VR Logo

BNP Paribas Low Duration Fund


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

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.

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 1.24 -0.01 0.05 0.75 1.62 3.68 7.14 6.92 7.30 7.72 7.95
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 4.71
Debt: Low Duration 0.89 0.00 0.08 0.61 1.12 2.63 2.08 5.23 6.30 7.03 7.22
Rank within category 7 24 24 6 8 11 12 12 12 10 6
Number of funds in category 26 26 26 26 26 26 26 26 24 23 16

As on 25-Feb-2020

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 10.24 (07-Oct-2011 - 08-Oct-2012) 1.79 (07-Jun-2018 - 07-Jun-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.60 0.98 0.96 1.08 1.94 4.05
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Low Duration 5.08 3.25 0.69 1.45 1.93 2.52
Rank within category 12 10 11 11 15 12
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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 18 23 11 52
Modified Duration (yrs) 0.88 0.92 0.62 0.74
Average Maturity (yrs) 1.02 1.02 0.69 0.92
Yield to Maturity (%) 6.11 8.35 5.88 6.93

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 8.36% REC 22/09/2020 Debenture AAA 0.00 - 7.93 7.93
new 8.37% National Bank Agr. Rur. Devp 22/06/2020 Debenture AAA 0.00 - 7.89 7.89
equal 7.12% The Ramco Cements 18/06/2021 Debenture AA+ 0.00 - 7.82 7.82
equal Tata Capital Financial Services 180-D 18/05/2020 Commercial Paper A1+ 0.00 - 7.69 7.69
new SIDBI 20/01/2021 Commercial Paper A1+ 0.00 - 7.39 7.39
equal 8.40% Power Grid Corporation 14/09/2020 Bonds AAA 0.00 - 6.37 6.35
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 12.23 6.15
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 6.15 6.15
new Indusind Bank 23/06/2020 Certificate of Deposit A1+ 0.00 - 5.20 5.20
equal 8.25% ICICI Home Finance Company 22/03/2021 Debenture AAA 0.00 - 7.71 4.73
equal 8.05% Sundaram Finance 15/07/2022 Debenture AAA 0.00 - 6.13 4.13
new 8.10% Tata Capital Housing Finance 14/01/2023 Non Convertible Debenture AAA 0.00 - 3.14 3.14
new 9.50% Muthoot Finance 27/12/2021 Debenture AA 0.00 - 3.13 3.13
new 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 2.60 2.60
equal 7.34% HUDCO 16/09/2022 Debenture AAA 0.00 - 3.04 2.38
new 6.79% HUDCO 14/04/2023 Non Convertible Debenture AAA 0.00 - 2.19 2.19
new 8.32% Power Grid Corporation 23/12/2025 Bonds AAA 0.00 - 1.66 1.66
new 7.12% REC 31/03/2023 Non Convertible Debenture AAA 0.00 - 0.66 0.66

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-Jan-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:


-0.01%

Change from previous, NAV as on 25-Feb-2020

Growth: ₹ 29.7408

Dividend Weekly: ₹ 10.0225

More

Dividend Monthly: ₹ 10.0802

Dividend Daily: ₹ 10.0594


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: 7.89%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low
Type: Open-ended
Assets: ₹ 320 Cr (As on 31-Jan-2020)
Expense: 1.00% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Feb-20200.0039

 17-Feb-20200.0036
 14-Feb-20200.0013
 13-Feb-20200.0024
 12-Feb-20200.0002
 11-Feb-20200.0020
 10-Feb-20200.0049
 07-Feb-20200.0074
 06-Feb-20200.0101
 05-Feb-20200.0033
 04-Feb-20200.0020
 03-Feb-20200.0057
 31-Jan-20200.0014
 30-Jan-20200.0008
 29-Jan-20200.0014
 28-Jan-20200.0012
 27-Jan-20200.0036
 24-Jan-20200.0024
 23-Jan-20200.0019
 22-Jan-20200.0026
 21-Jan-20200.0005
 20-Jan-20200.0062
 17-Jan-20200.0015
 16-Jan-20200.0008
 15-Jan-20200.0013
Dividend Weekly20-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
 05-Dec-20190.0082
 28-Nov-20190.0089
 21-Nov-20190.0188
 14-Nov-20190.0076
 07-Nov-20190.0091
 31-Oct-20190.0137
 24-Oct-20190.0103
 17-Oct-20190.0149
 10-Oct-20190.0177
 03-Oct-20190.0091
 26-Sep-20190.0108
 19-Sep-20190.0090
 12-Sep-20190.0062
 05-Sep-20190.0085
Dividend Monthly30-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
 28-Dec-20170.0209

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: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM