Baroda BNP Paribas NIFTY Midcap 150 Index Fund Direct Growth

Baroda BNP Paribas NIFTY Midcap 150 Index Fund Direct Growth is an equity fund. This fund was started on 4 November, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.

1. Baroda BNP Paribas NIFTY Midcap 150 Index Fund Direct Growth has ₹8 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
2. The fund has an expense ratio 0.4.
   

Baroda BNP Paribas NIFTY Midcap 150 Index Fund Direct Growth has given a CAGR return of -10.81% since inception.

Baroda BNP Paribas NIFTY Midcap 150 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Tech, Health, Consumer Defensive, Real Estate, Communication, Energy, Utilities. Its top holdings are Max Healthcare Institute Ltd Ordinary Shares, BSE Ltd, Indian Hotels Co Ltd, Persistent Systems Ltd, Suzlon Energy Ltd

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the Scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Total Returns Index before expenses, subject to tracking errors, fees, and expenses.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Baroda BNP Paribas NIFTY Midcap 150 Index Fund Direct Growth has no lock in period.