Principal Ultra Short Term Fund

Principal Ultra Short Term Fund

NAV

(as on 24-09-2021)

2299.91

3 YRS CAGR

(as on 24-09-2021)

4.51%

CAGR since inception

(since 01-01-2013)

6.88%

AUM

(as on 2021-08-31)

119.34 Cr

Investment type

Investment Amount

Tenure

Growth

This Fund Benchmark Additional Benchmark
* Returns shown are for the growth option and are calculated uptil 24-09-2021
* Benchmark : NIFTY Ultra Short Duration Debt Index
* Additional Benchmark : CRISIL 1 Year T-Bill Index

* Different plans shall have a different expense structure. Past performance may or may not be sustained in future. Returns (in %) less than one year are absolute. Returns (in %) for one year or more are calculated on Compounded Annualized Basis (CAGR). Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.

This Fund
Benchmark
Additional Benchmark
* Returns shown are for the growth option and are calculated uptil 24-09-2021
* Benchmark : NIFTY Ultra Short Duration Debt Index
* Additional Benchmark : CRISIL 1 Year T-Bill Index

* Different plans shall have a different expense structure. Past performance may or may not be sustained in future. Returns (in %) less than one year are absolute. Returns (in %) for one year or more are calculated on Compounded Annualized Basis (CAGR). Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.

Investment type

Investment Amount

Tenure

Growth

Annualized Return Absolute Return
* Returns shown are for the growth option and are calculated uptil 24-09-2021
* Benchmark : NIFTY Ultra Short Duration Debt Index
* Additional Benchmark : CRISIL 1 Year T-Bill Index
As on 2021-08-31
As on 2021-08-31
% to NET Assets
Name
10.46%
8.79% Government of India 08-Nov-2021
8.29%
TREPS 02-Aug-2021
8.15%
3.30% Reverse Repo 02-Aug-2021
6.21%
IndusInd Bank Ltd. 28-Feb-2022
4.72%
Axis Bank Ltd. 22-Oct-2021
4.08%
7.85% National Bank for Agriculture and Rural Development 23-May-2022
4.07%
8.30% Reliance Industries Ltd. 08-Mar-2022
4.04%
8.79% State Government of Maharashtra 21-Dec-2021
3.99%
8.62% State Government of Gujarat 07-Sep-2021
3.97%
8.00% Cholamandalam Investment & Finance Co. Ltd. 13-Aug-2021
3.92%
182 DAY T-BILL 09-Dec-2021
3.92%
182 DAY T-BILL 02-Dec-2021
3.23%
9.75% REC Ltd. 11-Nov-2021
3.20%
6.70% Indian Railway Finance Corporation Ltd. 24-Nov-2021
3.20%
7.24% Indian Railway Finance Corporation Ltd. 08-Nov-2021
3.18%
8.36% Bajaj Finance Ltd. 10-Aug-2021
3.16%
Housing Development Finance Corporation Ltd. 24-Sep-2021
3.10%
HDB Financial Services Ltd. 29-Oct-2021
2.50%
8.91% State Government of Gujarat 22-Aug-2022
2.44%
7.87% Larsen & Toubro Ltd. 18-Apr-2022
2.44%
7.65% Grasim Industries Ltd. 15-Apr-2022
2.41%
7.14% REC Ltd. 09-Dec-2021
2.35%
182 DAY T-BILL 25-Nov-2021
1.59%
7.57% Ultratech Cement Ltd. 06-Aug-2021
1.19%
7.24% LIC Housing Finance Ltd. 23-Aug-2021
0.82%
7.02% State Government of Maharashtra 27-Sep-2022
0.80%
7.03% LIC Housing Finance Ltd. 28-Dec-2021
0.51%
91 DAY T-BILL 14-Oct-2021
-1.94%
Cash & Cash Equivalents

Benchmark

NIFTY Ultra Short Duration Debt Index

Additional Benchmark

CRISIL 1 Year T-Bill Index

Horizon

1-6 months

Age

8 Yrs 267 Days

Performance

Suitable for

1. Income over a short term investment horizon.
2. Investment in Debt and Money Market instruments.

Investment Objective

To generate regular income and capital appreciation through investments in debt securities and money market instruments.

WHY INVEST IN Principal Ultra Short Term Fund?

• The fund seeks to follow stringent liquidity and credit parameters to optimize the risk-return proposition for the investors.
•The mark-to-market c omponent of the fund is managed within defined maturity profile of the scheme.
• Ideal for investing additional money for short term.

minimum investment

New Investor: Rs 5000
Existing Investor: Rs 1000

options

Both the Plans offer Dividend and Growth Option. Dividend Frequency - Regular Plan: Daily and Weekly Dividend - Reinvestment Facility Monthly Dividend - Payout, Reinvestment and Sweep facility. Direct Plan: Monthly Dividend - Payout, Reinvestment and Sweep facility.

OTHER DETAILS

Exit Load:

Nil

SIP/STP/RWP -Available

Minimum No. & Amt. of
SIP - Rs 2000*
STP - Rs 1000*
RWP - Rs 500*
*6 installments each

Cut Off Time

  • In respect of valid applications received upto the Cut off time i.e. 3.00 p.m. on a Business Day and where the funds for the entire amount are available for utilization before the cut-off time - the closing NAV of the day shall be applicable.
  • In respect of valid applications received after 3.00 p.m. on a Business Day and where the funds are available for utilization either on the same day or before the cut-off time of the next Business Day - the closing NAV of the next Business Day shall be applicable.
  • Irrespective of the time of receipt of application, where the funds available for utilization before the cut-off time on any subsequent Business Day - the closing NAV of such subsequent Business Day when the funds are available for utilisation shall be applicable.
  • In respect of valid applications, the time of receipt of applications or the funds for the entire amount are available for utilisation, which ever is later, will be used to determine the applicability of NAV.
In case of other facilities like Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), etc, the NAV of the day on which the funds are available for utilisation by the Target Scheme shall be used irrespective of the installment date.

fund managers

Bekxy Kuriakose - Principal Balanced Advantage Fund Manager

Bekxy Kuriakose

Bekxy Kuriakose has over 18 years of experience in dealing, research a...
funds managed