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

Baroda BNP Paribas Overnight Fund Direct Growth Plan is an overnight-oriented liquid scheme with a current NAV of ₹1,448.1838 as of 15 Sep 2026 and an AUM of ₹852 Cr. Its 1-year, 3-year and 5-year returns are 5.3%, 6.08% and 5.72%, and the scheme sits in the Low Risk category.

Our view is that this is a steady, cash-like option for conservative investors who want stability first and return consistency second. The portfolio is dominated by overnight cash equivalents and very short Treasury Bill exposure, so the fund’s return pattern is shaped more by preservation and liquidity than by market-linked upside.

Quick facts

Particular	Details
NAV	₹1,448.1838 as of 15 Sep 2026
AUM	₹852 Cr
Expense Ratio	0.05%
Launch Date	25 Apr 2019
Min SIP	₹500
Risk Category	Low Risk
Benchmark	Nifty 50
Fund Category	Liquid
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	0.4%	-4.81%
3M	1.27%	-3.63%
1Y	5.3%	-8.27%
3Y	6.08%	5.59%
5Y	5.72%	5.58%

The shorter periods have been calm and slightly positive for the fund, while the benchmark has been weak over the same windows. That gap matters because this scheme is meant to be conservative, and the numbers show that it has protected capital better than the benchmark in the recent period. We also see that the 1-month and 3-month returns are modest rather than flashy, which is consistent with an overnight structure.

The longer run is steadier than the benchmark as well. The 3-year return at 6.08% is above the benchmark’s 5.59%, and the 5-year return at 5.72% is also ahead of 5.58%. That tells us the fund has not just held up in a weak recent market backdrop; it has also maintained a narrow but positive edge over time.

The pattern from the performance trail looks more like gradual accrual than dramatic swings. The fund does not behave like an equity proxy, so the right way to read the numbers is through consistency and low drawdown risk, not through sharp outperformance. In that context, recent behaviour is aligned with the 3-year and 5-year trend rather than conflicting with it.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Baroda BNP Paribas Overnight?

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

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

Fund	1Y return	3Y return	5Y return
Baroda BNP Paribas Overnight Fund Direct Growth Plan	5.3%	6.08%	5.72%
Bank of India Overnight Fund Direct Growth Plan	5.51%	6.21%	5.83%
360 ONE Overnight Fund Direct Growth Plan	5.32%	Data not available	Data not available
Baroda BNP Paribas Overnight Fund Direct Growth Plan	5.3%	6.08%	5.72%
Nippon India Overnight Fund Direct Growth Plan	5.29%	6.09%	5.73%
DSP Overnight Fund Direct Growth Plan	5.28%	6.08%	5.72%

On the latest 1-year return, the fund sits close to the pack, with only small gaps versus the peers listed here. Bank of India Overnight Fund Direct Growth Plan is slightly ahead on 1-year return, while Nippon India Overnight Fund Direct Growth Plan and DSP Overnight Fund Direct Growth Plan are very close to this scheme. That makes the recent contest a narrow one rather than a clear separation.

Over 3 years and 5 years, the picture stays tight. Bank of India Overnight Fund Direct Growth Plan is ahead on both windows, while Nippon India Overnight Fund Direct Growth Plan is marginally ahead on 3-year and 5-year returns. Baroda BNP Paribas Overnight Fund Direct Growth Plan remains in line with DSP Overnight Fund Direct Growth Plan, which suggests a similar longer-term compounding profile among these overnight schemes.

The short-term comparison and the longer-term comparison tell a similar story: the fund is competitive, but the available data shows only modest differences across peers. 360 ONE Overnight Fund Direct Growth Plan has only a 1-year figure here, so the longer-term comparison is incomplete for that scheme.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	97.67%
182 Days Tbill (MD 10/09/2026)	Treasury Bills	1.17%
182 Days Tbill (MD 18/09/2026)	Treasury Bills	1.17%

The largest holding, Clearing Corporation of India Ltd, accounts for 97.67% of the portfolio, so it is likely to have the greatest influence on day-to-day stability. The two Treasury Bill positions are much smaller at 1.17% each, which means the gap from the largest holding to the rest of the disclosed portfolio is very wide.

With only three disclosed holdings and a combined weight of 100%, the portfolio looks highly concentrated in cash-like and short-duration instruments. That concentration may support liquidity and reduce variability, but it also means there is little diversification within the disclosed holdings themselves. In practical terms, the fund’s behaviour is more likely to be driven by short-term money market conditions than by broad market moves.

The full disclosed portfolio is already visible in the table, so there is no longer tail to infer here. For a conservative investor, that makes the structure easy to read: most of the scheme sits in one dominant cash-equivalent exposure, and the remainder is split between two very small Treasury Bill positions.

Source data date: as of 15 Sep 2026

Who should invest

This fund suits investors with a low risk tolerance who want very short holding-period exposure rather than market-linked growth. The return pattern is steady, the benchmark comparison is supportive, and the portfolio is built around cash-equivalent and Treasury Bill positions, so the scheme fits better as a parking place for money than as a return-chasing option.

The trade-off is clear: investors accept modest return levels in exchange for liquidity, low volatility and a low-risk profile. A short horizon can work here, but the scheme is also reasonable for longer holding periods when the goal is capital preservation and quick access, not aggressive upside. The very concentrated portfolio makes that conservative character easier to understand.

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 Overnight Fund Direct Growth Plan?
The current NAV is ₹1,448.1838 as of 15 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 5.3% over 1 year, 6.08% over 3 years and 5.72% over 5 years.

How has it compared with the benchmark?
It has stayed ahead of the benchmark over 1-year, 3-year and 5-year periods. The gap is especially visible over 1 year, where the benchmark return is -8.27%.

How does it compare with peer overnight funds?
Its recent return is close to the peer set shown here, while Bank of India Overnight Fund Direct Growth Plan is a little stronger across the available windows. Nippon India Overnight Fund Direct Growth Plan and DSP Overnight Fund Direct Growth Plan are very close to this fund on longer-term returns.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

Who manages the fund and what is the exit load?
The fund is managed by Vikram Pamnani and Gurvinder Singh Wasan. The exit load is no exit load.

Bottom line

Baroda BNP Paribas Overnight Fund Direct Growth Plan shows a steady pattern across short and long horizons, with recent returns staying calm and the 3-year and 5-year figures remaining close to its benchmark. The peer comparison is similarly tight, which tells us the scheme is competitive without being meaningfully different from other overnight options on returns alone.

The key portfolio feature is concentration: one cash-equivalent holding dominates the scheme, with two very small Treasury Bill positions around it. That structure suits conservative investors who value liquidity and low volatility more than return surprise, and who are comfortable with the modest upside that comes with an overnight fund.

Published on 16 September 2026 at 12:48 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.