BNP Paribas Dividend Yield Fund: A worthy multi-cap mutual fund pick
ET Bureau|
Oct 23, 2017, 06.30 AM IST
ET Wealth collaborates with Value Research to analyse top mutual funds.
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
BNP Paribas Dividend Yield Fund
How has the fund performed?
With a 10-year return of 14.05%, the fund has outperformed both the benchmark (10.18) and the category average (6.65%) by a huge margin. The fund boasts an impressive long-term track record.
As on 17 Oct 2017
Annualised performance (%)
The fund has outperformed both category average and index across time periods.
As on 17 Oct 2017
Yearly performance (%)
The fund has mostly been a consistent outperformer in recent years.
As on 17 Oct 2017
Basic facts
Date of launch : 15 Sep 2005
Category : Equity
Type : Multi Cap
Average AUM : Rs 474.79 cr
Benchmark : Nifty 200 Index
What it costs
NAVS*
Growth option : Rs 48.70
Dividend option : Rs 18.48
Minimum investment : Rs 5,000
Minimum SIP amount : Rs 500
Expense ratio^ (%) : 2.53
Exit load : 0% for redemption within 365 days
For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days
*As on 17 Oct 2017
^As on 30 Sep 2017
Fund managers
Karthikraj Lakshmanan and Abhijeet Dey
Tenure: 10 months/ 11 months
Education: PGDCM, CA / B.E.
Where does the fund invest?
The fund focuses on stocks with superior and sustainable earnings growth.
How risky is it?
The fund’s risk-return profile is superior to many of its peers.
Wherever not specified, data as on 30 Sep 2017. Source: Value Research
Should you buy?
Although named such, this fund does not run a pure dividend yield strategy—typically a value-driven approach. Instead, it adopts a blend of growth and value, while maintaining 65% exposure to stocks offering a minimum yield of 0.5%. In the dividend plan, it has consistently offered a monthly dividend payout of around 1% for the past 58 months, and expects to continue doing so.
The fund takes a multicap approach, with no particular market-cap bias in the portfolio. The fund managers take a basket approach to stock selection, picking multiple stocks within each identified sector to benefit from its growth. The preference is for businesses showing superior and sustainable earnings growth. Though not offering a pure dividend yield play, this is a worthy pick in the multi-cap space.
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
BNP Paribas Dividend Yield Fund
How has the fund performed?
With a 10-year return of 14.05%, the fund has outperformed both the benchmark (10.18) and the category average (6.65%) by a huge margin. The fund boasts an impressive long-term track record.
As on 17 Oct 2017
Annualised performance (%)
The fund has outperformed both category average and index across time periods.
As on 17 Oct 2017
Yearly performance (%)
The fund has mostly been a consistent outperformer in recent years.
As on 17 Oct 2017
Basic facts
Date of launch : 15 Sep 2005
Category : Equity
Type : Multi Cap
Average AUM : Rs 474.79 cr
Benchmark : Nifty 200 Index
What it costs
NAVS*
Growth option : Rs 48.70
Dividend option : Rs 18.48
Minimum investment : Rs 5,000
Minimum SIP amount : Rs 500
Expense ratio^ (%) : 2.53
Exit load : 0% for redemption within 365 days
For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days
*As on 17 Oct 2017
^As on 30 Sep 2017
Fund managers
Karthikraj Lakshmanan and Abhijeet Dey
Tenure: 10 months/ 11 months
Education: PGDCM, CA / B.E.
Where does the fund invest?
The fund focuses on stocks with superior and sustainable earnings growth.
How risky is it?
The fund’s risk-return profile is superior to many of its peers.
Wherever not specified, data as on 30 Sep 2017. Source: Value Research
Should you buy?
Although named such, this fund does not run a pure dividend yield strategy—typically a value-driven approach. Instead, it adopts a blend of growth and value, while maintaining 65% exposure to stocks offering a minimum yield of 0.5%. In the dividend plan, it has consistently offered a monthly dividend payout of around 1% for the past 58 months, and expects to continue doing so.
The fund takes a multicap approach, with no particular market-cap bias in the portfolio. The fund managers take a basket approach to stock selection, picking multiple stocks within each identified sector to benefit from its growth. The preference is for businesses showing superior and sustainable earnings growth. Though not offering a pure dividend yield play, this is a worthy pick in the multi-cap space.
