PGIM India Ultra Short Term Fund Direct IDCW NAV today
AMFI: 138362ISIN: INF223J01QR0MUTF_IN: PGIM_INDI_ULTR_1LU8360PGIM India Mutual FundUltra Short Duration funds
Formerly Dws Ultra Short Term Fund, PGIM India Ultra Short Duration Fund
NAV ₹10.2659
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹232 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 0.33%21 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- None
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each.
- 6.73%30 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Low to ModerateAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 2530 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 24 Oct 2003
PGIM India Ultra Short Term Fund returns
Read from the direct plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | +0.01% | – | – | – | – |
| 1 month | +0.31% | – | 2 of 26 | +0.26% | +0.2% to +0.3% |
| 3 months | +1.45% | – | 8 of 25 | +1.42% | +1.4% to +1.5% |
| 6 months | +3.08% | – | 14 of 25 | +3.08% | +3.0% to +3.2% |
| 1 year | +6.11% | +6.40%to 30 Sep 2026 | 24 of 25 | +6.33% | +6.2% to +6.4% |
| 3 years | +6.99% | +7.08%to 30 Sep 2026 | 19 of 24 | +7.15% | +7.0% to +7.3% |
| 5 years | +6.47% | +6.54%to 30 Sep 2026 | 17 of 24 | +6.59% | +6.4% to +6.7% |
| 10 years | Left out | – | – | +6.51% | +6.2% to +6.7% |
₹10,000 put in on 27 Sep 2019, the first price after the NAV last changed level, is ₹15,222 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: CRISIL Ultra Short Duration Debt A-I Index, over the same days as the fund, or to the month end its cell names. Rank, median and middle half among the Direct plans of Ultra Short Term Fun funds, each fund's return to its latest NAV on or before 25 Oct 2026. Left out: the window crosses a day the NAV changed level without the market moving, such as a unit split.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 7 days yearly rate | +4.29% | +3.75% |
| 15 days yearly rate | +5.39% | +5.05% |
| 1 month yearly rate | +5.94% | +6.00% |
| 3 months yearly rate | +6.15% | +6.22% |
| 6 months yearly rate | +6.94% | +6.76% |
| 1 year | +6.26% | +6.40% |
| 3 years | +7.05% | +7.08% |
| 5 years | +6.48% | +6.54% |
| 10 years | +7.20% | +6.54% |
| Since launch | +7.84% | +7.17% |
Benchmark: CRISIL Ultra Short Duration Debt A-I Index. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
Highest year to Dec 2014, +9.8%; lowest year to Dec 2021, +3.7%
No return for the year to Dec 2019 and year to Mar 2020: the NAV changed level or stopped pricing in that year.
PGIM India Ultra Short Term Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,23,819₹1,23,813 after stamp duty | +6.22% | +6.21% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,97,675₹3,97,656 after stamp duty | +6.67% | +6.67% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,11,283₹7,11,248 after stamp duty | +6.80% | +6.80% | ₹30 |
10 years: Left out: the NAV changed level on 27 Sep 2019 without the market moving.
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 2 Jan 2013 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year2,839 windows+3.6%+7.4%+14.1%100.0%
3 years1,880 windows+4.8%+7.3%+9.9%100.0%
5 years915 windows+5.9%+7.3%+9.4%100.0%
Every 1, 3 and 5-year window ended higher than it started.From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
PGIM India Ultra Short Term Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.60 ptsA year, on 21 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.33%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.93%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 0.49%, Dec 2018.Direct plan lowest 0.13%, Oct 2019.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.28% | 0.79% |
| Brokerage | None | None |
| Transaction costs | None | None |
| Statutory levies | 0.05% | 0.14% |
Per cent of assets a year, filed for 21 Oct 2026. The parts add up to that day's total.
Buying and selling
- SIP minimum
- Monthly/Quarterly : 1000
- SIP instalments, at least
- 5
- SIP dates
- Any date of the month or quarter, as applicable
PGIM India Ultra Short Term Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹198 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 44.0%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹3,224 Cr, quarter to Sep 2017.
Assets at each month end
Highest ₹746 Cr, Apr 2022.Lowest ₹41 Cr, Sep 2019.
PGIM India Ultra Short Term Fund portfolio
Portfolio disclosed for 30 Sep 2026.
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each.
- 6.73%Lines stating a yield: 97.66% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio.
- 6.40%Direct plan
- Macaulay durationMacaulay duration. The weighted average time, in years, until the fund's bonds pay back their interest and principal.
- 105days
- Modified durationModified duration. Roughly how much the bonds' value changes, in per cent, for each one point change in interest rates.
- 101days
- Average maturityAverage maturity. The weighted average time, in years, until the fund's bonds are repaid.
- 105days
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over.
- 100.00%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window.
- None
The bond book is the fund's bonds, bills and overnight lending.
Holdings on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Yield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|
| Punjab National BankCRISIL A1+, repaid 9 Mar 2027 | Bonds and bills | 8.81% | 20.39 | 21,00,000 | 6.85% | Sep 2026 |
| 91 DAYS TBILL RED 17-12-2026SOVEREIGN, repaid 17 Dec 2026 | Bonds and bills | 8.54% | 19.77 | 20,00,000 | 5.50% | Sep 2026 |
| 7.95% Sikka Ports and Terminals Ltd.CRISIL AAA, repaid 28 Oct 2026 | Bonds and bills | 6.48% | 15.01 | 15,00,000 | 6.34% | Sep 2026 |
| HDB Financial Services Ltd.CRISIL A1+, repaid 4 Nov 2026 | Bonds and bills | 6.44% | 14.90 | 15,00,000 | 7.00% | Sep 2026 |
| Axis Bank Ltd.CRISIL A1+, repaid 27 Nov 2026 | Bonds and bills | 6.42% | 14.85 | 15,00,000 | 6.27% | Jun 2026 |
| Export Import Bank of IndiaCRISIL A1+, repaid 1 Mar 2027 | Bonds and bills | 6.30% | 14.59 | 15,00,000 | 6.83% | Aug 2026 |
| Kotak Mahindra Bank Ltd.CRISIL A1+, repaid 5 Mar 2027 | Bonds and bills | 5.88% | 13.61 | 14,00,000 | 6.76% | May 2026 |
| 8.97% Muthoot Finance Ltd.CRISIL AA+, 8.97% coupon, repaid 18 Jan 2027 | Bonds and bills | 4.33% | 10.02 | 10,00,000 | 7.75% | Aug 2026 |
| 7.71% REC Ltd.CRISIL AAA, 7.71% coupon, repaid 26 Feb 2027 | Bonds and bills | 4.32% | 10.01 | 10,00,000 | 7.08% | Jul 2026 |
| Canara BankCRISIL A1+, repaid 22 Jan 2027 | Bonds and bills | 4.23% | 9.80 | 10,00,000 | 6.69% | May 2026 |
| National Bank for Agriculture & Rural DevelopmentCRISIL A1+, repaid 28 Jan 2027 | Bonds and bills | 4.22% | 9.78 | 10,00,000 | 6.88% | Mar 2026 |
| Small Industries Development Bank of IndiaCRISIL A1+, repaid 18 Feb 2027 | Bonds and bills | 4.21% | 9.74 | 10,00,000 | 6.95% | Feb 2026 |
| HDFC Bank Ltd.CARE A1+, repaid 5 Mar 2027 | Bonds and bills | 4.20% | 9.72 | 10,00,000 | 6.89% | Mar 2026 |
| Infina Finance Pvt Ltd.CRISIL A1+, repaid 17 Nov 2026 | Bonds and bills | 3.85% | 8.92 | 9,00,000 | 7.29% | Nov 2025 |
| 8.15% Tata Steel Ltd.CARE AA+, repaid 4 Oct 2026 | Bonds and bills | 2.16% | 5.00 | 5,00,000 | 5.94% | Apr 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Clearing Corporation of India Ltd. | 2.29% | 5.31 |
| Net Receivables / (Payables) | 1.53% | 3.54 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 8.81%Punjab National Bank
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 36.69%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 61.75%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 18.3Taken over 96.18% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Bonds and bills95.56%
- Units of other funds0.62%
- Cash and receivables3.82%
Per cent of the fund's net assets.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared.Loans of over a year
- Sovereign10.87%
- AAA13.38%
- AA10.80%
Loans of under a year
- A1+60.51%
Other
- Overnight lending2.29%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off.- Up to 1 month13.08%
- 1 to 3 months29.09%
- 3 to 6 months52.91%
- 6 to 12 months2.77%
- 1 to 3 yearsNone
- 3 to 5 yearsNone
- 5 to 10 yearsNone
- Over 10 yearsNone
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
- Largest borrowerLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 8.81%Punjab National Bank
- Top 5 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 34.05%
- Top 10 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 56.66%
Per cent of the fund's net assets. Lent outside the government: 84.69% of the fund, to 16 borrowers; the borrower is named for 80.06% of it, its group for 4.05%.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 736.72% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 12.84% of the fund before
- MaturedMatured. Bonds and deposits whose repayment date fell between the two portfolios, so they were repaid rather than sold. One sold in its last days reads the same.
