PGIM India Equity Savings Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹49.8769 | -0.31% | +2.06% | +6.05% | +6.39% |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does PGIM India Equity Savings Fund hold?
PGIM India Equity Savings Fund holds 64 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 38.52% of NAV.
What is the largest holding in PGIM India Equity Savings Fund?
The largest position in PGIM India Equity Savings Fund is Net Receivables / (Payables), accounting for 48.79% of NAV in the nan sector.
Is PGIM India Equity Savings Fund a concentrated or diversified fund?
With a Gini coefficient of 0.684, PGIM India Equity Savings Fund is highly concentrated. The HHI concentration index is 50,258 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 38.52% of the portfolio.
What is the market cap allocation of PGIM India Equity Savings Fund?
Based on SEBI's AMFI classification, PGIM India Equity Savings Fund's equity portfolio is split as: Large Cap: 58.69%, Mid Cap: 6.19%, Small Cap: 0.33%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does PGIM India Equity Savings Fund invest in most?
PGIM India Equity Savings Fund has the highest allocation to Banks (15.34%), SOVEREIGN (13.33%), Ferrous Metals (8.54%). The fund is invested across 31 sectors in total.
How actively managed is PGIM India Equity Savings Fund compared to other Equity Savings funds?
PGIM India Equity Savings Fund has an Active Share of 84.58%, classifying it as "Highly Differentiated" among 23 Equity Savings peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in PGIM India Equity Savings Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, PGIM India Equity Savings Fund exited 5 stocks (including 8.28% Government of India). Total holding count decreased from 88 to 78 stocks.