Baroda BNP Paribas Money Market Fund Direct Growth

Baroda BNP Paribas Money Market Fund Direct Growth

Debt

Direct

Money Market

NAV as on 23-12-2024

₹ 1341.78

Inception Returns

5.5%

/yr

About Baroda BNP Paribas Money Market Fund Direct Growth

Baroda BNP Paribas Money Market Fund Direct Growth is a debt fund. This fund was started on 19 June, 2019. The fund is managed by Gurvinder Wasan, Vikram Pamnani. This fund is suitable to keep your money safe.

Key Parameters

  1. Baroda BNP Paribas Money Market Fund Direct Growth has ₹464 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Baroda BNP Paribas Money Market Fund Direct Growth has given a CAGR return of 5.48% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.51%, 6.30% and 5.27% respectively.

Holdings

Baroda BNP Paribas Money Market Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are Export-Import Bank Of India, ICICI Bank Limited, 08.15 MP Sdl 2025, Indian Bank, National Bank For Agriculture And Rural Development

Taxation

As it is a money market mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Baroda BNP Paribas Money Market Fund Direct Growth

The primary objective of the Scheme is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made in money market instruments.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Baroda BNP Paribas Money Market Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
5 people have invested ₹ 6K in Baroda BNP Paribas Money Market Fund Direct Growth in the last three months

Baroda BNP Paribas Money Market Fund Direct Growth Overview

Expense ratio0.23%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹464 Cr
Inception Date19 June, 2019
Min Lumpsum/SIP₹5000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
4.3%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (23-Dec-24)

Period
Baroda BNP Paribas Money Market Fund Direct Growth
Money Market Index
1M
0.6%
0.4%
3M
1.8%
1.4%
6M
3.7%
3%
1Y
7.5%
6.8%
3Y
6.3%
6.1%
5Y
5.3%
5.5%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.9%

AAA
100%

Sector Allocation

Nov'24

Oct'24

Sep'24

Cash Equivalent
91.3%
Government
8.7%
All changes are between Oct'69 and Dec'69
Parameters
Nov'24
Oct'24
Sep'24
AUM
₹ 398.6 Cr
₹ 275.1 Cr
₹ 275.1 Cr
  • AUM of the fund stands at 398.6 Cr as of Nov'24
  • AUM increased by 123.5 Cr between Nov'24 and Oct'24
Cash allocation has gone down from 93.5% to 91.2%
Cash allocation has gone down from 93.5% to 91.2%
Debt allocation has gone up from 6.3% to 8.7%
Debt allocation has gone up from 6.3% to 8.7%

Top Sector in November was Government

Nov'24
Government
9%
Oct'24
Government
6%
  • Debt & Cash

Holdings
Weight%
1M Change
Export-Import Bank Of India
Export-Import Bank Of India
6.75%
100%
ICICI Bank Limited
ICICI Bank Limited
6.61%
100%
08.15 MP Sdl 2025
08.15 MP Sdl 2025
5.8%
0%
Indian Bank
Indian Bank
5.63%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
5.52%
100%
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Gurvinder Wasan
Gurvinder Wasan
Fund Manager of Baroda BNP Paribas Money Market Fund Direct Growth, since 21 October 2024
Vikram Pamnani
Vikram Pamnani
Fund Manager of Baroda BNP Paribas Money Market Fund Direct Growth, since 14 March 2022
Fund House
Baroda BNP Paribas Asset Management India Pvt. Ltd.
Total AUM
₹46.97K Cr
as on 29-Nov-2024
Address
Baroda BNP Paribas Mutual Fund,Crescenzo, 7th Floor, G-Block,,Bandra Kurla Complex
Phone
+912269209600
Website
service@barodabnpparibasmf.in

Mutual Fund Insights

Insights icon
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.99% return, outperforming this fund by 0.48%.
Insights icon
This fund has one of the lowest expense ratio in the category (money market). Its expense ratio is 0.23% which is lower than the category average expense ratio of 0.31%.
Insights icon
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.86% return, outperforming this fund by 0.56% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 1102.6% growth in AUM moving from 38.57 Cr to 463.78 Cr.
Insights icon
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.25% return, outperforming this fund by 0.98% per annum.

Baroda BNP Paribas Money Market Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 5.48% since inception which is more than its category average return of 5.36%
AUM size ₹464 Cr

AUM size ₹464 Cr

This fund has AUM of ₹464 Cr which is less than its category average of ₹ 9886 Cr
Expense Ratio 0.23%

Expense Ratio 0.23%

This fund has an expense ratio of 0.23% which is less than its category average expense ratio of 0.32%

Frequently Asked Questions for Baroda BNP Paribas Money Market Fund Direct Growth

The current NAV of Baroda BNP Paribas Money Market Fund Direct Growth is ₹1341.78 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
Baroda BNP Paribas Money Market Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.56%
0.56%
6 Month Returns
3.68%
3.68%
1 Year Returns
7.51%
7.51%
3 Years Returns
20.11%
6.3%
5 Years Returns
29.26%
5.27%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.23% as on November 2024
₹464 Cr as on November 2024
Export-Import Bank Of India(6.75%), ICICI Bank Limited(6.61%), 08.15 MP Sdl 2025(5.8%), Indian Bank(5.63%), National Bank For Agriculture And Rural Development(5.52%) as on November 2024
Cash Equivalent(72.92%), Corporate(17.83%), Government(9.25%) as on November 2024
Yield to Maturity is 7.42 as on November 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.41 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Gurvinder Wasan, Vikram Pamnani are the fund managers of Baroda BNP Paribas Money Market Fund Direct Growth
The Exit load of Baroda BNP Paribas Money Market Fund Direct Growth is 0%