111204363 - Factsheet April 070511 Fund/mf-fundfact-sheet/BNP Paribas MF … · in February 2011...

Fund FactsApril 2011

MONTHLY PORTFOLIO STATEMENT

Fund Facts - April 2011

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EquitiesOverview

Sectoral IndicesIndex M-o-M

% Change

BSE MID CAP 7,094.26 3.21%BSE SMALL CAP 8,715.31 6.60%BSE FMCG 3,755.16 4.42%BSE-HC 6,232.55 3.47%BSE AUTO 9,559.94 2.90%BSE CD 6,392.93 2.46%BSE METAL 16,190.59 0.18%BSE CG 13,036.91 -1.49%BSE BANKEX 13,076.97 -1.68%BSE OIL & GAS 10,008.27 -2.27%BSE TECk 3,708.28 -3.83%BSE IT 6,144.39 -6.17%BSE REALTY 2,180.10 -6.71%

Fund Manager's CommentaryOverview- Indian Equity markets lost a marginal

1.5% in April 2011 after a sharp move upwards of more than 9% in March 2011. After a good fiscal-year-end rally, investor sentiment dampened due to weaker-than-expected IIP and higher-than-expected inflation numbers reported over the month. Additionally, rising global commodity prices and margins pressure reported by companies over 4QFY11 results also had an adverse impact on performance of Indian equities.

- In March, India’s trade deficit narrowed substantially to ~USD 5.6 bn, much lower than ~USD 8.1 bn last month. On an annual basis, total deficit in FY11 stands at USD ~105 bn against USD ~110 bn for FY10. Meanwhile, owing to strong momentum in exports in recent months, non-oil trade balance posted a record surplus of ~USD 3.8 bn against average monthly deficit of ~USD 2.6 bn in H1FY11. On the back of strong growth and base effect, exports grew ~38% Y-o-Y against ~5% fall last year. Imports grew ~22% Y-o-Y in FY11 against a fall of ~8% in FY10.

Pick-up in imports is mainly led by non-oil imports that grew ~24% compared with ~17% growth in oil imports.

- Industrial production (IP) growth moderated to 3.6% Y-o-Y in February 2011 from an upwardly revised 3.9% in January 2011. Based on our estimates sequential momentum fell, with output contracting by 0.6% M-o-M, sa, from a rise of 1.3% in January 2011. Manufacturing output growth moderated to 3.5% Y-o-Y versus 3.6% in January 2011, owing to weak machinery equipment and wood products output growth; mining output growth moderated to 0.6% Y-o-Y owing to lower coal output, while electricity moderated to 6.7%. Weaker industrial output growth in February 2011 can be primarily attributed to the sluggishness in investment activity: capital goods output growth contracted by 18.4% Y-o-Y after an 18.8% drop in January 2011. On a three-month moving average basis, capital goods output growth fell to -15.4% Y-o-Y in February 2011 from 5.8% in December 2010.

- India’s wholesale price index (WPI) inflation rose sharply above expectations to 8.98% Y-o-Y in March 2011 from 8.31% in February 2011. The March 2011 inflation reading is substantially higher, not just compared with the Reserve Bank of India’s (RBI) initial March 2011 projection of 5.5% (set last April), but also from the revised projection of 8.0% set only in February 2011. An across-the board surge in non-food manufactured product prices - textiles, beverages & tobacco, wood & paper products, chemicals, metals and non-metallic mineral products - led to a steep 1.4% M-o-M rise in manufactured product prices in March 2011. Primary article prices dropped 0.2% M-o-M in March 2011 owing to lower food article and mineral prices, while fuel prices rose 3.9% M-o-M owing to higher coal and mineral oil prices. Overall, core inflation (as measured by non-food manufactured products) accelerated to 7.1% Y-o-Y in March 2011, after ascending to 6.1% last month, while food price inflation (primary and manufactured) rose to 6.8% from 6.5%Source: BSE, RBI, CSO, Department of Commerce

- The movement in Equities market in March 2011 was primarily driven by weaker production data and much higher inflation data. However, strong FII inflows protected further fall in the markets. The initial Q4 FY 2011 corporate earnings numbers show that most of the companies are witnessing pressure on their operating margins due to higher input costs and resistance displayed by the consumers to absorb further cost rise.

- The Large Cap indices underperformed the Mid and Small cap indices in April 2011. While the Large Cap indices lost almost 1.5% in April 2011, the Mid Cap index added ~3% and Small Cap index added ~6.5% in April 2011. Among the sectoral indices, the defensive sectors were the biggest gainers in April, with FMCG adding 4.4% and Healthcare adding 3.5%. The Realty index was among the

biggest losers for the month, losing 6.7% followed by IT sector which lost 6.2% in April 2011.

Developed markets witnessed their markets move in a range-bound manner with some positive bias. Lack of any major news in global markets made markets move in sideways manner.

FIIs continued to be net buyers of Indian Equities. They bought equities worth ~USD 1.6bn taking their calendar YTD investments number to USD 1.1bn. Domestic MFs sold equities worth ~ USD 100mn in April 2011.

Source: BSE, NSE, SEBI

`/$ : 44.38, `/EURO: 65.83 (as on April 29, 2011)

Major Developed Market Indices MovementIndex M-o-M % Change

Dow Jones 12,810.54 3.98%CAC 40 Index 4,106.92 2.95%FTSE 6,069.90 2.73%Nikkei 9,849.74 0.97%HangSeng 23,720.81 0.82%

As on April 29, 2011 Source: BSE India, NSE India, Bloomberg

Major Emerging Market Indices MovementIndex M-o-M % Change

BSE Sensex 19,135.96 -1.59%S&P Nifty 5,749.50 -1.44%SSE Composite Index 2,912.14 -0.55%Jakarta Composite Index 3,819.62 3.83%Ibovespa Sao Paulo Index 66,133.00 -3.58%Kospi 2,192.36 4.07%

As on April 29, 2011 Source: BSE India, NSE India, Bloomberg

As on April 29, 2011 Source : BSE India

Fund Facts - April 2011

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Sensex Top 5 Performers of the monthTop Performers (`)* % ChangeMahindra & Mahindra Ltd. 753.80 7.90%Herohonda Motors 1,709.65 7.76%ONGC Ltd. 308.90 6.48%Bharti Airtel Ltd. 378.80 5.96%ITC Ltd. 191.95 5.79%

As on April 29, 2011

*The prices mentioned here do not account for corporate actions, if any.

Source : BSE India

Sensex Worst 5 Performers of the monthTop Losers (`)* % ChangeDLF Ltd. 222.90 -16.58%Infosys Technologies Ltd. 2,905.95 -10.22%Reliance Communications Ltd. 99.80 -7.34%Jindal Steel 653.20 -6.50%Reliance Industries Ltd. 981.95 -6.28%

As on April 29, 2011 Source : BSE India

Our OutlookTo take advantage of short term volatility and keeping in mind the long-term growth perspective of Indian equity markets, we suggest investors should choose SIP as a route for investments in equities.

We are overweight Consumer Staples, Consumer Discretionary, Utilities, Media, FMCG, Energy and Cement; equal weight on banks and IT; and underweight on Infrastructure, Auto OEMs and Metals sectors.

Main Sector Stance (overweight/underweight)

After the recent correction, India’s valuation premium relative to emerging markets has corrected. More so, from its peak in Jan ‘08, the Indian equity markets have become significantly cheaper over the last three years. The Indian economy in nominal terms has grown approx 58% since then but markets continue to be lower. Market’s 1 year forward PE today is <15X v/s 20X then, PBV is 2.6X v/s 4X then and Mcap/GDP is at 83% v/s 149% then.We believe that India offers a superior investment opportunity. India, over next one decade, could be one of the fastest

growing economies due to favorable demographics, rising per capita income, c o n s u m p t i o n b o o m a n d r i s i n g infrastructure investments. India will be more resilient to external shocks with domestic private consumption and investments (i.e domestic economy) accounting for more than 90% of its GDP, unlike other developing economies that are more dependent on exports for its growth.There could be some volatility which might exist in the near term for Equity markets, however, from a long term perspective, we are positive on Indian equities.

Fixed IncomeOverviewThe yields on the long-term Gilts moved up sharply on back of higher than expected inflation number for March 2011 and expectation of stricter monetary policy action by the RBI to tackle inflation. A new 10 year benchmark security was issued by the RBI during the month with a cut-off yield of 7.80%. The yield on the benchmark security, 7.80 GS 2021 ended the month of April 2011 at 8.13%, up 13bps from previous month-end close of 8%.Liquidity in the system showed signs of easing during the month which was reflected by reduced demand by banks for overnight money from the RBI. The yields on the 1 year Bank CDs ended the month almost at the same levels of March 2011 month-end at 9.50-9.60%.The overnight call rate for most part of the month traded in the range of 6.5-7%.The Rupee appreciated further in April 2011 against the US$. It closed the month of April 2011 at 44.38/USD as compared to 44.65/USD at March 2011 month-end.

Source: RBI, CCIL

Currency & Commodities

Value M-o-M% Change

Brent Crude 125.89 7.27%Gold 1,565.70 9.38%Silver 47.94 27.40%Aluminium(US$/tonne)* 2,771.50 6.68%Copper (US$/tonne)* 9,370.00 -0.31%

Source : Bloomberg, Kitco, LMEAs on April 29, 2011

Our OutlookThe Annual Monetary Policy announced for 2011-12 was more hawkish than expected as inflation has become generalised and pose a downside risk to growth prospects. This also increases the chances of RBI further increasing the rates in near future. We believe that market may see flattening of yield curve and the spread between the 10 year Government Of India (GOI) bond and 5 year Overnight Indexed Swap (OIS) may remain negative for longer period of time.

RBI announced the Annual Monetary Policy announced for 2011-12. Key highlights are:Operating Procedure of Monetary Policy:• The average overnight call money

rate will be the operating target of monetary policy

• Repo rate will be the only independent policy rate. Reverse repo rate will be pegged at 100 bps below the repo rate

• There will be a new Marginal Standing Facility (MSF) - banks can borrow overnight from the MSF up to 1% of NDTL at 1% over Repo rate

Monetary Measures:• Repo rate hiked by 50 bps from 6.75%

to 7.25%• Reverse repo gets adjusted to 6.25%

(Repo - 100bps)• Marginal Standing Facility (MSF)

rate, at 100bps above Repo rate, gets set at 8.25%

• Savings bank interest rate hiked from 3.5% to 4%

• Bank Rate remains unchanged at 6%• Cash Reserve Ratio (CRR) remains

unchanged at 6%Source : RBI

BNP Paribas Equity Fund(An Open-Ended Equity Scheme)

Equity Holdings % of MarketNet Value

Assets (in ` Lacs)Auto 2.93 171.45 Bajaj Auto Ltd. 88.44 Maruti Suzuki India Ltd. 83.01Banks 18.20 1,066.08HDFC Bank Ltd. 344.33State Bank of India 311.31ICICI Bank Ltd. 274.15Punjab National Bank 136.29Cement 3.94 230.85 Ultratech Cement Ltd. 130.70 ACC Ltd. 100.15Construction Project 1.89 110.89Larsen & Toubro Ltd. 110.89 Consumer Non Durables 11.39 667.20ITC Ltd. 418.36 Nestle India Ltd. 111.04 Asian Paints Ltd. 77.36 Titan Industries Ltd. 60.44 Ferrous Metals 2.08 121.78Jindal Steel & Power Ltd. 121.78 Finance 5.25 307.46 Housing Development Finance Corporation Ltd. 307.46 Gas 1.58 92.71 GAIL (India) Ltd. 92.71 Industrial Capital Goods 1.02 60.02 Bharat Heavy Electricals Ltd. 60.02 Media & Entertainment 2.03 118.90 Zee Entertainment Enterprises Ltd. 61.31

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PORTFOLIO (4 TOP 10 HOLDINGS)

Sun TV Network Ltd. 57.59 Non - Ferrous Metals 2.05 119.96 Sterlite Industries Ltd. 119.96Oil 5.39 315.86 Oil & Natural GasCorporation Ltd. 221.62 Cairn India Ltd. 94.24 Petroleum Products 7.56 442.69 Reliance Industries Ltd. 442.69Pharmaceuticals 1.39 81.28 Glaxosmithkline Pharmaceuticals Ltd. 81.28 Power 9.84 576.07 Power Grid Corporation Ltd. 247.26NTPC Ltd. 238.81Tata Power Co. Ltd. 90.00 Software 9.80 574.15 Tata Consultancy Services Ltd. 220.31 Infosys Technologies Ltd. 174.38 Wipro Ltd. 114.83 HCL Technologies Ltd. 64.63TELECOM - SERVICES 5.67 332.16 Bharti Airtel Ltd. 332.16Total Equity Holdings 92.02 5,389.51Net Receivables / (Payables) 7.98 467.40GRAND TOTAL 100.00 5,856.91

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Investment in Top 10 scrips constitutes 53.58% of the portfolio


Assets (in ` Lacs)

*The information contained in this report has been obtained from sources considered to be authentic and reliable. This quantitative data does not purport to be an offer for purchase and sale of mutual fund units. The Standard Deviation is used to measure the volatility of returns. Sharpe Ratio is the measure of the risk - adjusted performance. Beta is the measure of the portfolio’s volatility to its respective benchmark. The risk free rate of return considered for calculation of Sharpe ratio is 5.56%, as per 3 years average 91 day T Bill cut-off rate.

Who Should Invest ?

Investment Objective

NAV Details

Benchmark IndexDate of AllotmentFund Manager

Load Structure

Asset Allocation

Expense Ratio & Quantitative Data

Investors seeking returns from an actively managed diversified equity portfolio.

The investment objective of the Scheme is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities. The Scheme will invest in a range of companies, with a bias towards large & medium market capitalisation companies.However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

Growth Option : ` 34.65Dividend Option : ` 11.72

S & P CNX Nifty September 23, 2004

(Since October 1, 2007): Mr. Amit Nigam (Total Experience: 11 years)

$Entry Load: Nil Exit Load: 1% if redeemed or switched-out upto 1 year from the date of subscription/ switch-in.Nil if redeemed or switched-out after 1 year from the date of subscription/ switch-in.

Equities & Equity related Instruments : 95 - 100%Debt & Money Market Instruments (including cash & money at call) : 5 - 35%

Recurring Expenses Ratio (%) : 2.49Standard Deviation* : 0.28Beta* : 0.84Sharpe Ratio* (36 Months) : -0.14Portfolio Turnover Ratio : 0.76Sharpe Ratio = -0.14 annualised (based on last 36 monthly data points).Beta = 0.84 (based on last 36 monthly data points)Volatility/SD = 0.28% annualised (based on last 36 monthly data points)

ASSET ALLOCATION

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April 29, 2011

Record Dividend Cum-Dividend Ex-Dividend Ex-DividendDate Per Unit (`) NAV (`) NAV (`) Date

Individual Others15-Apr-2005 1.75 1.75 13.02 11.21 18-Apr-200520-Mar-2006 2.50 2.50 20.46 17.88 21-Mar-200617-Jan-2007 6.00 6.00 20.94 15.46 18-Jan-200718-Dec-2007 6.00 6.00 23.17 17.17 19-Dec-20079-Sep-2009 1.00 1.00 11.86 10.86 10-Sep-200920-Jan-2010 1.00 1.00 11.66 10.66 21-Jan-2010

Pursuant to payment of dividend, the NAV of the scheme has fallen to the extent of dividend distribution and statutory levy (if any). Past performance may or may not be sustained in future.

DIVIDEND HISTORY

Since Inception Last 5 years Last 3 years Last 1 year(% CAGR) (% CAGR) (% CAGR) (% CAGR)

BNP Paribas Equity Fund -Growth Option 20.71 6.82 1.60 9.17

S & P CNX Nifty 19.99 10.37 3.64 8.93

Period: September 23, 2004 - April 29, 2011. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Since inception returns are calculated on ̀ 10/- invested at inception.

PERFORMANCE

1.02%1.39%1.58%1.89%2.03%2.05%2.08%

2.93%3.94%

5.25%5.39%5.67%

7.56%9.80%9.84%

11.39%18.20%

0.00% 4.00% 10.00% 12.00% 20.00%

Industrial Capital GoodsPharmaceuticals

GasConstruction Project

Media & EntertainmentNon - Ferrous Metals

Ferrous MetalsAuto

CementFinance

OilTelecom - Services

Petroleum ProductsSoftware

PowerConsumer Non Durables

Banks

BNP Paribas Opportunities Fund(An Open-Ended Equity Scheme)

Who Should Invest ?


NAV Details


Load Structure


Investors seeking to take advantage of investment opportunities across sectors & market capitalisations buckets and those who want to invest in a fund that can hold relatively more concentrated investments in a few sectors compared to a plain diverisifed equity fund.

The investment objective is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities. The Scheme will aim to identify attractive investment opportunities in companies across all ranges of market-capitalization viz. large, medium and small-capitalization and across all sizes in terms of turnover, balance sheet size etc. The Scheme has the flexibility to actively shift portfolio concentration between different market capitalization buckets. The Scheme also retains the flexibility to hold from time to time relatively more concentrated investments in a few sectors than plain diversified equity funds. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.


BSE 200 April 15, 2005

(w.e.f. October 1, 2009): Mr. Amit Nigam (Total Experience: 11 years)

$Entry Load: Nil Exit Load: 1% if redeemed or switched-out upto 1 year from the date of subscription/switch-in.Nil if redeemed or switched-out after 1 year from the date of subscription/ switch-in.

Recurring Expenses Ratio (%) : 2.49Standard Deviation* : 0.32Beta* : 0.89Sharpe Ratio* (36 Months) : -0.49Portfolio Turnover Ratio : 0.62Sharpe Ratio = -0.49 annualised (based on last 36monthly data points).Beta = 0.89 (based on last36 monthly data points)Volatility/SD = 0.32% annualised (based on last 36 monthly data points)

Asset AllocationEquities and Equity related Securitiesidentified as Opportunities : 65 - 100%Debt & Money Market Instruments(including money at call) : 0 - 35%

* The information contained in this report has been obtained from sources considered to be authentic and reliable. This quantitative data does not purport to be an offer for purchase and sale of mutual fund units. The Standard Deviation is used to measure the volatility of returns. Sharpe Ratio is the measure of the risk - adjusted performance. Beta is the measure of the portfolio’s volatility to its respective benchmark. The risk free rate of return considered for calculation of Sharpe ratio is 5.56%, as per 3 years average 91 day T Bill cut-off rate.

ASSET ALLOCATION

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Assets (in ` Lacs)

Auto 1.30 56.15Mahindra & Mahindra Ltd. 34.04Bajaj Auto Ltd. 22.11

Banks 14.94 644.01HDFC Bank Ltd. 206.60ICICI Bank Ltd. 167.17ING Vysya Bank Ltd. 93.37Bank of Baroda 54.71Union Bank of India 47.90Kotak Mahindra Bank Ltd. 38.71Punjab National Bank 35.55

Cement 4.21 181.48Ultratech Cement Ltd. 98.02ACC Ltd. 83.46

Construction 3.38 145.65Sadbhav Engineering Ltd. 101.81ITD Cementation India Ltd. 43.84

Construction Project 2.22 95.73Larsen & Toubro Ltd. 95.73

Consumer Non Durables 10.74 462.97ITC Ltd. 230.82Nestle India Ltd. 111.00Asian Paints Ltd. 60.71Titan Industries Ltd. 60.44

Engineering Services 1.28 55.25 Hindustan Dorr Oliver Ltd. 55.25

Ferrous Metals 1.37 58.93 Jindal Steel & Power Ltd. 58.93

Finance 3.94 169.63Housing Development Finance Corporation Ltd. 169.63

Gas 5.55 239.09 GAIL (India) Ltd. 142.64 Indraprastha Gas Ltd. 96.45

Industrial Capital Goods 0.75 32.39 Bharat Bijlee Ltd. 32.39

Industrial Products 1.95 83.97 Greaves Cotton Ltd. 83.97

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Media & Entertainment 2.84 122.40 Dish TV India Ltd. 122.40

Minerals/mining 0.85 36.53Coal India Ltd. 36.53

Non - Ferrous Metals 2.16 92.98 Sterlite Industries Ltd. 54.53 Hindustan Zinc Ltd. 38.45

Oil 1.22 52.36 Cairn India Ltd. 52.36

Petroleum Products 5.88 253.59 Reliance Industries Ltd. 88.54 Indian Oil Corporation Ltd. 71.37 Hindustan PetroleumCorporation Ltd. 55.91 Bharat Petroleum Corporation Ltd. 37.77

Pharmaceuticals 5.43 233.84Lupin Ltd. 102.50 GlaxosmithklinePharmaceuticals Ltd. 67.73 Divis Laboratories Ltd. 63.61

Power 5.88 253.30 Power Grid Corporation Ltd. 219.56 Neyveli Lignite Corporation Ltd. 33.74

Software 11.40 491.26HCL Technologies Ltd. 140.72 NIIT Ltd. 117.71 Tata Consultancy Services Ltd. 108.41 Infosys Technologies Ltd. 87.19 Rolta India Ltd. 37.23

Telecom - Services 5.29 228.03 Bharti Airtel Ltd. 228.03

Total Equity Holdings 92.58 3,989.54

Net Receivables / (payables) 7.42 319.84

GRAND TOTAL 100.00 4,309.38

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Assets (in ` Lacs)



Individual Others20-Mar-2007 2.50 2.50 17.899 15.287 21-Mar-200715-Sep-2007 4.50 4.50 22.121 17.953 15-Sep-200725-Mar-2008 4.00 4.00 16.409 12.409 26-Mar-2008


DIVIDEND HISTORY

April 29, 2011


BNP Paribas Opportunities Fund -Growth Option 11.06 -0.35 -10.14 1.93

BSE 200 18.64 9.89 3.09 5.99

Period: April 15, 2005 - April 29, 2011. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Since inception returns are calculated on ̀ 10/- invested at inception.

PERFORMANCE

0.75%0.85%1.22%1.28%1.30%1.37%

1.95%2.16%2.22%

2.84%3.38%

3.94%4.21%

5.43%5.55%

5.88%5.88%

10.74%11.40%

14.94%

0.00% 4.00% 8.00% 12.00% 16.00%

Industrial Capital GoodsMinerals/mining

OilEngineering Services

AutoFerrous Metals

Industrial ProductsNon - Ferrous MetalsConstruction Project

Media & EntertainmentConstruction

FinanceCement

PharmaceuticalsGas

Petroleum ProductsPower

Consumer Non DurablesSoftware

Banks

BNP Paribas Dividend Yield Fund(An Open-Ended Equity Scheme)


Assets (in ` Lacs)Auto 1.93 22.69 Mahindra & Mahindra Ltd. 22.69 Auto Ancillaries 5.41 63.50 Sundaram Fasteners Ltd. 36.00 Exide Industries Ltd. 27.50 Banks 10.53 123.66 State Bank of India 33.66 Indian Bank 32.55 ICICI Bank Ltd. 30.09 Punjab National Bank 17.78 Union Bank of India 9.58Cement 4.27 50.08 ACC Ltd. 50.08Construction Project 2.04 23.93 Larsen & Toubro Ltd. 23.93 Consumer Non Durables 14.17 166.36 ITC Ltd. 57.71 E.I.D. Parry (India) Ltd. 35.50 VST Industries Ltd. 32.08 Asian Paints Ltd. 22.03 NavneetPublications (India) Ltd. 19.04 Ferrous Metals 0.63 7.39 PSL Ltd. 7.39Finance 2.99 35.09 HousingDevelopment Finance Corporation Ltd. 23.32 Bajaj Holdings and Investment Ltd. 11.77 Gas 7.15 83.89 Indraprastha Gas Ltd. 48.23 GAIL (India) Ltd. 35.66Industrial Capital Goods 4.53 53.18 Action Construction Equipment Ltd. 35.14

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Emco Ltd. 18.04Oil 4.72 55.40 Oil & Natural GasCorporation Ltd. 55.40Paper 2.16 25.36Ballarpur Industries Ltd. 25.36Petroleum Products 10.46 122.75 Castrol India Ltd. 42.07 Chennai Petroleum Corporation Ltd. 30.22 Indian Oil Corporation Ltd. 20.39 Bharat Petroleum Corporation Ltd. 18.89 Hindustan Petroleum Corporation Ltd. 11.18 Pharmaceuticals 4.63 54.39 Wyeth Ltd. 27.30 Glaxosmithkline Pharmaceuticals Ltd. 27.09Power 6.09 71.49 Power Grid Corporation Ltd. 37.64 Gujarat Industries Power Co. Ltd. 33.85Software 5.79 67.94 Tata Consultancy Services Ltd. 29.72 NIIT Technologies Ltd. 22.58 HCL Technologies Ltd. 15.64Telecom - Equipment & Accessories 1.99 23.32 HCL Infosystem Ltd. 23.32 Total Equity Holdings 89.48 1,050.42Net Receivables / (Payables) 10.52 123.48GRAND TOTAL 100.00 1,173.90

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Assets (in ` Lacs)


Who Should Invest ?


NAV Details


Load Structure


Investors seeking to exploit opportunities from the equity markets while combining it with a regular income stream from a portfolio of high dividend yield stocks.

The investment objective of the scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks. High dividend yield stocks are defined as stocks of companies that have a dividend yield in excess of 0.5 %, at the time of investment. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.


BSE Sensitive Index September 15, 2005

(Since February 8, 2008): Mr. Amit Nigam (Total Experience: 11 years)


Recurring Expenses Ratio (%) : 2.49Standard Deviation* : 0.27Beta* : 0.76Sharpe Ratio* (36 Months) : 0.29Portfolio Turnover Ratio : 1.06Sharpe Ratio = 0.29 per month or annualised (based on last36 monthly data points).Beta = 0.76 (based on last 36 monthly data points)Volatility/SD = 0.27% annualised (based on last 36 monthly data points)

Asset AllocationEquity and Equity related Securities ofcompanies that are High DividendYield Stocks : 65 - 100%Equity and Equity related Securitiesof companies that are not HighDividend Yield Stocks : 0 - 35%Debt & Money Market Instruments(including money at call) : 0 - 35%

ASSET ALLOCATION

6


Individual Others29-Jun-2007 1.00 1.00 11.432 10.433 30-Jun-200710-Aug-2009 1.00 1.00 11.170 10.170 11-Aug-200927-Oct-2009 1.00 1.00 11.757 10.757 28-Oct-200920-Jan-2010 1.00 1.00 11.883 10.883 21-Jan-20108-Sep-2010 1.50 1.50 13.093 11.593 9-Sep-2010


DIVIDEND HISTORY


BNP Paribas Dividend Yield Fund -Growth Option 11.17 8.66 13.32 11.38

BSE Sensitive Index 16.05 10.04 3.45 8.98

Period: September 15, 2005 - April 29, 2011. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Since inception returns are calculated on ̀ 10/- invested at inception.

PERFORMANCE

April 29, 2011

0.63%1.93%1.99%2.04%2.16%

2.99%4.27%4.53%4.63%4.72%

5.41%5.79%6.09%

7.15%10.46%10.53%

14.17%

0.00% 4.00% 8.00% 12.00 16.00

Ferrous MetalsAuto

Telecom - Equipment & AccessoriesConstruction Project

PaperFinanceCemeny

Industrial Capital GoodsPharmaceuticals

OilAuto Ancillaries

SoftwarePower

GasPetroleum Products

BanksConsumer Non Durables

BNP Paribas Tax Advantage Plan (ELSS)#(An Open-Ended Equity Linked Tax Savings Scheme with no assured returns)

Who Should Invest ?


NAV Details


Load Structure


Investors seeking the potential growth of equities along #with the added advantage of tax savings under Section

80C.

The investment objective of the Scheme is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent from time to time. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.


BSE 200 January 5, 2006

(Since September 1, 2006):Mr. Amit Nigam (Total Experience: 11 years)

$Entry Load: Nil The investment in the Scheme shall be locked in for a period of 3 years from the date of allotment. No entry/ exit load will be charged on Dividend Re-investment units.

Recurring Expenses Ratio (%) : 2.49Standard Deviation* : 0.30Beta* : 0.84Sharpe Ratio* (36 Months) : -0.23Portfolio Turnover Ratio : 0.65Sharpe Ratio = -0.23 annualised (based on last 36 monthly data points).Beta = 0.84 (based on last 36 monthly data points)Volatility/SD = 0.30% annualised (based on last 36 monthly data points)

Asset AllocationEquity and Equity related Securitiesof companies : 80 - 100%Debt & Money Market Instruments(including money at call) : 0 - 20%


#As per the Finance Act, 2005, read with notifications dated 3rd November, 2005 and 13th December, 2005 issued by Ministry of Finance, subscription to the extent of ` 100,000 in BNP Paribas Tax Advantage Plan (ELSS) by Individuals and HUFs should be eligible for deduction under section 80C of the Income Tax Act, 1961. Investors are requested to consult their tax advisor in this regard. The investments in the scheme shall be locked-in for a period of 3 years from the date of allotment.* The information contained in this report has been obtained from sources considered to be authentic and reliable. This quantitative data does not purport to be an offer for purchase and sale of mutual fund units. The Standard Deviation is used to measure the volatility of returns. Sharpe Ratio is the measure of the risk - adjusted performance. Beta is the measure of the portfolio’s volatility to its respective benchmark. The risk free rate of return considered for calculation of Sharpe ratio is 5.56%, as per 3 years average 91 day T Bill cut-off rate.

ASSET ALLOCATION

7


Assets (in ` Lacs)Auto 0.42 22.11 Bajaj Auto Ltd. 22.11Auto Ancillaries 4.83 254.00 Sundaram Fasteners Ltd. 108.00 Bosch Ltd. 86.41 Exide Industries Ltd. 59.59 Banks 15.91 836.22 HDFC Bank Ltd. 206.60 ICICI Bank Ltd. 167.17 Federal Bank Ltd. 125.99 State Bank of India 84.14 Indian Bank 72.33 Union Bank of India 57.47 Bank of Baroda 54.71 Punjab National Bank 35.55 Kotak Mahindra Bank Ltd. 32.26 Cement 4.39 230.85 Ultratech Cement Ltd. 130.70 ACC Ltd. 100.15 Construction 1.94 101.81 Sadbhav Engineering Ltd. 101.81 Construction Project 2.28 119.67 Larsen & Toubro Ltd. 119.67Consumer Non Durables 12.37 650.11 ITC Ltd. 230.82 Titan Industries Ltd. 181.33 Nestle India Ltd. 110.96 Asian Paints Ltd. 71.67 Jubilant Foodworks Ltd. 55.33 Ferrous Metals 1.12 58.93 Jindal Steel & Power Ltd. 58.93 Finance 3.23 169.63 Housing Development Finance Corporation Ltd. 169.63 Gas 4.01 210.56 GAIL (India) Ltd. 114.11 Indraprastha Gas Ltd. 96.45Industrial Capital Goods 1.99 104.64 Bharat Heavy Electricals Ltd. 42.01 Bharat Bijlee Ltd. 32.39 Emco Ltd. 30.24

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90.47 Sun TV Network Ltd. 49.06 Non - Ferrous Metals 1.04 54.53 Sterlite Industries Ltd. 54.53Oil 3.63 190.87 Oil & Natural Gas Corporation Ltd. 138.51 Cairn India Ltd. 52.36 Petroleum Products 7.09 372.62 Castrol India Ltd. 140.22 Indian Oil Corporation Ltd. 101.96 Reliance Industries Ltd. 73.78 Bharat Petroleum Corporation Ltd. 56.66 Pharmaceuticals 6.52 342.48 Lupin Ltd. 112.42 Glaxosmithkline Pharmaceuticals Ltd. 81.28 Wyeth Ltd. 54.59 Divis Laboratories Ltd. 53.01 Ranbaxy Laboratories Ltd. 41.18 Power 3.28 172.51 Power Grid Corporation Ltd. 172.51Software 9.31 489.14 HCL Technologies Ltd. 156.36 Tata Consultancy Services Ltd. 129.39 Infosys Technologies Ltd. 87.19 NIIT Ltd. 75.67 Wipro Ltd. 40.53Telecom - Services 3.69 193.83 Bharti Airtel Ltd. 193.83Total Equity Holdings 91.62 4,816.04Net Receivables / (Payables) 8.38 440.58 GRAND TOTAL 100.00 5,256.62

EntertainmentNetwork India Ltd.

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Assets (in ` Lacs)


Individual Others23-Mar-2007 1.00 1.00 12.22 11.219 24-Mar-200729-Feb-2008 2.00 2.00 15.067 13.125 1-Mar-2008


DIVIDEND HISTORY


BNP Paribas Tax AdvantagePlan (ELSS) - Growth Option 6.63 0.05 -1.44 5.77BSE 200 13.26 9.89 3.09 5.99

Period: January 5, 2006 - April 29, 2011. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Since inception returns are calculated on ̀ 10/- invested at inception.

PERFORMANCE

April 29, 2011

0.42%1.04%1.12%1.94%1.99%

2.28%3.23%3.28%3.63%4.01%4.39%

4.59%4.83%

6.52%7.09%

9.31%12.37%

15.91%

0.00% 6.00% 12.00% 18.00%

AutoNon - Ferrous Metals

Ferrous MetalsConstruction

Industrial Capital GoodsConstruction Project

FinancePower

OilGas

CementMedia & Entertainment

Auto AncillariesPharmaceuticals


Consumer Non DurablesBanks

BNP Paribas Mid Cap Fund(An Open-Ended Equity Scheme)


Assets (in ` Lacs)

Auto Ancillaries 8.11 247.31 Sundaram Fasteners Ltd. 120.31 Exide Industries Ltd. 100.85 Balkrishna Industries Ltd. 26.15

Banks 11.96 364.73 ING Vysya Bank Ltd. 93.37 Federal Bank Ltd. 73.31 Indian Bank 72.33 South Indian Bank Ltd. 68.25 Union Bank of India 57.47

Cement 3.22 98.02 Ultratech Cement Ltd. 98.02

Construction 5.05 154.10 Sadbhav Engineering Ltd. 97.74 ITD Cementation India Ltd. 56.36

Consumer Non Durables 9.27 282.46 Titan Industries Ltd. 145.07 E.I.D. Parry (India) Ltd. 71.00 Jubilant Foodworks Ltd. 66.39

Engineering Services 2.17 66.30 Hindustan Dorr Oliver Ltd. 66.30

Gas 3.16 96.45 Indraprastha Gas Ltd. 96.45

Industrial Capital Goods 7.93 241.91 Action ConstructionEquipment Ltd. 154.61 AIA Engineering Ltd. 48.47 Thermax India Ltd. 38.83

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Industrial Products 3.47 105.65 Cummins India Ltd. 63.66 Greaves Cotton Ltd. 41.99

Media & Entertainment 8.24 251.36 Dish TV India Ltd. 142.80 Entertainment Network India Ltd. 108.56

Pesticides 1.19 36.31 United Phosphorus Ltd. 36.31

Petroleum Products 5.40 164.72 Castrol India Ltd. 84.13 Chennai Petroleum Corporation Ltd. 80.59

Pharmaceuticals 7.31 222.90 Lupin Ltd. 128.95 Divis Laboratories Ltd. 53.01 Wyeth Ltd. 40.94

Power 7.59 231.31 Gujarat Industries Power Co. Ltd. 104.16 Power Grid Corporation Ltd. 100.37 PTC India Ltd. 26.78

Software 3.98 121.44 NIIT Ltd. 92.48 Rolta India Ltd. 28.96

Total Equity Holdings 88.07 2,684.97

Net Receivables / (Payables) 11.93 363.71

GRAND TOTAL 100.00 3,048.68

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Assets (in ` Lacs)

No dividend has been declared under the scheme since its inception.* The information contained in this report has been obtained from sources considered to be authentic and reliable. This quantitative data does not purport to be an offer for purchase and sale of mutual fund units. The Standard Deviation is used to measure the volatility of returns. Sharpe Ratio is the measure of the risk - adjusted performance. Beta is the measure of the portfolio’s volatility to its respective benchmark. The risk free rate of return considered for calculation of Sharpe ratio is 5.56%, as per 3 years average 91 day T Bill cut-off rate.

Who Should Invest ?


NAV Details


Load Structure


Investors seeking to take advantage of investment opportunities in the middle and small capitalization segment.

The investment objective of the scheme is to seek to generate long-term capital appreciation by investing primarily in companies with high growth opportunities in the middle and small capitalization segment, defined as 'Future Leaders'. The fund will emphasize on companies that appear to offer opportunities for long-term growth and will be inclined towards companies that are driven by dynamic style of management and entrepreneurial flair. However, there can be no assurance that the investment objectives of the Scheme and Plan launched there under will be realized. The Scheme/ Plans launched there under does not guarantee/indicate any returns.


CNX MIDCAP Index May 2, 2006

(w.e.f. October 1, 2009):Mr. Amit Nigam (Total Experience: 11 years)


Recurring Expenses Ratio (%) : 2.49Standard Deviation* : 0.38Beta* : 0.98Sharpe Ratio* (36 Months) : -0.25Portfolio Turnover Ratio : 0.58Sharpe Ratio = -0.25 annualised (based on last 36 monthly data points).Beta = 0.98 (based on last 36 monthly data points)Volatility/SD = 0.38% annualised (based on last 36monthly data points)

Asset AllocationEquity and Equity related Securitiesof companies categorized as Future Leaders : 65 - 100%Equity and Equity related Securities ofcompanies other than Future Leaders : 0 - 35%Debt & Money Market Instruments(including money at call) : 0 - 35%

ASSET ALLOCATION

8

Since Inception Last 3 years Last 1 year(% CAGR) (% CAGR) (% CAGR)

BNP Paribas Mid Cap Fund -Growth Option -0.96 -3.95 5.53

CNX MIDCAP Index 9.59 5.40 1.73

Period: May 2, 2006 - April 29, 2011. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Since inception returns are calculated on ̀ 10/- invested at inception.

PERFORMANCE

April 29, 2011

1.19%

2.17%

3.16%

3.22%

3.47%

3.98%

5.05%

5.40%

7.31%

7.59%

7.93%

8.11%

8.24%

0.00% 3.00% 6.00% 9.00%

Pesticides

Engineering Services

GasCement

Industrial Products

Software

Construction

Petroleum Products

Pharmaceuticals

PowerIndustrial Capital Goods

Auto Ancillaries

Media & Entertainment

BNP Paribas Sustainable Development Fund(An Open-Ended Equity Scheme)


NAV Details


Load Structure


The investment objective is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities primarily of the Socially Responsible Companies focusing on Sustainable Development. The Scheme will aim to identify investment opportunities in companies across all ranges of market-capitalization, defined as "Socially Responsible Companies".


BSE 200 April 23, 2007

(w.e.f. April 1, 2011): Mr. Amit Nigam (Total Experience: 11 years)


Recurring Expenses Ratio (%) : 2.49Portfolio Turnover Ratio : 0.52Standard Deviation* : -0.08Beta* : 0.76Sharpe Ratio* (36 Months) : 0.28Sharpe Ratio = -0.08 annualised (based on last 36 monthly data points).Beta = 0.76 (based on last 36 monthly data points)Volatility/SD = 0.28% annualised (based on last 36 monthly data points)

Asset AllocationEquity and Equity related Instruments of Socially Responsible Companies : 65 - 100%Equity and Equity related Instrumentsof Other Companies : 0 - 35%Debt & Money Market Instruments(including money at call) : 0 - 35%



ASSET ALLOCATION

9


Assets (in ` Lacs)

Auto 1.61 7.56 Mahindra & Mahindra Ltd. 7.56

Auto Ancillaries 3.51 16.44 Exide Industries Ltd. 11.46 Bosch Ltd. 4.98

Banks 18.76 87.82 HDFC Bank Ltd. 27.55 State Bank of India 14.02 ICICI Bank Ltd. 13.37 ING Vysya Bank Ltd. 10.37 Federal Bank Ltd. 8.40 Indian Bank 7.23 Kotak Mahindra Bank Ltd. 6.88

Cement 2.79 13.07 Ultratech Cement Ltd. 13.07

Construction Project 2.04 9.57 Larsen & Toubro Ltd. 9.57

Consumer Non Durables 8.23 38.51 ITC Ltd. 28.85 Asian Paints Ltd. 9.66


Finance 4.23 19.79 Housing Development Finance Corporation Ltd. 19.79

Gas 3.05 14.26 GAIL (India) Ltd. 14.26

Industrial Capital Goods 1.28 6.00 Bharat Heavy Electricals Ltd. 6.00

Non - Ferrous Metals 2.33 10.91 Sterlite Industries Ltd. 10.91

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Oil 3.98 18.65 Cairn India Ltd. 9.42 Oil & Natural Gas Corporation Ltd. 9.23


Petroleum Products 8.84 41.37 Reliance Industries Ltd. 24.59 Chennai Petroleum Corporation Ltd. 11.19 Hindustan Petroleum Corporation Ltd. 5.59

Pharmaceuticals 4.27 20.01 Lupin Ltd. 15.43 Ranbaxy Laboratories Ltd. 4.58

Power 11.11 52.02 Power Grid Corporation Ltd. 21.96 CESC Ltd. 12.33 Tata Power Co. Ltd. 10.44 NTPC Ltd. 7.29

Software 7.27 34.03 Tata Consultancy Services Ltd. 15.74 Infosys Technologies Ltd. 13.08 HCL Technologies Ltd. 5.21


Total Equity Holdings 91.93 430.36


GRAND TOTAL 100.00 468.15

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Assets (in ` Lacs)


BNP Paribas SustainableDevelopment Fund - Growth Option 6.02 3.47 4.80

BSE 200 9.25 3.09 5.99

Period: April 23, 2007 - April 29, 2011. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Since inception returns are calculated on ̀ 10/- invested at inception.

PERFORMANCE


Individual Others27-Oct-2009 1.00 1.00 11.2794 10.2794 28-Oct-2009


DIVIDEND HISTORY

April 29, 2011

1.13%1.28%1.40%1.61%

2.04%2.33%2.79%3.05%3.51%3.98%4.23%4.27%

6.09%7.27%

8.23%8.84%

11.11%18.76%

0.00% 4.00% 10.00% 16.00% 20.00%

PesticidesIndustrial Capital Goods

Ferrous MetalsAuto

Construction ProjectNon - Ferrous Metals

CementGas

Auto AncillariesOil

FinancePharmaceuticals

Telecom - ServicesSoftware

Consumer Non DurablesPetroleum Products

PowerBanks

BNP Paribas China-India Fund(An Open-Ended Equity Scheme)

Equity Holdings INDIA % of MarketNet Value

Assets (in ` Lacs)

Auto 2.03 103.46 Mahindra & Mahindra Ltd. 68.08 Bajaj Auto Ltd. 35.38

Auto Ancillaries 2.94 149.55 Bosch Ltd. 149.55

Banks 12.35 628.50 ICICI Bank Ltd. 200.60 HDFC Bank Ltd. 137.73 State Bank of India 126.21 Bank of Baroda 82.07 Federal Bank Ltd. 81.89

Cement 3.16 160.60 Ultratech Cement Ltd. 93.83 ACC Ltd. 66.77

Construction 0.60 30.72 ITD Cementation India Ltd. 30.72

Construction Project 2.42 71.80 Larsen & Toubro Ltd. 71.80

Consumer Non Durables 4.27 217.29 ITC Ltd. 173.12Asian Paints Ltd. 44.17


Finance 3.40 173.15 Housing Development Finance Corporation Ltd. 137.83 Bajaj Holdings and Investment Ltd. 35.32

Gas 2.80 142.64 GAIL (India) Ltd. 142.64



Minerals/mining 0.45 22.83 Coal India Ltd. 22.83

Non - Ferrous Metals 1.83 92.98 Sterlite Industries Ltd. 54.53 Hindustan Zinc Ltd. 38.45

Oil 3.54 180.40 Oil & Natural Gas Corporation Ltd. 138.51 Cairn India Ltd. 41.89

Petroleum Products 7.63 388.33 Reliance Industries Ltd. 250.86 Indian Oil Corporation Ltd. 81.56 Hindustan Petroleum Corporation Ltd. 55.91

Pharmaceuticals 4.94 251.28 Lupin Ltd. 145.48 Ranbaxy Laboratories Ltd. 61.78 Glaxosmithkline Pharmaceuticals Ltd. 44.02

POWER 3.65 186.02 Power Grid Corporation Ltd. 109.78 NTPC Ltd. 38.28 Gujarat Industries Power Co. Ltd. 37.96

Software 7.89 401.72 Infosys Technologies Ltd. 130.78 Tata Consultancy Services Ltd. 115.40 HCL Technologies Ltd. 78.18 Wipro Ltd. 54.04 NIIT Ltd. 23.32


Total Equity Holdings - INDIA 67.36 3,428.20

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Agricultural Products 0.09 4.54 China Agri-Industries 4.54 Airline 0.57 29.00 Air China - H 20.58 China Eastern Air - H 4.26 China Southern Airlines Co. Ltd. 4.16 Automobile Manufacturers 0.10 5.15 Great Wall Motor Company 5.15 Automobiles 0.27 13.80 Dongfeng Motor GroupCompany Ltd. 13.80 Banks 0.61 30.99 Bank of Communications 30.99 Brewers 0.09 4.70 Tsingtao Brewery 4.70 Chemical Manufacturing 0.24 12.21 China Merchants Hldg 12.21Coal 1.05 53.58 China Shenhua - H 41.26 China Coal Energy - H 12.32 Commercial Bank 2.68 136.19 Bank Of China Ltd. 95.42 China Minsheng Banking Corp. 14.97 China Citic Bank Corporation Ltd. 20.89 Chongqing Rural Commercial Bank Co Ltd 4.91 Communications Equipment 0.15 7.78 ZTE Corporation - H 6.53 O-Net Communications (Group) Ltd. 1.25 Communications Services 3.60 183.20 China Mobile 105.66 China Unicom 43.37 China Telecom Corp. - H 34.17 Construction 0.01 0.71 China State Construction 0.71Construction - Raw Materials 0.74 37.55 Anhui Conch - H 37.55 Construction & Engineering 0.56 28.46 China State Construction 17.28 China Railway Group 6.16 China Railway Construction Corp. 5.02 Construction & Farm Machinery & Heavy Trucks 0.31 15.80 Weichai Power 6.03 CSR Corporation Ltd 5.85 China National Materials Co.Ltd. - H Shs 3.92 Construction Materials 0.88 44.79 China National Building Materia Ltd. 33.52 BBMG 11.27 Construction Services 0.22 11.02 China Comm Const - H 11.02 Diversified Metals & Mining 0.12 6.00 Jiangxi Copper Company Ltd. 6.00 Electronics & Semiconductors 0.14 7.20 Byd Co. - H 7.20 Fertilizers & Agricultural Chemicals 0.14 7.29 Sino Fert Hol Dings Ltd. 3.69 China Bluechemical Ltd. 3.60 Food Products 0.05 2.34 Yashili International Holding Ltd. 2.34 Health Care Distributors 0.28 14.09 Sinopharm 14.09 Heavy Electrical Equipment 0.24 11.98 Harbin Power Equipment Co. 5.12 Shanghai Electric Group Co. Ltd. 3.95 Dongfang Electric Corp. Ltd. 2.91 Highways & Railtracks 0.07 3.65 Zhejiang Expressway 3.65

Foreign Securities % of Market(Equity & Equity Related Net ValueHoldings- China) Assets (in ` Lacs)

Who Should Invest ?


NAV Details

Benchmark Index

Date of AllotmentFund Manager

Investors seeking to take advantage of the investment opportunities presented by the fast growing economies of China and India.

The investment objective of the scheme is to provide long-term capital appreciation by primarily investing in equity and equity related securities of India and China. The fund may also invest a limited proportion in other international equity and equity related securities and also debt and money market instruments. However, there can be no assurance that the investment objectives of the Scheme and Plan launched there under will be realized. The Scheme/ Plans launched there under do not guarantee/indicate any returns.


65% of BSE 200 + 35% of FTSE China International Index October 16, 2007

(Since May 2, 2008):Mr. Amit Nigam (Total Experience: 11 years)(Since August 27, 2009):Mr. Chirag Mehta (Total Experience: 5 years)

10

ASSET ALLOCATION (%)Indian Equities (% of Net Assets)

April 29, 2011

Indian Equitiescomprise 67.36%of the Net Assets

0.45%0.47%0.60%0.96%1.42%1.60%1.83%2.03%

2.42%2.80%2.94%3.16%

3.40%3.54%3.65%

4.27%4.94%

7.63%7.89%

12.35%

0.00% 4.00% 8.00% 12.00% 16.00%

Minerals/MiningIndustrial Capital Goods

ConstructionFerrous Metals

Telecom - ServicesMedia & Entertainment

Non - Ferrous MetalsAuto

Construction ProjectGas

Auto AncillariesCementFinance

OilPower

Consumer Non DurablesPharmaceuticals


Banks

BNP Paribas China-India Fund(An Open-Ended Equity Scheme)

Load Structure


$Entry Load: Nil Exit Load: 1% if redeemed or switched-out upto 1 year from the date of subscription/switch-in.Nil if redeemed or switched-out after 1 year from the date of subscription/switch-in

Recurring Expenses Ratio (%) : 2.49Portfolio Turnover Ratio : 0.37Standard Deviation* : 0.64Sharpe Ratio* (24 Months) : -0.08Beta* : N.A.Sharpe Ratio = -0.08 annualised (based on last 36 monthly data points).Volatility/SD = 0.64% annualised (based on last 36 monthly data points)

Asset AllocationIndian Equities & Equity related Securities : 65 - 75%Chinese Equities &Equity related Securities : 25 - 35%Domestic Debt Instruments, Money Market Instruments & Other International Equity & Equity related Securities : 0 - 10%

No dividend has been declared under the scheme since its inception.Above benchmark is converted into Indian currency as per prevailing exchange rate of the last date of the Fact sheet. The benchmark may deviate to the extent of variations in terms of currency fluctuations.The sector classification for Chinese securities have been sourced from Reuters, since AMFI classification provides information on Indian securities only.* The information contained in this report has been obtained from sources considered to be authentic and reliable. This quantitative data does not purport to be an offer for purchase and sale of mutual fund units. The Standard Deviation is used to measure the volatility of returns. Sharpe Ratio is the measure of the risk - adjusted performance. Beta is the measure of the portfolio’s volatility to its respective benchmark. The risk free rate of return considered for calculation of Sharpe ratio is 5.56%, as per 3 years average 91 day T Bill cut-off rate.

Hypermarkets & Super Centers 0.07 3.60 Lianhua Supermarket 3.60 Independent Power Producers & Energy Traders 0.16 8.14 China Res Power 8.14 Industrial Conglomerates 0.07 3.52 Beijing Enterprises Holdings Ltd. 3.52 Insurance 0.32 16.54 Picc Prop & Casual - H 10.22 China Taiping Ord 6.32Insurance (life) 3.13 159.06Ping An Ins Grp - H 100.94 China Life Ins - H 58.12Investment Services 0.23 11.71 China Everbright 11.71 Machinery 0.24 12.12 China Rongsheng HeavyIndustries GroupHoldings Ltd. 12.12 Marine 0.14 7.13 China Cosco Hldgs - H 6.58 Shun Tak 0.55Marine Ports & Services 0.25 12.81Cosco Pacific 12.81Metal Mining 0.11 5.81 Aluminum Corp China 5.81Metals & Mining 0.33 16.56 Zijin Mining Group - H 8.35 Mongolian Mining Corp. 3.88 Angang New Steel - H 3.40 Maanshan Iron N Steel Co. Ltd. 0.93 Misc. Financial Services 0.28 14.25 China Resources Ent. 14.25 Miscelleneous 0.12 5.97 Far East Horizon Ltd. 5.97Money Center Banks 4.62 234.95 China Construct BK - H 122.30 Ind & Comm Bk - H 112.65 Multi-line Insurance 0.22 11.08 China Pacific Insurance(Group) Co. Ltd. 11.08

Oil & Gas - Integrated 2.16 109.81 Petrochina Company Ltd. 63.52 China Petroleum - H 46.29 Oil & Gas Drilling 0.14 6.99 China Oilfield - H 6.99Oil & Gas Exploration & Production 0.28 14.10 Kunlun Energy Company Ltd. 14.10 Oil & Gas Operations 2.68 136.31 Cnooc Ltd. 136.31 Oil, Gas & Consumable Fuels 0.95 48.29 Yanzhou Coal Mining Co. Ltd. 48.29 Paper Products 0.07 3.53 Nine Dragon Paper Holdings 3.53Pharmaceuticals 0.10 4.99 Guangzhou Pharmaceutical 4.99 Real Estate Management & Development 0.99 50.37 China Overseas Land & Invest Ltd. 25.44 China Resources Land Ltd. 10.68 Longfor Properties 6.69 Huaneng Power International Inc. 4.38 Poly Hong Kong Investment 3.18 Real Estate Operations 0.17 8.67 Guangzhou R&F - H 8.67Regional Banks 0.35 17.74 China Merchants Bank 17.74 Transportation 0.20 10.23 China Shipping Container Lines Ltd. 10.23 Water Transportation 0.05 2.79 China Ship Dev - H 2.79 Total Equity Holdings - CHINA 31.60 1,608.38Total Equity Holdings 98.96 5,036.58Net Receivables / (Payables) 1.04 53.15 GRAND TOTAL 100.00 5,089.73

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ASSET ALLOCATION (%)Chinese Equities (% of Net Assets)


BNP Paribas China-India Fund - Growth Option -3.08 0.39 6.4665% of BSE 200 + 35% of FTSE China International Index -1.77 2.32 7.31

Period: October 16, 2007 - April 29, 2011. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Since inception returns are calculated on ̀ 10/- invested at inception.

PERFORMANCE

April 29, 2011

Chinese Equitiescomprise 31.60%of the Net Assets

0.14%0.15%

0.05%0.05%0.07%0.07%0.07%0.07%0.09%0.09%0.10%0.10%0.11%0.12%0.12%0.14%0.14%0.14%

0.16%0.17%0.20%0.22%0.22%0.23%0.24%0.24%0.24%0.25%0.27%0.28%0.28%0.28%0.31%0.32%0.33%0.35%

0.56%0.57%0.61%

0.74%0.88%0.95%0.99%1.05%

2.16%2.68%2.68%

3.13%3.60%

0.00% 1.00% 2.00% 3.00% 4.00%

Food ProductsWater Transportation

Highways & RailtracksHypermarkets & Super Centers

Industrial ConglomeratesPaper Products

Agricultural ProductBrewers

Automobile ManufacturersPharmaceuticals

Metal MiningDiversified Metals & Mining

MiscellenousElectronics & Semiconductors

Fertilizers & Agricultural ChemicalsMarine

Oil & Gas DrillingCommunications Equipment

Independent Power Producers & Energy TradersReal Estate Operations

TransportationConstruction ServicesMulti-line InsuranceInvestment Services

Chemical ManufacturingHeavy Electrical Equipment

MachineryMarine Ports & Services

AutomobilesHealth Care DistributorsMisc. Financial Services

Oil & Gas Exploration & ProductionConstruction & Farm Machinery & Heavy Trucks

InsuranceMetals & Mining

Regional BanksConstruction & Engineering

AirlineBanks

Construction - Raw MaterialsConstruction Materials

Oil, Gas & Consumable FuelsReal Estate Management & Development

CoalOil & Gas - Integrated

Commercial BankOil & Gas Operations

Insurance (life)Communications Services

BNP Paribas Flexi Debt Fund(An Open-Ended Income Scheme)

Who Should Invest ?


NAV Details


Load Structure


Investors seeking to take advantage of volatile debt markets & having an investment horizon of 9 - 12 months.

The primary objective of the Scheme is to generate income through investments in a range of Debt and Money Market Instruments of various maturities with a view to maximise income while maintaining an optimum balance between yield, safety and liquidity. However, there can be no assurance that the investment objective of the Scheme will be achieved.The Scheme / Plan(s) do not guarantee / indicate any returns.

Regular PlanGrowth Option : ` 16.6358Daily Dividend Option : ` 10.0904Weekly Dividend Option : ` 10.0261Monthly Dividend Option : ` 10.0334Quarterly Dividend Option : ` 10.0867Half Yearly Dividend Option : ` 10.0869Regular Plan AGrowth Option : ` 11.4425Monthly Dividend Option : ` 10.0314Quarterly Dividend Option : ` 10.0866

CRISIL Composite Bond Fund Index September 23, 2004

(Since June 16, 2008):Mr. Alok Singh (Total Experience: 9 years)

Regular Plan & Regular Plan A:$Entry Load: Nil

Exit Load: NilCDSC : 0.75% if redeemed or switched-out within 6 months from the date of subscription/switch-in, Nil if redeemed or switched-out after 6 months from the date of subscription/switch-in.

Recurring Expenses Ratio - Regular Plan - Growth Option (%) : 2.24Recurring Expenses Ratio - Regular Plan A - Growth Option (%) : 2.24Average Maturity : 0.98 yearsModified Duration : 0.72 yearsYTM (%) : 10

Asset AllocationDebt Instruments with maturity of more than 1 year : 70 - 90%Money Market Instruments (including cash/ call money & Reverse Repo) anddebentures with maturity of lessthan 1 year : 30 - 100%

12

Fixed Income % of Market RatingHoldings Net Value (in

Assets ` Lacs)Corporate Debt 33.86 2,818.75 SREI Equipment Finance Pvt. Ltd. 1,733.62 CAREAAShriram Transport Finance Co. Ltd. 489.81 AA(IND)Reliance Capital Ltd. 282.67 CARE AAANational Aviation Co. AAA (IND)of India Ltd. 192.24 (SO)Fullerton India Credit Co. Ltd. 100.44 LAA+Educomp Infra & School Mgm. Ltd. 19.97 A(IND)(SO)Money Market Instruments 65.75 5,473.11 Future Capital Holdings Ltd. - CP 2,399.16 PR1+

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Religare Finvest Ltd. -CP 1,794.57 A1+Religare Finvest Ltd. -CP 503.55 A1+Religare Finvest Ltd. -CP 337.99 A1+Acme Tele Power Ltd. -CP 145.37 P3Sundaram Finance Ltd. -CP 29.52 A1+CBLO/Repo Instruments 262.95 Total Fixed Income Holdings 99.61 8,291.86 Net Receivables / (Payables) 0.39 32.45GRAND TOTAL 100.00 8,324.31


BNP Paribas Flexi Debt Fund - Regular Plan - Growth Option 8.01 9.25 9.28 3.76CRISIL Composite Bond Fund Index 5.34 5.84 5.93 4.52

# First NAV of the plan declared on February 16, 2009. With effect from August 24, 2009, no fresh subscriptions/switch-in shall be permitted under the Scheme, BNP Paribas Flexi Debt Fund - Regular Plan A.Period: September 23, 2004 - April 29, 2011. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Since inception returns are calculated on ̀ 10/- invested at inception. Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable.

PERFORMANCE

Since Inception Last 1 year(% CAGR) (% CAGR)

#BNP Paribas Flexi Debt Fund - Regular Plan A - Growth Option 6.32 3.76CRISIL Composite Bond Fund Index 4.89 4.52


April 29, 2011

COMPOSITION BY ASSETS

CREDIT QUALITY PROFILE


Assets ` Lacs)


Individual Others

Regular Plan - Monthly Dividend Option (Last 3 months)28-Feb-2011 0.0266 0.0248 10.0325 10.0022 1-Mar-201131-Mar-2011 0.1189 0.1108 10.1374 10.0021 1-Apr-201129-Apr-2011 0.0279 0.0261 10.0334 10.0017 30-Apr-2011

Regular Plan A - Monthly Dividend Option (Last 3 months)28-Feb-2011 0.0266 0.0248 10.0303 10.0000 1-Mar-201131-Mar-2011 0.1189 0.1108 10.1353 10.0000 1-Apr-201129-Apr-2011 0.0277 0.0258 10.0314 10.0000 30-Apr-2011

Regular Quarterly Dividend Option (Last 3 quarters)29-Sep-2010 0.0932 0.0869 10.1485 10.0424 30-Sep-201031-Dec-2010 0.0456 0.0425 10.0564 10.0000 1-Jan-201131-Mar-2011 0.1012 0.0943 10.1704 10.0552 1-Apr-2011

Regular Plan-A Quarterly Dividend Option (Last 3 quarters)29-Sep-2010 0.0932 0.0869 10.1485 10.0424 30-Sep-201031-Dec-2010 0.0456 0.0425 10.0563 10.0000 1-Jan-201131-Mar-2011 0.1012 0.0943 10.1704 10.0552 1-Apr-2011

Regular Half Yearly Dividend Option (Last 2 years)29-Sep-2009 0.6375 0.5933 10.7278 10.0000 30-Sep-200931-Mar-2010 0.1833 0.1706 10.2531 10.0438 1-Apr-201029-Sep-2010 0.2053 0.1913 10.2767 10.0430 30-Sep-201031-Mar-2011 0.1478 0.1378 10.2238 10.0555 1-Apr-2011

Regular Plan-A Half Yearly Dividend Option (Last 2 years)31-Mar-2010 0.1641 0.1527 10.2310 10.0437 1-Apr-201029-Sep-2010 0.2053 0.1913 10.2767 10.0430 30-Sep-2010

Pursuant to payment of dividend, the NAV of the scheme has fallen to the extent of dividend distribution and statutory levy (if any). Past performance may or may not be sustained in future

DIVIDEND HISTORY

Net Receivables / (Payables) 0.39%

Corporate Debt 33.86%

Money Market Instruments 65.75%

AA & Equivalent 27.92%

AAA & Equivalent66.55%

Net Receivables / (Payables) 0.39%Others 1.99%Repo Instruments 3.16%

BNP Paribas Monthly Income Plan(An Open-Ended Income Scheme. Monthly income is not assured & is subject to the availability of distributable surplus)

Who Should Invest ?


NAV Details


Load Structure


Conservative investors seeking the stability offered by debt & growth potential of equities.

