Baroda BNP Paribas Flexi Cap Fund
The fund maintains a balanced yet selective approach with a pronounced banking tilt that represents nearly a quarter of the portfolio, signaling conviction in financial sector stability and valuations. The manager's focused 45-stock structure with nearly 40% concentrated in the top ten indicates preference for high-conviction ideas over diversification. Recent moves trimming healthcare exposure while adding Titan and boosting industrials like Cummins and Hindalco suggest a tactical shift toward domestic consumption and capital goods momentum, though the elevated cash position hints at caution on near-term valuations.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹15.9538 | — | — | — | — | — | — |
| Regular Growth | ₹15.1519 | +2.27% | -2.91% | -4.86% | +0.48% | +13.92% | — |
| Direct IDCW | ₹13.3238 | — | — | — | — | — | — |
| Regular IDCW | ₹12.6504 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Titan Company Limited | 1.46% |
| Aurobindo Pharma Limited | 1.16% |
| SBI Life Insurance Company Limited | 0.30% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Clearing Corporation of India Ltd nan | 7.73% |
| 2 | HDFC Bank Limited INE040A01034 | 4.34% |
| 3 | Bharti Airtel Limited INE397D01024 | 3.54% |
| 4 | Cummins India Limited INE298A01020 | 3.51% |
| 5 | The Federal Bank Limited INE171A01029 | 3.47% |
| 6 | Hindalco Industries Limited INE038A01020 | 3.46% |
| 7 | Reliance Industries Limited INE002A01018 | 3.34% |
| 8 | IndusInd Bank Limited INE095A01012 | 3.24% |
| 9 | Bharat Heavy Electricals Limited INE257A01026 | 3.23% |
| 10 | Jindal Steel Limited INE749A01030 | 3.06% |
| 11 | Axis Bank Limited INE238A01034 | 2.91% |
| 12 | One 97 Communications Limited INE982J01020 | 2.69% |
| 13 | Radico Khaitan Limited INE944F01028 | 2.57% |
| 14 | Solar Industries India Limited INE343H01029 | 2.57% |
| 15 | Larsen & Toubro Limited INE018A01030 | 2.51% |
| 16 | Persistent Systems Limited INE262H01021 | 2.40% |
| 17 | Shriram Finance Limited INE721A01047 | 2.34% |
| 18 | Mahindra & Mahindra Limited INE101A01026 | 2.32% |
| 19 | Hitachi Energy India Limited INE07Y701011 | 2.24% |
| 20 | Sun Pharmaceutical Industries Limited INE044A01036 | 2.19% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.