Dec 31, 2010 ... *Valueresearchonline.com: BNP Paribas Money plus Fund - IP is one of the 5-
Star rated Funds by the Value Research in the category of Debt ...
BNP Paribas Money Plus Fund (An Open Ended Income Scheme)
CRISIL AAAf *
December 31, 2010
O O O O O
Rated by ValueResearch Online*
Past performance is no guarantee of future results.
BNP Paribas Money Plus Fund is a short to medium term debt fund which aims to provide investors a way to earn regular income with low risk from a portfolio comprising mainly of investment grade debt instruments including money market, fixed & floating rate instruments and derivatives.
INVESTMENT PHILOSOPHY The fund primarily invests in investment grade, short to medium term debt instruments with the objective to provide income consistent with the prudent risk from a portfolio. The Fund Manager monitors overnight and term markets in devising the investment strategy and in creating the portfolio. In line with the overall investment philosophy of BNP Paribas Asset Management, the scheme restricts its investment to debt instruments of investment grade in an attempt to minimize credit risk. The investment team primarily relies on published credit ratings to evaluate the credit worthiness of companies.
INVESTOR PROFILE This fund is suitable for all types of investors who have an investment horizon of 1-3 months. Movements in fixed income markets are unpredictable and investors shouldn’t shy away due to short-term volatility.
MARKET UPDATE The liquidity situation is expected to improve in the month of January with return of government spending and maturities in the market. This should ease the pressure on short term rates. We believe that the long term rates should remain range bound in absence of any fresh triggers. The 10 year benchmark yield is expected to trade in the range of 7.90% -8.10% for the initial part of the year.
December 31, 2010
PERFORMANCE The fund has consistently outperformed its benchmark index i.e Crisil Liquid Fund Index. Active fund management combined with BNP Paribas Asset Management’s investment framework has resulted in significant out performance in returns relative to the Benchmark. PERFORMANCE UPDATE
Period: October 21, 2005 - December 31, 2010. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Since inception returns are calculated on ` 10/- invested at inception. Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable.
6.31 6.38 6.12 5.12
BNP Paribas Money Plus Fund - Growth Crisil Liquid Fund Index
7.44 7.51 7.36 5.76
Performance vs Benchmark
145 140 135 130 125 120 115 110 105 100 95 Apr-06
7.17 7.25 7.07 5.54
BNPP MPF CRISIL Institutional Plan Liquid Growth Option Fund Index
Since Inception Last 5 Years Last 3 Years Last 1 Year
BNPP MPF Regular Plan Growth Option
As on December 31, 2010, the fund does not have any exposure to real estate sector. The AUM of the scheme as of December, 2010 is Rs. 967.17 crore. BNP Paribas Money Plus Fund is an Income fund with: • Investment in short to medium term debt instruments (Fixed / Floating) including money market instruments • Giving same day NAV for investments subject to specified cut-off time • Cut off time for investment is 3 pm Hence, BNP Paribas Money Plus Fund will continue to attract 22.145% DDT for corporates and 13.84% for individuals and HUFs. (Education Cess: 3%) in the Finance Act 2010. The returns have been calculated as per the new tax rates proposed in the Finance Act 2010. * The assigned rating AAAf is valid only for “BNP Paribas Money Plus Fund”. The rating of CRISIL is not an opinion of the Asset Management Company’s willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the Fund, which could vary with market developments. Disclaimer: "The views expressed in this article are those of the Fund Manager/author and do not represent the views of BNP Paribas Asset Management India Private Limited. These views should not be construed as investment advice and investors must make their own investment decisions based on their specific investment objectives and financial positions and using such independent advisors as they believe necessary." *Valueresearchonline.com: BNP Paribas Money plus Fund - IP is one of the 5-Star rated Funds by the Value Research in the category of Debt - Ultra Short Term considering 141 openended Income Schemes as on December 31, 2010 on the basis of weighted average weekly returns for the last 12 Months period. Five-Stars indicate that a fund is in the top 10 per cent of its category. These ratings do not take into consideration any entry or exit load. The Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight, which are subject to change every month. A detailed Methodology of the above rating is available at www.valueresearchonline.com. Ranking Methodology: ICRA Mutual Fund Awards 2010: BNP Paribas Money Plus Fund - Institutional Plan (IP) has been ranked as a Seven Star Fund in the category of 