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Unrated

BNP Paribas Corporate Bond Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 2.08 0.07 0.11 1.32 2.16 5.16 1.69 4.61 6.20 6.94 7.22
VR Bond 2.05 0.15 0.36 1.66 2.61 3.31 9.27 7.09 7.21 7.57 7.45
Debt: Corporate Bond 2.12 0.06 0.14 1.44 2.38 4.51 9.24 7.08 7.54 8.02 7.97

As on 26-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.76 (10-Dec-2008 - 17-Dec-2008) -10.85 (03-Jun-2019 - 10-Jun-2019)
Month 15.16 (03-Dec-2008 - 02-Jan-2009) -10.25 (03-May-2019 - 04-Jun-2019)
Quarter 8.12 (12-Nov-2008 - 12-Feb-2009) -10.00 (11-Mar-2019 - 10-Jun-2019)
Year 12.02 (03-Feb-2016 - 02-Feb-2017) -4.30 (04-Jun-2018 - 04-Jun-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.16 4.52 -0.33 -0.22 0.17 -1.57
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Corporate Bond 6.27 2.58 0.58 1.06 0.60 0.39

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 12 16 10 68
Modified Duration (yrs) 2.16 2.26 1.93 2.48
Average Maturity (yrs) 2.64 2.68 2.31 3.19
Yield to Maturity (%) 6.43 9.85 6.33 7.19

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 10.44 10.38
equal 8.13% Power Grid Corporation 25/04/2023 Debenture AAA 0.00 - 8.93 8.92
equal 7.95% SIDBI 26/04/2022 Debenture AAA 0.00 - 8.82 8.78
equal 7.34% HUDCO 16/09/2022 Debenture AAA 0.00 - 8.68 8.65
equal 7.60% Grasim Industries 2024 Non Convertible Debenture AAA 0.00 - 11.34 8.58
equal 7.09% REC 17/10/2022 Debenture AAA 0.00 - 8.54 8.53
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 0.00 - 7.01 6.99
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 7.01 6.99
equal 7.15% Ultratech Cement 18/10/2021 Debenture AAA 4.61 - 9.28 6.89
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 6.89 6.87
new 7.50% HDFC 2025 Debenture AAA 0.00 - 6.84 6.84
equal 8.05% Sundaram Finance 15/07/2022 Debenture AAA 0.00 - 3.47 3.46

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:


0.07%

Change from previous, NAV as on 26-Feb-2020

Growth: ₹ 23.2650

Dividend Yearly: ₹ 10.0844

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Dividend Quarterly: ₹ 10.0824

Dividend Monthly: ₹ 10.0354


Investment Strategy

The Scheme seeks to generate income and capital gains through investments predominantly in AA+ and above rated corporate bonds.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 10
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 5,000
Exit Load 1% for redemption within 365 days
0.5% for redemption between 366 - 730 days
0.25% for redemption between 731 - 1095 days

Basic Details

Fund House: BNP Paribas Mutual Fund
Launch Date: 08-Nov-2008
Return Since Launch: 7.75%
Benchmark: CRISIL Corporate Bond Fund
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 29 Cr (As on 31-Jan-2020)
Expense: 0.98% (As on 30-Sep-2016)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-Mar-20190.0989

 28-Feb-20190.0426
 31-Jan-20190.0455
 27-Dec-20180.0876
 29-Nov-20180.0864
 30-Aug-20180.0446
 26-Jul-20180.0577
 28-Jun-20180.0003
 22-Mar-20180.0545
 22-Feb-20180.0043
 25-Jan-20180.0377
 28-Dec-20170.0007
 30-Nov-20170.0402
 26-Oct-20170.0359
 28-Sep-20170.0374
 31-Aug-20170.0620
 27-Jul-20170.0416
 29-Jun-20170.0577
 25-May-20170.0469
 27-Apr-20170.0626
 23-Mar-20170.0282
 23-Feb-20170.0230
 27-Jan-20170.1223
 30-Dec-20160.0307
 25-Nov-20160.0849
Dividend Quarterly28-Mar-20190.2118

 27-Dec-20180.1753
 27-Sep-20180.0563
 28-Jun-20180.0120
 22-Mar-20180.0768
 28-Dec-20170.1001
 28-Sep-20170.1382
 29-Jun-20170.1722
 23-Mar-20170.0889
 30-Dec-20160.2991
 30-Sep-20160.2750
 24-Jun-20160.1555
 18-Mar-20160.0491
 23-Dec-20150.1397
 24-Sep-20150.1455
 26-Jun-20150.1527
 27-Mar-20150.1951
 26-Dec-20140.1661
 26-Sep-20140.1425
 27-Jun-20140.1672
 28-Mar-20140.1384
 27-Dec-20130.1428
 27-Sep-20130.0852
 28-Jun-20130.1557
 28-Mar-20130.1875
Dividend Yearly28-Mar-20190.4682

 22-Mar-20180.5018
 23-Mar-20170.8479
 18-Mar-20160.5027
 27-Mar-20150.6907
 28-Mar-20140.5149
 28-Mar-20130.8257
 30-Mar-20120.7213
 31-Mar-20110.5085
 31-Mar-20100.4702
 05-Oct-20090.3831
 31-Mar-20090.5323
Dividend Fortnightly15-Dec-20090.0695

 30-Nov-20090.0338
 30-Jan-20090.1201
 14-Jan-20090.1158
 30-Dec-20080.3899
 14-Dec-20080.2761
 01-Dec-20080.0951

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

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