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Baroda Short Term Bond Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

The risk of incurring a loss in these funds over the said time frame 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, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, if your aim is 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 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 0.71 0.03 0.29 0.82 2.11 4.27 9.72 8.52 9.03 9.12 --
CCIL T Bill Liquidity Weight 0.24 0.00 0.07 0.28 0.84 1.91 4.21 4.15 4.45 4.78 --
Debt: Short Duration 0.50 0.06 0.28 0.60 1.47 3.34 5.41 6.07 7.24 7.92 --
Rank within category 10 29 14 7 6 17 14 1 1 3 --
Number of funds in category 29 29 29 29 29 29 28 26 26 24 0

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.73 (01-Oct-2013 - 08-Oct-2013) -1.29 (10-Jul-2013 - 17-Jul-2013)
Month 1.87 (06-Sep-2013 - 08-Oct-2013) -1.69 (02-Jul-2013 - 01-Aug-2013)
Quarter 3.59 (18-Feb-2013 - 21-May-2013) -0.90 (15-May-2013 - 14-Aug-2013)
Year 11.28 (26-Feb-2016 - 27-Feb-2017) 6.28 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.30 1.05 2.46 4.91 2.37 6.47
CCIL T Bill Liquidity Weight 4.08 0.26 -6.21 -10.52 -- --
Debt: Short Duration 6.13 3.00 0.63 1.30 3.48 6.13
Rank within category 1 1 1 1 4 18
Number of funds in category 27 27 27 27 27 27

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 25 28 17 57
Modified Duration (yrs) 2.03 2.39 0.84 2.04
Average Maturity (yrs) 2.74 3.24 1.04 2.49
Yield to Maturity (%) 7.32 8.87 7.32 7.45

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.54% Bajaj Finance 2022 Debenture AAA 0.00 - 8.57 7.36
new Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 7.13 7.13
equal 9.50% Indusind Bank 18/04/2022 Bonds AA 0.00 - 8.33 7.05
equal 6.78% Reliance Industries 16/09/2020 Non Convertible Debenture AAA 6.65 - 9.53 6.65
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 7.29 6.18
equal 8.12% NHPC 22/03/2029 Debenture AAA 0.00 - 7.15 6.08
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 6.98 5.91
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 6.40 5.80
equal 8.15% National Bank Agr. Rur. Devp 28/03/2029 Non Convertible Debenture AAA 0.00 - 5.70 4.84
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 5.30 4.78
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 0.00 - 5.20 4.29
equal 8.70% Edelweiss Rural & Corporate Services 29/06/2020 Bonds AA- 0.00 - 5.01 4.15
equal 7.54% IRFC 29/07/2034 Non Convertible Debenture AAA 0.00 - 3.36 2.87
equal 9.18% Vedanta 2021 Debenture AA 0.00 - 2.85 2.60
equal 7.17% GOI 2028 GOI Securities SOV 2.37 - 5.39 2.37
equal 11.25% India Infoline Finance 2020 Debenture AA 1.72 - 2.55 1.72
equal Aditya Birla Finance 2022 Debenture AAA 0.00 - 1.89 1.62
equal 10.40% Bank of Baroda Debenture AA 0.00 - 1.75 1.45
equal 8.07% L&T Finance 29/05/2020 Debenture AAA 1.44 - 2.10 1.44
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 1.66 1.43
equal SIDBI 24/07/2020 Debenture A1+ 0.00 - 3.40 1.39
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 0.71 0.59
equal 11.00% Motilal Oswal Home Finance 16/03/2020 Debenture A+ 0.58 - 0.85 0.58
equal 7.83% IRFC 21/03/2027 Bonds AAA 0.00 - 0.35 0.29
equal 9.50% Indusind Bank Bonds AA 0.00 - 0.31 0.25

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

— Alok Sahoo since 01-Jan-2013

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 01-Jan-2013

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:


0.03%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 22.2351

Dividend Quarterly: ₹ 10.6352

Dividend Monthly: ₹ 10.2037


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: 01-Jan-2013
Return Since Launch: 9.13%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 347 Cr (As on 31-Dec-2019)
Expense: 0.62% (As on 31-Dec-2019)
Risk Grade: Low
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly27-Dec-20190.0453

 27-Nov-20190.0513
 25-Oct-20190.0445
 27-Sep-20190.0481
 27-Aug-20190.0409
 26-Jul-20190.0920
 27-May-20190.0654
 26-Apr-20190.0429
 27-Mar-20190.0607
 27-Feb-20190.0397
 25-Jan-20190.0445
 27-Dec-20180.0785
 27-Nov-20180.0643
 26-Oct-20180.0470
 27-Sep-20180.0109
 27-Aug-20180.0489
 27-Jul-20180.0597
 27-Jun-20180.0495
 25-May-20180.0181
 27-Apr-20180.0359
 27-Mar-20180.0733
 27-Feb-20180.0324
 25-Jan-20180.0535
 27-Nov-20170.0453
 27-Oct-20170.0505
Dividend Quarterly24-Dec-20190.1080

 04-Oct-20190.1080
 27-Jun-20190.1225
 22-Mar-20190.1297
 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: www.barodapioneer.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

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