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

Baroda BNP Paribas Money Market Fund Direct Growth Plan has a NAV of ₹1513.223 as of 15 Sep 2026 and an AUM of ₹3,626 Cr. Its 1-year, 3-year and 5-year returns are 6.58%, 7.26% and 6.45%, respectively, and the scheme sits in the Balanced Risk category.

Our view is that this is a steadier debt allocation option rather than a short-term return chase. The fund has stayed ahead of its benchmark across the displayed periods, and the portfolio is spread across money-market instruments, government securities and bank paper rather than a single theme.

Quick facts

Particular	Details
NAV	₹1,513.223 as of 15 Sep 2026
AUM	₹3,626 Cr
Expense Ratio	0.16%
Launch Date	19 Jun 2019
Min SIP	₹500
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	No exit load
Fund Managers	Vikram Pamnani, Gurvinder Singh Wasan

The fund is managed by Vikram Pamnani and Gurvinder Singh Wasan.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.52%	-4.81%
3M	1.88%	-3.63%
1Y	6.58%	-8.27%
3Y	7.26%	5.59%
5Y	6.45%	5.58%

The short-term pattern has been stable rather than erratic. Over 1 month and 3 months, the fund posted positive returns while the benchmark stayed negative, which points to a smoother path in the recent period.

That recent edge is not just a one-off. The 1-year return is also well above the benchmark, which reinforces the fund’s ability to preserve positive compounding when the comparison index weakens.

At the longer end, the fund remains ahead of the benchmark on both 3-year and 5-year numbers. The 3-year gap is wider than the 5-year gap, which suggests the fund has maintained an advantage over time even if the margin has varied.

The overall picture is of a debt fund with consistent compounding rather than sharp jumps. The return profile does not point to high volatility in the visible periods, and the longer-term trend is more important here than any single month.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Baroda BNP Paribas Money Market?

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 Money Market Fund Direct Growth Plan	6.58%	7.26%	6.45%
Union Money Market Fund Direct Growth Plan	6.82%	7.22%	6.48%
Bank of India Money Market Fund Direct Growth Plan	6.75%	Data not available	Data not available
Tata Money Market Fund Direct Growth Plan	6.73%	7.55%	6.84%
Bandhan Money Market Fund Direct Growth Plan	6.69%	7.42%	6.67%
LIC MF Money Market Fund Direct Growth Plan	6.69%	6.81%	Data not available

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

On 1-year return, the fund is a little behind the strongest peers in this set, with Union Money Market Fund Direct Growth Plan and Tata Money Market Fund Direct Growth Plan showing slightly better numbers. The gap is small, so the fund remains close to the better recent performers.

On 3-year and 5-year return figures, it holds up well against peers with available data. Tata Money Market Fund Direct Growth Plan is ahead on both horizons, while the current fund stays comfortably above Union Money Market Fund Direct Growth Plan on 3 years and ahead of several others on the same period. The short-term and long-term comparisons therefore tell a mixed but constructive story: recent returns are competitive, and the longer-run profile is still solid.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
7.86% State Government Securities (15/03/2027)	Government Securities	5.57%
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	3.68%
Punjab National Bank (15/12/2026) #	Certificate of Deposit	3.38%
Punjab National Bank (05/02/2027) #	Certificate of Deposit	3.35%
Bajaj Housing Finance Limited (12/03/2027) **	Commercial Paper	3.33%
Kotak Mahindra Bank Limited (21/12/2026) #	Certificate of Deposit	3.25%
LIC Housing Finance Limited (11/03/2027) **	Commercial Paper	2.93%
364 Days Tbill (MD 12/11/2026)	Treasury Bills	2.73%
Canara Bank (18/12/2026) ** #	Certificate of Deposit	2.71%
Standard Chartered Capital Limited (14/12/2026) **	Commercial Paper	2.7%

The largest disclosed holding is 7.86% State Government Securities (15/03/2027) at 5.57%, which is large enough to matter but not dominant on its own. The next nine holdings step down gradually into the 2.7% to 3.7% band, so the top sleeve is spread across several instruments rather than concentrated in one line.

The top 10 holdings account for approximately 33.63% of the portfolio, which leaves a long tail across the remaining 45 disclosed holdings. That pattern may help reduce the influence of any single position, while still letting the largest money-market and short-dated credit exposures contribute meaningfully to return stability.

Because the holdings span government securities, treasury bills, certificates of deposit, commercial paper and cash, the fund may have a balance between liquidity and yield. The visible portfolio does not look narrowly concentrated, but the largest positions could still shape the short-term return path more than the smaller names.

To see all holdings, visit the Baroda BNP Paribas Money Market Fund Direct Growth Plan page

Source data date: as of 15 Sep 2026

Who should invest

This fund may suit investors who are comfortable with debt-fund style risk and want a relatively steady return profile rather than equity-like upside. The Balanced Risk label, the positive 1-year, 3-year and 5-year returns, and the consistent edge over the benchmark all point to a fund that has aimed for stable compounding.

Our view is that a medium- to longer-term horizon is more appropriate than a very short holding period, even though the portfolio is built around short-dated instruments. Investors who can accept that returns may still move around at the margin, and who value liquidity-oriented debt exposure with a diversified mix of securities, are likely to find the trade-off clearer than those seeking fast 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: No exit load.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Baroda BNP Paribas Money Market Fund Direct Growth Plan?
The current NAV is ₹1513.223 as of 15 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 6.58%, the 3-year return is 7.26% and the 5-year return is 6.45%.

How has it performed versus the benchmark?
It has stayed ahead of the benchmark across 1 month, 3 months, 1 year, 3 years and 5 years. The 1-year benchmark return is -8.27%, while the fund is positive at 6.58%.

How does it compare with peer money market funds?
Its 1-year return is slightly below the best peers in the set, but its 3-year and 5-year numbers remain competitive. The longer-term record is more mixed on relative terms, but still firm.

Is there a minimum SIP amount?
Yes, the minimum SIP amount is ₹500.

Who manages the fund and does it have an exit load?
The fund is managed by Vikram Pamnani and Gurvinder Singh Wasan. It has no exit load.

Bottom line

Baroda BNP Paribas Money Market Fund Direct Growth Plan shows a steadier long-term profile than a short-term chase for outsized returns. Its recent numbers are positive and it has stayed ahead of the benchmark across the displayed periods, while peer comparisons suggest the fund is competitive even if not always the strongest on the latest 1-year figure. The portfolio is spread across government paper, CDs, CP and cash, which may support a balanced, liquidity-aware debt allocation.

Published on 16 September 2026 at 11:48 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.