Funds/Sectoral / Thematic/Baroda BNP Paribas Business Conglomerates Fund

Baroda BNP Paribas Business Conglomerates Fund

Baroda BNP Paribas Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

The fund maintains a concentrated bet on India's blue-chip conglomerates, with nearly half its portfolio in just ten holdings dominated by industrial powerhouses like Reliance, L&T, and M&M. The recent exit of CESC and increased allocation to Tata Power signal the manager's conviction in large-cap infrastructure and capital-intensive businesses positioned to benefit from India's growth acceleration. The balanced exposure across autos, finance, and industrials reflects a diversified play on consumption and investment cycles rather than sector-specific timing.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Primary	₹9.6292	+0.73%	-5.20%	-5.96%	—	—	—

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

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

33.12%

Top 10 Weight

48.40%

Active Share

—

Large Cap

75.53%

Gini

0.351

What Changed2026-03-31 → 2026-04-30

Holdings: 45 → 44+0 added−1 removed18 weight shifts ≥ 0.1%

Stock	Sector	Weight
No new entries this month

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Reliance Industries Limited INE002A01018	Petroleum Products	EQUITY	8.52%
2	Larsen & Toubro Limited INE018A01030	Construction	EQUITY	8.50%
3	Mahindra & Mahindra Limited INE101A01026	Automobiles	EQUITY	6.97%
4	Clearing Corporation of India Ltd nan		CASH_EQUIVALENT	4.79%
5	Bajaj Finance Limited INE296A01032	Finance	EQUITY	4.34%
6	Titan Company Limited INE280A01028	Consumer Durables	EQUITY	3.48%
7	Tata Power Company Limited INE245A01021	Power	EQUITY	3.24%
8	Tata Consultancy Services Limited INE467B01029	IT - Software	EQUITY	2.95%
9	Hindustan Zinc Limited INE267A01025	Non - Ferrous Metals	EQUITY	2.92%
10	State Bank of India INE062A01020	Banks	EQUITY	2.69%
11	JSW Steel Limited INE019A01038	Ferrous Metals	EQUITY	2.68%
12	Bajaj Auto Limited INE917I01010	Automobiles	EQUITY	2.65%
13	Adani Ports and Special Economic Zone Limited INE742F01042	Transport Infrastructure	EQUITY	2.63%
14	Tata Capital Limited INE976I01016	Finance	EQUITY	2.38%
15	Torrent Pharmaceuticals Limited INE685A01028	Pharmaceuticals & Biotechnology	EQUITY	2.22%
16	6.79% Government of India (07/10/2034) IN0020240126	Sovereign	DEBT	2.17%
17	UltraTech Cement Limited INE481G01011	Cement & Cement Products	EQUITY	2.15%
18	IndusInd Bank Limited INE095A01012	Banks	EQUITY	2.06%
19	Tech Mahindra Limited INE669C01036	IT - Software	EQUITY	1.95%
20	TVS Motor Company Limited INE494B01023	Automobiles	EQUITY	1.85%

Sector Allocation

Automobiles11.5%

Finance10.2%

Petroleum Products8.5%

Construction8.5%

IT - Software7.2%

Consumer Durables6.8%

Banks4.8%

Pharmaceuticals & Biotechnology4.7%

Cement & Cement Products4.3%

Power3.2%

Top 10 sectors by % to NAV. Excludes derivatives.