PGIM India Flexi cap fund vs PGIM India Retirement Fund
Direct Plan, Growth option · Data as on 30-10-2026
PGIM India Flexi cap fund is a Flexi Cap fund and PGIM India Retirement Fund is a Solution fund. In the year to 30-10-2026, PGIM India Flexi cap fund (Direct) returned −4.6% and PGIM India Retirement Fund (Direct) returned −3.7%. PGIM India Flexi cap fund charges 0.85% a year and PGIM India Retirement Fund 1.12% (Direct plans). Their portfolios overlap 50.3%: they hold 48 of the same securities.
PGIM India Flexi cap fund
Flexi Cap
- 1 year return
- −4.6%
- Expense ratio
- 0.85%
- NAV
- ₹41.91
PGIM India Retirement Fund
Solution
- 1 year return
- −3.7%
- Expense ratio
- 1.12%
- NAV
- ₹12.09
Which is better, PGIM India Flexi cap fund or PGIM India Retirement? 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 Retirement returned more over 1 year: −3.7% against −4.6%.
- PGIM India Flexi cap fund costs less: 0.85% a year against 1.12% (Direct plans).
- PGIM India Retirement fell less in its worst fall since 19-04-2024: −16.5% against −17.3%.
- PGIM India Flexi cap fund holds more in large companies: 55.2% of the fund in large caps against 36.9%.
- PGIM India Flexi cap fund is the larger fund: ₹5,595 Cr against ₹104 Cr.
- Their portfolios overlap 50.3%: 48 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 Flexi cap fund | PGIM India Retirement Fund |
|---|---|---|
| Fund house | PGIM India Mutual Fund | PGIM India Mutual Fund |
| Category | Flexi Cap | Solution |
| AUM | ₹5,595 Cr (30-09-2026) | ₹104 Cr (30-09-2026) |
| NAV | ₹41.91 (Direct) | ₹12.09 (Direct) |
| Expense ratio (Direct) | 0.85% | 1.12% |
| Expense ratio (Regular) | 2.11% | 2.59% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | BSE 500 TRI |
| Launch date | 04-03-2015 | 15-04-2024 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | Anandha Padmanabhan Anjeneyan, Vivek Sharma, Vinay Paharia, Puneet Pal | Vinay Paharia, Vivek Sharma, and Mr. Puneet Pal |
| Exit load | Exit load of 0.5%, if redeemed within 90 days. | NIL |
PGIM India Flexi cap fund vs PGIM India Retirement: 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 Flexi cap fund (Direct) | −0.78% | −3.77% | +1.21% | −4.62% | +10.59% | +7.34% | +14.24% |
| PGIM India Retirement Fund (Direct) | −1.95% | −5.10% | +1.60% | −3.67% | -- | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | +13.13% |
Category average: the average of the 46 Flexi Cap funds, same plan type.
PGIM India Flexi cap fund vs PGIM India Retirement: Year-wise Returns
| Year | Flexi cap fundPGIM India Flexi cap fund | RetirementPGIM India Retirement |
|---|---|---|
| 2026to date | −3.17% | −0.98% |
| 2025 | +6.13% | +3.21% |
| 2024 | +17.08% | -- |
| 2023 | +21.66% | -- |
| 2022 | −4.92% | -- |
| 2021 | +46.45% | -- |
PGIM India Flexi cap fund vs PGIM India Retirement: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of PGIM India Flexi cap fund
Rolling returns
Every 1-year holding period, 378 of them, one for each trading day from 21-04-2025 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 Flexi cap fund (Direct)
PGIM India Retirement Fund (Direct)
Nifty 500 TRI
to
Jun 2025Sept 2024
to
Sept 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 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 Flexi cap fund | 13.8 | 35.2 | 35.4 | 15.3 | 0.3 | 0.0 | 0.0 | 4.9% | 5.2% | −7.0% | 16.7% | 72% |
| PGIM India Retirement | 13.0 | 39.9 | 24.9 | 16.7 | 5.3 | 0.3 | 0.0 | 5.5% | 4.6% | −5.8% | 21.7% | 68% |
| Nifty 500 TRI | 27.5 | 31.7 | 32.0 | 7.1 | 1.6 | 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 19-04-2024. Past returns do not promise future returns.
