We have launched a new version of our website for an enhanced user experience.

Click here to explore: https://www.pgimindia.com/mutual-funds

What is Flexi Cap Fund?

Equity markets are volatile by nature. One way to mitigate risk to an extent is by diversifying the portfolio as far as possible. This is where a Flexi-cap fund can help investors build a core portfolio within equities as it has the flexibility to move across different capitalisation segments of the markets. The fund has the inherent ability of a diversified equity oriented fund to further diversify the portfolio across different sectors, investment style etc. This ability helps flexi cap fund to provide a value proposition, for both first time investors looking to build an equity-oriented portfolio and seasoned investors looking to maintain their core allocation towards equities.

To elaborate, in a flexi cap fund, the fund manager has the freedom to change allocation across market caps, which provides the benefit of active management to investors, based on the assessment of fundamentals and economic conditions among other factors. These characteristics can help to make a flexi cap fund to potentially, fair well over a full market cycle . A flexi cap fund thus endeavours to diversify investor’s investments across companies of different market capitalisation, mitigating risk and lowering volatility to an extent and thus helping create wealth over the long term on a risk-adjusted basis.

What is PGIM India Flexi Cap Fund?

PGIM India Flexi cap Fund is an open-ended dynamic equity scheme which dynamically allocates the portfolio across market capitalisation (large caps, mid caps, and small caps) in growth businesses available at reasonable valuations. The scheme follows a disciplined approach to investment. Stock selection is based on rigorous fundamentals analysis of companies based on parameters like ROE and ROCE, operating leadership or competent challenger in respective sectors and sound financials reflected in higher operating cash flows, lower debt to equity ratio among other parameters.

Why invest in PGIM India Flexi Cap Fund?

PGIM India Flexi Cap Fund is a Fund which will scout for Investment opportunities across market capitalizations.

Investment Strategy

The fund has a diversified portfolio of strong growth companies with sustainable business models spread over a range of industries, sectors and market capitalizations.

Equity securities are selected largely on bottom up stock–by–stock basis across market cap spectrum, with consideration given to valuation parameters as well as growth, margins, asset returns, and cash flows, amongst others.

Portfolio Positioning*

This Fund has a flexibility to increase or decrease exposure to Large, Mid or Small Caps as per market cycles and Fund Manager's view of markets.

The fund usually has between 45% to 70% in Large Caps and the balance is invested in Mid Cap & Small Cap companies.

The fund has a low portfolio overlap with benchmark at 24.0% as on 30th July 2021. A low overlap indicates that the fund is able to look for ideas beyond the benchmark and has the potential to create alpha.

* These are based on the Fund Managers outlook and are subject to change.

Who should Invest in PGIM India Flexi Cap Fund?

Investors looking to complement their existing mutual fund portfolio with a fund, with the potential to generate alpha
Investors looking to create wealth over the long term
Investors looking to participate and benefit as the Indian economy recovers and gains momentum

Which Investment Themes does PGIM India Flexi Cap Fund Participate in?^*

Software ProductDevelopment Companies
- India is seeing emergence of some interesting IT product companies.
- Different from the normal IT Services companies
Discretionary Retail
This segment is a beneficiary of rising per capital GDP and higher discretionary spends. Many sub segments find no representation in large caps:
- Footwear
- Clothing brands
- Food & Retail chain
Water and Water Transportation

Water will increasingly become a critical element in the eco-system of India. Higher population & erratic monsoons will require water transportation & river linking.
Hospitality

Increasing incomes will lead to people travelling more and holidaying. The need for hotel rooms & airlines will grow manifold
Real Estate

Housing will be a long-term story in India. Post RERA, the transparency has gone up and overtime the competition will come down.
Home Building

As a corollary to the real estate sector, as the sector takes off, there will be a good demand of tiles, sanitary ware, etc. There is very little representation of large caps in the segment.
Chemicals

The sector is seeing a lot of vibrancy in terms of growth and profitability as China clamps down on pollution. Lots of business is flowing to India.
Staffing

Manpower management is moving from unorganised to organised and the trend to outsource non-core activity will be a big theme, as corporates will focus on core activities and profitability.

^*The scheme may or may not invest in above themes. These themes may change depending upon the market conditions and FM discretion. These are based on the Fund Managers outlook and are subject to change.

Features of PGIM India Flexi Cap Fund

Vinay Paharia

Vinay Paharia,(Equity Portion), Over 20 years of experience in Indian financial markets, primarily in equity research & Fund Management

Anandha Padmanabhan Anjeneyan

Anandha Padmanabhan is an Equity Analyst and Assistant Fund Manager. He has over 15 years of experience collectively in Indian Financial markets, primarily in equity research. He is an ACA, CFA & FRM.

