PGIM India ELSS Tax Saver Fund vs PGIM India Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
PGIM India ELSS Tax Saver Fund is an ELSS fund and PGIM India Multi Asset Allocation Fund is a Multi Asset fund. PGIM India ELSS Tax Saver Fund charges 1.07% a year and PGIM India Multi Asset Allocation Fund 0.85% (Direct plans). Their portfolios overlap 46.4%: they hold 56 of the same securities.
PGIM India Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.85%
- NAV
- ₹10.12
Which is better, PGIM India ELSS Tax Saver or PGIM India Multi Asset Allocation? 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 Multi Asset Allocation costs less: 0.85% a year against 1.07% (Direct plans).
- PGIM India Multi Asset Allocation fell less in its worst fall since 03-12-2025: −12.1% against −15.4%.
- PGIM India ELSS Tax Saver holds more in large companies: 55.8% of the fund in large caps against 39.7%.
- PGIM India ELSS Tax Saver is the larger fund: ₹680 Cr against ₹324 Cr.
- Their portfolios overlap 46.4%: 56 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 Multi Asset Allocation Fund |
|---|---|---|
| Fund house | PGIM India Mutual Fund | PGIM India Mutual Fund |
| Category | ELSS | Multi Asset |
| AUM | ₹680 Cr (30-09-2026) | ₹324 Cr (30-09-2026) |
| NAV | ₹38.62 (Direct) | ₹10.12 (Direct) |
| Expense ratio (Direct) | 1.07% | 0.85% |
| Expense ratio (Regular) | 2.60% | 2.56% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | 60% Nifty 500 TRI + 20% Crisil Short Term Bond Index + 10% Domestic prices of Gold + 10% Domestic prices of Silver |
| Launch date | 11-12-2015 | 28-11-2025 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | 3 years | None |
| Fund managers | Utsav Mehta, Vinay Paharia, and Mr. Akhil Dhar | Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. Puneet Pal |
| Exit load | NIL | Exit load of 0.50%, if redeemed within 90 days |
PGIM India ELSS Tax Saver vs PGIM India Multi Asset Allocation: 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 Multi Asset Allocation Fund (Direct) | −2.32% | −4.26% | −2.03% | -- | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | -- | -- | -- | -- |
Category average: the average of the 50 ELSS funds and the 37 Multi Asset funds, same plan type.
PGIM India ELSS Tax Saver vs PGIM India Multi Asset Allocation: Year-wise Returns
| Year | ELSS Tax SaverPGIM India ELSS Tax Saver | Multi Asset AllocationPGIM India Multi Asset Allocation |
|---|---|---|
| 2026to date | −4.26% | −1.17% |
| 2025 | +3.54% | -- |
| 2024 | +17.38% | -- |
| 2023 | +21.26% | -- |
| 2022 | +6.21% | -- |
| 2021 | +39.07% | -- |
PGIM India ELSS Tax Saver vs PGIM India Multi Asset Allocation: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of PGIM India ELSS Tax Saver Fund
PGIM India ELSS Tax Saver vs PGIM India Multi Asset Allocation: 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 Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.22% | +1.44% |
| Standard deviation | 14.88% | 13.01% |
| Sharpe ratio | 0.52 | -0.29 |
| Sortino ratio | 0.70 | -0.38 |
| Maximum drawdown | −36.7% (23-03-2020) | −12.1% (23-03-2026) |
| Beta | 0.91 | -- |
| Alpha | +0.78% | -- |
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 Multi Asset Allocation 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) | −15.4% | 02-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −6.0% |
| PGIM India Multi Asset Allocation Fund (Direct) | −12.1% | 29-01-2026 | 23-03-2026 | 25-08-2026 | 5 months | −7.4% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 03-12-2025, the first day every fund has.
