DHFL Pramerica Mutual Fund

DHFL Pramerica Mutual Fund is a joint venture between DHFL Ltd. and Pramerica, a wholly-owned subsidiary of Prudential Financial, Inc.

DHFL Ltd.

Dewan Housing Finance Corporation (DHFL) is a housing finance company established back in 1984 by Late Rajesh Kumar Wadhawan. The company also provides loans to SMEs. DHFL targets lower and middle-income group families in rural and semi-urban India.

As of FY 2017-18, the company has sanctioned loans amounting to Rs. 65,935.8 Crore. During the same fiscal, it reported gross revenues of Rs. 10,464.5 Crore and a net profit of Rs. 1,172.1 Crore.

DHFL Ltd. has a net worth of Rs. 8,795.64 Crore and asset under management (AuM) of Rs. 1,11,086 Crore.

Pramerica

Pramerica is the brand name used by Prudential Financial, Inc. (PFI), an American Fortune 500 and Fortune Global 500 company, when operating outside the US. PFI has a presence in more than 40 countries through its subsidiaries and employs more than 50,000 individuals globally.

PFI has won numerous awards and accolades over the past few years; few of these are mentioned below:

  • Ranks 24 in Just 100 by Forbes and Just Capital.
  • Ranks 52 in Fortune 500 list for 2018.
  • 100 Most Sustainable Companies by Barron’s.
  • America's Best Employers by Forbes.
  • World's Most Ethical Companies by Ethisphere.
  • World’s Most Admired Companies by Fortune.
  • Top 12 Companies for People with Disabilities by DiversityInc.
  • Top 50 Companies for Diversity by DiversityInc.

PGIM, Inc. is the asset management wing of Prudential Financial, Inc. The company has an AuM of more than $1 trillion and ranks 8 in the Top 10 Fortune 500 companies. It is one of the top 10 institutional fund managers in the world. PGIM has presence in 15 countries with 37 offices.

DHFL Pramerica Asset Managers Private Ltd.

DHFL Pramerica Asset Managers Private Ltd. is a 50:50 joint venture between the two companies mentioned above with presence in 19 Indian cities.

The company is registered as a mutual fund worth SEBI under the registration code MF/065/10/02. It is also a portfolio manager registered with SEBI with the registration number INP000003864.

As of 31 March 2019, the DHFL Pramerica Asset Managers Private Ltd. offers 286 schemes and has an AuM of Rs. 7,627 Crore.

Key information

Mutual fundDHFL Pramerica Mutual Fund
Asset management companyDHFL Pramerica Asset Managers Private Ltd.
Set up13 May 2010
Incorporated24 September 2008
SponsorsPrudential FinancialInc. (PFI) Dewan Housing Finance Corporation Limited (DHFL)
TrusteeDHFL Pramerica Trustees Private Ltd.
Name of trusteesDr. John PraveenMr. Srinath SridharanMr. Sujal ShahMr. Rakesh Sood
MD and CEOMr. Rajesh Iyer
CIOMr. E. A. Sundaram
Investor Service OfficerMr. Murali Ramasubramanian
Compliance OfficerMr. Sandeep Kamath

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How can you invest in Dhfl Pramerica Mutual Funds?

Follow the few simple steps mentioned below to invest in DHFL Pramerica Mutual Fund online:

Step 1. Register to create a Groww account; log-in if you already have one.

Step 2. Upload your photo identity proof documents (PAN, Voter ID, Aadhaar, Passport, Driving Licence, Central or State Government ID card, etc.).

Step 3. Upload your address proof documents (any identity proof documents with your permanent address, etc.).

Step 4. Choose your preferred investment period.

Step 5. Choose your preferred risk - low, mid, or high.

Step 6. Select the preferred DHFL Pramerica Mutual Fund you want to invest in.

Step 7. Click on “Invest One Time” if you want to invest a lump sum amount or “Start SIP” if you want to invest via SIP.

Your Groww account will reflect the DHFL Pramerica Mutual Fund in India you have invested in within 3 to 4 working days.

Top Performing Dhfl Pramerica Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
DHFL Pramerica Strategic Debt FundDebtModerate3.8%5star6
DHFL Pramerica Dynamic Bond FundDebtModerate13.6%5star42
DHFL Pramerica Ultra Short Term FundDebtModerately Low14.6%5star57
DHFL Pramerica Insta Cash FundDebtLow7.1%4star468
DHFL Pramerica Banking & PSU Debt FundDebtModerately Low12.3%3star51
DHFL Pramerica Equity Savings FundHybridModerately High11.5%3star35
DHFL Pramerica Hybrid Debt Fund HybridModerately High6.0%3star18
DHFL Pramerica Gilt FundDebtModerate12.9%3star62
DHFL Pramerica Long Term Equity FundEquityModerately High11.3%3star365
DHFL Pramerica Premier Bond FundDebtModerately Low10.1%3star58
DHFL Pramerica Large Cap FundEquityModerately High16.3%3star329
DHFL Pramerica Diversified Equity FundEquityModerately High12.1%3star125
DHFL Pramerica Arbitrage FundHybridModerately Low6.5%2star181
DHFL Pramerica Credit Risk FundDebtModerate5.1%2star428
DHFL Pramerica Hybrid Equity FundHybridModerately High12.1%2star152
View All Top Performing Dhfl Pramerica Mutual Funds

