About Principal Ultra Short Term Fund Direct-Dividend Monthly Sweep
Principal Ultra Short Term Fund Direct-Dividend Monthly Sweep is a Debt
mutual fund scheme from Principal Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Bekxy Kuriakose
. It has an AUM of ₹58.79 Crores and the latest NAV decalared is ₹1059.076 as on 18 Oct 2019 at 9:25 pm.
Principal Ultra Short Term Fund Direct-Dividend Monthly Sweep scheme return performance in last 1 year is 8.04%, in last 3 years is 17.59% and 63.25% since scheme launch. The min. SIP amount to invest in this scheme is ₹2000.
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.