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PGIM India Premier Bond Fund


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 8.44 0.21 1.44 8.81 5.79 6.72 7.15
VR Bond 6.71 -0.12 0.36 7.30 5.80 6.98 7.16
Debt: Corporate Bond 5.06 0.23 1.52 5.77 5.04 6.51 6.85
Rank within category 12 11 14 13 11 11 6
Number of funds in category 19 21 21 19 15 14 7

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 13.07 (28-Nov-2008 - 30-Dec-2008) -6.10 (05-Jan-2009 - 04-Feb-2009)
Quarter 20.20 (30-Sep-2008 - 30-Dec-2008) -6.28 (05-Jan-2009 - 06-Apr-2009)
Year 22.42 (17-Jul-2008 - 17-Jul-2009) -1.31 (05-Jan-2009 - 05-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.56 1.83 -0.12 -0.20 0.62 -0.14
VR Bond 5.65 2.30 -0.06 -0.09 -- --
Debt: Corporate Bond 5.01 4.11 0.33 0.65 0.48 -0.70
Rank within category 11 6 11 11 9 11
Number of funds in category 15 15 15 15 15 15

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

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 15 7 63
Modified Duration (yrs) -- 3.17 0.63 2.34
Average Maturity (yrs) 3.03 4.36 0.75 3.14
Yield to Maturity (%) -- 8.29 6.88 7.07

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.29% SIDBI 2022 Debenture AAA 0.00 - 9.59 9.16
equal 7.34% HUDCO 16/09/2022 Debenture AAA 0.00 - 9.58 9.14
equal HPCL 14/08/2024 Debenture AAA 0.00 - 9.47 9.05
new Britannia Inds. 28/08/2022 Non Convertible Debenture AAA 0.00 - 8.60 8.60
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 8.51 8.51
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 8.83 8.44
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 8.95 8.43
equal 8.28% Oriental Nagpur Betul Highway 30/09/2021 Debenture AAA 0.00 - 8.52 8.16
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 6.91 6.60
new 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 6.55 6.55
equal 8.70% Reliance Jio Infocomm 15/06/2021 Debenture AAA 0.00 - 5.63 5.38
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 8.85 5.00
new 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 1.64 1.64
equal PNB Housing Finance 30/04/2020 Bonds AA+ 0.00 - 8.72 0.65

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 30-Nov-2019

Fund Manager

— 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:


-0.10%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 30.5221

Dividend Yearly: ₹ 10.8476

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Dividend Quarterly: ₹ 11.7000

Dividend Monthly: ₹ 13.0463


Investment Strategy

The scheme seek to generate income and capital appreciation by predominantly investing in AA+ and above rated corporate bonds.

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

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 30-Jan-2003
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 61 Cr (As on 30-Nov-2019)
Expense: 0.95% (As on 30-Nov-2019)
Risk Grade: Average
Return Grade: Below Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly29-Nov-20190.0468

 25-Oct-20190.0468
 27-Sep-20190.0576
 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 Quarterly27-Sep-20190.1513

 28-Jun-20190.1513
 25-Mar-20190.1513
 28-Dec-20180.1513
 28-Sep-20180.1513
 28-Jun-20180.1513
 23-Mar-20180.1517
 29-Dec-20170.1517
 28-Sep-20170.1517
 29-Jun-20170.1445
 24-Mar-20170.1011
 29-Dec-20160.1589
 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-20150.1815
 26-Dec-20140.1633
 26-Sep-20140.1948
 27-Jun-20140.1753
 28-Mar-20140.1559
 27-Dec-20130.1559
 27-Sep-20130.1559
Dividend Yearly25-Mar-20190.6483

 23-Mar-20180.6500
 28-Mar-20160.5778
 27-Mar-20150.2722
 26-Sep-20140.3896
 28-Mar-20140.4676
 26-Mar-20130.7047
 15-Mar-20123.0515
 08-Apr-20110.5271
 26-Mar-20100.5256
 26-Mar-20090.4380
 30-Mar-20070.3070
 31-Mar-20060.3070
 31-Mar-20050.0724
 29-Mar-20040.6500

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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM