by Suman Gupta
Mumbai, India – 18th September 2024 : As it celebrates its 21st anniversary, the Baroda BNP Paribas Multicap Fund has also achieved yet another milestone of crossing the 2500 crore assets under management (AUM). Known for its well-balanced portfolio constituting of a blend of large, mid and small cap stocks, the scheme has consistently outperformed its benchmark index for the short and medium term periods (one-year and three-years respectively).
Since its inception, the Baroda BNP Paribas Multicap Fund has been a compelling choice for investors seeking robust returns. An investor who invested ₹10,000 monthly through a systematic investment plan (SIP) since the scheme’s launch would today see their investment grow to over ₹1.58 crore. The fund’s Sharpe ratio of 1.11 reflects its ability to deliver strong risk-adjusted returns, while its beta of less than one indicates that these returns were achieved with limited downside risk. The scheme’s performance is a testament to the mutual fund’s brand promise of ‘Together for More.’
The Baroda BNP Paribas Multicap Fund leverages the multi-cap index universe, which provides fund managers the flexibility to invest across a wide range of sectors, including Media, Textiles, and Forest Materials that are often absent from large-cap indices. This broad diversification enables the fund to tap into unique growth opportunities and mitigate risks across various economic cycles.
The scheme, which aims to maintain a diversified portfolio of 40-60 stocks, is ideal for investors seeking growth with diversification, first-time investors looking for exposure across market caps through a single fund, and those wishing to participate in India’s growth story. The scheme is managed by Mr Chawla as the designated fund manager of the flagship product.
About Baroda BNP Paribas Mutual Fund: Baroda BNP Paribas Mutual Fund is a leading asset management company, known for its innovative investment solutions and commitment to delivering value to its investors. With a focus on customer-centric services and cutting-edge financial products, the company aims to empower individuals to achieve their financial aspirations. Baroda BNP Paribas Mutual Fund is managed by Baroda BNP Paribas AMC, a strategic partnership between Bank of Baroda India’s second largest state-owned bank and BNP Paribas Asset Management, a key part of leading European financial services banking group BNP Paribas.
Baroda BNP Paribas Mutual Fund offers 40* schemes across equity, hybrid, debt and overseas fund of fund categories offering high quality investment solutions across 166* towns and cities to create a positive impact on people’s lives by delivering sustainable value for their investments.
