Baroda BNP Paribas Business Conglomerates Fund vs ICICI Prudential Conglomerate Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Business Conglomerates Fund is a Thematic fund and ICICI Prudential Conglomerate Fund is a Thematic fund. In the year to 30-10-2026, Baroda BNP Paribas Business Conglomerates Fund (Direct) returned −6.8% and ICICI Prudential Conglomerate Fund (Direct) returned −3.9%. Baroda BNP Paribas Business Conglomerates Fund charges 0.93% a year and ICICI Prudential Conglomerate Fund 1.43% (Direct plans). Their portfolios overlap 32.2%: they hold 15 of the same securities.
Baroda BNP Paribas Business Conglomerates Fund
Thematic
- 1 year return
- −6.8%
- Expense ratio
- 0.93%
- NAV
- ₹9.54
ICICI Prudential Conglomerate Fund
Thematic
- 1 year return
- −3.9%
- Expense ratio
- 1.43%
- NAV
- ₹9.62
Which is better, Baroda BNP Paribas Business Conglomerates or ICICI Prudential Conglomerate? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Conglomerate returned more over 1 year: −3.9% against −6.8%.
- Baroda BNP Paribas Business Conglomerates costs less: 0.93% a year against 1.43% (Direct plans).
- ICICI Prudential Conglomerate fell less in its worst fall since 27-10-2025: −14.1% against −14.7%.
- Baroda BNP Paribas Business Conglomerates holds more in large companies: 75.8% of the fund in large caps against 65.4%.
- ICICI Prudential Conglomerate is the larger fund: ₹763 Cr against ₹579 Cr.
- Their portfolios overlap 32.2%: 15 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 Business Conglomerates Fund | ICICI Prudential Conglomerate Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹579 Cr (30-09-2026) | ₹763 Cr (30-09-2026) |
| NAV | ₹9.54 (Direct) | ₹9.62 (Direct) |
| Expense ratio (Direct) | 0.93% | 1.43% |
| Expense ratio (Regular) | 2.50% | 2.47% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | BSE Select Business Groups Index |
| Launch date | Not available | 24-10-2025 |
| Minimum investment | Not available | ₹1,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Lalit Kumar |
| Exit load | Not available | Exit load of 1% if redeemed within 1 month. |
Baroda BNP Paribas Business Conglomerates vs ICICI Prudential Conglomerate: 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 Business Conglomerates Fund (Direct) | −0.73% | −6.82% | −3.57% | −6.80% | -- | -- | -- |
| ICICI Prudential Conglomerate Fund (Direct) | −3.61% | −7.50% | −3.61% | −3.90% | -- | -- | -- |
| 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 Business Conglomerates vs ICICI Prudential Conglomerate: Year-wise Returns
| Year | Baroda BNP Paribas Business ConglomeratesBaroda BNP Paribas Business Conglomerates | ICICI Prudential ConglomerateICICI Prudential Conglomerate |
|---|---|---|
| 2026to date | −8.32% | −4.56% |
Baroda BNP Paribas Business Conglomerates vs ICICI Prudential Conglomerate: Rolling Returns
Every holding period of both funds, against Nifty Conglomerate 50 TRI, the benchmark of Baroda BNP Paribas Business Conglomerates Fund
Baroda BNP Paribas Business Conglomerates vs ICICI Prudential Conglomerate: 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 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas Business ConglomeratesBaroda BNP Paribas Business Conglomerates Fund (Direct) | ₹1,30,000 | ₹1,24,137 | −₹5,863 | −7.7% |
| ICICI Prudential ConglomerateICICI Prudential Conglomerate Fund (Direct) | ₹1,30,000 | ₹1,25,051 | −₹4,949 | −6.6% |
Baroda BNP Paribas Business ConglomeratesBaroda BNP Paribas Business Conglomerates Fund (Direct)
ICICI Prudential ConglomerateICICI Prudential Conglomerate 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 Business Conglomerates vs ICICI Prudential Conglomerate: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas Business Conglomerates Fund (Direct) | ICICI Prudential Conglomerate Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.80% | −3.90% |
| Standard deviation | 15.02% | 17.85% |
| Sharpe ratio | -0.80 | -0.51 |
| Sortino ratio | -1.07 | -0.69 |
| Maximum drawdown | −14.7% (30-03-2026) | −14.1% (23-03-2026) |
| Beta | 0.85 | 0.99 |
| Alpha | −2.98% | +3.19% |
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 Business Conglomerates Fund (Direct) | ICICI Prudential Conglomerate Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.31% | −3.87% |
| Standard deviation | 14.40% | 17.79% |
| Sharpe ratio | -0.67 | -0.51 |
| Sortino ratio | -0.89 | -0.69 |
| Maximum drawdown | −14.7% (30-03-2026) | −14.1% (23-03-2026) |
| Beta | 0.84 | 0.98 |
| Alpha | −4.13% | +2.61% |
From daily NAVs, 25-09-2025 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.