The primary objective of the Scheme is to generate regular returns through investment primarily in Debt and Money Market Instruments. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme's assets in equity and equity related securities. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

Growth Option : ` 14.6098Monthly Dividend Option : ` 10.0877Quarterly Dividend Option : ` 10.1793

CRISIL MIP Blended Index September 23, 2004

(Since October 1, 2007)Mr. Alok Singh Fund Manager For Fixed Income Portfolio (Total Experience: 9 years)(w.e.f. April 1, 2011)Mr. Amit Nigam Fund Manager ForEquity Portfolio (Total Experience: 11 years)

$Entry Load: Nil Exit Load : NilCDSC: 1% if redeemed or switched-out within 1 year from the date of subscription/switch-in.Nil if redeemed or switched-out after 1 year from the date of subscription/ switch-in

Recurring Expenses Ratio (%) : 2.24Modified Duration : 0.22 yearsAverage Maturity : 0.38 years

Asset AllocationDebt & Money Market Instruments(including cash/ call money) : 85 - 100%Equity & Equity related Securities : 15 - 20%


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Assets (in ` Lacs)

Auto Ancillaries 1.16 11.23 Bosch Ltd. 6.65 Exide Industries Ltd. 4.58

Banks 2.11 20.49 HDFC Bank Ltd. 11.48 Punjab National Bank 3.85 State Bank of India 3.79 Bank of Baroda 1.37

Cement 1.54 14.88 ACC Ltd. 8.35 Ultratech Cement Ltd. 6.53

Consumer Non Durables 2.31 22.41 ITC Ltd. 11.54 Nestle India Ltd. 3.99 E.I.D. Parry (India) Ltd. 3.55 Asian Paints Ltd. 3.33

Gas 0.89 8.62 Indraprastha Gas Ltd. 4.82 GAIL (India) Ltd. 3.80


Minerals/mining 0.27 2.66 Coal India Ltd. 2.66

Media & Entertainment 0.95 9.16 Sun TV Network Ltd. 5.12 Zee Entertainment Enterprises Ltd. 4.04

Non - Ferrous Metals 0.38 3.64 Sterlite Industries Ltd. 3.64

Oil 0.64 6.22 Cairn India Ltd. 3.14 Oil & Natural Gas Corporation Ltd. 3.08


Petroleum Products 0.63 6.08 Castrol India Ltd. 6.08

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Pharmaceuticals 0.51 4.95 Ranbaxy Laboratories Ltd. 2.75 Lupin Ltd. 2.20

Power 1.32 12.76 Power Grid Corporation Ltd. 7.84 NTPC Ltd. 4.92


Textile Products 0.19 1.84 Grasim Industries Ltd. 1.84

Total Equity Holdings 14.56 141.10


Assets (in ` Lacs)


Individual Others

Monthly Dividend Option (Last 3 months)30-Jul-2010 0.0262 0.0244 10.0298 10.0000 31-Jul-201031-Mar-2011 0.0431 0.0402 10.0519 10.0028 1-Apr-201129-Apr-2011 0.0650 0.0607 10.0877 10.0139 30-Apr-2011

Quarterly Dividend Option (Last 3 quarters)31-Mar-2010 0.0812 0.0756 10.0927 10.0000 1-Apr-201030-Jun-2010 0.0502 0.0467 10.0996 10.0425 1-Jul-201031-Dec-2010 0.0037 0.0034 10.0533 10.0322 1-Jan-2011


DIVIDEND HISTORY


BNP Paribas Monthly Income Plan - Growth Option 5.91 4.13 3.10 1.89CRISIL MIP Blended Index 7.92 7.17 6.27 5.39

Period: September 23, 2004 - April 29, 2011. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Since inception returns are calculated on ̀ .10/- invested at inception. Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable.

PERFORMANCE

Corporate Debt 25.90 250.89 Shriram Transport Finance Co. Ltd. 151.26 AA(IND)SREI Equipment Finance Pvt. Ltd. 99.63 CAREAA

Money Market Instruments 46.72 452.59 Federal Bank Ltd. - CD 197.08 P1+Kotak Mahindra Investments Ltd. - CP 142.32 A1+IL&FS Financial Services Ltd. - CP 47.37 A1+Reliance Capital Ltd. - CP 41.45 A1+Reliance Capital Ltd. - CP 14.77 A1+Religare Finvest Ltd. - CP 9.60 A1+

Total Fixed Income Holdings 72.61 703.48


GRAND TOTAL 100.00 968.81

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Assets ` Lacs)

April 29, 2011




Total Equity Holding 14.56%




Equity 14.56%


AAA & Equivalent 46.72%

BNP Paribas Money Plus Fund(An Open-Ended Income Scheme)

CRISIL *AAAf


Who Should Invest ?


NAV Details


Load Structure


Risk averse investors with a medium term investment horizon seeking market returns in times of interest rate volatility.

The primary objective of the Scheme is to provide income consistent with the prudent risk from a portfolio comprising of floating rate debt instruments, fixed rate debt instruments, money market instruments and derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme do not guarantee / indicate any returns.

Regular PlanGrowth Option : ` 14.7332Daily Dividend Option : ` 10.0053Weekly Dividend Option : ` 10.0068Monthly Dividend Option : ` 10.0732Institutional PlanGrowth Option : ` 14.9388Daily Dividend Option : ` 10.0053Weekly Dividend Option : ` 10.0068Monthly Dividend Option : ` 10.0745

CRISIL Liquid Fund Index October 21, 2005

(Since September 1, 2007):Mr. Alok Singh (Total Experience: 9 years)

Regular Plan & Institutional Plan: $Entry Load: Nil

^Exit Load : 0.15% shall be charged if units are redeemed / switched-out within 7 days from the date of investment. The exit load shall not be charged in case of switches between plans/ options of the scheme. Further, no exit load shall be charged on dividend re-investment units.

Recurring Expenses Ratio - Regular Plan(%) : 0.70Recurring Expenses Ratio - Institutional Plan(%) : 0.52Average Maturity : 0.17 yearsModified Duration : 0.15 yearsYTM (%) : 8.85

Asset AllocationFloating Rate Debt Instruments (including Money Market Instruments, Debt Instruments of residual maturity residual maturity less than one year as also Fixed Rate Debt Instruments swapped for floating rate returns): 65 - 100%Fixed Rate Debt Instruments (including Money Market Instruments & Floating Rate Debt Instruments swapped for fixed rate returns): 0 - 35%

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Assets ` Lacs)Corporate Debt 22.23 22,907.24 Mahindra & Mahindra Financial Services Ltd. 5,017.04 AA(IND)Receivable Sec Trust 3,064.06 CAREAAASr XIV (SO)Deccan Chronicle Holdings Ltd. 2,496.64 PR1+RHC Holding Pvt. Ltd. 2,489.82 A1+(SO)Tata Sons Ltd. 2,480.99 AAADHFL Holding Pvt. Ltd. 1,515.78 PR1+(SO)Indian Infra Equi Rec 1,117.70 AAA(IND)Trust Jul 09 (SO)Shriram Transport Finance Co. Ltd. 1,008.38 AA(IND)SREI Infrastructure Finance Ltd. 996.17 CAREAAGemini Industries & Imaging Pvt. Ltd. 901.35 BWRAAShriram Transport Finance Co. Ltd. 859.07 AA(IND)CLSS 16 Trust 2011Series A2 456.47 P1+(SO)CLSS 17 Trust 2011 Series A 303.85 PR1+(SO)Shriram Transport Finance Co. Ltd. 199.92 AA(IND)Treasury Bill 5.28 5,442.64 63 Days Cash Management Bill (2011) 2,970.28 SOV91 Days Treasury Bill (2011) 2,472.36 SOVMoney Market Instruments 68.08 70,169.07 ICICI Bank Ltd. -CD 4,995.25 A1+Infina FinancePrivate Limited -CP 4,979.57 P1+IDBI Bank Ltd. -CD 4,968.97 A1+Securities Trading Corp. Ind Ltd. -CP 4,945.07 A1+Canara Bank -CD 4,927.01 P1+Vijaya Bank -CD 4,924.09 PR1+Punjab National Bank -CD 4,923.38 A1+ICICI Securities Ltd. -CP 3,444.79 P1+

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Trapti Trading & Invest Pvt. Ltd. -CP 2,966.55 A1+JM Financial Products Pvt. Ltd. -CP 2,498.36 P1+Edelweiss Capital Ltd. - CP 2,498.26 P1+SREI Infrastructure Finance Ltd. - CP 2,478.73 PR1+Magma Fincorp Ltd. - CP 2,474.84 PR1+Monnet Ispat and Energy Ltd. - CP 2,474.19 PR1+Subros Ltd. - CP 1,976.18 A1+Religare Securities Ltd. - CP 1,770.96 P1+Religare Finvest Ltd. - CP 1,641.65 A1+Punjab National Bank -CD 1,479.28 PR1+Reliance Mediaworks Ltd. - CP 1,476.06 A1+(SO)Acme Tele Power Ltd. - CP 1,381.05 P3Reliance Consumer Finance Pvt. Ltd. - CP 983.87 A1+Future Capital Holdings Ltd. - CP 710.15 PR1+Reliance Home Finance Ltd. - CP 491.93 A1+Karvy Financial Services Ltd. - CP 490.77 A1+(SO)Canara Bank - CD 396.86 A1+State Bank of Patiala - CD 230.80 A1+Federal Bank Ltd. -CD 197.08 P1+Religare Finvest Ltd.-CP 196.77 A1+HDFC Bank Ltd. -CD 149.69 PR1+Sundaram FinanceLtd. -CP 137.76 A1+Religare Finvest Ltd. -CP 91.56 A1+State Bank of Mysore -CD 38.11 A1+CBLO/Repo Instruments 2,829.48Total Fixed Income Holdings 95.59 98,518.95 Net Receivables / (Payables) 4.41 4,542.32 GRAND TOTAL 100.00 103,061.27


* The assigned rating AAAf is valid only for “BNP Paribas Money Plus Fund”. The rating of CRISIL is not an opinion of the Asset Management Company’s willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability if the NAV of the Fund, which could vary with market developments.


Individual Others

Regular Plan - Monthly Dividend Option (Last 3 months)28-Feb-2011 0.0535 0.0499 10.0609 10.0000 1-Mar-201131-Mar-2011 0.0664 0.0619 10.0756 10.0000 1-Apr-201129-Apr-2011 0.0645 0.0602 10.0732 10.0000 30-Apr-2011

Institutional Plan - Monthly Dividend Option (Last 3 months)28-Feb-2011 0.0545 0.0508 10.0621 10.0000 1-Mar-201131-Mar-2011 0.0675 0.0629 10.0768 10.0000 1-Apr-201129-Apr-2011 0.0656 0.0613 10.0745 10.0000 30-Apr-2011


DIVIDEND HISTORY


BNP Paribas Money Plus Fund - Regular Plan - Growth Option 7.26 7.48 7.19 6.88

BNP Paribas Money Plus Fund - Institutional Plan - Growth Option 7.53 7.72 7.45 7.08

CRISIL Liquid Fund Index 6.41 6.48 6.16 6.50

Period: October 21, 2005 - April 29, 2011. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Since inception returns are calculated on ` 10/- invested at inception. Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable.

PERFORMANCE



April 29, 2011


Assets ` Lacs)

Net Receivables / (Payables)4.41%

Treasury Bill 5.28%




Sovereign 5.28%



Repo Instruments 2.75%Below AA 1.34%

BNP Paribas Bond Fund(An Open Ended Income Scheme)



Assets ` Lacs)Corporate Debt 67.24 13,735.75 SREI Equipment Finance Pvt. Ltd. 2,949.15 CAREAACLSS 17 Trust 2011 Series A 2,228.23 PR1+(SO)Tata Housing Development Co. Ltd. 2,207.40 CARE AA (-)CLSS 16 Trust 2011Series A2 1,825.89 P1+(SO)Shriram Transport Finance Co. Ltd. 1,361.31 AA(IND)Gemini Industries & Imaging Pvt. Ltd. 1,001.51 BWRAAShriram Transport Finance Co. Ltd. 809.68 AA(IND)I L & F S Ltd. 787.70 CAREAAAEducomp Infra & School Mgm Ltd. 379.49 A(IND)(SO)CLSS 16 Trust 2011 Series A1 135.97 P1+(SO)First Leasing Co. Ltd. 49.42 CAREAAMoney Market Instruments 30.49% 6,227.52 Television Eighteen India Ltd. -CP 2,901.93 A1+(SO)

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Future Capital Holdings Ltd. -CP 1,689.01 PR1+Religare Finvest Ltd. -CP 719.75 A1+Acme Tele Power Ltd. -CP 290.75 P3State Bank of Mysore -CD 209.62 A1+Religare Finvest Ltd. -CP 98.39 A1+IL&FS Financial Services Ltd. -CP 47.37 A1+Religare Finvest Ltd. -CP 45.78 A1+Reliance Capital Ltd. -CP 29.54 A1+Manappuram General Fin & Leasing Ltd. -CP 24.45 P1+Canara Bank -CD 4.96 A1+CBLO/Repo Instruments 165.97 Total Fixed Income Holdings 97.73 19,963.27 Net Receivables / (Payables) 2.27 464.40GRAND TOTAL 100.00 20,427.67

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Who Should Invest ?


