Baroda BNP Paribas Dynamic Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Baroda BNP Paribas Dynamic Term Fund Direct Growth Plan currently has a NAV of ₹52.4774 as of 03 Sep 2026 and a scheme AUM of ₹115 Cr. Its 1-year, 3-year and 5-year returns are 3.81%, 6.36% and 6.05%, respectively, and the risk category is Medium Risk.

Our view is that this is a steady debt-oriented option for conservative investors who can accept moderate fluctuations in return while looking for a relatively restrained growth pattern. The portfolio structure and benchmark behaviour suggest a fund that has been more measured than aggressive, with performance that has stayed close to its longer-term pace.

Quick facts

Particular	Details
NAV	₹52.4774 as of 03 Sep 2026
AUM	₹115 Cr
Expense Ratio	0.7%
Launch Date	02 Jan 2013
Min SIP	₹500
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	No exit load
Fund Managers	Gurvinder Singh Wasan, Prashant Pimple

The fund is managed by Gurvinder Singh Wasan and Prashant Pimple.

Source data date: as of 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.1%	-3.01%
3M	2.03%	1.95%
1Y	3.81%	-4.4%
3Y	6.36%	5.74%
5Y	6.05%	6.27%

The recent pattern is mixed but not erratic. Over 1 month and 3 months, the fund has held up better than the benchmark, which points to a comparatively stable short-term profile even though the gap is not large across all windows.

The 1-year figure is more important for context because it shows the fund delivering a positive return while the benchmark was negative. That tells us the scheme has protected capital better than the benchmark over a tougher stretch, even if the recent pace has been modest.

Over 3 years, the fund has stayed ahead of the benchmark, but the 5-year picture is slightly different because the benchmark has a small edge. Taken together, the numbers suggest a fund that has been reasonably consistent over medium horizons, but not one that has steadily outpaced the benchmark across every period.

The multiplier pattern also matters here. It points to gradual compounding with some uneven patches, rather than a sharp one-way climb. That kind of profile usually suits investors who prefer steadier debt-fund behaviour over abrupt swings.

Source data date: as of 03 Sep 2026

Should you BUY or HOLD Baroda BNP Paribas Dynamic Term?

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Baroda BNP Paribas Dynamic Term Fund Direct Growth Plan	3.81%	6.36%	6.05%
Bandhan Dynamic Term Fund Direct Growth Plan	8.1%	7.62%	6.13%
Kotak Dynamic Term Fund Direct Growth Plan	7.39%	7.85%	6.65%
Axis Dynamic Term Fund Direct Growth Plan	7.01%	7.52%	6.31%
360 ONE Dynamic Term Fund Direct Growth Plan	6.79%	8.16%	6.9%
Aditya Birla SL Dynamic Term Fund Direct Growth Plan	6.31%	7.72%	7.28%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On 1-year performance, this fund trails the stronger peer figures in the table, where the peer range is meaningfully higher. That makes the recent return profile look softer than several comparable funds, even though the fund still posted a positive outcome over the same period.

The medium-term picture is closer, because its 3-year return sits within a narrower band versus peers. The 5-year figure is also usable, but it remains below the stronger peer names listed here, so the longer-term comparison is more balanced than the recent one.

In our view, the peer set tells two different stories: the short-term comparison is weaker for this fund, while the medium-term comparison is more defensible. That split matters for investors who care more about consistency than the strongest recent burst of returns.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	27.06%
7.24% Government of India (18/08/2055)	Government Securities	9.24%
7.35% Export Import Bank of India (27/07/2028) **	Corporate Debt	8.67%
6.79% Government of India (07/10/2034)	Government Securities	8.64%
6.92% Power Finance Corporation Limited (16/02/2028) **	Corporate Debt	8.58%
6.87% REC Limited (31/05/2030) **	Corporate Debt	7.66%
7.53% National Bank for Agriculture and Rural Development (24/03/2028) **	Corporate Debt	4.32%
6.4% LIC Housing Finance Limited (30/11/2026)	Corporate Debt	4.3%
ICICI Bank Limited (27/01/2027) ** #	Certificate of Deposit	4.18%
Small Industries Dev Bank of India (18/02/2027) #	Certificate of Deposit	4.15%

The top 10 holdings account for approximately 86.8% of the portfolio.

To see all holdings, visit the Baroda BNP Paribas Dynamic Term Fund Direct Growth Plan page

The largest holding is Clearing Corporation of India Ltd at 27.06%, so it is likely to have greater influence on day-to-day portfolio behaviour than any other single line item. That is a meaningful weight, especially for a debt fund.

The drop from the largest holding to the tenth is steep enough to show a clear concentration at the top of the portfolio. After the first few positions, the weights step down into the mid-single digits, which suggests that the fund does not rely on one dominant bucket alone, but the first few names still matter most.

Because the top 10 holdings together account for 86.8% of the portfolio out of 16 disclosed holdings, the scheme looks fairly concentrated in its visible positions. That concentration could help returns stay anchored to the manager’s higher-conviction choices, but it may also mean changes in those positions could have a noticeable effect.

Source data date: as of 03 Sep 2026

Who should invest

This fund may suit investors with a conservative to moderate risk tolerance who want debt exposure with a Medium Risk label rather than a pure low-volatility profile. The 1-year number is softer than several peers, but the 3-year record is steadier and the 5-year return remains close to the benchmark’s long-run pace.

A longer investment horizon makes more sense than a very short one, because the return pattern has not been linear and the portfolio is concentrated in a few large positions. The main trade-off is between this relatively measured behaviour and the chance that some peer funds may post stronger returns in specific periods.

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: No exit load.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of Baroda BNP Paribas Dynamic Term Fund Direct Growth Plan?

The current NAV is ₹52.4774 as of 03 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The fund’s 1-year return is 3.81%, its 3-year return is 6.36%, and its 5-year return is 6.05%.

How has the fund done versus the benchmark?

It has done better than the benchmark over 1 month, 3 months, 1 year and 3 years, while the benchmark is slightly ahead over 5 years.

How does it compare with the peer funds listed here?

Its 1-year return is below the peer funds shown here, while its 3-year and 5-year numbers are closer to the group and remain competitive enough for a steadier comparison.

Is there a minimum SIP amount?

The fund allows SIP investments, but no minimum SIP amount is stated here.

Who manages the fund and what is the exit load?

The fund is managed by Gurvinder Singh Wasan and Prashant Pimple. The exit load is nil, so there is no exit load on sale.

Bottom line

This fund looks steadier over medium horizons than its latest 1-year number suggests. It has held up better than the benchmark in shorter windows, but its longer-term edge is modest and the peer set shows that others have delivered stronger recent returns. The portfolio is also concentrated, with the top positions carrying most of the disclosed weight. That combination makes it more suitable for investors who want a measured debt allocation and can accept a less punchy return profile.

Published on 4 September 2026 at 1:37 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.