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:
|Debt: Ultra Short Duration||0.12||0.02||-0.07||0.31||1.20||3.13||6.57||6.19||7.01||7.87||7.95|
|Rank within category||8||14||20||8||7||2||1||1||1||1||1|
|Number of funds in category||28||28||28||28||26||26||23||17||17||15||12|
As on 17-Jan-2020
|Best (Period)||Worst (Period)|
|Week||-- ( - )||-- ( - )|
|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||15.04 (27-Sep-2018 - 27-Sep-2019)||-20.40 (12-Sep-2018 - 13-Sep-2019)|
|Debt: Ultra Short Duration||6.27||1.54||1.59||3.37||1.45||2.93|
|Rank within category||1||13||10||10||16||1|
|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
|Fund||1Y High||1Y Low||Category|
|Number of Securities||18||18||1||40|
|Modified Duration (yrs)||0.44||0.48||0.01||0.37|
|Average Maturity (yrs)||0.47||0.56||0.01||0.45|
|Yield to Maturity (%)||6.07||34.01||5.79||6.25|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|7.07% Reliance Industries 24/12/2020||Bonds/Debentures||AAA||0.00 - 8.61||8.61|
|Indusind Bank 2020||Certificate of Deposit||A1+||0.00 - 8.74||8.54|
|Axis Bank 26/06/2020||Certificate of Deposit||A1+||0.00 - 7.49||7.49|
|Bank of Baroda 2020||Certificate of Deposit||A1+||0.00 - 10.35||6.32|
|SIDBI 2020||Certificate of Deposit||A1+||0.00 - 9.31||5.90|
|8.36% Power Finance Corp. 2020||Bonds||AAA||0.00 - 5.19||5.19|
|8.80% REC 29/11/2020||Bonds||AAA||0.00 - 7.87||4.97|
|Aditya Birla Finance 2020||Non Convertible Debenture||AAA||0.00 - 9.72||4.78|
|9.02% LIC Housing Fin. 2020||Debenture||AAA||0.00 - 4.36||4.36|
|8.51% HDFC 15/07/2020||Non Convertible Debenture||AAA||0.00 - 8.93||4.31|
|7.87% Tata Capital Financial Services 2020||Debenture||AAA||0.00 - 4.29||4.29|
|7.85% L&T Finance 2020||Accrued Income||AAA||0.00 - 4.27||4.27|
|7.85% L&T Finance 19/06/2020||Debenture||AAA||0.00 - 4.27||4.27|
|8.78% Power Finance Corp. 15/11/2020||Bonds||AAA||0.00 - 8.84||4.27|
|Redington India 88-D 28/02/2020||Commercial Paper||A1+||0.00 - 4.24||4.24|
|ICICI Bank 14/09/2020||Certificate of Deposit||A1+||0.00 - 4.10||4.10|
|National Bank Agr. Rur. Devp 29/01/2020||Commercial Paper||A1+||0.00 - 2.55||2.55|
|9.25% Power Grid Corporation 24/07/2020||Bonds||AAA||0.00 - 2.17||2.17|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2019
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.
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.
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The scheme aims to generate stable returns and provide liquidity by investing in a mix of short term debt and money market instruments.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||500|
|Minimum No of Cheques||10|
|Minimum Withdrawal (₹)||100|
|Minimum Balance (₹)||1|
|Fund House:||PGIM India Mutual Fund|
|Return Since Launch:||8.74%|
|Benchmark:||CRISIL Ultra ST Debt|
|Assets:||₹ 117 Cr (As on 31-Dec-2019)|
|Expense:||0.75% (As on 31-Dec-2019)|
|Risk Grade:||Above Average|
|Plan||Record Date||Dividend (₹ / Unit)|
Fund News - 23-May-2019
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]
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
Email: [email protected]