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

Baroda BNP Paribas Short Term Fund Direct Growth Plan is priced at ₹34.004 as of 10 Sep 2026, and the scheme AUM stands at ₹430 Cr. Its 1-year, 3-year and 5-year returns are 5.79%, 7.55% and 6.54% respectively, and the risk category is Medium Risk.

Our view is that this is a steady debt fund rather than a short-term return chaser. The return pattern has been reasonably consistent over longer periods, while the portfolio mix and benchmark behaviour suggest a conservative leaning with some credit exposure that can keep outcomes from being perfectly smooth.

Quick facts

Particular	Details
NAV	₹34.004 as of 10 Sep 2026
AUM	₹430 Cr
Expense Ratio	0.44%
Launch Date	01 Jan 2013
Min SIP	₹500
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	No exit load
Fund Managers	Gurvinder Singh Wasan, Vikram Pamnani

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

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.38%	-4.06%
3M	1.85%	1.37%
1Y	5.79%	-7.31%
3Y	7.55%	6.07%
5Y	6.54%	5.91%

The most recent numbers point to a fund that has held up better than the benchmark over the short term. The 1-month return is positive while the benchmark is negative, and the 1-year return also stays well ahead of the index. That tells us the fund has been more resilient than the benchmark in the latest stretch.

At the same time, the 3-month result is only modestly above the benchmark, so recent outperformance is not explosive. That is consistent with a debt fund that tends to aim for stability first and sharper swings second. The pattern also fits the portfolio structure, where liquid and cash-like exposure sits alongside corporate debt.

Over longer periods, the fund’s 3-year and 5-year returns remain above the benchmark, which suggests the edge has been sustained rather than confined to a single favourable window. The 5-year return is slightly above the 3-year pace, which indicates that compounding has remained orderly even if the path has had some uneven stretches.

Overall, the comparison with the benchmark is constructive. The fund has not just outpaced the benchmark in one period; it has done so across the recent, medium and longer horizons, although the margin is more modest in the longer periods than in the last year.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD Baroda BNP Paribas Short Term?

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 Short Term Fund Direct Growth Plan	5.79%	7.55%	6.54%
Tata Ultra Short Term Fund Direct Growth Plan	7.13%	7.55%	6.77%
Aditya Birla SL Ultra Short Term Fund Direct Growth Plan	6.79%	7.52%	6.75%
ICICI Pru Short Term Fund Direct Growth Plan	6.57%	7.91%	7.18%
Mahindra Manulife Short Term Fund Direct Growth Plan	6.22%	7.84%	6.65%
Axis Short Term Fund Direct Growth Plan	6.18%	7.84%	6.81%

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

Against the peer set, the fund’s 1-year return trails the stronger recent numbers from Tata Ultra Short Term Fund Direct Growth Plan and Aditya Birla SL Ultra Short Term Fund Direct Growth Plan, but it remains close to the broader group. That suggests the fund has been decent recently, though not the fastest mover in the peer list.

The longer-term picture is mixed but still respectable. The 3-year return is lower than ICICI Pru Short Term Fund Direct Growth Plan and Mahindra Manulife Short Term Fund Direct Growth Plan, yet it is ahead of the two peers that sit at 7.84% over the same period. On 5-year returns, it sits below ICICI Pru Short Term Fund Direct Growth Plan and slightly below Tata Ultra Short Term Fund Direct Growth Plan, while remaining close to the rest of the group.

Short-term and longer-term comparisons tell a similar story: this fund is competitive, but not the standout performer in this peer set. The gap is not wide enough to change the broad picture, yet it does show that the fund has been more about consistency than market-leading upside.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	11%
7.59% National Housing Bank (08/09/2027) **	Corporate Debt	3.49%
8.5% Nirma Limited (07/04/2027) **	Corporate Debt	3.49%
8.35% Tata Projects Limited (22/07/2027) **	Corporate Debt	3.48%
8% Adani Power Limited (27/01/2028) **	Corporate Debt	3.46%
7.70% Nuvoco Vistas Corporation Limited (18/09/2028) **	Corporate Debt	3.44%
7.46% REC Limited (30/06/2028) **	Corporate Debt	3.25%
7.64% Hindustan Petroleum Corporation Limited (04/11/2027) **	Corporate Debt	2.8%
Net Receivables / (Payables)	Cash & Cash Equivalents and Net Assets	2.62%
8.7% Shriram Finance Limited (09/04/2028) **	Corporate Debt	2.34%

The top 10 holdings account for approximately 39.37% of the portfolio.

To see all holdings, visit the Baroda BNP Paribas Short Term Fund Direct Growth Plan page

The largest holding is Clearing Corporation of India Ltd at 11%, which is materially higher than any single debt security in the list. After that, the weights fall into a fairly tight band around the mid-3% area and then step down toward the low-2% range by the tenth holding. That pattern may indicate that the portfolio does not depend on one dominant corporate issuer, even though the first cash-like exposure is clearly the biggest individual position shown.

The spread from the largest holding to the tenth is noticeable, but not extreme. The top 10 holdings together make up 39.37% of the portfolio, so the disclosed positions are meaningful but still leave room for a longer tail across the full 47 holdings. That structure may reduce reliance on any one security, while still allowing the fund to express a clear view through selected debt instruments.

Because the visible holdings stop at 10 and the fund discloses 47 holdings in total, the portfolio looks more diversified than the top slice alone suggests. At the same time, the top cash and corporate debt positions could still have greater influence on near-term behaviour than the smaller residual holdings.

Source data date: as of 10 Sep 2026

Who should invest

This fund is better suited to investors who can accept medium risk in exchange for a steadier debt-fund profile. The return pattern is fairly consistent across 1-year, 3-year and 5-year periods, and it has stayed ahead of the benchmark over all three horizons, which makes it more suitable for people looking beyond very short holding periods.

The main trade-off is that the fund is not the most aggressive return generator in its peer set, even though it has stayed competitive. Investors who want a debt allocation with moderate stability, some credit exposure and a longer holding horizon may find the profile more aligned than those looking for maximum short-term upside.

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 10 Sep 2026

Frequently asked questions

What is the current NAV of Baroda BNP Paribas Short Term Fund Direct Growth Plan?

The current NAV is ₹34.004 as of 10 Sep 2026.

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

The 1-year, 3-year and 5-year returns are 5.79%, 7.55% and 6.54% respectively.

How does the fund compare with its benchmark?

It has stayed ahead of the benchmark across 1-month, 3-month, 1-year, 3-year and 5-year periods. The gap is especially clear over 1 year, while the longer periods show steadier outperformance.

How does it compare with peer funds on recent returns?

Its recent return is competitive but not the strongest in the peer set. Several peers have delivered higher 1-year numbers, while the fund remains broadly in the middle of the group on 3-year and 5-year performance.

What is the exit load?

There is no exit load on this fund.

Who manages the fund?

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

Bottom line

Baroda BNP Paribas Short Term Fund Direct Growth Plan has shown a better-than-benchmark pattern across short, medium and long horizons, with the strongest relative edge visible in the most recent 1-year period. Compared with peers, it is competitive but not the fastest performer, which points to a more balanced than aggressive return profile. The portfolio is led by a meaningful cash-like holding and a spread of corporate debt positions, so the fund looks built for investors who want a moderate-risk debt allocation and can stay invested long enough to let the steadier compounding play out.

Published on 11 September 2026 at 10:03 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.