Click here for top ranked funds in short term mutual funds.
However, Scripbox does not recommend investing in short term mutual funds.
Short Term Funds invest in debt and money market instruments such that the duration of the portfolio is between 1 to 3 years.This exposes them to higher variations when interest rates change.
The category is one of the largest categories within the Debt Segment (9% of the total assets).
We assess the credit quality of funds in this category as relatively poor.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher credit risk and higher interest rate risk.
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Scheme Information
Investment Objective
To generate regular income and capital appreciation/ accretion through investment in debt instruments and related securities besides preservation of capital and has been designed to achieve stable returns over shorter-term investment horizons.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Principal Asset Management Private Limited manages assets worth 8,295 crores and was set up on 20 November 1994. It's current offering of mutual fund schemes includes 30 equity,31 debt and 16 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Category View
We check if the sub-category of the fund is recommended by us.
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Quality Of Fund’s Portfolio
We check the credit quality of the underlying instruments present in the fund. Higher the better.
Equity Funds
Debt Funds
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About Principal Short Term Debt Fund (G)
About Principal Short Term Debt Fund (G)
Principal Short Term Debt Fund (G) is a short term debt fund and has delivered an annualised return of 7.1% over a period of 18 years .The fund was previously known as Principal S/T Income Gr.The fund is managed by Principal Asset Management Private Limited.The fund manager’s name is Gurvinder Wasan.
Principal Short Term Debt Fund (G) Investment Objective
To generate regular income and capital appreciation/ accretion through investment in debt instruments and related securities besides preservation of capital and has been designed to achieve stable returns over shorter-term investment horizons. However, there is no assurance that the objective of the scheme will be realized.
Principal Short Term Debt Fund (G) NAV,AUM,Risk
The Principal Short Term Debt Fund (G) fund was launched on May 09, 2003. The NAV (Net Asset Value) of this short term debt as of 2021-06-18 is ₹ 34.803. The total AUM (Asset Under Management) of the fund as of 2021-06-21 is ₹ 139.748. The category risk of the Principal Short Term Debt Fund (G) fund is Moderate Risk.
The fund charges 1.03 % as expense ratio.
Principal Short Term Debt Fund (G) Holdings
The fund’s highest allocation is towards debt and has invested 81.0% in this asset class. The top three holdings of the fund are 5.15% govt stock 2025,06.45 mh sdl 2027 and 5.22% goi 2025
Principal Short Term Debt Fund (G) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 2000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
Principal Short Term Debt Fund (G) Investment volatility and Horizon
This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Short Term Bond Fund TR INR.
Principal Short Term Debt Fund (G) Review
Principal Short Term Debt Fund (G) has a score of 3 on a scale of 5. The fund scores 5 out of 5 based on historical performance. As compared to the other funds in its category, Principal Short Term Debt Fund (G) has a score of 2 out of 5.
The credit risk of the fund is 4 out of 5 as compared to other debt funds.
