PGIM India Flexi Cap Fund
The fund maintains a heavy banking tilt (18.3%) anchored by HDFC and ICICI, betting on financial sector resilience while diversifying into defensive consumer and pharmaceutical plays. April's portfolio shuffle reveals tactical rebalancing rather than conviction shifts—the manager trimmed large TCS and Reliance positions and added major banking names like Axis and Kotak, suggesting a preference for domestically-focused financials over IT exporters in the current macro environment. The broad 88-stock structure with controlled top-10 concentration (31%) balances conviction picks with reasonable diversification for a flexi-cap vehicle.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹41.4600 | — | — | — | — |
| Regular Growth | ₹35.0900 | -0.03% | -1.02% | +10.58% | +10.41% |
| Direct IDCW | ₹19.5900 | — | — | — | — |
| Regular IDCW | ₹17.1500 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive 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 |
|---|---|
| Axis Bank Ltd. | 1.64% |
| Infosys Ltd. | 1.15% |
| Kotak Mahindra Bank Ltd. | 0.77% |
| Acutaas Chemicals Ltd. | 0.56% |
| Marico Ltd. | 0.50% |
| 360 One Wam Ltd. | 0.50% |
| Amagi Media Labs Ltd. | 0.38% |
| Sedemac Mechatronics Ltd. | 0.34% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 6.39% |
| 2 | ICICI Bank Ltd. INE090A01021 | 5.52% |
| 3 | Bharti Airtel Ltd. INE397D01024 | 3.15% |
| 4 | Reliance Industries Ltd. INE002A01018 | 3.02% |
| 5 | State Bank of India INE062A01020 | 2.57% |
| 6 | TVS Motor Company Ltd. INE494B01023 | 2.21% |
| 7 | Eternal Ltd. INE758T01015 | 2.19% |
| 8 | Titan Company Ltd. INE280A01028 | 2.08% |
| 9 | Larsen & Toubro Ltd. INE018A01030 | 2.07% |
| 10 | Vishal Mega Mart Ltd INE01EA01019 | 1.96% |
| 11 | Clearing Corporation of India Ltd. nan | 1.89% |
| 12 | VARUN BEVERAGES LIMITED INE200M01039 | 1.85% |
| 13 | Bajaj Finance Ltd. INE296A01032 | 1.82% |
| 14 | NTPC Ltd. INE733E01010 | 1.78% |
| 15 | Britannia Industries Ltd. INE216A01030 | 1.76% |
| 16 | Divi's Laboratories Ltd. INE361B01024 | 1.69% |
| 17 | JK Cement Ltd. INE823G01014 | 1.68% |
| 18 | Axis Bank Ltd. INE238A01034 | 1.64% |
| 19 | Multi Commodity Exchange Of India Ltd. INE745G01043 | 1.63% |
| 20 | Mankind Pharma Ltd. INE634S01028 | 1.56% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does PGIM India Flexi Cap Fund hold?
PGIM India Flexi Cap Fund holds 86 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 20.65% of NAV.
What is the largest holding in PGIM India Flexi Cap Fund?
The largest position in PGIM India Flexi Cap Fund is HDFC Bank Ltd., accounting for 6.39% of NAV in the Banks sector.
Is PGIM India Flexi Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.372, PGIM India Flexi Cap Fund is well-diversified. The HHI concentration index is 19,691 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 20.65% of the portfolio.
What is the market cap allocation of PGIM India Flexi Cap Fund?
Based on SEBI's AMFI classification, PGIM India Flexi Cap Fund's equity portfolio is split as: Large Cap: 59.68%, Mid Cap: 19.96%, Small Cap: 14.24%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does PGIM India Flexi Cap Fund invest in most?
PGIM India Flexi Cap Fund has the highest allocation to Banks (18.26%), Pharmaceuticals & Biotechnology (6.89%), Consumer Durables (5.94%). The fund is invested across 35 sectors in total.
How actively managed is PGIM India Flexi Cap Fund compared to other Flexi Cap Fund funds?
PGIM India Flexi Cap Fund has an Active Share of 53.58%, classifying it as "Active Stock Picker" among 41 Flexi Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in PGIM India Flexi Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, PGIM India Flexi Cap Fund added 8 new stocks (including Axis Bank Ltd.) and exited 4 stocks (including Dr. Reddy's Laboratories Ltd.). Total holding count increased from 84 to 88 stocks.