About Principal Ultra Short Term Fund Direct - Growth
Principal Ultra Short Term Fund Direct - Growth 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 ₹140.42 Crores and the latest NAV decalared is ₹2203.704 as on 11 Jul 2020 at 8:33 pm.
Principal Ultra Short Term Fund Direct - Growth scheme return performance in last 1 year is 6.30%, in last 3 years is 16.47% and 71.36% 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.