Baroda BNP Paribas Innovation Fund
Thematic-InnovationVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹13.92+0.64%1 day
- Return since launch
- 12.8%
- 52-week range
- ₹11.33 — ₹14.01
- AUM
- ₹859 Cr
Baroda BNP Paribas Innovation Fund is a Thematic-Innovation equity fund from Baroda BNP Paribas Mutual Fund with ₹859 Cr under management, launched in 2024. The expense ratio is 2.52% and the SEBI riskometer reading is Very High.
Performance
Baroda BNP Paribas Innovation Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +9.3% against +7.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 16.0% | +8.0 pts | 8.0% | 13.9% |
| 2Y | 12.1% | +1.4 pts | 10.7% | 10.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 5.5% | +2.4 pts | 3.2% | 3.6% |
| 3M | 0.5% | +1.0 pts | -0.5% | -1.2% |
| 6M | 7.8% | −1.7 pts | 9.5% | 8.1% |
| 1Y | 9.3% | +1.3 pts | 8.0% | 6.8% |
| 2Y | 5.4% | −0.3 pts | 5.7% | 5.9% |
Since launch (14 Feb 2024): 12.8%
Calendar-year returns
Category average-1.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -1.9% | −4.4 pts | 2.4% |
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
- 1.97%
- Brokerage
- 0.08%
- Transaction charges
- 0.00%
- Statutory levies
- 0.49%
- 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
- NIFTY 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.
Portfolio
Baroda BNP Paribas Innovation Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity95.0%
- Debt5.3%
Market cap split
- Large33.2%
- Mid36.6%
- Small30.2%
- P/E
- 53.82
- P/B
- 7.63
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| One 97 Communications Ltd. | Services | 5.27% | ₹45.31 Cr | +3.93% | +3.75% | +3.61% |
| Divi's Laboratories Ltd. | Healthcare | 4.32% | ₹37.17 Cr | +2.97% | +2.69% | +2.39% |
| Linde India Ltd. | Chemicals | 4.07% | ₹34.95 Cr | +4.56% | +4.85% | +3.86% |
| Hitachi Energy India Ltd. | Capital Goods | 4.01% | ₹34.46 Cr | +7.08% | +8.66% | +7.38% |
| Others | Others | 3.86% | ₹33.16 Cr | +6.52% | +7.92% | +7.60% |
| Acutaas Chemicals Ltd. | Healthcare | 3.82% | ₹32.79 Cr | +3.98% | +3.56% | — |
| Navin Fluorine International Ltd. | Chemicals | 3.45% | ₹29.68 Cr | +3.38% | +3.12% | +2.71% |
| Bosch Ltd. | Automobile | 3.29% | ₹28.26 Cr | +2.70% | +1.67% | +1.85% |
| TVS Motor Company Ltd. | Automobile | 3.27% | ₹28.13 Cr | +2.79% | +3.08% | +4.49% |
| Eternal Ltd. | Services | 3.16% | ₹27.20 Cr | +2.54% | +3.51% | +4.16% |
| Multi Commodity Exchange Of India Ltd. | Services | 3.11% | ₹26.73 Cr | +3.84% | +3.44% | +2.69% |
| FSN E-Commerce Ventures Ltd. | Services | 2.76% | ₹23.68 Cr | +2.59% | +2.23% | +2.22% |
| Amagi Media Labs Ltd. | Technology | 2.59% | ₹22.25 Cr | +2.69% | +1.14% | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.58% | ₹22.20 Cr | +2.61% | +1.93% | — |
| Bharat Electronics Ltd. | Capital Goods | 2.48% | ₹21.36 Cr | +2.55% | — | — |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 2.44% | ₹21.01 Cr | +2.49% | — | — |
| Bajaj Finance Ltd. | Financial | 2.41% | ₹20.72 Cr | +2.83% | +2.37% | +2.46% |
| 3M India Ltd. | Consumer Staples | 2.36% | ₹20.26 Cr | +2.32% | +2.42% | +2.20% |
| Mahindra & Mahindra Ltd. | Automobile | 2.16% | ₹18.59 Cr | +2.25% | +2.15% | +2.31% |
| Lupin Ltd. | Healthcare | 2.13% | ₹18.27 Cr | +2.45% | — | — |
| Bharti Airtel Ltd. | Communication | 2.04% | ₹17.57 Cr | +2.09% | +3.04% | +4.29% |
| Manipal Payment and Identity Solutions Ltd. | Services | 1.93% | ₹16.57 Cr | — | — | — |
