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.