Baroda BNP Paribas Business Cycle Fund

Q: What are the returns of this mutual fund scheme?

The Baroda BNP Paribas Business Cycle Fund is a 4 yrs 5 m old fund and has delivered average annual returns of 10.38% since inception. Baroda BNP Paribas Business Cycle Fund Returns 1-Year 3-Year Since Inception 3.83% 15.27% 10.38%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹15.4146-0.98% 1 day change	10.38% p.a.	App exclusive #NA View Ranked Funds	₹585 Cr

Historical NAV & returns

NAV: ₹15.4146 as on Feb 02, 2026

This fund Category average

Baroda BNP Paribas Business Cycle Fund overview

AUM (Fund size)	₹585 Cr
Exit load	1.0% Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.!
Lock-in Period	Nil
Age	4 yrs 5 m since Aug 24, 2021
Benchmark	BSE 500 TRI
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Expense ratio	2.39% as on Feb 02, 2026
Plan type	Regular
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Baroda BNP Paribas Business Cycle Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-5.07%	-8.79%
3 Months	-2.45%	-8.32%
6 Months	-0.16%	-5.01%
1 Year	3.83%	0.77%
2 Years	5.79%	3.92%
3 Years	15.27%	13.52%
4 Years	11.4%	9.99%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 63.04%

Mid Cap 22.17%

Small Cap 12.89%

Other Cap 0%

Top holdings

HDFC Bank Ltd.6.72%

Reliance Industries Ltd.5.56%

ICICI Bank Ltd.5.51%

Larsen & Toubro Ltd.4.4%

Top sectors

Financial 28.4%

Automobile 11.480000000000002%

Healthcare 9.500000000000002%

Capital Goods 7.45%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 2.21%

Reserve Bank of India 0.83%

Allocation by Instruments

CBLO 2.21%

Treasury Bills 0.83%

Other Holdings

Bifurcation by Holding is not available for this fund

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Baroda BNP Paribas Business Cycle Fund	-5.07%	-0.16%	3.83%	15.27%	N.A.	N.A.
ICICI Prudential India Opportunities Fund	-3.02%	5.18%	11.87%	22.83%	24.41%	13.86%
ICICI Prudential Value Fund	-3.55%	3.69%	11.27%	19.95%	20.57%	16.67%
ICICI Prudential Dividend Yield Equity Fund	-3.71%	3.15%	10.38%	22.01%	23.15%	17.4%
ICICI Prudential Diversified Equity All Cap Omni FoF	-4.85%	1.14%	8.2%	20.31%	19.81%	11.98%
SBI Contra Fund	-3.77%	1.88%	6.55%	19.59%	21.15%	17.19%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Baroda BNP Paribas Business Cycle Fund	13.66	1.03	0.72	0.98
ICICI Prudential India Opportunities Fund	11.3	0.83	1.35	2.2
ICICI Prudential Value Fund	11.09	0.81	1.18	2.0
ICICI Prudential Dividend Yield Equity Fund	11.93	0.87	1.26	1.98
ICICI Prudential Diversified Equity All Cap Omni FoF	11.66	0.89	1.16	1.79
SBI Contra Fund	12.07	0.91	1.07	1.65

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Baroda BNP Paribas Business Cycle Fund	N.A.	585 Cr	4 yrs 5 m	2.39%
ICICI Prudential India Opportunities Fund	N.A.	34,779 Cr	7 yrs 1 m	1.57%
ICICI Prudential Value Fund	N.A.	61,272 Cr	21 yrs 6 m	1.48%
ICICI Prudential Dividend Yield Equity Fund	N.A.	6,400 Cr	11 yrs 9 m	1.8%
ICICI Prudential Diversified Equity All Cap Omni FoF	N.A.	258 Cr	5 yrs 11 m	1.02%
SBI Contra Fund	N.A.	49,967 Cr	20 yrs 8 m	1.5%

View all Strategy funds

Key risk & return ratios Compared to other funds in the category

Alpha	-0.38 vs. 4.3 Underperformed at beating benchmark
Sharpe	0.72 vs. 4.6 Poor risk-adjusted returns
Beta	1.03 vs. 0.75 More sensitive to market's ups & downs
Standard deviation	13.66 vs. 8.85 More volatile performance

Compare Baroda BNP Paribas Business Cycle Fund in detail with

About this fund

About Baroda BNP Paribas Business Cycle Fund

Baroda BNP Paribas Business Cycle Fund is a Strategy mutual fund scheme from Baroda Bnp Paribas Mutual Fund. This fund has been in existence for 4 yrs 5 m, having been launched on 24/08/2021. Baroda BNP Paribas Business Cycle Fund has ₹585 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Baroda BNP Paribas Business Cycle Fund as of 02/02/2026 is ₹15.41. The fund has an expense ratio of 2.39%, which is higher than what most other Strategy funds charge.

