PGIM India ELSS Tax Saver Fund vs PGIM India Large and Midcap Fund
Direct Plan, Growth option · Data as on 30-10-2026
PGIM India ELSS Tax Saver Fund is an ELSS fund and PGIM India Large and Midcap Fund is a Large & Mid Cap fund. In the year to 30-10-2026, PGIM India ELSS Tax Saver Fund (Direct) returned −5.5% and PGIM India Large and Midcap Fund (Direct) returned −4.9%. PGIM India ELSS Tax Saver Fund charges 1.07% a year and PGIM India Large and Midcap Fund 0.90% (Direct plans). Their portfolios overlap 52.2%: they hold 44 of the same securities.
PGIM India ELSS Tax Saver Fund
ELSS
- 1 year return
- −5.5%
- Expense ratio
- 1.07%
- NAV
- ₹38.62
PGIM India Large and Midcap Fund
Large & Mid Cap
- 1 year return
- −4.9%
- Expense ratio
- 0.90%
- NAV
- ₹12.52
Which is better, PGIM India ELSS Tax Saver or PGIM India Large and Midcap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- PGIM India Large and Midcap returned more over 1 year: −4.9% against −5.5%.
- PGIM India Large and Midcap costs less: 0.90% a year against 1.07% (Direct plans).
- PGIM India Large and Midcap fell less in its worst fall since 16-02-2024: −15.5% against −16.5%.
- PGIM India Large and Midcap is the larger fund: ₹777 Cr against ₹680 Cr.
- Their portfolios overlap 52.2%: 44 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | PGIM India ELSS Tax Saver Fund | PGIM India Large and Midcap Fund |
|---|---|---|
| Fund house | PGIM India Mutual Fund | PGIM India Mutual Fund |
| Category | ELSS | Large & Mid Cap |
| AUM | ₹680 Cr (30-09-2026) | ₹777 Cr (30-09-2026) |
| NAV | ₹38.62 (Direct) | ₹12.52 (Direct) |
| Expense ratio (Direct) | 1.07% | 0.90% |
| Expense ratio (Regular) | 2.60% | 2.54% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty LargeMidcap 250 TRI |
| Launch date | 11-12-2015 | 12-02-2024 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | 3 years | None |
| Fund managers | Utsav Mehta, Vinay Paharia, and Mr. Akhil Dhar | Vinay Paharia, Anandha Padmanabhan Anjeneyan, Utsav Mehta, Puneet Pal |
| Exit load | NIL | Exit load of 0.5%, if redeemed within 90 days. |
PGIM India ELSS Tax Saver vs PGIM India Large and Midcap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| PGIM India ELSS Tax Saver Fund (Direct) | −0.72% | −3.79% | +1.55% | −5.53% | +9.28% | +9.04% | +12.91% |
| PGIM India Large and Midcap Fund (Direct) | −1.34% | −5.22% | +0.56% | −4.94% | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | -- | -- | -- |
Category average: the average of the 50 ELSS funds and the 36 Large & Mid Cap funds, same plan type.
PGIM India ELSS Tax Saver vs PGIM India Large and Midcap: Year-wise Returns
| Year | ELSS Tax SaverPGIM India ELSS Tax Saver | Large and MidcapPGIM India Large and Midcap |
|---|---|---|
| 2026to date | −4.26% | −3.25% |
| 2025 | +3.54% | +6.24% |
| 2024 | +17.38% | -- |
| 2023 | +21.26% | -- |
| 2022 | +6.21% | -- |
| 2021 | +39.07% | -- |
PGIM India ELSS Tax Saver vs PGIM India Large and Midcap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of PGIM India ELSS Tax Saver Fund
Rolling returns
Every 1-year holding period, 418 of them, one for each trading day from 17-02-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
PGIM India ELSS Tax Saver Fund (Direct)
PGIM India Large and Midcap Fund (Direct)
Nifty 500 TRI
to
Apr 2025Jul 2024
to
Jul 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PGIM India ELSS Tax Saver | 26.1 | 35.2 | 25.6 | 11.7 | 1.4 | 0.0 | 0.0 | 3.6% | 3.4% | −8.1% | 16.6% | 52% |
| PGIM India Large and Midcap | 12.4 | 26.1 | 35.9 | 21.8 | 3.8 | 0.0 | 0.0 | 6.3% | 6.5% | −6.5% | 19.6% | 77% |
| Nifty 500 TRI | 26.1 | 34.2 | 31.8 | 6.5 | 1.4 | 0.0 | 0.0 | 3.5% | 3.3% | −9.0% | 15.9% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 16-02-2024. Past returns do not promise future returns.
