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

PGIM India Equity Savings Fund Direct Growth Plan sits in the hybrid space with a Medium Risk tag, and its NAV is ₹58.2311 as of 09 Sep 2026. The scheme AUM is ₹59 Cr. Its 1-year, 3-year and 5-year returns are 3.99%, 6.68% and 6.28%, respectively.

Our view is that this is a conservatively tilted hybrid fund with modest long-term compounding and limited downside swings, but it has not turned that profile into strong benchmark-beating returns. The fit is better for investors who want a steadier hybrid allocation and can accept a muted return pattern in exchange for lower volatility characteristics.

Quick facts

Particular	Details
NAV	₹58.2311 as of 09 Sep 2026
AUM	₹59 Cr
Expense Ratio	0.58%
Launch Date	01 Jan 2013
Min SIP	₹1,000
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	No exit load
Fund Managers	Anandha Padmanabhan Anjeneyan, Sharma Vivek, Vinay Paharia, Puneet Pal

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

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.87%	-4.69%
3M	2.30%	0.93%
1Y	3.99%	-7.16%
3Y	6.68%	6.00%
5Y	6.28%	5.87%

The recent picture is better than the benchmark on a relative basis, even though the absolute numbers remain modest. Over 1 month, the fund was down less than the benchmark, and over 3 months it moved ahead of the benchmark by a wider margin. That short-term resilience matters because it shows the portfolio has not been fully hostage to the benchmark’s weaker 1-year path.

The 1-year return is the clearest contrast: the fund stayed positive while the benchmark was negative. That is a useful sign for investors who want the cushioning effect of a hybrid structure. At the same time, the fund’s own 1-year return is still only 3.99%, so the upside has been limited rather than compelling.

Longer-term performance is more balanced. The 3-year and 5-year returns are close to the benchmark, with the fund slightly ahead in both cases. This tells us the fund has broadly tracked the market over longer stretches rather than delivering a distinct return premium. The pattern also suggests steadier compounding than sharp spikes, which is consistent with the fund’s lower-volatility profile.

Overall, the performance profile is one of modest consistency rather than strong outperformance. The fund has handled recent periods better than the benchmark, but the longer-term numbers still point to restrained growth. For investors, that makes the return path more about stability and less about chasing high growth.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD PGIM India Equity Savings?

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 Equity Savings Fund Direct Growth Plan	3.99%	6.68%	6.28%
Edelweiss Equity Savings Fund Direct Growth Plan	8.73%	11.43%	9.77%
HSBC Equity Savings Fund Direct Growth Plan	8.46%	12.8%	11.08%
WOC Equity Savings Fund Direct Growth Plan	7.66%	Data not available	Data not available
Mahindra Manulife Equity Savings Fund Direct Growth Plan	7.15%	9.34%	8.91%
Capitalmind Flexi Cap Fund Direct Growth Plan	6.06%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The fund’s 1-year return trails the better recent peer numbers by a clear margin, while its 3-year and 5-year returns also sit below the strongest available peer figures. That said, the comparison is not uniform across horizons: the fund has been closer to the pack on the longer time frame than on the latest 1-year number.

For an investor reading this alongside the benchmark comparison, the message is that the fund’s shorter-term recovery is decent but not standout. Peer data suggest stronger long-term compounding is available elsewhere in the same style of strategy, but the current fund has maintained a more moderate return profile. The short-term and long-term comparisons therefore tell slightly different stories: recent resilience is better than the headline 1-year peer gap implies, yet the multi-year figures still look subdued relative to the stronger alternatives.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Net Receivables / (Payables)	Cash & Cash Equivalents and Net Assets	48.97%
7.1% Government of India	Government Securities	8.58%
Brookfield India Real Estate Trust	Finance	4.96%
Indigrid Infrastructure Trust	Finance	4.74%
Indus Infra Trust	Finance	3.53%
8.87% Export Import Bank of India **	Corporate Debt	3.52%
7.18% Government of India	Government Securities	3.46%
Clearing Corporation of India Ltd.	Cash & Cash Equivalents and Net Assets	2.54%
HDFC Bank Ltd.	Bank	2.02%
ICICI Bank Ltd.	Bank	1.89%

The largest disclosed holding is Net Receivables / (Payables) at 48.97%, which is much larger than any other line item in the portfolio table. After that, the weights step down quickly into the single digits, and the tenth holding is only 1.89%. That drop tells us the visible exposure is dominated by a very large cash-and-net-assets position rather than by a broad cluster of similar-sized bets.

The top 10 holdings account for approximately 84.21% of the portfolio, and the fund discloses 20 holdings in total. That combination suggests a fairly concentrated visible top layer, even though the listed mix includes government securities, REITs, InvITs, corporate debt and banks. In our view, the large cash and cash-equivalent allocation may help explain the lower-volatility character described by the risk label, while the smaller positions could contribute to return variation without overwhelming the portfolio.

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

Source data date: as of 09 Sep 2026

Who should invest

This fund fits investors who are comfortable with Medium Risk and want a hybrid allocation that has historically moved with less drama than an equity-only portfolio. The 1-year return has been positive while the benchmark was negative, but the 3-year and 5-year numbers show only modest long-term growth rather than strong compounding.

The better fit is a medium- to long-term horizon where stability matters as much as return potential. Investors should accept the trade-off that the portfolio may offer smoother behaviour and benchmark cushioning, but may also lag stronger peer outcomes when markets reward more aggressive positioning. The visible mix of cash, government securities and listed infrastructure/real estate-style holdings supports that balanced, cautious profile.

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

No exit load.

Source data date: as of 09 Sep 2026

Frequently asked questions

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

The current NAV is ₹58.2311 as of 09 Sep 2026.

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

The 1-year return is 3.99%, the 3-year return is 6.68% and the 5-year return is 6.28%.

How has the fund performed versus the benchmark?

The fund has been ahead of the benchmark over 1 month, 3 months, 1 year, 3 years and 5 years. The gap is most visible over 1 year, where the benchmark was negative and the fund stayed positive.

How does the fund compare with the peer funds listed here?

Its recent and multi-year returns are below the stronger peer numbers shown here, especially on 1 year, 3 years and 5 years. The shorter history peers do not change that overall picture.

What is the minimum SIP for this fund?

The minimum SIP is ₹1,000.

Who manages the fund and what is the exit load?

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

Bottom line

PGIM India Equity Savings Fund Direct Growth Plan has a steadier return profile than the benchmark, but the longer-term numbers still point to restrained compounding rather than standout growth. In the peer set shown here, the fund’s return pattern is softer across the available horizons, although recent resilience is better than its absolute 1-year figure suggests. The portfolio is notably shaped by a very large cash-and-net-assets position, which is consistent with the conservative feel of the scheme and helps explain why the risk profile is more measured than a pure equity fund.

Published on 10 September 2026 at 9:21 AM 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.