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

Baroda BNP Paribas Equity Savings Fund Direct Growth Plan has a NAV of ₹18.5676 as of 15 Sep 2026 and an AUM of ₹288 Cr. Its 1-year, 3-year and 5-year returns are 4.14%, 8.93% and 8.11%, respectively, and the scheme sits in the Medium Risk category.

Our view is that this is a steadier hybrid-style option rather than a high-octane return seeker. The longer track record is better than the short-term figure, while the portfolio includes a meaningful cash and receivables buffer alongside government securities and select equity holdings.

Quick facts

Particular	Details
NAV	₹18.5676 as of 15 Sep 2026
AUM	₹288 Cr
Expense Ratio	1.37%
Launch Date	25 Jul 2019
Min SIP	₹250
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	1% on or before 30D, Nil after 30D
Fund Managers	Jitendra Sriram, Kushant Arora, Neeraj Saxena, Gurvinder Singh Wasan

The fund is managed by Jitendra Sriram, Kushant Arora, Neeraj Saxena and Gurvinder Singh Wasan.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.93%	-4.81%
3M	0.71%	-3.63%
1Y	4.14%	-8.27%
3Y	8.93%	5.59%
5Y	8.11%	5.58%

Short-term performance has been uneven, but the fund has still held up better than the benchmark over the recent 1-month and 3-month windows. The 1-year return is positive at 4.14%, while the benchmark remains negative over the same period, which tells us the structure has helped cushion the recent market backdrop.

The longer record is more constructive. The 3-year return of 8.93% and 5-year return of 8.11% both sit above the benchmark’s comparable figures, which suggests the fund has compounded more steadily than the index over a fuller cycle. That gap matters because it shows the fund has not only survived choppier phases, but has also added value beyond simple market exposure.

The pattern is not one-way, though. The recent softer month is a reminder that the path can move around even when the broader trend is stable. For investors, the main takeaway is that this fund has tended to behave better over medium and longer horizons than in any single short stretch.

In our view, the return pattern is consistent with a lower-volatility hybrid posture rather than an equity-only growth profile. The fund has done enough over 3 and 5 years to look credible, but the latest 1-year figure shows that short-run gains may stay modest.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Baroda BNP Paribas Equity Savings?

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 Equity Savings Fund Direct Growth Plan	4.14%	8.93%	8.11%
Edelweiss Equity Savings Fund Direct Growth Plan	8.26%	11.32%	9.71%
HSBC Equity Savings Fund Direct Growth Plan	6.84%	12.61%	10.76%
WOC Equity Savings Fund Direct Growth Plan	6.63%	Data not available	Data not available
Mahindra Manulife Equity Savings Fund Direct Growth Plan	5.58%	9.02%	8.63%
Axis Equity Savings Fund Direct Growth Plan	5.15%	9.4%	7.84%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The fund’s 1-year return is below the stronger recent figures in this peer set, while its 3-year and 5-year numbers remain respectable but still trail the best available peer outcomes. That creates a split picture: the fund has been steadier than the benchmark, yet several peers have also delivered stronger medium-term and long-term compounding.

For investors comparing return patterns, the fund does not look weak on a benchmark basis, but peers have generally shown more force in the same equity-savings space. The short-term and longer-term comparisons point in the same direction here: the fund has held up, but it has not matched the more assertive return profiles in the group.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Net Receivables / (Payables)	Cash & Cash Equivalents and Net Assets	27.86%
State Bank of India	Bank	3.83%
7.32% Government of India (13/11/2030)	Government Securities	3.56%
Bharti Airtel Limited	Telecom	3.33%
7.18% Government of India (14/08/2033)	Government Securities	3.18%
Reliance Industries Limited	Crude Oil	3.07%
ICICI Bank Limited	Bank	2.99%
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	2.85%
Larsen & Toubro Limited	Infrastructure	2.77%
8.7% Shriram Finance Limited (09/04/2028) **	Corporate Debt	2.45%

The top 10 holdings account for approximately 55.89% of the portfolio.

To see all holdings, visit the Baroda BNP Paribas Equity Savings Fund Direct Growth Plan page

The largest line item is net receivables / payables at 27.86%, which is materially larger than the rest of the visible holdings. After that, the weights fall quickly into a narrow band: the second through tenth positions all sit between 2.45% and 3.83%, so no single stock or bond dominates the rest of the top 10 in the same way.

That shape suggests the fund may rely heavily on the cash and net-asset position, while the listed securities play more of a diversified supporting role. With 59 disclosed holdings in total and the visible top 10 accounting for 55.89%, the portfolio appears spread across a reasonably long tail beyond the largest positions. In our view, that may limit dependence on any one equity holding, even though the receivables line remains the clearest driver within the visible slice.

Source data date: as of 15 Sep 2026

Who should invest

This fund suits investors who are comfortable with medium risk and want a smoother path than an equity-only product, while still accepting that returns can fluctuate over shorter periods. The 3-year and 5-year numbers are stronger than the benchmark, which makes the longer holding period more relevant than chasing recent one-period moves.

The trade-off is straightforward: the fund may provide steadier participation than a pure equity strategy, but the latest 1-year return shows that short-term upside can remain limited. Investors who can stay invested for several years and are looking for a hybrid structure with a meaningful defensive component are likely to find the profile more relevant than those seeking fast capital growth.

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% on or before 30D, Nil after 30D.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Baroda BNP Paribas Equity Savings Fund Direct Growth Plan?
The current NAV is ₹18.5676 as of 15 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 4.14%, the 3-year return is 8.93%, and the 5-year return is 8.11%.

How has it done against the benchmark?
It has outpaced the benchmark over 1 year, 3 years and 5 years. The benchmark figures are -8.27%, 5.59% and 5.58% for those periods.

How does it compare with peer equity savings funds?
Its recent and medium-term returns are solid, but several peer funds have posted stronger 1-year, 3-year and 5-year figures. The fund has still stayed ahead of the benchmark on the available periods.

Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹250.

What are the key risk and portfolio features?
The fund is classified as Medium Risk, and its visible portfolio is led by net receivables / payables at 27.86%. The top 10 holdings together account for approximately 55.89% of the portfolio, and the exit load is 1% on or before 30D, Nil after 30D.

Bottom line

Baroda BNP Paribas Equity Savings Fund Direct Growth Plan looks more consistent over medium and longer periods than over the most recent 1-year stretch. It has stayed ahead of the benchmark across the visible return windows, but several peer funds have posted stronger numbers on the same horizons. The Medium Risk profile and the large receivables weight point to a hybrid structure with a meaningful defensive element. For investors seeking a steadier multi-year holding rather than a quick return burst, the fund’s pattern may be relevant.

Published on 16 September 2026 at 1:19 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.