Top Fund Managers

1. Mr. Aniruddha Naha

Mr. Aniruddha Naha is B.Com graduate and also holds a Master of Finance and Control (MFC) from the Delhi University.

He began his career as a Fund Manager in DSP Blackrock Mutual Fund in 2004. In 2010, he joined Mirae Asset as the Vice President & Portfolio Manager. He became the Head of Offshore Advisory of the same company in 2012. A year later, he joined IDFC Asset Management Company Ltd. as a Fund Manager. He moved to Avendus as Director of Equities in 2016.

Mr. Aniruddha Naha became the Senior Fund Manager of DHFL Pramerica Mutual Fund in 2018. He manages an AuM of Rs. 243 Crore in 6 schemes like DHFL Pramerica Diversified Equity Fund, DHFL Pramerica Midcap Opportunities Fund, DHFL Pramerica Midcap Opportunities Fund, etc.

2. Mr. Alok Agarwal

Mr. Alok Agarwal is a B.Com from St. Xavier's College, Kolkata and an M.Com from Annamalai University. He also holds an MS in Finance degree from the Institute of Chartered Financial Analysts of India (ICFAI). Mr. Agarwal is a Chartered Accountant and Chartered Financial Analyst.

He joined K.R. Choksey Shares and Securities Private Ltd. as the Head of PMS and Fund Manager of Equities in 2008. In 2010, he became the Fund Manager at Deutsche Asset Management.

Mr. Agarwal became the Senior Fund Manager of Equities at DHFL Pramerica Asset Managers Pvt. Ltd. in 2016. He manages an AuM of Rs. 680 Crore invested in 30 schemes like DHFL Pramerica Large Cap Fund, DHFL Pramerica Global Equity Opportunities Fund, DHFL Pramerica Global Equity Opportunities Fund, DHFL Pramerica Euro Equity Fund, DHFL Pramerica Hybrid Debt Fund, DHFL Pramerica Equity Savings Fund, etc.

3. Mr. Utkarsh Katkoria

Mr. Utkarsh Katkoria holds an MBA degree in Finance from the Cass Business School in London.

He joined JM Financial as an Investment Banking Analyst in 2005. In 2001, he became the Equity Research of Treasury at Reliance. He joined Deutsche Asset Management in 2014 as an Equity Research Analyst.

Mr. Katkoria joined DHFL Pramerica Mutual Fund in 2016. He currently manages an AuM of Rs. 217 Crore invested in 9 schemes of DHFL Pramerica Arbitrage Fund.

4. Mr. Kumaresh Ramakrishnan

Mr. Kumaresh Ramakrishnan holds a BE degree from the University of Mumbai and an MBA degree from the Narsee Monjee Institute of Management Studies (NMIMS).

He served as a Senior Rating Analyst at CARE Ratings in 1996. In 2000, he joined Societe Generale as a Senior Credit Analyst. Mr. Ramakrishnan moved to Deutsche Asset Management (India) Private Ltd. in 2005 as a Credit Risk Analyst. He became the Fund Manager and Head of Fixed Income at the same company in 2007.

He joined DHFL Pramerica Asset Managers Private Ltd. in 2016 as a Fund Manager and Head of Fixed Income. Mr. Ramakrishnan manages and an AuM of Rs. 3,986 Crore invested in 82 schemes like DHFL Pramerica Ultra Short Term Fund, DHFL Pramerica Premier Bond, DHFL Pramerica Insta Cash Fund, DHFL Pramerica Credit Risk Fund, DHFL Pramerica Short Maturity Fund, DHFL Pramerica Low Duration Fund, DHFL Pramerica Hybrid Debt Fund, DHFL Pramerica Hybrid Equity Fund, DHFL Pramerica Equity Savings Fund, DHFL Pramerica Arbitrage Fund, etc.

5. Mr. Rakesh Suri

Mr. Rakesh Suri holds a B.Sc and B.Ed degree from the Maharshi Dayanand Sarswati University. He is also a PGDBM in Finance from the Guru Nanak Institute of Management.

