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 2 m old fund and has delivered average annual returns of 11.76% since inception. Baroda BNP Paribas Business Cycle Fund Returns 1-Year 3-Year Since Inception -0.72% 16.38% 11.76%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹15.8051+0.44% 1 day change	11.76% p.a.	App exclusive #NA View Ranked Funds	₹563 Cr

Historical NAV & returns

NAV: ₹15.8051 as on Oct 20, 2025

This fund Category average

Baroda BNP Paribas Business Cycle Fund overview

AUM (Fund size)	₹563 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 2 m since Aug 24, 2021
Benchmark	BSE 500 TRI
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Expense ratio	2.38% as on Sep 30, 2025
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 Oct 24, 2025

Period	This fund	Category average
1 Month	3.52%	4.09%
3 Months	2.95%	3.62%
6 Months	5.6%	8.04%
1 Year	-0.72%	3.42%
2 Years	19.7%	21.43%
3 Years	16.38%	18.5%
4 Years	11.59%	13.61%

View returns in detail

Asset allocationas on Sep 30, 2025

Large Cap 61.14%

Mid Cap 19.98%

Small Cap 12.89%

Other Cap 0%

Top holdings

HDFC Bank Ltd.6.99%

ICICI Bank Ltd.6.03%

Reliance Industries Ltd.5.23%

Larsen & Toubro Ltd.4.09%

Top sectors

Financial 27.93%

Automobile 11.25%

Healthcare 11.009999999999998%

Capital Goods 7.4%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 6.95%

Reserve Bank of India 1.05%

Allocation by Instruments

CBLO 6.95%

Index Derivatives 1.23%

Treasury Bills 1.05%

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	3.52%	5.6%	-0.72%	16.38%	N.A.	N.A.
ICICI Prudential India Opportunities Fund	4.09%	7.45%	8.52%	22.78%	32.63%	13.86%
ICICI Prudential Dividend Yield Equity Fund	3.7%	7.44%	7.33%	23.76%	29.89%	16.07%
ICICI Prudential Value Fund	4.07%	7.71%	7.35%	21.71%	26.81%	15.51%
SBI Contra Fund	4.52%	6.02%	2.74%	20.23%	29.54%	16.14%
ICICI Prudential India Equity FOF	4.07%	7.27%	6.61%	21.35%	26.52%	12.27%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Baroda BNP Paribas Business Cycle Fund	13.91	1.03	0.71	0.99
ICICI Prudential India Opportunities Fund	11.51	0.82	1.32	2.34
ICICI Prudential Dividend Yield Equity Fund	12.13	0.86	1.33	2.07
ICICI Prudential Value Fund	11.19	0.79	1.28	2.23
SBI Contra Fund	12.19	0.89	1.05	1.68
ICICI Prudential India Equity FOF	11.73	0.87	1.17	1.88

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Baroda BNP Paribas Business Cycle Fund	N.A.	563 Cr	4 yrs 2 m	2.38%
ICICI Prudential India Opportunities Fund	N.A.	30,802 Cr	6 yrs 10 m	1.58%
ICICI Prudential Dividend Yield Equity Fund	N.A.	5,936 Cr	11 yrs 6 m	1.81%
ICICI Prudential Value Fund	N.A.	55,445 Cr	21 yrs 3 m	1.5%
SBI Contra Fund	N.A.	47,205 Cr	20 yrs 5 m	1.5%
ICICI Prudential India Equity FOF	N.A.	229 Cr	5 yrs 8 m	1.21%

View all Strategy funds

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

Alpha	0.07 vs. 4.37 Underperformed at beating benchmark
Sharpe	0.71 vs. 4.77 Poor risk-adjusted returns
Beta	1.03 vs. 0.73 More sensitive to market's ups & downs
Standard deviation	13.91 vs. 8.76 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 2 m, having been launched on 24/08/2021. Baroda BNP Paribas Business Cycle Fund has ₹563 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Baroda BNP Paribas Business Cycle Fund as of 20/10/2025 is ₹15.81. The fund has an expense ratio of 2.38%, which is higher than what most other Strategy funds charge.

Baroda BNP Paribas Business Cycle Fund returns of last 1-year are -4.17%. Since launch, it has delivered 11.82% 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., ICICI Bank Ltd., Reliance Industries Ltd., Larsen & Toubro Ltd., Hitachi Energy India Ltd..

...

Fund AUM	563 Cr as on Sep 30, 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	50,753 Cr as on Sep 30, 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.	2,190 Cr	2.6%	24.6%
Baroda BNP Paribas Multi Cap Fund	N.A.	2,956 Cr	2.31%	23.88%
Baroda BNP Paribas Large & Mid Cap Fund	N.A.	1,607 Cr	1.46%	21.83%
Baroda BNP Paribas India Consumption Fund	N.A.	1,530 Cr	3.07%	20.29%
Baroda BNP Paribas Banking and Financial Services Fund	N.A.	305 Cr	13.36%	19.4%
Baroda BNP Paribas ELSS Tax Saver Fund	N.A.	896 Cr	4.67%	18.36%

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 ₹15.8051 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The Baroda BNP Paribas Business Cycle Fund is a 4 yrs 2 m old fund and has delivered average annual returns of 11.76% since inception.

Baroda BNP Paribas Business Cycle Fund Returns

1-Year	3-Year	Since Inception
-0.72%	16.38%	11.76%

How much does this mutual fund charge as expense ratio?

The Baroda BNP Paribas Business Cycle Fund has an expense ratio of 2.38%, 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 563 Cr as on Sep 30, 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.	6.99%
ICICI Bank Ltd.	6.03%
Reliance Industries Ltd.	5.23%
Larsen & Toubro Ltd.	4.09%
Hitachi Energy India Ltd.	3.88%
Kotak Mahindra Bank Ltd.	3.82%
Bharti Airtel Ltd.	2.1%
TVS Motor Company Ltd.	2.09%
Infosys Ltd.	2.07%
Sun Pharmaceutical Industries Ltd.	2.04%

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	27.93%
Automobile	11.25%
Healthcare	11.009999999999998%
Capital Goods	7.4%
Technology	6.76%
Energy	6.590000000000001%
Construction	5.6499999999999995%
Services	5.38%
Consumer Staples	4.49%
Communication	2.1%

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 Outperformance: This fund has generated highest return amongst Strategy funds in the last 2 Years.
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.