PGIM India Large and Mid Cap Fund Direct Growth

PGIM India Large and Mid Cap Fund Direct Growth is an equity fund. This fund was started on 12 February, 2024. The fund is managed by Vinay Paharia, Anandha Padmanabhan Anjeneyan, Puneet Pal. The fund could potentially beat inflation in the long-run.

1. PGIM India Large and Mid Cap Fund Direct Growth has ₹649 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
2. The fund has an expense ratio 0.6.
   

PGIM India Large and Mid Cap Fund Direct Growth has given a CAGR return of 17.92% since inception. Over the last 1 year the fund has given a CAGR return of 15.62%.

PGIM India Large and Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Health, Tech, Basic Materials, Communication, Energy, Consumer Defensive, Utilities, Real Estate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Reliance Industries Ltd, Bharti Airtel Ltd, Tata Consultancy Services Ltd

As it is a large & mid-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the Scheme is to seek long term capital growth through investments in equity and equity related securities of predominantly large cap and mid cap stocks. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/ indicate any returns.

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