PGIM India Mutual Fund, previously known as DHFL Pramerica Mutual Fund, is now a wholly-owned business of Prudential Financial, the global investment management business PGIM. PGIM is the investment management business of PFI. It is a leading global investment manager that offers a variety of actively managed asset classes and investment styles like equities, fixed income, and real estate.
Prudential Financial Inc. is the sponsor of PGIM India Mutual Fund. It is globally present across 17 countries in 39 offices with over 1,300+ investment professionals, including the United States, Asia, Europe and Latin America, offering various products and services, including life insurance, annuities, and retirement-related services, mutual funds and investment management to its customers.
PGIM India Asset Management is a full-service investment manager that caters to its customers, who are retail and institutional investors with a vast range of equity and fixed-income products and services throughout the country. PGIM handles about 25 open-ended funds operated by 17 investment experts. In addition to managing its investor’s assets through domestic mutual funds, they also offer offshore funds and portfolio management services. PGIM strives to utilise the strength and stability of its 145-year legacy to build on its decade-long history in India.
| Founding date | May 13, 2010 |
| AMC Incorporation date | September 24, 2008 |
| Headquarters in | Mumbai |
| Name of the sponsor | Prudential Financial Inc. |
| Trustee organisation | PGIM India Trustees Private Limited |
| MD and CEO | Mr Ajit Menon |
| Chief Investment Officer | Mr Srinivas Rao Ravuri |
| Compliance Officer | Mr Sandeep Kamath |
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Utkarsh Katkoria
Fund Manager since May 2017 (7 years)
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Mr. Katkoria has a Bachelor in Finance and an MBA from Bayes Business School. Before joining PGIM India Mutual Fund he worked at Deutsche Asset Management, Reliance Industries Limited and JM Financials Limited.
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Puneet Pal
Fund Manager since Feb 2023 (1 year)
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Mr. Pal did his MBA from SIBM Pune. Before joining PGIM India Mutual Fund, he worked with BNP Paribas AMC as Head - Fixed Income, with UTI AMC as SVP and Fund Manager and with TATA AMC as Fund Manager.
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Kunal Jain
Fund Manager since Apr 2022 (2 years)
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Mr. Jain has a B.Com and an MBA in Marketing. Before joining Canara Robeco Mutual Fund, he worked with PGIM India Mutual Fund, Indiabulls AMC Ltd. as Fund Manager, LIC Nomura AMC Ltd. as Fund manager and Kotak Mahindra AMC Ltd. as a fixed income dealer.
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Alok Agarwal
Fund Manager since Aug 2016 (8 years)
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Vinay Paharia
Fund Manager since Jan 2024 (11 months)
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Mr. Paharia holds a B.Com degree from Narsee Monjee College and an M.M.S. degree from Welingkar Institute of Management, Mumbai. Before PGIM India Mutual Fund, he worked with Union Mutual Fund, Invesco Asset Management Company, L&T Mutual Fund, K R Choksey Shares and Securities Pvt Ltd, and First Global Stock Broking Pvt. Ltd.
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Aniruddha Naha
Fund Manager since Apr 2022 (2 years)
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Mr. Naha is a Senior Fund Manager of Equity at PGIM India Asset Management Pvt. Ltd. He has done his Masters in Finance & Control. Earlier, he was Head of PMS, Equity at Avendus Wealth Management Pvt. Ltd. Before that Aniruddha was Fund Manager at IDFC Asset Management Company Ltd. He has also worked at Mirae Asset Global Investments (Hong Kong) Ltd. and at DSP BlackRock Investment Managers Pvt. Ltd.
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Srinivas Rao Ravuri
Fund Manager since May 2022 (2 years)
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Mr. Ravuri holds a B.Com (H) and an MBA (Finance). Before joining PGIM India Mutual Fund he has worked with HDFC Asset Management Company Ltd. as a Senior Fund Manager - Equities, as a Senior Analyst at Motilal Oswal Securities Ltd., as AVP – Equity Research at Edelweiss Capital Ltd., and as an Investment Analyst at Securities Capital Investments (I) Ltd.
Investing in the PGIM India MF, or any mutual fund for that matter, is an easy and hassle-free process when done through your Angel One account. Just take the following steps:
Step 1: Log in to your Angel One account by entering your mobile number and validate the OTP. Next, enter your MPIN.
Note: In case you do not have an account with Angel One, you can open a Demat account with us in under a few minutes by submitting the necessary documents.
Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to consider at this stage are:
Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in.
You can learn more about the details of each fund from within the Angel One app itself.
