Baroda BNP Paribas Money Market Fund Marks 6 Years with AUM Surpasses ₹4,500 Crore

Baroda BNP Paribas Money Market Fund has completed 6 years since launch, with assets under management crossing ₹4,500 crore, as per news reports.  

The open-ended debt scheme invests in money market instruments and is generally used for short-term capital allocation where liquidity and limited volatility are key considerations. 

Returns and Benchmark Comparison 

As of January 15, 2026, the fund’s regular plan reported a 1-year return of 7.16%. Over the same period, the CRISIL Money Market A-I Index delivered sub-7% returns.  

Since inception, a ₹1 lakh investment at launch would have grown to approximately ₹1.42 lakh, driven by accrual income and portfolio positioning over multiple rate cycles. 

Portfolio Structure and Duration Metrics 

The portfolio recorded a yield to maturity of 6.78%, with a modified duration of 0.43 and an average maturity of 0.43 years.  

Allocation is higher in the 4-6 month maturity bucket. Securities rated below AAA account for around 20%, while statutory liquidity ratio (SLR) securities and cash together account for about 15%. 

Credit Quality and Asset Mix 

As of December 31, 2025, 92.92% of the portfolio was invested in A1, A1+ and A1- rated instruments. Sovereign securities formed 13.86% of the portfolio, while unrated instruments accounted for 0.09%.  

The fund is benchmarked against the CRISIL Money Market Index and is managed by Vikram Pamnani and Gurvinder Singh. 

Interest Rate Context 

The fund operates in a period of moderating fixed income yields, where money market schemes are often used for short-term liquidity management. The portfolio includes interest rate and liquidity-driven positioning along with accrual-focused holdings. 

Read More: SIFs Reports Nearly ₹4,000 Crore AUM in Debut Quarter! 

Conclusion 

Entering its seventh year, Baroda BNP Paribas Money Market Fund continues to maintain a short-duration portfolio with defined maturity, credit quality distribution and benchmark-linked performance within the money market category. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Mutual Funds Investments are subject to market risks, read all the related documents carefully before investing.