Baroda BNP Paribas Banking and Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 02-12-2024
₹ 49.14
▲0.3%
1D
Inception Returns
12.5%
/yr
About 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 ₹192 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 1.
Returns
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth has given a CAGR return of 12.51% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 24.53%, 16.94% and 12.74% respectively.
Holdings
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent, Government, Tech. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, State Bank of India, Axis Bank Ltd, Kotak Mahindra Bank Ltd
Taxation
As it is a sector - financial services mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Baroda BNP Paribas Banking and Financial Services Fund Direct Growth
The investment objective is to generate long-term capital appreciation for unit holders from a portfolio invested predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Baroda BNP Paribas Banking and Financial Services Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
16 people have invested ₹ 1.1L in Baroda BNP Paribas Banking and Financial Services Fund Direct Growth in the last three months
INDmoney Rank for Baroda BNP Paribas Banking and Financial Services Fund Direct Growth
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IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth Overview
| Expense ratio | 0.98% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹192 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 0.75% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (02-Dec-24)
Fund Distribution
as on (31-Oct-24)
Large cap
73.2%
Mid cap
14%
Small cap
6%
Sector Allocation
Financial Services
98.6%
Tech
1.4%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -2.69% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 3.83% in Oct'24
- AUM of the fund stands at 192.1 Cr as of Oct'24
- AUM increased by 5.5 Cr between Oct'24 and Sep'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 16.98% to 19.01%
ICICI Bank Ltd's allocation increased from 17.74% to 19.17%
CRISIL Ltd's allocation increased from 1.5% to 2.42%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 6.6 % to 6.04 %
Bajaj Finserv Ltd's allocation decreased from 5.26 % to 3.42 %
Bajaj Finance Ltd's allocation decreased from 3.09 % to 2.68 %
Large Cap allocation has gone up from 69.3% to 73.2%
Small Cap allocation has gone down from 9.5% to 6%
Mid Cap allocation has gone up from 12.1% to 14%
Cash allocation has gone up from 1.2% to 2%
Debt allocation has gone down from 0.4% to 0.4%
Top 3 Sectors in October were Financial Services, Government & Tech
Oct'24
Financial Services
99%
Government
8%
Tech
1%
Sep'24
Financial Services
99%
Government
13%
Tech
1%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Power Finance Corporation Ltd | 9.9% |
 HDFC Bank Ltd | 5.3% |
 State Bank of India | 0.8% |
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Fund House
Baroda BNP Paribas Asset Management India Pvt. Ltd.
Total Schemes
Total AUM
₹45.98K Cr
as on 31-Oct-2024
Address
Baroda BNP Paribas Mutual Fund,Crescenzo, 7th Floor, G-Block,,Bandra Kurla Complex
Phone
+912269209600
Website
service@barodabnpparibasmf.in
Mutual Fund Insights
In the last 1 year, SBI Banking & Financial Services Direct Growth has given 31.37% return, outperforming this fund by 6.84%.
In the last 3 years, Invesco India Financial Services Fund Direct Plan Growth has given 20.27% return, outperforming this fund by 3.33% per annum.
In the last 5 years, Invesco India Financial Services Fund Direct Plan Growth has given 17.2% return, outperforming this fund by 4.46% per annum.
Over the last 3 months, this fund has decreased expense ratio by 22.2% moving from 1.26 to 0.98.
This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.98% which is lower than the category average expense ratio of 1.04%.
Over the last 6 months, this fund has experienced a 42.0% growth in AUM moving from 135.3 Cr to 192.11 Cr.
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 12.51% since inception which is less than its category average return of 15.57%
Fund Allocations
This fund has an allocation of 97.6% in Equity, 0.36% in Debt and 2.04% in Cash related instruments
AUM size ₹192 Cr
This fund has AUM of ₹192 Cr which is less than its category average of ₹ 1738 Cr
Expense Ratio 0.98%
This fund has an expense ratio of 0.98% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions for Baroda BNP Paribas Banking and Financial Services Fund Direct Growth
The current NAV of Baroda BNP Paribas Banking and Financial Services Fund Direct Growth is ₹49.14 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.62% | 0.62% |
6 Month Returns | 11.55% | 11.55% |
1 Year Returns | 24.53% | 24.53% |
3 Years Returns | 59.92% | 16.94% |
5 Years Returns | 82.15% | 12.74% |
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0.98% as on November 2024
₹192 Cr as on November 2024
ICICI Bank Ltd(19.17%), HDFC Bank Ltd(19.01%), State Bank of India(7.32%), Axis Bank Ltd(6.04%), Kotak Mahindra Bank Ltd(3.51%) as on November 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 | 4.97 | 5.4 | 0.99 |
As on November 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 | 0.94 | 0.95 |
As on November 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 | 1.31 | 0.8 | 0.41 |
As on November 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 | 12.56 | 14.29 | 24.3 |
As on November 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 1.62 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.15 as on November 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%