2026 Index Fund
(An open-ended Target Maturity Index Fund replicating/tracking
the NIFTY SDL December 2026 Index. A Relatively High Interest
Rate Risk and Relatively Low Credit Risk)
2026 Index Fund
An open-ended Target Maturity Index Fund replicating/tracking
the NIFTY SDL December 2026 index. A relatively High Interest
Rate Risk and Relatively Low Credit Risk
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty SDL December 2026 Index before expenses, subject to tracking errors, fees and expenses. However, there is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
NAV Details (As on October 31, 2024 )| Regular Plan - Growth Option | : ₹ 11.3515 |
| Regular Plan - IDCW Option | : ₹ 11.3515 |
| Direct Plan - Growth Option | : ₹ 11.4119 |
| Direct Plan - IDCW Option | : ₹ 10.0000 |
Benchmark Index (Tier 1)NIFTY SDL December 2026 Index
Date of AllotmentJanuary 25, 2023
Fund Manager | Fund Manager | Managing fund since | Experience |
| Mr. Gurvinder Singh Wasan^ | 21-Oct-24 | 21 years |
| Vikram Pamnani | 11-Jul-24 | 14 years |
Load Structure
Entry Load
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 October 31, 2024 | : ₹ 114.78 Crores |
| AUM## As on October 31, 2024 | : ₹ 114.38 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 |
| STATE GOVERNMENT BOND | 96.86% | |
| 7.24% GUJARAT SDL (MD 28/12/2026) | Sovereign | 44.02% |
| 7.28% Haryana SDL (MD 28/12/2026) | Sovereign | 26.43% |
| 7.25% Maharashtra SDL (MD 28/12/2026) | Sovereign | 22.02% |
| 7.07% Tamilnadu SDL (MD 14/12/2026) | Sovereign | 4.39% |
| Total Fixed Income Holdings | 96.86% | |
| TREPS, Cash & Other Net Current Assets | 3.14% | |
| GRAND TOTAL | 100.00% |
| Management Group | % to NAV |
| STATE GOVERNMENT OF GUJARAT | 44.02 |
| STATE GOVERNMENT OF HARYANA | 26.43 |
| STATE GOVERNMENT OF MAHARASHTRA | 22.02 |
| STATE GOVERNMENT OF TAMIL NADU | 4.39 |
| Grand Total | 96.86 |
| 1 Year | Since Inception | |
| Regular Plan | -0.49% | -0.58% |
| Direct Plan | -0.17% | -0.24% |
The scheme currently does not have Distribution History.
| TER - Regular Plan (%) | 0.49% |
| TER - Direct Plan (%) | 0.19% |
| Average Maturity (years) | 2.14 |
| Modified Duration (years) | 1.91 |
| YTM (%) | 6.86% |
| Macaulay Duration† (years) | 1.97 |
| Tracking Error - | |
| Regular | 0.74% |
| Direct | 0.74% |
* 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.
†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) | |||
| Moderate: Class II (MD<=3 year) | |||
| Relatively High: Class III (Any MD) | A-III |
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)
➤ Income for the target maturity period.
➤ an open ended target maturity fund seeking to track the NIFTY SDL December 2026 Index
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
^^Riskometer For Scheme: basis it’s portfolio, For Benchmark (Nifty SDL December 2026 Index): basis it’s constituents; As on October 31, 2024
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.