Baroda BNP Paribas Business Cycle Fund
The fund maintains a cyclical tilt with concentrated exposure to financials, infrastructure, and capital goods—positioning for economic recovery and capex cycles. The recent swap of pharma for power infrastructure signals conviction in India's energy transition and industrial capex momentum over defensive pharma plays. With top-10 holdings representing 41% of assets and only 59 total stocks, the manager is running a conviction-driven portfolio betting on sector rotation rather than broad diversification.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹16.5531 | — | — | — | — |
| Regular Growth | ₹15.4644 | +0.19% | +0.46% | +14.64% | — |
| Direct IDCW | ₹13.8290 | — | — | — | — |
| Regular IDCW | ₹12.9185 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive 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 |
|---|---|
| Aequs Limited | 0.99% |
| Power Grid Corporation of India Limited | 0.97% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Hitachi Energy India Limited INE07Y701011 | 6.24% |
| 2 | Clearing Corporation of India Ltd nan | 5.81% |
| 3 | Reliance Industries Limited INE002A01018 | 5.28% |
| 4 | ICICI Bank Limited INE090A01021 | 5.07% |
| 5 | HDFC Bank Limited INE040A01034 | 4.71% |
| 6 | Larsen & Toubro Limited INE018A01030 | 4.19% |
| 7 | Sun Pharmaceutical Industries Limited INE044A01036 | 3.05% |
| 8 | State Bank of India INE062A01020 | 2.49% |
| 9 | Bharat Heavy Electricals Limited INE257A01026 | 2.26% |
| 10 | Kotak Mahindra Bank Limited INE237A01036 | 2.15% |
| 11 | Bharti Airtel Limited INE397D01024 | 2.12% |
| 12 | Nestle India Limited INE239A01024 | 2.11% |
| 13 | Divi's Laboratories Limited INE361B01024 | 2.09% |
| 14 | TVS Motor Company Limited INE494B01023 | 1.96% |
| 15 | Infosys Limited INE009A01021 | 1.90% |
| 16 | Persistent Systems Limited INE262H01021 | 1.77% |
| 17 | Eicher Motors Limited INE066A01021 | 1.71% |
| 18 | Eternal Limited INE758T01015 | 1.66% |
| 19 | ZF Commercial Vehicle Control Systems India Limited INE342J01019 | 1.65% |
| 20 | Linde India Limited INE473A01011 | 1.64% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Baroda BNP Paribas Business Cycle Fund hold?
Baroda BNP Paribas Business Cycle Fund holds 58 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 27.11% of NAV.
What is the largest holding in Baroda BNP Paribas Business Cycle Fund?
The largest position in Baroda BNP Paribas Business Cycle Fund is Hitachi Energy India Limited, accounting for 6.24% of NAV in the Electrical Equipment sector.
Is Baroda BNP Paribas Business Cycle Fund a concentrated or diversified fund?
With a Gini coefficient of 0.347, Baroda BNP Paribas Business Cycle Fund is well-diversified. The HHI concentration index is 27,241 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 27.11% of the portfolio.
What is the market cap allocation of Baroda BNP Paribas Business Cycle Fund?
Based on SEBI's AMFI classification, Baroda BNP Paribas Business Cycle Fund's equity portfolio is split as: Large Cap: 58.11%, Mid Cap: 21.92%, Small Cap: 11.16%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Baroda BNP Paribas Business Cycle Fund invest in most?
Baroda BNP Paribas Business Cycle Fund has the highest allocation to Banks (18.08%), Electrical Equipment (9.89%), Pharmaceuticals & Biotechnology (6.78%). The fund is invested across 32 sectors in total.
How actively managed is Baroda BNP Paribas Business Cycle Fund compared to other Sectoral / Thematic funds?
Baroda BNP Paribas Business Cycle Fund has an Active Share of 69.11%, classifying it as "Active Stock Picker" among 237 Sectoral / Thematic peers. This indicates a moderate level of differentiation from category peers.
What changed in Baroda BNP Paribas Business Cycle Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Baroda BNP Paribas Business Cycle Fund added 2 new stocks (including Aequs Limited) and exited 2 stocks (including Dr. Reddy's Laboratories Limited). Total holding count remained at 59 stocks.