(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 September 30, 2024 )| Regular Plan - Growth Option | : ₹ 43.3300 |
| Regular Plan - Quarterly IDCW Option | : ₹ 11.5416 |
| Regular Plan - Monthly IDCW Option | : ₹ 11.3872 |
| Direct Plan - Growth Option | : ₹ 52.2038 |
| Direct Plan - Monthly IDCW Option | : ₹ 13.6474 |
| Direct Plan - Quarterly IDCW Option | : ₹ 13.2350 |
Benchmark Index (Tier 1)CRISIL Hybrid 85+15 – Conservative Index
Date of AllotmentSeptember 23, 2004
Fund Manager μ| Category | Fund Manager | Managing fund since | Experience |
| Equity | Pratish Krishnan | 14-Mar-22 | 23 years |
| Fixed Income | Prashant Pimple | 21-Oct-22 | 24 years |
Load Structure
Entry Load : Not Applicable
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.
μ Dedicated Fund Manager for Overseas Investments: Mr. Jay Sheth (Managing fund w.e.f. September 01, 2023)
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 September 30, 2024 | : ₹ 753.71 Crores |
| AUM## As on September 30, 2024 | : ₹ 756.02 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 | 2.74% | |
| HDFC Bank Limited | 1.31% | |
| ICICI Bank Limited | 1.43% | |
| IT - Software | 0.90% | |
| Infosys Limited | 0.90% | |
| Petroleum Products | 0.92% | |
| Reliance Industries Limited | 0.92% | |
| Retailing | 0.79% | |
| Trent Limited | 0.79% | |
| Less than 0.75% Exposure | 18.06% | |
| Total Equity Holdings | 23.41% | |
| FIXED INCOME HOLDINGS | Rating | % of Net Assets |
| Government Bond | 15.74% | |
| ✔7.34% GOI (MD 22/04/2064) | Sovereign | 6.29% |
| ✔7.32% GOI (MD 13/11/2030) | Sovereign | 3.14% |
| 7.18% GOI (MD 14/08/2033) | Sovereign | 2.04% |
| 7.1% GOI (MD 08/04/2034) | Sovereign | 2.03% |
| 7.18% GOI (MD 24/07/2037) | Sovereign | 1.37% |
| 7.38% GOI (MD 20/06/2027) | Sovereign | 0.67% |
| 7.37% GOI (MD 23/10/2028) | Sovereign | 0.20% |
| 6.45% GOI (MD 07/10/2029) | Sovereign | 0.00% |
| State Government Bond | 0.20% | |
| 7.61% Rajasthan SDL (MD 29/03/2027) | Sovereign | 0.13% |
| 8.08% Karnataka SDL (MD 26/12/2028) | Sovereign | 0.07% |
| Corporate Bond | 53.26% | |
| ✔REC Limited | CRISIL AAA | 7.31% |
| ✔Jamnagar Utilities & Power Private Limited | CRISIL AAA | 4.28% |
| ✔Power Finance Corporation Limited | CRISIL AAA | 3.97% |
| ✔Indian Railway Finance Corporation Limited | CRISIL AAA | 3.67% |
| ✔Bharat Sanchar Nigam Limited | CRISIL AAA(CE) | 3.38% |
| ✔Reliance Industries Limited | CRISIL AAA | 3.05% |
| ✔National Housing Bank | CRISIL AAA | 2.66% |
| ✔JSW Steel Limited | ICRA AA | 2.25% |
| Indian Oil Corporation Limited | CRISIL AAA | 2.00% |
| National Bank For Agriculture and Rural Development | ICRA AAA | 2.00% |
| Muthoot Finance Limited | CRISIL AA+ | 1.99% |
| Nomura Capital India Pvt Limited | FITCH AAA | 1.99% |
| Shriram Finance Limited | CRISIL AA+ | 1.99% |
| Export Import Bank of India | CRISIL AAA | 1.98% |
| Piramal Capital & Housing Finance Limited | ICRA AA | 1.66% |
| Mindspace Business Parks REIT | CRISIL AAA | 1.33% |
| Small Industries Dev Bank of India | CRISIL AAA | 1.33% |
| IndoStar Capital Finance Limited | CRISIL AA- | 1.32% |
| IndoStar Capital Finance Limited | CARE AA- | 1.32% |
| Hindustan Petroleum Corporation Limited | CRISIL AAA | 1.07% |
| JM Financial Products Limited | ICRA AA | 1.06% |
| National Bank For Agriculture and Rural Development | CRISIL AAA | 0.86% |
| Steel Authority of India Limited | CARE AA | 0.79% |
| Corporate Debt Market Development Fund | 0.23% | |
| Corporate Debt Market Development Fund | Others | 0.23% |
| Total Fixed Income Holdings | 69.43% | |
| TREPS, Cash & Other Net Current Assets | 7.16% | |
| GRAND TOTAL | 100.00% |
Investment in Top 10 scrips constitutes 40.00% 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 (%) | 2.02% |
| TER - Direct Plan (%) | 0.51% |
| Portfolio Turnover Ratio | 1.66 |
| Average Maturity (years) | 6.71 |
| Modified Duration (years) | 3.65 |
| YTM (%) | 7.56% |
| Macaulay Duration† (years) | 3.84 |
* 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.
†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 | 54 |
| Portfolio RoE (%) | 18.9 |
| EPS Growth (%) | 43.2 |
Portfolio RoE and EPS Growth is for trailing 12 months (TTM) whereas the number of stocks is as of September 30, 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, For Benchmark (CRISIL Hybrid 85+15 – Conservative Index): basis it’s constituents; as on September 30, 2024
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.