About Company
PGIM
PFI’s worldwide investment management company, PGIM, is located in the United States and is one of the top 10 investment managers in the world, with over $1.5 trillion1 in assets under management. A 140-year tradition underpins PGIM’s strength and stability. We have a long-term view, having weathered numerous market cycles, recognizing opportunities in situations of change, having developed extensive skill in managing liabilities. Equities, Fixed Income, and Real Estate are among the actively managed asset classes and investment types offered by PGIM. It has approximately 1,300 investment specialists spread throughout 17 countries and 39 locations.
PGIM INDIA PHOENIX PMS
Fund Snapshot
| Year of Inception | 2016 |
| Number of Stocks | 15-20 |
| Investment Horizon | Medium to Long Term |
| Fund Managers | Himanshu Upadhyay |
Investment Philosophy
Here’s the Investment Philosophy PGIM India PMS believes in:
- Often, when the general market does not expect a stock to perform well in the short-term is it available for a low price. As a result, if an investor wants to beat the market, can buy the stock at value. If one is confident in a company’s quality and long-term earnings prospects, short-term price volatility should be less relevant.
- The Investment team at PGIM India PMS believes that the real danger in the stock market for an investor is the risk of permanent loss. Owing to the fact that all stocks are subject to market volatility, temporary losses are inevitable. When an investment is made in a substandard enterprise, a company with dubious management, or at an exorbitantly high price, it results in a permanent loss. As the legendary Seth Klarman puts it, “the avoidance of defeat is the most important thing you can do.”
Investment Process –
The investment approach is anchored in a rigorous and well-defined research process. It begins with India’s broad universe of nearly 6,000 listed companies, which is systematically narrowed down to a focused investment universe of around 160–180 businesses. Through stringent qualitative and quantitative filters, this is further refined into a high-conviction portfolio of 20–25 companies.
Key evaluation parameters include valuation discipline, long-term growth potential, and the quality and integrity of management. The process is complemented by a clearly defined sell discipline, ensuring timely exits once an investment has realized its full potential or no longer meets the original thesis. This structured approach helps maintain focus, discipline, and consistency in portfolio construction and returns.
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Track how the fund has performed against its benchmark over time through a comparative line graph analysis.
PGIM INDIA PHOENIX PORTFOLIO
Benchmark: Nifty 50 TRI
Compare fund returns and benchmark performance across multiple investment periods using a visual bar graph.
Review and compare fund returns against benchmark performance across different investment periods in a detailed tabular format.
PGIM India Asset Management Private Limited
| AUM(Cr.) | 1M | 3M | 6M | 1Y | 2Y | 3Y | 4Y | 5Y | Ince. | |
| Performance | ₹59.92 | -3.59 | -0.39 | 30.99 | 1.43 | -3.75 | 6.47 | 11.23 | 11.05 | 12.01 |
| Benchmark | NA | -6.03 | -4.91 | 2.13 | -7.09 | -5.29 | 6.06 | 8.48 | 6.38 | 11.26 |
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Himanshu Upadhyay
Himanshu Upadhyay serves as the Portfolio Manager for Equity at PGIM India Asset Management, where he oversees the PGIM India Phoenix Portfolio and the PGIM India Core Equity Portfolio. With over two decades of experience in the Indian equity markets, he is recognized for his "Value with a Trigger" investment philosophy. Before joining PGIM India, he held key investment roles at DHFL Pramerica Asset Managers and Fortune Financial Services. His expertise lies in identifying undervalued businesses with strong corporate governance and long-term growth catalysts. He holds a Bachelor’s degree in Commerce and is a qualified Chartered Accountant.
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