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Unrated

BNP Paribas Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.86 0.01 0.05 0.23 0.74 1.82 4.39 -- -- -- --
CCIL T Bill Liquidity Weight 2.02 0.02 0.05 0.25 0.87 1.95 4.02 -- -- -- --
Debt: Overnight 1.83 0.01 0.05 0.23 0.73 1.80 4.34 -- -- -- --
Rank within category 10 17 12 13 9 9 7 -- -- -- --
Number of funds in category 28 30 30 30 30 28 18 3 3 3 3

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 Overnight Fund - Regular Plan
Unrated
Apr-19 4.39 -- -- 0.18 362
HDFC Overnight Fund  | Invest Online
Unrated
Feb-02 4.30 5.45 5.83 0.20 16,741
SBI Overnight Fund  | Invest Online
Unrated
Oct-02 4.37 5.50 5.94 0.18 12,348
ICICI Prudential Overnight Fund  | Invest Now
Unrated
Nov-18 4.32 -- -- 0.20 10,566
Aditya Birla Sun Life Overnight Fund - Regular Plan  | Invest Online
Unrated
Nov-18 4.33 -- -- 0.22 8,257

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) 0.21 (25-Mar-2020 - 24-Apr-2020)
Quarter 1.45 (26-Apr-2019 - 28-Jul-2019) 0.70 (25-Mar-2020 - 24-Jun-2020)
Year 5.05 (12-Apr-2019 - 12-Apr-2020) 4.37 (04-Jul-2019 - 03-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: Overnight* 5.16 0.32 -0.48 -0.60 0.24 0.16
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- 1 1 2
Modified Duration (yrs) 0.00 0.01 0.00 0.01
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.23 6.14 0.65 3.22

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-May-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:


--

Change from previous, NAV as on 05-Jul-2020

Growth: ₹ 1,057.7750

Dividend Weekly: ₹ 1,000.2408

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: 4.67%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 362 Cr (As on 31-May-2020)
Expense: 0.18% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily05-Jul-20200.1602

 03-Jul-20200.0800
 02-Jul-20200.0790
 01-Jul-20200.0758
 30-Jun-20200.0799
 29-Jun-20200.0769
 28-Jun-20200.1559
 26-Jun-20200.0772
 25-Jun-20200.0736
 24-Jun-20200.0564
 23-Jun-20200.0778
 22-Jun-20200.0788
 21-Jun-20200.1574
 19-Jun-20200.0779
 18-Jun-20200.0733
 17-Jun-20200.0751
 16-Jun-20200.0757
 15-Jun-20200.0750
 14-Jun-20200.1528
 12-Jun-20200.0757
 11-Jun-20200.0767
 10-Jun-20200.0786
 09-Jun-20200.0801
 08-Jun-20200.0805
 07-Jun-20200.1645
Dividend Weekly02-Jul-20200.5463

 25-Jun-20200.5231
 18-Jun-20200.5289
 11-Jun-20200.5633
 04-Jun-20200.5704
 28-May-20200.5524
 21-May-20200.5926
 14-May-20200.5555
 07-May-20200.6265
 30-Apr-20200.4700
 23-Apr-20200.6055
 16-Apr-20200.6597
 09-Apr-20200.2616
 06-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

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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