PGIM INDIA ULTRA SHORT TERM FUND Review
About PGIM India Ultra Short Term
It is a debt mutual fund scheme that was launched by DHFL Pramerica mutual fund. Later on, it was introduced on 2nd Jan 2013 to its investors. Currently, the fund is managed by Kunal Jain, and Kumaresh Ramakrishnan. Talking about AUM, it is of INR 84 Cr, and, the latest NAV is of INR 26.30 (dated as of 21st April 2020). The fund growth is rated moderately low risk. Also, the minimum SIP investment is INR 500, and, minimum lumpsum investment is INR 5000.
The objective of the investment is to provide liquidity & generate stable returns by investing in a mix of short-term money and debt market instruments.
Returns are taxed as per the Income Tax slab, only, if sold before 3 years.
Pros of the Fund
- Low expense ratio
- 1-year returns are high as compared to the benchmark
- 3-year returns are higher than the benchmark
- 5-year returns are high as compared to the benchmark
- Exit load is ZERO
|Indusind Bank Ltd.||Financial||CD||11.7%|
|Axis Bank Ltd.||Financial||CD||11.4%|
|ICICI Bank Ltd.||Financial||CD||11.4%|
|Aditya Birla Finance Ltd.||Financial||NCD||6.8%|
|LIC Housing Finance Ltd.||Financial||Debenture||6.0%|
|L&T Finance Ltd.||Financial||Acrd. Inc.||5.9%|
|Small Industries Devp. Bank of India Ltd.||Financial||CP||5.8%|
|Tata Capital Housing Finance Ltd.||Financial||CP||5.8%|
|Power Finance Corpn. Ltd.||Financial||Bonds||1.2%|
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*Disclaimer: investment in securities market are subject to market risks, read all the related documents carefully before investing