Baroda BNP Paribas Banking and Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV: ₹ 43.45 as on 24-04-2024
Fund Performance
6 people have invested ₹ 8.5K in Baroda BNP Paribas Banking and Financial Services Fund Direct Growth in the last three months
Mutual Fund Insights
In the last 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 40.65% return, outperforming this fund by 10.78%.
In the last 3 years, Nippon India Banking & Financial Services Fund Direct Plan - Growth has given 24.18% return, outperforming this fund by 8.18% per annum.
Over the last 6 months, this fund has experienced a 34.1% growth in AUM moving from 93.43 Cr to 125.29 Cr.
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 18.78% return, outperforming this fund by 6.14% per annum.
INDmoney Rank of Baroda BNP Paribas Banking and Financial Services Fund Direct Growth
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IND ranking is not available for this fund.
Pros
Beats FD returns for both 3Y & 5Y duration
Cons
3Y returns in the bottom 25% of the category
About the Baroda BNP Paribas Banking and Financial Services Fund Direct Growth
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Baroda BNP Paribas Banking and Financial Services Fund Direct Growth has ₹125 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 1.3.
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth Overview
 | 1.26% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹125 Cr |
 | 1 January, 2013 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 0.01% |
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
70%
Small cap
14.4%
Mid cap
12.8%
Sector Allocation
Financial Services
100%
Top Holdings of Baroda BNP Paribas Banking and Financial Services Fund Direct Growth as on (31-Mar-24)
Equity Holdings29
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 20.33% | 18.3% | |
 HDFC Bank Ltd | 15.07% | 0% | |
 State Bank of India | 8.23% | 0% | |
 Axis Bank Ltd | 7.56% | 13.8% | |
 Bajaj Finance Ltd | 5.61% | 22.8% |
See all
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.17% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.64% in Mar'24
AUM Change
- AUM of the fund stands at 125.3 Cr as of Mar'24
- AUM increased by 4 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Baroda BNP Paribas Banking and Financial Services Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Bajaj Finance Ltd | 12% |
 Kotak Mahindra Bank Ltd | 4.8% |
 HDFC Bank Ltd | 4% |
Top Losers | 1M Return |
|---|---|
 Axis Bank Ltd | -0.6% |
 State Bank of India | 2.6% |
 RBL Bank Ltd | 12.1% |
Peer Analysis
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 11.95% since inception which is less than its category average return of 15.58%
Fund Allocations
This fund has an allocation of 98.31% in Equity, 0% in Debt and 1.69% in Cash related instruments
AUM size ₹125 Cr
This fund has AUM of ₹125 Cr which is less than its category average of ₹ 1553 Cr
Expense Ratio 1.26%
This fund has an expense ratio of 1.26% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions
The current NAV of Baroda BNP Paribas Banking and Financial Services Fund Direct Growth is ₹43.45 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.06% | 4.06% |
6 Month Returns | 18.39% | 18.39% |
1 Year Returns | 29.88% | 29.88% |
3 Years Returns | 56.09% | 16% |
5 Years Returns | 81.36% | 12.64% |
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1.26% as on March 2024
₹125 Cr as on March 2024
ICICI Bank Ltd(20.33%), HDFC Bank Ltd(15.07%), State Bank of India(8.23%), Axis Bank Ltd(7.56%), Bajaj Finance Ltd(5.61%) as on March 2024
The alpha ratio for the Baroda BNP Paribas Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth | 11.91 | 2.32 | 0.29 |
As on March 2024
The alpha for Baroda BNP Paribas Banking and Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Baroda BNP Paribas Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth | 0.88 | 0.92 | 0.95 |
As on March 2024
The Beta for Baroda BNP Paribas Banking and Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Baroda BNP Paribas Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth | 1.67 | 0.53 | 0.37 |
As on March 2024
The sharpe ratio for Baroda BNP Paribas Banking and Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Baroda BNP Paribas Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth | 12.44 | 15.49 | 24.53 |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.91 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.36 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of Baroda BNP Paribas Banking and Financial Services Fund Direct Growth is 1%