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PGIM India Mutual Fund

PGIM India Mutual Fund (earlier known as DHFL Pramerica Mutual Fund) is a fully owned business of PGIM, the global investment management business of the US based Prudential Financial, Inc. (PFI). With its operations present in the US, Asia, Europe and Latin America, PFI has provided customers an array of products and services, which includes services like life insurance, annuities, mutual funds, investment management and retirement-related services.

PGIM is the global investment management business of PFI. PFI , short for Prudential Financial Inc, is one of the top 10 investment managers with over USD 1.4 trillion in asset under management (AUM). PGIM operates across 16 countries and has 38 offices with over 1,300+ investment professionals. Moreover, it offers a wide range of actively managed asset classes and investment styles including Equities, Fixed Income and Real Estate.

Offerings

PGIM India Asset Management is a full-service investment manager that offers a broad range of equity and fixed income solutions to retail and institutional investors throughout the country across equity, debt and hybrid categories along with international fund of fund schemes. It manages 19 open-ended funds operated by 18 investment professionals. In addition to managing its investors assets through domestic Mutual Funds, they also extend to offer Offshore Funds and Portfolio Management Services. The fund house leverages PGIM’s 140-year legacy through the use of the strength and stability to build on its decade long history in India.

Some key highlights

  • PGIM has a network of 27 cities
  • Tie up with more than 8000 distributor
  • Strong institutional relationship of over 1500 connections
  • 4 of PGIM’s portfolios have been rated AAAmfs by ICRA
  • To come up with a tax-efficient portfolio for its investors, PGIM has created differentiated asset allocation solutions

List of undefined in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
PGIM India Midcap Opportunities FundEquityVery High14.7%5₹6,023
PGIM India Flexi Cap FundEquityVery High1.7%5₹4,761
PGIM India ELSS Tax Saver FundEquityVery High10.4%4₹398
PGIM India Corporate Bond FundDebtLow to Moderate3.6%4₹64
PGIM India Banking & PSU Debt FundDebtLow to Moderate3.4%4₹69
PGIM India Dynamic Bond FundDebtLow to Moderate3.4%4₹134
PGIM India Liquid FundDebtLow to Moderate3.9%4₹618
PGIM India Equity Savings FundHybridLow to Moderate5.3%3₹175
PGIM India Gilt FundDebtLow to Moderate3.2%3₹151
PGIM India Money Market FundDebtLow to Moderate4.1%3₹51
PGIM India Large Cap FundEquityVery High2.2%2₹387
PGIM India Short Duration FundDebtLow to Moderate3.2%2₹26
PGIM India Ultra Short Duration FundDebtLow to Moderate3.9%2₹491
PGIM India Arbitrage FundHybridLow3.7%2₹146
PGIM India Credit Risk FundDebtLow to Moderate9.6%2₹39
View All

Key information about PGIM India Asset Management

Mutual fund namePGIM India Mutual Fund
Asset management company namePGIM India Asset Management
AMC Setup Date13 May 2010
AMC Incorporation Date24 September 2008
Sponsor namePrudential Financial
Trustee organisationDHFL Pramerica Trustees Private Ltd.
Name of trusteesDr. John PraveenMr. Srinath SridharanMr. Kanakasabapathy KumarMr. Rakesh SoodMr. Sivaraman Narayanaswami
MD and CEOMr. Ajit Menon
CIOMr. Srinivas Rao Ravuri
Compliance OfficerMr. Sandeep Kamath
Investor Service OfficerMr. Murali Ramasubramanian

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How can you invest in ?

Follow the few simple steps mentioned below to invest in PGIM India Mutual Fund online:

Step 1. Register to create a Groww account; log-in if you already have one.

Step 2. Upload your photo identity proof documents (PAN, Voter ID, Aadhaar, Passport, Driving Licence, Central or State Government ID card, etc.).

Step 3. Upload your address proof documents (any identity proof documents with your permanent address, etc.).

Step 4. Choose your preferred investment period.

Step 5. Choose your preferred risk - low, mid, or high.

Step 6. Select the preferred PGIM India Mutual Fund you want to invest in.

Step 7. Click on “Invest One Time” if you want to invest a lump sum amount or “Start SIP” if you want to invest via SIP.

Your Groww account will reflect the PGIM India Mutual Fund in India you have invested in within 3 to 4 working days.

Top Fund Managers

1. Mr. Aniruddha Naha

Mr. Aniruddha Naha is B.Com graduate and also holds a Master of Finance and Control (MFC) from the Delhi University.

He began his career as a Fund Manager in DSP Blackrock Mutual Fund in 2004. In 2010, he joined Mirae Asset as the Vice President & Portfolio Manager. He became the Head of Offshore Advisory of the same company in 2012. A year later, he joined IDFC Asset Management Company Ltd. as a Fund Manager. He moved to Avendus as Director of Equities in 2016.

