Except for PSUs, there isn’t genuine value among value stocks: PGIM Mutual Fund
In the upcoming Budget, we are looking forward to further simplification of norms for investing into mutual funds and a level playing field, says Srinivas Ravuri, CIO Equities, PGIM MF.
PGIM India Mutual Fund, the erstwhile DHFL Pramerica Mutual Fund has been charting a slow but dogged path to recovery in the past year, since the shock collapse of its former sponsor, DHFL. 2019 saw a flight of assets from its debt schemes, some of which had exposure to DHFL. In the middle of that year PGIM, the joint-venture partner and a large global asset manager acquired sole control of the asset management company from DHFL. This was followed by the appointment of HDFC Mutual Fund's Srinivas Rao Ravuri as its CIO Equities.