Baroda BNP Paribas Large Cap Fund vs HDFC NIFTY 100 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Large Cap Fund is a Large Cap fund and HDFC NIFTY 100 Index Fund is an Index fund. In the 3 years to 30-10-2026, Baroda BNP Paribas Large Cap Fund (Direct) returned 11.5% a year and HDFC NIFTY 100 Index Fund (Direct) returned 8.7% a year. Baroda BNP Paribas Large Cap Fund charges 0.88% a year and HDFC NIFTY 100 Index Fund 0.36% (Direct plans). Their portfolios overlap 58.5%: they hold 39 of the same securities.
Baroda BNP Paribas Large Cap Fund
Large Cap
- 3 year return
- 11.5%
- Expense ratio
- 0.88%
- NAV
- ₹248.38
HDFC NIFTY 100 Index Fund
Index
- 3 year return
- 8.7%
- Expense ratio
- 0.36%
- NAV
- ₹14.33
Which is better, Baroda BNP Paribas Large Cap or HDFC NIFTY 100 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 Large Cap returned more over 3 years: 11.5% a year against 8.7%.
- Baroda BNP Paribas Large Cap returned more over 1 year: −4.3% against −9.0%.
- HDFC NIFTY 100 Index costs less: 0.36% a year against 0.88% (Direct plans).
- Baroda BNP Paribas Large Cap swung less over 3 years: a standard deviation of 13.1% a year against 13.6%.
- HDFC NIFTY 100 Index fell less in its worst fall since 14-03-2022: −17.3% against −18.2%.
- HDFC NIFTY 100 Index holds more in large companies: 98.0% of the fund in large caps against 84.9%.
- Baroda BNP Paribas Large Cap is the larger fund: ₹2,465 Cr against ₹457 Cr.
- Their portfolios overlap 58.5%: 39 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 Large Cap Fund | HDFC NIFTY 100 Index Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | HDFC Mutual Fund |
| Category | Large Cap | Index |
| AUM | ₹2,465 Cr (30-09-2026) | ₹457 Cr (30-09-2026) |
| NAV | ₹248.38 (Direct) | ₹14.33 (Direct) |
| Expense ratio (Direct) | 0.88% | 0.36% |
| Expense ratio (Regular) | 2.07% | 0.81% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty 100 TRI |
| Launch date | Not available | 23-02-2022 |
| 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 Large Cap vs HDFC NIFTY 100 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 Large Cap Fund (Direct) | +0.98% | −4.00% | −2.19% | −4.29% | +11.48% | -- | -- |
| HDFC NIFTY 100 Index Fund (Direct) | +1.01% | −5.39% | −3.12% | −9.00% | +8.65% | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | -- | -- |
Category average: the average of the 35 Large Cap funds, same plan type.
Baroda BNP Paribas Large Cap vs HDFC NIFTY 100 Index: Year-wise Returns
| Year | Baroda BNP Paribas Large CapBaroda BNP Paribas Large Cap | HDFC NIFTY 100 IndexHDFC NIFTY 100 Index | Nifty 100 TRI |
|---|---|---|---|
| 2026to date | −5.40% | −9.57% | −9.32% |
| 2025 | +5.64% | +9.87% | +10.24% |
| 2024 | +21.53% | +12.39% | +12.95% |
| 2023 | +26.28% | +20.80% | +21.24% |
Baroda BNP Paribas Large Cap vs HDFC NIFTY 100 Index: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of both
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 Large Cap Fund (Direct)
HDFC NIFTY 100 Index Fund (Direct)
Nifty 100 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 Large Cap | 0.0 | 0.0 | 0.8 | 31.8 | 56.5 | 11.0 | 0.0 | 16.1% | 16.5% | 9.7% | 22.6% | 100% |
| HDFC NIFTY 100 Index | 0.0 | 0.0 | 15.5 | 66.3 | 18.3 | 0.0 | 0.0 | 12.8% | 13.1% | 6.7% | 19.0% | 0% |
| Nifty 100 TRI | 0.0 | 0.0 | 11.5 | 64.0 | 24.5 | 0.0 | 0.0 | 13.3% | 13.5% | 7.1% | 19.6% | -- |
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 100 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 Large Cap vs HDFC NIFTY 100 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 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 Large CapBaroda BNP Paribas Large Cap Fund (Direct) | ₹5,60,000 | ₹6,80,156 | ₹1,20,156 | 8.3% |
| HDFC NIFTY 100 IndexHDFC NIFTY 100 Index Fund (Direct) | ₹5,60,000 | ₹6,33,628 | ₹73,628 | 5.2% |
