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5 star

PGIM India Ultra Short Term Fund

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Debt: Ultra Short Duration

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1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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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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 2.97 0.02 0.06 0.29 0.72 1.63 3.24 7.75 7.47 7.85 8.44
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: Ultra Short Duration 3.20 0.02 0.05 0.29 0.86 1.85 3.45 5.34 5.52 6.30 7.42
Rank within category 15 14 16 17 17 17 13 1 1 1 1
Number of funds in category 27 28 28 28 28 28 27 20 14 14 12

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 Ultra Short Term Fund  | Invest Online
5 star
 Jul-08 3.24 7.75 7.47 0.80% 712
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
 Nov-01 3.89 6.63 6.79 0.48% 17,500
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
 Sep-18 3.52 6.07 -- 0.64% 16,432
Kotak Savings Fund Regular Plan  | Invest Online
4 star
 Aug-04 3.16 5.78 6.20 0.77% 13,153
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
 May-99 3.33 5.90 6.39 0.49% 11,569

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 44.34 20-Sep-2019 - 27-Sep-2019 -30.11 12-Sep-2019 - 19-Sep-2019
Month 45.13 13-Sep-2019 - 15-Oct-2019 -28.95 27-Aug-2019 - 26-Sep-2019
Quarter 46.59 13-Sep-2019 - 13-Dec-2019 -25.93 27-Jun-2019 - 26-Sep-2019
Year 53.38 13-Sep-2019 - 14-Sep-2020 -20.40 12-Sep-2018 - 13-Sep-2019

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.70 2.21 1.73 4.66 3.09 5.73
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Ultra Short Duration 5.36 1.36 1.75 4.03 1.09 2.16
Rank within category 1 16 12 12 20 1
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 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 30 33 22 41
Modified Duration (yrs) 0.26 0.45 0.26 --
Average Maturity (yrs) 0.28 0.47 0.27 --
Yield to Maturity (%) 3.91 3.94 3.57 --
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 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 7.35 7.16
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 6.57 6.15
equal Aditya Birla Money 88-D 17/12/2021 Commercial Paper A1+ 0.00 - 5.70 5.59
equal 8.20% Power Finance Corporation 27/05/2022 Non Convertible Debenture AAA 0.00 - 5.37 5.02
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 5.07 4.94
new Infina Finance Commercial Paper A1+ 0.00 - 4.21 4.21
equal 9.10% L&T Finance 13/04/2022 Non Convertible Debenture AAA 0.00 - 6.17 3.65
equal Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 4.80 3.62
equal 7.61% Housing & Urban Development Corporation 22/06/2022 Debenture AAA 0.00 - 3.68 3.58
new 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 0.00 - 3.57 3.57
equal 9.75% REC 2021 Bonds AAA 0.00 - 8.03 3.52
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 4.78 3.52
new Indian Oil Corporation Commercial Paper A1+ 0.00 - 3.50 3.50
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 3.69 3.50
equal ICICI Securities 180-D 12/01/2022 Commercial Paper A1+ 0.00 - 3.67 3.48
equal HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 3.65 3.46
equal SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 3.65 3.46
down 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 3.66 2.84
equal LIC Housing Fin. 353-D 07/07/2022 Commercial Paper A1+ 0.00 - 3.23 2.72
equal Network 18 Media & Inv 320-D 14/03/2022 Commercial Paper A1+ 0.00 - 3.01 2.21
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 2.21 2.10
equal Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 2.72 2.10
equal ICICI Securities 269-D 25/03/2022 Commercial Paper A1+ 0.00 - 2.13 1.79
new 8.96% Punjab State 2022 State Development Loan SOV 0.00 - 1.57 1.57
equal 6.93% Ultratech Cement 25/11/2021 Debenture AAA 0.00 - 1.87 1.41

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-Jan-2011

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:

— Kunal Jain since 05-Jan-2018

Education: Mr. Jain is a B.Com and MBA (Marketing).

Experience: Prior to joining PGIM India Mutual Fund, he has worked with Indiabulls AMC Ltd. as Fund Manager, LIC Nomura AMC Ltd. as Fund manager and Kotak Mahindra AMC Ltd. as Fixed Income Dealer.

