VR Logo

Principal Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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.

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 0.39 0.02 0.13 0.49 1.43 3.20 7.20 5.44 6.62 7.50 --
CCIL T Bill Liquidity Weight 0.24 0.04 0.09 0.32 0.85 1.93 4.24 4.15 4.45 4.79 --
Debt: Ultra Short Duration 0.25 0.02 0.13 0.36 1.33 3.38 7.02 6.66 7.47 8.29 --
Rank within category 14 16 8 16 22 20 17 15 14 -- --
Number of funds in category 28 28 28 28 27 26 24 17 17 15 0

As on 23-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.28 (26-Sep-2018 - 03-Oct-2018) -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 5.39 3.27 -0.10 -0.03 3.25 5.01
CCIL T Bill Liquidity Weight 4.08 0.26 -10.52 -- -- --
Debt: Ultra Short Duration 6.73 1.54 2.18 4.45 1.44 3.37
Rank within category 17 16 17 16 18 3
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 21 23 11 40
Modified Duration (yrs) 0.44 0.44 0.20 0.36
Average Maturity (yrs) 0.48 0.48 0.22 0.44
Yield to Maturity (%) 5.75 7.80 5.41 6.22

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new National Housing Bank 22/02/2022 Non Convertible Debenture AAA 0.00 - 7.20 7.20
new 7.05% Power Finance Corp. 15/05/2020 Debenture AAA 0.00 - 7.17 7.17
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 8.30 7.07
new ICICI Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 6.75 6.75
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 6.64 5.66
up 7.74% Bajaj Finance 30/06/2020 Debenture AAA 0.00 - 4.60 4.60
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 5.19 4.36
equal 7.14% REC 2021 Bonds AAA 0.00 - 5.07 4.30
new Vardhman Special Steels 58-D 13/02/2020 Commercial Paper A1+ 0.00 - 4.25 4.25
equal AU Small Finance Bank 29/05/2020 Certificate of Deposit A1+ 0.00 - 4.17 4.17
equal 6.78% Reliance Industries 16/09/2020 Non Convertible Debenture AAA 0.00 - 4.58 3.87
equal 8.93% Power Grid Corporation 20/10/2020 Bonds AAA 0.00 - 3.48 2.91
equal 8.51% HDFC 15/07/2020 Non Convertible Debenture AAA 0.00 - 3.44 2.88
new SIDBI 28/01/2020 Commercial Paper A1+ 0.00 - 2.84 2.84
new National Bank Agr. Rur. Devp 29/01/2020 Commercial Paper A1+ 0.00 - 2.84 2.84
new 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 2.14 2.14
equal 9.48% REC 2021 Bonds AAA 0.00 - 1.76 1.48
new Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 1.43 1.43
equal 7.03% LIC Housing Fin. 28/12/2021 Non Convertible Debenture AAA 0.00 - 1.42 1.42
equal Axis Bank 30/10/2020 Certificate of Deposit A1+ 0.00 - 1.36 1.36
equal Reserve Bank of India 364-D 09/01/2020 Treasury Bills SOV 0.00 - 0.57 0.56

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

— 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

Funds Managed:


0.02%

Change from previous, NAV as on 23-Jan-2020

Growth: ₹ 2,144.8185

Dividend Monthly: ₹ 1,060.1092


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
Exit Load 0

Basic Details

Fund House: Principal Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.51%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 70 Cr (As on 31-Dec-2019)
Expense: 0.32% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly17-Jan-20203.5737

 17-Dec-20193.3795
 15-Nov-20193.6998
 17-Oct-20194.3364
 17-Sep-20194.4428
 16-Aug-20194.3363
 17-Jul-20195.0038
 17-Jun-20195.1662
 17-May-20191.7056
 16-Aug-20184.6017
 17-Jul-20185.8809
 15-Jun-20184.9258
 17-May-20184.1643
 17-Apr-20185.3856
 16-Mar-20184.8734
 16-Feb-20184.3930
 17-Jan-20184.0359
 15-Dec-20173.4844
 17-Nov-20174.1069
 17-Oct-20174.3446
 15-Sep-20174.1173
 16-Aug-20174.1579
 17-Jul-20174.4791
 16-Jun-20174.6644
 17-May-20174.2805

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

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