Baroda BNP Paribas Services Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Baroda BNP Paribas Services Fund Direct Growth Plan currently has a NAV of ₹9.6945 as of 17 Sep 2026 and manages ₹622 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme sits in the High Risk category. In our view, this is still a young services-focused equity scheme, so the key question is less about long history and more about whether its portfolio mix and benchmark behaviour suit an investor who can tolerate sharp swings.
The fund has started with a small recent rise in NAV, but there is not yet enough return history to judge a longer compounding track record. That makes it more suitable for investors who want a sector-tilted equity allocation and can wait through uneven early performance rather than those looking for a stable, already-established return profile.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.6945 as of 17 Sep 2026 |
| AUM | ₹622 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 03 Aug 2026 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | NIL upto 10% of units and 1% for remaining units on or before 1Y, NIL after 1Y |
| Fund Managers | Rohan Korde, Kirtan Mehta |
The fund is managed by Rohan Korde and Kirtan Mehta.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.84% | -3.66% |
| 3M | Data not available | Data not available |
| 1Y | 0% | Data not available |
| 3Y | 0% | Data not available |
| 5Y | 0% | Data not available |
The latest month shows a mild decline for the fund, but it held up a little better than the benchmark over the same stretch. That matters because the benchmark also softened, so the gap is not about strong absolute gains; it is about relative resilience during a weak month. For a new scheme, that kind of behaviour is more useful than trying to overread a short window.
The longer-period return fields do not yet tell a compounding story. With the fund launched only in August 2026, the 1-year, 3-year and 5-year figures are not meaningful as a performance record, even though the table carries the current return fields. We would treat this as an early-stage scheme rather than a fund with a tested multi-year history.
Because the recent month was negative, the immediate picture is still uneven. At the same time, the fund did not fall as much as the benchmark in that same period, which suggests the current portfolio has not been the most volatile part of the market in the near term. That said, the absence of a longer live track record means the short-term comparison should carry far more weight than any long-horizon interpretation.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Baroda BNP Paribas Services?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Baroda BNP Paribas Services? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Baroda BNP Paribas Services Fund Direct Growth Plan | 0% | 0% | 0% |
| ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan | 69.8% | 36.32% | Data not available |
| HDFC Pharma and Healthcare Fund Direct Growth Plan | 25.31% | Data not available | Data not available |
| Kotak Healthcare Fund Direct Growth Plan | 25.27% | Data not available | Data not available |
| Motilal Oswal Active Momentum Fund Direct Growth Plan | 24.51% | Data not available | Data not available |
| PGIM India Healthcare Fund Direct Growth Plan | 22.75% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On available return data, the fund trails every peer listed here on 1-year performance, while the better-established peer with 3-year history also sits well ahead on that measure. The shorter peer comparison therefore tells a clear story: the fund’s current return record is still unproven, while several other strategies have already shown stronger recent compounding. Because those peers have limited or missing longer-horizon figures too, the 3-year and 5-year view is more about comparison of available track records than a full like-for-like contest.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Clearing Corporation of India Ltd | Cash & Cash Equivalents and Net Assets | 12.46% |
| ICICI Bank Limited | Bank | 9.53% |
| HDFC Bank Limited | Bank | 4.9% |
| Bharti Airtel Limited | Telecom | 4.22% |
| Infosys Limited | IT | 4.01% |
| Bajaj Finance Limited | Finance | 3.06% |
| Axis Bank Limited | Bank | 2.61% |
| State Bank of India | Bank | 2.55% |
| Kotak Mahindra Bank Limited | Bank | 2.22% |
| Mphasis Limited | IT | 2.14% |
The largest disclosed holding is Clearing Corporation of India Ltd at 12.46%, which is sizeable but not overwhelming on its own. The weight then drops to 9.53% in ICICI Bank Limited and continues stepping down through a set of financials, telecom and IT names, so the exposure is not concentrated in a single stock.
The top 10 holdings together account for approximately 47.7% of the portfolio, and there are 51 disclosed holding rows in total. That combination suggests a meaningful tail beyond the largest positions, which may reduce single-name dependence while still leaving the top sleeve influential. Because the largest positions are spread across banking, finance, telecom and technology, the fund may have more than one return driver, but the cash and bank exposure still look important in shaping outcomes.
Given the current mix, the disclosed portfolio may appeal more to investors who are comfortable with a concentrated equity sleeve inside a high-risk framework than to those who want a broadly diversified core fund. The relatively quick drop from the first holding to the tenth indicates that the biggest positions matter most, yet the broader list implies the fund is not relying on just a few stocks alone.
To see all holdings, visit the Baroda BNP Paribas Services Fund Direct Growth Plan page
Source data date: as of 17 Sep 2026
Who should invest
This fund suits investors who can tolerate High Risk and are comfortable with a short, uneven track record. The current return pattern does not yet show a stable multi-year compounding record, so it is better matched to a longer investment horizon and to investors who can accept interim volatility while the strategy builds history.
The main trade-off is that the portfolio has meaningful exposure to financials and a large cash-like holding, which may help limit some day-to-day swings, but the scheme is still too young to show how it behaves across a full market cycle. Investors who want a tested core equity fund may find the lack of long history a constraint, while those willing to wait for the strategy to mature may find the current setup readable and transparent.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: NIL upto 10% of units and 1% for remaining units on or before 1Y, NIL after 1Y. There is no exit load after the holding period.
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of Baroda BNP Paribas Services Fund Direct Growth Plan?
The current NAV is ₹9.6945 as of 17 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 0%, 0% and 0%.
How has the fund performed versus the benchmark recently?
Over 1 month, the fund returned -2.84% versus -3.66% for the benchmark. That means it fell less than the benchmark in the latest month.
How does it compare with the peer funds listed here?
On the available 1-year figures, the fund’s 0% return is below the peers shown, where the strongest available 1-year return is 69.8% and the other listed peers are also positive. The longer-horizon peer figures are mixed because several are not available.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by Rohan Korde and Kirtan Mehta. The exit load is NIL upto 10% of units and 1% for remaining units on or before 1Y, NIL after 1Y, and there is no exit load after the holding period.
Bottom line
Baroda BNP Paribas Services Fund Direct Growth Plan is still an early-stage High Risk equity scheme, so its short history matters more than any long-horizon reading. The latest month was weaker than its benchmark in absolute terms, but slightly better on a relative basis, while the multi-year return fields do not yet provide a meaningful compounding record. Compared with the listed peers, the current return picture is weaker on the figures available. The portfolio is led by a 12.46% holding and then steps down gradually, which suggests influence is spread across several positions rather than one dominant bet.
Published on 18 September 2026 at 8:19 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.