February 20, 2024
mayank
Baroda BNP Paribas Innovation Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Baroda BNP Paribas Innovation Fund Open Date, Close Date?
NFO opens on February 14, 2024
NFO will close on February 28, 2024
What is Fund Investment Strategy?
The scheme seeks to seek long term capital appreciation by investing at least 80% of its net assets in equity/equity related instruments of companies focusing and benefitting from innovation.
Basic Details
| Fund House | Baroda BNP Paribas Mutual Fund |
| Issue Open | 14 February 2024 |
| Issue Close | 28 February 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption Within 1 year |
| Riskometer | Very High |
| Benchmark | NIFTY 500 TRI |
What is the Benchmark Index?
The Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices
Portfolio Characteristics
| Methodology | Free Float Market Capitalization |
| No. of Constituents | 501 |
| Launch Date | |
| Base Date | January 01, 1995 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 12.36 | 25.76 | 25.76 | 16.20 | 10.77 |
| Total Return | 12.53 | 26.91 | 26.91 | 17.47 | 12.49 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 9.65 | 18.36 | 22.48 |
| Beta (NIFTY 50) | 0.94 | 0.95 | 0.93 |
| Correlation (NIFTY 50) | 0.95 | 0.99 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 24.48 | 3.91 | 1.17 |
Top constituents by weightage
| Company’s Name | Weight (%) |
| HDFC Bank Ltd. | 8.36 |
| Reliance Industries Ltd. | 5.69 |
| ICICI Bank Ltd. | 4.55 |
| Infosys Ltd. | 3.58 |
| Larsen & Toubro Ltd. | 2.71 |
| ITC Ltd. | 2.66 |
| Tata Consultancy Services Ltd. | 2.50 |
| Axis Bank Ltd. | 1.99 |
| Kotak Mahindra Bank Ltd. | 1.83 |
| Bharti Airtel Ltd. | 1.70 |
Performance Review of the Fund Manager of Baroda BNP Paribas Innovation Fund?
1) Pratish Krishnan
Education: Mr. Krishnan has done MMS in Finance
Experience: Prior to joining Baroda BNP Paribas Mutual Fund he has worked with Antique Stock Broking as Sr Analyst- IT, Telecom & Media, DSP Merrill Lynch as Vice President- Research, SBI Capital Markets as Sr. research Analyst, Cholamandalam DBS Finance LTD as Research Analyst.
Past Performance of his Schemes
| Fund | Baroda BNP Paribas Equity Savings Fund | It’s Benchmark | Baroda BNP Paribas Balanced Advantage Fund | It’s Benchmark |
| 1 Year | 13.74 | 12.43 | 21.08 | 19.02 |
| 3 Year | 7.68 | 8.77 | 12.68 | 14.11 |
| 5 Year | — | — | 15.06 | 14.58 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
Which Company Owns Baroda BNP Paribas Innovation Fund?
Baroda BNP Paribas Asset Management (India) Private Ltd.
Address: BNP Paribas House, 7th Floor, G-Block, Bandra Kurla Complex, Bandra Mumbai – 400051
Website: https://www.barodabnpparibasmf.in/
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Is it good to invest in Baroda BNP Paribas Innovation Fund?
Guidance for Baroda BNP Paribas Innovation Fund by Paresh Gordhandas, C.A., Research Analyst.
Innovation Funds are like an Old wine in a new bottle (something that we have highlighted earlier too). Many AMCs are launching Innovation Fund, eg. ICICI Prudential Innovation Fund, UTI Innovation Fund, Nippon India Innovation Fund etc. But all these Funds are investing in companies such as HDFC Bank, L&T, Reliance Industries, ITC, TCS etc. So though the benchmark is different from that of a large cap fund, the fund comprises of the same old companies. Since the companies are good, the Fund is expected to give good returns.
But in that case it is better to invest in Large Cap Funds with a long track record and larger AUMs.
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