Baroda BNP Paribas Banking and Financial Services Fund vs Motilal Oswal Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Banking and Financial Services Fund is a Thematic fund and Motilal Oswal Services Fund is a Thematic fund. In the year to 30-10-2026, Baroda BNP Paribas Banking and Financial Services Fund (Direct) returned −5.9% and Motilal Oswal Services Fund (Direct) returned 3.8%. Baroda BNP Paribas Banking and Financial Services Fund charges 1.09% a year and Motilal Oswal Services Fund 1.38% (Direct plans). Their portfolios overlap 20.5%: they hold 9 of the same securities.
Baroda BNP Paribas Banking and Financial Services Fund
Thematic
- 1 year return
- −5.9%
- Expense ratio
- 1.09%
- NAV
- ₹52.42
Motilal Oswal Services Fund
Thematic
- 1 year return
- 3.8%
- Expense ratio
- 1.38%
- NAV
- ₹11.40
Which is better, Baroda BNP Paribas Banking and Financial Services or Motilal Oswal Services? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Motilal Oswal Services returned more over 1 year: 3.8% against −5.9%.
- Baroda BNP Paribas Banking and Financial Services costs less: 1.09% a year against 1.38% (Direct plans).
- Baroda BNP Paribas Banking and Financial Services fell less in its worst fall since 16-06-2025: −16.4% against −17.3%.
- Baroda BNP Paribas Banking and Financial Services holds more in large companies: 54.7% of the fund in large caps against 13.7%.
- Baroda BNP Paribas Banking and Financial Services is the larger fund: ₹516 Cr against ₹136 Cr.
- Their portfolios overlap 20.5%: 9 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Baroda BNP Paribas Banking and Financial Services Fund | Motilal Oswal Services Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹516 Cr (30-09-2026) | ₹136 Cr (30-09-2026) |
| NAV | ₹52.42 (Direct) | ₹11.40 (Direct) |
| Expense ratio (Direct) | 1.09% | 1.38% |
| Expense ratio (Regular) | 2.69% | 2.67% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Services Sector TRI |
| Launch date | Not available | 09-06-2025 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | None |
| Fund managers | Not available | Ajay Khandelwal, Atul Mehra, Bhalchandra Shinde, Rakesh Shetty |
| Exit load | Not available | 1% - If redeemed within 90 days from the day of allotment. Nil - If redeemed after 90 days from the date of allotment. |
Baroda BNP Paribas Banking and Financial Services vs Motilal Oswal Services: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Banking and Financial Services Fund (Direct) | −2.92% | −6.09% | −1.57% | −5.88% | +12.79% | +9.67% | +11.10% |
| Motilal Oswal Services Fund (Direct) | −3.39% | +0.16% | +9.91% | +3.78% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Baroda BNP Paribas Banking and Financial Services vs Motilal Oswal Services: Year-wise Returns
| Year | Baroda BNP Paribas Banking and FinancialBaroda BNP Paribas Banking and Financial Services | Motilal OswalMotilal Oswal Services |
|---|---|---|
| 2026to date | −6.98% | +4.60% |
| 2025 | +16.30% | -- |
| 2024 | +14.00% | -- |
| 2023 | +21.84% | -- |
| 2022 | +16.70% | -- |
| 2021 | +8.97% | -- |
Baroda BNP Paribas Banking and Financial Services vs Motilal Oswal Services: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of Baroda BNP Paribas Banking and Financial Services Fund
Rolling returns
Every 1-year holding period, 93 of them, one for each trading day from 16-06-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Baroda BNP Paribas Banking and Financial Services Fund (Direct)
Motilal Oswal Services Fund (Direct)
Nifty Financial Services TRI
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Banking and Financial Services | 12.9 | 51.6 | 33.3 | 2.2 | 0.0 | 0.0 | 0.0 | 3.8% | 3.9% | −7.2% | 11.7% | 100% |
| Motilal Oswal Services | 0.0 | 5.4 | 11.8 | 50.5 | 32.3 | 0.0 | 0.0 | 12.9% | 13.5% | 1.9% | 19.0% | 100% |
| Nifty Financial Services TRI | 55.9 | 44.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −1.6% | −0.6% | −10.9% | 3.8% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Financial Services TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 16-06-2025. Past returns do not promise future returns.