PGIM India Flexi cap fund vs PGIM India Retirement: 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 01-04-2024 to 30-10-2026: 31 instalments, ₹3,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| PGIM India Flexi cap fundPGIM India Flexi cap fund (Direct) | ₹3,10,000 | ₹3,17,879 | ₹7,879 | 1.9% |
| PGIM India RetirementPGIM India Retirement Fund (Direct) | ₹3,10,000 | ₹3,20,401 | ₹10,401 | 2.5% |
PGIM India Flexi cap fundPGIM India Flexi cap fund (Direct)
PGIM India RetirementPGIM India Retirement 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 Flexi cap fund vs PGIM India Retirement: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | PGIM India Flexi cap fund (Direct) | PGIM India Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.62% | −3.67% |
| Standard deviation | 13.86% | 13.62% |
| Sharpe ratio | -0.71 | -0.65 |
| Sortino ratio | -0.96 | -0.88 |
| Maximum drawdown | −14.1% (30-03-2026) | −14.7% (30-03-2026) |
| Beta | 0.95 | 0.92 |
| Alpha | +2.07% | +2.95% |
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 Flexi cap fund (Direct) | PGIM India Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.11% | +7.82% |
| Standard deviation | 15.63% | 14.06% |
| Sharpe ratio | 0.48 | 0.14 |
| Sortino ratio | 0.65 | 0.19 |
| Maximum drawdown | −36.5% (23-03-2020) | −16.5% (28-02-2025) |
| Beta | 0.95 | 0.93 |
| Alpha | +2.14% | +4.03% |
From daily NAVs, 09-03-2015 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 Flexi cap fund (Direct)
PGIM India Retirement 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 Flexi cap fund (Direct) | −17.3% | 23-09-2024 | 28-02-2025 | 18-09-2025 | 7 months | −6.2% |
| PGIM India Retirement Fund (Direct) | −16.5% | 23-09-2024 | 28-02-2025 | 26-06-2025 | 4 months | −7.4% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 19-04-2024, 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 Flexi cap fund (Direct)
PGIM India Retirement Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| PGIM India Flexi cap fund (Direct) | 102% | 90% | 3.64% |
| PGIM India Retirement Fund (Direct) | 109% | 90% | 4.42% |
From month-end values since 19-04-2024. 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 Flexi cap fund vs PGIM India Retirement: Portfolio Overlap
From each fund's latest monthly portfolio: PGIM India Flexi cap fund, September 2026; PGIM India Retirement Fund, September 2026
Holdings in common
- Overlap
- 50.3%
- Held by both
- 48
- Only in PGIM India Flexi cap fund
- 37
- Only in PGIM India Retirement
- 39
| Security | % of PGIM India Flexi cap fund | % of PGIM India Retirement |
|---|---|---|
| ICICI Bank Ltd. | 5.81% | 5.90% |
| HDFC Bank Ltd. | 6.12% | 5.51% |
| Reliance Industries Ltd. | 1.98% | 3.18% |
| Eternal Ltd. | 3.21% | 1.79% |
| Bajaj Finance Ltd. | 1.93% | 1.78% |
| Bharti Airtel Ltd. | 3.86% | 1.77% |
| Mankind Pharma Ltd. | 1.30% | 1.43% |
| Navin Fluorine International Ltd. | 1.29% | 1.64% |
| Max Healthcare Institute Ltd. | 1.47% | 1.17% |
| Sundaram Finance Ltd. | 1.15% | 1.25% |
| Multi Commodity Exchange Of India Ltd. | 1.04% | 1.98% |
| Doms Industries Ltd. | 1.04% | 1.89% |
| ICICI Lombard General Insurance Co. Ltd. | 1.03% | 1.10% |
| Krishna Inst of Medical Sciences Ltd. | 1.02% | 1.46% |
| Infosys Ltd. | 1.00% | 2.40% |
| Solar Industries India Ltd. | 0.98% | 2.19% |
| Info Edge (India) Ltd. | 1.07% | 0.96% |
| AU Small Finance Bank Ltd. | 1.41% | 0.95% |
| VARUN BEVERAGES LIMITED | 1.47% | 0.94% |
| Torrent Pharmaceuticals Ltd. | 0.83% | 1.75% |
| One 97 Communications Ltd. | 0.79% | 0.94% |
| Tata Consultancy Services Ltd. | 0.79% | 2.10% |
| Larsen & Toubro Ltd. | 1.56% | 0.78% |
| ICICI Prudential Asset Mgmt Co Ltd. | 0.77% | 0.88% |
| JK Cement Ltd. | 1.58% | 0.76% |
| UNO Minda Ltd. | 1.45% | 0.76% |
| Craftsman Automation Ltd. | 0.76% | 0.78% |
| LG Electronics India Ltd. | 0.74% | 0.79% |
| Container Corporation Of India Ltd. | 0.74% | 0.74% |
| InterGlobe Aviation Ltd. | 1.01% | 0.73% |
| Bharat Electronics Ltd. | 1.18% | 0.71% |
| Timken India Ltd. | 0.71% | 0.76% |
| Affle 3i Ltd. | 1.23% | 0.70% |
| Neuland Laboratories Ltd. | 0.64% | 1.09% |
| BlackBuck Ltd. | 0.88% | 0.62% |
