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 –
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
UB City, 24, Vittal Mallya Road, KG Halli,
|Registered Office||BNP Paribas House
3/1 North Avenue
Bandra Kurla Complex Bandra (E)
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.