BNP Paribas Asset Management is the mutual fund management arm of one of the leading financial institutions in the world, BNP Paribas. It has a firm hold on the investment market in the Asia-Pacific region, including the Indian subcontinent, where it operates by the name of BNP Paribas Mutual Fund.
The mother company, BNP Paribas, is over a century and a half old and is one of the earliest financial institutions of Europe. BNP Paribas Asset Management is relatively new to the mutual fund market, having been formed in 1980. Its Indian wing commenced operations in 2002.
In this relatively short span of time, BNP Paribas Asset Management has made a profound impact on the investment market. Currently, they advise and manage assets approximately worth Rs. 42 trillion. They have a truly global presence in over 30 countries, dominating the American, Europe and Asia-Pacific. They have 3,000 strong teams, out of which 900 are located in the Indian wing alone.
BNP Paribas Asset Management is one of the first organisations to integrate ESG analysis, and they manage assets worth over Rs. 17 trillion, which comply with the report. They have a wide range of investment solutions cutting across a broad spectrum of asset types and locations.
BNP Paribas Mutual Fund, their Indian investment wing, was set up in 2004 under the sponsorship of BNP Paribas Asset Management Asia Limited. As of May 2022, they manage assets worth Rs. 7837.4 Crore spread across 72 schemes.
About BNP Paribas
The foundation of BNP Paribas can be traced back to the 19th century when banking as an industry was in its nascent stages. BNP Paribas has 4 banking institutions in its DNA. The Banque Nationale de Paris S.A. (BNP) was formed when two French banks, BNCI and CNEP merged in 1966. CNEP can be said to be the precursor of BNP Paribas. It was established in March 1848 by the then French Provisional Government as a countermeasure to the financial instability caused by the February 1848 revolution.
Paribas, or Banque de Paris et des Pays-Bas S.A, was formed a few decades later in 1872 when two investment banks merged.
BNP and Paribas were separate entities till 2000 when they merged to form BNP Paribas, one of the largest financial institutions in the world. In terms of total assets, BNP Paribas ranks 8th in the world. It is the largest bank in the Eurozone, with over €2 trillion in net assets.
Interestingly, BNP Paribas was the first significant financial organisation to identify and acknowledge the sub-prime crisis, which would balloon into a full-blown economic crisis in the following months. On 9 August 2007, they withdrew 2 funds that were exposed to the impact of the crisis. Many financial experts view this day as the beginning of the financial crisis of 2007-08.
In 2010, BNP Paribas acquired a majority stake in the Fortis Bank group, which brought in their investment portfolios under the French conglomerate.
List of Bnp Paribas Mutual Funds in India
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
| Baroda BNP Paribas Aggressive Hybrid Fund | Hybrid | Very High | -0.9% | 5 | ₹768 |
| Baroda BNP Paribas Large Cap Fund | Equity | Very High | -2.6% | 5 | ₹1,327 |
| Baroda BNP Paribas Fund | Other | Very High | -16.4% | 5 | ₹84 |
| Baroda BNP Paribas India Consumption Fund | Equity | Very High | 2.6% | 4 | ₹943 |
| Baroda BNP Paribas Conservative Hybrid Fund | Hybrid | Moderately High | 1.7% | 4 | ₹511 |
| Baroda BNP Paribas Midcap Fund | Equity | Very High | -0.3% | 3 | ₹1,201 |
| Baroda BNP Paribas Focused Fund | Equity | Very High | -1.3% | 3 | ₹270 |
| Baroda BNP Paribas ELSS Fund | Equity | Very High | -7.1% | 3 | ₹687 |
| BNP Paribas Short Term Fund | Debt | Moderate | 5.3% | 3 | ₹248 |
| Baroda BNP Paribas Low Duration Fund | Debt | Moderate | 3.8% | 3 | ₹197 |