Funds/Conservative Hybrid Fund/Baroda BNP Paribas Conservative Hybrid Fund

Baroda BNP Paribas Conservative Hybrid Fund

Baroda BNP Paribas Mutual Fund·Conservative Hybrid Fund·vs Peer Median

Baroda BNP Paribas Conservative Hybrid is positioned as a defensive fixed-income portfolio with modest equity exposure, prioritizing AAA-rated securities and financial institutions. The manager has tactically shortened duration by trimming longer-dated government bonds while increasing exposure to higher-yielding NBFC papers and development finance institutions, signaling conviction that near-term rate stability offers better risk-reward than extended duration. This subtle reallocation reflects a preference for credit quality over duration extension in the current environment.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Direct Growth	₹56.1514	—	—	—	—	—	—
Regular Growth	₹45.5057	+0.62%	-0.19%	+0.14%	+2.50%	+7.57%	—

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

104

Top 5 Weight

15.19%

Top 10 Weight

26.43%

Active Share

—

Large Cap

14.17%

Gini

0.407

What Changed2026-03-31 → 2026-04-30

Holdings: 107 → 106+6 added−7 removed16 weight shifts ≥ 0.1%

Stock	Sector	Weight
7.7% Bajaj Housing Finance Limited (21/05/2027) **	CRISIL AAA	2.47%
8.15% PNB Housing Finance Limited (29/07/2027)	CARE AA+	2.22%
8.95% Reliance Industries Limited (09/11/2028)	CRISIL AAA	2.04%
8.60% Manappuram Finance Limited (24/03/2028)	CRISIL AA	1.23%
7.59% REC Limited (31/05/2027) **	CRISIL AAA	0.62%
Small Industries Dev Bank of India (18/02/2027) ** #	CRISIL A1+	0.58%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	7.90% Jamnagar Utilities & Power Private Limited (10/08/2028) ** INE936D07182	CRISIL AAA	DEBT	3.71%
2	Clearing Corporation of India Ltd nan		CASH_EQUIVALENT	3.45%
3	7.68% Small Industries Dev Bank of India (10/08/2027) ** INE556F08KP4	CRISIL AAA	DEBT	3.09%
4	7.7% Bajaj Housing Finance Limited (21/05/2027) ** INE377Y07300	CRISIL AAA	DEBT	2.47%
5	7.58% National Bank For Agriculture and Rural Development (31/07/2026) INE261F08DX0	CRISIL AAA	DEBT	2.47%
6	7.35% Export Import Bank of India (27/07/2028) ** INE514E08GE8	CRISIL AAA	DEBT	2.34%
7	8.7% Shriram Finance Limited (09/04/2028) ** INE721A07SL9	CRISIL AAA	DEBT	2.25%
8	7.59% National Housing Bank (14/07/2027) ** INE557F08FY4	CRISIL AAA	DEBT	2.23%
9	8.15% PNB Housing Finance Limited (29/07/2027) INE572E07183	CARE AA+	DEBT	2.22%
10	6.92% Power Finance Corporation Limited (16/02/2028) ** INE134E08OA7	CRISIL AAA	DEBT	2.20%
11	6.9% Government of India (15/04/2065) IN0020250018	Sovereign	DEBT	2.20%
12	8.95% Reliance Industries Limited (09/11/2028) INE002A08542	CRISIL AAA	DEBT	2.04%
13	8.32% Torrent Power Limited (28/02/2027) ** INE813H07382	CRISIL AA+	DEBT	1.98%
14	6.75% Piramal Finance Limited (26/09/2031) ** INE516Y07444	ICRA AA+	DEBT	1.97%
15	8.50% Nomura Capital India Pvt Limited (21/10/2026) ** INE357L07457	FITCH AAA	DEBT	1.86%
16	7.27% Indian Railway Finance Corporation Limited (15/06/2027) ** INE053F07AB5	CRISIL AAA	DEBT	1.85%
17	7.712% Tata Capital Housing Finance Limited (14/01/2028) ** INE033L07IK9	CRISIL AAA	DEBT	1.85%
18	7.4% State Government Securities (25/02/2036) IN1520250318	Sovereign	DEBT	1.82%
19	Union Bank of India (02/03/2027) ** # INE692A16LM6	ICRA A1+	DEBT	1.75%
20	6.68% Government of India (07/07/2040) IN0020250042	Sovereign	DEBT	1.74%

Sector Allocation

CRISIL AAA41.4%

Sovereign10.6%

Banks5.6%

ICRA AA+4.4%

CRISIL AAA(SO)2.6%

CARE AA+2.2%

IT - Software2.2%

CARE AA-2.2%

CRISIL AA+2.0%

FITCH AAA1.9%

Top 10 sectors by % to NAV. Excludes derivatives.