Baroda BNP Paribas Asset Management is aiming to double its assets under management (AUM) to ₹98,000 crore in the next three years, following strong growth achieved by the fund house over the past three years.
In the last three years, the fund house has managed to double its AUM to ₹49,000 crore from ₹21,000 crore, thanks to significant expansion in investment capabilities and reach.
CEO Suresh Soni attributed this growth to strategic investments in human capital, enhanced distribution reach, and processes. He highlighted the importance of a well-defined investment process, robust risk control, and portfolio monitoring in creating wealth for investors. Soni expressed confidence that by maintaining focus on investment performance and expanding distribution and reach, the fund house can double its AUM again in the next three years.
Baroda BNP Paribas Asset Management plans to launch passive funds, thematic funds, and products in the International Financial Services Authority at GIFT City to attract NRI investments in India, according to Soni.
Sanjay Chawla, CIO – Equity, emphasized the fund house’s commitment to delivering consistent returns, generating alpha, and creating wealth for investors across different investment horizons.
Regarding the current market volatility, Chawla viewed it as a temporary phase that will rebound once corporate earnings revive in the next two-three quarters.
The fund house has successfully raised offshore equity funds from institutional and retail investors in Europe, South Korea, and Japan. Jayesh Gandhi, Head – Offshore Advisory & AIF, noted that despite recent trends of FII outflows from India, offshore funds’ AUM has doubled from $220 million to $460 million over the past three years.
In the last two years, Baroda BNP Paribas Mutual Fund has increased its exposure to REITs and INViTs in various funds, as they offer interesting opportunities for investors.
The fund house remains optimistic about its growth trajectory and is focused on providing value to its investors through a combination of strategic investments, expanding offerings, and strong performance across different asset classes.
