Baroda BNP Paribas Overnight Fund Direct Growth

Baroda BNP Paribas Overnight Fund Direct Growth is a hybrid fund. This fund was started on 25 April, 2019. The fund is managed by Gurvinder Wasan, Vikram Pamnani. This fund gives you the benefit of diversification.

1. Baroda BNP Paribas Overnight Fund Direct Growth has ₹457 Cr worth of assets under management (AUM) as on Oct 2025 and is more than category average.
2. The fund has an expense ratio 0.1.
   

Baroda BNP Paribas Overnight Fund Direct Growth has given a CAGR return of 5.12% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.03%, 6.45% and 5.35% respectively.

Baroda BNP Paribas Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government.

As it is a overnight mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The primary objective of the Scheme is to generate returns, commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of one business day. There is no assurance that the investment objective of the Scheme will be realized.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Baroda BNP Paribas Overnight Fund Direct Growth has no lock in period.