PGIM India Mutual Fund

PGIM India Asset Management Private Limited is the Investment and Asset Manager of PGIM Mutual Fund in India. PGIM is a fully-owned business of Prudential Financial, Inc. (PFI), USA. PGIM is the 10th largest asset manager and 10th largest fund manager of institutional assets globally with over 1,600 third-party clients with over 200 of them continuing their relationship with the firm for more than 20 years. With US$ 1.5 Trillion worth of Asset Under Management (AUM), 140 years of experience, over 1,300 investment professionals, 39 offices in 17 countries, and USD 409 bn of AUM from non-US clients, PGIM Mutual Fund is one of the largest financial institutions globally offering online and offline investment facility in best-performing mutual fund schemes. 

Best PGIM Mutual Funds

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Fund Name ⯅ ⯆	Category ⯅ ⯆	Rating ⯅ ⯆	Fund Size (in Cr) ⯅ ⯆	1Y Returns ⯅ ⯆	3Y Returns ⯅ ⯆	5Y Returns ⯅ ⯆
PGIM India Midcap Opportunities Fund	Equity	5	7,257	7.0	39.5	19.8
PGIM India Flexi Cap Fund	Equity	5	5,290	-0.7	27.1	16.9
PGIM India Elss Tax Saver Fund	Equity	4	437	10.0	22.3	14.3
PGIM India FDF – Sr.BA – Direct Growth	Debt	-	22	8.0	16.9	14.8
PGIM India Large Cap Fund	Equity	2	416	6.0	15.0	11.6
PGIM India Hybrid Equity Fund	Hybrid	1	227	-0.9	12.5	9.3
PGIM India GEO Fund	Other	-	1,254	-33.2	10.8	12.7
PGIM India Equity Savings Fund	Hybrid	3	169	4.0	8.1	8.0
PGIM India Corporate Bond Fund	Debt	4	53	3.6	6.3	6.7
PGIM India Banking&PSU Debt Fund	Debt	4	59	3.3	6.0	6.9
PGIM India Gilt Fund	Debt	3	140	2.4	5.9	6.5
PGIM India Dynamic Bond Fund	Debt	3	135	3.2	5.9	7.0
PGIM India Short Duration Fund	Debt	2	24	3.6	5.4	4.4
PGIM India Ultra Short Duration Fund	Debt	3	512	4.6	4.9	7.2
PGIM India Arbitrage Fund	Hybrid	2	125	4.0	4.2	5.0
PGIM India Liquid Fund	Debt	4	750	4.7	4.1	5.3
PGIM India Low Duration Fund	Debt	1	102	4.7	4.0	2.0
PGIM India Overnight Fund	Debt	4	95	4.5	3.8	-
PGIM India Money Market Fund	Debt	3	65	4.7	-	-
PGIM India Small Cap Fund	Equity	-	2,132	4.3	-	-
PGIM India Balanced Advantage Fund	Hybrid	-	1,522	6.3	-	-
PGIM India Global Select Real Estate Securities Fund	Other	-	100	-12.9	-	-

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PGIM India Asset Management Private Limited is a full-service fund manager offering an extensive range of equity, debt, hybrid, Fund of Funds, and fixed income solutions to institutional, high net worth, and retail investors. PGIM Mutual Fund’s 17 top-class investment managers manage 22 open-ended funds that have consistently delivered higher returns than the respective benchmarks since inception. Besides offering domestic mutual funds, PGIM MF also provides Portfolio Management Services and Offshore Funds. 

The headquarters of PGIM India Mutual Fund is located in Mumbai. It has branches in 27 Indian cities, including Bangalore, Ahmedabad, Delhi, Hyderabad, Chennai, Kolkata, Pune, etc.  The operations of PGIM India Mutual Fund is managed by Mr Ajit Menon, Chief Executive Officer, Mr Vinod Venkateswaran, Chief Operating Officer, Mr Srinivas Rao Ravuri, Chief Investment Officer, and Mr Abhishek Tiwari, Chief Business Officer. The Directors of PGIM India AMC are Mr Adam Broder, Associate Director, Mr Indrasena Yalala Reddy, Associate Director, Dr V.R. Narasimhan, Independent Director, and Mr Muralidharan Rajamani, Independent Director.

