|Min SIP Amount||₹2000|
|NAV||₹2227.06 (23 Oct 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹151 Cr|
|ICICI Securities Ltd.||Financial||CP||6.6%|
|Reserve Bank of India||Financial||T-Bills||6.1%|
|National Bank For Agriculture & Rural Development||Financial||Debenture||5.5%|
|Small Industries Devp. Bank of India Ltd.||Financial||Debenture||4.8%|
|Power Grid Corporation of India Ltd.||Energy||Bonds||4.7%|
|LIC Housing Finance Ltd.||Financial||Bonds/Deb||3.4%|
|Reliance Industries Ltd.||Energy||Bonds/Deb||3.3%|
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 01 Jan 2013. 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 ₹151 Cr and the Latest NAV as of 23 Oct 2020 is ₹2227.06.
The Principal Ultra Short Term Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is set to 2000. Minimum Lumpsum Investment is 5000.
The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.