Baroda BNP Paribas Innovation Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Baroda BNP Paribas Innovation Fund is a Thematic fund run by Baroda BNP Paribas Mutual Fund. On 30-09-2026, it managed ₹859 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 4.8% and its Regular plan returned 3.5%. Its benchmark, Nifty 500 TRI, returned −7.3% over the same year.

NAV (Direct plan): ₹13.60; ▼ 0.74%30-10-2026
NAV (Regular plan): ₹13.10; ▼ 0.74%30-10-2026
Expense ratio: 1.29%Direct2.51%Regular; 1.29%; A year
Riskometer: Not available; Set by the fund house
1 year return: 4.8%Direct3.5%Regular; 4.8%; Total

Baroda BNP Paribas Innovation Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹13.60 (down 0.74% that day); Regular Plan Growth ₹13.10 (down 0.74% that day).

This fund (Direct plan)

₹13.6032

Baroda BNP Paribas Innovation Fund Returns vs Nifty 500 TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−1.16%	−1.35%	+3.84%	+4.76%	--	--	--
This fund (Regular)	−1.26%	−1.65%	+3.18%	+3.45%	--	--	--
Nifty 500 TRI	−0.75%	−6.05%	−2.83%	−7.34%	+10.22%	+8.81%	+12.51%
Thematic average	−2.09%	−4.52%	+0.86%	−1.22%	--	--	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	--	--	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	--	--	--
Rank in Thematic	67/235	45/232	68/232	50/215	--	--	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.

Baroda BNP Paribas Innovation Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty 500 TRI
2026to date	+5.16%	+4.07%	−7.51%
2025	−0.64%	−1.93%	+7.76%

Baroda BNP Paribas Innovation Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 405 periods, one for each trading day from 07-03-2025 to 30-10-2026.

−10%−5%0%5%10%15%20%25%

Apr 2024
to
Apr 2025Aug 2024
to
Aug 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 2026

Baroda BNP Paribas Innovation Fund (Direct)Nifty 500 TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	405	7.2%	−6.1%	20.5%	14%	3.4%	70%
2 years	159	6.9%	0.9%	13.1%	0%	2.0%	100%

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	20	6.5%	−20.7%	21.0%	20%	3.4%	65%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty 500 TRI over the same days. Past returns do not promise future returns.

Baroda BNP Paribas Innovation Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Baroda BNP Paribas Innovation Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+4.76%	−7.34%
Standard deviation	15.72%	14.48%
Sharpe ratio	-0.03	-0.87
Sortino ratio	-0.04	-1.16
Maximum drawdown	−12.2% (23-03-2026)	−14.7% (30-03-2026)
Beta	1.00	1.00
Alpha	+12.04%	0.00%

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Baroda BNP Paribas Innovation Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+12.24%	+3.66%
Standard deviation	15.76%	14.62%
Sharpe ratio	0.40	-0.15
Sortino ratio	0.55	-0.21
Maximum drawdown	−22.3% (07-04-2025)	−18.6% (28-02-2025)
Beta	0.99	1.00
Alpha	+8.55%	0.00%

From daily NAVs, 07-03-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−25%−20%−15%−10%−5%0%

20252026

Baroda BNP Paribas Innovation Fund (Direct)Nifty 500 TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Baroda BNP Paribas Innovation Fund (Direct)	−22.3%	15-10-2024	07-04-2025	07-05-2026	13 months	−6.3%
Nifty 500 TRI	−18.6%	26-09-2024	28-02-2025	Not yet	--	−8.8%

From the Direct plan's daily NAV since 07-03-2024, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Baroda BNP Paribas Innovation Fund vs Other Thematic Funds

