Non Discretionary Portfolio Management Services:

Under the Non Discretionary Services, the Portfolio Manager will manage the Client’s portfolio in accordance with the directions received from the Client and pursuant to Client’s consent being received for each investment/transaction. The investment objectives and approach will be in accordance with the general objectives described in the Disclosure Document and as per the specific objectives set out in each Client Agreement.




Investment Approach:

Investment Objective: The aim of the portfolio is to deliver capital growth from an actively managed portfolio where the underlying holdings will be selected in accordance with research capabilities of the Portfolio Manager and under the investor’s discretion & directions.

Types of Securities:

Funds would be predominantly invested in listed equity and equity related instruments and up to 25% of the Assets Under Management may be invested in unlisted equity.

Basis of Selection:

The starting point for selection of securities would be a top down and bottom up approach and the Portfolio Manager’s analysis of business cycles, regulatory reforms, competitive advantage etc. Selective stock picking will be done from the sectors identified from the Portfolio Manager’s analysis. The Portfolio Manager, in selecting scrips, will focus among other aspects, on the fundamentals of the business, the industry structure, the quality of management, sensitivity toeconomic factors, the financial strength of the company and the key earnings drivers. Stock specific risk will be minimized by investing only in those companies that have been analysed by the Portfolio Manager. Risk will also be reduced through adequate diversification of the portfolio which will be achieved by spreading the investments over a range of industries / sectors.

Allocation of portfolio across types of securities:

The construct of the portfolio will be in line with the client requirements. Pending deployment of funds of the Portfolio in securities in terms of the investment objective, the funds of the Portfolio may be parked in short term deposits of scheduled commercial banks or in the liquid and debt schemes of PGIM India Mutual Fund.



Indicative tenure or investment horizon:

The horizon would depend on the portfolio construct in accordance with the directions provided by the client.

Risk associated with the investment approach:

Equity Market Risk, Concentration Risk, Liquidity Risk shall exist for any investments, especially in unlisted companies or Pre IPO investments. For further details on risks, please refer to section on ‘Risk Factors’ provided in the Disclosure Document.

Disclaimers and Risk Factors: PGIM India Asset Management Private Limited is registered with SEBI (Portfolio Managers) Regulations, 1993 [as repealed and superseded by SEBI (Portfolio Managers) Regulations, 2020]. This Document is for information purpose only. This Document and the Information do not constitute a distribution, an endorsement, an investment advice, an offer to buy or sell or the solicitation of an offer to buy or sell any securities/ schemes or any other financial products/investment products (collectively “Products”) mentioned in this Document or an attempt to influence the opinion or behavior of the Investors/Recipients. Any use of the information contained herein for investment related decisions by the Investors/ Recipients is at their sole discretion & risk. Please read the Disclosure Document and the agreement along with the related documents carefully before investing. Investments in Products are subject to market risks, various micro and macro factors and forces affecting the capital markets and include price fluctuation risks. There is no assurance or guarantee/ warranty that the objectives of any of the Products will be achieved. The investments may not be suited to all categories of Investors/ Recipients. Investors/ Recipients must make their own investment decisions based on their own specific investment objectives, their financial position and using such independent professional advisors, as they believe necessary, before investing in such Products. The Client can avail the Portfolio Management Services directly from the Portfolio Manager without any recourse to distributors.

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