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PGIM INDIA ULTRA SHORT TERM FUND Review

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PGIM INDIA ULTRA SHORT TERM FUND

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.  

Investment Objective 

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.  

Tax Implications 

Returns are taxed as per the Income Tax slab, only, if sold before 3 years.  

Pros of the Fund 

Here: 

  • 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 

Top Holdings 

Name  Sector  Instrument  % Assets 
Indusind Bank Ltd.  Financial  CD  11.7% 
Axis Bank Ltd.  Financial  CD  11.4% 
ICICI Bank Ltd.  Financial  CD  11.4% 
REC Ltd.  Financial  Bonds  6.9% 
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% 

 

Looking to invest? Hop on to gulaq.com and start investing in direct mutual funds. Furthermore, you can also get in touch: [email protected] 

investmentin5minutes

*Disclaimer: investment in securities market are subject to market risks, read all the related documents carefully before investing

 

 

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