Mr. Vivek Sharma

Vivek Sharma is Fund Manager – Equity. He has Over 14 years of experience in Equity market, research and fund management

Mr. Chetan Gindodia

Chetan Gindodia is Dedicated Fund Manager for Overseas Investments. Collectively 8 years of experience in equity research.

Mr. Puneet Pal

Puneet Pal is the Head-Fixed Income. He has over 22 years of experience in the Debt markets within the Mutual Fund space. He manages over 10 schemes, some of which are PGIM India Balanced Advantage Fund, PGIM India Baking & PSU Debt Fund and PGIM India Dynamic Bond Fund.

Benchmark Index:

Nifty 500 TR Index

Minimum Application Amount:

Minimum of ₹ 5,000/- and in multiples of ₹ 1/- thereafter.

Minimum Additional Amount:

Minimum of ₹ 1,000/- and in multiples of ₹ 1/- thereafter.

Exit Load:

10% of the units allotted may be redeemed/switched-out to debt schemes/PGIM India Arbitrage Fund without any exit load within 90 days from the date of allotment of units;
Any redemptions/switch-outs in excess of the above-mentioned limit would be subject to an exit load of 0.50%, if the units are redeemed/ switched-out to debt schemes/PGIM India Arbitrage Fund within 90 days from the date of allotment of units;
Nil - If the units are redeemed/switched-out after 90 days from the date of allotment of units;
No exit load will be charged for switches and STP between any open-ended equity schemes, hybrid schemes (except PGIM India Arbitrage Fund) and fund of funds schemes

Portfolio of PGIM India Flexi Cap Fund

Top 3 Sectors Overweight

% Overweight
Top 5 Stocks Overweight

% Overweight
Top 3 Sectors Underweight

% Underweight

The above weights are in comparison to the benchmark.Source: Bloomberg and Internal Research. The above data as on August 31, 2024.
Top 5 Stocks Underweight

% Underweight
Portfolio Metrics

Source: Bloomberg and Internal Research. The above data as on August 31, 2024.

Portfolio Composition

	Portfolio	Nifty Midcap 500 TR Index
Number of stocks	62	501
Potfolio overlap with	--	61.6%
Large caps (1st-100th stock)	58.9%	71.8%
Mid caps (101st-250th stock)	29.8%	18.0%
Small caps (251st stock onwards)	9.6%	9.9%
Cash	1.7%	0.0%
Market Cap yet to be classified by AMFI	0.0%	0.1%
Top 10 holding	39.6%	32.5%
Avg Market Cap - Crore	4,20,934	4,81,700

Source: Bloomberg and Internal Research. The above data as on August 31, 2024.

Performance of PGIM India Flexi Cap Fund

	Fund		Nifty 500 TR Index^		NIFTY 50 TR Index #
Period	Returns (%)	Value (INR)*	Returns (%)	Value (INR)*	Returns (%)	Value (INR)*
Regular Plan
Last 1 Year	33.04	13,325	41.27	14,154	32.80	13,300
Last 3 Year	11.75	13,961	18.42	16,614	14.92	15,184
Last 5 Year	22.76	27,911	22.25	27,335	18.95	23,839
Since Inception	14.68	37,150	14.67	37,120	13.12	32,582
Direct Plan
Last 1 Year	34.84	13,506	41.27	14,154	32.80	13,300
Last 3 Year	13.47	14,614	18.42	16,614	14.92	15,184
Last 5 Year	24.85	30,375	22.25	27,335	18.95	23,839
Since Inception	16.43	42,950	14.67	37,120	13.12	32,582

Date of Inception: Regular Plan: March 04, 2015; Direct Plan: March 04, 2015. All the above returns are of Growth Option and CAGR. CAGR – Compounded Annual Growth Rate. ^ Scheme Benchmark. # Standard Benchmark. *Based on standard investment of ₹ 10,000 made at the beginning of the relevant period. Past performance or may not be sustained in future and should not be used as a basis of comparison with other investments. Different plans have different expense structure. Mr. Anandha A is managing this fund (for Overseas investments) since January 31, 2021.w.e.f. January 31, 2021, the name and type of the scheme has changed to PGIM India Flexi Cap Fund and Flexi Cap Fund - An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks, respectively. The above returns are as on September 30, 2024

Performance of other schemes managed by Anandha Padmanabhan Anjeneyan

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.GAGR -Compounded Annual Growth Rate. The above returns are for Regular Plan - Growth Option. Different plans have a different expense structure. Mr. Aniruddha Naha is managing 3 schemes of PGIM India Mutual Fund. PGIM India Rad cap fund is co-managed with Anandha Padmanabhan Anjeneyan (Equity portion) and Ravi Adukia (Overseas Investment).On account of the difference in the features of the schemes, the performance of these schemes is not strictly comparable. Please refer to www.pgimincliamb.com for details on performance°, all schemes including direct plans. The above returns are as on August 31, 2024.

