Formerly Principal Money Mgr Gr
However, Scripbox does not recommend investing in ultra short mutual funds.
14 Years. The Fund has Sufficient history for analysis and the track record is good.
131 Cr. Small within the category
Impact of Interest Rate Changes
Low Interest Rate Risk. The impact on fund value is quite low when interest rates change
Credit Quality Of Fund's Portfolio
Lowest Credit Risk. The fund has a very high credit quality compared to other debt funds
To generate regular income & capital appreciation through investments in debt securities and money market instruments.
Low to Moderate
Low to Moderate Risk
Dec 28, 2007
Launched (14y ago)
AUM in Crores
NIFTY Ultra Short Duration Debt TR INR
Returns Calculator Comparison
with step up of
|Instrument||Returns||Total Corpus||Gains||Annualised %|
|Mutual Fund||₹ 965,796||₹ 233,184||11.25%|
|EPF||₹ 900,761||₹ 168,149||8.50%|
|Property||₹ 867,662||₹ 135,050||7.00%|
|PPF||₹ 869,819||₹ 137,207||7.10%|
|Bank FD||₹ 846,471||₹ 113,859||6.00%|
|Gold||₹ 846,471||₹ 113,859||6.00%|
|Savings Bank||₹ 825,950||₹ 93,338||5.00%|
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.
Comparison with Debt Funds
About the AMC
Principal Asset Management Private Limited
Principal Asset Management Private Limited manages assets worth 7,791 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.
₹ 2,518 Cr
₹ 539 Cr
₹ 160 Cr
₹ 199 Cr
₹ 160 Cr
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Principal Ultra Short Term Fund (G) is a ultra short debt fund and has delivered an annualised return of 6.0% over a period of 14 years .The fund was previously known as Principal Money Mgr Gr.The fund is managed by Principal Asset Management Private Limited.The fund manager’s name is Bekxy Kuriakose.
To generate regular income & capital appreciation through investments in debt securities and money market instruments. However, there is no assurance that the objective of the scheme will be realized.
The Principal Ultra Short Term Fund (G) fund was launched on Dec 28, 2007. The NAV (Net Asset Value) of this ultra short debt as of 2021-05-10 is ₹ 2183.3534. The total AUM (Asset Under Management) of the fund as of 2021-05-11 is ₹ 130.536. The category risk of the Principal Ultra Short Term Fund (G) fund is Low to Moderate Risk. The fund charges 1.05 % as expense ratio.
The fund’s highest allocation is towards others and has invested 56.6% in this asset class. The top three holdings of the fund are bajaj finance limited,small industries development bank of india and hdb financial services limited
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.
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 NIFTY Ultra Short Duration Debt TR INR.
Principal Ultra Short Term Fund (G) has a score of 3 on a scale of 5. The fund scores 4 out of 5 based on historical performance. As compared to the other funds in its category, Principal Ultra Short Term Fund (G) has a score of 2 out of 5. The credit risk of the fund is 5 out of 5 as compared to other debt funds.