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Principal Short Term Debt Fund - Direct Plan


1 Lakh

Investment declined to
₹ 0.99 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.20 Lakh

Analyst's Choice?

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

The risk of incurring a loss in these funds over the said time frame 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, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, 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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.54 0.06 0.26 0.71 1.67 3.55 -1.15 3.97 6.15 7.16 --
CCIL T Bill Liquidity Weight 0.21 0.04 0.05 0.26 0.84 1.89 4.22 4.14 4.47 4.79 --
Debt: Short Duration 0.38 0.07 0.07 0.57 1.47 3.24 5.33 6.04 7.23 7.91 --
Rank within category 18 20 10 19 23 22 24 22 21 18 --
Number of funds in category 29 29 29 29 29 29 28 26 26 24 0

As on 22-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.00 (29-Aug-2013 - 05-Sep-2013) -9.36 (03-Jun-2019 - 10-Jun-2019)
Month 2.13 (20-Aug-2013 - 19-Sep-2013) -8.82 (31-May-2019 - 01-Jul-2019)
Quarter 3.67 (18-Feb-2013 - 21-May-2013) -7.69 (02-Apr-2019 - 02-Jul-2019)
Year 11.61 (24-Nov-2015 - 24-Nov-2016) -1.39 (14-Jan-2019 - 14-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.14 5.64 -0.28 -0.17 4.06 5.10
CCIL T Bill Liquidity Weight 4.08 0.26 -10.52 -- -- --
Debt: Short Duration 6.13 3.00 0.63 1.30 3.48 6.13
Rank within category 23 23 23 23 19 21
Number of funds in category 27 27 27 27 27 27

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 20 29 18 57
Modified Duration (yrs) 2.29 2.29 1.33 2.04
Average Maturity (yrs) 2.84 2.84 1.62 2.49
Yield to Maturity (%) 7.62 9.36 6.84 7.45

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 9.99 9.99
equal 8.10% NTPC 27/05/2021 Bonds AAA 6.53 - 11.35 7.63
equal 8.25% IRFC 28/02/2024 Debenture AAA 0.00 - 7.01 7.01
equal 7.57% Ultratech Cement 2021 Debenture AAA 0.00 - 6.79 6.79
down 8.65% IIFL Home Finance 2020 Bonds/NCDs AA 5.83 - 8.68 5.83
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 4.74 - 9.09 5.59
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 5.45 5.45
equal 8.30% IRFC 25/03/2029 Debenture AAA 0.00 - 3.90 3.90
new 8.02% Export-Import Bank 29/10/2025 Bonds AAA 0.00 - 3.86 3.86
equal 7.99% Power Finance Corp. 20/12/2022 Debenture AAA 1.30 - 3.80 3.80
new 7.60% ICICI Bank 2023 Bonds AAA 0.00 - 3.79 3.79
equal 8.51% HDFC 15/07/2020 Non Convertible Debenture AAA 0.00 - 3.76 3.76
new 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 3.74 3.74
new 7.12% The Ramco Cements 18/06/2021 Debenture AA+ 0.00 - 3.72 3.72
equal 8.55% Indiabulls Housing Finance 2020 Debenture AA+ 0.00 - 3.66 3.66
equal 9.02% REC 19/11/2022 Bonds AAA 0.00 - 3.11 3.11
equal AU Small Finance Bank 29/05/2020 Certificate of Deposit A1+ 0.00 - 2.90 2.90
new 9.55% Hindalco Inds. 27/07/2022 Bonds/NCDs AA 0.00 - 2.69 2.69
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.92 - 1.86 1.86
equal 9.15% ICICI Bank Debenture AA+ 0.00 - 0.75 0.38

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

— 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:


0.06%

Change from previous, NAV as on 22-Jan-2020

Growth: ₹ 33.0348

Dividend Monthly: ₹ 12.3904


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
Exit Load 0

Basic Details

Fund House: Principal Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.19%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 134 Cr (As on 31-Dec-2019)
Expense: 0.69% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly17-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
 16-Mar-20180.0689
 16-Feb-20180.0365
 17-Jan-20180.0207
 15-Dec-20170.0155
 17-Nov-20170.0184
 17-Oct-20170.0433
 15-Sep-20170.0472
 16-Aug-20170.0704
 17-Jul-20170.0690
 16-Jun-20170.1073
 17-May-20170.0479
 17-Apr-20170.0876

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: www.principalindia.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

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