PGIM India Ultra Short Duration Fund Direct Plan Growth

PGIM India Ultra Short Duration Fund Direct Plan Growth

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Debt
Direct
Ultra Short Duration
NAV: ₹ 32.27 as on 27-02-2024
Fund Performance
zero opening, trading, fund transfer fee
84 people have invested ₹ 23.4L in PGIM India Ultra Short Duration Fund Direct Plan Growth in the last three months

Mutual Fund Insights

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This fund has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.28% which is lower than the category average expense ratio of 0.56%.
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In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.73% return, outperforming this fund by 0.35%.
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In the last 5 years, this fund has outperformed all funds in its category.
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In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.42% return, outperforming this fund by 1.92% per annum.
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Over the last 3 months, this fund has experienced a 10.2% drop in AUM moving from 313.11 Cr to 281.05 Cr.

About the PGIM India Ultra Short Duration Fund Direct Plan Growth

PGIM India Ultra Short Duration Fund Direct Plan Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Puneet Pal, Bhupesh Kalyani. This fund is suitable to keep your money safe.

Key Parameters

  1. PGIM India Ultra Short Duration Fund Direct Plan Growth has ₹281 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

PGIM India Ultra Short Duration Fund Direct Plan Growth Overview

Expense ratio
Expense ratio
0.28%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹281 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
290.7%

PGIM India Ultra Short Duration Fund Direct Plan Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.6%

Credit rating breakup

AAA
100%
Sector Allocation

Jan'24

Dec'23

Nov'23

Cash Equivalent
43.4%
Government
30%
Corporate
26.6%

Top Holdings of PGIM India Ultra Short Duration Fund Direct Plan Growth as on (31-Jan-24)

  • Debt & Cash

Debt Holdings19
Holdings
Weight%
1M Change
State Bank Of India
State Bank Of India
8.85%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
8.83%
0%
HDFC Bank Limited
HDFC Bank Limited
8.67%
0%
Bank of Baroda
Bank of Baroda
8.26%
0%
Export-Import Bank Of India
Export-Import Bank Of India
8.13%
0%

PGIM India Ultra Short Duration Fund Direct Plan Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 292.7 Cr
₹ 297 Cr
₹ 333 Cr
  • AUM of the fund stands at 292.7 Cr as of Jan'24
  • AUM decreased by 4.3 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

PGIM India Ultra Short Duration Fund Direct Plan Growth Fund Manager

Puneet Pal
Puneet Pal
Fund Manager of PGIM India Ultra Short Duration Fund Direct Plan Growth, since 16 July 2022
Bhupesh Kalyani
Bhupesh Kalyani
Fund Manager of PGIM India Ultra Short Duration Fund Direct Plan Growth, since 13 September 2022

PGIM India Ultra Short Duration Fund Direct Plan Growth Highlights

Risk meter
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Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.03% since inception which is more than its category average return of 7.16%
AUM size ₹281 Cr

AUM size ₹281 Cr

This fund has AUM of ₹281 Cr which is less than its category average of ₹ 2873 Cr
Expense Ratio 0.28%

Expense Ratio 0.28%

This fund has an expense ratio of 0.28% which is less than its category average expense ratio of 0.63%

Frequently Asked Questions

The current NAV of PGIM India Ultra Short Duration Fund Direct Plan Growth is ₹32.27 as on 27-Feb-2024.
Existing (Absolute + CAGR) as on 27-Feb-2024.
PGIM India Ultra Short Duration Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.67%
0.67%
6 Month Returns
3.61%
3.61%
1 Year Returns
7.38%
7.38%
3 Years Returns
17.42%
5.5%
5 Years Returns
41.02%
7.12%
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0.28% as on January 2024
₹281 Cr as on January 2024
State Bank Of India(8.85%), Small Industries Development Bank Of India(8.83%), HDFC Bank Limited(8.67%), Bank of Baroda(8.26%), Export-Import Bank Of India(8.13%) as on January 2024
Cash Equivalent(42.55%), Corporate(37.55%), Government(19.9%) as on January 2024
Yield to Maturity is 7.49 as on January 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.27 as on January 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Puneet Pal, Bhupesh Kalyani are the fund managers of PGIM India Ultra Short Duration Fund Direct Plan Growth
The Exit load of PGIM India Ultra Short Duration Fund Direct Plan Growth is 0%