PGIM India Multi Cap Fund vs PGIM India Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
PGIM India Multi Cap Fund is a Multi Cap fund and PGIM India Small Cap Fund is a Small Cap fund. In the year to 30-10-2026, PGIM India Multi Cap Fund (Direct) returned 0.7% and PGIM India Small Cap Fund (Direct) returned 4.8%. PGIM India Multi Cap Fund charges 0.78% a year and PGIM India Small Cap Fund 0.95% (Direct plans). Their portfolios overlap 34.5%: they hold 41 of the same securities.
PGIM India Multi Cap Fund
Multi Cap
- 1 year return
- 0.7%
- Expense ratio
- 0.78%
- NAV
- ₹10.45
PGIM India Small Cap Fund
Small Cap
- 1 year return
- 4.8%
- Expense ratio
- 0.95%
- NAV
- ₹18.81
Which is better, PGIM India Multi Cap or PGIM India Small 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 Small Cap returned more over 1 year: 4.8% against 0.7%.
- PGIM India Multi Cap costs less: 0.78% a year against 0.95% (Direct plans).
- PGIM India Multi Cap fell less in its worst fall since 13-09-2024: −18.1% against −21.5%.
- PGIM India Multi Cap holds more in large companies: 37.8% of the fund in large caps against 7.3%.
- PGIM India Small Cap is the larger fund: ₹1,739 Cr against ₹460 Cr.
- Their portfolios overlap 34.5%: 41 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 Multi Cap Fund | PGIM India Small Cap Fund |
|---|---|---|
| Fund house | PGIM India Mutual Fund | PGIM India Mutual Fund |
| Category | Multi Cap | Small Cap |
| AUM | ₹460 Cr (30-09-2026) | ₹1,739 Cr (30-09-2026) |
| NAV | ₹10.45 (Direct) | ₹18.81 (Direct) |
| Expense ratio (Direct) | 0.78% | 0.95% |
| Expense ratio (Regular) | 2.53% | 2.38% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | Nifty Smallcap 250 TRI |
| Launch date | 10-09-2024 | 29-07-2021 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. Puneet Pal | Utsav Mehta, Vivek Sharma, Vinay Paharia, Puneet Pal |
| Exit load | Exit load of 0.50%, if redeemed within 90 days. | Exit load of 0.5%, if redeemed within 90 days. |
PGIM India Multi Cap vs PGIM India Small 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 Multi Cap Fund (Direct) | −2.25% | −3.15% | +3.77% | +0.67% | -- | -- | -- |
| PGIM India Small Cap Fund (Direct) | −5.00% | −1.62% | +7.36% | +4.79% | +14.56% | +11.41% | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | -- | -- | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | +3.00% | +14.03% | +14.51% | -- |
Category average: the average of the 33 Multi Cap funds and the 36 Small Cap funds, same plan type.
PGIM India Multi Cap vs PGIM India Small Cap: Year-wise Returns
| Year | MultiPGIM India Multi Cap | SmallPGIM India Small Cap |
|---|---|---|
| 2026to date | +3.06% | +9.30% |
| 2025 | +5.63% | +1.00% |
| 2024 | -- | +21.54% |
| 2023 | -- | +25.85% |
| 2022 | -- | −3.47% |
PGIM India Multi Cap vs PGIM India Small Cap: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of PGIM India Multi Cap 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 Multi Cap Fund (Direct)
PGIM India Small Cap Fund (Direct)
Nifty500 Multicap 50:25:25 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 Multi Cap | 2.9 | 23.9 | 46.0 | 23.2 | 4.0 | 0.0 | 0.0 | 7.4% | 7.5% | −2.5% | 17.7% | 98% |
| PGIM India Small Cap | 8.0 | 23.9 | 28.6 | 26.1 | 13.4 | 0.0 | 0.0 | 8.0% | 8.4% | −3.3% | 19.5% | 73% |
| Nifty500 Multicap 50:25:25 TRI | 23.6 | 37.0 | 30.8 | 6.5 | 2.2 | 0.0 | 0.0 | 3.7% | 3.6% | −7.6% | 16.2% | -- |
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 Nifty500 Multicap 50:25:25 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 Multi Cap vs PGIM India Small 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 13-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| PGIM India Multi CapPGIM India Multi Cap Fund (Direct) | ₹2,60,000 | ₹2,76,005 | ₹16,005 | 5.4% |