PGIM India ELSS Tax Saver vs PGIM India Large and Midcap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-02-2024 to 30-10-2026: 33 instalments, ₹3,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| PGIM India ELSS Tax SaverPGIM India ELSS Tax Saver Fund (Direct) | ₹3,30,000 | ₹3,36,178 | ₹6,178 | 1.3% |
| PGIM India Large and MidcapPGIM India Large and Midcap Fund (Direct) | ₹3,30,000 | ₹3,42,630 | ₹12,630 | 2.7% |
PGIM India ELSS Tax SaverPGIM India ELSS Tax Saver Fund (Direct)
PGIM India Large and MidcapPGIM India Large and Midcap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
PGIM India ELSS Tax Saver vs PGIM India Large and Midcap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | PGIM India ELSS Tax Saver Fund (Direct) | PGIM India Large and Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.53% | −4.94% |
| Standard deviation | 14.02% | 14.25% |
| Sharpe ratio | -0.77 | -0.71 |
| Sortino ratio | -1.04 | -0.96 |
| Maximum drawdown | −16.5% (30-03-2026) | −14.4% (30-03-2026) |
| Beta | 0.96 | 0.94 |
| Alpha | +1.29% | +0.83% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | PGIM India ELSS Tax Saver Fund (Direct) | PGIM India Large and Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.22% | +8.11% |
| Standard deviation | 14.88% | 13.89% |
| Sharpe ratio | 0.52 | 0.16 |
| Sortino ratio | 0.70 | 0.22 |
| Maximum drawdown | −36.7% (23-03-2020) | −15.5% (28-02-2025) |
| Beta | 0.91 | 0.89 |
| Alpha | +0.78% | +2.98% |
From daily NAVs, 14-12-2015 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
PGIM India ELSS Tax Saver Fund (Direct)
PGIM India Large and Midcap Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| PGIM India ELSS Tax Saver Fund (Direct) | −16.5% | 20-11-2025 | 30-03-2026 | Not yet | -- | −6.2% |
| PGIM India Large and Midcap Fund (Direct) | −15.5% | 23-09-2024 | 28-02-2025 | 25-06-2025 | 4 months | −7.6% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 16-02-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
PGIM India ELSS Tax Saver Fund (Direct)
PGIM India Large and Midcap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| PGIM India ELSS Tax Saver Fund (Direct) | 102% | 94% | 4.01% |
| PGIM India Large and Midcap Fund (Direct) | 110% | 92% | 3.67% |
From month-end values since 16-02-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
PGIM India ELSS Tax Saver vs PGIM India Large and Midcap: Portfolio Overlap
From each fund's latest monthly portfolio: PGIM India ELSS Tax Saver Fund, September 2026; PGIM India Large and Midcap Fund, September 2026
Holdings in common
- Overlap
- 52.2%
- Held by both
- 44
- Only in PGIM India ELSS Tax Saver
- 45
- Only in PGIM India Large and Midcap
- 33
| Security | % of PGIM India ELSS Tax Saver | % of PGIM India Large and Midcap |
|---|---|---|
| ICICI Bank Ltd. | 6.98% | 5.61% |
| HDFC Bank Ltd. | 7.01% | 4.50% |
| Reliance Industries Ltd. | 3.29% | 3.43% |
| Bharti Airtel Ltd. | 3.84% | 2.57% |
| Larsen & Toubro Ltd. | 2.39% | 2.91% |
| Eternal Ltd. | 2.49% | 2.38% |
| State Bank of India | 2.55% | 2.27% |
| Bajaj Finance Ltd. | 2.95% | 2.16% |
| Mankind Pharma Ltd. | 1.74% | 1.58% |
| UNO Minda Ltd. | 1.27% | 1.50% |
| Infosys Ltd. | 2.94% | 1.26% |
| Mahindra & Mahindra Ltd. | 1.34% | 1.22% |
| Dixon Technologies (India) Ltd. | 1.22% | 1.30% |
| ICICI Lombard General Insurance Co. Ltd. | 1.18% | 1.47% |
| TVS Motor Company Ltd. | 1.27% | 1.09% |
| Solar Industries India Ltd. | 1.01% | 1.99% |
| VARUN BEVERAGES LIMITED | 0.99% | 1.22% |
| Multi Commodity Exchange Of India Ltd. | 0.95% | 1.67% |
| SRF Ltd. | 0.84% | 0.88% |
| AU Small Finance Bank Ltd. | 0.81% | 1.34% |
| Tech Mahindra Ltd. | 0.81% | 0.80% |
| ICICI Prudential Asset Mgmt Co Ltd. | 0.78% | 0.82% |
| One 97 Communications Ltd. | 0.77% | 1.62% |
| Titan Company Ltd. | 0.88% | 0.74% |
| Bharat Electronics Ltd. | 0.73% | 1.28% |
| Ajanta Pharma Ltd. | 0.72% | 1.40% |
| Divi's Laboratories Ltd. | 0.71% | 1.67% |
| Max Healthcare Institute Ltd. | 1.60% | 0.67% |
| Torrent Power Ltd. | 0.65% | 0.73% |
| Cholamandalam Investment & Finance Company Ltd. | 0.64% | 0.73% |
| Horizon Industrial Parks Ltd. | 0.61% | 0.62% |
| InterGlobe Aviation Ltd. | 0.59% | 1.26% |
| LG Electronics India Ltd. | 0.54% | 1.11% |
| Container Corporation Of India Ltd. | 0.53% | 1.10% |
