How has the fund performed?
where the fund invests
basic facts
- Launch date: 12 February 2013
- Category: Equity
- Type: Mid Cap
- AUM (as on 31 August 2021): Rs 2,709 crore
- Benchmark: Nifty Midcap 100 Total Return Index
What is the rate
are not (on 21st September 2021)
- Growth Option: Rs 41.87
- IDCW: Rs 23.11
- Minimum investment: Rs 5,000
- Minimum SIP amount: Rs 1,000
- Expenditure Ratio (as on 31st August 2021) (%): 2.25
- Exit load: For units exceeding 10% of investment, 0.5% will be charged for redemption within 90 days
fund manager: Anirudh Nah:
Tenure: 3 years, 4 months
Top 5 Sectors in Portfolio (%)
top 5 shares Portfolio (%)
Recent portfolio changes
- New entrants: Crompton Greaves Consumer Alec, Dalmia Bharat, GR Infraprojects, Gokaldas Exports, JB Chemicals, Affle (India), APL Apollo Tubes, Clean Science & Tech, Gujarat State Petronet, India Glycols, Praj Indus, Suven Pharma.
- Full Exits: Cholamandalam Invitational, Graphite India, Indiamart Intermesh, NOCIL, GWR Infraprojects, John Cockerill India, MTAR Tech, SAIL, Whirlpool of India
How risky is it?
Source: Value Research
should you buy
Earlier known as DHFL Pramerica Midcap Opportunities, the fund is now fully run under the banner of PGIM India since its 100% acquisition of the former joint venture. The change in ownership was followed by strengthening of internal processes under new CIO Srinivasa Ravuri. Under its current fund manager, the fund emphasizes on low debt, strong cash flows and clean corporate governance. It avoids betting on areas of high or increasing competitive intensity. Fund managers prefer to run index agnostic portfolios. While it struggled for years until 2018, its performance since then has claimed a better risk-return profile in its category. A few more years of consistent performance will further cement its emergence as a worthy pick.