PGIM India Equity Savings Fund Direct Growth

PGIM India Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by A. Anandha Padmanabhan, Hitash Dang, Puneet Pal, Vinay Paharia. This fund gives you the benefit of diversification.

1. PGIM India Equity Savings Fund Direct Growth has ₹93 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
2. The fund has an expense ratio 0.5.
   

PGIM India Equity Savings Fund Direct Growth has given a CAGR return of 9.21% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.03%, 7.50% and 8.89% respectively.

PGIM India Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Government, Tech, Consumer Defensive, Industrial, Consumer Cyclical, Energy, Health, Communication, Utilities.

As it is a equity savings mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. PGIM India Equity Savings Fund Direct Growth has no lock in period.