Funds Managed:

Invest Online
0.02%

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

Growth: ₹ 27.6444

IDCW Weekly: ₹ 10.0792

More

IDCW Monthly: ₹ 12.5025

IDCW Daily: ₹ 10.0203

Investment Strategy

The scheme aims to generate stable returns and provide liquidity by investing in a mix of short term debt and money market instruments.

Investment Details

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 0

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 03-Jul-2008
Return Since Launch: 8.11%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 712 Cr (As on 31-Oct-2021)
Expense: 0.80% (As on 31-Oct-2021)
Risk Grade: High
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily26-Nov-20210.0011

 25-Nov-20210.0009
 24-Nov-20210.0005
 23-Nov-20210.0008
 22-Nov-20210.0034
 18-Nov-20210.0008
 17-Nov-20210.0009
 16-Nov-20210.0010
 15-Nov-20210.0023
 12-Nov-20210.0010
 11-Nov-20210.0007
 10-Nov-20210.0009
 09-Nov-20210.0022
 08-Nov-20210.0058
 03-Nov-20210.0016
 02-Nov-20210.0007
 01-Nov-20210.0018
 29-Oct-20210.0003
 25-Oct-20210.0006
 22-Oct-20210.0007
 21-Oct-20210.0007
 20-Oct-20210.0011
 18-Oct-20210.0023
 14-Oct-20210.0008
 13-Oct-20210.0015
IDCW Monthly26-Nov-20210.0430

 29-Oct-20210.0440
 24-Sep-20210.0440
 27-Aug-20210.0440
 30-Jul-20210.0440
 25-Jun-20210.0440
 28-May-20210.0440
 30-Apr-20210.0440
 26-Mar-20210.0440
 26-Feb-20210.0440
 29-Jan-20210.0440
 24-Dec-20200.0440
 27-Nov-20200.0440
 29-Oct-20200.0440
 25-Sep-20200.0540
 28-Aug-20200.0540
 31-Jul-20200.0540
 30-Jun-20200.0600
 29-May-20200.0600
 24-Apr-20200.0550
 27-Mar-20200.0432
 28-Feb-20200.0396
 31-Jan-20200.0396
 27-Dec-20190.0432
 29-Nov-20190.0432
IDCW Weekly26-Nov-20210.0067

 18-Nov-20210.0050
 12-Nov-20210.0106
 03-Nov-20210.0041
 29-Oct-20210.0010
 22-Oct-20210.0048
 14-Oct-20210.0079
 08-Oct-20210.0059
 01-Oct-20210.0042
 24-Sep-20210.0012
 17-Sep-20210.0057
 09-Sep-20210.0042
 03-Sep-20210.0088
 27-Aug-20210.0068
 20-Aug-20210.0082
 13-Aug-20210.0077
 06-Aug-20210.0056
 30-Jul-20210.0069
 23-Jul-20210.0075
 16-Jul-20210.0093
 09-Jul-20210.0078
 02-Jul-20210.0063
 25-Jun-20210.0061
 18-Jun-20210.0028
 11-Jun-20210.0080
IDCW Quarterly28-Jun-20190.1369

 25-Mar-20190.1369
 28-Dec-20180.1369
 28-Sep-20180.1369
 28-Jun-20180.1369
 23-Mar-20180.1372
 29-Dec-20170.1372
 28-Sep-20170.1372
 29-Jun-20170.1372
 24-Mar-20170.1372
 29-Dec-20160.1517
 29-Sep-20160.1517
 27-Jun-20160.1517
 28-Mar-20160.1517
 27-Mar-20150.2032
 26-Dec-20140.1633
 26-Sep-20140.1948
 27-Jun-20140.1636
 28-Mar-20140.2182
 27-Dec-20130.1559
 27-Sep-20130.1559
 28-Jun-20130.1559
 26-Mar-20130.1762
IDCW22-Mar-20190.0720

 28-Dec-20170.1733
 26-Sep-20140.7393
 19-Jan-20120.1742
 26-Sep-20110.0522
 27-Jul-20110.0955
 12-Jan-20100.0333

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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