Baroda BNP Paribas Business Cycle Fund
Equity OpportunitiesVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹15.75+0.29%1 day
- Return since launch
- 9.7%
- 52-week range
- ₹14.10 — ₹16.44
- AUM
- ₹574 Cr
Baroda BNP Paribas Business Cycle Fund is a Equity Opportunities equity fund from Baroda BNP Paribas Mutual Fund with ₹574 Cr under management, launched in 2021. Over three years it has returned 3.9% a year, against 13.4% for its category. The expense ratio is 2.48% and the SEBI riskometer reading is Very High.
Performance
Baroda BNP Paribas Business Cycle Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +3.3% against +0.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 0.9% | −5.0 pts | 5.9% | 1.3% |
| 2Y | 1.5% | −4.0 pts | 5.5% | 1.0% |
| 3Y | 3.9% | −9.6 pts | 13.4% | 3.4% |
| 5Y | 9.6% | −3.7 pts | 13.4% | 9.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.9% | −1.6 pts | -2.3% | -2.8% |
| 3M | -0.4% | −2.4 pts | 2.0% | 0.9% |
| 6M | 9.2% | −6.3 pts | 15.5% | 12.8% |
| 1Y | 3.3% | −2.6 pts | 5.9% | 0.2% |
| 2Y | -4.0% | −3.1 pts | -0.9% | -4.3% |
| 3Y | 11.3% | −2.1 pts | 13.4% | 10.2% |
| 5Y | 9.5% | −3.8 pts | 13.4% | 10.5% |
Since launch (24 Aug 2021): 9.7%
Calendar-year returns
Category average1.4%
31.0%
20.3%
0.8%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 0.8% | −2.4 pts | 3.2% |
| 2024 | 20.3% | −3.0 pts | 23.3% |
| 2023 | 31.0% | −4.3 pts | 35.3% |
| 2022 | 1.4% | −8.2 pts | 9.7% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.49%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.07%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.40%
- Exit load
- Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 1.46 | 5.08 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.02 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.54 | 0.73 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.67 | 0.97 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.82 | 16.98 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Baroda BNP Paribas Business Cycle Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity95.3%
- Debt4.8%
Market cap split
- Large70.4%
- Mid15.9%
- Small13.6%
- P/E
- 29.70
- P/B
- 4.07
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 5.70% | ₹32.72 Cr | +5.08% | +5.47% | +6.20% |
| Hitachi Energy India Ltd. | Capital Goods | 5.30% | ₹30.38 Cr | +6.59% | +4.95% | +4.09% |
| Reliance Industries Ltd. | Energy | 4.94% | ₹28.35 Cr | +4.91% | +5.08% | +5.16% |
| HDFC Bank Ltd. | Financial | 4.23% | ₹24.25 Cr | +4.57% | +5.35% | +6.94% |
| Larsen & Toubro Ltd. | Construction | 4.13% | ₹23.66 Cr | +4.28% | +4.75% | +4.00% |
| Others | Others | 3.85% | ₹22.01 Cr | +12.08% | +9.58% | +12.48% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 3.27% | ₹18.76 Cr | +3.05% | +2.89% | +2.02% |
| Divi's Laboratories Ltd. | Healthcare | 2.97% | ₹17.04 Cr | +2.16% | +2.03% | +1.94% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2.78% | ₹15.94 Cr | +2.70% | +1.68% | +1.02% |
| State Bank of India | Financial | 2.41% | ₹13.83 Cr | +2.26% | +2.76% | +1.53% |
