Earlier known as DHFL Pramerica Midcap Opportunities, the fund is now run solely under the banner of PGIM India since its 100% acquisition of the erstwhile joint venture.
Getty Images
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
New Entrants: Crompton Greaves Consumer Elec, Dalmia Bharat, GR Infraprojects, Gokaldas Exports, JB Chemicals, Affle (India), APL Apollo Tubes, Clean Science And Tech, Gujarat State Petronet, India Glycols, Praj Inds, Suven Pharma.
Complete Exits: Cholamandalam Inv, Graphite India, Indiamart Intermesh, NOCIL, GwR Infraprojects, John Cockrill India, MTAR Tech, SAIL, Whirlpool Of India
How risky is it?
Source: Value Research
Should you buy? Earlier known as DHFL Pramerica Midcap Opportunities, the fund is now run solely under the banner of PGIM India since its 100% acquisition of the erstwhile joint venture. The change of ownership was followed by strengthening of internal processes under new CIO Srinivas Ravuri. Under its present fund manager, the fund places firm emphasis on low debt, strong cash flows and clean corporate governance. It avoids bets on sectors with high or rising competitive intensity. The fund manager prefers running an index agnostic portfolio. While it struggled for years till 2018, its performance has picked up since, boasting a much superior risk-return profile in its category. A few more years of consistent outperformance will cement its emergence as a worthy pick.
Getty Images
Get Unlimited Access to The Economic Times
