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5 star

PGIM India Ultra Short Term Fund - Direct Plan


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
Fund 1.71 0.03 0.08 0.35 1.06 1.90 4.36 8.76 8.25 8.54 --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 --
Debt: Ultra Short Duration 1.74 0.03 0.12 0.36 1.10 1.91 4.41 6.02 6.42 7.10 --
Rank within category 10 21 14 5 12 10 10 1 1 1 --
Number of funds in category 27 28 28 28 27 27 26 17 14 14 0

As on 14-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
PGIM India Ultra Short Term Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.36 8.76 8.25 0.29 528
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.55 7.42 7.55 0.34 18,100
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 4.97 -- -- 0.24 16,735
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.27 6.79 6.89 0.31 12,864
Kotak Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.53 6.91 7.14 0.33 11,759

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
Fund 8.52 2.07 2.04 4.73 2.67 6.28
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Ultra Short Duration 5.88 1.69 2.03 3.71 1.14 2.46
Rank within category 1 11 9 9 16 1
Number of funds in category 16 16 16 16 16 16

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 28 28 14 41
Modified Duration (yrs) 0.41 0.45 0.26 0.33
Average Maturity (yrs) 0.43 0.47 0.27 0.38
Yield to Maturity (%) 3.83 3.99 3.57 3.76
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
new Reserve Bank of India 182-D 19/08/2021 Treasury Bills SOV 0.00 - 11.46 11.46
equal 9.75% REC 2021 Bonds AAA 0.00 - 8.03 7.76
equal 9.10% L&T Finance 13/04/2022 Non Convertible Debenture AAA 0.00 - 6.17 4.99
new 9.15% Aditya Birla Finance 13/01/2022 Zero Coupon Bonds AAA 0.00 - 4.86 4.86
new 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 4.83 4.83
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 6.00 4.83
new Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 4.80 4.80
new 6.22% HDFC 2021 Debenture AAA 0.00 - 4.78 4.78
equal 7.50% Power Finance Corporation 16/08/2021 Debenture AAA 0.00 - 6.35 4.77
equal TV18 Broadcast 181-D 18/08/2021 Commercial Paper A1+ 0.00 - 6.14 4.70
new Axis Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 4.55 4.55
equal HDFC 357-D 11/10/2021 Commercial Paper A1+ 0.00 - 4.79 3.92
equal 8.90% Aditya Birla Finance 24/09/2021 Debenture AAA 0.00 - 5.12 3.75
equal Network 18 Media & Inv 320-D 14/03/2022 Commercial Paper A1+ 0.00 - 3.01 2.93
equal National Bank Agr. Rur. Devp 199-D 02/08/2021 Commercial Paper A1+ 0.00 - 3.70 2.82
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 5.42 2.46
new 7.02% Maharashtra State 27/09/2022 State Development Loan SOV 0.00 - 1.96 1.96
equal 8.25% L&T Finance 21/06/2021 Debenture AAA 0.00 - 4.34 1.90
equal GOI 2021 GOI Securities SOV 0.00 - 2.99 1.89
equal 10.40% Sikka Ports and Terminals 18/07/2021 Bonds/NCDs AAA 0.00 - 8.18 1.79
equal 7.42% Maharashtra State 2022 State Development Loan SOV 0.00 - 1.01 0.98
new 9.08% West Bengal State 19/10/2021 State Development Loan SOV 0.00 - 0.97 0.97
new 9.02% Uttar Pradesh State 2021 State Development Loan SOV 0.00 - 0.97 0.97
equal 9.20% L&T Housing Finance 14/01/2022 Debenture AAA 0.00 - 1.76 0.97
new 8.66% Maharashtra State 21/09/2021 State Development Loan SOV 0.00 - 0.96 0.96

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-May-2021

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:

— 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:


0.03%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 27.7983

IDCW Weekly: ₹ 10.2669

More

IDCW Monthly: ₹ 11.9327

IDCW Daily: ₹ 10.0179


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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) 1,000
Minimum 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: 8.80%
Benchmark: CRISIL Ultra ST Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 528 Cr (As on 31-May-2021)
Expense: 0.29% (As on 30-Apr-2021)
Risk Grade: High
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jun-20210.0025

 11-Jun-20210.0011
 10-Jun-20210.0016
 09-Jun-20210.0020
 08-Jun-20210.0010
 07-Jun-20210.0030
 04-Jun-20210.0013
 03-Jun-20210.0012
 02-Jun-20210.0010
 01-Jun-20210.0016
 31-May-20210.0028
 28-May-20210.0011
 27-May-20210.0016
 25-May-20210.0007
 24-May-20210.0029
 21-May-20210.0012
 20-May-20210.0011
 19-May-20210.0020
 18-May-20210.0019
 17-May-20210.0029
 14-May-20210.0016
 12-May-20210.0006
 11-May-20210.0015
 10-May-20210.0019
 07-May-20210.0002
IDCW Weekly11-Jun-20210.0090

 04-Jun-20210.0081
 28-May-20210.0064
 21-May-20210.0093
 14-May-20210.0057
 07-May-20210.0060
 30-Apr-20210.0099
 23-Apr-20210.0085
 16-Apr-20210.0087
 09-Apr-20210.0086
 31-Mar-20210.0059
 26-Mar-20210.0116
 19-Mar-20210.0075
 12-Mar-20210.0066
 05-Mar-20210.0046
 26-Feb-20210.0078
 18-Feb-20210.0130
 12-Feb-20210.0091
 05-Feb-20210.0041
 29-Jan-20210.0057
 22-Jan-20210.0026
 08-Jan-20210.0094
 01-Jan-20210.0106
 24-Dec-20200.0053
 18-Dec-20200.0070
IDCW Monthly28-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
 27-Mar-20200.0432
 28-Feb-20200.0414
 31-Jan-20200.0414
 27-Dec-20190.0432
 29-Nov-20190.0432
 25-Oct-20190.0432
 30-Aug-20190.0468
 25-Jul-20190.0468
 28-Jun-20190.0468
 31-May-20190.0468
 26-Apr-20190.0468
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

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

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Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM