Investment Objective and Approach

The Scheme seeks to generate returns, commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of one business day. This debt fund follows a conservative investment approach, focusing on overnight instruments that provide capital preservation while offering reasonable liquidity to investors.

The fund primarily invests in:

- Overnight securities with one business day maturity

- Money market instruments

- Cash and cash equivalents

The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 100.00% in cash & cash equivalents. This allocation makes it suitable for investors seeking minimal risk exposure with easy access to their funds.

Fund Managers

Alok Sahoo is the Current Fund Manager of Baroda BNP Paribas Overnight Fund Direct Growth fund. Mr. Sahoo is a B.E and PGDM from XIM Bhubaneshwar. Prior to joining Baroda BNP Paribas AMC, he has worked with UTI Mutual Fund and HSBC Mutual Fund.

The fund manager brings extensive experience in debt fund management and has previously managed portfolios at leading mutual fund houses, providing investors with professional expertise in managing overnight securities and maintaining optimal liquidity.

About the Fund House (AMC)

Bank of Baroda, one of India's leading public sector banks, has partnered with BNP Paribas Asset Management, the asset management arm of BNP Paribas, a leading financial services group in Europe with global reach, to form Baroda BNP Paribas Mutual Fund.

Baroda BNP Paribas Mutual Fund operates as a collaborative effort between the Bank of Baroda (50.1%) and BNP Paribas Asset Management Asia Ltd (49.9%). The formalisation of this partnership took place on October 11, 2019, when both entities signed binding agreements to merge their Asset Management and Trustee Companies in India. Following the necessary regulatory approvals and completion of formalities, the merger became effective on March 14, 2022.

Key highlights of the AMC:

- Touchpoints at more than 121+ Indian cities to service investors and distributors

- Serving over a million investor folios and 25,400+ distributors

- A stellar team of investment experts with 300+ years of cumulative asset management experience

- 42 schemes across a wide variety of categories for varied financial needs

- As of 31 March 2024, the company's AUM stood at Rs 35646.45 crores

Should I Invest in Baroda BNP Paribas Overnight Fund?

The Baroda BNP Paribas Overnight Fund can be suitable for investors who:

Consider this fund if you:

- Seek capital preservation with minimal risk

- Need high liquidity for emergency fund parking

- Want stable returns without market volatility

- Prefer short-term investment horizons

- Are looking for an alternative to savings accounts with potentially better returns

Fund characteristics:

- The Baroda BNP Paribas Overnight Fund Direct Growth is rated Low risk

- Baroda BNP Paribas Overnight Fund Growth delivered 6.2% annual returns during the last year. It has delivered 5.0% average annual returns since the fund was launched.

- The AUM of Baroda BNP Paribas Overnight Fund is ₹734.59 Cr as recent data suggests

- The Expense Ratio of Baroda BNP Paribas Overnight Fund Growth is 0.17

Investment minimums:

- The minimum SIP amount of Baroda BNP Paribas Overnight Fund is ₹500

- Lumpsum investment starts from ₹5,000

This fund is ideal for conservative investors, emergency fund creation, and those seeking better returns than traditional savings accounts while maintaining high liquidity.

FAQs

What is today's NAV of Baroda BNP Paribas Overnight Fund?

The NAV varies daily and you can check the current NAV on financial platforms like Allvest, which provides real-time updates.

What is the AUM of Baroda BNP Paribas Overnight Fund?

The AUM of Baroda BNP Paribas Overnight Fund is ₹734.59 Cr as per recent data. AUM fluctuates based on investor inflows and outflows.

What is the expense ratio of Baroda BNP Paribas Overnight Fund?

The Expense Ratio of Baroda BNP Paribas Overnight Fund Growth is 0.17, which is competitive for overnight funds.

What are the returns of Baroda BNP Paribas Overnight Fund since inception?

It has delivered 5.0% average annual returns since the fund was launched. Returns may vary based on market conditions and interest rate cycles.

What is the minimum SIP amount to invest in Baroda BNP Paribas Overnight Fund?

The minimum SIP amount of Baroda BNP Paribas Overnight Fund is ₹500 making it accessible for small investors.

How do I invest in Baroda BNP Paribas Overnight Fund?

You can invest through Allvest by completing your KYC, selecting the fund, choosing between SIP or lumpsum, and completing the payment process online.

How to start a SIP in Baroda BNP Paribas Overnight Fund?

Log into Allvest, search for the fund, select 'Start SIP', choose your investment amount (minimum ₹500), set frequency, and complete the mandate setup.

How do I automate an SIP in Baroda BNP Paribas Overnight Fund?

Use Allvest's auto-invest feature to set up automatic SIP deductions from your bank account at your chosen frequency without manual intervention.

How can I withdraw/redeem my investment in Baroda BNP Paribas Overnight Fund?

You can redeem through Allvest by selecting the fund, choosing partial or full redemption, and the amount will be credited to your registered bank account typically within 1-2 working days.