Mutual funds are not just about equities that provide growth; it is also about bringing stability to your investment portfolio with investments in debt funds. A debt fund is a mutual fund scheme that invests in fixed income instruments, such as bonds, corporate debt securities and money market instruments, which are less volatile compared to equities. Investments in short-term debt funds are suitable for short- to mid-term goals and for investors who want regular income and are risk-averse. Debt funds are liquid with the potential to earn higher returns compared to traditional fixed income instruments.
NAV as on 15 Jan 2022
Regular Plan - Growth Option
Inception Date: 29 Aug 2019
NAV as on 14 Jan 2022
Inception Date: 28 Feb 2020
Inception Date: 05 Sep 2007
Inception Date: 22 Jun 2007
Inception Date: 18 Nov 2008
Inception Date: 21 Jan 2003
Inception Date: 12 Jan 2012
Inception Date: 29 Sep 2014
Inception Date: 11 Mar 2013
Inception Date: 27 Oct 2008
ICRA has assigned the “[ICRA]A1+mfs” (pronounced as ICRA A one plus m f s) rating to the PGIM India Overnight Fund. Schemes with “[ICRA]A1mfs” rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they have made. Modifier {“+” (plus)} can be used with the rating symbol to reflect the comparative.
ICRA has assigned the "[ICRA] AAAmfs" (pronounced as ICRA triple A m f s) rating to the PGIM India Insta Cash Fund, PGIM India Ultra Short Term Fund, PGIM India Banking and PSU Debt Fund, PGIM India Dynamic Bond Fund and PGIM India Premier Bond Fund. Schemes with this rating are considered to have the highest degree of safety regarding timely receipt of payments from the investments that they have made.
The ratings should, however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns For complete rating scale and definitions please refer to ICRA's Website www.icra.in or other ICRA Rating Publications ICRA Credit Quality Rating Methodology for debt mutual fund schemes ICRA's mutual fund rating methodology is based on evaluating the inherent credit quality of the fund's portfolio. As a measure of the credit quality of a debt fund's assets, ICRA uses the concept of "credit scores". These scores are based on ICRA's estimates of credit risk associated with each exposure of the portfolio taking into account its maturity. To quantify the credit risk scores, ICRA uses its database of historical default rates for various rating categories for various maturity buckets. The credit risk ratings incorporate ICRA's assessment of a debt fund's published investment objectives and policies, its management characteristics, and the creditworthiness of its investment portfolio. ICRA reviews relevant fund information on an ongoing basis to support its published rating opinions. If the portfolio credit score meets the benchmark of the assigned rating during the review, the rating is retained. In an event that the benchmark credit score is breached, ICRA gives a month's time to the debt fund manager to bring the portfolio credit score within the benchmark credit score. If the debt fund manager is able to reduce the portfolio credit score within the benchmark credit score, the rating is retained. If the portfolio still continues to breach the benchmark credit score, the rating is revised to reflect the change in credit quality.
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