September 19, 2024
mayank
Baroda BNP Paribas Nifty200 Momentum 30 Index 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 Nifty200 Momentum 30 Index Fund Open Date, Close Date?
NFO opens on September 25, 2024
NFO will close on October 09, 2024
What is the Investment Strategy?
The scheme seeks to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty200 Momentum 30 Total Returns Index before expenses, subject to tracking errors, fees, and expenses.
Basic Details
| Fund House | Baroda BNP Paribas Mutual Fund |
| Issue Open | 25 September 2024 |
| Issue Close | 09 October 2024 |
| Type | Open-ended |
| Category | Equity: Large Cap |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0.2% for redemption within 7 days |
| Riskometer | Very High |
| Benchmark | Nifty 200 Momentum 30 TRI |
What is the Benchmark Index of Baroda BNP Paribas Nifty200 Momentum 30 Index?
‘Nifty200 Momentum 30’ Index which aims to track the performance of the top 30 companies within the Nifty 200 selected based on their Normalised Momentum Score. The Normalised Momentum Score for each company is determined based on its 6-month and 12-month price return, adjusted for its daily price return volatility. The weight of each stock is based on the factor tilt methodology – the weight is derived by multiplying the free float market cap with the Normalised Momentum Score of that stock.
Stock weights are capped at the lower of 5% or 5 times the weight of the stock in the index based only on free float market capitalization.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 5.11 | 35.65 | 67.04 | 29.26 | 20.44 |
| Total Return | 5.51 | 36.91 | 68.91 | 30.53 | 21.79 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 20.72 | 21.77 | 22.64 |
| Beta (NIFTY 50) | 1.24 | 0.97 | 0.94 |
| Correlation (NIFTY 50) | 0.79 | 0.86 | 0.89 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 24.0 | 5.36 | 1.25 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| rent Ltd. | 6.32 |
| Tata Motors Ltd. | 5.49 |
| NTPC Ltd. | 5.44 |
| Bajaj Auto Ltd. | 5.32 |
| Bharti Airtel Ltd. | 5.30 |
| Coal India Ltd. | 4.86 |
| Adani Ports and Special Economic Zone Ltd. | 4.80 |
| Bharat Electronics Ltd. | 4.56 |
| REC Ltd. | 4.55 |
| Mahindra & Mahindra Ltd. | 4.55 |
Performance Review of the Fund Managers of Baroda BNP Paribas Nifty200 Momentum 30 Index Fund?
1) Neeraj Saxena
Education: He is PGDBA finance and Masters in Organic Chemistry
Experience: Prior to joining Baroda BNP Paribas AMC, he has worked with Stratcap Securities, Karvy Stock Broking and Iden Investment Advisors
Past Performance of his Schemes
| Fund | Baroda BNP Paribas India Consumption Fund | It’s Benchmark | Baroda BNP Paribas Midcap Fund | It’s Benchmark |
| 1 Year | 45.95 | 36.50 | 47.38 | 50.45 |
| 3 Year | 21.92 | 17.85 | 23.72 | 26.16 |
| 5 Year | 26.78 | 23.27 | 30.85 | 32.83 |
| 7 Year | — | — | 19.09 | 20.18 |
| 10 Year | — | — | 19.50 | 20.64 |
As on 19-9-2024
Which Company Owns Baroda BNP Paribas Nifty200 Momentum 30 Index?
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: https://mfs.kfintech.com/mfs/
Is it good to invest in Baroda BNP Paribas Nifty200 Momentum 30 NFO?
Guidance for Baroda BNP Paribas Nifty200 Momentum 30 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
The fund is based on the ‘Nifty200 Momentum 30’ Index which aims to track the performance of the top 30 companies within the Nifty 200 selected based on their Normalised Momentum Score. The Normalised Momentum Score for each company is determined based on its 6-month and 12-month price return, adjusted for its daily price return volatility.
The mutual fund will invest in a portfolio of 30 companies that are part of the Nifty 200 Momentum 30 Index based on their normalised momentum scores. The Nifty 200 comprises the largest 200 companies according to market capitalisation, and therefore, this fund will reduce the risk of exposure to smaller companies which are considered to be risky.
Factor investing is about choosing securities to invest on the basis of specific characteristics that provide greater returns.
According to the Fund House, data analysis over the past 15 years has shown that the Nifty 200 Momentum total return index (TRI) has a compounded annual growth rate (CAGR) of 22 per cent.
Past performance of the benchmark Index reveals good returns generated over the 1 year and 5 year time horizon.
Can invest
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