Name: Principal Ultra Short Term Fund Direct Growth
Brand: Principal Mutual Fund

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Principal Ultra Short Term Fund Direct Growth
Debt
Ultra Short Duration
Low to Moderate Risk
3.64%
1Y return
+0.02% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 27 Sep 2021₹2,300.44
Min. SIP amount₹2,000
Rating2star
Fund size₹119.38 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Ultra Short Duration
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.6%5.7%5.2%6.9%
Category average3.7%5.5%5.9%NA
Rank with in category191513NA
Understand termsinfo
Holdings (25)NameSectorInstrumentAssets
GOI
SovereignCGL11.0%
Indusind Bank Ltd.
FinancialCD6.6%
Axis Bank Ltd.
FinancialCD5.0%
Small Industries Devp. Bank of India Ltd.
FinancialBonds/NCD4.3%
National Bank For Agriculture & Rural Development
FinancialNCD4.3%
Reliance Industries Ltd.
EnergyDebenture4.3%
Maharashtra State
OthersSDL4.3%
Gujarat State
OthersSDL4.2%
Reserve Bank of India
FinancialT-Bills4.2%
Astec Lifesciences Ltd.
HealthcareCP4.2%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and consinfo
Category: Debt Ultra Short Duration
thumb_up_altPros
Lower expense ratio - 0.26%
3Y Returns are higher than the category average returns
Exit load is zero
thumb_down_altCons
Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
5Y Returns are lower than the category average returns
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Aug 2021 - Present
0.26%
31 Jul 2021 - 31 Aug 2021
0.25%
30 Jun 2021 - 31 Jul 2021
0.25%
31 May 2021 - 30 Jun 2021
0.24%
30 Apr 2021 - 31 May 2021
0.23%
31 Mar 2021 - 30 Apr 2021
0.23%
28 Feb 2021 - 31 Mar 2021
0.23%
31 Jan 2021 - 28 Feb 2021
0.23%
31 Dec 2020 - 31 Jan 2021
0.24%
30 Nov 2020 - 31 Dec 2020
0.25%
31 Oct 2020 - 30 Nov 2020
0.25%
30 Sep 2020 - 31 Oct 2020
0.22%
31 Aug 2020 - 30 Sep 2020
0.22%
31 Jul 2020 - 31 Aug 2020
0.21%
30 Jun 2020 - 31 Jul 2020
0.20%
31 May 2020 - 30 Jun 2020
0.20%
30 Apr 2020 - 31 May 2020
0.20%
31 Mar 2020 - 30 Apr 2020
0.24%
29 Feb 2020 - 31 Mar 2020
0.26%
31 Jan 2020 - 29 Feb 2020
0.32%
31 Dec 2019 - 31 Jan 2020
0.32%
30 Nov 2019 - 31 Dec 2019
0.35%
31 Oct 2019 - 30 Nov 2019
0.39%
30 Sep 2019 - 31 Oct 2019
0.38%
31 Aug 2019 - 30 Sep 2019
0.38%
31 Jul 2019 - 31 Aug 2019
0.29%
30 Jun 2019 - 31 Jul 2019
0.29%
31 May 2019 - 30 Jun 2019
0.29%
30 Apr 2019 - 31 May 2019
0.29%
31 Mar 2019 - 30 Apr 2019
0.39%
28 Feb 2019 - 31 Mar 2019
0.38%
31 Jan 2019 - 28 Feb 2019
0.38%
31 Dec 2018 - 31 Jan 2019
0.32%
30 Nov 2018 - 31 Dec 2018
0.25%
31 Oct 2018 - 30 Nov 2018
0.25%
30 Sep 2018 - 31 Oct 2018
0.25%
31 Aug 2018 - 30 Sep 2018
0.25%
31 Jul 2018 - 31 Aug 2018
0.25%
30 Jun 2018 - 31 Jul 2018
0.25%
31 May 2018 - 30 Jun 2018
0.23%
30 Apr 2018 - 31 May 2018
0.23%
31 Mar 2018 - 30 Apr 2018
0.22%
28 Feb 2018 - 31 Mar 2018
0.44%
31 Jan 2018 - 28 Feb 2018
0.44%
31 Dec 2017 - 31 Jan 2018
0.45%
30 Nov 2017 - 31 Dec 2017
0.45%
31 Oct 2017 - 30 Nov 2017
0.31%
Expense ratio, exit load and taxExpense ratio: 0.26%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand termsinfo
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹2,000
Fund managementBekxy Kuriakose
May 2019 - Present
View details
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Education
Ms. Kuriakose is a BA (Economics) from Delhi University and PGDM from IIM,Bangalore
Experience
Prior to joining Principal Mutual Fund she has worked with L&T Mutual Fund, Reliance Life Insurance Co. Ltd ,SBI Mutual Fund and Tata Administrative Services
Also manages these schemes
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Principal Dynamic Bond Fund IDCW Quarterly
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Principal Hybrid Equity Fund Growth
Principal Hybrid Equity Fund IDCW Monthly
Principal Equity Savings Fund Growth
Principal Equity Savings Fund IDCW Half Yearly
Principal Equity Savings Fund IDCW Quarterly
Principal Low Duration Fund Growth
Principal Low Duration Fund IDCW Weekly
Principal Low Duration Fund IDCW Monthly
Principal Low Duration Fund IDCW Daily
Principal Ultra Short Term Fund Growth
Principal Ultra Short Term Fund IDCW Daily
Principal Ultra Short Term Fund IDCW Monthly
Principal Ultra Short Term Fund IDCW Weekly
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Principal Low Duration Fund Direct IDCW Daily
Principal Low Duration Fund Direct IDCW Weekly
Principal Low Duration Fund Direct IDCW Monthly
Principal Low Duration Fund Direct Growth