'Open Ended Ultra Short Term - Institutional Plan' schemes for its 1 year performance till December 31, 2009. There were 21 schemes considered in 'Open Ended Ultra Short Term - IP' category for the ranking exercise. BNP Paribas Money Plus Fund - Institutional Plan (IP) has been ranked as a Seven Star Fund in the category of 'Open Ended Ultra Short Term - IP' schemes for its 3 years performance till December 31, 2009. There were 23 schemes considered in 'Open Ended Ultra Short Term - IP' category for the ranking exercise. BNP Paribas Money Plus Fund has been ranked as a Seven Star Fund in the category of 'Open Ended Ultra Short Term' schemes for its 3 year performance till December 31, 2009. There were 32 schemes considered in 'Open Ended Ultra Short Term' category for the ranking exercise. 7-star rated funds are the best performing funds among the 5-star rated funds with composite score in the top 4.6% confidence interval (based on the positioning of a scheme in the category's normal distribution) in the respective category. These ratings do not take into consideration any entry or exit load. A detailed Methodology of the above rating is available at www.mutualfundsindia.com Investment Objective: The primary objective of the Scheme is to provide income consistent with the prudent risk from a portfolio comprising of floating rate debt instruments, fixed rate debt instruments, money market instruments and derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. Load Structure: Entry Load*: Nil Exit Load: 0.15% shall be charged if units are redeemed / switched-out within 7 days from the date of investment. The exit load shall not be charged in case of switches between plans / options of the scheme. Further, no exit load shall be charged on Bonus units and of units allotted on reinvestment of Dividend. Statutory Details: Sponsor: BNP Paribas Investment Partners Asia Ltd. Trustee: BNP Paribas Trustee India Pvt. Ltd. Investment Manager / AMC: BNP Paribas Asset Management India Pvt. Ltd. Fortis Mutual Fund has been renamed to BNP Paribas Mutual Fund with the same SEBI registration number. Fortis Mutual Fund (now BNP Paribas Mutual Fund) has been constituted as a Trust in accordance with the provisions of the Indian Trusts Act, 1882 (2 of 1882), by the Sponsor and the Trustee as per the terms of the superceding Trust Deed. Risk Factors: All mutual funds and securities investments are subject to market risks, and there can be no assurance that the fund's objectives will be achieved. Investment in Mutual Fund Units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal. As the price / value / interest rates of the securities in which the scheme invest fluctuate, the value of your investment in the scheme may go up or down depending upon the factors and forces affecting the securities market. Various factors impact the value of the Scheme’s investments include, but are not limited to, fluctuations in the bond markets, fluctuations in interest rates, prevailing political and economic environment, changes in government policy, factors specific to the issuer of the securities, tax laws, liquidity of the underlying instruments, settlement periods, trading volumes etc. The name of the Scheme, BNP Paribas Money Plus Fund does not in any manner indicate either the quality of the scheme or its future prospects and returns. Past performance of the Sponsor / AMC / Mutual Fund does not guarantee future performance of the schemes. The Sponsor is not responsible or liable for any loss resulting from the operation of the scheme beyond the initial contribution of Rs. 1 lakh made by it towards setting up the Fund. The Scheme does not guarantee or assure returns. Investment decisions made by the AMC may not always be profitable. Statement of Additional Information (SAI), Scheme Information Document (SID) & Key Information Memorandum cum Application forms (KIM) are available at AMC offices / AMC web-site: www.bnpparibasmf.in./ Investor Service Centres / Distributors. Investors should read the respective SAI, SID & KIM carefully in its entirety before investing and retain these documents for future references. *In accordance with the requirements specified by the SEBI circular no. SEBI/ IMD/ CIR No. 4/ 168230/09 dated June 30, 2009 no entry load will be charged for purchase/additional purchase/ switch-in accepted by the Fund with effect from August 01, 2009. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder. # With effect from August 01, 2009, exit load up to 1% of the redemption value charged to the unit holder by the Fund on redemption of units shall be retained by each of the schemes in a separate account and will be utilized for payment of commissions to the ARN Holder and to meet other marketing and selling expenses. Any amount in excess of 1% of the redemption value charged to the unit holder as exit load shall be credited to the respective scheme immediately.