PGIM India Mutual Fund

About PGIM India Mutual Fund

PGIM India Mutual Fund is run by PGIM India Asset Management, the Indian arm of PGIM, the global asset management business of Prudential Financial, Inc., a major US-headquartered financial services company (distinct from the UK-based Prudential plc that co-owns ICICI Prudential).

Ownership and Heritage

The fund house was originally known as DHFL Pramerica Mutual Fund, a joint venture between Dewan Housing Finance Limited (DHFL) and Pramerica Financial. As DHFL faced serious financial difficulties, PGIM acquired the remaining stake in the joint venture, and the fund house was renamed PGIM India Mutual Fund in July 2019, becoming a wholly owned business of Prudential Financial's PGIM asset management arm.

Fund Range and Approach

PGIM India offers a scheme range across large-cap, mid-cap, small-cap and flexi-cap equity funds, debt funds, and hybrid schemes, now operating under stable single-ownership structure since the 2019 rebrand away from its troubled former DHFL co-sponsor.

Who Should Consider PGIM India Mutual Fund

Investors interested in a wholly foreign-owned AMC backed by a major global financial services company, now several years removed from its earlier DHFL-related ownership uncertainty, may consider PGIM India Mutual Fund's scheme range.

A Note on the DHFL Pramerica History

Because the fund house changed its name and full ownership structure in 2019, any scheme history from the DHFL Pramerica era predates PGIM's full ownership. This is now a settled, multi-year-old transition rather than an ongoing concern, but it's still worth checking the current fund manager's tenure specifically for any scheme you're evaluating.

Checking a Scheme's Risk-o-Meter

Every Indian mutual fund scheme is required to display a standardised risk-o-meter (ranging from "Low" to "Very High") on its factsheet, reflecting SEBI's categorisation rules for that specific fund type. Checking this alongside the scheme's exact category label - not just its name - is a quick way to confirm a fund actually matches the risk level you're comfortable with before investing, regardless of which AMC runs it.

Checking Total Expense Ratio Trends

SEBI requires every AMC to publish each scheme's total expense ratio (TER) regularly, and TERs can change over time as a scheme's assets under management grow (regulations generally allow a lower TER ceiling for larger schemes). It's worth checking a scheme's current TER directly on the AMC's factsheet rather than relying on a figure that may be a few months old, since even a small change compounds meaningfully over a long holding period.

Reading the Scheme Documents

Before investing in any specific scheme, it's worth reading its scheme information document (SID) and key information memorandum (KIM), both freely available on the AMC's own website - these spell out the exact investment mandate, risk factors, benchmark, and exit load in far more detail than any summary page, including this one, can provide.

Costs: Direct vs Regular Plans

PGIM India schemes are available as Direct Plans or Regular Plans. Use the Expense Ratio Impact Calculator on this site to estimate the long-term rupee difference between the two.

Investing With PGIM India Mutual Fund

Every scheme tracked on this site shows live NAV, computed CAGR and absolute returns, and expense ratio, sourced from AMFI India and MFAPI - see the scheme list below, or open any individual scheme's page to project a SIP or lumpsum investment using its own historical performance and current NAV.