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Unrated

PGIM India Ultra Short Term Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.04 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.

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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 2.78 0.02 0.07 0.23 0.87 1.79 3.57 7.90 6.65 6.69 7.37
CCIL T Bill Liquidity Weight* 1.62 -0.02 0.03 0.12 0.52 1.08 2.06 3.33 3.62 4.06 4.52
Debt: Ultra Short Duration* 2.86 0.02 0.07 0.33 0.94 1.93 3.59 5.55 5.65 6.40 7.50

As on 18-Oct-2021

* As on 19-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
PGIM India Ultra Short Term Fund - Regular Plan
Unrated
Oct-03 3.57 7.90 6.65 0.50% 695
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 4.15 6.85 6.96 0.48% 17,747
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.70 6.28 -- 0.64% 16,705
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 3.32 6.00 6.33 0.77% 12,698
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 3.47 6.12 6.48 0.49% 11,007

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 44.35 20-Sep-2019 - 27-Sep-2019 -30.11 12-Sep-2019 - 19-Sep-2019
Month 45.14 13-Sep-2019 - 15-Oct-2019 -28.94 27-Aug-2019 - 26-Sep-2019
Quarter 46.60 13-Sep-2019 - 13-Dec-2019 -26.24 27-Jun-2019 - 26-Sep-2019
Year 53.61 13-Sep-2019 - 14-Sep-2020 -21.05 12-Sep-2018 - 13-Sep-2019

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.72 2.11 1.79 4.59 2.77 5.46
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Ultra Short Duration 5.51 1.35 1.86 4.07 1.08 2.23

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

As on 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 31 33 20 39
Modified Duration (yrs) 0.45 0.45 0.26 0.40
Average Maturity (yrs) 0.47 0.47 0.27 0.45
Yield to Maturity (%) 3.83 3.94 3.57 4.30
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
new 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 7.35 7.35
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 6.57 6.32
new Aditya Birla Money 88-D 17/12/2021 Commercial Paper A1+ 0.00 - 5.70 5.70
equal 8.20% Power Finance Corporation 27/05/2022 Non Convertible Debenture AAA 0.00 - 5.37 5.16
up 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 5.07 5.07
equal 9.10% L&T Finance 13/04/2022 Non Convertible Debenture AAA 0.00 - 6.17 3.76
equal Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 4.80 3.70
new 7.61% Housing & Urban Development Corporation 22/06/2022 Debenture AAA 0.00 - 3.68 3.68
new 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 3.66 3.66
equal 9.75% REC 2021 Bonds AAA 0.00 - 8.03 3.62
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 4.78 3.61
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 3.69 3.57
equal ICICI Securities 180-D 12/01/2022 Commercial Paper A1+ 0.00 - 3.67 3.56
equal ICICI Securities 174-D 20/12/2021 Commercial Paper A1+ 0.00 - 3.68 3.56
equal SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 3.65 3.54
equal HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 3.65 3.53
equal LIC Housing Fin. 353-D 07/07/2022 Commercial Paper A1+ 0.00 - 3.23 2.79
equal Network 18 Media & Inv 320-D 14/03/2022 Commercial Paper A1+ 0.00 - 3.01 2.26
equal Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 2.72 2.14
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 2.21 2.14
new Export-Import Bank 181-D 30/03/2022 Certificate of Deposit A1+ 0.00 - 2.12 2.12
equal Axis Bank 28/04/2022 Certificate of Deposit A1+ 0.00 - 2.18 2.11
equal ICICI Securities 269-D 25/03/2022 Commercial Paper A1+ 0.00 - 2.13 1.83
equal 6.93% Ultratech Cement 25/11/2021 Debenture AAA 0.00 - 1.87 1.44
equal Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 1.48 1.43

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-Sep-2021

Fund Manager

— Kumaresh Ramakrishnan since 01-Jan-2011

Education: Mr. Ramakrishnan is a B.E from Mumbai University and MBA from NMIMS (Mumbai).

