Baroda BNP Paribas Money Market Fund crosses Rs 4,500 crore AUM mark in 6 years

Baroda BNP Paribas Money Market Fund has recently completed six years while crossing the Rs 4,500 crore AUM mark. The fund, an open-ended debt scheme investing in high-quality money market instruments, has emerged as a reliable choice for investors seeking low interest rate risk, low credit risk and high liquidity for parking short-term surpluses.

The portfolio of the money market fund is designed to implement active interest rate and liquidity-driven calls, in addition to delivering better accrual and liquidity. The fund is predominantly invested in AAA/A1+ equivalent securities, ensuring high credit quality for investors, according to a press release by the fund house.

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As on January 15, 2026, the fund’s regular plan has delivered a robust performance, posting 7.16% one-year returns, comfortably outperforming its benchmark, the CRISIL Money Market A-I Index, which generated sub-7% returns.

At a time when fixed income rates have declined, the fund has offered a superior alternative. An investment of Rs 1 lakh at launch would have grown to approximately Rs 1.42 lakh, reflecting consistent accrual and active portfolio management, the release said.

The fund is managed by Vikram Pamnani and Gurvinder Singh. The portfolio as on January 15, 2026 had a YTM of 6.78%, modified duration of 0.43 and average maturity of 0.43 years. The portfolio allocation is higher in the 4 to 6 months maturity bucket. Below AAA securities comprise only approximately 20%, while SLR and cash account for around 15%.

With its consistent performance, disciplined portfolio construction and strong liquidity profile, the Baroda BNP Paribas Money Market Fund continues to position itself as a trusted short-term investment option. As it enters its seventh year, the fund remains aligned with its core objective of offering potential stability, flexibility and competitive returns in a changing interest rate landscape.

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As of December 31, 2025, the fund holds 92.92% in A1/A1+/A1-, 13.86% in sovereign securities and 0.09% in unrated instruments. The performance is benchmarked against the CRISIL Money Market Index.