| PGIM India Small CapPGIM India Small Cap Fund (Direct) | ₹2,60,000 | ₹2,86,095 | ₹26,095 | 8.8% |
PGIM India Multi CapPGIM India Multi Cap Fund (Direct)
PGIM India Small CapPGIM India Small 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 Multi Cap vs PGIM India Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | PGIM India Multi Cap Fund (Direct) | PGIM India Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.67% | +4.79% |
| Standard deviation | 14.46% | 15.96% |
| Sharpe ratio | -0.32 | -0.03 |
| Sortino ratio | -0.43 | -0.04 |
| Maximum drawdown | −13.2% (23-03-2026) | −15.7% (23-03-2026) |
| Beta | 0.94 | 0.84 |
| Alpha | +6.05% | +6.58% |
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 Multi Cap Fund (Direct) | PGIM India Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.66% | +12.53% |
| Standard deviation | 14.25% | 15.76% |
| Sharpe ratio | -0.28 | 0.43 |
| Sortino ratio | -0.38 | 0.58 |
| Maximum drawdown | −18.1% (28-02-2025) | −24.6% (20-06-2022) |
| Beta | 0.93 | 0.80 |
| Alpha | +4.05% | +1.05% |
From daily NAVs, 13-09-2024 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 Multi Cap Fund (Direct)
PGIM India Small Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| PGIM India Multi Cap Fund (Direct) | −18.1% | 26-09-2024 | 28-02-2025 | 16-09-2025 | 7 months | −6.6% |
| PGIM India Small Cap Fund (Direct) | −21.5% | 16-10-2024 | 03-03-2025 | 17-09-2025 | 7 months | −8.2% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
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 Multi Cap Fund (Direct)
PGIM India Small Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| PGIM India Multi Cap Fund (Direct) | 108% | 86% | 3.49% |
| PGIM India Small Cap Fund (Direct) | 125% | 92% | 8.05% |
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 Multi Cap vs PGIM India Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: PGIM India Multi Cap Fund, September 2026; PGIM India Small Cap Fund, September 2026
Holdings in common
- Overlap
- 34.5%
- Held by both
- 41
- Only in PGIM India Multi Cap
- 59
- Only in PGIM India Small Cap
- 31
| Security | % of PGIM India Multi Cap | % of PGIM India Small Cap |
|---|---|---|
| Sansera Engineering Ltd. | 1.97% | 3.42% |
| Multi Commodity Exchange Of India Ltd. | 1.30% | 1.83% |
| Eternal Ltd. | 1.77% | 1.27% |
| Sai Life Sciences Ltd | 1.23% | 1.87% |
| Karur Vysya Bank Ltd. | 1.21% | 2.20% |
| Clean Max Enviro Energy Solutions Ltd. | 1.12% | 1.66% |
| Dhoot Transmission Ltd. | 1.12% | 1.11% |
| Max Financial Services Ltd. | 1.29% | 1.09% |
| K.P.R. Mill Ltd. | 1.09% | 1.16% |
| Doms Industries Ltd. | 1.07% | 1.49% |
| Torrent Pharmaceuticals Ltd. | 1.07% | 2.00% |
| Affle 3i Ltd. | 1.06% | 2.76% |
| CCL Products (India) Ltd. | 1.05% | 1.32% |
| Lenskart Solutions Ltd. | 1.49% | 1.02% |
| Solar Industries India Ltd. | 1.01% | 1.21% |
| Dr Agarwal's Health Care Ltd. | 1.00% | 1.54% |
| ICICI Bank Ltd. | 4.44% | 0.97% |
| Infosys Ltd. | 1.52% | 0.87% |
| Radico Khaitan Ltd. | 0.87% | 1.27% |
| Ather Energy Ltd. | 0.86% | 1.24% |
| Vishal Mega Mart Ltd | 0.85% | 1.31% |
| Data Patterns (India) Ltd. | 0.85% | 1.08% |
| Shiprocket Ltd. | 0.84% | 1.21% |
| JK Cement Ltd. | 0.80% | 1.51% |
| Blue Star Ltd. | 0.72% | 1.02% |
| Krishna Inst of Medical Sciences Ltd. | 0.72% | 2.91% |
| One 97 Communications Ltd. | 0.71% | 1.16% |
| Urban Company Ltd. | 0.71% | 1.17% |
| MRS Bectors Food Specialities Ltd. | 0.68% | 1.52% |
| 360 One Wam Ltd. | 0.64% | 1.48% |
| Home First Finance Company India Ltd. | 0.63% | 0.90% |
| Navin Fluorine International Ltd. | 0.58% | 2.75% |
| Rentomojo Ltd. | 0.57% | 1.02% |
| AU Small Finance Bank Ltd. | 0.55% | 1.01% |
| Sagility Ltd. | 0.51% | 1.27% |
| Capillary Technologies India Ltd. | 0.48% | 0.85% |
| Container Corporation Of India Ltd. | 0.44% | 1.11% |
| Brigade Enterprises Ltd. | 0.36% | 0.60% |
| Triveni Turbine Ltd. | 0.31% | 1.05% |
| AWFIS Space Solutions Ltd. | 0.32% | 0.25% |
| 364 DAYS TBILL RED 29-10-2026 | 0.11% | 0.14% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 34.5% means 34.5% 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 Multi Cap Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 3.76% |
| INDO-MIM Ltd. | 2.79% |
| Reliance Industries Ltd. | 2.31% |
| TVS Motor Company Ltd. | 2.27% |
| Bharti Airtel Ltd. | 1.98% |
Largest holdings only in PGIM India Small Cap Fund
| Security | % of fund |
|---|---|
| TBO Tek Ltd. | 3.12% |
| Sedemac Mechatronics Ltd. | 3.02% |
| City Union Bank Ltd. | 2.42% |
| Amagi Media Labs Ltd. | 2.08% |
| Ethos Ltd. | 1.88% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | PGIM India Multi Cap | PGIM India Small Cap |
|---|---|---|
| Equity | 95.0% | 96.5% |
| Debt | 0.1% | 0.1% |
| Cash and others | 4.9% | 3.3% |
Market cap of stocks
| Market cap | PGIM India Multi Cap | PGIM India Small Cap |
|---|---|---|
| Large Cap | 37.8% | 7.3% |
| Mid Cap | 25.9% | 16.0% |
| Small Cap | 23.9% | 65.8% |
| Not on AMFI's list | 7.4% | 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 Multi Cap | PGIM India Small Cap |
|---|---|---|
| Banks | 12.4% | 7.6% |
| Auto Components | 6.2% | 10.8% |
| IT - Services | 1.6% | 7.1% |
| Pharmaceuticals & Biotechnology | 7.0% | 5.8% |
| Chemicals & Petrochemicals | 2.5% | 5.6% |
| Industrial Products | 2.5% | 5.4% |
| Capital Markets | 4.9% | 4.6% |
| Retailing | 4.8% | 4.8% |
| Healthcare Services | 4.4% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
PGIM India Multi Cap vs PGIM India Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | PGIM India Multi Cap Fund | PGIM India Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.78% | 0.95% |
| Base expense ratio (Direct) | 0.61% | 0.59% |
| Total expense ratio (Regular) | 2.53% | 2.38% |
| Base expense ratio (Regular) | 2.10% | 1.80% |
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 Multi Cap with
PGIM India Multi Cap Fund vs PGIM India Small Cap Fund: Frequently Asked Questions
What is the difference between PGIM India Multi Cap Fund and PGIM India Small Cap Fund?
PGIM India Multi Cap Fund is a Multi Cap fund, PGIM India Small Cap Fund is a Small Cap fund, run by PGIM India Mutual Fund. Their portfolios overlap 34.5%. PGIM India Multi Cap Fund charges 0.78% a year and PGIM India Small Cap Fund 0.95%.
Which has given higher returns, PGIM India Multi Cap Fund or PGIM India Small Cap Fund?
Over 1 year: PGIM India Multi Cap Fund +0.67%, PGIM India Small Cap Fund +4.79%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, PGIM India Multi Cap Fund or PGIM India Small Cap Fund?
PGIM India Multi Cap Fund charges less: 0.78% a year against 0.95%. These are the Direct plans' total expense ratios reported to AMFI.
How much do PGIM India Multi Cap Fund and PGIM India Small Cap Fund overlap?
34.5%. They hold 41 of the same securities, the largest shared ones being SANSERA, MCX, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, PGIM India Multi Cap Fund or PGIM India Small Cap Fund?
On SEBI's riskometer, PGIM India Multi Cap Fund is rated Very High and PGIM India Small Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 14.46% and 15.96% a year.
Can I invest in both PGIM India Multi Cap Fund and PGIM India Small Cap Fund?
Yes. 34.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages PGIM India Multi Cap Fund and PGIM India Small Cap Fund?
PGIM India Multi Cap Fund: Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. Puneet Pal. PGIM India Small Cap Fund: Utsav Mehta, Vivek Sharma, Vinay Paharia, 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.