Baroda BNP Paribas Money Market Fund Direct Growth is a debt fund. This fund was started on 19 June, 2019. The fund is managed by Vikram Pamnani, Mayank Prakash. This fund is suitable to keep your money safe.
Baroda BNP Paribas Money Market Fund Direct Growth has given a CAGR return of 5.33% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.25%, 5.78% and 5.25% respectively.
Baroda BNP Paribas Money Market Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are ICICI Bank Limited, Axis Bank Limited, HDFC Bank Limited, Canara Bank, Kotak Mahindra Bank Ltd.
As it is a money market mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
The primary objective of the Scheme is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made in money market instruments.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Baroda BNP Paribas Money Market Fund Direct Growth has no lock in period.
Expense ratio | 0.23% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹39 Cr |
Inception Date | 19 June, 2019 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 414.74% |
Risk | Low to Moderate Risk |
Baroda BNP Paribas Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.65% | 0.65% |
6 Month Returns | 3.79% | 3.79% |
1 Year Returns | 7.25% | 7.25% |
3 Years Returns | 18.37% | 5.78% |
5 Years Returns | 29.13% | 5.25% |
AAA | 100 |