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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹319.0368 | +3.43% | — | — | — | — | — |
| Regular Growth | ₹281.8202 | +3.34% | -0.29% | -3.26% | +2.29% | +16.58% | +16.21% |
| Direct IDCW | ₹53.9024 | +2.72% | — | — | — | — | — |
| Regular IDCW | ₹50.3071 | +2.62% | — | — | — | — | — |
Portfolio Metrics(latest month)
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.