Baroda BNP Paribas Banking and Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
About the Fund
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 ₹137 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
- The fund has an expense ratio 1.3.
Returns
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth has given a CAGR return of 12.47% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 28.07%, 16.35% and 12.29% respectively.
Holdings
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent, Government. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, State Bank of India, IndusInd 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.
Fund Performance
6 people have invested ₹ 43.5K in Baroda BNP Paribas Banking and Financial Services Fund Direct Growth in the last three months
INDmoney Rank
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IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
5Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category
Fund Overview
| Expense ratio | 1.26% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹137 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 0.01% |
| Risk |   Very High Risk |
Fund Distributionas on (31-May-24)
Large cap
69.8%
Small cap
15.1%
Mid cap
11%
Sector Allocation
Financial Services
100%
All changes are between Mar'24 and May'24
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 19.1% | 0% | |
 HDFC Bank Ltd | 16.57% | 13.4% | |
 Axis Bank Ltd | 9.47% | 0% | |
 State Bank of India | 8.17% | -10% | |
 IndusInd Bank Ltd | 3.37% | 0% |
See all
See all
Returns for the month of May
Top Growth Drivers | 1M Return |
|---|---|
 360 ONE WAM Ltd | 24.8% |
 HDFC Bank Ltd | 8.5% |
 ICICI Bank Ltd | 4.5% |
Mutual Fund Insights
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 18.67% return, outperforming this fund by 6.38% per annum.
In the last 1 year, Quant BFSI Fund Direct Growth has given 67.83% return, outperforming this fund by 39.76%.
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 22.87% return, outperforming this fund by 6.52% per annum.
Over the last 6 months, this fund has experienced a 36.5% growth in AUM moving from 100.17 Cr to 136.78 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 12.47% since inception which is less than its category average return of 17.37%
Fund Allocations
This fund has an allocation of 98.91% in Equity, 0.5% in Debt and 0.59% in Cash related instruments
AUM size ₹137 Cr
This fund has AUM of ₹137 Cr which is less than its category average of ₹ 1523 Cr
Expense Ratio 1.26%
This fund has an expense ratio of 1.26% which is less than its category average expense ratio of 1.33%
Frequently Asked Questions
The current NAV of Baroda BNP Paribas Banking and Financial Services Fund Direct Growth is ₹47.2 as on 02-Jul-2024.
Existing (Absolute + CAGR) as on 02-Jul-2024.
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.69% | 5.69% |
6 Month Returns | 9.88% | 9.88% |
1 Year Returns | 28.07% | 28.07% |
3 Years Returns | 57.51% | 16.35% |
5 Years Returns | 78.53% | 12.29% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
1.26% as on June 2024
₹137 Cr as on June 2024
ICICI Bank Ltd(19.1%), HDFC Bank Ltd(16.57%), Axis Bank Ltd(9.47%), State Bank of India(8.17%), IndusInd Bank Ltd(3.37%) as on June 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 | 9.95 | 3.29 | 0.44 |
As on June 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 | 0.86 | 0.91 | 0.96 |
As on June 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 | 1.42 | 0.71 | 0.4 |
As on June 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 | 13.47 | 15.39 | 24.63 |
As on June 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 1.25 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.51 as on June 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%