PGIM India ELSS Tax Saver Fund Dir Gr

PGIM India ELSS Tax Saver Fund Dir Gr

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Equity
Direct
Elss (Tax Savings)

NAV: ₹ 30.4 as on 29-09-2023

Fund Performance
zero opening, trading, fund transfer fee
1212 people have invested ₹ 65L in PGIM India ELSS Tax Saver Fund Dir Gr in the last three months

Fund Insights

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Over the last 6 months, this fund has decreased expense ratio by 15.0% moving from 1.00 to 0.85.
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In the last 1 year, SBI Long Term Equity Fund Direct Growth has given 34.63% return, outperforming this fund by 14.92%.
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Over the last 6 months, this fund has experienced a 54.3% growth in AUM moving from 451.02 Cr to 695.72 Cr.
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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%.
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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.
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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

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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

  1. 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.
  2. The fund has an expense ratio 0.9.

PGIM India ELSS Tax Saver Fund Dir Gr Overview

Expense ratio
Expense ratio
0.85%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹696 Cr
Inception Date
Inception Date
11 December, 2015
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
24.36%

Fund Distribution as on (31-Aug-23)

  • Equity 96%

  • Debt & Cash 4%

Size breakup

Large cap
65.2%
Mid cap
19.2%
Small cap
11.5%

Sector Allocation

Aug'23

Jul'23

Jun'23

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

  • Debt & Cash

Equity Holdings61
Debt Holdings1

PGIM India ELSS Tax Saver Fund Dir Gr: Monthly Changes Updates

All changes are between Jun'23 and Aug'23

Fund Performance

Aug'23
Jul'23
Jun'23
Fund Returns
-0.56%
2.46%
3.42%
Nifty 500
-0.74%
3.21%
4.25%
  • 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

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 695.7 Cr
₹ 689.7 Cr
₹ 540.3 Cr
  • 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

PGIM India ELSS Tax Saver Fund Dir Gr Fund Manager

Bhupesh Kalyani

Bhupesh Kalyani

Fund Manager of PGIM India ELSS Tax Saver Fund Dir Gr, since 1 April 2023
Vinay Paharia

Vinay Paharia

Fund Manager of PGIM India ELSS Tax Saver Fund Dir Gr, since 1 April 2023
Anandha Padmanabhan Anjeneyan

Anandha Padmanabhan Anjeneyan

Fund Manager of PGIM India ELSS Tax Saver Fund Dir Gr, since 1 April 2023

Fund 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 15.33% since inception which is more than its category average return of 14.24%
Fund Allocations

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

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%

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%