Baroda BNP Paribas Arbitrage Fund
(An Open ended Scheme investing in arbitrage opportunities)
Baroda BNP Paribas Arbitrage Fund
(An Open ended Scheme investing in
arbitrage opportunities)
February 2025

February 2025


Investment Objective

The primary investment objective of the scheme is to generate income and capital appreciation by investing in a combination of diversified portfolio of equity and equity related instruments, including use of equity derivatives strategies and arbitrage opportunities with exposure in debt and fixed income instruments. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.

NAV Details (As on February 28, 2025)
Regular Plan - Quarterly IDCW Option : ₹ 10.4794
Regular Plan - Monthly IDCW Option : ₹ 10.3647
Regular Plan - Growth Option : ₹ 15.7110
Regular Plan - Adhoc IDCW Option : ₹ 11.7537
Direct Plan - Quarterly IDCW Option : ₹ 10.9892
Direct Plan - Monthly IDCW Option : ₹ 10.8520
Direct Plan - Growth Option : ₹ 16.5507
Direct Plan - Adhoc IDCW Option : ₹ 12.1273
Benchmark Index (Tier 1)

Nifty 50 Arbitrage Index

Date of Allotment

December 28, 2016

Fund Manager
Category Fund Manager Managing
fund since
Experience
Equity Mr. Neeraj Saxena 14-Mar-22 20 years
Fixed IncomeMr. Vikram Pamnani 16-Mar-22 14 years
Load Structure

Exit Load: • If units of the Scheme are redeemed or switched out within 15 days from the date of allotment – 0.25% of the applicable NAV. • If units of the Scheme are redeemed or switched out after 15 days from the date of allotment - Nil
For detailed load structure please refer Scheme Information Document of the scheme.


Lumpsum details

Minimum Amount: Lumpsum investment:
₹ 5,000 and in multiples of ₹ 1 thereafter.
Minimum Additional Application Amount:₹ 1,000 and in multiples of ₹ 1 thereafter

Monthly AAUM## As on February 28, 2025 : ₹ 1,151.74 Crores
AUM## As on February 28, 2025 : ₹ 1,144.44 Crores

## including inter-scheme Investments, if any, by other schemes of BNP Paribas Mutual Fund, as may be applicable

EQUITY HOLDINGS% of Net Assets Derivatives
Banks 19.88% -20.00%
Axis Bank Limited 4.43% -4.46%
ICICI Bank Limited 4.38% -4.41%
HDFC Bank Limited 2.77% -2.78%
Bank of Baroda 2.27% -2.28%
Punjab National Bank 1.63% -1.64%
State Bank of India 1.63% -1.64%
Bandhan Bank Limited 1.61% -1.62%
Canara Bank 1.16% -1.17%
Retailing 4.98% -4.99%
Aditya Birla Fashion and Retail Limited 4.17% -4.18%
Trent Limited 0.81% -0.81%
Finance 4.52% -2.03%
Manappuram Finance Limited 2.01% -2.03%
REC Limited 1.39% -1.40%
LIC Housing Finance Limited 1.12% -1.13%
Diversified FMCG 3.69% -3.71%
ITC Limited 3.69% -3.71%
Petroleum Products 3.57% -3.58%
Reliance Industries Limited 3.57% -3.58%
Power 3.46% -3.46%
Tata Power Company Limited 2.18% -2.18%
JSW Energy Limited 1.28% -1.28%
Transport Infrastructure 3.35% -3.36%
GMR Airports Limited 2.52% -2.52%
Adani Ports and Special Economic Zone Limited 0.83% -0.84%
Automobiles 2.31% -1.20%
Tata Motors Limited 1.20% -1.20%
Bajaj Auto Limited 1.11% -1.11%
Non - Ferrous Metals 2.11% -2.12%
Hindustan Copper Limited 2.11% -2.12%
Gas 1.91% -1.92%
Mahanagar Gas Limited 1.91% -1.92%
Cement & Cement Products 1.63% -1.64%
UltraTech Cement Limited 1.63% -1.64%
Electrical Equipment 1.21%
ABB India Limited 1.21% -1.22%
Metals & Minerals Trading 1.18% -1.18%
Adani Enterprises Limited 1.18%-1.18%
Capital Markets 1.16% -1.16%
Multi Commodity Exchange of India Limited 1.16% -1.16%
Minerals & Mining 1.03% -1.04%
NMDC Limited 1.03% -1.04%
LESS THAN 0.75% EXPOSURE 10.74% -11.19%
TOTAL EQUITY HOLDING 66.73% -66.98%
MUTUAL FUND UNITS % of Net Assets
Baroda BNP Paribas Mutual Fund 8.90%
Total MUTUAL FUND UNITS 8.90%
FIXED INCOME HOLDINGS Rating % of Net Assets
TREASURY BILL 14.51%
364 Days Tbill (MD 31/07/2025) Sovereign 2.55%
364 Days Tbill (MD 19/06/2025) Sovereign 2.14%
364 Days Tbill (MD 07/08/2025) Sovereign 2.12%
364 Days Tbill (MD 15/08/2025) Sovereign 2.12%
364 Days Tbill (MD 15/05/2025) Sovereign 1.72%
364 Days Tbill (MD 08/05/2025) Sovereign 1.30%
364 Days Tbill (MD 02/05/2025) Sovereign 0.86%
364 Days Tbill (MD 04/09/2025) Sovereign 0.85%
364 Days Tbill (MD 12/06/2025) Sovereign 0.43%
364 Days Tbill (MD 30/10/2025) Sovereign 0.42%
CORPORATE BOND 2.80%
Bharti Telecom Limited CRISIL AA+ 1.31%
Piramal Capital & Housing Limited ICRA AA 1.14%
Hero Fincorp Limited CRISIL AA+ 0.35%
CERTIFICATE OF DEPOSIT 0.82%
Canara Bank CRISIL A1+ 0.41%
Union Bank of India FITCH A1+ 0.41%
Total Fixed Income Holdings 18.13%
TREPS, Cash & Other NetCurrent Assets 6.24%
GRAND TOTAL 100.00%

Investment in Top 10 scrips constitutes 32.53% of the portfolio


For Scheme Performance please click here


Pursuant to distribution under Income Distribution cum Capital Withdrawal (‘IDCW’) option, NAV of the IDCW option of the scheme(s) would fall to the extent of payout and statutory levy (if applicable). The amounts under IDCW options can be distributed out of investors capital (Equalization Reserve), which is part of sale price that represents realized gains. Past performance may or may not be sustained in future. The above stated distribution rate per unit is net distribution rate after deducting applicable taxes. The above distribution rates are on face value of ₹ 10 per unit, except for Baroda BNP Paribas Liquid Fund where the face value is ₹ 1,000 per unit.

TER - Regular Plan (%) 1.15%
TER - Direct Plan (%) 0.35%
Portfolio Turnover Ratio 18.26
Standard Deviation* 0.66%
Beta* 0.73
Sharpe Ratio* -0.31
Sharpe Ratio (annualised), Standard Deviation (annualised) and Beta are based on last 36 monthly data points.

*The information contained in this report has been obtained from sources considered to be authentic and reliable. This quantitative data does not purport to be an offer for purchase and sale of mutual fund units. The risk free rate of return considered for calculation of Sharpe ratio is 6.40%, as per 1 day MIBOR rate on the last business day of the month.

Average Maturity (years) 0.62
Modified Duration (years) 0.45
YTM (%) 6.77%
Macaulay Duration† (years) 0.46

†Concept of Macaulay duration: The Macaulay Duration is a measure of a bond’s sensitivity to interest rate changes. It is expressed in annual terms. It is the weighted average term to maturity of the cash flows from a bond. The weight of each cash flow is determined by dividing the present value of the cash flow by the price. Factors like a bond’s price, maturity, coupon, yield to maturity among others impact the calculation of Macaulay duration. The Macaulay duration can be viewed as the economic balance point of a group of cash flows. Another way to interpret the statistic is that it is the weighted average number of years an investor must maintain a position in the bond until the present value of the bond’s cash flows equals the amount paid for the bond. As it provides a way to estimate the effect of certain market changes on a bond’s price, the investor can choose an investment that will better meet his future cash needs.

This product is suitable for investors who are seeking*:

➤ Wealth creation in long term.
➤ Investment in a diversified portfolio of equity and equity related instruments, including use of equity derivatives strategies and arbitrage opportunities with exposure in debt & money market instruments.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Scheme Riskometer^^
Investors understand that their principal will be at Low risk


Benchmark (Tier 1) Riskometer^
Benchmark riskometer is at Low risk


^^Riskometer For Scheme: basis it’s portfolio, ^Riskometer For Benchmark (Nifty 50 Arbitrage Index): basis it’s constituents; As on February 28, 2025

For complete portfolio, kindly refer the website https://www.barodabnpparibasmf.in/


Mutual Fund investments are subject to market risks, read all scheme related documents carefully.