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2 star

Principal Ultra Short Term Fund


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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 2.47 0.01 0.05 0.25 0.58 1.34 2.68 4.57 4.17 5.39 6.67
CCIL T Bill Liquidity Weight 1.85 0.00 0.04 0.19 0.43 1.06 2.01 3.22 3.53 3.99 4.48
Debt: Ultra Short Duration 3.11 0.01 0.06 0.29 0.73 1.74 3.35 5.28 5.51 6.27 7.43
Rank within category 21 15 22 21 21 22 21 16 12 12 --
Number of funds in category 25 26 26 26 26 26 25 18 13 13 11

As on 02-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Principal Ultra Short Term Fund
2 star
Dec-07 2.68 4.57 4.17 1.05% 175
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 3.93 6.62 6.77 0.48% 17,500
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.56 6.07 -- 0.64% 16,432
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 3.19 5.77 6.19 0.77% 13,153
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 3.38 5.88 6.38 0.49% 11,569

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.58 24-Mar-2020 - 31-Mar-2020 -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 4.48 0.60 1.16 3.37 1.19 1.42
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Ultra Short Duration 5.22 1.35 1.71 4.14 1.06 2.08
Rank within category 18 2 14 14 10 15
Number of funds in category 20 20 20 20 20 20

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 32 35 26 41
Modified Duration (yrs) 0.24 0.36 0.22 --
Average Maturity (yrs) 0.25 0.38 0.23 --
Yield to Maturity (%) 3.78 3.78 3.17 --
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
up 8.79% GOI 2021 Central Government Loan SOV 0.00 - 11.00 10.27
up 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 5.77 5.77
equal Indusind Bank 28/02/2022 Certificate of Deposit A1+ 0.00 - 7.42 4.50
new 8.40% Power Grid Corporation 27/05/2022 Debenture AAA 0.00 - 2.91 2.91
new 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 0.00 - 2.91 2.91
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 4.81 2.90
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 4.80 2.90
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 4.82 2.90
new 8.95% Maharashtra State 2022 State Development Loan SOV 0.00 - 2.90 2.90
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 4.79 2.89
equal 8.79% Maharashtra State 21/12/2021 State Development Loan SOV 0.00 - 4.76 2.87
equal Axis Finance 168-D 18/11/2021 Commercial Paper A1+ 0.00 - 4.68 2.84
new Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 2.84 2.84
new Reserve Bank of India 91-D 27/01/2022 Treasury Bills SOV 0.00 - 2.83 2.83
new Astec Lifesciences 64-D 28/12/2021 Commercial Paper A1+ 0.00 - 2.83 2.83
new Reserve Bank of India 182-D 21/04/2022 Treasury Bills SOV 0.00 - 2.80 2.80
equal 9.75% REC 2021 Bonds AAA 2.03 - 3.79 2.28
equal 6.70% Indian Railway Finance Corporation 24/11/2021 Bonds/NCDs AAA 1.57 - 3.78 2.28
equal 7.24% Indian Railway Finance Corporation 2021 Bonds AAA 2.00 - 3.78 2.28
new 8.13% GOI 21/09/2022 Central Government Loan SOV 0.00 - 1.77 1.77
equal 8.91% Gujarat State 22/08/2022 State Development Loan SOV 0.00 - 2.94 1.77
equal 7.78% LIC Housing Fin. 23/05/2022 Bonds/NCDs AAA 0.00 - 2.88 1.74
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 0.00 - 2.88 1.74
equal 7.65% Grasim Industries 15/04/2022 Debenture AAA 0.00 - 2.87 1.73
equal 7.14% REC 2021 Bonds AAA 1.50 - 2.84 1.72

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-Oct-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:


0.01%

Change from previous, NAV as on 02-Dec-2021

Growth: ₹ 2,216.1300

IDCW Weekly: ₹ 1,018.9633

More

IDCW Monthly: ₹ 1,059.7837

IDCW 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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Principal Mutual Fund
Launch Date: 28-Dec-2007
Return Since Launch: 6.65%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 175 Cr (As on 31-Oct-2021)
Expense: 1.05% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily01-Dec-20210.0453

 30-Nov-20210.1023
 29-Nov-20210.2186
 26-Nov-20210.0725
 25-Nov-20210.0504
 23-Nov-20210.0086
 22-Nov-20210.3008
 18-Nov-20210.0093
 17-Nov-20210.0354
 16-Nov-20210.1174
 15-Nov-20210.2414
 12-Nov-20210.0990
 11-Nov-20210.0822
 10-Nov-20210.1303
 09-Nov-20210.2228
 08-Nov-20210.5697
 03-Nov-20210.1444
 02-Nov-20210.0856
 01-Nov-20210.1494
 29-Oct-20210.0670
 28-Oct-20210.0022
 25-Oct-20210.1706
 22-Oct-20210.0566
 21-Oct-20210.0606
 20-Oct-20210.0508
IDCW Weekly24-Nov-20210.3332

 17-Nov-20210.6656
 10-Nov-20210.8847
 27-Oct-20210.2363
 20-Oct-20210.3093
 13-Oct-20210.7891
 06-Oct-20210.4768
 29-Sep-20210.1739
 22-Sep-20210.2550
 15-Sep-20210.3998
 08-Sep-20210.4666
 01-Sep-20210.6366
 25-Aug-20210.5925
 18-Aug-20210.6485
 11-Aug-20210.5699
 04-Aug-20210.5101
 28-Jul-20210.5750
 20-Jul-20210.5271
 14-Jul-20210.6762
 07-Jul-20210.6487
 30-Jun-20210.7437
 23-Jun-20210.9478
 16-Jun-20210.3074
 09-Jun-20210.4705
 02-Jun-20210.4274
IDCW Monthly17-Nov-20212.6042

 14-Oct-20211.5780
 17-Sep-20212.4671
 17-Aug-20212.7498
 16-Jul-20212.6531
 17-Jun-20212.3140
 17-May-20212.7148
 16-Apr-20213.0984
 17-Mar-20211.8513
 17-Feb-20212.3693
 15-Jan-20211.6954
 17-Dec-20201.9664
 17-Nov-20202.6445
 16-Oct-20203.3566
 17-Sep-20202.0259
 17-Aug-20202.1919
 17-Jul-20204.0080
 17-Jun-20205.1367
 15-May-20204.5975
 17-Apr-20205.1510
 17-Mar-20201.3937
 17-Feb-20203.9307
 17-Jan-20203.0358
 17-Dec-20192.8550
 15-Nov-20193.2383

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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