April 29, 2025
mayank
Baroda BNP Paribas Credit Risk Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 24.0887
Quarterly NAV IDCW: Rs 12.7845
NAV IDCW Monthly: Rs 14.3937
Suitable For Which Investors?
“Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors’ money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable.
Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.”
Fund’s Investment Strategy:
The Scheme seeks to generate returns by investing in debt and money market instruments across the credit spectrum.
Fund Manager:
1) Gurvinder Singh Wasan
Education: Mr. Wasan is a Chartered Accountant, CFA and Master of Commerce from Mumbai University.
Experience: Prior to joining JM Mutual Fund, he has worked with Principal Mutual Fund, Crisil Ltd. and ICICI Bank Ltd.
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 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details of Baroda BNP Paribas Credit Risk Fund
| Fund House | Baroda BNP Paribas Mutual Fund |
| Launch Date | 23-Jan-15 |
| Return Since Launch | 8.94% |
| Benchmark | CRISIL Credit Risk Debt B-II Index |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 173 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.79% |
| (As on 31-Mar-2025) | |
| Risk Grade | Below Average |
| Return Grade | Average |
Trailing Returns (%) of Baroda BNP Paribas Credit Risk Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Baroda BNP Paribas Credit Risk Dir | 3.50 | 0.03 | 1.21 | 2.80 | 4.75 | 9.90 | 8.19 | 10.29 | 8.07 | 8.81 |
| CCIL T Bill Liquidity Weight | 1.29 | -0.50 | 0.00 | 0.91 | 2.02 | 4.55 | 4.12 | 3.34 | 3.61 | 3.89 |
| Debt: Credit Risk | 5.70 | 0.81 | 2.00 | 5.02 | 7.00 | 12.02 | 8.90 | 10.32 | 6.62 | 7.38 |
| Rank within category | 9 | 6 | 9 | 11 | 9 | 8 | 8 | 4 | 5 | 2 |
| Number of funds in category | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 13 |
Peer Comparison of Baroda BNP Paribas Credit Risk 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 Credit Risk Dir | 4 star | 9.90 | 8.19 | 10.29 | 0.79 | 173 | 8.94 | 1.00 (365) | 10Y 3M |
| Nippon India Credit Risk Dir | 4 star | 10.15 | 8.30 | 9.50 | 0.70 | 1,001 | 7.52 | 1.00 (365) | 12Y 3M |
| HDFC Credit Risk Debt Dir | 2 star | 9.45 | 7.61 | 8.49 | 1.02 | 7,230 | 8.86 | 1.00 (365) | 11Y 1M |
| ICICI Pru Credit Risk Dir | 2 star | 10.00 | 8.23 | 8.47 | 0.77 | 6,131 | 8.94 | 1.00 (365) | 12Y 3M |
| SBI Credit Risk Dir | 3 star | 9.91 | 8.32 | 8.25 | 0.89 | 2,255 | 8.70 | 3.00 (365) | 12Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 27 | 34 |
| Macaulay Duration (yrs) | 2.38 | 2.20 |
| Average Maturity (yrs) | 3.29 | 2.93 |
| Yield to Maturity (%) | 8.14 | 8.06 |
| Avg Credit Rating | AA | — |
Chanakya’s Mutual Fund Guidance For Baroda BNP Paribas Credit Risk Fund
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