Fund Details
PGIM India Equity Savings Fund Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 2.36% |
| NAV | ₹35.48 (25 Jan 2021) |
|---|---|
| Fund Started | 29 Jan 2004 |
| Fund Size | ₹40 Cr |
Returns
Comparison
1. Age is more than 10 years
2. Age is more than 10 years
3. 3Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
3. Risk is higher compared to the benchmark
4. Higher expense ratio
5. 1Y Returns are lower than the benchmark
6. 3Y Returns are lower than the benchmark
7. 5Y Returns are lower than the benchmark
8. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
9. Risk-adjusted returns are lower compared to the category
10. Higher expense ratio - 2.28%
11. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| PGIM India Insta Cash Fund Direct Plan-Growth | Financial | Mutual Fund | 10.1% |
| Vedanta Ltd. | Metals | Equity | 8.8% |
| Indusind Bank Ltd. | Financial | Equity | 8.1% |
| HDFC Bank Ltd. | Financial | Equity | 5.4% |
| Bharti Airtel Ltd. | Communication | Equity | 4.5% |
| State Bank of India | Financial | Equity | 3.3% |
| Reliance Industries Ltd. | Energy | Equity | 3.2% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.1% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | Equity | 2.3% |
| Infosys Ltd. | Technology | Equity | 1.6% |
Fund Managers
PGIM India Equity Savings Fund Growth Details
PGIM India Equity Savings Fund Growth is a Hybrid Mutual Fund Scheme launched by PGIM India Mutual Fund. This scheme was made available to investors on 29 Jan 2004. Abhisek Bahinipati, Alok Agarwal is the Current Fund Manager of PGIM India Equity Savings Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹40 Cr and the Latest NAV as of 25 Jan 2021 is ₹35.48.
The PGIM India Equity Savings Fund Growth is rated Moderately High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,0.5% will be charged for redemption within 90 days
Investment Objective
The scheme seeks to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
