February 19, 2024
mayank
Baroda BNP Paribas Gilt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 41.3503
NAV IDCW: Rs 32.6295
Suitable For Which Investors?
“This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors’ money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.
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 aims to generate income by investing in a portfolio of government securities. The corpus will be invested in sovereign securities issued by Central and State governments.
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 |
| 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 | 7.75% |
| Benchmark | CRISIL Dynamic Gilt Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 1,416 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.14% |
| (As on 31-Jan-2024) | |
| Risk Grade | Above Average |
| Return Grade | Average |
Trailing Returns (%) of Baroda BNP Paribas Gilt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Baroda BNP Paribas Gilt Dir | 1.79 | -0.01 | 1.38 | 2.91 | 4.20 | 8.83 | 5.33 | 6.95 | 6.54 | 8.09 |
| CCIL All Sovereign Bond – TRI | 2.94 | 0.12 | 2.28 | 4.28 | 5.64 | 9.77 | 5.73 | 7.96 | 7.50 | 8.93 |
| Debt: Gilt | 1.96 | -0.05 | 1.43 | 3.15 | 4.67 | 8.87 | 5.63 | 7.73 | 7.15 | 8.82 |
| Rank within category | 15 | 6 | 13 | 15 | 18 | 14 | 14 | 17 | 17 | 18 |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 23 | 20 | 20 | 20 | 20 |
Peer Comparison of Baroda BNP Paribas Gilt 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 Gilt Dir | 3 star | 8.83 | 5.33 | 6.95 | 0.14 | 1,416 | 7.75 | — | 11Y 1M |
| SBI Magnum Gilt Dir | 5 star | 9.32 | 6.32 | 8.70 | 0.47 | 7,821 | 9.30 | — | 11Y 1M |
| ICICI Pru Gilt Dir | 5 star | 9.18 | 6.39 | 8.51 | 0.56 | 4,617 | 8.64 | — | 11Y 1M |
| Kotak Gilt Investment PF & Trust Dir | 4 star | 9.29 | 6.01 | 8.30 | 0.40 | 3,044 | 8.32 | — | 11Y 1M |
| Kotak Gilt Investment Dir | 4 star | 9.29 | 6.01 | 8.30 | 0.46 | 3,044 | 8.38 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 14 | 11 |
| Macaulay Duration (yrs) | 6.40 | 6.96 |
| Average Maturity (yrs) | 8.96 | 11.82 |
| Yield to Maturity (%) | 7.43 | 7.30 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Baroda BNP Paribas Gilt Fund?
Chanakya’s Mutual Fund Guidance For Baroda BNP Paribas Gilt Fund
Apply Online: https://mfs.kfintech.com/barodabnpparibasmf
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