Baroda BNP Paribas Gold ETF · NSE:BBNPPGOLD
Baroda BNP Paribas Gold ETF — Baroda BNP Paribas Mutual Fund — Investor Presentation (May 2024)
29 slides from Baroda BNP Paribas Gold ETF's investor presentation, May 2024
Slide 1: May 2024
May 2024 The word ‘more’ does not imply more returns or assurance of scheme performance. It refers to the additional value provided by the joint venture, as compared to Baroda AMC and BNP Paribas AMC individually.
Slide 2: The world is always in a flux
> THE WORLD IS ALWAYS IN A FLUX L Bi nGtele Benn MUTUAL FUND
Slide 3: Life Keeps on Changing
Life Keeps on Changing…. Our day to day activities also keep on changing The way we socialise has changed Meeting in Person Meeting virtually The way we work has changed Work from office Work from Home Hybrid The way we shop has changed Shopping from Stores Online Shopping Connecting with stores onl
Slide 4: Our Consumption patterns are changing!
Our Consumption patterns are changing! From terrestrial TV to Satellite TV to OTT Owning a car to hiring / renting platforms Rent / Self ZEE5 Sony Disney BIGFLIX Prime Drive LIV Hotstar Videos eros Jio You Netflix Cinema Voot NOW Tube 4
Slide 5: Our emotions keep on changing… even in the markets
Our emotions keep on changing…. Weekly changes in Emotions Mon Tue Wed Thu Fri Sat Sun …. Even in the markets Emotional roller coaster due to market cycles Euphoria Anxiety Optimism Thrill Denial Relief Fear Excitement Desperation Hope Panic Depression Optimism The above graphics are for representat
Slide 6: Even the top performers in market keep on changing
Even the Top performers in market keep on changing.. Sector Performance leadership has never been constant in the past 10 years Top CY 2012 CY 2013 CY 2014 CY 2015 CY 2016 CY 2017 CY 2018 CY 2019 CY 2020 CY 2021 CY 2022 CY 2023 performers Media IT Bank Healthcare Oil & Gas Realty IT Realty IT IT Ban
Slide 7: How to thrive in an ever changing world? Be Flexible
How to thrive in an ever changing world? Be Flexible
Slide 8: Benefits of Flexi Cap Funds
BENEFITS OF FLEX! CAP FUNDS L Bi nGtele Benn MUTUAL FUND
Slide 9: Flexi Cap - Flexibility to invest across market caps
Flexi Cap - Flexiblility to invest across market caps Flexi Cap – Flexibility to invest across market caps Min Min 25% 65% in No capping in each mid across Min 35% large, mid caps market caps in each & small large & caps Min mid caps 80% in large caps Mid Cap Large & Multi Cap Funds Flexi Caps Large
Slide 10: Benefits of Investing in Flexi Cap Fund
Benefits of Investing in Flexi Cap Fund Agility • No capping across market cap allows the Flexi cap fund at any given time to dynamically take positions across large/ mid or small cap stocks Diversification • One equity fund invests in different market segments. Large caps tend to reduce volatility
Slide 11: Market Segments Update
> MARKET SEGMENTS UPDATE L BB Baroda a Together for more MUTUAL FUND
Slide 12: The performance of different market segments
The performance of different market segments Segment Wise Market Performance Nifty 100 TRI Nifty Midcap 150 TRI Nifty Smallcap 250 TRI 72% 63% 63% 58% 56% 47% 48% 40% 45% 42% 40% 33% 35% 33% 26% 26% 26% 16% 19% 15% 11% 10% 12% 8% 5%7% 3% 5%4% 1% 1% -1% -1% -3% -6% -7% -13% -10% -26% CY 2012 CY 2013
Slide 13: Valuations at different points in time
Valuations at different points in time PE Valuation Graph • Trendline shows 500% the historic average 400% valuations. 300% • In current 200% scenario, both mid and small 100% caps are trading at a discount to 0% their long-term historic -100% averages. Mar/10 Feb/14 Feb/18 Feb/22 Nov/23 Nov/07 Aug/
Slide 14: Baroda BNP Paribas Flexi Cap Fund
AIM TO REAP THE BENEFITS OF FLEXIBLE INVESTING THROUGH… BARODA BNP PARIBAS FLEXI CAP FUND ( )
Slide 15: Scheme Attributes
Scheme Attributes Diversified Stock Unique Fund offers Strategy: Holdings: Investment the flexibility Diversified Aims to hold approach to invest allocation around across across The 3- market cap sectors and 40 – 60 pronged market caps stocks process 15
Slide 16: Investment Approach: The Three Pronged Approach
Investment Approach: The Three Pronged Approach Step 1 Top-Down Approach for Sectors Step 3 Bottom-Up Stock Selection Sector Selection Stock Selection Step 2 Horizontal: For choosing market cap Large Cap Mid Cap Small Cap Market Capitalization as per SEBI - Large Cap: 1st – 100th company, Mid Cap: 1
Slide 17: Step 1 – Top Down Approach for Sectors
Step 1 – Top Down Approach for Sectors Step 1 Top Down Approach for Sectors Underlying Factors* Gross Domestic Product (GDP) Global Macros Domestic Macros Fiscal Deficit Index of Industrial Production (IIP) Industry Data Credit Growth Capex Cycle Purchasing Managers Index (PMI) Shortlisted Sectors G
Slide 18: Step 2 – Horizontal: Market Cap
Step 2 – Horizontal: Market Cap Step 2 Horizontal Looking for opportunities across market cap GDP vs Market Cap Level 35000 Large / Mid cap indices rose faster 12.00 Huge Gap between large cap index and fell faster the next year and mid / small cap indices 30000 compared to small cap index 10.00 250
Slide 19: Step 2 – Horizontal: Market Cap
Step 2 – Horizontal: Market Cap Step 2 Horizontal Looking for opportunities across market cap • Relative Valuations: On relative terms, one segment may look more attractive than others and the fund manager could increase allocation to those segments • Earnings Growth in each Segment • Earnings momen
Slide 20: Step 3 - Bottom up Stock Picking
Step 3 - Bottom up Stock Picking Core belief: Companies create wealth, not markets In search of companies with • Science is predicting the 1 earnings superior and sustainable • Art is deciding the likely earnings growth BUSINESS valuations Growth • Blending Art and Science “Moat” * Positive change t
Slide 21: Current Portfolio Positioning
CURRENT PORTFOLIO POSITIONING
Slide 22: Investment Themes
Investment Themes ✓Credit growth is picking up, NPA cycle has Recovery Play peaked. • BFSI ✓Banks are well capitalized • Consumer Staples ✓Ease in inflation and replacement demand • Consumer Durables Domestic Consumption likely to drive these sectors ahead • Auto & Auto components • Healthcare ✓Govt
Slide 23: Product Positioning (as on May 31, 2024)
Product Positioning (as on May 31, 2024) • Compared to the last month, we have increased exposure to Health Care, Materials and Industrials. Exposure has been reduced in Consumer Discretionary, Real Estate and Consumer Staples. • Key overweight positions are Industrials, Real Estate and Health Care,
Slide 24: Current Positioning: Sector Weights
Current Positioning: Sector Weights Top 10 Stocks Top 10 Sectors Name of the Company % of Net Assets Larsen & Toubro Ltd. 4.14% Banks 17.6% ICICI Bank Ltd. 3.49% Finance 6.1% Kaynes Technology India Ltd. 3.29% Industrial Products 5.3% NTPC Ltd. 3.21% Petroleum Products 5.1% Reliance Industries Ltd.
Slide 25: Who should Invest?
Who should Invest? New Investors • New investors looking for exposure across market caps through one fund Long Term Wealth Creation • An all-season fund which seems to easily adapts to different market cycles, making it a good option for long term wealth creation • Investors who are saving for long
Slide 26: Fund Facts
Fund Facts Scheme Name Baroda BNP Paribas Flexi Cap Fund Type of the Scheme An Open-ended dynamic equity scheme investing across large cap, mid cap, small cap companies. Category Flexi cap Fund The Scheme seeks to generate long term capital appreciation by investing in a dynamic mix of equity and eq
Slide 27: Risk Factors
Risk Factors The risks associated with investments in equities include fluctuations in prices, as stock markets can be volatile and decline in response to political, regulatory, economic, market and stock-specific development etc. Please refer to scheme information document for detailed risk factors
Slide 28: Disclaimers
Disclaimers In the preparation of the material contained in this document, Baroda BNP Paribas Asset Management India Ltd. (“AMC”) (formerly BNP Paribas Asset Management India Private Limited) has used information that is publicly available, including information developed in-house. The AMC, however,
Slide 29: Thank You
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