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Fincash » Mutual Funds » Principal Ultra Short Term Fund

Principal Ultra Short Term Fund - G

NAV  ₹2,491.36 ↑ 0.43  (0.02 %) as on 16 Apr 24

(Erstwhile Principal Retail Money Manager Fund)

Scheme Objective

To generate steady return by investing in debt and money market securities. The portfolio will be predominantly invested in overnight repo, CBLO, floating rate instruments and other fixed income instruments.

Principal Ultra Short Term Fund is a Debt - Ultrashort Bond fund launched on 28 Dec 07. It is a fund with Moderately Low risk and has given a CAGR return of 5.8% since its launch.  Ranked 43 in Ultrashort Bond category.  Return for 2023 was 6.1% , 2022 was 3.7% and 2021 was 2.7% .

Below is the key information for Principal Ultra Short Term Fund

NAV as on 16 Apr 24₹2,491.36 ↑ 0.43  (0.02 %)
Net Assets (AUM) as on 29 Feb 2024 ₹1,839 Cr.
Launch Date28 Dec 2007
CategoryDebt - Ultrashort Bond
Rating
TypeOpen Ended Fund
RiskModerately Low
Yield To Maturity7.61%
Effective Maturity5 Months 18 Days
Modified Duration5 Months 14 Days
Alpha Ratio0.0
Expense Ratio1.39 %
Sharpe Ratio-3.088
Information Ratio0.0
BenchmarkNot Available
ISININF173K01CU9
AMCPrincipal Pnb Asset Mgmt. Co. Priv. Ltd.
Min Investment ₹5,000
Min SIP Investment ₹2,000
Exit Load NIL

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24

DurationReturns
1 Month 0.7%
3 Month 1.7%
6 Month 3.2%
1 Year 6.3%
3 Year 4.6%
5 Year 4.6%
10 Year
15 Year
Since launch 5.8%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 6.1%
2022 3.7%
2021 2.7%
2020 4.1%
2019 6.5%
2018 1.2%
2017 6.3%
2016 7.9%
2015 8.8%

Growth of 10k Over Years

DateValue
31 Mar 19₹10,000
31 Mar 20₹10,590
31 Mar 21₹10,955
31 Mar 22₹11,257
31 Mar 23₹11,768
31 Mar 24₹12,497
Principal Ultra Short Term Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash71.86%
Debt27.9%
Other0.24%
Principal Ultra Short Term Fund Asset Allocation

Sector Allocation

SectorValue
Corporate48%
Cash Equivalent37.35%
Government14.4%
RatingValue
AA4.86%
AAA95.14%
Principal Ultra Short Term Fund Debt Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
182 DTB 29082024
Sovereign Bonds | -
5%₹97 Cr10,000,000
Canara Bank
Domestic Bonds | -
4%₹74 Cr1,500
↑ 1,500
Bharti Telecom Limited
Debentures | -
3%₹50 Cr5,000
IDFC First Bank Ltd.
Debentures | -
3%₹49 Cr1,000
↑ 1,000
Punjab National Bank
Domestic Bonds | -
2%₹47 Cr1,000
Union Bank of India
Domestic Bonds | -
2%₹37 Cr800
IDFC First Bank Ltd.
Debentures | -
2%₹31 Cr660
LIC Housing Finance Ltd
Debentures | -
2%₹29 Cr300
↑ 300
ICICI Bank Ltd.
Debentures | -
1%₹28 Cr600
HDFC Bank Ltd.
Debentures | -
1%₹28 Cr600
1 - 10 of 75
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Fund Managers

NameSinceTenure
Dwijendra Srivastava16 May 221.88 Yr.
Sandeep Agarwal1 Jan 222.25 Yr.

Custodians

CompanyAddress
SBI-SG Global Securities Services Private Limited“B Wing”, “Jeevan Seva” Annexe Bldg.,Ground Floor, S.V. Road,Santacruz (W),,Mumbai – 400054

Registrar & Transfer Agent

KFin Technologies Ltd
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Principal Mutual FundExchange Plaza, 2nd Floor,,National Stock Exchange Building,Bandra Kurla Complex,,Bandra East

Auditors

CompanyAddress
S. R. BATLIBOI & CoExpress Tower, 6th Floor,Nariman Point,Mumbai
BSR & Co. LLPBSR & Co. LLP

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Principal Ultra Short Term Fund
Growth
₹2,491.36
↑ 0.43
3.23 %6.25 %4.57 %4.57 %
Principal Ultra Short Term Fund
Monthly Dividend, Payout
₹1,067.18
↑ 0.18
0.23 %0.72 %1.69 %1.89 %
Principal Ultra Short Term Fund
Monthly Dividend, Reinvestment
₹1,067.18
↑ 0.18
0.23 %0.72 %1.69 %1.89 %
Data as on 16 Apr 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.