PGIM India Equity Savings Fund Direct Growth
Hybrid
Direct
Equity Savings
NAV as on 22-11-2024
₹ 53.21
Inception Returns
9.1%
/yr
About PGIM India Equity Savings Fund Direct Growth
PGIM India Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Vinay Paharia, Puneet Pal, Hitash Dang, A. Anandha Padmanabhan. This fund gives you the benefit of diversification.
Key Parameters
- PGIM India Equity Savings Fund Direct Growth has ₹90 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.5.
Returns
PGIM India Equity Savings Fund Direct Growth has given a CAGR return of 9.07% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.64%, 6.76% and 8.22% respectively.
Holdings
PGIM India Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Basic Materials, Financial Services, Government, Energy, Industrial, Consumer Cyclical, Consumer Defensive, Tech, Communication, Health.
Taxation
As it is a equity savings mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments: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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of PGIM India Equity Savings Fund Direct Growth
The investment objective of the scheme is 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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. PGIM India Equity Savings Fund Direct Growth has no lock in period.
Historical NAV & Returns
PGIM India Equity Savings Fund Direct Growth Overview
| Expense ratio | 0.49% |
Benchmark | NIFTY Equity Savings TR INR |
| AUM | ₹90 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 48.16% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Low to Moderate Risk |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
- AUM of the fund stands at 89.5 Cr as of Oct'24
- AUM decreased by 0.7 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Basic Materials, Financial Services & Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.83% | 0% | |
 Bajaj Finance Ltd | 7.29% | 0% | |
 JSW Steel Ltd | 6.98% | 0% | |
 Reliance Industries Ltd | 6.46% | 5.7% | |
 Ambuja Cements Ltd | 6.42% | 0% |
Mutual Fund Insights
PGIM India Equity Savings Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
Fund Allocations
AUM size ₹90 Cr
Expense Ratio 0.49%
Frequently Asked Questions for PGIM India Equity Savings Fund Direct Growth
PGIM India Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.23% | -0.23% |
6 Month Returns | 4.06% | 4.06% |
1 Year Returns | 9.64% | 9.64% |
3 Years Returns | 21.67% | 6.76% |
5 Years Returns | 48.41% | 8.22% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |