Baroda BNP Paribas Business Cycle Fund
Baroda BNP Paribas Mutual Fund · Sectoral/Thematic · Regular plan, growth option
NAV (₹), 1 Oct 2026
15.4053
1-day change
-0.47%
1Y return
0.4%
3Y CAGR
10.3%
5Y CAGR
9.2%
Max drawdown, 5Y
−20.8%
NAV history month-end NAV, ₹ · 21 Sep 2021 to 1 Oct 2026
Returns vs Sectoral/Thematic median (259 schemes) and “Business cycle & rotation” median (22)
| Period | Scheme | Category median | Business cycle & rotation median |
|---|---|---|---|
| 1 month | -5.5% | -5.4% | -5.4% |
| 3 months | -2.4% | -3.1% | -2.3% |
| 6 months | 7.5% | 8.5% | 11.2% |
| Year to date | -4.2% | -2.6% | -1.6% |
| 1 year | 0.4% | 0.0% | 0.1% |
| 3 years (CAGR) | 10.3% | 11.7% | 10.7% |
| 5 years (CAGR) | 9.2% | 10.6% | 11.3% |
| 7 years (CAGR) | n/a | 15.7% | n/a |
| 10 years (CAGR) | n/a | 13.3% | n/a |
| Since first NAV (CAGR) | 9.0% | – | – |
“Business cycle & rotation” is MFIC's grouping of Sectoral/Thematic schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 6.5% | 9.8% |
| 3Y rolling median | 15.8% | 15.6% |
| 3Y rolling worst | 10.3% | 0.6% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 84% | 71% |
| 5Y rolling median | n/a | 14.2% |
| 5Y rolling worst | n/a | 0.3% |
| 5Y periods ahead of benchmark | n/a | 70% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 16.2% | 16.7% |
| Sharpe ratio | 0.29 | 0.34 |
| Sortino ratio | 0.42 | 0.51 |
| Beta | 1.01 | 0.96 |
| Alpha (ann.) | 1.3% | 2.3% |
| Upside capture | 107.33 | 103.56 |
| Downside capture | 101.62 | 96.87 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −20.8% | −23.7% |
| Maximum drawdown, last 10Y | n/a | −39.3% |
| Maximum drawdown, last 5Y | −20.8% | −22.8% |
| Current drawdown | −10.0% | −8.8% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
21,857.75 −0.97%
NSE close, 1 Oct 2026
- P/E 21.6: higher than 1% of days since 2023 (median 24.2)
- 1Y −3.9% · 3Y +8.9% p.a. · 5Y +8.6% p.a. (index fund NAV, after costs)
- −9.3% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.52% a year and the Direct plan's 1.07%, a gap of 1.45%; over the last 3 years the Direct plan returned 1.58 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹31,99,629.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER increased from 2.49% to 2.52% (AMFI TER disclosure)
- 28 Sep 2026: TER reduced from 2.50% to 2.49% (AMFI TER disclosure)
- 24 Sep 2026: TER increased from 2.49% to 2.50% (AMFI TER disclosure)
- 23 Sep 2026: TER reduced from 2.50% to 2.49% (AMFI TER disclosure)
- 22 Sep 2026: TER increased from 2.49% to 2.50% (AMFI TER disclosure)
- 18 Sep 2026: TER reduced from 2.50% to 2.49% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 2.49% to 2.50% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Rohan Korde | Primary Fund Manager | 1 Jul 2026 |
| Ankeet Pandya | Primary Fund Manager | 1 Jul 2026 |
Objective: The investment objective of the Scheme is 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. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.
Stated asset allocation: Equity and equity related instruments selected on the basis of business cycles: 80% - 100%, Other equity and equity related instruments: 0% - 20%, Overseas equity and equity related instruments, including ADR, GDR, or any other type of securities: 0% - 20%, Units issued by InvITs: 0% - 10%, Money Market and other liquid instruments^^, Gold and Silver instruments (through ETFs): 0% - 20% Units of Mutual Funds as permitted by SEBI$: 0% - 10%
Benchmark (tier 1): BSE 500 TRI
Exit load: Redemption / switch out of units upto 10% of the units allotted before 1 Year from the date of allotment - NIL, If units are redeemed over and above the 10% limit, before 1 Year from the date of allotment - 1% of the applicable Net Asset Value (NAV), For redemption / switch out of units after 1 Year from the date of allotment - NIL.
Minimum application: ₹5,000
Allotment date: 15 Sep 2021
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 2.52% | 2.38% |
| AUM, whole scheme (₹ crore) | 535 | 1,245 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 1.9% | -2.3% TRI |
| Return, 3 years (AMFI) | 10.4% | 9.2% TRI |
| Return, 5 years (AMFI) | 9.3% | 8.9% TRI |
| Month-ends above category median (3Y CAGR) | 4% | 53% median |
| Month-ends in category top quartile (3Y) | 0% | 24% median |
Official benchmark: BSE 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Sectoral/Thematic Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -4.2% | -7.8% | +3.5% |
| 2025 | 0.8% | 7.7% | −6.9% |
| 2024 | 20.5% | 15.6% | +4.8% |
| 2023 | 31.0% | 26.5% | +4.4% |
| 2022 | 1.4% | 3.8% | −2.4% |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,18,018 | -3.0% |
| 3 years | ₹3,60,000 | ₹3,71,884 | 2.1% |
| 5 years | ₹6,00,000 | ₹7,42,119 | 8.4% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Sectoral/Thematic
Plan / option: Regular · Growth
AMFI scheme code: 149140
ISIN: INF955L01KH7
First NAV in MFIC data: 21 Sep 2021
History: 5.0 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| BARODA BNP PARIBAS LARGE CAP FUND | Large Cap | 0.98 | 8.7% |
| WhiteOak Capital Large & Mid Cap Fund | Large & Mid Cap | 0.98 | n/a |
| Edelweiss Flexi Cap Fund | Flexi Cap | 0.98 | 11.2% |
| Franklin India Multi Cap Fund | Multi Cap | 0.98 | n/a |
| PGIM India Multi Cap Fund | Multi Cap | 0.97 | n/a |
| Bajaj Finserv Large & Mid Cap Fund | Large & Mid Cap | 0.97 | n/a |
Questions about Baroda BNP Paribas Business Cycle Fund
- What is the latest NAV of Baroda BNP Paribas Business Cycle Fund?
- The NAV of the Regular plan (growth option) was ₹15.4053 on 1 Oct 2026, as published by AMFI.
- Which category is Baroda BNP Paribas Business Cycle Fund in?
- It is classified as Sectoral/Thematic in AMFI's daily NAV file; a Sectoral/Thematic scheme invests at least 80% in one sector or theme. MFIC compares it with 259 Sectoral/Thematic schemes (Regular plans).
- What returns has Baroda BNP Paribas Business Cycle Fund delivered?
- Over one year the NAV changed by 0.4%. The 3-year CAGR is 10.3% (category median 11.7%) and the 5-year CAGR is 9.2% (category median 10.6%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 15.8%, the lowest was 10.3%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 84% of those periods.
- What was the largest fall in Baroda BNP Paribas Business Cycle Fund's NAV?
- The largest peak-to-trough fall in its available history was 20.8%; within the last five years it was 20.8% (category median 22.8%).
- How volatile is Baroda BNP Paribas Business Cycle Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 16.2%, which is below the Sectoral/Thematic category median of 16.7%.
- What would a monthly SIP in Baroda BNP Paribas Business Cycle Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,42,119 on 1 Oct 2026, an annualised return (XIRR) of 8.4%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Baroda BNP Paribas Business Cycle Fund?
- The total expense ratio of the Regular plan is 2.52% a year, as disclosed to AMFI (median of Sectoral/Thematic Regular plans: 2.38%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Baroda BNP Paribas Business Cycle Fund?
- Assets under management of the whole scheme were ₹535 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Baroda BNP Paribas Business Cycle Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Baroda BNP Paribas Business Cycle Fund and how has it compared?
- Its official benchmark is the BSE 500 TRI. Over 3 years AMFI reports a return of 10.4% for this plan against 9.2% for the benchmark total return index; over 5 years 9.3% against 8.9%. Past performance does not indicate future results.
- How often has Baroda BNP Paribas Business Cycle Fund beaten its category?
- At 4% of the 25 month-ends compared over the last 10 years, its 3-year return was above the median of Sectoral/Thematic schemes (Regular plans); it was in the top quarter at 0% of them. A typical scheme would show about 50%.
- Who manages Baroda BNP Paribas Business Cycle Fund?
- According to its Scheme Summary Document, Baroda BNP Paribas Business Cycle Fund is managed by Rohan Korde (since 1 Jul 2026), Ankeet Pandya (since 1 Jul 2026).
- What is the exit load of Baroda BNP Paribas Business Cycle Fund?
- As stated in its scheme documents: Redemption / switch out of units upto 10% of the units allotted before 1 Year from the date of allotment - NIL, If units are redeemed over and above the 10% limit, before 1 Year from the date of allotment - 1% of the applicable Net Asset Value (NAV), For redemption / switch out of units after 1 Year from the date of allotment - NIL. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Baroda BNP Paribas Business Cycle Fund?
- The minimum application amount is ₹5,000. SIP details: SIP - 500 for daily, weekly & monthly and 1500 for quarterly, SWP - Rs. 1000 for Weekly, Monthly and 1500 for quarterly, STP - Rs. 1000 for Daily, Rs. 1000 for weekly, fortnightly, monthly and Rs. 1500 for quarterly.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 1.9% and the Regular plan's by 0.4%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.