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PGIM India Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 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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(₹)
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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 0.36 0.05 0.08 0.51 1.66 6.84 13.64 9.60 9.30 9.49 --
Debt: Ultra Short Duration 0.19 0.05 -0.06 0.35 1.36 3.38 7.00 6.66 7.47 8.29 --
Rank within category 8 16 26 9 8 2 1 1 1 1 --
Number of funds in category 28 28 28 28 27 26 23 17 17 15 0

As on 20-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
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 14.93 (27-Sep-2018 - 27-Sep-2019) -20.47 (12-Sep-2018 - 13-Sep-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.25 1.96 1.81 4.12 2.85 8.20
Debt: Ultra Short Duration 6.73 1.54 2.18 4.45 1.44 3.37
Rank within category 1 13 12 12 16 1
Number of funds in category 19 19 19 19 19 19

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 18 18 1 40
Modified Duration (yrs) 0.44 0.48 0.01 0.37
Average Maturity (yrs) 0.47 0.56 0.01 0.45
Yield to Maturity (%) 6.07 34.01 5.79 6.25

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 8.61 8.61
up Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 8.74 8.54
new Axis Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 7.49 7.49
up Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 10.35 6.32
up SIDBI 2020 Certificate of Deposit A1+ 0.00 - 9.31 5.90
new 8.36% Power Finance Corp. 2020 Bonds AAA 0.00 - 5.19 5.19
equal 8.80% REC 29/11/2020 Bonds AAA 0.00 - 7.87 4.97
equal Aditya Birla Finance 2020 Non Convertible Debenture AAA 0.00 - 9.72 4.78
new 9.02% LIC Housing Fin. 2020 Debenture AAA 0.00 - 4.36 4.36
equal 8.51% HDFC 15/07/2020 Non Convertible Debenture AAA 0.00 - 8.93 4.31
new 7.87% Tata Capital Financial Services 2020 Debenture AAA 0.00 - 4.29 4.29
new 7.85% L&T Finance 19/06/2020 Debenture AAA 0.00 - 4.27 4.27
equal 8.78% Power Finance Corp. 15/11/2020 Bonds AAA 0.00 - 8.84 4.27
new 7.85% L&T Finance 2020 Accrued Income AAA 0.00 - 4.27 4.27
new Redington India 88-D 28/02/2020 Commercial Paper A1+ 0.00 - 4.24 4.24
new ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 4.10 4.10
new National Bank Agr. Rur. Devp 29/01/2020 Commercial Paper A1+ 0.00 - 2.55 2.55
new 9.25% Power Grid Corporation 24/07/2020 Bonds AAA 0.00 - 2.17 2.17

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-2019

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:


0.05%

Change from previous, NAV as on 20-Jan-2020

Growth: ₹ 25.8377

Dividend Weekly: ₹ 10.2692

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Dividend Monthly: ₹ 11.9547

Dividend 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 (₹) 500
Minimum No of Cheques 10
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.49%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 117 Cr (As on 31-Dec-2019)
Expense: 0.25% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Jan-20200.0013

 16-Jan-20200.0009
 13-Jan-20200.0036
 10-Jan-20200.0008
 09-Jan-20200.0024
 08-Jan-20200.0024
 07-Jan-20200.0017
 06-Jan-20200.0033
 03-Jan-20200.0019
 02-Jan-20200.0022
 01-Jan-20200.0022
 31-Dec-20190.0007
 30-Dec-20190.0032
 27-Dec-20190.0012
 26-Dec-20190.0011
 24-Dec-20190.0006
 23-Dec-20190.0035
 20-Dec-20190.0010
 19-Dec-20190.0016
 18-Dec-20190.0018
 17-Dec-20190.0016
 16-Dec-20190.0032
 13-Dec-20190.0009
 12-Dec-20190.0011
 11-Dec-20190.0012
Dividend Weekly17-Jan-20200.0059

 10-Jan-20200.0108
 03-Jan-20200.0104
 27-Dec-20190.0066
 20-Dec-20190.0094
 13-Dec-20190.0076
 06-Dec-20190.0064
 29-Nov-20190.0093
 22-Nov-20190.0118
 15-Nov-20190.0120
 07-Nov-20190.0058
 01-Nov-20190.0117
 25-Oct-20190.0088
 18-Oct-20190.0091
 11-Oct-20190.0080
 04-Oct-20190.0071
 30-Sep-20190.1097
 27-Sep-20190.1097
 06-Sep-20190.0501
 30-Aug-20190.0502
 23-Aug-20190.0499
 16-Aug-20190.0052
 02-Aug-20190.0439
 25-Jul-20190.0316
 19-Jul-20190.0369
Dividend Monthly27-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
 29-Mar-20190.0468
 22-Feb-20190.0468
 25-Jan-20190.0468
 28-Dec-20180.0468
 30-Nov-20180.0468
 26-Oct-20180.0468
 28-Sep-20180.0468
 31-Aug-20180.0468
 27-Jul-20180.0468
 29-Jun-20180.0468
 25-May-20180.0468
 27-Apr-20180.0468
 23-Mar-20180.0469
 23-Feb-20180.0469
 25-Jan-20180.0469
 29-Dec-20170.0469
 24-Nov-20170.0469
Dividend 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
Dividend28-Dec-20180.1369

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

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

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM