PGIM India Mutual Fund Review: AUM, Schemes & Top Funds
PGIM India Mutual Fund manages ₹28,027.99 crore across 22 schemes, offering equity, debt and hybrid options backed by Prudential Financial's global expertise.
PGIM India Mutual Fund is a wholly owned subsidiary of PGIM, the global investment management arm of US-based Prudential Financial, Inc. (PFI). With a total AUM of ₹28,027.99 crore spread across 22 schemes, it serves retail and institutional investors in India through equity, debt, hybrid, and international fund-of-fund offerings. Incorporated in May 2010, the fund house has built a 16-year track record in India while drawing on PGIM's 140-year global heritage.
Key takeaways
- Total AUM of ₹28,027.99 crore managed across 22 schemes
- Wholly owned by PGIM, the investment arm of Prudential Financial, Inc., which manages over USD 1.4 trillion in AUM globally
- Product range spans equity, debt, hybrid and international fund-of-fund schemes; also offers Offshore Funds and Portfolio Management Services
- 4 portfolios carry an AAAmfs rating from ICRA; 27-city network with over 8,000 distributor tie-ups
- Led by CIO Vinay Paharia and CEO Abhishek Tiwari
About PGIM India Mutual Fund
PGIM India Mutual Fund, formerly known as DHFL Pramerica Mutual Fund, is a wholly owned business of PGIM—the global investment management division of US-based Prudential Financial, Inc. (PFI). Prudential Financial manages over USD 1.4 trillion in AUM globally, operating across 16 countries through 38 offices staffed by more than 1,300 investment professionals. Its actively managed asset classes span equities, fixed income and real estate.
The fund house was incorporated on 13 May 2010. Over its 16 years in India it has developed a domestic track record while continuing to leverage PGIM's global investment infrastructure and long-standing institutional strengths.
Key fund house details
The table below captures the fund house's key organisational and regulatory information at a glance.
| Field | Detail |
|---|---|
| Total AUM | ₹28,027.99 crore |
| Number of schemes | 22 |
| AMC age | 16 years |
| Incorporation date | 13 May 2010 |
| Sponsors | Prudential Financial |
| Trustee organisation | PGIM India Trustees Private Ltd. |
| Trustees | Dr. John Praveen, Mr. Srinath Sridharan, Mr. Kanakasabapathy Kumar, Mr. Rakesh Sood, Mr. Sivaraman Narayanaswami |
| CIO | Vinay Paharia(Chief Investment Officer) |
| MD | Mr. Ajit Menon |
| CEO | Abhishek Tiwari(Chief Executive Officer) |
| Compliance officer | Mr. Sandeep Kamath |
| Address | 7th Floor, Radhe Empire, Chandavarkar RoadBorivali (W), Mumbai Mumbai 400092 |
What PGIM India Mutual Fund offers
PGIM India Asset Management operates as a full-service investment manager. Its product shelf covers equity, debt, hybrid, and international fund-of-fund schemes for both retail and institutional investors across India. Beyond domestic mutual funds, it also offers Offshore Funds and Portfolio Management Services (PMS).
The fund house manages 19 open-ended funds, run by a team of 18 investment professionals. Key highlights of its network and institutional standing:
- 27-city distribution network across India
- Tie-ups with over 8,000 distributors
- More than 1,500 institutional relationships
- 4 portfolios rated AAAmfs by ICRA
- Differentiated asset allocation solutions designed for tax efficiency
Top 10 PGIM India Mutual Funds
The funds below are ranked by Invo Wealth's internal quality score; the tables show the underlying performance and risk numbers only.
Returns across time horizons
The following table compares 6-month, 1-year, 3-year and 5-year returns across PGIM India's top-ranked funds.
Performance data as of 5 September 2026.
| Fund | Sub-category | 6M CAGR | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| PGIM India Liquid Fund | Liquid Fund | 7.03% | 6.44% | 6.88% | 6.24% |
| PGIM India Overnight Fund | Overnight Fund | 5.08% | 5.14% | 6.00% | 5.62% |
| PGIM India Healthcare Fund | Sectoral/Thematic Fund | 45.83% | 23.09% | -- | -- |
| PGIM India CRISIL IBX Gilt Index - Apr 2028 Fund | Index Fund | 4.15% | 5.15% | 7.11% | -- |
| PGIM India ELSS Tax Saver Fund | ELSS (Tax Saver) Fund | 13.20% | 0.84% | 8.14% | 9.18% |
| PGIM India Gilt Fund | Gilt Fund | 2.55% | 2.04% | 5.40% | 4.59% |
| PGIM India Dynamic Term Fund | Dynamic Bond Fund | 2.88% | 2.79% | 5.82% | 4.87% |
| PGIM India Global Select Real Estate Securities Fund of Fund | Fund of Funds (FoF) | 6.89% | 15.48% | 14.14% | -- |
| PGIM India Multi Cap Fund | Multi Cap Fund | 25.77% | 8.62% | -- | -- |
| PGIM India Small Cap Fund | Small Cap Fund | 53.45% | 14.63% | 15.46% | 12.75% |
All funds listed are Regular Plan - Growth option. CAGR = compound annual growth rate.
