Baroda BNP Paribas India Consumption Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Baroda BNP Paribas India Consumption Fund Direct Growth Plan has a NAV of ₹33.5683 as of 17 Sep 2026 and an AUM of ₹1,453 Cr. Its 1-year, 3-year and 5-year returns are -8.63%, 9.31% and 10.1%, respectively, and it sits in the High Risk category.
Our view is that this is a cyclical equity fund for investors who can tolerate sharp swings and want consumer-led exposure rather than steady, benchmark-like behaviour. The longer record is still positive, but the latest year has been weak, so the fit is better for a patient investor with a longer horizon who can live with uneven short-term outcomes.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹33.5683 as of 17 Sep 2026 |
| AUM | ₹1,453 Cr |
| Expense Ratio | 0.64% |
| Launch Date | 07 Sep 2018 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | Nil upto 10% of units and 1% for excess units on or before 12M, Nil after 12M |
| Fund Managers | Paresh Jain, Himanshu Singh |
The fund is managed by Paresh Jain and Himanshu Singh.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.9% | -3.66% |
| 3M | 0.72% | -3.71% |
| 1Y | -8.63% | -7.13% |
| 3Y | 9.31% | 5.82% |
| 5Y | 10.1% | 5.72% |
The recent pattern has been uneven. Over 1 month, the fund slipped a little more than the benchmark, but over 3 months it recovered while the benchmark remained negative. That tells us the fund can move differently from the index over shorter periods, which may suit investors who are comfortable with active deviation rather than a smooth tracking path.
The 1-year return is still negative, and it is weaker than the benchmark over the same horizon. That keeps the recent picture cautious. Even so, the 3-year and 5-year returns are both ahead of the benchmark, so the longer view remains more constructive than the latest 12-month stretch.
The time pattern also matters. The fund has shown phases of recovery followed by softer patches, which is typical of a thematic equity portfolio that depends on consumer spending trends and stock selection within the theme. Our reading is that the fund’s longer compounding profile has been better than its recent one, but the path has not been linear.
For investors, that means the fund should be judged more on its longer holding behaviour than on a single weak year. The main question is not whether it can rally in short bursts, but whether an investor is willing to hold through periods when the benchmark and the fund diverge materially.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Baroda BNP Paribas India Consumption?
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 India Consumption? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Baroda BNP Paribas India Consumption Fund Direct Growth Plan | -8.63% | 9.31% | 10.1% |
| 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 recent numbers, the fund trails the strongest peer 1-year figures by a wide margin, so its latest stretch is clearly softer than the strongest thematic and sector-oriented names in the group. The longer view is more mixed: the fund’s 3-year and 5-year returns are stronger than the peers with available long-term figures, while several peers do not have comparable longer-horizon numbers. That creates a split picture between short-term softness and a steadier longer-run record.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Titan Company Limited | Diamond & Jewellery | 8.07% |
| Bharti Airtel Limited | Telecom | 6.86% |
| Mahindra & Mahindra Limited | Automobile & Ancillaries | 6.77% |
| Maruti Suzuki India Limited | Automobile & Ancillaries | 6.18% |
| Eicher Motors Limited | Automobile & Ancillaries | 5.47% |
| Eternal Limited | Retailing | 5.42% |
| TVS Motor Company Limited | Automobile & Ancillaries | 4.93% |
| Nestle India Limited | FMCG | 3.27% |
| The Phoenix Mills Limited | Realty | 3.14% |
| Bajaj Auto Limited | Automobile & Ancillaries | 2.92% |
The top 10 holdings account for approximately 53.03% of the portfolio.
To see all holdings, visit the Baroda BNP Paribas India Consumption Fund Direct Growth Plan page
The largest holding, Titan Company Limited, is 8.07%, so it is large enough to matter but not so dominant that it controls the portfolio on its own. The gap from the first holding to the tenth is moderate rather than extreme, which suggests the fund is not built around a single outsized position.
That said, the top 10 holdings together make up 53.03% of the portfolio, so more than half of the disclosed exposure sits in a relatively small set of names. With 36 holdings in total, the fund appears to combine a visible core with a longer tail of smaller positions. In our view, that structure may still allow a few consumer-linked holdings to influence returns more than the rest.
The mix also shows a noticeable tilt toward automobiles and consumption-linked businesses, with multiple names in automobiles and ancillaries, plus exposure to telecom, retailing, FMCG and realty. That profile may make the fund more sensitive to spending cycles than a broader market fund.
Source data date: as of 17 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk exposure and who can hold through stretches when short-term returns are weak. The 1-year figure is negative and below the benchmark, but the 3-year and 5-year records are better than the benchmark, which points to a fund that may reward patience more than quick entry and exit.
The better fit is a medium- to long-term horizon, especially for investors who want a consumer-focused equity allocation and can accept performance that may move differently from the Nifty 50. The main trade-off is clear: you give up consistency in the near term in exchange for the possibility of stronger longer-run compounding.
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 up to 10% of units and 1% for excess units if sold on or before 12 months. 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 India Consumption Fund Direct Growth Plan?
The current NAV is ₹33.5683 as of 17 Sep 2026.
How have the 1-year, 3-year and 5-year returns looked?
The fund’s 1-year return is -8.63%, the 3-year return is 9.31% and the 5-year return is 10.1%.
How does the fund compare with the Nifty 50 benchmark?
It has lagged the benchmark over 1 year, but it has been ahead over 3 years and 5 years. That makes the longer picture more favourable than the most recent one.
How does it compare with the peer funds listed here?
On the latest 1-year figures, it trails the strongest peer returns by a wide margin. On the available 3-year and 5-year figures, it is ahead of the peers with comparable long-term numbers.
What is the fund manager team?
The fund is managed by Paresh Jain and Himanshu Singh.
What is the exit load and tax treatment?
The exit load is nil up to 10% of units and 1% for excess units if sold on or before 12 months, with no exit load after the holding period. Gains held for less than 1 year are taxed at 20%, while gains held for more than 1 year are taxed at 12.5%.
Bottom line
Baroda BNP Paribas India Consumption Fund Direct Growth Plan has a mixed recent record but a more reassuring longer-term pattern. The latest year is weak, yet the 3-year and 5-year figures are stronger than the benchmark and compare well with the available longer-horizon peer data. The portfolio is tilted toward consumer-linked businesses and is meaningfully concentrated in its top holdings, so it may suit investors who want thematic exposure and can accept High Risk behaviour across market cycles.
Published on 18 September 2026 at 4:08 PM 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.