| Polycab India Ltd. | Capital Goods | 1.93% | ₹16.61 Cr | +2.47% | — | — |
| Pine Labs Ltd. | Financial | 1.80% | ₹15.46 Cr | +2.21% | +1.00% | — |
| Cummins India Ltd. | Capital Goods | 1.74% | ₹14.99 Cr | +2.55% | +3.22% | +3.16% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.73% | ₹14.90 Cr | +1.94% | — | — |
| Delhivery Ltd. | Services | 1.72% | ₹14.75 Cr | +2.13% | — | — |
| BSE Ltd. | Services | 1.62% | ₹13.91 Cr | +1.96% | +1.69% | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.54% | ₹13.23 Cr | +1.90% | +1.68% | — |
| Max Financial Services Ltd. | Financial | 1.44% | ₹12.36 Cr | +2.07% | +1.69% | +2.42% |
| Sagility Ltd. | Services | 1.34% | ₹11.50 Cr | +1.89% | +2.45% | +1.60% |
| Concord Biotech Ltd. | Healthcare | 1.28% | ₹10.99 Cr | +1.15% | — | +1.10% |
| PB Fintech Ltd. | Services | 1.28% | ₹11.01 Cr | +1.19% | +3.04% | +3.37% |
| Travel Food Services Ltd. | Services | 1.26% | ₹10.80 Cr | +1.72% | +1.88% | +2.48% |
| Persistent Systems Ltd. | Technology | 1.23% | ₹10.56 Cr | +0.98% | +1.25% | — |
| Fractal Analytics Ltd. | Technology | 1.16% | ₹9.99 Cr | +1.33% | +1.29% | — |
| Reserve Bank of India | Financial | 1.15% | ₹9.88 Cr | +1.12% | +1.28% | +1.07% |
| 360 One Wam Ltd. | Financial | 1.08% | ₹9.27 Cr | — | — | — |
| Aequs Ltd. | Technology | 1.07% | ₹9.18 Cr | +0.87% | — | — |
| Infosys Ltd. | Technology | 1.02% | ₹8.75 Cr | +0.99% | +1.41% | +1.48% |
| Physicswallah Ltd. | Services | 1.01% | ₹8.67 Cr | +1.12% | — | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 0.97% | ₹8.34 Cr | +1.06% | +1.67% | +2.34% |
| Fine Organic Industries Ltd. | Chemicals | 0.86% | ₹7.38 Cr | +0.70% | — | — |
| Atul Ltd. | Chemicals | 0.81% | ₹6.92 Cr | +0.58% | — | — |
| Ola Electric Mobility Ltd. | Automobile | 0.78% | ₹6.72 Cr | +1.30% | — | — |
| JTEKT India Ltd. | Automobile | 0.75% | ₹6.48 Cr | +0.85% | +1.22% | +1.41% |
| KFin Technologies Ltd. | Financial | 0.70% | ₹6.05 Cr | +0.69% | +2.02% | +2.03% |
| Astrazeneca Pharma India Ltd. | Healthcare | 0.65% | ₹5.57 Cr | +0.56% | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 0.57% | ₹4.86 Cr | +1.86% | +1.71% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Hitachi Energy India Ltd. | 3.64% | 0.48% | -3.16% |
| Manipal Payment and Identity Solutions Ltd. | 0.00% | 1.93% | +1.93% |
| Bharti Airtel Ltd. | 0.17% | 2.04% | +1.87% |
| Sagility Ltd. | 2.15% | 1.34% | -0.81% |
| PB Fintech Ltd. | 2.02% | 1.28% | -0.74% |
| Max Financial Services Ltd. | 1.98% | 1.44% | -0.54% |
| Ujjivan Small Finance Bank Ltd. | 1.08% | 0.57% | -0.51% |
| Pine Labs Ltd. | 2.23% | 1.80% | -0.43% |
| Acutaas Chemicals Ltd. | 3.44% | 3.82% | +0.38% |
| Others | 4.50% | 4.12% | -0.38% |
| Polycab India Ltd. | 2.26% | 1.93% | -0.33% |
| Atul Ltd. | 0.55% | 0.81% | +0.26% |
| Lenskart Solutions Ltd. | 2.34% | 2.58% | +0.24% |
| Linde India Ltd. | 3.85% | 4.07% | +0.22% |
| One 97 Communications Ltd. | 5.05% | 5.27% | +0.22% |
| Aequs Ltd. | 0.87% | 1.07% | +0.20% |
| Divi's Laboratories Ltd. | 4.13% | 4.32% | +0.19% |
| Fine Organic Industries Ltd. | 0.67% | 0.86% | +0.19% |
| Eternal Ltd. | 3.04% | 3.16% | +0.12% |
| GE Vernova T&D India Ltd | 1.65% | 1.54% | -0.11% |
| Multi Commodity Exchange Of India Ltd. | 3.00% | 3.11% | +0.11% |
| Physicswallah Ltd. | 0.91% | 1.01% | +0.10% |
| Fractal Analytics Ltd. | 1.25% | 1.16% | -0.09% |
| 3M India Ltd. | 2.27% | 2.36% | +0.09% |
| Amagi Media Labs Ltd. | 2.50% | 2.59% | +0.09% |
| Mahindra & Mahindra Ltd. | 2.25% | 2.16% | -0.09% |
| Bajaj Finance Ltd. | 2.49% | 2.41% | -0.08% |
| Amber Enterprises India Ltd. | 1.04% | 0.97% | -0.07% |
| Delhivery Ltd. | 1.79% | 1.72% | -0.07% |
| Infosys Ltd. | 1.09% | 1.02% | -0.07% |
| 360 One Wam Ltd. | 1.15% | 1.08% | -0.07% |
| FSN E-Commerce Ventures Ltd. | 2.82% | 2.76% | -0.06% |
| Reserve Bank of India | 1.09% | 1.15% | +0.06% |
| Navin Fluorine International Ltd. | 3.40% | 3.45% | +0.05% |
| company:20133 | 0.05% | 0.00% | -0.05% |
| Billionbrains Garage Ventures Ltd. | 1.69% | 1.73% | +0.04% |
| KFin Technologies Ltd. | 0.74% | 0.70% | -0.04% |
| Astrazeneca Pharma India Ltd. | 0.68% | 0.65% | -0.03% |
| Ola Electric Mobility Ltd. | 0.81% | 0.78% | -0.03% |
| Symbiotec Pharmalab Ltd. | 0.03% | 0.00% | -0.03% |
| TVS Motor Company Ltd. | 3.24% | 3.27% | +0.03% |
| Bosch Ltd. | 3.27% | 3.29% | +0.02% |
| Concord Biotech Ltd. | 1.26% | 1.28% | +0.02% |
| Lupin Ltd. | 2.15% | 2.13% | -0.02% |
| BSE Ltd. | 1.61% | 1.62% | +0.01% |
| Cummins India Ltd. | 1.75% | 1.74% | -0.01% |
| JTEKT India Ltd. | 0.76% | 0.75% | -0.01% |
| Persistent Systems Ltd. | 1.22% | 1.23% | +0.01% |
| Travel Food Services Ltd. | 1.27% | 1.26% | -0.01% |
| Glenmark Pharmaceuticals Ltd. | 2.43% | 2.44% | +0.01% |
| Bharat Electronics Ltd. | 2.48% | 2.48% | 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 | ₹3,484 Cr | 2.15% | 13.5% | 10.5% | 14.9% |
 ICICI Prudential Innovation Fund | ₹7,549 Cr | 2.16% | 5.1% | 7.8% | — |
 Kotak Pioneer Fund | ₹4,295 Cr | 1.90% | 11.4% | 11.5% | 15.6% |
 Nippon India Innovation Fund | ₹2,923 Cr | 2.10% | 5.8% | 5.8% | — |
 Axis Innovation Fund | ₹1,345 Cr | 2.27% | 21.5% | 13.2% | 14.3% |
 Union Innovation & Opportunities Fund | ₹1,307 Cr | 2.31% | 23.9% | 14.2% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to seek long term capital appreciation by investing at least 80% of its net assets in equity/equity related instruments of companies focusing and benefitting from innovation.
Fund managers
- Abhay JoshiMBA (Finance), Certified Financial Planner (CFP).Prior to joining Baroda BNP Paribas AMC, he was associated with Navkar Consultancy Services.
- Jitendra SriramMr. Sriram is a B.E (Electrical) and holds a post graduate diploma in Business Management.Prior to joining Baroda BNP Paribas Mutual Fund, he has worked with HSBC AMC, Deutsche Equities Pvt. Ltd., HSBC Securities, Capital Markets Pvt. Ltd. and ITC Classic Share & Stock Broking.
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 months7.79% absolute | ₹60,000 | ₹64,674 | 7.79% | |
| 1 year9.31% annualised | ₹1,20,000 | ₹1,26,227 | 5.19% |
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 Innovation Fund?
The NAV of Baroda BNP Paribas Innovation Fund is ₹13.92 as on 9 Nov 2026.
What is the expense ratio of Baroda BNP Paribas Innovation Fund?
The expense ratio of Baroda BNP Paribas Innovation Fund is 2.52% per year.
What is the minimum SIP amount for Baroda BNP Paribas Innovation Fund?
You can start a SIP in Baroda BNP Paribas Innovation Fund with ₹3,000 a month.
Is there a lock-in or exit load on Baroda BNP Paribas Innovation 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 Innovation Fund?
Baroda BNP Paribas Innovation Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-Innovation category.
Which fund house manages Baroda BNP Paribas Innovation Fund?
Baroda BNP Paribas Innovation Fund is managed by Baroda BNP Paribas Mutual Fund, which runs 44 schemes with ₹55,028 Cr under management.