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

Baroda BNP Paribas Energy Opportunities Fund Direct Growth Plan has a NAV of ₹11.5107 as of 15 September 2026 and a scheme AUM of ₹627 Cr. Its 1-year, 3-year and 5-year returns are 0.68%, 0% and 0%, and the scheme sits in the High Risk bucket. Our view is that the fund suits investors who can accept a volatile path for a sector-focused equity allocation rather than those seeking steady, broad-market compounding.

The recent return pattern has been softer than the benchmark, and the portfolio is built around energy, power and infrastructure-linked names. That mix can make the fund responsive to the cycle, but it also means the experience may differ sharply from diversified equity funds.

Quick facts

Particular	Details
NAV	₹11.5107 as of 15 Sep 2026
AUM	₹627 Cr
Expense Ratio	0.7%
Launch Date	10 Feb 2025
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% if redeemed more than 10% of units on or before 1Y, Nil thereafter
Fund Managers	Kirtan Mehta, Kushant Arora

The fund is managed by Kirtan Mehta and Kushant Arora.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-4.23%	-4.81%
3M	-5.87%	-3.63%
1Y	0.68%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

In the last month, the fund fell less than the benchmark, even though both were negative. Over three months, however, the fund trailed the benchmark, which tells us the recent dip has been a little sharper than the broader market move.

The one-year picture is different. The fund stayed slightly positive while the benchmark was down meaningfully, so the scheme has protected investors better over that window. That said, the fund’s 1-year gain remains modest, so the outperformance is relative rather than strong in absolute terms.

The short history matters here. The scheme was launched on 10 February 2025, so longer-term compounding numbers are not yet available in the way they are for older funds. The pattern we can see suggests a volatile but selective outcome: weaker in the shorter stretch, but better than the benchmark over one year.

For investors, that means the fund’s behaviour looks more cycle-sensitive than market-like. It may work when the underlying energy and power themes are supported, but the path can still be uneven.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Baroda BNP Paribas Energy Opportunities?

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 Energy Opportunities? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
Baroda BNP Paribas Energy Opportunities Fund Direct Growth Plan	0.68%	Data not available	Data not available
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	69.16%	37.12%	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	27.47%	Data not available	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	27.05%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	26.51%	Data not available	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	25.46%	Data not available	Data not available

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

On the 1-year figure, this fund is far behind the stronger peer outcomes shown here, while its own benchmark comparison is better because the benchmark is negative over the same period. That creates a mixed picture: the fund has held up better than Nifty 50 over one year, but it has not matched the much stronger theme-led returns in the peer set.

The longer view is harder to judge because the fund does not yet have a usable 3-year or 5-year record. Among peers with available longer history, the ICICI Pru Strategic Metal and Energy Equity FoF has a materially stronger 3-year return, so the available evidence does not place this fund in the same compounding bracket.

Short-term and longer-term comparisons therefore point in different directions. The recent result is subdued, while the benchmark-relative one-year outcome is better than the market. Investors looking at peer data should read this as a fund that has not yet built a convincing multi-year record.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Reliance Industries Limited	Crude Oil	8.65%
NTPC Limited	Power	6.26%
Oil & Natural Gas Corporation Limited	Crude Oil	6.1%
Bharat Heavy Electricals Limited	Capital Goods	4.82%
Power Grid Corporation of India Limited	Power	4.62%
Larsen & Toubro Limited	Infrastructure	4.35%
Coal India Limited	Mining	4.07%
Cummins India Limited	Automobile & Ancillaries	4.07%
Hitachi Energy India Limited	Capital Goods	4.04%
NHPC Limited	Power	4.04%

The largest holding, Reliance Industries Limited, carries a weight of 8.65%, so it is meaningful but not dominant on its own. The next few positions are also sizeable, with NTPC Limited, Oil & Natural Gas Corporation Limited and Bharat Heavy Electricals Limited all close enough to matter in day-to-day portfolio movement.

The drop from the first holding to the tenth is not steep in a single leap; instead, the weights taper gradually from 8.65% to 4.04%. That pattern suggests the fund is not relying on one outsized position, but it still has a clear tilt toward a handful of larger names that may influence returns more than the smaller positions below them.

With 34 disclosed holdings and the top 10 accounting for approximately 51.02% of the portfolio, the structure looks moderately concentrated. That kind of spread may leave room for diversification across the tail of the portfolio, but the largest names are still likely to have greater influence on outcomes than the smaller positions.

To see all holdings, visit the Baroda BNP Paribas Energy Opportunities Fund Direct Growth Plan page

Source data date: as of 15 Sep 2026

Who should invest

This fund fits investors who can tolerate a High Risk equity theme and who understand that sector-led portfolios can move differently from the broader market. The one-year result is better than the benchmark, but the shorter three-month trend is weaker, so patience matters.

It is more suitable for a longer holding period than for someone who wants smooth near-term outcomes. The main trade-off is that the portfolio is built around energy, power and related businesses, which can offer upside when the theme is supported but can also lead to sharper swings.

For investors, the key question is whether they are comfortable with that uneven path in exchange for focused exposure rather than broad diversification.

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: 1% if redeemed more than 10% of units on or before 1 year; nil thereafter.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Baroda BNP Paribas Energy Opportunities Fund Direct Growth Plan?
The current NAV is ₹11.5107 as of 15 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 0.68%, while the 3-year and 5-year returns are both shown as 0 in the available history, which means there is no usable longer-term return record yet.

How does it compare with the benchmark?
Over 1 year, the fund is ahead of Nifty 50, which shows -8.27%. Over 3 months, the fund is behind the benchmark, so the near-term picture has been weaker.

How does it compare with the peer funds shown here?
Its 1-year return is much lower than the peer figures shown for several theme-led funds, especially ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan at 69.16%. The shorter and longer records tell different stories because this fund does not yet have usable 3-year or 5-year returns.

Does this fund have a minimum SIP amount?
No minimum SIP amount is stated in the available information. Investors can still note that SIP mode is allowed for this scheme.

Who manages the fund and what is the exit load?
The fund is managed by Kirtan Mehta and Kushant Arora. The exit load is 1% if more than 10% of units are redeemed on or before 1 year, and nil thereafter.

Bottom line

Baroda BNP Paribas Energy Opportunities Fund Direct Growth Plan has a mixed profile: the one-year result is slightly positive and better than the benchmark, but the most recent shorter stretch has been weaker. Against peer funds, the available 1-year comparison looks modest, and there is no usable long-term track record yet. The fund carries High Risk and is built around energy, power and related holdings, so it may suit investors who are comfortable with theme-driven volatility and want focused exposure rather than a smooth, diversified path.

Published on 16 September 2026 at 10:30 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.