Baroda BNP Paribas Large CapBaroda BNP Paribas Large Cap Fund (Direct)
HDFC NIFTY 100 IndexHDFC NIFTY 100 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 Large Cap vs HDFC NIFTY 100 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas Large Cap Fund (Direct) | HDFC NIFTY 100 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.29% | −9.00% |
| Standard deviation | 13.07% | 13.87% |
| Sharpe ratio | -0.73 | -1.03 |
| Sortino ratio | -0.97 | -1.37 |
| Maximum drawdown | −12.9% (31-03-2026) | −15.0% (31-03-2026) |
| Beta | 0.92 | 1.00 |
| Alpha | +3.28% | −0.33% |
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 Large Cap Fund (Direct) | HDFC NIFTY 100 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.48% | +8.65% |
| Standard deviation | 13.09% | 13.63% |
| Sharpe ratio | 0.42 | 0.19 |
| Sortino ratio | 0.57 | 0.27 |
| Maximum drawdown | −18.2% (28-02-2025) | −17.3% (28-02-2025) |
| Beta | 0.94 | 1.00 |
| Alpha | +2.58% | −0.42% |
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 Large Cap Fund (Direct) | HDFC NIFTY 100 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.71% | +8.00% |
| Standard deviation | 12.65% | 13.63% |
| Sharpe ratio | 0.45 | 0.15 |
| Sortino ratio | 0.62 | 0.21 |
| Maximum drawdown | −18.2% (28-02-2025) | −17.3% (28-02-2025) |
| Beta | 0.93 | 1.00 |
| Alpha | +3.09% | −0.44% |
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 Large Cap Fund (Direct)
HDFC NIFTY 100 Index Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Large Cap Fund (Direct) | −18.2% | 27-09-2024 | 28-02-2025 | Not yet | -- | −8.6% |
| HDFC NIFTY 100 Index Fund (Direct) | −17.3% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.7% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
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 Large Cap Fund (Direct)
HDFC NIFTY 100 Index Fund (Direct)
Nifty 100 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 Large Cap Fund (Direct)
HDFC NIFTY 100 Index Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Baroda BNP Paribas Large Cap Fund (Direct) | 104% | 89% | 3.01% |
| HDFC NIFTY 100 Index Fund (Direct) | 99% | 100% | 0.10% |
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 Large Cap vs HDFC NIFTY 100 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Large Cap Fund, September 2026; HDFC NIFTY 100 Index Fund, September 2026
Holdings in common
- Overlap
- 58.5%
- Held by both
- 39
- Only in Baroda BNP Paribas Large Cap
- 14
- Only in HDFC NIFTY 100 Index
- 61
| Security | % of Baroda BNP Paribas Large Cap | % of HDFC NIFTY 100 Index |
|---|---|---|
| ICICI Bank Limited | 6.13% | 7.35% |
| HDFC Bank Limited | 5.69% | 8.42% |
| Reliance Industries Limited | 5.42% | 6.15% |
| Bharti Airtel Limited | 3.91% | 4.14% |
| Larsen & Toubro Limited | 4.32% | 3.41% |
| State Bank of India | 3.01% | 3.07% |
| Infosys Limited | 2.54% | 2.72% |
| Kotak Mahindra Bank Limited | 3.04% | 2.38% |
| Eternal Limited | 3.15% | 1.80% |
| Tata Consultancy Services Limited | 1.65% | 1.62% |
| Sun Pharmaceutical Industries Limited | 2.32% | 1.49% |
| Titan Company Limited | 1.51% | 1.47% |
| Bajaj Finance Limited | 1.40% | 2.03% |
| ITC Limited | 1.34% | 1.96% |
| Hindustan Unilever Limited | 1.37% | 1.29% |
| NTPC Limited | 2.00% | 1.19% |
| Maruti Suzuki India Limited | 1.18% | 1.21% |
| Axis Bank Limited | 1.12% | 2.73% |
| Bharat Electronics Limited | 1.11% | 1.08% |
| UltraTech Cement Limited | 1.64% | 1.01% |
| JSW Steel Limited | 1.24% | 0.94% |
| Divi's Laboratories Limited | 2.78% | 0.92% |
| Power Grid Corporation of India Limited | 1.14% | 0.91% |
| Bajaj Finserv Limited | 1.01% | 0.78% |
| Eicher Motors Limited | 1.57% | 0.76% |
| Tech Mahindra Limited | 2.23% | 0.75% |
| Nestle India Limited | 1.72% | 0.73% |
| Tata Motors Ltd | 1.15% | 0.68% |
| Torrent Pharmaceuticals Limited | 1.23% | 0.55% |
