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2 star

Principal Short Term Debt Fund


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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.

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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 -1.08 -0.06 -0.21 -0.81 -0.83 1.38 7.03 4.19 5.49 6.45 7.21
CCIL T Bill Liquidity Weight 0.29 0.01 0.01 0.18 0.43 1.07 2.84 3.75 3.97 4.39 4.68
Debt: Short Duration -0.54 -0.04 -0.12 -0.40 -0.25 2.01 6.46 6.26 6.76 7.41 7.89
Rank within category 26 22 25 26 26 26 13 18 19 20 18
Number of funds in category 26 27 26 26 26 26 26 23 23 23 20

As on 26-Feb-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
2 star
May-03 7.03 4.19 5.49 1.03 158
ICICI Prudential Short Term Fund  | Invest Now
4 star
Oct-01 8.33 8.43 8.42 1.16 24,170
Kotak Bond - Short Term Regular Fund  | Invest Online
4 star
May-02 7.18 8.15 7.85 1.16 21,025
HDFC Short Term Debt Fund  | Invest Online
5 star
Jun-10 8.15 8.74 8.36 0.78 18,390
Axis Short Term Fund
4 star
Jan-10 7.97 8.46 8.13 1.01 15,694

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 7.40 03-Jul-2020 - 10-Jul-2020 -9.37 03-Jun-2019 - 10-Jun-2019
Month 8.87 10-Jun-2020 - 10-Jul-2020 -8.87 31-May-2019 - 01-Jul-2019
Quarter 11.24 30-Apr-2020 - 31-Jul-2020 -7.83 02-Apr-2019 - 02-Jul-2019
Year 13.23 07-Nov-2008 - 09-Nov-2009 -6.92 30-Apr-2019 - 30-Apr-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.77 7.91 0.01 0.01 -2.70 -2.45
CCIL T Bill Liquidity Weight 3.72 0.36 -2.62 -5.07 -- --
Debt: Short Duration 6.40 3.49 1.10 2.09 0.85 2.54
Rank within category 19 22 19 19 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 31-Jan-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 27 16 67
Modified Duration (yrs) 2.74 2.85 2.11 --
Average Maturity (yrs) 3.30 3.39 2.48 --
Yield to Maturity (%) 4.99 6.37 4.64 --
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
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 14.82 7.88
equal 6.45% Maharashtra State 14/10/2027 State Development Loan SOV 0.00 - 7.56 6.42
equal 8.25% IRFC 28/02/2024 Debenture AAA 3.49 - 6.97 5.89
equal 7.57% Ultratech Cement 2021 Debenture AAA 4.46 - 8.35 4.52
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 2.36 - 5.39 4.07
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 4.53 3.84
down 6.18% GOI 2024 GOI Securities SOV 0.00 - 10.11 3.64
equal 7.95% HDFC Bank 21/09/2026 Bonds/Debentures AAA 0.00 - 4.53 3.49
equal 7.60% ICICI Bank 2023 Bonds AAA 3.27 - 6.01 3.36
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 5.99 3.35
equal 7.99% Power Finance Corp. 20/12/2022 Debenture AAA 3.29 - 5.99 3.35
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 3.29 - 6.04 3.35
equal 7.05% Reliance Industries 13/09/2023 Debenture AAA 0.00 - 5.93 3.33
equal 7.35% HDFC 2025 Debenture AAA 3.21 - 5.91 3.33
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 3.23 - 5.89 3.31
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 3.90 3.30
equal 7.12% The Ramco Cements 18/06/2021 Debenture AA+ 3.14 - 5.76 3.21
equal 5.45% NTPC 15/10/2025 Debenture AAA 0.00 - 3.72 3.16
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 5.56 2.73
equal 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 3.61 2.65
equal 6.84% GOI 19/12/2022 GOI Securities SOV 1.85 - 7.03 2.63
new 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 6.16 2.54
down 5.15% GOI 2025 GOI Securities SOV 0.00 - 5.26 1.89
equal 6.45% GOI 2029 GOI Securities SOV 0.00 - 1.54 1.30
new 6.83% HDFC 2031 Debenture AAA 0.00 - 1.27 1.27

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-Jan-2021

Fund Manager

— Gurvinder Singh Wasan since 13-May-2011

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 26-Feb-2021

Growth: ₹ 34.0868

Dividend Monthly: ₹ 12.7079


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: 13-May-2003
Return Since Launch: 7.13%
Benchmark: CRISIL Short-Term Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 158 Cr (As on 31-Jan-2021)
Expense: 1.03% (As on 31-Jan-2021)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly17-Dec-20200.0550

 17-Nov-20200.0910
 16-Oct-20200.1178
 17-Jul-20200.3998
 17-May-20190.0392
 16-Apr-20190.0429
 15-Mar-20190.0792
 15-Feb-20190.0578
 17-Jan-20190.0789
 17-Dec-20180.0788
 16-Nov-20180.0630
 17-Oct-20180.0542
 17-Sep-20180.0149
 16-Aug-20180.0430
 17-Jul-20180.0721
 17-Apr-20180.0607
 16-Mar-20180.0626
 16-Feb-20180.0300
 17-Jan-20180.0134
 15-Dec-20170.0092
 17-Nov-20170.0114
 17-Oct-20170.0360
 15-Sep-20170.0404
 16-Aug-20170.0635
 17-Jul-20170.0618
Dividend Weekly22-Sep-20100.0100

 15-Sep-20100.0092
 08-Sep-20100.0140
 01-Sep-20100.0089
 25-Aug-20100.0111
 17-Aug-20100.0062
 11-Aug-20100.0105
 04-Aug-20100.0055
 28-Jul-20100.0003
 21-Jul-20100.0071
 14-Jul-20100.0067
 07-Jul-20100.0092
 29-Jun-20100.0089
 23-Jun-20100.0136
 16-Jun-20100.0067
 09-Jun-20100.0078
 02-Jun-20100.0118
 25-May-20100.0048
 19-May-20100.0073
 12-May-20100.0083
 05-May-20100.0122
 28-Apr-20100.0162
 21-Apr-20100.0180
 14-Apr-20100.0100
 07-Apr-20100.0131

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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