The five Thematic funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Nippon India Taiwan Equity Fund	1/133	1,147	1.08%	+75.71%	+54.78%	--	--	1.38	2.03	Compare
HDFC Defence Fund	2/133	11,493	0.90%	+13.79%	+34.76%	−0.18%	0.83	1.12	1.54	Compare
HDFC Pharma and Healthcare Fund	3/133	3,501	1.05%	+23.12%	+30.53%	+8.23%	0.96	1.74	2.49	Compare
SBI Healthcare Opportunities Fund	4/133	5,870	1.01%	+17.12%	+24.60%	+3.61%	0.88	1.42	2.03	Compare
Aditya Birla Sun Life International Equity Fund	5/133	352	2.00%	+13.97%	+24.46%	--	--	1.49	2.16	Compare
Baroda BNP Paribas Innovation Fund	50/215	859	1.29%	+4.76%	--	--	--	--	--

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Baroda BNP Paribas Innovation Fund Expense Ratio and Costs

What each plan charges a year, in force from 21-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Thematic median	Cost rank (1 = cheapest)
Direct	0.89%	0.08%	0.00%	0.32%	1.29%	1.18%	145/235
Regular	1.95%	0.08%	0.00%	0.48%	2.51%	2.41%	137/235

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	3.45%	4.76%	1.31%	₹1,03,450	₹1,04,760

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Baroda BNP Paribas Innovation Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 07-03-2024 to 30-10-2026: 32 instalments, ₹3,20,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planBaroda BNP Paribas Innovation Fund (Direct)	₹3,20,000	₹3,54,185	₹34,185	7.6%
Regular planBaroda BNP Paribas Innovation Fund (Regular)	₹3,20,000	₹3,47,630	₹27,630	6.2%
Nifty 500 TRI	₹3,20,000	₹3,16,073	−₹3,927	−0.9%
Category averageCategory average, 235 Thematic funds	₹3,20,000	₹3,34,925	₹14,925	3.4%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L

20252026

Direct planBaroda BNP Paribas Innovation Fund (Direct)Regular planBaroda BNP Paribas Innovation Fund (Regular)Nifty 500 TRICategory averageCategory average, 235 Thematic fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

Baroda BNP Paribas Innovation Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

94.5%Equity

Asset	Fund	Category
Equity	94.5%	94.5%
Cash and others	4.3%	4.0%
Debt	1.1%	1.5%

Market cap of stocks

Market cap	Fund	Category
Large Cap	31.4%	45.7%
Mid Cap	34.6%	19.6%
Small Cap	26.6%	24.1%
Not on AMFI's list	1.9%	2.3%

Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Baroda BNP Paribas Innovation Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Pharmaceuticals & Biotechnology14.6%
Financial Technology (Fintech)10.3%
Chemicals & Petrochemicals9.2%
Retailing8.5%
Capital Markets8.2%
Automobiles6.2%
Electrical Equipment5.1%
Auto Components4.0%
IT - Services3.9%
Industrial Products3.7%

The ten largest of 21 sectors. The other 11 add up to 20.7%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Pharmaceuticals & Biotechnology	13.8%	14.1%	14.6%	+0.8%
Financial Technology (Fintech)	8.2%	9.3%	10.3%	+2.1%
Chemicals & Petrochemicals	8.7%	8.5%	9.2%	+0.5%
Retailing	8.4%	8.2%	8.5%	0.0%
Capital Markets	8.2%	8.2%	8.2%	0.0%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

Baroda BNP Paribas Innovation Fund Portfolio Holdings

As on 30-09-2026 · 48 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
One 97 Communications Limited	Financial Technology (Fintech)	5.27%	0.0%
Divi's Laboratories Limited	Pharmaceuticals & Biotechnology	4.32%	0.0%
Linde India Limited	Chemicals & Petrochemicals	4.07%	0.0%
Acutaas Chemicals Limited	Pharmaceuticals & Biotechnology	3.82%	0.0%
Hitachi Energy India Limited	Electrical Equipment	3.53%	0.0%
Navin Fluorine International Limited	Chemicals & Petrochemicals	3.45%	0.0%
Bosch Limited	Auto Components	3.29%	0.0%
TVS Motor Company Limited	Automobiles	3.27%	0.0%
Eternal Limited	Retailing	3.16%	0.0%
Multi Commodity Exchange of India Limited	Capital Markets	3.11%	0.0%
FSN E-Commerce Ventures Limited	Retailing	2.76%	0.0%
Amagi Media Labs Limited	IT - Services	2.59%	0.0%
Lenskart Solutions Limited	Retailing	2.58%	0.0%
Bharat Electronics Limited	Aerospace & Defense	2.48%	0.0%
Glenmark Pharmaceuticals Limited	Pharmaceuticals & Biotechnology	2.44%	0.0%
Bajaj Finance Limited	Finance	2.41%	0.0%
3M India Limited	Diversified	2.36%	+0.6%
Mahindra & Mahindra Limited	Automobiles	2.16%	0.0%
Lupin Limited	Pharmaceuticals & Biotechnology	2.13%	0.0%
Bharti Airtel Limited	Telecom - Services	2.04%	0.0%
Manipal Payment and Identity Solutions Ltd	Financial Technology (Fintech)	1.93%	New
Polycab India Limited	Industrial Products	1.93%	−5.9%
Pine Labs Limited	Financial Technology (Fintech)	1.80%	−28.0%
Cummins India Limited	Industrial Products	1.74%	0.0%
Billionbrains Garage Ventures Ltd	Capital Markets	1.73%	0.0%
Delhivery Limited	Transport Services	1.72%	0.0%
BSE Limited	Capital Markets	1.62%	0.0%
GE Vernova T&D India Limited	Electrical Equipment	1.54%	−7.3%
Max Financial Services Limited	Insurance	1.44%	−22.2%
Sagility Limited	IT - Services	1.34%	−35.5%
Concord Biotech Limited	Pharmaceuticals & Biotechnology	1.28%	0.0%
PB Fintech Limited	Financial Technology (Fintech)	1.28%	+4.5%
Travel Food Services Limited	Leisure Services	1.26%	0.0%
Persistent Systems Limited	IT - Software	1.23%	0.0%
Fractal Analytics Ltd	IT - Software	1.16%	0.0%
182 Days Tbill (MD 24/12/2026) · Treasury bill	Sovereign	1.15%
360 One WAM Limited	Capital Markets	1.08%	0.0%
Aequs Limited	Aerospace & Defense	1.07%	0.0%
Infosys Limited	IT - Software	1.02%	0.0%
PhysicsWallah Limited	Other Consumer Services	1.01%	−2.5%
Amber Enterprises India Limited	Consumer Durables	0.97%	0.0%
Fine Organic Industries Limited	Chemicals & Petrochemicals	0.86%	+23.4%
Atul Limited	Chemicals & Petrochemicals	0.81%	+47.2%
Ola Electric Mobility Ltd	Automobiles	0.78%	0.0%
Jtekt India Limited	Auto Components	0.75%	0.0%
KFin Technologies Limited	Capital Markets	0.70%	+2.9%
AstraZeneca Pharma India Limited	Pharmaceuticals & Biotechnology	0.65%	0.0%
Ujjivan Small Finance Bank Limited	Banks	0.57%	−50.0%

Baroda BNP Paribas Innovation Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

3M India Limited	Added	+0.6%	2.36%
Polycab India Limited	Reduced	−5.9%	1.93%
Pine Labs Limited	Reduced	−28.0%	1.80%
Sagility Limited	Reduced	−35.5%	1.34%
PB Fintech Limited	Added	+4.5%	1.28%
Max Financial Services Limited	Reduced	−22.2%	1.44%
Manipal Payment and Identity Solutions Ltd	New	New	1.93%
GE Vernova T&D India Limited	Reduced	−7.3%	1.54%
Ujjivan Small Finance Bank Limited	Reduced	−50.0%	0.57%
PhysicsWallah Limited	Reduced	−2.5%	1.01%
Fine Organic Industries Limited	Added	+23.4%	0.86%
Atul Limited	Added	+47.2%	0.81%
KFin Technologies Limited	Added	+2.9%	0.70%
Symbiotec Pharmalab Limited	Sold out	−100%	was 0.03%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What Baroda BNP Paribas Innovation Fund bought and sold

Baroda BNP Paribas Innovation Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Baroda BNP Paribas Children's FundSolution · Baroda BNP Paribas	34.2%	22	Compare
Baroda BNP Paribas ELSS Tax Saver FundELSS · Baroda BNP Paribas	31.6%	19	Compare
Baroda BNP Paribas Multi Cap FundMulti Cap · Baroda BNP Paribas	30.6%	22	Compare
Canara Robeco Large and Mid Cap FundLarge & Mid Cap · Canara Robeco	28.1%	19	Compare
HDFC Innovation FundThematic · HDFC	27.6%	18	Compare
Union Focused FundFocused · Union	27.5%	13	Compare
Baroda BNP Paribas Manufacturing FundThematic · Baroda BNP Paribas	27.3%	13	Compare
Baroda BNP Paribas Flexi Cap FundFlexi Cap · Baroda BNP Paribas	27.3%	16	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Baroda BNP Paribas Innovation Fund Overview

Fund facts from the scheme summary document

Expense ratio (Direct): 1.29%
Expense ratio (Regular): 2.51%
Category: Thematic
Risk: Not available
Benchmark: Not available
Launch date: Not available
Minimum investment: Not available
Minimum additional investment: Not available
AUM: ₹859.44 Cr (30-09-2026)
Lock in: Not available
Scheme code (Direct): 152470
ISIN (Direct): INF251K01TE1
Scheme code (Regular): 152472
ISIN (Regular): INF251K01TB7
NAV history: From 07-03-2024, 2.6 years

Exit load: Not available

Tax on Baroda BNP Paribas Innovation Fund returns

Baroda BNP Paribas Innovation Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹13.6032	30-10-2026
direct	IDCW	₹13.6032	30-10-2026
regular	Growth	₹13.0956	30-10-2026
regular	IDCW	₹12.9638	30-10-2026

About Baroda BNP Paribas Innovation Fund

Baroda BNP Paribas Innovation Fund is a mutual fund from Baroda BNP Paribas Mutual Fund. Its category is Thematic. At the end of September 2026 it held 48 securities.

Fund Manager

Not available

See all funds of Baroda BNP Paribas Mutual Fund

AUM change

September 2026: ₹859.44 Cr; −6.36% from August 2026
August 2026: ₹917.83 Cr; +2.63% from July 2026
July 2026: ₹894.31 Cr; +0.85% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Baroda BNP Paribas Innovation Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Compare with any other fund

Frequently Asked Questions for Baroda BNP Paribas Innovation Fund

What is the current NAV of Baroda BNP Paribas Innovation Fund?

The Direct plan NAV is ₹13.6032. The Regular plan NAV is ₹13.0956, as on 30-10-2026.

What are the returns of Baroda BNP Paribas Innovation Fund?

The Direct plan returned +4.76% in 1 year. The Regular plan returned +3.45% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Baroda BNP Paribas Innovation Fund?

The Direct plan charges 1.29% a year. The Regular plan charges 2.51% a year. This is the figure the fund house reported to AMFI, in force from 21-10-2026.

What is the AUM of Baroda BNP Paribas Innovation Fund?

Baroda BNP Paribas Innovation Fund managed ₹859.44 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Baroda BNP Paribas Innovation Fund?

At the end of September 2026 the largest holdings were PAYTM (5.27%), DIVISLAB (4.32%), LINDEINDIA (4.07%), ACUTAAS (3.82%), POWERINDIA (3.53%). The fund held 48 securities in all.

What did Baroda BNP Paribas Innovation Fund buy and sell in September 2026?

It bought 1 new stock: Manipal Payment and Identity Solutions Ltd. It sold out of 1: Symbiotec Pharmalab Limited. It added shares in 5. It reduced 7.

How do I invest in Baroda BNP Paribas Innovation Fund?

Through Baroda BNP Paribas Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. You can invest once or through a monthly SIP.

How has Baroda BNP Paribas Innovation Fund performed against its benchmark?

Its benchmark is Nifty 500 TRI. The Direct plan returned +4.76% in 1 year. The benchmark returned −7.34% in 1 year.

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.