About PGIM India Ultra Short Term Direct-Dividend Monthly Reinvestment
PGIM India Ultra Short Term Direct-Dividend Monthly 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 managers Kunal Jain
and Kumaresh Ramakrishnan
. It has an AUM of ₹41.37 Crores and the latest NAV decalared is ₹11.939 as on 17 Oct 2019 at 11:35 pm.
PGIM India Ultra Short Term Direct-Dividend Monthly Reinvestment scheme return performance in last 1 year is 14.70%, in last 3 years is 31.98% and 87.90% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.