According to the Annual Report of PGIM Mutual Fund, the Indian mutual fund industry’s average AUM grew by 30% to exceed the INR 32 trillion mark in FY21. And, PGIM has been a frontrunner in the growth, registering a stellar growth of 94% in the average AUM over its performance in FY20. Its AUM currently stands at INR 6,988 crores (as of 31st March 2021). Due to an increased inflow in equity and Fund of Funds, these categories contribute over 60% in PGIM India MF’s asset mix. In FY21, the fund house experienced a robust 196% spurt in customers, a 306% increase in distribution partners, and a 738% enhancement in new SIP (Systematic Investment Plan) registrations. In FY 21, PGIM MF’s overall assets, including PMS assets and advisory) grew by 67% to INR 9,414 crores.
One of the newest schemes launched by PGIM India MF is the PGIM India Balanced Advantage Fund. The scheme was launched on 4th February 2021. During the NFO (New Fund Offer) period, the fund collected nearly INR 369 crores from more than 12,000 customers. 

PGIM India AMC Ltd Key Information

PGIM India Mutual Fund Managers

Mr Aniruddha Naha

With eighteen (18) years of experience in the equity and debt markets, Mr Aniruddha Naha is associated with PGIM India Mutual Fund as the Head of Equities. He joined PGIM AMC in April 2018 as the Director and Senior Fund Manager. He was appointed as the Head of Equities in December 2021. Before joining PGIM AMC, Mr Naha worked with Avendus as Director – Equities, IDFC AMC as Fund Manager, Mirae Asset as Vice President and Portfolio Manager, and DSP Blackrock MF as Fund Manager. He has done his Masters in Finance and Control from Delhi University.  

Mr Aniruddha Naha currently manages Midcap Opportunities Fund, Small Cap Fund, Flexi Cap Fund, and Balanced Advantage Fund.

Mr Kunal Jain

Mr Kunal Jain has extensive experience in the financial services industry. His specialities include Asset Management, Debt Restructuring, and Portfolio Management in Fixed Income Credit Research & Sales. His educational qualifications include MBA in Finance and Marketing and Bachelor in Commerce. Mr Jain joined PGIM India as a Fund Manager in January 2018. Before this, he worked with Indiabulls Mutual Fund as Fund Manager, LIC Nomura Mutual Fund Asset Management Company Ltd. as Fund Manager, Kotak Mutual Fund as Fund Manager – PMS Fixed Income, and Tata Tele as Senior Executive. 

Mr Puneet Pal

With seventeen (17) years of experience in the debt market, Mr Puneet Pal is associated with PGIM India Mutual Fund as the Head – Fixed Income. He joined PGIM AMC in December 2017. Before joining PGIM AMC, Mr Pal was associated with BNP Paribas AMC as Head of Fixed Income, UTI AMC as Sr. Vice President and Fund Manager, Tata AMC as Fund Manager – Fixed Income, and UTI AMC as Fund Manager – Fixed Income. Mr Naha has pursued MBA in Finance from Symbiosis International University. 

Mr Puneet Pal currently manages Flexi Cap Fund, Large Cap Fund, Short Duration Fund, Corporate Bond Fund, Dynamic Bond Fund, etc., at PGIM AMC. 

Mr Alok Agarwal

Mr Alok Agarwal joined PGIM Mutual Fund as Director, Senior Fund Manager – Equity. Before joining PGIM MF, he worked with Deutsche Asset Management as Fund Manager – Equity, K.R. Choksey Shares and Securities Pvt. Ltd. as PMS-Head and Fund Manager-Equities. Mr Agarwal has a proven history of serving the financial services sector. Besides being a professional CFA graduate and alumni of the CA Institute, he has also written four Financial Management books.

Mr Anandha Padmanabhan

With thirteen (13) years of experience in equity and financial markets, Mr Anandha Padmanabhan is associated with PGIM India Mutual Fund as Fund Manager – Equities. He conducts fundamental research on listed companies and manages investments. His areas of expertise include performance measurement, fundamental equity research, performance attribution, etc.

Mr Anandha Padmanabhan joined PGIM AMC as AVP – Research in March 2019. Before joining PGIM AMC, he worked with Renaissance Investment Managers as Senior Investment Analyst, Canara Robeco AMC as Equity Research Analyst, National Stock Exchange of India Limited as Senior Executive Officer, and ICICI Bank as Executive Trainee. Mr Padmanabhan is a CFA Charter Holder (CFA Institute, USA). He currently manages Equity Savings Fund, Flexi Cap Fund, etc., at PGIM AMC.

