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 ₹140.24 Crores and the latest NAV decalared is ₹23.469 as on 05 Dec 2019 at 10:40 pm.
PGIM India Low Duration Fund Direct Plan-Growth scheme return performance in last 1 year is -8.42%, in last 3 years is 5.95% and 53.20% 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.