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BNP Paribas Overnight Fund - Regular Plan


Analyst's Choice?

Suitability:

Overnight funds invest in bonds having maturity of just one day (hence the name 'Overnight'). They are suitable for institutional investors looking to park their surplus money for a few days or weeks to earn a bit extra on the sum which would otherwise lie idle in a bank account. 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 1.14 0.01 0.05 0.29 1.06 2.25 -- -- -- -- --
CCIL T Bill Liquidity Weight 1.14 0.00 0.08 0.41 1.05 1.92 -- -- -- -- --
Debt: Overnight 1.13 0.01 0.04 0.27 1.05 2.24 -- -- -- -- --
Rank within category 9 11 6 7 9 13 -- -- -- -- --
Number of funds in category 28 30 30 30 28 25 14 3 3 3 3

As on 07-Apr-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.14 (26-Apr-2019 - 05-May-2019) 0.01 (26-Mar-2020 - 02-Apr-2020)
Month 0.52 (18-Apr-2019 - 20-May-2019) 0.28 (04-Mar-2020 - 03-Apr-2020)
Quarter 1.45 (26-Apr-2019 - 28-Jul-2019) 1.07 (03-Jan-2020 - 03-Apr-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.27 -5.49 -9.70 -- --
Debt: Overnight* 5.40 0.27 -0.66 -0.81 0.22 0.18
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Mar-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 1 1 1 1
Modified Duration (yrs) -- 0.01 0.01 --
Average Maturity (yrs) -- 0.01 0.01 --
Yield to Maturity (%) 4.87 6.14 4.86 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new HDFC 362-D 02/03/2020 Commercial Paper A1+ 0.00 - 6.36 6.36

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 29-Feb-2020

Fund Manager

— Mayank Prakash since 10-Apr-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.

Funds Managed:

— Vikram Pamnani since 10-Apr-2019

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 07-Apr-2020

Growth: ₹ 1,050.1955

Dividend Weekly: ₹ 1,000.0903

Dividend Daily: ₹ 1,000.0000


Investment Strategy

The scheme seeks to generate regular returns in line with investments in overnight securities maturing on or before next business day.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: BNP Paribas Mutual Fund
Launch Date: 12-Apr-2019
Return Since Launch: 5.02%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 393 Cr (As on 29-Feb-2020)
Expense: 0.18% (As on 29-Feb-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily07-Apr-20200.0903

 06-Apr-20200.2893
 03-Apr-20200.0957
 02-Apr-20200.0257
 31-Mar-20200.0087
 30-Mar-20200.0028
 29-Mar-20200.0384
 27-Mar-20200.0187
 26-Mar-20200.0123
 25-Mar-20200.0580
 24-Mar-20200.0573
 23-Mar-20200.0895
 22-Mar-20200.1736
 20-Mar-20200.0862
 19-Mar-20200.0852
 18-Mar-20200.0878
 17-Mar-20200.0901
 16-Mar-20200.0928
 15-Mar-20200.1839
 13-Mar-20200.0913
 12-Mar-20200.0944
 11-Mar-20200.0921
 10-Mar-20200.0945
 09-Mar-20200.0941
 08-Mar-20200.1855
Dividend Weekly06-Apr-20200.5058

 26-Mar-20200.4770
 19-Mar-20200.6311
 12-Mar-20200.6526
 05-Mar-20200.6381
 27-Feb-20200.6631
 20-Feb-20200.6635
 13-Feb-20200.6529
 06-Feb-20200.6523
 30-Jan-20200.6592
 23-Jan-20200.6580
 16-Jan-20200.6487
 09-Jan-20200.5895
 02-Jan-20200.6088
 26-Dec-20190.6400
 19-Dec-20190.6407
 12-Dec-20190.6383
 05-Dec-20190.6443
 28-Nov-20190.6660
 21-Nov-20190.6562
 14-Nov-20190.6569
 07-Nov-20190.6445
 31-Oct-20190.6428
 24-Oct-20190.6550
 17-Oct-20190.6200

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

Last Session

Investors' Hangout

5 ways to deal with market panic

dateFriday, 20-Mar-2020
time12:30 PM - 01:00 PM

Registration Over