Pramerica Mutual Fund files offer document for Build in India Fund - Series 1 to 2

Pramerica Mutual Fund has filed offer document with SEBI to launch a Closed Ended Equity Fund as 'Pramerica Build in India Fund-Series 1 to 2'. The New Fund Offer price is Rs 10 per unit. Entry and exit load charges will be nil for the scheme. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 10 crore. The scheme will be benchmarked against for the scheme is CNX 500 Index. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. The investment objective of the scheme is to achieve long term capital appreciation by investing in an actively managed diversified portfolio consisting of equity & equity related securities that are likely to benefit from the make in India initiative of Government of India