| TVS Motor Company Ltd. | Automobile | 2.38% | ₹13.68 Cr | +1.90% | +2.21% | +1.97% |
| Kotak Mahindra Bank Ltd. | Financial | 2.30% | ₹13.21 Cr | +2.17% | +2.30% | +3.73% |
| Waterways Leisure Tourism Ltd. | Services | 2.20% | ₹12.61 Cr | — | — | — |
| Eternal Ltd. | Services | 2.16% | ₹12.40 Cr | +1.70% | +1.64% | +1.00% |
| Nestle India Ltd. | Consumer Staples | 2.11% | ₹12.12 Cr | +2.07% | +1.84% | +1.65% |
| Persistent Systems Ltd. | Technology | 2.02% | ₹11.58 Cr | +1.93% | +1.73% | +1.93% |
| Bharti Airtel Ltd. | Communication | 1.99% | ₹11.42 Cr | +2.07% | +2.09% | +2.10% |
| Infosys Ltd. | Technology | 1.98% | ₹11.34 Cr | +1.88% | +1.86% | +2.10% |
| Eicher Motors Ltd. | Automobile | 1.87% | ₹10.74 Cr | +1.74% | +1.91% | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.67% | ₹9.58 Cr | +1.66% | +1.68% | +1.56% |
| The Phoenix Mills Ltd. | Construction | 1.55% | ₹8.89 Cr | +1.49% | +1.37% | +1.24% |
| Oracle Financial Services Software Ltd. | Technology | 1.53% | ₹8.80 Cr | +1.34% | +0.93% | +1.10% |
| Aequs Ltd. | Technology | 1.43% | ₹8.19 Cr | +1.08% | — | — |
| The Federal Bank Ltd. | Financial | 1.43% | ₹8.20 Cr | +1.40% | +1.43% | — |
| Bosch Ltd. | Automobile | 1.41% | ₹8.10 Cr | +1.07% | +1.04% | +2.01% |
| Hindustan Zinc Ltd. | Metals & Mining | 1.40% | ₹8.04 Cr | +1.54% | +1.44% | — |
| Linde India Ltd. | Chemicals | 1.40% | ₹8.05 Cr | +1.63% | +1.49% | +1.31% |
| Pine Labs Ltd. | Financial | 1.36% | ₹7.79 Cr | +1.17% | +1.51% | — |
| Leela Palaces Hotels & Resorts Ltd. | Services | 1.34% | ₹7.70 Cr | +1.00% | +1.08% | +1.27% |
| company:20332 | Capital Goods | 1.30% | ₹7.46 Cr | — | — | — |
| Maruti Suzuki India Ltd. | Automobile | 1.28% | ₹7.32 Cr | +1.27% | +1.41% | +1.41% |
| Tata Motors Ltd. | Automobile | 1.26% | ₹7.21 Cr | +1.10% | +1.68% | — |
| LG Electronics India Ltd. | Consumer Discretionary | 1.23% | ₹7.03 Cr | +1.13% | +1.16% | — |
| Axis Bank Ltd. | Financial | 1.22% | ₹7.02 Cr | +1.25% | +1.32% | +0.99% |
| Bajaj Finserv Ltd. | Financial | 1.21% | ₹6.91 Cr | +1.10% | +1.20% | +1.21% |
| 360 One Wam Ltd. | Financial | 1.20% | ₹6.87 Cr | +1.16% | +1.14% | +0.89% |
| Titan Company Ltd. | Consumer Discretionary | 1.20% | ₹6.89 Cr | +0.99% | +1.03% | — |
| Bharat Electronics Ltd. | Capital Goods | 1.17% | ₹6.71 Cr | +1.13% | +1.20% | +1.17% |
| Fortis Healthcare Ltd. | Healthcare | 1.17% | ₹6.71 Cr | +1.20% | +1.20% | +1.30% |
| Tata Capital Ltd. | Financial | 1.15% | ₹6.62 Cr | +0.99% | +1.06% | — |
| Tata Consultancy Services Ltd. | Technology | 1.13% | ₹6.48 Cr | +1.10% | +1.13% | +1.96% |
| NHPC Ltd. | Energy | 1.11% | ₹6.35 Cr | +1.17% | +1.10% | — |
| Yes Bank Ltd. | Financial | 1.11% | ₹6.37 Cr | +1.24% | +1.22% | +1.06% |
| The India Cements Ltd. | Materials | 1.08% | ₹6.17 Cr | +1.14% | +1.42% | +1.51% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.06% | ₹6.08 Cr | +1.07% | +1.03% | +0.85% |
| JSW Dulux Ltd. | Materials | 1.05% | ₹6.01 Cr | +1.08% | +0.98% | — |
| ITC Ltd. | Consumer Staples | 1.00% | ₹5.75 Cr | +1.16% | +1.24% | +1.43% |
| Tech Mahindra Ltd. | Technology | 0.99% | ₹5.70 Cr | — | — | — |
