July 24, 2023
mayank
PGIM India Ultra Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance
NAV Growth: Rs 30.9522
Weekly NAV IDCW : Rs 10.2644
NAV IDCW Monthly: Rs 12.1359
Suitable For Which Investors?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
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 the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
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. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s 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.
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 Ultra Short Duration Fund
| Fund House | PGIM India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.08% |
| Benchmark | CRISIL Ultra Short Duration Debt B-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 387 Cr |
| (As on 30-Jun-2023) | |
| Expense | 0.27% |
| (As on 30-Jun-2023) | |
| Risk Grade | Below Average |
| Return Grade | Average |
PGIM India Ultra Short Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM Ind Ultra SD Dir | 4.06 | 0.02 | 0.59 | 1.78 | 3.69 | 6.78 | 4.90 | 7.27 | 7.31 | 8.04 |
| 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: Ultra Short Duration | 4.04 | 0.02 | 0.59 | 1.77 | 3.68 | 6.73 | 4.99 | 5.72 | 6.05 | 7.22 |
| Rank within category | 18 | 1 | 17 | 18 | 18 | 14 | 12 | 1 | 1 | 1 |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 23 | 16 | 12 | 11 |
PGIM India Ultra 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 Ultra SD Dir | 3 star | 6.78 | 4.90 | 7.27 | 0.27 | 387 | 8.08 | — | 10Y 6M |
| HDFC Ultra ST Dir | 4 star | 6.85 | 5.00 | — | 0.34 | 13,709 | 6.27 | — | 4Y 9M |
| ICICI Pru Ultra ST Dir | 5 star | 6.98 | 5.53 | 6.78 | 0.39 | 12,657 | 8.09 | — | 10Y 6M |
| Nippon Ind Ultra SD Dir | 5 star | 7.13 | 7.37 | 5.90 | 0.37 | 5,336 | 7.11 | — | 10Y 6M |
| Axis Ultra ST Dir | 4 star | 7.03 | 5.23 | — | 0.31 | 5,069 | 6.37 | — | 4Y 10M |
Portfolio Breakup of PGIM India Ultra Short Duration Fund
| Fund | Category | |
| Number of Securities | 24 | 46 |
| Modified Duration (yrs) | 0.42 | 0.42 |
| Average Maturity (yrs) | 0.45 | 0.47 |
| Yield to Maturity (%) | 7.22 | 7.25 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For PGIM India Ultra Short Duration Fund
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