Baroda BNP Paribas Banking and Financial Services vs Motilal Oswal Services: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-06-2025 to 30-10-2026: 17 instalments, ₹1,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas Banking and Financial ServicesBaroda BNP Paribas Banking and Financial Services Fund (Direct) | ₹1,70,000 | ₹1,63,783 | −₹6,217 | −4.9% |
| Motilal Oswal ServicesMotilal Oswal Services Fund (Direct) | ₹1,70,000 | ₹1,82,939 | ₹12,939 | 10.3% |
Baroda BNP Paribas Banking and Financial ServicesBaroda BNP Paribas Banking and Financial Services Fund (Direct)
Motilal Oswal ServicesMotilal Oswal Services Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), 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 Banking and Financial Services vs Motilal Oswal Services: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas Banking and Financial Services Fund (Direct) | Motilal Oswal Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.88% | +3.78% |
| Standard deviation | 17.42% | 16.35% |
| Sharpe ratio | -0.64 | -0.09 |
| Sortino ratio | -0.88 | -0.13 |
| Maximum drawdown | −16.4% (31-03-2026) | −17.3% (23-03-2026) |
| Beta | 0.95 | 0.84 |
| Alpha | +2.35% | +8.69% |
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 and alpha compare each fund with its own benchmark's TRI.
| Measure | Baroda BNP Paribas Banking and Financial Services Fund (Direct) | Motilal Oswal Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.13% | +9.88% |
| Standard deviation | 20.73% | 15.49% |
| Sharpe ratio | 0.25 | 0.29 |
| Sortino ratio | 0.34 | 0.41 |
| Maximum drawdown | −42.8% (23-03-2020) | −17.3% (23-03-2026) |
| Beta | 0.95 | 0.85 |
| Alpha | −1.38% | +11.98% |
From daily NAVs, 02-01-2013 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 and alpha compare each fund with its own benchmark's TRI.
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.
Baroda BNP Paribas Banking and Financial Services Fund (Direct)
Motilal Oswal Services Fund (Direct)
Nifty Financial Services TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Banking and Financial Services Fund (Direct) | −16.4% | 18-02-2026 | 31-03-2026 | Not yet | -- | −9.7% |
| Motilal Oswal Services Fund (Direct) | −17.3% | 18-11-2025 | 23-03-2026 | 22-06-2026 | 3 months | −6.3% |
| Nifty Financial Services TRI | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 16-06-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Baroda BNP Paribas Banking and Financial Services Fund (Direct)
Motilal Oswal Services Fund (Direct)
Nifty Financial Services TRI
Against Nifty Financial Services TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Baroda BNP Paribas Banking and Financial Services Fund (Direct) | 93% | 83% | 4.96% |
| Motilal Oswal Services Fund (Direct) | 87% | 32% | 13.05% |
From month-end values since 16-06-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Baroda BNP Paribas Banking and Financial Services vs Motilal Oswal Services: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Banking and Financial Services Fund, September 2026; Motilal Oswal Services Fund, September 2026
Holdings in common
- Overlap
- 20.5%
- Held by both
- 9
- Only in Baroda BNP Paribas Banking and Financial Services
- 29
- Only in Motilal Oswal Services
- 26
| Security | % of Baroda BNP Paribas Banking and Financial Services | % of Motilal Oswal Services |
|---|---|---|
| Multi Commodity Exchange of India Limited | 3.58% | 6.25% |
| One 97 Communications Limited | 3.27% | 3.35% |
| BSE Limited | 2.45% | 3.44% |
| Shriram Finance Limited | 3.85% | 2.41% |
| RBL Bank Limited | 2.15% | 2.69% |
| Bajaj Finance Limited | 5.08% | 2.07% |
| Aditya Birla Capital Limited | 1.92% | 4.57% |
| ICICI Prudential Asset Management Company Limited | 1.64% | 1.34% |
| The Jammu & Kashmir Bank Limited | 1.29% | 2.28% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 20.5% means 20.5% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Baroda BNP Paribas Banking and Financial Services Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 9.22% |
| State Bank of India | 6.99% |
| HDFC Bank Limited | 6.25% |
| Axis Bank Limited | 5.89% |
| Kotak Mahindra Bank Limited | 5.45% |
Largest holdings only in Motilal Oswal Services Fund
| Security | % of fund |
|---|---|
| Aster DM Quality Care Limited | 4.64% |
| Spectrum Electrical Industries Ltd | 4.43% |
| Apollo Hospitals Enterprise Limited | 4.41% |
| Aditya Birla Sun Life AMC Limited | 4.30% |
| Meesho Ltd | 4.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Banking and Financial Services | Motilal Oswal Services |
|---|---|---|
| Equity | 96.4% | 97.0% |
| Debt | 0.9% | 0.0% |
| Cash and others | 2.6% | 3.0% |
Market cap of stocks
| Market cap | Baroda BNP Paribas Banking and Financial Services | Motilal Oswal Services |
|---|---|---|
| Large Cap | 54.7% | 13.7% |
| Mid Cap | 21.8% | 23.0% |
| Small Cap | 15.9% | 57.0% |
| Not on AMFI's list | 4.0% | 3.3% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Baroda BNP Paribas Banking and Financial Services | Motilal Oswal Services |
|---|---|---|
| Banks | 51.7% | 7.4% |
| Finance | 21.0% | 11.8% |
| Capital Markets | 12.6% | 17.8% |
| Healthcare Services | 0.0% | 9.7% |
| Industrial Manufacturing | 0.0% | 8.4% |
| IT - Software | 0.0% | 7.9% |
| Financial Technology (Fintech) | 7.9% | 3.4% |
| Insurance | 3.2% | 2.4% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas Banking and Financial Services vs Motilal Oswal Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Banking and Financial Services Fund | Motilal Oswal Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.09% | 1.38% |
| Base expense ratio (Direct) | 0.68% | 0.86% |
| Total expense ratio (Regular) | 2.69% | 2.67% |
| Base expense ratio (Regular) | 2.08% | 2.10% |
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, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Baroda BNP Paribas Banking and Financial Services with
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- Baroda BNP Paribas Banking and Financial Services vs Aditya Birla Sun Life International Equity
Baroda BNP Paribas Banking and Financial Services Fund vs Motilal Oswal Services Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Banking and Financial Services Fund and Motilal Oswal Services Fund?
Baroda BNP Paribas Banking and Financial Services Fund is a Thematic fund, Motilal Oswal Services Fund is a Thematic fund, run by Baroda BNP Paribas Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 20.5%. Baroda BNP Paribas Banking and Financial Services Fund charges 1.09% a year and Motilal Oswal Services Fund 1.38%.
Which has given higher returns, Baroda BNP Paribas Banking and Financial Services Fund or Motilal Oswal Services Fund?
Over 1 year: Baroda BNP Paribas Banking and Financial Services Fund −5.88%, Motilal Oswal Services Fund +3.78%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Banking and Financial Services Fund or Motilal Oswal Services Fund?
Baroda BNP Paribas Banking and Financial Services Fund charges less: 1.09% a year against 1.38%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Banking and Financial Services Fund and Motilal Oswal Services Fund overlap?
20.5%. They hold 9 of the same securities, the largest shared ones being MCX, PAYTM, BSE. From each fund's latest monthly portfolio.
Can I invest in both Baroda BNP Paribas Banking and Financial Services Fund and Motilal Oswal Services Fund?
Yes. 20.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each 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.