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BNP Paribas Flexi Debt Fund


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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 2.66 0.20 0.55 3.09 3.38 4.52 10.17 6.69 7.22 8.23 7.97
VR Bond 1.50 0.12 0.26 1.49 2.27 3.04 8.68 6.91 7.12 7.53 7.39
Debt: Dynamic Bond 1.96 0.17 0.43 2.02 2.52 4.11 9.17 6.35 7.04 7.89 8.23
Rank within category 6 12 8 4 9 13 16 11 11 10 8
Number of funds in category 29 30 30 29 29 29 29 24 23 22 15

As on 14-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 5.13 (10-Dec-2008 - 17-Dec-2008) -11.40 (02-Jan-2009 - 09-Jan-2009)
Month 11.65 (03-Dec-2008 - 02-Jan-2009) -6.18 (30-Dec-2008 - 29-Jan-2009)
Quarter 16.57 (03-Oct-2008 - 02-Jan-2009) -5.87 (05-Jan-2009 - 06-Apr-2009)
Year 25.12 (03-Jan-2008 - 02-Jan-2009) 0.10 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.20 2.81 -0.17 -0.28 1.21 -0.91
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Dynamic Bond 5.19 3.21 0.04 0.15 1.10 -0.88
Rank within category 16 8 16 16 13 15
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-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 22 28 18 20
Modified Duration (yrs) 4.89 5.75 2.77 --
Average Maturity (yrs) 6.92 9.55 3.69 --
Yield to Maturity (%) 6.69 7.97 6.11 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 24.65 12.07
equal 7.60% Grasim Industries 2024 Non Convertible Debenture AAA 0.00 - 8.52 8.52
new 8.32% Power Grid Corporation 23/12/2025 Bonds AAA 0.00 - 8.18 8.18
new 8.25% Maharashtra State 13/05/2025 State Development Loan SOV 0.00 - 8.14 8.14
new 8.17% Tamilnadu State 26/11/2025 State Development Loan SOV 0.00 - 8.14 8.14
new 8.02% Export-Import Bank 29/10/2025 Bonds AAA 0.00 - 8.03 8.03
new 7.79% LIC Housing Fin. 18/10/2024 Debenture AAA 0.00 - 7.71 7.71
new 7.50% HDFC 2025 Debenture AAA 0.00 - 7.71 7.71
equal Reserve Bank of India 364-D 11/06/2020 Treasury Bills SOV 0.00 - 7.54 7.54
new 8.65% Chhattisgarh State 20/03/2023 State Development Loan SOV 0.00 - 4.07 4.07
new 8.75% REC 2025 Bonds AAA 0.00 - 4.05 4.05
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.56 - 0.75 0.75
equal 9.13% Gujarat State 2022 State Development Loan SOV 0.52 - 2.50 0.65
equal 9.13% Air India Ltd. 26/03/2020 Debenture AAA 0.35 - 0.46 0.46
equal 8.33% GOI 2026 Central Government Loan SOV 0.25 - 0.33 0.33
equal 9.71% Haryana State 2024 State Development Loan SOV 0.21 - 0.28 0.28
equal 7.73% GOI 19/12/2034 GOI Securities SOV 0.17 - 0.24 0.24
equal 8.39% Andhra Pradesh State 23/05/2028 State Development Loan SOV 0.17 - 0.23 0.23
equal 8.24% GOI 15/02/2027 Central Government Loan SOV 0.13 - 0.18 0.18
equal 8.13% GOI 22/06/2045 GOI Securities SOV 0.07 - 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-Jan-2020

*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:


0.20%

Change from previous, NAV as on 14-Feb-2020

Growth: ₹ 34.0760

Dividend Weekly: ₹ 10.1521

More

Dividend Quarterly: ₹ 10.3832

Dividend Monthly: ₹ 10.2415

Dividend Half Yearly: ₹ 10.4627

Dividend Daily: ₹ 10.1372


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 (₹) 300
Minimum No of Cheques 20
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 0.75% for redemption within 180 days

Basic Details

Fund House: BNP Paribas Mutual Fund
Launch Date: 23-Sep-2004
Return Since Launch: 8.29%
Benchmark: CRISIL Dynamic Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 130 Cr (As on 31-Jan-2020)
Expense: 0.95% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily14-Feb-20200.0104

 13-Feb-20200.0135
 12-Feb-20200.0022
 11-Feb-20200.0013
 10-Feb-20200.0093
 07-Feb-20200.0179
 06-Feb-20200.0381
 05-Feb-20200.0033
 04-Feb-20200.0047
 03-Feb-20200.0284
 30-Jan-20200.0011
 27-Jan-20200.0067
 24-Jan-20200.0074
 23-Jan-20200.0052
 02-Jan-20200.0067
 01-Jan-20200.0131
 27-Dec-20190.0055
 04-Dec-20190.0037
 03-Dec-20190.0005
 28-Nov-20190.0065
 27-Nov-20190.0010
 26-Nov-20190.0005
 25-Nov-20190.0044
 20-Nov-20190.0066
 19-Nov-20190.0072
Dividend Weekly13-Feb-20200.0339

 06-Feb-20200.0600
 30-Jan-20200.0153
 23-Jan-20200.0052
 02-Jan-20200.0295
 28-Nov-20190.0225
 21-Nov-20190.0217
 31-Oct-20190.0175
 03-Oct-20190.0124
 05-Sep-20190.0014
 08-Aug-20190.0221
 18-Jul-20190.0378
 11-Jul-20190.0619
 20-Jun-20190.0359
 06-Jun-20190.0505
 30-May-20190.0454
 23-May-20190.0472
 16-May-20190.0139
 09-May-20190.0037
 04-Apr-20190.0030
 28-Mar-20190.0208
 22-Mar-20190.0405
 14-Mar-20190.0300
 07-Mar-20190.0203
 21-Feb-20190.0020
Dividend Monthly30-Jan-20200.0442

 26-Dec-20190.0150
 28-Nov-20190.0343
 31-Oct-20190.0276
 29-Aug-20190.0529
 25-Jul-20190.0767
 27-Jun-20190.0928
 30-May-20190.0937
 25-Apr-20190.0077
 28-Mar-20190.0937
 28-Feb-20190.0215
 31-Jan-20190.0226
 27-Dec-20180.0686
 29-Nov-20180.0907
 25-Oct-20180.0413
 30-Aug-20180.0154
 26-Jul-20180.0467
 26-Oct-20170.0215
 28-Sep-20170.0273
 31-Aug-20170.0337
 27-Jul-20170.0546
 29-Jun-20170.1359
 25-May-20170.0457
 27-Apr-20170.0031
 27-Jan-20170.0321
Dividend Quarterly26-Dec-20190.0558

 26-Sep-20190.0980
 01-Jul-20190.2403
 28-Mar-20190.1215
 27-Dec-20180.2069
 27-Sep-20180.0552
 28-Jun-20180.0108
 28-Sep-20170.1736
 29-Jun-20170.1486
 30-Dec-20160.3234
 30-Sep-20160.3617
 24-Jun-20160.1939
 18-Mar-20160.0456
 23-Dec-20150.1447
 24-Sep-20150.1192
 27-Mar-20150.3993
 26-Dec-20140.2868
 26-Sep-20140.1228
 27-Jun-20140.2441
 28-Mar-20140.1955
 27-Dec-20130.0096
 28-Jun-20130.3353
 28-Mar-20130.3022
 28-Dec-20120.2069
 28-Sep-20120.1456
Dividend Half Yearly26-Sep-20190.3434

 28-Mar-20190.3310
 27-Sep-20180.0670
 28-Sep-20170.3645
 23-Mar-20170.2866
 30-Sep-20160.5679
 18-Mar-20160.1938
 24-Sep-20150.1169
 27-Mar-20150.6968
 26-Sep-20140.3664
 28-Mar-20140.3157
 27-Sep-20130.2213
 28-Mar-20130.5251
 28-Sep-20120.4429
 30-Mar-20120.3318
 29-Sep-20110.2612
 31-Mar-20110.1478
 29-Sep-20100.2053
 31-Mar-20100.1833
 29-Sep-20090.6375
 31-Mar-20090.9153
 29-Sep-20080.3789
 31-Mar-20080.4380
 29-Sep-20070.3504
 30-Mar-20070.3947

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

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