Baroda BNP Paribas Multi Cap Fund
The manager is tilting defensively toward financial intermediaries and quality consumption plays, with banks representing nearly 15% of the portfolio despite modest leverage in cash. The recent pruning of fintech exposure and retail plays while adding regional banking suggests conviction that discretionary demand may face near-term headwinds, though the maintained IT-software weight signals confidence in secular growth narratives. With strong April gains and a balanced 70-holding structure, the fund appears positioned for a domestic consumption-led recovery rather than aggressive cyclical bets.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹322.0223 | +2.13% | — | — | — |
| Regular Growth | ₹284.4489 | +2.05% | +2.55% | +16.88% | +16.43% |
| Direct IDCW | ₹54.4068 | +1.43% | — | — | — |
| Regular IDCW | ₹50.7763 | +1.34% | — | — | — |
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 |
|---|---|
| Crompton Greaves Consumer Electricals Limited | 1.69% |
| The Jammu & Kashmir Bank Limited | 0.72% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Clearing Corporation of India Ltd nan | 3.58% |
| 2 | Bharti Airtel Limited INE397D01024 | 3.08% |
| 3 | Bharat Heavy Electricals Limited INE257A01026 | 2.96% |
| 4 | IndusInd Bank Limited INE095A01012 | 2.92% |
| 5 | Navin Fluorine International Limited INE048G01026 | 2.75% |
| 6 | Reliance Industries Limited INE002A01018 | 2.44% |
| 7 | Persistent Systems Limited INE262H01021 | 2.39% |
| 8 | Radico Khaitan Limited INE944F01028 | 2.32% |
| 9 | Cummins India Limited INE298A01020 | 2.29% |
| 10 | Karur Vysya Bank Limited INE036D01028 | 2.28% |
| 11 | Titan Company Limited INE280A01028 | 2.18% |
| 12 | TVS Motor Company Limited INE494B01023 | 2.17% |
| 13 | HDFC Bank Limited INE040A01034 | 2.16% |
| 14 | Amber Enterprises India Limited INE371P01015 | 2.12% |
| 15 | Hitachi Energy India Limited INE07Y701011 | 2.08% |
| 16 | JB Chemicals & Pharmaceuticals Limited INE572A01036 | 2.06% |
| 17 | Sagility Limited INE0W2G01015 | 2.04% |
| 18 | Delhivery Limited INE148O01028 | 2.03% |
| 19 | SBI Life Insurance Company Limited INE123W01016 | 1.98% |
| 20 | NMDC Limited INE584A01023 | 1.97% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Baroda BNP Paribas Multi Cap Fund hold?
Baroda BNP Paribas Multi Cap Fund holds 63 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 15.29% of NAV.
What is the largest holding in Baroda BNP Paribas Multi Cap Fund?
The largest position in Baroda BNP Paribas Multi Cap Fund is Clearing Corporation of India Ltd, accounting for 3.58% of NAV.
Is Baroda BNP Paribas Multi Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.253, Baroda BNP Paribas Multi Cap Fund is well-diversified. The HHI concentration index is 19,172 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 15.29% of the portfolio.
What is the market cap allocation of Baroda BNP Paribas Multi Cap Fund?
Based on SEBI's AMFI classification, Baroda BNP Paribas Multi Cap Fund's equity portfolio is split as: Large Cap: 36.59%, Mid Cap: 27.69%, Small Cap: 28.08%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Baroda BNP Paribas Multi Cap Fund invest in most?
Baroda BNP Paribas Multi Cap Fund has the highest allocation to Banks (14.18%), Consumer Durables (7.23%), IT - Software (7.13%). The fund is invested across 32 sectors in total.
How actively managed is Baroda BNP Paribas Multi Cap Fund compared to other Multi Cap Fund funds?
Baroda BNP Paribas Multi Cap Fund has an Active Share of 71.47%, classifying it as "Highly Differentiated" among 30 Multi Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Baroda BNP Paribas Multi Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Baroda BNP Paribas Multi Cap Fund added 2 new stocks (including Crompton Greaves Consumer Electricals Limited) and exited 4 stocks (including Vishal Mega Mart Limited). Total holding count decreased from 72 to 70 stocks.