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NFO Review PNB paribas global technology fund

NFO Review: BNP Paribas Global Innovative Technology Fund

by Holistic Leave a Comment | Filed Under: Mutual Funds

One of the reputed asset management companies, BNP Paribas, is expected to launch its NFO “BNP Paribas Global Innovative Technology Fund”.

Is BNP Paribas Global Innovative Technology Fund a good fund to invest?

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The NFO issue is scheduled to open on 16 August, 2019. One interesting thing about this NFO is that it is an international equity fund. That is, the fund aims capital appreciation by investing predominantly in the international fund “Parvest Disruptive Technology Fund”

Let’s see what this fund has to offer—its risks and other insights in this review of BNP Paribas Global Innovative Technology Fund.

Features of BNP Paribas Global Innovative Technology Fund

    Fund Name: Global Innovative Technology Fund
    Fund House: BNP Paribas
    Issue Opens On: 16 August, 2019.
    Issue Closes On: 30 August, 2019.
    Fund Type: Open-ended Fund
    Fund Category: Equity: International
    Master Fund: Parvest Disruptive Technology Fund.
Basic Investment Details
Available Plans Growth & Dividend
Benchmark MSCI World Net Return
Riskometer High
Minimum Investment ₹5000
Minimum Additional Investment ₹1000
Minimum SIP Investment ₹300
Minimum Instalments 20
Minimum SWP ₹1000
Exit Load 1% (for redemption within 365 days)


Quick Review of BNP Paribas Mutual Fund Amc

BNP Paribas Mutual Fund is one of the early AMCs in India. It was setup in the year 2004.

Mr Sharad Kumar Sharma is the CEO of BNP Paribas Mutual Fund. At present, BNP Paribas Mutual Fund has 24 schemes under its name.

It has an AUM of ₹7,243.52 crores as of first quarter end of 2019-20 (June-30-2019). Out of these 24 schemes, 8 of them have outperformed their indexes in the last quarter. That is, one-third of all their schemes are outperforming.

BNP Paribas Global Innovative Technology Fund will be joining the list of schemes when the issue opens on 16 August, 2019.

The BNP Paribas Global Innovative Technology Fund will be co-managed by fund managers Mr Abhijeet Dey and Mr Karthikraj Lakshmanan.

Both of the fund managers are already managing multiple schemes from the fund house BNP Paribas Mutual Fund.

Let us review their performance and how they are delivering for BNP Paribas Mutual Fund.

Fund Managers: Common Fund Performance Review

The fund managers Mr Abhijeet Dey and Mr Karthikraj Lakshmanan are co-managing 7 existing funds of the BNP Paribas Mutual Fund.

One such fund co-managed by the same fund managers is the BNP Paribas Multi Cap Fund. So as to understand how these fund managers’s will perform let us analyse on the funds managed by them in detail.

Let’s see the basic details of the fund before we jump into the review of BNP Paribas Multi Cap Fund performance.

BNP Paribas Multi Cap Fund
Fund Category Equity: Multi Cap
Benchmark NIFTY 500 TRI
Riskometer Moderately High
Launch Date Sep 15, 2005
Return Since Launch 11.62%
AUM ₹745 crores
*Data as on June 30, 2019


Following table shows the CAGR of the BNP Paribas Multi Cap Fund in comparison to its Benchmark index and the fund category.

Trailing Returns YTD 5 Year 10 Year
Fund 2.38% 9.67% 14.54%
Benchmark 1.43% 9.47% 11.56%
Category 1.73% 9.80% 12.67%
*Data as on July 22, 2019


The BNP Paribas Multi Cap Fund has outperformed the benchmark index at all times since the 5 year mark. However, the fund BNP Paribas Multi Cap Fund is not—the best—but one of the average performers in the category of similar funds.

Risk Analysis of BNP Paribas Multi Cap Fund

Understanding the risks has always been a tough job for any investor. What risk is good risk? Which one is bad risk? How to take a calculated risk while investing?

This risk analysis review of BNP Paribas Multi Cap Fund could help you find answers to those questions.

Risk Measures Std Deviation Beta Alpha
Fund 10.81% 1.00% -2.16%
S&P BSE 500 TRI 12.98% – –
Category 13.42% 0.95% -0.94%
*Data as on June 30, 2019


Reviewing Risk with Alpha:

Alpha values directly represent the performance of a fund manager(s). It is calculated by comparing a fund’s CAGR against the benchmark index’s performance.

Here, the BNP Paribas Multi Cap Fund has an alpha of -2.16%. That is, the actively managed fund is having a return 2.16% lesser than the benchmark index. This is a poor performance from the fund managers’ side.

It is advised that an actively managed fund which requires a fee should perform better than the index at any time. Alpha value greater than 1 is always desirable.

Reviewing Risk with Beta:

The beta value represents the volatility of the scheme with respect to its benchmark index’s volatility. Even though the beta value does not represent the performance of a scheme, a lesser value, lesser than index’s value 1, is good to have.

A greater beta value means it is open to higher risks and higher returns potential. Here, a beta value of 1% is not bad. However, in comparison to the alpha value, which is in negative, the fund is underperforming and not worth the risks.

Reviewing Risk with Standard Deviation:

Like Beta value, Standard Deviation also measures the volatility of a scheme, but with respect to its average return.

Here, the BNP Paribas Multi Cap Fund has an average return of 11.62% since launch. On the other hand, it has a standard deviation of 10.81%. There is a possibility that the fund can fluctuate between ± 10.81% from its average return value.

Even though it is lesser than the standard deviation value of the index and fund category average, it is still highly volatile. Ergo, the fund has higher risks and obviously for lower returns.

This could have given you an idea about the fund managers’s past track record. Let us move back to the review of BNP Paribas Global innovative technology fund.

Review: What Is Special About BNP Paribas Global Innovative Technology Fund?

One of the special things about BNP Paribas Global Innovative Fund is that it is an international equity fund.

Even though it is an international fund, it does not directly invest directly in international equities. Instead of investing directly in international holding companies, it will serve as a feeder fund for another international fund.

Axis NIfty 100

The investments in BNP Paribas Global Innovative Technology Fund will be redirected to feed the Parvest Disruptive Technology Fund, also by BNP Paribas.

Investing in international funds like Parvest Disruptive Technology Fund can increase the diversification of your portfolio by a huge number.

Review of Parvest Disruptive Technology Fund

The master fund—Parvest Disruptive Technology Fund invests predominantly in the companies that focus on innovative technology products.

These are the companies that are bringing about the technology revolution in several industries. It includes Healthcare, Automobile, Banking, Automation, Smart Home, etc.

As on 31 May, 2019: BNP Paribas Parvest Disruptive Technology Fund has 45 holdings in its portfolio—most of which are large and mid-cap companies from 23 developed countries. Some of the main holdings include: Apple Inc., Visa Inc., Amazon, Alphabet Inc.(Parent Company of Google Inc.), Cisco Systems Inc., etc.

Let’s see the calendar performance of Parvest Disruptive Technology Fund since launch in relation to its benchmark.

Calendar Performance 2014 2015 2016 2017 2018
Fund 27.88% 19.63% 10.64% 18.89% 7.93%
Benchmark 31.05% 17.18% 15.18% 25.04% -4.11%

The benchmark of the fund is MSCI World Net Return, which will be the same for BNP Paribas Global Innovative Technology Fund. The fund has a net asset of € 667 millions.

Review of Risks in Global Innovative Technology Fund

Even though the Parvest Disruptive Technology Fund invests in large and maid-cap companies in developed countries, the fund scores a very high risk.

This is due to multiple risks including:

Market Risks:

arising from market fluctuations which may result in capital loss.

Liquidity Risk:

arising from difficulty in selling an asset at fair price due to lack of buyers.

Operational and Custody Risk:

Since the fund invests in multiple international markets some of them may have regulation issues, this could increase the custody and liquidation services risks.

The same level of risk will directly reflect on the BNP Paribas Global Innovative Technology Fund.

It may also face risks due to policy changes by the Government or the regulations body of India with regards to international investments. In addition, the fluctuations in the currency value of the base currency of master fund and the Indian currency will also have impact on the CAGR value.

Should You Invest In BNP Paribas Global Innovative Technology Fund?

BNP Paribas Global Innovative Fund is in short only a feeder fund for Parvest Disruptive Technology Fund.

Even though this fund could give exposure to international holdings, they are not diversified. All of its funds are concentrated in technology sector. This lack of diversification tends to be extremely risky for an Indian investor. The reviewing of the existing common fund did not put the fund managers in the brightest light either.

Correlating all these facts and data, it is not advisable to invest in BNP Paribas Global Innovative Technology Fund.

Instead you can invest in diversified equity mutual fund schemes that have good track records over the years. For diversification of your portfolio you could consult a Certified Financial Advisor.

