About Principal Low Duration Fund Direct-Dividend Monthly Reinvestment
Principal Low Duration Fund Direct-Dividend Monthly Reinvestment is a Debt
mutual fund scheme from Principal Mutual Fund
. This scheme was launched on 02 Jan 2013 and is currently managed by its fund manager Bekxy Kuriakose
. It has an AUM of ₹160.34 Crores and the latest NAV decalared is ₹990.551 as on 18 Oct 2019 at 9:25 pm.
Principal Low Duration Fund Direct-Dividend Monthly Reinvestment scheme return performance in last 1 year is -9.90%, in last 3 years is 3.08% and 43.80% since scheme launch. The min. SIP amount to invest in this scheme is ₹2000.
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.