February 19, 2024
mayank
Baroda BNP Paribas Corporate Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 25.8769
NAV IDCW Yearly: Rs 11.1543
Quarterly NAV IDCW: Rs 10.4571
Suitable For Which Investors?
“Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). 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 generate income and capital gains through investments predominantly in AA+ and above rated corporate 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.
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 |
Basic Details
| Fund House | Baroda BNP Paribas Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.82% |
| Benchmark | CRISIL Corporate Bond B-III Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 143 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.20% |
| (As on 31-Jan-2024) | |
| Risk Grade | Above Average |
| Return Grade | Low |
Trailing Returns (%) of Baroda BNP Paribas Corporate Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Baroda BNP Paribas Corporate Bond Dir | 1.28 | 0.07 | 0.99 | 2.24 | 3.85 | 7.98 | 4.71 | 4.73 | 5.28 | 6.78 |
| VR Bond | 1.80 | 0.07 | 1.33 | 2.81 | 4.33 | 7.88 | 5.10 | 5.85 | 5.89 | 6.82 |
| Debt: Corporate Bond | 1.06 | 0.01 | 0.68 | 1.95 | 3.60 | 7.52 | 5.37 | 6.96 | 6.90 | 7.87 |
| Rank within category | 1 | 1 | 1 | 1 | 1 | 4 | 17 | 18 | 13 | 11 |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 19 | 18 | 13 | 11 |
Peer Comparison of Baroda BNP Paribas Corporate 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 Corporate Bond Dir | 2 star | 7.98 | 4.71 | 4.73 | 0.20 | 143 | 6.82 | — | 11Y 1M |
| ICICI Pru Corporate Bond Dir | 5 star | 7.99 | 6.03 | 7.54 | 0.32 | 23,762 | 8.18 | — | 11Y 1M |
| ABSL Corporate Bond Dir | 4 star | 7.90 | 5.85 | 7.51 | 0.33 | 20,838 | 8.19 | — | 11Y 1M |
| Axis Corporate Debt Dir | 4 star | 7.93 | 5.89 | 7.07 | 0.22 | 5,289 | 7.38 | — | 6Y 7M |
| Nippon India Corporate Bond Dir | 5 star | 8.00 | 6.23 | 7.07 | 0.34 | 2,648 | 7.92 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 19 | 66 |
| Macaulay Duration (yrs) | 4.08 | 2.96 |
| Average Maturity (yrs) | 5.43 | 3.90 |
| Yield to Maturity (%) | 7.62 | 7.70 |
| Avg Credit Rating | AAA | — |
How to Invest in Baroda BNP Paribas Corporate Bond Fund?
Chanakya’s Mutual Fund Guidance For Baroda BNP Paribas Corporate Bond Fund
Apply Online: https://mfs.kfintech.com/barodabnpparibasmf
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