PGIM India Midcap Fund
PGIM India Mutual Fund · Mid Cap · Direct plan, growth option
NAV (₹), 1 Oct 2026
74.1300
1-day change
-0.86%
1Y return
-1.0%
3Y CAGR
10.5%
5Y CAGR
9.9%
Max drawdown, 5Y
−19.5%
NAV history month-end NAV, ₹ · 5 Dec 2013 to 1 Oct 2026
Returns vs Mid Cap median (33 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -5.2% | -6.3% |
| 3 months | -2.5% | -3.3% |
| 6 months | 11.3% | 11.6% |
| Year to date | -0.4% | 1.6% |
| 1 year | -1.0% | 4.6% |
| 3 years (CAGR) | 10.5% | 15.3% |
| 5 years (CAGR) | 9.9% | 14.3% |
| 7 years (CAGR) | 22.5% | 21.0% |
| 10 years (CAGR) | 15.7% | 15.8% |
| Since first NAV (CAGR) | 16.9% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 11.7% | 15.5% |
| 3Y rolling median | 15.3% | 21.4% |
| 3Y rolling worst | -8.0% | -3.9% |
| 3Y periods positive | 97% | 99% |
| 3Y periods ahead of benchmark | 25% | 34% |
| 5Y rolling median | 19.8% | 18.6% |
| 5Y rolling worst | -2.0% | 0.8% |
| 5Y periods ahead of benchmark | 30% | 23% |
Benchmark: Nifty Midcap 150 (proxy: Motilal Oswal Nifty Midcap 150 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 16.5% | 18.1% |
| Sharpe ratio | 0.30 | 0.57 |
| Sortino ratio | 0.44 | 0.88 |
| Beta | 0.85 | 0.95 |
| Alpha (ann.) | -1.9% | 2.6% |
| Upside capture | 79.66 | 99.19 |
| Downside capture | 88.73 | 92.19 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −36.4% | −32.8% |
| Maximum drawdown, last 10Y | −36.4% | −36.2% |
| Maximum drawdown, last 5Y | −19.5% | −21.2% |
| Current drawdown | −6.4% | −7.5% |
| Recovery time of worst fall | 136 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.91% a year and the Direct plan's 0.72%, a gap of 1.19%; over the last 3 years the Direct plan returned 1.36 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹27,92,405.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER reduced from 0.74% to 0.72% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Vivek Sharma | 15 Apr 2024 | |
| Utsav Mehta | 1 Nov 2023 | |
| Vinay Paharia | 1 Apr 2023 | |
| Puneet Pal | 16 Jul 2022 |
Objective: The primary objective of the Scheme is to achieve long-term capital appreciation by predominantly investing in equity & equity related instruments of mid cap companies. However, there is no assurance that the investment objective will be achieved. The Scheme does not guarantee/ indicate any returns.
Stated asset allocation: Equity & Equity Related Instruments of Mid Cap Companies- Min 65% and Max 100% Equity & Equity Related Instruments of other companies- Min 0% and Max 35% Money Market Instruments and, other liquid instruments, Units of Liquid, Money Market and Overnight Mutual Funds - Min 0% and Max 35% Units of Gold ETFs & Silver ETFs - Min 0% and Max 25% Units issued by InvITs - Min 0% and Max 10%
Benchmark (tier 1): NIFTY Midcap 150 TRI
Exit load: For Exits within 90 days from date of allotment of units: 0.50%; For Exits beyond 90 days from date of allotment of units: NIL.
