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1 star

PGIM India Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Low Duration debt funds invest in bonds maturing in six months to a year. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a 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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 0.20 0.02 0.11 0.35 0.86 1.79 4.08 -0.82 2.50 4.56 --
CCIL T Bill Liquidity Weight 0.09 0.02 0.03 0.21 0.49 1.07 2.12 3.13 3.51 3.93 --
Debt: Low Duration 0.18 0.02 0.11 0.31 0.86 2.15 4.32 4.71 5.69 6.51 --
Rank within category 6 6 10 6 12 21 13 21 20 18 --
Number of funds in category 23 23 23 23 23 23 23 23 22 20 0

As on 14-Jan-2022

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  | Invest Online
1 star
Jan-13 4.08 -0.82 2.50 0.37% 80
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.88 7.03 7.11 0.40% 26,625
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.32 7.13 7.10 0.39% 19,527
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.53 7.26 7.41 0.40% 15,125
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.38 7.25 7.55 0.42% 10,161

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 10.89 26-Sep-2019 - 25-Sep-2020 -14.39 21-Sep-2018 - 23-Sep-2019

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -0.28 9.60 -0.42 -0.14 -1.35 -4.82
CCIL T Bill Liquidity Weight 3.13 0.39 -1.53 -4.65 -- --
Debt: Low Duration 4.92 4.36 1.52 3.30 -0.85 0.69
Rank within category 23 21 24 22 6 22
Number of funds in category 24 24 24 24 24 24

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

As on 31-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 18 18 9 56
Modified Duration (yrs) 0.60 0.91 0.38 0.67
Average Maturity (yrs) 0.65 0.97 0.41 0.90
Yield to Maturity (%) 4.43 5.09 4.07 4.67
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.58% Orissa State 24/03/2022 State Development Loan SOV 0.00 - 12.51 12.51
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 7.69 7.56
new Britannia Inds. 28/08/2022 Non Convertible Debenture AAA 0.00 - 6.44 6.44
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 21.19 6.36
new 8.07% Bajaj Housing Finance 2022 Non Convertible Debenture AAA 0.00 - 6.31 6.31
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 8.17 6.29
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 6.24 6.24
equal LIC Housing Fin. 353-D 07/07/2022 Commercial Paper A1+ 0.00 - 7.67 6.07
equal 9.10% L&T Finance 13/04/2022 Non Convertible Debenture AAA 0.00 - 9.49 5.66
equal 8.62% Food Corporation of India 22/03/2023 Bonds AAA 0.00 - 4.54 4.54
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 3.86 3.79
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 3.70 3.70
equal 9.55% Hindalco Inds. 25/04/2022 Bonds/NCDs AA+ 0.00 - 3.31 2.52
equal ICICI Securities 269-D 25/03/2022 Commercial Paper A1+ 0.00 - 3.11 2.46
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 0.00 - 1.92 1.25
equal 9.00% Indostar Capital Finance 2023 Debenture AA- 0.00 - 1.92 1.24
equal 9.35% REC 15/06/2022 Bonds AAA 0.59 - 1.07 0.64
equal 7.35% Bharat Petroleum Corporation 2022 Bonds AAA 0.00 - 8.96 0.63
equal Others CBLO -- - 12.39

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-2021

Fund Manager

— Kunal Jain since 01-Dec-2021

Education: Mr. Jain is a B.Com and MBA (Marketing).

Experience: Prior to joining PGIM India Mutual Fund, he has worked with Indiabulls AMC Ltd. as Fund Manager, LIC Nomura AMC Ltd. as Fund manager and Kotak Mahindra AMC Ltd. as Fixed Income Dealer.

Funds Managed:


0.02%

Change from previous, NAV as on 14-Jan-2022

Growth: ₹ 25.2995

IDCW Weekly: ₹ 9.7547

More

IDCW Monthly: ₹ 10.0440

IDCW Daily: ₹ 9.4859


Investment Strategy

The Scheme seeks to generate income through investment primarily in low duration debt & money market securities.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 5
Min. Withdrawal (₹) 1,000
Min. Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 5.71%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 80 Cr (As on 31-Dec-2021)
Expense: 0.37% (As on 31-Dec-2021)
Risk Grade: Above Average
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly31-Dec-20210.0400

 29-Oct-20210.0240
 24-Sep-20210.0390
 27-Aug-20210.0420
 30-Jul-20210.0420
 25-Jun-20210.0420
 28-May-20210.0470
 30-Apr-20210.0470
 26-Mar-20210.0470
 26-Feb-20210.0470
 29-Jan-20210.0470
 24-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
IDCW 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
IDCW 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
IDCW 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
IDCW25-Mar-20190.1585

 28-Dec-20180.1585
 28-Sep-20180.1585
 28-Jun-20180.1585
 23-Mar-20180.1589
 28-Dec-20170.1589
IDCW 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
IDCW Yearly25-Mar-20190.7203

 23-Mar-20180.7223
 24-Mar-20170.0578

Contact Information

AMC: PGIM India Asset Management Pvt. Ltd.

Address: 4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (East), Mumbai - 400051

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

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