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

We don't give personal investment advice. PGIM India Ultra Short Term Fund - Monthly 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 - Monthly Bonus

Latest NAV

₹13.9637

As of

2 Apr 2019

741 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	+0.00%	+0.01%	-0.01	37 / 41	Q4
1W	+0.25%	+0.13%	+0.12	4 / 41	Q1
2W	+0.25%	+0.13%	+0.13	4 / 40	Q1
1M	+0.76%	+0.20%	+0.55	2 / 40	Q1
3M	+2.08%	+0.76%	+1.32	5 / 41	Q1
6M	+4.52%	+1.24%	+3.29	4 / 41	Q1
YTD	+2.08%	+1.17%	+0.91	12 / 41	Q2
1Y	+7.87%	-6.85%	+14.73	2 / 45	Q1
2Y	+7.44%	-7.29%	+14.72	2 / 43	Q1
3Y	+7.63%	+1.84%	+5.80	2 / 36	Q1
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+7.73%	-7.05%	+14.78	2 / 45	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	+2.08%	+1.34%	+0.74	10 / 35
2018	+7.70%	+2.74%	+4.96	3 / 27
2017	+6.83%	+2.51%	+4.32	4 / 26
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

+7.28%

26 windows

min 6.7% · max 8.2%

100% positive

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

3-Year rolling

+7.64%

2 windows

min 7.6% · max 7.6%

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

0.49%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.17%

Mar 2019 → Mar 2019

% positive months

100.0%

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 - Daily IDCW Option	HDFC	₹10.1030	3 Jun 2026
NIPPON INDIA ULTRA SHORT DURATION FUND - DAILY IDCW OPTION	Nippon India	₹1,114.1500	3 Jun 2026
MAGNUM INSTA CASH FUND - DAILY DIVIDEND	SBI	₹2,371.0627	3 Jun 2026
ICICI Prudential Ultra Short Term Fund - Daily IDCW	ICICI Prudential	₹10.0696	3 Jun 2026
Franklin India Ultra Short Duration Fund - IDCW	Franklin India	₹10.6803	3 Jun 2026
Kotak Floater Long-Term-Growth	Kotak Mahindra	₹45.1033	3 Jun 2026
UTI - FLOATING RATE STP - INSTN GROWTH OPTION	UTI	₹3,193.4301	3 Jun 2026
PGIM India Ultra Short Duration Fund - Daily Dividend	PGIM India	₹10.0203	3 Jun 2026
Birla Sun Life Savings Fund - Discipline Advantage Plan	Birla Sun Life	₹330.9646	3 Jun 2026
Sundaram Ultra Short Duration Fund (Formerly Known as Principal Ultra Short Term Fund) - Income Distribution CUM Capital Withdrawal Option (IDCW)	Sundaram	₹1,066.5205	3 Jun 2026

Recent NAVs

Date	NAV
2 Apr 2019	₹13.9637
29 Mar 2019	₹13.9521
28 Mar 2019	₹13.9259
27 Mar 2019	₹13.9226
26 Mar 2019	₹13.9287
25 Mar 2019	₹13.9461
22 Mar 2019	₹13.9361
20 Mar 2019	₹13.9296
19 Mar 2019	₹13.9283
18 Mar 2019	₹13.9244

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 02 Apr 2019, the NAV of PGIM India Ultra Short Term Fund - Monthly Bonus is ₹13.9637. It's a Ultra Short Duration Fund from PGIM India, run as a Unknown plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

PGIM India Ultra Short Term Fund - Monthly 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 - Monthly 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 - Monthly Bonus has delivered a absolute return of 7.87% — +14.73 pp ahead of the Ultra Short Duration Fund category average of -6.85%. The fund ranks #2 of 45 in its category — the top (Q1) quartile.

Over the trailing 3-year window, PGIM India Ultra Short Term Fund - Monthly Bonus has delivered a CAGR of 7.63% — +5.8 pp ahead of the Ultra Short Duration Fund category average of 1.84%. The fund ranks #2 of 36 in its category — the top (Q1) quartile.

PGIM India Ultra Short Term Fund - Monthly 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 - Monthly Bonus exactly 3 years ago would be worth approximately ₹124,695 today — a multiplier of 1.25×, based on the 3-year CAGR of 7.63%. The category average over the same window would have grown ₹1 lakh to ₹105,614.

A ₹10,000 monthly SIP in PGIM India Ultra Short Term Fund - Monthly Bonus over the last 3 years — total invested ₹360,000 — would be worth ₹404,134 today. That's an XIRR (money-weighted annualised return) of 7.65%.

PGIM India Ultra Short Term Fund - Monthly Bonus doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹404,134 — XIRR 7.65%.

On a 3-year basis, PGIM India Ultra Short Term Fund - Monthly Bonus ranks #2 out of 36 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 1.84%; this fund delivered 7.63%.

The worst peak-to-trough decline PGIM India Ultra Short Term Fund - Monthly Bonus has experienced over the last 3-year window is 0.17% — its NAV fell from a high on 25 Mar 2019 to a low on 27 Mar 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 - Monthly Bonus averaged 7.64% (best 7.64%, worst 7.63%). 100% of rolling windows ended positive.

In calendar year 2018, PGIM India Ultra Short Term Fund - Monthly Bonus returned 7.70% — beating the Ultra Short Duration Fund category average of 2.74% by 4.96 pp. It ranked #3 of 27 in its category that year.

PGIM India Ultra Short Term Fund - Monthly 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 - Monthly 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.