PGIM India Large and Midcap Fund is an open-ended equity scheme launched on January 24, 2024, that invests in both large-cap and mid-cap stocks to achieve long-term capital growth. It has a minimum investment of Rs 5,000 and an exit load of 0.50% if redeemed within 90 days of allotment. The new fund offer is open for subscription until February 7, 2024.
Investment Objective
The investment objective of the scheme is to seek long-term capital growth through investments in equity and equity-related securities of predominantly large-cap and mid-cap stocks. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/ indicate any returns.
Funds Allocation
| Instruments | Indicative Allocations (% of total assets) | Risk Profile |
| Equity and Equity related Securities | 70% – 100% | Very High |
| a) Large Cap Companies* | 35% – 65% | Very High |
| b) Mid Cap Companies* | 35% – 65% | Very High |
| c) Other than Large Cap and Mid Cap Companies* | 0% – 30% | Very High |
| Debt and Money Market Securities (including TREPS (Tri-Party Repo), Reverse Repo) | 0% – 20% | Low to Medium |
| Units issued by REITs & InvITs | 0% – 10% | Very High |
| Foreign securities including overseas ETFs | 0% – 25% | Very High |
Definition of Large Cap, Mid Cap and Small Cap Companies:
The Benchmark for the Scheme is NIFTY LargeMidcap 250 Index TRI.
The NIFTY Large-Midcap 250 reflects the performance of a portfolio of 100 large-cap and 150 mid-cap companies listed on the NSE, represented through the NIFTY 100 and the NIFTY Midcap 150 index respectively. This index intends to measure the performance of large and mid-market capitalisation companies with the aggregate weight of large-cap stocks and mid-cap stocks being 50% each, reset on a quarterly basis.
Benchmark and Category Historical Returns
| Category | 6 M | 1 Y | 2 Y | 3 Y | 5 Y |
| Nifty 50 | 9.98% | 23.01% | 11.93% | 16.77% | 14.93% |
| Benchmark: Nifty Large-Midcap 250 TRI | 19.62% | 40.43% | 19.76% | 25.35% | 20.79% |
| Category Average | 18.06% | 38.21% | 18.02% | 24.78% | 20.27% |
| Name of Fund Manager | Age | Educational Qualification | Experience |
| Vinay Paharia (Equity Portion) | 43 years | B. Com. and M.M.S | 20 years of experience in Indian financial markets, primarily in equity research & Fund Management |
| Anandha Padmanabhan Anjeneya (Equity Portion) | 41 years | B. Com, ACA, CFA, FRM | 15 years of experience in Indian financial markets, primarily in equity research |
| Utsav Mehta (Equity Portion) | 36 years | B.Com., CFA | 13 years of experience in Equity market, research and fund management |
| Puneet Pal (Debt Portion) | 44 years | MBA | 20 years of experience in the Debt markets within the Mutual Fund space |
| Ojasvi Khicha (Overseas Investment) | 37 years | CFA, MBA | 12 years of experience in financial markets, primarily in equity research |
| Scheme Name | AuM (Cr) | 6M | 1Y | 2Y | 3Y | 5Y | 10Y |
| Mirae Asset Large & Midcap Fund – Direct Plan – Growth | 32,492.17 | 18% | 36% | 15% | 23% | 22% | 25% |
| Canara Robeco Emerging Equities – Direct Plan – Growth | 19,904.48 | 12% | 30% | 13% | 21% | 19% | 24% |
| SBI Large & Midcap Fund – Direct Plan – Growth | 18,926.33 | 15% | 33% | 19% | 25% | 20% | 19% |
| Kotak Equity Opportunities Fund – Direct Plan – Growth | 17,782.63 | 14% | 36% | 20% | 24% | 21% | 20% |
| HDFC Large and Mid Cap Fund – Direct Plan – Growth | 15,021.94 | 21% | 46% | 24% | 31% | 22% | 16% |
| Axis Growth Opportunities Fund – Direct Plan – Growth | 10,722.03 | 14% | 38% | 13% | 23% | 22% | – |
| DSP Equity Opportunities Fund – Direct Plan – Growth | 10,387.00 | 20% | 38% | 19% | 24% | 20% | 19% |
| ICICI Prudential Large & Mid Cap Fund- Direct Plan – Growth | 10,267.70 | 19% | 38% | 22% | 30% | 22% | 18% |
| Tata Large & Mid Cap Fund – Direct Plan – Appreciation | 6,183.79 | 12% | 31% | 19% | 23% | 20% | 18% |
| Sundaram Large and Mid Cap Fund – Direct Plan – Growth | 6,074.51 | 14% | 32% | 14% | 23% | 18% | 19% |
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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