July 24, 2023
mayank
PGIM India Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance
NAV Growth: Rs 42.4433
Quarterly NAV IDCW: Rs 10.7168
NAV IDCW Monthly: Rs 12.2267
Suitable For Which Investors?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The Scheme seeks to generate returns with low to medium market risk for investors by investing in a portfolio of short -medium term debt and 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 Short Duration Fund
| Fund House | PGIM India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.10% |
| Benchmark | CRISIL Short Duration Debt B-II Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 28 Cr |
| (As on 30-Jun-2023) | |
| Expense | 0.23% |
| (As on 30-Jun-2023) | |
| Risk Grade | Below Average |
| Return Grade | Average |
PGIM India Short Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM Ind SD Dir | 3.99 | 0.00 | 0.46 | 1.65 | 3.53 | 6.71 | 4.77 | 4.76 | 5.64 | 7.03 |
| 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: Short Duration | 4.27 | 0.00 | 0.53 | 1.75 | 3.82 | 7.30 | 5.61 | 6.74 | 6.87 | 7.81 |
| Rank within category | 23 | 8 | 24 | 19 | 23 | 19 | 16 | 21 | 19 | 18 |
| Number of funds in category | 26 | 27 | 27 | 27 | 26 | 25 | 23 | 22 | 20 | 19 |
PGIM India Short 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 SD Dir | 3 star | 6.71 | 4.77 | 4.76 | 0.23 | 28 | 7.10 | — | 10Y 6M |
| ICICI Pru ST Dir | 4 star | 8.43 | 6.09 | 8.06 | 0.40 | 17,968 | 8.58 | — | 10Y 6M |
| Axis Short Term Dir | 4 star | 7.29 | 5.39 | 7.61 | 0.34 | 7,512 | 8.19 | — | 10Y 6M |
| Nippon Ind ST Dir | 4 star | 7.26 | 5.73 | 7.54 | 0.36 | 6,114 | 8.12 | — | 10Y 6M |
| ABSL Short Term Dir | 4 star | 7.46 | 6.12 | 7.86 | 0.39 | 6,049 | 8.70 | — | 10Y 6M |
Portfolio Breakup of PGIM India Short Duration Fund
| Fund | Category | |
| Number of Securities | 10 | 41 |
| Modified Duration (yrs) | 1.69 | 2.15 |
| Average Maturity (yrs) | 1.95 | 2.87 |
| Yield to Maturity (%) | 7.14 | 7.43 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For PGIM India Short Duration Fund
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