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Fincash » Mutual Funds » Principal Ultra Short Term Fund

Principal Ultra Short Term Fund - G

NAV  ₹2,393.44 ↑ 0.44  (0.02 %) as on 22 Aug 23

(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 5.7% since its launch.  Ranked 43 in Ultrashort Bond category.  Return for 2022 was 3.7% , 2021 was 2.7% and 2020 was 4.1% .

Below is the key information for Principal Ultra Short Term Fund

NAV as on 22 Aug 23₹2,393.44 ↑ 0.44  (0.02 %)
Net Assets (AUM) as on 31 Jul 2023 ₹1,683 Cr.
Launch Date28 Dec 2007
CategoryDebt - Ultrashort Bond
Rating
TypeOpen Ended Fund
RiskModerately Low
Yield To Maturity7.14%
Effective Maturity5 Months 6 Days
Modified Duration4 Months 26 Days
Alpha Ratio0.0
Expense Ratio1.39 %
Sharpe Ratio-2.888
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 22 Aug 23

DurationReturns
1 Month 0.5%
3 Month 1.4%
6 Month 3.2%
1 Year 5.7%
3 Year 3.8%
5 Year 3.5%
10 Year
15 Year
Since launch 5.7%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2022 3.7%
2021 2.7%
2020 4.1%
2019 6.5%
2018 1.2%
2017 6.3%
2016 7.9%
2015 8.8%
2014 9.4%

Growth of 10k Over Years

DateValue
31 Aug 18₹10,000
31 Aug 19₹10,129
31 Aug 20₹10,617
31 Aug 21₹10,921
31 Aug 22₹11,230
31 Aug 23₹11,883
Principal Ultra Short Term Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash86.1%
Debt13.9%
Principal Ultra Short Term Fund Asset Allocation

Sector Allocation

SectorValue
Cash Equivalent39.71%
Corporate31.74%
Government28.56%
RatingValue
AA2.45%
AAA97.55%
Principal Ultra Short Term Fund Debt Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
364 DTB 14032024
Sovereign Bonds | -
5%₹72 Cr7,500,000
↑ 5,000,000
182 DTB 11012024
Sovereign Bonds | -
3%₹49 Cr5,000,000
182 DTB 22022024
Sovereign Bonds | -
3%₹49 Cr5,000,000
182 DTB 07032023
Sovereign Bonds | -
3%₹48 Cr5,000,000
↑ 5,000,000
LIC Housing Finance Limited
Debentures | -
3%₹45 Cr450
↑ 450
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
2%₹25 Cr250,000
Punjab National Bank
Domestic Bonds | -
2%₹25 Cr500
↑ 500
91 DTB 02112023
Sovereign Bonds | -
1%₹20 Cr2,000,000
National Housing Bank
Debentures | -
1%₹15 Cr1,500
HDFC Bank Limited
Debentures | -
1%₹15 Cr1,500
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Fund Managers

NameSinceTenure
Dwijendra Srivastava16 May 221.29 Yr.
Sandeep Agarwal1 Jan 221.66 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
₹2,393.44
↑ 0.44
3.16 %5.74 %3.79 %3.52 %
Principal Ultra Short Term Fund
Monthly Dividend, Payout
₹1,060.88
↑ 0.19
1.19 %2.77 %1.96 %1.55 %
Principal Ultra Short Term Fund
Monthly Dividend, Reinvestment
₹1,060.88
↑ 0.19
1.19 %2.77 %1.96 %1.55 %
Data as on 22 Aug 23

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