Baroda BNP Paribas Liquid Fund turns Rs 1 lakh investment to nearly Rs 3 lakh in 23 years, AUM crossing Rs 10,000 crore
Baroda BNP Paribas Mutual Fund has completed 23 years of existence in the industry and has almost tripled investor wealth Rs1 lakh invested at launch to Rs 2,99,565 now and has crossed an AUM of Rs 10,000 crore. Baroda BNP Paribas Liquid Fund is a trusted solution for investors seeking capital protection, liquidity, and stable short-term returns and crossing a significant milestone of the scheme AUM at Rs 10,500 crore in Average Assets Under Management (AUM) mark.Also Read | Nearly 112 lakh SIPs closed in 2025: Should you worry about the negative net SIP trend? The fund is managed by Vikram Pamnani and Gurvinder Singh Wasan. The performance of the fund is benchmarked against CRISIL Liquid Debt A-I Index. Baroda BNP Paribas Liquid Fund has delivered an annualised return of 7.09% return over the past one month, reaffirming its reputation as a reliable option for managing surplus funds, according to a press release.With global markets experiencing volatility amid geopolitical uncertainty and policy shifts — including U.S. sentiment swings under the Trump era — many investors are adopting a "wait and watch" approach. For those looking to safely park capital while staying liquid, liquid funds present an attractive alternative to traditional savings accounts, the release said.Baroda BNP Paribas Liquid Fund achieves this through prudent investment in short-term debt instruments with minimal price risk and low credit risk. With a modified duration of just 55 days, the fund offers liquidity while aiming to generate returns higher than conventional savings options.As investors seek safety, liquidity, and predictable returns, the Baroda BNP Paribas Liquid Fund continues to stand out as a safe haven for short-term money management, proving its relevance even 23 years on.Also Read | Mutual funds slashes cash allocation by Rs 13,000 crore in June; PPFAS and Quant MF join trend Baroda BNP Paribas Liquid Fund is an open-ended liquid scheme with a relatively low interest rate risk and moderate credit risk scheme.According to the Sebi mandate, liquid funds make investment in debt and money market securities with maturity of up to 91 days only.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
9 minutes ago
- Hans India
Corporate Bond issuances hit 4-year high in Q1, surpass Rs 3 lakh crore mark
New Delhi: The first quarter of the current financial year (Q1 FY26) has been a very productive period for the corporate bond market as the issuances have crossed the Rs 3 lakh crore mark, the highest in the last 4 years, according to a report on Monday. In the April-June quarter, issuances reached a peak of Rs 3.27 lakh crore, representing a 42.7 per cent increase over the Rs 2.29 crore recorded in the same quarter the previous year, a report from Bank of Baroda (BoB) said. Debt issuances have seen a mixed pattern in the said period. It has risen from Rs 1.44 lakh crore in 2022 (Q1) to Rs 2.86 lakh crore in 2023 and then slowed down to Rs 2.29 lakh crore in 2023, the first quarter. The development indicates an increase in potential investment, as most debt raised in the market is for financing investment, according to the report. The financial services segment has been the dominant player in issuance, as it remained a major source of funding for its lending operations in the first quarter for the past three years. The sector had accounted for more than three-quarters of the issuances in 2023 (79.2 per cent) and 2024 (74.6), but came down to 62 per cent in 2025, the data showed. Manufacturing, electricity, and diversified groups of companies all saw a sharper increase in issuances from other sectors. Meanwhile, the weighted average yield on corporate bonds for AAA and AA-rated bonds tended to have more favourable rates compared with bank borrowings, where the weighted average lending rate (WALR) on fresh loans tended to be higher. In Q1 2025, bank WALR was lower than the 10-year yield for an AA rated bond, the report said. Corporate bond spreads for AAA paper for 10 years are presently ruling at between 80-90 bps, while it is around 200 bps for AA-rated paper, the report noted. The low interest environment will provide a further boost to this segment, the report said.
