PGIM India Multi Cap Fund - Direct Plan - IDCW Option

PGIM India Multi Cap Fund - Direct Plan - IDCW Option holds up reasonably well within the Multi Cap category, currently carrying a 3-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 65/100.

Cost: At 0.79%, the expense ratio is meaningfully cheaper — about 13% below the Multi Cap category average of 0.91% (based on 110 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a modest Sharpe ratio of 0.16 — returns have only marginally compensated for the risk taken. Separately, annualised volatility of 14.29% is fairly typical for actively managed equity funds.

Who should invest: This fund is best suited to investors who want the fund manager to freely allocate across large, mid and small caps rather than being boxed into one segment. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.