PGIM India Midcap Opportunities Fund Direct Growth

PGIM India Midcap Opportunities Fund Direct Growth

Equity

Direct

Mid-Cap

NAV as on 05-09-2024

₹ 74.56

0.2%

1D

Inception Returns

20.5%

/yr

About the Fund

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 ₹11268 Cr worth of assets under management (AUM) as on Jul 2024 and is more than category average.
  2. The fund has an expense ratio 0.5.

Returns

PGIM India Midcap Opportunities Fund Direct Growth has given a CAGR return of 20.54% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.28%, 18.00% and 34.68% respectively.

Holdings

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

Taxation

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.

Investment objective of PGIM India Midcap Opportunities Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
25548 people have invested ₹ 12.3Cr in PGIM India Midcap Opportunities Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
12
/19
35% Performance
43% Risk Management
89% Cost
12 out of 19 among mid-cap
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5Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y
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3Y returns in the bottom 25% of the category

Fund Overview

Expense ratio0.45%
Benchmark
S&P BSE Midcap TR INR
AUM₹11268 Cr
Inception Date2 December, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
71.06%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (05-Sep-24)

Period
PGIM India Midcap Opportunities Fund Direct Growth
Nifty Midcap 150
mid-cap
1M
3.5%
6%
2.8%
3M
18.6%
14.5%
20.1%
6M
21.7%
21.7%
23.9%
1Y
35.3%
45.5%
48.7%
3Y
18%
26.3%
24.6%
5Y
34.7%
31.2%
29.9%

Fund Distribution

as on (31-Jul-24)

  • Equity 95.7%

  • Debt & Cash 4.3%

Mid cap
64.9%

Large cap
18.5%

Small cap
11.5%

Sector Allocation

Jul'24

Jun'24

May'24

Industrial
19.5%
Consumer Cyclical
17.9%
Financial Services
17.3%
Tech
11.5%
Health
10.8%
Basic Materials
9.9%
Consumer Defensive
4.2%
Real Estate
3.4%
Communication
3%
Utilities
2.4%
All changes are between May'24 and Jul'24
Jul'24
Jun'24
May'24
Fund Returns
2.81%
10.25%
0.91%
Nifty Midcap 150
3.95%
4.74%
1.76%
  • This fund’s returns stands at 2.81% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 3.95% as on Jul'24
  • This fund underperformed Nifty Midcap 150 by 1.14% in Jul'24
Parameters
Jul'24
Jun'24
May'24
AUM
₹ 11.3K Cr
₹ 11.1K Cr
₹ 10.1K Cr
  • AUM of the fund stands at 11.3K Cr as of Jul'24
  • AUM increased by 216.5 Cr between Jul'24 and Jun'24
Top Stocks bought last month
ICICI Lombard General Insurance Co Ltd's allocation increased from 0.49% to 1.78%
ICICI Lombard General Insurance Co Ltd's allocation increased from 0.49% to 1.78%
Bharat Forge Ltd's allocation increased from 0.5% to 1.04%
Bharat Forge Ltd's allocation increased from 0.5% to 1.04%
Exide Industries Ltd's allocation increased from 0.51% to 0.93%
Exide Industries Ltd's allocation increased from 0.51% to 0.93%
Top Stocks sold last month
Dixon Technologies (India) Ltd's allocation decreased from 5.26 % to 3.13 %
Dixon Technologies (India) Ltd's allocation decreased from 5.26 % to 3.13 %
Max Healthcare Institute Ltd Ordinary Shares's allocation decreased from 3 % to 2.89 %
Max Healthcare Institute Ltd Ordinary Shares's allocation decreased from 3 % to 2.89 %
UNO Minda Ltd's allocation decreased from 2.95 % to 2.75 %
UNO Minda Ltd's allocation decreased from 2.95 % to 2.75 %
Mid Cap allocation has gone down from 67.2% to 67.1%
Mid Cap allocation has gone down from 67.2% to 67.1%
Large Cap allocation has gone down from 20.3% to 19.6%
Large Cap allocation has gone down from 20.3% to 19.6%
Cash allocation has gone up from 2.3% to 4.3%
Cash allocation has gone up from 2.3% to 4.3%

Top 3 Sectors in July were Industrial, Financial Services & Consumer Cyclical

Jul'24
Industrial
20%
Consumer Cyclical
18%
Financial Services
17%
Jun'24
Industrial
21%
Financial Services
19%
Consumer Cyclical
17%
Fund
Jul'24
May'24
No of Holdings
78
81
Top 5 Company Concentration
13.7%
14.5%
Company having highest exposure
Dixon Technologies (India) Ltd (3.1%)
Dixon Technologies (India) Ltd (3.4%)
No of Sectors
11
11
Top 5 Sectors Concentration
77.1%
82.1%
Sector having highest exposure
Industrial (19.5%)
Industrial (22.5%)
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Vinay Paharia
Vinay Paharia
Fund Manager of PGIM India Midcap Opportunities Fund Direct Growth, since 1 April 2023
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
Fund House
PGIM India Asset Management Private Limited
Total Schemes
Total AUM
₹9.07K Cr
as on 31-Jul-2024
Address
PGIM India Asset Management Private Limited,Nirlon House, 2nd Floor,,Dr. Annie Besant Road,,Worli,
Phone
+912271584300
Website
mailmanager@karvy.com

Mutual Fund Insights

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In the last 1 year, Motilal Oswal Midcap Direct Growth has given 63.3% return, outperforming this fund by 28.02%.
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In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 39.59% return, outperforming this fund by 4.91% per annum.
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Over the last 6 months, this fund has increased expense ratio by 7.1% moving from 0.42 to 0.45.
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In the last 3 years, Motilal Oswal Midcap Direct Growth has given 38.76% return, outperforming this fund by 20.76% per annum.
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This fund has one of the lowest expense ratio in the category (mid-cap). Its expense ratio is 0.45% which is lower than the category average expense ratio of 1.13%.

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 20.54% since inception which is less than its category average return of 20.64%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.66% in Equity, 0% in Debt and 4.34% in Cash related instruments
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is more than its category average of ₹ 9344 Cr
Expense Ratio 0.45%

Expense Ratio 0.45%

This fund has an expense ratio of 0.45% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of PGIM India Midcap Opportunities Fund Direct Growth is ₹74.56 as on 05-Sep-2024.
Existing (Absolute + CAGR) as on 05-Sep-2024.
PGIM India Midcap Opportunities Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.53%
3.53%
6 Month Returns
21.7%
21.7%
1 Year Returns
35.28%
35.28%
3 Years Returns
64.31%
18%
5 Years Returns
343.14%
34.68%
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0.45% as on August 2024
₹11268 Cr as on August 2024
Dixon Technologies (India) Ltd(3.13%), Max Healthcare Institute Ltd Ordinary Shares(2.89%), UNO Minda Ltd(2.75%), Persistent Systems Ltd(2.62%), Phoenix Mills Ltd(2.35%) as on August 2024
Industrial(18.69%), Consumer Cyclical(17.17%), Financial Services(16.59%) as on August 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
-1.72
-4.12
4.6
As on August 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
0.74
0.8
0.88
As on August 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
1.97
0.91
1.32
As on August 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
12.28
13.45
20.18
As on August 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 1.87 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Vinay Paharia, Anandha Padmanabhan Anjeneyan, Puneet Pal 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%