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3 star

BNP Paribas Low Duration Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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 4.78 0.02 0.19 1.01 2.50 4.67 8.89 7.30 7.42 7.77 8.13
CCIL T Bill Liquidity Weight 2.02 0.02 0.05 0.25 0.87 1.95 4.02 4.18 4.33 4.71 4.78
Debt: Low Duration 1.89 0.02 0.18 0.94 1.33 1.78 5.09 4.62 5.81 6.54 7.09
Rank within category 3 24 17 15 13 2 7 10 12 9 7
Number of funds in category 25 25 25 25 25 25 25 25 24 22 17

As on 03-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
BNP Paribas Low Duration Fund
3 star
Oct-05 8.89 7.30 7.42 1.00 193
ICICI Prudential Savings Fund  | Invest Now
4 star
Sep-02 9.23 8.02 8.24 0.50 18,250
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 8.47 7.73 7.82 1.04 8,727
Axis Treasury Advantage Fund  | Invest Online
5 star
Oct-09 8.96 7.93 7.91 0.58 4,777
IDFC Low Duration Fund - Regular Plan
4 star
Jan-06 8.70 7.76 7.99 0.48 4,144

Best & Worst Performance

Best (Period) Worst (Period)
Week 4.86 (07-Jun-2019 - 14-Jun-2019) -5.77 (31-May-2019 - 07-Jun-2019)
Month 5.93 (07-Jun-2019 - 09-Jul-2019) -5.03 (08-May-2019 - 07-Jun-2019)
Quarter 7.59 (07-Jun-2019 - 06-Sep-2019) -3.86 (08-Mar-2019 - 07-Jun-2019)
Year 13.91 (04-Jun-2019 - 03-Jun-2020) 1.79 (07-Jun-2018 - 07-Jun-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.05 1.12 1.56 1.97 1.08 3.07
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Low Duration 4.56 3.72 0.95 1.91 0.20 -0.50
Rank within category 10 11 11 12 21 5
Number of funds in category 25 25 25 25 25 25

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 12 19 11 45
Modified Duration (yrs) 0.92 1.02 0.78 0.82
Average Maturity (yrs) 1.06 1.18 0.87 0.96
Yield to Maturity (%) 5.02 7.67 5.02 6.44

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.40% Power Grid Corporation 14/09/2020 Bonds AAA 0.00 - 10.49 10.49
new 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 7.87 7.87
new REC 13/12/2022 Debenture AAA 0.00 - 7.85 7.85
new 7.35% Bajaj Finance 2022 Non Convertible Debenture AAA 0.00 - 6.82 6.82
equal 9.50% Muthoot Finance 27/12/2021 Debenture AA 0.00 - 5.16 5.16
equal 7.34% HUDCO 16/09/2022 Debenture AAA 0.00 - 4.04 4.04
new 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 3.15 3.15
new 7.33% LIC Housing Fin. 2025 Debenture AAA 0.00 - 2.63 2.63
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 0.00 - 2.57 2.57
new 7.05% Reliance Industries 13/09/2023 Debenture AAA 0.00 - 2.11 2.11
equal 7.12% REC 31/03/2023 Non Convertible Debenture AAA 0.00 - 1.10 1.10
new 6.35% Export-Import Bank 18/02/2025 Debenture AAA 0.00 - 0.80 0.80

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-May-2020

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:


0.02%

Change from previous, NAV as on 03-Jul-2020

Growth: ₹ 30.7778

Dividend Weekly: ₹ 10.0692

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Dividend Monthly: ₹ 10.3605

Dividend Daily: ₹ 10.1320


Investment Strategy

The Scheme seeks to provide income consistent with the prudent risk from a portfolio comprising investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 6 months - 12 months.

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

Basic Details

Fund House: BNP Paribas Mutual Fund
Launch Date: 21-Oct-2005
Return Since Launch: 7.94%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low
Type: Open-ended
Assets: ₹ 193 Cr (As on 31-May-2020)
Expense: 1.00% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly02-Jul-20200.0243

 25-Jun-20200.0021
 18-Jun-20200.0176
 11-Jun-20200.0095
 04-Jun-20200.0185
 28-May-20200.0174
 21-May-20200.0106
 14-May-20200.0296
 08-May-20200.0137
 23-Apr-20200.0534
 16-Apr-20200.0031
 07-Apr-20200.0698
 05-Mar-20200.0118
 27-Feb-20200.0082
 20-Feb-20200.0119
 13-Feb-20200.0103
 06-Feb-20200.0188
 30-Jan-20200.0076
 23-Jan-20200.0128
 16-Jan-20200.0095
 09-Jan-20200.0095
 02-Jan-20200.0098
 26-Dec-20190.0086
 19-Dec-20190.0079
 12-Dec-20190.0079
Dividend Daily29-Jun-20200.0037

 26-Jun-20200.0013
 25-Jun-20200.0012
 24-Jun-20200.0006
 23-Jun-20200.0003
 18-Jun-20200.0038
 17-Jun-20200.0024
 16-Jun-20200.0017
 11-Jun-20200.0091
 09-Jun-20200.0029
 08-Jun-20200.0017
 05-Jun-20200.0014
 03-Jun-20200.0038
 01-Jun-20200.0033
 29-May-20200.0012
 28-May-20200.0013
 27-May-20200.0013
 26-May-20200.0049
 22-May-20200.0099
 21-May-20200.0059
 20-May-20200.0091
 19-May-20200.0050
 18-May-20200.0078
 15-May-20200.0044
 14-May-20200.0044
Dividend Monthly28-Feb-20200.0497

 30-Jan-20200.0511
 26-Dec-20190.0309
 28-Nov-20190.0449
 31-Oct-20190.0660
 26-Sep-20190.0347
 29-Aug-20190.0483
 25-Jul-20190.0066
 30-May-20190.0688
 25-Apr-20190.0401
 28-Mar-20190.0486
 28-Feb-20190.0368
 31-Jan-20190.0568
 27-Dec-20180.0566
 29-Nov-20180.0582
 25-Oct-20180.0473
 27-Sep-20180.0121
 30-Aug-20180.0466
 26-Jul-20180.0434
 28-Jun-20180.0501
 31-May-20180.0268
 26-Apr-20180.0405
 22-Mar-20180.0432
 22-Feb-20180.0336
 25-Jan-20180.0277

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: http://www.bnpparibasmf.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

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