PGIM India Flexi Cap Fund
Direct · GrowthAI Summary
PGIM India Flexi Cap Fund has delivered consistent outperformance versus the NIFTY 50 across all long-term windows, with a 10Y fund CAGR of 13.83% against the benchmark's 10.01% and positive alpha at every horizon (ranging from 2.13% to 6.60%). On the primary SIP metric, its XIRR beats the category average at 3Y (14.92% vs 14.78%), 5Y (18.30% vs 16.09%), and 7Y (18.13% vs 15.48%), though it slightly trails at 10Y (16.05% vs 15.97%). The 1Y SIP XIRR of 9.94% is modestly ahead of the category's 9.55% despite a difficult recent year (2026: -5.86%).
The fund exhibits defensive characteristics with a beta below 1 across all periods (0.89-0.95) and consistently lower downside capture (84-91%) than upside capture (91-96%), meaning it falls less than the benchmark in weak markets. Its maximum drawdown of just -0.36% with a 40-day duration and 120-day recovery indicates strong drawdown control, though 8 drawdown events exceeding 10% over the long history show it is not immune to equity market corrections. Calmar ratios of 0.42-0.48 across horizons reflect solid risk-adjusted returns relative to drawdown.
Detailed holdings and sector allocation data were not provided in this dataset, so specific top holdings and concentration levels cannot be assessed. As a flexi cap fund, it has the mandate to invest across large, mid, and small caps, giving the manager flexibility to shift allocation based on market conditions. Investors should review the latest factsheet for current portfolio composition before investing.
The fund outperforms the category average SIP XIRR at 1Y, 3Y, 5Y, and 7Y horizons, with the most notable edge at 5Y (18.30% vs 16.09%) and 7Y (18.13% vs 15.48%). Its calendar year returns show strong consistency, with positive years in 9 of the last 12 including standout gains of 45.60% in 2021 and 38.64% in 2020. The low expense ratio of 0.49% for the direct plan further supports its net-of-cost competitiveness among peers.
This fund suits investors seeking diversified equity exposure with a long-term horizon of at least 5-7 years, as its outperformance versus benchmark and category has been most pronounced over multi-year periods. Its below-1 beta and lower downside capture make it appropriate for moderately risk-tolerant investors who want equity growth with somewhat cushioned downside. SIP investors in particular benefit from the strong 5Y and 7Y XIRR figures relative to category peers.
- Positive alpha versus NIFTY 50 at every measured horizon from 1Y to 15Y, including 6.60% alpha over 7Y
- Superior SIP XIRR versus category averages at 5Y (18.30% vs 16.09%) and 7Y (18.13% vs 15.48%)
- Defensive profile with downside capture consistently below upside capture (e.g., 84.36% downside vs 91.71% upside over 7Y) and a low 0.49% expense ratio
- 10Y SIP XIRR of 16.05% only marginally exceeds the category average of 15.97%, showing the long-term edge over peers has narrowed
- Recent performance is weak, with calendar year 2026 returning -5.86% and 2025 just 5.43%, and the 1Y fund CAGR of -6.96% trailing the benchmark's -12.71% decline only modestly
Generated on 25-10-2026, 2:20 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.66 L | 17.1% | -53.5% | 108.1% |
| 3 Years | ₹36.00 L | ₹44.17 L | 16.6% | -19.5% | 49.0% |
| 5 Years | ₹60.00 L | ₹96.98 L | 18.0% | -7.3% | 31.3% |
| 7 Years | ₹84.00 L | ₹1.60 Cr | 18.1% | 11.6% | 23.2% |
| 10 Years | ₹1.20 Cr | ₹2.77 Cr | 16.0% | 13.4% | 17.9% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 17.1% | 14.3% | 9.5% | +2.8% |
| 3 Years | 16.6% | 11.0% | 14.7% | +5.5% |
| 5 Years | 18.0% | 10.4% | 16.1% | +7.7% |
| 7 Years | 18.1% | 10.6% | 15.5% | +7.6% |
| 10 Years | 16.0% | 11.4% | 16.0% | +4.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 16.4% | 10.9% | -27.9% | 124.5% | 0.45 | 1.74 | 80% | — | — |
| 3 Years | 16.3% | 14.1% | -5.2% | 40.4% | 1.24 | 8.60 | 99% | — | — |
| 5 Years | 17.6% | 18.6% | 0.1% | 30.9% | 2.03 | 21.51 | 100% | — | — |
| 10 Years | 15.3% | 15.4% | 13.7% | 17.4% | 13.11 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +5.43 | 0.95 | 95.3% | 87.6% | -4.6% | -10.9% |
| 3 Years | +4.18 | 0.93 | 95.8% | 90.2% | 10.6% | 6.4% |
| 5 Years | +1.71 | 0.92 | 91.3% | 88.4% | 7.0% | 5.2% |
| 7 Years | +6.57 | 0.89 | 91.5% | 84.2% | 16.2% | 10.0% |
| 10 Years | +4.29 | 0.90 | 92.2% | 86.9% | 14.3% | 10.3% |
| 12 Years | +4.41 | 0.91 | 92.8% | 87.1% | 12.7% | 8.4% |
| 15 Years | +3.35 | 0.91 | 92.8% | 87.1% | 10.0% | 6.7% |