(An open ended scheme investing in equity,
arbitrage and debt instruments)
(An open ended scheme investing in equity,
arbitrage and debt instruments)
The primary objective of the Scheme is to generate capital appreciation and income by using arbitrage opportunities, investment in equity / equity related instruments and debt/ money market 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 | : ₹ 16.1420 |
| Regular Plan - IDCW Option | : ₹ 14.0943 |
| Direct Plan - Growth Option | : ₹ 17.0691 |
| Direct Plan - IDCW Option | : ₹ 14.9017 |
Benchmark Index (Tier 1)Nifty Equity Savings Index TRI
Date of AllotmentJuly 25, 2019
Fund Manager μ| Category | Fund Manager | Managing fund since | Experience |
| Equity | Pratish Krishnan | 05-Sep-19 | 23 years |
| Fixed Income | Prashant Pimple | 11-Jul-24 | 24 years |
| Fixed Income | Vikram Pamnani | 11-Jul-24 | 14 years |
Load StructureEntry Load
Exit Load: • If units of the Scheme are redeemed or switched out within 30 days of the date of allotment - 1% of the applicable Net Asset Value (NAV) • If units of the Scheme are redeemed or switched out after 30 days of allotment - Nil The above Exit Load will be applicable to all subscription transactions, excluding switch-ins
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 | : ₹ 248.82 Crores |
| AUM## As on September 30, 2024 | : ₹ 251.44 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 |
| Automobiles | 4.35% | -3.48% |
| Maruti Suzuki India Limited | 1.24% | -1.25% |
| Tata Motors Limited | 2.22% | -2.23% |
| TVS Motor Company Limited | 0.89% | |
| Banks | 12.07% | -6.12% |
| Axis Bank Limited | 0.99% | |
| ✔HDFC Bank Limited | 4.94% | -2.44% |
| ✔ICICI Bank Limited | 4.33% | -2.32% |
| IndusInd Bank Limited | 1.81% | -1.36% |
| Cement & Cement Products | 2.26% | -2.28% |
| ✔Ambuja Cements Limited | 2.26% | -2.28% |
| Construction | 2.23% | -1.53% |
| ✔Larsen & Toubro Limited | 2.23% | -1.53% |
| Diversified FMCG | 3.30% | -2.33% |
| Hindustan Unilever Limited | 0.99% | |
| ✔ITC Limited | 2.31% | -2.33% |
| Ferrous Metals | 2.06% | -2.08% |
| Tata Steel Limited | 2.06% | -2.08% |
| Finance | 3.21% | -2.77% |
| Bajaj Finance Limited | 1.76% | -1.31% |
| Bajaj Finserv Limited | 1.45% | -1.46% |
| Financial Technology (Fintech) | 0.91% | |
| PB Fintech Limited | 0.91% | |
| Food Products | 0.86% | |
| Nestle India Limited | 0.86% | |
| Insurance | 1.00% | |
| Max Financial Services Limited | 1.00% | |
| IT - Software | 4.16% | -1.95% |
| ✔Infosys Limited | 2.39% | -1.16% |
| LTIMindtree Limited | 0.78% | -0.79% |
| Tata Consultancy Services Limited | 0.99% | |
| Non - Ferrous Metals | 2.54% | -1.95% |
| ✔Hindalco Industries Limited | 2.54% | -1.95% |
| Petroleum Products | 3.68% | -2.19% |
| ✔Reliance Industries Limited | 3.68% | -2.19% |
| Pharmaceuticals & Biotechnology | 1.75% | |
| Ajanta Pharma Limited | 0.79% | |
| Sun Pharmaceutical Industries Limited | 0.96% | |
| Power | 5.06% | -4.04% |
| NTPC Limited | 1.04% | |
| ✔Tata Power Company Limited | 4.02% | -4.04% |
| Retailing | 2.27% | |
| Trent Limited | 1.45% | |
| Zomato Limited | 0.82% | |
| Telecom - Services | 1.43% | -0.78% |
| Bharti Airtel Limited | 1.43% | -0.78% |
| Transport Infrastructure | 1.75% | -1.76% |
| Adani Ports and Special Economic Zone Limited | 1.75% | -1.76% |
| Less than 0.75% Exposure | 12.72% | -1.76% |
| Total Equity Holdings | 67.61% | -35.02% |
| REITs/InvITs Holdings | % of Net Assets | |
| REIT | 2.02% | |
| Brookfield India Real Estate Trust | 2.02% | |
| Total REITs Holdings | 2.02% | |
| FIXED INCOME HOLDINGS | Rating | % of Net Assets |
| Corporate Bond | 14.07% | |
| JM Financial Products Limited | ICRA AA | 2.78% |
| Indian Railway Finance Corporation Limited | CRISIL AAA | 2.00% |
| Power Finance Corporation Limited | CRISIL AAA | 1.99% |
| REC Limited | CRISIL AAA | 1.99% |
| Export Import Bank of India | CRISIL AAA | 1.24% |
| 360 One Prime Limited | CRISIL AA | 1.19% |
| IndoStar Capital Finance Limited | CRISIL AA- | 1.19% |
| Muthoot Finance Limited | CRISIL AA+ | 1.19% |
| Piramal Capital & Housing Finance Limited | ICRA AA | 0.50% |
| Yes Bank Limited | ICRA D | 0.00% |
| Government Bond | 7.84% | |
| ✔5.63% GOI (MD 12/04/2026) | Sovereign | 5.88% |
| 5.15% GOI (MD 09/11/2025) | Sovereign | 1.96% |
| Total Fixed Income Holdings | 21.91% | |
| TREPS, Cash & Other Net Current Assets | 8.46% | |
| GRAND TOTAL | 100.00% |
Investment in Top 10 scrips constitutes 34.58% of the portfolio
Net equity holdings is 32.59% 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 (%) | 2.49% |
| TER - Direct Plan (%) | 1.40% |
| Portfolio Turnover Ratio | 4.62 |
| Standard Deviation* | 4.69% |
| Beta* | 1.00 |
| Sharpe Ratio* | 0.60 |
| 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) | 2.21 |
| Modified Duration (years) | 1.76 |
| YTM (%) | 7.42% |
| Macaulay Duration† (years) | 1.87 |
†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 | 44 |
| Portfolio RoE (%) | 22.44 |
| EPS Growth (%) | 52.62 |
Portfolio RoE and EPS Growth is for trailing 12 months (TTM) whereas the number of stocks is as of September 30, 2024.
➤ Long term capital appreciation and income generation.
➤ Investment in equity and equity related securities, arbitrage opportunities, and debt and 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 Equity Savings TRI): basis it’s constituents; as on September 30, 2024
For complete portfolio, kindly refer the website https://www.barodabnpparibasmf.in/
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.