DHFL Pramerica Mutual Fund has announced a change in the name, type and benchmark of DHFL Pramerica Global Agribusiness Offshore Mutual Fund Investment Scheme, with effect from October 17, 2018.
Accordingly, the revised name of the DHFL Pramerica Global Agribusiness Offshore Fund will be DHFL Pramerica Global Equity Opportunities Fund.
The open-ended fund of fund scheme which is investing in Deutsche Invest I Global Agribusiness at present will start investing in PGIM Jennison Global Equity Opportunities Fund from October 17, 2018.
The scheme which is now benchmarked against MSCI World Index will be benchmarked against MSCI All Country World Index.
The Open-ended Equity International scheme was launched in January 2013. The Face Value of the scheme is 10.00 Rupees per unit, and the Fund Size is 7.32 Crore Rupees.
Mr. Alok Agarwal has been managing the DHFL Pramerica Global Agribusiness Offshore Mutual Fund Investment Scheme since July 2017. He is a CA, CFA, MS (Finance) and M.Com degree holder.
Before joining the DHFL Pramerica AMC, Agarwal worked as Portfolio Manager (Equity) at Deutsche Asset Management (I) Pvt. Ltd., from June 2014 to March 2016 and at Deutsche Bank AG from November 2010 to June 2014.
He worked as PMS-Head Portfolio Manager (Equity) at K.R. Choksey Shares & Securities from March 2008 to November 2010. He also worked as Manager (Equity Research) at E-nxt Financials Ltd., from August 2007 to March 2008, and as Author, Head Faculty, at Pinnacle Academy from June 2002 to August 2007.
The NAV (Net Asset Value) of the scheme as on September 10, 2018, is 18.7800 Rupees. The AUM (Asset Under Management) of the scheme is 7.52 Crore Rupees, according to The Economic Times.
The investment objective of the scheme is to generate long-term capital growth by investing mainly in units of overseas MFs, focusing on agriculture and/or would be direct and indirect beneficiaries of the expected progress in the agriculture and/or affiliated/allied sectors, according to information available in the official website of the DHFL Pramerica Mutual Fund.
The fund house announced that there is a change in the above-specified features of the DHFL Pramerica Global Agribusiness Offshore Mutual Fund Investment Scheme, on September 11, 2018, according to KJMC.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]