PGIM is PFI’s global investment management business with USD 1.4 trillion in assets under management. PGIM offers a broad range of investment capabilities through its multi-manager model with experienced investment teams focused on specific asset classes and investment approaches. It operates in 17 Countries, has over 1,300 investment professionals, and is the 8th largest U.S.-defined contribution manager. Currently, it serves 1,600+ third-party clients.
Currently, it manages 24 open-ended funds operated by 20 investment professionals. The schemes include 8 Equity Funds, 4 Hybrid Funds, 3 Fund Of Funds, 1 Solution Oriented, and 8 Fixed Income funds. PGIM India Asset Management actively manages investors' assets through investment expertise in domestic mutual funds, portfolio management services (PMS), alternative investment funds (AIF) and offshore advisory services. PGIM India Mutual Fund has a presence in 29 cities across the country.
PGIM, the investment management business of the US-based Prudential Financial, Inc. (PFI), established PGIM Asset Management Business in Mumbai, India, in 2010. PFI has provided customers with various products and services, including life insurance, mutual funds, annuities, retirement-related services, and investment management. PGIM India Trustees Private Limited is the trustee of PGIM India Mutual Fund.
Key Information About PGIM India Mutual Fund
How to Invest in the PGIM India Mutual Fund
Investing in the best PGIM India Mutual Funds can be a complex process. To make it easier, here is a step-by-step guide:
1. Choose Your Mutual Fund Type
According to your risk tolerance (low, mid, or high) and financial goals, choose your mutual types, such as equity, debt, hybrid, index, and sector funds.
2. Select a Mutual Fund Scheme
After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred PGIM India Mutual Fund.
3. Login or Open a Demat Account
Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.
4. Complete KYC (Know Your Customer) Requirements
The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the instructions in the app to complete this step smoothly.
5. Select Investment Mode (SIP or lumpsum)
If you prefer regular, disciplined investing, you can set-up a systematic investment plan (SIP), which is periodic (monthly, quarterly, etc.). Alternatively, if you have a large amount to invest, you can make a lump-sum investment. Select the investment period of your choice.
6. Confirm and Track Your Investment
After setting up your investment, sit back and watch your money grow. The Stack Wealth app will provide regular updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.
List of Best PGIM India Mutual Funds in India
Here is the list of some of the best PGIM India Mutual Funds in India:
* All data as of 31 Jan 2025
Detailed Overview of PGIM India Mutual Fund Schemes
Now, let’s discuss these 10 PGIM India Mutual Fund schemes in detail:
1. PGIM India Midcap Opportunities Fund - Direct Plan-Growth
PGIM India Midcap Opportunities Fund is an open-ended equity scheme in equity & equity-related instruments of mid-cap companies to achieve long-term capital appreciation.
- Fund Performance: The fund's annualized returns over the past three and five years have been around 12.15% and 26.75%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹14,109.
- Minimum Investment Amount: The minimum lump sum for the PGIM India Midcap Opportunities Fund is ₹5,000, and for SIP, it is ₹1000.
2. PGIM India ELSS Tax Saver Fund - Direct Plan-Growth
PGIM India ELSS Tax Saver Fund is an open-ended equity-linked savings scheme predominantly investing in equity & equity-related instruments with a statutory lock-in of 3 years and tax benefit.
- Fund Performance: The fund's annualized returns over the past three and five years have been around 12.54% and 19.07%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹14,258.
- Minimum Investment Amount: The minimum lump sum for the PGIM India ELSS Tax Saver Fund is ₹500, and for SIP, it is ₹500.
3. PGIM India Overnight Fund - Direct Plan-Growth
PGIM India Overnight Fund is an open-ended debt scheme investing in overnight securities having a maturity of 1 business day. The Scheme aims to provide reasonable returns commensurate with low risk and high liquidity levels.
- Fund Performance: The fund's annualized returns over the past three and five years have been around 6.11% and 5.00%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹11,950.
- Minimum Investment Amount: The minimum lump sum for the PGIM India Overnight Fund is ₹5,000, and for SIP, it is ₹1000.
4. PGIM India Equity Savings Fund - Direct Plan-Growth
PGIM India Equity Savings Fund is an open-ended hybrid scheme that invests in equity, arbitrage, and debt to give investors capital appreciation and income distribution.
- Fund Performance: The fund's annualized returns over the past three and five years have been around 7.05% and 8.38%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,271.
- Minimum Investment Amount: The minimum lump sum for the PGIM India Equity Savings Fund is ₹5,000, and for SIP, it is ₹1000.
5. PGIM India Gilt Fund - Direct Plan-Growth
PGIM India Gilt Fund is an open-ended debt scheme investing in various maturities in central/state government securities. It has a relatively high interest rate and a low credit risk scheme.
- Fund Performance: The fund's annualized returns over the past three and five years have been around 7.05% and 7.01%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,271.
- Minimum Investment Amount: The minimum lump sum for the PGIM India Gilt Fund is ₹5,000, and for SIP, it is ₹1000.
