July 24, 2023
mayank
PGIM India Equity Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance
NAV Growth: Rs 47.5521
Yearly NAV IDCW: Rs 15.6944
NAV IDCW Monthly: Rs 13.6271
Suitable For Which Investors?
“Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The scheme seeks 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.
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) Hitash Dang
Education : Mr. Dang is Bcom and MBA (PGDBA)
Experience : Prior to joining PGIM India Mutual Fund he has worked in Jaypee Capital Service Ltd. in Institutional Sales in Equity Markets and Multiflex Lami Print Ltd. in Business development.
4) Puneet Pal
Education : Mr. Pal is a B.Com (H) and MBA from SIBM Pune.
Experience : Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of PGIM India Equity Savings Fund
| Fund House | PGIM India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 9.15% |
| Benchmark | NIFTY Equity Savings TRI |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 113 Cr |
| (As on 30-Jun-2023) | |
| Expense | 0.47% |
| (As on 30-Jun-2023) | |
| Risk Grade | Below Average |
| Return Grade | Below Average |
| Turnover | 37.00% |
PGIM India Equity Savings Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM Ind Eqt Svngs Dir | 4.67 | -0.23 | 0.97 | 3.41 | 4.27 | 8.13 | 11.11 | 7.87 | 8.20 | 9.44 |
| VR MIP TRI | 6.51 | -0.50 | 2.20 | 6.16 | 6.36 | 12.72 | 10.36 | 8.88 | 8.76 | 9.12 |
| Hybrid: Equity Savings | 7.01 | -0.24 | 1.99 | 6.25 | 6.82 | 11.59 | 12.02 | 8.69 | 8.80 | 9.00 |
| Rank within category | 22 | 11 | 22 | 22 | 22 | 22 | 15 | 14 | 11 | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 16 | 13 | 1 |
PGIM India Equity Savings 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 Eqt Svngs Dir | 4 star | 8.13 | 11.11 | 7.87 | 0.47 | 113 | 9.15 | — | 10Y 6M | 37.00 |
| ICICI Pru Eqt Svngs Dir | 5 star | 9.77 | 10.86 | 8.73 | 0.45 | 5,245 | 8.50 | 0.25 (7) | 8Y 7M | 49.00 |
| HDFC Eqt Svngs Dir | 4 star | 12.68 | 14.77 | 10.03 | 1.14 | 2,717 | 10.26 | 1.00 (90) | 10Y 6M | 24.49 |
| Kotak Eqt Svngs Dir | 5 star | 13.31 | 12.52 | 9.82 | 0.97 | 2,535 | 9.65 | 1.00 (90) | 8Y 9M | 496.10 |
| Mirae Asset Eqt Svngs Dir | 4 star | 13.20 | 14.71 | — | 0.45 | 609 | 12.28 | 1.00 (365) | 4Y 7M | 602.00 |
Portfolio Analysis of PGIM India Equity Savings Fund
| Number of Stocks | 40 |
| Number of Bonds | 7 |
| Average Maturity (yrs) | 0.76 |
| Top 10 Holdings | 54.52% |
| Portfolio P/B Ratio | 3.51 |
| Portfolio P/E Ratio | 28.12 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,14,710 | 2,09,387 |
| Giant (%) | 72.77 | 62.02 |
| Large (%) | 25.60 | 20.65 |
| Mid (%) | 1.63 | 13.20 |
| Small (%) | — | 5.67 |
| Tiny (%) | — | 0.03 |
| Fund | Category | |
| Number of Securities | 65 | 82 |
| Modified Duration (yrs) | 0.61 | 1.56 |
| Average Maturity (yrs) | 0.76 | 2.23 |
| Yield to Maturity (%) | 7.07 | 7.19 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For PGIM India Equity Savings Fund
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