Baroda BNP Paribas Innovation Fund Direct Growth

Baroda BNP Paribas Innovation Fund Direct Growth is an equity fund. This fund was started on 7 March, 2024. The fund is managed by Pratish Krishnan. The fund could potentially beat inflation in the long-run.

1. Baroda BNP Paribas Innovation Fund Direct Growth has ₹981 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
2. The fund has an expense ratio 1.1.
   

Baroda BNP Paribas Innovation Fund Direct Growth has given a CAGR return of 14.34% since inception. Over the last 1 year the fund has given a CAGR return of 8.82%.

Baroda BNP Paribas Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Tech, Industrial, Financial Services, Health, Basic Materials, Communication, Consumer Defensive, Energy. Its top holdings are Bharti Airtel Ltd, Linde India Ltd, ICICI Bank Ltd, TVS Motor Co Ltd, Hitachi Energy India Ltd Ordinary Shares

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the scheme is 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. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Baroda BNP Paribas Innovation Fund Direct Growth has no lock in period.