About Principal Low Duration Fund Direct - Dividend Monthly Payout
Principal Low Duration Fund Direct - Dividend Monthly Payout 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 ₹98.43 Crores and the latest NAV decalared is ₹1036.492 as on 16 Jul 2020 at 10:18 am.
Principal Low Duration Fund Direct - Dividend Monthly Payout scheme return performance in last 1 year is 6.59%, in last 3 years is 1.91% and 50.47% 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.