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PGIM India Low Duration Fund - Institutional Plan

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Debt: Low Duration

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1 Lakh

Investment Grown to
₹ 1.03 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 2.90 0.02 0.04 0.25 0.57 1.36 3.25 -1.32 1.34 3.19 4.88
CCIL T Bill Liquidity Weight 1.83 -0.01 0.04 0.16 0.45 1.05 1.96 3.23 3.54 3.99 4.49
Debt: Low Duration 3.78 0.02 0.04 0.28 1.26 2.29 4.15 4.54 5.31 6.15 7.14

As on 29-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
PGIM India Low Duration Fund - Institutional Plan
Unrated
 Jan-08 3.25 -1.32 1.34 1.18% 87
ICICI Prudential Savings Fund  | Invest Now
5 star
 Sep-02 4.36 7.28 7.10 0.52% 31,730
HDFC Low Duration Fund  | Invest Online
4 star
 Nov-99 3.96 6.78 6.50 1.04% 21,669
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
 May-98 3.51 6.66 6.57 1.23% 17,415
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
 Mar-08 3.52 6.78 6.83 1.11% 11,005

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 7.15 26-Sep-2019 - 03-Oct-2019 -16.46 03-Jun-2019 - 10-Jun-2019
Month 7.71 25-Sep-2019 - 25-Oct-2019 -16.04 10-May-2019 - 10-Jun-2019
Quarter 8.94 26-Sep-2019 - 26-Dec-2019 -15.32 14-Mar-2019 - 13-Jun-2019
Year 10.44 14-Oct-2011 - 15-Oct-2012 -15.24 21-Sep-2018 - 23-Sep-2019

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -0.69 9.61 -0.47 -0.15 -0.82 -5.06
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Low Duration 4.81 4.37 1.35 2.83 -0.65 0.54

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

As on 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 17 17 9 60
Modified Duration (yrs) 0.48 0.92 0.38 --
Average Maturity (yrs) 0.51 0.98 0.41 --
Yield to Maturity (%) 4.17 5.09 4.07 --
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 8.20% Power Finance Corporation 27/05/2022 Non Convertible Debenture AAA 0.00 - 9.00 8.26
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 8.96 8.23
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 7.69 7.06
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 21.19 5.94
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 8.17 5.87
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 6.09 5.80
new Infina Finance Commercial Paper A1+ 0.00 - 5.76 5.76
equal LIC Housing Fin. 353-D 07/07/2022 Commercial Paper A1+ 0.00 - 7.67 5.60
equal 9.10% L&T Finance 13/04/2022 Non Convertible Debenture AAA 0.00 - 9.49 5.29
equal 8.62% Food Corporation of India 22/03/2023 Bonds AAA 0.00 - 4.46 4.24
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 3.86 3.54
equal 9.55% Hindalco Inds. 25/04/2022 Bonds/NCDs AA+ 0.00 - 3.31 2.36
equal ICICI Securities 269-D 25/03/2022 Commercial Paper A1+ 0.00 - 3.11 2.27
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 0.00 - 1.92 1.17
equal 9.00% Indostar Capital Finance 2023 Debenture AA- 0.00 - 1.92 1.16
equal 9.35% REC 15/06/2022 Bonds AAA 0.59 - 1.07 0.59
equal 7.35% Bharat Petroleum Corporation 2022 Bonds AAA 0.00 - 8.96 0.58

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

— Kumaresh Ramakrishnan since 01-Aug-2008

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:

0.02%

Change from previous, NAV as on 29-Nov-2021

Growth: ₹ 21.5098

IDCW Weekly: ₹ 9.3243

More

IDCW Monthly: ₹ 9.9261

IDCW Daily: ₹ 9.2858

Investment Strategy

The Scheme seeks to generate income through investment primarily in low duration debt & money market securities.

Investment Details

Minimum Investment (₹) 5,00,00,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 10-Jan-2008
Return Since Launch: 5.67%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 87 Cr (As on 31-Oct-2021)
Expense: 1.18% (As on 28-Feb-2017)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily03-Jun-20190.0090

 31-May-20190.0023
 29-May-20190.0020
 28-May-20190.0034
 27-May-20190.0104
 24-May-20190.0026
 23-May-20190.0036
 22-May-20190.0030
 10-May-20190.0023
 09-May-20190.0028
 08-May-20190.0030
 07-May-20190.0028
 16-Apr-20190.0017
 15-Apr-20190.0050
 12-Apr-20190.0014
 11-Apr-20190.0013
 10-Apr-20190.0024
 09-Apr-20190.0011
 08-Apr-20190.0045
 31-Mar-20190.0037
 29-Mar-20190.0059
 25-Mar-20190.0052
 22-Mar-20190.0031
 20-Mar-20190.0004
 19-Mar-20190.0020
IDCW Monthly31-May-20190.0432

 26-Apr-20190.0432
 29-Mar-20190.0432
 22-Feb-20190.0432
 25-Jan-20190.0432
 28-Dec-20180.0432
 30-Nov-20180.0432
 26-Oct-20180.0432
 28-Sep-20180.0432
 31-Aug-20180.0432
 27-Jul-20180.0432
 29-Jun-20180.0432
 25-May-20180.0432
 27-Apr-20180.0432
 23-Mar-20180.0433
 23-Feb-20180.0433
 25-Jan-20180.0433
 29-Dec-20170.0433
 24-Nov-20170.0433
 27-Oct-20170.0433
 29-Sep-20170.0433
 24-Aug-20170.0469
 28-Jul-20170.0469
 30-Jun-20170.0469
 26-May-20170.0469
IDCW Weekly31-May-20190.0182

 24-May-20190.0093
 10-May-20190.0153
 18-Apr-20190.0024
 12-Apr-20190.0114
 05-Apr-20190.0030
 29-Mar-20190.0112
 22-Mar-20190.0094
 15-Mar-20190.0167
 08-Mar-20190.0126
 01-Mar-20190.0101
 22-Feb-20190.0199
 15-Feb-20190.0117
 08-Feb-20190.0150
 01-Feb-20190.0048
 25-Jan-20190.0112
 18-Jan-20190.0120
 11-Jan-20190.0079
 04-Jan-20190.0148
 28-Dec-20180.0119
 21-Dec-20180.0148
 14-Dec-20180.0125
 07-Dec-20180.0138
 30-Nov-20180.0139
 22-Nov-20180.0107
IDCW Fortnightly19-Mar-20110.0294

 05-Mar-20110.0279
 19-Feb-20110.0266
 05-Feb-20110.0263
 22-Jan-20110.0247
 08-Jan-20110.0248
 25-Dec-20100.0222
 11-Dec-20100.0186
 27-Nov-20100.0203
 13-Nov-20100.0205
 30-Oct-20100.0204
 16-Oct-20100.0186
 02-Oct-20100.0192
 18-Sep-20100.0201
 04-Sep-20100.0196
 21-Aug-20100.0178
 14-Aug-20100.0092
 07-Aug-20100.0197
 24-Jul-20100.0201
 09-Jul-20100.0195
 25-Jun-20100.0192
 11-Jun-20100.0188
 28-May-20100.0176
 14-May-20100.0177
 30-Apr-20100.0165

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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