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    • Principal Short Term Debt Fund (Growth)

    Formerly Principal S/T Income Gr

    Principal Mutual Fund

    Principal Short Term Debt Fund (Growth)

    DebtShort Term

    35.3125

    NAV (Sep 23)

    4.5%
    3 Year CAGR
    Scripbox Opinion

    Neutral

    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.

    Our analysis of this fundLearn how we rate funds ->

    Track Record

    18 Years. The fund has an Extended history for analysis and the track record is excellent.

    Relative Size

    133 Cr. Small within the category

    Impact of Interest Rate Changes

    High Interest Rate Risk. The impact on fund value is high when interest rates change

    Credit Quality Of Fund's Portfolio

    Low Credit Risk. The fund has a high credit quality compared to other debt funds

    Invest in this fund
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    Short Term Money

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment

    No single fund can achieve what a plan can. Learn why

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    Historical NAV

    35.3125

    NAV (Sep 23)

    Fund Returns

    Last 1Y
    4.8%
    Last 3Y
    4.5%
    Last 5Y
    4.9%
    Last 10Y
    7%
    Since Inception
    7.1%
    6 Month CAGR
    3%
    info-icon-blue

    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.

    Low

    Low to Moderate

    Moderate

    Moderately High

    High

    Very High

    risk-indicator-arrow.svg

    Moderate Risk

    Expense Ratio
    1.03
    Launched (18y ago)
    May 09, 2003
    AUM in Crores
    132.129
    ISIN
    INF173K01BA3
    Lock-in
    No Lock-in
    Benchmark
    CRISIL Short Term Bond Fund TR INR
    SIP Minimum
    2000
    Lumpsum Min.
    5000
    Fund Managers
    user-avatar

    Gurvinder Wasan

    Fund Manager

    calculator

    Returns Calculator Comparison

    of

    for

    with step up of

    InstrumentReturnsTotal CorpusGainsAnnualised %
    Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
    EPF70% ₹ 900,761 ₹ 168,1498.50%
    Property70% ₹ 867,662 ₹ 135,0507.00%
    PPF70% ₹ 869,819 ₹ 137,2077.10%
    Bank FD70% ₹ 846,471 ₹ 113,8596.00%
    Gold70% ₹ 846,471 ₹ 113,8596.00%
    Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

    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.

    build-long-item-wealth-img

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • Inflation beating returns
      Inflation beating returns
    • Expert Investing Only, Car, Down Payment
      Expert Investing Only, Car, Down Payment
    • One click investing  tracking
      One click investing tracking
    comparison

    Comparison with Debt Funds

    Fund NameScripbox OpinionFund SizeTrack Record

    Kotak Savings Fund (G)

    recommended-badge

    ₹ 13,951 cr

    5

    recommended-badge

    ₹ 33,662 cr

    5

    recommended-badge

    ₹ 11,134 cr

    5

    recommended-badge

    ₹ 31,274 cr

    5

    recommended-badge

    ₹ 24,210 cr

    5

    amc-icon

    About the AMC

    Principal Asset Management Private Limited

    Principal Asset Management Private Limited manages assets worth 9,175 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.

    amc-img

  • tel-amc-about
    022-67720555
  • mail-amc-about
    customer@principalindia.com
  • Fund NameScripbox Opinion
    Till Date CAGR
    top-ranked-badge

    19.6%

    25.2%

    top-ranked-badge

    21.2%

    16.3%

    top-ranked-badge

    2.6%

    6.5%

    top-ranked-badge

    16.1%

    16.5%

    top-ranked-badge

    17.5%

    13.7%

    growth

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

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    Invest via netbanking, UPI or through an SIP (eNACH mandate).

    04

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    3,600+

    AUM

    2,500+

    Cities

    2012

    Established

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    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?
    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.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund 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

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

    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 fund as of 2021-09-23 is ₹35.31. The total AUM (Asset Under Management) of the fund as of 24/09/2021 is ₹132.129. 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 85.5% in this asset class. The top three holdings of the fund are , treps 16-sep-2021 , 5.15% govt stock 2025 , 5.22% goi 2025 , hdfc bank limited , icici bank limited , 7.17% govt stock 2028 , housing development finance corporation limited , national housing bank , reliance industries limited , power finance corporation limited , lic housing finance limited , hindustan petroleum corporation limited , national bank for agriculture and rural development , 06.45 mh sdl 2027 , ntpc limited , 6.18% govt stock 2024 , 8.14% maharashtra sdl 2025 , rural electrification corporation limited , 6.84% govt stock 2022 , indian railway finance corporation limited , 7.59% govt stock 2026 , net receivable / payable , 5.63% govt stock 2026 , housing development finance corporation limited , 7.16% govt stock 2023 , 7.27% govt stock 2026 , 7.32% govt stock 2024 , national bank for agriculture and rural development , indian oil corporation limited , ntpc limited

    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 has a score of 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 2out of 5 The credit risk of the fund is 4 out of 5 as compared to other debt funds.

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