A

PROJECT REPORT
ON
A Comparative Study On Various Systematic Investment
Plan Offered By Baroda BNP Paribas Mutual Fund”

In partial fulfillment of the requirement of

MASTER OF BUSINESS ADMINISTRATION
In Rani Durgavati Vishwavidyalaya Jabalpur

Under The Guidance Of Submitted By

Prof. Krati Jain Anuj Kumar Jadhav
Semester III
Roll No. 22132295

SHRI RAM INSTITUTE OF MANAGEMENT

1
NEAR ITI MADHOTAL, JABALPUR
(M.P.)2022-2024
 SHRI RAM INSTITUTE OF MANAGEMENT,
JABALPUR (M.P.)

CERTIFICATE

This is to certify that Mr. Anuj kumar jadhav MBA III Sem
student of Shri Ram Institute Of Management entitled the
project of “A Comparative Study On Various Systematic
Investment Plan Offered By Baroda BNP Paribas Mutual
Fund” which is being submitted here with for the practice of
Partial fulfillment of Masters in Business Administration RDVV
Jabalpur for the year 2022.
It has been duly completed as record of bonafide work in
practice of Finance, SRIM Jabalpur, (M.P.)

Date Principal
Dr. Atul Dubey

2
 SHRI RAM INSTITUTE OF MANAGEMENT,
JABALPUR (M.P.)

CERTIFICATE

This is to certify that the Project Report entitled “A

Comparative Study on Various Systematic Investment Plan
Offered by Baroda BNP Paribas Mutual Fund” which is
being submitted herewith for the award of the degree of Masters
in Business Administration, RDVV Jabalpur Anuj Kumar
Jadhav MBA III Sem under my supervision and guidance.

Date: (Guide)
Place: Jabalpur Prof. Krati Jain

3
 SHRI RAM INSTITUTE OF MANAGEMENT,
JABALPUR (M.P.)

DECLARATION
I Anuj Kumar Jadhav do hereby declare that the project
entitled “A Comparative Study on Various Systamatic
Investment Plan Offered by Baroda BNP Paribas Mutual
Fund” is an original work carried out by me under the guidance
of Prof. Krati Jain in partial fulfillment of Master Of Business
Administration during academic year, All the data represented in
this project is true and correct to the best of my knowledge and
belief.

Place: JABALPUR ANUJ KUMAR JADHAV

Date:

4
 ACKNOWLEDGEMENT
It gives me pleasure in expressing my heartfelt gratitude and
indebtedness for the kind blessing showered upon me by
honorable Chairman Mr. R. Karsoliya Shri Ram Group of
Institutions of Jabalpur (M.P.)
I would like to express my gratitude towards Principal Dr. Atul
Dubey (SRIM), Jabalpur for their kind cooperation and
encouragement which help me to completing the project.
I am highly indebted to Prof. Krati Jain for his/her guidance
and constant supervision as well as for providing necessary
information regarding the project and also for support in
completing the project.
I am thankful to all the faculty members of Shri Ram Institute
of Management for their help and valuable suggestion.

Date Anuj Kumar Jadhav

Place: MBA III SEM

5
 TABLE OF CONTENT
S.NO Topic Page.No.
1 Executive summary
2 Introduction (conceptual Background)

3 Company Profile
4 Objectives of the Study

5 Research Methodology
6 Data Analysis and Interpretation
7 Findings and Suggestions

8 Conclusions
9 Bibliography

10 Annexure

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 Executive Summary
Mutual funds have emerged as a strong financial intermediary
and are the fastest growing segment of the financial services
sector in India. Mutual funds play a very significant role in
channelizing the saving of millions of individuals. A mutual
fund is the most suitable investment for the common person as it
offers an opportunity to invest in a diversified, professionally
managed portfolio at a relatively low cost. There are wide
varieties of mutual fund schemes that fulfill to investors needs.

SIP (systematic investment plan) is a method of investing a

fixed sum, regularly, in a mutual fund. It is similar to regular
saving schemes like a recurring deposit. SIP allows you to buy
units on a given date each month, so that you can device an
investment plan for yourself.

Mutual Funds have not only helped family’s tap into the
success of Indian Industry but have also contributed to the India
growth story. As information and awareness is rising more and
more people are enjoying the benefits of investing in mutual
funds.

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8
 INTRODUCTION
A systematic investment plan (SIP) is good tool that retail
investors can utilize to optimize their investment strategy. SIP is
nothing but a simple method of investing a fixed sum of money
in a specific investment scheme. On a regular basis, for a pre-
determined period of time. A recurring deposit with the post
office or a recurring deposit with a bank also a SIP. Systematic
investment plan was already famous and proven in mutual fund
context but now SIP has also come directly into equity stocks
which are essentially individual stocks. Equity SIP is a new
facility through which you can buy a script for a regular interval
over a period of time for specified amount or for a specified
quantity. Investing in mutual fund is not everybody’s cup of tea.
Being dependent on factors such as a fluctuating stock market
and risking your hard-earned money for a measly profit does not
really help. If you are a disciplined investor however, and are
interested in mutual funds, then the equity systematic investment
plan (SIP) would work well for you.
SIP requires you to invest a particular amount in a specific
mutual fund scheme. In comparison, it functions must like a
recurring deposit. You can plan a savings scheme for yourself
and commit a particular sum of money each month on a pre-
fixed date to the scheme. You can begin with as low as Rs 500
in ELSS (equity linked saving schemes) schemes and move on
to Rs 1000 a month for other diversified schemes. SIP follows a

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simple mantra – buy when high and sell when low. This is a
simple way to win in the stock markets.
However, the market needs to be timed well and this will take
some time to figure out for the novice or busy player. That's
where SIP with its monthly pay scheme comes into the picture.
Putting in a sum of money each month will ensure that you have
something in when the market is high, and when it is low
securing your position in an unstable market.
How SIP Works?
Before you set up your SIP, there are a few essentials you need
to know about how SIP works. There are four stages to investing
in SIP from the beginning to the point where your funds are
invested in a mutual fund scheme:
Select a mutual fund scheme
As your first step in the SIP investment journey, you need to
select a mutual fund scheme you want to invest in. If you need
some help with choosing a mutual scheme, take a read through
our primer on how to choose a mutual fund.
Select the investment frequency
The next step in your SIP investment journey is to choose an
investment frequency you feel comfortable with. The most
common choice, especially among salaried investors, is a
monthly frequency since they receive their salary monthly.
However, if you have reasons to select a different frequency,
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you may choose to invest weekly, quarterly, semi-annually, or
annually.
Set up SIP with a mutual fund scheme
Setting up your SIP is a simple process once you’ve picked a
mutual fund. On ET Money, go to your chosen mutual fund, and
click on invest. If you’re a first-time investor, complete your
KYC and enter the bank details along with your SIP
contributions and frequency, and you’re done. The process has
been illustrated in detail in a later section.
Automatic debits and unit allotment based on NAV
Once everything is set up, money will be debited from your
registered bank account. It will be debited each month based on
the date you selected while setting up the SIP. This is an
automated process. The funds will keep debiting from your bank
account based on the frequency you entered while setting up the
SIP.
After the money is debited, you’ll soon receive
acknowledgement about your funds being invested. The
acknowledgement also includes the number of units you’ve been
allotted based on the NAV (net asset value). The number of
units allotted for each contribution may differ because the NAV
changes every day.

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Understand SIP With an Example
Let us assume that you want to start an SIP for Rs. 5,000 every
month to invest in a mutual fund ‘A”. The present value (NAV)
of the mutual fund is Rs. 50 per unit, so you will get 100 units of
the fund.
Month Investment Present Units Total
amount value Allocated units
0 Rs. 5,000 Rs. 50 100 100
1 Rs.5,000 Rs. 40 125 125+100
=225
2 Rs. 5000 Rs.52.6 90 225+90
=315
3 Rs.5000 Rs.100 50 315+50
=365
Similarly based on the NAV of the mutual fund, the units
allocated will change each month, and get added to your
portfolio. This change in NAV also impacts you investment

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amount. Thus, an SIP helps mitigate the risk of market volatility
and achieve the investor’s long term financial goals.

Benefits of SIPs
 Rupee-cost averaging, through regular fixed investments,
helps reduce the impact of market volatility on your portfolio
by buying more units when markets are low and fewer when
they are high.
 SIP benefits from professional fund management, potentially
leading to better results than individual stock picking.
 SIP promoted financial discipline by encouraging consistent,
fixed investments over time.
 SIP leverages the power of compounding, reinvesting returns
to boosts your portfolio’s value over time.

What is NAV?
NAV full form stands for Net Asset Value. It represents the
market value per share for a particular mutual fund. It is
calculated by deducting the liabilities from total asset value
divided by the number of shares. One needs to gather the market
value of a portfolio and divide it by the total current fund unit
number to determine the price of each fund unit.
Most of the time, the unit cost of mutual funds begin with Rs.10
and increase as the asset under the funds grow. Going by this
rule, the more popular a mutual fund is, the higher is its NAV.

13
The net value of an asset is most commonly used in case of
open-end funds. With these investments, the interest and shares
do not get traded between shareholders.
NAV helps determine which investment one might choose to
withdraw or keep in their investment portfolio by providing a
reference value. Now that you know what is NAV meaning in
mutual fund, let’s understand its formula.

Net Value of an Asset = (Total Asset – Total Liabilities)/ Total

Outstanding Shares

Features of SIP to Investors

Systematic Investment Plan is beneficial to investors but only
with the instalments feature? No, there are several benefits to the
investors that SIP offers, here are some

*Safe Investment
Mutual funds are a great way to start an investing career. If one
does not know about stocks and shares, a Mutual fund is an
opportunity or an exposure to the equity market with minimal
risk. Besides, the money is invested periodically, making it
convenient for the investor and deducting directly from the
bank. It is a safe investment because the money is invested in
the mutual fund scheme that the investor decides.

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*Discipline and Organized
Systematic Investment Plan (SIP) makes the process more
disciplined and organized. Once the SIP is put in place, it
becomes more flexible to invest in it weekly, monthly or
quarterly basis depending on the scheme. This ensures the
investor is not drained on a financial basis and makes investing
much more convenient and flexible. The basic foundation of
mutual funds is a systematic or organized order of using money
and distributing it with interest. SIP works in order and in a
disciplined manner to comply with the convenience of the
investor. Although this is not limited to mutual funds, there is a
small difference in the stocks market where SIP helps in vesting
though the market is fluctuating. When the stock market hits
rock-bottom, SIP allocates the investor more units and allocates
lesser units when the market prices are high.
*Small payments
Most of the investments needs the investor to invest huge
amounts to get better and higher results. Besides, a few
investments are so high that it would not be possible for most
investors to invest in them. So, where does this huge number of
people invest in? Mutual funds are the option. Mutual funds SIP
option allows investors to invest as low as Rs.500, which is
affordable for the greater audience.
*Convenience

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Unlike most investments, investors who invest in SIP mutual
funds can find it convenient to invest because it is a hassle-free
process. Once the mutual fund is applied, all the investor needs
to do is ask the bank to enable auto-debits. The monthly,
weekly, or quarterly SIP is deducted directly from the bank
without any manual process. This is a great option for the
investors who are busy earning money and let the process be
automated. Apply and receive the interest in a timely manner.
*Power of Compounding
Compounding is when the interest earned is invested back in the
mutual fund for higher returns. Besides, the primary conduct
needs to stay invested for a longer time to ensure higher profits
and invest in the early stages.
The compounding effect magnifies the returns earned through
SIP and invests for a longer term. It ensures that the interest is
earned on the principal amount and the interest over a long
period. This is highly beneficial for investors who want to earn
more in the longer run.

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*Own more stocks in smaller quantities
Investors might want to invest in multiple stocks to diversify the
portfolios, and buying individual stocks might want the investor
to have a large surplus. This is not possible for all the investors,
but when the investors invest in mutual funds, they can own
multiple stocks in small quantities and at a lesser price.
*SIP can be stopped or skipped
One of the SIP benefits is it can be stopped anytime by opting
out of the SIP plan. This is one of the biggest benefits over

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recurring deposits, which fine when the investment is stopped.
Once the SIP is stopped, either the investor can return to the
amount or continue to invest in the mutual fund.
Besides, SIP offers an option to skip the payment. If the
investors has no balance in the account for SIP investment for a
particular month, he/she can continue with the SIP in the next
period without any problems or fines.

Types of SIP

Regular SIP
Regular SIPs are one of the most popular types of SIPs. Here,
you invest a fixed amount on a regular basis for a desired
investment period. You can make your SIP investment monthly,
bi-monthly, quarterly, or half-yearly. This is the simplest type of
SIP and all you need to do is to be disciplined in order to
accumulate your target corpus. Regular SIPs enable you to
accumulate a large corpus with small regular contributions.

Top-up SIP
Top-up SIP or Step-up SIP allows investors to increase their SIP
amount periodically. Many asset management companies have a
provision to step up SIPs. Choosing a step-up SIP adds more
flexibility to the recurring contributions and helps investors in
parking bigger amounts. In other words, when a investors
income increases, they can simultaneously increase their SIP
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contributions to save higher amounts. This will help them create
their investment corpus faster because of the power of
compounding. Therefore, it is advisable to choose SIP plans that
offer this facility to top up the investments.
Furthermore, one can step up their SIP plans in multiples of INR
500. For example, if an investor is investing INR 10,000 in a
mutual fund scheme and opts for a step-up every one year by
INR 1,000. The SIP amount from the 13 th month onwards will
become INR 11,000. A regular top-up of the mutual fund
investments will enable investors to generate their investment
corpus sooner. Moreover, it also helps in reducing the effects of
inflation on the maturity corpus.

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Flexible SIP
As the name suggests, a flexible SIP gives its investors the
opportunity to alter their investment amount. It is also known as
Flexi SIP or Flex SIP. One can intimate the fund house with the
changes in the SIP amount or contributions. However, the
intimation has to be gives at least a week before the deduction
date of the SIP instalment. Investors can adjust their SIP amount
based on their financial conditions, or market conditions. For
market conditions, there is a pre-decided formula that allows
investors to invest more when the markets are falling and reduce
the SIP amount when the markets are high
For example, if an investor is facing a cash crunch, they can
inform the fund house to halt their SIP payments until further
notice. This provides the investors to skip their SIP instalments
without defaulting. Similarly, if an investor has surplus cash,
they can increase their SIP amount for certain duration.
Therefore, as per the investor’s instructions, the fund house will
be able to adjust the SIP amounts.

Perpetual SIP
While filling the SIP application form, the investor has to select
the tenure of the SIP. If no tenure is specified, then the SIP
becomes a perpetual SIP. In other words, the SIP will continue
for duration until the investor provides instructions to the fund
house or the manager to stop the investments. Also, in case an
investor doesn’t wish to limit their contributions with a maturity
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tenure, they can voluntarily choose the perpetual SIP option in
the application form. This gives the investor an opportunity to
stay invested for longer durations and observe the market. And,
the future, they can decide to redeem at any time.

Trigger SIP
Trigger SIP is suitable only to those investors who are well
aware of the market dynamics and are sure of its movements. In
this type of systematic investment plan, it is very important to
know when to take the buy and sell positions. Under this type of
SIP, investors can set their SIP start date or redeem or switch
their SIP once the selected event occurs. The trigger can be set
to any event. For example, a favourable market event, or an
index level or NAV of the fund or capital appreciation or
depreciation. Also it is important to note that the trigger SIP is
recommended only for experienced investors as it incites
speculations. It is essential to have sound knowledge and
experience to set appropriate triggers effectively.

SIP with Insurance

A few asset management companies offer insurance cover if an
investor opts for long duration investments. The initial cover for
the insurance is usually ten times the first SIP amount and it
gradually increases with time. Also, this feature is available only
for equity mutual funds. It is important to note that term
insurance is just an add on feature and doesn’t have any impact
on the performance of the fund.
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Multi SIP
A multi SIP allows investors to start investing in multiple
schemes of a fund house through a single instrument. This helps
investors in diversifying their investment portfolio. Furthermore,
it also reduces the number of paperwork. Investors can give a
single form and payment instruction to start their SIP plans.

Advantages of SIP
Simplicity of choice
With SIP, you can start investing small amounts as small as
Rs.500 each month and watch it grow. A SIP is not only simple
and convenient to track, but also makes you save more.

Rupee Cost Averaging

The unique feature of SIP is the Rupee Cost Averaging, where
you buy more units when the market is low and buy less when
the market is high. This is because of the inherent feature of SIP,
where at every market correction, you will buy more, reducing
your cost of investment and higher gains.

Flexibility
SIP provides you with tremendous flexibility. Long term
commitments like investing in instruments like Public Provident
Fund or Unit Linked Insurance Plans can be avoided with SIP.

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These are open ended funds to be withdrawn as per your choice,
meaning they do not have a fixed tenor. You can either
withdraw the full or a partial amount from your investment,
without incurring any losses. The amount of investment is also
flexible. It can be increased or decreased. Just remember to have
a long investment horizon for wealth creation.

Higher returns
As compared to traditional fixed deposits or recurring deposits,
SIP provides double the returns. This can help you beat the
inflated costs.

Acts as an emergency fund

Being an open-ended fund without any tenor, you can withdraw
your SIP Investment as a contingent fund.

Disadvantages of SIP
Although they can help an investor maintain a steady saving
program, formal systematic investment plans have several
stipulations. For example, they often require a long-term
commitment. This can be anywhere from 10 to 25 years. While
investors are allowed to quit the plan before the end date, they
may incur hefty sales charges sometimes as much as 50% of the
initial investment if within the first year. Missing a payment can
lead to plan termination.

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Systematic investment plans can also be costly to establish. A
creation and sales charge can run up to half of the first 12
months’ investment. Also, investors should look out for mutual
fund fees and custodial and service fees if applicable.

Things to consider while Starting SIP

Investment goals
It’s best not to begin investing by calling “growing wealth” your
goal. Tie your investments to important milestones of your life
that may require a large amount of money for instance, a bigger
home, your child’s college, or your retirement. This will help
you keep tabs on your objectives, and performances of how each
of your investments are performing, and make it easier to take
corrective action when required.
Time horizon
Once you have a goal in mind, you know how many years you’d
want to achieve it. If you have a long time horizon, you could
take on more risk than if you had a short time horizon. If you’re
closer to retirement and don’t want to take on many risks, you
could stick to short-term mutual fund investments.
Risk appetite
Another aspect to consider is how much risk you are willing to
take. Assess the risk linked with the mutual fund by examining

24
the volatility of its returns. It’s important to verify that the
fund’s risk profile matches your personal risk tolerance. By
considering your risk tolerance, you can select SIP options that
match your financial goals.
Mutual fund category
Selecting a mutual fund category requires careful consideration
of your time horizon and risk tolerance. For those with a long
term outlook and higher risk tolerance, categories like focused
funds or small-cap funds offer the potential for greater returns.
Conversely, debt funds are suitable if you lean towards lower
risk or have a shorter time horizon. Hybrid funds might be ideal
for those seeking a balanced approach.
Trial runs your strategy
Once you’ve figured all the elements out, try to do a trial run for
your investment over your time horizon via an online calculator
to see how much you’ll generate as returns and how much your
maturity value will be. This will help your understand if your
investment strategy will actually help you achieve the goal
you’re investing for,
For simulating your returns, you could use an SIP calculator to
see how much you’ll generate given a certain amount of
monthly contribution made over a certain time and the expected
rate of return.

