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PGIM India Short Maturity Fund


1 Lakh

Investment declined to
₹ 0.99 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.20 Lakh

Analyst's Choice?

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, if your aim is to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -0.10 0.09 0.25 0.06 0.25 7.35 -1.15 3.58 5.74 6.76 7.14
Debt: Short Duration 0.34 0.07 0.06 0.50 1.30 2.89 4.64 5.33 6.50 7.26 7.50
Rank within category 28 5 11 28 26 1 23 20 18 17 14
Number of funds in category 29 29 29 29 29 29 28 26 26 25 19

As on 22-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 53.45 (24-Sep-2019 - 24-Oct-2019) -33.14 (27-Aug-2019 - 26-Sep-2019)
Quarter 53.66 (24-Sep-2019 - 24-Dec-2019) -28.52 (27-Jun-2019 - 26-Sep-2019)
Year 16.56 (16-Jul-2008 - 16-Jul-2009) -34.06 (19-Sep-2018 - 20-Sep-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.05 6.97 -0.24 -0.17 5.17 6.83
Debt: Short Duration 5.45 2.99 0.30 0.77 3.48 5.45
Rank within category 19 26 18 18 27 14
Number of funds in category 27 27 27 27 27 27

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 13 16 3 57
Modified Duration (yrs) 2.08 2.47 0.18 2.04
Average Maturity (yrs) 2.54 3.10 0.22 2.49
Yield to Maturity (%) 7.98 34.98 6.40 7.45

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.02% BPCL 2024 Debenture AAA 0.00 - 9.65 9.65
down 7.55% REC 26/09/2022 Debenture AAA 0.00 - 10.26 9.21
down 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 9.18 9.18
new 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 8.75 8.75
down 9.50% Yes Bank Bonds BBB 0.00 - 8.73 8.73
down 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 0.00 - 8.12 8.12
down 8.70% Reliance Jio Infocomm 15/06/2021 Debenture AAA 0.00 - 8.03 8.03
down 7.29% SIDBI 2022 Debenture AAA 0.00 - 9.02 7.74
equal 8.65% IRFC 15/01/2024 Bonds AAA 0.00 - 5.79 5.79
new Reserve Bank of India 91-D 02/01/2020 Treasury Bills SOV 0.00 - 5.44 5.44
new 8.50% State Bank of India 22/11/2020 Non Convertible Debenture AA+ 0.00 - 5.03 5.03
new 7.34% HUDCO 16/09/2022 Debenture AAA 0.00 - 1.10 1.10
new Britannia Inds. 28/08/2022 Non Convertible Debenture AAA 0.00 - 0.67 0.67

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-2019

Fund Manager

— Kumaresh Ramakrishnan since 13-Dec-2017

Education: Mr. Ramakrishnan is a B.E from Mumbai University and MBA from NMIMS (Mumbai).

Experience: Prior to joining PGIM India Mutual Fund he has worked with DWS AMC, Societe Generale and CARE.

Funds Managed:

— Puneet Pal since 13-Dec-2017

Education: Mr. Pal is a B.Com (H) and MBA from SIBM Pune.

Experience: Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.

Funds Managed:


0.09%

Change from previous, NAV as on 22-Jan-2020

Growth: ₹ 32.7659

Half Yearly Bonus: ₹ 13.2389

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Dividend Quarterly: ₹ 9.9544

Dividend Monthly: ₹ 11.8386

Annual Bonus: ₹ 21.8437


Investment Strategy

The Scheme seeks to generate returns with low to medium market risk for investors by investing in a portfolio of short -medium term debt and money market securities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 10
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 0.5% for redemption within 180 days

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 21-Jan-2003
Return Since Launch: 7.22%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 46 Cr (As on 31-Dec-2019)
Expense: 1.40% (As on 31-Dec-2019)
Risk Grade: High
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly27-Dec-20190.0432

 29-Nov-20190.0432
 25-Oct-20190.0432
 30-Aug-20190.0576
 25-Jul-20190.0576
 28-Jun-20190.0576
 31-May-20190.0576
 26-Apr-20190.0576
 29-Mar-20190.0576
 22-Feb-20190.0576
 25-Jan-20190.0576
 28-Dec-20180.0576
 30-Nov-20180.0576
 26-Oct-20180.0576
 28-Sep-20180.0576
 31-Aug-20180.0576
 27-Jul-20180.0576
 29-Jun-20180.0576
 25-May-20180.0576
 27-Apr-20180.0576
 23-Mar-20180.0578
 23-Feb-20180.0578
 25-Jan-20180.0578
 29-Dec-20170.0578
 24-Nov-20170.0578
Dividend Quarterly25-Mar-20190.1441

 28-Dec-20180.1441
 28-Sep-20180.1441
 28-Jun-20180.1441
 23-Mar-20180.1445
 29-Dec-20170.1445
 28-Sep-20170.1445
 29-Jun-20170.1445
 24-Mar-20170.1445
 29-Dec-20160.1445
 29-Sep-20160.1733
 27-Jun-20160.1517
 28-Mar-20160.1517
 23-Dec-20150.1517
 24-Sep-20150.1517
 26-Jun-20150.1517
 27-Mar-20150.2178
 26-Dec-20140.1633
 26-Sep-20140.1753
 27-Jun-20140.1753
 28-Mar-20140.2338
 27-Dec-20130.1559
 27-Sep-20130.1559
 31-May-20130.1752
 26-Mar-20130.1762
Dividend Yearly25-Mar-20190.4466

 23-Mar-20180.6500
 24-Mar-20170.5778
 28-Mar-20160.5778
 27-Mar-20150.5444
 26-Sep-20140.4676
 28-Mar-20140.7013
 26-Mar-20130.7047
Dividend Weekly22-Mar-20190.0129

 15-Mar-20190.0161
 08-Mar-20190.0184
 01-Mar-20190.0075
 22-Feb-20190.0004
 15-Feb-20190.0097
 08-Feb-20190.0186
 25-Jan-20190.0104
 18-Jan-20190.0094
 11-Jan-20190.0157
 04-Jan-20190.0120
 28-Dec-20180.0097
 21-Dec-20180.0206
 14-Dec-20180.0024
 07-Dec-20180.0218
 30-Nov-20180.0166
 22-Nov-20180.0112
 16-Nov-20180.0156
 09-Nov-20180.0140
 02-Nov-20180.0089
 26-Oct-20180.0011
 19-Oct-20180.0105
 12-Oct-20180.0041
 05-Oct-20180.0068
 31-Aug-20180.0065

Contact Information

AMC: PGIM India Asset Management Pvt. Ltd.

Address: 2nd Floor - Nirlon House, Dr. Annie Besant Road, Worli, Mumbai - 400030

Phone: 022-61593000 / 1800-266-2667

Email: [email protected]

Website: https://www.pgimindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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