BNP Paribas large Cap Fund Growth
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- Fund Summary
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|Risk||Very High Risk|
|Exit Load||1% for 365 Days|
More about this fund
|ICICI Bank Ltd||9.45%|
|HDFC Bank Ltd||8.91%|
|Reliance Industries Ltd Shs Dematerialised||6.29%|
|Axis Bank Ltd||4.82%|
|State Bank of India||3.86%|
|Avenue Supermarts Ltd||3.46%|
|Kotak Mahindra Bank Ltd||3.4%|
|Tata Consultancy Services Ltd||3.39%|
|Housing Development Finance Corp Ltd||3.29%|
About BNP Paribas Large Cap Fund
The BNP Paribas Large Cap Fund is an open-ended equity scheme. It seeks to generate long-term capital growth by investing in a diversified and actively managed portfolio of equity and equity-related instruments predominantly of large-cap companies. It was earlier known as BNP Paribas Equity Fund and was renamed as BNP Paribas Large Cap Fund with effect from. May 10, 2018.
Pros & Cons of BNP Paribas Large Cap Fund
- The scheme allocates at least 80% of its net assets to equity and equity-related securities of large-cap companies and the rest in equity and equity-related securities of other than large-cap companies, debt and money market instruments, REITs, and InvITs.
- As on December 31, 2018, the scheme is ranked 4 under CRISIL’s Large Cap Fund category.
- Further, it has generated returns of 15.74% per year over the last 10 years (as on February 8, 2019). However, the returns over the last year have been negative (-1.4%).
Fund Information and Statistics of BNP Paribas Large Cap Fund
i) Inception / Launch Date
The scheme was launched on 23 September 2004 by BNP Paribas Mutual Fund.
ii) Risk Level
According to the investment objective and asset allocation of the scheme, it has a Moderately-High risk level associated with it.
The minimum amount for redemption is Rs.1000 and in multiples of Re.1 thereafter. The redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.
iv) Fund Manager(s)
The Fund Managers of the BNP Paribas Large Cap Fund are: Mr. Karthikraj Lakshmanan (since October 7, 2016) Mr. Abhijeet Dey (since November 16, 2016)
v) Entry / Exit Load
There is no entry load in this scheme. The exit load structure is as follows:
- If the units are redeemed after the completion of 12 months from the date of allotment of the said units, then the exit load = Nil
- If the units are redeemed within 12 months from the date of allotment of the said units, and:
- The number of units redeemed is less than 10% of the number of units allotted, then the exit load = Nil
- The number of units redeemed is more than 10% of the number of units allotted, then the exit load = 1% of the applicable NAV
Tax benefits of investing in BNP Paribas Large Cap Fund
The following taxes are applicable to the income arising from investing in this scheme:
- STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units.
- LTCG (units are held for a period of more than 12 months), in excess of Rs 1 Lakh, is taxed at 10 percent without indexation benefits on the redemption of units.
About BNP Paribas Mutual Fund
BNP Paribas Mutual Fund is a part of the BNP Paribas Group which has been operational since the 19th century. It seeks to combine the expertise from managing investments in different conditions as well as market cycles along with local market knowledge to create investment products that suit the requirements of various investors.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns