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PGIM India ELSS Tax Saver Fund Direct-Growth
NAV as of(Aug 11, 2023)
₹ 30.19 -0.4 % 1-D Change
Returns 
15.48% p.a.
You get upto 1.46%extra returns
- Monthly SIP
Monthly SIP is not available for this fund - Lumpsum Lumpsum is not available for this fund
₹
Minimum SIP amount is ₹
₹
Minimum Lumpsum amount is ₹
This fund vs
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Scheme Details
| VRO Rating | |
| Expense ratio | 0.89% As on Jun 30, 2023 |
| Exit Load | 0% |
| AUM (Fund Size) | ₹ 557 Crs |
| Lock-in | 3 Years |
| Age | 7 yrs 9 m Since Oct 19, 2015 |
| Benchmark | NIFTY 500 TRI |
| Min. Investment | SIP ₹500 & Lumpsum ₹500 |
About PGIM India ELSS Tax Saver Fund
PGIM India ELSS Tax Saver Fund Direct-Growth is a ELSS mutual fund scheme from Pgim India Mutual Fund. This fund has been in existence for 7 yrs 9 m, having been launched on 19/10/2015. PGIM India ELSS Tax Saver Fund Direct-Growth has ₹557 Crores worth of assets under management (AUM) as on 30/06/2023 and is medium-sized fund of its category. The fund has an expense ratio of 0.89%, which is close to what most other Elss funds charge.
.....- PGIM India ELSS Tax Saver Fund Direct-Growth returns of last 1-year are 16.12%. Since launch, it has delivered 15.49% average annual returns. The fund has doubled the money invested in it every 3 yrs.
- PGIM India ELSS Tax Saver Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
- The fund has the majority of its money invested in Financial, Consumer Staples, Technology, Automobile, Healthcare sectors. It has taken less exposure in Financial, Consumer Staples sectors compared to other funds in the category.
- The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Infosys Ltd., Axis Bank Ltd..
Investment Returns Calculator
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|---|---|---|---|
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Category Average | |||
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Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
Latest Asset & Portfolio Allocation
as on Jul 31, 2023Top Stock Holdings
Allocation by Market Cap
Large Cap 65.61%
Mid Cap 18.62%
Small Cap 10.84%
Other Cap 0%
Allocation by Sector
Financial 31.45%
Consumer Staples 8.68%
Technology 7.46%
Automobile 7.07%
Top Debt Holdings
Others 4.52%
Reserve Bank of India 0.17%
Allocation by Credit Quality
Bifurcation by Credit Quality is not available for this fund
Allocation by Instruments
CBLO 4.52%
Net Receivables 0.24%
Treasury Bills 0.17%
Other Holdings
Others 0.24%
Want to know in detail about the portfolio of this fund?
Comparison with elss Funds
as on Aug 13, 2023| Fund name | Annual Return % | ||
|---|---|---|---|
| Quant Tax Plan | 25.46% | ||
| Mirae Asset Tax Saver Fund | 17.19% | ||
| Bandhan Tax Advantage (ELSS) Fund | 16.71% | ||
| Bank of India Tax Advantage Fund | 16.35% | ||
| Kotak Tax Saver Fund | 16.07% | ||
| Canara Robeco Equity Tax Saver Fund | 15.94% | ||
| PGIM India ELSS Tax Saver Fund | 15.36% |
Trailing Returns and Ranks
as on Aug 12, 2023| Period | Trailing returns | Category average |
|---|---|---|
| 1 month | 0.77% | 1.94% |
| 3 months | 8.09% | 10.09% |
| 6 months | 11.77% | 14.22% |
| 1 year | 15.27% | 14.98% |
| 3 years | 25.78% | 24.52% |
| 5 years | 15.36% | 14.03% |
Want to know in detail about the returns of this fund?
Riskometer
Level of Risk in the Scheme
Investors understand that their principal will be at Very High risk
PGIM India ELSS Tax Saver Fund
EQUITY ELSS
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.
- Std. Dev : 13.46
- Alpha : 3.64
- Beta : 0.89
- Sharpe : 1.55
- Sortino : 2.91
Bhupesh Kalyani
Mr. Kalyani is a CA, ICWA and CISA.
Prior to joining PGIM India Mutual Fund, he was associated with IDBI AMC, LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.
Vinay Paharia
Mr. Paharia holds a B.Com degree from Narsee Monjee College and an M.M.S. degree from Welingkar Institute of Management, Mumbai.
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).
Anandha Padmanabhan Anjeneyan
Mr. Anjeneyan is a B. Com, ACA, CFA, FRM
Prior to joining PGIM India Asset Management Pvt Ltd, he has worked with Renaissance Investment Managers Private Limited, Canara Robeco Asset Management Company Limited.
PGIM India Mutual Fund
TOTAL AUM:
₹22,518 Crs
As on Jun 30, 2023
- Phone: 022-61593000 / 1800-266-2667
- Address: 204, 2nd Floor, Jalaram Business Centre,
Ganjawala Lane
Near Chamunda Circle, Borivali (W)
Mumbai, 400092
Frequently Asked questions
How fund report card works
Identifying a top performing fund that consistently creates wealth can be a challenging task due to the dynamic nature of the market. Top funds often change frequently, sometimes even on a daily basis.
However, with ET Money's fund report card, it is now possible to find a fund that consistently ranks at the top and generates wealth over a long period of time. This valuable resource makes it easier to navigate the complex and constantly changing world of financial markets.
At ET Money, we have developed a smart ranking system for funds based on their consistency. We believe that consistently performing at the top of a category is more important than just occasionally ranking highly. To evaluate the consistency of a fund, we have identified two key parameters: "consistency of returns" and "protection from volatility." We assess these parameters by analyzing the strong performance and low volatility of a fund over a prolonged period of time. To arrive at a rating for these parameters, we carefully consider the track record of a fund in terms of both performance and volatility.
In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
How are the returns of PGIM India ELSS Tax Saver Fund ?
The PGIM India ELSS Tax Saver Fund is a 7 yrs 9 m old fund and has delivered average annual returns of 15.48% since inception.
PGIM India ELSS Tax Saver Fund Returns
| 1-Year | 3-Year | 5-Year | Since Inception |
|---|---|---|---|
| 15.27% | 25.78% | 15.36% | 15.48% |
What is the current NAV of PGIM India ELSS Tax Saver Fund?
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of PGIM India ELSS Tax Saver Fund for Aug 11, 2023 is 30.19.
Should I invest in PGIM India ELSS Tax Saver Fund?
PGIM India ELSS Tax Saver Fund has an ET Money Rank of # 16 of 31 and a consistency rating of 3.
This indicates the fund has not generated great returns and even those are not very consistent. You might want to look at other funds in its category.
How do I invest in PGIM India ELSS Tax Saver Fund?
On ET Money, Investing in PGIM India ELSS Tax Saver Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
- Click on the Invest Now Button present on the top right-hand side.
- Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
- Provide few more details needed including the bank account from which you will be making the payment and confirm.
- That's it. Your SIP or one-time investment in PGIM India ELSS Tax Saver Fund is done.
How much does PGIM India ELSS Tax Saver Fund charge as expense ratio?
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of PGIM India ELSS Tax Saver Fund is 0.89%. .
How can I redeem my investments in PGIM India ELSS Tax Saver Fund?
Redeeming your investments in PGIM India ELSS Tax Saver Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in PGIM India ELSS Tax Saver Fund from anywhere else, you can go to the fund house website and put a request through it.
What is the AUM or size of PGIM India ELSS Tax Saver Fund?
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of PGIM India ELSS Tax Saver Fund is ₹557 Crs.
What are the top stock holdings of PGIM India ELSS Tax Saver Fund?
The PGIM India ELSS Tax Saver Fund has invested the majority of its money in the stocks of the following companies -
| Company | Percentage of Portfolio |
|---|---|
| HDFC Bank Ltd. | 8.13% |
| ICICI Bank Ltd. | 7.38% |
| Reliance Industries Ltd. | 6.62% |
| Infosys Ltd. | 4.83% |
| Axis Bank Ltd. | 3.73% |
| ITC Ltd. | 3.34% |
| Kotak Mahindra Bank Ltd. | 2.8% |
| Larsen & Toubro Ltd. | 2.53% |
| Torrent Pharmaceuticals Ltd. | 2.19% |
| Equitas Small Finance Bank Ltd. | 2.15% |
What are the top sectors PGIM India ELSS Tax Saver Fund has invested in?
The PGIM India ELSS Tax Saver Fund has primarily invested in the following sectors
| Sector | Percentage of Portfolio |
|---|---|
| Financial | 31.45% |
| Consumer Staples | 8.68% |
| Technology | 7.46% |
| Automobile | 7.07% |
| Healthcare | 6.93% |
| Unclassified | 6.62% |
| Capital Goods | 5.1% |
| Chemicals | 4.44% |
| Services | 3.61% |
| Construction | 3.37% |