NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹11.18
0.02%
NAV as on 10 Sep 24, 12:00 AM
moderate risk
floating rate
debt
NAV as on 10 Sep 24, 12:00 AM
moderate risk
floating rate
debt
8.36%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
8.48%p.a.
Since Inception
About Baroda BNP Paribas Floater Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Baroda BNP Paribas Floater Fund Growth scheme from Baroda BNP Paribas Asset Management India Pvt. Ltd.. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Apr 2023, Baroda BNP Paribas Floater Fund Growth is Floating Rate fund of its category with 17.7 Cr fund under management as on Sep 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
- Baroda BNP Paribas Floater Fund Growth delivered 8.4% annual returns during the last year. It has delivered 8.5% average annual returns since the fund was launched.
- Baroda BNP Paribas Floater Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The primary objective of the scheme is to generate regular income through investment in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Top 2 Holdings
8.34% Govt Stock 2033
86.20%
Corporate Debt Market Development Fund #
0.38%
Fund Managers
- Prashant Pimple (Apr 2023 - Present)
- Vikram Pamnani (Jul 2024 - Present)
Key Information
View Scheme Document
Baroda BNP Paribas Floater Fund Growth SIP Calculator
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For a period of
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This Fund
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NRI Mutual Fund Tax on Baroda BNP Paribas Floater Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Baroda BNP Paribas Floater Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Baroda BNP Paribas Floater Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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