NAV Details


Load Structure


Investors seeking to take advantage of volatile debt markets & having an investment horizon of 12 - 18 months.

The investment objective of the Scheme is to generate income and capital gains through investments in a portfolio of debt and money market instruments. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme launched hereunder does not guarantee/indicate any returns.

Regular PlanGrowth Option : ` 12.4705Monthly Dividend Option : ` 10.0645Quarterly Dividend Option : ` 10.1056Annual Dividend Option : ` 10.1073Institutional PlanGrowth Option : ` 10.6723Monthly Dividend Option : ` 10.0685Quarterly Dividend Option : ` 10.1110Annual Dividend Option : ` 10.1124

CRISIL Composite Bond Fund Index November 8, 2008

(Since October 9, 2008)Mr. Alok Singh (Total Experience: 9 years)

Regular Plan & Institutional Plan: $Entry Load: Nil

^Exit Load : 2% if redeemed/ switched out upto 1 year from the date of subscription. In case of inter scheme switches, exit load, if any, will be charged. However, for intra scheme switches, no exit load will be charged. Nil if redeemed/ switched out after 1 year from the date of subscription/ switch in. No exit load will be charged for Dividend reinvestment units.

Recurring Expenses Ratio - Regular Plan (%) : 1.99Recurring Expenses Ratio - Institutional Plan (%) : 1.50Average Maturity : 1.01 yearsModified Duration : 0.63 yearsYTM (%) : 10.05

Asset AllocationDebt Instruments : 15 - 100%Money Market Instruments : 0 - 85%

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Since Inception Last 1 year(% CAGR) (% CAGR)

BNP Paribas Bond Fund - Regular Plan - Growth Option 9.33 6.39

CRISIL Composite Bond Fund Index 7.18 4.52

Period: November 08, 2008 - April 29, 2011. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Since inception returns are calculated on ̀ 10/- invested at inception. Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable.

PERFORMANCE


April 29, 2011


Assets ` Lacs)


Individual Others

Regular Plan Monthly Dividend Option (Last 3 months)28-Feb-2011 0.0842 0.0784 10.0958 10.0000 1-Mar-201131-Ma-2011 0.0940 0.0876 10.1070 10.0000 1-Apr-201129-Apr-2011 0.0568 0.0530 10.0645 10.0000 30-Apr-2011

Institutional Plan Monthly Dividend Option (Last 3 months)28-Feb-2011 0.0914 0.0851 10.1040 10.0000 1-Mar-201131-Mar-2011 0.0977 0.0910 10.1112 10.0000 1-Apr-201129-Apr-2011 0.0603 0.0563 10.0685 10.0000 30-Apr-2011

Regular Plan Quarterly Dividend Option (Last 3 quarters)29-Sep-2010 0.1228 0.1145 10.1557 10.0159 30-Sep-201031-Dec-2010 0.1010 0.0942 10.1276 10.0000 1-Jan-201131-Mar-2011 0.1544 0.1439 10.2166 10.0408 1-Apr-2011

Regular Annual Dividend Option (Last 3 quarters)5-Oct-2009 0.3831 0.3565 10.4374 10.0001 6-Oct-200931-Mar-2010 0.4702 0.4376 10.5368 10.0000 1-Apr-201031-Mar-2011 0.5085 0.4739 10.6213 10.0424 1-Apr-2011

Institutional Plan - Quarterly-Dividend Option (Last 3 quarters)29-Sep-2010 0.1337 0.1246 10.1692 10.0170 30-Sep-201031-Dec-2010 0.1120 0.1044 10.1417 10.0000 1-Jan-201131-Mar-2011 0.1658 0.1545 10.2309 10.0422 1-Apr-2011

Institutional Plan Annual Dividend Option (Last 3 quarters)31-Mar-2011 0.4500 0.4194 10.5558 10.0435 1-Apr-2011


DIVIDEND HISTORY







Below AA 3.28%

Repo Instruments 0.81%

BNP Paribas Short Term Income Fund(An Open-Ended Income Scheme)



16

Who Should Invest ?


NAV Details


Load Structure


Investors who seek to insulate themselves from price volatility caused by interest rate movements in the debt markets.

The primary objective of the Scheme is to provide income consistent with the prudent risk from a portfolio comprising various debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme / Plan(s) do not guarantee / indicate any returns.

Regular PlanGrowth Option : ` 15.2021Monthly Dividend Option : ` 10.0543Weekly Dividend Option : ` 10.0033Quarterly Dividend Option : ` 10.1062Institutional PlanGrowth Option : ` 11.2762Daily Dividend Option : ` 10.0021Weekly Dividend Option : ` 10.0034Monthly Dividend Option : ` 10.0563Quarterly Dividend Option : ` 10.1084

CRISIL Short Term Bond Fund Index September 13, 2004

(w.e.f. October 1, 2009): Mr. Chirag Doshi (Total Experience: 8 years)

(w.e.f. December 30, 2010)Regular, Institutional & Institutional Plus Plans:

$Entry Load: Nil ^Exit Load : 0.50% if redeemed/ switched-out upto 6 months

from the date of subscription/switch-in.Nil if redeemed/ switched-out after 6 months from the date of subscription/ switch-in.

Recurring Expenses Ratio - Regular Plan (%) : 1.25Recurring Expenses Ratio - Institutional Plan (%) : 1.00Average Maturity : 0.64 yearsModified Duration : 0.61 yearsYTM (%) : 9.45

Asset AllocationDebt and Money Market Instruments with maturity upto 1 year including Floating Rate Instruments with interest reset upto 1 year: 50 - 100%Debt Instruments with maturity above 1 year including Floating Rate Instruments with interest reset above 1 year: 0 - 50%


Fixed Income Holdings % of Net Assets Market Value (in ` Lacs) Rating

Corporate Debt 14.67 465.84 SREI Equipment Finance Pvt. Ltd. 199.27 CAREAAI L & F S Ltd. 196.92 CAREAAAFullerton India Credit Co. Ltd. 49.64 LAA+Tata Sons Ltd. 20.01 AAA

Money Market Instruments 83.83 2,661.38 State Bank of Patiala -CD 711.25 A1+State Bank of Mysore -CD 705.09 A1+Canara Bank -CD 470.57 P1+Bank of India -CD 183.98 P1+Bank of Baroda -CD 183.84 A1+Bank of India -CD 27.72 P1+CBLO/Repo Instruments 378.93

Total Fixed Income Holdings 98.50 3,127.22


GRAND TOTAL 100.00 3,174.80

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BNP Paribas Short Term Income Fund - Regular Plan - Growth Option 6.52 7.02 7.13 6.18

CRISIL Short Term Bond Fund Index 6.35 6.95 6.82 4.98

Period: September 13, 2004 - April 29, 2011. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Since inception returns are calculated on ̀ 10/- invested at inception. Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable.

PERFORMANCE

April 29, 2011


Individual Others

Monthly Dividend Option - Regular Plan (Last 3 months)28-Feb-2011 0.0373 0.0348 10.0425 10.0000 1-Mar-201131-Mar-2011 0.1047 0.0976 10.1247 10.0055 1-Apr-201129-Apr-2011 0.0478 0.0446 10.0543 10.0000 30-Apr-2011

Monthly Dividend Option - Institutional Plan (Last 3 months)28-Feb-2011 0.0388 0.0362 10.0442 10.0000 1-Mar-201131-Mar-2011 0.1066 0.0994 10.1269 10.0055 1-Apr-201129-Apr-2011 0.0496 0.0463 10.0563 10.0000 30-Apr-2011

Monthly Dividend Option - Institutional Plus Plan (Last 3 months)31-Dec-2008 0.1098 0.1022 10.1285 10.0031 1-Jan-200930-Jan-2009 0.0881 0.0820 10.1032 10.0026 31-Jan-200927-Feb-2009 0.0215 0.0200 10.0262 10.0017 28-Feb-2009

Quarterly Dividend Option (Last 3 quarters)29-Sep-2010 0.1201 0.1119 10.1517 10.0150 30-Sep-201031-Dec-2010 0.1234 0.1150 10.1634 10.0054 1-Jan-201131-Mar-2011 0.1490 0.1389 10.2267 10.0571 1-Apr-2011

Institutional Quarterly Dividend Option (Last 3 quarters)31-Mar-2011 0.0685 0.0639 10.1353 10.0573 1-Apr-2011


DIVIDEND HISTORYNet Receivables / (Payables) 1.50%






Repo Instruments11.94%

BNP Paribas Overnight Fund(An Open-Ended Liquid Scheme)

CRISIL *AAAf



Assets ` Lacs)Corporate Debt 2.04 3,524.17 DHFL Holding Pvt. Ltd. 2,526.30 PR1+(SO)LIC Housing Finance Ltd. 997.87 AAATreasury Bill 2.57 4,456.99 63 Days Cash Management Bill (2011) 2,970.28 SOV91 Days Treasury Bill (2011) 1,486.71 SOVMoney Market Instruments 95.35 165,111.56 Punjab National Bank -CD 9,851.91 PR1+ING Vysya Bank Ltd. -CD 4,997.15 P1+Infina Finance Private Limited -CP 4,979.57 P1+Vijaya Bank -CD 4,976.18 PR1+Federal Bank Ltd. -CD 4,964.52 P1+ING Vysya Bank Ltd. -CD 4,950.83 P1+Securities Trading Corp. Ind. Ltd. -CP 4,945.07 A1+Bank of Maharashtra -CD 4,943.85 P1+Dhanlaxmi Bank Ltd. -CD 4,942.15 PR1+Federal Bank Ltd. -CD 4,933.83 P1+UCO Bank -CD 4,928.45 P1+Allahabad Bank -CD 4,928.10 A1+Canara Bank -CD 4,927.01 P1+Muthoot Finance Ltd. -CP 4,925.27 P1+Central Bank of India -CD 4,921.63 PR1+Television Eighteen India Ltd. -CP 3,459.46 A1+(SO)Karur Vysya Bank Ltd. -CD 3,444.91 A1+Reliance Mediaworks Ltd. -CP 3,444.14 A1+(SO)JM Financial Products Pvt. Ltd. -CP 2,498.36 P1+Edelweiss Capital Ltd. -CP 2,498.26 P1+Allahabad Bank -CD 2,492.64 A1+United Bank of India -CD 2,485.00 A1+Punjab National Bank -CD 2,481.21 PR1+SREI Infrastructure Finance Ltd. -CP 2,478.73 PR1+Punjab National Bank -CD 2,476.60 PR1+Magma Fincorp Ltd. -CP 2,474.84 PR1+

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3333

333

Monnet Ispat and Energy Ltd. -CP 2,474.19 PR1+Karur Vysya Bank Ltd. -CD 2,474.10 P1+UCO Bank -CD 2,473.46 P1+Trapti Trading & Invest Pvt. Ltd. -CP 2,472.13 A1+JM Financial Services Pvt. Ltd. -CP 2,471.54 P1+Apollo Tyres Ltd. -CP 2,469.23 P1+Shoppers Stop Ltd. -CP 2,469.09 F1+HDFC Bank Ltd. -CD 2,468.97 F1+Ericsson India Pvt. Ltd. -CP 2,468.62 A1+Ess Dee Aluminium Ltd. -CP 2,466.98 P1+Central Bank of India -CD 2,466.89 PR1+Edelweiss Capital Ltd. -CP 2,464.01 P1+Morgan Stanley (I) Capital Pvt. Ltd. -CP 2,460.40 F1+Oriental Bank of Commerce -CD 2,459.63 P1+Religare Finvest Ltd. -CP 2,453.70 A1TGS Investment & Trade Pvt. Ltd. -CP 2,448.11 A1+Investsmart Financial Services Ltd. -CP 1,998.65 F1+Century Enka Ltd. -CP 1,481.34 P1+Corporation Bank -CD 991.64 P1+State Bank of India -CD 986.16 P1+Surya Roshni Ltd. -CP 985.87 A1+sJM Financial Products Pvt. Ltd. -CP 983.87 P1+Religare Finvest Ltd. -CP 885.48 A1+Sundaram Finance Ltd. -CP 767.52 A1+Canara Bank -CD 689.55 A1+Reliance Capital Ltd. -CP 147.71 A1+Federal Bank Ltd. -CD 49.27 P1+TGS Investment & Trade Pvt Ltd. -CP 19.94 A1+CBLO/Repo Instruments 6,313.84 Total Fixed Income Holdings 99.95 173,092.72 Net Receivables / (Payables) 0.05 78.46GRAND TOTAL 100.00 173,171.18



Assets ` Lacs)

* The assigned rating AAAf is valid only for 'BNP Paribas Overnight Fund'. The rating of CRISIL is not an opinion of the Asset Management Company's willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the fund, which could vary with market developments.

