Baroda BNP Paribas Floater Fund
(An open-ended debt scheme predominantly investing in
floating rate instruments. A relatively High Interest Rate Risk
and Moderate Credit Risk)
Baroda BNP Paribas Floater Fund
(An open-ended debt scheme predominantly investing in
floating rate instruments. A relatively High Interest Rate Risk
and Moderate Credit Risk)
July 2024

July 2024


Investment Objective

The primary objective of the scheme is to generate regular income through investment in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

NAV Details (As on July 31, 2024 )

Regular Plan - Growth Option : ₹ 11.0786
Regular Plan - Weekly IDCW Option : ₹ 10.1197
Direct Plan - Growth Option : ₹ 11.1348
Direct Plan - Weekly IDCW Option : ₹ 10.1056

Benchmark Index (Tier 1)

(w.e.f. March 12, 2024)
CRISIL Low Duration Debt A-I Index

Date of Allotment

April 26, 2023

Fund Manager
Fund Manager Managing fund since Experience
Prashant Pimple 26-Apr-23 24 years
Vikram Pamnani.* 11-Jul-24 14 years
* w.e.f. July 11, 2024

Load Structure


Entry Load Not Applicable
Exit Load: Nil

For detailed load structure please refer Scheme Information Document of the scheme.


Lumpsum details

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

Monthly AAUM## As on July 31, 2024 : ₹ 21.37 Crores
AUM## As on July 31, 2024 : ₹ 17.7 Crores

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

FIXED INCOME HOLDINGS Rating % of Net Assets
GOVERNMENT BOND 91.98%
4.7% GOI FRB (MD 22/09/2033) Sovereign 91.98%
CORPORATE DEBT MARKET DEVELOPMENT FUND 0.41%
Corporate Debt Market Development Fund Others 0.41%
Total Fixed Income Holdings 92.39%
TREPS, Cash & Other Net Current Assets 7.61%
GRAND TOTAL 100.00%


For Scheme Performance please click here

The scheme currently does not have Distribution History.

TER - Regular Plan (%) 0.64
TER - Direct Plan (%) 0.24
Average Maturity (years) 8.75
Modified Duration (years) 0.14
YTM (%) 7.95%
Macaulay Duration (years) 0.14

* The information contained in this report has been obtained from sources considered to be authentic and reliable. The quantitative data does not purport to be an offer for purchase and sale of mutual fund units.

†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.

Credit Risk → Relatively Low Class A (CRV>=12) Moderate (CRV>=10) Relatively High: Class C (CRV<10)
Interest Rate Risk ↓
Relatively Low: Class I (MD<=1 year)   
Moderate: Class II (MD<=3 year)  
Relatively High: Class III (Any MD)B-III 

MD=Macaulay Duration, CRV=Credit Risk Value.
‡ The PRC matrix denotes the maximum risk that the respective Scheme can take i.e. maximum interest rate risk (measured by MD of the Scheme) and maximum credit risk (measured by CRV of the Scheme)

This product is suitable for investors who are seeking*:

➤ Regular income over short term investment horizon.
➤ To invest predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives)

*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 Moderate risk.


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


^^Riskometer For Scheme: basis it’s portfolio, For Benchmark (CRISIL Low Duration Debt A-I Index): basis it’s constituents; As on July 31, 2024


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