PGIM India ELSS Tax Saver Fund Dir Gr
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 30.4 as on 29-09-2023
Fund Performance
1212 people have invested ₹ 65L in PGIM India ELSS Tax Saver Fund Dir Gr in the last three months
Fund Insights
Over the last 6 months, this fund has decreased expense ratio by 15.0% moving from 1.00 to 0.85.
In the last 1 year, SBI Long Term Equity Fund Direct Growth has given 34.63% return, outperforming this fund by 14.92%.
Over the last 6 months, this fund has experienced a 54.3% growth in AUM moving from 451.02 Cr to 695.72 Cr.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.85% which is lower than the category average expense ratio of 1.32%.
In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 36.58% return, outperforming this fund by 9.65% per annum.
In the last 5 years, Quant Tax Plan Growth Option Direct Plan has given 26.82% return, outperforming this fund by 10.45% per annum.
INDmoney Rank
Powered by IND quant engine
9
/23
64% Performance
49% Risk Management
55% Cost
9 out of 23 among elss (tax savings)
Pros
Beats FD returns for both 3Y & 5Y
Cons
No bad points found for this fund.
About the Fund
PGIM India ELSS Tax Saver Fund Dir Gr is an equity fund. This fund was started on 11 December, 2015. The fund is managed by Bhupesh Kalyani, Vinay Paharia, Anandha Padmanabhan Anjeneyan. The fund could potentially beat inflation in the long-run.
Key Parameters
- PGIM India ELSS Tax Saver Fund Dir Gr has ₹696 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.9.
PGIM India ELSS Tax Saver Fund Dir Gr Overview
 | 0.85% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹696 Cr |
 | 11 December, 2015 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 24.36% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
65.2%
Mid cap
19.2%
Small cap
11.5%
Sector Allocation
Financial Services
33.3%
Industrial
11.5%
Consumer Cyclical
9.4%
Tech
9.4%
Consumer Defensive
8.8%
Basic Materials
7.6%
Health
7.5%
Energy
6.5%
Utilities
3.2%
Communication
2%
Real Estate
0.9%
Top Holdings of PGIM India ELSS Tax Saver Fund Dir Gr as on (31-Aug-23)
Equity Holdings61
Debt Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.7% | 46.3% | |
 ICICI Bank Ltd | 7.05% | 16.2% | |
 Reliance Industries Ltd | 6.22% | 0% | |
 Infosys Ltd | 5.08% | 23.1% | |
 Axis Bank Ltd | 3.79% | 0% |
See all
PGIM India ELSS Tax Saver Fund Dir Gr: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at -0.56% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.74% as on Aug'23
- This fund outperformed Nifty 500 by 0.18% in Aug'23
AUM Change
- AUM of the fund stands at 695.7 Cr as of Aug'23
- AUM increased by 6 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in PGIM India ELSS Tax Saver Fund Dir Gr portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Dixon Technologies (India) Ltd | 21% |
 MTAR Technologies Ltd | 15.8% |
 Infosys Ltd | 5.1% |
Top Losers | 1M Return |
|---|---|
 HDFC Bank Ltd | -5.5% |
 Reliance Industries Ltd | -4.2% |
 ICICI Bank Ltd | -3.6% |
Peer Analysis
PGIM India ELSS Tax Saver Fund Dir Gr Fund Manager
Bhupesh Kalyani
Fund Manager of PGIM India ELSS Tax Saver Fund Dir Gr, since 1 April 2023
Top funds managed
Vinay Paharia
Fund Manager of PGIM India ELSS Tax Saver Fund Dir Gr, since 1 April 2023
Top funds managed
Anandha Padmanabhan Anjeneyan
Fund Manager of PGIM India ELSS Tax Saver Fund Dir Gr, since 1 April 2023
Top funds managed
Fund 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 15.33% since inception which is more than its category average return of 14.24%
Fund Allocations
This fund has an allocation of 95.96% in Equity, 0.17% in Debt and 3.87% in Cash related instruments
AUM size ₹696 Cr
This fund has AUM of ₹696 Cr which is less than its category average of ₹ 2953 Cr
Expense Ratio 0.85%
This fund has an expense ratio of 0.85% which is less than its category average expense ratio of 1.5%
Frequently Asked Questions
The current NAV of PGIM India ELSS Tax Saver Fund Dir Gr is ₹30.43 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
PGIM India ELSS Tax Saver Fund Dir Gr | Absolute Returns | CAGR Returns |
1 Month Returns | 0.79% | 0.79% |
6 Month Returns | 15.88% | 15.88% |
1 Year Returns | 19.71% | 19.71% |
3 Years Returns | 104.5% | 26.93% |
5 Years Returns | 113.39% | 16.37% |
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0.85% as on August 2023
₹696 Cr as on August 2023
HDFC Bank Ltd(7.7%), ICICI Bank Ltd(7.05%), Reliance Industries Ltd(6.22%), Infosys Ltd(5.08%), Axis Bank Ltd(3.79%) as on August 2023
Financial Services(31.92%), Industrial(11.08%), Consumer Cyclical(9.03%) as on August 2023
The alpha ratio for the PGIM India ELSS Tax Saver Fund Dir Gr 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 | - | - | - |
As on August 2023
The alpha for PGIM India ELSS Tax Saver Fund Dir Gr 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 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 | - | - | - |
As on August 2023
The Beta for PGIM India ELSS Tax Saver Fund Dir Gr 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 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 | 0.82 | 1.43 | 0.56 |
As on August 2023
The sharpe ratio for PGIM India ELSS Tax Saver Fund Dir Gr 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 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 | 9.49 | 13.54 | 18.55 |
As on August 2023
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 3.27 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.69 as on August 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Bhupesh Kalyani, Vinay Paharia, Anandha Padmanabhan Anjeneyan are the fund managers of PGIM India ELSS Tax Saver Fund Dir Gr
The Exit load of PGIM India ELSS Tax Saver Fund Dir Gr is 0%