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3 star

BNP Paribas Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund."

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 3.97 0.01 0.12 0.37 0.77 2.01 4.30 6.98 7.01 7.56 --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 3.53 3.99 --
Debt: Low Duration 4.29 0.01 0.07 0.33 1.31 2.54 4.73 5.01 5.77 6.61 --
Rank within category 8 14 1 3 12 11 10 7 6 5 --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 0

As on 03-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
BNP Paribas Low Duration Fund - Direct Plan
3 star
Jan-13 4.30 6.98 7.01 0.21% 325
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 4.46 7.35 7.20 0.40% 31,730
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.66 7.41 7.15 0.44% 21,669
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.40 7.52 7.45 0.40% 17,415
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.38 7.56 7.62 0.41% 11,005

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 4.88 07-Jun-2019 - 14-Jun-2019 -5.76 31-May-2019 - 07-Jun-2019
Month 6.00 07-Jun-2019 - 09-Jul-2019 -4.97 08-May-2019 - 07-Jun-2019
Quarter 7.82 07-Jun-2019 - 06-Sep-2019 -3.66 08-Mar-2019 - 07-Jun-2019
Year 14.86 04-Jun-2019 - 03-Jun-2020 2.58 07-Jun-2018 - 07-Jun-2019

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.78 1.24 2.40 3.79 1.48 3.89
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Low Duration 5.11 4.37 1.60 3.37 -0.78 0.85
Rank within category 7 11 11 12 20 6
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 17 10 60
Modified Duration (yrs) 0.89 0.95 0.50 --
Average Maturity (yrs) 0.97 1.06 0.54 --
Yield to Maturity (%) 4.41 4.41 3.60 --
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 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 7.92 7.92
new Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 8.14 7.63
new Jamnagar Utilities and Power 335-D 21/09/2022 Commercial Paper A1+ 0.00 - 7.39 7.39
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 6.33 6.33
equal 7.03% REC 2022 Non Convertible Debenture AAA 0.00 - 6.29 6.29
new 6.51% GOI 2024 GOI Securities SOV 0.00 - 6.11 6.11
equal 6.60% Muthoot Finance 20/06/2023 Debenture AA+ 0.00 - 5.70 5.28
equal 8.10% Sundaram Home Finance 2022 Non Convertible Debenture AA+ 0.00 - 5.05 4.76
equal 5.85% Cholamandalam Investment & Finance Company 21/03/2023 Debenture AA+ 0.00 - 4.64 4.64
equal AU Small Finance Bank 2022 Certificate of Deposit A1+ 0.00 - 4.55 4.55
equal 8.25% L&T Finance 24/01/2023 Debenture AAA 0.00 - 4.83 4.46
new 5.27% National Bank Agr. Rur. Devp 29/04/2024 Debenture AAA 0.00 - 3.32 3.08
equal 4.79% Hindustan Petroleum Corporation 23/10/2023 Debenture AAA 0.00 - 3.07 3.07
down HDFC-Warrant 362-D 22/08/2022 Commercial Paper A1+ 0.00 - 5.39 2.97
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 1.03 0.94
equal 7.12% REC 31/03/2023 Non Convertible Debenture AAA 0.51 - 0.86 0.67

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-Oct-2021

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:


0.01%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 34.6795

IDCW Weekly: ₹ 10.0109

IDCW Daily: ₹ 10.0835


Investment Strategy

The Scheme seeks to provide income consistent with the prudent risk from a portfolio comprising investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 6 months - 12 months.

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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: BNP Paribas Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.00%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 325 Cr (As on 31-Oct-2021)
Expense: 0.21% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily03-Dec-20210.0007

 02-Dec-20210.0048
 01-Dec-20210.0020
 30-Nov-20210.0025
 29-Nov-20210.0017
 23-Nov-20210.0009
 22-Nov-20210.0038
 18-Nov-20210.0022
 17-Nov-20210.0009
 16-Nov-20210.0008
 15-Nov-20210.0034
 10-Nov-20210.0014
 09-Nov-20210.0028
 08-Nov-20210.0080
 03-Nov-20210.0017
 02-Nov-20210.0003
 01-Nov-20210.0006
 25-Oct-20210.0021
 22-Oct-20210.0005
 21-Oct-20210.0009
 20-Oct-20210.0003
 18-Oct-20210.0031
 14-Oct-20210.0020
 13-Oct-20210.0043
 12-Oct-20210.0017
IDCW Weekly02-Dec-20210.0123

 25-Nov-20210.0037
 18-Nov-20210.0082
 11-Nov-20210.0035
 08-Nov-20210.0124
 28-Oct-20210.0013
 21-Oct-20210.0044
 14-Oct-20210.0130
 07-Oct-20210.0031
 23-Sep-20210.0036
 16-Sep-20210.0071
 09-Sep-20210.0093
 02-Sep-20210.0111
 26-Aug-20210.0078
 20-Aug-20210.0109
 12-Aug-20210.0098
 05-Aug-20210.0072
 29-Jul-20210.0092
 22-Jul-20210.0108
 15-Jul-20210.0091
 08-Jul-20210.0135
 01-Jul-20210.0071
 24-Jun-20210.0070
 17-Jun-20210.0095
 10-Jun-20210.0081
IDCW Monthly26-Sep-20190.0387

 29-Aug-20190.0531
 25-Jul-20190.0136
 30-May-20190.0827
 25-Apr-20190.0133
 27-Feb-20150.0440
 30-Jan-20150.0634
 26-Dec-20140.0470
 28-Nov-20140.0503
 31-Oct-20140.0648
 26-Sep-20140.0533
 28-Aug-20140.0632
 25-Jul-20140.0522
 27-Jun-20140.0547
 30-May-20140.0715
 25-Apr-20140.0558
 28-Mar-20140.0591
 28-Feb-20140.0521
 31-Jan-20140.0640
 27-Dec-20130.0563
 29-Nov-20130.0703
 25-Oct-20130.0710
 27-Sep-20130.0912
 30-Aug-20130.0739
 26-Jul-20130.0069

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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