Name: PGIM India Credit Risk Fund Direct Growth
Brand: PGIM India Mutual Fund

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PGIM India Credit Risk Fund Direct Growth
Debt
Credit Risk
Moderate Risk
4.61%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 21 Oct 2021₹16.68
Min. SIP amount₹1,000
Rating2star
Fund size₹44.82 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Credit Risk
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns12.2%4.6%5.6%7.5%
Category average7.9%1.7%3.6%NA
Rank with in category5109NA
Understand termsinfo
Holdings (12)NameSectorInstrumentAssets
REC Ltd.
FinancialBonds10.4%
Small Industries Devp. Bank of India Ltd.
FinancialBonds/NCD9.1%
JM Financial Credit Solutions Ltd.
FinancialDebenture9.0%
Indostar Capital Finance Ltd.
FinancialDebenture9.0%
Axis Bank Ltd.
FinancialCD8.7%
Power Finance Corporation Ltd.
FinancialNCD6.9%
Sikka Ports and Terminals Ltd.
EnergyDebenture6.8%
Hindalco Industries Ltd.
MetalsBonds/NCD5.8%
Housing Development Finance Corpn. Ltd.
FinancialNCD4.6%
Hindalco Industries Ltd.
MetalsBonds/NCD3.4%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and consinfo
Category: Debt Credit Risk
thumb_up_altPros
Consistently higher annualised returns than category average for the past 1Y, 3Y and 5Y
Lower expense ratio: 0.81%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
thumb_down_altCons
Lower AUM: 44Cr.
Funds with lower AUM tend to have higher expense ratio
Low rating: 2
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
30 Sep 2021 - Present
0.81%
31 Aug 2021 - 30 Sep 2021
0.83%
31 Jul 2021 - 31 Aug 2021
0.83%
30 Jun 2021 - 31 Jul 2021
0.59%
31 May 2021 - 30 Jun 2021
0.59%
30 Apr 2021 - 31 May 2021
0.59%
31 Mar 2021 - 30 Apr 2021
0.61%
28 Feb 2021 - 31 Mar 2021
0.61%
31 Jan 2021 - 28 Feb 2021
0.61%
31 Dec 2020 - 31 Jan 2021
0.61%
30 Nov 2020 - 31 Dec 2020
0.63%
31 Oct 2020 - 30 Nov 2020
0.63%
30 Sep 2020 - 31 Oct 2020
0.64%
31 Aug 2020 - 30 Sep 2020
0.64%
31 Jul 2020 - 31 Aug 2020
0.64%
30 Jun 2020 - 31 Jul 2020
0.66%
31 May 2020 - 30 Jun 2020
0.66%
30 Apr 2020 - 31 May 2020
0.69%
31 Mar 2020 - 30 Apr 2020
0.70%
29 Feb 2020 - 31 Mar 2020
0.70%
31 Jan 2020 - 29 Feb 2020
0.70%
31 Dec 2019 - 31 Jan 2020
0.76%
30 Nov 2019 - 31 Dec 2019
0.76%
31 Oct 2019 - 30 Nov 2019
0.79%
30 Sep 2019 - 31 Oct 2019
0.79%
31 Aug 2019 - 30 Sep 2019
0.79%
31 Jul 2019 - 31 Aug 2019
0.79%
30 Jun 2019 - 31 Jul 2019
0.79%
31 May 2019 - 30 Jun 2019
0.79%
30 Apr 2019 - 31 May 2019
0.78%
31 Mar 2019 - 30 Apr 2019
0.78%
28 Feb 2019 - 31 Mar 2019
0.78%
31 Jan 2019 - 28 Feb 2019
0.83%
31 Dec 2018 - 31 Jan 2019
0.93%
30 Nov 2018 - 31 Dec 2018
0.93%
31 Oct 2018 - 30 Nov 2018
0.92%
30 Sep 2018 - 31 Oct 2018
0.92%
31 Aug 2018 - 30 Sep 2018
0.93%
31 Jul 2018 - 31 Aug 2018
0.92%
30 Jun 2018 - 31 Jul 2018
0.98%
31 May 2018 - 30 Jun 2018
0.84%
30 Apr 2018 - 31 May 2018
0.83%
31 Mar 2018 - 30 Apr 2018
0.83%
28 Feb 2018 - 31 Mar 2018
0.78%
31 Jan 2018 - 28 Feb 2018
0.78%
31 Dec 2017 - 31 Jan 2018
0.78%
30 Nov 2017 - 31 Dec 2017
0.78%
31 Oct 2017 - 30 Nov 2017
0.78%
Expense ratio, exit load and taxExpense ratio: 0.81%Inclusive of GST
Exit loadFor units more than 10% of the investments, an exit load of 1% if redeemed within one year.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand termsinfo
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementKumaresh Ramakrishnan
Mar 2016 - Present
View details
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Education
Mr. Ramakrishnan is a B.E from Mumbai University and MBA from NMIMS (Mumbai).
Experience
Prior to joining PGIM India Mutual Fund he has worked with DWS AMC, Societe Generale and CARE.
Also manages these schemes
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Viral Shah
Dec 2019 - Present
View details
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Education
Mr. Shah has done Chartered Accountant, PGDM -Finance, SPJIMR.
Experience
Prior to joining PGIM India Mutual Fund, he has worked with HDFC Asset Management Company Limited - Credit Analyst, Senior Credit Analyst - ICRA Limited, Associate Consultant - KPMG India Private Limited.
Also manages these schemes
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Fund house & investment objective
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PGIM India Mutual Fund
Rank (total assets)#26 in India
Total AUM6,924.71 Cr
Date of Incorporation13 May 2010
PGIM India Credit Risk Fund Direct Growth is a Debt Mutual Fund Scheme launched by PGIM India Mutual Fund. This scheme was made available to investors
PGIM India Credit Risk Fund Direct Growth is a Debt Mutual Fund Scheme launched by PGIM India Mutual Fund. This scheme was made available to investors on 13 May 2010. Kumaresh Ramakrishnan is the Current Fund Manager of PGIM India Credit Risk Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹6,925 Cr and the Latest NAV as of 21 Oct 2021 is ₹16.68.
The PGIM India Credit Risk Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. For units more than 10% of the investments, an exit load of 1% if redeemed within one year....Read more
Investment Objective
The Scheme seek to generate income and capital appreciation by investing predominantly in AA and below rated corporate debt (excluding AA+ rated corpo
The Scheme seek to generate income and capital appreciation by investing predominantly in AA and below rated corporate debt (excluding AA+ rated corporate bonds).
...Read more
Fund benchmarkNIFTY Credit Risk Bond Index
descriptionScheme Information Document(SID)
Fund house contact details
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Address
Nirlon House, 2nd Floor, Dr. Annie Besant Road, Worli, Mumbai - 400 030
Phone
022-61593000
Launch Date
13 May 2010
E-mail
[email protected]
Website
NA
PGIM India Mutual Fund
Asset Management Company
Custodian
Standard Chartered Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
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	1Y	3Y	5Y	All
Fund returns	12.2%	4.6%	5.6%	7.5%
Category average	7.9%	1.7%	3.6%	NA
Rank with in category	5	10	9	NA

Name	Sector	Instrument	Assets
REC Ltd.	Financial	Bonds	10.4%
Small Industries Devp. Bank of India Ltd.	Financial	Bonds/NCD	9.1%
JM Financial Credit Solutions Ltd.	Financial	Debenture	9.0%
Indostar Capital Finance Ltd.	Financial	Debenture	9.0%
Axis Bank Ltd.	Financial	CD	8.7%
Power Finance Corporation Ltd.	Financial	NCD	6.9%
Sikka Ports and Terminals Ltd.	Energy	Debenture	6.8%
Hindalco Industries Ltd.	Metals	Bonds/NCD	5.8%
Housing Development Finance Corpn. Ltd.	Financial	NCD	4.6%
Hindalco Industries Ltd.	Metals	Bonds/NCD	3.4%

Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	2
Fund size	₹44.82 Cr