July 24, 2023
mayank
PGIM India Low Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance
NAV Growth: Rs 27.6057
Weekly NAV IDCW: Rs 10.2130
NAV IDCW Monthly: Rs 10.3135
Suitable For Which Investors?
“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.”
Fund’s Investment Strategy:
The Scheme seeks to generate income through investment primarily in low duration debt & money market securities.
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 | 0 |
Basic Details of PGIM India Low Duration Fund
| Fund House | PGIM India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 5.74% |
| Benchmark | CRISIL Low Duration Debt B-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 92 Cr |
| (As on 30-Jun-2023) | |
| Expense | 0.36% |
| (As on 30-Jun-2023) | |
| Risk Grade | Above Average |
| Return Grade | Low |
PGIM India Low Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM Ind Low Duration Dir | 4.13 | 0.02 | 0.59 | 1.78 | 3.73 | 6.90 | 5.26 | 2.06 | 3.70 | 5.58 |
| 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: Low Duration | 4.22 | 0.02 | 0.62 | 1.85 | 3.84 | 6.95 | 5.28 | 6.01 | 6.40 | 7.23 |
| Rank within category | 18 | 5 | 17 | 17 | 18 | 11 | 8 | 21 | 20 | 18 |
| Number of funds in category | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 20 | 18 |
PGIM India Low Duration 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 Low Duration Dir | 1 star | 6.90 | 5.26 | 2.06 | 0.36 | 92 | 5.74 | — | 10Y 6M |
| HDFC Low Duration Dir | 4 star | 7.41 | 5.61 | 6.87 | 0.43 | 14,539 | 7.69 | — | 10Y 6M |
| ABSL Low Duration Dir | 4 star | 7.26 | 5.59 | 7.08 | 0.39 | 11,279 | 8.03 | — | 10Y 6M |
| Nippon Ind Low Duration Dir | 4 star | 6.94 | 5.60 | 6.59 | 0.38 | 7,093 | 7.66 | — | 10Y 6M |
| Axis Treasury Advtg Dir | 4 star | 7.02 | 5.16 | 6.70 | 0.29 | 5,351 | 7.70 | — | 10Y 6M |
Portfolio Breakup of PGIM India Low Duration Fund
| Fund | Category | |
| Number of Securities | 21 | 63 |
| Modified Duration (yrs) | 0.66 | 0.81 |
| Average Maturity (yrs) | 0.79 | 1.18 |
| Yield to Maturity (%) | 7.46 | 7.49 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For PGIM India Low Duration Fund
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