Investing in PGIM India Mutual Funds through Angel One is a hassle-free, fully digital experience. To complete the KYC process and kickstart your investment journey, you’ll need to furnish these essential documents:
Angel One simplifies the KYC verification, providing swift access to PGIM India Mutual Funds, whether you’re a new or returning investor. Our user-friendly platform is designed to make your financial goals easily attainable. Expect your KYC process to be completed in just 48-72 business hours, enabling you to start your mutual fund journey promptly
| Name of the Fund | Sub Category | AUM (₹ in crore) | Minimum Investment (₹) | CAGR 3Y (%) | CAGR 5Y (%) |
| PGIM India Midcap Opp Fund | Mid Cap Fund | 9,392.69 | 1000 | 31.35 | 24.93 |
| PGIM India ELSS Tax Saver Fund | Equity Linked Savings Scheme (ELSS) | 560.06 | 500 | 26.6 | 16.6 |
| PGIM India Flexi Cap Fund | Flexi Cap Fund | 5,881.04 | 1000 | 23.92 | 19.71 |
| PGIM India Large Cap Fund | Large Cap Fund | 488.83 | 1000 | 18.74 | 12.69 |
| PGIM India Hybrid Equity Fund | Aggressive Hybrid Fund | 224.79 | 1000 | 16.15 | 10.67 |
| PGIM India Equity Savings Fund | Equity Savings | 100.15 | 1000 | 10.48 | 8.24 |
| PGIM India Corp Bond Fund | Corporate Bond Fund | 46.86 | 1000 | 5.51 | 7.24 |
| PGIM India Low Duration Fund | Low Duration Fund | 103.99 | 5000 | 5.28 | 2.06 |
| PGIM India Arbitrage Fund | Arbitrage Fund | 160.07 | 1000 | 5.13 | 5.31 |
| PGIM India Ultra Short Duration Fund | Ultra Short Duration Fund | 338.93 | 1000 | 5.08 | 7.27 |
**All data as of October 4, 2023.
Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.
This scheme operates as a Mid Cap Fund, focusing on investments in mid-sized companies. It manages assets worth ₹9,392.69 crore and maintains an expense ratio of 0.41%. Over a span of 3 years, the fund has displayed a Compound Annual Growth Rate (CAGR) of 31.35%. The minimum investment required for this fund is ₹1,000.
This fund functions as an Equity Linked Savings Scheme (ELSS), mainly investing in equities. It holds an Asset Under Management (AUM) of ₹560.06 crore with an expense ratio of 0.85%. Over a 3-year period, the fund has yielded a CAGR of 26.6%. The minimum investment amount for this fund is ₹500.
Operating as a Flexi Cap Fund, this scheme invests across market cap, offering flexibility. It oversees assets amounting to ₹5,881.04 crore, maintaining a low expense ratio of 0.39%. Over 3 years, the fund has shown a CAGR of 23.92%. The minimum investment required for this fund is ₹1,000.
This fund operates as a Large Cap Fund, focusing on prominent companies. It manages an AUM of ₹488.83 crore and carries an expense ratio of 0.9%. Over a 3-year period, the fund has displayed a CAGR of 18.74%. The minimum investment amount for this fund is ₹1,000.
Functioning as an Aggressive Hybrid Fund, this scheme balances equity and debt investments. It has an AUM of ₹224.79 crore with an expense ratio of 0.73%. Over a 3-year period, the fund has yielded a CAGR of 16.15%. The minimum investment amount for this fund is ₹1,000.
Operating as an Equity Savings fund, this scheme focuses on equity and equity-related instruments. It manages assets totalling ₹100.15 crore and maintains an expense ratio of 0.51%. Over a 3-year period, the fund has shown a CAGR of 10.48%. The minimum investment required for this fund is ₹1,000.
This fund operates as a Corporate Bond Fund, primarily investing in corporate bonds. It has an AUM of ₹46.86 crore and an expense ratio of 0.25%. Over 3 years, the fund has displayed a CAGR of 5.51%. The minimum investment required for this fund is ₹1,000.
Functioning as a Low Duration Fund, this scheme focuses on short-term debt securities. It oversees assets amounting to ₹103.99 crore with an expense ratio of 0.36%. Over a 3-year period, the fund has yielded a CAGR of 5.28%. The minimum investment amount for this fund is ₹5,000.
This fund operates as an Arbitrage Fund, aiming to capitalise on price differences in various markets. It has an AUM of ₹160.07 crore and an expense ratio of 0.34%. Over a 3-year period, the fund has shown a CAGR of 5.13%. The minimum investment required for this fund is ₹1,000.
Operating as an Ultra Short Duration Fund, this scheme primarily invests in very short-term debt instruments. It manages an AUM of ₹338.93 crore with an expense ratio of 0.27%. Over 3 years, the fund has displayed a CAGR of 5.08%. The minimum investment required for this fund is ₹1,000.
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