July 24, 2023
mayank
PGIM India Hybrid Equity Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance
NAV Growth: Rs 119.4600
Monthly NAV IDCW: Rs 24.6400
NAV IDCW: Rs 24.9500
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. But be prepared for ups and downs in your investment value along the way.
Aggressive hybrid funds invest 65-80 per cent of your money in equity shares and the rest in bonds. Their returns are slightly lower than those of pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to sharp ups and downs.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme aims to generate capital appreciation and income from a portfolio of equity and equity related securities as well as fixed income securities.
Fund Manager:
1) 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).
2) 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.
3) 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 | 0.5% for redemption within 90 days |
Basic Details of PGIM India Hybrid Equity Fund
| Fund House | PGIM India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 11.72% |
| Benchmark | CRISIL Hybrid 35+65 Aggressive Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 228 Cr |
| (As on 30-Jun-2023) | |
| Expense | 0.73% |
| (As on 30-Jun-2023) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
| Turnover | 76.00% |
PGIM India Hybrid Equity Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM Ind Hybrid Eqt Dir | 11.08 | -0.49 | 2.53 | 10.14 | 10.58 | 20.31 | 18.04 | 10.62 | 10.46 | 12.14 |
| VR Balanced TRI | 9.08 | -1.03 | 4.26 | 11.27 | 9.41 | 18.55 | 19.56 | 12.64 | 12.90 | 12.79 |
| Hybrid: Aggressive Hybrid | 10.34 | -0.44 | 3.43 | 11.61 | 10.91 | 17.97 | 19.95 | 12.63 | 12.53 | 14.76 |
| Rank within category | 19 | 26 | 39 | 39 | 25 | 10 | 28 | 28 | 22 | — |
| Number of funds in category | 46 | 46 | 46 | 46 | 46 | 45 | 42 | 34 | 26 | 21 |
PGIM India Hybrid Equity 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 (%) | ||
|
2 star | 20.31 | 18.04 | 10.62 | 0.73 | 228 | 11.72 | 0.50 (90) | 10Y 6M | 76.00 | |
| ICICI Pru Eqt & Debt Dir | 5 star | 21.24 | 28.66 | 17.38 | 1.13 | 23,711 | 16.85 | 1.00 (365) | 10Y 6M | 30.00 | |
| HDFC Hybrid Eqt Dir | 4 star | 21.86 | 23.24 | 14.14 | 1.08 | 20,463 | 15.57 | 1.00 (365) | 10Y 6M | 30.41 | |
| Canara Robeco Eqt Hybrid Dir | 4 star | 17.30 | 18.59 | 13.94 | 0.60 | 8,896 | 14.53 | 1.00 (365) | 10Y 6M | 17.00 | |
| Mirae Asset Hybrid Eqt Dir | 4 star | 17.66 | 19.37 | 14.23 | 0.41 | 7,573 | 13.75 | 1.00 (365) | 7Y 11M | 62.00 |
Portfolio Analysis of PGIM India Hybrid Equity Fund
| No. of Stocks | 44 |
| Top 10 Holdings | 51.46% |
| Top 5 Stocks | 35.90% |
| Top 3 Sectors | 38.01% |
| Portfolio P/B Ratio | 4.38 |
| Portfolio P/E Ratio | 29.55 |
| Avg Credit Rating | GOI/Cash |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,03,128 | 1,54,422 |
| Giant (%) | 59.41 | 55.79 |
| Large (%) | 15.72 | 16.09 |
| Mid (%) | 24.02 | 21.82 |
| Small (%) | 0.85 | 8.03 |
| Tiny (%) | — | 0.05 |
| Fund | Category | |
| Number of Securities | 55 | 62 |
| Modified Duration (yrs) | 0.81 | 2.54 |
| Average Maturity (yrs) | 1.09 | 4.07 |
| Yield to Maturity (%) | 7.19 | 7.39 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For PGIM India Hybrid Equity Fund
Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than five years.
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