6. PGIM India Flexi Cap Fund - Direct Plan-Growth
PGIM India Flexi Cap Fund is an open-ended equity scheme that invests across large, mid, and small-cap stocks to generate income and capital appreciation.
- Fund Performance: The fund's annualized returns over the past three and five years have been around 9.85% and 20.72%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹14,109.
- Minimum Investment Amount: The minimum lump sum for the PGIM India Flexi Cap Fund is ₹5,000, and for SIP, it is ₹1000.
7. PGIM India Arbitrage Fund - Direct Plan-Growth
PGIM India Arbitrage Fund is an open-ended hybrid scheme investing in arbitrage opportunities in the cash and derivatives segment of the market. Investments may also be made in debt & money market instruments.
- Fund Performance: The fund's annualized returns over the past three and five years have been around 6.64% and 5.68%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,129.
- Minimum Investment Amount: The minimum lump sum for the PGIM India Arbitrage Fund is ₹5,000, and for SIP, it is ₹1000.
8. PGIM India Large Cap Fund - Direct Plan-Growth
PGIM India Large Cap Fund is an open-ended equity scheme investing in a diversified portfolio of equity and equity-related securities of predominantly large-cap companies to generate long-term capital growth.
- Fund Performance: The fund's annualized returns over the past three and five years have been around 11.32% and 14.06%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹13,798.
- Minimum Investment Amount: The minimum lump sum for the PGIM India Large Cap Fund is ₹5,000, and for SIP, it is ₹1000.
9. PGIM India Ultra Short Duration Fund - Direct Plan-Growth
PGIM India Ultra Short Duration Fund is an open-ended ultra-short-term debt scheme investing in short-term debt and money market instruments. The portfolio’s Macaulay duration is between 3 months to 6 months. It has a relatively low interest rate and moderate credit risk.
- Fund Performance: The fund's annualized returns over the past three and five years have been around 6.65% and 5.91%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,131.
- Minimum Investment Amount: The minimum lump sum for the PGIM India Ultra Short Duration Fund is ₹5,000, and for SIP, it is ₹1000.
10. PGIM India Hybrid Equity Fund - Direct Plan-Growth
PGIM India Hybrid Equity Fund is an open-ended hybrid scheme investing predominantly in equity and equity-related instruments to seek to generate long-term capital appreciation and income.
- Fund Performance: The fund's annualized returns over the past three and five years have been around 11.31% and 13.51%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹13,797.
- Minimum Investment Amount: The minimum lump sum for the PGIM India Hybrid Equity Fund is ₹5,000, and for SIP, it is ₹1000.
Top Fund Managers
Below is the list of people who have made PGIM India Mutual Fund Investment a standout choice in a highly competitive market.
1. A Anandha Padmanabhan
A Anandha Padmanabhan is Equity Fund Manager at PGIM India Asset Management Pvt. Ltd. He has over 14 years of experience in Indian financial markets, primarily in equity research. He joined PGIM India AMC in March 2019. He jointly manages some of PGIM India MF’s flagship schemes, such as PGIM India Large Cap Fund, PGIM India Multi Cap Fund, PGIM India Large and MidCap Fund, PGIM India ELSS Tax Saver Fund, and PGIM India Equity Savings Fund, etc.
2. Vinay Paharia
Vinay Paharia joined PGIM India AMC in 2023 and is the Chief Investment Officer (CIO) at PGIM India AMC, overseeing equities and fixed-income fund management. Vinay is an industry veteran with almost two decades of knowledge and experience in equity research and fund management. Vinay manages some of AMC’s flagship schemes like PGIM India Large Cap Fund, PGIM India Flexi Cap Fund, PGIM India Mid cap Opportunities Fund, PGIM India ELSS Tax Saver Fund, PGIM India Small Cap Fund, and PGIM India Retirement Fund, PGIM India Large and Mid Cap Fund, and PGIM India Balanced Advantage Fund.
3. Puneet Pal
Puneet Pal is the Head of Fixed Income of PGIM India Asset Management Pvt. Ltd. He has over 21+ years of experience in the debt markets within the mutual fund space. He jointly manages PGIM India CRISIL IBX Gilt Index – Apr 2028 Fund, PGIM India Money Market Fund, PGIM India Ultra Short Duration Fund, PGIM India Corporate Bond Fund, PGIM India Liquid Fund, PGIM India Low Duration Fund, PGIM India Dynamic Bond Fund and PGIM India Gilt Fund and debt portion of certain equity funds.
4. Bhupesh Kalyani
Bhupesh Kalyani is a Fixed Income Fund Manager at PGIM India Asset Management Pvt. Ltd. He has over 18 years of experience in fund management of fixed-income securities. Bhupesh has worked as a Debt Fund Manager at IDBI Mutual Fund. Before that, he worked as a Debt Fund Manager at Star Union Dai-ichi Life Insurance.
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