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4 star

BNP Paribas Overnight Fund - Direct Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 1.85 0.01 0.06 0.28 0.80 1.56 3.12 -- -- -- --
CCIL T Bill Liquidity Weight 1.18 -0.01 0.05 0.20 0.55 1.09 2.12 -- -- -- --
Debt: Overnight 1.85 0.01 0.06 0.27 0.80 1.56 3.11 -- -- -- --
Rank within category 13 16 15 4 18 13 12 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 0

As on 03-Aug-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
BNP Paribas Overnight Fund - Direct Plan
4 star
Apr-19 3.12 -- -- 0.08 31
Nippon India Overnight Fund - Direct Plan  | Invest Online
4 star
Dec-18 3.10 -- -- 0.10 5,273
DSP Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-19 3.12 -- -- 0.06 1,213
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.17 -- -- 0.11 468
SBI Overnight Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.09 4.51 5.11 0.10 18,441

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.15 26-Apr-2019 - 05-May-2019 0.01 26-Mar-2020 - 02-Apr-2020
Month 0.53 18-Apr-2019 - 20-May-2019 0.22 25-Mar-2020 - 24-Apr-2020
Quarter 1.48 26-Apr-2019 - 28-Jul-2019 0.72 25-Mar-2020 - 24-Jun-2020
Year 5.17 12-Apr-2019 - 12-Apr-2020 3.04 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.44 0.39 -1.76 -4.38 -- --
Debt: Overnight* 4.44 0.40 0.77 4.11 0.68 0.78
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-Jul-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.23 3.36 3.00 3.24
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Jun-2021

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 03-Aug-2021

Growth: ₹ 1,094.9910

IDCW Weekly: ₹ 1,000.4242

IDCW 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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: BNP Paribas Mutual Fund
Launch Date: 12-Apr-2019
Return Since Launch: 4.00%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 31 Cr (As on 30-Jun-2021)
Expense: 0.08% (As on 30-Jun-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-Aug-20210.0850

 01-Aug-20210.1715
 30-Jul-20210.0852
 29-Jul-20210.0850
 28-Jul-20210.0854
 27-Jul-20210.0859
 26-Jul-20210.0863
 25-Jul-20210.1735
 23-Jul-20210.0863
 22-Jul-20210.0861
 21-Jul-20210.0870
 20-Jul-20210.0866
 19-Jul-20210.0859
 18-Jul-20210.1897
 16-Jul-20210.0944
 15-Jul-20210.0859
 14-Jul-20210.0837
 13-Jul-20210.0871
 12-Jul-20210.0862
 11-Jul-20210.1718
 09-Jul-20210.0854
 08-Jul-20210.0831
 07-Jul-20210.0861
 05-Jul-20210.0851
 04-Jul-20210.1718
IDCW Weekly29-Jul-20210.5995

 22-Jul-20210.6243
 15-Jul-20210.5953
 08-Jul-20210.5946
 01-Jul-20210.5999
 24-Jun-20210.5993
 17-Jun-20210.6035
 10-Jun-20210.5990
 03-Jun-20210.6013
 27-May-20210.6125
 20-May-20210.6099
 13-May-20210.6122
 06-May-20210.5966
 29-Apr-20210.5991
 22-Apr-20210.5995
 15-Apr-20210.5890
 08-Apr-20210.3040
 04-Apr-20210.8780
 25-Mar-20210.6088
 18-Mar-20210.6081
 11-Mar-20210.6016
 04-Mar-20210.5860
 25-Feb-20210.5457
 18-Feb-20210.5638
 11-Feb-20210.5979

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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