(An open-ended liquid scheme. A Relatively Low
Interest Rate Risk and Moderate Credit Risk)
(An open-ended liquid scheme.
A Relatively Low Interest Rate Risk
and Moderate Credit Risk)
The primary objective of the Scheme is to generate income with a high level of liquidity by investing in a portfolio of money market and debt securities. There is no assurance that the investment objective of the Scheme will be realized.
NAV Details (As on July 31, 2026)| Regular Plan - Weekly IDCW Option | : ₹ 1000.9615 |
| Regular Plan - Growth Option | : ₹ 3205.0121 |
| Regular Plan - Daily IDCW Option | : ₹ 1001.1996 |
| Direct Plan - Weekly IDCW Option | : ₹ 1220.7881 |
| Direct Plan - Growth Option | : ₹ 3249.3471 |
| Direct Plan - Daily IDCW Option | : ₹ 1002.0849 |
Benchmark Index (AMFI Tier 1)
Date of AllotmentFebruary 21, 2002
Fund Manager| Fund Manager | Managing fund since | Experience |
| Mr. Vikram Pamnani | 14-Mar-22 | 14 years |
| Mr. Gurvinder Singh Wasan | 21-Oct-24 | 21 years |
Load Structure
Exit Load: Investor exit upon subscription exit load as %
of redemption proceeds Day 1-0.0070% Day 2-0.0065% Day
3-0.0060% Day 4-0.0055% Day 5-0.0050% Day 6-0.0045%
Day 7 Onwards-0.0000%
For detailed load structure please refer Scheme
Information Document of the scheme.
Minimum Amount: Lumpsum investment:
₹5,000 and in multiples of ₹ 1 thereafter.
Minimum Additional Purchase Amount:
₹1,000 and in multiples of ₹ 1 thereafter.
| Monthly AAUM## As on July 31, 2026 | : ₹ 11,749.45 Crores |
| AUM## As on July 31, 2026 | : ₹ 12,125.90 Crores |
##Inter-scheme investments have been adjusted in the scheme. In July, 2026 the average aggregate investments by the schemes of Baroda BNP Paribas Mutual Fund in the scheme is 92.4 Crores.
| EQUITY HOLDINGS | Rating | % of Net Assets |
| COMMERCIAL PAPER | 48.95% | |
| ✔ Small Industries Dev Bank of India | CRISIL A1+ | 4.45% |
| ✔ Grasim Industries Limited | CRISIL A1+ | 4.07% |
| ✔National Bank For Agriculture and Rural Development | CRISIL A1+ | 4.06% |
| ✔ Hindustan Petroleum Corporation Limited | CRISIL A1+ | 2.84% |
| ✔Reliance Retail Ventures Limited | CRISIL A1+ | 2.44% |
| Kotak Securities Limited | CRISIL A1+ | 2.04% |
| Bharat Petroleum Corporation Limited | CRISIL A1+ | 2.03% |
| Indian Oil Corporation Limited | ICRA A1+ | 2.03% |
| Muthoot Fincorp Ltd | CRISIL A1+ | 2.03% |
| Small Industries Dev Bank of India | CARE A1+ | 2.03% |
| Manappuram Finance Limited | CRISIL A1+ | 1.63% |
| Motilal Oswal Financial Services Limited | ICRA A1+ | 1.63% |
| Network18 Media & Investments Limited | CARE A1+ | 1.63% |
| NTPC Limited | CRISIL A1+ | 1.63% |
| Tata Capital Housing Finance Limited | CRISIL A1+ | 1.63% |
| Aditya Birla Housing Finance Limited | CRISIL A1+ | 1.62% |
| Bajaj Finance Limited | ICRA A1+ | 1.62% |
| REC Limited | CRISIL A1+ | 1.42% |
| 360 One Prime Limited | CRISIL A1+ | 1.22% |
| TVS Credit Services Limited | CRISIL A1+ | 1.22% |
| Julius Baer Capital India Pvt Ltd | CRISIL A1+ | 1.01% |
| Hero Fincorp Limited | CRISIL A1+ | 0.82% |
| Export Import Bank of India | CRISIL A1+ | 0.81% |
| Mirae Asset Capital Markets Private Limited | CRISIL A1+ | 0.81% |
| 360 One WAM Limited | ICRA A1+ | 0.80% |
| Standard Chartered Capital Limited | CRISIL A1+ | 0.61% |
| Bajaj Finance Limited | CRISIL A1+ | 0.41% |
| Larsen & Toubro Limited | ICRA A1+ | 0.41% |
| CERTIFICATE OF DEPOSIT | 25.33% | |
| ✔HDFC Bank Limited | CRISIL A1+ | 6.51% |
| ✔ Axis Bank Limited | CRISIL A1+ | 3.25% |
| ✔ Indian Bank | CRISIL A1+ | 2.44% |
| Union Bank of India | CRISIL A1+ | 2.42% |
| Punjab National Bank | CRISIL A1 | 2.24% |
| Union Bank of India | ICRA A1 | 2.24% |
| Punjab National Bank | FITCH A1+ | 2.03% |
| Kotak Mahindra Bank Limited | CRISIL A1+ | 1.39% |
| Canara Bank | ICRA A1+ | 1.38% |
| Canara Bank | CRISIL A1+ | 1.02% |
| Union Bank of India | FITCH A1+ | 0.41% |
| TREASURY BILL | 17.77% | |
| ✔91 Days Tbill (MD 20/08/2026) | Sovereign | 4.09% |
| ✔182 Days Tbill (MD 21/08/2026) | Sovereign | 4.08% |
| ✔182 Days Tbill (MD 27/08/2026) | Sovereign | 2.45% |
| 91 Days Tbill (MD 28/08/2026) | Sovereign | 2.04% |
| 91 Days Tbill (MD 10/09/2026) | Sovereign | 2.00% |
| 91 Days Tbill (MD 13/08/2026) | Sovereign | 1.47% |
| 182 Days Tbill (MD 06/08/2026) | Sovereign | 0.82% |
| 182 Days Tbill (MD 03/09/2026) | Sovereign | 0.41% |
| 91 Days Tbill (MD 06/08/2026) | Sovereign | 0.41% |
| CORPORATE BOND | 3.95% | |
| Housing & Urban Development Corporation Limited | ICRA AAA | 1.02% |
| REC Limited | ICRA AAA | 1.02% |
| Aadhar Housing Finance Limited | ICRA AA | 0.78% |
| REC Limited | CRISIL AAA | 0.72% |
| Manappuram Finance Limited | CRISIL AA | 0.41% |
| Corporate Debt Market Development Fund | 0.22% | |
| Corporate Debt Market Development Fund | 0.22% | |
| Total Fixed Income Holdings | 96.22% | |
| TREPS, Cash & Other Net Current Assets | 3.78% | |
| GRAND TOTAL | 100.00% |
Investment in Top 10 scrips constitutes 38.24% of the portfolio
Please note that the daily and weekly dividend distribution history for the scheme has not been disclosed
| BER - Regular Plan (%) | 0.18% |
| BER - Direct Plan (%) | 0.12% |
The Total Expense Ratio (TER) is the sum of the Base
Expense Ratio (BER), brokerage fees, transaction costs, and
statutory levies.
For details of TER, please refer the TER
disclosure available on the website on
https://www.barodabnpparibasmf.in/downloads/total-expense-ratio-of-mutual-fund-schemes.
| Average Maturity (days) : | 40 |
| Modified Duration (days) : | 39 |
| YTM (%) : | 6.31% |
| Macaulay Duration+ (days) : | 39 |
†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 (Max) → | Relatively Low: Class A $(CRV>=12)$ |
Moderate: Class B $(CRV>=10)$ |
Relatively High: Class C $(CRV<10)$ |
| Interest Rate Risk (Max) ↓ | |||
| Relatively Class $(MD<=1 year)$ | B-1 | ||
| Moderate: Class II (MD<=3 year) | |||
| Relatively High: Class III (Any MD) |
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)
➤ Regular income over short term with high level of liquidity.
➤ Investment predominantly in money market (le CP/CDs) Instruments.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
^^Riskometer For Scheme: basis it's portfolio, ^Riskometer For Benchmark (CRISIL Liquid Debt A-1 Index): basis it's constituents, as on July 31, 2026
^Pursuant to para 5.6.5 of SEBI Master Circular No. SEBI/HO/24/13/11(1)2026-IMD-POD-1/I/7602/2026 dated March 20,
2026.
** CARE’s fund quality rating is not a recommendation to
purchase, sell, or hold a security/ fund. It neither
comments on the current market price, suitability for a
particular investor nor on the prospective performance of
the fund with respect to appreciation, volatility of net asset
value (NAV), or yield of the fund. The ratings do not
address the funds ability to meet the payment obligations
to the investors.
†† The rating, as aforesaid, however, should not be treated as a recommendation to buy, sell or hold the units issued by
you. The rating is restricted to your debt fund only. ICRA does not assume any responsibility on its part, for any liability,
that may arise consequent to your not complying with any guidelines or directives issued by SEBI or any other mutual
fund regulatory body.
refer Glossary page
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.