Minimum application: Rs. 5000
Allotment date: 2 Dec 2013
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.72% | 0.94% |
| AUM, whole scheme (₹ crore) | 10,537 | 7,540 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 0.7% | 4.6% TRI |
| Return, 3 years (AMFI) | 10.8% | 13.7% TRI |
| Return, 5 years (AMFI) | 10.0% | 14.8% TRI |
| Month-ends above category median (3Y CAGR) | 36% | 44% median |
| Month-ends in category top quartile (3Y) | 32% | 27% median |
| 7Y rolling CAGR, median (monthly windows) | 19.0% | 18.1% median |
Official benchmark: Nifty Midcap 150 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Mid Cap Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty Midcap 150 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -0.4% | -2.5% | +2.1% |
| 2025 | 1.3% | 5.8% | −4.5% |
| 2024 | 22.5% | 24.2% | −1.7% |
| 2023 | 22.5% | 44.3% | −21.8% |
| 2022 | -0.1% | 3.6% | −3.7% |
| 2021 | 66.9% | 46.9% | +20.0% |
| 2020 | 51.1% | 26.1% | +25.0% |
| 2019 | 5.1% | n/a | – |
| 2018 | -14.6% | n/a | – |
| 2017 | 38.7% | n/a | – |
Benchmark proxy: Motilal Oswal Nifty Midcap 150 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,20,067 | 0.1% |
| 3 years | ₹3,60,000 | ₹3,86,674 | 4.7% |
| 5 years | ₹6,00,000 | ₹7,53,537 | 9.0% |
| 10 years | ₹12,00,000 | ₹29,09,958 | 16.9% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Mid Cap
Plan / option: Direct · Growth
AMFI scheme code: 125307
ISIN: INF663L01DV3
First NAV in MFIC data: 5 Dec 2013
History: 12.8 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| PGIM India Multi Cap Fund | Multi Cap | 0.98 | n/a |
| WhiteOak Capital Special Opportunities Fund | Sectoral/Thematic | 0.98 | n/a |
| PGIM India Large and Midcap Fund | Large & Mid Cap | 0.98 | n/a |
| BANDHAN MID CAP FUND | Mid Cap | 0.97 | 16.8% |
| Canara Robeco Mid Cap Fund | Mid Cap | 0.97 | 16.0% |
| Axis Midcap Fund | Mid Cap | 0.97 | 15.1% |
Questions about PGIM India Midcap Fund
- What is the latest NAV of PGIM India Midcap Fund?
- The NAV of the Direct plan (growth option) was ₹74.1300 on 1 Oct 2026, as published by AMFI.
- Which category is PGIM India Midcap Fund in?
- It is classified as Mid Cap in AMFI's daily NAV file; a Mid Cap scheme invests at least 65% in mid-cap stocks. MFIC compares it with 33 Mid Cap schemes (Direct plans).
- What returns has PGIM India Midcap Fund delivered?
- Over one year the NAV changed by -1.0%. The 3-year CAGR is 10.5% (category median 15.3%) and the 5-year CAGR is 9.9% (category median 14.3%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 15.3%, the lowest was -8.0%, and 97% of 3-year periods ended with a gain. It was ahead of Nifty Midcap 150 (index-fund proxy) in 25% of those periods.
- What was the largest fall in PGIM India Midcap Fund's NAV?
- The largest peak-to-trough fall in its available history was 36.4%; within the last five years it was 19.5% (category median 21.2%).
- How volatile is PGIM India Midcap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 16.5%, which is below the Mid Cap category median of 18.1%.
- What would a monthly SIP in PGIM India Midcap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,53,537 on 1 Oct 2026, an annualised return (XIRR) of 9.0%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of PGIM India Midcap Fund?
- The total expense ratio of the Direct plan is 0.72% a year, as disclosed to AMFI (median of Mid Cap Direct plans: 0.94%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is PGIM India Midcap Fund?
- Assets under management of the whole scheme were ₹10,537 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of PGIM India Midcap Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of PGIM India Midcap Fund and how has it compared?
- Its official benchmark is the Nifty Midcap 150 TRI. Over 3 years AMFI reports a return of 10.8% for this plan against 13.7% for the benchmark total return index; over 5 years 10.0% against 14.8%. Past performance does not indicate future results.
- How often has PGIM India Midcap Fund beaten its category?
- At 36% of the 118 month-ends compared over the last 10 years, its 3-year return was above the median of Mid Cap schemes (Direct plans); it was in the top quarter at 32% of them. A typical scheme would show about 50%.
- Who manages PGIM India Midcap Fund?
- According to its Scheme Summary Document, PGIM India Midcap Fund is managed by Vivek Sharma (since 15 Apr 2024), Utsav Mehta (since 1 Nov 2023), Vinay Paharia (since 1 Apr 2023), Puneet Pal (since 16 Jul 2022).
- What is the exit load of PGIM India Midcap Fund?
- As stated in its scheme documents: For Exits within 90 days from date of allotment of units: 0.50%; For Exits beyond 90 days from date of allotment of units: NIL. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in PGIM India Midcap Fund?
- The minimum application amount is Rs. 5000. SIP details: SIP - Monthly/Quarterly : 1000, SWP - Monthly/ Quartely/ Annually : 1000, STP -Daily/Weekly/Monthly/Quarterly :1000.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by -1.0% and the Regular plan's by -2.2%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.