Baroda BNP Paribas Nifty 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Baroda BNP Paribas Nifty 50 Index Fund Direct Growth Plan currently has a NAV of ₹10.9944 as of 17 Sep 2026 and scheme AUM of ₹54 Cr. Its 1-year, 3-year and 5-year returns are -7.26%, 0% and 0%, and the fund sits in the High Risk category. Our view is that this is a straightforward index option for investors who want Nifty 50 exposure, but the recent return pattern has been weak and the track record is still short because the scheme was launched on 29 Jan 2024.
The low expense ratio of 0.16% and direct-growth structure are practical positives, but the fund has not yet shown a long enough performance record to soften the impact of the negative 1-year figure. For investors comparing it with a plain benchmark-linked core holding, the main question is whether they are comfortable with near-term drawdown risk while accepting that the outcome should largely mirror Nifty 50 behaviour over time.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.9944 as of 17 Sep 2026 |
| AUM | ₹54 Cr |
| Expense Ratio | 0.16% |
| Launch Date | 29 Jan 2024 |
| Min SIP | ₹250 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | 0.20% on or before 30D, Nil after 30D |
| Fund Managers | Neeraj Saxena, Meenakshi Gururaj |
The fund is managed by Neeraj Saxena and Meenakshi Gururaj.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.66% | -3.66% |
| 3M | -3.21% | -3.71% |
| 1Y | -7.26% | -7.13% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
Recent movement has been soft, with the 1-month and 3-month figures both negative. The 3-month return is slightly better than the benchmark, which tells us the fund stayed fairly close to its index while still moving through a weak market phase. That is typical of an index strategy, but it does not change the fact that the recent trend has been under pressure.
Over 1 year, the fund has trailed the benchmark by a small margin. The gap is not large, yet it matters because index funds are usually judged on how tightly they stay with the benchmark after costs. Here, the return profile suggests that tracking has been close, but the recent result has still been disappointing in absolute terms.
The bigger limitation is the short history. Because the scheme was launched only in 2024, there is no meaningful 3-year or 5-year return record to study, so we cannot frame this as a mature long-term compounder. For now, the performance picture is mostly about how the fund behaves over shorter windows, and on that measure it has followed the benchmark direction with a slight lag over 1 year.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Baroda BNP Paribas Nifty 50 Index?
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 Nifty 50 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Baroda BNP Paribas Nifty 50 Index Fund Direct Growth Plan | -7.26% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 29.31% | 30.01% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.45% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.13% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.68% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 17.57% | 18.84% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s 1-year return is well below the peer figures shown here, while the short-term leader in the table is far ahead on the same measure. That difference is easier to see in the one-year row than in the shorter windows, where the fund is mostly being tested against a plain market slide. The available 3-year figures for a couple of peers are also much stronger, but this scheme does not yet have a comparable long-term track record.
So the peer picture is split: the fund looks ordinary to weak in recent absolute performance, but the comparison is also constrained by the fact that several peer rows do not have 3-year or 5-year history to match against. For investors, that means the table is more useful for judging near-term behaviour than for making a long-horizon comparison across every product.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| HDFC Bank Limited | Bank | 9.99% |
| ICICI Bank Limited | Bank | 9.29% |
| Reliance Industries Limited | Crude Oil | 7.84% |
| Bharti Airtel Limited | Telecom | 5.02% |
| Larsen & Toubro Limited | Infrastructure | 4.26% |
| State Bank of India | Bank | 3.98% |
| Infosys Limited | IT | 3.63% |
| Axis Bank Limited | Bank | 3.36% |
| Kotak Mahindra Bank Limited | Bank | 2.73% |
| Mahindra & Mahindra Limited | Automobile & Ancillaries | 2.68% |
The top 10 holdings account for approximately 52.78% of the portfolio.
To see all holdings, visit the Baroda BNP Paribas Nifty 50 Index Fund Direct Growth Plan page
The largest holding, HDFC Bank Limited, has a weight of 9.99%, which is meaningful but not extreme for a large-cap index fund. The next few positions remain sizable as well, especially ICICI Bank Limited at 9.29% and Reliance Industries Limited at 7.84%, so the portfolio’s leading names are likely to influence returns noticeably.
Weights taper down gradually from the top position to the tenth holding at 2.68%. That drop is not abrupt, which suggests the exposure is spread across several major companies rather than dominated by a single name alone. Even so, the first ten positions together account for 52.78% of the portfolio, so the fund still carries a fairly concentrated top layer.
With 49 holdings in total, the portfolio is broader than the displayed top 10 suggests, and the remaining names should add diversification beyond the largest positions. The combination of a broad holding count and a heavy top slice may give the fund a core-index character while still leaving the biggest banks and a few large corporations with greater influence on short-term moves.
Source data date: as of 17 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk equity exposure and want a simple Nifty 50-linked core holding. The short history and the negative 1-year return mean the near-term outcome has been uneven, so a longer horizon matters more than chasing quick gains. The benchmark comparison suggests the fund is broadly tracking the market rather than trying to outpace it, which is what an index investor should expect.
The main trade-off is accepting market volatility in exchange for low-cost index exposure and broad large-cap participation. Investors who can stay invested through weak periods and do not need active stock selection may find the structure easier to use as a portfolio foundation. Those who want a stronger recent return record or a shorter-term payoff may find the current profile less convincing.
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
- 0.20% on or before 30D, Nil after 30D
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of Baroda BNP Paribas Nifty 50 Index Fund Direct Growth Plan?
The current NAV is ₹10.9944 as of 17 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is -7.26%, while the 3-year and 5-year returns are Data not available because the scheme is still too young for a full long-term track record.
How does the fund compare with the Nifty 50 benchmark?
It is close to the benchmark over short periods and slightly behind on the 1-year figure, with the benchmark at -7.13% versus the fund at -7.26%.
How many holdings does the portfolio show?
The portfolio shows 49 holdings in total, and the top 10 account for approximately 52.78% of the portfolio.
What is the minimum SIP amount?
The minimum SIP amount is ₹250.
Who manages the fund and what is the exit load?
The fund is managed by Neeraj Saxena and Meenakshi Gururaj. The exit load is 0.20% on or before 30D and nil after 30D.
Bottom line
This fund’s recent performance has been softer than its benchmark, while its longer-term record is still too short to judge on a full cycle basis. Peer comparisons reinforce that the latest one-year number is weak against the better-performing comparison funds, although the lack of matching longer histories limits a broad long-term verdict. The portfolio is anchored by a sizable top layer of large-cap names, so the scheme looks like a conventional Nifty 50 core holding for investors who can tolerate High Risk market swings and who value broad large-cap exposure over active outperformance.
Published on 18 September 2026 at 11:45 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.