Funds/ELSS - Tax Saver Fund/Baroda BNP Paribas ELSS Tax Saver Fund

Baroda BNP Paribas ELSS Tax Saver Fund

Baroda BNP Paribas Mutual Fund·ELSS - Tax Saver Fund·vs Nifty 500 TRI

The fund maintains a defensive yet selective posture with heavy concentration in financial stocks—banks alone represent over a fifth of the portfolio—signaling conviction in stability over growth. The deliberate overweight to infrastructure and electrical equipment names like Hitachi Energy and BHEL suggests positioning for India's capex cycle and energy transition, though this conviction appears moderately tempered given the modest 51-stock portfolio still leaves meaningful cash. The exit of LG Electronics indicates the manager is pruning commoditized consumer electronics exposure to focus capital on structural beneficiaries of policy tailwinds and domestic demand strength.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Primary	₹94.4164	+0.57%	-3.67%	-4.38%	+2.38%	+16.56%	—

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

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

23.34%

Top 10 Weight

38.42%

Active Share

—

Large Cap

60.51%

Gini

0.279

What Changed2026-03-31 → 2026-04-30

Holdings: 52 → 51+0 added−1 removed20 weight shifts ≥ 0.1%

Stock	Sector	Weight
No new entries this month

Full Holdings

#	Holding	Sector	Class	% to NAV
1	HDFC Bank Limited INE040A01034	Banks	EQUITY	5.71%
2	Clearing Corporation of India Ltd nan		CASH_EQUIVALENT	5.03%
3	ICICI Bank Limited INE090A01021	Banks	EQUITY	4.70%
4	Reliance Industries Limited INE002A01018	Petroleum Products	EQUITY	4.55%
5	State Bank of India INE062A01020	Banks	EQUITY	3.35%
6	Hitachi Energy India Limited INE07Y701011	Electrical Equipment	EQUITY	3.32%
7	Bharat Heavy Electricals Limited INE257A01026	Electrical Equipment	EQUITY	3.26%
8	Bharti Airtel Limited INE397D01024	Telecom - Services	EQUITY	3.08%
9	Larsen & Toubro Limited INE018A01030	Construction	EQUITY	2.72%
10	Cummins India Limited INE298A01020	Industrial Products	EQUITY	2.70%
11	Hindalco Industries Limited INE038A01020	Non - Ferrous Metals	EQUITY	2.57%
12	Navin Fluorine International Limited INE048G01026	Chemicals & Petrochemicals	EQUITY	2.44%
13	Titan Company Limited INE280A01028	Consumer Durables	EQUITY	2.40%
14	TVS Motor Company Limited INE494B01023	Automobiles	EQUITY	2.38%
15	Linde India Limited INE473A01011	Chemicals & Petrochemicals	EQUITY	2.33%
16	Radico Khaitan Limited INE944F01028	Beverages	EQUITY	2.32%
17	Sagility Limited INE0W2G01015	IT - Services	EQUITY	2.25%
18	Tech Mahindra Limited INE669C01036	IT - Software	EQUITY	2.23%
19	Eternal Limited INE758T01015	Retailing	EQUITY	2.20%
20	Infosys Limited INE009A01021	IT - Software	EQUITY	2.12%

Sector Allocation

Banks21.2%

Electrical Equipment6.6%

IT - Software6.6%

Automobiles5.8%

Chemicals & Petrochemicals4.8%

Petroleum Products4.5%

Finance4.0%

Retailing3.6%

Pharmaceuticals & Biotechnology3.3%

Telecom - Services3.1%

Top 10 sectors by % to NAV. Excludes derivatives.