About PGIM India Low Duration Fund Direct Plan - Dividend Weekly Reinvestment
PGIM India Low Duration Fund Direct Plan - Dividend Weekly Reinvestment is a Debt
mutual fund scheme from PGIM India Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Kumaresh Ramakrishnan
. It has an AUM of ₹103.06 Crores and the latest NAV decalared is ₹9.179 as on 03 Apr 2020 at 12:00 am.
PGIM India Low Duration Fund Direct Plan - Dividend Weekly Reinvestment scheme return performance in last 1 year is -9.28%, in last 3 years is 5.49% and 55.54% since scheme launch. The min. SIP amount to invest in this scheme is ₹5000.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.