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2 star

Principal Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Low Duration debt funds invest in bonds maturing in six months to a year. 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 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."

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 3.51 0.03 0.06 0.34 0.72 1.85 3.74 -0.64 2.38 4.33 --
CCIL T Bill Liquidity Weight 1.87 -0.01 0.04 0.16 0.43 1.05 2.00 3.20 3.53 3.98 --
Debt: Low Duration 4.32 0.03 0.08 0.36 1.32 2.55 4.69 4.96 5.77 6.60 --
Rank within category 21 12 22 19 18 20 20 23 22 20 --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 0

As on 06-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Principal Low Duration Fund - Direct Plan
2 star
Jan-13 3.74 -0.64 2.38 0.22% 58
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 4.40 7.33 7.20 0.40% 31,730
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.58 7.36 7.13 0.44% 21,669
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.37 7.47 7.45 0.40% 17,431
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.35 7.50 7.62 0.41% 11,005

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 5.70 30-Jun-2020 - 07-Jul-2020 -16.54 28-May-2019 - 04-Jun-2019
Month 6.37 09-Jun-2020 - 09-Jul-2020 -16.55 10-May-2019 - 10-Jun-2019
Quarter 7.45 30-Apr-2020 - 31-Jul-2020 -15.88 11-Mar-2019 - 10-Jun-2019
Year 10.69 30-Apr-2020 - 30-Apr-2021 -15.47 30-Apr-2019 - 30-Apr-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -0.04 10.19 -0.38 -0.16 -4.37 -6.50
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Low Duration 5.11 4.37 1.60 3.37 -0.78 0.85
Rank within category 22 22 22 23 2 23
Number of funds in category 24 24 24 24 24 24

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 21 27 19 54
Modified Duration (yrs) 0.50 0.66 0.50 --
Average Maturity (yrs) 0.53 0.70 0.53 --
Yield to Maturity (%) 3.97 4.00 3.42 --
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 Reserve Bank of India 364-D 24/03/2022 Treasury Bills SOV 0.00 - 8.49 8.49
new Reserve Bank of India 182-D 28/04/2022 Treasury Bills SOV 0.00 - 8.45 8.45
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 3.63 - 6.93 6.87
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 5.34 5.29
equal 6.55% National Housing Bank 17/04/2023 Debenture AAA 2.75 - 5.31 5.27
equal 7.02% Maharashtra State 27/09/2022 State Development Loan SOV 0.00 - 5.32 5.27
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 2.68 - 5.21 5.18
equal 8.91% West Bengal State 18/07/2022 State Development Loan SOV 0.00 - 5.03 4.96
equal NTPC 2023 Bonds AAA 2.40 - 4.57 4.52
equal 8.91% Gujarat State 22/08/2022 State Development Loan SOV 0.00 - 3.60 3.55
equal 8.15% GOI 2022 Central Government Loan SOV 0.00 - 3.55 3.51
new 8.15% REC 2022 Non Convertible Debenture AAA 0.00 - 3.50 3.50
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 3.53 3.49
equal 7.78% LIC Housing Fin. 23/05/2022 Bonds/NCDs AAA 0.00 - 3.51 3.49
new L&T Finance 166-D 07/12/2021 Commercial Paper A1+ 0.00 - 3.43 3.43
equal Indusind Bank 28/02/2022 Certificate of Deposit A1+ 0.00 - 3.40 3.40
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 3.54 2.63
equal 8.13% GOI 21/09/2022 Central Government Loan SOV 0.00 - 1.77 1.77
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 0.00 - 1.76 1.74
equal ICICI Securities 177-D 17/12/2021 Commercial Paper A1+ 0.00 - 1.71 1.71
equal Reserve Bank of India 91-D 06/01/2022 Treasury Bills SOV 0.00 - 1.01 1.01

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-2021

*As on 31-Oct-2021

Fund Manager

— Bekxy Kuriakose since 31-May-2019

Education: Ms. Kuriakose is a BA (Economics) from Delhi University and PGDM from IIM,Bangalore

Experience: Prior to joining Principal Mutual Fund she has worked with L&T Mutual Fund, Reliance Life Insurance Co. Ltd ,SBI Mutual Fund and Tata Administrative Services

Interviews:

Funds Managed:


0.03%

Change from previous, NAV as on 06-Dec-2021

Growth: ₹ 2,921.4738

IDCW Weekly: ₹ 961.5367

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IDCW Monthly: ₹ 1,092.5016

IDCW Daily: ₹ 962.9809


Investment Strategy

The scheme will maintain a judicious mix of cash, short term and medium term instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 2,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Principal Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 5.41%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 58 Cr (As on 30-Nov-2021)
Expense: 0.22% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-May-20190.1732

 30-Apr-20190.6478
 26-Apr-20190.1396
 25-Apr-20190.0563
 24-Apr-20190.0216
 22-Apr-20190.1353
 16-Apr-20190.1359
 15-Apr-20190.2790
 29-Mar-20191.1449
 28-Mar-20190.2493
 27-Mar-20190.2672
 25-Mar-20190.4802
 22-Mar-20190.2594
 20-Mar-20190.0690
 19-Mar-20190.1208
 18-Mar-20190.5524
 15-Mar-20190.1779
 14-Mar-20190.5526
 13-Mar-20190.2089
 12-Mar-20190.3057
 11-Mar-20190.6078
 08-Mar-20190.2692
 07-Mar-20190.2266
 06-Mar-20190.2396
 05-Mar-20190.7582
IDCW Weekly30-Apr-20190.8425

 24-Apr-20190.1563
 16-Apr-20190.7169
 10-Apr-20190.6341
 03-Apr-20190.4552
 27-Mar-20191.0060
 20-Mar-20191.4724
 13-Mar-20191.6173
 06-Mar-20191.4301
 27-Feb-20190.8472
 20-Feb-20190.1464
 30-Jan-20190.9072
 23-Jan-20190.9608
 16-Jan-20191.3287
 09-Jan-20191.2068
 02-Jan-20191.3930
 26-Dec-20180.9626
 19-Dec-20181.6797
 12-Dec-20180.9786
 05-Dec-20181.7170
 28-Nov-20181.3661
 20-Nov-20181.2363
 14-Nov-20181.5610
 06-Nov-20181.0290
 31-Oct-20181.3000
IDCW Monthly16-Apr-20194.0464

 15-Mar-20195.7958
 15-Feb-20191.6011
 17-Jan-20196.4498
 17-Dec-20186.6514
 16-Nov-20186.2337
 17-Oct-20180.4110
 17-Sep-20181.0621
 16-Aug-20184.4427
 17-Jul-20186.9248
 15-Jun-20185.1814
 17-May-20181.5530
 17-Apr-20186.5930
 16-Mar-20185.8749
 16-Feb-20184.5438
 17-Jan-20183.5226
 15-Dec-20173.6472
 17-Nov-20174.0704
 17-Oct-20174.9942
 15-Sep-20175.0423
 16-Aug-20175.5964
 17-Jul-20175.8850
 16-Jun-20176.6685
 17-May-20174.1912
 17-Apr-20176.0858

Contact Information

AMC: Principal Asset Management Pvt. Ltd.

Address: Exchange Plaza - 2rd Floor - NSE Building, "B" Wing-Bandra Kurla Complex, Bandra (East), Mumbai - 400051

Phone: 022-67720555 / 1800-425-5600

Fax: 022-67720512

Email: [email protected]

Website: http://www.principalindia.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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