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I have been using Holistic Investment Planners for the last three years. Mr. Srinivasavaradhan answered all my questions and doubts very patiently during the first free consultation. I was able to clearly define my short-, medium- and long-term goals once I signed up for the comprehensive plan and got their investment plan suggestion to achieve my goals. They are very polite and highly professional whenever I contact them for any queries or make investments. They never pressurize you to invest on their recommended financial products. I would have been lost money by investing directly without their help since I do not have time and knowledge about different financial products. Risk planning is also done as part of financial planning. Truly, they are holistic planners when it comes to your financial planning. They help you to define your life goals, understand your financial resources and establish a plan to invest towards reaching those goals. They do review your plan as you progress to make sure that you are on correct path to achieve those goals. Kudos to the team and keep up the good work!!! I am happy that I found holistic investment planners for my financial planning and management.
aksaswadkar
aksaswadkar
24. September, 2021.
I was about to retire and really not understanding how to invest money to have financial freedom and fulfilling my goals. Was desperately searching on internet way out and fortunately came across Holistic Investment Planners. I read number of articles on their website and realized that this is the agency which I want and engaged their services for my retirement planning. It is an excellent experience to be associated with Holistic. Right from day one our interaction was fantastic and they gave me such a wonderful plan that I had never imagined. I am fortunate enough to be in the client list of Holistic. I have recommended Holistic to my friends as well.
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Financial planning brings peace in life. Holistic Investment have supported in arriving financial plan based on future goals. My investments are regular since then. They are professionals in their business, will recommend others.
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I have been using Holistic Investment Planners from last one year. The journey has been fantastic. Being a finance person myself I always thought we can look after and plan own finances also. However, due to lack of time and deciplain the things are not always as desired. After joining with Holistic Investment for the first time Icame to know the Financial goals and quantified them. Some dreams were unrealistic based on the earnings and savings so had a reality check. Also got the information and deciplain of investing on regular and more rewarding securities. I definetly suggest to use Holistic Investment Planners. They are professionals, available and hear youor full story before presenting plans. They are flexile in the sense if there are some urgent deviations required, they help to plan the same. For all professionals/individuals I would suggest using professional help of Holistic Investment Planners for best results in long term investment and financial goals achivements. Last advise will be to start early in your life. It really pays well to start in the beginning itself else the dreams needs to adjust :)
Swetha Vasanth
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This is my first year service with the Holistic Team and I would say that they are very much helpful in creating a financial plan and follow ups during the year. I would definitely suggest them if anyone who is willing to proceed with their savings professionally.
Joseph Mathias
Joseph Mathias
6. September, 2021.
I came to know about Holistic Investment Planners online while searching for different investment ideas. Once I contacted them the journey was very smooth. Mr. Ramalingam explained all the aspects of Financial planning in detail and it opened my mind. I realized how important it is to have a Financial planning. Mr. Rajan suggested all the requirements as per my goals and made a Investment plan keeping in mind of my goals. I started my Investment journey with them. I wish I had done it some years back then it would have been in a different level. Review meetings were held every six month to check the implementation of the plan and check the results as per the requirements and to check if any changes required. Overall it was a good experience with Holistic Investment team and would like to continue in the years to come.
Srinvas Kannan
Srinvas Kannan
30. July, 2021.
I came across Holistic investment planners almost 5-6 years back, but I did not have the trust since I had met a few of them who did not sound promising. Then I started investing through a financial advisor of my friend. After 4 years of investing the returns were very low. I was disappointed and started looking for financial advisors when I came across Holistic investment. I had a detailed discussion about my goals and the way they would approach achieving my goal before deciding to switch my investments to them. After a thorough analysis of my then existing portfolios, they suggested new ones and we zeroed-in on 6 schemes/funds where our investment would be split. I am glad I made the decision of switching over and taking Holistic planner's advise, my returns are handsome and I only wish I could have taken their help/advise 5 years back itself. Neverthless, I would like to recommend their services for investment and financial advise if someone is serious about their investments.
Shivaram Andiappan Selvaraj
Shivaram Andiappan Selvaraj
3. July, 2021.
I got a free first time consultation. I got my doubts resolved. They also gave additional advises for investment planning which was also useful.
Nellai B
Nellai B
26. June, 2021.
I have been associated with them for the past three years. They are very professional and polite in answering all our questions. I have complete trust in their suggestions. I strongly recommend for anyone. I am looking forward to have strong and successful association with them.
Google rating score: 4.4 of 5,
based on 61 reviews

Google Reviews

Jey S
Jey S
24. September, 2021.
I have been using Holistic Investment Planners for the last three years. Mr. Srinivasavaradhan answered all my questions and doubts very patiently during the first free consultation. I was able to clearly define my short-, medium- and long-term goals once I signed up for the comprehensive plan and got their investment plan suggestion to achieve my goals. They are very polite and highly professional whenever I contact them for any queries or make investments. They never pressurize you to invest on their recommended financial products. I would have been lost money by investing directly without their help since I do not have time and knowledge about different financial products. Risk planning is also done as part of financial planning. Truly, they are holistic planners when it comes to your financial planning. They help you to define your life goals, understand your financial resources and establish a plan to invest towards reaching those goals. They do review your plan as you progress to make sure that you are on correct path to achieve those goals. Kudos to the team and keep up the good work!!! I am happy that I found holistic investment planners for my financial planning and management.
aksaswadkar
aksaswadkar
24. September, 2021.
I was about to retire and really not understanding how to invest money to have financial freedom and fulfilling my goals. Was desperately searching on internet way out and fortunately came across Holistic Investment Planners. I read number of articles on their website and realized that this is the agency which I want and engaged their services for my retirement planning. It is an excellent experience to be associated with Holistic. Right from day one our interaction was fantastic and they gave me such a wonderful plan that I had never imagined. I am fortunate enough to be in the client list of Holistic. I have recommended Holistic to my friends as well.
Lionel Faber
Lionel Faber
16. September, 2021.
I've been availing their services for the past year. They are highly knowledgeable in the field and are very patient with all doubts and queries. Personalized financial planning is provided keeping your short term, medium term and long term goals in mind. They do not pressurize you to purchase schemes of their choice. They provide their input and suggestions and leave the decision up to you which shows their honesty and high principle.
Sridhar
Sridhar
8. September, 2021.
Financial planning brings peace in life. Holistic Investment have supported in arriving financial plan based on future goals. My investments are regular since then. They are professionals in their business, will recommend others.
Nitesh Agrawal
Nitesh Agrawal
6. September, 2021.
I have been using Holistic Investment Planners from last one year. The journey has been fantastic. Being a finance person myself I always thought we can look after and plan own finances also. However, due to lack of time and deciplain the things are not always as desired. After joining with Holistic Investment for the first time Icame to know the Financial goals and quantified them. Some dreams were unrealistic based on the earnings and savings so had a reality check. Also got the information and deciplain of investing on regular and more rewarding securities. I definetly suggest to use Holistic Investment Planners. They are professionals, available and hear youor full story before presenting plans. They are flexile in the sense if there are some urgent deviations required, they help to plan the same. For all professionals/individuals I would suggest using professional help of Holistic Investment Planners for best results in long term investment and financial goals achivements. Last advise will be to start early in your life. It really pays well to start in the beginning itself else the dreams needs to adjust :)
Swetha Vasanth
Swetha Vasanth
6. September, 2021.
This is my first year service with the Holistic Team and I would say that they are very much helpful in creating a financial plan and follow ups during the year. I would definitely suggest them if anyone who is willing to proceed with their savings professionally.
Joseph Mathias
Joseph Mathias
6. September, 2021.
I came to know about Holistic Investment Planners online while searching for different investment ideas. Once I contacted them the journey was very smooth. Mr. Ramalingam explained all the aspects of Financial planning in detail and it opened my mind. I realized how important it is to have a Financial planning. Mr. Rajan suggested all the requirements as per my goals and made a Investment plan keeping in mind of my goals. I started my Investment journey with them. I wish I had done it some years back then it would have been in a different level. Review meetings were held every six month to check the implementation of the plan and check the results as per the requirements and to check if any changes required. Overall it was a good experience with Holistic Investment team and would like to continue in the years to come.
Srinvas Kannan
Srinvas Kannan
30. July, 2021.
I came across Holistic investment planners almost 5-6 years back, but I did not have the trust since I had met a few of them who did not sound promising. Then I started investing through a financial advisor of my friend. After 4 years of investing the returns were very low. I was disappointed and started looking for financial advisors when I came across Holistic investment. I had a detailed discussion about my goals and the way they would approach achieving my goal before deciding to switch my investments to them. After a thorough analysis of my then existing portfolios, they suggested new ones and we zeroed-in on 6 schemes/funds where our investment would be split. I am glad I made the decision of switching over and taking Holistic planner's advise, my returns are handsome and I only wish I could have taken their help/advise 5 years back itself. Neverthless, I would like to recommend their services for investment and financial advise if someone is serious about their investments.
Shivaram Andiappan Selvaraj
Shivaram Andiappan Selvaraj
3. July, 2021.
I got a free first time consultation. I got my doubts resolved. They also gave additional advises for investment planning which was also useful.
Nellai B
Nellai B
26. June, 2021.
I have been associated with them for the past three years. They are very professional and polite in answering all our questions. I have complete trust in their suggestions. I strongly recommend for anyone. I am looking forward to have strong and successful association with them.
Google rating score: 4.4 of 5,
based on 61 reviews

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