3 Year return

17.46%
Launched on October 2015 (9 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹679.68 Cr.

Expense Ratio

0.77% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
3

Ratings by other agencies

4
4
5

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

PGIM India Mutual Fund Managers

SR

Srinivas Rao Ravuri

Fund Manager since May 2022

View Details

Fund House Details

PGIM India Mutual Fund

PGIM India Mutual Fund Asset management company

AUM ₹23,240.17 Cr.
No. of Schemes 67
Setup Date NA

Peer Comparison

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Schemes by PGIM India Mutual Fund

List of mutual fund schemes by AMC

About PGIM India ELSS Tax Saver Fund Direct Plan Growth

PGIM India ELSS Tax Saver Fund Direct Plan Growth is a mutual fund offered by PGIM India Mutual Fund. The PGIM India ELSS Tax Saver Fund falls under the "Equity - ELSS" category. This category represents Equity-Linked Savings Scheme funds, which offer potential capital appreciation along with tax benefits under Section 80C of the Income Tax Act in India. The PGIM India ELSS Tax Saver Fund is an open-ended fund, which means you can buy and redeem units on any business day. The expense ratio of the fund is lower than the category average. This means that the fund charges lower fees to investors, which can impact their returns over the long term.

Investment Objectives of the Scheme

The fund's primary objective is to generate long-term capital appreciation while providing tax benefits to investors. It aims to achieve this by investing in a diversified portfolio of equity and equity-related securities.

Key Features of The Fund

5-year return 19.05%
Expense Ratio 0.77%
Fund Manager Srinivas Rao Ravuri
Fund Size ₹679.68 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The PGIM India ELSS Tax Saver Fund could be suitable for investors who are seeking a dual advantage of potential growth and tax savings. If you're looking to invest with the aim of potentially growing your wealth and simultaneously availing tax benefits under Section 80C, this fund might align well with your investment goals. It's relevant for investors who have a moderate to high risk tolerance and a longer investment horizon.

AMC Contact Details

Name PGIM India Mutual Fund
Launch Date May 2010
Addresss 4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex,Bandra (East), Mumbai - 400 051 Phone No: +91 22 6159 3000
Contact 1800 266 7446
Email care@pgimindia.co.in
Website https://www.pgimindiamf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of PGIM India ELSS Tax Saver Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of PGIM India ELSS Tax Saver Fund Jun 14 2024 is 36.63

What is the AUM of PGIM India ELSS Tax Saver Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of PGIM India ELSS Tax Saver Fund is 679.68 crore.

What is the expense ratio of PGIM India ELSS Tax Saver Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of PGIM India ELSS Tax Saver Fund is 0.77%

What are the returns of PGIM India ELSS Tax Saver Fund since inception?

The PGIM India ELSS Tax Saver Fund was launched on Oct 19 2015. The fund has delivered a CAGR of 16.47 since inception.

What is the minimum SIP amount to invest in PGIM India ELSS Tax Saver Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for PGIM India ELSS Tax Saver Fund is 500.

How do I invest in PGIM India ELSS Tax Saver Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in PGIM India ELSS Tax Saver Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in PGIM India ELSS Tax Saver Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in PGIM India ELSS Tax Saver Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.