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Baroda BNP Paribas Credit Risk Fund- Plan A download report

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Debt: Credit Risk

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1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

"Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios."

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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
Baroda BNP Paribas Credit Risk Reg-G 0.88 0.01 0.17 -0.48 -0.19 1.18 12.34 7.26 6.77 7.87 --
CCIL T Bill Liquidity Weight* 0.65 0.03 0.06 0.00 0.31 0.86 1.95 2.76 3.33 3.73 --
Debt: Credit Risk 9.76 0.01 0.15 -0.52 8.22 10.02 15.82 3.68 4.18 5.58 --
Rank within category 4 7 5 7 8 5 4 3 3 1 --
Number of funds in category 15 15 15 15 15 15 15 15 15 14 4

As on 26-May-2022

* As on 27-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Baroda BNP Paribas Credit Risk Fund- Plan A
5 star
 Jan-15 12.34 7.26 6.77 1.60% 205
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
5 star
 Mar-14 3.78 7.79 7.04 1.57% 8,925
ICICI Prudential Credit Risk Fund  | Invest Now
4 star
 Dec-10 5.03 7.81 7.41 1.55% 8,317
SBI Credit Risk Fund  | Invest Online
4 star
 Jul-04 3.80 6.60 6.33 1.55% 3,131
Axis Credit Risk Fund - Regular Plan
4 star
 Jul-14 3.56 5.27 5.69 1.66% 719

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 7.25 27-Sep-2021 - 04-Oct-2021 -3.60 04-Mar-2020 - 11-Mar-2020
Month 8.19 17-Sep-2021 - 18-Oct-2021 -5.02 20-Apr-2020 - 20-May-2020
Quarter 10.19 10-Aug-2021 - 09-Nov-2021 -8.16 04-Mar-2020 - 03-Jun-2020
Year 21.36 30-Sep-2020 - 30-Sep-2021 -6.28 03-Jun-2019 - 02-Jun-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Baroda BNP Paribas Credit Risk Reg-G 7.39 6.32 0.61 0.91 -7.46 -1.14
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Credit Risk 5.65 10.05 0.68 0.87 -6.80 -2.44
Rank within category 4 11 8 5 5 10
Number of funds in category 15 15 15 15 15 15

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

As on 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 22 15 31
Modified Duration (yrs) 1.55 2.13 1.51 1.82
Average Maturity (yrs) 1.92 2.89 1.44 2.49
Yield to Maturity (%) 6.31 6.59 5.12 6.60
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
equal 8.84% Tata Power Company 21/11/2022 Non Convertible Debenture AA 8.39 - 9.06 8.45
equal 5.15% GOI 2025 GOI Securities SOV 7.03 - 10.05 7.03
equal 9.60% Tata Motors 29/10/2022 Debenture AA- 0.00 - 7.03 6.97
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.00 - 6.25 6.17
equal 11.00% Motilal Oswal Home Finance 2026 Bonds AA- 0.00 - 6.27 6.11
new 8.40% GOI 28/07/2024 Central Government Loan SOV 0.00 - 5.13 5.13
equal 7.70% Shriram City Union Finance 21/12/2022 Non Convertible Debenture AA 0.00 - 4.92 4.91
equal 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA 0.00 - 4.92 4.90
equal 6.43% Godrej Industries 26/04/2024 Non Convertible Debenture AA 0.00 - 4.94 4.86
equal 6.25% Embassy Office Parks REIT 18/10/2024 Debenture AAA 0.00 - 4.88 4.83
new 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 4.74 4.74
equal 6.75% Piramal Capital & Housing Finance 26/09/2031 Debenture AA 0.00 - 4.29 4.16
equal 8.50% JSW Steel 2027 Debenture AA 0.00 - 4.15 4.00
down 10.00% Edelweiss Housing Finance 19/07/2026 Debenture A+ 2.18 - 4.07 3.19
equal 5.80% Aditya Birla Fashion and Retail 2024 Non Convertible Debenture AA 0.00 - 2.42 2.39
new 9.00% SAIL 14/10/2024 Bonds AA 0.00 - 0.46 0.46

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 30-Apr-2022

Fund Manager

— Alok Sahoo since 08-Jan-2015

Education: Mr. Sahoo is a B.E and PGDM from XIM Bhubaneshwar.

Experience: Prior to joining Baroda BNP Paribas AMC, he has worked with UTI Mutual Fund and HSBC Mutual Fund.

Funds Managed:

— Karn Kumar since 24-Jul-2017

Education: Mr. Kumar is CA and B.com(Hons)

Experience: Prior to joining Baroda BNP Paribas Asset Management India Limited, he has worked with CRISIL Ltd, ICICI bank and Sterlite Industries ltd.

0.04%

Change from previous, NAV as on 27-May-2022

Growth: ₹ 17.6400

IDCW Quarterly: ₹ 11.7359

IDCW Monthly: ₹ 11.3039

Investment Strategy

The Scheme seeks to generate returns by investing in debt and money market instruments across the credit spectrum.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 1
Min. Balance (₹) 1
Lock-in Period Not Applicable
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Baroda BNP Paribas Mutual Fund
Launch Date: 23-Jan-2015
Return Since Launch: 8.03%
Benchmark: CRISIL Credit Risk Fund CIII Index
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 205 Cr (As on 30-Apr-2022)
Expense: 1.60% (As on 30-Apr-2022)
Risk Grade: Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly27-Apr-20220.0500

 28-Mar-20220.0500
 25-Feb-20220.0600
 27-Jan-20220.0600
 27-Dec-20210.0600
 26-Nov-20210.0700
 27-Oct-20210.0700
 27-Sep-20210.0700
 27-Aug-20210.0700
 27-Jul-20210.0700
 25-Jun-20210.0700
 27-May-20210.0700
 27-Apr-20210.0700
 26-Mar-20210.0700
 27-Feb-20200.0504
 27-Jan-20200.0504
 25-Oct-20190.0504
 27-Sep-20190.0504
 27-Aug-20190.0504
 26-Jul-20190.0504
 27-Jun-20190.0504
 27-May-20190.0504
 26-Apr-20190.0504
 27-Mar-20190.0504
 27-Feb-20190.0504
IDCW Quarterly28-Mar-20220.1500

 28-Dec-20210.1800
 27-Sep-20210.2000
 25-Jun-20210.1000
 23-Mar-20210.1000
 24-Dec-20190.0360
 04-Oct-20190.0720
 27-Jun-20190.1080
 22-Mar-20190.1513
 26-Dec-20180.1513
 26-Sep-20180.1513
 02-Jul-20180.1513
 16-Mar-20180.1517
 29-Dec-20170.1517
 27-Sep-20170.1517
 30-Jun-20170.1517
 24-Mar-20170.1517
 30-Dec-20160.1300
 30-Sep-20160.1517
 24-Jun-20160.1517
 23-Mar-20160.1517
 30-Dec-20150.1517
 28-Sep-20150.1517
 26-Jun-20150.1517

Contact Information

AMC: Baroda BNP Paribas Asset Management (India) Private Ltd.

Address: BNP Paribas House, 7th Floor, G-Block, Bandra Kurla Complex, Bandra Mumbai - 400051

Phone: 022-33704000

Fax: 022-33704294

Website: https://www.barodabnpparibasmf.in/

Registrar & Transfer Agent: KFin Technologies 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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