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 ₹74.54 Crores and the latest NAV decalared is ₹2131.010 as on 13 Dec 2019 at 9:20 pm.
Principal Ultra Short Term Fund Direct-Growth scheme return performance in last 1 year is 7.58%, in last 3 years is 17.40% and 65.71% 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.