VR Logo

3 star

Baroda Credit Risk Fund- Plan B Direct


Debt: Credit Risk

1 Lakh

Investment declined to
₹ 0.98 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.18 Lakh

Suitability:

Credit risk funds invest mainly in corporate bonds which are below the highest rating assigned 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 of all types of debt funds. However, they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than highest rated bonds. Moreover, investors can also benefit if the rating of these bonds is subsequently upgraded.

But 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -3.10 0.14 0.54 1.72 -1.74 -3.28 -1.63 3.30 6.71 -- --
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 4.13 4.32 -- --
Debt: Credit Risk -2.16 0.01 0.08 2.13 -0.39 -2.47 0.05 1.91 4.71 -- --
Rank within category 14 2 4 13 17 14 15 11 7 -- --
Number of funds in category 19 19 19 19 19 19 19 17 15 6 0

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Baroda Credit Risk Fund- Plan B Direct
3 star
Jan-15 -1.63 3.30 6.71 1.05 304
ICICI Prudential Credit Risk Fund - Direct Plan  | Invest Now
5 star
Jan-13 10.68 8.71 9.26 0.96 6,562
HDFC Credit Risk Debt Fund - Direct Plan  | Invest Online
4 star
Mar-14 9.70 7.78 9.09 1.13 6,309
SBI Credit Risk Fund - Direct Plan  | Invest Online
4 star
Jan-13 9.39 7.47 8.67 0.91 3,895
Kotak Credit Risk Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.43 7.80 9.06 0.76 2,004

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.27 (24-Mar-2020 - 31-Mar-2020) -3.59 (04-Mar-2020 - 11-Mar-2020)
Month 2.37 (24-Mar-2020 - 23-Apr-2020) -4.96 (20-Apr-2020 - 20-May-2020)
Quarter 4.43 (08-Jul-2016 - 07-Oct-2016) -7.98 (04-Mar-2020 - 03-Jun-2020)
Year 13.62 (26-Feb-2016 - 27-Feb-2017) -5.48 (03-Jun-2019 - 02-Jun-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.16 3.75 -0.57 -0.45 -1.46 -3.92
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Credit Risk 2.01 6.41 -0.07 0.13 -2.77 -6.70
Rank within category 11 10 13 16 8 11
Number of funds in category 18 18 18 18 18 18

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 15 29 15 26
Modified Duration (yrs) 1.14 1.79 1.07 1.66
Average Maturity (yrs) 1.55 2.31 1.50 1.94
Yield to Maturity (%) 10.93 13.15 8.51 9.75

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 11.00% Motilal Oswal Home Finance 2026 Bonds A+ 6.16 - 16.69 16.69
down 9.50% Indusind Bank Bonds AA 5.85 - 13.53 13.53
down 9.18% Vedanta 2021 Debenture AA 0.00 - 10.57 9.35
equal 9.70% Piramal Enterprises 24/12/2020 Non Convertible Debenture AA 0.00 - 8.22 8.22
equal 8.84% Tata Power 21/11/2022 Non Convertible Debenture AA 0.00 - 5.78 5.78
equal 8.90% Indiabulls Housing Finance 26/09/2021 Bonds AA 0.00 - 5.67 5.67
equal 7.83% IRFC 21/03/2027 Bonds AAA 1.46 - 4.07 4.07
equal 10.00% Edelweiss Housing Finance 19/07/2026 Debenture A+ 0.00 - 3.25 3.25
new 8.35% Bharti Airtel 20/04/2021 Non Convertible Debenture AA 0.00 - 1.69 1.69
equal 8.15% National Bank Agr. Rur. Devp 28/03/2029 Non Convertible Debenture AAA 0.53 - 1.46 1.46
equal 9.25% Dewan Housing Fin. Corpn. 2023 Debenture D 0.85 - 1.57 0.96
equal 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 0.53 - 2.11 0.69
equal 2.00% Tata Steel 23/04/2022 Debenture AA 0.00 - 7.03 0.54
equal 9.30% Dewan Housing Fin. Corpn. 16/08/2026 Bonds/NCDs D 0.31 - 0.54 0.33
equal 6.68% GOI 17/09/2031 GOI Securities SOV 0.07 - 0.20 0.20

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-Jun-2020

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 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 Pioneer Mutual Fund, he has worked with CRISIL Ltd, ICICI bank and Sterlite Industries ltd.

Funds Managed:


0.14%

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

Growth: ₹ 14.6360

Dividend Quarterly: ₹ 10.3843

Dividend Monthly: ₹ 10.0612


Investment Strategy

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

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 1
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 Mutual Fund
Launch Date: 23-Jan-2015
Return Since Launch: 7.20%
Benchmark: CRISIL Short Term Credit Risk
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 304 Cr (As on 30-Jun-2020)
Expense: 1.05% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly26-Jun-20200.0500

 24-Dec-20190.0360
 04-Oct-20190.0720
 27-Jun-20190.1080
 22-Mar-20190.1729
 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-20160.1517
 30-Sep-20160.1517
 24-Jun-20160.1517
 23-Mar-20160.1517
 30-Dec-20150.1517
 28-Sep-20150.1517
 26-Jun-20150.1517
Dividend Monthly27-Apr-20200.0700

 27-Mar-20200.0504
 27-Feb-20200.0504
 27-Jan-20200.0504
 27-Dec-20190.0504
 27-Nov-20190.0504
 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
 25-Jan-20190.0504
 27-Dec-20180.0504
 27-Nov-20180.0504
 26-Oct-20180.0504
 27-Sep-20180.0504
 27-Aug-20180.0504
 27-Jul-20180.0504
 27-Jun-20180.0504
 25-May-20180.0504
 27-Apr-20180.0504

Contact Information

AMC: Baroda Asset Management India Ltd

Address: 501, Raheja Titanium, Western Express Highway, Goregoan, (E) Mumbai - 400063

Phone: +91 22-3074 1000

Fax: +91 22-3074 1001

Email: [email protected]

Website: http://www.barodapioneer.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

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM