Have you planned how to channel your earnings just to increase your savings? Investing in different sectors and markets without having a clear knowledge about them is not wise. If you are planning long-term investments, mutual funds can be a great option. The diversified nature of mutual funds makes it less riskier for investors. Bank of Baroda mutual funds can be a great option for you to earn more and steadily from your investment.
Here are the 5 things that you must know before investing in Baroda BNP Paribas Mutual Funds.
Trustworthiness
When you invest your hard-earned money in a mutual fund, you need trustworthiness in return. This should be your major focus while investing. According to the various sources, the details of this fund is mentioned below:
- Bank of Baroda’s joint venture with BNP Paribas Asset Management Asia Ltd is attracting a lot of attention these days. From October 11, 2019, these two companies have joined forces and planned to merge their AMCs and trustee boards. On March 14, 2022, they finalized the merger of their mutual fund businesses and launched a new fund house named ‘Baroda BNP Paribas Mutual Fund’
- Bank of Baroda will hold the greater stake which is 50.1% and BNP Paribas AMC will end up acquiring 49.9%stake in the Baroda AMC merged enterprise. This enterprise has legit representatives who have a presence in 90 cities across the country.
- Barda BNP Paribas Mutual Fund comes with 40 types of Bank of Baroda mutual funds which include hybrid schemes, debt schemes, equity schemes, etc. As of 31st March 2024, this mutual fund has assets under Management of ₹35,646.45 crores.
1. Experienced team: Baroda BNP Paribas Mutual funds offer a team of investment experts whose cumulative experience is more than 300 years! The team consists of youngsters as well as experienced personnel. For example, Mr. Sanjay Sachdeva is an independent Director who has more than 30 years of expertise working in leading financial institutions. Mr. Vivek Kudal is working as CEO & CFO with this company and he brings 17 years of work experience on board.
2. Diverse products: Baroda BNP Paribas Mutual funds have a series of wonderful products. They offer around 40 funds of different risk-return policies. Let’s discuss some popular mutual funds from this house.
- Baroda BNP Paribas Aggressive Hybrid Fund: According to the Baroda BNP Paribas Mutual Fund website, this is a very high-risk mutual fund with a 16.20% (As of 31st March, 2024) Compound Annual Growth Rate. It’s an open-end scheme mainly investing in equity-related instruments.
- Baroda BNP Paribas Balanced Advantage Fund: This open-ended fund possesses very high risk. The Baroda BNP Paribas Mutual Fund website adds that the CAGR in this case is 24.17% in the last one year.
- Baroda BNP Paribas Banking and Financial Services Fund: Baroda BNP Paribas Mutual Fund website states that this is also a very high-risk. The fund has returned 25.05% over the past year as of May 8, 20242.
- Baroda BNP Paribas Low Duration Fund: This fund has a moderate risk level. The Baroda BNP Paribas Mutual Fund website shows that the CAGR in this case is 6.74% in the last year as of May 10, 2024.
- Baroda BNP Paribas Medium Duration Fund: There’s another fund mentioned on the Baroda BNP Paribas Mutual Fund website. This medium-duration fund possesses a moderate risk. As of March 31, 2024, the fund has a CAGR of 3.38% over the last 5 years.
3. Expertise: Baroda BNP Paribas Mutual Fund is known for its expertise in investment management. The fund house’s team comprises investment professionals with over 300 years of combined experience. This collective experience spans various market cycles and investment strategies, providing a solid foundation for making informed investment decisions. Their expertise plays a crucial role in the fund house’s ability to deliver consistent performance across its diverse range of mutual fund schemes.
4. Investment Approach: Baroda BNP Mutual Fund ensures a different investment approach. It includes Business, Management, Valuation (B.M.V.) pattern. Whereas the Business approach ensures growth, it also ensures competency-based management and several corporate governance factors. Cashflow is the central factor in the Valuation framework. This mutual fund also offers a superior risk reward profile.
Conclusion
Baroda BNP Paribas MF, just like all mutual fund companies, gives you lots of different ways to invest your money, depending on how much risk you’re comfortable with and what you want to achieve financially. Before you decide to invest, it’s really important to learn about how they choose where to invest your money, how well they’ve done in the past, and how much it’ll cost you. Just remember, investing in mutual funds means your money could go up or down depending on how the market is doing. And if you’re looking for an easy way to keep track of your investments with Baroda BNP Paribas Mutual Funds, you might want to check out the Dhan trading platform. It’s easy to use and can help you manage your investments.
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