Principal Ultra Short Term Fund

Principal Ultra Short Term Fund

NAV

(as on 12-04-2021)

2262.62

3 YRS CAGR

(as on 12-04-2021)

4.35%

CAGR since inception

(since 01-01-2013)

7.06%

AUM

(as on 2021-03-31)

130.53 Cr

Investment type

Investment Amount

Tenure

Growth

This Fund Benchmark Additional Benchmark
* Returns shown are for the growth option and are calculated uptil 12-04-2021
* 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 12-04-2021
* 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 12-04-2021
* Benchmark : NIFTY Ultra Short Duration Debt Index
* Additional Benchmark : CRISIL 1 Year T-Bill Index
As on 2021-03-31
As on 2021-03-31
% to NET Assets
Name
13.23%
TREPS 01-Mar-2021
9.76%
91 DAY T-BILL 01-Apr-2021
8.28%
364 DAY T-BILL 15-Apr-2021
4.89%
Reliance Industries Ltd. 05-Mar-2021
4.88%
Grasim Industries Ltd. 26-Mar-2021
4.48%
8.36% Bajaj Finance Ltd. 10-Aug-2021
3.93%
7.80% Government of India 11-Apr-2021
3.90%
364 DAY T-BILL 22-Apr-2021
3.47%
8.50% Small Industries Development Bank of India 21-Jun-2021
3.42%
Astec Lifesciences Ltd. 15-Mar-2021
3.12%
HDB Financial Services Ltd. 08-Jun-2021
2.86%
Axis Bank Ltd. 22-Oct-2021
2.51%
8.62% State Government of Gujarat 07-Sep-2021
2.49%
8.39% National Bank for Agriculture and Rural Development 19-Jul-2021
2.48%
8.00% Cholamandalam Investment & Finance Co. Ltd. 13-Aug-2021
2.44%
Kotak Mahindra Prime Ltd. 26-Mar-2021
2.43%
182 DAY T-BILL 20-May-2021
2.43%
Housing Development Finance Corporation Ltd. 25-May-2021
2.41%
LIC Housing Finance Ltd. 20-Jul-2021
2.03%
9.75% REC Ltd. 11-Nov-2021
2.00%
7.24% Indian Railway Finance Corporation Ltd. 08-Nov-2021
2.00%
6.70% Indian Railway Finance Corporation Ltd. 24-Nov-2021
1.91%
Housing Development Finance Corporation Ltd. 24-Sep-2021
1.50%
7.14% REC Ltd. 09-Dec-2021
1.47%
8.46% State Government of Maharashtra 03-Mar-2021
1.23%
8.85% Bajaj Finance Ltd. 23-Mar-2021
0.99%
7.57% Ultratech Cement Ltd. 06-Aug-2021
0.75%
8.59% State Government of Gujarat 20-Jul-2021
0.74%
7.24% LIC Housing Finance Ltd. 23-Aug-2021
0.50%
7.03% LIC Housing Finance Ltd. 28-Dec-2021
0.49%
Tata Power Company Ltd. 09-Mar-2021
0.37%
91 DAY T-BILL 29-Apr-2021
0.25%
9.25% Power Grid Corporation of India Ltd. 24-Jul-2021
0.24%
182 DAY T-BILL 15-Apr-2021
0.12%
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 102 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