PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 23-12-2024
₹ 38.93
1D
Inception Returns
16.2%
/yr
About PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth is an equity fund. This fund was started on 11 December, 2015. The fund is managed by Bhupesh Kalyani, Vinay Paharia. The fund could potentially beat inflation in the long-run.
Key Parameters
- PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth has ₹770 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.8.
Returns
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth has given a CAGR return of 16.22% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.28%, 16.76% and 20.17% respectively.
Holdings
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Tech, Consumer Cyclical, Health, Consumer Defensive, Basic Materials, Energy, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Bajaj Finance Ltd, Tata Consultancy Services Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth
The primary objective of the Scheme is to generate long-term capital appreciation by predominantly investing in equity & equity related instruments and to enable eligible investors to avail deduction from total income, as permitted under the Income Tax Act, 1961 as amended from time to time.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth of 3 Years
Historical NAV & Returns
Annualised
▲
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1068 people have invested ₹ 26.2L in PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth in the last three months
INDmoney Rank for PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth
Powered by IND quant engine
18
/23
33% Performance
48% Risk Management
80% Cost
18 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
3Y returns in the bottom 25% of the category
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth Overview
| Expense ratio | 0.75% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹770 Cr |
| Inception Date | 11 December, 2015 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 72.51% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
59.1%
Mid cap
21.2%
Small cap
12.9%
Sector Allocation
Financial Services
29.6%
Industrial
14.4%
Tech
13.8%
Consumer Cyclical
10.3%
Health
9.7%
Consumer Defensive
6.2%
Basic Materials
6.2%
Energy
5.4%
Communication
3.3%
Real Estate
1%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 1.47% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 2.07% in Nov'24
- AUM of the fund stands at 769.5 Cr as of Nov'24
- AUM increased by 13.8 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Persistent Systems Ltd's allocation increased from 1.22% to 2.38%
Reliance Industries Ltd's allocation increased from 4.39% to 5.18%
Nestle India Ltd's allocation increased from 0.97% to 1.61%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 6.24 % to 6.16 %
Bajaj Finance Ltd's allocation decreased from 3.97 % to 3.72 %
Bharti Airtel Ltd's allocation decreased from 2.68 % to 2.66 %
Mid Cap allocation has gone up from 21% to 21.2%
Large Cap allocation has gone up from 58.1% to 59.1%
Small Cap allocation has gone down from 13.7% to 12.9%
Cash allocation has gone down from 5.4% to 4.8%
Debt allocation has gone down from 0% to 0%
Top 3 Sectors in November were Financial Services, Industrial & Tech
Nov'24
Financial Services
30%
Industrial
14%
Tech
14%
Oct'24
Financial Services
31%
Industrial
14%
Tech
14%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Dixon Technologies (India) Ltd | 22.7% |
 Zomato Ltd | 8.1% |
 HDFC Bank Ltd | 3% |
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Bhupesh Kalyani
Fund Manager of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth, since 1 April 2023
Top funds managed
Vinay Paharia
Fund Manager of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth, since 1 April 2023
Top funds managed
Fund House
PGIM India Asset Management Private Limited
Total Schemes
Total AUM
₹25.42K Cr
as on 29-Nov-2024
Address
PGIM India Asset Management Private Limited,Nirlon House, 2nd Floor,,Dr. Annie Besant Road,,Worli,
Phone
+912271584300
Website
mailmanager@karvy.com
Mutual Fund Insights
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 53% return, outperforming this fund by 32.71%.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.75% which is lower than the category average expense ratio of 1.28%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 30.66% return, outperforming this fund by 13.9% per annum.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.24% return, outperforming this fund by 12.07% per annum.
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.22% since inception which is more than its category average return of 15.66%
Fund Allocations
This fund has an allocation of 95.21% in Equity, 0% in Debt and 4.79% in Cash related instruments
AUM size ₹770 Cr
This fund has AUM of ₹770 Cr which is less than its category average of ₹ 3948 Cr
Expense Ratio 0.75%
This fund has an expense ratio of 0.75% which is less than its category average expense ratio of 1.45%
Frequently Asked Questions for PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth
The current NAV of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth is ₹38.93 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.91% | 3.91% |
6 Month Returns | 5.12% | 5.12% |
1 Year Returns | 20.28% | 20.28% |
3 Years Returns | 59.18% | 16.76% |
5 Years Returns | 150.58% | 20.17% |
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0.75% as on November 2024
₹770 Cr as on November 2024
HDFC Bank Ltd(7.25%), ICICI Bank Ltd(6.16%), Reliance Industries Ltd(5.18%), Bajaj Finance Ltd(3.72%), Tata Consultancy Services Ltd(2.96%) as on November 2024
Financial Services(28.21%), Industrial(13.68%), Tech(13.1%) as on November 2024
The alpha ratio for the PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth | -1.24 | 0.37 | 1.28 |
As on November 2024
The alpha for PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth | 0.85 | 0.86 | 0.93 |
As on November 2024
The Beta for PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth | 1.2 | 0.77 | 0.81 |
As on November 2024
The sharpe ratio for PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth | 12.05 | 12.27 | 18.2 |
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.32 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Bhupesh Kalyani, Vinay Paharia are the fund managers of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth
The Exit load of PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth is 0%