| Vedanta Aluminium Metal Limited | 1.51% | 0.54% |
| Tata Power Company Limited | 0.79% | 0.47% |
| Varun Beverages Limited | 1.06% | 0.46% |
| Bosch Limited | 1.86% | 0.32% |
| Hitachi Energy India Limited | 4.70% | 0.30% |
| Punjab National Bank | 1.65% | 0.30% |
| Coal India Limited | 0.23% | 0.79% |
| Hindustan Zinc Limited | 1.86% | 0.21% |
| Tata Capital Limited | 1.80% | 0.14% |
| Shriram Finance Limited | 0.06% | 1.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 58.5% means 58.5% 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 Large Cap Fund
| Security | % of fund |
|---|---|
| Bharat Heavy Electricals Limited | 2.28% |
| Hero MotoCorp Limited | 1.34% |
| LG Electronics India Ltd | 1.32% |
| United Spirits Limited | 1.09% |
| Life Insurance Corporation Of India | 1.08% |
Largest holdings only in HDFC NIFTY 100 Index Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Ltd. | 2.04% |
| Tata Steel Ltd. | 1.19% |
| Adani Ports & Special Economic Zone | 1.09% |
| Hindalco Industries Ltd. | 1.06% |
| HCL Technologies Ltd. | 1.00% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Large Cap | HDFC NIFTY 100 Index |
|---|---|---|
| Equity | 97.0% | 100.1% |
| Debt | 1.1% | 0.0% |
| Cash and others | 1.9% | -0.1% |
Market cap of stocks
| Market cap | Baroda BNP Paribas Large Cap | HDFC NIFTY 100 Index |
|---|---|---|
| Large Cap | 84.9% | 98.0% |
| Mid Cap | 11.3% | 2.0% |
| Small Cap | 0.0% | 0.0% |
| Not on AMFI's list | 0.8% | 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 Large Cap | HDFC NIFTY 100 Index |
|---|---|---|
| Banks | 21.6% | 25.1% |
| IT - Software | 7.5% | 6.7% |
| Petroleum Products | 5.4% | 7.0% |
| Electrical Equipment | 7.0% | 1.5% |
| Automobiles | 4.1% | 6.4% |
| Pharmaceuticals & Biotechnology | 6.3% | 4.3% |
| Finance | 4.3% | 6.2% |
| Power | 4.9% | 3.9% |
| Telecom - Services | 3.9% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas Large Cap vs HDFC NIFTY 100 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Large Cap Fund | HDFC NIFTY 100 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.88% | 0.36% |
| Base expense ratio (Direct) | 0.69% | 0.25% |
| Total expense ratio (Regular) | 2.07% | 0.81% |
| Base expense ratio (Regular) | 1.70% | 0.64% |
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 Large Cap Fund vs HDFC NIFTY 100 Index Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Large Cap Fund and HDFC NIFTY 100 Index Fund?
Baroda BNP Paribas Large Cap Fund is a Large Cap fund, HDFC NIFTY 100 Index Fund is an Index fund, run by Baroda BNP Paribas Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 58.5%. Baroda BNP Paribas Large Cap Fund charges 0.88% a year and HDFC NIFTY 100 Index Fund 0.36%.
Which has given higher returns, Baroda BNP Paribas Large Cap Fund or HDFC NIFTY 100 Index Fund?
Over 1 year: Baroda BNP Paribas Large Cap Fund −4.29%, HDFC NIFTY 100 Index Fund −9.00%. Over 3 years: Baroda BNP Paribas Large Cap Fund +11.48% a year, HDFC NIFTY 100 Index Fund +8.65% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Large Cap Fund or HDFC NIFTY 100 Index Fund?
HDFC NIFTY 100 Index Fund charges less: 0.36% a year against 0.88%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Large Cap Fund and HDFC NIFTY 100 Index Fund overlap?
58.5%. They hold 39 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, Baroda BNP Paribas Large Cap Fund or HDFC NIFTY 100 Index Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,84,335 in Baroda BNP Paribas Large Cap Fund (XIRR 2.4% a year) and ₹3,71,127 in HDFC NIFTY 100 Index Fund (XIRR 0.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Baroda BNP Paribas Large Cap Fund and HDFC NIFTY 100 Index Fund?
Yes. 58.5% of each fund's money sits in the same holdings, so a large part 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.