January 17, 2024
mayank
PGIM India Large and Mid Cap Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the PGIM India Large and Mid Cap Fund Open Date, Close Date?
NFO opens on January 24, 2024
NFO will close on February 07, 2024
What is the Investment Strategy?
The Scheme seeks to seek long term capital growth through investments in equity and equity related securities of predominantly large cap and mid cap stocks.
Basic Details
| Fund House | PGIM India Mutual Fund |
| Issue Open | 24 January 2024 |
| Issue Close | 07 February 2024 |
| Type | Open-ended |
| Category | Equity: Large & MidCap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption Within 90 days |
| Riskometer | Very High |
| Benchmark | NIFTY Large Midcap 250 TRI |
What is the Benchmark Index of PGIM India Large and Mid Cap Fund?
The Nifty LargeMidcap 250 reflects the performance of a portfolio of 100 large cap and 150 mid cap companies listed on NSE, represented through the Nifty 100 and the Nifty Midcap 150 index respectively. The aggregate weight of large cap stocks and mid cap stocks is 50% each and are reset on a quarterly basis.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products
Index Variant: Nifty LargeMidcap 250 Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float |
| No. of Constituents | 251 |
| Launch Date | November 30, 2017 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-annual |
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 12.37 | 31.58 | 31.58 | 18.29 | 14.82 |
| Total Return | 12.53 | 32.66 | 32.66 | 19.48 | 16.32 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 9.75 | 18.17 | 20.59 |
| Beta (NIFTY 50) | 0.88 | 0.91 | 0.91 |
| Correlation (NIFTY 50) | 0.88 | 0.96 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 25.06 | 3.98 | 1.07 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd | 5.65 |
| Reliance Industries Ltd. | 3.85 |
| ICICI Bank Ltd. | 3.07 |
| Infosys Ltd. | 2.42 |
| Larsen & Toubro Ltd. | 1.83 |
| ITC Ltd. | 1.80 |
| Tata Consultancy Services Ltd. | 1.69 |
| Axis Bank Ltd. | 1.35 |
| Kotak Mahindra Bank Ltd. | 1.23 |
| Bharti Airtel Ltd. | 1.15 |
Performance Review of the Fund Managers of PGIM India Large and Mid Cap Fund?
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.
Past Performance of his Schemes
| Fund | PGIM India Flexi Cap Fund | It’s Benchmark | PGIM India Equity Savings Fund | It’s Benchmark |
| 1 Year | 23.06 | 30.34 | 8.70 | 14.03 |
| 3 Year | 16.20 | 19.74 | 7.54 | 9.14 |
| 5 Year | 19.73 | 18.13 | 7.89 | 9.71 |
| 7 Year | 16.70 | 16.94 | 7.45 | 9.30 |
| 10 Year | — | — | 8.38 | 9.47 |
2) Utsav Mehta
Education: Nil
Experience: Nil
Past Performance of his Schemes
3) 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).
Past Performance of his Schemes
| Fund | PGIM India Balanced Advantage Fund | It’s Benchmark | PGIM India ELSS Tax Saver Fund | It’s Benchmark |
| 1 Year | 16.93 | 22.29 | 21.07 | 30.34 |
| 3 Year | — | — | 18.44 | 19.74 |
| 5 Year | — | — | 17.16 | 18.13 |
| 7 Year | — | — | 15.70 | 16.94 |
| 10 Year | — | — | — | — |
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.
Past Performance of his Schemes
| Fund | PGIM India Arbitrage Fund | It’s Benchmark | PGIM India Small Cap Fund | It’s Benchmark |
| 1 Year | 6.91 | 4.44 | 25.85 | 52.57 |
| 3 Year | 4.81 | 3.06 | — | — |
| 5 Year | 4.82 | 3.29 | — | — |
| 7 Year | 5.10 | 3.52 | — | — |
| 10 Year | — | — | — | — |
Which Company Owns PGIM India Large and Mid Cap Fund?
PGIM India Asset Management Pvt. Ltd.
Address: 204, 2nd Floor, Jalaram Business Centre, Ganjawala Lane Near Chamunda Circle, Borivali (W) Mumbai – 400092
Website: https://www.pgimindiamf.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Is it good to invest in PGIM India Large and Mid Cap Fund NFO?
Guidance for PGIM India Large and Mid Cap Fund by Paresh Gordhandas, C.A., Research Analyst.
This fund can be compared to Mirae Asset Large and Midcap Fund, SBI Large & Midcap Fund, Motilal Oswal Large & Midcap Fund, Navi Large & Midcap Fund, HDFC Large & Midcap Fund among others. As you can deduce, the space for Large & Midcap Funds is already over populated and PGIM will face tough competition.
However, large and midcap is an attractive category for investors to invest in as it gives the benefit of investing in large cap companies which have strong fundamentals as well as faster growing mid cap companies.
The fund has Nifty LargeMidcap 250 as its Benchmark Index and the top constituents by weightage are companies such as HDFC Bank, Reliance Ind, ICICI Bank, L&T etc. The Fund has four Fund Managers.
Can invest in this fund.
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