Baroda BNP Paribas Business Cycle Fund
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.
Growthvine rating: 4/5 — ranked #35 of 179 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹16.37 (as of 2026-08-21) |
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| AUM | ₹564 Cr |
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| Expense ratio | 2.07% |
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| Riskometer | Very High |
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| Fund manager | Ankeet Pandya |
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| Exit load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
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Performance & risk
| Sharpe ratio | 0.45 |
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| Standard deviation | 15.88% |
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| Max drawdown | -20.79% |
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| Alpha | 0.26 |
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| Beta | 1.02 |
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Over 5 years, captured 101.8% of Nifty 500's upside and 104.5% of its downside.
Market cap allocation
| Large cap | 70.6% |
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| Mid cap | 16.6% |
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| Small cap | 12.9% |
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Concentration
| Top 5 holdings | 24.8% |
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| Top 10 holdings | 38.0% |
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| Total holdings | 56 |
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Top holdings
- ICICI Bank Ltd. — 5.7%
- HITACHI ENERGY INDIA LIMITED — 5.2%
- Reliance Industries Ltd — 5.2%
- HDFC Bank Ltd. — 4.5%
- Larsen & Toubro Limited — 4.1%
- Sun Pharmaceutical Industries Ltd. — 3.3%
- Bharat Heavy Electricals Ltd. — 2.6%
- Divis Laboratories Ltd. — 2.6%
- TVS Motor Company Ltd. — 2.4%
- State Bank Of India — 2.4%
Top sectors
- Banking & Financial — 20.9%
- Automobile — 9.6%
- Software & Services — 9.1%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 1.8% | Q3 | #98 of 167 |
| 2025 | 0.8% | Q3 | #93 of 132 |
| 2024 | 20.5% | Q2 | #40 of 86 |
| 2023 | 31.0% | Q2 | #29 of 66 |
| 2022 | 1.4% | Q3 | #29 of 55 |