VR Logo

2 star

Principal Short Term Debt Fund - Direct Plan


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.23 0.02 0.04 0.53 0.55 2.12 3.47 4.35 5.12 6.52 --
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: Short Duration 4.68 0.03 0.08 0.46 1.49 3.06 4.96 7.02 6.63 7.59 --
Rank within category 26 25 25 4 24 18 25 22 21 21 --
Number of funds in category 26 28 28 28 28 27 26 25 23 23 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 Short Term Debt Fund - Direct Plan
2 star
Jan-13 3.47 4.35 5.12 0.67% 92
ICICI Prudential Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 5.00 9.05 7.87 0.37% 20,584
HDFC Short Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.73 8.69 7.86 0.24% 19,407
Kotak Bond - Short Term Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.33 8.64 7.64 0.34% 17,142
Axis Short Term Fund - Direct Plan
4 star
Jan-13 4.38 8.64 7.70 0.30% 12,809

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 7.41 03-Jul-2020 - 10-Jul-2020 -9.36 03-Jun-2019 - 10-Jun-2019
Month 8.91 10-Jun-2020 - 10-Jul-2020 -8.82 31-May-2019 - 01-Jul-2019
Quarter 11.36 30-Apr-2020 - 31-Jul-2020 -7.69 02-Apr-2019 - 02-Jul-2019
Year 14.79 30-Apr-2020 - 30-Apr-2021 -6.51 30-Apr-2019 - 30-Apr-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.68 7.93 0.11 0.10 -2.54 -0.65
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Short Duration 6.96 3.54 1.67 3.05 0.60 3.54
Rank within category 22 23 22 22 4 24
Number of funds in category 25 25 25 25 25 25

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 20 28 20 65
Modified Duration (yrs) 2.13 2.85 2.05 --
Average Maturity (yrs) 2.54 3.39 2.45 --
Yield to Maturity (%) 4.96 5.18 4.64 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 10.31 10.31
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 8.52 7.03
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 5.73 5.73
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 3.35 - 5.68 5.68
equal 7.60% ICICI Bank 2023 Bonds AAA 3.36 - 5.67 5.67
equal 7.35% HDFC 2025 Debenture AAA 3.33 - 5.66 5.66
equal 7.05% Reliance Industries 13/09/2023 Debenture AAA 3.33 - 5.62 5.62
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 3.31 - 5.57 5.57
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 3.30 - 5.55 5.55
equal 6.45% Maharashtra State 14/10/2027 State Development Loan SOV 3.70 - 7.39 5.47
equal 5.45% NTPC 15/10/2025 Debenture AAA 3.16 - 5.39 5.39
equal 8.14% Maharashtra State 27/05/2025 State Development Loan SOV 0.00 - 4.68 4.68
equal 7.24% REC 31/12/2022 Non Convertible Debenture AAA 2.65 - 4.46 4.46
equal 6.84% GOI 19/12/2022 GOI Securities SOV 2.63 - 4.40 4.40
equal 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 2.71 - 6.13 4.05
equal 6.97% GOI 2026 GOI Securities SOV 0.00 - 2.86 2.86
equal NTPC 2023 Bonds AAA 0.69 - 1.14 1.14
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.68 - 1.14 1.14
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.76 - 4.25 1.13
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.86 - 4.52 1.09

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

— Gurvinder Singh Wasan since 01-Jan-2013

Education: Mr. Wasan is a Chartered Accountant, CFA and Master of Commerce from Mumbai University.

Experience: Prior to joining Principal Mutual Fund, he has worked with Crisil Ltd. and ICICI Bank Ltd.

Funds Managed:


0.02%

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

Growth: ₹ 37.5768

IDCW Monthly: ₹ 12.8880


Investment Strategy

The fund aims to generate income and capital appreciation from a portfolio of debt and money market instruments. The fund can be slotted between a cash fund and a bond fund.

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: 01-Jan-2013
Return Since Launch: 7.18%
Benchmark: CRISIL Short-Term Bond Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 92 Cr (As on 30-Nov-2021)
Expense: 0.67% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly17-Nov-20210.0295

 14-Oct-20210.0016
 17-Sep-20210.0742
 17-Aug-20210.0806
 16-Jul-20210.0404
 17-Jun-20210.0274
 17-May-20210.1150
 16-Apr-20210.0351
 17-Dec-20200.0597
 17-Nov-20200.0962
 16-Oct-20200.1317
 17-Jul-20200.4694
 17-May-20190.0439
 16-Apr-20190.0476
 15-Mar-20190.0834
 15-Feb-20190.0622
 17-Jan-20190.0842
 17-Dec-20180.0858
 16-Nov-20180.0696
 17-Oct-20180.0608
 17-Sep-20180.0219
 16-Aug-20180.0496
 17-Jul-20180.0851
 15-Jun-20180.0069
 17-Apr-20180.0678

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

Upcoming Video

Investors' Hangout

Stocks or Equity Funds for the long term?

DateFriday, 10-Dec-2021
Time12:30 PM - 01:00 PM

attending You have reserved a spot