Pramerica Equity Fund

Pramerica Equity Fund is being managed by Ravi Gopalakrishnan and Mahendra Jajoo. This is Pramerica fund house’s first and only equity fund. The fund’s performance has been disappointing.

Where does Pramerica Equity Fund invest your money?

Pramerica Equity Fund is a large cap fund which means most of your money will be invested in stocks of large companies. And just to give kicker returns the fund has some exposure in mid cap companies as well. Large cap companies tend to be stable compared to mid cap and small cap companies. Pramerica Equity Fund has 13.27% exposure to mid size companies and 1% exposure to small size companies and 86.73% to large size companies.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for?
  • Creating wealth
  • Lifestyle needs
  • Short term needs
Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
How has Pramerica Equity Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched at Dec 2010, your value of investments would have dropped to Rs 0.92 lakhs.

Assume you had invested Rs 10,000 every month in Pramerica Equity Fund through SIP for the past 1 year today you would have around Rs 2.2 lakhs.

What charges apply?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of Pramerica Equity Fund is 2.99%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you do not withdraw within 1 year. Pramerica Equity Funddoes not qualify for sec 80C ELSS benefits.

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