| JTEKT India Ltd. | Automobile | 0.96% | ₹5.50 Cr | +1.04% | +1.16% | +1.05% |
| Varun Beverages Ltd. | Consumer Staples | 0.88% | ₹5.05 Cr | +1.37% | +0.93% | +1.54% |
| Reserve Bank of India | Financial | 0.86% | ₹4.93 Cr | +0.90% | +0.87% | +1.04% |
| HDFC Life Insurance Co Ltd. | Insurance | 0.85% | ₹4.89 Cr | +0.87% | +1.02% | +1.10% |
| Power Grid Corporation Of India Ltd. | Energy | 0.79% | ₹4.51 Cr | +0.89% | +0.90% | — |
| Pfizer Ltd. | Healthcare | 0.61% | ₹3.50 Cr | +0.62% | +0.65% | +0.63% |
| company:20823 | Healthcare | 0.02% | ₹0.11 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 1.63% | 3.92% | +2.29% |
| ABB India Ltd. | 1.40% | 0.00% | -1.40% |
| company:20332 | 0.00% | 1.30% | +1.30% |
| Sagility Ltd. | 1.04% | 0.00% | -1.04% |
| Colgate-Palmolive (India) Ltd. | 0.99% | 0.00% | -0.99% |
| Waterways Leisure Tourism Ltd. | 1.77% | 2.20% | +0.43% |
| Tata Elxsi Ltd. | 0.41% | 0.00% | -0.41% |
| Divi's Laboratories Ltd. | 2.57% | 2.97% | +0.40% |
| HDFC Bank Ltd. | 4.54% | 4.23% | -0.31% |
| The Federal Bank Ltd. | 1.72% | 1.43% | -0.29% |
| Bosch Ltd. | 1.18% | 1.41% | +0.23% |
| Bharti Airtel Ltd. | 2.20% | 1.99% | -0.21% |
| Reliance Industries Ltd. | 5.15% | 4.94% | -0.21% |
| Pine Labs Ltd. | 1.17% | 1.36% | +0.19% |
| Bharat Heavy Electricals Ltd. | 2.60% | 2.78% | +0.18% |
| Torrent Pharmaceuticals Ltd. | 1.23% | 1.06% | -0.17% |
| Leela Palaces Hotels & Resorts Ltd. | 1.18% | 1.34% | +0.16% |
| JTEKT India Ltd. | 1.10% | 0.96% | -0.14% |
| Oracle Financial Services Software Ltd. | 1.39% | 1.53% | +0.14% |
| LG Electronics India Ltd. | 1.09% | 1.23% | +0.14% |
| Eternal Ltd. | 2.03% | 2.16% | +0.13% |
| ITC Ltd. | 1.12% | 1.00% | -0.12% |
| Kotak Mahindra Bank Ltd. | 2.18% | 2.30% | +0.12% |
| Linde India Ltd. | 1.51% | 1.40% | -0.11% |
| Varun Beverages Ltd. | 0.99% | 0.88% | -0.11% |
| Hindustan Zinc Ltd. | 1.29% | 1.40% | +0.11% |
| The India Cements Ltd. | 1.18% | 1.08% | -0.10% |
| Fractal Analytics Ltd. | 0.09% | 0.00% | -0.09% |
| Maruti Suzuki India Ltd. | 1.36% | 1.28% | -0.08% |
| Tata Motors Ltd. | 1.19% | 1.26% | +0.07% |
| Power Grid Corporation Of India Ltd. | 0.86% | 0.79% | -0.07% |
| Aequs Ltd. | 1.36% | 1.43% | +0.07% |
| Sun Pharmaceutical Industries Ltd. | 3.34% | 3.27% | -0.07% |
| JSW Dulux Ltd. | 0.99% | 1.05% | +0.06% |
| Nestle India Ltd. | 2.17% | 2.11% | -0.06% |
| Bharat Electronics Ltd. | 1.11% | 1.17% | +0.06% |
| Hitachi Energy India Ltd. | 5.24% | 5.30% | +0.06% |
| NHPC Ltd. | 1.16% | 1.11% | -0.05% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.62% | 1.67% | +0.05% |
| Axis Bank Ltd. | 1.18% | 1.22% | +0.04% |
| Fortis Healthcare Ltd. | 1.21% | 1.17% | -0.04% |
| Larsen & Toubro Ltd. | 4.09% | 4.13% | +0.04% |
| Tech Mahindra Ltd. | 1.03% | 0.99% | -0.04% |
| ICICI Bank Ltd. | 5.73% | 5.70% | -0.03% |
| State Bank of India | 2.38% | 2.41% | +0.03% |
| TVS Motor Company Ltd. | 2.41% | 2.38% | -0.03% |
| HDFC Life Insurance Co Ltd. | 0.88% | 0.85% | -0.03% |
| Pfizer Ltd. | 0.64% | 0.61% | -0.03% |
| Titan Company Ltd. | 1.17% | 1.20% | +0.03% |