Mr. Aniruddha Naha became the Senior Fund Manager of PGIM India Mutual Fund in 2018. He manages an AuM of Rs. 243 Crore in 6 schemes like PGIM India Diversified Equity Fund, PGIM India Midcap Opportunities Fund, PGIM India Midcap Opportunities Fund, etc.

2. Mr. Alok Agarwal

Mr. Alok Agarwal is a B.Com from St. Xavier's College, Kolkata and an M.Com from Annamalai University. He also holds an MS in Finance degree from the Institute of Chartered Financial Analysts of India (ICFAI). Mr. Agarwal is a Chartered Accountant and Chartered Financial Analyst.

He joined K.R. Choksey Shares and Securities Private Ltd. as the Head of PMS and Fund Manager of Equities in 2008. In 2010, he became the Fund Manager at Deutsche Asset Management.

Mr. Agarwal became the Senior Fund Manager of Equities at PGIM India Asset Managers Pvt. Ltd. in 2016. He manages an AuM of Rs. 680 Crore invested in 30 schemes like PGIM India Large Cap Fund, PGIM India Global Equity Opportunities Fund, PGIM India Global Equity Opportunities Fund, PGIM India Euro Equity Fund, PGIM India Hybrid Debt Fund, PGIM India Equity Savings Fund, etc.

3. Mr. Utkarsh Katkoria

Mr. Utkarsh Katkoria holds an MBA degree in Finance from the Cass Business School in London.

He joined JM Financial as an Investment Banking Analyst in 2005. In 2001, he became the Equity Research of Treasury at Reliance. He joined Deutsche Asset Management in 2014 as an Equity Research Analyst.

Mr. Katkoria joined PGIM India Mutual Fund in 2016. He currently manages an AuM of Rs. 217 Crore invested in 9 schemes of PGIM India Arbitrage Fund.

4. Mr. Kumaresh Ramakrishnan

Mr. Kumaresh Ramakrishnan holds a BE degree from the University of Mumbai and an MBA degree from the Narsee Monjee Institute of Management Studies (NMIMS).

He served as a Senior Rating Analyst at CARE Ratings in 1996. In 2000, he joined Societe Generale as a Senior Credit Analyst. Mr. Ramakrishnan moved to Deutsche Asset Management (India) Private Ltd. in 2005 as a Credit Risk Analyst. He became the Fund Manager and Head of Fixed Income at the same company in 2007.

He joined PGIM India Asset Managers Private Ltd. in 2016 as a Fund Manager and Head of Fixed Income. Mr. Ramakrishnan manages and an AuM of Rs. 3,986 Crore invested in 82 schemes like PGIM India Ultra Short Term Fund, PGIM India Premier Bond, PGIM India Insta Cash Fund, PGIM India Credit Risk Fund, PGIM India Short Maturity Fund, PGIM India Low Duration Fund, PGIM India Hybrid Debt Fund, PGIM India Hybrid Equity Fund, PGIM India Equity Savings Fund, PGIM India Arbitrage Fund, etc.

5. Mr. Rakesh Suri

Mr. Rakesh Suri holds a B.Sc and B.Ed degree from the Maharshi Dayanand Sarswati University. He is also a PGDBM in Finance from the Guru Nanak Institute of Management.

He initially served as a Debt Manager at RR Financial Ltd. in 1998. In 2002, he joined SREI International Securities Ltd. as a Dealer of Fixed Income. The same year, he moved to Derivium Capital Private Ltd. as a Senior Trader of Fixed Income. In 2005, he joined ICICI Bank Ltd. as a Senior Manager of Treasury. Later, he served as the Fixed Income Trader at Samba Financial Group in 2008. He joined Deutsche Asset Management (India) Private Ltd. as a Fixed Income Trader in 2010. A year later, he became the Fund Manager of Fixed Income of the same firm.

Mr. Rakesh Suri is currently a Fund Manager at PGIM India Mutual Fund since 2016. He manages schemes like the PGIM India Floating Rate Fund, PGIM India Premier Bond Fund, PGIM India Hybrid Fixed Term Fund, PGIM India Fixed Duration Fund, PGIM India Dual Advantage Fund, etc.

6. Mr. Puneet Pal

Mr. Puneet Pal holds an MBA in Finance from the Symbiosis Institute of Business Management.

He was earlier the Fund Manager at Tata Mutual Fund in 2006. From there, he became the Senior Vice President and Fund Manager of UTI Mutual Fund in 2008. In 2012, he joined BNP Paribas Mutual Fund as the Head of Fixed Income.

