PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 21-11-2024
₹ 37.26
▲0.5%
1D
Inception Returns
15.9%
/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, Anandha Padmanabhan Anjeneyan. The fund could potentially beat inflation in the long-run.
Key Parameters
- PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth has ₹756 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth has given a CAGR return of 15.89% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.32%, 13.39% and 19.25% 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, Basic Materials, Consumer Defensive, Energy, Communication, Real Estate, Government. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Bajaj Finance Ltd, Infosys 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
▲
▼
1157 people have invested ₹ 28.2L 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
17
/23
27% Performance
45% Risk Management
61% Cost
17 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
Has not generated consistent returns
Does not beat the benchmark consistently
Underperforms benchmarks during bull run
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth Overview
| Expense ratio | 0.74% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹756 Cr |
| Inception Date | 11 December, 2015 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 72.51% |
| STCG | Redeeming 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 (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
58.1%
Mid cap
21%
Small cap
13.7%
Sector Allocation
Financial Services
30.8%
Industrial
14.3%
Tech
14%
Consumer Cyclical
10%
Health
8.9%
Basic Materials
6.5%
Consumer Defensive
6.5%
Energy
4.6%
Communication
3.4%
Real Estate
1%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -5.47% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 1.05% in Oct'24
- AUM of the fund stands at 755.7 Cr as of Oct'24
- AUM decreased by 43.1 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Infosys Ltd's allocation increased from 1% to 2.85%
Persistent Systems Ltd's allocation increased from 1.22% to 2.2%
Nestle India Ltd's allocation increased from 0.97% to 1.66%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 4.61 % to 4.39 %
Bajaj Finance Ltd's allocation decreased from 4.19 % to 3.97 %
Tata Consultancy Services Ltd's allocation decreased from 2.85 % to 2.8 %
Large Cap allocation has gone down from 59.1% to 58.1%
Small Cap allocation has gone down from 14.9% to 13.7%
Mid Cap allocation has gone down from 21.9% to 21%
Cash allocation has gone up from 4.1% to 5.4%
Debt allocation has gone down from 0.1% to 0%
Top 3 Sectors in October were Financial Services, Industrial & Consumer Cyclical
Oct'24
Financial Services
31%
Industrial
14%
Tech
14%
Sep'24
Financial Services
30%
Industrial
16%
Consumer Cyclical
11%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.14% | 0% | |
 ICICI Bank Ltd | 6.24% | 0% | |
 Reliance Industries Ltd | 4.39% | 0% | |
 Bajaj Finance Ltd | 3.97% | 0% | |
 Infosys Ltd | 2.85% | 188.2% |
See all
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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
Anandha Padmanabhan Anjeneyan
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
₹29.17K Cr
as on 31-Oct-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
Over the last 15 months, this fund has decreased expense ratio by 16.9% moving from 0.89 to 0.74.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.74% which is lower than the category average expense ratio of 1.29%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 31.42% return, outperforming this fund by 12.17% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 51.38% return, outperforming this fund by 30.06%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 24.69% return, outperforming this fund by 11.3% per annum.
Over the last 1 month, this fund has experienced a 5.4% drop in AUM moving from 798.77 Cr to 755.72 Cr.
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 15.89% since inception which is more than its category average return of 15.59%
Fund Allocations
This fund has an allocation of 94.61% in Equity, 0.03% in Debt and 5.36% in Cash related instruments
AUM size ₹756 Cr
This fund has AUM of ₹756 Cr which is less than its category average of ₹ 3983 Cr
Expense Ratio 0.74%
This fund has an expense ratio of 0.74% which is less than its category average expense ratio of 1.47%
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 ₹37.26 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
PGIM India ELSS Tax Saver Fund Dir Gr Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.56% | -3.56% |
6 Month Returns | 8.16% | 8.16% |
1 Year Returns | 21.32% | 21.32% |
3 Years Returns | 45.79% | 13.39% |
5 Years Returns | 141.16% | 19.25% |
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0.74% as on October 2024
₹756 Cr as on October 2024
HDFC Bank Ltd(7.14%), ICICI Bank Ltd(6.24%), Reliance Industries Ltd(4.39%), Bajaj Finance Ltd(3.97%), Infosys Ltd(2.85%) as on October 2024
Financial Services(29.11%), Industrial(13.54%), Tech(13.28%) as on October 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 | -3.14 | 0.59 | 0.58 |
As on October 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 | 0.89 | 0.84 | 0.93 |
As on October 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 | 1.5 | 0.72 | 0.79 |
As on October 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 | 12.96 | 12.32 | 18.23 |
As on October 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 1.22 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Bhupesh Kalyani, Vinay Paharia, Anandha Padmanabhan Anjeneyan 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%