Baroda BNP Paribas Business Cycle Fund
Equity OpportunitiesVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹16.35+1.07%1 day
- Return since launch
- 10.0%
- 52-week range
- ₹14.10 — ₹16.44
- AUM
- ₹535 Cr
Baroda BNP Paribas Business Cycle Fund is a Equity Opportunities equity fund from Baroda BNP Paribas Mutual Fund with ₹535 Cr under management, launched in 2021. Over three years it has returned 5.4% a year, against 13.6% for its category. The expense ratio is 2.52% 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 +4.2% against -1.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 8.3% | +4.7 pts | 3.6% | 4.8% |
| 2Y | 5.8% | +0.2 pts | 5.5% | 2.8% |
| 3Y | 5.4% | −8.3 pts | 13.6% | 3.4% |
| 5Y | 10.4% | −2.3 pts | 12.7% | 9.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 5.0% | +3.1 pts | 1.9% | 4.2% |
| 3M | 0.1% | +1.5 pts | -1.4% | -1.5% |
| 6M | 2.4% | −0.8 pts | 3.3% | 3.8% |
| 1Y | 4.2% | +0.6 pts | 3.6% | -1.7% |
| 2Y | 1.0% | −0.7 pts | 1.7% | -0.2% |
| 3Y | 12.3% | −1.3 pts | 13.6% | 10.4% |
| 5Y | 9.8% | −2.9 pts | 12.7% | 9.7% |
Since launch (24 Aug 2021): 10.0%
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
2.54%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.08%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.43%
- 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 | 0.86 | 4.92 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.02 | 0.97 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.38 | 0.62 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.49 | 0.84 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.22 | 15.96 | 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 30 Sep 2026
Asset allocation
- Equity94.3%
- Debt6.7%
Market cap split
- Large69.2%
- Mid16.3%
- Small14.5%
- P/E
- 27.45
- P/B
- 3.78
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 5.93% | ₹31.72 Cr | +5.52% | +5.35% | +6.03% |
| Hitachi Energy India Ltd. | Capital Goods | 5.16% | ₹27.57 Cr | +5.72% | +5.25% | +3.88% |
| Reliance Industries Ltd. | Energy | 4.93% | ₹26.35 Cr | +4.78% | +5.49% | +5.23% |
| Others | Others | 4.75% | ₹25.54 Cr | +9.62% | +12.20% | +13.90% |
| HDFC Bank Ltd. | Financial | 4.53% | ₹24.24 Cr | +4.87% | +4.93% | +6.99% |
| Larsen & Toubro Ltd. | Construction | 4.11% | ₹22.00 Cr | +4.32% | +4.04% | +4.09% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 3.21% | ₹17.17 Cr | +3.14% | +3.27% | +2.04% |
| Divi's Laboratories Ltd. | Healthcare | 3.13% | ₹16.72 Cr | +2.11% | +2.11% | +1.82% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2.80% | ₹14.96 Cr | +2.66% | +1.74% | +1.22% |
| Kotak Mahindra Bank Ltd. | Financial | 2.46% | ₹13.14 Cr | +2.20% | +2.19% | +3.82% |
| TVS Motor Company Ltd. | Automobile | 2.42% | ₹12.93 Cr | +1.94% | +2.09% | +2.09% |
| State Bank of India | Financial | 2.34% | ₹12.52 Cr | +2.39% | +2.52% | +1.67% |
| Eternal Ltd. | Services | 2.26% | ₹12.10 Cr | +1.78% | +1.71% | +1.09% |
| Bharti Airtel Ltd. | Communication | 2.07% | ₹11.07 Cr | +2.08% | +2.21% | +2.10% |
| Persistent Systems Ltd. | Technology | 2.04% | ₹10.93 Cr | +1.60% | +1.99% | +1.77% |
| Nestle India Ltd. | Consumer Staples | 1.98% | ₹10.61 Cr | +2.03% | +1.88% | +1.66% |
| Infosys Ltd. | Technology | 1.86% | ₹9.94 Cr | +1.61% | +2.22% | +2.07% |
| Eicher Motors Ltd. | Automobile | 1.81% | ₹9.65 Cr | +1.70% | +1.75% | +1.57% |
| Aequs Ltd. | Technology | 1.75% | ₹9.36 Cr | +1.32% | — | — |
| The Phoenix Mills Ltd. | Construction | 1.69% | ₹9.06 Cr | +1.63% | +1.39% | +1.29% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.65% | ₹8.85 Cr | +1.73% | +1.71% | +1.44% |