Hans India
9 minutes ago
- Hans India
Andhra Pradesh makes drone services accessible to common man
Amaravati: The Andhra Pradesh government on Monday launched a portal to make drone services accessible to common man. Chief Minister N. Chandrababu Naidu launched the AP Drone Mart Portal , marking a significant push toward integrating advanced technology in key service sectors. Developed by the AP Drone Corporation, the portal is designed to provide drone-based services across various sectors, including agriculture, infrastructure development, and disaster management. Through this platform, farmers can use drones for pesticide spraying, crop monitoring, and other agricultural needs. The portal also supports services such as land surveys, site monitoring for large-scale projects, security surveillance, and mapping operations. These services, once limited to specialised entities, are now available to individuals and organisations across all districts in Andhra Pradesh through the Drone Mart Portal, said an official release. The platform connects users directly with certified drone service providers, enabling citizens and government departments to request services as needed. Users can negotiate pricing with service providers, ensuring flexibility and affordability. The Chief Minister emphasised the importance of making drone services affordable to promote widespread use among the general public. He also directed that the portal be further developed to expand the range of services offered in the future. Chandrababu Naidu reiterated that democratizing access to drone technology will help accelerate development across sectors and regions. Chief Secretary K Vijayanand, IT Secretary Katanneni Bhaskar, and other senior officials were present at the launch event. In November last year, the state government had unveiled its drone policy with the target of setting up at least 100 drone manufacturing units and attracting Rs 1,000 crore investment in the sector over next five years. The policy is aimed at making Andhra Pradesh the global destination for drone technology. State Drone Corporation was formed under this policy to promote utilisation of drones besides accelerating emergency and other services. Employment for 40,000 people and training for 25,000 drone pilots are the other key targets of the policy. Investors are offered a 20 per cent subsidy.
Time of India
14 minutes ago
- Time of India
Govt cancels 1st auction of ore dumps, to alter procedure
Panaji: State govt cancelled the first auction of low-grade iron ore dumps as it decided to change the procedure for auctioning the same. Chief secretary V Candavelou, who is also mines secretary, told TOI that state govt would bring minor changes in the dump policy to change the procedure of auction. After completing the first day of e-auctioning low-grade iron ore dumps, the directorate of mines and geology (DMG) cancelled the remaining three phases of auctions of dumps that were scheduled for Jan 31 and Feb 3 and 4 due to a 'technical issue'. The auctions were subsequently cancelled. The Supreme Court allowed Goa govt to carry out dump mining activity in the state in accordance with an expert committee's report. Accordingly, the policy for regulating iron ore dump handling was notified on Sep 14, 2023. The dump handling policy, 2023, paved the way to deal with the 700 million tonnes of low-grade iron ore lying inside and outside mining leases across Goa, and to export 25 million tonnes per annum. The DMG conducted the first auction for four dumps, and bids were accepted only for three dumps. Due to a technical reason, the auction of one dump did not start. State govt put 18 low-grade iron ore dumps up for auction. Goa Foundation said that the DMG should cancel the auctions and re-conduct them after first granting a proper mining lease and obtaining all necessary approvals, as required by the expert committee on dumps and the various provisions of the Mines and Minerals (Development and Regulation) Act. State govt received 125 bids for the 18 dumps that were put up for auction. A total of 173 mining companies and traders showed interest in purchasing them. Govt fixed a reserve price of 22% for the first e-auction of low-grade iron ore dumps in the state. If the Indian Bureau of Mines' price is Rs 100 per tonne for low-grade iron ore and the mining companies purchase the ore at auction at the 22% reserve price, the companies must pay Rs 22 per tonne to govt. Govt also fixed the criteria for traders and mining companies to participate in the e-auction — the bidders should have a minimum net worth of Rs 25 crore. Govt put up the 18 low-grade iron ore dumps with a total quantity of around 30 million tonnes for auction. Up to 25 million tonnes of ore from dump handling can be exported. Of the 18 dumps, 15 are in South Goa. A senior official said that the dump handling policy was challenged in court. Recently, state cabinet amended the dump mining policy to allow erstwhile leaseholders to handle the low-grade iron ore dumped by them in another mining lease that was never operated.
