Baroda BNP Paribas Gilt Fund
(An open-ended debt scheme investing in government
securities across maturity. A Relatively
High Interest Rate Risk and Low Credit Risk)
Baroda BNP Paribas Gilt Fund
(An open-ended debt scheme investing in government
securities across maturity. A Relatively
High Interest Rate Risk and Low Credit Risk)
February 2023

February 2023


Investment Objective

The primary objective of the Scheme is to generate income by investing in a portfolio of government 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 February 28, 2023 )

Regular Plan - Growth Option : ₹ 34.76
Regular Plan - IDCW Option : ₹ 22.18
Direct Plan - Growth Option : ₹ 37.87
Direct Plan - IDCW Option : ₹ 29.88

Benchmark Index (Tier 1)

CRISIL Dynamic Gilt Index

Date of Allotment

March 21, 2002

Fund Manager μ
Fund Manager Managing fund since Experience
Mayank Prakash 14-Mar-22 15 years

μ Dedicated Fund Manager for Overseas Investments: Mr. Shreekiran Rao (managing fund since December 01, 2022)

Load Structure

(w.e.f. September 20, 2022)
Entry Load Not Applicable
Exit Load: Nil
For detailed load structure please refer Scheme Information Document of the scheme.


Lumpsum details

Minimum Application Amount:
₹ 5,000 and in multiples of ₹ 1 thereafter.
Minimum Additional Application Amount:
₹ 1,000 and in multiples of ₹ 1 thereafter.

SIP details

Minimum Application Amount:
(i) Daily, Weekly, Monthly SIP: ₹ 500/- and in multiples of ₹ 1/- thereafter;
(ii) Quarterly SIP: ₹ 1500/- and in multiples of ₹ 1/- thereafter. There is no upper limit
Frequency Available:Daily, Weekly, Monthly and Quarterly

Monthly AAUM## As On February 28, 2023 : ₹ 62.04 Crores
AUM## As On February 28, 2023: ₹ 138.52 Crores

## excluding inter-scheme Investments, if any, by other schemes of BNP Paribas Mutual Fund, as may be applicable

FIXED INCOME HOLDINGS Rating % of Net Assets
Government Securities 99.65%
✔ GOI 7.26% 22.08.2032 GOV SOVEREIGN 68.39%
✔ Maharashtra 7.74% 01.03.2033 SDL SOVEREIGN 10.85%
✔ Tamilnadu 7.65% 25.01.2033 SDL SOVEREIGN 7.21%
✔ Maharashtra 7.64% 25.01.2033 SDL SOVEREIGN 7.19%
✔ Karnataka 7.18% 05.01.2033 SDL SOVEREIGN 3.49%
✔ Bihar 7.85% 27.10.2032 SDL SOVEREIGN 2.19%
✔ Rajasthan 8.05% 27.07.2037 SDL SOVEREIGN 0.30%
✔ GOI 07.88% 19.03.30 SOVEREIGN 0.04%
Money Market Instruments 18.19%
TREPS/Reverse Repo 18.19%
Total Fixed Income Holdings 117.83%
Net Receivables / (Payables) -17.83%
GRAND TOTAL 100.00%

Investment in Top 10 scrips constitutes 99.65% of the portfolio




For Scheme Performance please click here


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 - Distributor Plan (%) 0.45
TER - Direct Plan (%) 0.14
Average Maturity (years) 9.6
Modified Duration (years) 6.71
YTM (%) 7.67
Macaulay Duration† (years) 6.96

* 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.


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Click here For Scheme wise Potential Risk Class (PRC) matrix.


Mutual Fund investments are subject to market risks, read all scheme related documents carefully.