PGIM India Large and Midcap Fund vs PGIM India Multi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
PGIM India Large and Midcap Fund is a Large & Mid Cap fund and PGIM India Multi Cap Fund is a Multi Cap fund. In the year to 30-10-2026, PGIM India Large and Midcap Fund (Direct) returned −4.9% and PGIM India Multi Cap Fund (Direct) returned 0.7%. PGIM India Large and Midcap Fund charges 0.90% a year and PGIM India Multi Cap Fund 0.78% (Direct plans). Their portfolios overlap 47.8%: they hold 50 of the same securities.
PGIM India Large and Midcap Fund
Large & Mid Cap
- 1 year return
- −4.9%
- Expense ratio
- 0.90%
- NAV
- ₹12.52
PGIM India Multi Cap Fund
Multi Cap
- 1 year return
- 0.7%
- Expense ratio
- 0.78%
- NAV
- ₹10.45
Which is better, PGIM India Large and Midcap or PGIM India Multi Cap? 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 Cap returned more over 1 year: 0.7% against −4.9%.
- PGIM India Multi Cap costs less: 0.78% a year against 0.90% (Direct plans).
- PGIM India Large and Midcap fell less in its worst fall since 13-09-2024: −15.5% against −18.1%.
- PGIM India Large and Midcap holds more in large companies: 51.2% of the fund in large caps against 37.8%.
- PGIM India Large and Midcap is the larger fund: ₹777 Cr against ₹460 Cr.
- Their portfolios overlap 47.8%: 50 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 Large and Midcap Fund | PGIM India Multi Cap Fund |
|---|---|---|
| Fund house | PGIM India Mutual Fund | PGIM India Mutual Fund |
| Category | Large & Mid Cap | Multi Cap |
| AUM | ₹777 Cr (30-09-2026) | ₹460 Cr (30-09-2026) |
| NAV | ₹12.52 (Direct) | ₹10.45 (Direct) |
| Expense ratio (Direct) | 0.90% | 0.78% |
| Expense ratio (Regular) | 2.54% | 2.53% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty LargeMidcap 250 TRI | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 12-02-2024 | 10-09-2024 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Vinay Paharia, Anandha Padmanabhan Anjeneyan, Utsav Mehta, Puneet Pal | Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. Puneet Pal |
| Exit load | Exit load of 0.5%, if redeemed within 90 days. | Exit load of 0.50%, if redeemed within 90 days. |
PGIM India Large and Midcap vs PGIM India Multi Cap: 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 Large and Midcap Fund (Direct) | −1.34% | −5.22% | +0.56% | −4.94% | -- | -- | -- |
| PGIM India Multi Cap Fund (Direct) | −2.25% | −3.15% | +3.77% | +0.67% | -- | -- | -- |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | -- | -- | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | -- | -- | -- |
Category average: the average of the 36 Large & Mid Cap funds and the 33 Multi Cap funds, same plan type.
PGIM India Large and Midcap vs PGIM India Multi Cap: Year-wise Returns
| Year | Large and MidcapPGIM India Large and Midcap | Multi CapPGIM India Multi Cap |
|---|---|---|
| 2026to date | −3.25% | +3.06% |
| 2025 | +6.24% | +5.63% |
PGIM India Large and Midcap vs PGIM India Multi Cap: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of PGIM India Large and Midcap Fund
Rolling returns
Every 1-year holding period, 276 of them, one for each trading day from 15-09-2025 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 Large and Midcap Fund (Direct)
PGIM India Multi Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
to
Oct 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 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 Large and Midcap | 18.8 | 35.1 | 32.6 | 11.2 | 2.2 | 0.0 | 0.0 | 4.4% | 4.3% | −6.5% | 16.1% | 28% |
| PGIM India Multi Cap | 2.9 | 23.9 | 46.0 | 23.2 | 4.0 | 0.0 | 0.0 | 7.4% | 7.5% | −2.5% | 17.7% | 74% |
| NIFTY LargeMidcap 250 TRI | 17.8 | 34.4 | 31.2 | 11.2 | 5.4 | 0.0 | 0.0 | 5.0% | 4.6% | −8.0% | 18.3% | -- |
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 LargeMidcap 250 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 13-09-2024. Past returns do not promise future returns.
PGIM India Large and Midcap vs PGIM India Multi Cap: 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 02-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| PGIM India Large and MidcapPGIM India Large and Midcap Fund (Direct) | ₹2,60,000 | ₹2,62,188 | ₹2,188 | 0.8% |
| PGIM India Multi CapPGIM India Multi Cap Fund (Direct) | ₹2,60,000 | ₹2,76,005 | ₹16,005 | 5.4% |
PGIM India Large and MidcapPGIM India Large and Midcap Fund (Direct)
PGIM India Multi CapPGIM India Multi Cap 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 Large and Midcap vs PGIM India Multi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | PGIM India Large and Midcap Fund (Direct) | PGIM India Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.94% | +0.67% |
| Standard deviation | 14.25% | 14.46% |
| Sharpe ratio | -0.71 | -0.32 |
| Sortino ratio | -0.96 | -0.43 |
| Maximum drawdown | −14.4% (30-03-2026) | −13.2% (23-03-2026) |
| Beta | 0.94 | 0.94 |
| Alpha | +0.83% | +6.05% |
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 Large and Midcap Fund (Direct) | PGIM India Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.11% | +1.66% |
| Standard deviation | 13.89% | 14.25% |
| Sharpe ratio | 0.16 | -0.28 |
| Sortino ratio | 0.22 | -0.38 |
| Maximum drawdown | −15.5% (28-02-2025) | −18.1% (28-02-2025) |
| Beta | 0.89 | 0.93 |
| Alpha | +2.98% | +4.05% |
From daily NAVs, 16-02-2024 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 Large and Midcap Fund (Direct)
PGIM India Multi Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| PGIM India Large and Midcap Fund (Direct) | −15.5% | 23-09-2024 | 28-02-2025 | 25-06-2025 | 4 months | −7.6% |
| PGIM India Multi Cap Fund (Direct) | −18.1% | 26-09-2024 | 28-02-2025 | 16-09-2025 | 7 months | −6.6% |
| NIFTY LargeMidcap 250 TRI | −18.8% | 26-09-2024 | 28-02-2025 | 17-11-2025 | 9 months | −8.6% |
From daily values since 13-09-2024, 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 Large and Midcap Fund (Direct)
PGIM India Multi Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| PGIM India Large and Midcap Fund (Direct) | 100% | 88% | 3.89% |
| PGIM India Multi Cap Fund (Direct) | 110% | 88% | 4.26% |
From month-end values since 13-09-2024. 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 Large and Midcap vs PGIM India Multi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: PGIM India Large and Midcap Fund, September 2026; PGIM India Multi Cap Fund, September 2026
Holdings in common
- Overlap
- 47.8%
- Held by both
- 50
- Only in PGIM India Large and Midcap
- 27
- Only in PGIM India Multi Cap
- 50
| Security | % of PGIM India Large and Midcap | % of PGIM India Multi Cap |
|---|---|---|
| ICICI Bank Ltd. | 5.61% | 4.44% |
| HDFC Bank Ltd. | 4.50% | 3.76% |
| Reliance Industries Ltd. | 3.43% | 2.31% |
| Bharti Airtel Ltd. | 2.57% | 1.98% |
| Eternal Ltd. | 2.38% | 1.77% |
| State Bank of India | 2.27% | 1.54% |
| Multi Commodity Exchange Of India Ltd. | 1.67% | 1.30% |
| Dixon Technologies (India) Ltd. | 1.30% | 1.29% |
| Larsen & Toubro Ltd. | 2.91% | 1.27% |
| Infosys Ltd. | 1.26% | 1.52% |
| Bajaj Finance Ltd. | 2.16% | 1.21% |
| TVS Motor Company Ltd. | 1.09% | 2.27% |
| ICICI Lombard General Insurance Co. Ltd. | 1.47% | 1.05% |
| Lenskart Solutions Ltd. | 1.04% | 1.49% |
| Solar Industries India Ltd. | 1.99% | 1.01% |
| Mankind Pharma Ltd. | 1.58% | 0.87% |
| Max Financial Services Ltd. | 0.87% | 1.29% |
| SRF Ltd. | 0.88% | 0.86% |
| Torrent Pharmaceuticals Ltd. | 0.85% | 1.07% |
| LG Electronics India Ltd. | 1.11% | 0.84% |
| Manipal Health Enterprises Ltd. | 0.89% | 0.82% |
| ICICI Prudential Asset Mgmt Co Ltd. | 0.82% | 0.81% |
| JK Cement Ltd. | 1.66% | 0.80% |
| Cholamandalam Investment & Finance Company Ltd. | 0.73% | 0.73% |
| Blue Star Ltd. | 0.95% | 0.72% |
| Divi's Laboratories Ltd. | 1.67% | 0.71% |
| One 97 Communications Ltd. | 1.62% | 0.71% |
| Torrent Power Ltd. | 0.73% | 0.69% |
| Max Healthcare Institute Ltd. | 0.67% | 0.86% |
| Tube Investments Of India Ltd. | 0.65% | 0.66% |
| 360 One Wam Ltd. | 0.67% | 0.64% |
| Sun Pharmaceutical Industries Ltd. | 0.64% | 0.76% |
| VARUN BEVERAGES LIMITED | 1.22% | 0.61% |
| Tech Mahindra Ltd. | 0.80% | 0.61% |
| Anthem Biosciences Ltd. | 1.27% | 0.60% |
| KEI Industries Ltd. | 0.59% | 0.62% |
