Baroda BNP Paribas Mutual Fund

BNP Paribas Asset Mgmt India Pvt. Ltd. is one of the world’s largest Asset Management Companies (AMCs) and is present in more than 30 countries, dominating Asia-Pacific, Europe, and America. In the Eurozone alone, it manages net assets worth 2 trillion euros. The AMC was founded in 2000 as a joint venture between the Banque Nationale de Paris (BNP) and Paribas. Two French banks, namely BNCI and CNEP, merged to form BNP in 1966. CNEP was formed to counteract the financial instability caused due to the Revolution of 1848 in France. On the other hand, two investment banks merged in 1872 to give birth to Paribas. The Indian wing of the AMC commenced operations two years later, in 2002.

BNP Mutual Fund, set up in 2004, is under the sponsorship of BNP Paribas Asset Management Asia Limited. Although BNP Paribas AMC is new to the mutual fund market, it has made huge strides. It is the first fund house to integrate Environmental, Social, and Corporate Governance (ESG). They currently manage 17 trillion rupees in assets in compliance with the ESG report, making BNP a pathbreaking financial institution. 

BNP Mutual Fund holds a 49.9% stake in Fortis Bank Group. They have over 900 teams located across India. BNP Paribas is also the first financial organization to acknowledge the subprime mortgage crisis between 2007 and 2010. On 9th August 2007, BNP Paribas said that redemptions in three mutual funds would be suspended due to fund managers’ inability to evaluate the assets. Many financial experts believe this event led to the biggest financial crisis since the Great Depression of the 1930s. 

Top 10 BNP Mutual Fund Schemes –

Fund Name
Category
Risk
1Y Returns
Rating
Fund Size (in Cr)
Baroda BNP Paribas Mid Cap Fund – Direct Growth Equity Very High 0.22 4 1,116
Baroda BNP Paribas India Consumption Fund – Dir Growth Equity Very High 4.17 5 864
Baroda BNP Paribas Multi Cap Fund-Dir Growth Equity Very High 4.50 2 1,582
Baroda BNP Paribas Aggressive Hybrid Fund-Dir Growth Hybrid Very High -0.15 5 738
Baroda BNP Paribas Balanced Advantage Fund-Dir Growth Hybrid Very High 0.89 5 3,254
Baroda BNP Paribas Large Cap Fund – Direct Growth Equity Very High 1.93 5 1,253
Baroda BNP Paribas Focused Fund – Direct Growth Equity Very High 2.78 3 244
Baroda BNP Paribas ELSS Fund – Direct Growth Equity Very High -3.99 3 665
Baroda BNP Paribas Credit Risk Fund-Dir Growth Debt Moderately High 13.26 5 204
Baroda BNP Paribas Conservative Hybrid Fund-Dir Growth Hybrid Moderately High 2.30 4 459
Baroda BNP Paribas Low Duration Fund-Dir Growth Debt Moderate 3.44 3 192
Baroda BNP Paribas Short Duration Fund-Dir Growth Debt Moderate 2.63 3 366
Baroda BNP Paribas Corporate Bond Fund-Dir Growth Debt Moderate 0.80 2 30
Baroda BNP Paribas Dynamic Bond Fund-Dir Growth Debt Moderate 2.22 2 121
Baroda BNP Paribas Gilt Fund – Direct Growth Debt Moderate 1.08 2 26
Baroda BNP Paribas Arbitrage Fund – Dir Growth Hybrid Low 4.02 4 582
Baroda BNP Paribas Ultra Short Duration Fund-Dir Growth Debt Moderately Low 3.84 3 225
Baroda BNP Paribas Medium Duration Fund-Dir Growth Debt Moderate 1.49 2 43
Baroda BNP Paribas Money Market Fund – Direct Growth Debt Moderately Low 3.47 1 18
Baroda BNP Paribas Liquid Fund – Dir Growth Debt Moderately Low 3.74 4 7,120
Baroda BNP Paribas Overnight Fund – Direct Growth Debt Low 3.48 4 605
Baroda BNP Paribas Banking&Fin Serv Fund-Dir Growth Equity Very High -5.64 2 54
Baroda BNP Paribas Funds Aqua Fund of Fund – Dir Growth Other Very High -13.62 - 104
Baroda BNP Paribas Large & Mid Cap Fund – Direct Growth Equity Very High 4.39 - 688
Baroda BNP Paribas Business Cycle Fund – Direct Growth Equity Very High - - 910
Baroda BNP Paribas Banking & PSU Bond Fund – Direct Growth Debt Moderately Low 1.74 - 97
Baroda BNP Paribas Equity Savings Fund – Direct Growth Hybrid Moderately High 1.55 - 326

BNP Paribas Asset Mgmt India Pvt. Ltd has top-down and bottom-up investing methods to complement their growth while maintaining a sensible price strategy. Their primary goal is to combine local market knowledge with their extensive experience dealing with numerous market cycles worldwide. BNP Paribas Asset Mgmt India Pvt. Ltd runs over 17 schemes across categories like equity, liquid, debt, and hybrid. For the quarter ending 30th September 2021, BNP Paribas SA earned $3.082 billion after taxes, up 17.62% year over year. 

As of 31st March 2020, BNP Mutual Fund has more than 7600 crore rupees in Asset Under Management. BNP Paribas AMC emphasizes the importance of securities selection and portfolio creation while minimizing risks that can lead to capital erosion. 

BNP Mutual Fund Key Information

Name of the Mutual Fund BNP Mutual Fund
Asset Management Company Name BNP Paribas Asset Management India Private Limited
Founded on  15th April 2004
Date of Incorporation 4th November 2003
Sponsor Name BNP Paribas Asset Management Asia Limited 
Trustee Name BNP Paribas Trustee India Private Limited
Managing Director & Chief Executive Officer Mr. Sharad Kumar Sharma
Chief Operating Officer Mr. Vivek Kudal
Auditor  S. R. Batliboi & Co. LLP

Chartered Accountants

UB City, 24, Vittal Mallya Road, KG Halli,
Shanthala Nagar, Sampangi Rama Nagar,
Bengaluru, Karnataka 560001

Registered Office  BNP Paribas House
3/1 North Avenue
Maker Maxity
Bandra Kurla Complex Bandra (E)
Mumbai 400051
Tel: 022-33704000
Fax: 022-33704294

BNP Mutual Fund  – Top Fund Managers

Mr. Karthikraj Lakshmanan

Mr. Karthikraj Lakshmanan holds a Bachelor’s degree in Commerce, a Master’s degree in Business Administration (from SPJIMR in Mumbai), and is a Chartered Financial Analyst (CFA) (US CFAI). Before joining BNP Mutual Fund on 14th July 2008, he worked as a Senior Research Analyst at ICICI Prudential AMC and a Business Analyst at Goldman Sachs Services Pvt. Ltd.

Mr. Mayank Prakash

Mr. Mayank Prakash has over a decade of experience in debt fund management and is regarded as an expert in the sector. He spent a decade as a Fund Manager with Kotak Mahindra Mutual Fund before joining BNPP AM. He also holds an ACA certificate from the Indian Institute of Chartered Accountants. BNP Paribas India Consumption Fund Direct Growth and BNP Paribas Flexi Debt Plan Direct Growth are two of his key holdings.

Mr. Chockalingam Narayanan

Mr. Chockalingam Narayanan has a PG Diploma in Management from T. A. Pai Management Institute in Manipal. Before joining BNP Paribas Asset Mgmt India Pvt. Ltd, he formerly worked for Deutsche Equities India Pvt. Ltd. and Batlivala & Karani Securities. He has over 14 years of experience in managing financial assets.

Mr. Anand Shah

BNP Paribas Asset Management’s Deputy CEO and Head of Investments is Mr. Anand Shah. Mr. Shah has worked in the financial sector for over 17 years, both in India and overseas. Before joining the BNP Mutual Fund team, he spent three years as the Head of Equities at Canara Robeco Asset Management, another critical AMC in the Indian market. From January 2007 until April 2008, he was also the Head of Equities at ICICI Prudential. 

Mr. Vikram Pamnani

Mr. Vikram Pamnani is the Fund Manager of BNP Mutual Fund. He has overall 11 years of experience in Fixed Income Fund Management. He graduated from SIES College of Management Studies in Mumbai with a PGDM in Finance. He has earlier worked in Deutsche Bank, Peerless Funds Management Co., and Canara Robeco Asset Management.