PGIM India Multi Cap Fund
Direct · GrowthAI Summary
The PGIM India Multi Cap Fund delivered a 1-year XIRR of 9.03%, which is significantly below the category average of 15.06% for the same period. Over the same horizon, the fund outperformed the NIFTY 50 benchmark, which had a negative CAGR of -2.9%, generating a positive alpha of 13.69%. However, the fund's longer-term CAGRs (e.g., 3.35% over 3 years) are modest, though they still beat the benchmark's negative returns.
The fund exhibits a maximum drawdown of -18.10% with a recovery period of 200 days, indicating moderate downside risk. Its Calmar ratio of 0.416 for the 1-year period suggests that returns are relatively low compared to the drawdown experienced. The fund's downside capture ratio of 84.12% (1Y) indicates it loses less than the benchmark during market declines, but its upside capture of 102.41% shows it participates fully in upswings.
The data provided does not include specific top holdings or sector allocation details, so a detailed composition analysis is not possible. As a multi-cap fund, it is expected to invest across large, mid, and small-cap stocks, offering diversification across market capitalizations. Investors should review the fund's latest portfolio for current sector and stock concentration.
The fund's 1-year XIRR of 9.03% is well below the category average of 15.06%, indicating underperformance relative to peers. Calendar year returns show volatility, with a strong 9.86% in 2026, a positive 4.97% in 2025, but a negative -4.86% in 2024. This inconsistent performance suggests the fund may not be a top-quartile performer in its category.
This fund may suit investors with a moderate risk tolerance and a long-term investment horizon (5+ years) who are willing to accept periods of underperformance relative to category peers. It could be appropriate for those seeking exposure to a diversified multi-cap portfolio with the potential to outperform the benchmark, but not necessarily the category. Investors should be comfortable with drawdowns of up to 18% and the fund's variable returns.
- Consistent positive alpha over the benchmark across all time horizons, with 1-year alpha of 13.69%.
- Lower downside capture (84.12% for 1Y) than the benchmark, providing some protection in falling markets.
- Expense ratio of 0.71% is relatively low for a multi-cap fund, which can enhance net returns.
- Significant underperformance versus the category average, with 1-year XIRR of 9.03% vs 15.06% for peers.
- Negative calendar year return of -4.86% in 2024, indicating potential for losses in certain market conditions.
Generated on 29-08-2026, 3:00 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 | ₹12.60 L | 9.0% | -18.0% | 22.5% |
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 | 9.0% | 14.4% | 15.1% | -5.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 7.5% | 7.5% | -2.5% | 17.8% | 0.24 | 0.44 | 97% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +13.69 | 0.96 | 102.4% | 84.1% | 11.2% | -2.9% |
| 3 Years | +4.65 | 0.96 | 99.1% | 88.9% | 3.4% | -1.6% |
| 5 Years | +2.68 | 0.96 | 99.1% | 88.9% | 2.0% | -1.0% |
| 7 Years | +1.83 | 0.96 | 99.1% | 88.9% | 1.4% | -0.7% |
| 10 Years | +1.19 | 0.96 | 99.1% | 88.9% | 1.0% | -0.5% |
| 12 Years | +0.95 | 0.96 | 99.1% | 88.9% | 0.8% | -0.4% |
| 15 Years | +0.71 | 0.96 | 99.1% | 88.9% | 0.7% | -0.3% |