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BNP Paribas Medium Term Fund


1 Lakh

Investment declined to
₹ 0.97 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.19 Lakh

Analyst's Choice?

Suitability:

Medium Duration debt funds invest in bonds maturing in 3 to 4 years' time. They aim to earn slightly better returns than inflation and bank fixed deposits of a similar duration. 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.

We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. Therefore, Balanced Hybrid or Conservative Hybrid funds, which invest a part of your money in equity shares, are more suitable alternatives for an investment horizon of 3-5 years. They witness sharper ups and downs than Medium Duration debt funds but the possibility of incurring a loss is substantially reduced if you invest for 3 years and above.

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.14 0.05 -0.11 0.81 1.12 1.61 -3.10 2.20 4.65 -- --
VR Bond 0.12 0.04 -0.12 1.02 1.24 1.24 7.72 6.09 7.00 -- --
Debt: Medium Duration 0.01 -0.20 -0.29 0.75 0.95 2.03 4.06 5.31 6.49 -- --
Rank within category 14 14 15 13 11 13 13 14 11 -- --
Number of funds in category 18 19 19 17 17 17 16 15 12 9 8

As on 16-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 7.39 (10-Jun-2019 - 10-Jul-2019) -12.33 (10-May-2019 - 10-Jun-2019)
Quarter 8.57 (10-Jun-2019 - 09-Sep-2019) -12.20 (11-Mar-2019 - 10-Jun-2019)
Year 11.48 (09-Apr-2014 - 09-Apr-2015) -7.91 (04-Jun-2018 - 04-Jun-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.54 5.11 -0.62 -0.47 0.27 -3.29
VR Bond 6.11 2.14 0.33 -- -- --
Debt: Medium Duration 5.31 3.10 0.11 0.41 0.57 -0.63
Rank within category 15 15 14 14 2 15
Number of funds in category 16 16 16 16 16 16

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 13 18 12 48
Modified Duration (yrs) 3.45 3.47 2.85 3.02
Average Maturity (yrs) 4.57 4.83 4.02 4.28
Yield to Maturity (%) 6.96 9.59 6.81 9.18

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 21.17 21.17
equal 8.40% Sundaram Bnp Paribas Home Finance 2022 Non Convertible Debenture AA+ 0.00 - 11.02 11.02
equal 8.59% Andhra Pradesh State 23/01/2023 State Development Loan SOV 0.00 - 7.21 7.21
new 7.86% Karnataka State 15/03/2027 State Development Loan SOV 0.00 - 7.11 7.11
new 7.85% Grasim Industries 15/04/2024 Non Convertible Debenture AAA 0.00 - 6.92 6.92
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 8.91 6.87
equal 6.99% HUDCO 2022 Debenture AAA 0.00 - 6.87 6.87
new 7.12% The Ramco Cements 18/06/2021 Debenture AA+ 0.00 - 6.84 6.84
equal 8.70% LIC Housing Fin. 23/03/2029 Debenture AAA 0.00 - 4.28 4.28
equal 7.15% Ultratech Cement 18/10/2021 Debenture AAA 0.56 - 10.05 4.14
equal 8.13% Power Grid Corporation 25/04/2023 Debenture AAA 0.00 - 3.56 3.56
equal 8.02% BPCL 2024 Debenture AAA 0.00 - 8.50 2.82
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 2.10 2.10

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

— 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:


0.05%

Change from previous, NAV as on 16-Jan-2020

Growth: ₹ 13.8826

Dividend Yearly: ₹ 9.6917

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Dividend Monthly: ₹ 9.5556

Dividend Half Yearly: ₹ 9.6217

Calendar Quarterly: ₹ 9.6198


Investment Strategy

The Scheme seeks to optimize returns by from a portfolio comprising investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 year and 4 years.

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

Basic Details

Fund House: BNP Paribas Mutual Fund
Launch Date: 05-Mar-2014
Return Since Launch: 5.75%
Benchmark: CRISIL Medium Term Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 73 Cr (As on 31-Dec-2019)
Expense: 1.23% (As on 31-Dec-2019)
Risk Grade: High
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Calendar Quarterly28-Mar-20190.1075

 27-Dec-20180.1887
 27-Sep-20180.0362
 28-Jun-20180.0223
 22-Mar-20180.0564
 28-Dec-20170.1081
 28-Sep-20170.1645
 29-Jun-20170.1487
 23-Mar-20170.1718
 30-Dec-20160.1573
 30-Sep-20160.1554
 24-Jun-20160.1484
 18-Mar-20160.1403
 23-Dec-20150.2786
 24-Sep-20150.1481
 26-Jun-20150.1580
 27-Mar-20150.1770
 26-Dec-20140.0292
 26-Sep-20140.1825
 27-Jun-20140.1556
 28-Mar-20140.0190
Dividend Half Yearly28-Mar-20190.2980

 27-Sep-20180.0589
 22-Mar-20180.1672
 28-Sep-20170.3161
 23-Mar-20170.3338
 30-Sep-20160.3062
 18-Mar-20160.2815
 24-Sep-20150.2980
 27-Mar-20150.3209
 26-Sep-20140.3628
 28-Mar-20140.0259
Dividend Monthly28-Mar-20190.1042

 31-Jan-20190.0043
 27-Dec-20180.0865
 29-Nov-20180.0983
 30-Aug-20180.0252
 26-Jul-20180.0509
 28-Jun-20180.0071
 22-Mar-20180.0526
 25-Jan-20180.0273
 28-Dec-20170.0034
 30-Nov-20170.0451
 26-Oct-20170.0361
 28-Sep-20170.0366
 31-Aug-20170.0770
 27-Jul-20170.0429
 29-Jun-20170.0696
 25-May-20170.0376
 27-Apr-20170.0567
 23-Mar-20170.0569
 23-Feb-20170.0458
 27-Jan-20170.0525
 30-Dec-20160.0543
 25-Nov-20160.0550
 27-Oct-20160.0471
 30-Sep-20160.0579
Dividend Yearly28-Mar-20190.3688

 22-Mar-20180.5037
 23-Mar-20170.6539
 18-Mar-20160.5978
 27-Mar-20150.6051
 28-Mar-20140.0259

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

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM