February 19, 2024
mayank
Baroda BNP Paribas Credit Risk Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 21.5901
Quarterly NAV IDCW: Rs 12.6908
NAV IDCW Monthly: Rs 14.1095
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) 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) | 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
| Fund House | Baroda BNP Paribas Mutual Fund |
| Launch Date | 23-Jan-15 |
| Return Since Launch | 8.85% |
| Benchmark | CRISIL Credit Risk Debt C-III Index |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 165 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.79% |
| (As on 31-Jan-2024) | |
| Risk Grade | Low |
| Return Grade | Above 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 | 1.17 | 0.01 | 0.66 | 2.10 | 4.09 | 8.50 | 11.01 | 7.92 | 7.90 | — |
| CCIL T Bill Liquidity Weight | 0.63 | 0.05 | 0.42 | 1.21 | 2.28 | 4.69 | 3.15 | 3.27 | 3.53 | — |
| Debt: Credit Risk | 1.13 | 0.01 | 0.66 | 2.03 | 4.54 | 9.06 | 10.26 | 5.78 | 5.89 | — |
| Rank within category | 4 | 7 | 9 | 5 | 5 | 7 | 3 | 4 | 2 | — |
| Number of funds in category | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 13 | 6 |
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 | 5 star | 8.50 | 11.01 | 7.92 | 0.79 | 165 | 8.85 | 1.00 (365) | 9Y |
| Nippon India Credit Risk Dir | 4 star | 8.94 | 9.11 | 4.71 | 0.91 | 1,024 | 7.26 | 1.00 (365) | 11Y 1M |
| ABSL Credit Risk Dir | 4 star | 8.06 | 7.84 | 7.43 | 0.68 | 987 | 8.19 | 3.00 (365) | 8Y 10M |
| UTI Credit Risk Dir | 4 star | 7.62 | 11.51 | -0.71 | 0.90 | 410 | 4.86 | 1.00 (365) | 11Y 1M |
| HDFC Credit Risk Debt Dir | 2 star | 7.96 | 6.68 | 0.04 | 0.96 | 8,245 | 8.82 | 1.00 (365) | 9Y 10M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 19 | 37 |
| Macaulay Duration (yrs) | 1.72 | 1.92 |
| Average Maturity (yrs) | 2.32 | 2.46 |
| Yield to Maturity (%) | 8.64 | 8.39 |
| Avg Credit Rating | AA | — |
How to Invest in Baroda BNP Paribas Credit Risk Fund?
Chanakya’s Mutual Fund Guidance For Baroda BNP Paribas Credit Risk Fund
Apply Online: https://mfs.kfintech.com/barodabnpparibasmf
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Quicklinks
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