BNP Paribas Short Term Fund Regular Growth
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- Fund Summary
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- Why Cleartax
|Risk||Moderately Low risk|
|Fund Type||Short Duration|
More about this fund
|6.18% Govt Stock 2024||11.86%|
|05.28 BR SDL 2023||10.34%|
|Rural Electrification Corporation Limited||7.67%|
|Reliance Utilities and Power Private Limited||7.27%|
|National Bank For Agriculture and Rural Development||6.71%|
|Muthoot Finance Limited||6.51%|
|Housing Development Finance Corporation Limited||6.5%|
|Reliance Industries Limited||5.97%|
|5.22% GOI 2025||5.72%|
|Grasim Industries Limited||5.43%|
About BNP Paribas Short Term Fund
The BNP Paribas Short Term Fund is an open-ended, short-term debt scheme. It seeks to optimize returns by investing in a portfolio comprising of Debt Securities and Money Market Instruments such that the Macaulay Duration of the portfolio is between 1 and 3 years. It was earlier known as BNP Paribas Short Term Income Fund and was renamed as BNP Paribas Short Term Fund with effect from. May 10, 2018.
Pros & Cons of BNP Paribas Short Term Fund
- This scheme is recommended for investors who seek to insulate themselves from the price volatility which is caused by the interest rate movements in the debt markets.
- As on December 31, 2018, the scheme is ranked 3 in CRISIL’s Short Duration Fund category.
- Further, it has generated returns of 7.77% per year over the last 10 years (as on March 19, 2019).
Fund Information and Statistics of BNP Paribas Short Term Fund
i) Inception / Launch Date
The scheme was launched on 13 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-Low 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 Short Term Fund are: Mr. Vikram Pamnani (since December 27, 2017) Mr. Mayank Prakash (since September 21, 2015)
v) Entry / Exit Load
There is no entry load or exit load in this scheme.
Tax benefits of investing in BNP Paribas Short Term Fund
The following taxes are applicable to the income arising from investing in this scheme:
- STCG is added to the investor's income and taxed as per the income-tax slab.
- LTCG component is taxed at 20% with indexation benefits.
About BNP Paribas Mutual Fund
BNP Paribas Mutual Fund is managed by BNP Paribas Asset Management Company which is backed by the financial strength of one of the world’s best-rated banks. The fund house follows a disciplined investment philosophy and combines the top-down and bottom-up approaches to complement its GARP (Growth-at-Reasonable-Price) philosophy. It offers a plethora of investment products to cater to different needs of the 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