February 21, 2024
mayank
Baroda BNP Paribas Ultra Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,410.7192
NAV IDCW Daily: Rs 1,007.0751
Suitable For Which Investors?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
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. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate regular income by investing in a portfolio of debt and money market instruments such that the Macaulay duration of the portfolio is between 3 months 6 months. A Relatively Low Interest Rate Risk and Moderate Credit Risk
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 | 01-Jun-18 |
| Return Since Launch | 6.19% |
| Benchmark | CRISIL Ultra Short Duration Debt B-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 1,435 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.30% |
| (As on 31-Jan-2024) | |
| Risk Grade | Average |
| Return Grade | Above Average |
Trailing Returns (%) of Baroda BNP Paribas Ultra Short Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Baroda BNP Paribas Ultra Short Duration Dir | 1.03 | 0.08 | 0.61 | 1.78 | 3.61 | 7.50 | 5.65 | 5.87 | — | — |
| CCIL T Bill Liquidity Weight | 0.61 | -0.01 | 0.34 | 1.16 | 2.28 | 4.67 | 3.12 | 3.27 | — | — |
| Debt: Ultra Short Duration | 1.03 | 0.08 | 0.62 | 1.78 | 3.59 | 7.35 | 5.56 | 5.92 | — | — |
| Rank within category | 14 | 12 | 18 | 18 | 12 | 7 | 6 | 9 | — | — |
| Number of funds in category | 24 | 24 | 24 | 24 | 24 | 24 | 23 | 18 | 11 | 11 |
Peer Comparison of Baroda BNP Paribas Ultra Short Duration 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 Ultra Short Duration Dir | 3 star | 7.50 | 5.65 | 5.87 | 0.30 | 1,435 | 6.19 | — | 5Y 8M |
| ICICI Pru Ultra Short Term Dir | 5 star | 7.53 | 5.83 | 6.60 | 0.39 | 13,854 | 8.04 | — | 11Y 1M |
| Nippon India Ultra Short Duration Dir | 5 star | 7.66 | 7.37 | 5.72 | 0.38 | 5,319 | 7.13 | — | 11Y 1M |
| Axis Ultra Short Term Dir | 4 star | 7.60 | 5.72 | 6.24 | 0.31 | 4,582 | 6.47 | — | 5Y 5M |
| Tata Ultra Short Term Dir | 4 star | 7.58 | 5.62 | 5.93 | 0.31 | 2,377 | 5.95 | — | 5Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 45 | 49 |
| Macaulay Duration (yrs) | 0.47 | 0.40 |
| Average Maturity (yrs) | 0.48 | 0.42 |
| Yield to Maturity (%) | 7.73 | 7.73 |
| Avg Credit Rating | AAA | — |
How to Invest in Baroda BNP Paribas Ultra Short Duration Fund?
Chanakya’s Mutual Fund Guidance For Baroda BNP Paribas Ultra Short Duration Fund
Apply Online: https://mfs.kfintech.com/barodabnpparibasmf
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks
https://sahifund.com/bank-of-india-ultra-short-duration-fund/