Baroda BNP Paribas Money Market Fund vs Baroda BNP Paribas Ultra Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Money Market Fund is a Money Market fund and Baroda BNP Paribas Ultra Short Term Fund is an Ultra Short fund. In the 3 years to 30-10-2026, Baroda BNP Paribas Money Market Fund (Direct) returned 7.2% a year and Baroda BNP Paribas Ultra Short Term Fund (Direct) returned 7.1% a year. Baroda BNP Paribas Money Market Fund charges 0.17% a year and Baroda BNP Paribas Ultra Short Term Fund 0.29% (Direct plans). Their portfolios overlap 18.0%: they hold 13 of the same securities.
Baroda BNP Paribas Money Market Fund
Money Market
- 3 year return
- 7.2%
- Expense ratio
- 0.17%
- NAV
- ₹1,521.59
Baroda BNP Paribas Ultra Short Term Fund
Ultra Short
- 3 year return
- 7.1%
- Expense ratio
- 0.29%
- NAV
- ₹1,697.73
Which is better, Baroda BNP Paribas Money Market or Baroda BNP Paribas Ultra Short Term? 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 Ultra Short Term returned more over 5 years: 6.7% a year against 6.5%.
- Baroda BNP Paribas Money Market returned more over 3 years: 7.2% a year against 7.1%.
- Baroda BNP Paribas Money Market costs less: 0.17% a year against 0.29% (Direct plans).
- Baroda BNP Paribas Ultra Short Term swung less over 3 years: a standard deviation of 0.4% a year against 0.4%.
- Baroda BNP Paribas Money Market fell less in its worst fall since 20-06-2019: −0.2% against −1.0%.
- Baroda BNP Paribas Money Market is the larger fund: ₹3,393 Cr against ₹596 Cr.
- Their portfolios overlap 18.0%: 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 Money Market Fund | Baroda BNP Paribas Ultra Short Term Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | Baroda BNP Paribas Mutual Fund |
| Category | Money Market | Ultra Short |
| AUM | ₹3,393 Cr (30-09-2026) | ₹596 Cr (30-09-2026) |
| NAV | ₹1,521.59 (Direct) | ₹1,697.73 (Direct) |
| Expense ratio (Direct) | 0.17% | 0.29% |
| Expense ratio (Regular) | 0.40% | 0.44% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Not available |
| Launch date | Not available | Not available |
| Minimum investment | Not available | Not available |
| Lock in | Not available | Not available |
| Fund managers | Not available | Not available |
| Exit load | Not available | Not available |
Baroda BNP Paribas Money Market vs Baroda BNP Paribas Ultra Short Term: 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 Money Market Fund (Direct) | +0.32% | +1.50% | +3.30% | +6.31% | +7.18% | +6.50% | -- |
| Baroda BNP Paribas Ultra Short Term Fund (Direct) | +0.31% | +1.46% | +3.25% | +6.38% | +7.14% | +6.68% | -- |
| Money Market average | +0.33% | +1.49% | +3.29% | +6.35% | +7.24% | +6.68% | -- |
| Ultra Short average | +0.30% | +1.34% | +3.06% | +6.00% | +6.82% | +6.27% | -- |
Category average: the average of the 27 Money Market funds and the 26 Ultra Short funds, same plan type.
Baroda BNP Paribas Money Market vs Baroda BNP Paribas Ultra Short Term: Year-wise Returns
| Year | Money MarketBaroda BNP Paribas Money Market | Ultra Short TermBaroda BNP Paribas Ultra Short Term |
|---|---|---|
| 2026to date | +5.24% | +5.33% |
| 2025 | +7.56% | +7.20% |
| 2024 | +7.55% | +7.68% |
| 2023 | +7.09% | +7.40% |
| 2022 | +4.41% | +5.06% |
| 2021 | +3.20% | +3.90% |
Baroda BNP Paribas Money Market vs Baroda BNP Paribas Ultra Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,057 of them, one for each trading day from 20-06-2022 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 Money Market Fund (Direct)
Baroda BNP Paribas Ultra Short Term Fund (Direct)
to
Oct 2022Jul 2020
to
Jul 2023Apr 2021
to
Apr 2024Jan 2022
to
Jan 2025Oct 2022
to
Oct 2025Jun 2023
to
Jun 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Money Market | 0.0 | 37.1 | 62.9 | 0.0 | 0.0 | 0.0 | 0.0 | 5.8% | 5.9% | 3.9% | 7.5% |
| Baroda BNP Paribas Ultra Short Term | 0.0 | 25.3 | 74.7 | 0.0 | 0.0 | 0.0 | 0.0 | 6.2% | 6.3% | 4.7% | 7.5% |
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. Every fund is measured over the days all of them have, from 20-06-2019. Past returns do not promise future returns.
