Baroda BNP Paribas Credit Risk Fund - Direct Plan - IDCW - Quarterly

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

No of Debt Holding 25 (Category Avg - 35.64) | Modified Duration 2.11 Years (Category Avg - 2.13)| Yield to Maturity 7.43% (Category Avg - 7.59%)

Portfolio Summary (as on 30th Sep,2025)

Security Type	% Weight	Category Average
GOI	17.56%	14.79%
CD	0.00%	1.33%
NCD & Bonds	72.37%	70.98%
PTC	0.00%	1.42%

Category - Credit Risk Fund

Security Type	% Weight	Category Average
Government Backed	17.56%	14.79%
Low Risk	72.37%	65.64%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Credit Risk Fund

Debt holding in Portfolio (as on 30th Sep,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Tata Projects Ltd.	NCD & Bonds	Civil construction	AA	FITCH	152.22	7.75%	1.50 k
Bond - Nuvoco Vistas Corporation Ltd.	NCD & Bonds	Cement & cement products	AA	CRISIL	149.77	7.62%	1.50 k
Bond - J S W Steel Ltd.	NCD & Bonds	Iron & steel products	LAA	ICRA	130.40	6.64%	130.00
Bond - Piramal Capital and Housing Finance Ltd.	NCD & Bonds	Housing finance company	LAA	ICRA	129.90	6.61%	1.75 L
Bond - Adani Ports And Special Economic Zone Ltd.	NCD & Bonds	Port & port services	LAAA	ICRA	101.38	5.16%	100.00
Bond - Nirma Ltd.	NCD & Bonds	Household products	AA	CRISIL	101.17	5.15%	1.00 k
Bond - Truhome Finance Ltd.	NCD & Bonds	Housing finance company	AA	FITCH	101.16	5.15%	1.00 k
Bond - Vedanta Ltd.	NCD & Bonds	Diversified metals	LAA	ICRA	100.42	5.11%	1.00 k
Bond - Govt of India	GOI	Other			98.29	5.00%	10.00 L
Bond - Govt of India	GOI	Other			89.26	4.54%	9.00 L
Bond - 360 One Prime Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA	CRISIL	85.27	4.34%	85.00 k
Bond - Indostar Capital Finance Private Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA-	CARE	75.58	3.85%	750.00
Bond - Govt of India	GOI	Other			72.23	3.68%	7.00 L
Bond - Motilal Oswal Home Finance Ltd.	NCD & Bonds	Housing finance company	LAA	ICRA	70.83	3.60%	700.00
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	50.71	2.58%	500.00
Bond - Vedanta Ltd.	NCD & Bonds	Diversified metals	AA	CRISIL	50.04	2.55%	500.00
Bond - Nirma Ltd.	NCD & Bonds	Household products	AA	CRISIL	41.19	2.10%	410.00
Bond - Govt of India	GOI	Other			39.37	2.00%	4.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	26.48	1.35%	25.00
Bond - Govt of India	GOI	Other			20.20	1.03%	2.00 L
Bond - Indostar Capital Finance Private Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA-	CARE	20.12	1.02%	200.00
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	19.82	1.01%	250.00
Bond - Govt of India	GOI	Other			15.49	0.79%	1.50 L
Bond - Hindustan Petroleum Corporation Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	15.39	0.78%	150.00
Bond - Govt of India	GOI	Other			10.27	0.52%	1.00 L

Name	Type of Instrument	Weight (%)
TREPS	TREPS	3.12%
Net Receivables	Net Receivables	2.80%
Brookfield India Real Estate Trust	InvITs	1.89%
Embassy Office Parks Reit	InvITs	1.40%
National Highways Infra Trust	InvITs	0.54%
Indus Infra Trust	InvITs	0.32%