About PGIM India Ultra Short Term Direct-Growth
PGIM India Ultra Short Term Direct-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 managers Kunal Jain
and Kumaresh Ramakrishnan
. It has an AUM of ₹40.79 Crores and the latest NAV decalared is ₹25.416 as on 18 Oct 2019 at 9:45 pm.
PGIM India Ultra Short Term Direct-Growth scheme return performance in last 1 year is 14.72%, in last 3 years is 31.98% and 86.46% 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.