(An Open ended Hybrid Scheme investing
predominantly in debt instruments)
(An Open ended Hybrid Scheme investing
predominantly in debt instruments)
The primary objective of the Scheme is to generate regular returns through investments primarily in Debt and Money Market Instruments. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related securities. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.
NAV Details (As on December 31, 2024)| Regular Plan - Quarterly IDCW Option | : ₹ 11.3324 |
| Regular Plan - Monthly IDCW Option | : ₹11.1762 |
| Regular Plan - Growth Option | : ₹ 43.4082 |
| Direct Plan - Quarterly IDCW Option | : ₹ 13.0388 |
| Direct Plan - Monthly IDCW Option | : ₹ 13.4512 |
| Direct Plan - Growth Option | : ₹ 52.4947 |
Benchmark Index (Tier 1)CRISIL Hybrid 85+15 – Conservative Index
Date of AllotmentSeptember 23, 2004
Fund Manager | Category | Fund Manager | Managing fund since | Experience |
| Equity | Mr. Pratish Krishnan | 14-Mar-22 | 23 years |
| Fixed Income | Mr. Prashant Pimple | 21-Oct-22 | 24 years |
| Fixed Income | Mr. Gurvinder Singh Wasan | 21-Oct-24 | 21 years |
Load Structure
Exit Load: Redeemed or switched out from the date of
allotment: upto 6 months. : 1% after 6 months : Nil
For detailed load structure please refer Scheme Information
Document of the scheme.
Minimum Application Amount:
₹ 1,000 and in multiples of ₹ 1 thereafter.
Minimum Additional Application Amount:₹ 500 and in multiples of ₹ 1 thereafter
| Monthly AAUM## As on December 31, 2024 | : ₹ 750.80 Crores |
| AUM## As on December 31, 2024 | : ₹ 748.84 Crores |
## excluding inter-scheme Investments, if any, by other schemes of BNP Paribas Mutual Fund, as may be applicable
| EQUITY HOLDINGS | % of Net Assets | |
| Banks | 2.81% | |
| ICICI Bank Limited | 1.45% | |
| HDFC Bank Limited | 1.36% | |
| IT - Software | 0.91% | |
| Infosys Limited | 0.91% | |
| IT - Services | 0.89% | |
| Sagility India Limited | 0.89% | |
| Petroleum Products | 0.76% | |
| Reliance Industries Limited | 0.76% | |
| LESS THAN 0.75% EXPOSURE | 18.09% | |
| TOTAL EQUITY HOLDING | 23.46% | |
| FIXED INCOME HOLDINGS | Rating | % of Net Assets |
| CORPORATE BOND | 52.93% | |
| ✔ REC Limited | CRISIL AAA | 7.37% |
| ✔ National Bank For Agriculture and | ||
| ✔ Rural Development | CRISIL AAA | 5.54% |
| ✔ Jamnagar Utilities & Power Private | ||
| Limited | CRISIL AAA | 4.31% |
| ✔ Bharat Sanchar Nigam Limited | CRISIL AAA(CE) | 3.42% |
| ✔ Reliance Industries Limited | CRISIL AAA | 3.06% |
| ✔ Indian Railway Finance | ||
| Corporation Limited | CRISIL AAA | 3.02% |
| ✔ National Housing Bank | CRISIL AAA | 2.68% |
| ✔ Power Finance Corporation Limited | CRISIL AAA | 2.53% |
| ✔ JSW Steel Limited | ICRA AA | 2.27% |
| Muthoot Finance Limited | CRISIL AA+ | 2.02% |
| Indian Oil Corporation Limited | CRISIL AAA | 2.01% |
| Nomura Capital India Pvt Limited | FITCH AAA | 2.01% |
| Shriram Finance Limited | CRISIL AA+ | 2.01% |
| Piramal Capital & Housing Finance | ||
| Limited | ICRA AA | 1.90% |
| Bharti Telecom Limited | CRISIL AA+ | 1.35% |
| IndoStar Capital Finance Limited | CRISIL AA- | 1.34% |
| IndoStar Capital Finance Limited | CARE AA- | 1.34% |
| Mindspace Business Parks REIT | CRISIL AAA | 1.34% |
| Small Industries Dev Bank of India | CRISIL AAA | 1.34% |
| Hindustan Petroleum Corporation | ||
| Limited | CRISIL AAA | 1.08% |
| Tata Capital Housing Finance | ||
| Limited | CRISIL AAA | 0.67% |
| 360 One Prime Limited | CRISIL AA | 0.20% |
| Nirma Limited | CRISIL AA | 0.12% |
| GOVERNMENT BOND | 14.52% | |