Mr Rahul Jagwani

With five (5) years of experience in equity research, Mr Rahul Jagwani is associated with PGIM India Mutual Fund as Equity Research Analyst. He joined PGIM AMC in May 2021. Before joining PGIM AMC, he worked with Insync Capital Partners as Senior Analyst (Buy Side), Batlivala & Karani Securities India Pvt.. Ltd. as Institutional Equity, and Deloitte as Analyst. His educational qualifications include CFA (CFA Institute, USA), Bachelor’s in Finance and Econometrics (H.R. College of Commerce and Economics), and International Baccalaureate (BD Somani International School). Mr Jagwani’s areas of expertise include financial analysis, market research, business planning, analytics, strategic planning, etc.

Mr Rahul Jagwani currently manages Flexi Cap Fund, Global Equity Opportunities Fund, Emerging Markets Equity Fund, etc., at PGIM AMC.

Mr Hitash Dang

With an experience of 24 years in equity investments, people management, client servicing, and sales & marketing, Mr Hitash Dang is associated with PGIM India AMC as VP – Equity Investments. He joined PGIM India in September 2013 as Equity Trader/ Arbitrage Fund Manager. Before joining PGIM India AMC, Mr Dang worked with Jaypee Capital Services Limited as Vice President – Institutional Sales and Multiflex Lamiprint Ltd. as Director.

Mr Dang has an MBA in Finance and Financial Management Services from Welingkar Institute of Management. He was ranked as the 16th Best Equity Salesperson in India by Asia Money Brokers Poll. He manages PGIM India Equity Savings Fund.

How to Invest in PGIM India Mutual Fund?

PGIM is a global leader in the asset management sphere. It manages assets worth USD 1.5 trillion, of which USD 409 billion comes from non-US clients. Besides offering mutual fund schemes across asset classes like diversified equity (5 schemes), debt (10 schemes), hybrid and balanced funds (4 schemes), Fund of Funds/ International FoFs (3 schemes), PGIM India AMC also provides Portfolio Management Services (PMS) and Asset Allocation Strategies. PGIM India Mutual Fund schemes have consistently delivered better-than-benchmark returns. 

You can invest in PGIM India Mutual Fund schemes easily by following the steps mentioned below:

• Visit 5paisa’s official website
• Click on ‘Open Demat Account.’ Enter your mobile number, PAN, Aadhar, and email address. After this, take a selfie and sign the E Sign form. 
• Hit ‘Submit.’
• Wait for the account information to come to your registered email address. Check the details carefully and note it somewhere. 
• Revisit 5paisa’s official website and click on ‘Login.’
• After logging in, look for ‘PGIM India Mutual Fund.’ Select the equity, debt, hybrid, or Fund of Funds scheme you want to invest in. Ensure to check the scheme returns, exit load, and minimum investment amount on the platform. 
• Select ‘Start SIP’ or ‘One-Time.’ ‘One-Time’ investment is best suited for lump sum investment. Lump sum investment generally refers to any investment above INR 5,000. SIP refers to Systematic Investment Plan. SIP usually starts from INR 500 every month.        
• Enter the investment details and transfer the money from your preferred investment mode (net banking, debit/ credit card, UPI, etc.) After investing, verify the investment status in the order book. 

It is wise to know that PGIM India Mutual Fund usually credits the mutual fund units within three (3) business days from the date of investment. So, you can redeem or switch units only after 3 days.

Besides providing a browser-based account opening facility, 5paisa also has a feature-rich app. You may download the 5paisa app on your Android, Windows Phone, or iPhone to create an all-in-one account and seamlessly invest in PGIM India Mutual Fund schemes. 

Top PGIM Mutual Funds to Invest

PGIM India AMC offers 22 mutual fund schemes across segments diversified equity, debt, hybrid and balanced funds, Fund of Funds/ International FoFs. The fund house allows SIP (Systematic Investment Plan), SWP (Systematic Withdrawal Plan), and STP (Systematic Transfer Plan). The following are the top mutual fund schemes of PGIM India: