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BNP Paribas Corporate Bond Fund


1 Lakh

Investment Grown to
₹ 1.00 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 1.93 2.79 2.44 -0.08 1.93 4.41 0.30 4.41 6.09 6.88 --
VR Bond 2.81 0.69 0.84 0.78 2.80 4.41 9.17 7.05 7.30 7.64 --
Debt: Corporate Bond 2.09 2.35 2.02 0.00 2.13 4.38 7.70 6.86 7.45 7.95 --
Rank within category 12 4 4 17 13 10 19 13 12 10 --
Number of funds in category 20 20 20 20 20 20 20 14 13 10 6

As on 27-Mar-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.79 (10-Dec-2008 - 17-Dec-2008) -10.85 (03-Jun-2019 - 10-Jun-2019)
Month 15.27 (03-Dec-2008 - 02-Jan-2009) -10.25 (03-May-2019 - 04-Jun-2019)
Quarter 8.16 (12-Nov-2008 - 11-Feb-2009) -11.51 (02-Feb-2009 - 04-May-2009)
Year 12.02 (03-Feb-2016 - 02-Feb-2017) -4.21 (04-Jun-2018 - 04-Jun-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.59 4.53 -0.23 -0.16 0.17 -1.23
VR Bond 6.85 2.01 0.61 1.39 -- --
Debt: Corporate Bond 6.84 2.49 0.87 1.58 0.60 0.49
Rank within category 13 13 13 13 2 13
Number of funds in category 14 14 14 14 14 14

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

As on 29-Feb-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 13 16 10 68
Modified Duration (yrs) 2.50 2.50 1.93 2.63
Average Maturity (yrs) 3.25 3.25 2.31 3.34
Yield to Maturity (%) 6.25 9.85 6.25 7.05

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.13% Power Grid Corporation 25/04/2023 Debenture AAA 0.00 - 9.21 9.21
equal 7.95% SIDBI 26/04/2022 Debenture AAA 0.00 - 9.03 9.03
equal 7.60% Grasim Industries 2024 Non Convertible Debenture AAA 0.00 - 11.34 8.97
equal 7.34% HUDCO 16/09/2022 Debenture AAA 0.00 - 8.93 8.93
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 7.21 7.21
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 0.00 - 7.20 7.20
equal 7.15% Ultratech Cement 18/10/2021 Debenture AAA 5.20 - 9.28 7.10
equal 7.50% HDFC 2025 Debenture AAA 0.00 - 7.09 7.09
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 7.09 7.09
new 7.78% LIC Housing Fin. 29/08/2024 Debenture AAA 0.00 - 7.08 7.08
new 7.33% IRFC 27/08/2027 Debenture AAA 0.00 - 5.34 5.34
new 6.88% REC 20/03/2025 Debenture AAA 0.00 - 5.22 5.22
new 8.02% BPCL 2024 Debenture AAA 0.00 - 1.83 1.83

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 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:


2.79%

Change from previous, NAV as on 27-Mar-2020

Growth: ₹ 20.1682

Dividend Yearly: ₹ 10.0698

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Dividend Quarterly: ₹ 10.0680

Dividend Monthly: ₹ 10.0210


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 (₹) 300
Minimum No of Cheques 20
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
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: 7.35%
Benchmark: CRISIL Corporate Bond Fund
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 29 Cr (As on 29-Feb-2020)
Expense: 0.70% (As on 29-Feb-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-Mar-20190.0984

 28-Feb-20190.0432
 31-Jan-20190.0465
 27-Dec-20180.0884
 29-Nov-20180.0891
 30-Aug-20180.0457
 26-Jul-20180.0586
 28-Jun-20180.0035
 22-Mar-20180.0538
 22-Feb-20180.0029
 25-Jan-20180.0376
 28-Dec-20170.0006
 30-Nov-20170.0401
 26-Oct-20170.0362
 28-Sep-20170.0373
 31-Aug-20170.0619
 27-Jul-20170.0415
 29-Jun-20170.0574
 25-May-20170.0466
 27-Apr-20170.0631
 23-Mar-20170.0303
 23-Feb-20170.0234
 27-Jan-20170.0575
 30-Dec-20160.0929
 25-Nov-20160.0842
Dividend Quarterly28-Mar-20190.2132

 27-Dec-20180.1777
 27-Sep-20180.0596
 28-Jun-20180.0152
 22-Mar-20180.0743
 28-Dec-20170.0997
 28-Sep-20170.1379
 29-Jun-20170.1729
 23-Mar-20170.0897
 30-Dec-20160.2971
 30-Sep-20160.2761
 24-Jun-20160.1567
 18-Mar-20160.0496
 23-Dec-20150.1386
 24-Sep-20150.1439
 26-Jun-20150.1508
 27-Mar-20150.1939
 26-Dec-20140.1726
 26-Sep-20140.1528
 27-Jun-20140.1895
 28-Mar-20140.1455
 27-Dec-20130.1485
 27-Sep-20130.0941
 28-Jun-20130.1682
 28-Mar-20130.1985
Dividend Yearly28-Mar-20190.4754

 22-Mar-20180.4995
 23-Mar-20170.8590
 18-Mar-20160.5069
 27-Mar-20150.7084
 28-Mar-20140.4781
 30-Mar-20120.7681
 31-Mar-20110.4500
Dividend Fortnightly01-Dec-20080.1000

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