About Principal Low Duration Fund Direct-Dividend Monthly Sweep
Principal Low Duration Fund Direct-Dividend Monthly Sweep 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 ₹159.54 Crores and the latest NAV decalared is ₹995.887 as on 20 Nov 2019 at 8:40 pm.
Principal Low Duration Fund Direct-Dividend Monthly Sweep scheme return performance in last 1 year is -10.16%, in last 3 years is 2.84% and 44.55% 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.