Risk and volatility metrics
| Fund | ISIN | Mean 1Y rolling return | Volatility | Max drawdown (3Y) | Sortino ratio |
|---|---|---|---|---|---|
| PGIM India Liquid Fund | INF223J01BP6 | 5.97% | 0.18% | -0.00% | -1.69 |
| PGIM India Overnight Fund | INF663L01T43 | 5.47% | 0.10% | 0.00% | -14.02 |
| PGIM India Healthcare Fund | INF663L01Z52 | 9.41% | 15.69% | -14.58% | 1.40 |
| PGIM India CRISIL IBX Gilt Index - Apr 2028 Fund | INF663L01X54 | 7.50% | 1.23% | -0.66% | 0.14 |
| PGIM India ELSS Tax Saver Fund | INF663L01FQ8 | 14.31% | 15.91% | -17.89% | 0.10 |
| PGIM India Gilt Fund | INF223J01AQ6 | 4.90% | 3.60% | -3.84% | -0.62 |
| PGIM India Dynamic Term Fund | INF663L01484 | 5.09% | 2.69% | -2.18% | -0.63 |
| PGIM India Global Select Real Estate Securities Fund of Fund | INF663L01W97 | 8.38% | 16.99% | -16.10% | 0.61 |
| PGIM India Multi Cap Fund | INF663L01Y87 | 5.94% | 17.38% | -18.61% | 0.13 |
| PGIM India Small Cap Fund | INF663L01W30 | 11.83% | 18.71% | -21.95% | 0.62 |
A few standout data points from the figures above:
- PGIM India Small Cap Fund delivered 53.45% over 6 months and a 3-year return of 15.46%, with a maximum drawdown of -21.95% and volatility of 18.71%.
- PGIM India Healthcare Fund posted 45.83% in 6 months; as a newer fund, it does not yet carry a 3-year or 5-year track record.
- PGIM India ELSS Tax Saver Fund has returned 9.18% over 5 years—relevant for investors seeking deductions under Section 80C.
- PGIM India Liquid Fund and PGIM India Overnight Fund exhibit the lowest volatility at 0.18% and 0.10% respectively, making them suited to short-term cash management.
- PGIM India Global Select Real Estate Securities Fund of Fund returned 14.14% over 3 years, offering exposure to international real estate.
How to invest in PGIM India Mutual Funds
Investing in PGIM India Mutual Funds can be done online or offline. Sign up on Invo Wealth, get complete portfolio insights and start investing in mutual funds that actually suit you. Alternatively, you can invest directly through the fund house's official website or any other registered online platform or mobile app.
For SIP investments, key inputs to consider include the investment amount, SIP tenure, expected rate of return and the number of instalments already paid. A Step-up or Top-up SIP facility allows you to gradually increase contributions over time—confirm availability with the fund house and use a Step-up Calculator to plan the revised amounts.
To cancel an active SIP, place a Cancel SIP request by logging in to the fund house's website with your folio number, contacting your agent, or using the online platform where you invested. Redemptions follow the same channels: online via the fund house website or your investment platform, or offline at the nearest branch.
Conclusion
PGIM India Mutual Fund combines 16 years of domestic operations with the backing of PGIM's global investment infrastructure. With ₹28,027.99 crore in AUM across 22 schemes—spanning liquid funds, sectoral themes, tax-saving ELSS and international funds of funds—it caters to a wide range of investor profiles and time horizons. The ICRA AAAmfs rating on four portfolios and a 27-city distribution network with over 8,000 distributor tie-ups further reflect the fund house's institutional credibility.
Frequently asked questions
How do I start a SIP in PGIM India Mutual Fund online?
You can start a PGIM India Mutual Fund SIP online through Invo Wealth or directly on the fund house's official website. Several other registered online platforms and mobile apps also allow you to set up a SIP without any hassle.
How do I redeem my PGIM India Mutual Fund investment?
You can redeem offline by visiting the nearest fund house branch and submitting a redemption form. Online, log in to the fund house's website using your folio number, or redeem through the online portal where you originally invested.
Can I increase my SIP amount in PGIM India Mutual Fund?
Yes, the Step-up or Top-up SIP facility allows you to gradually increase your contribution over time. Confirm availability with the fund house first, then use a Step-up Calculator to plan the revised SIP amount before making any changes.
How do I stop or cancel my PGIM India Mutual Fund SIP?
You can cancel your SIP at any time by placing a Cancel SIP request. This can be done by logging in to the fund house's website with your folio number, contacting your agent, or following the cancellation steps on your online investment platform.
What inputs do I need to calculate my PGIM India Mutual Fund SIP returns?
To estimate SIP returns you need your investment amount, SIP tenure, expected rate of return, and the number of instalments already paid. An online SIP calculator uses these inputs to project the maturity value of your investment.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. This article is for education only and is not investment advice. Past performance does not guarantee future returns. Invo Wealth is an AMFI-registered mutual fund distributor (ARN-368528).