February 19, 2024
mayank
Baroda BNP Paribas Arbitrage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 15.3095
Quarterly NAV IDCW:Rs 10.8968
NAV IDCW Monthly: Rs 10.7190
NAV Adhoc IDCW: Rs 11.2179
Suitable For Which Investors?
“Arbitrage funds invest in equity shares and derivatives, and earn their returns through the price differential between a stock and its futures. You can expect to earn better returns than what you would get from a bank account.
They are usually suitable to park your money for a period ranging between three months to a year. However, we believe that liquid funds, which have a similar risk-return payoff, are a better alternative for most investors for such a time frame. Arbitrage funds may have some appeal for those who are in the highest tax bracket, given the preferential tax treatment of these funds.
The risk of incurring a loss in these funds over the said time frame is low but they do not guarantee returns or safety of capital.
Remember, these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate income and capital appreciation by investing in a combination of diversified portfolio of equity and equity related instruments, including use of equity derivatives strategies and arbitrage opportunities with exposure in debt and fixed income instruments.
Fund Manager:
1) Neeraj Saxena
Education: He is PGDBA finance and Masters in Organic Chemistry
Experience: Prior to joining Baroda BNP Paribas AMC, he has worked with Stratcap Securities, Karvy Stock Broking and Iden Investment Advisors
2) Vikram Pamnani
Education: Mr. Pamnani holds PGDM in Finance.
Experience: Prior to joining Baroda BNP Paribas Mutual Fund, he worked with Essel Finance AMC Ltd. as Fund Manager, Canara Robeco AMC Ltd. as Fixed Income Dealer & Deutsche Bank as Process Executive.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption Within 7 days |
Basic Details
| Fund House | Baroda BNP Paribas Mutual Fund |
| Launch Date | 28-Dec-16 |
| Return Since Launch | 6.15% |
| Benchmark | NIFTY 50 Arbitrage TRI |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 721 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.38% |
| (As on 31-Jan-2024) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 2641.00% |
Trailing Returns (%) of Baroda BNP Paribas Arbitrage Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Baroda BNP Paribas Arbitrage Dir | 1.29 | 0.08 | 0.69 | 2.09 | 4.15 | 8.26 | 5.85 | 5.82 | 6.10 | — |
| CCIL T Bill Liquidity Weight | 0.63 | 0.05 | 0.42 | 1.21 | 2.28 | 4.69 | 3.15 | 3.27 | 3.53 | — |
| Hybrid: Arbitrage | 1.25 | 0.07 | 0.66 | 2.07 | 4.04 | 7.97 | 5.79 | 5.66 | 5.88 | — |
| Rank within category | 8 | 14 | 7 | 15 | 6 | 4 | 15 | 9 | 5 | — |
| Number of funds in category | 27 | 27 | 27 | 27 | 25 | 25 | 24 | 20 | 16 | 9 |
Peer Comparison of Baroda BNP Paribas Arbitrage Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Baroda BNP Paribas Arbitrage Dir | 3 star | 8.26 | 5.85 | 5.82 | 0.38 | 721 | 6.15 | 0.25 (7) | 7Y 1M | 2641.00 |
| Kotak Equity Arbitrage Dir | 4 star | 8.40 | 6.21 | 5.95 | 0.43 | 35,998 | 7.01 | 0.25 (30) | 11Y 1M | 1988.17 |
| Nippon India Arbitrage Dir | 4 star | 8.20 | 6.09 | 5.93 | 0.39 | 13,073 | 7.04 | 0.25 (30) | 11Y 1M | 1177.00 |
| Invesco India Arbitrage Dir | 5 star | 8.34 | 6.32 | 6.02 | 0.37 | 12,849 | 6.85 | 0.50 (15) | 11Y 1M | 1811.00 |
| ABSL Arbitrage Dir | 4 star | 8.18 | 6.03 | 5.84 | 0.36 | 9,798 | 6.89 | 0.25 (15) | 11Y 1M | 1490.00 |
Portfolio Analysis of Baroda BNP Paribas Arbitrage Fund
| No. of Stocks | 74 |
| Top 10 Holdings | 36.43% |
| Top 5 Stocks | 22.79% |
| Top 3 Sectors | 1.82% |
| Portfolio P/B Ratio | 2.43 |
| Portfolio P/E Ratio | 18.56 |
Portfolio Breakup
| Average Mkt Cap (Rs Cr) | 1,28,415 | 1,56,919 |
| Giant (%) | 42.51 | 45.16 |
| Large (%) | 24.49 | 30.83 |
| Mid (%) | 28.61 | 22.85 |
| Small (%) | 4.39 | 2.47 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 166 | 202 |
| Macaulay Duration (yrs) | 0.68 | 0.29 |
| Average Maturity (yrs) | 0.94 | 0.30 |
| Yield to Maturity (%) | 7.34 | 7.35 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Baroda BNP Paribas Arbitrage Fund?
Chanakya’s Mutual Fund Guidance For Baroda BNP Paribas Arbitrage Fund
Apply Online: https://mfs.kfintech.com/barodabnpparibasmf
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