Mr. Puneet Pal joined PGIM India Asset Managers Private Ltd. in 2017 as the Director of Fixed Income. He manages an AuM of Rs. 360 Crore invested in 22 schemes like PGIM India Dynamic Bond, PGIM India Gilt Fund, PGIM India Banking & PSU Debt Fund, PGIM India Short Maturity Fund, etc.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

PGIM India Midcap Opportunities Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 41.6% & 21.43%. The PGIM India Midcap Opportunities Fund comes under the Equity category of PGIM India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for PGIM India Midcap Opportunities Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹6,023Cr
1Y Returns14.7%

PGIM India Flexi Cap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 27.66% & 17.33%. The PGIM India Flexi Cap Fund comes under the Equity category of PGIM India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for PGIM India Flexi Cap Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹4,761Cr
1Y Returns1.7%

PGIM India ELSS Tax Saver Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 21.4% & 14.72%. The PGIM India ELSS Tax Saver Fund comes under the Equity category of PGIM India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for PGIM India ELSS Tax Saver Fund is ₹500 and for SIP, it is ₹500.

Min Investment Amt₹500
AUM₹398Cr
1Y Returns10.4%

PGIM India Corporate Bond Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.75% & 6.72%. The PGIM India Corporate Bond Fund comes under the Debt category of PGIM India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for PGIM India Corporate Bond Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹64Cr
1Y Returns3.6%

PGIM India Banking & PSU Debt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.56% & 7%. The PGIM India Banking & PSU Debt Fund comes under the Debt category of PGIM India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for PGIM India Banking & PSU Debt Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹69Cr
1Y Returns3.4%

PGIM India Dynamic Bond Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.82% & 6.66%. The PGIM India Dynamic Bond Fund comes under the Debt category of PGIM India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for PGIM India Dynamic Bond Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹134Cr
1Y Returns3.4%

PGIM India Liquid Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.17% & 5.41%. The PGIM India Liquid Fund comes under the Debt category of PGIM India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for PGIM India Liquid Fund is ₹100 and for SIP, it is ₹1,000.

Min Investment Amt₹100
AUM₹618Cr
1Y Returns3.9%

PGIM India Equity Savings Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.21% & 8.27%. The PGIM India Equity Savings Fund comes under the Hybrid category of PGIM India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for PGIM India Equity Savings Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹175Cr
1Y Returns5.3%

PGIM India Gilt Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.42% & 6.45%. The PGIM India Gilt Fund comes under the Debt category of PGIM India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for PGIM India Gilt Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹151Cr
1Y Returns3.2%

PGIM India Money Market Fund Direct Growth

Fund Performance: The PGIM India Money Market Fund comes under the Debt category of PGIM India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for PGIM India Money Market Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹51Cr
1Y Returns4.1%

PGIM India Large Cap Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.83% & 11.17%. The PGIM India Large Cap Fund comes under the Equity category of PGIM India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for PGIM India Large Cap Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹387Cr
1Y Returns2.2%

PGIM India Short Duration Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.36% & 4.5%. The PGIM India Short Duration Fund comes under the Debt category of PGIM India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for PGIM India Short Duration Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹26Cr
1Y Returns3.2%

PGIM India Ultra Short Duration Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.15% & 7.31%. The PGIM India Ultra Short Duration Fund comes under the Debt category of PGIM India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for PGIM India Ultra Short Duration Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹491Cr
1Y Returns3.9%

PGIM India Arbitrage Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.41% & 5.18%. The PGIM India Arbitrage Fund comes under the Hybrid category of PGIM India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for PGIM India Arbitrage Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹146Cr
1Y Returns3.7%

PGIM India Credit Risk Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.08% & 5.31%. The PGIM India Credit Risk Fund comes under the Debt category of PGIM India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for PGIM India Credit Risk Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹39Cr
1Y Returns9.6%

FAQs on PGIM India Mutual Fund

How to Start PGIM India Mutual Fund SIP Online?

One can start investing in PGIM India Mutual Fund online through Groww without any hassles. Alternatively, they can also invest through the respective fund houses’ website. One can also make use of any other online platform or mobile application to invest in PGIM India Mutual Funds.

How to Calculate PGIM India Mutual Fund SIP?

To calculate PGIM India Mutual Fund SIP, one needs to take into account certain things such as:

  1. the investment amount
  2. the tenure of SIP
  3. the number of your PGIM India Mutual Fund SIPs (if there's any) already paid
  4. expected interest rate

How to redeem PGIM India Mutual Fund?

To redeem PGIM India Mutual Funds through offline mode, one can visit the nearest fund house and submit a form. Alternatively, an investor can also visit the official website and redeem the investment by signing in with the folio number. They can also withdraw their PGIM India Mutual Fund investments from any online portal where they have invested.

How to increase SIP amount in axis mutual fund?

An PGIM India Mutual Fund sip amount can be increased with the help of Step-up or top-up SIPs. Earlier, this facility was provided by very few fund houses. Now, however, most of them offer it but it is advisable to check with the fund house first. If the facility is available, it is advisable to check with Step-up Calculator to calculate the SIP Amount and then take any decision.

How to stop a SIP in an PGIM India Mutual Fund online?

Yes, you can stop your SIP online at any time by just placing a Cancel SIP request. To stop or cancel your SIP, you can either log in to the PGIM India Mutual Funds website with a folio number or contact your agent or check the steps on the online investment platform where you have invested.

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