Baroda BNP Paribas Focused Fund vs HDFC NIFTY Top 20 Equal Weight Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Focused Fund is a Focused fund and HDFC NIFTY Top 20 Equal Weight Index Fund is an Index fund. In the year to 30-10-2026, Baroda BNP Paribas Focused Fund (Direct) returned −8.7% and HDFC NIFTY Top 20 Equal Weight Index Fund (Direct) returned −9.2%. Baroda BNP Paribas Focused Fund charges 1.18% a year and HDFC NIFTY Top 20 Equal Weight Index Fund 0.37% (Direct plans). Their portfolios overlap 38.2%: they hold 9 of the same securities.
Baroda BNP Paribas Focused Fund
Focused
- 1 year return
- −8.7%
- Expense ratio
- 1.18%
- NAV
- ₹23.10
HDFC NIFTY Top 20 Equal Weight Index Fund
Index
- 1 year return
- −9.2%
- Expense ratio
- 0.37%
- NAV
- ₹9.92
Which is better, Baroda BNP Paribas Focused or HDFC NIFTY Top 20 Equal Weight Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Baroda BNP Paribas Focused returned more over 1 year: −8.7% against −9.2%.
- HDFC NIFTY Top 20 Equal Weight Index costs less: 0.37% a year against 1.18% (Direct plans).
- HDFC NIFTY Top 20 Equal Weight Index fell less in its worst fall since 25-03-2025: −16.1% against −16.2%.
- HDFC NIFTY Top 20 Equal Weight Index holds more in large companies: 100.2% of the fund in large caps against 67.6%.
- Baroda BNP Paribas Focused is the larger fund: ₹520 Cr against ₹88 Cr.
- Their portfolios overlap 38.2%: 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 Focused Fund | HDFC NIFTY Top 20 Equal Weight Index Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | HDFC Mutual Fund |
| Category | Focused | Index |
| AUM | ₹520 Cr (30-09-2026) | ₹88 Cr (30-09-2026) |
| NAV | ₹23.10 (Direct) | ₹9.92 (Direct) |
| Expense ratio (Direct) | 1.18% | 0.37% |
| Expense ratio (Regular) | 2.95% | 0.84% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Top 20 Equal Weight TRI |
| Launch date | Not available | 25-03-2025 |
| Minimum investment | Not available | ₹100 |
| Lock in | Not available | None |
| Fund managers | Not available | Nandita Menezes, Arun Agarwal |
| Exit load | Not available | NIL |
Baroda BNP Paribas Focused vs HDFC NIFTY Top 20 Equal Weight Index: 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 Focused Fund (Direct) | −0.13% | −4.70% | −3.17% | −8.73% | +8.88% | -- | -- |
| HDFC NIFTY Top 20 Equal Weight Index Fund (Direct) | +3.83% | −3.77% | −0.40% | −9.19% | -- | -- | -- |
| Focused average | −1.00% | −4.12% | +1.39% | −3.09% | +12.30% | -- | -- |
Category average: the average of the 28 Focused funds, same plan type.
Baroda BNP Paribas Focused vs HDFC NIFTY Top 20 Equal Weight Index: Year-wise Returns
| Year | Baroda BNP Paribas FocusedBaroda BNP Paribas Focused | HDFC NIFTY Top 20 Equal Weight IndexHDFC NIFTY Top 20 Equal Weight Index |
|---|---|---|
| 2026to date | −9.78% | −10.45% |
| 2025 | +4.50% | -- |
| 2024 | +18.87% | -- |
| 2023 | +28.91% | -- |
Baroda BNP Paribas Focused vs HDFC NIFTY Top 20 Equal Weight Index: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Baroda BNP Paribas Focused Fund
Rolling returns
Every 1-year holding period, 147 of them, one for each trading day from 25-03-2026 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 Focused Fund (Direct)
HDFC NIFTY Top 20 Equal Weight Index Fund (Direct)
Nifty 500 TRI
to
Apr 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 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 Focused | 68.0 | 30.6 | 1.4 | 0.0 | 0.0 | 0.0 | 0.0 | −2.0% | −2.3% | −10.4% | 5.9% | 3% |
| HDFC NIFTY Top 20 Equal Weight Index | 82.3 | 15.6 | 2.0 | 0.0 | 0.0 | 0.0 | 0.0 | −4.1% | −4.7% | −11.5% | 6.3% | 0% |
| Nifty 500 TRI | 38.8 | 43.5 | 17.0 | 0.7 | 0.0 | 0.0 | 0.0 | 0.9% | 0.9% | −9.0% | 10.8% | -- |
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 500 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 25-03-2025. Past returns do not promise future returns.
Baroda BNP Paribas Focused vs HDFC NIFTY Top 20 Equal Weight Index: 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 03-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas FocusedBaroda BNP Paribas Focused Fund (Direct) | ₹2,00,000 | ₹1,92,724 | −₹7,276 | −4.2% |
| HDFC NIFTY Top 20 Equal Weight IndexHDFC NIFTY Top 20 Equal Weight Index Fund (Direct) | ₹2,00,000 | ₹1,93,798 | −₹6,202 | −3.6% |
Baroda BNP Paribas FocusedBaroda BNP Paribas Focused Fund (Direct)
HDFC NIFTY Top 20 Equal Weight IndexHDFC NIFTY Top 20 Equal Weight Index 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 Focused vs HDFC NIFTY Top 20 Equal Weight Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas Focused Fund (Direct) | HDFC NIFTY Top 20 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.73% | −9.19% |
| Standard deviation | 14.08% | 14.10% |
| Sharpe ratio | -0.99 | -1.02 |
| Sortino ratio | -1.29 | -1.38 |
| Maximum drawdown | −16.2% (31-03-2026) | −16.1% (30-03-2026) |
| Beta | 0.93 | 1.00 |
| Alpha | −2.29% | −0.35% |
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 Focused Fund (Direct) | HDFC NIFTY Top 20 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.89% | −0.46% |
| Standard deviation | 14.79% | 13.27% |
| Sharpe ratio | 0.26 | -0.44 |
| Sortino ratio | 0.35 | -0.61 |
| Maximum drawdown | −22.5% (03-03-2025) | −16.1% (30-03-2026) |
| Beta | 1.01 | 1.00 |
| Alpha | −0.79% | −0.39% |
From daily NAVs, 14-03-2022 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 Focused Fund (Direct)
HDFC NIFTY Top 20 Equal Weight Index Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Focused Fund (Direct) | −16.2% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.6% |
| HDFC NIFTY Top 20 Equal Weight Index Fund (Direct) | −16.1% | 05-12-2025 | 30-03-2026 | Not yet | -- | −10.9% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 25-03-2025, 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 Focused Fund (Direct)
HDFC NIFTY Top 20 Equal Weight Index Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Baroda BNP Paribas Focused Fund (Direct) | 113% | 122% | 4.24% |
| HDFC NIFTY Top 20 Equal Weight Index Fund (Direct) | 82% | 92% | 6.85% |
From month-end values since 25-03-2025. 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 Focused vs HDFC NIFTY Top 20 Equal Weight Index: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Focused Fund, September 2026; HDFC NIFTY Top 20 Equal Weight Index Fund, September 2026
Holdings in common
- Overlap
- 38.2%
- Held by both
- 9
- Only in Baroda BNP Paribas Focused
- 20
- Only in HDFC NIFTY Top 20 Equal Weight Index
- 11
| Security | % of Baroda BNP Paribas Focused | % of HDFC NIFTY Top 20 Equal Weight Index |
|---|---|---|
| Bharti Airtel Limited | 5.47% | 5.03% |
| State Bank of India | 5.97% | 4.99% |
| Larsen & Toubro Limited | 5.53% | 4.96% |
| Titan Company Limited | 5.16% | 4.81% |
| Mahindra & Mahindra Limited | 4.34% | 4.98% |
| ICICI Bank Limited | 4.11% | 5.10% |
| Sun Pharmaceutical Industries Limited | 4.08% | 5.02% |
| Axis Bank Limited | 3.39% | 5.12% |
| HDFC Bank Limited | 2.45% | 4.93% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.2% means 38.2% 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 Focused Fund
