Baroda BNP Paribas Arbitrage Fund
The scheme seeks to generate income and capital appreciation by investing in a combination of diversified portfolio of equity and equity related instruments, including use of equity derivatives strategies and arbitrage opportunities with exposure in debt and fixed income instruments.
Growthvine rating: 3/5 — ranked #11 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹17.10 (as of 2026-08-21) |
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| AUM | ₹1,125 Cr |
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| Expense ratio | 0.95% |
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| Riskometer | Low |
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| Fund manager | Meenakshi Gururaj |
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| Exit load | 0.25% for redemption within 15 days |
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Performance & risk
| Sharpe ratio | 1.34 |
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| Standard deviation | 0.52% |
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| Max drawdown | -0.30% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 27.4% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -23.6% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
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| Top 10 holdings | 0.0% |
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| Total holdings | 82 |
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Top holdings
- Net Receivables/Payables (FnO) — 71.2%
- Baroda BNP Paribas Liquid Fund - Direct Growth — 7.1%
- Clearing Corporation of India Ltd — 6.4%
- 182 Days Tbill (MD 19/11/2026) — 4.4%
- 364 Days Tbill (MD 11/03/2027) — 4.3%
- VODAFONE IDEA LIMITED — 4.1%
- Adani Energy Solutions Limited — 3.7%
- Manappuram Finance Limited — 3.5%
- Canara Bank — 3.5%
- AXIS Bank Ltd. — 3.4%
Top sectors
- Agricultural & Farm Machinery — 0.0%
- Automobile — 0.0%
- Aerospace & Defence — 0.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 3.6% | Q4 (Bottom) | #33 of 35 |
| 2025 | 6.2% | Q3 | #21 of 31 |
| 2024 | 7.5% | Q3 | #16 of 27 |
| 2023 | 7.2% | Q1 (Top) | #5 of 25 |