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PGIM India Short Maturity Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.00 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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 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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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund -0.21 -0.60 28.11 0.34 4.69 6.83 --
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 --
Debt: Short Duration 4.97 0.21 2.23 5.63 6.06 7.29 --
Rank within category 22 28 1 22 19 18 --
Number of funds in category 28 29 29 28 26 26 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 53.56 (24-Sep-2019 - 24-Oct-2019) -33.09 (27-Aug-2019 - 26-Sep-2019)
Quarter 11.63 (04-Jun-2019 - 04-Sep-2019) -28.44 (27-Jun-2019 - 26-Sep-2019)
Year 12.52 (19-Aug-2013 - 19-Aug-2014) -33.53 (19-Sep-2018 - 20-Sep-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.93 6.97 -0.12 -0.09 5.38 8.13
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Short Duration 6.01 3.03 0.53 1.06 3.67 6.35
Rank within category 20 26 19 18 27 10
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 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 12 20 3 57
Modified Duration (yrs) -- 2.47 0.18 2.04
Average Maturity (yrs) 2.99 3.10 0.22 2.54
Yield to Maturity (%) -- 34.98 6.40 7.37

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.55% REC 26/09/2022 Debenture AAA 0.00 - 10.26 10.26
down HPCL 14/08/2024 Debenture AAA 0.00 - 10.19 10.19
equal 7.29% SIDBI 2022 Debenture AAA 0.00 - 9.02 9.02
equal 9.50% Yes Bank Bonds BBB+ 0.00 - 8.66 8.47
equal 8.70% Reliance Jio Infocomm 15/06/2021 Debenture AAA 0.00 - 7.93 7.93
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 10.51 7.90
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 7.66 7.66
equal 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 0.00 - 6.40 6.40
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 6.39 6.39
equal 8.02% BPCL 2024 Debenture AAA 0.00 - 8.69 5.66
down 8.75% State Bank of India Non Convertible Debenture AA+ 0.00 - 5.17 5.14
new 8.65% IRFC 15/01/2024 Bonds AAA 0.00 - 3.40 3.40

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

— 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:


-0.06%

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

Growth: ₹ 34.6450

Dividend Quarterly: ₹ 10.5061

Dividend Monthly: ₹ 12.4255


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: 01-Jan-2013
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 79 Cr (As on 30-Nov-2019)
Expense: 0.78% (As on 30-Nov-2019)
Risk Grade: High
Return Grade: High
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly29-Nov-20190.0522

 25-Oct-20190.0522
 30-Aug-20190.0648
 25-Jul-20190.0648
 28-Jun-20190.0648
 31-May-20190.0648
 26-Apr-20190.0648
 29-Mar-20190.0648
 22-Feb-20190.0648
 25-Jan-20190.0648
 28-Dec-20180.0648
 30-Nov-20180.0648
 26-Oct-20180.0648
 28-Sep-20180.0648
 31-Aug-20180.0648
 27-Jul-20180.0648
 29-Jun-20180.0648
 25-May-20180.0648
 27-Apr-20180.0648
 23-Mar-20180.0650
 23-Feb-20180.0650
 25-Jan-20180.0650
 29-Dec-20170.0650
 24-Nov-20170.0650
 27-Oct-20170.0650
Dividend Quarterly25-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-20170.1445
 29-Dec-20160.1445
 29-Sep-20160.1733
 28-Dec-20130.1559
 27-Mar-20130.1057
Dividend Weekly22-Mar-20190.0143

 15-Mar-20190.0178
 08-Mar-20190.0200
 01-Mar-20190.0089
 22-Feb-20190.0016
 15-Feb-20190.0111
 08-Feb-20190.0220
 25-Jan-20190.0123
 18-Jan-20190.0109
 11-Jan-20190.0174
 04-Jan-20190.0135
 28-Dec-20180.0112
 21-Dec-20180.0223
 14-Dec-20180.0037
 07-Dec-20180.0235
 30-Nov-20180.0184
 22-Nov-20180.0125
 16-Nov-20180.0171
 09-Nov-20180.0156
 02-Nov-20180.0105
 26-Oct-20180.0026
 19-Oct-20180.0122
 12-Oct-20180.0057
 05-Oct-20180.0118
 21-Sep-20180.0014

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