| Security | % of fund |
|---|---|
| One 97 Communications Limited | 4.64% |
| NHPC Limited | 4.41% |
| Eicher Motors Limited | 3.71% |
| Bharat Heavy Electricals Limited | 3.59% |
| Shriram Finance Limited | 3.57% |
Largest holdings only in HDFC NIFTY Top 20 Equal Weight Index Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Limited | 5.28% |
| Infosys Limited | 5.08% |
| Maruti Suzuki India Limited | 5.07% |
| NTPC Limited | 5.05% |
| Tata Consultancy Services Ltd. | 5.04% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Focused | HDFC NIFTY Top 20 Equal Weight Index |
|---|---|---|
| Equity | 95.3% | 100.2% |
| Debt | 1.9% | 0.0% |
| Cash and others | 2.8% | -0.2% |
Market cap of stocks
| Market cap | Baroda BNP Paribas Focused | HDFC NIFTY Top 20 Equal Weight Index |
|---|---|---|
| Large Cap | 67.6% | 100.2% |
| Mid Cap | 18.8% | 0.0% |
| Small Cap | 6.6% | 0.0% |
| Not on AMFI's list | 2.3% | 0.0% |
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 Focused | HDFC NIFTY Top 20 Equal Weight Index |
|---|---|---|
| Banks | 20.8% | 25.4% |
| IT - Software | 3.8% | 15.1% |
| Power | 10.4% | 5.0% |
| Automobiles | 8.1% | 10.1% |
| Diversified FMCG | 0.0% | 9.9% |
| Pharmaceuticals & Biotechnology | 6.4% | 5.0% |
| Financial Technology (Fintech) | 6.0% | 0.0% |
| Construction | 5.5% | 5.0% |
| Telecom - Services | 5.5% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas Focused vs HDFC NIFTY Top 20 Equal Weight Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Focused Fund | HDFC NIFTY Top 20 Equal Weight Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.18% | 0.37% |
| Base expense ratio (Direct) | 0.54% | 0.22% |
| Total expense ratio (Regular) | 2.95% | 0.84% |
| Base expense ratio (Regular) | 2.05% | 0.63% |
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
Baroda BNP Paribas Focused Fund vs HDFC NIFTY Top 20 Equal Weight Index Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Focused Fund and HDFC NIFTY Top 20 Equal Weight Index Fund?
Baroda BNP Paribas Focused Fund is a Focused fund, HDFC NIFTY Top 20 Equal Weight Index Fund is an Index fund, run by Baroda BNP Paribas Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 38.2%. Baroda BNP Paribas Focused Fund charges 1.18% a year and HDFC NIFTY Top 20 Equal Weight Index Fund 0.37%.
Which has given higher returns, Baroda BNP Paribas Focused Fund or HDFC NIFTY Top 20 Equal Weight Index Fund?
Over 1 year: Baroda BNP Paribas Focused Fund −8.73%, HDFC NIFTY Top 20 Equal Weight Index Fund −9.19%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Focused Fund or HDFC NIFTY Top 20 Equal Weight Index Fund?
HDFC NIFTY Top 20 Equal Weight Index Fund charges less: 0.37% a year against 1.18%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Focused Fund and HDFC NIFTY Top 20 Equal Weight Index Fund overlap?
38.2%. They hold 9 of the same securities, the largest shared ones being BHARTIARTL, SBIN, LT. From each fund's latest monthly portfolio.
Can I invest in both Baroda BNP Paribas Focused Fund and HDFC NIFTY Top 20 Equal Weight Index Fund?
Yes. 38.2% 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.