August 16, 2024
mayank
PGIM India Multi 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 Multi Cap Fund Open Date, Close Date?
NFO opens on August 22, 2024
NFO will close on September 05, 2024
What is the Investment Strategy?
The scheme seek to generate long term capital appreciation by investing in a portfolio of equity and equity related securities across large cap, mid cap and small cap stocks.
Basic Details
| Fund House | PGIM India Mutual Fund |
| Issue Open | 22 August 2024 |
| Issue Close | 05 September 2024 |
| Type | Open-ended |
| Category | Equity: Multi Cap |
| 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 500 Multicap 50:25:25 TRI |
What is the Benchmark Index of PGIM India Multi Cap Fund?
The Nifty500 Multicap 50:25:25 index aims to measure the performance of portfolio of large, mid and small market capitalisation companies with target weights assigned to each size segment.
The Nifty500 Multicap 50:25:25 index includes all companies that are part of Nifty 500 index. While in Nifty 500 index, the total weight of each size segment (Large, Mid and Small cap) is based on the total free float market capitalisation of all stocks falling within that size segment, in Nifty500 Multicap 50:25:25 index, the total weight to each of these three segments (Large, Mid and Small cap) is fixed at 50%, 25% and 25% respectively at every quarterly rebalance date. The weight of 50%, 25% and 25% for the three segments are further divided amongst stocks within the respective segment based on underlying stock’s free float market capitalisations. Weight of each size segment may be different from its respective capped level between two rebalance dates due to price drift of underlying stocks.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Index Variant: Nifty500 Multicap 50:25:25 Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 3.55 | 23.34 | 44.08 | 24.71 | 15.58 |
| Total Return | 3.64 | 23.98 | 45.31 | 25.94 | 17.11 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 14.59 | 18.53 | 20.22 |
| Beta (NIFTY 50) | 1.03 | 0.91 | 0.89 |
| Correlation (NIFTY 50) | 0.89 | 0.94 | 0.94 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 29.42 | 4.66 | 0.94 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 4.39 |
| Reliance Industries Ltd. | 3.68 |
| ICICI Bank Ltd. | 3.09 |
| Infosys Ltd. | 2.44 |
| ITC Ltd. | 1.65 |
| Larsen & Toubro Ltd. | 1.61 |
| Tata Consultancy Services Ltd. | 1.60 |
| Bharti Airtel Ltd. | 1.44 |
| State Bank of India | 1.21 |
| Axis Bank Ltd. | 1.20 |
Performance Review of the Fund Managers of PGIM India Multi 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 | 25.42 | 35.71 | 9.31 | 15.64 |
| 3 Year | 10.72 | 18.44 | 6.41 | 9.68 |
| 5 Year | 22.46 | 21.80 | 7.92 | 10.29 |
| 7 Year | 15.44 | 16.37 | 7.23 | 9.33 |
| 10 Year | — | — | 8.38 | 9.21 |
As on 16-8-2024
2) 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
Past Performance of his Schemes
| Fund | PGIM India Large and Mid Cap Fund | It’s Benchmark | PGIM India ELSS Tax Saver Fund | It’s Benchmark |
| 1 Year | — | — | 22.37 | 35.71 |
| 3 Year | — | — | 14.38 | 18.44 |
| 5 Year | — | — | 19.34 | 21.80 |
| 7 Year | — | — | 14.17 | 16.37 |
| 10 Year | — | — | — | — |
As on 16-8-2024
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.
Past Performance of his Schemes
| Fund | PGIM India ELSS Tax Saver Fund | It’s Benchmark | PGIM India Equity Savings Fund | It’s Benchmark |
| 1 Year | 22.37 | 35.71 | 9.31 | 15.64 |
| 3 Year | 14.38 | 18.44 | 6.41 | 9.68 |
| 5 Year | 19.34 | 21.80 | 7.92 | 10.29 |
| 7 Year | 14.17 | 16.37 | 7.23 | 9.33 |
| 10 Year | — | — | 8.38 | 9.21 |
As on 16-8-2024
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 Balanced Advantage Fund | It’s Benchmark | PGIM India Equity Savings Fund | It’s Benchmark |
| 1 Year | 16.32 | 23.68 | 9.31 | 15.64 |
| 3 Year | 9.57 | 13.96 | 6.41 | 9.68 |
| 5 Year | — | — | 7.92 | 10.29 |
| 7 Year | — | — | 7.23 | 9.33 |
| 10 Year | — | — | 8.38 | 9.21 |
As on 16-8-2024
Which Company Owns PGIM India Multi 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: https://mfs.kfintech.com/mfs/
Is it good to invest in PGIM India Multi Cap Fund NFO?
Guidance for PGIM India Multi Cap Fund by Paresh Gordhandas, C.A., Research Analyst.
PGIM India Multicap Fund is based on the Nifty500 Multicap 50:25:25 Index. The Fund is being managed by four Fund Managers. A sample study of the performance of the other funds managed by them does not show a promising picture. Multicap Funds have the ability to generate great returns , if managed well. And hence the role of the Fund Manager becomes all important.
The Fund will compete with the Nippon India Multicap Fund (1 year return 44.26%), SBI Multicap Fund (1 year return 38.83%), HDFC Multicap Fund (1 year return 46.45%). Hence, there are some great performers in this category and the PGIM Multicap Fund will have to deliver exceptional returns to stand tall against these Funds.
A better approach for an investor would be to wait and watch how the Fund performs over the next few months and then invest.
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