He initially served as a Debt Manager at RR Financial Ltd. in 1998. In 2002, he joined SREI International Securities Ltd. as a Dealer of Fixed Income. The same year, he moved to Derivium Capital Private Ltd. as a Senior Trader of Fixed Income. In 2005, he joined ICICI Bank Ltd. as a Senior Manager of Treasury. Later, he served as the Fixed Income Trader at Samba Financial Group in 2008. He joined Deutsche Asset Management (India) Private Ltd. as a Fixed Income Trader in 2010. A year later, he became the Fund Manager of Fixed Income of the same firm.

Mr. Rakesh Suri is currently a Fund Manager at DHFL Pramerica Mutual Fund since 2016. He manages schemes like the DHFL Pramerica Floating Rate Fund, DHFL Pramerica Premier Bond Fund, DHFL Pramerica Hybrid Fixed Term Fund, DHFL Pramerica Fixed Duration Fund, DHFL Pramerica Dual Advantage Fund, etc.

6. Mr. Puneet Pal

Mr. Puneet Pal holds an MBA in Finance from the Symbiosis Institute of Business Management.

He was earlier the Fund Manager at Tata Mutual Fund in 2006. From there, he became the Senior Vice President and Fund Manager of UTI Mutual Fund in 2008. In 2012, he joined BNP Paribas Mutual Fund as the Head of Fixed Income.

Mr. Puneet Pal joined DHFL Pramerica Asset Managers Private Ltd. in 2017 as the Director of Fixed Income. He manages an AuM of Rs. 360 Crore invested in 22 schemes like DHFL Pramerica Dynamic Bond, DHFL Pramerica Gilt Fund, DHFL Pramerica Banking & PSU Debt Fund, DHFL Pramerica Short Maturity Fund, etc.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

DHFL Pramerica Strategic Debt Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Medium to Long Duration segment. It has given a commendable NA annual returns in the last three years. In the previous year, it delivered 3.75% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹0
AUM6Cr
1Y Returns3.8%

PGIM India Dynamic Bond Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Dynamic segment. It has given a commendable 9.1% annual returns in the last three years. In the previous year, it delivered 13.63% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹0
AUM42Cr
1Y Returns13.6%

PGIM India Ultra Short Term Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Ultra Short Duration segment. It has given a commendable 9.67% annual returns in the last three years. In the previous year, it delivered 14.61% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹0
AUM57Cr
1Y Returns14.6%

PGIM India Insta Cash Fund Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Liquid segment. It has given a commendable 7.07% annual returns in the last three years. In the previous year, it delivered 7.11% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹0
AUM468Cr
1Y Returns7.1%

PGIM India Banking & PSU Debt Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Banking & PSU segment. It has given a commendable 7.85% annual returns in the last three years. In the previous year, it delivered 12.35% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹0
AUM51Cr
1Y Returns12.3%

PGIM India Equity Savings Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Equity Savings segment. It has given a commendable 8.49% annual returns in the last three years. In the previous year, it delivered 11.47% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹0
AUM35Cr
1Y Returns11.5%

DHFL Pramerica Hybrid Debt Fund Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Conservative segment. It has given a commendable 8.06% annual returns in the last three years. In the previous year, it delivered 5.96% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹0
AUM18Cr
1Y Returns6.0%

PGIM India Gilt Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Gilt segment. It has given a commendable 7.15% annual returns in the last three years. In the previous year, it delivered 12.95% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹0
AUM62Cr
1Y Returns12.9%

PGIM India Long Term Equity Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in ELSS segment. It has given a commendable 12.6% annual returns in the last three years. In the previous year, it delivered 11.25% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹0
AUM365Cr
1Y Returns11.3%

PGIM India Premier Bond Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Corporate Bond segment. It has given a commendable 7.05% annual returns in the last three years. In the previous year, it delivered 10.14% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹0
AUM58Cr
1Y Returns10.1%

PGIM India Large Cap Fund Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Large Cap segment. It has given a commendable 12.68% annual returns in the last three years. In the previous year, it delivered 16.3% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹0
AUM329Cr
1Y Returns16.3%

PGIM India Diversified Equity Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Multi Cap segment. It has given a commendable 11.61% annual returns in the last three years. In the previous year, it delivered 12.07% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹0
AUM125Cr
1Y Returns12.1%

PGIM India Arbitrage Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Arbitrage segment. It has given a commendable 6.51% annual returns in the last three years. In the previous year, it delivered 6.54% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹0
AUM181Cr
1Y Returns6.5%

PGIM India Credit Risk Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Credit Risk segment. It has given a commendable 6.34% annual returns in the last three years. In the previous year, it delivered 5.12% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹0
AUM428Cr
1Y Returns5.1%

PGIM India Hybrid Equity Fund Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Aggressive segment. It has given a commendable 8.09% annual returns in the last three years. In the previous year, it delivered 12.1% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹0
AUM152Cr
1Y Returns12.1%

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