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. As of March 2024, it has a total AUM of 23240.16 Crores.
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
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
PGIM India Liquid Fund | Debt | Low to Moderate | 7.5% | 5 | ₹374 |
PGIM India Dynamic Bond Fund | Debt | Moderate | 10.3% | 4 | ₹108 |
PGIM India Gilt Fund | Debt | Moderate | 10.1% | 4 | ₹116 |
PGIM India Corporate Bond Fund | Debt | Moderate | 8.3% | 4 | ₹96 |
PGIM India Low Duration Fund | Debt | Low to Moderate | 7.2% | 4 | ₹103 |
PGIM India Midcap Opportunities Fund | Equity | Very High | 23.6% | 3 | ₹11,700 |
PGIM India Flexi Cap Fund | Equity | Very High | 22.3% | 3 | ₹6,703 |
PGIM India Equity Savings Fund | Hybrid | Low to Moderate | 9.6% | 3 | ₹90 |
PGIM India Money Market Fund | Debt | Low to Moderate | 7.6% | 3 | ₹181 |
PGIM India Ultra Short Duration Fund | Debt | Low to Moderate | 7.5% | 3 | ₹233 |
PGIM India Banking & PSU Debt Fund | Debt | Moderate | 6.9% | 3 | ₹45 |
PGIM India Short Duration Fund | Debt | Low to Moderate | 6.8% | 3 | ₹27 |
PGIM India ELSS Tax Saver Fund | Equity | Very High | 21.1% | 2 | ₹798 |
PGIM India Balanced Advantage Fund | Hybrid | Very High | 17.5% | 2 | ₹1,111 |
PGIM India Arbitrage Fund | Hybrid | Low | 8.0% | 2 | ₹93 |
| View All |
| Mutual fund name | PGIM India Mutual Fund | ||||
| Asset management company name | PGIM India Asset Management | ||||
| AMC Setup Date | 13 May 2010 | ||||
| AMC Incorporation Date | 24 September 2008 | ||||
| Sponsor name | Prudential Financial | ||||
| Trustee organisation | DHFL Pramerica Trustees Private Ltd. | ||||
| Name of trustees | Dr. John Praveen | Mr. Srinath Sridharan | Mr. Kanakasabapathy Kumar | Mr. Rakesh Sood | Mr. Sivaraman Narayanaswami |
| MD and CEO | Mr. Ajit Menon | ||||
| CIO | Mr. Srinivas Rao Ravuri | ||||
| Compliance Officer | Mr. Sandeep Kamath | ||||
| Investor Service Officer | Mr. Murali Ramasubramanian |
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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.
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.
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.36% & 5.4%. 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 ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹374Cr |
| 1Y Returns | 7.5% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.8% & 6.87%. 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 | ₹108Cr |
| 1Y Returns | 10.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.53% & 6.83%. 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 | ₹116Cr |
| 1Y Returns | 10.1% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.29% & 6.83%. 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 | ₹96Cr |
| 1Y Returns | 8.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.27% & 2.06%. The PGIM India Low Duration Fund comes under the Debt category of PGIM India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for PGIM India Low Duration Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹103Cr |
| 1Y Returns | 7.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.82% & 29.92%. 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 | ₹11,700Cr |
| 1Y Returns | 23.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.1% & 22.02%. 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 | ₹6,703Cr |
| 1Y Returns | 22.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.76% & 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 | ₹90Cr |
| 1Y Returns | 9.6% |
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 | ₹181Cr |
| 1Y Returns | 7.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.41% & 5.88%. 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 | ₹233Cr |
| 1Y Returns | 7.5% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.07% & 7.45%. 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 | ₹45Cr |
| 1Y Returns | 6.9% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.93% & 4.81%. 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 | ₹27Cr |
| 1Y Returns | 6.8% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 13.36% & 19.23%. 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 | ₹798Cr |
| 1Y Returns | 21.1% |
Fund Performance: The PGIM India Balanced Advantage Fund comes under the Hybrid category of PGIM India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for PGIM India Balanced Advantage Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,111Cr |
| 1Y Returns | 17.5% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.47% & 5.65%. 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 | ₹93Cr |
| 1Y Returns | 8.0% |
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