PGIM India Midcap Fund Direct-Growth

Q: What are the returns of this mutual fund scheme?

The PGIM India Midcap Fund Direct-Growth is a 11 yrs 11 m old fund and has delivered average annual returns of 18.66% since inception. PGIM India Midcap Fund Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.54% 15.47% 25.61% 17.17% 18.66%

Previously called: PGIM India Midcap Opportunities Direct-G

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹76.92+0.01% 1 day change	18.66% p.a.	App exclusive #NA View Ranked Funds	₹11,326 Cr

Historical NAV & returns

NAV: ₹76.92 as on Oct 20, 2025

This fund Category average

PGIM India Midcap Fund overview

Expense ratio	0.45% as on Sep 30, 2025
Exit load	0.5% Exit load of 0.5%, if redeemed within 90 days.!
AUM (Fund size)	₹11,326 Cr
Lock-in Period	Nil
Age	11 yrs 11 m since Nov 11, 2013
Benchmark	NIFTY Midcap 150 TRI
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

PGIM India Midcap Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Oct 25, 2025

Period	This fund	Category average
1 Month	0.91%	2.13%
3 Months	1.77%	2.53%
6 Months	11.84%	12.82%
1 Year	7.54%	6.3%
2 Years	19.91%	25.02%
3 Years	15.47%	22.96%
4 Years	13.17%	18.08%
5 Years	25.61%	27.34%
7 Years	23.86%	21.81%
10 Years	17.17%	17.42%

View returns in detail

Asset allocationas on Sep 30, 2025

Large Cap 21.62%

Mid Cap 66.54%

Small Cap 6.36%

Other Cap 0%

Top holdings

Max Healthcare Institute Ltd.3.47%

JK Cement Ltd.3.05%

Muthoot Finance Ltd.2.93%

Solar Industries India Ltd.2.88%

Top sectors

Services 16.110000000000003%

Financial 14.049999999999999%

Healthcare 12.88%

Capital Goods 11.860000000000001%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 4.98%

Reserve Bank of India 0.18%

Allocation by Instruments

CBLO 4.98%

Mutual Fund 0.45%

Treasury Bills 0.18%

Other Holdings

PGIM India Liquid Fund Direct Plan-Growth 0.45%

Detailed portfolio analysis

Key risk & return ratios Compared to other funds in the category

Alpha	-4.35 vs. 5.62 Underperformed at beating benchmark
Sharpe	0.58 vs. 6.59 Poor risk-adjusted returns
Beta	0.81 vs. 0.95 Less sensitive to market ups & downs
Standard deviation	13.72 vs. 13.41 More volatile performance

Compare PGIM India Midcap Fund in detail with

About this fund

About PGIM India Midcap Fund

PGIM India Midcap Fund Direct-Growth is a Mid Cap mutual fund scheme from Pgim India Mutual Fund. This fund has been in existence for 11 yrs 11 m, having been launched on 11/11/2013. PGIM India Midcap Fund Direct-Growth has ₹11,326 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of PGIM India Midcap Fund Direct-Growth as of 20/10/2025 is ₹76.92. The fund has an expense ratio of 0.45%, which is less than what most other Mid Cap funds charge.

PGIM India Midcap Fund Direct-Growth returns of last 1-year are 3.30%. Since launch, it has delivered 18.72% average annual returns. The fund has doubled the money invested in it every 5 yrs.
PGIM India Midcap Fund Direct-Growth scheme's ability to deliver returns consistently is lower than most funds of its category. Its ability to control losses in a falling market is low.
The fund has the majority of its money invested in Services, Financial, Healthcare, Capital Goods, Chemicals sectors. It has taken less exposure in Services, Financial sectors compared to other funds in the category.
The fund's top 5 holdings are in Max Healthcare Institute Ltd., JK Cement Ltd., Muthoot Finance Ltd., Solar Industries India Ltd., HDFC Asset Management Company Ltd..

...

Fund AUM	11,326 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Vivek Sharma

Mr. Sharma is a PGDM Finance 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.

Puneet Pal

Mr. Pal is a B.Com (H) and MBA from SIBM Pune. 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.

Vinay Paharia

Mr. Paharia holds a B.Com degree from Narsee Monjee College and an M.M.S. degree from Welingkar Institute of Management, Mumbai. Prior to joining PGIM India Mutual Fund, he was associated with Union Mutual Fund, Invesco Asset Management Company, L&T Mutual Fund, K R Choksey Shares and Securities Pvt Ltd (Jan 2004-Jan 2006), First Global Stock broking Pvt. Ltd (Jun 2002-Jan 2004).

Utsav Mehta

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

Investment objective

The scheme seeks to achieve long-term capital appreciation by predominantly investing in equity & equity related instruments of mid cap companies.

PGIM India Mutual Fund details

No. of schemes	24 view all schemes
Total AUM	26,927 Cr as on Sep 30, 2025
Address	7th Floor, Radhe Empire, Chandavarkar Road Borivali (W), Mumbai Mumbai, 400092
Phone	+91 22 6159 5441 / 42 , 1800 209 7446

More funds from PGIM India Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
PGIM India ELSS Tax Saver Fund	N.A.	757 Cr	8.52%	21.52%
PGIM India Flexi Cap Fund	N.A.	6,193 Cr	8.78%	20.78%
PGIM India Large Cap Fund	N.A.	593 Cr	8.51%	17.07%
PGIM India Small Cap Fund	N.A.	1,568 Cr	7.8%	N.A.
PGIM India Global Equity Opportunities FoF	N.A.	1,615 Cr	10.26%	9.75%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of PGIM India Midcap Fund Direct-Growth?

The current Net Asset Value (NAV) of the PGIM India Midcap Fund - Direct Growth plan is approximately ₹76.92 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The PGIM India Midcap Fund Direct-Growth is a 11 yrs 11 m old fund and has delivered average annual returns of 18.66% since inception.

PGIM India Midcap Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.54%	15.47%	25.61%	17.17%	18.66%

How much does this mutual fund charge as expense ratio?

The PGIM India Midcap Fund - Direct Growth has an expense ratio of 0.45%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The PGIM India Midcap Fund currently has assets under management (AUM) or fund size valued at approximately 11,326 Cr as on Sep 30, 2025.

What are the top stock holdings of PGIM India Midcap Fund?

The PGIM India Midcap Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
Max Healthcare Institute Ltd.	3.47%
JK Cement Ltd.	3.05%
Muthoot Finance Ltd.	2.93%
Solar Industries India Ltd.	2.88%
HDFC Asset Management Company Ltd.	2.82%
UNO Minda Ltd.	2.79%
Max Financial Services Ltd.	2.77%
Vishal Mega Mart Ltd.	2.7%
Eternal Ltd.	2.62%
Bharti Hexacom Ltd.	2.5%

What are the top sectors PGIM India Midcap Fund has invested in?

The PGIM India Midcap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Services	16.110000000000003%
Financial	14.049999999999999%
Healthcare	12.88%
Capital Goods	11.860000000000001%
Chemicals	7.76%
Automobile	7.739999999999999%
Materials	5.55%
Technology	4.0200000000000005%
Construction	3.05%
Communication	2.5%

What is risk level of PGIM India Midcap Fund?

This is a Mid Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in PGIM India Midcap Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for PGIM India Midcap Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the PGIM India Midcap Fund is complete.

How can I redeem my investments in PGIM India Midcap Fund?

Redeeming your investments in the PGIM India Midcap Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Mid Cap

#NA

Return Outperformance: This fund has generated highest return amongst Mid Cap funds in the last 10 Years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Expense Ratio: This fund has the 3rd lowest expense ratio amongst actively/passively managed Mid Cap funds.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Chance: This fund has generated only 13.29% annual return in 70% of times for investors holding for at least 5 years.
Exit Load: Exit load of 0.5%, if redeemed within 90 days.