Global mutual funds are becoming popular day by day. And today, most 21st-century investors prefer them over other mutual funds. Global equity opportunities fund is one of the most popular global equity funds offered by PGIM, India.
And if you are curious about investing in it, keep reading. Here, we will discuss its prospects in 2023 in detail.
About Global equity opportunities fund
If you are interested in global mutual funds, particularly the global equity opportunities fund, you must learn about them. The global equity opportunities fund scheme is a global mutual fund offered by PGIM. This PGIM mutual fund scheme was launched on 01/01/2013 and has held an excellent mutual fund investment segment for the past 11 years.
The scheme has the majority of its investments in the financial sector. Also, on 30th Sep 2022, the direct growth of this scheme reached an asset of 1,285 Cr. worth. Its top 5 holdings are in PGIM Jennison’s global equity opportunities fund.
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Opportunities in 2023
Global equity fund schemes are gaining popularity recently, and the global opportunities scheme is one among them. So, if you are wondering about the opportunities of investing in it, this list will help you understand better.
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Asset allocation
Asset allocation is a significant aspect of mutual fund investments, and there is no exception for mutual fund global schemes. A good mutual fund plan will help you allocate assets / will distribute assets that can prevent market volatility yet bring good returns.
The global equity opportunities scheme holds the majority (97.58%) in equity, 2.85% in debt and 0.43 % in cash and equivalents. So, when you invest in this scheme, you can get excellent asset allocation compared to other mutual funds.
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Portfolio diversification
Portfolio diversification is another essential aspect of mutual funds. And when you invest in global opportunities fund, you can diversify your investment portfolio. Portfolio diversification enables you to reach your investment goals faster and helps to prevent volatility-related investment risks.
Currently, the asset composition of this scheme has 97.58% of PGIM Jennison global fund.
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Investment objectives
Investment objectives also play a crucial role in every mutual fund investment. And you must understand your investment goals and compare different investment objectives to pick the best plan. For example, the global equity opportunities scheme aims to bring good returns on long-term overseas investment. It focuses on agricultural, direct and indirect beneficiaries to generate high investment returns.
If you are also looking for a long-term investment plan, it can offer an excellent opportunity for you.
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High returns
The best part of the global equity opportunities scheme is that it can bring high investment returns than many other global equity funds. It is because the global equity opportunities plan has most of the assets in the equity sector, which is almost 97.58% of the entire asset composition of the scheme. And investing a significant section in equity means you can gain higher returns on your investments.
According to the recent mutual fund market observation, the global equity opportunities scheme can offer doubled return on the investment every 7 years.
Tax benefits
While most mutual funds, especially global equity funds, do not have many tax benefits, global equity opportunity funds can offer good tax benefits. Generally, if you redeem your investment, you will have to pay the tax as per your slab rate.
But if you redeem it after 3 years of your investment, you can get various tax deductions, including indexation benefits.
Conclusion
Global equity fund investments are becoming popular globally. They offer a broader market and a more significant opportunity to invest. The Global equity opportunities fund by PGIM is a top investment plan. And here, we have listed some essential reasons for investing in it.
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