About PGIM India Low Duration Fund Direct Plan - Growth
PGIM India Low Duration Fund Direct Plan - Growth 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 ₹23.979 as on 31 Mar 2020 at 9:00 pm.
PGIM India Low Duration Fund Direct Plan - Growth scheme return performance in last 1 year is -9.34%, in last 3 years is 5.56% and 56.54% 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.