Presenting
PGIM INDIA
midcap opportunities fund
Midcap Fund - An open-ended equity scheme predominantly investing in mid - cap stocks
Mutual Fund investments are subject to market risks, read all scheme related document carefully.
What is PGIM India Midcap Opportunities Fund?
Play on the front foot and give your investments the winning edge. Presenting PGIM India Midcap Opportunities Fund that invests in mid-cap stocks selected through an extensive and thorough research process. It has greater growth potential compared to large-cap stocks, and less volatility and risk compared to small-cap stocks.
What is the Investment Strategy of PGIM India Midcap Opportunities Fund?
The fund invests in mid-cap companies, with a bottom-up stock selection approach. The portfolio manager selects companies with good capital allocation, sector dominance or companies which are able challengers with strong financials. Parameters such as high RoE, ability to generate positive cash flows consistently and low leverage are given prime importance in-stock selection. The fund is benchmark aware but agnostic to the benchmark.
Portfolio Allocation*
The below-mentioned allocation is followed by the fund manager while constructing his portfolio:
- Top 40-45%of the portfolio
- Middle 40-45%of the portfolio
- Bottom 10-20%of the portfolio
Companies with stable earnings and strong earnings visibility
Companies with strong earnings growth
Turn around stories/ good companies going through bad times with significant potential for alpha generation
*These are based on the fund manager's current outlook and are subject to change.
Why invest in PGIM India Midcap Opportunities Fund?
PGIM India Midcap Opportunities Fund invests in quality businesses at a reasonable price, therefore the positive stock returns are a result of
- Earnings growth visibility
- Reasonable valuations which give a chance for PE expansion in the stock
PGIM India Midcap Opportunities Fund tries to identify businesses when their earnings visibility is improving and valuations are reasonable. Thereby, allowing the fund to tap into unique businesses not present commonly in other portfolios.
The portfolio consistently has a lower commonality with the benchmark as it invests into low debt companies providing high return ratios.
Features of PGIM India Midcap Opportunities Fund:
Benchmark Index:
Nifty Midcap 150 TRI
Minimum Additional Amount:
Minimum of ₹ 1000/- and in multiples of ₹ 1/- thereafter.
Fund Manager:
Aniruddha Naha, Senior Fund Manager – Equity, also manages PGIM India Flexi Fund and PGIM India Balanced Advantage Fund. Aniruddha has done his master’s in finance & control and has over 18 years of industry experience in the equity and debt market.
Vivek Sharma, Assistant Fund Manager- Equity has completed PGDM in Finance and has over 15 years of experience in Indian financial markets, primarily in equity research.
Kunal Jain, Fund Manager -Fixed Income. He has over 11 years of experience in the fund management of fixed income securities. Among others, he manages PGIM India Insta Cash Fund, PGIM India Ultra Short Term Fund, PGIM India Money Market Fund and PGIM India Overnight Fund.
Exit load:
10% of the units allotted may be redeemed/switched-out to debt schemes without any exit load within 90 days from the date of allotment of units; Any redemptions/switch-outs in excess of the above-mentioned limit would be subject to an exit load of 0.50%,
if the units are redeemed/switched-out to debt schemes within 90 days from the date of allotment of units; Nil - If the units are redeemed/switched-out after 90 days from the date of allotment of units
No exit load will be charged for switches and STP between any open-ended equity schemes, hybrid schemes and fund of funds schemes.
Minimum Application Amount:
Minimum of ₹ 5,000/- and in multiples of ₹ 1/- thereafter.
Portfolio of PGIM India Midcap Opportunities Fund
-
Top 3 Sectors Overweight
% Overweight
-
Top 5 Stocks Overweight
% Overweight
-
Top 3 Sectors Underweight
The above weights are in comparison to the benchmark.Source: Bloomberg and Internal Research. The above data as on December 31, 2022 .% Underweight
-
Top 5 Stocks Underweight
% Underweight
-
Portfolio Metrics
Source: Bloomberg and Internal Research. The above data as on December 31, 2022(Video) Should We Invest In PGIM India Equity Funds ? I Best PGIM India Mutual Fund for 2023 I PGIM India I -
Portfolio Composition
Source: Bloomberg and Internal Research. The above data as on January 31, 2023.Portfolio Nifty Midcap 150 TR Index Number of stocks 47 150 Potfolio overlap with -- 26.9% Large caps (1st-100th stock) 17.78% 9.3% Mid caps (101st-250th stock) 62.42% 85.6% Small caps (251st stock onwards) 10.41% 4.7% Cash 9.39% 0.0% Market Cap yet to be classified by AMFI 0.0% 0.0% Top 10 holding 41.3% 16.3% Avg Market Cap - Crore 92,498 35,185
Portfolio (Top Ten Holdings) as on December 31, 2022.
