MonitorDirect · GrowthWatch before adding
PGIM India Ultra Short Term Fund
PGIM India Mutual FundIncome/Debt Oriented Schemes - Ultra Short Term Fund10.6 years
- NAV
- 38.5945
- 28 Oct 2026
- 1Y
- +6.1%
- Trailing CAGR
- AUM
- ₹211.36 Cr
- 31 Aug 2026
- Volatility
- High
- 16.8% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 60% of rolling 3-year windows.
Prefer peers if · Prefer Aditya Birla Sun Life Ultra Short Term Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
10.6 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.33% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -30.3%. Ask whether you can hold through a similar fall.
Vs category
Pass
60% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 63.7% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+6.1%
- 3Y+7.0%
- 5Y+6.5%
- 10Y+7.2%
- SI+7.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.3%
- 3Y+6.7%
- 5Y+6.8%
- 10Y+6.8%
- Since inception
- +7.3%
- Calendar-day CAGR
- Excess 1Y
- -0.2%
- Category median, same plan and option
- 3Y win rate
- +60%
- Windows beating the median
- 3Y percentile
- 22
- Vs comparable share classes
- SIP 3Y XIRR
- +6.7%
- Simulated monthly SIP
- Worst rolling 3Y
- -2.9%
- 1852 daily-ending windows
- Median rolling 3Y
- +7.2%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1365 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -30.3%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +9%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 3 days
- 92 recovered episodes
- Longest recovery
- 19 days
- Trough to prior peak
12 Sept 2019 – 27 Sept 2019
Trough 13 Sept 2019 · recovered in 14 days
-30.3%
5 Aug 2019 – 19 Aug 2019
Trough 6 Aug 2019 · recovered in 13 days
-1.1%
11 Mar 2020 – 27 Mar 2020
Trough 24 Mar 2020 · recovered in 3 days
-0.8%
16 Apr 2019 – 14 May 2019
Trough 30 Apr 2019 · recovered in 14 days
-0.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
22
Vs category
49
Consistency
57
Risk-adjusted
33
Drawdown
24
Mean
37
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- The fund beat the category median in 60% of rolling 3-year windows.
Portfolio
31 Aug 2026 · 25 holdings · top 10 are 63.7%.
- Top 5
- 40.1%
- Top 10
- 63.7%
- Largest holding
- 15.1%
- Effective holdings
- 16.2
Others CBLO
Unspecified
15.1%
AXIS BANK LIMITED CD 27NOV26
Financial
7.0%
EXPORT IMPORT BANK OF INDIA CD 01MAR27
Financial
6.9%
KOTAK MAHINDRA BANK LIMITED CD 05MAR27
Financial
6.4%
GOVERNMENT OF INDIA 37695 364 DAYS TBILL 22JL27 FV RS 100
Financial
4.8%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Aditya Birla Sun Life Ultra Short Term Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.4%
- Vol
- 0.7%
- Max DD
- -1.2%
- Sharpe
- 2.76
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Mahindra Manulife Ultra Short Term Fund
Mahindra Manulife Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.2%
- Vol
- 0.5%
- Max DD
- -0.5%
- Sharpe
- 0.80
- 3Y win
- +85%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Mirae Asset Ultra Short-Term Fund
Mirae Asset Mutual Fund
- 1Y
- +6.5%
- 3Y
- +7.3%
- Vol
- 0.4%
- Max DD
- -0.2%
- Sharpe
- 0.90
- 3Y win
- +95%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Sundaram Ultra Short Term Fund (Formerly Known as Sundaram Ultra Short Duration Fund)
Sundaram Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.2%
- Vol
- 0.4%
- Max DD
- -0.2%
- Sharpe
- 2.51
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Axis Ultra Short Term Fund
Axis Mutual Fund
- 1Y
- +6.6%
- 3Y
- +7.4%
- Vol
- 0.5%
- Max DD
- -0.8%
- Sharpe
- 1.63
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER