VR Logo

3 star

Principal Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.03 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.

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 3.21 0.01 0.06 0.33 0.78 1.74 3.48 5.43 5.01 6.03 --
CCIL T Bill Liquidity Weight 1.83 -0.01 0.04 0.16 0.43 1.06 1.96 3.22 3.54 3.99 --
Debt: Ultra Short Duration 3.69 0.01 0.07 0.35 0.96 2.10 3.97 5.81 6.02 6.78 --
Rank within category 20 12 21 24 23 23 20 17 13 13 --
Number of funds in category 27 28 28 28 28 28 27 20 14 14 0

As on 30-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Principal Ultra Short Term Fund - Direct Plan
3 star
Jan-13 3.48 5.43 5.01 0.27% 175
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.05 6.77 6.92 0.34% 17,500
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.85 6.40 -- 0.34% 16,432
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.62 6.23 6.62 0.33% 13,153
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.52 6.06 6.54 0.31% 11,569

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.60 24-Mar-2020 - 31-Mar-2020 -3.46 18-Sep-2018 - 25-Sep-2018
Month 1.01 08-Aug-2013 - 09-Sep-2013 -5.10 27-Aug-2018 - 26-Sep-2018
Quarter 2.87 24-Jul-2013 - 23-Oct-2013 -3.87 02-Aug-2018 - 01-Nov-2018
Year 10.34 24-Jul-2013 - 24-Jul-2014 1.35 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.43 0.62 2.53 6.55 1.22 2.31
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Ultra Short Duration 5.81 1.35 2.28 5.43 1.08 2.61
Rank within category 17 2 11 11 10 14
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 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 32 35 26 41
Modified Duration (yrs) 0.24 0.36 0.22 --
Average Maturity (yrs) 0.25 0.38 0.23 --
Yield to Maturity (%) 3.78 3.78 3.17 --
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 8.79% GOI 2021 Central Government Loan SOV 0.00 - 11.00 10.27
up 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 5.77 5.77
equal Indusind Bank 28/02/2022 Certificate of Deposit A1+ 0.00 - 7.42 4.50
new 8.40% Power Grid Corporation 27/05/2022 Debenture AAA 0.00 - 2.91 2.91
new 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 0.00 - 2.91 2.91
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 4.81 2.90
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 4.80 2.90
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 4.82 2.90
new 8.95% Maharashtra State 2022 State Development Loan SOV 0.00 - 2.90 2.90
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 4.79 2.89
equal 8.79% Maharashtra State 21/12/2021 State Development Loan SOV 0.00 - 4.76 2.87
equal Axis Finance 168-D 18/11/2021 Commercial Paper A1+ 0.00 - 4.68 2.84
new Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 2.84 2.84
new Reserve Bank of India 91-D 27/01/2022 Treasury Bills SOV 0.00 - 2.83 2.83
new Astec Lifesciences 64-D 28/12/2021 Commercial Paper A1+ 0.00 - 2.83 2.83
new Reserve Bank of India 182-D 21/04/2022 Treasury Bills SOV 0.00 - 2.80 2.80
equal 9.75% REC 2021 Bonds AAA 2.03 - 3.79 2.28
equal 6.70% Indian Railway Finance Corporation 24/11/2021 Bonds/NCDs AAA 1.57 - 3.78 2.28
equal 7.24% Indian Railway Finance Corporation 2021 Bonds AAA 2.00 - 3.78 2.28
new 8.13% GOI 21/09/2022 Central Government Loan SOV 0.00 - 1.77 1.77
equal 8.91% Gujarat State 22/08/2022 State Development Loan SOV 0.00 - 2.94 1.77
equal 7.78% LIC Housing Fin. 23/05/2022 Bonds/NCDs AAA 0.00 - 2.88 1.74
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 0.00 - 2.88 1.74
equal 7.65% Grasim Industries 15/04/2022 Debenture AAA 0.00 - 2.87 1.73
equal 7.14% REC 2021 Bonds AAA 1.50 - 2.84 1.72

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

— 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:


0.01%

Change from previous, NAV as on 30-Nov-2021

Growth: ₹ 2,313.6628

IDCW Monthly: ₹ 1,059.9759


Investment Strategy

The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 2,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
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: 6.81%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 175 Cr (As on 31-Oct-2021)
Expense: 0.27% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly17-Nov-20213.3590

 14-Oct-20212.1971
 17-Sep-20213.1826
 17-Aug-20213.4812
 16-Jul-20213.3263
 17-Jun-20213.0411
 17-May-20213.4541
 16-Apr-20213.8140
 17-Mar-20212.5185
 17-Feb-20213.1559
 15-Jan-20212.3828
 17-Dec-20202.6700
 17-Nov-20203.3890
 16-Oct-20204.0320
 17-Sep-20202.7495
 17-Aug-20202.9498
 17-Jul-20204.7424
 17-Jun-20205.9566
 15-May-20205.2922
 17-Apr-20205.9430
 17-Mar-20201.9272
 17-Feb-20204.4700
 17-Jan-20203.5737
 17-Dec-20193.3795
 15-Nov-20193.6998

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