Baroda BNP Paribas Ultra Short Duration Fund
       (An open ended ultra short term debt scheme
investing in instruments such that the Macaulay duration
of the portfolio is between 3 months and 6 months.
A Relatively Low Interest Rate Risk and Moderate Credit Risk Scheme)
Baroda BNP Paribas Ultra Short Duration Fund
      (An open ended ultra short term debt scheme
investing in instruments such that the Macaulay duration
of the portfolio is between 3 months and 6 months.
A Relatively Low Interest Rate Risk and Moderate Credit Risk Scheme)
November 2024

November 2024


Investment Objective

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.

NAV Details (As on November 29, 2024)

Regular Plan - Growth Option : ₹ 1476.8343
Regular Plan - Daily IDCW Option : ₹ 1006.2583
Regular Plan - Weekly IDCW Option : ₹ 1000.9696
Direct Plan - Growth Option : ₹ 1494.4503
Direct Plan - Daily IDCW Option : ₹ 1007.0751
Direct Plan - Weekly IDCW Option : ₹ 1001.1769

Benchmark Index (Tier 1)

CRISIL Ultra Short Duration Debt A-I Index

Date of Allotment

June 01, 2018

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
^ Mr. Gurvinder Singh Wasan was appointed as Fund Manager w.e.f October 21, 2024.

Load Structure

Entry Load Not Applicable
Exit Load: Nil


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 November 30, 2024 : ₹ 1,318.10 Crores
AUM## As on November 30, 2024 : ₹ 1,339.32 Crores

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

Fixed Income Holdings Rating % of Net Assets
CERTIFICATE OF DEPOSIT 45.26%
ICICI Bank LimitedICRA A1+ 7.61%
Kotak Mahindra Bank LimitedCRISIL A1+ 7.24%
Canara Bank CRISIL A1+ 6.86%
Punjab National Bank CRISIL A1+ 4.72%
Union Bank of India FITCH A1+ 4.02%
Axis Bank LimitedCRISIL A1+ 3.45%
IndusInd Bank LimitedCRISIL A1+ 2.16%
National Bank For Agriculture and Rural Development FITCH A1+ 1.84%
Punjab National Bank FITCH A1+ 1.83%
National Bank For Agriculture and Rural Development CRISIL A1+ 1.79%
Export Import Bank of India CRISIL A1+ 1.46%
HDFC Bank LimitedCARE A1+ 1.42%
Small Industries Dev Bank of India CRISIL A1+ 0.86%
COMMERCIAL PAPER 15.45%
Bahadur Chand Investments Pvt LimitedICRA A1+ 2.58%
DMI Finance Private LimitedICRA A1+ 1.86%
Piramal Capital & Housing Finance LimitedCRISIL A1+ 1.80%
Birla Group Holdings Private LimitedCRISIL A1+ 1.79%
Muthoot Finance LimitedCRISIL A1+ 1.79%
Motilal Oswal Financial Services LimitedCRISIL A1+ 1.78%
Small Industries Dev Bank of India CRISIL A1+ 1.47%
Tata Projects LimitedCRISIL A1+ 0.95%
Bajaj Finance LimitedCRISIL A1+ 0.73%
Export Import Bank of India CRISIL A1+ 0.70%
CORPORATE BOND 19.53%
Power Finance Corporation LimitedCRISIL AAA 6.70%
Export Import Bank of India CRISIL AAA 3.71%
National Housing Bank CRISIL AAA 2.61%
Bharti Telecom LimitedCRISIL AA+ 1.88%
Hero Fincorp LimitedCRISIL AA+ 1.79%
Shriram Finance LimitedCRISIL AA+ 1.12%
Reliance Industries LimitedCRISIL AAA 1.12%
360 One Prime LimitedCRISIL AA 0.60%
FLOATING RATE NOTE 0.75%
Piramal Capital & Housing Finance LimitedICRA AA 0.75%
GOVERNMENT BOND 1.92%
4.7% GOI FRB (MD 22/09/2033) Sovereign 1.92%
PTC 0.97%
India Universal Trust AL1 (Issued by HDFC Bank) CRISIL AAA(SO) 0.97%
STATE GOVERNMENT BOND 3.02%
8.15% Madhya Pradesh SDL (MD 13/11/2025) Sovereign 1.89%
6.9% Tamilnadu SDL (MD 16/10/2025) Sovereign 0.75%
7.96% Maharashtra SDL (14/10/2025) Sovereign 0.38%
Corporate Debt Market Development Fund 0.21%
Corporate Debt Market Development Fund Class A2 Others 0.21%
Total Fixed Income Holdings 87.11%
TREPS, Cash & Other Net Current Assets 12.89%
GRAND TOTAL 100.00%

Investment in Top 10 scrips constitutes 49.50% of the portfolio


For Scheme Performance please click here

The scheme currently does not have Distribution History.

TER - Regular Plan (%) 0.48%
TER - Direct Plan (%) 0.30%
Average Maturity (years) 0.59
Modified Duration (years) 0.41
YTM (%) 7.48%
Macaulay Duration† (years) 0.42

* 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 (Max) → Relatively Low Class A (CRV>=12) Moderate: Class B (CRV>=10) Relatively High: Class C (CRV<10)
Interest Rate Risk (Max) ↓
Relatively Low: Class I (MD<=1 year) B-I 
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)

This product is suitable for investors who are seeking*:

➤ Regular income with convenience of liquidity over ultra-short term.
➤ Investments in a basket of debt and money market instruments such that the Macaulay duration† of the portfolio is between 3 months and 6 months.

*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 to Moderate risk.


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


^^Riskometer For Scheme: basis it’s portfolio, ^Riskometer For Benchmark (CRISIL Ultra Short Duration Debt A-I Index): basis it’s constituents; As on November 30, 2024

** Care Mutual Fund ratings are not recommended for the purpose of buying, selling or holding a fund or scheme. These ratings do not comment on the volatility of the Net Asset Value (NAV) of the scheme or the level of NAV compared to the face value during the tenure of the scheme any time before maturity.

†† 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.


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