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

Baroda BNP Paribas Mid Cap Fund Direct Growth Plan currently has a NAV of ₹135.8036 as of 03 Sep 2026 and an AUM of ₹2,584 Cr. Its 1-year, 3-year and 5-year returns are 12.88%, 18.04% and 16.02% respectively, and the scheme is tagged as High Risk.

Our view is that this is a mid-cap fund for investors who can stay invested through swings. The five-year track record is steady enough to suggest long-term compounding potential, while the recent one-year pace is more modest and sits close to the benchmark, which makes patience more important than quick outcome chasing.

Quick facts

Particular	Details
NAV	₹135.8036 as of 03 Sep 2026
AUM	₹2,584 Cr
Expense Ratio	0.56%
Launch Date	02 Jan 2013
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty Mid Cap
Fund Category	Equity
Exit Load	Nil upto 10% of Units within 12M, 1% exceding 10% of Units within 12M, Nil after 12M
Fund Managers	Rohan Korde, Ankeet Pandya

The fund is managed by Rohan Korde and Ankeet Pandya.

Source data date: as of 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.42%	-0.55%
3M	5.05%	4.05%
1Y	12.88%	8.01%
3Y	18.04%	15.11%
5Y	16.02%	15.37%

The near-term pattern is mixed but not weak. The fund was slightly negative over one month, yet the benchmark was also negative, and the fund held up a little better on that stretch. Over three months, the fund moved ahead of the benchmark by a meaningful margin, which suggests a better short-term recovery than the index in the latest cycle.

The more important point is that the fund’s one-year return is comfortably above the benchmark, and that advantage continues into the three-year period. That tells us the fund has not relied only on one strong quarter; it has kept a positive edge over a longer stretch. The five-year return is also ahead, although the gap is smaller there, so the longer record looks solid rather than spectacular.

When we read the recent path alongside the longer record, our view is that the fund has shown enough resilience to matter, but it still carries the usual mid-cap swings. The latest short-term moves do not change the broader picture: the fund has been able to add value versus the benchmark across multiple periods, even if the margin varies over time.

Source data date: as of 03 Sep 2026

Should you BUY or HOLD Baroda BNP Paribas Mid Cap?

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 Mid Cap? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Baroda BNP Paribas Mid Cap Fund Direct Growth Plan	12.88%	18.04%	16.02%
HSBC Midcap Fund Direct Growth Plan	23.68%	25.65%	19.66%
WOC Mid Cap Fund Direct Growth Plan	16.89%	23.18%	Data not available
ITI Mid Cap Fund Direct Growth Plan	15.64%	21.51%	17.17%
Helios Mid Cap Fund Direct Growth Plan	14.8%	Data not available	Data not available
Mahindra Manulife Mid Cap Fund Direct Growth Plan	14.68%	19.61%	19.1%

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

The fund trails the strongest one-year peer return in this list, and it also sits below several peers on the three-year measure. That said, the gap is not uniform across every period, because its five-year return is still competitive with the peer set that has a full long-term record. The short-term comparison therefore looks weaker than the longer-term one.

For us, the key takeaway is that the fund’s longer record is respectable even if the recent peer field has shown faster momentum. The peer picture does not point to a fund that has consistently led the group over the latest year, but it does show one that has remained relevant across the medium and longer horizons.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Bharat Heavy Electricals Limited	Capital Goods	3.15%
The Federal Bank Limited	Bank	2.78%
Ge Vernova T&D India Limited	Capital Goods	2.76%
Indian Bank	Bank	2.27%
PB Fintech Limited	IT	2.16%
Ipca Laboratories Limited	Healthcare	2.11%
Acutaas Chemicals Limited	Healthcare	1.97%
Ujjivan Small Finance Bank Limited	Bank	1.96%
Hitachi Energy India Limited	Capital Goods	1.87%
BSE Limited	Finance	1.83%

The largest disclosed holding, Bharat Heavy Electricals Limited, is 3.15% of the portfolio, so no single position dominates the visible book. The tenth holding is 1.83%, which shows the top slice narrows gradually rather than falling off sharply.

The first ten holdings together account for about 22.86% of the portfolio, and the fund discloses 73 holdings in total. That combination suggests a reasonably long tail beneath the top names, so individual positions may matter, but the portfolio is not built around only a few outsized bets.

There is still a clear tilt toward capital goods and banking among the largest disclosed positions, with healthcare and finance also appearing in the top ten. That mix may help the fund participate in several mid-cap themes, while still leaving room for stock-specific moves to influence outcomes.

To see all holdings, visit the Baroda BNP Paribas Mid Cap Fund Direct Growth Plan page

Source data date: as of 03 Sep 2026

Who should invest

This fund suits investors who can accept a High Risk profile and hold for at least a mid- to long-term horizon. Its return pattern shows that the fund can move through short-term softness and still stay ahead of the benchmark over 3-year and 5-year periods, which is important in a mid-cap portfolio.

The main trade-off is clear: you are accepting volatility in exchange for the chance of stronger medium-term compounding than the benchmark. The portfolio also leans on specific mid-cap themes such as capital goods and banking among the largest holdings, so outcomes may depend more on stock selection than on broad stability.

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 applies as nil up to 10% of units sold within 12 months, and 1% on the portion exceeding 10% of units sold within 12 months. After 12 months, the exit load is nil.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of Baroda BNP Paribas Mid Cap Fund Direct Growth Plan?

The current NAV is ₹135.8036 as of 03 Sep 2026.

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

The fund’s returns are 12.88% over 1 year, 18.04% over 3 years and 16.02% over 5 years.

How does the fund compare with its benchmark?

It is ahead of the Nifty Mid Cap benchmark across 1-year, 3-year and 5-year periods. The edge is widest over 1 year and narrower over 5 years.

What minimum SIP amount is needed?

The minimum SIP amount is ₹500.

Who manages the fund?

The fund is managed by Rohan Korde and Ankeet Pandya.

What is the exit load and tax treatment?

Exit load is nil up to 10% of units sold within 12 months, 1% on the portion exceeding 10% of units sold within 12 months, and nil after 12 months. Units held for less than 1 year attract 20% short-term capital gains tax, while units held for more than 1 year attract 12.5% long-term capital gains tax.

Bottom line

The fund’s shorter-term path has been uneven, but the 3-year and 5-year records remain ahead of the benchmark, which keeps the long-term case intact. In the peer set, the latest one-year pace is weaker than several rivals, yet the longer record is still competitive. With a High Risk tag and a portfolio spread across 73 holdings, this looks more suitable for investors who can tolerate swings and stay focused on medium- to long-term compounding rather than short bursts of outperformance.

Published on 4 September 2026 at 1:40 PM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.