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.

1. PGIM India Midcap Opportunities Fund Direct Growth has ₹11052 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
2. The fund has an expense ratio 0.4.
   

PGIM India Midcap Opportunities Fund Direct Growth has given a CAGR return of 20.27% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 33.66%, 19.23% and 32.55% respectively.

PGIM India Midcap Opportunities Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Consumer Cyclical, Health, Tech, Basic Materials, Government, Real Estate, Consumer Defensive, Communication, Utilities. Its top holdings are Dixon Technologies (India) Ltd, Max Healthcare Institute Ltd Ordinary Shares, UNO Minda Ltd, Timken India Ltd, Cholamandalam Investment and Finance Co Ltd

As it is a mid-cap mutual fund the taxation is as follows:
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
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

The primary objective of the Scheme is to achieve long-term capital appreciation by predominantly investing in equity & equity related instruments of mid cap companies.

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