Experience: Prior to joining PGIM India Mutual Fund he has worked with DWS AMC, Societe Generale and CARE.

Funds Managed:

— Kunal Jain since 05-Jan-2018

Education: Mr. Jain is a B.Com and MBA (Marketing).

Experience: Prior to joining PGIM India Mutual Fund, he has worked with Indiabulls AMC Ltd. as Fund Manager, LIC Nomura AMC Ltd. as Fund manager and Kotak Mahindra AMC Ltd. as Fixed Income Dealer.

Funds Managed:


0.02%

Change from previous, NAV as on 18-Oct-2021

Growth: ₹ 33.9520

IDCW Weekly: ₹ 10.5031


Investment Strategy

The scheme aims to generate stable returns and provide liquidity by investing in a mix of short term debt and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 100
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 21-Oct-2003
Return Since Launch: 7.02%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 695 Cr (As on 30-Sep-2021)
Expense: 0.50% (As on 28-Feb-2017)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly14-Oct-20210.0086

 08-Oct-20210.0065
 01-Oct-20210.0048
 24-Sep-20210.0016
 17-Sep-20210.0063
 09-Sep-20210.0046
 03-Sep-20210.0097
 27-Aug-20210.0073
 20-Aug-20210.0088
 13-Aug-20210.0083
 06-Aug-20210.0061
 30-Jul-20210.0076
 23-Jul-20210.0081
 16-Jul-20210.0101
 09-Jul-20210.0084
 02-Jul-20210.0070
 25-Jun-20210.0067
 18-Jun-20210.0032
 11-Jun-20210.0087
 04-Jun-20210.0078
 28-May-20210.0061
 21-May-20210.0090
 14-May-20210.0054
 07-May-20210.0056
 30-Apr-20210.0097
IDCW Daily28-Jul-20190.0052

 27-Jul-20190.0053
 26-Jul-20190.0056
 25-Jul-20190.0050
 24-Jul-20190.0053
 23-Jul-20190.0050
 22-Jul-20190.0153
 19-Jul-20190.0050
 18-Jul-20190.0051
 17-Jul-20190.0051
 16-Jul-20190.0051
 15-Jul-20190.0155
 12-Jul-20190.0052
 11-Jul-20190.0050
 10-Jul-20190.0052
 09-Jul-20190.0053
 08-Jul-20190.0156
 05-Jul-20190.0053
 04-Jul-20190.0050
 03-Jul-20190.0056
 02-Jul-20190.0055
 01-Jul-20190.0161
 28-Jun-20190.0053
 27-Jun-20190.0053
 26-Jun-20190.0048
IDCW Monthly25-Jul-20190.0360

 28-Jun-20190.0360
 31-May-20190.0360
 26-Apr-20190.0360
 29-Mar-20190.0360
 22-Feb-20190.0360
 25-Jan-20190.0360
 28-Dec-20180.0360
 30-Nov-20180.0360
 26-Oct-20180.0360
 28-Sep-20180.0360
 31-Aug-20180.0360
 27-Jul-20180.0360
 29-Jun-20180.0360
 25-May-20180.0360
 27-Apr-20180.0360
 23-Mar-20180.0361
 23-Feb-20180.0361
 25-Jan-20180.0361
 29-Dec-20170.0361
 24-Nov-20170.0361
 27-Oct-20170.0361
 29-Sep-20170.0361
 24-Aug-20170.0361
 28-Jul-20170.0361
IDCW Quarterly26-Sep-20140.1948

 27-Jun-20140.1636
 28-Mar-20140.2182
 27-Dec-20130.1559
 27-Sep-20130.1559
 28-Jun-20130.1559
 26-Mar-20130.1762
 28-Dec-20120.1586
 28-Sep-20120.1586
 29-Jun-20120.1586

Contact Information

AMC: PGIM India Asset Management Pvt. Ltd.

Address: 4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (East), Mumbai - 400051

Phone: 022-61593000 / 1800-266-2667

Email: [email protected]

Website: https://www.pgimindiamf.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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