(An Open ended Scheme investing in arbitrage opportunities)
(An Open ended Scheme investing in
arbitrage opportunities)
The primary investment objective of the scheme is to generate income and capital appreciation by investing in a combination of diversified portfolio of equity and equity related instruments, including use of equity derivatives strategies and arbitrage opportunities with exposure in debt and fixed income instruments. 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 September 30, 2024)| Regular Plan - Growth Option | : ₹ 15.3100 |
| Regular Plan - Adhoc IDCW Option | : ₹ 11.4538 |
| Regular Plan - Monthly IDCW Option | : ₹ 10.3959 |
| Regular Plan - Quarterly IDCW Option | : ₹ 10.3893 |
| Direct Plan - Growth Option | : ₹ 16.0748 |
| Direct Plan - Adhoc IDCW Option | : ₹ 11.7786 |
| Direct Plan - Quarterly IDCW Option | : ₹ 10.8601 |
| Direct Plan - Monthly IDCW Option | : ₹ 10.8350 |
Benchmark Index (Tier 1)Nifty 50 Arbitrage Index
Date of AllotmentDecember 28, 2016
Fund Manager μ| Category | Fund Manager | Managing fund since | Experience |
| Equity | Neeraj Saxena | 14-Mar-22 | 20 years |
| Fixed Income | Vikram Pamnani | 16-Mar-22 | 14 years |
Load Structure
(w.e.f. January 17, 2024)
Entry Load
Exit Load: 0.25% if redeemed on or before 15 days from the date of allotment of units.
NIL if redeemed after 15 days from the date of allotment of units.
For detailed load structure please refer Scheme Information Document of the scheme.
μ Dedicated Fund Manager for Overseas Investments: Mr. Miten Vora (managing fund since December 01, 2022)
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 September 30, 2024 | : ₹ 1,280.76 Crores |
| AUM## As on September 30, 2024 | : ₹ 1,306.65 Crores |
## excluding inter-scheme Investments, if any, by other schemes of BNP Paribas Mutual Fund, as may be applicable
| EQUITY HOLDINGS | % of Net Assets | Derivatives |
| Aerospace & Defense | 1.16% | -1.16% |
| Hindustan Aeronautics Limited | 1.16% | -1.16% |
| Auto Components | 0.75% | -0.76% |
| Exide Industries Limited | 0.75% | -0.76% |
| Automobiles | 7.29% | -7.35% |
| ✔Tata Motors Limited | 7.29% | -7.35% |
| Banks | 8.49% | -8.55% |
| ✔Bandhan Bank Limited | 2.96% | -2.98% |
| Bank of Baroda | 1.57% | -1.58% |
| Canara Bank | 1.37% | -1.38% |
| IndusInd Bank Limited | 0.95% | -0.96% |
| RBL Bank Limited | 1.64% | -1.65% |
| Chemicals & Petrochemicals | 1.49% | -1.50% |
| Gujarat Narmada Valley Fertilizers and Chemicals Limited | 1.49% | -1.50% |
| Diversified Metals | 2.94% | -2.94% |
| ✔Vedanta Limited | 2.94% | -2.94% |
| Ferrous Metals | 1.15% | -1.16% |
| Steel Authority of India Limited | 1.15% | -1.16% |
| Finance | 1.56% | -1.57% |
| Manappuram Finance Limited | 1.56% | -1.57% |
| IT - Software | 2.19% | -2.19% |
| Infosys Limited | 2.19% | -2.19% |
| Metals & Minerals Trading | 3.04% | -3.06% |
| ✔Adani Enterprises Limited | 3.04% | -3.06% |
| Minerals & Mining | 1.20% | -1.21% |
| NMDC Limited | 1.20% | -1.21% |
| Non - Ferrous Metals | 3.03% | -3.05% |
| ✔Hindustan Copper Limited | 3.03% | -3.05% |
| Petroleum Products | 2.27% | -2.28% |
| ✔Reliance Industries Limited | 2.27% | -2.28% |
| Pharmaceuticals & Biotechnology | 0.89% | -0.90% |
| Alkem Laboratories Limited | 0.89% | -0.90% |
| Power | 2.96% | -2.98% |
| ✔Tata Power Company Limited | 2.96% | -2.98% |
| Realty | 1.01% | -1.01% |
| DLF Limited | 1.01% | -1.01% |
| Retailing | 6.40% | -6.46% |
