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2 star

BNP Paribas Corporate Bond Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

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 6.77 0.15 0.69 2.15 5.54 6.34 11.87 5.54 7.27 7.82 --
VR Bond 5.41 0.15 0.30 0.82 3.14 5.25 7.44 7.07 7.52 7.61 --
Debt: Corporate Bond 7.24 0.16 0.63 2.23 5.71 6.94 11.79 8.14 8.58 8.80 --
Rank within category 15 10 5 13 12 16 13 13 12 10 --
Number of funds in category 20 20 20 20 20 20 20 14 13 10 0

As on 08-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
BNP Paribas Corporate Bond Fund - Direct Plan
2 star
Jan-13 11.87 5.54 7.27 0.25 24
HDFC Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 12.34 9.24 9.31 0.30 18,360
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 12.42 9.25 9.27 0.30 18,059
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 11.92 8.91 9.04 0.25 12,707
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 10.96 9.01 8.92 0.31 4,359

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.16 (20-Jun-2019 - 27-Jun-2019) -10.84 (03-Jun-2019 - 10-Jun-2019)
Month 5.67 (10-Jun-2019 - 10-Jul-2019) -10.22 (03-May-2019 - 04-Jun-2019)
Quarter 7.51 (10-Jun-2019 - 09-Sep-2019) -9.88 (11-Mar-2019 - 10-Jun-2019)
Year 15.31 (10-Jun-2019 - 09-Jun-2020) -3.84 (04-Jun-2018 - 04-Jun-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.33 4.69 0.01 0.01 0.17 -0.21
VR Bond 6.73 1.95 0.74 1.57 -- --
Debt: Corporate Bond 7.71 2.74 1.26 2.52 0.63 1.51
Rank within category 13 13 13 13 2 13
Number of funds in category 14 14 14 14 14 14

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 11 13 10 73
Modified Duration (yrs) 2.78 2.78 1.93 --
Average Maturity (yrs) 3.45 3.45 2.31 --
Yield to Maturity (%) 5.79 8.72 5.79 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.95% SIDBI 26/04/2022 Debenture AAA 0.00 - 10.91 10.91
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 10.87 10.87
equal 7.34% HUDCO 16/09/2022 Debenture AAA 0.00 - 10.78 10.78
down 7.60% Grasim Industries 2024 Non Convertible Debenture AAA 0.00 - 11.34 8.62
new 7.35% Nat. Highways Authority 28/04/2030 Debenture AAA 0.00 - 8.58 8.58
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 4.32 - 8.56 8.56
equal 7.78% LIC Housing Fin. 29/08/2024 Debenture AAA 0.00 - 8.56 8.56
new 6.35% Export-Import Bank 18/02/2025 Debenture AAA 0.00 - 8.51 8.51
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 8.51 8.51
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 8.45 8.45
equal 7.36% Power Grid Corporation 18/10/2026 Debenture AAA 0.00 - 7.32 4.40

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-May-2020

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:


0.15%

Change from previous, NAV as on 08-Jul-2020

Growth: ₹ 21.9336

Dividend Yearly: ₹ 10.6179

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Dividend Quarterly: ₹ 10.7662

Dividend Monthly: ₹ 10.5194


Investment Strategy

The Scheme seeks to generate income and capital gains through investments predominantly in AA+ and above rated corporate bonds.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 300
Minimum No of Cheques 20
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 1% for redemption within 365 days
0.5% for redemption between 366 - 730 days
0.25% for redemption between 731 - 1095 days

Basic Details

Fund House: BNP Paribas Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.86%
Benchmark: CRISIL Corporate Bond Fund
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 24 Cr (As on 31-May-2020)
Expense: 0.25% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly30-May-20190.0062

 28-Mar-20190.1014
 28-Feb-20190.0449
 31-Jan-20190.0485
 27-Dec-20180.0900
 29-Nov-20180.0949
 30-Aug-20180.0481
 26-Jul-20180.0605
 28-Jun-20180.0100
 22-Mar-20180.0573
 22-Feb-20180.0070
 25-Jan-20180.0405
 28-Dec-20170.0034
 30-Nov-20170.0438
 26-Oct-20170.0386
 28-Sep-20170.0404
 31-Aug-20170.0657
 27-Jul-20170.0446
 29-Jun-20170.0615
 25-May-20170.0494
 27-Apr-20170.1230
 23-Mar-20170.0474
 23-Feb-20170.3805
 27-Jan-20170.0107
 30-Dec-20160.0924
Dividend Quarterly28-Mar-20190.2263

 27-Dec-20180.1860
 27-Sep-20180.0676
 28-Jun-20180.0223
 22-Mar-20180.0859
 28-Dec-20170.1139
 28-Sep-20170.1498
 29-Jun-20170.1850
 23-Mar-20170.0828
 30-Dec-20160.1624
 28-Mar-20140.1522
 27-Dec-20130.1558
 27-Sep-20130.1000
 28-Jun-20130.1717
 28-Mar-20130.1695
Dividend Yearly28-Mar-20190.5085

 22-Mar-20180.5650
 23-Mar-20170.9205
 18-Mar-20160.5266
 27-Mar-20150.7161
 28-Mar-20140.5375
 28-Mar-20130.1167

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: http://www.bnpparibasmf.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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