- 4
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 0
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 1
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 17
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 2.84%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 36.72%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| Punjab National Bank | New | 8.81% | 0.00% | +8.81 pts | +21,00,000 |
| 91 DAYS TBILL RED 17-12-2026 | New | 8.54% | 0.00% | +8.54 pts | +20,00,000 |
| 7.95% Sikka Ports and Terminals Ltd. | New | 6.48% | 0.00% | +6.48 pts | +15,00,000 |
| HDB Financial Services Ltd. | New | 6.44% | 0.00% | +6.44 pts | +15,00,000 |
| Small Industries Development Bank of India | Matured | – | 4.73% | −4.73 pts | – |
| Aditya Birla Money Ltd. | Matured | – | 4.72% | −4.72 pts | – |
| 364 DAYS TBILL RED 22-07-2027 | Trimmed | 0.19% | 4.76% | −4.57 pts | −10,10,939 |
| 7.98% Bajaj Housing Finance Ltd. | Sold out | – | 2.84% | −2.84 pts | −6,00,000 |
| 8.5% Cholamandalam Investment & Finance Company Ltd. | New | 2.16% | 0.00% | +2.16 pts | +5,00,000 |
| JM Financial Services Ltd. | New | 2.15% | 0.00% | +2.15 pts | +5,00,000 |
| 364 DAYS TBILL RED 10-12-2026 | New | 2.14% | 0.00% | +2.14 pts | +5,00,000 |
| ICICI Securities Ltd. | Matured | – | 1.42% | −1.42 pts | – |
| 364 DAYS TBILL RED 10-09-2026 | Matured | – | 0.47% | −0.47 pts | – |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Punjab National Bank | – | – | – | – | – | – | – | – | – | – | – | 8.81%Bought |
| 91 DAYS TBILL RED 17-12-2026 | – | – | – | – | – | – | – | – | – | – | – | 8.54%Bought |
| 7.95% Sikka Ports and Terminals Ltd. | – | – | – | – | – | – | – | – | – | – | – | 6.48%Bought |
| HDB Financial Services Ltd. | – | – | – | – | – | – | – | – | – | – | – | 6.44%Bought |
| Axis Bank Ltd. | – | – | – | – | – | – | – | – | 8.82%Bought | 8.33% | 6.99% | 6.42% |
| Export Import Bank of India | – | – | – | – | – | – | – | – | – | – | 6.87%Bought | 6.30% |
| Kotak Mahindra Bank Ltd. | – | – | – | – | – | – | – | 7.57%Bought | 8.09% | 7.63% | 6.41% | 5.88% |
| 8.97% Muthoot Finance Ltd. | – | – | – | – | – | – | – | – | – | – | 4.75%Bought | 4.33% |
| 7.71% REC Ltd. | – | – | – | – | – | – | – | – | – | 5.69%Bought | 4.74% | 4.32% |
| Canara Bank | – | – | – | – | – | – | – | 5.45%Bought | 5.82% | 5.50% | 4.61% | 4.23% |
| National Bank for Agriculture & Rural Development | – | – | – | – | – | 5.86%Bought | 5.70% | 5.44% | 5.81% | 5.49% | 4.60% | 4.22% |
| Small Industries Development Bank of India | – | – | – | – | 5.66%Bought | 5.84% | 5.67% | 5.41% | 5.79% | 5.46% | 4.58% | 4.21% |
| HDFC Bank Ltd. | – | – | – | – | – | 5.82%Bought | 5.66% | 5.40% | 5.77% | 5.45% | 4.57% | 4.20% |
| Infina Finance Pvt Ltd. | – | 4.02%Bought | 4.84% | 4.73% | 5.16% | 5.32% | 5.19% | 4.96% | 5.29% | 4.99% | 4.19% | 3.85% |
| 8.15% Tata Steel Ltd. | – | – | – | – | – | – | 3.01%Bought | 2.86% | 3.02% | 2.84% | 2.37% | 2.16% |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Ultra Short Term Fun funds (24 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.0.42%
0.31%Lowest0.43%Average0.50%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.No losing month
0.00%Lowest0.00%Average0.00%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.2.27
0.96Lowest2.53Average3.44Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.6.64
