BNP Paribas Midcap has fallen only 7.56 pc compared with category's -14.61 pc

BNP PARIBAS MIDCAP has fallen only 7.56 per cent compared with the category's -14.61 per cent.

FUND FACTS

INCEPTION: April 2006
CATEGORY: Equity Mid and Small Cap
TYPE: Open-ended
AUM: Rs 42.85 crore
BENCHMARK INDEX: CNX Midcap

WHAT IT COSTS

NAV: Rs 10.94 (G), Rs 10.90 (D)
MIN INVESTMENT: Rs 5,000
MIN SIP AMOUNT: Rs 500
EXPENSE RATIO: 2.76 per cent
EXIT LOAD: 1 per cent for redemption within 365 days


WHO SHOULD INVEST IN IT?
BNP Paribas Midcap is a small fund with assets under management less than Rs 50 crore. After a tough start, it turned a corner in 2010. It performed particularly well in 2012, returning 52.21 per cent against the category average of 41.41 per cent. It primarily invests in the mid- and small-cap companies with opportunity to grow (these firms have a market cap below that of the 99th stock in the BSE 500 Index). The fund aims to offer profitable bets in each segment. This also means that there is a risk that some bets, especially smallcap stocks, will affect the fund's performance. The fund, therefore, is best for those willing to take on a little risk for higher returns.

MEET THE FUND MANAGER
Shreyash Devalker has been the fund manager since October 2011 with over five years of experience in equity markets. He has worked with IDFC Capital as an equity research analyst and with JP Morgan Services India.

(Data and analysis of the fund have been sourced from Value Research)