PGIM India Large Cap Fund
Direct · GrowthAI Summary
PGIM India Large Cap Fund has delivered positive SIP XIRR across all horizons, ranging from 11.12% over 10 years to 14.24% over 5 years. However, it trails the category average SIP XIRR at every period — for example, 12.76% vs 14.28% over 3 years and 11.12% vs 14.37% over 10 years. Against the NIFTY 50, the fund has generated positive alpha across all measured windows, with a 1Y alpha of 2.49% and a 3Y alpha of 1.49%.
The fund exhibits a beta below 1 across all periods (around 0.94), with downside capture consistently below upside capture — for instance, 93.82% upside vs 92.71% downside over 5 years — indicating a defensive profile. It has experienced 7 drawdown events exceeding 10%, with a maximum drawdown duration of 66 days and a recovery period of 231 days. Calmar ratios between 0.31 and 0.36 across horizons suggest moderate risk-adjusted efficiency.
Detailed holdings and sector allocation data were not provided for this analysis. As a Large Cap Fund under SEBI's mandate, it must invest at least 80% of assets in the top 100 listed companies by market capitalization, which typically provides diversification across large-cap leaders. Investors should review the latest factsheet for specific top holdings and sector concentration before investing.
The fund underperforms the category average SIP XIRR at every horizon, with gaps of roughly 1.5 to 3.2 percentage points — the widest being 3.25 points over 10 years (11.12% vs 14.37%). Its consistency comes from steady benchmark outperformance via positive alpha rather than category leadership. Calendar year returns show reasonable consistency, with only two negative years (2018 at -1.41% and 2026 year-to-date at -3.62%) in the past decade.
This fund suits conservative equity investors seeking large-cap exposure with lower volatility than the broader market, given its sub-1 beta and favorable downside capture. A minimum investment horizon of 5 to 7 years is advisable to allow the compounding benefits seen in its 5Y and 7Y XIRR figures to materialize. Investors prioritizing top-quartile category returns may want to compare alternatives, as this fund's edge lies in benchmark outperformance rather than peer outperformance.
- Positive alpha versus NIFTY 50 across all measured periods, including 2.49% over 1 year and 1.49% over 3 years
- Defensive risk profile with beta around 0.94 and downside capture consistently below upside capture
- Consistent calendar year performance with only two negative years in the past decade
- SIP XIRR trails the category average at every horizon, with a 3.25 percentage point gap over 10 years (11.12% vs 14.37%)
- Expense ratio of 0.86% is relatively high for a large cap fund, which can pressure net returns in a category where alpha is hard to generate
Generated on 06-09-2026, 7:51 PM. 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 | ₹12.70 L | 13.8% | -57.5% | 83.0% |
| 3 Years | ₹36.00 L | ₹43.36 L | 12.8% | -20.5% | 31.0% |
| 5 Years | ₹60.00 L | ₹84.84 L | 14.2% | 4.9% | 21.6% |
| 7 Years | ₹84.00 L | ₹1.36 Cr | 13.6% | 8.7% | 18.3% |
| 10 Years | ₹1.20 Cr | ₹2.11 Cr | 11.1% | 9.6% | 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 | 13.8% | 14.4% | 14.1% | -0.5% |
| 3 Years | 12.8% | 11.1% | 14.3% | +1.7% |
| 5 Years | 14.2% | 10.4% | 14.0% | +3.8% |
| 7 Years | 13.6% | 10.6% | 14.1% | +3.1% |
| 10 Years | 11.1% | 11.5% | 14.4% | -0.3% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 13.3% | 10.6% | -29.8% | 89.9% | 0.43 | 1.20 | 82% | — | — |
| 3 Years | 12.8% | 13.2% | -5.6% | 29.9% | 1.28 | 4.17 | 98% | — | — |
| 5 Years | 13.6% | 13.8% | 7.9% | 23.8% | 2.35 | — | 100% | — | — |
| 10 Years | 11.6% | 11.6% | 11.0% | 12.4% | 14.23 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +2.49 | 1.00 | 100.0% | 96.5% | -0.4% | -2.9% |
| 3 Years | +1.49 | 0.95 | 96.5% | 94.4% | 9.2% | 7.8% |
| 5 Years | +0.50 | 0.94 | 93.8% | 92.7% | 8.3% | 7.8% |
| 7 Years | +0.88 | 0.94 | 93.0% | 91.6% | 12.3% | 11.8% |
| 10 Years | +0.62 | 0.94 | 93.3% | 92.0% | 11.1% | 10.8% |
| 12 Years | +0.56 | 0.94 | 93.5% | 92.2% | 10.5% | 10.2% |
| 15 Years | +0.36 | 0.94 | 93.5% | 92.2% | 8.3% | 8.1% |