2.25Lowest8.29Average15.70Highest
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 and 3 years | −0.06% | 6 Jul 2026 | 8 Jul 2026 | 13 Jul 2026 |
| 5 years | −0.21% | 2 May 2022 | 6 May 2022 | 25 May 2022 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Feb 2024 to Aug 202631 months | Low to Moderate | Low to ModerateCRISIL Ultra Short Duration Debt A-I Index |
| Dec 2022 to Jan 202414 months | Low to Moderate | ModerateCRISIL Ultra Short Duration Debt A-I Index |
| Oct 2022 to Nov 20222 months | Low to Moderate | Low to ModerateCRISIL Ultra Short Duration Debt A-I Index |
| Feb 2022 to Sep 20228 months | Low to Moderate | ModerateCRISIL Ultra Short Duration Debt A-I Index |
| Dec 2021 to Jan 20222 months | Low to Moderate | Moderately HighNIFTY Ultra Short Duration Debt Index A-I |
| Nov 20211 month | Low to Moderate | ModerateNIFTY Ultra Short Duration Debt Index A-I |
| Oct 20211 month | Low to Moderate | Moderately HighNIFTY Ultra Short Duration Debt Index A-I |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
PGIM India Ultra Short Term Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Puneet Palis a Primary Fund Manager for Debt | Jul 2022 | +6.94%a year | – | – | 60.7% | 56.1% | 20 | ₹22,852 Cr |
| Akhil Dharis a Comanage Fund Manager for Debt. | Feb 2026 | +4.17%over 233 days | – | – | 71.6% | 70.4% | 8 | ₹3,223 Cr |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| PGIM India Midcap FundPuneet Pal | Jul 2022 | +12.12%a year | +18.78% | −6.66 pts | ₹10,537 Cr |
| PGIM India Flexi Cap FundPuneet Pal | Apr 2023 | +12.51%a year | +13.80% | −1.29 pts | ₹5,595 Cr |
| PGIM India Small Cap FundPuneet Pal | Apr 2023 | +18.80%a year | +22.24% | −3.44 pts | ₹1,739 Cr |
| PGIM India Liquid FundPuneet Pal | Jul 2022 | +6.88%a year | – | – | ₹1,438 Cr |
| PGIM India Large and Midcap FundPuneet Pal | Feb 2024 | +9.00%a year | +5.85% | +3.15 pts | ₹777 Cr |
| PGIM India Balanced Advantage FundPuneet Pal | Dec 2021 | +7.30%a year | – | – | ₹681 Cr |
| PGIM India Multi Cap FundPuneet Pal | Sep 2024 | +2.66%a year | −1.96% | +4.62 pts | ₹460 Cr |
| PGIM India Multi Asset Allocation FundPuneet Pal | Nov 2025 | +3.50%over 317 days | – | – | ₹324 Cr |
| PGIM India Aggressive Hybrid Equity FundPuneet Pal | Apr 2023 | +10.00%a year | – | – | ₹193 Cr |
| PGIM India Healthcare FundPuneet Pal | Dec 2024 | +9.24%a year | – | – | ₹130 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| ITI Ultra Short Term FundITI Mutual Fund | 12.62% | 5 |
| Franklin India Ultra Short Term FundFranklin Templeton Mutual Fund | 10.93% | 4 |
| Baroda BNP Paribas Ultra Short Term FundBaroda BNP Paribas Mutual Fund | 10.06% | 4 |
| SBI Ultra Short Term FundSBI Mutual Fund | 9.70% | 3 |
| Sundaram Ultra Short TermSundaram Mutual Fund | 9.36% | 6 |
| Mahindra Manulife Ultra Short Term FundMahindra Manulife Mutual Fund | 8.75% | 5 |
| Invesco India Ultra Short Term FundInvesco Mutual Fund | 7.32% | 4 |
| Nippon India Ultra Short Term FundNippon India Mutual Fund | 7.23% | 8 |
| Canara Robeco Ultra Short Term FundCanara Robeco Mutual Fund | 6.65% | 3 |
| HSBC Ultra Short Term FundHSBC Mutual Fund | 5.43% | 3 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
PGIM India Ultra Short Term Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV.
