(An Open ended Low Duration Debt Scheme investing in
instruments such that Macaulay duration of
portfolio is between 6 months and 12 months.
A relatively low interest rate risk and moderate credit risk scheme)
(An Open ended Low Duration Debt Scheme investing in
instruments such that Macaulay duration of
portfolio is between 6 months and 12 months.
A relatively low interest rate risk and moderate credit risk scheme)
The primary objective of the Scheme is to provide income consistent with the prudent risk from a portfolio comprising investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 6 months - 12 months. 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 | : ₹ 37.9836 |
| Regular Plan - Monthly IDCW Option | : ₹ 10.3300 |
| Regular Plan - Daily IDCW Option | : ₹ 10.0604 |
| Regular Plan - Weekly IDCW Option | : ₹ 10.0249 |
| Direct Plan - Growth Option | : ₹ 41.3540 |
| Direct Plan - Monthly IDCW Option | : ₹ 10.3160 |
| Direct Plan - Daily IDCW Option | : ₹ 10.1041 |
| Direct Plan - Weekly IDCW Option | : ₹ 10.0262 |
Benchmark Index (Tier 1)CRISIL Low Duration Debt A-I Index
Date of AllotmentOctober 21, 2005
Fund Manager μ| Fund Manager | Managing fund since | Experience |
| Vikram Pamnani | 27-Dec-17 | 14 years |
| Prashant Pimple | 11-Jul-24 | 24 years |
μ µ Dedicated Fund Manager for Overseas Investments: Mr. Jay Sheth (Managing fund w.e.f. September 01, 2023)
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 September 30, 2024 | : ₹ 219.53 Crores |
| AUM## As on September 30, 2024 | : ₹ 223.53 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 |
| Corporate Bond | 55.39% | |
| ✔Small Industries Dev Bank of India | ICRA AAA | 8.90% |
| ✔REC Limited | CRISIL AAA | 6.72% |
| ✔National Housing Bank | CRISIL AAA | 6.70% |
| ✔National Bank For Agriculture and Rural Development | CRISIL AAA | 6.70% |
| ✔Shriram Finance Limited | CRISIL AA+ | 4.49% |
| ✔Bharti Telecom Limited | CRISIL AA+ | 4.49% |
| Reliance Industries Limited | CRISIL AAA | 4.46% |
| Power Finance Corporation Limited | CRISIL AAA | 4.45% |
| Mindspace Business Parks REIT | CRISIL AAA | 3.14% |
| JM Financial Products Limited | ICRA AA | 3.12% |
| IndoStar Capital Finance Limited | CARE AA- | 2.22% |
| Government Bond | 0.91% | |
| 7.38% GOI (MD 20/06/2027) | Sovereign | 0.91% |
| State Government Bond | 2.22% | |
| 5.75% Karnataka SDL (MD 10/06/2025) | Sovereign | 2.22% |
| Certificate of Deposit | 30.06% | |
| ✔Axis Bank Limited | CRISIL A1+ | 8.88% |
| ✔Kotak Mahindra Bank Limited | CRISIL A1+ | 8.57% |
| ✔Punjab National Bank | CRISIL A1+ | 6.34% |
| ✔Canara Bank | CRISIL A1+ | 6.27% |
| Corporate Debt Market Development Fund | 0.24% | |
| Corporate Debt Market Development Fund | Others | 0.24% |
| Total Fixed Income Holdings | 88.82% | |
| TREPS, Cash & Other Net Current Assets | 11.18% | |
| GRAND TOTAL | 100.00% |
Investment in Top 10 scrips constitutes 68.06% 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 (%) | 1.10% |
| TER - Direct Plan (%) | 0.31% |
| Average Maturity (years) | 0.94 |
| Modified Duration (years) | 0.85 |
| YTM (%) | 7.68% |
| Macaulay Duration† (years) | 0.9 |
* 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) | B-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)
➤ Regular income in short term.
➤ Investments in portfolio comprising of debt & money market instruments and derivatives.
*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 Low Duration Debt A-I Index): basis it’s constituents; as on September 30, 2024
** CARE’s fund quality rating is not a recommendation to purchase, sell, or hold a security/ fund. It neither comments on the current
market price, suitability for a particular investor nor on the prospective performance of the fund with respect to appreciation,
volatility of net asset value (NAV), or yield of the fund. The ratings do not address the funds ability to meet the payment obligations
to the investors.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.