Principal Ultra Short Term Fund Growth - Latest NAV ₹1996.7391, Returns, Performance & Portfolio

Principal Ultra Short Term Fund Growth

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    6.52%
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    (+0.44)1996.7391

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Fund Summarystar

PeriodReturns(per year)
10 Years6.64%
5 Years6.52%
3 Years4.94%
1 Year1.27%
6 Months3.68%
Fund Details
ISININF173K01BY3
RiskModerately Low risk
Fund TypeUltra Short Duration
NAV1996.7391
Exit Load--

More about this fundstar

Top HoldingsWeightage
Vedanta Limited10.37%
National Housing Bank10.02%
National Bank For Agriculture And Rural Development9.99%
Indiabulls Housing Finance Limited9.98%
Small Industries Development Bank Of India7.97%
JM Financial Products Limited7.94%
91 DTB 020520190.56%

About Principal Ultra Short Term Fund

Principal Ultra Short Term Fund is an open-ended scheme that invests in money market instruments and debt instruments for a shorter time frame. The fund aims to provide reasonable returns without taking any undue risks. Macaulay duration of the portfolio will be anywhere in between 3-6 months. The fund may invest up to 50% of the net assets in securitised debts and 20% in securities lending.

Pros & Cons of Principal Ultra Short Term Fund

Principal Ultra Short Term Fund offers the following benefits:

  1. The scheme enables investors to generate returns with low risk within a short duration. The scheme offers high liquidity as the ideal investment period is only 3-6 months.
  2. However, the fund returns are very less as compared to the average category return. However, the fund returns are very less as compared to the average category return.
  3. The asset under management is only 54.64 crore.

Fund Information and Statistics of Principal Ultra Short Term Fund

i) Inception / Launch date

The Principal Ultra Short Term Fund was started on December 28, 2007, by Principal Asset Management.

ii) Risk level

The Principal Ultra Short Term Fund is a moderately low-risk bet and suitable for investors looking to park money for a short duration.

iii) Redemption

The units can be redeemed on any business day based at the applicable NAV. The fund house shall dispatch redemption proceeds within 10 Business Days of the receiving the redemption request.

iv) Fund Manager

The fund is managed by Mr Pankaj Jain since January 2012. He comes with 16 years of experience and has previously worked with Taurus Mutual Fund and Edelweiss Mutual Fund.

v) Entry / Exit load

The fund house does not charge any entry load or exit load.

Tax benefits of investing in Principal Ultra Short Term Fund

The Short-term capital gain tax will be levied on unitholders as per the income tax slab rate if units are held for less than 36 months. A long-term capital gains tax of 20% is applicable with indexation if units are held for more than three years.

About Principal Savings Ultra Short Term Fund

Principal mutual fund is a part of Principal Financial Group which was established in 1879. The fund house was established in India in 2000 and over the years, it has grown to a network of 20,000 distributors serving 5 lakh customers. It believes in bottom-up stock selection and disciplined risk management to deliver consistent performance.

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Frequently Asked Questions

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Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Moderately Low risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns