February 20, 2024
mayank
Baroda BNP Paribas Money Market Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,261.0723
Weekly NAV IDCW: Rs 1,000.6860
NAV IDCW Monthly: Rs. 1,000.0000
Suitable For Which Investors?
“Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made in 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) 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) | — |
| 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 | 19-Jun-19 |
| Return Since Launch | 5.10% |
| Benchmark | CRISIL Money Market B-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 61 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.23% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | Low |
Trailing Returns (%) of Baroda BNP Paribas Money Market Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Baroda BNP Paribas Money Mkt Dir | 0.90 | 0.02 | 0.58 | 1.72 | 3.45 | 7.18 | 5.07 | — | — | — |
| CCIL T Bill Liquidity Weight* | 0.63 | 0.05 | 0.42 | 1.21 | 2.28 | 4.69 | 3.15 | — | — | — |
| Debt: Money Market* | 0.95 | 0.03 | 0.59 | 1.80 | 3.60 | 7.46 | 5.49 | — | — | — |
| Rank within category* | 23 | 17 | 17 | 22 | 22 | 20 | 18 | — | — | — |
| Number of funds in category* | 23 | 23 | 23 | 23 | 23 | 22 | 18 | 14 | 12 | 12 |
Peer Comparison of Baroda BNP Paribas Money Market 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 Money Mkt Dir | 1 star | 7.18 | 5.07 | — | 0.23 | 61 | 5.10 | — | 4Y 8M |
| ABSL Money Manager Dir | 5 star | 7.66 | 5.68 | 6.25 | 0.21 | 17,824 | 7.38 | — | 11Y 1M |
| HDFC Money Market Dir | 4 star | 7.59 | 5.63 | 6.24 | 0.23 | 17,521 | 7.28 | — | 11Y 1M |
| Tata Money Mkt Dir | 5 star | 7.76 | 5.80 | 6.25 | 0.16 | 17,030 | 6.60 | — | 11Y 1M |
| ICICI Pru Money Market Dir | 4 star | 7.60 | 5.57 | 6.07 | 0.21 | 14,894 | 7.23 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 10 | 54 |
| Macaulay Duration (yrs) | 0.57 | 0.33 |
| Average Maturity (yrs) | 0.58 | 0.33 |
| Yield to Maturity (%) | 7.71 | 7.59 |
| Avg Credit Rating | AAA | — |
How to Invest in Baroda BNP Paribas Money Market Fund?
Chanakya’s Mutual Fund Guidance For Baroda BNP Paribas Money Market Fund
Apply Online: https://mfs.kfintech.com/barodabnpparibasmf
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