| Infosys Ltd. | 2.01% | 1.98% | -0.03% |
| 360 One Wam Ltd. | 1.18% | 1.20% | +0.02% |
| Bajaj Finserv Ltd. | 1.23% | 1.21% | -0.02% |
| Persistent Systems Ltd. | 2.04% | 2.02% | -0.02% |
| Tata Capital Ltd. | 1.17% | 1.15% | -0.02% |
| The Phoenix Mills Ltd. | 1.57% | 1.55% | -0.02% |
| company:20823 | 0.00% | 0.02% | +0.02% |
| Yes Bank Ltd. | 1.13% | 1.11% | -0.02% |
| Reserve Bank of India | 0.87% | 0.86% | -0.01% |
| Eicher Motors Ltd. | 1.88% | 1.87% | -0.01% |
| Tata Consultancy Services Ltd. | 1.13% | 1.13% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,420 Cr | 2.23% | 8.1% | 9.7% | 15.9% |
 Franklin India Opportunities Fund | ₹9,717 Cr | 2.08% | 6.6% | 9.5% | 18.4% |
 Kotak Business Cycle Fund | ₹3,509 Cr | 2.05% | 10.7% | 10.6% | — |
 Mahindra Manulife Business Cycle Fund | ₹1,364 Cr | 2.41% | 2.0% | 7.3% | — |
 Aditya Birla Sun Life Special Opportunities Fund | ₹1,279 Cr | 2.30% | 13.8% | 13.8% | 15.8% |
 HSBC Business Cycles Fund | ₹1,229 Cr | 2.31% | 7.5% | 7.3% | 13.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long term capital appreciation for investors by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
Fund managers
- Ankeet PandyaMBA FinancePrior to joining Baroda BNP Paribas Mutual Fund, he was working with InCred Asset management Private Ltd, Motilal Oswal Securities Ltd and Elara Capital India Private Ltd.
- Rohan KordeMr. Korde is a Masters in Management Studies (Finance), Bachelor of CommercePrior to joining Baroda BNP Paribas Mutual Fund, he has worked with ITI Mutual Fund, BOB Capital Markets as Vice President
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months9.19% absolute | ₹60,000 | ₹65,514 | 9.19% | |
| 1 year3.29% annualised | ₹1,20,000 | ₹1,22,160 | 1.80% | |
| 3 years11.29% annualised | ₹3,60,000 | ₹4,30,123 | 19.48% | |
| 5 years9.53% annualised | ₹6,00,000 | ₹7,70,901 | 28.48% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Baroda BNP Paribas Business Cycle Fund?
The NAV of Baroda BNP Paribas Business Cycle Fund is ₹15.75 as on 25 Sep 2026.
What is the expense ratio of Baroda BNP Paribas Business Cycle Fund?
The expense ratio of Baroda BNP Paribas Business Cycle Fund is 2.48% per year.
What is the minimum SIP amount for Baroda BNP Paribas Business Cycle Fund?
You can start a SIP in Baroda BNP Paribas Business Cycle Fund with ₹3,000 a month.
What returns has Baroda BNP Paribas Business Cycle Fund given?
Baroda BNP Paribas Business Cycle Fund has returned 0.9% over 1 year, 3.9% over 3 years and 9.6% over 5 years (annualised).
Is there a lock-in or exit load on Baroda BNP Paribas Business Cycle Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year..
How risky is Baroda BNP Paribas Business Cycle Fund?
Baroda BNP Paribas Business Cycle Fund is rated Very High on the SEBI riskometer and belongs to the Equity Opportunities category.
Which fund house manages Baroda BNP Paribas Business Cycle Fund?
Baroda BNP Paribas Business Cycle Fund is managed by Baroda BNP Paribas Mutual Fund, which runs 44 schemes with ₹53,546 Cr under management.