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 ₹118.18 Crores and the latest NAV decalared is ₹23.678 as on 20 Jan 2020 at 10:30 pm.
PGIM India Low Duration Fund Direct Plan - Growth scheme return performance in last 1 year is -8.80%, in last 3 years is 5.78% and 54.57% 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.