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2 star

Principal Low Duration Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. 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 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.

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 2.77 0.00 0.09 0.18 0.86 1.85 3.58 -0.60 2.18 3.99 5.51
CCIL T Bill Liquidity Weight 1.64 0.03 0.06 0.17 0.57 1.12 2.12 3.34 3.63 4.07 4.53
Debt: Low Duration 3.44 0.01 0.12 0.75 1.50 2.54 4.56 4.79 5.48 6.28 7.23
Rank within category 17 19 20 14 16 16 18 22 21 20 18
Number of funds in category 24 24 24 24 24 24 24 24 23 21 19

As on 14-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Principal Low Duration Fund
2 star
Sep-04 3.58 -0.60 2.18 0.54 58
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 5.11 7.57 7.34 0.52 28,496
HDFC Low Duration Fund  | Invest Online
4 star
Nov-99 4.62 7.03 6.71 1.04 22,082
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 4.02 6.93 6.75 1.22 17,539
Axis Treasury Advantage Fund
4 star
Oct-09 4.13 7.03 6.87 0.61 10,509

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 5.70 30-Jun-2020 - 07-Jul-2020 -16.55 28-May-2019 - 04-Jun-2019
Month 6.35 09-Jun-2020 - 09-Jul-2020 -16.58 10-May-2019 - 10-Jun-2019
Quarter 7.39 30-Apr-2020 - 31-Jul-2020 -15.95 11-Mar-2019 - 10-Jun-2019
Year 10.35 30-Apr-2020 - 30-Apr-2021 -15.63 30-Apr-2019 - 30-Apr-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 0.00 10.21 -0.39 -0.16 -3.79 -6.26
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Low Duration 4.96 4.36 1.42 2.87 -0.67 0.61
Rank within category 22 22 22 23 3 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 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 23 27 18 60
Modified Duration (yrs) 0.53 0.66 0.48 0.68
Average Maturity (yrs) 0.57 0.70 0.52 1.05
Yield to Maturity (%) 3.81 4.00 3.42 4.54
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
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 3.63 - 6.93 6.92
equal Axis Bank 22/10/2021 Certificate of Deposit A1+ 3.45 - 6.86 6.86
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 6.80 6.78
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 5.34 5.33
equal 7.02% Maharashtra State 27/09/2022 State Development Loan SOV 0.00 - 5.32 5.31
equal 6.55% National Housing Bank 17/04/2023 Debenture AAA 2.75 - 5.31 5.30
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 2.68 - 5.21 5.20
equal 8.91% West Bengal State 18/07/2022 State Development Loan SOV 0.00 - 5.03 5.01
equal NTPC 2023 Bonds AAA 2.40 - 4.57 4.55
equal 8.91% Gujarat State 22/08/2022 State Development Loan SOV 0.00 - 3.60 3.58
equal 8.15% GOI 2022 Central Government Loan SOV 0.00 - 3.55 3.54
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 3.53 3.52
new 7.78% LIC Housing Fin. 23/05/2022 Bonds/NCDs AAA 0.00 - 3.51 3.51
new 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 3.50 3.50
equal Indusind Bank 28/02/2022 Certificate of Deposit A1+ 0.00 - 3.39 3.39
down 8.35% GOI 2022 GOI Securities SOV 0.00 - 3.54 2.65
equal HDB Financial Services 29/10/2021 Bonds/NCDs AAA 0.00 - 2.25 2.25
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 0.00 - 1.76 1.75
equal 6.70% Indian Railway Finance Corporation 24/11/2021 Bonds/NCDs AAA 1.45 - 8.18 1.73
equal 9.75% REC 2021 Bonds AAA 0.00 - 1.74 1.73
new 6.93% Ultratech Cement 25/11/2021 Debenture AAA 0.00 - 1.73 1.73
new ICICI Securities 177-D 17/12/2021 Commercial Paper A1+ 0.00 - 1.71 1.71
equal Reserve Bank of India 91-D 14/10/2021 Treasury Bills SOV 0.00 - 1.00 1.00

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

— 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:


0.00%

Change from previous, NAV as on 14-Oct-2021

Growth: ₹ 2,785.2806

IDCW Weekly: ₹ 951.1070

More

IDCW Monthly: ₹ 1,078.6653

IDCW Daily: ₹ 950.9495


Investment Strategy

The scheme will maintain a judicious mix of cash, short term and medium term instruments.

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: 14-Sep-2004
Return Since Launch: 6.18%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 58 Cr (As on 30-Sep-2021)
Expense: 0.54% (As on 30-Sep-2021)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-May-20190.1587

 30-Apr-20190.6183
 26-Apr-20190.1322
 25-Apr-20190.0492
 24-Apr-20190.0072
 22-Apr-20190.0924
 16-Apr-20190.1286
 15-Apr-20190.1613
 29-Mar-20191.1379
 28-Mar-20190.2438
 27-Mar-20190.2565
 25-Mar-20190.4639
 22-Mar-20190.2486
 20-Mar-20190.0638
 19-Mar-20190.1154
 18-Mar-20190.5361
 15-Mar-20190.1725
 14-Mar-20190.5466
 13-Mar-20190.2034
 12-Mar-20190.2999
 11-Mar-20190.5914
 08-Mar-20190.2637
 07-Mar-20190.2211
 06-Mar-20190.2341
 05-Mar-20190.7363
IDCW Weekly30-Apr-20190.7996

 24-Apr-20190.0993
 16-Apr-20190.6740
 10-Apr-20190.5843
 03-Apr-20190.4131
 27-Mar-20190.9698
 20-Mar-20191.4362
 13-Mar-20191.5810
 06-Mar-20191.3924
 27-Feb-20190.8472
 20-Feb-20190.0086
 30-Jan-20190.8575
 23-Jan-20190.9109
 16-Jan-20191.2786
 09-Jan-20191.1566
 02-Jan-20191.3428
 26-Dec-20180.9094
 19-Dec-20181.6238
 12-Dec-20180.9231
 05-Dec-20181.6613
 28-Nov-20181.3023
 20-Nov-20181.1885
 14-Nov-20181.4974
 06-Nov-20180.9813
 31-Oct-20181.0629
IDCW Monthly16-Apr-20193.8128

 15-Mar-20195.6687
 15-Feb-20191.8970
 17-Jan-20196.1849
 17-Dec-20186.3540
 16-Nov-20185.8427
 17-Oct-20180.1432
 17-Sep-20180.7758
 16-Aug-20184.1638
 17-Jul-20186.6175
 15-Jun-20184.9089
 17-May-20181.2794
 17-Apr-20186.4181
 16-Mar-20185.6110
 16-Feb-20184.2640
 17-Jan-20183.2187
 15-Dec-20173.3862
 17-Nov-20173.7816
 17-Oct-20174.6953
 15-Sep-20174.7602
 16-Aug-20175.3136
 17-Jul-20175.5930
 16-Jun-20176.3843
 17-May-20173.9157
 17-Apr-20175.8482

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

Last Session

Investors' Hangout

Webinar: All about MF Central

DateThursday, 14-Oct-2021
Time12:30 PM - 01:00 PM

Registration Over