Principal Ultra Short Term Fund Direct Growth+0.05%

1Groww
2.17%
1 Year Return
Debt
Money Market
1.0 star
6M
1Y
3Y
5Y
All

Fund Details

Principal Ultra Short Term Fund Direct Growth

RiskModerately Low
Min SIP Amount₹2000
Expense Ratio0.29%
NAV2089.6 (19 Aug 2019)
Fund Started01 Jan 2013
Fund Size62 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Principal Ultra Short Term Fund Direct Growth
2.2%
5.6%
6.9%
7.6%
Category Average
6.2%
6.5%
7.3%
-
Rank within category
19
15
16
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 2.2% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio
    2. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Risk-adjusted returns are lower compared to the category
    3. Risk is higher compared to the benchmark
    4. 1Y Returns are lower than the benchmark
    5. 3Y Returns are lower than the benchmark
    6. 5Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    National Housing BankFinancialDebenture8.1%
    Ultratech Cement Ltd.ConstructionCP8.0%
    ICICI Bank Ltd.FinancialCD8.0%
    Godrej Industries Ltd.FMCGCP8.0%
    Kotak Mahindra Bank Ltd.FinancialCD7.9%
    Housing Development Finance Corpn. Ltd.FinancialDebenture4.9%
    REC Ltd.FinancialBonds4.8%
    Axis Bank Ltd.FinancialCD4.7%
    Housing Development Finance Corpn. Ltd.FinancialNCD3.2%
    REC Ltd.FinancialBonds1.7%
    See All

    Fund Managers

    addBekxy Kuriakose
    Education
    Ms. Kuriakose is a BA (Economics) from Delhi University and PGDM from IIM,Bangalore
    Experience
    Prior to joining Principal MF she has worked with L&T MF, Reliance Life Insurance Co. Ltd ,SBI Mutual Fund and Tata Administrative Services
    Funds Managed
    addPankaj Jain
    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.
    Funds Managed

    Other Details

    Principal Ultra Short Term Fund Direct Growth is a Debt Mutual Fund Scheme launched by PRINCIPAL Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Pankaj Jain is the Current Fund Manager of Principal Ultra Short Term Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹62 Cr and the Latest NAV as of 19 Aug 2019 is ₹2089.6.

    The Principal Ultra Short Term Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is 2000. Minimum Lumpsum Investment is 5000. Nil.

    Investment Objective

    To generate steady return by investing in debt and money market securities.

    Tax Implications

    Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Nil
    Exit Load

    Compare Funds

    Principal Ultra Short Term Fund Direct Growth
    VS
    search

    About PRINCIPAL Mutual Fund

    Address
    Exchange Plaza, Ground Floor, B Wing, NSE Building, Bandra Kurla Complex, Bandra(East) Mumbai 400051
    Phone
    022-67720555
    Launch Date
    24 Nov 1994
    PRINCIPAL Mutual Fund
    Asset Management Company
    Custodian
    Citibank NA
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
    Enter investment amount
    + ₹2,000
    + ₹10,000
    + ₹20,000
    ONE TIME
    MONTHLY SIP
    Similar Funds
    Data not available
    Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
    Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
    MOST POPULAR ON GROWW
    MUTUAL FUNDS COMPANIES: ICICI PRUDENTIAL  | HDFC  | RELIANCE  | ADITYA BIRLA SUN LIFE  | SBI  | UTI  | FRANKLIN TEMPLETON  | KOTAK MAHINDRA  | IDFC  | DSP BLACKROCK  | AXIS  | TATA  | L&T  | SUNDARAM  | DHFL PRAMERICA  | INVESCO  | LIC  | JM FINANCIAL  | BARODA PIONEER  | CANARA ROBECO  | HSBC  | IDBI  | INDIABULLS  | MOTILAL OSWAL  | BNP PARIBAS  | MIRAE ASSET  | PRINCIPAL  | BOI AXA  | UNION KBC  | TAURUS  | EDELWEISS  | ESSEL  | MAHINDRA  | QUANTUM  | PPFAS  | IIFL  | ESCORTS  |