Baroda BNP Paribas Mutual Fund
Overview:
Baroda BNP Paribas Mutual Fund is a strategic joint venture between the Bank of Baroda and BNP Paribas Asset Management Asia Ltd. This collaboration was formalized on October 11, 2019, when both entities signed a binding agreement to merge their Asset Management Company (AMC) and Trustee Companies, culminating in a complete merger on March 14, 2022.
Ownership Structure:
- Bank of Baroda: Holds a 50.1% stake in the merged entity, leveraging its extensive banking experience and robust network.
- BNP Paribas Asset Management: Holds the remaining 49.9% stake, bringing its global asset management expertise to the partnership.
Geographical Presence:
The Baroda BNP Paribas Mutual Fund has established a strong presence across 90 Indian cities, ensuring accessibility and support for investors nationwide.
Investment Offerings:
The fund house offers approximately 34 mutual fund schemes that cater to a variety of investment needs, including:
- Equity Schemes: Focused on long-term capital growth by investing in stocks.
- Hybrid Schemes: Combining equity and debt investments for balanced risk and return.
- Debt Schemes: Aimed at providing regular income through fixed-income securities.
Assets Under Management (AuM):
As of March 31, 2024, Baroda BNP Paribas Mutual Fund's total AuM stood at approximately INR 35,646.45 crores, reflecting its growing popularity and investor trust.
Investment Philosophy:
Baroda BNP Paribas Mutual Fund is primarily focused on growth investing. The fund aims to identify and invest in companies with the potential to grow at a significantly faster rate than their peers over extended periods. Their in-house investment framework, termed BMV (Business - Management - Valuation), serves as a critical tool for evaluating potential investments. This framework emphasizes:
- Business: Understanding the business model and growth potential.
- Management: Evaluating the quality and effectiveness of the management team.
- Valuation: Assessing whether the stock is fairly valued based on its growth prospects.
Conclusion:
Baroda BNP Paribas Mutual Fund combines the strength of a major Indian bank with the expertise of a global asset manager, offering a diversified range of mutual fund schemes to cater to the needs of various investors. With a robust investment philosophy centered on growth and a significant presence across India, the fund is well-positioned to help investors achieve their financial goals.
Step by Step Guide to invest in
Baroda BNP Paribas Mutual Fund
How to Invest in Baroda BNP Paribas Mutual Funds online with Miles Wealth?
Investing in Baroda BNP Paribas Mutual Funds through Miles Wealth is a simple, quick, and secure process, designed to give you full control over your investment decisions. Whether you prefer to explore curated fund recommendations tailored to your risk profile and financial goals, or select funds from a wide range of options, the process is straightforward.
Here's a step-by-step guide to get started:
Step 1: Download the Miles Wealth App
Start by downloading the Miles Wealth app. If you're an existing user, simply log in. New users can complete a quick and seamless registration process to create their account.
Step 2: Complete Your KYC
KYC (Know Your Customer) is a one-time, mandatory requirement to start investing. It is a fast, easy and online process that typically takes around 5 minutes. Keep your PAN card, Aadhaar card, bank account details, and Digilocker credentials handy to ensure smooth completion.
Step 3: Set Up Nominee Information
Add nominee details and allocate percentages. If you are assigning just one nominee, allocate 100%. If there are multiple nominees, distribute the percentage allocation accordingly.
Step 4: Browse or Search for Mutual Funds
You can either search for a specific mutual fund or explore our personalized collections, which are curated based on your risk tolerance and financial objectives. If you prefer, you can modify the recommendations and invest in any fund or AMC of your choice.
Step 5: Choose Investment Type (SIP or One-Time)
Decide whether to invest through a Systematic Investment Plan (SIP) or as a one-time investment. Enter your desired investment amount. For SIPs, choose the date for monthly debits from your bank account. To make the process even easier, we recommend setting up an e-mandate for automatic monthly investments.
Step 6: Review and Confirm Your Investment
Before finalizing, review your investment details, then confirm the order and make the payment. That's it! You have successfully invested.
Step 7: Track Your Portfolio
Once your investment is confirmed, it will reflect in your Miles Wealth account within 3-4 working days. You can track the performance of your portfolio and manage your investments directly from the app.
Need Assistance?
If you encounter any issues or have questions, our support team is ready to help. Simply drop us an email at support@mileswealth.in, and we'll get back to you promptly.
Why Choose Miles Wealth?
- Personalised Investing: We suggest funds that match your financial goals and risk level, making investing easy and personal.
- No Expertise Needed: You don't need prior knowledge - our platform simplifies everything for you.
- No More Guesswork: Stop relying on social media or friends' advice. Miles Wealth gives you clear, data-driven recommendations you can trust. We are AMFI licensed.
- Wealth Creation: Our goal is simple - help you build lasting wealth with smart, personalized investments.
- Regular Funds: We are AMFI Registered Mutual Fund Distributor, and we offer regular funds that align with your risk tolerance to help you achieve the best possible portfolio returns.
P.S. We earn only 0.5%-0.75% annually on the AUM we manage - so it's not expensive.
Your journey to wealth creation is just a few clicks away. Start investing with confidence today!
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Best Fund Managers at
Baroda BNP Paribas Mutual Fund
Fund Manager
Alok Sahoo
Jitendra Sriram
Prashant R Pimple
Pratish Krishnan
Miten Vora
Neeraj Saxena
Sandeep Jain
Sanjay Chawla
Shiv Chanani
Vikram Pamnani
Vishnu Soni
Years with AMC
4.6
2.3
2
5.1
1.9
2.6
2.6
8.9
2.2
6.8
0.9
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