Baroda BNP Paribas Business Cycle Fund returns of last 1-year are 3.16%. Since launch, it has delivered 10.37% average annual returns.
Baroda BNP Paribas Business Cycle Fund scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund has the majority of its money invested in Financial, Automobile, Healthcare, Capital Goods, Technology sectors. It has taken less exposure in Financial, Automobile sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., Reliance Industries Ltd., ICICI Bank Ltd., Larsen & Toubro Ltd., Hitachi Energy India Ltd..

...

Fund AUM	585 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Jitendra Sriram

Mr. 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.

Kushant Arora

CA, FRM Prior to Joining the Baroda BNP paribas asset management Ltd. He has worked with VLS Finance Ltd , Baroda asset management India Ltd, UTI asset management com Ltd and Axis sercurities.

Investment objective

The scheme seeks 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.

Baroda BNP Paribas Mutual Fund details

No. of schemes	41 view all schemes
Total AUM	53,480 Cr as on Dec 31, 2025
Address	BNP Paribas House, 7th Floor, G-Block, Bandra Kurla Complex, Bandra Mumbai, 400051
Phone	022-33704000

More funds from Baroda BNP Paribas Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Baroda BNP Paribas Midcap Fund	N.A.	2,313 Cr	8.46%	19.0%
Baroda BNP Paribas Multi Cap Fund	N.A.	3,142 Cr	1.06%	17.0%
Baroda BNP Paribas Large & Mid Cap Fund	N.A.	1,757 Cr	5.37%	16.37%
Baroda BNP Paribas ELSS Tax Saver Fund	N.A.	941 Cr	7.49%	13.39%
Baroda BNP Paribas India Consumption Fund	N.A.	1,546 Cr	-5.95%	13.09%
Baroda BNP Paribas Large Cap Fund	N.A.	2,702 Cr	5.88%	12.83%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Baroda BNP Paribas Business Cycle Fund?

The current Net Asset Value (NAV) of the Baroda BNP Paribas Business Cycle Fund plan is approximately ₹15.4146 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Baroda BNP Paribas Business Cycle Fund is a 4 yrs 5 m old fund and has delivered average annual returns of 10.38% since inception.

Baroda BNP Paribas Business Cycle Fund Returns

1-Year	3-Year	Since Inception
3.83%	15.27%	10.38%

How much does this mutual fund charge as expense ratio?

The Baroda BNP Paribas Business Cycle Fund has an expense ratio of 2.39%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Baroda BNP Paribas Business Cycle Fund currently has assets under management (AUM) or fund size valued at approximately 585 Cr as on Dec 31, 2025.

What are the top stock holdings of Baroda BNP Paribas Business Cycle Fund?

The Baroda BNP Paribas Business Cycle Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	6.72%
Reliance Industries Ltd.	5.56%
ICICI Bank Ltd.	5.51%
Larsen & Toubro Ltd.	4.4%
Hitachi Energy India Ltd.	3.52%
Bharti Airtel Ltd.	2.43%
Kotak Mahindra Bank Ltd.	2.37%
Infosys Ltd.	2.24%
Persistent Systems Ltd.	2.22%
TVS Motor Company Ltd.	2.06%

What are the top sectors Baroda BNP Paribas Business Cycle Fund has invested in?

The Baroda BNP Paribas Business Cycle Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	28.4%
Automobile	11.480000000000002%
Healthcare	9.500000000000002%
Capital Goods	7.45%
Technology	6.78%
Energy	6.68%
Services	6.500000000000001%
Construction	6.1899999999999995%
Consumer Staples	4.42%
Materials	2.64%

What is risk level of Baroda BNP Paribas Business Cycle Fund?

This is a Strategy fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in Baroda BNP Paribas Business Cycle Fund?

Redeeming your investments in the Baroda BNP Paribas Business Cycle Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Strategy

#NA

Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.