| Linde India Ltd. | Chemicals | 1.49% | ₹7.97 Cr | +1.64% | +1.70% | +1.30% |
| Hindustan Zinc Ltd. | Metals & Mining | 1.48% | ₹7.92 Cr | +1.28% | +1.34% | — |
| LG Electronics India Ltd. | Consumer Discretionary | 1.45% | ₹7.76 Cr | +1.15% | +1.18% | — |
| Ashok Leyland Ltd. | Automobile | 1.44% | ₹7.71 Cr | — | — | — |
| Bosch Ltd. | Automobile | 1.43% | ₹7.63 Cr | +1.15% | +0.92% | +1.93% |
| Oracle Financial Services Software Ltd. | Technology | 1.40% | ₹7.46 Cr | +1.35% | +1.02% | +1.07% |
| SKF India (Industrial) Ltd. | Capital Goods | 1.40% | ₹7.47 Cr | — | — | — |
| Leela Palaces Hotels & Resorts Ltd. | Services | 1.29% | ₹6.89 Cr | +1.14% | +1.09% | +1.32% |
| Axis Bank Ltd. | Financial | 1.24% | ₹6.62 Cr | +1.30% | +1.24% | +1.08% |
| Bharat Electronics Ltd. | Capital Goods | 1.18% | ₹6.29 Cr | +1.19% | +1.21% | +1.23% |
| Titan Company Ltd. | Consumer Discretionary | 1.16% | ₹6.19 Cr | +1.06% | +1.05% | — |
| 360 One Wam Ltd. | Financial | 1.13% | ₹6.03 Cr | +1.12% | +1.10% | +1.06% |
| NHPC Ltd. | Energy | 1.13% | ₹6.03 Cr | +1.20% | +1.20% | — |
| Bajaj Finserv Ltd. | Financial | 1.11% | ₹5.92 Cr | +1.09% | +1.10% | +1.28% |
| ITC Ltd. | Consumer Staples | 1.11% | ₹5.91 Cr | +1.15% | +1.28% | +1.41% |
| Tata Capital Ltd. | Financial | 1.10% | ₹5.90 Cr | +1.17% | +1.08% | — |
| JSW Dulux Ltd. | Materials | 1.09% | ₹5.85 Cr | +1.09% | +1.07% | — |
| Yes Bank Ltd. | Financial | 1.09% | ₹5.85 Cr | +1.20% | +1.01% | +1.36% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.08% | ₹5.76 Cr | +1.11% | +1.12% | +0.86% |
| Fortis Healthcare Ltd. | Healthcare | 1.07% | ₹5.70 Cr | +1.23% | +1.13% | +1.39% |
| City Union Bank Ltd. | Financial | 1.06% | ₹5.65 Cr | — | — | — |
| Varun Beverages Ltd. | Consumer Staples | 1.05% | ₹5.62 Cr | +1.14% | +1.09% | +1.42% |
| Tata Consultancy Services Ltd. | Technology | 1.04% | ₹5.54 Cr | +0.98% | +1.26% | +1.85% |
| Tech Mahindra Ltd. | Technology | 1.00% | ₹5.33 Cr | — | — | — |
| JTEKT India Ltd. | Automobile | 0.96% | ₹5.14 Cr | +1.07% | +1.02% | +1.30% |
| Sterlite Technologies Ltd. | Communication | 0.94% | ₹5.00 Cr | — | — | — |
| The India Cements Ltd. | Materials | 0.94% | ₹5.03 Cr | +1.12% | +1.28% | +1.53% |
| Reserve Bank of India | Financial | 0.93% | ₹4.95 Cr | +0.87% | +0.97% | +1.05% |
| HDFC Life Insurance Co Ltd. | Insurance | 0.88% | ₹4.69 Cr | +0.92% | +0.94% | +1.09% |
| Power Grid Corporation Of India Ltd. | Energy | 0.83% | ₹4.45 Cr | +0.87% | +1.00% | — |
| RBL Bank Ltd. | Financial | 0.75% | ₹4.03 Cr | — | — | — |
| Waterways Leisure Tourism Ltd. | Services | 0.69% | ₹3.68 Cr | +1.75% | — | — |
| Pine Labs Ltd. | Financial | 0.64% | ₹3.44 Cr | +1.26% | +1.39% | — |
| Pfizer Ltd. | Healthcare | 0.54% | ₹2.89 Cr | +0.59% | +0.70% | +0.64% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 3.92% | 5.80% | +1.88% |
| Waterways Leisure Tourism Ltd. | 2.20% | 0.69% | -1.51% |
| Ashok Leyland Ltd. | 0.00% | 1.44% | +1.44% |
| The Federal Bank Ltd. | 1.43% | 0.00% | -1.43% |
| Maruti Suzuki India Ltd. | 1.28% | 0.00% | -1.28% |
| Tata Motors Ltd. | 1.26% | 0.00% | -1.26% |
| City Union Bank Ltd. | 0.00% | 1.06% | +1.06% |
| Sterlite Technologies Ltd. | 0.00% | 0.94% | +0.94% |
| RBL Bank Ltd. | 0.00% | 0.75% | +0.75% |
| Pine Labs Ltd. | 1.36% | 0.64% | -0.72% |
| Aequs Ltd. | 1.43% | 1.75% | +0.32% |
| HDFC Bank Ltd. | 4.23% | 4.53% | +0.30% |
| ICICI Bank Ltd. | 5.70% | 5.93% | +0.23% |
| LG Electronics India Ltd. | 1.23% | 1.45% | +0.22% |
| Varun Beverages Ltd. | 0.88% | 1.05% | +0.17% |
| Kotak Mahindra Bank Ltd. | 2.30% | 2.46% | +0.16% |
| Divi's Laboratories Ltd. | 2.97% | 3.13% | +0.16% |
| The India Cements Ltd. | 1.08% | 0.94% | -0.14% |
| The Phoenix Mills Ltd. | 1.55% | 1.69% | +0.14% |
| Hitachi Energy India Ltd. | 5.30% | 5.16% | -0.14% |
| Oracle Financial Services Software Ltd. | 1.53% | 1.40% | -0.13% |
| Nestle India Ltd. | 2.11% | 1.98% | -0.13% |
| Infosys Ltd. | 1.98% | 1.86% | -0.12% |
| ITC Ltd. | 1.00% | 1.11% | +0.11% |
| Bajaj Finserv Ltd. | 1.21% | 1.11% | -0.10% |
| Fortis Healthcare Ltd. | 1.17% | 1.07% | -0.10% |
| SKF India (Industrial) Ltd. | 1.30% | 1.40% | +0.10% |
| Eternal Ltd. | 2.16% | 2.26% | +0.10% |
| Linde India Ltd. | 1.40% | 1.49% | +0.09% |
| Tata Consultancy Services Ltd. | 1.13% | 1.04% | -0.09% |
| Hindustan Zinc Ltd. | 1.40% | 1.48% | +0.08% |
| Bharti Airtel Ltd. | 1.99% | 2.07% | +0.08% |
| State Bank of India | 2.41% | 2.34% | -0.07% |
| 360 One Wam Ltd. | 1.20% | 1.13% | -0.07% |
| Reserve Bank of India | 0.86% | 0.93% | +0.07% |
| Pfizer Ltd. | 0.61% | 0.54% | -0.07% |
| Eicher Motors Ltd. | 1.87% | 1.81% | -0.06% |
| Sun Pharmaceutical Industries Ltd. | 3.27% | 3.21% | -0.06% |
| Leela Palaces Hotels & Resorts Ltd. | 1.34% | 1.29% | -0.05% |
| Tata Capital Ltd. | 1.15% | 1.10% | -0.05% |
| JSW Dulux Ltd. | 1.05% | 1.09% | +0.04% |
| TVS Motor Company Ltd. | 2.38% | 2.42% | +0.04% |
| Titan Company Ltd. | 1.20% | 1.16% | -0.04% |
| Power Grid Corporation Of India Ltd. | 0.79% | 0.83% | +0.04% |
| HDFC Life Insurance Co Ltd. | 0.85% | 0.88% | +0.03% |
| Axis Bank Ltd. | 1.22% | 1.24% | +0.02% |
| Bharat Heavy Electricals Ltd. | 2.78% | 2.80% | +0.02% |
| Bosch Ltd. | 1.41% | 1.43% | +0.02% |
| Persistent Systems Ltd. | 2.02% | 2.04% | +0.02% |
| Torrent Pharmaceuticals Ltd. | 1.06% | 1.08% | +0.02% |
| Yes Bank Ltd. | 1.11% | 1.09% | -0.02% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.67% | 1.65% | -0.02% |
| Symbiotec Pharmalab Ltd. | 0.02% | 0.00% | -0.02% |
| NHPC Ltd. | 1.11% | 1.13% | +0.02% |
| Larsen & Toubro Ltd. | 4.13% | 4.11% | -0.02% |
| Reliance Industries Ltd. | 4.94% | 4.93% | -0.01% |
| Bharat Electronics Ltd. | 1.17% | 1.18% | +0.01% |
| Tech Mahindra Ltd. | 0.99% | 1.00% | +0.01% |
| JTEKT India Ltd. | 0.96% | 0.96% | 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 | ₹6,105 Cr | 2.13% | 6.1% | 8.3% | 14.9% |
 ICICI Prudential Business Cycle Fund | ₹14,889 Cr | 1.86% | 3.5% | 6.8% | 13.3% |
 Franklin India Opportunities Fund | ₹9,577 Cr | 2.08% | -0.7% | 5.4% | 15.7% |
 Kotak Business Cycle Fund | ₹3,414 Cr | 2.02% | 13.8% | 10.7% | — |
 Aditya Birla Sun Life Special Opportunities Fund | ₹1,357 Cr | 2.26% | 14.0% | 13.2% | 15.6% |
 Mahindra Manulife Business Cycle Fund | ₹1,291 Cr | 2.42% | -0.1% | 5.3% | — |
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 months2.41% absolute | ₹60,000 | ₹61,446 | 2.41% | |
| 1 year4.18% annualised | ₹1,20,000 | ₹1,22,752 | 2.29% | |
| 3 years12.35% annualised | ₹3,60,000 | ₹4,37,544 | 21.54% | |
| 5 years9.83% annualised | ₹6,00,000 | ₹7,77,216 | 29.54% |
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 ₹16.35 as on 6 Nov 2026.
What is the expense ratio of Baroda BNP Paribas Business Cycle Fund?
The expense ratio of Baroda BNP Paribas Business Cycle Fund is 2.52% 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 8.3% over 1 year, 5.4% over 3 years and 10.4% 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 ₹55,028 Cr under management.