February 19, 2024
mayank
Baroda BNP Paribas Banking & PSU Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 11.5226
Quarterly NAV IDCW: Rs 11.5226
NAV IDCW Monthly: Rs 10.2729
Suitable For Which Investors?
“Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The Scheme seeks to provide regular income through a portfolio of debt and money market instruments consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs), Public Financial Institutions and Municipal Bonds.
Fund Manager:
1) Mayank Prakash
Education: Mr. Prakash is a Chartered Accountant and MBA (Finance).
Experience: Prior to joining Baroda BNP Paribas Mutual Fund he has worked with Kotak AMC.
2) Prashant R Pimple
Education: Mr. Pimple is a MBA (Finance) and CTM.
Experience: Prior to joining Baroda BNP Paribas Mutual Fund, he has worked with JM Mutual Fund, Nippon India Mutual Fund, Fidelity Mutual Fund, ICICI Bank, Bank of Bahrain & Kuwait, Saraswat Co-op Bank Ltd. and SIDBI.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Baroda BNP Paribas Mutual Fund |
| Launch Date | 17-Dec-20 |
| Return Since Launch | 4.58% |
| Benchmark | CRISIL Banking and PSU Debt |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 30 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.39% |
| (As on 31-Jan-2024) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
Trailing Returns (%) of Baroda BNP Paribas Banking & PSU Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Baroda BNP Paribas Banking & PSU Bond Dir | 1.23 | 0.05 | 0.88 | 2.10 | 3.73 | 7.72 | 4.97 | — | — | — |
| CCIL T Bill Liquidity Weight | 0.63 | 0.05 | 0.42 | 1.21 | 2.28 | 4.69 | 3.15 | — | — | — |
| Debt: Banking and PSU | 1.10 | 0.02 | 0.72 | 1.98 | 3.62 | 7.50 | 5.41 | — | — | — |
| Rank within category | 4 | 3 | 3 | 6 | 5 | 4 | 18 | — | — | — |
| Number of funds in category | 23 | 23 | 23 | 23 | 22 | 22 | 21 | 16 | 14 | 10 |
Peer Comparison of Baroda BNP Paribas Banking & PSU Bond 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 | |
| Baroda BNP Paribas Banking & PSU Bond Dir | 2 star | 7.72 | 4.97 | — | 0.39 | 30 | 4.58 | — | 3Y 2M |
| Bandhan Banking & PSU Debt Dir | 4 star | 7.31 | 5.35 | 7.39 | 0.33 | 14,537 | 7.76 | — | 10Y 11M |
| ABSL Banking & PSU Debt Dir | 4 star | 7.58 | 5.62 | 7.33 | 0.38 | 9,611 | 8.46 | — | 11Y 1M |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 7.95 | 6.05 | 7.48 | 0.39 | 8,277 | 8.18 | — | 11Y 1M |
| HDFC Banking and PSU Debt Dir | 4 star | 7.68 | 5.54 | 7.32 | 0.39 | 6,117 | 7.97 | — | 9Y 10M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 13 | 53 |
| Macaulay Duration (yrs) | 3.57 | 3.11 |
| Average Maturity (yrs) | 4.72 | 4.70 |
| Yield to Maturity (%) | 7.53 | 7.64 |
| Avg Credit Rating | AAA | — |
How to Invest in Baroda BNP Paribas Banking & PSU Bond Fund?
Chanakya’s Mutual Fund Guidance For Baroda BNP Paribas Banking & PSU Bond Fund
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