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 Business Conglomerates Fund (Direct)
ICICI Prudential Conglomerate Fund (Direct)
Nifty Conglomerate 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Business Conglomerates Fund (Direct) | −14.7% | 02-01-2026 | 30-03-2026 | 05-08-2026 | 4 months | −9.5% |
| ICICI Prudential Conglomerate Fund (Direct) | −14.1% | 26-02-2026 | 23-03-2026 | 07-05-2026 | 45 days | −11.0% |
| Nifty Conglomerate 50 TRI | −16.2% | 02-01-2026 | 30-03-2026 | 31-07-2026 | 4 months | −10.6% |
From daily values since 27-10-2025, 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 Business Conglomerates Fund (Direct)
ICICI Prudential Conglomerate Fund (Direct)
Nifty Conglomerate 50 TRI
Against Nifty Conglomerate 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Baroda BNP Paribas Business Conglomerates Fund (Direct) | 80% | 91% | 4.34% |
| ICICI Prudential Conglomerate Fund (Direct) | 102% | 96% | 5.19% |
From month-end values since 27-10-2025. 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 Business Conglomerates vs ICICI Prudential Conglomerate: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Business Conglomerates Fund, September 2026; ICICI Prudential Conglomerate Fund, September 2026
Holdings in common
- Overlap
- 32.2%
- Held by both
- 15
- Only in Baroda BNP Paribas Business Conglomerates
- 29
- Only in ICICI Prudential Conglomerate
- 29
| Security | % of Baroda BNP Paribas Business Conglomerates | % of ICICI Prudential Conglomerate |
|---|---|---|
| Mahindra & Mahindra Limited | 7.34% | 7.87% |
| Bajaj Finance Limited | 5.22% | 3.77% |
| UltraTech Cement Limited | 3.73% | 6.46% |
| JSW Steel Limited | 3.12% | 4.00% |
| TVS Motor Company Limited | 2.13% | 4.57% |
| Adani Ports and Special Economic Zone Limited | 2.33% | 1.71% |
| Tata Motors Ltd | 1.70% | 2.10% |
| Cholamandalam Investment and Finance Company Ltd | 1.51% | 3.82% |
| Coromandel International Limited | 1.50% | 3.24% |
| The Indian Hotels Company Limited | 1.93% | 1.36% |
| CG Power and Industrial Solutions Limited | 1.33% | 7.10% |
| Reliance Industries Limited | 4.71% | 1.24% |
| Bharti Airtel Limited | 0.76% | 1.84% |
| IndusInd Bank Limited | 1.87% | 0.65% |
| Titan Company Limited | 4.28% | 0.37% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.2% means 32.2% 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 Business Conglomerates Fund
| Security | % of fund |
|---|---|
| Larsen & Toubro Limited | 7.79% |
| Bajaj Auto Limited | 3.38% |
| Hindustan Zinc Limited | 2.93% |
| Tata Consultancy Services Limited | 2.87% |
| Tata Power Company Limited | 2.79% |
Largest holdings only in ICICI Prudential Conglomerate Fund
| Security | % of fund |
|---|---|
| Samvardhana Motherson International Ltd. | 3.64% |
| APL Apollo Tubes Ltd. | 3.37% |
| JSW Infrastructure Ltd | 3.17% |
| Ambuja Cements Ltd. | 3.09% |
| Jindal Steel Ltd. | 2.91% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Business Conglomerates | ICICI Prudential Conglomerate |
|---|---|---|
| Equity | 96.4% | 96.8% |
| Debt | 2.5% | 0.0% |
| Cash and others | 1.1% | 3.2% |
Market cap of stocks
| Market cap | Baroda BNP Paribas Business Conglomerates | ICICI Prudential Conglomerate |
|---|---|---|
| Large Cap | 75.8% | 65.4% |
| Mid Cap | 11.4% | 17.5% |
| Small Cap | 9.2% | 13.8% |
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 Business Conglomerates | ICICI Prudential Conglomerate |
|---|---|---|
| Automobiles | 12.8% | 14.3% |
| Ferrous Metals | 3.1% | 11.9% |
| Finance | 11.7% | 7.6% |
| Cement & Cement Products | 4.7% | 10.5% |
| Consumer Durables | 8.1% | 3.3% |
| Construction | 7.8% | 0.0% |
| IT - Software | 7.6% | 0.0% |
| Industrial Products | 0.0% | 7.3% |
| Electrical Equipment | 1.3% | 7.1% |
| Pharmaceuticals & Biotechnology | 6.3% | 2.3% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas Business Conglomerates vs ICICI Prudential Conglomerate: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Business Conglomerates Fund | ICICI Prudential Conglomerate Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.93% | 1.43% |
| Base expense ratio (Direct) | 0.72% | 1.12% |
| Total expense ratio (Regular) | 2.50% | 2.47% |
| Base expense ratio (Regular) | 2.05% | 2.04% |
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 Business Conglomerates with
- Baroda BNP Paribas Business Conglomerates vs Nippon India Taiwan Equity
- Baroda BNP Paribas Business Conglomerates vs HDFC Defence
- Baroda BNP Paribas Business Conglomerates vs HDFC Pharma and Healthcare
- Baroda BNP Paribas Business Conglomerates vs SBI Healthcare Opportunities
- Baroda BNP Paribas Business Conglomerates vs Aditya Birla Sun Life International Equity
Compare ICICI Prudential Conglomerate with
Baroda BNP Paribas Business Conglomerates Fund vs ICICI Prudential Conglomerate Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Business Conglomerates Fund and ICICI Prudential Conglomerate Fund?
Baroda BNP Paribas Business Conglomerates Fund is a Thematic fund, ICICI Prudential Conglomerate Fund is a Thematic fund, run by Baroda BNP Paribas Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 32.2%. Baroda BNP Paribas Business Conglomerates Fund charges 0.93% a year and ICICI Prudential Conglomerate Fund 1.43%.
Which has given higher returns, Baroda BNP Paribas Business Conglomerates Fund or ICICI Prudential Conglomerate Fund?
Over 1 year: Baroda BNP Paribas Business Conglomerates Fund −6.80%, ICICI Prudential Conglomerate Fund −3.90%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Business Conglomerates Fund or ICICI Prudential Conglomerate Fund?
Baroda BNP Paribas Business Conglomerates Fund charges less: 0.93% a year against 1.43%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Business Conglomerates Fund and ICICI Prudential Conglomerate Fund overlap?
32.2%. They hold 15 of the same securities, the largest shared ones being M&M, BAJFINANCE, ULTRACEMCO. From each fund's latest monthly portfolio.
Can I invest in both Baroda BNP Paribas Business Conglomerates Fund and ICICI Prudential Conglomerate Fund?
Yes. 32.2% 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.