Baroda BNP Paribas Medium Duration Fund
(scheme has one segregated portfolio) (An Open
ended Medium Term Debt Scheme investing in instruments
such that the Macaulay duration† of the portfolio
is between 3 years and 4 years. A relatively
high interest rate risk and moderate credit risk scheme)
Baroda BNP Paribas Medium Duration Fund
(scheme has one segregated portfolio) (An Open
ended Medium Term Debt Scheme investing in instruments
such that the Macaulay duration† of the portfolio
is between 3 years and 4 years. A relatively
high interest rate risk and moderate credit risk scheme)
July 2024

July 2024


Investment Objective

The investment objective of the Scheme is to seek to optimize returns by from a portfolio comprising investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 year and 4 years. 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 July 31, 2024 )

Regular Plan - Growth Option : ₹ 17.5901
Regular Plan - Annual IDCW Option : ₹ 10.8412
Regular Plan - Half Yearly IDCW Option : ₹ 10.5325
Regular Plan - Calendar Quarterly IDCW Option : ₹ 10.3687
Regular Plan - Monthly IDCW Option : ₹ 10.2589
Direct Plan - Growth Option : ₹ 18.7572
Direct Plan - Annual IDCW Option : ₹ 11.0011
Direct Plan - Monthly IDCW Option : ₹ 10.6593
Direct Plan - Calendar Quarterly IDCW Option : ₹ 10.2923
Direct Plan - Half Yearly IDCW Option : ₹ 10.0000

Benchmark Index (Tier 1)

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

Date of Allotment

March 05, 2014

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

μ Dedicated Fund Manager for Overseas Investments: Mr. Jay Sheth (Managing fund w.e.f. September 01, 2023)

Load Structure

Entry Load : Not Applicable.
Exit Load: Redeemed or switched out from the date of allotment: upto 12 month: 1% after 12 month: 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 : ₹ 28.29 Crores
AUM## As on July 31, 2024 : ₹ 28.35 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
CORPORATE BOND 61.16%
REC Limited CRISIL AAA 9.30%
Food Corporation Of India CRISIL AAA(CE) 7.44%
National Highways Authority Of India CRISIL AAA 7.29%
JM Financial Products Limited ICRA AA 7.01%
Muthoot Finance Limited CRISIL AA+ 7.00%
Hindustan Petroleum Corporation Limited CRISIL AAA 5.34%
National Bank For Agriculture and Rural Development CRISIL AAA 5.29%
Bharat Sanchar Nigam Limited CRISIL AAA(CE) 5.11%
Power Grid Corporation of India Limited CRISIL AAA 3.92%
State Bank of India CRISIL AAA 3.46%
GOVERNMENT BOND 5.37%
7.38% GOI (MD 20/06/2027) Sovereign 3.58%
7.17% GOI (MD 17/04/2030) Sovereign 1.79%
STATE GOVERNMENT BOND 13.76%
6.91% Maharashtra SDL (MD 15/09/2033) Sovereign 13.76%
REDUCED FACE VALUE BONDS 3.21%
Power Grid Corporation of India Limited CRISIL AAA 3.21%
CORPORATE DEBT MARKET DEVELOPMENT FUND 0.33%
Corporate Debt Market Development Fund Others 0.33%
Total Fixed Income Holdings 83.83%
TREPS, Cash & Other Net Current Assets 16.17%
GRAND TOTAL 100.00%

Investment in Top 10 scrips constitutes 71.46% of the portfolio

Note on Segregated Portfolio: Due to credit event (Default of debt servicing by Yes Bank on March 6, 2020), securities of Yes Bank have been segregated from the scheme’s portfolio w.e.f March 6, 2020. Yes Bank had, on March 14, 2020, informed the Stock Exchanges that the AT1 bonds were fully written down and had extinguished with immediate effect pursuant to Master Circular- Basel III Capital Regulations dated July 01, 2015 read with Section 45 of the Banking Regulation Act, 1949. On March 16, 2020, Axis Trustee Services Ltd.,debenture trustee for the AT1 bonds, had filed a writ petition in the Hon’ble High Court, Mumbai, inter alia seeking relief from the Court to set aside the decision to write off the AT1 bonds, and that the matter was sub-judice before the Hon’ble Court. Kindly refer to SID/ KIM for complete details on segregation of portfolio.

Segregated portfolio1
BONDS & NCDs Listed / awaiting listing on the stock exchanges
Yes Bank Ltd.N@@B@@$& [ICRA]D 0.00%
Total 0.00%

All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND;
N@@ -> Non Traded Securities; B@@ -> Below Investment Grade Security. $Note on Below Investment Grade Security Yes Bank Perpetual Bond classified separately as “Segregated Portfolio”: & The perpetual bonds of Yes Bank having market value of Rs 15,91,21,650 and interest accumulated Rs 1,15,32,786.89 as of 6th March 2020 were downgraded to D.


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.

TER - Regular Plan (%) 0.97
TER - Direct Plan (%) 0.69
Average Maturity (years) 4.33
Modified Duration (years) 3.22
YTM (%) 7.45%
Macaulay Duration (years) 3.4

* 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 in medium term.
➤ Investments in a portfolio of debt & money market instruments with portfolio Macaulay Duration† ranging from 3 to 4 years.

*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 Moderate risk


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


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