| Sai Life Sciences Ltd | 0.57% | 1.93% |
| 360 One Wam Ltd. | 0.98% | 0.55% |
| Anthem Biosciences Ltd. | 0.54% | 1.18% |
| Amagi Media Labs Ltd. | 0.75% | 0.53% |
| Blue Star Ltd. | 0.53% | 0.62% |
| Horizon Industrial Parks Ltd. | 0.50% | 0.59% |
| V-Guard Industries Ltd. | 0.49% | 0.70% |
| Endurance Technologies Ltd. | 0.49% | 0.82% |
| Rubicon Research Ltd. | 0.48% | 1.40% |
| Triveni Turbine Ltd. | 0.42% | 0.57% |
| Clean Max Enviro Energy Solutions Ltd. | 0.41% | 0.92% |
| Torrent Power Ltd. | 0.45% | 0.31% |
| 364 DAYS TBILL RED 29-10-2026 | 0.12% | 0.14% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.3% means 50.3% 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 Flexi cap fund
| Security | % of fund |
|---|---|
| State Bank of India | 2.71% |
| TVS Motor Company Ltd. | 2.47% |
| Titan Company Ltd. | 1.85% |
| JSW Steel Ltd. | 1.75% |
| Tech Mahindra Ltd. | 1.72% |
Largest holdings only in PGIM India Retirement Fund
| Security | % of fund |
|---|---|
| JSW Infrastructure Ltd. | 1.44% |
| Carborundum Universal Ltd. | 1.38% |
| Dixon Technologies (India) Ltd. | 1.32% |
| Gabriel India Ltd. | 1.22% |
| Molbio Diagnostics Ltd. | 1.19% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | PGIM India Flexi cap fund | PGIM India Retirement |
|---|---|---|
| Equity | 96.8% | 96.4% |
| Debt | 0.1% | 0.1% |
| Cash and others | 3.1% | 3.5% |
Market cap of stocks
| Market cap | PGIM India Flexi cap fund | PGIM India Retirement |
|---|---|---|
| Large Cap | 55.2% | 36.9% |
| Mid Cap | 21.3% | 30.1% |
| Small Cap | 17.5% | 26.4% |
| Not on AMFI's list | 2.7% | 2.9% |
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 Flexi cap fund | PGIM India Retirement |
|---|---|---|
| Banks | 19.1% | 12.4% |
| Pharmaceuticals & Biotechnology | 6.2% | 8.8% |
| Auto Components | 2.9% | 7.3% |
| Automobiles | 5.5% | 1.5% |
| Retailing | 5.2% | 3.8% |
| IT - Software | 4.6% | 4.5% |
| Capital Markets | 3.1% | 4.5% |
| Chemicals & Petrochemicals | 2.3% | 4.4% |
| Consumer Durables | 4.3% | 3.7% |
The six largest sectors of each fund's stocks, % of the fund.
PGIM India Flexi cap fund vs PGIM India Retirement: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | PGIM India Flexi cap fund | PGIM India Retirement Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.85% | 1.12% |
| Base expense ratio (Direct) | 0.51% | 0.85% |
| Total expense ratio (Regular) | 2.11% | 2.59% |
| Base expense ratio (Regular) | 1.58% | 2.10% |
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
PGIM India Flexi cap fund vs PGIM India Retirement Fund: Frequently Asked Questions
What is the difference between PGIM India Flexi cap fund and PGIM India Retirement Fund?
PGIM India Flexi cap fund is a Flexi Cap fund, PGIM India Retirement Fund is a Solution fund, run by PGIM India Mutual Fund. Their portfolios overlap 50.3%. PGIM India Flexi cap fund charges 0.85% a year and PGIM India Retirement Fund 1.12%.
Which has given higher returns, PGIM India Flexi cap fund or PGIM India Retirement Fund?
Over 1 year: PGIM India Flexi cap fund −4.62%, PGIM India Retirement Fund −3.67%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, PGIM India Flexi cap fund or PGIM India Retirement Fund?
PGIM India Flexi cap fund charges less: 0.85% a year against 1.12%. These are the Direct plans' total expense ratios reported to AMFI.
How much do PGIM India Flexi cap fund and PGIM India Retirement Fund overlap?
50.3%. They hold 48 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, PGIM India Flexi cap fund or PGIM India Retirement Fund?
On SEBI's riskometer, PGIM India Flexi cap fund is rated Very High and PGIM India Retirement Fund Very High. Over 1 years, the standard deviation of daily returns was 13.86% and 13.62% a year.
Can I invest in both PGIM India Flexi cap fund and PGIM India Retirement Fund?
Yes. 50.3% 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 Flexi cap fund and PGIM India Retirement Fund?
PGIM India Flexi cap fund: Anandha Padmanabhan Anjeneyan, Vivek Sharma, Vinay Paharia, Puneet Pal. PGIM India Retirement Fund: Vinay Paharia, Vivek Sharma, 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.