Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth

Equity
Direct
Elss (Tax Savings)
Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth

About the Fund

Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Sanjay Chawla, Pratish Krishnan. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth has ₹929 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 1.

Returns

Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth has given a CAGR return of 16.97% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 44.45%, 19.50% and 20.84% respectively.

Holdings

Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Tech, Consumer Cyclical, Health, Communication, Basic Materials, Consumer Defensive, Energy, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Axis Bank Ltd

Taxation

As it is a elss (tax savings) mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth

The investment objective of the Scheme is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent from time to time. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth of 3 Years

Fund Performance
zero opening, trading, fund transfer fee
195 people have invested ₹ 14L in Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
13
/23
51% Performance
46% Risk Management
12% Cost
13 out of 23 among elss (tax savings)
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Beats FD returns for both 3Y & 5Y
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No bad points found for this fund.

Fund Overview

Expense ratio1.04%
Benchmark
S&P BSE 200 India TR INR
AUM₹929 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
80.09%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 97.2%

  • Debt & Cash 2.8%

Large cap
54.7%

Mid cap
24.1%

Small cap
18.5%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
30.1%
Industrial
13.9%
Tech
13%
Consumer Cyclical
11.3%
Health
5.4%
Communication
5.1%
Basic Materials
5%
Consumer Defensive
4.9%
Energy
4.7%
Utilities
3.4%
Real Estate
3.2%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Trent Ltd
Trent Ltd
5.4%
HDFC Bank Ltd
HDFC Bank Ltd
0.7%

Sanjay Chawla
Sanjay Chawla
Fund Manager of Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth, since 14 March 2022
Pratish Krishnan
Pratish Krishnan
Fund Manager of Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth, since 14 March 2022

Mutual Fund Insights

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This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.04% which is lower than the category average expense ratio of 1.28%.
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Over the last 1 year, this fund has decreased expense ratio by 9.6% moving from 1.15 to 1.04.
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In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 59.5% return, outperforming this fund by 15.05%.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.24% return, outperforming this fund by 15.4% per annum.
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Over the last 1 month, this fund has experienced a 5.5% growth in AUM moving from 880.22 Cr to 928.94 Cr.
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In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 28.78% return, outperforming this fund by 9.29% per annum.

Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.97% since inception which is more than its category average return of 16.8%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.24% in Equity, 0% in Debt and 2.76% in Cash related instruments
AUM size ₹929 Cr

AUM size ₹929 Cr

This fund has AUM of ₹929 Cr which is less than its category average of ₹ 3925 Cr
Expense Ratio 1.04%

Expense Ratio 1.04%

This fund has an expense ratio of 1.04% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions

The current NAV of Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth is ₹103.29 as on 18-Jul-2024.
Existing (Absolute + CAGR) as on 18-Jul-2024.
Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.35%
3.35%
6 Month Returns
22%
22%
1 Year Returns
44.45%
44.45%
3 Years Returns
70.64%
19.5%
5 Years Returns
157.71%
20.84%
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1.04% as on June 2024
₹929 Cr as on June 2024
HDFC Bank Ltd(6.04%), ICICI Bank Ltd(5.11%), Reliance Industries Ltd(4.6%), Infosys Ltd(3.29%), Axis Bank Ltd(3.06%) as on June 2024
Financial Services(29.26%), Industrial(13.51%), Tech(12.64%) as on June 2024
The alpha ratio for the Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth
6.32
1.6
2.33
As on June 2024
The alpha for Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth
0.98
0.9
0.84
As on June 2024
The Beta for Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth
2.44
1.03
0.87
As on June 2024
The sharpe ratio for Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth
12.58
12.91
16.51
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.07 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.08 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Sanjay Chawla, Pratish Krishnan are the fund managers of Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth
The Exit load of Baroda BNP Paribas ELSS Tax Saver Fund Direct Growth is 0%