Baroda BNP Paribas Manufacturing Fund vs SBI MNC Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Manufacturing Fund is a Thematic fund and SBI MNC Fund is a Thematic fund. In the year to 30-10-2026, Baroda BNP Paribas Manufacturing Fund (Direct) returned 2.2% and SBI MNC Fund (Direct) returned 8.2%. Baroda BNP Paribas Manufacturing Fund charges 1.32% a year and SBI MNC Fund 1.38% (Direct plans). Their portfolios overlap 31.0%: they hold 13 of the same securities.
Baroda BNP Paribas Manufacturing Fund
Thematic
- 1 year return
- 2.2%
- Expense ratio
- 1.32%
- NAV
- ₹10.37
Which is better, Baroda BNP Paribas Manufacturing or SBI MNC? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI MNC returned more over 1 year: 8.2% against 2.2%.
- Baroda BNP Paribas Manufacturing costs less: 1.32% a year against 1.38% (Direct plans).
- SBI MNC fell less in its worst fall since 03-07-2024: −15.4% against −22.0%.
- Baroda BNP Paribas Manufacturing holds more in large companies: 59.3% of the fund in large caps against 39.4%.
- SBI MNC is the larger fund: ₹6,381 Cr against ₹783 Cr.
- Their portfolios overlap 31.0%: 13 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 Manufacturing Fund | SBI MNC Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹783 Cr (30-09-2026) | ₹6,381 Cr (30-09-2026) |
| NAV | ₹10.37 (Direct) | ₹426.23 (Direct) |
| Expense ratio (Direct) | 1.32% | 1.38% |
| Expense ratio (Regular) | 2.44% | 2.01% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty MNC TRI |
| Launch date | Not available | 30-09-1994 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Tanmaya Desai |
| Exit load | Not available | Exit load of 1%, if redeemed within 30 days. |
Baroda BNP Paribas Manufacturing vs SBI MNC: 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 Manufacturing Fund (Direct) | −4.98% | −7.72% | −5.10% | +2.19% | -- | -- | -- |
| SBI MNC Fund (Direct) | −3.81% | −4.09% | +4.19% | +8.18% | +6.75% | +6.99% | +10.86% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Baroda BNP Paribas Manufacturing vs SBI MNC: Year-wise Returns
| Year | Baroda BNP Paribas ManufacturingBaroda BNP Paribas Manufacturing | SBI MNCSBI MNC |
|---|---|---|
| 2026to date | +0.30% | +9.20% |
| 2025 | +8.79% | −4.98% |
| 2024 | -- | +8.94% |
| 2023 | -- | +24.36% |
| 2022 | -- | −5.02% |
| 2021 | -- | +40.71% |
Baroda BNP Paribas Manufacturing vs SBI MNC: Rolling Returns
Every holding period of both funds, against Nifty India Manufacturing TRI, the benchmark of Baroda BNP Paribas Manufacturing Fund
Rolling returns
Every 1-year holding period, 326 of them, one for each trading day from 03-07-2025 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 Manufacturing Fund (Direct)
SBI MNC Fund (Direct)
Nifty India Manufacturing TRI
to
Aug 2025Nov 2024
to
Nov 2025Jan 2025
to
Jan 2026Apr 2025
to
Apr 2026Jul 2025
to
Jul 2026Sept 2025
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 Manufacturing | 19.0 | 10.4 | 17.5 | 22.7 | 14.7 | 13.2 | 2.5 | 10.2% | 10.7% | −6.0% | 29.8% | 63% |
| SBI MNC | 43.8 | 18.4 | 20.5 | 6.6 | 9.1 | 1.5 | 0.0 | 3.0% | 1.6% | −9.2% | 21.0% | 24% |
| Nifty India Manufacturing TRI | 20.2 | 10.4 | 16.0 | 30.1 | 14.4 | 6.7 | 2.1 | 9.3% | 10.6% | −6.6% | 29.7% | -- |
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 India Manufacturing 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 03-07-2024. Past returns do not promise future returns.
