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:
|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 (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)|
|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
|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|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|7.26% GOI 14/01/2029||GOI Securities||SOV||0.00 - 21.17||21.17|
|8.40% Sundaram Bnp Paribas Home Finance 2022||Non Convertible Debenture||AA+||0.00 - 11.02||11.02|
|8.59% Andhra Pradesh State 23/01/2023||State Development Loan||SOV||0.00 - 7.21||7.21|
|7.86% Karnataka State 15/03/2027||State Development Loan||SOV||0.00 - 7.11||7.11|
|7.85% Grasim Industries 15/04/2024||Non Convertible Debenture||AAA||0.00 - 6.92||6.92|
|7.17% Reliance Industries 2022||Non Convertible Debenture||AAA||0.00 - 8.91||6.87|
|6.99% HUDCO 2022||Debenture||AAA||0.00 - 6.87||6.87|
|7.12% The Ramco Cements 18/06/2021||Debenture||AA+||0.00 - 6.84||6.84|
|8.70% LIC Housing Fin. 23/03/2029||Debenture||AAA||0.00 - 4.28||4.28|
|7.15% Ultratech Cement 18/10/2021||Debenture||AAA||0.56 - 10.05||4.14|
|8.13% Power Grid Corporation 25/04/2023||Debenture||AAA||0.00 - 3.56||3.56|
|8.02% BPCL 2024||Debenture||AAA||0.00 - 8.50||2.82|
|7.85% National Bank Agr. Rur. Devp 23/05/2022||Non Convertible Debenture||AAA||0.00 - 2.10||2.10|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2019
Education: Mr. Prakash is a Chartered Accountant and MBA (Finance).
Experience: Prior to joining BNP Paribas Mutual Fund he has worked with Kotak AMC.
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.
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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.
|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|
|Fund House:||BNP Paribas Mutual Fund|
|Return Since Launch:||5.75%|
|Benchmark:||CRISIL Medium Term Debt|
|Assets:||₹ 73 Cr (As on 31-Dec-2019)|
|Expense:||1.23% (As on 31-Dec-2019)|
|Return Grade:||Below Average|
|Plan||Record Date||Dividend (₹ / Unit)|
|Dividend Half Yearly||28-Mar-2019||0.2980|
AMC: BNP Paribas Asset Management (India) Private Ltd.
Address: BNP Paribas House, 1 North Avenue, Maker Maxity, Bandra Kurla Complex, Bandra (E) Mumbai - 400051
Email: [email protected]
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
Email: [email protected]