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

PGIM India Equity Savings Fund Direct Growth Plan has a NAV of ₹58.4163 as of 04 Sep 2026 and an AUM of ₹59 Cr. Its 1-year, 3-year and 5-year returns are 4.16%, 6.88% and 6.35% respectively, with a Medium Risk tag. Our view is that this is a measured hybrid option for conservative investors who want a steadier profile than an equity-heavy fund, but it still asks for patience because the recent return profile is softer than the medium-term track.

The portfolio is positioned with a large cash and receivables buffer, government securities and a few listed infrastructure-style holdings. That mix can support lower day-to-day volatility, but it also means the fund is likely to move more gradually than a pure equity strategy.

Quick facts

Particular	Details
NAV	₹58.4163 as of 04 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 04 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.39%	-2.95%
3M	2.81%	2.27%
1Y	4.16%	-4.43%
3Y	6.88%	5.88%
5Y	6.35%	6.29%

Over the most recent month, the fund declined slightly, but it held up better than the benchmark, which fell more sharply. That tells us the portfolio has retained some defensive quality in a weak patch, even though short-term momentum is not especially strong.

The three-month picture is healthier. The fund returned 2.81% against 2.27% for the benchmark, so it stayed marginally ahead while still moving in a relatively modest band. For a hybrid scheme, that kind of behaviour usually matters more than large bursts of upside.

The one-year return is more useful for judging the current tone of the fund. At 4.16%, it is positive, while the benchmark is negative at -4.43%. That gap suggests the fund has been more resilient over the recent cycle than the index it is compared with, even if the absolute return remains moderate.

Longer term, the picture is steady rather than exciting. The three-year return of 6.88% is slightly ahead of the benchmark’s 5.88%, and the five-year return of 6.35% is almost in line with the benchmark’s 6.29%. Our reading is that the fund has delivered a smoother compounding path than the benchmark over the medium term, but without a large long-run return advantage.

Source data date: as of 04 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	4.16%	6.88%	6.35%
Edelweiss Equity Savings Fund Direct Growth Plan	8.83%	11.63%	9.77%
HSBC Equity Savings Fund Direct Growth Plan	8.58%	13.26%	11.08%
WOC Equity Savings Fund Direct Growth Plan	8.08%	Data not available	Data not available
Mahindra Manulife Equity Savings Fund Direct Growth Plan	7.75%	9.82%	9.04%
Mirae Asset Equity Savings Fund Direct Growth Plan	6.47%	10.18%	9.16%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On the recent one-year view, the fund trails the stronger peer numbers and sits below several peers that have posted higher returns over the same horizon. The gap is wider on the three-year and five-year tables, where the available peers have materially stronger outcomes than this fund. The short-term story and the longer-term story both lean in the same direction here: the fund has been steadier than the benchmark at times, but it has not matched the stronger compounding profile seen across several peers.

Source data date: as of 04 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Net Receivables / (Payables)	Cash & Cash Equivalents and Net Assets	48.68%
7.1% Government of India	Government Securities	8.54%
Brookfield India Real Estate Trust	Finance	5.09%
Indigrid Infrastructure Trust	Finance	4.97%
8.87% Export Import Bank of India **	Corporate Debt	3.51%
Indus Infra Trust	Finance	3.45%
7.18% Government of India	Government Securities	3.44%
HDFC Bank Ltd.	Bank	2.12%
ICICI Bank Ltd.	Bank	1.9%
Reliance Industries Ltd.	Crude Oil	1.69%

The largest holding is Net Receivables / (Payables) at 48.68%, which is very substantial on its own and gives the portfolio a strong cash-like anchor. After that, the weight drops to 8.54% for 7.1% Government of India, so the exposure thins out quickly from the first line item to the rest of the portfolio.

By the tenth holding, the weight is down to 1.69%, which shows a clear tapering pattern across the visible holdings. That kind of spread means the disclosed portfolio is not dependent only on one security after the largest cash position, but the first few positions still likely have greater influence than the tail.

The top 10 holdings account for approximately 83.39% of the portfolio, and 19 holdings are disclosed in total. That suggests a portfolio that is meaningfully concentrated in the leading positions while still leaving room for a longer tail of smaller allocations.

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

Source data date: as of 04 Sep 2026

Who should invest

This fund suits investors who can live with moderate risk and who want a hybrid structure rather than a pure equity bet. The Medium Risk tag and the sizable cash-and-debt style allocations point to a profile that may appeal to conservative savers with a medium to long holding period.

The main trade-off is clear: the fund has shown better resilience than the benchmark in weak patches, but it has not delivered the stronger longer-term gains seen in several peers. Investors who want smoother behaviour and can accept moderate returns may find that balance workable, while those seeking faster growth may view the pace as restrained.

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: No exit load.

Source data date: as of 04 Sep 2026

Frequently asked questions

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

The current NAV is ₹58.4163 as of 04 Sep 2026.

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

The fund’s returns are 4.16% for 1 year, 6.88% for 3 years and 6.35% for 5 years.

How has the fund performed versus its benchmark?

It has been ahead of the benchmark over 1 year, 3 years and 5 years, and it also held up better over 1 month despite a slight decline.

How does it compare with peer funds on available return data?

Several peers show stronger 1-year, 3-year and 5-year returns. The fund’s recent and medium-term returns are steadier than the benchmark in parts, but they are lower than the stronger peer figures available here.

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 Anandha Padmanabhan Anjeneyan, Sharma Vivek, Vinay Paharia and Puneet Pal. There is no exit load.

Bottom line

PGIM India Equity Savings Fund Direct Growth Plan has been steadier than its benchmark in recent periods, but its longer-term return profile is measured rather than strong. The peer table also shows that several comparable funds have posted higher 1-year, 3-year and 5-year returns. Its Medium Risk profile, cash-heavy first holding and government-debt exposure make it a more defensive hybrid choice than a growth-led one, so it fits investors who prefer balance and can accept moderate compounding rather than aggressive upside.

Published on 5 September 2026 at 3:29 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.