May 1, 2025
mayank
Baroda BNP Paribas Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,347.5460
Weekly NAV IDCW: Rs 1,000.2708
Suitable For Which Investors?
“Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don’t need for a few days up to a year.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The Scheme seeks to generate returns, commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of one business day.
Fund Manager:
1) Gurvinder Singh Wasan
Education: Mr. Wasan is a Chartered Accountant, CFA and Master of Commerce from Mumbai University.
Experience: Prior to joining JM Mutual Fund, he has worked with Principal Mutual Fund, Crisil Ltd. and ICICI Bank Ltd.
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 of Baroda BNP Paribas Overnight Fund
| Fund House | Baroda BNP Paribas Mutual Fund |
| Launch Date | 25-Apr-19 |
| Return Since Launch | 5.08% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 582 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.09% |
| (As on 31-Mar-2025) | |
| Risk Grade | — |
| Return Grade | Average |
Trailing Returns (%) of Baroda BNP Paribas Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Baroda BNP Paribas Overnight Dir | 2.08 | 0.02 | 0.49 | 1.52 | 3.19 | 6.60 | 6.37 | 5.09 | — | — |
| CCIL T Bill Liquidity Weight | 1.83 | 0.53 | 0.53 | 1.35 | 2.48 | 5.09 | 4.29 | 3.44 | — | — |
| Debt: Overnight | 2.06 | 0.02 | 0.48 | 1.50 | 3.17 | 6.55 | 6.34 | 5.07 | — | — |
| Rank within category | 8 | 9 | 11 | 10 | 9 | 8 | 7 | 11 | — | — |
| Number of funds in category | 34 | 35 | 34 | 34 | 34 | 34 | 28 | 27 | 2 | 2 |
Peer Comparison of Baroda BNP Paribas Overnight 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 Overnight Dir | 3 star | 6.60 | 6.37 | 5.09 | 0.09 | 582 | 5.08 | — | 6Y |
| Axis Overnight Dir | 5 star | 6.63 | 6.40 | 5.11 | 0.05 | 6,348 | 5.12 | — | 6Y 1M |
| ABSL Overnight Dir | 4 star | 6.59 | 6.37 | 5.09 | 0.05 | 5,253 | 5.17 | — | 6Y 6M |
| Nippon India Overnight Dir | 4 star | 6.61 | 6.38 | 5.10 | 0.08 | 4,738 | 5.16 | — | 6Y 4M |
| Kotak Overnight Dir | 4 star | 6.59 | 6.37 | 5.08 | 0.08 | 3,499 | 5.11 | — | 6Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 4 | 3 |
| Macaulay Duration (yrs) | 0.00 | 0.01 |
| Average Maturity (yrs) | 0.01 | 0.01 |
| Yield to Maturity (%) | 7.20 | 6.94 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Baroda BNP Paribas Overnight Fund
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