PGIM India Equity Savings Fund Direct Growth

Hybrid
Direct
Equity Savings
PGIM India Equity Savings Fund Direct Growth

About the Fund

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.

Key Parameters

  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.

Returns

PGIM India Equity Savings Fund Direct Growth has given a CAGR return of 9.22% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.86%, 7.52% and 8.79% respectively.

Holdings

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.

Taxation

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).

Investment objective of PGIM India Equity Savings Fund Direct Growth

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 and lockin period

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.

Fund Performance
zero opening, trading, fund transfer fee
10 people have invested ₹ 1.9L in PGIM India Equity Savings Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.49%
Benchmark
NIFTY Equity Savings TR INR
AUM₹93 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
115.85%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 16.8%

  • Debt & Cash 83.2%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
37.2%
Basic Materials
26.7%
Tech
10.4%
Consumer Defensive
9.8%
Industrial
8.6%
Consumer Cyclical
2.4%
Energy
1.8%
Health
1.6%
Communication
1%
Utilities
0.5%
All changes are between Oct'69 and Dec'69

A. Anandha Padmanabhan
A. Anandha Padmanabhan
Fund Manager of PGIM India Equity Savings Fund Direct Growth, since 12 May 2022
Hitash Dang
Hitash Dang
Fund Manager of PGIM India Equity Savings Fund Direct Growth, since 1 June 2021
Puneet Pal
Puneet Pal
Fund Manager of PGIM India Equity Savings Fund Direct Growth, since 1 December 2021
Vinay Paharia
Vinay Paharia
Fund Manager of PGIM India Equity Savings Fund Direct Growth, since 1 April 2023

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.49% which is lower than the category average expense ratio of 1.06%.
Insights icon
In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 24.3% return, outperforming this fund by 14.45%.
Insights icon
In the last 3 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 13.83% return, outperforming this fund by 6.31% per annum.
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In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 14.44% return, outperforming this fund by 5.66% per annum.

PGIM India Equity Savings Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 9.22% since inception which is more than its category average return of 8.41%
Fund Allocations

Fund Allocations

This fund has an allocation of 16.77% in Equity, 15.41% in Debt and 67.82% in Cash related instruments
AUM size ₹93 Cr

AUM size ₹93 Cr

This fund has AUM of ₹93 Cr which is less than its category average of ₹ 1388 Cr
Expense Ratio 0.49%

Expense Ratio 0.49%

This fund has an expense ratio of 0.49% which is less than its category average expense ratio of 1.14%

Frequently Asked Questions

The current NAV of PGIM India Equity Savings Fund Direct Growth is ₹52.35 as on 22-Jul-2024.
Existing (Absolute + CAGR) as on 22-Jul-2024.
PGIM India Equity Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.98%
0.98%
6 Month Returns
5.27%
5.27%
1 Year Returns
9.86%
9.86%
3 Years Returns
24.29%
7.52%
5 Years Returns
52.36%
8.79%
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0.49% as on June 2024
₹93 Cr as on June 2024
HDFC Bank Ltd(8.58%), Ambuja Cements Ltd(7.15%), Bajaj Finance Ltd(6.88%), 5.63% Govt Stock 2026(6.85%), JSW Steel Ltd(6.5%) as on June 2024
Cash Equivalent(67.82%), Government(15.41%), Financial Services(6.24%) as on June 2024
AAA
100
A. Anandha Padmanabhan, Hitash Dang, Puneet Pal, Vinay Paharia are the fund managers of PGIM India Equity Savings Fund Direct Growth
The Exit load of PGIM India Equity Savings Fund Direct Growth is 0%