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Principal Ultra Short Term Fund


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.36 0.02 0.12 0.44 1.23 2.80 6.35 4.58 6.07 7.07 --
CCIL T Bill Liquidity Weight 0.24 0.00 0.07 0.28 0.84 1.91 4.21 4.15 4.45 4.78 --
Debt: Ultra Short Duration 0.24 0.02 0.12 0.34 1.21 3.15 6.58 6.19 7.01 7.87 --
Rank within category 20 14 14 22 22 20 18 15 14 -- --
Number of funds in category 28 28 28 28 27 26 24 17 17 15 12

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.36 (12-May-2008 - 19-May-2008) -3.48 (18-Sep-2018 - 25-Sep-2018)
Month 1.00 (08-Aug-2013 - 09-Sep-2013) -5.17 (27-Aug-2018 - 26-Sep-2018)
Quarter 2.85 (24-Jul-2013 - 23-Oct-2013) -4.09 (02-Aug-2018 - 01-Nov-2018)
Year 10.23 (24-Jul-2013 - 24-Jul-2014) 0.52 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.59 3.26 -0.35 -0.10 3.24 4.19
CCIL T Bill Liquidity Weight 4.08 0.26 -6.21 -10.52 -- --
Debt: Ultra Short Duration 6.27 1.54 1.59 3.37 1.45 2.93
Rank within category 16 16 16 16 18 5
Number of funds in category 19 19 19 19 19 19

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 21 23 11 40
Modified Duration (yrs) 0.44 0.44 0.20 0.36
Average Maturity (yrs) 0.48 0.48 0.22 0.44
Yield to Maturity (%) 5.75 7.80 5.41 6.22

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new National Housing Bank 22/02/2022 Non Convertible Debenture AAA 0.00 - 7.20 7.20
new 7.05% Power Finance Corp. 15/05/2020 Debenture AAA 0.00 - 7.17 7.17
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 8.30 7.07
new ICICI Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 6.75 6.75
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 6.64 5.66
up 7.74% Bajaj Finance 30/06/2020 Debenture AAA 0.00 - 4.60 4.60
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 5.19 4.36
equal 7.14% REC 2021 Bonds AAA 0.00 - 5.07 4.30
new Vardhman Special Steels 58-D 13/02/2020 Commercial Paper A1+ 0.00 - 4.25 4.25
equal AU Small Finance Bank 29/05/2020 Certificate of Deposit A1+ 0.00 - 4.17 4.17
equal 6.78% Reliance Industries 16/09/2020 Non Convertible Debenture AAA 0.00 - 4.58 3.87
equal 8.93% Power Grid Corporation 20/10/2020 Bonds AAA 0.00 - 3.48 2.91
equal 8.51% HDFC 15/07/2020 Non Convertible Debenture AAA 0.00 - 3.44 2.88
new National Bank Agr. Rur. Devp 29/01/2020 Commercial Paper A1+ 0.00 - 2.84 2.84
new SIDBI 28/01/2020 Commercial Paper A1+ 0.00 - 2.84 2.84
new 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 2.14 2.14
equal 9.48% REC 2021 Bonds AAA 0.00 - 1.76 1.48
new Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 1.43 1.43
equal 7.03% LIC Housing Fin. 28/12/2021 Non Convertible Debenture AAA 0.00 - 1.42 1.42
equal Axis Bank 30/10/2020 Certificate of Deposit A1+ 0.00 - 1.36 1.36
equal Reserve Bank of India 364-D 09/01/2020 Treasury Bills SOV 0.00 - 0.57 0.56

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-Dec-2019

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

Funds Managed:


0.02%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 2,085.9638

Dividend Weekly: ₹ 1,019.2889

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Dividend Monthly: ₹ 1,060.1411

Dividend Daily: ₹ 1,005.4300


Investment Strategy

The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 2,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Principal Mutual Fund
Launch Date: 28-Dec-2007
Return Since Launch: 7.30%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 70 Cr (As on 31-Dec-2019)
Expense: 1.15% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Jan-20200.1473

 23-Jan-20200.1561
 22-Jan-20200.1576
 21-Jan-20200.1456
 20-Jan-20200.2893
 17-Jan-20200.1084
 16-Jan-20200.0853
 15-Jan-20200.0423
 13-Jan-20200.2258
 10-Jan-20200.0548
 09-Jan-20200.1425
 08-Jan-20200.1281
 07-Jan-20200.1240
 06-Jan-20200.2703
 03-Jan-20200.1708
 02-Jan-20200.1836
 01-Jan-20200.1819
 31-Dec-20190.0685
 30-Dec-20190.2534
 27-Dec-20190.1207
 26-Dec-20190.0915
 24-Dec-20190.0001
 23-Dec-20190.3089
 20-Dec-20190.1189
 19-Dec-20190.0941
Dividend Weekly22-Jan-20200.8061

 15-Jan-20200.4701
 08-Jan-20200.8827
 01-Jan-20200.7325
 24-Dec-20190.5270
 18-Dec-20190.6612
 11-Dec-20190.2090
 04-Dec-20190.7356
 27-Nov-20190.7187
 20-Nov-20190.8257
 13-Nov-20190.7117
 06-Nov-20190.6932
 30-Oct-20190.8215
 23-Oct-20190.6795
 16-Oct-20191.0762
 09-Oct-20191.0156
 01-Oct-20191.1671
 25-Sep-20190.1778
 18-Sep-20190.5631
 11-Sep-20190.7044
 04-Sep-20190.9035
 28-Aug-20191.0895
 21-Aug-20190.9834
 14-Aug-20190.5061
 07-Aug-20191.1853
Dividend Monthly17-Jan-20203.0358

 17-Dec-20192.8550
 15-Nov-20193.2383
 17-Oct-20193.8616
 17-Sep-20193.9272
 16-Aug-20193.8261
 17-Jul-20194.4616
 17-Jun-20191.4418
 16-Aug-20184.0342
 17-Jul-20185.2741
 15-Jun-20184.3769
 17-May-20183.6303
 17-Apr-20184.7788
 16-Mar-20184.3998
 16-Feb-20183.9960
 17-Jan-20183.5838
 15-Dec-20173.1010
 17-Nov-20173.6814
 17-Oct-20173.6776
 15-Sep-20173.4849
 16-Aug-20173.5259
 17-Jul-20173.8250
 16-Jun-20174.0313
 17-May-20173.6482
 17-Apr-20174.2853

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: www.principalindia.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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