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1 star

BNP Paribas Corporate Bond Fund


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate 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 1.65 -0.02 0.01 -0.16 0.55 1.80 2.88 4.97 5.16 6.42 7.10
VR Bond 1.67 -0.04 -0.02 -0.30 1.27 1.75 2.95 6.72 5.83 6.87 7.35
Debt: Corporate Bond 2.87 -0.03 -0.03 -0.07 1.04 2.51 4.16 8.25 7.10 7.86 8.05
Rank within category 19 12 7 18 21 21 19 17 13 12 9
Number of funds in category 20 21 21 21 21 21 20 17 13 12 9

As on 20-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
BNP Paribas Corporate Bond Fund
1 star
Nov-08 2.88 4.97 5.16 1.01% 24
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 4.77 9.22 7.89 0.61% 28,361
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 4.88 9.06 7.95 0.46% 22,271
ICICI Prudential Corporate Bond Fund  | Invest Now
5 star
Jun-09 4.72 8.51 7.54 0.59% 20,980
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
4 star
Sep-07 4.61 8.14 7.66 0.66% 10,541

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 14.88 10-Jun-2019 - 09-Jun-2020 -4.21 04-Jun-2018 - 04-Jun-2019

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.14 4.70 0.25 0.19 0.23 0.52
VR Bond 6.81 2.11 1.36 1.85 -- --
Debt: Corporate Bond 8.17 2.49 1.93 3.35 0.62 2.45
Rank within category 17 17 17 17 1 17
Number of funds in category 17 17 17 17 17 17

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

As on 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 10 13 10 93
Modified Duration (yrs) 2.33 4.08 0.96 2.15
Average Maturity (yrs) 2.78 5.85 1.06 2.78
Yield to Maturity (%) 5.10 5.46 4.03 5.01
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.34% Housing & Urban Development Corporation 16/09/2022 Debenture AAA 10.53 - 10.99 10.78
new 8.11% REC 2025 Bonds AAA 0.00 - 9.04 9.04
equal 7.60% Grasim Industries 2024 Non Convertible Debenture AAA 8.61 - 8.97 8.83
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 8.43 - 8.78 8.63
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 8.59 8.59
up 6.11% Bharat Petroleum Corporation 2025 Non Convertible Debenture AAA 4.04 - 8.43 8.43
new 6.05% Rajasthan State 16/06/2026 State Development Loan SOV 0.00 - 8.42 8.42
new 6.09% Power Finance Corporation 27/08/2026 Non Convertible Debenture AAA 0.00 - 8.41 8.41
new 5.45% NTPC 15/10/2025 Debenture AAA 0.00 - 8.35 8.35
new 7.95% LIC Housing Fin. 26/03/2027 Bonds AAA 0.00 - 7.62 7.62

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 30-Sep-2021

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:


-0.02%

Change from previous, NAV as on 21-Oct-2021

Growth: ₹ 22.1050

IDCW Yearly: ₹ 11.0292

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IDCW Quarterly: ₹ 10.3221

IDCW Monthly: ₹ 10.2772


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
Lock-in Period Not Applicable
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: 7.17%
Benchmark: CRISIL Corporate Bond Fund
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 24 Cr (As on 30-Sep-2021)
Expense: 1.01% (As on 30-Sep-2021)
Risk Grade: High
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly30-Sep-20210.0500

 26-Aug-20210.0500
 29-Jul-20210.0500
 24-Jun-20210.0500
 27-May-20210.0500
 29-Apr-20210.0500
 18-Mar-20210.0500
 25-Feb-20210.0500
 28-Jan-20210.0500
 24-Dec-20200.0500
 02-Nov-20200.0400
 25-Sep-20200.0500
 28-Aug-20200.0500
 28-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
IDCW Quarterly30-Sep-20210.1600

 24-Jun-20210.0500
 18-Mar-20210.1600
 24-Dec-20200.1600
 25-Sep-20200.1600
 28-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
IDCW 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
IDCW 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: 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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