Who Should Invest ?


NAV Details


Load Structure


Investors seeking to generate regular returns in line with the Overnight rates and wanting to invest for a period of 1 day to a month.

The primary investment objective of the Scheme is to generate regular returns in line with the overnight rates. However, there can be no assurance that the investment objective of the Plans/ Scheme will be realised.

Regular PlanGrowth Option : ` 14.7792Weekly Dividend Option : ` 10.0027Monthly Dividend Option : ` 10.0679Institutional PlanGrowth Option : ` 15.1699Daily Dividend Option : ` 10.0030Weekly Dividend Option : ` 10.0028Monthly Dividend Option : ` 10.0723

CRISIL Liquid Fund Index September 2, 2004

(Since February 12, 2007):Mr. Alok Singh (Total Experience: 9 years)

There is no Entry Load$ or Exit Load or CDSC. No entry/ exit load will be charged on Bonus units/ Dividend Re-investment units.

Recurring Expenses Ratio - Regular Plan (%) : 0.75Recurring Expenses Ratio - Institutional Plan (%) : 0.37Recurring Expenses Ratio - Institutional Plus Plan (%) : 0.12Average Maturity : 0.12 yearsModified Duration : 0.12 yearsYTM (%) : 9.00

Asset AllocationDebt Securities & Money MarketInstruments upto 91 days only : 0 - 100%


Individual OthersMonthly Dividend Option - Regular Plan (Last 3 months)28-Feb-2011 0.0465 0.0465 10.0596 10.0002 1-Mar-201131-Mar-2011 0.0547 0.0547 10.0699 10.0000 1-Apr-201129-Apr-2011 0.0534 0.0534 10.0679 10.0001 30-Apr-2011Monthly Dividend Option - Institutional Plan (Last 3 months)28-Feb-2011 0.0497 0.0497 10.0637 10.0002 1-Mar-201131-Mar-2011 0.0584 0.0584 10.0746 10.0000 1-Apr-201129-Apr-2011 0.0568 0.0568 10.0723 10.0001 30-Apr-2011Monthly Dividend Option - Institutional Plus Plan (Last 3 months)30-Apr-2010 0.0011 0.0011 10.0014 10.0000 1-May-200931-May-2010 0.0346 0.0346 10.0442 10.0000 1-Jun-2010Pursuant to payment of dividend, the NAV of the scheme has fallen to the extent of dividend distribution and statutory levy (if any). Past performance may or may not be sustained in future.

DIVIDEND HISTORY

Since Last 5 Last 3 Last 1 Last 6 Last 3 Last 1 Last 15 Last 7Inception Years Years Year Months Months Month Days Days

(% (% (% (% (% (% (% (% (%CAGR) CAGR) CAGR) CAGR) Absolute) Absolute) Absolute) Absolute) Absolute)

BNPP ONF - RegularPlan - Growth Option 6.04 6.42 6.51 6.63 3.85 1.98 0.68 0.32 0.18BNPP ONF - InstitutionalPlan - Growth Option 6.46 6.80 6.94 7.29 4.05 2.08 0.71 0.33 0.19CRISIL Liquid Fund Index 6.08 6.48 6.16 6.50 3.80 1.91 0.57 0.27 0.15

Period: September 2, 2004 - April 30, 2011. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Since inception returns are calculated on ̀ 10/- invested at inception. Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable.

PERFORMANCE

17

April 30, 2011



Net Receivables / (Payables) 0.05%Treasury Bill 2.57%





Sovereign 2.57%

-0.04%

100.04%

-10.00% 0.00% 25.00% 50.00% 75.00% 100.00%

Net Receivables / (Payables)

AAA &Equivalent

18

Fixed Term Funds - Credit Quality ProfileApril 29, 2011

BNP Paribas Fixed Term Fund - Series 16: Plan D

BNP Paribas Fixed Term Fund - Series 17: Plan A BNP Paribas Fixed Term Fund - Series 17: Plan B BNP Paribas Fixed Term Fund - Series 17: Plan C

BNP Paribas Fixed Term Fund - Series 18: Plan D BNP Paribas Fixed Term Fund - Series 19: Plan B



BNP Paribas Fixed Term Fund - Series 19: Plan D



BNP Paribas Fixed Term Fund - Series 20: Plan A



BNP Paribas Fixed Term Fund - Series 20: Plan C

BNP Paribas Fixed Term Fund - Series 16: Plan A BNP Paribas Fixed Term Fund - Series 16: Plan B




Repo instuments0.05%



AA & Equivalent40.77%


AAA & Equivalent 61.78% Net Receivables /

(Payables) 0.33%














Below AA 7.43%






BNP Paribas Fixed Term Fund - Series 21: Plan A

-0.01%

83.15%

-10.00% 0.00% 25.00% 50.00% 75.00% 100.00%


AAA &Equivalent

RepoInstruments

16.86%







0.12%

100.12%

-10.00% 0.00% 25.00% 50.00% 75.00% 100.00%


AAA &Equivalent

BNP Paribas Fixed Term Fund - Series 21: Plan H BNP Paribas Fixed Term Fund - Series 21: Plan J

BNP Paribas Fixed Term Fund - Series 21: Plan F BNP Paribas Fixed Term Fund - Series 21: Plan G

BNP Paribas Fixed Term Fund - Series 21: Plan B BNP Paribas Fixed Term Fund - Series 21: Plan C BNP Paribas Fixed Term Fund - Series 21: Plan D

BNP Paribas Fixed Term Fund - Series 21: Plan E

19

Fixed Term Funds - Credit Quality ProfileApril 29, 2011


-0.06%

99.91%

-10.00% 0.00% 25.00% 50.00% 75.00% 100.00%


AAA &Equivalent

RepoInstruments

0.15%

-0.01%

100.01%

-10.00% 0.00% 25.00% 50.00% 75.00% 100.00%


AAA &Equivalent

RepoInstruments

0.00%

-0.06%

100.02%

-10.00% 0.00% 25.00% 50.00% 75.00% 100.00%


AAA &Equivalent

RepoInstruments

0.04%

-0.07%

99.94%

-10.00% 0.00% 25.00% 50.00% 75.00% 100.00%


AAA &Equivalent

RepoInstruments

0.14%

-0.01%

99.81%

-10.00% 0.00% 25.00% 50.00% 75.00% 100.00%


AAA &Equivalent

RepoInstruments

0.20%

In terms of SEBI Circular No. IMD/CIR No.15/157701/2009 dated March 19, 2009, AMC will disclose the portfolio of the scheme as on last day of the month in the prescribed format on it’s website on or before 3rd working day of succeeding month.

ICRA 7-Star Gold Award‘Best Performance’

for the 3-year period ending December 2010(Category: Open-Ended Ultra Short Term)

BNP Paribas Money Plus Fund wins the ICRA 7-Star Gold Award for its 3-year performance in the ‘Open-Ended Ultra Short Term’ category. A proof of excellence, the award not only reflects our disciplined and prudent investment approach but also our global expertise and experience. Ensuring a long-term and consistent performance even during volatile market conditions. We thank our investors and distributors for their enduring support.

Past performance is no guarantee of future results

ICRA Ranking: BNP Paribas Money Plus Fund has been ranked as a Seven Star Fund in the category of ‘Open Ended Ultra Short Term’ schemes for its 3 year performance till December 31, 2010. The rank is an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, fund size, company concentration and portfolio turnover. The ranking methodology did not take into account loads imposed by the Fund. There were 31 schemes considered in ‘Open Ended Ultra Short Term’ category for the ranking exercise. 7-star rating indicates best performance amongst 5-Star Funds in the respective category. 5-star rating indicates funds with composite score in the top 5% confidence (based on the positioning of a scheme in the category’s normal distribution) interval in the respective category. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of BNP Paribas Mutual Fund. Ranking Source & Publisher: ICRA Online Limited.Disclaimer: The presentation of statistics for the open ended schemes has been provided as per the AMFI circular dated October 25, 2007 on a best effort basis and is not an endorsement of these statistics by BNP Paribas Asset Management India Private Ltd. The material contained herein has been obtained from publicly available information, internally developed data and other sources believed to be reliable, but BNPPAMIPL makes no representation that it is accurate or complete. BNPPAMIPL has no obligation to tell the recipient when opinions or information given herein change. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. This information is meant for general reading purpose only and is not meant to serve as a professional guide for the readers. Except for the historical information contained herein, statements in this publication, which contain words or phrases such as 'will', 'would', etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. BNPPAMIPL undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. The words like believe/belief are independent perception of the Portfolio Manager and do not construe as opinion or advise. This information is not intended to be an offer to see or a solicitation for the purchase or sale of any financial product or instrument. The information should not be construed as an investment advice and investors are requested to consult their investment advisor and arrive at an informed investment decision before making any investments. BNPPAMIPL its Directors, officers or its employees shall not be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages arising out of the information contained in this document. Statutory Details: Sponsor: BNP Paribas Investment Partners Asia Ltd. Trustee: BNP Paribas Trustee India Pvt. Ltd. Investment Manager / AMC: BNP Paribas Asset Management India Pvt. Ltd (Reg. Office of Trustee & AMC is at 5th Floor, French Bank Building, 62, Homji Street, Fort, Mumbai - 400 001). BNP Paribas Mutual Fund has been constituted as a Trust in accordance with the provisions of the Indian Trusts Act, 1882 (2 of 1882) by the Sponsor and the Trustee as per the terms of the superceding Trust Deed. The Sponsor is not responsible or liable for any loss resulting from the operation of the schemes beyond the initial contribution of Rs. 1 lakh made by it towards setting up the Fund. Risk Factors: All mutual funds and securities investments are subject to market risks, and there can be no assurance that the fund's objectives will be achieved. Investment in Mutual Fund Units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal. As the price / value / interest rates of the securities in which the scheme invest fluctuate, the value of your investment in the scheme may go up or down depending upon the factors and forces affecting the securities market. Various factors impact the value of the Schemes’ investments include, but are not limited to, fluctuations in the bond markets, fluctuations in interest rates, prevailing political and economic environment, changes in government policy, factors specific to the issuer of the securities, tax laws, liquidity of the underlying instruments, settlement periods, trading volumes etc. The name of the Schemes do not in any manner indicate either the quality of the scheme or its future prospects and returns. Past performance of the Sponsor / AMC / Mutual Fund do not guarantee future performance of the Schemes. The Schemes do not guarantee or assure returns. Investment decisions made by the AMC may not always be profitable. Statement of Additional Information (SAI), Scheme Information Document (SID) & Key Information Memorandum cum Application forms (KIM) are available at AMC offices / AMC web-site: www.bnpparibasmf.in/ Investor Service Centres / Distributors. Investors should read the respective SAI, SID & KIM carefully in its entirety before investing and retain these documents for future references.Note: $: In accordance with the requirements specified by the SEBI circular no. SEBI/ IMD/ CIR No. 4/ 168230/09 dated June 30, 2009 no entry load will be charged for purchase/ additional purchase/ switch-in accepted by the Fund with effect from August 01, 2009. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor's assessment of various factors including service rendered by the ARN Holder. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor's assessment of various factors including service rendered by the ARN Holder.^: With effect from August 01, 2009, exit load up to 1% of the redemption value charged to the unit holder by the Fund on redemption of units shall be retained by each of the schemes in a separate account and will be utilized for payment of commissions to the ARN Holder and to meet other marketing and selling expenses. Any amount in excess of 1% of the redemption value charged to the unit holder as exit load shall be credited to the respective scheme immediately.Mr. Chirag Mehta is the dedicated Fund Manager for overseas investments, as stated under the Schemes.

• Mumbai: (022) 6739 0023 • Bangalore: (080) 4092 6161 • Chennai: (044) 4308 4171 • Hyderabad: (040) 6666 5560• Kolkata: (033) 4434 1200 • New Delhi: (011) 4151 3401 • Pune: (020) 6620 3291 • Ahmedabad: (079) 2640 3310

111204363 - Factsheet April 070511 Fund/mf-fundfact-sheet/BNP Paribas MF … · in February 2011...

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Transcript of 111204363 - Factsheet April 070511 Fund/mf-fundfact-sheet/BNP Paribas MF … · in February 2011...