July 24, 2023
mayank
PGIM India Liquid Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance
NAV Growth: Rs 299.8387
Weekly NAV IDCW: Rs 100.5413
NAV IDCW Monthly: Rs 112.467
Suitable For Which Investors?
“Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme aims to generate steady returns with high liquidity by investing in a portfolio of short-term , high quality money market and debt instruments. The fund would invest atleast 80% of the corpus in instruments with average maturity upto one year upto 20% of the corpus in instruments with average maturity greater than an year.
Fund Manager:
1) Bhupesh Kalyani
Education: Mr. Kalyani is a CA, ICWA and CISA.
Experience: Prior to joining PGIM India Mutual Fund, he was associated with IDBI AMC, LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.
2) Puneet Pal
Education: Mr. Pal is a B.Com (H) and MBA from SIBM Pune.
Experience: Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | Exit load of 0.0070% if redeemed within 1 day |
| 0.0065% if redeemed within 2 days | |
| 0.0060% if redeemed within 3 days | |
| 0.0055% if redeemed within 4 days | |
| 0.0050% if redeemed within 5 days | |
| 0.0045% if redeemed within 6 days. |
Basic Details of PGIM India Liquid Fund
| Fund House | PGIM India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.82% |
| Benchmark | CRISIL Liquid Debt B-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 539 Cr |
| (As on 30-Jun-2023) | |
| Expense | 0.13% |
| (As on 30-Jun-2023) | |
| Risk Grade | — |
| Return Grade | Above Average |
PGIM India Liquid Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM Ind Liquid Dir | 3.90 | 0.02 | 0.57 | 1.73 | 3.52 | 6.66 | 4.57 | 5.36 | 5.82 | 6.74 |
| CCIL T Bill Liquidity Weight | 2.45 | 0.04 | 0.42 | 1.20 | 2.22 | 4.03 | 2.71 | 3.29 | 3.53 | 4.12 |
| Debt: Liquid | 3.83 | 0.02 | 0.56 | 1.70 | 3.45 | 6.57 | 4.51 | 5.23 | 5.73 | 6.67 |
| Rank within category | 2 | 4 | 2 | 5 | 2 | 8 | 10 | 7 | 7 | 6 |
| Number of funds in category | 36 | 37 | 36 | 36 | 36 | 36 | 35 | 32 | 31 | 29 |
PGIM India Liquid Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| PGIM Ind Liquid Dir | 4 star | 6.66 | 4.57 | 5.36 | 0.13 | 539 | 6.82 | 0.01 (1) | 10Y 6M |
| ABSL Liquid Dir | 5 star | 6.72 | 4.59 | 5.37 | 0.21 | 44,069 | 6.87 | 0.01 (1) | 10Y 6M |
| UTI Liquid Cash Dir | 4 star | 6.66 | 4.56 | 5.32 | 0.16 | 26,718 | 6.79 | 0.01 (1) | 10Y 6M |
| Axis Liquid Dir | 4 star | 6.67 | 4.56 | 5.33 | 0.17 | 24,169 | 6.82 | 0.01 (1) | 10Y 6M |
| HSBC Liquid Dir | 4 star | 6.63 | 4.52 | 5.27 | 0.12 | 13,748 | 6.78 | 0.01 (1) | 10Y 6M |
Portfolio Breakup of PGIM India Liquid Fund
| Fund | Category | |
| Number of Securities | 24 | 52 |
| Modified Duration (yrs) | 0.17 | 0.12 |
| Average Maturity (yrs) | 0.19 | 0.13 |
| Yield to Maturity (%) | 7.03 | 6.94 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For PGIM India Liquid Fund
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