PGIM India ELSS Tax Saver vs PGIM India Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: PGIM India ELSS Tax Saver Fund, September 2026; PGIM India Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 46.4%
- Held by both
- 56
- Only in PGIM India ELSS Tax Saver
- 33
- Only in PGIM India Multi Asset Allocation
- 34
| Security | % of PGIM India ELSS Tax Saver | % of PGIM India Multi Asset Allocation |
|---|---|---|
| HDFC Bank Ltd. | 7.01% | 3.85% |
| ICICI Bank Ltd. | 6.98% | 2.76% |
| Kotak Mahindra Bank Ltd. | 2.57% | 3.79% |
| State Bank of India | 2.55% | 2.24% |
| Reliance Industries Ltd. | 3.29% | 1.80% |
| Larsen & Toubro Ltd. | 2.39% | 1.74% |
| Infosys Ltd. | 2.94% | 1.57% |
| Bajaj Finance Ltd. | 2.95% | 1.50% |
| Eternal Ltd. | 2.49% | 1.28% |
| TVS Motor Company Ltd. | 1.27% | 1.13% |
| Bharti Airtel Ltd. | 3.84% | 1.08% |
| Max Healthcare Institute Ltd. | 1.60% | 1.06% |
| Solar Industries India Ltd. | 1.01% | 1.63% |
| Titan Company Ltd. | 0.88% | 3.00% |
| Mankind Pharma Ltd. | 1.74% | 0.84% |
| Navin Fluorine International Ltd. | 1.31% | 0.82% |
| Tech Mahindra Ltd. | 0.81% | 1.07% |
| AU Small Finance Bank Ltd. | 0.81% | 1.40% |
| One 97 Communications Ltd. | 0.77% | 0.96% |
| Bharat Electronics Ltd. | 0.73% | 1.15% |
| Vishal Mega Mart Ltd | 0.73% | 0.75% |
| CG Power and Industrial Solutions Ltd. | 1.06% | 0.71% |
| Divi's Laboratories Ltd. | 0.71% | 0.93% |
| Sona BLW Precision Forgings Ltd. | 0.70% | 1.45% |
| Torrent Power Ltd. | 0.65% | 0.83% |
| SRF Ltd. | 0.84% | 0.63% |
| Acutaas Chemicals Ltd. | 0.63% | 0.63% |
| Marico Ltd. | 0.59% | 0.78% |
| ICICI Prudential Asset Mgmt Co Ltd. | 0.78% | 0.57% |
| Horizon Industrial Parks Ltd. | 0.61% | 0.55% |
| Prestige Estates Projects Ltd. | 0.53% | 0.96% |
| Astral Ltd. | 0.52% | 0.58% |
| TBO Tek Ltd. | 0.58% | 0.50% |
| Rubicon Research Ltd. | 0.50% | 0.60% |
| ICICI Lombard General Insurance Co. Ltd. | 1.18% | 0.49% |
| VARUN BEVERAGES LIMITED | 0.99% | 0.49% |
| Schaeffler India Ltd. | 0.49% | 0.51% |
| Dixon Technologies (India) Ltd. | 1.22% | 0.48% |
| JSW Steel Ltd. | 2.04% | 0.46% |
| Cholamandalam Investment & Finance Company Ltd. | 0.64% | 0.45% |
| Nestle India Ltd. | 0.45% | 0.89% |
| UNO Minda Ltd. | 1.27% | 0.44% |
| Multi Commodity Exchange Of India Ltd. | 0.95% | 0.42% |
| HDFC Life Insurance Company Ltd. | 0.71% | 0.42% |
| Blue Star Ltd. | 0.42% | 0.58% |
| Hindalco Industries Ltd. | 0.73% | 0.40% |
| 360 One Wam Ltd. | 0.40% | 0.44% |
| Ajanta Pharma Ltd. | 0.72% | 0.38% |
| Power Finance Corporation Ltd. | 0.46% | 0.38% |
| Tata Consultancy Services Ltd. | 0.42% | 0.35% |
| Mahindra & Mahindra Ltd. | 1.34% | 0.33% |
| Ashok Leyland Ltd. | 0.39% | 0.33% |
| LG Electronics India Ltd. | 0.54% | 0.29% |
| Bharat Petroleum Corporation Ltd. | 0.44% | 0.27% |
| Persistent Systems Ltd. | 0.45% | 0.23% |
| MRS Bectors Food Specialities Ltd. | 0.88% | 0.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.4% means 46.4% 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 |
|---|---|
| Clean Max Enviro Energy Solutions Ltd. | 1.39% |
| Sai Life Sciences Ltd | 1.22% |
| Eicher Motors Ltd. | 1.12% |
| Welspun Corp Ltd. | 1.11% |
| Data Patterns (India) Ltd. | 1.00% |
Largest holdings only in PGIM India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| 6.01% Government of India | 6.01% |
