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3 star

Baroda Short Term Bond Fund


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 6.66 0.04 0.20 0.83 1.65 3.89 8.06 7.78 8.18 8.49 8.35
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 3.98 4.14 4.58 4.76
Debt: Short Duration 7.82 0.06 0.19 1.09 1.42 4.72 8.91 6.34 7.01 7.69 8.03
Rank within category 23 21 15 24 7 23 21 10 6 6 10
Number of funds in category 26 26 26 26 26 26 26 23 23 23 20

As on 23-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Baroda Short Term Bond Fund
3 star
Jun-10 8.06 7.78 8.18 1.35 481
ICICI Prudential Short Term Fund  | Invest Now
4 star
Oct-01 10.86 8.26 8.46 1.16 18,946
SBI Short Term Debt Fund
4 star
Jul-07 9.86 8.06 8.12 0.84 16,743
Kotak Bond - Short Term Regular Fund  | Invest Online
4 star
May-02 10.15 8.27 8.10 1.14 14,379
HDFC Short Term Debt Fund  | Invest Online
5 star
Jun-10 11.19 8.91 8.63 0.76 13,569

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.34 (24-Mar-2020 - 31-Mar-2020) -1.57 (12-Mar-2020 - 19-Mar-2020)
Month 2.48 (24-Mar-2020 - 23-Apr-2020) -1.71 (02-Jul-2013 - 01-Aug-2013)
Quarter 3.69 (23-Mar-2020 - 22-Jun-2020) -0.97 (15-May-2013 - 14-Aug-2013)
Year 10.55 (14-Aug-2013 - 14-Aug-2014) 5.25 (02-Jul-2010 - 04-Jul-2011)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.44 1.60 1.49 1.91 0.35 2.78
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Short Duration 6.06 3.47 0.79 1.62 0.77 1.88
Rank within category 10 3 5 14 6 16
Number of funds in category 24 24 24 24 24 24

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

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 30 30 15 60
Modified Duration (yrs) 2.19 2.39 1.33 2.19
Average Maturity (yrs) 2.84 3.24 1.75 2.72
Yield to Maturity (%) 5.27 9.43 5.27 5.54
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 5.77% GOI 2030 GOI Securities SOV 0.00 - 10.22 10.22
new 8.13% GOI 16/10/2021 Central Government Loan SOV 0.00 - 6.48 6.48
new NTPC 364-D 14/09/2021 Commercial Paper A1+ 0.00 - 5.61 5.61
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 5.31 5.31
new Reserve Bank of India 182-D 25/03/2021 Treasury Bills SOV 0.00 - 5.12 5.12
equal 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 0.00 - 5.43 4.29
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 5.37 4.24
equal Reliance Industries 327-D 15/06/2021 Commercial Paper A1+ 0.00 - 6.42 4.05
equal 8.00% Export-Import Bank 27/05/2021 Bonds AAA 0.00 - 6.51 4.05
equal 6.80% HPCL 15/12/2022 Debenture AAA 3.68 - 11.48 3.68
equal 8.12% NHPC 22/03/2029 Debenture AAA 3.44 - 11.17 3.44
new 8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021 Debenture AAA 0.00 - 3.22 3.22
equal 2.00% Tata Steel 23/04/2022 Debenture AA 0.00 - 8.00 3.20
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 3.06 - 8.12 3.06
equal 9.50% Indusind Bank 18/04/2022 Bonds AA 3.02 - 11.57 3.02
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 3.79 2.99
equal 7.54% IRFC 29/07/2034 Non Convertible Debenture AAA 2.22 - 5.89 2.22
equal 8.81% SIDBI 25/01/2022 Debenture AAA 0.00 - 2.79 2.20
equal Motilal Oswal Financial 89-D 28/10/2020 Commercial Paper A1+ 0.00 - 3.27 2.07
equal National Bank Agr. Rur. Devp 27/07/2021 Certificate of Deposit A1+ 0.00 - 3.19 2.02
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 1.93 - 8.27 1.93
equal 9.18% Vedanta 2021 Debenture AA 1.84 - 4.80 1.84
new RBL Bank 2020 Certificate of Deposit A1+ 0.00 - 1.65 1.65
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 0.00 - 3.99 1.52
equal Aditya Birla Finance 2022 Debenture AAA 1.29 - 3.30 1.29

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 30-Sep-2020

Fund Manager

— Alok Sahoo since 14-Jun-2010

Education: Mr. Sahoo is a B.E and PGDM from XIM Bhubaneshwar.

Experience: Prior to joining Baroda AMC he has worked with UTI Mutual Fund and HSBC Mutual Fund.

Funds Managed:

— Hetal P Shah since 14-Jun-2010

Education: Ms. Hetal P. Shah is a B.Com, MBA, and JAIIB.

Experience: Prior to joining Baroda AMC she has worked with Bank of India from may 1999.

Funds Managed:


0.04%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 22.5407

Dividend Quarterly: ₹ 10.7965

Dividend Monthly: ₹ 10.1781


Investment Strategy

The investment objective of the Scheme is to generate income from a portfolio constituted of short term debt and money market securities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 1
Exit Load 0.25% for redemption within 15 days

Basic Details

Fund House: Baroda Mutual Fund
Launch Date: 30-Jun-2010
Return Since Launch: 8.19%
Benchmark: CRISIL Short-Term Bond TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 481 Cr (As on 30-Sep-2020)
Expense: 1.35% (As on 30-Sep-2020)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-Sep-20200.0569

 27-Aug-20200.0757
 27-Jul-20200.1166
 26-Jun-20200.0368
 27-May-20200.0554
 27-Apr-20200.0581
 27-Mar-20200.0381
 27-Feb-20200.0490
 27-Jan-20200.0613
 27-Dec-20190.0412
 27-Nov-20190.0468
 25-Oct-20190.0406
 27-Sep-20190.0440
 27-Aug-20190.0372
 26-Jul-20190.1004
 27-May-20190.0618
 26-Apr-20190.0394
 27-Mar-20190.0576
 27-Feb-20190.0360
 25-Jan-20190.0410
 27-Dec-20180.0748
 27-Nov-20180.0601
 26-Oct-20180.0432
 27-Sep-20180.0078
 27-Aug-20180.0445
Dividend Quarterly25-Sep-20200.1500

 26-Jun-20200.1500
 24-Dec-20190.1080
 04-Oct-20190.1080
 27-Jun-20190.1225
 22-Mar-20190.1225
 26-Dec-20180.1225
 26-Sep-20180.1225
 02-Jul-20180.1225
 16-Mar-20180.1228
 29-Dec-20170.1228
 27-Sep-20170.1228

Contact Information

AMC: Baroda Asset Management India Ltd

Address: 501, Raheja Titanium, Western Express Highway, Goregoan, (E) Mumbai - 400063

Phone: +91 22-3074 1000

Fax: +91 22-3074 1001

Email: [email protected]

Website: http://www.barodapioneer.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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