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2 star

PGIM India Ultra Short Duration Fund - Direct Plan download report


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Ultra Short Duration debt funds invest in bonds maturing in three to six months. 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable 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 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
PGIM India Ultra Short Duration Direct-G 1.31 0.01 0.10 0.05 0.75 1.74 3.61 7.39 7.43 7.73 --
CCIL T Bill Liquidity Weight 0.59 0.04 0.04 -0.01 0.29 0.85 1.92 2.78 3.34 3.74 --
Debt: Ultra Short Duration 1.24 0.01 0.09 0.03 0.69 1.66 3.81 5.24 5.71 6.41 --
Rank within category 9 15 8 8 6 8 11 1 1 1 --
Number of funds in category 27 27 27 27 27 27 27 21 14 14 0

As on 20-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
PGIM India Ultra Short Duration Fund - Direct Plan  | Invest Online
2 star
Jan-13 3.61 7.39 7.43 0.29% 745
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.86 5.88 6.64 0.33% 16,314
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.59 5.52 -- 0.34% 14,076
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 4.13 6.22 6.93 0.39% 13,266
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.61 5.39 6.29 0.36% 12,596

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 44.36 20-Sep-2019 - 27-Sep-2019 -30.11 12-Sep-2019 - 19-Sep-2019
Month 45.18 13-Sep-2019 - 15-Oct-2019 -28.93 27-Aug-2019 - 26-Sep-2019
Quarter 46.74 13-Sep-2019 - 13-Dec-2019 -26.19 27-Jun-2019 - 26-Sep-2019
Year 54.10 13-Sep-2019 - 14-Sep-2020 -20.47 12-Sep-2018 - 13-Sep-2019

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
PGIM India Ultra Short Duration Direct-G 7.54 2.03 1.98 10.55 3.51 6.36
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Ultra Short Duration 5.29 1.06 2.23 6.68 1.07 2.48
Rank within category 1 18 16 1 21 1
Number of funds in category 21 21 21 21 21 21

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

As on 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 23 33 17 41
Modified Duration (yrs) 0.37 0.45 0.21 0.35
Average Maturity (yrs) 0.39 0.47 0.22 0.38
Yield to Maturity (%) 4.50 4.50 3.63 4.50
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 7.60% Aditya Birla Finance 2022 Debenture AAA 0.00 - 8.79 6.77
new Reliance Jio Infocomm 168-D 24/06/2022 Commercial Paper A1+ 0.00 - 6.67 6.67
new Reserve Bank of India 182-D 14/07/2022 Treasury Bills SOV 0.00 - 6.65 6.65
equal 7.30% L&T Finance 2023 Debenture AAA 0.00 - 8.14 6.27
equal 8.07% Bajaj Housing Finance 2022 Non Convertible Debenture AAA 0.00 - 7.89 6.08
new HDFC Bank 2022 Certificate of Deposit A1+ 0.00 - 6.05 6.05
equal Reserve Bank of India 182-D 21/07/2022 Treasury Bills SOV 0.00 - 7.74 5.98
equal 7.62% Housing & Urban Development Corporation 15/07/2022 Debenture AAA 0.00 - 7.54 5.81
equal Britannia Inds. 28/08/2022 Non Convertible Debenture AAA 0.00 - 7.07 5.44
new Aditya Birla Money 91-D 25/07/2022 Commercial Paper A1+ 0.00 - 4.64 4.64
new Axis Bank 2023 Certificate of Deposit A1+ 0.00 - 4.39 4.39
new 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 3.40 3.40
equal REC 13/12/2022 Debenture AAA 0.00 - 4.42 3.40
equal 7.03% REC 2022 Non Convertible Debenture AAA 0.00 - 8.76 3.38
new Jamnagar Utilities and Power 163-D 10/06/2022 Commercial Paper A1+ 0.00 - 3.34 3.34
equal Jamnagar Utilities and Power 335-D 21/09/2022 Commercial Paper A1+ 0.00 - 4.26 3.30
down Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 5.92 3.27
equal Network 18 Media & Inv 328-D 15/12/2022 Commercial Paper A1+ 0.00 - 4.20 3.26
equal National Bank Agr. Rur. Devp 175-D 30/08/2022 Commercial Paper A1+ 0.00 - 2.99 2.31
equal Canara Bank 2022 Certificate of Deposit A1+ 0.00 - 1.73 1.34
equal HDFC Bank 17/08/2022 Certificate of Deposit A1+ 0.00 - 3.59 1.32
equal 7.71% L&T Finance 2022 Debenture AAA 0.00 - 1.20 0.84
new Reserve Bank of India 91-D 26/05/2022 Treasury Bills SOV 0.00 - 0.67 0.67
equal Others CBLO -- - 3.33

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-Apr-2022

Fund Manager

— Kunal Jain since 05-Jan-2018

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:


0.01%

Change from previous, NAV as on 20-May-2022

Growth: ₹ 28.7242

IDCW Weekly: ₹ 10.2583

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IDCW Monthly: ₹ 11.8421

IDCW Daily: ₹ 10.0083


Investment Strategy

The scheme aims to generate stable returns and provide liquidity by investing in a mix of short term debt and money market instruments.

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: 8.27%
Benchmark: CRISIL Ultra Short Duration Fund BI Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 745 Cr (As on 30-Apr-2022)
Expense: 0.29% (As on 30-Apr-2022)
Risk Grade: High
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-May-20220.0037

 29-Apr-20220.0007
 28-Apr-20220.0006
 27-Apr-20220.0021
 26-Apr-20220.0010
 25-Apr-20220.0028
 22-Apr-20220.0009
 21-Apr-20220.0029
 20-Apr-20220.0026
 19-Apr-20220.0028
 18-Apr-20220.0046
 07-Apr-20220.0019
 06-Apr-20220.0028
 05-Apr-20220.0021
 04-Apr-20220.0053
 31-Mar-20220.0022
 30-Mar-20220.0017
 29-Mar-20220.0014
 28-Mar-20220.0037
 25-Mar-20220.0021
 24-Mar-20220.0021
 23-Mar-20220.0018
 22-Mar-20220.0009
 21-Mar-20220.0051
 17-Mar-20220.0012
IDCW Monthly29-Apr-20220.0380

 25-Mar-20220.0380
 25-Feb-20220.0390
 28-Jan-20220.0390
 31-Dec-20210.0460
 26-Nov-20210.0460
 29-Oct-20210.0460
 24-Sep-20210.0460
 27-Aug-20210.0460
 30-Jul-20210.0460
 25-Jun-20210.0460
 28-May-20210.0460
 30-Apr-20210.0460
 26-Mar-20210.0460
 26-Feb-20210.0460
 29-Jan-20210.0460
 24-Dec-20200.0460
 27-Nov-20200.0460
 29-Oct-20200.0460
 25-Sep-20200.0560
 28-Aug-20200.0560
 31-Jul-20200.0560
 30-Jun-20200.0620
 29-May-20200.0620
 24-Apr-20200.0575
IDCW Weekly29-Apr-20220.0074

 22-Apr-20220.0169
 13-Apr-20220.0031
 08-Apr-20220.0066
 31-Mar-20220.0092
 25-Mar-20220.0123
 17-Mar-20220.0116
 11-Mar-20220.0073
 04-Mar-20220.0019
 25-Feb-20220.0065
 18-Feb-20220.0109
 11-Feb-20220.0130
 04-Feb-20220.0015
 28-Jan-20220.0081
 20-Jan-20220.0051
 14-Jan-20220.0091
 07-Jan-20220.0087
 31-Dec-20210.0097
 24-Dec-20210.0058
 17-Dec-20210.0053
 10-Dec-20210.0074
 03-Dec-20210.0068
 26-Nov-20210.0078
 18-Nov-20210.0058
 12-Nov-20210.0120
IDCW Quarterly28-Jun-20190.1369

 25-Mar-20190.1369
 28-Dec-20180.1369
 28-Sep-20180.1369
 28-Jun-20180.1369
 23-Mar-20180.1372
 29-Dec-20170.1372
 28-Sep-20170.1372
 29-Jun-20170.1372
 24-Mar-20170.1372
 29-Dec-20160.1517
 29-Sep-20160.1517
 27-Jun-20160.1517
 28-Mar-20160.1517
 23-Dec-20150.1517
 24-Sep-20150.1517
 26-Jun-20150.1517
 27-Mar-20150.2032
 26-Dec-20140.1633
 26-Sep-20140.1948
 27-Jun-20140.1636
 27-Dec-20130.0390
IDCW28-Dec-20180.1369

 28-Sep-20180.1369
 28-Jun-20180.3602
 26-Sep-20140.7403
IDCW Yearly26-Sep-20140.1358

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

Website: https://www.pgimindiamf.com

Registrar & Transfer Agent: KFin Technologies 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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