Principal Dynamic Bond Fund Direct IDCW Quarterly
Principal Dynamic Bond Fund Direct IDCW Yearly
Principal Dynamic Bond Fund Direct Growth
Principal Cash Management Direct IDCW Monthly
Principal Cash Management Direct IDCW Daily
Principal Cash Management Direct Growth
Principal Cash Management Direct IDCW Weekly
Principal Equity Savings Fund Direct IDCW Half Yearly
Principal Equity Savings Fund Direct IDCW Quarterly
Principal Equity Savings Fund Direct Growth
Principal Ultra Short Term Fund Direct Growth
Principal Ultra Short Term Fund Direct IDCW Monthly
Principal Balanced Advantage Fund Direct Growth
Principal Balanced Advantage Fund Direct IDCW Monthly
Principal Hybrid Equity Fund Direct Growth
Principal Hybrid Equity Fund Direct IDCW Monthly
Pankaj Jain
Jan 2013 - Present
View details
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Education
Mr. Jain is a B.Tech (Mechanical) from VNIT Nagpur and MBA from IIM Bangalore.
Experience
Prior to joining Principal AMC he has worked with Edelweiss Capital, Taurus AMC, State Bank of India (Treasury) and Thermax Ltd.
Also manages these schemes
Principal Cash Management IDCW Daily
Principal Cash Management IDCW Weekly
Principal Cash Management IDCW Monthly
Principal Cash Management Growth
Principal Equity Savings Fund Growth
Principal Equity Savings Fund IDCW Half Yearly
Principal Equity Savings Fund IDCW Quarterly
Principal Low Duration Fund Growth
Principal Low Duration Fund IDCW Weekly
Principal Low Duration Fund IDCW Monthly
Principal Low Duration Fund IDCW Daily
Principal Ultra Short Term Fund Growth
Principal Ultra Short Term Fund IDCW Daily
Principal Ultra Short Term Fund IDCW Monthly
Principal Ultra Short Term Fund IDCW Weekly
Principal Low Duration Fund Direct IDCW Daily
Principal Low Duration Fund Direct IDCW Weekly
Principal Low Duration Fund Direct IDCW Monthly
Principal Low Duration Fund Direct Growth
Principal Cash Management Direct IDCW Monthly
Principal Cash Management Direct IDCW Daily
Principal Cash Management Direct Growth
Principal Cash Management Direct IDCW Weekly
Principal Equity Savings Fund Direct IDCW Half Yearly
Principal Equity Savings Fund Direct IDCW Quarterly
Principal Equity Savings Fund Direct Growth
Principal Ultra Short Term Fund Direct Growth
Principal Ultra Short Term Fund Direct IDCW Monthly
Fund house & investment objective
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Principal Mutual Fund
Rank (total assets)#24 in India
Total AUM7,817.63 Cr
Date of Incorporation25 Nov 1994
Principal Ultra Short Term Fund Direct Growth is a Debt Mutual Fund Scheme launched by Principal Mutual Fund. This scheme was made available to invest
Principal Ultra Short Term Fund Direct Growth is a Debt Mutual Fund Scheme launched by Principal Mutual Fund. This scheme was made available to investors on 25 Nov 1994. Pankaj Jain is the Current Fund Manager of Principal Ultra Short Term Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹7,818 Cr and the Latest NAV as of 27 Sep 2021 is ₹2,300.44.
The Principal Ultra Short Term Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to 2000. Minimum Lumpsum Investment is 5000. ...Read more
Investment Objective
The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.
The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.
...Read more
Fund benchmarkNIFTY Ultra Short Duration Debt
descriptionScheme Information Document(SID)
Fund house contact details
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Address
Exchange Plaza, Ground Floor, B Wing, NSE Building, Bandra Kurla Complex, Bandra(East) Mumbai 400051
Phone
022-67720555
Launch Date
25 Nov 1994
E-mail
[email protected]
Website
NA
Principal Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
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	1Y	3Y	5Y	All
Fund returns	3.6%	5.7%	5.2%	6.9%
Category average	3.7%	5.5%	5.9%	NA
Rank with in category	19	15	13	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	CGL	11.0%
Indusind Bank Ltd.	Financial	CD	6.6%
Axis Bank Ltd.	Financial	CD	5.0%
Small Industries Devp. Bank of India Ltd.	Financial	Bonds/NCD	4.3%
National Bank For Agriculture & Rural Development	Financial	NCD	4.3%
Reliance Industries Ltd.	Energy	Debenture	4.3%
Maharashtra State	Others	SDL	4.3%
Gujarat State	Others	SDL	4.2%
Reserve Bank of India	Financial	T-Bills	4.2%
Astec Lifesciences Ltd.	Healthcare	CP	4.2%

Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	2
Fund size	₹119.38 Cr