(An open-ended debt scheme investing in overnight securities.
A Relatively Low Interest Rate Risk and Relatively Low Credit Risk)
(An open-ended debt scheme investing in overnight securities.
A Relatively Low Interest Rate Risk and Relatively Low Credit Risk)
The primary objective of the Scheme is to generate returns, commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of one business day. However, there can be no assurance that the investment objectives of the Scheme will be realized.
NAV Details ( As on October 31, 2024 )| Regular Plan - Growth Option | : ₹ 1301.3776 |
| Regular Plan - Weekly IDCW Option | : ₹ 1000.9145 |
| Regular Plan - Daily IDCW Option | : ₹ 1000.0019 |
| Direct Plan - Growth Option | : ₹ 1305.9137 |
| Unclaimed IDCW - Up to 3 Yrs | : ₹ 1171.6731 |
| Unclaimed Redemption - Up to 3 Yrs | : ₹ 1171.6688 |
| Direct Plan - Weekly IDCW Option | : ₹ 1000.4492 |
| Direct Plan - Daily IDCW Option | : ₹ 1000.0028 |
| Unclaimed IDCW - Greater than 3 years | : ₹ 1000.0000 |
| Unclaimed Redemption - Greater than 3 years | : ₹ 1000.0000 |
Benchmark Index (Tier 1)CRISIL Liquid Overnight Index
Date of AllotmentApril 25, 2019
Fund Manager| Fund Manager | Managing fund since | Experience |
| Gurvinder Singh Wasan^ | 21-Oct-24 | 21 years |
| Vikram Pamnani | 14-Mar-22 | 14 years |
^ Mr. Gurvinder Singh Wasan was appointed as Co Fund Manager w.e.f October 21, 2024.
Load StructureEntry Load
Exit Load: Nil.
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 | : ₹ 974.31 Crores |
| AUM## As on October 31, 2024 | : ₹ 685.46 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 |
| TREASURY BILL | 3.63% | |
| 182 Days Tbill (MD 28/11/2024) | Sovereign | 1.45% |
| 364 Days Tbill (MD 21/11/2024) | Sovereign | 1.45% |
| 91 Days Tbill (MD 07/11/2024) | Sovereign | 0.73% |
| Total Fixed Income Holdings | 3.63% | |
| TREPS, Cash & Other Net Current Assets | 96.37% | |
| GRAND TOTAL | 100.00% |
The scheme currently does not have Distribution History.
| TER - Regular Plan (%) | 0.17% |
| TER - Direct Plan (%) | 0.09% |
| Average Maturity (days) | 5 |
| Modified Duration (days) | 5 |
| YTM (%) | 6.30 |
| Macaulay Duration† (days) | 4 |
*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) | A-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)
➤ Generate returns, commensurate with low risk and high level of liquidity.
➤ Invest in overnight securities having maturity of one business day.
*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 (CRISIL Liquid Overnight Index): basis it’s constituents; As on October 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.