PGIM India Aggressive Hybrid Equity Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

PGIM India Aggressive Hybrid Equity Fund Direct Growth Plan is priced at ₹156.97 as of 03 Sep 2026, with scheme AUM of ₹206 Cr. Its 1-year, 3-year and 5-year returns are 0.73%, 9.61% and 7.57%, and the fund sits in the High Risk category.

Our view is that this is a mixed but usable option for investors who want a hybrid structure and can tolerate volatility. The longer-run return pattern is steadier than the near-term outcome, while the portfolio holds a meaningful share in financials, sovereign papers and cash-like instruments, which may help shape risk, but not remove it.

Quick facts

Particular	Details
NAV	₹156.97 as of 03 Sep 2026
AUM	₹206 Cr
Expense Ratio	0.76%
Launch Date	01 Jan 2013
Min SIP	₹1,000
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	0.50% on or before 90D, Nil after 90D
Fund Managers	Sharma Vivek, Anandha Padmanabhan Anjeneyan, Vinay Paharia, Puneet Pal

The fund is managed by Sharma Vivek, Anandha Padmanabhan Anjeneyan, Vinay Paharia and Puneet Pal.

Source data date: as of 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.47%	-2.95%
3M	3.99%	2.27%
1Y	0.73%	-4.43%
3Y	9.61%	5.88%
5Y	7.57%	6.29%

The near-term picture is better than the benchmark on both 1-month and 3-month returns. The fund fell less than the benchmark over 1 month and also held up better over 1 year, which suggests the recent stretch has been choppier for the benchmark than for this scheme.

The 3-year and 5-year numbers are more helpful for judging the fund’s core compounding pattern. The fund stays ahead of the benchmark on both horizons, but the gap is not very large over 5 years, which points to a moderate long-term edge rather than a strong separation.

The monthly and quarterly paths also show a pattern that is not perfectly smooth. The fund has recovered after weaker patches, but the earlier swings mean investors should not treat the recent improvement as a straight line. In our view, the main message is that the scheme has been resilient enough to stay ahead of the benchmark across longer horizons, while still showing enough variation to justify a patient holding period.

That makes the return profile more suitable for investors who can look beyond one-year noise and focus on whether the hybrid mix can compound over several years. The 3-year figure is the clearest sign that the recent year may not be the best guide to the fund’s longer-term behavior.

Source data date: as of 03 Sep 2026

Should you BUY or HOLD PGIM India Aggressive Hybrid Equity?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
PGIM India Aggressive Hybrid Equity Fund Direct Growth Plan	0.73%	9.61%	7.57%
Bank of India Aggressive Hybrid Fund Direct Growth Plan	16.6%	17.67%	15.3%
HSBC Multi Asset Active FOF Direct Growth Plan	16.33%	16.04%	12.55%
Quant Aggressive Hybrid Fund Direct Growth Plan	12.37%	13.89%	13.28%
Navi Aggressive Hybrid Fund Direct Growth Plan	11.64%	12.77%	11.84%
Bandhan Aggressive Hybrid Fund Direct Growth Plan	9.77%	14.95%	12.01%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The fund’s 1-year return is far below the peer group figures shown here, while its 3-year and 5-year returns also trail the stronger peer outcomes. That said, the gap is much sharper on the recent one-year view than on the longer horizons, so the picture is not uniform across periods.

Over 3 years and 5 years, the fund remains below every peer listed here with available figures, but the distance is less severe than the one-year comparison suggests. In our view, the short-term story and the longer-term story are different: recent momentum is weak, while the longer-term record is simply more moderate than the stronger peers rather than deeply out of line.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Clearing Corporation of India Ltd.	Cash & Cash Equivalents and Net Assets	7%
HDFC Bank Ltd.	Bank	6.67%
ICICI Bank Ltd.	Bank	6.52%
7.26% Government of India	Government Securities	6.41%
Bharti Airtel Ltd.	Telecom	3.88%
Axis Bank Ltd. #	Certificate of Deposit	3.8%
Reliance Industries Ltd.	Crude Oil	3.54%
Larsen & Toubro Ltd.	Infrastructure	2.91%
Infosys Ltd.	IT	2.87%
7.1% Government of India	Government Securities	2.48%

The largest disclosed holding is Clearing Corporation of India Ltd. at 7%, which is sizeable but not overwhelming on its own. The next few positions are also meaningful, especially HDFC Bank Ltd. and ICICI Bank Ltd., so the top of the portfolio has several positions that could matter to day-to-day returns.

The weight then declines fairly gradually rather than dropping off sharply. By the tenth holding, the weight is 2.48%, so the list still retains several medium-sized positions after the leaders. That shape suggests the disclosed core is not built around one dominant bet alone.

At the same time, the top 10 holdings account for 46.08% of the portfolio, while the fund discloses 59 holdings in total. That combination suggests a fairly spread-out structure with a concentrated core: the leading positions may have greater influence, but there is still a longer tail behind them.

To see all holdings, visit the PGIM India Aggressive Hybrid Equity Fund Direct Growth Plan page

Source data date: as of 03 Sep 2026

Who should invest

This fund fits investors who can accept High Risk and stay invested long enough for the hybrid structure to work through market swings. The one-year result is weak, but the 3-year and 5-year figures are more stable and sit ahead of the benchmark, which makes patience important.

It is more suitable for an investor who wants a diversified hybrid approach rather than a very focused equity bet. The trade-off is that the portfolio includes meaningful equity exposure alongside debt and cash-like holdings, so returns may be uneven in the short run even when the longer-term pattern is steadier.

In our view, a multi-year horizon matters more here than trying to read too much into a single weak year. The fund may suit investors who can tolerate variability and are comfortable with a return path that is less smooth than a plain-vanilla defensive option.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: 0.50% on or before 90D, Nil after 90D.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of PGIM India Aggressive Hybrid Equity Fund Direct Growth Plan?

The current NAV is ₹156.97 as of 03 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The fund’s 1-year, 3-year and 5-year returns are 0.73%, 9.61% and 7.57%, respectively.

How does the fund compare with the benchmark?

It is ahead of the Nifty 50 benchmark across 1 month, 3 months, 1 year, 3 years and 5 years. The gap is most noticeable in the 1-year period, where the benchmark is negative and the fund is slightly positive.

How does it compare with peer funds on returns?

Its recent and long-term returns are below the peer funds listed here with available figures. The short-term gap is especially wide on the 1-year view, while the longer-term gap is more moderate.

What is the minimum SIP amount?

The minimum SIP amount is ₹1,000.

Who manages the fund and what is the exit load?

The fund is managed by Sharma Vivek, Anandha Padmanabhan Anjeneyan, Vinay Paharia and Puneet Pal. The exit load is 0.50% on or before 90D, and nil after 90D.

Bottom line

PGIM India Aggressive Hybrid Equity Fund Direct Growth Plan has a weaker one-year showing than its longer-term pattern, but the 3-year record is steadier and remains ahead of the benchmark. Against the listed peers, the return profile is more subdued across all available periods. The risk label is High Risk, and the portfolio combines banks, sovereign paper and cash-like holdings with other equity positions, so the structure is diversified but still not low-volatility. It suits investors who can wait through uneven stretches and focus on multi-year compounding.

Published on 5 September 2026 at 3:23 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.