BNP Paribas Equity Fund – A 10-year old diversified and actively managed mutual fund has been earnestly maintaining a steady track record over the past four years. The fund has scored a 5-star rating by TheFundoo due to its overall performance.

Do indepth analysis on BNP Paribas Equity Fund using thefundoo's fund card.

Profile:

BNP Paribas Equity Fund is a large capfund managed by Mr. Shreyash Devalkar. The fund has a total AUM of Rs 681 cr. and is benchmarked against the CNX Nifty.

Performance:

BNP Paribas Equity Fund has consistently outperformed its category average and the NIFTY by a good margin. The fund ranks No. 1 in the last 5 year equity (diversified category) performance. In addition to that, the fund has achieved this performance by taking lesser risk than its benchmark i.e. the NIFTY.

Peers:

BNP Paribas Equity Fund bounced back after mid-2012 and generated a consistent track record by beating its category average almost all the time on a rolling 3-year return basis.

Over the last 3 years, the fund has beaten its category average by a significant difference of 5.7% with a higher risk adjusted alpha.
 

People:

The key skill of a fund manager is to allocate sectors in right proportion and picking good stocks. This skill of the fund manager helps the fund to generate alpha. Mr Devalkar's investment strategy to pick stock on the basis of BMV approach (identifying strong businesses with excellent management at reasonable valuations) helped him select about 60% right stocksin the portfolio. This eventually helped the fund to generate good alpha.

Portfolio:

The portfolio of BNP Paribas Equity Fund is constructed with a larger proportion of large cap and smaller proportion of mid/small cap stocks. About 76% of the stocks in the fund are from its benchmark (CNX Nifty). 

The top 5 holdings of the portfolio constitute 35.26% percent of the entire portfolio. The top 5 holdings in this portfolio are CBLO, HDFC Bank Ltd, Bharti Airtel Ltd, Idea Cellular Ltd and Axis Bank Ltd.