| ✔Aditya Birla Fashion and Retail Limited | 6.40% | -6.46% |
| Telecom - Services | 2.39% | -2.40% |
| ✔Indus Towers Limited | 2.39% | -2.40% |
| Transport Infrastructure | 3.04% | -3.06% |
| ✔GMR Airports Infrastructure Limited | 3.04% | -3.06% |
| Less than 0.75% Exposure | 16.00% | -16.07% |
| Total Equity Holdings | 69.25% | -69.66% |
| Mutual Fund Units & ETF Holding | % of Net Assets | |
| MUTUAL FUND UNITS & ETF | 1.59% | |
| Baroda BNP Paribas Mutual Fund | 1.59% | |
| Total Mutual Fund Units & ETF Holdings | 1.59% | |
| FIXED INCOME HOLDINGS | Rating | % of Net Assets |
| Treasury Bill | 21.73% | |
| 364 Days Tbill (MD 21/11/2024) | Sovereign | 1.90% |
| 364 Days Tbill (MD 27/02/2025) | Sovereign | 1.86% |
| 364 Days Tbill (MD 02/05/2025) | Sovereign | 1.84% |
| 364 Days Tbill (MD 19/06/2025) | Sovereign | 1.83% |
| 364 Days Tbill (MD 05/12/2024) | Sovereign | 1.51% |
| 364 Days Tbill (MD 15/05/2025) | Sovereign | 1.47% |
| 364 Days Tbill (MD 24/10/2024) | Sovereign | 1.14% |
| 364 Days Tbill (MD 14/11/2024) | Sovereign | 1.14% |
| 364 Days Tbill (MD 26/12/2024) | Sovereign | 1.13% |
| 364 Days Tbill (MD 23/01/2025) | Sovereign | 1.13% |
| 364 Days Tbill (MD 06/02/2025) | Sovereign | 1.12% |
| 364 Days Tbill (MD 10/10/2024) | Sovereign | 0.76% |
| 364 Days Tbill (MD 17/10/2024) | Sovereign | 0.76% |
| 364 Days Tbill (MD 31/10/2024) | Sovereign | 0.76% |
| 364 Days Tbill (MD 13/02/2025) | Sovereign | 0.75% |
| 364 Days Tbill (MD 16/01/2025) | Sovereign | 0.75% |
| 364 Days Tbill (MD 27/03/2025) | Sovereign | 0.74% |
| 364 Days Tbill (MD 07/11/2024) | Sovereign | 0.38% |
| 364 Days Tbill (MD 28/11/2024) | Sovereign | 0.38% |
| 364 Days Tbill (MD 09/01/2025) | Sovereign | 0.38% |
| Certificate of Deposit | 3.19% | |
| ICICI Bank Limited | ICRA A1+ | 1.86% |
| HDFC Bank Limited | CARE A1+ | 1.11% |
| Export Import Bank of India | CRISIL A1+ | 0.22% |
| Corporate Bond | 0.23% | |
| Piramal Capital & Housing Finance Limited | ICRA AA | 0.23% |
| Total Fixed Income Holdings | 25.15% | |
| TREPS, Cash & Other Net Current Assets | 4.01% | |
| GRAND TOTAL | 100.00% |
Investment in Top 10 scrips constitutes 36.32% of the portfolio
Net equity holdings is -0.41% 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, except for Baroda BNP Paribas Liquid Fund where
the face value is ₹ 1,000 per unit.
| TER - Regular Plan (%) | 1.18% |
| TER - Direct Plan (%) | 0.38% |
| Portfolio Turnover Ratio | 21.75 |
| Standard Deviation* | 0.71% |
| Beta* | 0.85 |
| Sharpe Ratio* | -1.38 |
| Sharpe Ratio (annualised), Standard Deviation (annualised) and Beta are based on last 36 monthly data points. | |
*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. The risk free rate of return considered for calculation of Sharpe ratio is 6.80%, as per 1 day MIBOR rate on the last business day of the month.
| Average Maturity (years) | 0.32 |
| Modified Duration (years) | 0.3 |
| YTM (%) | 6.62% |
| Macaulay Duration† (years) | 0.3 |
†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.
➤ Wealth creation in long term.
➤ Investment in a diversified portfolio of equity and equity related instruments, including use of equity derivatives strategies and arbitrage opportunities with exposure in debt & money market instruments.
*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 50 Arbitrage Index): basis it’s constituents; as on September 30, 2024
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.