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 Factors affecting selection of Best Mutual Funds for
Systematic Investment Plans

While selecting the mutual funds for Systematic Investment

Plans, investors should set some selection criteria which
facilitate the selection of best Mutual Fund. First of all, the size
of the Asset under Management matters the most. Generally, the
asset size of Rs. 500-600 crore is assumed to be the benchmark
size for picking the mutual fund. Though the lower assets size
mutual funds can also be opted for investment but that comes
with the additional and unforeseen quality risks which investor
is willing to take. Second factor is the life of the Systematic
Investment Plan. If the tenure of the Systematic Investment Plan
is long, it is treated as the ideal investment. If the capital stays
invested as long as possible, it grows over the period of time and
the power of compounding effect multiplies the capital to result
into a significant sum at the end of the tenure of the investment.
Thus it is recommended to invest the capital on periodic bases
even if that is a little amount. And also to stay at least invested
for long time in case investing on periodic basis does not work
out. Third factor is the reputation of the fund manager. The
name of the fund manager is extremely crucial while deciding
on the mutual funds as their quality and ability to handle such
large funds could be assessed based on their reputation in the
market. The fund manager can be an individual or an institution.
Their experience to tackle the uncertainties, identifying the
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appropriate investment opportunities, managing hefty
investment funds through volatility of the market plays as a
determining role in picking the right mutual fund. Forth factor is
the self evaluation of the risk tolerance, financial objectives and
requirements. Based on which the selection of the Mutual Funds
depends. As one can go for those mutual funds where risk levels
and financial objectives match with investors risk-return profile.
Fifth and final factor is analyzing the fund quantitatively which
is by examining various aspects of the mutual funds such as
previous year’s performance, expense ratio, financial ratios, exit
load and lock in period.

SIP Calculator

A SIP calculator is a simple tool that allows individuals to get an

idea of the returns on their mutual fund investments made
through SIP. SIP investments in mutual funds have become one
of the most popular investment options for millennial lately.
These mutual fund SIP calculators are designed to give potential
investors an estimate on their mutual fund investments.
However, the actual return offered by a mutual fund scheme
varies depending on various factors. The SIP calculator does not
provide clarification for the exit load and expense ratio (if any)
This calculator will calculate the wealth gain and expected
returns for your monthly SIP investment. Indeed, you get a

27
rough estimate on the maturity amount for any of your monthly
SIP, based on a projected annual return rate.

Frequently Asked Questions

Does SIP have maturity?

No, SIPs do not have a fixed maturity period like other
investment options such as fixed deposits, PPF, etc. They are
ongoing investments in which you regularly invest and continue
for as long as you want. But as per the recent update by the
National Automated Clearing House (NACH), effective from

28
October 1, 2023, you can set SIP for a maximum duration of 30
years only.
What happens to SIP after maturity?
SIPs do not mature like traditional investment options, but you
can redeem them anytime, except ELSS funds. So, when you
redeem your SIP investment, you receive the corpus as per the
fund’s applicable NAV (Net asset value). However, there may
be an exit load, which asset management companies charge.
And, if you want to continue you SIP, Then you have to renew
your SIP.
Is SIP safe to invest in?
SIP is just a method to invest in a mutual fund scheme; SIP in
itself is not an investment product like FD, gold. So whether a
SIP is safe or not will depend on the scheme in which you are
investing.
Is SIP tax-free?
No, Mutual fund SIPs are not tax-free. If you sell your mutual
fund units at a profit, you will need to pay tax on your gains.
How much tax you need to pay depends on the scheme in which
you have invested and the period for which you held the mutual
fund units before selling them.
How to Stop SIP?

29
You can stop your SIP whenever you want. All you need to do is
go to the investment platform through which you are investing
and follow the instruction to cancel the SIP.
What are the charges associated with SIP investment?
When you invest in mutual funds via SIP, there are some
charges that you will have to bear. Some of these charges are:
Expense Ratio: It represents the asset management expense
charged by the fund houses for managing the mutual funds. It is
charged as a percentage of AUM (asset under management).
Exit Load: It is the fee charged by the fund houses when your
redeem your investments.

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31
 COMPANY PROFILE
Baroda BNP Paribas Mutual Fund is a joint venture between the
Bank of Baroda and BNP Paribas Asset Management Asia Ltd.
On October 11, 2019, these 2 companies came into a binding
agreement to merge their AMC and Trustee Companies. March
14, 2022, marked the period when the entities got merged
effectively. It has been stated that the Bank of Baroda (parent
company of Baroda AMC) will tend to hold a 50.1% stake in the
merged entity, while on the other hand, BNP Paribas AMC will
hold the remaining 49.9%. Currently, the representatives of the
merged AMC have a prominent presence across 90 Indian cities.
The Baroda BNP Paribas Mutual Fund offers approx 34 mutual
fund schemes which cover equity schemes, hybrid schemes, debt
schemes, etc. As of 31 March 2023, the company’s AUM stood
at Rs. 22,999.42 crores.

KEY INFORMATION
MUTUAL FUND: Baroda BNP Paribas Mutual Fund
SETUP DATE: 24-Nov-1992
INCORPORATION DATE: 05-Nov-1992
TRUSTEE: Baroda BNP Paribas Trustee IND PVT LTD
(formerly Baroda Trustee IND PVT LTD)
ASSET MANAGED: Rs. 29,785.90 crore (as on 30-sep-2023)

32
 ABOUT US

BARODA BNP PARIBAS MUTUAL FUND:

TOGETHER FOR MORE
Great partnerships could create synergies to make the ‘whole’
greater than the sum of its parts.
Bank of Baroda, one of India’s leading public sector banks, has
partnered with BNP Paribas Asset Management, the asset
management arm of BNP Paribas, a leading financial services
group in Europe with global reach, to form Baroda BNP
Paribas Mutual Fund.
 Baroda BNP Paribas Mutual Fund offered 34 mutual fund
schemes as of Feb 28th,2023
 Out of these, 10 are equity schemes, 6 are hybrid schemes,
17 are debt schemes, and one other.
 Baroda BNP Paribas Liquid Fund, Baroda BNP Paribas
Balanced Advantage Fund, Baroda BNP Paribas Balanced
Advantage Fund are the Company’s largest schemes in
terms of AUM as of Apr ’23.
 The company is backed by a combined legacy of 300+
years from both the stakeholders.

Documents required to invest in Baroda BNP

Paribas Mutual Fund
33
 The documents for KYC (Know Your Client) include proof of
address and Proof of identity. Here is a list of officially valid
documents admissible.

PROOF OF IDENTITY
 Pan card (Mandatory)
 Voter ID Card
 Driving License
 Passport
 Aadhaar Card

PROOF OF ADDRESS
 Adhaar Card
 Bank account statement or bank passbook

Our Schemes
 Baroda BNP Paribas Large Cap Fund
 Baroda BNP Paribas Small Cap Fund
 Baroda BNP Paribas Large and Mid Cap Fund
 Baroda BNP Paribas Mid Cap Fund
 Baroda BNP Paribas Multi Cap Fund
 Baroda BNP Paribas Balanced Advantage Fund
 Baroda BNP Paribas Value Fund etc...

34
 SIP Performance of Equity Scheme
(As on September 29, 2023)
If Investor had invested Rs.10, 000 on the first working day of
every month. The valuation that are mentioned as on September
29, 2023.
Baroda BNP Paribas Large Cap Fund
SIP Last 1 Last 3 Last 5 Last 10 Since
Investment year SIP year SIP year SIP year SIP inception
Total amount 120,000 360,000 600,000 1,200,000 2,290,000
invested
Market Value 131,939 441,784 885,656 2,385,167 9,427,585
as on month
End
Scheme 19.14% 13.80% 15.60% 13.18% 13.23%
Return
(%CAGR*)
Nifty 100 TRI 15.14% 12.73% 15.27% 13.36% 13.10%
(%CAGR*)

35
36
 OBJECTIVES OF THE STUDY
 To study Factors Affecting Systematic Investment Plan in
Mutual Fund with Special Reference To Customer of Baroda
BNP Paribas Mutual Fund.
 To know the Customers awareness about Systematic
Investment Plan.
 To identify factor considered by investors while investing in
Baroda BNP Paribas mutual fund
 To study the which schemes are chosen by investor for
investing money in Baroda BNP Paribas mutual fund
 To study about preference of investors for entry into mutual
fund
 Systematic investment plan
 Lump-sum

37
38
 Research Methodology
5.1 Problem Statement:
A Comparative Study On Various Systematic Investment Plan
Offered By Baroda BNP Paribas Mutual Fund.
5.2 Research Design:
Descriptive Research Design
5.3 Sample Design:
For the Purpose of my study I used simple random sampling.
5.4 Sample Size
In Sample size I have taken 250 samples as a sample size.
5.5 Data Collection
There are two types of Data.
1) Primary Data
For the purpose of the study, primary data is collected by
questionnaire.
2) Secondary Data
There are some secondary data collected from internet and
websites to collect the proper information and the industry
details about mutual fund.
5.6 Scope of Research

39
This project will help existing/prospective investor to
understand what the various mode of investment in mutual fund
are and why systematic investment plan gives better returns than
lump-sum. So that investors can do better use of their hard
earned money to earn more profit.
5.7 Tools used for Data Analysis
 MS Excel
5.8 Limitations
- The study is limit up to Jabalpur city
- Possibility of error in data collection because many respondent
may have not given actual answer of the questionnaire.
- Responses received may be inaccurate because of internet bias
by the respondents.

40
41
 DATA ANALYSIS

Gender-
Frequency Percent ValidPercent CumulativePercent

Valid male 177 70.8 70.8 70.8

female 73 29.2 29.2 100.0

Total 250 100.0 100.0

Interpretation:
The above chart indicates that Out of 250 respondents 177
respondents are male and73 respondents are female.

42
Occupations
Frequency Percent ValidPercent CumulativePercent

Valid Salaried 48 19.2 19.2 19.2

business 84 33.6 33.6 52.8

Student 79 31.6 31.6 84.4

housewife 24 9.6 9.6 94.0

Retired 15 6.0 6.0 100.0

Total 250 100.0 100.0

Interpretation:
The above chart indicates out of 250 respondents 48 respondents
are salaried, 84 respondents are businessman, 79 respondents are
students, 24 respondents are housewife 15 respondents are
retired.

43
Income of other Respondents
Frequency Percent ValidPercent CumulativePercent

Valid 1-2lakhs 72 28.8 28.8 28.8

2-3lakhs 37 14.8 14.8 43.6

3-4lakhs 51 20.4 20.4 64.0

4-5lakhs 33 13.2 13.2 77.2

5lakhandabove 57 22.8 22.8 100.0

Total 250 100.0 100.0

Interpretation
The above chart indicates that out of 250 respondents, 72
respondents income are 1-2 lakh, 37 respondents income are 2-3
lakh, 51 respondents income are 3-4 lakh, 33 respondents
income are 4-5 lakh, 57 respondents income are 5 lakh and
above, majority respondent have a 1-2 lakh income.

44
 Q1.Do you regularly invest in mutual fund?

Percent ValidPercent CumulativePercent

Valid yes 180 72.0 72.0 72.0

No 70 28.0 28.0 100.0

Total 250 100.0 100.0

Interpretation:

The above chart indicates that out of 250 respondents 180

respondents are regularly invest in mutual fund and 70
respondents are not regular invest in mutual fund.

45
 Q2.Which way of investment in mutual fund you select?

Frequency Percent Valid Percent Cumulative Percent

Valid lump-sum 106 42.4 42.4 42.4

Systematic investment plan 144 57.6 57.6 100.0

Total 250 100.0 100.0

Interpretation:
The above chart indicates that out of 250 respondents 106
respondents are invest in lump-sum payment and 144
respondents are invest in Systematic Investment Plan. Majority
respondents are choose systematic Investment Plan for invest
money.

46
Q3. Which is the primary source of your knowledge about
mutual fund as an investment option?
Frequency Percent Valid Percent Cumulative Percent

Valid Television 27 10.8 10.8 10.8

Internet 93 37.2 37.2 48.0

newspaper/journals 62 24.8 24.8 72.8

friends/relatives 51 20.4 20.4 93.2

Sales representatives 17 6.8 6.8 100.0

Total 250 100.0 100.0

Interpretations:
The above chart indicates that out of 250 respondents 27
respondents primary source of knowledge are television, 93
respondents primary source of knowledge are internet, 62
respondent primary source of knowledge are
newspaper/journals, 51 respondent primary source of knowledge
are friends/relatives, 17 respondent primary source of
knowledge are sales representatives. Majority respondents are
primary source is internet.

47
Q4. Where do you find yourself as a mutual fund investor?
Frequency Percent Valid Percent Cumulative Percent

Valid Partial knowledge of mutual funds 73 29.2 29.2 29.2

aware only of any specific scheme in 130 52.0 52.0 81.2

which you invested

Fully aware 47 18.8 18.8 100.0

Total 250 100.0 100.0

Interpretation:
The above chart indicates that out of 250 respondents 73
respondents are find yourself as a partial knowledge of mutual
fund, 130 respondents are find yourself as aware only of any
specific scheme and 47 respondents are fully aware.

48
Q5. By Structure in which type of scheme did you invested?
Frequency Percent ValidPercent CumulativePercent

Valid Open-ended fund 78 31.2 31.2 31.2

Close-ended fund 118 47.2 47.2 78.4

Interval schemes 54 21.6 21.6 100.0

Total 250 100.0 100.0

Interpretations:
The above chart indicates that are 250 respondents 78
respondents are invest in open-ended fund, 118 respondents are
invest in close-ended fund, and 54 respondent are invest in
interval scheme. Majority respondent are invest in close-ended
fund.

49
Q6. By investment objectives in which type of schemes have
you invested?
Frequency Percent Valid Percent Cumulative Percent

Valid Growth schemes 66 26.4 26.4 26.4

Income schemes 128 51.2 51.2 77.6

Balanced schemes 56 22.4 22.4 100.0

Total 250 100.0 100.0

Interpretation:
The above chart indicates that out of 250 respondents 66
respondents are invest in growth scheme, 128 respondents are
invest in income scheme, 56 respondent are invest in balanced
schemes. Majority respondents are invest in income schemes.

50
Q7. What percentage of your earnings do you invest in
mutual funds?
Frequency Percent ValidPercent CumulativePercent

Valid Upto10% 48 19.2 19.2 19.2

Upto25% 112 44.8 44.8 64.0

Upto50% 65 26.0 26.0 90.0

Above50% 25 10.0 10.0 100.0

Total 250 100.0 100.0

Interpretation:
The above chart indicates that out of 250 respondents 48
respondents are invest up to 10% of his income, 112 respondents
are invest up to 25% of his income, 65 respondents are invest up
to 50% of his income and 25 respondents are invest up to 50%
of his income.

51
Q8. According to you what is the average return from
mutual fund?
Frequency Percent ValidPercent CumulativePercent

Valid 10-20% 39 15.6 15.6 15.6

20-30% 53 21.2 21.2 36.8

30-40% 88 35.2 35.2 72.0

40-50% 46 18.4 18.4 90.4

morethan50% 24 9.6 9.6 100.0

Total 250 100.0 100.0

Interpretation:
The above chart indicates that out of 250 respondents 39
respondents are get 10-20% of average return from mutual fund
investment, 53 respondents are get 20-30% of average return
from mutual fund investment, 88 respondents are get 30-40% of
average return from mutual fund investment, 46 respondents are
get 40-50% of average return from mutual fund investment, 24
respondents are get more than 50% of average return.

52
Q9. What is your investment horizon?
Frequency Percent ValidPercent CumulativePercent

Valid 1year 29 11.6 11.6 11.6

2year 62 24.8 24.8 36.4

3year 89 35.6 35.6 72.0

4year 28 11.2 11.2 83.2

morethan4 42 16.8 16.8 100.0

Total 250 100.0 100.0

Interpretation:
The above chart indicates that out of total 250 respondents, 29
respondents time horizon of investment is 1 year, 62 respondents
time horizon of investment is 2 years, 89 respondents time
horizon of investment is 3 years, 28 respondent time horizon of
investment is 4 year, 42 respondent time horizon of investment
is more than 4 year.

53
54
 FINDINGS
The findings of the study provides some information that the
total sample of 250 systematic Investment plan Offered by
Baroda BNP Paribas Mutual Fund.
 The Comparative Study On Various Systematic
Investment Plan Offered By Baroda BNP Paribas Mutual
Fund Out of 250 respondents 177 respondents are male
and 73 are female.
 In Study of this project majority investor are a
businessman.
 In Study of this project 57 respondent income are 5 lakh
and above.
 Out of 250 respondent majority respondent are regularly
invest in Mutual Fund.
 Out of 250 respondent majority respondent are invest in
systematic investment plan.
 Most of peoples are aware source by internet. Out of 250
respondent 93 people are source of internet.
 In this study out of 250 respondent only 47 respondent are
fully aware and other respondent are aware only specific
scheme and partial knowledge of mutual fund.
 Out of 250 respondent majority 118 respondent are invest
in close-ended fund.
 Out of 250 respondent less people are invest in balanced
schemes.

55
 Majority respondent are invest up to 25% of his income.
 Out of total 250 respondents, 39 respondent are get 10-
20% of average return from mutual fund investment, and
24 respondent are get more than 50% of average return.
 89 respondents are investment time horizon is 3 year.
 In study of this project each factor are different score,
different dimension and different mean.

SUGGESTIONS
 The Various Systematic Investment Plan offered By
Baroda BNP Paribas Mutual Fund should have been taken
place in such a way, so that the personal level of
satisfaction of clients have been checked.
 Spread your investment across various sectors to reduce
risk.
 Define your financial goal, whether it’s long-term wealth
creation, retirement planning, or a specific target.
 Tailor SIP portfolios based on investor’s risk profiles and
financial goals.
 Implement educational programs to enhance investor
awareness about SIPs and long-term wealth creation.
 Encourage investors to periodically review their SIP
portfolios and make adjustments based on changing
market conditions or financial goals.

56
 CONCLUSION

Systematic Investment Plan (SIP) is the winning strategy in

present market scenario, Small investors can make his or her
investment in equity fund through the monthly or quarterly of in
multiple of 500, 1000, 1500, 2000….. Small investor can enjoy
the volatility (ups and down) by investing regularly. Old
investment in stock market is in present time showing losses
even through SIP investment RETURN is far better in
comparison of ONE TIME INVESTMENT at this present
downtrend one can investment is balanced fund schemes. An
SIP may not be able to lower the average purchase cost if equity
market rise in a secular manner.

57
 BIBLIOGRAPHY
1. Everything You Wanted to Know About Investing in Mutual
Funds by Deepa Venkatraghvan, CNBC TV 18 2012 1st edition.
2. Indian Mutual Fund Handbook: A guide for industry
professional and intelligent investors by Sunder Sankaran,
Vision Book 2012 3rd edition.
3. Security Analysis and Portfolio Management by
Ranganatham and R. Madhumati’s
4. Systematic Investment Plan by CNBC NETWORK TV
5. www.barodabnpparibasmf.in
6. www.scribd.com
7. www.investopedia.com
8. www.moneycontrol.com
9. www.etmoney.com
10. www.policybazaar.com

58
 ANNEXURE

QUESTIONNAIRE:
This questionnaire is purely for academic purpose. Any
information collected through this survey is confidential and
would not be shared with anyone other than the people involved
in this.
1) Name : ................................................................
2) Address : .............................................................
Answer the following questions:
1. Do you regularly invest in Baroda BNP Paribas mutual
fund?
 Yes
 No
2. Which way of Investment in Baroda BNP Paribas mutual
fund you select?
 Lump-sum
 Systematic Investment Plan
3. Which are the Primary Sources of your knowledge about
Baroda BNP Paribas mutual fund as an investment option?

 Television
59
  Internet
 Newspaper
 Friends/ Relatives
4. Where do you find yourself as a mutual fund investor?
 Partial knowledge of mutual fund
 Aware only of any specific scheme in which you
invested
 Fully aware
5. By structure in which type of scheme did you invested?
 Open-ended schemes
 Close-ended schemes
 Interval schemes
6. By Investment objective in which type of scheme have you
invested?
 Growth scheme
 Income scheme
 Balanced scheme
7. What percentage of your earnings do you invest in Baroda
BNP Paribas Mutual fund?
 Up to 10%
 Up to 25%
 Up to 50%

60
  Above 50%
8. According to you what is the average return from Baroda
BNP Paribas Mutual fund?
 10-20%
 20-30%
 30-40%
 40-50%
 More than 50%
9. While investing your money, how this factors affect your
decision? (Strongly disagree, disagree, neutral, agree, strongly
agree)
 Liquidity
 High return
 Professional Management
 Diversification
 Brand image
 Risk
 Safety
10. What is your investment horizon?
 1year
 2year
 3year
 4year

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