Baroda BNP Paribas Manufacturing vs SBI MNC: 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 03-07-2024 to 30-10-2026: 28 instalments, ₹2,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas ManufacturingBaroda BNP Paribas Manufacturing Fund (Direct) | ₹2,80,000 | ₹2,90,154 | ₹10,154 | 3.0% |
| SBI MNCSBI MNC Fund (Direct) | ₹2,80,000 | ₹2,96,873 | ₹16,873 | 4.9% |
Baroda BNP Paribas ManufacturingBaroda BNP Paribas Manufacturing Fund (Direct)
SBI MNCSBI MNC 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 Manufacturing vs SBI MNC: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas Manufacturing Fund (Direct) | SBI MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.19% | +8.18% |
| Standard deviation | 14.97% | 14.15% |
| Sharpe ratio | -0.20 | 0.21 |
| Sortino ratio | -0.27 | 0.29 |
| Maximum drawdown | −13.9% (23-10-2026) | −12.4% (23-10-2026) |
| Beta | 0.91 | 0.81 |
| Alpha | +3.25% | +11.19% |
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 Manufacturing Fund (Direct) | SBI MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.37% | +14.10% |
| Standard deviation | 14.49% | 12.46% |
| Sharpe ratio | -0.30 | 0.65 |
| Sortino ratio | -0.40 | 0.89 |
| Maximum drawdown | −22.0% (28-02-2025) | −27.5% (23-03-2020) |
| Beta | 0.87 | 0.65 |
| Alpha | −0.48% | +3.15% |
From daily NAVs, 03-07-2024 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 Manufacturing Fund (Direct)
SBI MNC Fund (Direct)
Nifty India Manufacturing TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Manufacturing Fund (Direct) | −22.0% | 27-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −12.1% |
| SBI MNC Fund (Direct) | −15.4% | 23-09-2024 | 07-04-2025 | 07-05-2026 | 13 months | −8.6% |
| Nifty India Manufacturing TRI | −23.0% | 27-09-2024 | 07-04-2025 | 05-01-2026 | 9 months | −10.5% |
From daily values since 03-07-2024, 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 Manufacturing Fund (Direct)
SBI MNC Fund (Direct)
Nifty India Manufacturing TRI
Against Nifty India Manufacturing TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Baroda BNP Paribas Manufacturing Fund (Direct) | 96% | 92% | 4.59% |
| SBI MNC Fund (Direct) | 77% | 72% | 8.45% |
From month-end values since 03-07-2024. 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 Manufacturing vs SBI MNC: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Manufacturing Fund, September 2026; SBI MNC Fund, September 2026
Holdings in common
- Overlap
- 31.0%
- Held by both
- 13
- Only in Baroda BNP Paribas Manufacturing
- 29
- Only in SBI MNC
- 32
| Security | % of Baroda BNP Paribas Manufacturing | % of SBI MNC |
|---|---|---|
| Divi's Laboratories Limited | 7.72% | 5.82% |
| Sun Pharmaceutical Industries Limited | 4.80% | 3.42% |
| Vedanta Aluminium Metal Limited | 3.23% | 3.88% |
| Bosch Limited | 2.44% | 4.13% |
| Cummins India Limited | 2.43% | 4.77% |
| ABB India Limited | 2.16% | 3.19% |
| Navin Fluorine International Limited | 2.11% | 3.62% |
| Hyundai Motor India Ltd | 1.95% | 2.67% |
| Maruti Suzuki India Limited | 2.14% | 1.88% |
| Bharat Forge Limited | 1.72% | 1.81% |
| Tenneco Clean Air India Limited | 1.34% | 2.18% |
| ZF Commercial Vehicle Control Systems India Limited | 2.26% | 1.32% |
| Aequs Limited | 1.80% | 1.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 31.0% means 31.0% 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 Manufacturing Fund
| Security | % of fund |
|---|---|
| Hitachi Energy India Limited | 5.87% |
| Bharat Heavy Electricals Limited | 5.73% |
| Reliance Industries Limited | 5.22% |
| Mahindra & Mahindra Limited | 3.22% |
| Hindustan Zinc Limited | 3.14% |
Largest holdings only in SBI MNC Fund
| Security | % of fund |
|---|---|
| Sona Blw Precision Forgings Ltd. | 3.90% |
| Aether Industries Ltd. | 3.20% |
| Anthem Biosciences Ltd. | 2.96% |
| Siemens Ltd. | 2.92% |
| Aurobindo Pharma Ltd. | 2.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Manufacturing | SBI MNC |
|---|---|---|
| Equity | 94.7% | 96.3% |
| Debt | 1.9% | 0.3% |
| Cash and others | 3.4% | 3.4% |
Market cap of stocks
| Market cap | Baroda BNP Paribas Manufacturing | SBI MNC |
|---|---|---|
| Large Cap | 59.3% | 39.4% |
| Mid Cap | 19.1% | 24.1% |
| Small Cap | 16.3% | 31.9% |
| Not on AMFI's list | 0.0% | 0.8% |
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 Manufacturing | SBI MNC |
|---|---|---|
| Pharmaceuticals & Biotechnology | 17.1% | 21.3% |
| Auto Components | 9.0% | 17.6% |
| Electrical Equipment | 13.8% | 6.1% |
| Automobiles | 13.5% | 4.5% |
| Chemicals & Petrochemicals | 6.0% | 11.0% |
| Non - Ferrous Metals | 9.3% | 3.9% |
| Industrial Products | 3.1% | 8.4% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas Manufacturing vs SBI MNC: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Manufacturing Fund | SBI MNC Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.32% | 1.38% |
| Base expense ratio (Direct) | 1.01% | 1.03% |
| Total expense ratio (Regular) | 2.44% | 2.01% |
| Base expense ratio (Regular) | 1.97% | 1.57% |
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.
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Baroda BNP Paribas Manufacturing Fund vs SBI MNC Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Manufacturing Fund and SBI MNC Fund?
Baroda BNP Paribas Manufacturing Fund is a Thematic fund, SBI MNC Fund is a Thematic fund, run by Baroda BNP Paribas Mutual Fund and SBI Mutual Fund. Their portfolios overlap 31.0%. Baroda BNP Paribas Manufacturing Fund charges 1.32% a year and SBI MNC Fund 1.38%.
Which has given higher returns, Baroda BNP Paribas Manufacturing Fund or SBI MNC Fund?
Over 1 year: Baroda BNP Paribas Manufacturing Fund +2.19%, SBI MNC Fund +8.18%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Manufacturing Fund or SBI MNC Fund?
Baroda BNP Paribas Manufacturing Fund charges less: 1.32% a year against 1.38%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Manufacturing Fund and SBI MNC Fund overlap?
31.0%. They hold 13 of the same securities, the largest shared ones being DIVISLAB, SUNPHARMA, VAML-BE. From each fund's latest monthly portfolio.
Can I invest in both Baroda BNP Paribas Manufacturing Fund and SBI MNC Fund?
Yes. 31.0% 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.