Investment Objective and Approach

The primary objective of PGIM India Midcap Fund is to achieve long-term capital appreciation by predominantly investing in equity & equity related instruments of mid cap companies. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns.

The fund predominantly invests in midcap stocks in accordance with the investment objective and asset allocation. Aims to Identify quality midcap stocks which can benefit from a favourable economic environment. Opportunity to invest in turn around stories/good companies going through bad times with significant potential for alpha generation.

The fund's investment approach is built on identifying undervalued midcap companies with strong fundamentals and growth potential. The investment team focuses on companies that can benefit from India's economic growth trajectory while maintaining a disciplined approach to risk management.

Key Investment Benefits:

- Offers greater growth potential as compared to Large Cap funds

- Less volatile as compared to Small Cap funds

- Tends to recover quickly when the economy revives

- Ideal for your long term life goals such as retirement, children's higher education and so on

Fund Managers

Kumaresh Ramakrishnan, Avinash Agarwal is the Current Fund Manager of PGIM India Midcap Fund Direct Growth fund. The fund is managed by a team of experienced professionals:

Vivek Sharma - The fund managers are Vivek Sharma, Vinay Paharia, Utsav Mehta, Puneet Pal. Extensive experience within the Indian financial markets, particularly in equity research.

Vinay Paharia - Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager. Mr. Paharia holds a B.Com degree from Narsee Monjee College and an M.M.S. degree from Welingkar Institute of Management, Mumbai.

Utsav Mehta - Prior to joining PGIM India Asset Management Pvt. Ltd. - Equity Analyst and Asst. Fund Manager, he has worked with ICICI Securities Ltd. - Equity Analyst and JP Morgan Services India Pvt. Ltd.- Associate - Investment Banking. Mr. Mehta has done B.Com and CFA Prior to joining PGIM Mutual Fund, he has worked with Edelweiss Asset Management Ltd and Ambit Capital

Puneet Pal - Industry veteran with over two decades of equity research and fund management experience.

About the Fund House (AMC)

PGIM India Mutual Fund is a wholly owned business of PGIM, the global investment management business of the US based Prudential Financial, Inc. (PFI). PGIM is a leading global investment manager with a wide range of actively managed asset classes including Equities, Fixed Income, Real Estate, private credit, and other alternatives.

Headquartered in Mumbai, PGIM India Asset Management has a presence in 25 cities across the country including branches in Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata and Pune. PGIM India AMC is a full service investment manager offering a broad range of equity and fixed income solutions to retail and institutional investors. In addition to managing our investors assets through domestic Mutual Funds and International Fund of Funds, we also offer Portfolio Management Services and Alternative Investment Funds.

Global Strength:

- PFI, short for Prudential Financial Inc, is one of the top 10 investment managers with over USD 1.4 trillion in asset under management (AUM). PGIM operates across 16 countries and has 38 offices with over 1,300+ investment professionals.

- The fund house leverages the strength and stability of PGIM's shared legacy of 150 years to build on its long presence in India. With a powerful multi-manager model, PGIM is built on the strength and stability of 150-years of shared legacy.

Current AUM: As of March 2024, it has a total AUM of 23240.16 Crores.

Should I Invest in PGIM India Midcap Fund?

PGIM India Midcap Fund can be suitable for investors with specific risk profiles and investment objectives:

Ideal For:

- Investors seeking long-term wealth creation through midcap exposure

- Those with a risk tolerance for moderate to high volatility

- At least five years and more investment horizon

- Investors looking to diversify their portfolio with midcap opportunities

Key Considerations:

- The fund has outperformed the benchmark (Nifty Midcap 150) over 1Y, but underperformed over 3Y, 5Y.

- Ranked 10 out of 19 mutual funds in the mid-cap category as per INDmoney.

- Midcap funds are inherently more volatile than large-cap funds but offer higher growth potential

Financial Details (as of August 2025):

- Latest NAV: ₹77.00 as of 22 Aug 2025

- AUM: ₹26,646 Cr

- Expense Ratio: 0.45%

- Exit Load: 0.5% if redeemed in 0-90 Days

- Minimum SIP: ₹1,000 for the SIP (Systematic Investment Plan) option

- Minimum Lumpsum: ₹5,000 for the lump sum

Performance Track Record:

- Since Inception Returns: 18.79% CAGR since inception

- 1 Year: 6.09% CAGR

- 3 Year: 15.05% CAGR

- 5 Year: 27.05% CAGR

FAQs

What is today's NAV of PGIM India Midcap Fund?

The latest NAV of PGIM India Midcap Fund is ₹77.00 as of 22 Aug 2025. NAV is updated daily and reflects the per-unit price of the fund.

What is the AUM of PGIM India Midcap Fund?

The fund currently has an Asset Under Management(AUM) of ₹26,646 Cr as of August 2025. This represents the total market value of assets managed by the fund.

What is the expense ratio of PGIM India Midcap Fund?

The expense ratio is 0.45%. This is the annual fee charged for managing the fund and is relatively competitive for the midcap category.

What are the returns of PGIM India Midcap Fund since inception?

PGIM India Midcap Fund Direct Growth has given a CAGR return of 18.79% since inception. The fund was launched in November 2013.

What is the minimum SIP amount to invest in PGIM India Midcap Fund?

The minimum investment required for the SIP (Systematic Investment Plan) option is ₹1,000. This makes it accessible for regular monthly investments.

How do I invest in PGIM India Midcap Fund?

You can invest through Allvest platform by completing your KYC, selecting the fund, choosing SIP or lumpsum option, and setting up payment through bank mandate or UPI. Allvest provides a seamless investment experience.

How to start a SIP in PGIM India Midcap Fund?

Register on Allvest, complete KYC verification, search for PGIM India Midcap Fund, select SIP option, choose investment amount (minimum ₹1,000), and set up auto-debit instructions.

How do I automate an SIP in PGIM India Midcap Fund?

Through Allvest, you can set up automatic monthly debits from your bank account. You need to commit at least 5 instalments (monthly or quarterly) of Rs 1,000 per instalment through SIP.

How can I withdraw/redeem my investment in PGIM India Midcap Fund?

You can redeem your investment through Allvest platform or directly with PGIM India. After placing the redemption request, you can expect your investment to land in your bank account within two-three business days. Note the exit load applies if redeemed within 90 days.