Baroda BNP Paribas Ultra Short Duration Fund Direct Growth

Baroda BNP Paribas Ultra Short Duration Fund Direct Growth

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Debt
Direct
Ultra Short Duration
NAV: ₹ 1444.81 as on 13-06-2024

About the Fund

Baroda BNP Paribas Ultra Short Duration Fund Direct Growth is a debt fund. This fund was started on 1 June, 2018. The fund is managed by Mayank Prakash, Vikram Pamnani. This fund is suitable to keep your money safe.

Key Parameters

  1. Baroda BNP Paribas Ultra Short Duration Fund Direct Growth has ₹1357 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Baroda BNP Paribas Ultra Short Duration Fund Direct Growth has given a CAGR return of 6.29% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.50%, 6.03% and 5.84% respectively.

Holdings

Baroda BNP Paribas Ultra Short Duration Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are HDFC Bank Limited, Punjab National Bank, Axis Bank Limited, Shriram Transport Finance Company Limited, LIC Housing Finance Ltd

Taxation

As it is a ultra short duration 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.

Investment objective of Baroda BNP Paribas Ultra Short Duration Fund Direct Growth

The primary objective of the Scheme is to generate regular income by investing in a portfolio of debt and money market instruments such that the Macaulay duration of the portfolio is between 3 months 6 months. However there can be no assurance that the investment objective os the scheme will be realized. The scheme does not gurantee/indicate any returns.

Minimum Investment and lockin period

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

Fund Performance
zero opening, trading, fund transfer fee
2 people have invested ₹ 5.5L in Baroda BNP Paribas Ultra Short Duration Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.3%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹1357 Cr
Inception Date
Inception Date
1 June, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
433.69%

Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
92.4%
AA
7.6%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
57.9%
Cash Equivalent
28.1%
Government
14.1%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 1.3K Cr
₹ 937.6 Cr
₹ 1.4K Cr
  • AUM of the fund stands at 1.3K Cr as of Apr'24
  • AUM increased by 321.6 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Baroda BNP Paribas Ultra Short Duration Fund Direct Growth as on (31-May-24)

  • Debt & Cash

Debt Holdings40
Holdings
Weight%
1M Change
HDFC Bank Limited
HDFC Bank Limited
6.26%
70%
Punjab National Bank
Punjab National Bank
5.52%
200%
Axis Bank Limited
Axis Bank Limited
4.79%
0%
Shriram Transport Finance Company Limited
Shriram Transport Finance Company Limited
4.21%
0%
LIC Housing Finance Ltd
LIC Housing Finance Ltd
3.82%
0%

Mutual Fund Insights

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Over the last 3 months, this fund has experienced a 5.2% drop in AUM moving from 1.43K Cr to 1.35K Cr.
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This fund has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.3% which is lower than the category average expense ratio of 0.56%.
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In the last 5 years, ICICI Prudential Ultra Short Term Fund Direct Plan Growth has given 6.55% return, outperforming this fund by 0.72% per annum.
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In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.27% return, outperforming this fund by 1.24% per annum.
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In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.72% return, outperforming this fund by 0.22%.
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Over the last 1 year, this fund has increased expense ratio by 36.4% moving from 0.22 to 0.30.

Fund Manager

Mayank Prakash
Mayank Prakash
Fund Manager of Baroda BNP Paribas Ultra Short Duration Fund Direct Growth, since 21 October 2022
Vikram Pamnani
Vikram Pamnani
Fund Manager of Baroda BNP Paribas Ultra Short Duration Fund Direct Growth, since 14 March 2022

Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.29% since inception which is less than its category average return of 7.17%
AUM size ₹1357 Cr

AUM size ₹1357 Cr

This fund has AUM of ₹1357 Cr which is less than its category average of ₹ 3086 Cr
Expense Ratio 0.3%

Expense Ratio 0.3%

This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.65%

Frequently Asked Questions

The current NAV of Baroda BNP Paribas Ultra Short Duration Fund Direct Growth is ₹1444.81 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Baroda BNP Paribas Ultra Short Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.63%
0.63%
6 Month Returns
3.83%
3.83%
1 Year Returns
7.5%
7.5%
3 Years Returns
19.21%
6.03%
5 Years Returns
32.79%
5.84%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.3% as on May 2024
₹1357 Cr as on May 2024
HDFC Bank Limited(6.26%), Punjab National Bank(5.52%), Axis Bank Limited(4.79%), Shriram Transport Finance Company Limited(4.21%), LIC Housing Finance Ltd(3.82%) as on May 2024
Corporate(59.07%), Cash Equivalent(24.38%), Government(16.55%) as on May 2024
Yield to Maturity is 7.52 as on May 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.44 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
92.35
AA
7.65
Mayank Prakash, Vikram Pamnani are the fund managers of Baroda BNP Paribas Ultra Short Duration Fund Direct Growth
The Exit load of Baroda BNP Paribas Ultra Short Duration Fund Direct Growth is 0%