Baroda BNP Paribas Mutual Fund

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Baroda BNP Paribas Mutual Fund is an Indian asset management company, formally incorporated as Baroda BNP Paribas Asset Management India Private Limited, resulting from the 2022 merger of Baroda Asset Management India Limited (sponsored by Bank of Baroda) and BNP Paribas Asset Management India Private Limited (the Indian operations of BNP Paribas Asset Management). As of March 2024, the combined entity managed assets of approximately Rs 25,000–30,000 crore.

For the historical background of the individual entities prior to their merger, see Baroda Mutual Fund (historical) and BNP Paribas Mutual Fund (historical).

Background

Bank of Baroda has operated a mutual fund business in India since 1992, making it one of the original public sector bank AMCs. BNP Paribas Asset Management has had Indian mutual fund operations since the early 2000s through various partnerships. The merger of the two separate AMCs into a single joint venture entity in 2022 was approved by SEBI and the Competition Commission of India.

Post-merger, Bank of Baroda and BNP Paribas Asset Management share control of the combined AMC. The combined entity has larger AUM and scheme diversity than either predecessor.

Scheme portfolio

The post-merger scheme roster covers all standard SEBI categories:

  • Baroda BNP Paribas Large Cap Fund, Flexi Cap Fund, Multi Cap Fund: Core equity.
  • Baroda BNP Paribas Midcap Fund, Small Cap Fund: Mid and small cap.
  • Baroda BNP Paribas ELSS Tax Saver Fund: Tax-saving equity.
  • Baroda BNP Paribas Business Cycle Fund: Cyclical rotation strategy.
  • Full debt and hybrid range.

Co-sponsors: Bank of Baroda (public sector bank, Government of India owned) and BNP Paribas Asset Management Holding (a subsidiary of BNP Paribas Group, Paris). The trustee entity is Baroda BNP Paribas Mutual Fund Trustee Company Private Limited.

  • RTA: Computer Age Management Services (CAMS)
  • Depository: NSDL and CDSL

Distribution and operations

Bank of Baroda’s branch network (approximately 8,500 branches) provides strong domestic distribution. BNP Paribas’s institutional relationships contribute international and HNI distribution channels.

Regulatory standing

Baroda BNP Paribas Asset Management India Private Limited holds a valid SEBI registration. The merger was conducted with full regulatory approvals. No enforcement actions as of 2024.

See also

References

  1. Baroda BNP Paribas Asset Management India Private Limited, SEBI Registration. sebi.gov.in.
  2. AMFI Data, AMC-wise AUM, March 2024. Association of Mutual Funds in India.
  3. “Bank of Baroda and BNP Paribas complete AMC merger.” Business Standard, 2022.

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