Rating : ★ ★ ★ ★ ☆

PGIM India Ultra Short Term Fund Direct Plan Monthly Dividend Payout

Debt

  

Ultra Short Duration Fund

NAV

12.0107 +0.0008

(as on 23 Sep, 2020)

RETURNS

6.4 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Investment Plan

0%

Benchmark

CRISIL Liquid Fund TR INR

Asset Size

141.58 Cr.

(As of 31 Aug, 2020)

Risk

Moderately Low

Objective

To provide liquidity and seek to generate returns by investing in a mix of short term debt and money market instruments.

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Fund manager

Kumaresh Ramakrishnan

Exit load

N / A

Minimum sip

₹500

Minimum investment

₹5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

182 DTB 31122020

11.53%

Bajaj Housing Finance Limited

9.04%

Rural Electrification Corporation Limited

7.29%

Reliance Ports and Terminals Limited

6.97%

Sector Allocation

About the Scheme Type

Ultra Short Duration Mutual Funds invest in very short term debt securities with a small portion in longer term debt securities. Ultra Short Duration Mutual Fund maybe used by investors for both short term needs as well as Systematic Transfer Plans (STPs) as they hep investors avoid interest rate risks and offer better returns than most money market instruments. They invest in securities with a maturity period of both greater and less than 91 days and the typical investment horizon ranges from 1 week to 18 months. The returns from these attract capital gains which are taxable.

Ratings

This fund is rated 4 stars by Morning Star Ratings.

★ ★ ★ ★ ☆

Overview of DHFL Pramerica Asset Managers Private Limited

DHFL was founded in 1984 by Late Shri Rajesh Kumar Wadhawan with a vision to provide financial access to the lower and middle income segments of the society. Today, led by Mr. Kapil Wadhawan, CMD, DHFL, the Company is one of India's leading mortgage finance institutions with presence in over 351 locations across the country, in addition to representative offices in Dubai and London.

DHFL Pramerica Mutual Fund is headquartered in Mumbai, with presence in 19 cities including branches in Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata and Pune. DHFL Pramerica Mutual Fund brings a rich blend of global resources, intellectual acumen and local investment expertise and is committed to designing superior and meaningful, wealth-building solutions for our investors. DHFL Pramerica Mutual Fund provides unique training and education programs for building exceptional capabilities and best business practices for its business associates.

All through its years of growth, DHFL has stayed with its core vision of financial inclusion. The Company's wide network, coupled with insights into local customer needs has enabled the Company to provide meaningful financial access to customers even in India's smallest towns. With a strong business foundation, an extensive distribution network, proven industry expertise and a deep understanding of the Indian customer, DHFL is one of India's largest financial services companies.