Baroda BNP Paribas Innovation Fund
Thematic-InnovationVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹13.52-0.25%1 day
- Return since launch
- 13.6%
- 52-week range
- ₹11.33 — ₹14.01
- AUM
- ₹918 Cr
Baroda BNP Paribas Innovation Fund is a Thematic-Innovation equity fund from Baroda BNP Paribas Mutual Fund with ₹918 Cr under management, launched in 2024. The expense ratio is 2.60% 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 +11.2% against +8.4% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 12.8% | +3.0 pts | 9.8% | 14.2% |
| 2Y | 9.7% | −1.2 pts | 10.9% | 10.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.4% | −0.9 pts | -2.5% | -2.9% |
| 3M | 3.8% | −1.9 pts | 5.7% | 4.2% |
| 6M | 16.2% | −6.1 pts | 22.3% | 20.5% |
| 1Y | 11.2% | +1.4 pts | 9.8% | 8.5% |
| 2Y | 1.6% | −0.8 pts | 2.4% | 2.6% |
Since launch (14 Feb 2024): 13.6%
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
2.56%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.95%
- Brokerage
- 0.09%
- Transaction charges
- 0.01%
- Statutory levies
- 0.51%
- 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 31 Aug 2026
Asset allocation
- Equity94.5%
- Debt5.6%
Market cap split
- Large33.6%
- Mid37.4%
- Small29.1%
- P/E
- 56.64
- P/B
- 7.65
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| One97 Communications Ltd. | Services | 5.05% | ₹46.36 Cr | +3.91% | +3.87% | +3.40% |
| Others | Others | 4.42% | ₹40.14 Cr | +8.48% | +12.70% | +8.12% |
| Divi's Laboratories Ltd. | Healthcare | 4.13% | ₹37.87 Cr | +3.05% | +2.61% | +2.51% |
| Linde India Ltd. | Chemicals | 3.85% | ₹35.30 Cr | +4.56% | +4.49% | +3.85% |
| Hitachi Energy India Ltd. | Capital Goods | 3.64% | ₹33.42 Cr | +4.40% | +4.59% | +3.82% |
| Acutaas Chemicals Ltd. | Healthcare | 3.44% | ₹31.61 Cr | +3.89% | +2.71% | — |
| Navin Fluorine International Ltd. | Chemicals | 3.40% | ₹31.23 Cr | +3.22% | +3.57% | +2.44% |
| Bosch Ltd. | Automobile | 3.27% | ₹30.00 Cr | +2.52% | +1.91% | +1.89% |
| TVS Motor Company Ltd. | Automobile | 3.24% | ₹29.74 Cr | +2.74% | +3.19% | +4.04% |
| Eternal Ltd. | Services | 3.04% | ₹27.89 Cr | +2.44% | +3.40% | +3.92% |
| Multi Commodity Exchange Of India Ltd. | Services | 3.00% | ₹27.54 Cr | +4.06% | +3.17% | +2.10% |
| FSN E-Commerce Ventures Ltd. | Services | 2.82% | ₹25.87 Cr | +2.22% | +2.27% | +2.14% |
| Amagi Media Labs Ltd. | Technology | 2.50% | ₹22.98 Cr | +1.94% | +1.20% | — |
| Bajaj Finance Ltd. | Financial | 2.49% | ₹22.83 Cr | +2.60% | +2.65% | +2.11% |
| Bharat Electronics Ltd. | Capital Goods | 2.48% | ₹22.79 Cr | +2.35% | — | — |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 2.43% | ₹22.32 Cr | +1.95% | — | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.34% | ₹21.46 Cr | +2.70% | +1.87% | — |
| 3M India Ltd. | Consumer Staples | 2.27% | ₹20.87 Cr | +2.35% | +2.71% | +2.24% |
| Polycab India Ltd. | Capital Goods | 2.26% | ₹20.78 Cr | +2.17% | — | — |
| Mahindra & Mahindra Ltd. | Automobile | 2.25% | ₹20.68 Cr | +2.11% | +2.23% | +2.10% |
| Pine Labs Ltd. | Financial | 2.23% | ₹20.50 Cr | +0.83% | +1.10% | — |
| Lupin Ltd. | Healthcare | 2.15% | ₹19.70 Cr | +1.95% | — | — |
| Sagility Ltd. | Services | 2.15% | ₹19.69 Cr | +2.16% | +2.08% | +1.60% |
| Bharti Airtel Ltd. | Communication | 2.14% | ₹19.72 Cr | +5.58% | +5.78% | +8.40% |
| PB Fintech Ltd. | Services | 2.02% | ₹18.56 Cr | +1.95% | +2.84% | +3.41% |
| Max Financial Services Ltd. | Financial | 1.98% | ₹18.19 Cr | +1.92% | +1.85% | +2.40% |
| Delhivery Ltd. | Services | 1.79% | ₹16.42 Cr | +1.55% | — | — |
| Cummins India Ltd. | Capital Goods | 1.75% | ₹16.08 Cr | +2.69% | +3.15% | +3.00% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.69% | ₹15.56 Cr | +1.37% | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.65% | ₹15.11 Cr | +2.00% | +1.60% | — |
| BSE Ltd. | Services | 1.61% | ₹14.77 Cr | +2.33% | +1.53% | — |
| Travel Food Services Ltd. | Services | 1.27% | ₹11.70 Cr | +1.61% | +1.65% | +2.29% |
| Concord Biotech Ltd. | Healthcare | 1.26% | ₹11.57 Cr | +0.96% | — | +2.04% |
| Fractal Analytics Ltd. | Technology | 1.25% | ₹11.50 Cr | +1.52% | +1.06% | — |
| Persistent Systems Ltd. | Technology | 1.22% | ₹11.19 Cr | +1.19% | — | — |
| 360 One Wam Ltd. | Financial | 1.15% | ₹10.58 Cr | — | — | — |
| Infosys Ltd. | Technology | 1.09% | ₹9.98 Cr | +1.17% | +1.32% | +0.77% |
| Reserve Bank of India | Financial | 1.09% | ₹10.00 Cr | +1.13% | +1.15% | +1.04% |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.08% | ₹9.95 Cr | +1.64% | +1.77% | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 1.04% | ₹9.53 Cr | +1.31% | +1.83% | +2.05% |
| Physicswallah Ltd. | Services | 0.91% | ₹8.37 Cr | +0.98% | — | — |
| Aequs Ltd. | Technology | 0.87% | ₹8.02 Cr | — | — | — |
| Ola Electric Mobility Ltd. | Automobile | 0.81% | ₹7.48 Cr | +1.25% | — | — |
| JTEKT India Ltd. | Automobile | 0.76% | ₹6.93 Cr | +1.17% | +1.39% | +1.07% |
| KFin Technologies Ltd. | Financial | 0.74% | ₹6.79 Cr | +0.21% | +1.99% | +1.92% |
| Astrazeneca Pharma India Ltd. | Healthcare | 0.68% | ₹6.26 Cr | +0.46% | — | — |
| Fine Organic Industries Ltd. | Chemicals | 0.67% | ₹6.16 Cr | — | — | — |
| Atul Ltd. | Chemicals | 0.55% | ₹5.08 Cr | +0.43% | — | — |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.05% | ₹0.50 Cr | +0.06% | +0.06% | +0.05% |
| company:20823 | Healthcare | 0.03% | ₹0.26 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bharti Airtel Ltd. | 2.21% | 0.17% | -2.04% |
| Others | 2.57% | 4.50% | +1.93% |
| Cummins India Ltd. | 2.47% | 1.75% | -0.72% |
| Amagi Media Labs Ltd. | 3.09% | 2.50% | -0.59% |
| Divi's Laboratories Ltd. | 3.60% | 4.13% | +0.53% |
| Bosch Ltd. | 2.76% | 3.27% | +0.51% |
| Bajaj Finance Ltd. | 2.99% | 2.49% | -0.50% |
| Lenskart Solutions Ltd. | 2.82% | 2.34% | -0.48% |
| One97 Communications Ltd. | 4.58% | 5.05% | +0.47% |
| Hitachi Energy India Ltd. | 3.24% | 3.64% | +0.40% |
| Travel Food Services Ltd. | 1.63% | 1.27% | -0.36% |
| PB Fintech Ltd. | 1.69% | 2.02% | +0.33% |
| Ola Electric Mobility Ltd. | 1.14% | 0.81% | -0.33% |
| Linde India Ltd. | 4.17% | 3.85% | -0.32% |
| Multi Commodity Exchange Of India Ltd. | 2.71% | 3.00% | +0.29% |
| Pine Labs Ltd. | 1.94% | 2.23% | +0.29% |
| Lupin Ltd. | 2.43% | 2.15% | -0.28% |
| BSE Ltd. | 1.83% | 1.61% | -0.22% |
| Ujjivan Small Finance Bank Ltd. | 1.30% | 1.08% | -0.22% |
| Glenmark Pharmaceuticals Ltd. | 2.25% | 2.43% | +0.18% |
| Eternal Ltd. | 2.87% | 3.04% | +0.17% |
| 3M India Ltd. | 2.42% | 2.27% | -0.15% |
| Delhivery Ltd. | 1.94% | 1.79% | -0.15% |
| Mahindra & Mahindra Ltd. | 2.39% | 2.25% | -0.14% |
| Astrazeneca Pharma India Ltd. | 0.82% | 0.68% | -0.14% |
| JTEKT India Ltd. | 0.88% | 0.76% | -0.12% |
| Navin Fluorine International Ltd. | 3.30% | 3.40% | +0.10% |
| Physicswallah Ltd. | 1.01% | 0.91% | -0.10% |
| Bharat Electronics Ltd. | 2.39% | 2.48% | +0.09% |
| Sagility Ltd. | 2.07% | 2.15% | +0.08% |
| Billionbrains Garage Ventures Ltd. | 1.76% | 1.69% | -0.07% |
| FSN E-Commerce Ventures Ltd. | 2.76% | 2.82% | +0.06% |
| TVS Motor Company Ltd. | 3.30% | 3.24% | -0.06% |
| Atul Ltd. | 0.60% | 0.55% | -0.05% |
| Fine Organic Industries Ltd. | 0.63% | 0.67% | +0.04% |
| Max Financial Services Ltd. | 1.94% | 1.98% | +0.04% |
| Acutaas Chemicals Ltd. | 3.47% | 3.44% | -0.03% |
| Aequs Ltd. | 0.84% | 0.87% | +0.03% |
| company:20823 | 0.00% | 0.03% | +0.03% |
| Fractal Analytics Ltd. | 1.23% | 1.25% | +0.02% |
| Infosys Ltd. | 1.11% | 1.09% | -0.02% |
| Persistent Systems Ltd. | 1.24% | 1.22% | -0.02% |
| Reserve Bank of India | 1.11% | 1.09% | -0.02% |
| Polycab India Ltd. | 2.24% | 2.26% | +0.02% |
| 360 One Wam Ltd. | 1.14% | 1.15% | +0.01% |
| Concord Biotech Ltd. | 1.27% | 1.26% | -0.01% |
| GE Vernova T&D India Ltd | 1.64% | 1.65% | +0.01% |
| KFin Technologies Ltd. | 0.73% | 0.74% | +0.01% |
| TVS Motor Company Ltd - Pref. Shares | 0.06% | 0.05% | -0.01% |
| Amber Enterprises India Ltd. | 1.04% | 1.04% | 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 | ₹3,622 Cr | 2.16% | 16.8% | 12.5% | 16.5% |
 ICICI Prudential Innovation Fund | ₹8,012 Cr | 2.18% | 4.7% | 9.2% | — |
 Kotak Pioneer Fund | ₹4,281 Cr | 1.91% | 19.9% | 15.1% | 17.6% |
 Nippon India Innovation Fund | ₹3,108 Cr | 2.07% | 7.5% | 7.5% | — |
 Axis Innovation Fund | ₹1,363 Cr | 2.28% | 27.8% | 15.6% | 15.4% |
 Union Innovation & Opportunities Fund | ₹1,344 Cr | 2.36% | 24.0% | 14.9% | — |
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 months16.24% absolute | ₹60,000 | ₹69,744 | 16.24% | |
| 1 year11.16% annualised | ₹1,20,000 | ₹1,27,507 | 6.26% |
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 ₹13.52 as on 25 Sep 2026.
What is the expense ratio of Baroda BNP Paribas Innovation Fund?
The expense ratio of Baroda BNP Paribas Innovation Fund is 2.60% 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 ₹53,546 Cr under management.