Principal Ultra Short Term Debt Mutual Fund in India
Principal Ultra Short Term Mutual Funds
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Debt/ Fixed Income

Principal Ultra Short Term Fund(Fresh Subscription Discontinued.View Notice)

(An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months.)

This product is suitable for investors who are seeking*

  • Income over a short term investment horizon
  • Investment in Debt & Money Market instruments.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

Fund Manager:
Mr. Pankaj Jain
Allotment Date:
December 28, 2007
Benchmark:
Crisil Liquid Fund Index

Types of Instruments

Normal Allocation
(% of Net Assets)

Risk Profile

Money Market Instruments (Including MIBOR linked instruments with daily put and call option) Upto 100% Low to Medium

Investment in Securitised Debt may be up to 50% of the net assets of the Scheme.

Investment in Securities lending – up to 20% of the net assets

The Scheme may also invest up to 50% of net assets of the Scheme in such derivative instruments as may be introduced from time to time for the purpose of hedging and portfolio balancing and other uses as may be permitted under the SEBI (Mutual Funds) Regulations, 1996.

Investment in the units of Liquid / Money Market / Debt Mutual Fund Scheme(s) shall not exceed 5% of the net asset value of the mutual fund.

Macaulay Duration of the portfolio shall be maintained between 3 months and 6 months.

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

Exit Load:

Nil

New Investor: 5000/-
Existing Investor: 1000/-

3.00 p.m.

In respect of purchase/switch-in of units for an amount equal to or more than 2 Lakhs, the closing NAV (Net Asset Value) of the day shall be applicable subject to realisation of the funds upto 3.00 p.m. and receipt of application (duly time stamped).

Please check the disclosure page for the current expense ratio.
More Information

SIP/ RWP / STP :

Available

Minimum No. & Amt.

SIP :

6 installments of 2000/- each

RWP:

6 installments of 500/- each

STP :

6 installments of 1000/- each

Disclaimer - "Mutual Fund investments are subject to market risks, read all scheme related documents carefully"