1 Lakh
Investment declined to₹ 10000
Monthly SIP Grown toSuitability:
Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.
Taxability of earnings:
Capital gains
Dividends
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| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.68 | 0.03 | 0.39 | 0.54 | 2.90 | 6.21 | -2.26 | 2.30 | 4.73 | -- | -- |
| CCIL T Bill Liquidity Weight | 0.28 | 0.01 | -0.01 | 0.20 | 0.45 | 1.09 | 2.87 | 3.74 | 3.97 | -- | -- |
| Debt: Credit Risk | 0.42 | 0.01 | 0.04 | 0.15 | 1.01 | 4.02 | -0.19 | 1.30 | 3.80 | -- | -- |
| Rank within category | 1 | 5 | 1 | 3 | 1 | 2 | 13 | 10 | 9 | -- | -- |
| Number of funds in category | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 16 | 15 | 6 | 4 |
As on 25-Feb-2021
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
|---|---|---|---|---|---|---|---|
| PGIM India Credit Risk Fund - Regular Plan |  |
Sep-14 | -2.26 | 2.30 | 4.73 | 1.76 | 48 |
| ICICI Prudential Credit Risk Fund | Invest Now |  |
Dec-10 | 7.83 | 8.46 | 8.55 | 1.59 | 7,007 |
| HDFC Credit Risk Debt Fund - Regular Plan | Invest Online | |
Mar-14 | 8.87 | 8.33 | 8.45 | 1.71 | 6,848 |
| SBI Credit Risk Fund | Invest Online |  |
Jul-04 | 7.39 | 7.21 | 7.75 | 1.55 | 3,632 |
| Kotak Credit Risk Fund Regular Plan | Invest Online | |
May-10 | 4.35 | 6.98 | 7.59 | 1.75 | 1,850 |
| Best Performance | Worst Performance | |||
|---|---|---|---|---|
| Return (%) | Period | Return (%) | Period | |
| Week | 5.26 | 26-Sep-2019 - 03-Oct-2019 | -6.92 | 04-Mar-2020 - 11-Mar-2020 |
| Month | 6.05 | 25-Sep-2019 - 25-Oct-2019 | -8.09 | 25-Feb-2020 - 26-Mar-2020 |
| Quarter | 6.76 | 24-Sep-2019 - 24-Dec-2019 | -8.20 | 26-Feb-2020 - 27-May-2020 |
| Year | 11.98 | 01-Oct-2014 - 01-Oct-2015 | -5.59 | 30-Apr-2019 - 30-Apr-2020 |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Fund | 2.20 | 5.08 | -0.49 | -0.35 | -3.53 | -5.81 |
| CCIL T Bill Liquidity Weight | 3.72 | 0.36 | -2.62 | -5.07 | -- | -- |
| Debt: Credit Risk | 1.63 | 6.69 | 0.12 | 0.28 | -3.25 | -6.11 |
| Rank within category | 11 | 11 | 11 | 13 | 4 | 12 |
| Number of funds in category | 16 | 16 | 16 | 16 | 16 | 16 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Jan-2021
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Number of Securities | 12 | 21 | 11 | 28 |
| Modified Duration (yrs) | 0.58 | 1.58 | 0.58 | -- |
| Average Maturity (yrs) | 0.66 | 1.85 | 0.66 | -- |
| Yield to Maturity (%) | 13.51 | 13.70 | 9.05 | -- |
| Avg Credit Rating | AA | -- | -- | -- |
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| Company | Instrument | Credit Rating | 1Y Range | % Assets | |
|---|---|---|---|---|---|
|
10.25% SD Corporation 17/04/2021 | Debenture | A- | 0.00 - 22.43 | 22.43 |
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9.50% Nirma | Non Convertible Debenture | AA- | 7.60 - 34.63 | 20.64 |
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10.50% Sunny View Estates 2021 | Debenture | BBB | 0.00 - 17.84 | 17.84 |
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8.28% Oriental Nagpur Betul Highway 30/09/2021 | Debenture | AAA | 1.53 - 10.51 | 10.51 |
|
Reserve Bank of India 364-D 25/03/2021 | Treasury Bills | SOV | 0.00 - 10.32 | 10.32 |
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9.35% REC 15/06/2022 | Bonds | AAA | 0.00 - 9.90 | 9.90 |
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9.47% Shriram Transport Finance 2021 | Non Convertible Debenture | AA+ | 2.36 - 7.27 | 7.27 |
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5.09% GOI 13/04/2022 | GOI Securities | SOV | 0.00 - 2.10 | 2.10 |
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7.67% L&T Infrastructre Finance 18/03/2022 | Non Convertible Debenture | AAA | 0.00 - 1.69 | 1.69 |
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Canara Bank | Debenture | AA | 0.00 - 0.43 | 0.43 |
|
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11.25% Hansdeep Industries & Trading 2021 | Structured Obligation | AA | 0.00 - 0.42 | 0.42 |
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10.75% Dewan Housing Fin. Corpn. | Debenture | D | 0.00 - 0.00 | 0.00 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jan-2021
— Kumaresh Ramakrishnan since 08-Mar-2016
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:
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The Scheme seek to generate income and capital appreciation by investing predominantly in AA and below rated corporate debt (excluding AA+ rated corporate bonds).
| Minimum Investment (₹) | 5,000 |
| Minimum Addl Investment (₹) | 1,000 |
| Minimum SIP Investment (₹) | 1,000 |
| Minimum No of Cheques | 5 |
| Minimum Withdrawal (₹) | 1,000 |
| Minimum Balance (₹) | 1 |
| Lock-in Period | Not Applicable |
| Exit Load | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
| Fund House: | PGIM India Mutual Fund |
| Launch Date: | 29-Sep-2014 |
| Return Since Launch: | 6.03% |
| Benchmark: | NIFTY Credit Risk Bond TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | ₹ 48 Cr (As on 31-Jan-2021) |
| Expense: | 1.76% (As on 31-Jan-2021) |
| Risk Grade: | Above Average |
| Return Grade: | Below Average |
| Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yearly | 27-Mar-2020 | 0.5042 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Dividend Monthly | 28-Feb-2020 | 0.0486 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Dividend Quarterly | 26-Dec-2019 | 0.1008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Dividend | 28-Jun-2019 | 0.1945 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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AMC: PGIM India Asset Management Pvt. Ltd.
Address: 2nd Floor - Nirlon House, Dr. Annie Besant Road, Worli, Mumbai - 400030
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
Friday, 26-Feb-2021
12:30 PM - 01:00 PM