January 30, 2025
mayank
PGIM India ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 36.9500
NAV IDCW: Rs 19.6100
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks 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.
Fund Manager:
1) Utsav Mehta
Education: Mr. Mehta has done B.Com and CFA
Experience: Prior to joining PGIM Mutual Fund, he has worked with Edelweiss Asset Management Ltd and Ambit Capital
2) Vinay Paharia
Education: Mr. Paharia holds a B.Com degree from Narsee Monjee College and an M.M.S. degree from Welingkar Institute of Management, Mumbai.
Experience: Prior to joining PGIM India Mutual Fund, he was associated with Union Mutual Fund, Invesco Asset Management Company, L&T Mutual Fund, K R Choksey Shares and Securities Pvt Ltd (Jan 2004-Jan 2006), First Global Stock broking Pvt. Ltd (Jun 2002-Jan 2004).
3) Vivek Sharma
Education: Mr. Sharma is a PGDM Finance
Experience: Prior to joining PGIM India Asset Management Pvt. Ltd. – Equity Analyst and Asst. Fund Manager, he has worked with ICICI Securities Ltd. – Equity Analyst and JP Morgan Services India Pvt. Ltd.- Associate – Investment Banking.
4) Bhupesh Kalyani
Education: Mr. Kalyani is a CA, ICWA and CISA.
Experience: Prior to joining PGIM India Mutual Fund, he was associated with IDBI AMC, LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details of PGIM India ELSS Tax Saver Fund
| Fund House | PGIM India Mutual Fund |
| Launch Date | 11-Dec-2015 |
| Return Since Launch | 15.37% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 778 Cr |
| (As on 31-Dec-2024) | |
| Expense | 0.74% |
| (As on 31-Dec-2024) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | 39.00% |
Trailing Returns (%) of PGIM India ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM India ELSS Tax Saver Dir | -5.16 | 1.59 | -5.72 | -3.09 | -3.70 | 12.89 | 12.61 | 18.47 | 13.73 | — |
| BSE 500 TRI | -4.95 | 1.54 | -5.23 | -6.79 | -9.16 | 8.44 | 14.06 | 17.50 | 12.97 | — |
| Equity: ELSS | -6.29 | 1.79 | -6.53 | -6.78 | -7.84 | 11.52 | 15.70 | 18.58 | 13.62 | — |
| Rank within category | 16 | 20 | 19 | 2 | 4 | 17 | 29 | 15 | 13 | — |
| Number of funds in category | 39 | 39 | 39 | 39 | 39 | 39 | 33 | 33 | 30 | 26 |
Peer Comparison of PGIM India ELSS Tax Saver Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| PGIM India ELSS Tax Saver Dir | 2 star | 12.89 | 12.61 | 18.47 | 0.74 | 778 | 15.37 | — | 9Y 1M | 39.00 |
| SBI Long Term Equity Dir | 5 star | 18.56 | 23.66 | 23.17 | 0.95 | 27,791 | 16.75 | — | 12Y | 22.00 |
| DSP ELSS Tax Saver Dir | 4 star | 17.13 | 17.74 | 20.57 | 0.73 | 16,610 | 17.96 | — | 12Y | 38.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 15.83 | 21.33 | 20.46 | 1.11 | 15,729 | 15.29 | — | 12Y | 36.32 |
| Quant ELSS Tax Saver Dir | 5 star | -1.18 | 16.19 | 29.97 | 0.59 | 10,513 | 20.47 | — | 12Y | 162.00 |
Portfolio Analysis of PGIM India ELSS Tax Saver Fund
| No. of Stocks | 60 |
| Top 10 Stocks | 38.28% |
| Top 5 Stocks | 25.18% |
| Top 3 Sectors | 40.30% |
| Portfolio P/B Ratio | 5.63 |
| Portfolio P/E Ratio | 37.59 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,06,609 | 1,79,916 |
| Giant (%) | 55.60 | 52.77 |
| Large (%) | 21.61 | 19.94 |
| Mid (%) | 22.04 | 23.40 |
| Small (%) | 0.75 | 6.85 |
| Tiny (%) | — | 0.96 |
Chanakya’s Mutual Fund Guidance For PGIM India ELSS Tax Saver Fund
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