February 19, 2024
mayank
Baroda BNP Paribas Floater Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 10.6392
NAV IDCW: Rs 10.0278
Suitable For Which Investors?
“This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.
They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that 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.
If you do decide to invest in them, remember that 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 regular income through investment in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt and money market instruments.
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 | 26-Apr-23 |
| Return Since Launch | 6.39% |
| Benchmark | CRISIL Low Duration Debt |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 41 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.24% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of Baroda BNP Paribas Floater Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Baroda BNP Paribas Floater Dir | 0.90 | 0.01 | 0.55 | 1.71 | 3.53 | — | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.63 | 0.05 | 0.42 | 1.21 | 2.28 | — | — | — | — | — |
| Debt: Floater | 1.01 | 0.01 | 0.63 | 1.87 | 3.73 | — | — | — | — | — |
| Rank within category | 10 | 8 | 10 | 11 | 12 | — | — | — | — | — |
| Number of funds in category | 13 | 13 | 13 | 13 | 13 | 12 | 8 | 6 | 5 | 5 |
Peer Comparison of Baroda BNP Paribas Floater 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 Floater Dir | Unrated | — | — | — | 0.24 | 41 | 6.39 | — | 9M |
| HDFC Floating Rate Debt Dir | 4 star | 8.04 | 5.94 | 6.97 | 0.26 | 16,101 | 7.81 | — | 11Y 1M |
| ABSL Floating Rate Dir | 5 star | 7.78 | 5.93 | 6.79 | 0.23 | 12,243 | 7.94 | — | 11Y 1M |
| UTI Floater Dir | 4 star | 7.61 | 5.51 | 6.69 | 0.35 | 1,409 | 6.72 | — | 5Y 3M |
| ICICI Pru Floating Interest Dir | 3 star | 8.50 | 6.12 | 7.43 | 0.61 | 10,636 | 8.23 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 3 | 46 |
| Macaulay Duration (yrs) | 0.12 | 1.59 |
| Average Maturity (yrs) | 4.05 | 3.74 |
| Yield to Maturity (%) | 7.42 | 7.85 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Baroda BNP Paribas Floater Fund?
Chanakya’s Mutual Fund Guidance For Baroda BNP Paribas Floater Fund
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