July 21, 2023
mayank
PGIM India ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance
NAV Growth: Rs 30.6000
NAV IDCW: Rs 17.8000
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) Anandha Padmanabhan Anjeneyan
Education: Mr. Anjeneyan is a B. Com, ACA, CFA, FRM
Experience: Prior to joining PGIM India Asset Management Pvt Ltd, he has worked with Renaissance Investment Managers Private Limited, Canara Robeco Asset Management Company Limited.
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) 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-15 |
| Return Since Launch | 15.83% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 540 Cr |
| (As on 30-Jun-2023) | |
| Expense | 0.89% |
| (As on 30-Jun-2023) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
| Turnover | 58.00% |
PGIM India ELSS Tax Saver Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM Ind ELSS Tax Saver Dir | 11.80 | 0.39 | 4.40 | 13.54 | 11.56 | 23.29 | 28.15 | 16.00 | 15.85 | — |
| S&P BSE 500 TRI | 10.82 | 0.52 | 5.31 | 15.05 | 11.53 | 21.50 | 25.36 | 14.35 | 14.54 | — |
| Equity: ELSS | 12.30 | 0.40 | 4.71 | 14.64 | 13.01 | 22.63 | 25.44 | 14.64 | 14.63 | — |
| Rank within category | 21 | 23 | 27 | 32 | 27 | 14 | 7 | 9 | 9 | — |
| Number of funds in category | 36 | 39 | 39 | 38 | 37 | 34 | 34 | 31 | 29 | 25 |
PGIM India ELSS Tax Saver Fund Peer Comparison
| 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 Ind ELSS Tax Saver Dir | 4 star | 23.29 | 28.15 | 16.00 | 0.89 | 540 | 15.83 | — | 7Y 7M | 58.00 |
| Mirae Asset Tax Saver Dir | 5 star | 20.95 | 27.05 | 18.40 | 0.56 | 16,634 | 19.68 | — | 7Y 6M | 91.00 |
| SBI LT Eqt Dir | 4 star | 30.36 | 28.35 | 16.57 | 1.00 | 14,430 | 15.06 | — | 10Y 6M | 13.00 |
| DSP Tax Saver Dir | 4 star | 21.19 | 26.40 | 16.74 | 0.77 | 11,303 | 17.06 | — | 10Y 6M | 35.00 |
| Canara Robeco Eqt Tax Saver Dir | 4 star | 21.40 | 25.96 | 17.48 | 0.56 | 5,750 | 15.86 | — | 10Y 6M | 21.00 |
Portfolio Analysis of PGIM India ELSS Tax Saver Fund
| No. of Stocks | 59 |
| Top 10 Stocks | 42.78% |
| Top 5 Stocks | 27.21% |
| Top 3 Sectors | 49.32% |
| Portfolio P/B Ratio | 4.47 |
| Portfolio P/E Ratio | 29.94 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,63,492 | 1,55,638 |
| Giant (%) | 58.69 | 54.84 |
| Large (%) | 12.53 | 18.84 |
| Mid (%) | 26.40 | 22.95 |
| Small (%) | 2.38 | 7.04 |
| Tiny (%) | — | 0.15 |
Chanakya’s Mutual Fund Guidance For PGIM India ELSS Tax Saver Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://investors.pgimindiamf.com/auth/login
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