PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth

Equity
Direct
Elss (Tax Savings)
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth

About the Fund

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

  1. PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth has ₹739 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth has given a CAGR return of 16.90% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 26.14%, 18.40% and 20.50% 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, Government, Health, Consumer Defensive, Basic Materials, Energy, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Axis Bank 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 benefit
Dividends 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

Fund Performance
zero opening, trading, fund transfer fee
1304 people have invested ₹ 44.1L in PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
20
/23
32% Performance
37% Risk Management
57% Cost
20 out of 23 among elss (tax savings)
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Beats FD returns for both 3Y & 5Y
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Has not generated consistent returns
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Does not beat the benchmark consistently
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Underperforms benchmarks during bull run

Fund Overview

Expense ratio0.78%
Benchmark
S&P BSE 200 India TR INR
AUM₹739 Cr
Inception Date11 December, 2015
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
24.36%
Risk
Risk meter
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Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98.4%

  • Debt & Cash 1.6%

Large cap
62.7%

Mid cap
21.7%

Small cap
13.6%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
30.3%
Industrial
15.8%
Consumer Cyclical
10.5%
Tech
10.2%
Health
8.2%
Consumer Defensive
8%
Basic Materials
6%
Energy
5.4%
Communication
3.1%
Utilities
1.4%
Real Estate
1.1%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Vinay Paharia
Vinay Paharia
Fund Manager of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth, since 1 April 2023
Anandha Padmanabhan Anjeneyan
Anandha Padmanabhan Anjeneyan
Fund Manager of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth, since 1 April 2023
Bhupesh Kalyani
Bhupesh Kalyani
Fund Manager of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth, since 1 April 2023

Mutual Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.78% which is lower than the category average expense ratio of 1.28%.
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Over the last 6 months, this fund has experienced a 16.7% growth in AUM moving from 633.55 Cr to 739.46 Cr.
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In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 28.78% return, outperforming this fund by 10.38% per annum.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.24% return, outperforming this fund by 15.74% per annum.
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Over the last 1 year, this fund has decreased expense ratio by 18.7% moving from 0.96 to 0.78.
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In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 59.5% return, outperforming this fund by 33.35%.

PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.9% since inception which is more than its category average return of 16.8%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.42% in Equity, 0% in Debt and 1.58% in Cash related instruments
AUM size ₹739 Cr

AUM size ₹739 Cr

This fund has AUM of ₹739 Cr which is less than its category average of ₹ 3925 Cr
Expense Ratio 0.78%

Expense Ratio 0.78%

This fund has an expense ratio of 0.78% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions

The current NAV of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth is ₹38.31 as on 18-Jul-2024.
Existing (Absolute + CAGR) as on 18-Jul-2024.
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.71%
3.71%
6 Month Returns
17.26%
17.26%
1 Year Returns
26.14%
26.14%
3 Years Returns
65.99%
18.4%
5 Years Returns
154.05%
20.5%
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0.78% as on June 2024
₹739 Cr as on June 2024
HDFC Bank Ltd(7.08%), ICICI Bank Ltd(5.92%), Reliance Industries Ltd(5.27%), Axis Bank Ltd(4.55%), Avenue Supermarts Ltd(2.98%) as on June 2024
Financial Services(29.78%), Industrial(15.55%), Consumer Cyclical(10.31%) as on June 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
-8.76
0.68
0.49
As on June 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
0.97
0.84
0.94
As on June 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
1.44
1.02
0.79
As on June 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
11.94
11.81
18.34
As on June 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 1.93 as on June 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%