- Category
- III
- Strategy
- Long-only
- Fund house
- PGIM India
Equity Growth Opportunities Fund - Series II
+2.89%
1-year return, after expenses, before tax
Benchmark NIFTY Microcap 250 · data as of 31 Aug 2026
Equity Growth Opportunities Fund - Series II, a Category III long-only AIF from PGIM India, returned 2.89% (after expenses, before tax) in the year to 31 Aug 2026. It began on 13 Oct 2024 and manages ₹513 crore.
Key numbers
- AUM
- ₹513 Cr
- Benchmark
- NIFTY Microcap 250
- Launched
- 13 Oct 2024
- Min. investment
- ₹1 crore (SEBI)
- Returns basis
- After expenses, before tax
Returns
| Period | This fund | NIFTY Microcap 250 |
|---|---|---|
| 1 month | +5.62% | +5.49% |
| 3 months | +12.32% | +12.52% |
| 6 months | +27.21% | +24.96% |
| 1 year | +2.89% | +15.97% |
| Since inception | −1.87% | +2.53% |
After expenses, before tax, as PGIM India reports them, to 31 Aug 2026. AIFs report returns on different bases, so compare like with like.
Fund details
- Category
- Category III
- Strategy
- Long-only
- Market-cap style
- Small cap
- Asset type
- Equity
- Benchmark
- NIFTY Microcap 250
- Fund manager
- Aniruddha Naha
Investment approach
PGIM India Alternates launched its maiden close-ended strategy in November 2023, named PGIM India Equity Growth Opportunities Fund – Series I and raised over ?300 crores from a diverse base of investors.The strategy was designed to capitalize on India’s emerging growth opportunities with a focus on long-term structural themes like Financialization, Digitization, Private Capex and Manufacturing.
The Investment Manager will evaluate Microcap and Small cap stocks defined as those with INR 1000+ crores of market cap up to the 251st largest stock by market cap. Based on available investment opportunities, the investment manager may invest in Mid cap stocks, defined as the 101st to 250th largest stock by market cap. These stocks will be evaluated on various parameters of safety, growth, and valuations. The portfolio will comprise of 30 – 40 stocks.
About the fund manager
Mr Aniruddha Naha — CIO
Aniruddha Naha joined PGIM India in April 2018 and is currently CIO – Alternatives. He has over 22 years of experience in the equity and debt market. Aniruddha holds a Masters degree in Finance & Control, Delhi University. Aniruddha’s stock selection philosophy is based on the Growth at Reasonable Price (GARP) principle. He is a strong advocate of managing funds through a well-defined process led strategy with equal emphasis on strong risk management practices. This enables him to focus on consistency of performance over longer term and also protect downside in his pursuit of alpha generation. Risk-adjusted returns become the key outcome metric for such a research and process based approach
As the fund house describes it.
FAQs
What has Equity Growth Opportunities Fund - Series II returned?
2.89% (1-year return) to 31 Aug 2026, after expenses, before tax, as PGIM India reports it. 1 month: 5.62%; 3 months: 12.32%; 6 months: 27.21%; 1 year: 2.89%; Since inception: −1.87%.
What kind of AIF is Equity Growth Opportunities Fund - Series II?
A Category III AIF following a long-only strategy, with a small cap style. Category III AIFs trade listed and unlisted securities and may use leverage and derivatives, including short positions.
How much does Equity Growth Opportunities Fund - Series II manage?
₹513 crore as of 31 Aug 2026.
What is the minimum investment in an AIF?
SEBI sets the minimum at ₹1 crore per investor (₹25 lakh for the fund’s own employees and directors).
Who manages Equity Growth Opportunities Fund - Series II?
PGIM India runs it; the fund manager is Aniruddha Naha.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: Equity Growth Opportunities Fund - Series II’s are after expenses, before tax. Bases differ from fund to fund, so compare like with like.
For information only. Not investment advice or a research report. Past performance does not guarantee future returns. AIF investments carry higher minimums and risks; read the private placement memorandum.
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