PGIM India Mid Cap Fund
Direct · GrowthAI Summary
PGIM India Mid Cap Fund's SIP XIRR trails the category across most horizons, with 3Y XIRR of 16.76% versus the category average of 19.81% and 5Y XIRR of 21.45% versus 20.44%. Against the NIFTY MIDCAP 150, the fund shows negative alpha over 1Y, 3Y, and 5Y (-2.37%, -1.61%, and -3.03% respectively), though it outperformed over 7Y with alpha of 3.22% and a fund CAGR of 21.28% versus the benchmark's 19.25%. Longer-term performance is more balanced, with 10Y alpha of 1.30% and 12Y alpha of 0.40%.
The fund exhibits a defensive profile with beta below 1 across all periods (0.85-0.93) and downside capture consistently below 100%, meaning it falls less than the benchmark in down markets. However, upside capture is also below 100% (83.77%-90.23%), so it participates less in rallies, which explains the underperformance in strong midcap bull phases. The Calmar ratio hovers around 0.46-0.54 across horizons, indicating moderate risk-adjusted returns, and the fund has experienced 9 drawdown events exceeding 10%.
Portfolio composition data is not provided in this analysis, so specific holdings and sector allocations cannot be assessed. Investors should review the latest factsheet to evaluate concentration risk and stock quality before investing. The fund's sub-1 beta suggests a relatively conservative stance within the midcap category.
The fund sits below the category average on SIP XIRR for 1Y, 3Y, and 10Y horizons, though its 5Y XIRR of 21.45% and 7Y XIRR of 22.42% beat category averages of 20.44% and 19.38% respectively. Calendar year returns show strong cyclicality, with standout years like 2021 (65.12%) and 2020 (51.13%) offset by weak years such as 2018 (-14.23%) and 2026 YTD (-5.03%). Consistency is mixed, with recent 3-year underperformance being the primary concern.
This fund suits investors with a high risk tolerance and a horizon of at least 7 years, given midcap volatility and the fund's better long-term relative performance. SIP investors seeking steady midcap exposure with lower downside capture than the benchmark may find it appropriate. Those prioritizing near-term category leadership should note the recent 3-year and 1-year underperformance versus peers.
- Consistently low downside capture (84%-93%) versus the NIFTY MIDCAP 150, cushioning losses in weak markets
- Strong 7Y performance with alpha of 3.22% and fund CAGR of 21.28% versus the benchmark's 19.25%
- Low expense ratio of 0.52% for a midcap fund, keeping cost drag minimal
- Negative alpha over 1Y, 3Y, and 5Y (-2.37%, -1.61%, -3.03%), indicating recent underperformance versus the benchmark
- SIP XIRR trails the category average at 1Y (11.4% vs 15.96%) and 3Y (16.76% vs 19.81%)
- Upside capture below 100% across all periods limits participation in midcap rallies
Generated on 25-10-2026, 2:23 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 | ₹12.76 L | 20.0% | -46.0% | 138.1% |
| 3 Years | ₹36.00 L | ₹45.01 L | 18.5% | -19.9% | 62.0% |
| 5 Years | ₹60.00 L | ₹1.02 Cr | 19.2% | -9.0% | 36.2% |
| 7 Years | ₹84.00 L | ₹1.86 Cr | 22.4% | 11.2% | 28.4% |
| 10 Years | ₹1.20 Cr | ₹3.40 Cr | 19.8% | 16.0% | 23.1% |
| 12 Years | ₹1.44 Cr | ₹4.31 Cr | 17.2% | 15.5% | 18.8% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY MIDCAP 150 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 20.0% | 21.8% | 15.9% | -1.8% |
| 3 Years | 18.5% | 17.2% | 19.8% | +1.3% |
| 5 Years | 19.2% | 16.5% | 20.4% | +2.7% |
| 7 Years | 22.4% | 16.8% | 19.4% | +5.6% |
| 10 Years | 19.8% | 16.6% | 19.3% | +3.1% |
| 12 Years | 17.2% | 16.3% | 18.6% | +0.9% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 19.5% | 11.6% | -26.0% | 142.2% | 0.47 | 1.88 | 81% | — | — |
| 3 Years | 18.2% | 15.2% | -8.1% | 49.5% | 0.99 | 5.87 | 97% | — | — |
| 5 Years | 18.7% | 19.7% | -2.0% | 36.8% | 1.45 | 12.99 | 99% | — | — |
| 10 Years | 17.6% | 17.3% | 14.5% | 19.9% | 8.54 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY MIDCAP 150
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | -0.80 | 0.93 | 91.9% | 92.4% | -5.0% | -5.0% |
| 3 Years | -1.29 | 0.85 | 84.0% | 84.2% | 10.9% | 13.1% |
| 5 Years | -3.18 | 0.86 | 84.6% | 86.6% | 8.6% | 12.7% |
| 7 Years | +3.37 | 0.91 | 89.6% | 85.7% | 21.5% | 19.3% |
| 10 Years | +1.43 | 0.90 | 88.0% | 85.6% | 15.4% | 14.8% |
| 12 Years | +0.50 | 0.91 | 89.3% | 87.9% | 15.0% | 15.3% |
| 15 Years | -0.29 | 0.90 | 88.1% | 87.2% | 14.2% | 15.3% |