Performance of other schemes managed by Vinay Paharia

Period	Last 1 Year	Last 3 Year	Last 5 Year	Managing Since
PGIM India Hybrid Equity Fund*	23.63	9.75	13.96	August 19, 2023
CRISIL Hybrid35+65 - Aggressive Index^	28.39	13.85	17.00

Period	Last 1 Year		Last 3 Years		Last 5 Years			Fund Manager Details
Scheme Name	Scheme(%)	Benchmark(%)	Scheme(%)	Benchmark(%)	Scheme(%)	Benchmark(%)	Benchmark	Managing Since
PGIM India Small Cap Fund*	35.67	17.17	-	53.26	28.12	-	NIFTY 250 TRI^	April 01, 2023
PGIM India Midcap Opportunities Fund* NIFTY 150 TRI^	33.35	16.72	32.13	50.08	27.88	31.88	NIFTY 100 TRI^	April 01, 2023
PGIM India Large Cap Fund *	28.54	11.60	16.16	38.29	16.10	19.98	NIFTY 100 TRI^	April 01, 2023

The above returns are for Regular Plan - Growth Option. The above returns are as on August 31, 2024

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Different plans have a different expense structure.

SIP Performance of PGIM India Flexi Cap Fund

Period	Amount (Rs.)		Returns (Annualised) (%)
Direct Plan	Investment	PGIM India Flexi Cap Fund	PGIM India Flexi Cap Fund	Nifty 500 TR Index"
Last 1Year	1,20,000	1,42,658	36.83	40.87
Last 3Year	3,60,000	4,90,464	21.15	27.83
Last 5Year	6,00,000	10,51,268	22.61	25.92
Since Inception	11,50,000	28,25,530	17.92	18.82

Date of Inception: Regular Plan: : March 04, 2015. Vivek Sharma (Equity Portion) managing this fund from April 15, 2024. Vinay Paharia (Equity Portion) managing this fund from April 01, 2023. Anandha Padmanabhan Anjeneyan (Equity Portion) managing this fund since June 01, 2021. Chetan Gindodia (Overseas Investments) managing this fund from March 29, 2024. Puneet Pal (Debt Portion) is managing this fund from April 01, 2023.

Presentation

Product Literature

FAQs

What is a Flexi Cap fund?

As per regulatory requirement, a Flexi Cap Fund must invest a minimum of 65% of total assets in equity and equity-related securities. A Flexi Cap Fund predominantly invests in equity and equity related securities of companies across market capitalizations in a flexible manner.
These funds give your investments an exposure to equity shares of large cap, mid cap and small companies across sectors. Since these funds typically invest in companies which are market leaders/ challengers in their domain, have sustainable business models, healthy balance sheets, strong governance, amongst others, and also, invest across market cap segments, they offer growth to investors while striking a balance with volatility in a single portfolio.

Why invest in Flexi Cap Fund?

Flexi Cap Funds are designed to pick out growth opportunities with the flexibility to increase or decrease exposure to Large, Mid or Small Cap as per Market Cycles. These funds are also a good option for investors who would want to participate in the full market cycle over a medium to long term. Flexi Cap Funds provide flexibility to the fund managers to invest without staying anchored to prescribed sub limit to a particular capitalization segment.

Who should invest in Flexi Cap fund?

1. Investors who wish to build their core equity portfolio holding, that invests in quality businesses that has potential to generate economic
value over a long period of time.

2. Ideal for investors with moderate risk-profile who want to stay invested to meet their long-term financial goal.

This product is suitable for investors who are seeking*

Capital appreciation over the long run
To generate income and capital appreciation by predominantly investing in an actively managed diversified portfolio of equity and equity-related instruments including derivatives
Degree of risk – VERY HIGH

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Scheme Riskometer

Benchmark Riskometer

Return on Equity: Return on equity (ROE) is the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.

Debt/Equity (ex-financials): Debt/Equity Ratio is a debt ratio used to measure a company's financial leverage, calculated by dividing a company's total liabilities by its stockholders' equity. The D/E ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders' equity. (Ex-Financials means excluding Banks and NBFCs).

Price/Earnings: The price-earnings ratio (P/E Ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings.

Beta: Beta is a measure of an investment’s volatility vis-à-vis the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market.

© 2024 Prudential Financial, Inc. (PFI) and its related entities. PGIM, the PGIM logo, and the Rock symbol are service marks of PFI and its related entities, registered in many jurisdictions worldwide.Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Invest Now

What is Flexi Cap Fund?

What is PGIM India Flexi Cap Fund?

Why invest in PGIM India Flexi Cap Fund?

Investment Strategy

Portfolio Positioning*

Who should Invest in PGIM India Flexi Cap Fund?

Which Investment Themes does PGIM India Flexi Cap Fund Participate in?*

Software ProductDevelopment Companies

Discretionary Retail

Water and Water Transportation

Hospitality

Real Estate

Home Building

Chemicals

Staffing