| ✔ 7.32% GOI (MD 13/11/2030) | Sovereign | 13.43% |
| 7.38% GOI (MD 20/06/2027) | Sovereign | 0.68% |
| 7.18% GOI (MD 24/07/2037) | Sovereign | 0.41% |
| 6.45% GOI (MD 07/10/2029) | Sovereign | 0.00% |
| PTC | 2.79% | |
| Sansar Trust | CRISIL AAA(SO) | 2.00% |
| India Universal Trust | CRISIL AAA(SO) | 0.79% |
| CERTIFICATE OF DEPOSIT | 1.30% | |
| Axis Bank Limited | CRISIL A1+ | 1.30% |
| COMMERCIAL PAPER | 1.30% | |
| L&T Finance Limited | CRISIL A1+ | 1.30% |
| Corporate Debt Market Development Fund Class A2 | 0.24% | |
| Corporate Debt Market Development Fund | 0.24% | |
| STATE GOVERNMENT BOND | 0.21% | |
| 7.61% Rajasthan SDL (MD | ||
| 29/03/2027) | Sovereign | 0.14% |
| 8.08% Karnataka SDL (MD | ||
| 26/12/2028) | Sovereign | 0.07% |
| Total Fixed Income Holdings | 73.29% | |
| TREPS, Cash & Other Net Current Assets | 3.25% | |
| GRAND TOTAL | 100.00% |
Investment in Top 10 scrips constitutes 47.63% of the portfolio
Pursuant to distribution under Income Distribution cum Capital Withdrawal (‘IDCW’) option, NAV of the IDCW option of the scheme(s) would fall to the extent of payout and statutory levy (if applicable). The
amounts under IDCW options can be distributed out of investors capital (Equalization Reserve), which is part of sale price that represents realized gains. Past performance may or may not be sustained in future.
The above stated distribution rate per unit is net distribution rate after deducting applicable taxes. The above distribution rates are on face value of ₹ 10 per unit.
| TER - Regular Plan (%) | 2.04% |
| TER - Direct Plan (%) | 0.61% |
| Portfolio Turnover Ratio | 1.53 |
* The information contained in this report has been obtained from sources considered to be authentic and reliable. This quantitative data does not purport to be an offer for purchase and sale of mutual
fund units.
| Average Maturity (years) | 3.62 |
| Modified Duration (years) | 2.76 |
| YTM (%) | 7.67% |
| Macaulay Duration† (years) | 2.91 |
†Concept of Macaulay duration: The Macaulay Duration is a measure of a bond’s sensitivity to interest rate changes. It is expressed in annual terms. It is the weighted average term to maturity of the cash flows from a bond. The weight of each cash flow is determined by dividing the present value of the cash flow by the price. Factors like a bond’s price, maturity, coupon, yield to maturity among others impact the calculation of Macaulay duration. The Macaulay duration can be viewed as the economic balance point of a group of cash flows. Another way to interpret the statistic is that it is the weighted average number of years an investor must maintain a position in the bond until the present value of the bond’s cash flows equals the amount paid for the bond. As it provides a way to estimate the effect of certain market changes on a bond’s price, the investor can choose an investment that will better meet his future cash needs.
| No of Stocks | 53 |
| Portfolio RoE (%) | 17.1 |
| EPS Growth (%) | 48.68 |
Portfolio RoE and EPS Growth is for trailing 12 months (TTM) whereas the number of stocks is as of December 31, 2024.
➤ Regular income and capital appreciation in long term.
➤ Investments primarily in Debt & money market instruments for regular returns & in equity and equity related securities for capital appreciation.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
^^Riskometer For Scheme: basis it’s portfolio, ^Riskometer For Benchmark (CRISIL Hybrid 85+15 – Conservative Index): basis it’s constituents; As on December 31, 2024
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.