February 19, 2024
mayank
Baroda BNP Paribas Banking and Financial Services Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 42.1841
NAV IDCW: Rs 23.2407
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme aims to provide long term capital appreciation by investing in equity and equity related securities of companies engaged in banking & financial services sector which are expected to show sustained growth & generate better performance.
Fund Manager:
1) Sandeep Jain
Education: Mr. jain is a C.A.
Experience: Prior to joining Baroda BNP Paribas Mutual Fund, he has worked with Aditya Birla Sunlife Insurance and Sundaram Mutual Fund.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 30 days |
Basic Details
| Fund House | Baroda BNP Paribas Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 11.80% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 118 Cr |
| (As on 31-Jan-2024) | |
| Expense | 1.26% |
| (As on 31-Jan-2024) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
| Turnover | 99.00% |
Trailing Returns (%) of Baroda BNP Paribas Banking and Financial Services Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Baroda BNP Paribas Banking & Fin Srvcs Dir | -0.74 | 0.32 | -1.95 | 10.74 | 16.37 | 26.23 | 9.84 | 14.38 | 12.70 | 16.35 |
| S&P BSE Bankex TRI | -3.22 | 0.18 | -2.89 | 5.44 | 6.69 | 12.70 | 8.52 | 12.41 | 12.96 | 16.98 |
| Equity: Sectoral-Banking | 0.70 | 0.37 | -0.74 | 8.95 | 14.54 | 25.19 | 12.68 | 16.03 | 14.20 | 18.46 |
| Rank within category | 16 | 16 | 16 | 5 | 7 | 9 | 12 | 8 | 9 | 7 |
| Number of funds in category | 23 | 25 | 23 | 22 | 21 | 18 | 13 | 11 | 11 | 8 |
Peer Comparison of Baroda BNP Paribas Banking and Financial Services 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 Banking & Fin Srvcs Dir | 2 star | 26.23 | 9.84 | 14.38 | 1.26 | 118 | 11.80 | 1.00 (30) | 11Y 1M | 99.00 |
| Nippon India Banking & Financial Srvices Dir | 4 star | 30.24 | 18.40 | 16.59 | 1.13 | 5,177 | 14.43 | 1.00 (30) | 11Y 1M | 27.00 |
| Tata Banking & Fin Srvcs Dir | 4 star | 24.72 | 12.42 | 17.46 | 0.51 | 1,949 | 18.26 | 0.25 (30) | 8Y 1M | 23.34 |
| Mirae Asset Banking and Fin Srvcs Dir | 4 star | 27.39 | 13.64 | — | 0.60 | 1,599 | 19.32 | 1.00 (365) | 3Y 2M | 28.00 |
| Sundaram Financial Services Opportunities Dir | 5 star | 37.29 | 16.68 | 20.52 | 0.80 | 1,142 | 14.52 | 1.00 (365) | 11Y 1M | 75.00 |
Portfolio Analysis of Baroda BNP Paribas Banking and Financial Services Fund
| No. of Stocks | 29 |
| Top 10 Stocks | 68.55% |
| Top 5 Stocks | 51.25% |
| Top 3 Sectors | 92.42% |
| Portfolio P/B Ratio | 2.51 |
| Portfolio P/E Ratio | 17.23 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,17,649 | 2,79,566 |
| Giant (%) | 62.87 | 63.03 |
| Large (%) | 12.44 | 21.38 |
| Mid (%) | 19.70 | 12.44 |
| Small (%) | 4.98 | 6.31 |
| Tiny (%) | — | — |
How to Invest in Baroda BNP Paribas Banking and Financial Services Fund?
Chanakya’s Mutual Fund Guidance For Baroda BNP Paribas Banking and Financial Services Fund
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
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