Baroda BNP Paribas Innovation Fund
The scheme seeks to seek long term capital appreciation by investing at least 80% of its net assets in equity/equity related instruments of companies focusing and benefitting from innovation.
Growthvine rating: 2/5 — ranked #130 of 179 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹13.88 (as of 2026-08-21) |
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| AUM | ₹894 Cr |
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| Expense ratio | 1.96% |
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| Riskometer | Very High |
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| Fund manager | Abhay Joshi |
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| Exit load | For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | -22.88% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 78.8% of Nifty India Digital's upside and 51.1% of its downside.
Market cap allocation
| Large cap | 33.8% |
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| Mid cap | 36.0% |
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| Small cap | 30.2% |
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Concentration
| Top 5 holdings | 19.1% |
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| Top 10 holdings | 34.6% |
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| Total holdings | 46 |
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Top holdings
- One 97 Communications Limited — 4.6%
- Linde India Limited — 4.2%
- Divis Laboratories Ltd. — 3.6%
- ACUTAAS CHEMICALS LIMITED — 3.5%
- Navin Fluorine International Limited — 3.3%
- TVS Motor Company Ltd. — 3.3%
- HITACHI ENERGY INDIA LIMITED — 3.2%
- Amagi Media Labs Limited — 3.1%
- Bajaj Finance Limited — 3.0%
- Eternal Limited — 2.9%
Top sectors
- Pharma & Biotech — 13.8%
- Automobile — 10.5%
- Banking & Financial — 9.5%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 10.3% | Q1 (Top) | #38 of 167 |
| 2025 | -1.9% | Q4 (Bottom) | #106 of 132 |