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. 

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. 

Top 10 PGIM Mutual Funds Schemes –

Fund Name
Category
Risk
1Y Returns
Rating
Fund Size (in Cr)
PGIM India Midcap Opportunities Fund – Dir Growth Equity Very High 7.08 5 5,119
PGIM India Flexi Cap Fund – Dir Growth Equity Very High -1.94 5 4,236
PGIM India Elss Tax Saver Fund – Direct Growth Equity Very High 4.83 4 379
PGIM India FDF – Sr.BA – Direct Growth Debt Moderate 2.22 - 22
PGIM India GEO Fund – Direct Growth Other Very High -31.46 - 1,264
PGIM India Large Cap Fund – Direct Growth Equity Very High -5.03 2 357
PGIM India Hybrid Equity Fund – Dir Growth Hybrid Very High -6.82 2 213
PGIM India Equity Savings Fund-Dir Growth Hybrid Moderately High 4.67 3 164
PGIM India Short Duration Fund – Direct Growth Debt Moderately Low 2.94 1 28
PGIM India Corporate Bond Fund – Direct Growth Debt Moderately Low 3.62 4 66
PGIM India Banking&PSU Debt Fund-Dir Growth Debt Moderately Low 3.36 4 71
PGIM India Ultra Short Duration Fund-Dir Growth Debt Moderately Low 3.81 5 543
PGIM India Dynamic Bond Fund – Direct Growth Debt Moderate 3.09 4 130
PGIM India Gilt Fund – Direct Growth Debt Moderate 2.52 3 148
PGIM India Low Duration Fund – Dir Growth Debt Moderately Low 3.71 1 108
PGIM India Arbitrage Fund – Direct Growth Hybrid Low 4.07 2 147
PGIM India Liquid Fund – Dir Growth Debt Moderately Low 3.67 4 662
PGIM India Money Market Fund – Direct Growth Debt Moderately Low 4.00 3 57
PGIM India Overnight Fund – Direct Growth Debt Low 3.52 4 60
PGIM India Small Cap Fund – Direct Growth Equity Very High - - 1,712
PGIM India Balanced Advantage Fund – Direct Growth Hybrid Moderate 0.09 - 1,454
PGIM India Global Select Real Estate Securities Fund of Fund – Dir Growth Other Very High - - 119

PGIM India Asset Management Private Limited –  Key Information

Mutual Fund Name PGIM India Mutual Fund
Founded on  13th May 2020
Sponsor  Prudential Financial, Inc. (PFI)
Trustee PGIM India Trustees Private Limited
Chairman Glen Baptist
Chief Executive Officer Mr Ajit Menon
Chief Operating Officer Mr Vinod Venkateswaran
Chief Investment Officer Mr Srinivas Rao Ravuri
Chief Business Officer Mr Abhishek Tiwari
Auditors Walker Chandiok & Co LLP Chartered Accountants Firm’s Registration No.: 001076N/N500013
Corporate Office 4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Phone No: +91 22 6159 3000
Website https://www.pgimindiamf.com/

PGIM India Asset Management Private Limited –  Top Fund Managers

Mr Aniruddha Naha

Mr Aniruddha Naha joined PGIM India Mutual Fund as Director and Senior Fund Manager in April 2018 and was promoted to Head of Equities in December 2021. Before joining PGIM MF, he worked for Avendus as Director: Equities, IDFC Asset Management Co. Pvt. Ltd. as Fund Manager, Mirae Asset as Vice President & Portfolio Manager, and DSP Blackrock MF as Fund Manager. Mr Naha has completed Masters in Finance and Control from Delhi University. He presently manages the PGIM India Midcap Opportunities Fund, PGIM India Smallcap Fund, PGIM India Flexicap Fund, and PGIM India 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

Mr Puneet Pal joined PGIM India MF in December 2017 as Head of Fixed Income. Before joining PGIM India Mutual Fund, he worked with BNP Paribas Asset Management with Head – Fixed Income, UTI Mutual Fund as Sr. Vice President & Fund Manager, Tata Mutual Fund as Fund Manager – Fixed Income, and UTI Mutual Fund as Fund Manager – Fixed Income. His educational qualifications include MBA Finance and B.Com (Hons). 

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.

Frequently Asked Questions About PGIM Mutual Fund

1. What is PGIM India Mutual Fund?

With US$ 1.5 Trillion worth of Asset Under Management (AUM), 140 years 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. 

2. Who is the sponsor of PGIM India Mutual Fund?

PGIM is a fully-owned business of Prudential Financial, Inc. (PFI), USA.

3. Where are PGIM India Mutual Fund headquarters situated?

The headquarters of PGIM India Mutual Fund is located in Mumbai.