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2 star

Principal Short Term Debt Fund


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.30 Lakh

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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(₹)
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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 7.58 0.09 7.22 8.74 6.06 7.24 11.11 4.57 6.20 6.81 7.41
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 4.14 4.32 4.70 4.78
Debt: Short Duration 6.07 0.06 1.15 2.56 4.65 5.78 9.36 6.29 7.17 7.61 7.92
Rank within category 3 4 2 2 2 2 12 18 17 17 18
Number of funds in category 27 27 27 27 27 27 27 24 24 23 21

As on 09-Jul-2020

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 11.11 4.57 6.20 1.04 88
SBI Short Term Debt Fund
4 star
Jul-07 11.25 8.16 8.38 0.84 14,266
ICICI Prudential Short Term Fund  | Invest Now
4 star
Oct-01 11.48 8.15 8.71 1.51 13,649
IDFC Bond Fund Short Term Plan - Regular Plan
4 star
Dec-00 11.39 8.44 8.33 0.80 12,511
Kotak Bond - Short Term Regular Fund  | Invest Online
4 star
May-02 11.06 8.24 8.32 1.13 11,858

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.22 (24-Mar-2020 - 31-Mar-2020) -9.37 (03-Jun-2019 - 10-Jun-2019)
Month 3.28 (24-Mar-2020 - 23-Apr-2020) -8.87 (31-May-2019 - 01-Jul-2019)
Quarter 5.55 (07-Nov-2008 - 06-Feb-2009) -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 2.36 6.56 -0.45 -0.27 -1.10 -4.29
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Short Duration 5.74 3.41 0.64 1.42 1.21 1.92
Rank within category 24 22 23 23 2 25
Number of funds in category 26 26 26 26 26 26

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 26 16 61
Modified Duration (yrs) 2.44 2.61 1.82 --
Average Maturity (yrs) 2.96 3.24 2.30 --
Yield to Maturity (%) 5.63 7.62 5.63 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.18% GOI 2024 GOI Securities SOV 0.00 - 10.11 10.11
equal 7.57% Ultratech Cement 2021 Debenture AAA 4.76 - 8.35 8.20
equal 8.02% Export-Import Bank 29/10/2025 Bonds AAA 0.00 - 6.28 6.28
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 14.82 6.18
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 6.04 6.04
equal 7.60% ICICI Bank 2023 Bonds AAA 0.00 - 6.01 6.01
new 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 5.99 5.99
equal 7.99% Power Finance Corp. 20/12/2022 Debenture AAA 2.63 - 5.99 5.99
new 7.05% Reliance Industries 13/09/2023 Debenture AAA 0.00 - 5.93 5.93
equal 7.35% HDFC 2025 Debenture AAA 0.00 - 5.91 5.91
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 5.89 5.89
equal 8.10% NTPC 27/05/2021 Bonds AAA 4.71 - 10.73 5.88
equal 7.12% The Ramco Cements 18/06/2021 Debenture AA+ 0.00 - 5.76 5.76
equal 8.25% IRFC 28/02/2024 Debenture AAA 3.49 - 7.04 5.62
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 5.45 3.68
equal 6.84% GOI 19/12/2022 GOI Securities SOV 1.31 - 2.96 2.96

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-Jun-2020

*As on 31-May-2020

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:


0.09%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 33.6059

Dividend Monthly: ₹ 13.1868


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: 13-May-2003
Return Since Launch: 7.31%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 88 Cr (As on 30-Jun-2020)
Expense: 1.04% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly17-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
 16-Jun-20170.1010
 17-May-20170.0417
 17-Apr-20170.0812
 17-Mar-20170.0071
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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