May 14, 2026
RA Jainee
PGIM India ELSS Tax Saver Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 37.44 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 16.61 |
| Min. Investment (Rs.) | 500 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 12 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 638 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.88% |
| 1 Year Return (%) | -1.14 |
| 3 Year Return (%) | 11.35 |
| 5 Year Return (%) | 13.30 |
| 10 Year Return (%) | 14.35 |
| Return Since Launch | 13.72% |
⚖️ Sahifund Review – PGIM India ELSS Tax Saver Fund ✔
PLUS:
✓ Competitive expense ratio of 0.88% is reasonable for an actively managed ELSS category fund.
✓ Diversified portfolio of 70 stocks helps reduce concentration risk and supports long-term stability.
✓ Decent long-term track record with 10-year CAGR of 14.35% indicates wealth-creation capability over market cycles.
✓ Balanced mix of large, mid and small caps provides diversification across market segments.
✓ Moderate turnover ratio of 25% reflects relatively stable portfolio management style.
✓ Suitable for investors seeking Section 80C tax benefits along with long-term equity participation.
✓ SIP investing suits this fund well because the mandatory 3-year lock-in encourages disciplined investing habits.
✓ PGIM’s institutional research-driven investment approach adds credibility to portfolio management.
MINUS:
⚖️ Recent performance has lagged both benchmark and category average across 1-year and 3-year periods.
⚖️ Return grade remains below average despite a reasonably long operating history.
⚖️ Fund ranks in the lower half of ELSS category performance tables across most time frames.
⚖️ Large-cap bias may restrict upside compared with more aggressive ELSS peers during bull markets.
⚖️ 1-year negative returns can disappoint investors expecting consistent tax-saving fund performance.
⚖️ Several established ELSS peers like SBI, DSP and HDFC continue to show superior long-term alpha generation.
⚖️ Portfolio valuation remains moderately expensive with P/E above 27, limiting valuation comfort.
Sahifund View (Decisive Line):
PGIM India ELSS Tax Saver Fund can suit conservative tax-saving SIP investors seeking diversification and stability, but performance-focused investors may currently find stronger long-term alternatives within the ELSS category.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
ELSS funds are suitable for investors:
1. Seeking tax savings u/s 80C through a diversified equity portfolio
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
• The fund has a lock-in-period of 3 years
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) Akhil Dhar
Education: PGDBM (Finance) and B.E (Electrical)
Experience: Prior to joining the PGIM MF, he was associated with IndusInd Bank Ltd, CARE Rating Ltd, India Ratings and Research Private 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 | 13.72% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 638 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.88% |
| (As on 31-Mar-2026) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | 25.00% |
PGIM India ELSS Tax Saver Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM India ELSS Tax Saver Dir | -5.73 | -0.58 | 10.68 | -1.78 | -6.45 | -1.14 | 11.35 | 13.30 | 14.10 | 14.35 |
| BSE 500 TRI | -5.01 | -0.82 | 10.38 | -1.73 | -4.33 | 3.64 | 14.90 | 13.87 | 14.16 | 14.43 |
| Equity: ELSS | -4.45 | -0.75 | 10.11 | -1.22 | -4.36 | 3.67 | 15.93 | 14.83 | 15.02 | 14.96 |
| Rank within category | 25 | 6 | 13 | 21 | 31 | 35 | 33 | 25 | 19 | 15 |
| Number of funds in category | 40 | 40 | 40 | 40 | 40 | 40 | 37 | 33 | 31 | 28 |
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 | -1.14 | 11.35 | 13.30 | 0.88 | 638 | 13.72 | — | 10Y 4M | 25.00 |
| SBI ELSS Tax Saver Dir | 5 star | 2.86 | 21.45 | 19.26 | 0.98 | 28,441 | 15.51 | — | 13Y 4M | 25.00 |
| DSP ELSS Tax Saver Dir | 4 star | 1.56 | 18.95 | 16.39 | 0.85 | 15,044 | 16.75 | — | 13Y 4M | 34.00 |
| HDFC ELSS Tax Saver Dir | 5 star | -1.52 | 18.08 | 18.69 | 1.11 | 14,615 | 14.20 | — | 13Y 4M | 20.63 |
| Nippon India ELSS Tax Saver Dir | 4 star | 6.29 | 18.03 | 6.26 | 1.21 | 13,422 | 13.95 | — | 13Y 4M | 15.00 |
PGIM India ELSS Tax Saver Fund Portfolio
| No. of Stocks | 70 |
| Top 10 Stocks | 38.96% |
| Top 5 Stocks | 26.75% |
| Top 3 Sectors | 56.82% |
| Portfolio P/B Ratio | 4.03 |
| Portfolio P/E Ratio | 27.54 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,73,843 | 1,82,184 |
| Giant (%) | — | — |
| Large (%) | 61.09 | 64.22 |
| Mid (%) | 22.00 | 19.05 |
| Small (%) | 16.91 | 18.52 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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