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Unrated

BNP Paribas Flexi Debt Fund - Regular Plan A


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending upon where it expects to earn maximum returns, the fund management team decides whether to invest in bonds maturing in a few months time or in the ones maturing several years later. Therefore, they are the most versatile type of debt funds available.

However, like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.12 0.22 0.18 1.07 1.43 1.74 8.92 5.73 7.38 8.16 7.84
Debt: Dynamic Bond -0.01 0.01 -0.13 0.83 1.11 1.81 7.39 5.07 6.75 7.62 7.91

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 5.48 (26-Mar-2009 - 27-Apr-2009) -3.45 (17-Jun-2013 - 17-Jul-2013)
Quarter 7.39 (02-Apr-2009 - 03-Jul-2009) -6.00 (20-May-2013 - 19-Aug-2013)
Year 17.00 (24-Nov-2015 - 24-Nov-2016) 0.66 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.81 2.83 0.03 0.06 1.22 -0.38
Debt: Dynamic Bond 5.41 3.18 0.11 0.27 1.11 -0.74

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 18 28 18 21
Modified Duration (yrs) 4.89 5.75 2.77 3.38
Average Maturity (yrs) 6.92 9.55 3.69 4.57
Yield to Maturity (%) 6.69 7.97 6.11 7.13

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 26.63 26.63
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 20.94 20.94
new 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 24.65 15.50
equal 7.60% Grasim Industries 2024 Non Convertible Debenture AAA 0.00 - 8.14 8.14
equal Reserve Bank of India 364-D 11/06/2020 Treasury Bills SOV 0.00 - 7.21 7.21
new 7.86% Karnataka State 15/03/2027 State Development Loan SOV 0.00 - 3.84 3.84
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 2.65 - 3.64 3.64
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.53 - 0.72 0.72
equal 9.13% Gujarat State 2022 State Development Loan SOV 0.52 - 2.50 0.62
equal 9.13% Air India Ltd. 26/03/2020 Debenture AAA 0.33 - 0.45 0.45
equal 8.33% GOI 2026 Central Government Loan SOV 0.23 - 0.32 0.32
equal 9.71% Haryana State 2024 State Development Loan SOV 0.19 - 0.27 0.27
equal 7.73% GOI 19/12/2034 GOI Securities SOV 0.16 - 0.23 0.23
equal 8.39% Andhra Pradesh State 23/05/2028 State Development Loan SOV 0.16 - 0.22 0.22
equal 8.24% GOI 15/02/2027 Central Government Loan SOV 0.12 - 0.17 0.17
equal 8.13% GOI 22/06/2045 GOI Securities SOV 0.06 - 0.09 0.09
equal 8.26% Maharashtra State 2029 State Development Loan SOV 0.00 - 0.00 0.00
equal 7.64% Haryana State 29/03/2027 State Development Loan SOV 0.00 - 0.00 0.00

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-2019

Fund Manager

— Mayank Prakash since 23-Aug-2017

Education: Mr. Prakash is a Chartered Accountant and MBA (Finance).

Experience: Prior to joining BNP Paribas Mutual Fund he has worked with Kotak AMC.

Funds Managed:

— Vikram Pamnani since 27-Dec-2017

Education: Mr. Pamnani holds PGDM in Finance.

Experience: Prior to joining BNP Paribas Mutual Fund, he worked with Essel Finance AMC Ltd. as Fund Manager, Canara Robeco AMC Ltd. as Fixed Income Dealer & Deutsche Bank as Process Executive.

Funds Managed:


0.22%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 23.0738

Dividend Quarterly: ₹ 10.1263


Investment Strategy

The scheme aims to generate income through investments in a range of debt and money market instruments of various maturities to maximise income while maintaining an optimum balance between yield, safety and liquidity.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 10
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Exit Load 0.75% for redemption within 180 days

Basic Details

Fund House: BNP Paribas Mutual Fund
Launch Date: 06-Feb-2009
Return Since Launch: 7.93%
Benchmark: CRISIL Dynamic Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 136 Cr (As on 31-Dec-2019)
Expense: 1.61% (As on 28-Feb-2017)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly26-Sep-20190.1135

 01-Jul-20190.2567
 28-Mar-20190.1310
 27-Dec-20180.2162
 27-Sep-20180.0643
 28-Jun-20180.0428
 28-Sep-20170.1835
 29-Jun-20170.1618
 30-Dec-20160.3359
 30-Sep-20160.3585
 24-Jun-20160.2152
 18-Mar-20160.0532
 23-Dec-20150.1512
 24-Sep-20150.1242
 27-Mar-20150.3944
 26-Dec-20140.2827
 26-Sep-20140.1181
 27-Jun-20140.2459
 28-Mar-20140.1730
 28-Jun-20130.3115
 28-Mar-20130.4723
 28-Sep-20120.1468
 29-Jun-20120.2907
 30-Mar-20120.1751
 30-Dec-20110.1542
Dividend Monthly26-Apr-20130.1570

 22-Feb-20130.0437
 24-Jan-20130.1900
 28-Dec-20120.0941
 30-Nov-20120.0559
 31-Oct-20120.0582
 28-Sep-20120.0732
 31-Aug-20120.0599
 31-Jul-20120.0341
 29-Jun-20120.0512
 31-May-20120.1088
 30-Apr-20120.0646
 30-Mar-20120.0790
 29-Feb-20120.0850
 31-Jan-20120.0758
 30-Dec-20110.1341
 30-Nov-20110.0409
 30-Aug-20110.0569
 30-Jun-20110.1025
 31-May-20110.0250
 29-Apr-20110.0277
 31-Mar-20110.1189
 28-Feb-20110.0266
 31-Dec-20100.0105
 30-Nov-20100.0220
Dividend Weekly04-Nov-20100.0117

 07-Oct-20100.0011
 01-Oct-20100.0105
 23-Sep-20100.0216
 09-Sep-20100.0153
 22-Jul-20100.0005
 15-Jul-20100.0147
 08-Jul-20100.0135
 02-Jul-20100.0012
 17-Jun-20100.0124
 10-Jun-20100.0186
 03-Jun-20100.0214
 28-May-20100.0104
 20-May-20100.0118
 13-May-20100.0137
 06-May-20100.0094
 29-Apr-20100.0099
 22-Apr-20100.0082
 15-Apr-20100.0069
 08-Apr-20100.0041
 05-Apr-20100.0121
 25-Mar-20100.0077
 18-Mar-20100.0032
 11-Mar-20100.0079
 04-Mar-20100.0078
Dividend Daily29-Sep-20100.0054

 28-Sep-20100.0036
 27-Sep-20100.0044
 24-Sep-20100.0016
 23-Sep-20100.0051
 22-Sep-20100.0096
 21-Sep-20100.0024
 20-Sep-20100.0026
 15-Sep-20100.0021
 09-Sep-20100.0080
 26-Jul-20100.0012
 19-Jul-20100.0033
 07-Jul-20100.0095
 02-Jul-20100.0062
 30-Jun-20100.0056
 29-Jun-20100.0016
 09-Jun-20100.0007
 08-Jun-20100.0029
 07-Jun-20100.0082
 04-Jun-20100.0044
 03-Jun-20100.0013
 31-May-20100.0009
 25-May-20100.0027
 24-May-20100.0012
 21-May-20100.0042
Dividend Half Yearly31-Mar-20100.1641

Contact Information

AMC: BNP Paribas Asset Management (India) Private Ltd.

Address: BNP Paribas House, 1 North Avenue, Maker Maxity, Bandra Kurla Complex, Bandra (E) Mumbai - 400051

Phone: 022-33704000

Fax: 022-33704294

Email: [email protected]

Website: www.bnpparibasmf.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM