Baroda BNP Paribas Focused Fund vs LIC MF Large Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Focused Fund is a Focused fund and LIC MF Large Cap Fund is a Large Cap fund. In the 3 years to 30-10-2026, Baroda BNP Paribas Focused Fund (Direct) returned 8.9% a year and LIC MF Large Cap Fund (Direct) returned 8.0% a year. Baroda BNP Paribas Focused Fund charges 1.18% a year and LIC MF Large Cap Fund 1.38% (Direct plans). Their portfolios overlap 38.7%: they hold 14 of the same securities.
Baroda BNP Paribas Focused Fund
Focused
- 3 year return
- 8.9%
- Expense ratio
- 1.18%
- NAV
- ₹23.10
Which is better, Baroda BNP Paribas Focused or LIC MF Large Cap? 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 3 years: 8.9% a year against 8.0%.
- Baroda BNP Paribas Focused returned more over 1 year: −8.7% against −10.6%.
- Baroda BNP Paribas Focused costs less: 1.18% a year against 1.38% (Direct plans).
- LIC MF Large Cap swung less over 3 years: a standard deviation of 13.8% a year against 15.9%.
- LIC MF Large Cap fell less in its worst fall since 14-03-2022: −18.2% against −22.5%.
- LIC MF Large Cap holds more in large companies: 82.4% of the fund in large caps against 67.6%.
- LIC MF Large Cap is the larger fund: ₹1,302 Cr against ₹520 Cr.
- Their portfolios overlap 38.7%: 14 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 | LIC MF Large Cap Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | LIC Mutual Fund |
| Category | Focused | Large Cap |
| AUM | ₹520 Cr (30-09-2026) | ₹1,302 Cr (30-09-2026) |
| NAV | ₹23.10 (Direct) | ₹58.67 (Direct) |
| Expense ratio (Direct) | 1.18% | 1.38% |
| Expense ratio (Regular) | 2.95% | 2.49% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty 100 TRI |
| Launch date | Not available | 01-09-1994 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Sumit Bhatnagar |
| Exit load | Not available | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months. |
Baroda BNP Paribas Focused vs LIC MF Large Cap: 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% | -- | -- |
| LIC MF Large Cap Fund (Direct) | −0.72% | −5.25% | −1.83% | −10.55% | +7.96% | +5.19% | +10.17% |
| Focused average | −1.00% | −4.12% | +1.39% | −3.09% | +12.30% | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
Category average: the average of the 28 Focused funds and the 35 Large Cap funds, same plan type.
Baroda BNP Paribas Focused vs LIC MF Large Cap: Year-wise Returns
| Year | Baroda BNP Paribas FocusedBaroda BNP Paribas Focused | LIC MF Large CapLIC MF Large Cap |
|---|---|---|
| 2026to date | −9.78% | −10.42% |
| 2025 | +4.50% | +7.16% |
| 2024 | +18.87% | +15.59% |
| 2023 | +28.91% | +18.06% |
| 2022 | -- | −0.42% |
| 2021 | -- | +25.67% |
Baroda BNP Paribas Focused vs LIC MF Large Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Baroda BNP Paribas Focused Fund
Rolling returns
Every 3-year holding period, 400 of them, one for each trading day from 17-03-2025 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)
LIC MF Large Cap Fund (Direct)
Nifty 500 TRI
to
May 2025Aug 2022
to
Aug 2025Nov 2022
to
Nov 2025Mar 2023
to
Mar 2026Jun 2023
to
Jun 2026Sept 2023
to
Sept 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 | 0.0 | 0.0 | 9.5 | 41.5 | 43.5 | 5.5 | 0.0 | 14.4% | 14.9% | 6.9% | 21.7% | 17% |
| LIC MF Large Cap | 0.0 | 0.0 | 32.8 | 55.0 | 12.3 | 0.0 | 0.0 | 11.9% | 12.3% | 6.5% | 18.5% | 0% |
| Nifty 500 TRI | 0.0 | 0.0 | 4.8 | 33.3 | 54.8 | 7.2 | 0.0 | 15.4% | 15.6% | 8.8% | 22.3% | -- |
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 14-03-2022. Past returns do not promise future returns.
Baroda BNP Paribas Focused vs LIC MF Large Cap: 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 14-03-2022 to 30-10-2026: 56 instalments, ₹5,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas FocusedBaroda BNP Paribas Focused Fund (Direct) | ₹5,60,000 | ₹6,41,178 | ₹81,178 | 5.8% |
| LIC MF Large CapLIC MF Large Cap Fund (Direct) | ₹5,60,000 | ₹6,19,460 | ₹59,460 | 4.3% |
Baroda BNP Paribas FocusedBaroda BNP Paribas Focused Fund (Direct)
LIC MF Large CapLIC MF Large Cap 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 LIC MF Large Cap: 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) | LIC MF Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.73% | −10.55% |
| Standard deviation | 14.08% | 14.33% |
| Sharpe ratio | -0.99 | -1.10 |
| Sortino ratio | -1.29 | -1.46 |
| Maximum drawdown | −16.2% (31-03-2026) | −16.1% (31-03-2026) |
| Beta | 0.93 | 1.01 |
| Alpha | −2.29% | −1.71% |
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) | LIC MF Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.88% | +7.96% |
| Standard deviation | 15.90% | 13.81% |
| Sharpe ratio | 0.18 | 0.14 |
| Sortino ratio | 0.24 | 0.19 |
| Maximum drawdown | −22.5% (03-03-2025) | −18.2% (28-02-2025) |
| Beta | 1.05 | 0.99 |
| Alpha | −1.55% | −1.09% |
From daily NAVs, 30-10-2023 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) | LIC MF Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.89% | +11.22% |
| Standard deviation | 14.79% | 15.08% |
| Sharpe ratio | 0.26 | 0.34 |
| Sortino ratio | 0.35 | 0.47 |
| Maximum drawdown | −22.5% (03-03-2025) | −33.1% (23-03-2020) |
| Beta | 1.01 | 0.92 |
| Alpha | −0.79% | −0.29% |
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)
LIC MF Large Cap 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) | −22.5% | 26-09-2024 | 03-03-2025 | Not yet | -- | −13.7% |
| LIC MF Large Cap Fund (Direct) | −18.2% | 26-09-2024 | 28-02-2025 | Not yet | -- | −11.9% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 14-03-2022, 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)
LIC MF Large Cap Fund (Direct)
Nifty 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Baroda BNP Paribas Focused Fund (Direct)
LIC MF Large Cap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Baroda BNP Paribas Focused Fund (Direct) | 103% | 109% | 4.79% |
| LIC MF Large Cap Fund (Direct) | 89% | 104% | 3.04% |
From month-end values since 14-03-2022. 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 LIC MF Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Focused Fund, September 2026; LIC MF Large Cap Fund, September 2026
Holdings in common
- Overlap
- 38.7%
- Held by both
- 14
- Only in Baroda BNP Paribas Focused
- 15
- Only in LIC MF Large Cap
- 29
| Security | % of Baroda BNP Paribas Focused | % of LIC MF Large Cap |
|---|---|---|
| Larsen & Toubro Limited | 5.53% | 5.41% |
| Bharti Airtel Limited | 5.47% | 4.44% |
| ICICI Bank Limited | 4.11% | 9.39% |
| State Bank of India | 5.97% | 3.88% |
| Axis Bank Limited | 3.39% | 4.10% |
| HDFC Bank Limited | 2.45% | 6.22% |
| Eicher Motors Limited | 3.71% | 2.41% |
| Titan Company Limited | 5.16% | 2.33% |
| Shriram Finance Limited | 3.57% | 2.08% |
| Sun Pharmaceutical Industries Limited | 4.08% | 1.86% |
| Persistent Systems Limited | 2.74% | 1.76% |
| Mahindra & Mahindra Limited | 4.34% | 1.67% |
| Bharat Electronics Limited | 3.36% | 1.62% |
| Hitachi Energy India Limited | 1.32% | 2.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.7% means 38.7% 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% |
| Bharat Heavy Electricals Limited | 3.59% |
| Navin Fluorine International Limited | 3.28% |
| Polycab India Limited | 3.19% |
Largest holdings only in LIC MF Large Cap Fund
| Security | % of fund |
|---|---|
| Eternal Ltd. | 3.59% |
| SBI Life Insurance Company Ltd. | 2.61% |
| Bajaj Finance Ltd. | 2.55% |
| Divi's Laboratories Ltd. | 2.54% |
| InterGlobe Aviation Ltd. | 2.54% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Focused | LIC MF Large Cap |
|---|---|---|
| Equity | 95.3% | 97.5% |
| Debt | 1.9% | 0.0% |
| Cash and others | 2.8% | 2.5% |
Market cap of stocks
| Market cap | Baroda BNP Paribas Focused | LIC MF Large Cap |
|---|---|---|
| Large Cap | 67.6% | 82.4% |
| Mid Cap | 18.8% | 9.2% |
| Small Cap | 6.6% | 1.7% |
| Not on AMFI's list | 2.3% | 4.3% |
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 Focused | LIC MF Large Cap |
|---|---|---|
| Banks | 20.8% | 24.7% |
| Power | 10.4% | 1.4% |
| Automobiles | 8.1% | 8.2% |
| Retailing | 0.0% | 7.0% |
| Finance | 3.6% | 6.6% |
| Pharmaceuticals & Biotechnology | 6.4% | 4.4% |
| Financial Technology (Fintech) | 6.0% | 0.0% |
| Construction | 5.5% | 5.4% |
| Telecom - Services | 5.5% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas Focused vs LIC MF Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Focused Fund | LIC MF Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.18% | 1.38% |
| Base expense ratio (Direct) | 0.54% | 0.88% |
| Total expense ratio (Regular) | 2.95% | 2.49% |
| Base expense ratio (Regular) | 2.05% | 1.86% |
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 Focused with
Baroda BNP Paribas Focused Fund vs LIC MF Large Cap Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Focused Fund and LIC MF Large Cap Fund?
Baroda BNP Paribas Focused Fund is a Focused fund, LIC MF Large Cap Fund is a Large Cap fund, run by Baroda BNP Paribas Mutual Fund and LIC Mutual Fund. Their portfolios overlap 38.7%. Baroda BNP Paribas Focused Fund charges 1.18% a year and LIC MF Large Cap Fund 1.38%.
Which has given higher returns, Baroda BNP Paribas Focused Fund or LIC MF Large Cap Fund?
Over 1 year: Baroda BNP Paribas Focused Fund −8.73%, LIC MF Large Cap Fund −10.55%. Over 3 years: Baroda BNP Paribas Focused Fund +8.88% a year, LIC MF Large Cap Fund +7.96% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Focused Fund or LIC MF Large Cap Fund?
Baroda BNP Paribas Focused Fund charges less: 1.18% a year against 1.38%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Focused Fund and LIC MF Large Cap Fund overlap?
38.7%. They hold 14 of the same securities, the largest shared ones being LT, BHARTIARTL, ICICIBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Baroda BNP Paribas Focused Fund or LIC MF Large Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,66,630 in Baroda BNP Paribas Focused Fund (XIRR -0.6% a year) and ₹3,66,963 in LIC MF Large Cap Fund (XIRR -0.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Baroda BNP Paribas Focused Fund and LIC MF Large Cap Fund?
Yes. 38.7% 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.