PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 22-10-2024
₹ 37.86
1D
Inception Returns
16.4%
/yr
About PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth is an equity fund. This fund was started on 11 December, 2015. The fund is managed by Vinay Paharia, Anandha Padmanabhan Anjeneyan, Bhupesh Kalyani. The fund could potentially beat inflation in the long-run.
Key Parameters
- PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth has ₹799 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth has given a CAGR return of 16.41% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 27.38%, 14.56% and 20.35% respectively.
Holdings
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Health, Consumer Defensive, Basic Materials, Energy, Communication, Government, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Bajaj Finance Ltd, Avenue Supermarts Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth
The primary objective of the Scheme is to generate long-term capital appreciation by predominantly investing in equity & equity related instruments and to enable eligible investors to avail deduction from total income, as permitted under the Income Tax Act, 1961 as amended from time to time.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth of 3 Years
Historical NAV & Returns
Annualised
▲
▼
1209 people have invested ₹ 32.4L in PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth in the last three months
INDmoney Rank for PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth
Powered by IND quant engine
18
/23
25% Performance
43% Risk Management
61% Cost
18 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
Has not generated consistent returns
Does not beat the benchmark consistently
Higher probablity of downside risk
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth Overview
| Expense ratio | 0.72% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹799 Cr |
| Inception Date | 11 December, 2015 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 72.51% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (22-Oct-24)
Fund Distribution
as on (30-Sep-24)
Large cap
59.1%
Mid cap
21.9%
Small cap
14.9%
Sector Allocation
Financial Services
30.2%
Industrial
15.6%
Consumer Cyclical
10.6%
Tech
10%
Health
8.3%
Consumer Defensive
8%
Basic Materials
6.5%
Energy
4.8%
Communication
3.5%
Utilities
1.5%
Real Estate
1.1%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at 2.84% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
- This fund outperformed Nifty 500 by 0.80% in Sep'24
- AUM of the fund stands at 798.8 Cr as of Sep'24
- AUM increased by 21.5 Cr between Sep'24 and Aug'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 6.55% to 6.74%
Cholamandalam Investment and Finance Co Ltd's allocation increased from 2.49% to 2.67%
Blue Star Ltd's allocation increased from 0.95% to 1.12%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 4.84 % to 4.61 %
Tata Consultancy Services Ltd's allocation decreased from 3.13 % to 2.85 %
Larsen & Toubro Ltd's allocation decreased from 2.69 % to 2.6 %
Mid Cap allocation has gone up from 20.4% to 21.9%
Large Cap allocation has gone down from 61% to 59.1%
Small Cap allocation has gone up from 14.1% to 14.9%
Cash allocation has gone up from 4% to 4.1%
Debt allocation has gone up from 0% to 0.1%
Top 3 Sectors in September were Financial Services, Industrial & Tech
Sep'24
Financial Services
30%
Industrial
16%
Consumer Cyclical
11%
Aug'24
Financial Services
30%
Industrial
16%
Tech
12%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Blue Star Ltd | 0.5% |
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Vinay Paharia
Fund Manager of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth, since 1 April 2023
Top funds managed
Anandha Padmanabhan Anjeneyan
Fund Manager of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth, since 1 April 2023
Top funds managed
Bhupesh Kalyani
Fund Manager of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth, since 1 April 2023
Top funds managed
Fund House
PGIM India Asset Management Private Limited
Total Schemes
Total AUM
₹26.36K Cr
as on 30-Sep-2024
Address
PGIM India Asset Management Private Limited,Nirlon House, 2nd Floor,,Dr. Annie Besant Road,,Worli,
Phone
+912271584300
Website
mailmanager@karvy.com
Mutual Fund Insights
Over the last 1 year, this fund has decreased expense ratio by 15.3% moving from 0.85 to 0.72.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 27.38% return, outperforming this fund by 12.82% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 69% return, outperforming this fund by 41.62%.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.72% which is lower than the category average expense ratio of 1.26%.
Over the last 6 months, this fund has experienced a 21.4% growth in AUM moving from 657.75 Cr to 798.77 Cr.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.62% return, outperforming this fund by 15.27% per annum.
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.41% since inception which is more than its category average return of 16.38%
Fund Allocations
This fund has an allocation of 95.8% in Equity, 0.12% in Debt and 4.07% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 4217 Cr
Expense Ratio 0.72%
This fund has an expense ratio of 0.72% which is less than its category average expense ratio of 1.46%
Frequently Asked Questions for PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth
The current NAV of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth is ₹37.86 as on 22-Oct-2024.
Existing (Absolute + CAGR) as on 22-Oct-2024.
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.37% | -5.37% |
6 Month Returns | 13.63% | 13.63% |
1 Year Returns | 27.38% | 27.38% |
3 Years Returns | 50.35% | 14.56% |
5 Years Returns | 152.5% | 20.35% |
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0.72% as on September 2024
₹799 Cr as on September 2024
HDFC Bank Ltd(6.74%), ICICI Bank Ltd(5.81%), Reliance Industries Ltd(4.61%), Bajaj Finance Ltd(4.19%), Avenue Supermarts Ltd(2.98%) as on September 2024
Financial Services(28.97%), Industrial(14.93%), Consumer Cyclical(10.13%) as on September 2024
The alpha ratio for the PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth | -5.18 | 0.72 | 0.48 |
As on September 2024
The alpha for PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth | 0.94 | 0.84 | 0.93 |
As on September 2024
The Beta for PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth | 1.91 | 0.93 | 0.9 |
As on September 2024
The sharpe ratio for PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth | 11.5 | 11.67 | 17.97 |
As on September 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.73 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Vinay Paharia, Anandha Padmanabhan Anjeneyan, Bhupesh Kalyani are the fund managers of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth
The Exit load of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth is 0%