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PGIM India Ultra Short Term Fund

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Debt: Ultra Short Duration

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1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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(₹)
cal
cal

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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 0.45 0.01 0.06 0.32 0.75 1.85 5.16 8.87 8.34 8.57 8.93
CCIL T Bill Liquidity Weight 0.28 0.01 -0.01 0.20 0.45 1.09 2.87 3.74 3.97 4.40 4.68
Debt: Ultra Short Duration 0.43 0.01 0.06 0.31 0.72 1.77 4.66 5.72 6.30 6.99 7.81
Rank within category 8 23 10 6 7 10 8 1 1 1 1
Number of funds in category 28 28 28 28 28 27 27 15 15 14 12

As on 25-Feb-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
5 star
 Jul-08 5.16 8.87 8.34 0.75 330
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
 Sep-18 5.92 -- -- 0.64 18,196
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
 Nov-01 6.22 7.49 7.78 0.50 16,118
Kotak Savings Fund Regular Plan  | Invest Online
4 star
 Aug-04 5.24 6.84 7.07 0.77 12,326
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
 May-99 5.31 7.05 7.04 0.49 11,019

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 8.61 2.12 1.86 4.34 2.77 6.56
CCIL T Bill Liquidity Weight 3.72 0.36 -2.62 -5.07 -- --
Debt: Ultra Short Duration 5.77 1.62 1.63 2.91 1.19 2.23
Rank within category 1 12 9 8 17 1
Number of funds in category 17 17 17 17 17 17

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

As on 31-Jan-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 25 25 12 40
Modified Duration (yrs) 0.35 0.45 0.35 --
Average Maturity (yrs) 0.37 0.47 0.37 --
Yield to Maturity (%) 3.80 6.00 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 7.80% GOI 2021 Central Government Loan SOV 0.00 - 15.49 15.26
new Reserve Bank of India 364-D 18/03/2021 Treasury Bills SOV 0.00 - 7.54 7.54
equal Reserve Bank of India 364-D 29/04/2021 Treasury Bills SOV 0.00 - 8.35 7.51
equal Reserve Bank of India 182-D 29/04/2021 Treasury Bills SOV 0.00 - 10.46 7.51
new Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 5.89 5.89
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 4.70 4.62
new Chennai Petroleum Corp. 90-D 18/03/2021 Commercial Paper A1+ 0.00 - 4.52 4.52
new IRFC 87-D 12/04/2021 Commercial Paper A1+ 0.00 - 4.51 4.51
new Network 18 Media & Inv Commercial Paper A1+ 0.00 - 4.50 4.50
equal Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 5.52 4.49
new Axis Securities 129-D 24/05/2021 Commercial Paper A1+ 0.00 - 4.48 4.48
equal Axis Bank 24/11/2021 Certificate of Deposit A1+ 0.00 - 4.90 4.40
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 5.42 3.89
equal Aditya Birla Finance 2021 Debenture AAA 0.00 - 4.07 3.66
equal 8.25% L&T Finance 21/06/2021 Debenture AAA 0.00 - 4.34 3.07
equal 8.67% Aditya Birla Finance 2021 Debenture AAA 0.00 - 4.34 3.06
new GOI 2021 GOI Securities SOV 0.00 - 2.99 2.99
equal 10.40% Sikka Ports and Terminals 18/07/2021 Bonds/NCDs AAA 0.00 - 8.18 2.92
equal 7.67% L&T Infrastructre Finance 18/03/2022 Non Convertible Debenture AAA 0.00 - 5.73 2.84
new HDFC 363-D 10/02/2021 Commercial Paper A1+ 0.00 - 1.81 1.81
equal 9.20% L&T Housing Finance 14/01/2022 Debenture AAA 0.00 - 1.76 1.56
down Reserve Bank of India 364-D 08/04/2021 Treasury Bills SOV 0.00 - 5.37 1.50
equal HDFC-Warrant 347-D 24/09/2021 Commercial Paper A1+ 0.00 - 0.60 0.59
down Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 6.65 0.25
equal Reliance Industries 327-D 15/06/2021 Commercial Paper A1+ 0.00 - 8.78 0.06

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-Jan-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:

0.01%

Change from previous, NAV as on 25-Feb-2021

Growth: ₹ 26.9674

Dividend Weekly: ₹ 10.0828

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Dividend Monthly: ₹ 12.6296

Dividend 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: 8.41%
Benchmark: CRISIL Ultra ST Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 330 Cr (As on 31-Jan-2021)
Expense: 0.75% (As on 31-Jan-2021)
Risk Grade: High
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Feb-20210.0016

 23-Feb-20210.0008
 22-Feb-20210.0029
 18-Feb-20210.0047
 17-Feb-20210.0038
 16-Feb-20210.0013
 15-Feb-20210.0022
 12-Feb-20210.0016
 11-Feb-20210.0018
 10-Feb-20210.0015
 09-Feb-20210.0003
 08-Feb-20210.0029
 05-Feb-20210.0003
 02-Feb-20210.0007
 01-Feb-20210.0023
 29-Jan-20210.0010
 28-Jan-20210.0009
 27-Jan-20210.0009
 25-Jan-20210.0020
 22-Jan-20210.0008
 21-Jan-20210.0002
 08-Jan-20210.0010
 07-Jan-20210.0006
 06-Jan-20210.0009
 05-Jan-20210.0025
Dividend Weekly18-Feb-20210.0121

 12-Feb-20210.0082
 05-Feb-20210.0032
 29-Jan-20210.0049
 22-Jan-20210.0010
 08-Jan-20210.0084
 01-Jan-20210.0096
 24-Dec-20200.0045
 18-Dec-20200.0061
 11-Dec-20200.0055
 04-Dec-20200.0036
 27-Nov-20200.0064
 20-Nov-20200.0101
 13-Nov-20200.0065
 06-Nov-20200.0069
 29-Oct-20200.0071
 23-Oct-20200.0103
 16-Oct-20200.0130
 09-Oct-20200.0124
 01-Oct-20200.0092
 25-Sep-20200.0065
 18-Sep-20200.0066
 11-Sep-20200.0066
 04-Sep-20200.0085
 28-Aug-20200.0028
Dividend Monthly29-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
 25-Oct-20190.0432
 30-Aug-20190.0360
 25-Jul-20190.0360
 28-Jun-20190.0360
 31-Aug-20180.0360
 27-Jul-20180.0360
 29-Jun-20180.0360
 25-Jan-20180.0361
 29-Dec-20170.0325
 24-Nov-20170.0325
Dividend 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
Dividend22-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: 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

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