SIP Performance of PGIM India Midcap Opportunities Fund – Direct Plan
A Systematic Investment Plan or SIP is offered by mutual fund schemes to ease the investment of an individual. SIP can be started as low as Rs 500 and there is no upper limit specified. SIP aids an individual to make the habit of investing regularly. Mutual funds offer various types of schemes such as debt-oriented schemes, equity-oriented schemes, hybrid schemes and other schemes which are divided into various categories.
PGIM India Midcap Opportunities Fund is an open-ended mid-cap mutual fund. It is one of the highly-rated mutual funds within the category. All rating agencies such as CRISIL, Morningstar and Value Research have given a five-star rating to this fund. If you had invested just Rs 2,000 every month i.e., Rs 24,000 per annum from October 1, 2018, till the present date i.e., October 12, 2021, then the worth of your investment would have been Rs 1,60,138 as against the invested amount of Rs 74,000.
Following graph depicts the growth of the above investment:
Now the question arises, what rate of return the above investment delivers? Let’s look at the same:
As we can see, if you had invested Rs 2,000 every month for three years, you would have received a 47.56 per cent return.
Let’s look at the top 5 holdings of the PGIM India Midcap Opportunities Fund:
|
Company
|
Assets%
|
|
Mphasis
|
4.02
|
|
Ashok Leyland
|
3.28
|
|
Voltas
|
3.13
|
|
Max Financial Services
|
3.11
|
|
JB Chemicals & Pharma
|
2.93
|
The top 3 sector allocation of the fund is:
|
Sector name
|
Allocation%
|
|
Engineering
|
16.69
|
|
Financial
|
13.59
|
|
Healthcare
|
11.40
|