| Rubicon Research Ltd. | 0.50% | 0.55% |
| Sundaram Finance Ltd. | 0.48% | 1.03% |
| Power Finance Corporation Ltd. | 0.46% | 0.61% |
| Nestle India Ltd. | 0.45% | 0.94% |
| Bharat Petroleum Corporation Ltd. | 0.44% | 0.86% |
| Tata Consultancy Services Ltd. | 0.42% | 2.02% |
| Blue Star Ltd. | 0.42% | 0.95% |
| 360 One Wam Ltd. | 0.40% | 0.67% |
| Schaeffler India Ltd. | 0.49% | 0.39% |
| 364 DAYS TBILL RED 29-10-2026 | 0.15% | 0.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 52.2% means 52.2% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in PGIM India ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Ltd. | 2.57% |
| JSW Steel Ltd. | 2.04% |
| Clean Max Enviro Energy Solutions Ltd. | 1.39% |
| Navin Fluorine International Ltd. | 1.31% |
| Sai Life Sciences Ltd | 1.22% |
Largest holdings only in PGIM India Large and Midcap Fund
| Security | % of fund |
|---|---|
| JSW Infrastructure Ltd. | 2.10% |
| JK Cement Ltd. | 1.66% |
| Bharti Hexacom Ltd. | 1.49% |
| Info Edge (India) Ltd. | 1.46% |
| Anthem Biosciences Ltd. | 1.27% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | PGIM India ELSS Tax Saver | PGIM India Large and Midcap |
|---|---|---|
| Equity | 97.7% | 97.6% |
| Debt | 0.1% | 0.2% |
| Cash and others | 2.2% | 2.2% |
Market cap of stocks
| Market cap | PGIM India ELSS Tax Saver | PGIM India Large and Midcap |
|---|---|---|
| Large Cap | 55.8% | 51.2% |
| Mid Cap | 20.1% | 39.4% |
| Small Cap | 21.2% | 3.5% |
| Not on AMFI's list | 0.6% | 3.5% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | PGIM India ELSS Tax Saver | PGIM India Large and Midcap |
|---|---|---|
| Banks | 20.9% | 13.7% |
| Pharmaceuticals & Biotechnology | 5.5% | 8.0% |
| Finance | 5.3% | 6.5% |
| Retailing | 3.2% | 5.9% |
| Auto Components | 3.7% | 5.2% |
| IT - Software | 4.6% | 4.8% |
| Chemicals & Petrochemicals | 4.1% | 3.7% |
| Telecom - Services | 3.8% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
PGIM India ELSS Tax Saver vs PGIM India Large and Midcap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | PGIM India ELSS Tax Saver Fund | PGIM India Large and Midcap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.07% | 0.90% |
| Base expense ratio (Direct) | 0.76% | 0.64% |
| Total expense ratio (Regular) | 2.60% | 2.54% |
| Base expense ratio (Regular) | 2.05% | 2.03% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare PGIM India ELSS Tax Saver with
Compare PGIM India Large and Midcap with
PGIM India ELSS Tax Saver Fund vs PGIM India Large and Midcap Fund: Frequently Asked Questions
What is the difference between PGIM India ELSS Tax Saver Fund and PGIM India Large and Midcap Fund?
PGIM India ELSS Tax Saver Fund is an ELSS fund, PGIM India Large and Midcap Fund is a Large & Mid Cap fund, run by PGIM India Mutual Fund. Their portfolios overlap 52.2%. PGIM India ELSS Tax Saver Fund charges 1.07% a year and PGIM India Large and Midcap Fund 0.90%.
Which has given higher returns, PGIM India ELSS Tax Saver Fund or PGIM India Large and Midcap Fund?
Over 1 year: PGIM India ELSS Tax Saver Fund −5.53%, PGIM India Large and Midcap Fund −4.94%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, PGIM India ELSS Tax Saver Fund or PGIM India Large and Midcap Fund?
PGIM India Large and Midcap Fund charges less: 0.90% a year against 1.07%. These are the Direct plans' total expense ratios reported to AMFI.
How much do PGIM India ELSS Tax Saver Fund and PGIM India Large and Midcap Fund overlap?
52.2%. They hold 44 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, PGIM India ELSS Tax Saver Fund or PGIM India Large and Midcap Fund?
On SEBI's riskometer, PGIM India ELSS Tax Saver Fund is rated Very High and PGIM India Large and Midcap Fund Very High. Over 1 years, the standard deviation of daily returns was 14.02% and 14.25% a year.
Can I invest in both PGIM India ELSS Tax Saver Fund and PGIM India Large and Midcap Fund?
Yes. 52.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages PGIM India ELSS Tax Saver Fund and PGIM India Large and Midcap Fund?
PGIM India ELSS Tax Saver Fund: Utsav Mehta, Vinay Paharia, and Mr. Akhil Dhar. PGIM India Large and Midcap Fund: Vinay Paharia, Anandha Padmanabhan Anjeneyan, Utsav Mehta, Puneet Pal.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.