| Horizon Industrial Parks Ltd. | 0.62% | 0.58% |
| Tata Consultancy Services Ltd. | 2.02% | 0.57% |
| AU Small Finance Bank Ltd. | 1.34% | 0.55% |
| Rubicon Research Ltd. | 0.55% | 1.24% |
| Bharti Hexacom Ltd. | 1.49% | 0.53% |
| Muthoot Finance Ltd. | 0.95% | 0.50% |
| Bharat Electronics Ltd. | 1.28% | 0.47% |
| Power Finance Corporation Ltd. | 0.61% | 0.45% |
| Container Corporation Of India Ltd. | 1.10% | 0.44% |
| SBI Funds Management Ltd. | 0.39% | 0.65% |
| Mahindra & Mahindra Ltd. | 1.22% | 0.38% |
| Bharat Petroleum Corporation Ltd. | 0.86% | 0.36% |
| Maruti Suzuki India Ltd. | 1.09% | 0.35% |
| 364 DAYS TBILL RED 29-10-2026 | 0.19% | 0.11% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 47.8% means 47.8% 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 Large and Midcap Fund
| Security | % of fund |
|---|---|
| JSW Infrastructure Ltd. | 2.10% |
| UNO Minda Ltd. | 1.50% |
| Info Edge (India) Ltd. | 1.46% |
| Ajanta Pharma Ltd. | 1.40% |
| InterGlobe Aviation Ltd. | 1.26% |
Largest holdings only in PGIM India Multi Cap Fund
| Security | % of fund |
|---|---|
| INDO-MIM Ltd. | 2.79% |
| Sansera Engineering Ltd. | 1.97% |
| CG Power and Industrial Solutions Ltd. | 1.89% |
| Nippon Life India Asset Management Ltd. | 1.49% |
| Hindalco Industries Ltd. | 1.34% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | PGIM India Large and Midcap | PGIM India Multi Cap |
|---|---|---|
| Equity | 97.6% | 95.0% |
| Debt | 0.2% | 0.1% |
| Cash and others | 2.2% | 4.9% |
Market cap of stocks
| Market cap | PGIM India Large and Midcap | PGIM India Multi Cap |
|---|---|---|
| Large Cap | 51.2% | 37.8% |
| Mid Cap | 39.4% | 25.9% |
| Small Cap | 3.5% | 23.9% |
| Not on AMFI's list | 3.5% | 7.4% |
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 Large and Midcap | PGIM India Multi Cap |
|---|---|---|
| Banks | 13.7% | 12.4% |
| Pharmaceuticals & Biotechnology | 8.0% | 7.0% |
| Finance | 6.5% | 3.5% |
| Auto Components | 5.2% | 6.2% |
| Retailing | 5.9% | 4.8% |
| Capital Markets | 4.1% | 4.9% |
| IT - Software | 4.8% | 3.8% |
| Healthcare Services | 2.6% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
PGIM India Large and Midcap vs PGIM India Multi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | PGIM India Large and Midcap Fund | PGIM India Multi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.90% | 0.78% |
| Base expense ratio (Direct) | 0.64% | 0.61% |
| Total expense ratio (Regular) | 2.54% | 2.53% |
| Base expense ratio (Regular) | 2.03% | 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
Compare PGIM India Large and Midcap with
PGIM India Large and Midcap Fund vs PGIM India Multi Cap Fund: Frequently Asked Questions
What is the difference between PGIM India Large and Midcap Fund and PGIM India Multi Cap Fund?
PGIM India Large and Midcap Fund is a Large & Mid Cap fund, PGIM India Multi Cap Fund is a Multi Cap fund, run by PGIM India Mutual Fund. Their portfolios overlap 47.8%. PGIM India Large and Midcap Fund charges 0.90% a year and PGIM India Multi Cap Fund 0.78%.
Which has given higher returns, PGIM India Large and Midcap Fund or PGIM India Multi Cap Fund?
Over 1 year: PGIM India Large and Midcap Fund −4.94%, PGIM India Multi Cap Fund +0.67%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, PGIM India Large and Midcap Fund or PGIM India Multi Cap Fund?
PGIM India Multi Cap Fund charges less: 0.78% a year against 0.90%. These are the Direct plans' total expense ratios reported to AMFI.
How much do PGIM India Large and Midcap Fund and PGIM India Multi Cap Fund overlap?
47.8%. They hold 50 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, PGIM India Large and Midcap Fund or PGIM India Multi Cap Fund?
On SEBI's riskometer, PGIM India Large and Midcap Fund is rated Very High and PGIM India Multi Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 14.25% and 14.46% a year.
Can I invest in both PGIM India Large and Midcap Fund and PGIM India Multi Cap Fund?
Yes. 47.8% 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 Large and Midcap Fund and PGIM India Multi Cap Fund?
PGIM India Large and Midcap Fund: Vinay Paharia, Anandha Padmanabhan Anjeneyan, Utsav Mehta, Puneet Pal. PGIM India Multi Cap 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.