(An open ended ultra short term debt scheme
investing in instruments such that the Macaulay duration
of the portfolio is between 3 months and 6 months.
A Relatively Low Interest Rate Risk and Moderate Credit Risk Scheme)
(An open ended ultra short term debt scheme
investing in instruments such that the Macaulay duration
of the portfolio is between 3 months and 6 months.
A Relatively Low Interest Rate Risk and Moderate Credit Risk Scheme)
The primary objective of the Scheme is 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. However there can be no assurance that the investment objective os the scheme will be realized. The scheme does not gurantee/indicate any returns.
NAV Details (As on December 31, 2024)| Regular Plan - Weekly IDCW Option | : ₹ 1000.2103 |
| Regular Plan - Growth Option | : ₹ 1485.6583 |
| Regular Plan - Daily IDCW Option | : ₹ 1006.2583 |
| Direct Plan - Weekly IDCW Option | : ₹ 1000.6274 |
| Direct Plan - Growth Option | : ₹ 1503.6176 |
| Direct Plan - Daily IDCW Option | : ₹ 1007.0751 |
Benchmark Index (Tier 1)CRISIL Ultra Short Duration Debt A-I Index
Date of AllotmentJune 01, 2018
Fund Manager| Fund Manager | Managing fund since | Experience |
| Mr. Vikram Pamnani | 14-Mar-22 | 14 years |
| Mr. Gurvinder Singh Wasan | 21-Oct-24 | 21 years |
Load Structure
Exit Load: Nil
For detailed load structure please refer Scheme
Information Document of the scheme.
Minimum Application Amount:
₹ 5,000 and in multiples of ₹ 1 thereafter.
Minimum Additional Application Amount:
₹ 1,000 and in multiples of ₹ 1 thereafter.
| Monthly AAUM## As on December 31, 2024 | : ₹ 1,280.53 Crores |
| AUM## As on December 31, 2024 | : ₹ 1,118.89 Crores |
## excluding inter-scheme Investments, if any, by other schemes of Baroda BNP Paribas Mutual Fund, as may be applicable
| Fixed Income Holdings | Rating | % of Net Assets |
| CERTIFICATE OF DEPOSIT | 49.59% | |
| ✔Canara Bank | CRISIL A1+ | 8.61% |
| ✔ICICI Bank Limited | ICRA A1+ | 6.95% |
| ✔Kotak Mahindra Bank Limited | CRISIL A1+ | 6.50% |
| ✔Axis Bank Limited | CRISIL A1+ | 6.30% |
| ✔Union Bank of India | FITCH A1+ | 4.84% |
| ✔Punjab National Bank | CRISIL A1+ | 3.47% |
| IndusInd Bank Limited | CRISIL A1+ | 2.60% |
| Punjab National Bank | FITCH A1+ | 2.20% |
| HDFC Bank Limited | CRISIL A1+ | 2.16% |
| National Bank For Agriculture and Rural Development | CRISIL A1+ | 2.16% |
| Small Industries Dev Bank of India | CRISIL A1+ | 2.09% |
| HDFC Bank Limited | CARE A1+ | 1.71% |
| CORPORATE BOND | 22.04% | |
| ✔Power Finance Corporation Limited | CRISIL AAA | 8.02% |
| ✔Export Import Bank of India | CRISIL AAA | 4.44% |
| ✔National Housing Bank | CRISIL AAA | 3.12% |
| Bharti Telecom Limited | CRISIL AA+ | 2.25% |
| Hero Fincorp Limited | CRISIL AA+ | 2.14% |
| Shriram Finance Limited | CRISIL AA+ | 1.35% |
| 360 One Prime Limited | CRISIL AA | 0.72% |
| COMMERCIAL PAPER | 18.04% | |
| ✔Export Import Bank of India | CRISIL A1+ | 4.31% |
| Bahadur Chand Investments Pvt Limited | ICRA A1+ | 3.11% |
| Muthoot Finance Limited | CRISIL A1+ | 2.99% |
| Piramal Capital & Housing Finance Limited | CRISIL A1+ | 2.17% |
| Birla Group Holdings Private Limited | CRISIL A1+ | 2.16% |
| Motilal Oswal Financial Services Limited | CRISIL A1+ | 2.15% |
| Tata Projects Limited | CRISIL A1+ | 1.15% |
| STATE GOVERNMENT BOND | 3.60% | |
| 8.15% Madhya Pradesh SDL (MD 13/11/2025) | Sovereign | 2.26% |
| 6.9% Tamilnadu SDL (MD 16/10/2025) | Sovereign | 0.89% |
| 7.96% Maharashtra SDL (14/10/2025) | Sovereign | 0.45% |
| GOVERNMENT BOND | 2.29% | |
| 4.7% GOI FRB (MD 22/09/2033) | Sovereign | 2.29% |
| PTC | 1.10% | |
| India Universal Trust | CRISIL AAA(SO) | 1.10% |
| FRN | 0.89% | |
| Piramal Capital & Housing Finance Limited | ICRA AA | 0.89% |
| Corporate Debt Market Development Fund Class A2 | 0.26% | |
| Corporate Debt Market Development Fund | 0.26% | |
| Total FixedIncome Holdings | 97.81% | |
| TREPS, Cash & Other Net Current Assets | 2.19% | |
| GRAND TOTAL | 100.00% |
Investment in Top 10 scrips constitutes 56.56% of the portfolio
The scheme currently does not have Distribution History.
| TER - Regular Plan (%) | 0.48% |
| TER - Direct Plan (%) | 0.30% |
* The information contained in this report has been obtained
from sources considered to be authentic and reliable. The
quantitative data does not purport to be an offer for purchase
and sale of mutual fund units.
| Average Maturity (years) | 0.67 |
| Modified Duration (years) | 0.46 |
| YTM (%) | 7.63% |
| Macaulay Duration† (years) | 0.47 |
†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.
| Credit Risk (Max) → | Relatively Low Class A (CRV>=12) | Moderate: Class B (CRV>=10) | Relatively High: Class C (CRV<10) |
| Interest Rate Risk (Max) ↓ | |||
| Relatively Low: Class I (MD<=1 year) | B-I | ||
| Moderate: Class II (MD<=3 year) | |||
| Relatively High: Class III (Any MD) |
MD=Macaulay Duration, CRV=Credit Risk Value.
‡ The PRC matrix denotes the maximum risk that the respective Scheme can take i.e. maximum interest rate risk (measured
by MD of the Scheme) and maximum credit risk (measured by CRV of the Scheme)
➤ Regular income with convenience of liquidity over ultra-short term.
➤ Investments in a basket of debt and money market instruments such that the Macaulay duration† of the portfolio is between 3 months and 6 months.
*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 Ultra Short Duration Debt A-I Index): basis it’s constituents; As on December 31, 2024
** Care Mutual Fund ratings are not recommended for the purpose of buying, selling or holding a fund or scheme.
These ratings do not comment on the volatility of the Net Asset Value (NAV) of the scheme or the level of NAV
compared to the face value during the tenure of the scheme any time before maturity.
†† The rating, as aforesaid, however, should not be treated as
a recommendation to buy, sell or hold the units issued by you.
The rating is restricted to your debt fund only. ICRA does not
assume any responsibility on its part, for any liability, that may
arise consequent to your not complying with any guidelines or
directives issued by SEBI or any other mutual fund regulatory
body.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.