Baroda BNP Paribas Asset Management targets to double its assets under management (AUM) to ₹98,000 crore in next three years on the back of robust growth achieved by the fund house in last three years.
The fund house has managed to double its AUM in the last three years to ₹49,000 crore against ₹21,000 crore through significant expansion in investment capabilities and reach.
Attributing the growth achieved to strategic investment in human capital, enhanced distribution reach and processes, Suresh Soni, CEO, Baroda BNP Paribas Asset Management India, said the well-defined investment process, guard-rails, robust risk control and portfolio monitoring has allowed us to help create wealth for investors.
“We believe our continued focus on investment performance along with increasing distribution and reach should help us double our AUM again over the next three years,” he said.
The fund house plans to launch a few passive funds and thematic funds besides launching products in the International Financial Services Authority at GIFT City to attract NRI investments in India, said Soni.
Sanjay Chawla, CIO – Equity, Baroda BNP Paribas AMC, said the fund house focuses to deliver consistent returns, generating alpha and creating wealth for investors across investment horizons.
Volatile market
The current volatility in the market is a temporary phase and it will bounce back once the corporate earning revive in next two-three quarters, he added.
The fund house has successfully raised offshore equity funds from institutional and retail investors in Europe, South Korea and Japan.
Jayesh Gandhi, Head – Offshore Advisory & AIF, Baroda BNP Paribas AMC, said despite recent trends of FII outflows from India, the offshore funds’ AUM has doubled from $220 million to $460 million over the past three years.
Over past two years, Baroda BNP Paribas Mutual Fund has been increasing its exposure to REITs and INViTs in various funds as it offers interesting opportunities for investors, he said.
