Baroda BNP Paribas Business Cycle Fund
Baroda BNP Paribas Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹16.4200 | — | — | — | — | — | — |
| Regular Growth | ₹15.3406 | +1.46% | -2.75% | -3.46% | +0.91% | +14.35% | — |
| Direct IDCW | ₹13.7178 | — | — | — | — | — | — |
| Regular IDCW | ₹12.8151 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
58
Top 5 Weight
27.11%
Top 10 Weight
41.25%
Active Share
—
Large Cap
58.11%
Gini
0.347
What Changed2026-03-31 → 2026-04-30
Holdings: 59 → 59+2 added−2 removed21 weight shifts ≥ 0.1%
| 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
Banks18.1%
Electrical Equipment9.9%
Pharmaceuticals & Biotechnology6.8%
IT - Software6.7%
Petroleum Products5.3%
Automobiles5.0%
Auto Components4.4%
Construction4.2%
Consumer Durables3.2%
Power2.2%
Top 10 sectors by % to NAV. Excludes derivatives.