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3 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 3.43 0.01 0.07 0.32 0.79 1.84 3.73 8.05 7.76 8.13 --
CCIL T Bill Liquidity Weight 1.86 0.01 0.06 0.21 0.45 1.08 2.02 3.22 3.54 3.99 --
Debt: Ultra Short Duration 3.70 0.01 0.07 0.33 0.96 2.10 3.98 5.81 6.01 6.78 --
Rank within category 12 21 19 22 18 15 11 1 1 1 --
Number of funds in category 27 28 28 28 28 28 27 20 14 14 0

As on 01-Dec-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
3 star
Jan-13 3.73 8.05 7.76 0.34% 712
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.05 6.77 6.91 0.34% 17,500
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.87 6.40 -- 0.34% 16,432
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.62 6.22 6.61 0.33% 13,153
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.54 6.06 6.54 0.31% 11,569

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 7.80 2.13 1.89 4.95 3.01 5.85
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Ultra Short Duration 5.68 1.35 2.25 5.69 1.05 2.53
Rank within category 1 16 15 14 20 1
Number of funds in category 20 20 20 19 20 20

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 30 33 22 41
Modified Duration (yrs) 0.26 0.45 0.26 --
Average Maturity (yrs) 0.28 0.47 0.27 --
Yield to Maturity (%) 3.91 3.94 3.57 --
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 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 7.35 7.16
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 6.57 6.15
equal Aditya Birla Money 88-D 17/12/2021 Commercial Paper A1+ 0.00 - 5.70 5.59
equal 8.20% Power Finance Corporation 27/05/2022 Non Convertible Debenture AAA 0.00 - 5.37 5.02
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 5.07 4.94
new Infina Finance Commercial Paper A1+ 0.00 - 4.21 4.21
equal 9.10% L&T Finance 13/04/2022 Non Convertible Debenture AAA 0.00 - 6.17 3.65
equal Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 4.80 3.62
equal 7.61% Housing & Urban Development Corporation 22/06/2022 Debenture AAA 0.00 - 3.68 3.58
new 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 0.00 - 3.57 3.57
equal 9.75% REC 2021 Bonds AAA 0.00 - 8.03 3.52
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 4.78 3.52
new Indian Oil Corporation Commercial Paper A1+ 0.00 - 3.50 3.50
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 3.69 3.50
equal ICICI Securities 180-D 12/01/2022 Commercial Paper A1+ 0.00 - 3.67 3.48
equal HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 3.65 3.46
equal SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 3.65 3.46
down 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 3.66 2.84
equal LIC Housing Fin. 353-D 07/07/2022 Commercial Paper A1+ 0.00 - 3.23 2.72
equal Network 18 Media & Inv 320-D 14/03/2022 Commercial Paper A1+ 0.00 - 3.01 2.21
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 2.21 2.10
equal Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 2.72 2.10
equal ICICI Securities 269-D 25/03/2022 Commercial Paper A1+ 0.00 - 2.13 1.79
new 8.96% Punjab State 2022 State Development Loan SOV 0.00 - 1.57 1.57
equal 6.93% Ultratech Cement 25/11/2021 Debenture AAA 0.00 - 1.87 1.41

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-Oct-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:


0.01%

Change from previous, NAV as on 01-Dec-2021

Growth: ₹ 28.2674

IDCW Weekly: ₹ 10.2691

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IDCW Monthly: ₹ 11.8533

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: 8.52%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 712 Cr (As on 31-Oct-2021)
Expense: 0.34% (As on 31-Oct-2021)
Risk Grade: High
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily01-Dec-20210.0008

 30-Nov-20210.0012
 29-Nov-20210.0026
 26-Nov-20210.0012
 25-Nov-20210.0010
 24-Nov-20210.0007
 23-Nov-20210.0009
 22-Nov-20210.0038
 18-Nov-20210.0009
 17-Nov-20210.0010
 16-Nov-20210.0012
 15-Nov-20210.0026
 12-Nov-20210.0011
 11-Nov-20210.0008
 10-Nov-20210.0010
 09-Nov-20210.0023
 08-Nov-20210.0064
 03-Nov-20210.0017
 02-Nov-20210.0009
 01-Nov-20210.0021
 29-Oct-20210.0007
 25-Oct-20210.0010
 22-Oct-20210.0008
 21-Oct-20210.0008
 20-Oct-20210.0014
IDCW Monthly26-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
 27-Mar-20200.0432
 28-Feb-20200.0414
 31-Jan-20200.0414
 27-Dec-20190.0432
 29-Nov-20190.0432
IDCW Weekly26-Nov-20210.0078

 18-Nov-20210.0058
 12-Nov-20210.0120
 03-Nov-20210.0047
 29-Oct-20210.0018
 22-Oct-20210.0058
 14-Oct-20210.0088
 08-Oct-20210.0069
 01-Oct-20210.0051
 24-Sep-20210.0020
 17-Sep-20210.0067
 09-Sep-20210.0050
 03-Sep-20210.0099
 27-Aug-20210.0076
 20-Aug-20210.0091
 13-Aug-20210.0086
 06-Aug-20210.0064
 30-Jul-20210.0080
 23-Jul-20210.0084
 16-Jul-20210.0103
 09-Jul-20210.0087
 02-Jul-20210.0074
 25-Jun-20210.0073
 18-Jun-20210.0036
 11-Jun-20210.0090
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

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