PGIM India Large and Mid Cap Fund
Direct · GrowthAI Summary
The PGIM India Large and Mid Cap Fund has delivered a 1-year XIRR of 5.35%, which is significantly below the category average of 16.54% for the same period. Over the long term, the fund's CAGR has consistently outperformed the NIFTY 50 benchmark, with a 10-year CAGR of 2.84% versus 0.88% for the benchmark, and positive alpha across all periods. However, the fund's recent performance has lagged its peers, indicating a potential short-term underperformance.
The fund exhibits moderate risk with a maximum drawdown of -15.46% and an average drawdown of -3.74%, with two drawdown events exceeding 10%. The maximum drawdown duration was 158 days, with a recovery period of 117 days, suggesting relatively quick recoveries. The Calmar ratio for 1 year is 0.46, indicating modest risk-adjusted returns, while the fund's downside capture ratio of 92.16% (1Y) shows it loses less than the benchmark in down markets, but upside capture of 101.93% indicates it participates fully in up markets.
The fund's portfolio composition is not detailed in the provided data, but as a Large & Mid Cap fund, it typically invests in a mix of large-cap and mid-cap stocks, offering diversification across market capitalizations. The expense ratio of 0.65% is competitive, which can enhance net returns for investors. No specific top holdings or sector concentration data is available, so investors should review the fund's latest portfolio for current allocations.
The fund's 1-year XIRR of 5.35% is substantially below the category average of 16.54%, indicating significant underperformance relative to peers in the short term. Over longer horizons, the fund's CAGR has been positive but remains below the category average SIP XIRR for all periods, such as 2.84% (10Y) versus 16.75% category average. This suggests the fund has consistently lagged its category peers, which may be a concern for investors seeking competitive returns.
This fund may suit investors with a long-term horizon (7+ years) who are willing to accept moderate volatility and are looking for a fund that has historically outperformed the NIFTY 50 benchmark. It is not ideal for those seeking short-term gains or high returns relative to the large & mid cap category, given its recent underperformance. Investors should have a moderate risk tolerance and be prepared for potential drawdowns, as evidenced by the fund's historical drawdown events.
- Consistent positive alpha over the benchmark across all time periods, with a 1-year alpha of 7.31%.
- Lower downside capture ratio (92.16% for 1Y) indicates the fund protects capital better than the benchmark in declining markets.
- Competitive expense ratio of 0.65% for a direct growth option, which can improve net returns.
- Significant underperformance versus the category average, with 1-year XIRR of 5.35% versus 16.54% for peers.
- Long-term returns (CAGR) are low in absolute terms, with a 10-year CAGR of only 2.84%, which may not meet aggressive growth expectations.
Generated on 29-08-2026, 3:12 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 | ₹12.38 L | 5.4% | -21.6% | 19.9% |
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 | 5.4% | 14.4% | 16.5% | -9.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 7.1% | 7.3% | -4.4% | 19.6% | 0.13 | 0.20 | 92% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +7.31 | 1.00 | 101.9% | 92.2% | 4.4% | -2.9% |
| 3 Years | +6.63 | 0.95 | 99.5% | 88.9% | 9.8% | 3.0% |
| 5 Years | +3.75 | 0.95 | 99.5% | 88.9% | 5.8% | 1.8% |
| 7 Years | +2.55 | 0.95 | 99.5% | 88.9% | 4.1% | 1.3% |
| 10 Years | +1.67 | 0.95 | 99.5% | 88.9% | 2.8% | 0.9% |
| 12 Years | +1.32 | 0.95 | 99.5% | 88.9% | 2.4% | 0.7% |
| 15 Years | +0.98 | 0.95 | 99.5% | 88.9% | 1.9% | 0.6% |