Baroda BNP Paribas Arbitrage Fund
The fund maintains its core arbitrage positioning with substantial cash holdings and liquid fund allocations cushioning equity exposure, though the strategy appears defensive given net receivables dominate the portfolio. Banking sector concentration at over 21 percent signals selective conviction in financial stocks, particularly smaller lenders like Bandhan and RBL, while aggressive portfolio churn—32 exits against 12 new entries—suggests the manager is actively rotating away from capital-intensive sectors toward higher-quality financials and select growth names like Info Edge and Persistent Systems.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹17.8948 | — | — | — | — |
| Regular Growth | ₹16.8243 | +0.27% | +5.60% | +6.70% | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Adani Enterprises Limited | 0.25% |
| Sun Pharmaceutical Industries Limited | 0.16% |
| Info Edge (India) Limited | 0.12% |
| Muthoot Finance Limited | 0.07% |
| Persistent Systems Limited | 0.05% |
| Hero MotoCorp Limited | 0.03% |
| Polycab India Limited | 0.02% |
| SRF Limited | 0.01% |
| SBI Life Insurance Company Limited | 0.01% |
| Samvardhana Motherson International Limited | 0.01% |
| Eicher Motors Limited | 0.01% |
| Baroda BNP Paribas Liquid Fund - Direct Growth | 12.79% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Net Receivables / (Payables) nan | 68.57% |
| 2 | Baroda BNP Paribas Liquid Fund - Direct Growth INF955L01AL0 | 12.79% |
| 3 | Baroda BNP Paribas Money Market Fund- Dr Gr INF955L01ID0 | 11.99% |
| 4 | HDFC Bank Limited INE040A01034 | 5.78% |
| 5 | Clearing Corporation of India Ltd nan | 4.85% |
| 6 | Multi Commodity Exchange of India Limited INE745G01043 | 3.57% |
| 7 | Bandhan Bank Limited INE545U01014 | 3.24% |
| 8 | RBL Bank Limited INE976G01028 | 3.21% |
| 9 | Adani Energy Solutions Limited INE931S01010 | 3.15% |
| 10 | Steel Authority of India Limited INE114A01011 | 3.02% |
| 11 | NMDC Limited INE584A01023 | 2.89% |
| 12 | Vodafone Idea Limited INE669E01016 | 2.84% |
| 13 | PNB Housing Finance Limited INE572E01012 | 2.47% |
| 14 | Glenmark Pharmaceuticals Limited INE935A01035 | 2.38% |
| 15 | Baroda BNP Paribas Ultra Short Dur Fund Dr Gr INF955L01HA8 | 2.14% |
| 16 | ICICI Bank Limited INE090A01021 | 1.97% |
| 17 | Adani Green Energy Limited INE364U01010 | 1.82% |
| 18 | The Federal Bank Limited INE171A01029 | 1.81% |
| 19 | State Bank of India INE062A01020 | 1.71% |
| 20 | Lodha Developers Limited INE670K01029 | 1.67% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Baroda BNP Paribas Arbitrage Fund hold?
Baroda BNP Paribas Arbitrage Fund holds 94 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 38.98% of NAV.
What is the largest holding in Baroda BNP Paribas Arbitrage Fund?
The largest position in Baroda BNP Paribas Arbitrage Fund is Net Receivables / (Payables), accounting for 68.57% of NAV in the nan sector.
Is Baroda BNP Paribas Arbitrage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.707, Baroda BNP Paribas Arbitrage Fund is highly concentrated. The HHI concentration index is 48,737 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 38.98% of the portfolio.
What is the market cap allocation of Baroda BNP Paribas Arbitrage Fund?
Based on SEBI's AMFI classification, Baroda BNP Paribas Arbitrage Fund's equity portfolio is split as: Large Cap: 27.88%, Mid Cap: 21.92%, Small Cap: 13.76%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Baroda BNP Paribas Arbitrage Fund invest in most?
Baroda BNP Paribas Arbitrage Fund has the highest allocation to nan (68.57%), Banks (21.27%), Finance (6.66%). The fund is invested across 33 sectors in total.
How actively managed is Baroda BNP Paribas Arbitrage Fund compared to other Arbitrage Fund funds?
Baroda BNP Paribas Arbitrage Fund has an Active Share of 70.78%, classifying it as "Highly Differentiated" among 34 Arbitrage Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Baroda BNP Paribas Arbitrage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Baroda BNP Paribas Arbitrage Fund added 12 new stocks (including Adani Enterprises Limited) and exited 32 stocks (including Tata Motors Passenger Vehicles Limited). Total holding count decreased from 117 to 97 stocks.