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PGIM India Ultra Short Term Fund: Structure & Investor Terms

By Business DeskPGIM India Ultra Short Term Fund: Structure & Investor Terms

Explore the PGIM India Ultra Short Term Fund: inception, 0% entry load, 3% exit load within 12 months, minimum investment, and NAV details.

The PGIM India Ultra Short Term Fund – Premium Plus Plan, established on December 10, 2011, outlines a clear operational framework for its investors. Classified as a Debt fund, its structure and management details provide insights into its market positioning and accessibility.

Key Financial Parameters

  • A significant feature is the 0% entry load, making initial investments more straightforward.
  • Conversely, an exit load of 3% is applied if units are redeemed within a 12-month period, influencing short-term liquidity decisions.
  • The fund mandates a minimum initial investment of ₹10,000.
  • For any subsequent investments, the minimum requirement is set at ₹1,000, facilitating incremental contributions.
  • Its Net Asset Value (NAV) was recorded at 10.6388 as of December 18, 2012, providing a historical valuation point.

Investment Mechanism Availability

  • It is notable that a Systematic Investment Plan (SIP) is currently not available for this particular fund.
  • However, investors retain the flexibility to utilize a Systematic Transfer Plan (STP) for portfolio adjustments.
  • Furthermore, a Systematic Withdrawal Plan (SWP) is also offered, allowing for regular income distributions.

The fund’s management is a key aspect of its operational continuity, with Puneet Pal leading since July 2022. Looking ahead, Akhil Dhar is slated to join the management team in February 2026, indicating a planned succession or expansion in oversight. These elements collectively shape the fund’s offering within the ultra short-term debt segment.

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