-
ABB India Ltd.
(4.35) -
TVS Motor Company Ltd.
(4.10) -
Timken India Ltd.
(3.85) -
The Indian Hotels Company Ltd.
(3.73) -
Varun Beverages Limited
(3.60) -
HDFC Bank Ltd.
(3.31) -
Laurus Labs Ltd.
(3.25) -
Crompton Greaves Cons Electrical Ltd.
(3.23) -
Dalmia Bharat Ltd.
(3.05) -
Jubilant Foodworks Ltd.
(2.93)
Performance of PGIM India Midcap Opportunities Fund
| Fund | Nifty Midcap 150 TR Index^ | NIFTY 50 TR Index # | ||||
|---|---|---|---|---|---|---|
| Period | Returns (%) | Value (INR)* | Returns (%) | Value (INR)* | Returns (%) | Value (INR)* |
| Regular Plan | ||||||
| Last 1 Year | -1.47 | 10,147 | 4.95 | 10,494 | 5.71 | 10,569 |
| Last 3 Year | 11.63 | 13,912 | 15.48 | 15,402 | 15.52 | 15,416 |
| Last 5 Year | 8.95 | 15,357 | 12.04 | 17,666 | 12.84 | 18,305 |
| Since Inception | 17.50 | 2,48,740 | 17.62 | 2,53,787 | 17.03 | 2,29,634 |
| Direct Plan | ||||||
| Last 1 Year | -0.85 | 9,915 | 2.56 | 10,256 | 3.18 | 10,318 |
| Last 3 Year | 32.00 | 23,019 | 21.40 | 17,904 | 15.21 | 15,298 |
| Last 5 Year | 18.03 | 22,920 | 11.29 | 17,077 | 11.25 | 17,049 |
| Since Inception | 18.62 | 47,880 | 19.48 | 51,160 | 13.43 | 31,752 |
Date of Inception: Regular Plan: December 02, 2013; Direct Plan: December 02, 2013. All the above returns are of Growth Option and CAGR. CAGR – Compounded Annual Growth Rate. ^ Scheme Benchmark. # Standard Benchmark. *Based on standard investment of ₹10,000 made at the beginning of the relevant period. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Different plans have a different expense structure. Aniruddha Naha is managing this fund since April 05, 2018. and Mr. Vivek Sharma is managing this fund since June 01, 2021. No other schemes are managed by Vivek Sharma.The above returns are as on January 31, 2023.
Performance of other fund managed by Fund Manager Aniruddha Naha as on January 31, 2023.
| Last 1 Year | Last 3 Year | Last 5 Year | Managing Since | |
|---|---|---|---|---|
| PGIM India Flexi Cap Fund | -1.96 | 26.71 | 14.72 | April 05, 2018 |
| Nifty 500 TR Index^ | 6.70 | 20.83 | 13.31 |
^ Benchmark. Past performance may or may not be sustained in future and should not be used as a basis for comparision with other investments. The above returns are of Regular Plan-Growth Option of respective schemes. All the above returns are of CAGR. CAGR - Compounded Annual Growth Rate. Different plans have a different expense structure. Mr. Aniruddha Naha is managing 3 schemes of PGIM India Mutual Fund. On account of difference in scheme features, the performance of these schemes are not strictly comparable. Please refer www.pgimindiamf.com for details on performance of all schemes(including Direct Plan).
#w.e.f. January 31, 2021, the name and type of the scheme has changed to PGIM India Flexi Cap Fund and Flexi Cap Fund - An open ended dynamic equity scheme investing across largecap, mid cap, small cap stocks, respectively
#Equity portion is co-managed by Anandha and overseas investments is managed by Ravi Adukia from June 1, 2021. Similarly, PGIM India Balanced Advantage Fund is co-managed byHitash Dang (Equity Portion), Kumaresh Ramakrishnan (Debt portion) and (w.e.f. June 01, 2021) Mr. Ravi Adukia (Overseas Investments)
Returns for PGIM India Balanced Advantage Fund are not provided as the scheme has not completed six months since inception.