Should I invest in PGIM India Ultra Short Term Fund - Bonus?

We don't give personal investment advice. PGIM India Ultra Short Term Fund - Direct Plan - Bonus is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding.

PGIM India

PGIM India Ultra Short Term Fund - Direct Plan - Bonus

Latest NAV

₹18.2209

As of

28 Jul 2019

821 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.15%	+0.00%	+0.14	2 / 102	Q1
1W	+0.44%	-1.81%	+2.25	3 / 104	Q1
2W	+0.94%	+0.12%	+0.82	2 / 102	Q1
1M	+2.19%	+0.20%	+1.99	1 / 102	Q1
3M	+5.64%	+0.79%	+4.85	2 / 102	Q1
6M	+6.79%	+1.31%	+5.48	2 / 99	Q1
YTD	+7.55%	+1.32%	+6.23	2 / 100	Q1
1Y	+11.48%	-1.59%	+13.07	1 / 103	Q1
2Y	+9.23%	-1.79%	+11.02	3 / 99	Q1
3Y	+8.73%	+2.26%	+6.47	1 / 95	Q1
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+8.85%	-2.03%	+10.88	2 / 106	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2019 YTD	+7.55%	+1.58%	+5.97	8 / 72
2018	+7.97%	+0.60%	+7.37	3 / 49
2017	+7.06%	+1.82%	+5.24	9 / 49
2016	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+7.75%

30 windows

min 6.9% · max 11.5%

100% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+8.02%

5 windows

min 7.4% · max 8.7%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

1.40%

3-year · annualised

Sharpe ratio

1.36

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.81%

Apr 2019 → Apr 2019

% positive months

97.2%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Ultra Short Duration Fund

Scheme	Fund house	NAV	As of
HDFC Ultra Short Term Fund - Direct Plan-Daily IDCW Option	HDFC	₹10.0920	3 Jun 2026
NIPPON INDIA ULTRA SHORT DURATION FUND - DIRECT Plan - DAILY IDCW OPTION	Nippon India	₹1,114.1500	3 Jun 2026
SBI Ultra Short Duration Fund - Direct Plan - Daily Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹2,399.9423	3 Jun 2026
ICICI Prudential Ultra Short Term Fund - Direct Plan - Monthly IDCW	ICICI Prudential	₹10.7924	3 Jun 2026
Invesco India Ultra Short Duration Fund - Direct Plan - Annual IDCW (Payout / Reinvestment)	Invesco	₹2,168.5662	3 Jun 2026
BANDHAN ULTRA SHORT DURATION FUND - DIRECT PLAN -MONTHLY IDCW	Bandhan	₹10.0561	3 Jun 2026
Aditya Birla Sun Life Savings Fund-DIRECT - DAILY IDCW	Aditya Birla Sun Life	₹100.1187	3 Jun 2026
Motilal Oswal Ultra Short Term Fund Direct - IDCW Daily Reinvestment	Motilal Oswal	₹11.7326	3 Jun 2026
Franklin India Ultra Short Duration Fund - Direct - IDCW	Franklin India	₹10.7529	3 Jun 2026
Mirae Asset Ultra Short Duration Fund Direct IDCW	Mirae Asset	₹1,398.5715	3 Jun 2026

Recent NAVs

Date	NAV
28 Jul 2019	₹18.2209
26 Jul 2019	₹18.1944
25 Jul 2019	₹18.1804
24 Jul 2019	₹18.1675
23 Jul 2019	₹18.1542
22 Jul 2019	₹18.1416
19 Jul 2019	₹18.1030
18 Jul 2019	₹18.0902
17 Jul 2019	₹18.0774
16 Jul 2019	₹18.0646

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 28 Jul 2019, the NAV of PGIM India Ultra Short Term Fund - Direct Plan - Bonus is ₹18.2209. It's a Ultra Short Duration Fund from PGIM India, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

PGIM India Ultra Short Term Fund - Direct Plan - Bonus has NAV history starting from 08 Mar 2016, a track record of about 10 years 2 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

PGIM India Ultra Short Term Fund - Direct Plan - Bonus is managed by PGIM India. It's classified by AMFI under the 'Ultra Short Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, PGIM India Ultra Short Term Fund - Direct Plan - Bonus has delivered a absolute return of 11.48% — +13.07 pp ahead of the Ultra Short Duration Fund category average of -1.59%. The fund ranks #1 of 103 in its category — the top (Q1) quartile.

Over the trailing 3-year window, PGIM India Ultra Short Term Fund - Direct Plan - Bonus has delivered a CAGR of 8.73% — +6.47 pp ahead of the Ultra Short Duration Fund category average of 2.26%. The fund ranks #1 of 95 in its category — the top (Q1) quartile.

PGIM India Ultra Short Term Fund - Direct Plan - Bonus doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in PGIM India Ultra Short Term Fund - Direct Plan - Bonus exactly 3 years ago would be worth approximately ₹128,543 today — a multiplier of 1.29×, based on the 3-year CAGR of 8.73%. The category average over the same window would have grown ₹1 lakh to ₹106,934.

A ₹10,000 monthly SIP in PGIM India Ultra Short Term Fund - Direct Plan - Bonus over the last 3 years — total invested ₹360,000 — would be worth ₹416,944 today. That's an XIRR (money-weighted annualised return) of 9.77%.

PGIM India Ultra Short Term Fund - Direct Plan - Bonus doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹416,944 — XIRR 9.77%.

On a 3-year basis, PGIM India Ultra Short Term Fund - Direct Plan - Bonus ranks #1 out of 95 funds in the Ultra Short Duration Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 2.26%; this fund delivered 8.73%.

The worst peak-to-trough decline PGIM India Ultra Short Term Fund - Direct Plan - Bonus has experienced over the last 3-year window is 0.81% — its NAV fell from a high on 16 Apr 2019 to a low on 30 Apr 2019. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, PGIM India Ultra Short Term Fund - Direct Plan - Bonus averaged 8.02% (best 8.73%, worst 7.42%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is 1.36 — strong risk-adjusted performance.

In calendar year 2018, PGIM India Ultra Short Term Fund - Direct Plan - Bonus returned 7.97% — beating the Ultra Short Duration Fund category average of 0.60% by 7.37 pp. It ranked #3 of 49 in its category that year.

PGIM India Ultra Short Term Fund - Direct Plan - Bonus is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. PGIM India Ultra Short Term Fund - Direct Plan - Bonus is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.