Every payout
| IDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. | IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. | NAV before | NAV after | |
|---|---|---|---|---|
| 16 Oct 2026 | ₹0.0023 | 0.022% | ₹10.2667 | ₹10.2697 |
| 9 Oct 2026 | ₹0.0155 | 0.15% | ₹10.2799 | ₹10.2675 |
| 1 Oct 2026 | ₹0.0128 | 0.12% | ₹10.2772 | ₹10.2720 |
| 18 Sep 2026 | ₹0.008 | 0.078% | ₹10.2724 | ₹10.2698 |
| 11 Sep 2026 | ₹0.0073 | 0.071% | ₹10.2717 | ₹10.2678 |
| 4 Sep 2026 | ₹0.0215 | 0.21% | ₹10.2859 | ₹10.2697 |
| 28 Aug 2026 | ₹0.0167 | 0.16% | ₹10.2811 | ₹10.2712 |
| 21 Aug 2026 | ₹0.0037 | 0.036% | ₹10.2681 | ₹10.2704 |
| 14 Aug 2026 | ₹0.0148 | 0.14% | ₹10.2792 | ₹10.2681 |
| 7 Aug 2026 | ₹0.0183 | 0.18% | ₹10.2827 | ₹10.2710 |
| 31 Jul 2026 | ₹0.0134 | 0.13% | ₹10.2778 | ₹10.2715 |
| 24 Jul 2026 | ₹0.0126 | 0.12% | ₹10.2770 | ₹10.2717 |
All 100 payouts since 5 Apr 2024.
Changes to the fund
Newest first.
2026
- 30 SepCategoryCategory: Debt / Ultra Short Duration to Debt / Ultra Short Term Fun
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
2022
- 30 AprBenchmarkBenchmark: NIFTY Ultra Short Duration Debt Index A-I to CRISIL Ultra Short Duration Debt A-I Index
2019
- 30 NovBenchmarkBenchmark: CRISIL Liquid Debt Index to NIFTY Ultra Short Duration Debt Index A-I
Fund details
Objective
To provide liquidity and seek to generate returns by investing in a mix of short term debt and money market instruments. However, there is no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns.
Asset allocation
- Debt and Money Market Instruments including Government securities- Min 0% and Max 100%
Type of scheme
An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months. A relatively low interest rate risk and moderate credit risk scheme.
- Stated category
- Ultra-Short Term Fund
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- CRISIL Ultra Short Duration Debt A-I Index
- Potential risk classPotential risk class. The most risk a debt fund says it may take, as a letter and a numeral: the letter is credit risk, from A (relatively low) to C (relatively high), and the numeral is interest rate risk, from I (relatively low) to III (relatively high).
- B-I
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Low to Moderate
- New fund offer
- 16 Oct 2003 to 21 Oct 2003
- Units first allotted
- 24 Oct 2003
- Open for sale again
- 24 Oct 2003
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 138358 | INF223J01QO7 | PGIM_INDI_ULTR_QOFPRH | 2 Jan 2013 | |
| Regular Growth | 138343 | INF223J01FK8 | PGIM_INDI_ULTR_1HBY5DW | 15 Jul 2008 | |
| Direct IDCW | 138362 | INF223J01QR0 | INF223J01QS8 | PGIM_INDI_ULTR_1LU8360 | 2 Jan 2013 |
| Regular IDCW | 138341 | INF223J01FO0 | INF223J01FP7 | PGIM_INDI_ULTR_JJDW40 | 22 Jul 2008 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- Factsheet - September 2026 (opens in a new tab)PGIM India Mutual Fund, Sep 2026
Statement of additional information
- SAI PGIM India Mutual Fund (opens in a new tab)PGIM India Mutual Fund, Oct 2026
Annual report
- PGIM India Global Select Real Estate Securities Fund of Fund AR 2025-26 (opens in a new tab)PGIM India Mutual Fund, Jul 2026
- PGIM India Global Equity Opportunities Fund AR 2025-26 (opens in a new tab)PGIM India Mutual Fund, Jul 2026
- PGIM India Emerging Markets Equity Fund AR 2025-26 (opens in a new tab)PGIM India Mutual Fund, Jul 2026
- PGIM India Ultra Short Duration AR 2025-26 (opens in a new tab)PGIM India Mutual Fund, Jul 2026
Riskometer disclosure
- Riskometer changes during FY 25-26 (opens in a new tab)PGIM India Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Monthly Portfolio Overlap - Sep 2026 (opens in a new tab)PGIM India Mutual Fund, Sep 2026