PGIM India Midcap Opportunities Fund Direct Growth

PGIM India Midcap Opportunities Fund Direct Growth

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Equity
Direct
Mid-Cap
NAV: ₹ 60.74 as on 28-02-2024
Fund Performance
zero opening, trading, fund transfer fee
33309 people have invested ₹ 17.9Cr in PGIM India Midcap Opportunities Fund Direct Growth in the last three months

Mutual Fund Insights

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Over the last 15 months, this fund has increased expense ratio by 15.8% moving from 0.38 to 0.44.
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This fund has one of the lowest expense ratio in the category (mid-cap). Its expense ratio is 0.44% which is lower than the category average expense ratio of 1.18%.
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In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 65.63% return, outperforming this fund by 35.92%.
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In the last 3 years, Quant Mid Cap Fund Growth Option Direct Plan has given 40.26% return, outperforming this fund by 17.74% per annum.
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In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 33.91% return, outperforming this fund by 5.42% per annum.

INDmoney Rank of PGIM India Midcap Opportunities Fund Direct Growth

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8
/19
61% Performance
40% Risk Management
97% Cost
8 out of 19 among mid-cap

Pros

5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y

Cons

3Y returns in the bottom 25% of the category

About the PGIM India Midcap Opportunities Fund Direct Growth

PGIM India Midcap Opportunities Fund is a mutual fund scheme that focuses on investing in mid-sized companies with high growth potential. The fund invests heavily in mid-cap stocks such as IDFC First Bank, Bharat Forge and Ashok Leyland.

According to the investment objective and asset allocation, the fund mostly invests in midcap equities. The Fund Manager will choose equities securities on a stock-by-stock basis, taking into account price-to-earnings, price-to-book, and price-to-sales ratios, as well as growth, margins, asset returns, and cash flows, among other factors.

Stocks are chosen based on factors such as the company's historical and current financial condition, potential value creation/unlocking and its impact on earnings growth, capital structure, business prospects, policy environment, management strength among others.

Key Parameters

  1. PGIM India Midcap Opportunities Fund Direct Growth has ₹9962 Cr worth of assets under management (AUM) as on Jan 2024 and is more than category average.
  2. The fund has an expense ratio 0.4.

PGIM India Midcap Opportunities Fund Direct Growth Overview

Expense ratio
Expense ratio
0.44%
Benchmark
Benchmark
S&P BSE Midcap TR INR
AUM
AUM
₹9962 Cr
Inception Date
Inception Date
2 December, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0.5%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
82.67%

PGIM India Midcap Opportunities Fund Direct Growth Distribution as on (31-Jan-24)

  • Equity 97.2%

  • Debt & Cash 2.8%

Size breakup

Mid cap
66.8%
Large cap
20.9%
Small cap
9.5%
Sector Allocation

Jan'24

Dec'23

Nov'23

Consumer Cyclical
19.4%
Financial Services
19%
Industrial
18.1%
Basic Materials
11.8%
Health
11.8%
Tech
9.7%
Real Estate
4.6%
Consumer Defensive
2.4%
Utilities
2.1%
Communication
1.2%

Top Holdings of PGIM India Midcap Opportunities Fund Direct Growth as on (31-Jan-24)

  • Equity

  • Debt & Cash

Equity Holdings72
Debt Holdings1

PGIM India Midcap Opportunities Fund Direct Growth: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
0.35%
3.91%
7.91%
Nifty Midcap 150
4.14%
6.04%
9.75%
  • This fund’s returns stands at 0.35% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 4.14% as on Jan'24
  • This fund underperformed Nifty Midcap 150 by 3.79% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 10K Cr
₹ 10K Cr
₹ 9.8K Cr
  • AUM of the fund stands at 10K Cr as of Jan'24
  • AUM decreased by 81.2 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in PGIM India Midcap Opportunities Fund Direct Growth portfolio Returns for the month of Jan

PGIM India Midcap Opportunities Fund Direct Growth Fund Manager

Anandha Padmanabhan Anjeneyan
Anandha Padmanabhan Anjeneyan
Fund Manager of PGIM India Midcap Opportunities Fund Direct Growth, since 19 August 2023
Puneet Pal
Puneet Pal
Fund Manager of PGIM India Midcap Opportunities Fund Direct Growth, since 16 July 2022
Vinay Paharia
Vinay Paharia
Fund Manager of PGIM India Midcap Opportunities Fund Direct Growth, since 1 April 2023

PGIM India Midcap Opportunities Fund 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 19.43% since inception which is more than its category average return of 19.06%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.25% in Equity, 0% in Debt and 2.75% in Cash related instruments
AUM size ₹9962 Cr

AUM size ₹9962 Cr

This fund has AUM of ₹9962 Cr which is more than its category average of ₹ 7171 Cr
Expense Ratio 0.44%

Expense Ratio 0.44%

This fund has an expense ratio of 0.44% which is less than its category average expense ratio of 1.4%

Frequently Asked Questions

The current NAV of PGIM India Midcap Opportunities Fund Direct Growth is ₹60.74 as on 28-Feb-2024.
Existing (Absolute + CAGR) as on 28-Feb-2024.
PGIM India Midcap Opportunities Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.15%
4.15%
6 Month Returns
14.45%
14.45%
1 Year Returns
29.72%
29.72%
3 Years Returns
83.95%
22.53%
5 Years Returns
250.11%
28.48%
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0.44% as on January 2024
₹9962 Cr as on January 2024
Phoenix Mills Ltd(3.29%), Max Healthcare Institute Ltd Ordinary Shares(3.25%), Persistent Systems Ltd(2.56%), TVS Motor Co Ltd(2.51%), Cholamandalam Investment and Finance Co Ltd(2.46%) as on January 2024
Consumer Cyclical(18.87%), Financial Services(18.46%), Industrial(17.57%) as on January 2024
The alpha ratio for the PGIM India Midcap Opportunities Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
PGIM India Midcap Opportunities Fund Direct Growth
-10.55
-1.44
3.49
As on January 2024
The alpha for PGIM India Midcap Opportunities Fund Direct Growth is calculated against S&P BSE Midcap 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 Midcap Opportunities Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
PGIM India Midcap Opportunities Fund Direct Growth
0.71
0.85
0.9
As on January 2024
The Beta for PGIM India Midcap Opportunities Fund Direct Growth is calculated with S&P BSE Midcap 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 Midcap Opportunities Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
PGIM India Midcap Opportunities Fund Direct Growth
1.58
1.31
1.02
As on January 2024
The sharpe ratio for PGIM India Midcap Opportunities Fund Direct Growth is calculated with S&P BSE Midcap 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 Midcap Opportunities Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
PGIM India Midcap Opportunities Fund Direct Growth
10.67
14.69
21.15
As on January 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 2.99 as on January 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Anandha Padmanabhan Anjeneyan, Puneet Pal, Vinay Paharia are the fund managers of PGIM India Midcap Opportunities Fund Direct Growth
The Exit load of PGIM India Midcap Opportunities Fund Direct Growth is 0.5%