PGIM India Large Cap Fund
Direct · GrowthAI Summary
PGIM India Large Cap Fund has delivered consistent outperformance versus the NIFTY 50 across all long-term windows, with alphas of 3.11% (1Y), 1.60% (3Y), and 1.21% (5Y). However, its SIP XIRR trails the category average at every horizon — 12.26% vs 13.98% at 3Y and 13.8% vs 14.34% at 5Y — indicating the fund beats its benchmark but lags large-cap peers. The 10Y XIRR of 10.8% versus a category average of 14.23% highlights a meaningful long-term gap.
The fund exhibits defensive characteristics, with beta below 1 (0.94-0.99) and downside capture consistently under 95% (91.69%-94.46%), meaning it falls less than the index in downturns. Upside capture between 93% and 99% shows it gives up some upside while protecting on the downside. Seven drawdown events exceeding 10% over its history, with the longest recovery taking 231 days, reflect typical large-cap equity risk, while Calmar ratios around 0.30-0.36 indicate moderate risk-adjusted efficiency.
As a large cap fund the portfolio is anchored in India's largest listed companies, mirroring the broad structure of the NIFTY 50 universe against which it is benchmarked. With a beta near 0.94 and capture ratios in the low-to-mid 90s, the portfolio appears marginally less index-like in weights, suggesting modest active positioning. Detailed holdings and sector allocation were not provided, so investors should verify current concentration via the fund's latest factsheet.
Despite steady alpha over the NIFTY 50 across 1Y to 15Y windows, the fund sits below the category average SIP XIRR at every measured horizon (1Y: 6.46% vs 7.73%; 3Y: 12.26% vs 13.98%; 10Y: 10.8% vs 14.23%). Within the large-cap category — where funds cluster tightly around the index — this places the fund in the lower half of peer performance. Its calendar-year record is uneven, ranging from -7.61% in 2026 to 30.51% in 2017.
This fund suits conservative equity investors seeking large-cap exposure with a downside-protected profile and a horizon of at least 5-7 years, as evidenced by its positive 5Y and 7Y SIP XIRR of 13.8% and 13.45%. Its below-1 beta and sub-95% downside capture make it reasonable for investors prioritizing capital preservation over maximum outperformance. However, investors seeking top-quartile large-cap returns may find category peers with higher SIP XIRR more compelling.
- Consistent positive alpha versus NIFTY 50 at every measured horizon, from 3.11% at 1Y to 0.37% at 15Y
- Defensive profile with downside capture below 95% (91.69%-94.46%) and beta consistently under 1 across all windows
- Positive calendar-year returns in 9 of the last 11 years, including 20.68% in 2023 and 22.23% in 2021
- SIP XIRR trails the category average at every horizon, with the 10Y gap at 3.43 percentage points (10.8% vs 14.23%)
- Seven drawdown events exceeding 10% in its history, with a recovery period as long as 231 days after the maximum drawdown
Generated on 01-11-2026, 3:05 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 | ₹12.69 L | 13.4% | -57.5% | 83.0% |
| 3 Years | ₹36.00 L | ₹43.25 L | 12.5% | -20.5% | 31.0% |
| 5 Years | ₹60.00 L | ₹84.59 L | 14.0% | 4.9% | 21.6% |
| 7 Years | ₹84.00 L | ₹1.36 Cr | 13.4% | 8.2% | 18.3% |
| 10 Years | ₹1.20 Cr | ₹2.10 Cr | 10.9% | 9.4% | 12.7% |
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 | 13.4% | 14.3% | 7.7% | -0.8% |
| 3 Years | 12.5% | 11.0% | 14.0% | +1.4% |
| 5 Years | 14.0% | 10.4% | 14.3% | +3.6% |
| 7 Years | 13.4% | 10.6% | 14.0% | +2.9% |
| 10 Years | 10.9% | 11.4% | 14.2% | -0.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 12.9% | 10.2% | -29.8% | 89.9% | 0.41 | 1.10 | 81% | — | — |
| 3 Years | 12.7% | 13.1% | -5.6% | 29.9% | 1.25 | 4.14 | 98% | — | — |
| 5 Years | 13.4% | 13.8% | 5.4% | 23.8% | 2.11 | 75.52 | 100% | — | — |
| 10 Years | 11.3% | 11.3% | 10.3% | 12.4% | 8.80 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +3.11 | 0.99 | 98.8% | 94.5% | -7.6% | -10.9% |
| 3 Years | +1.60 | 0.95 | 96.1% | 93.9% | 8.0% | 6.4% |
| 5 Years | +1.21 | 0.94 | 94.2% | 92.3% | 6.5% | 5.2% |
| 7 Years | +0.81 | 0.94 | 93.1% | 91.7% | 10.6% | 10.0% |
| 10 Years | +0.62 | 0.94 | 93.1% | 91.9% | 10.7% | 10.3% |
| 12 Years | +0.58 | 0.94 | 93.4% | 92.1% | 10.1% | 9.8% |
| 15 Years | +0.37 | 0.94 | 93.4% | 92.1% | 8.0% | 7.7% |