| SBI Mutual Fund | 4.61% |
| HDFC Mutual Fund | 4.61% |
| ICICI Prudential Mutual Fund | 4.61% |
| 91 DAYS TBILL RED 01-10-2026 | 3.09% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | PGIM India ELSS Tax Saver | PGIM India Multi Asset Allocation |
|---|---|---|
| Equity | 97.7% | 65.2% |
| Debt | 0.1% | 10.3% |
| Cash and others | 2.2% | 24.5% |
Market cap of stocks
| Market cap | PGIM India ELSS Tax Saver | PGIM India Multi Asset Allocation |
|---|---|---|
| Large Cap | 55.8% | 39.7% |
| Mid Cap | 20.1% | 20.3% |
| Small Cap | 21.2% | 3.9% |
| Not on AMFI's list | 0.6% | 1.3% |
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 Multi Asset Allocation |
|---|---|---|
| Banks | 20.9% | 14.0% |
| Pharmaceuticals & Biotechnology | 5.5% | 4.7% |
| Finance | 5.3% | 3.2% |
| IT - Software | 4.6% | 3.2% |
| Consumer Durables | 3.1% | 4.3% |
| Chemicals & Petrochemicals | 4.1% | 3.1% |
| Telecom - Services | 3.8% | 1.7% |
| Retailing | 3.2% | 3.8% |
| Auto Components | 3.7% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
PGIM India ELSS Tax Saver vs PGIM India Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | PGIM India ELSS Tax Saver Fund | PGIM India Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.07% | 0.85% |
| Base expense ratio (Direct) | 0.76% | 0.54% |
| Total expense ratio (Regular) | 2.60% | 2.56% |
| Base expense ratio (Regular) | 2.05% | 1.99% |
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 Multi Asset Allocation with
- PGIM India Multi Asset Allocation vs Quant Multi Asset Allocation
- PGIM India Multi Asset Allocation vs Nippon India Multi Asset Allocation
- PGIM India Multi Asset Allocation vs DSP Multi Asset Allocation
- PGIM India Multi Asset Allocation vs Kotak Multi Asset Allocation
- PGIM India Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
PGIM India ELSS Tax Saver Fund vs PGIM India Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between PGIM India ELSS Tax Saver Fund and PGIM India Multi Asset Allocation Fund?
PGIM India ELSS Tax Saver Fund is an ELSS fund, PGIM India Multi Asset Allocation Fund is a Multi Asset fund, run by PGIM India Mutual Fund. Their portfolios overlap 46.4%. PGIM India ELSS Tax Saver Fund charges 1.07% a year and PGIM India Multi Asset Allocation Fund 0.85%.
Which has the lower expense ratio, PGIM India ELSS Tax Saver Fund or PGIM India Multi Asset Allocation Fund?
PGIM India Multi Asset Allocation Fund charges less: 0.85% 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 Multi Asset Allocation Fund overlap?
46.4%. They hold 56 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, PGIM India ELSS Tax Saver Fund or PGIM India Multi Asset Allocation Fund?
On SEBI's riskometer, PGIM India ELSS Tax Saver Fund is rated Very High and PGIM India Multi Asset Allocation Fund Very High. Over their common history, the standard deviation of daily returns was 14.88% and 13.01% a year.
Can I invest in both PGIM India ELSS Tax Saver Fund and PGIM India Multi Asset Allocation Fund?
Yes. 46.4% 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 Multi Asset Allocation Fund?
PGIM India ELSS Tax Saver Fund: Utsav Mehta, Vinay Paharia, and Mr. Akhil Dhar. PGIM India Multi Asset Allocation Fund: Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. 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.