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2 star

PGIM India Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.20 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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 0.27 -0.01 0.19 -1.63 -1.36 -0.04 4.78 0.58 4.00 5.65 --
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 4.13 4.32 4.69 --
Debt: Low Duration 3.57 0.00 0.15 2.27 3.01 3.29 6.57 5.45 6.51 7.19 --
Rank within category 23 16 12 24 23 23 22 24 21 19 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 0

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
PGIM India Low Duration Fund - Direct Plan
2 star
Jan-13 4.78 0.58 4.00 0.40 72
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 9.25 8.18 8.41 0.41 18,689
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.62 8.53 8.66 0.41 11,158
SBI Magnum Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.94 8.03 8.05 0.39 8,548
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 10.16 8.72 9.03 0.33 5,969

Best & Worst Performance

Best (Period) Worst (Period)
Week 7.16 (26-Sep-2019 - 03-Oct-2019) -16.45 (03-Jun-2019 - 10-Jun-2019)
Month 7.79 (25-Sep-2019 - 25-Oct-2019) -15.99 (10-May-2019 - 10-Jun-2019)
Quarter 9.16 (26-Sep-2019 - 26-Dec-2019) -15.15 (14-Mar-2019 - 13-Jun-2019)
Year 10.80 (20-Aug-2013 - 20-Aug-2014) -14.39 (21-Sep-2018 - 23-Sep-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 1.89 9.62 -0.35 -0.09 1.23 -1.91
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Low Duration 5.03 3.72 1.27 2.47 0.20 -0.03
Rank within category 21 23 21 19 23 22
Number of funds in category 25 25 25 25 25 25

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 13 15 9 48
Modified Duration (yrs) 0.38 0.94 0.38 0.79
Average Maturity (yrs) 0.42 1.10 0.42 0.91
Yield to Maturity (%) 5.66 12.89 5.66 5.93

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.28% Oriental Nagpur Betul Highway 30/09/2021 Debenture AAA 4.70 - 13.83 13.83
equal 11.25% Hansdeep Industries & Trading 13/08/2020 Debenture AA 0.00 - 12.46 12.46
equal 9.47% Shriram Transport Finance 2021 Non Convertible Debenture AA+ 0.00 - 8.72 8.72
equal 8.80% REC 29/11/2020 Bonds AAA 0.00 - 7.07 7.07
new L&T Infrastructre Finance 364-D 17/11/2020 Commercial Paper A1+ 0.00 - 6.80 6.80
equal Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 6.69 6.69
equal 8.36% Power Finance Corp. 2020 Bonds AAA 0.00 - 4.19 4.19
equal 8.85% Tata Capital Housing Finance 17/08/2020 Non Convertible Debenture AAA 0.00 - 3.49 3.49
equal JM Financial Products 2021 Debenture AA 0.00 - 3.07 3.07
new 7.60% Aditya Birla Finance 16/09/2020 Debenture AAA 0.00 - 0.70 0.70
new 9.36% Power Finance Corp. 2021 Bonds AAA 0.00 - 0.44 0.44
equal Bajaj Housing Finance 325-D 07/09/2020 Commercial Paper A1+ 0.00 - 0.41 0.41
equal 7.60% Aditya Birla Finance 20/08/2020 Zero Coupon Bonds AAA 0.00 - 0.17 0.17

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-Jun-2020

Fund Manager

— Kumaresh Ramakrishnan since 01-Jan-2013

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:


-0.01%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 23.6396

Dividend Weekly: ₹ 9.0452

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Dividend Monthly: ₹ 9.8343

Dividend Daily: ₹ 8.8691


Investment Strategy

The Scheme seeks to generate income through investment primarily in low duration debt & 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

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 5.93%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 72 Cr (As on 30-Jun-2020)
Expense: 0.40% (As on 30-Jun-2020)
Risk Grade: High
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly24-Apr-20200.0200

 31-May-20190.0504
 26-Apr-20190.0504
 29-Mar-20190.0504
 22-Feb-20190.0504
 25-Jan-20190.0504
 28-Dec-20180.0504
 30-Nov-20180.0504
 26-Oct-20180.0504
 28-Sep-20180.0504
 31-Aug-20180.0504
 27-Jul-20180.0504
 29-Jun-20180.0504
 25-May-20180.0504
 27-Apr-20180.0504
 23-Mar-20180.0506
 23-Feb-20180.0506
 25-Jan-20180.0506
 29-Dec-20170.0506
 24-Nov-20170.0506
 27-Oct-20170.0506
 29-Sep-20170.0506
 24-Aug-20170.0542
 28-Jul-20170.0542
 30-Jun-20170.0542
Dividend Daily03-Jun-20190.0094

 31-May-20190.0026
 29-May-20190.0022
 28-May-20190.0035
 27-May-20190.0109
 24-May-20190.0027
 23-May-20190.0038
 22-May-20190.0048
 13-May-20190.0001
 10-May-20190.0024
 09-May-20190.0030
 08-May-20190.0032
 07-May-20190.0039
 06-May-20190.0022
 16-Apr-20190.0018
 15-Apr-20190.0055
 12-Apr-20190.0015
 11-Apr-20190.0015
 10-Apr-20190.0025
 09-Apr-20190.0012
 08-Apr-20190.0056
 02-Apr-20190.0001
 31-Mar-20190.0043
 29-Mar-20190.0065
 25-Mar-20190.0056
Dividend Fortnightly31-May-20190.0434

 17-May-20190.0059
 03-May-20190.0015
 18-Apr-20190.0159
 05-Apr-20190.0168
 22-Mar-20190.0290
 08-Mar-20190.0250
 22-Feb-20190.0346
 08-Feb-20190.0218
 25-Jan-20190.0248
 11-Jan-20190.0241
 28-Dec-20180.0305
 14-Dec-20180.0291
 30-Nov-20180.0332
 16-Nov-20180.0282
 02-Nov-20180.0186
 19-Oct-20180.0144
 05-Oct-20180.0283
 21-Sep-20180.0086
 07-Sep-20180.0184
 24-Aug-20180.0189
 10-Aug-20180.0382
 27-Jul-20180.0203
 13-Jul-20180.0289
 29-Jun-20180.0246
Dividend Weekly31-May-20190.0195

 24-May-20190.0117
 10-May-20190.0177
 26-Apr-20190.0012
 18-Apr-20190.0034
 12-Apr-20190.0127
 05-Apr-20190.0045
 29-Mar-20190.0124
 22-Mar-20190.0106
 15-Mar-20190.0180
 08-Mar-20190.0139
 01-Mar-20190.0113
 22-Feb-20190.0212
 15-Feb-20190.0130
 08-Feb-20190.0162
 01-Feb-20190.0057
 25-Jan-20190.0120
 18-Jan-20190.0128
 11-Jan-20190.0087
 04-Jan-20190.0157
 28-Dec-20180.0127
 21-Dec-20180.0158
 14-Dec-20180.0134
 07-Dec-20180.0161
 30-Nov-20180.0172
Dividend25-Mar-20190.1585

 28-Dec-20180.1585
 28-Sep-20180.1585
 28-Jun-20180.1585
 23-Mar-20180.1589
 28-Dec-20170.1589
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
 29-Dec-20160.1517
 29-Sep-20160.1517
 27-Dec-20130.1559
 27-Sep-20130.1559
 28-Jun-20130.1559
 31-May-20130.1752
Dividend Yearly25-Mar-20190.7203

 23-Mar-20180.7223
 24-Mar-20170.0578

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: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM