Baroda BNP Paribas Banking and Financial Services Fund
Baroda BNP Paribas Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
The fund maintains a fortress position in large-cap banking, with nearly two-thirds allocated to banks led by the "Big Three" private banks and SBI. The concentrated portfolio signals conviction that established lenders will benefit from India's credit cycle, though the 8.4% cash holding suggests the manager is cautiously awaiting better entry points. Recent trimming of Bajaj Finance and entry into J&K Bank hint at a tactical shift toward undervalued regional opportunities while pruning pricier non-bank financials.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Primary | ₹46.2557 | -2.31% | -8.43% | -6.67% | -0.79% | +13.14% | +12.11% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
30
Top 5 Weight
43.02%
Top 10 Weight
64.64%
Active Share
—
Large Cap
53.53%
Gini
0.396
What Changed2026-03-31 → 2026-04-30
Holdings: 31 → 31+1 added−1 removed25 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| The Jammu & Kashmir Bank Limited | 1.33% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 9.91% |
| 2 | ICICI Bank Limited INE090A01021 | 8.92% |
| 3 | Axis Bank Limited INE238A01034 | 8.47% |
| 4 | Clearing Corporation of India Ltd nan | 8.28% |
| 5 | State Bank of India INE062A01020 | 7.44% |
| 6 | Kotak Mahindra Bank Limited INE237A01036 | 6.40% |
| 7 | IndusInd Bank Limited INE095A01012 | 5.29% |
| 8 | Shriram Finance Limited INE721A01047 | 3.49% |
| 9 | Multi Commodity Exchange of India Limited INE745G01043 | 3.43% |
| 10 | Bajaj Finance Limited INE296A01032 | 3.01% |
| 11 | Canara Bank INE476A01022 | 2.77% |
| 12 | Ujjivan Small Finance Bank Limited INE551W01018 | 2.63% |
| 13 | SBI Life Insurance Company Limited INE123W01016 | 2.34% |
| 14 | One 97 Communications Limited INE982J01020 | 2.14% |
| 15 | ICICI Prudential Asset Management Company Limited INE346A01027 | 2.11% |
| 16 | IIFL Finance Limited INE530B01024 | 2.06% |
| 17 | Union Bank of India INE692A01016 | 2.02% |
| 18 | Karur Vysya Bank Limited INE036D01028 | 2.02% |
| 19 | Muthoot Finance Limited INE414G01012 | 1.85% |
| 20 | AU Small Finance Bank Limited INE949L01017 | 1.83% |
Sector Allocation
Banks61.5%
Finance12.7%
Capital Markets10.0%
Insurance4.0%
Financial Technology (Fintech)2.1%
Sovereign1.3%
nan0.1%
Top 10 sectors by % to NAV. Excludes derivatives.