PGIM India Equity Savings Fund
PGIM Mutual Fund·Equity Savings·vs Nifty Equity Savings TRI
The fund maintains a defensive posture with half its assets in cash, positioning for volatility while deploying selectively into quality large-caps and sovereign debt. The manager's recent trimming of government securities and strengthening of banking exposure—particularly Axis Bank—signals conviction in equity recovery despite elevated market uncertainty. The 82% concentration in top-5 holdings reflects a conviction-driven approach favoring resilient sectors like banking, infrastructure, and metals over diversification.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Primary | ₹49.7359 | -0.23% | -1.28% | -0.82% | +2.00% | +5.99% | +6.33% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
64
Top 5 Weight
38.52%
Top 10 Weight
64.03%
Active Share
—
Large Cap
58.69%
Gini
0.684
What Changed2026-03-31 → 2026-04-30
Holdings: 88 → 78+0 added−5 removed33 weight shifts ≥ 0.1%
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Net Receivables / (Payables) nan | 48.79% |
| 2 | Tata Steel Ltd. INE081A01020 | 8.37% |
| 3 | Reliance Industries Ltd. INE002A01018 | 8.36% |
| 4 | 7.1% Government of India IN0020240019 | 8.31% |
| 5 | HDFC Bank Ltd. INE040A01034 | 7.82% |
| 6 | Bajaj Finance Ltd. INE296A01032 | 5.66% |
| 7 | Adani Ports & Special Economic Zone Ltd. INE742F01042 | 5.48% |
| 8 | Titan Company Ltd. INE280A01028 | 5.23% |
| 9 | 7.18% Government of India IN0020230085 | 5.02% |
| 10 | IndiGrid Infrastructure Trust INE219X23014 | 4.93% |
| 11 | NMDC Ltd. INE584A01023 | 4.85% |
| 12 | Brookfield India Real Estate Trust INE0FDU25010 | 4.80% |
| 13 | 8.87% Export Import Bank of India ** INE514E08ED5 | 3.44% |
| 14 | Ambuja Cements Ltd. INE079A01024 | 2.86% |
| 15 | Kotak Mahindra Bank Ltd. INE237A01036 | 2.72% |
| 16 | Axis Bank Ltd. INE238A01034 | 2.27% |
| 17 | 7.98% Bajaj Housing Finance Ltd. ** INE377Y07490 | 1.66% |
| 18 | ICICI Bank Ltd. INE090A01021 | 1.63% |
| 19 | Clearing Corporation of India Ltd. nan | 1.59% |
| 20 | Indus Infra Trust INE0NHL23019 | 0.99% |
Sector Allocation
Banks15.3%
SOVEREIGN13.3%
Ferrous Metals8.5%
Petroleum Products8.4%
Transport Infrastructure6.5%
Finance6.1%
Consumer Durables5.8%
Power5.4%
CRISIL AAA5.1%
Minerals & Mining4.8%
Top 10 sectors by % to NAV. Excludes derivatives.