Baroda BNP Paribas Money Market vs Baroda BNP Paribas Ultra Short Term: 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 20-06-2019 to 30-10-2026: 89 instalments, ₹8,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas Money MarketBaroda BNP Paribas Money Market Fund (Direct) | ₹8,90,000 | ₹11,30,074 | ₹2,40,074 | 6.3% |
| Baroda BNP Paribas Ultra Short TermBaroda BNP Paribas Ultra Short Term Fund (Direct) | ₹8,90,000 | ₹11,38,525 | ₹2,48,525 | 6.5% |
Baroda BNP Paribas Money MarketBaroda BNP Paribas Money Market Fund (Direct)
Baroda BNP Paribas Ultra Short TermBaroda BNP Paribas Ultra Short Term 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 Money Market vs Baroda BNP Paribas Ultra Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas Money Market Fund (Direct) | Baroda BNP Paribas Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.31% | +6.38% |
| Standard deviation | 0.51% | 0.43% |
| Sharpe ratio | 2.08 | 2.64 |
| Sortino ratio | 3.33 | 4.49 |
| Maximum drawdown | −0.1% (22-05-2026) | −0.1% (22-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Money Market Fund (Direct) | Baroda BNP Paribas Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.18% | +7.14% |
| Standard deviation | 0.41% | 0.37% |
| Sharpe ratio | 2.82 | 3.05 |
| Sortino ratio | 5.18 | 6.06 |
| Maximum drawdown | −0.1% (22-05-2026) | −0.1% (22-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Money Market Fund (Direct) | Baroda BNP Paribas Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.50% | +6.68% |
| Standard deviation | 0.38% | 0.36% |
| Sharpe ratio | 1.84 | 2.41 |
| Sortino ratio | 3.24 | 4.26 |
| Maximum drawdown | −0.2% (06-05-2022) | −0.3% (13-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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 Money Market Fund (Direct) | Baroda BNP Paribas Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.86% | +6.49% |
| Standard deviation | 0.37% | 0.51% |
| Sharpe ratio | 1.95 | 2.35 |
| Sortino ratio | 3.50 | 4.61 |
| Maximum drawdown | −0.2% (06-05-2022) | −1.0% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 20-06-2019 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 Money Market Fund (Direct)
Baroda BNP Paribas Ultra Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Money Market Fund (Direct) | −0.2% | 02-05-2022 | 06-05-2022 | 30-05-2022 | 24 days | 0.0% |
| Baroda BNP Paribas Ultra Short Term Fund (Direct) | −1.0% | 06-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
From daily values since 20-06-2019, 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 Money Market Fund (Direct)
Baroda BNP Paribas Ultra Short Term Fund (Direct)
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 Money Market Fund (Direct)
Baroda BNP Paribas Ultra Short Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Baroda BNP Paribas Money Market Fund (Direct)
Baroda BNP Paribas Ultra Short Term Fund (Direct)
Baroda BNP Paribas Money Market vs Baroda BNP Paribas Ultra Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Money Market Fund, September 2026; Baroda BNP Paribas Ultra Short Term Fund, September 2026
Holdings in common
- Overlap
- 18.0%
- Held by both
- 13
- Only in Baroda BNP Paribas Money Market
- 41
- Only in Baroda BNP Paribas Ultra Short Term
- 18
| Security | % of Baroda BNP Paribas Money Market | % of Baroda BNP Paribas Ultra Short Term |
|---|---|---|
| Export Import Bank of India (01/03/2027) | 2.92% | 3.75% |
| IndusInd Bank Limited (27/01/2027) | 2.88% | 4.92% |
| LIC Housing Finance Limited (11/03/2027) | 3.15% | 2.44% |
| Canara Bank (12/02/2027) | 2.16% | 4.09% |
| Union Bank of India (12/03/2027) | 1.86% | 5.70% |
| HDFC Bank Limited (05/03/2027) | 2.58% | 1.63% |
| ICICI Bank Limited (08/03/2027) | 1.15% | 4.07% |
| HDFC Bank Limited (24/02/2027) | 0.86% | 1.96% |
| Axis Bank Limited (12/02/2027) | 0.72% | 3.27% |
| National Bank For Agriculture and Rural Development (17/02/2027) | 0.57% | 0.82% |
| Corporate Debt Market Development Fund | 0.39% | 0.58% |
| Canara Bank (02/02/2027) | 0.29% | 2.46% |
| Punjab National Bank (04/03/2027) | 0.14% | 2.44% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.0% means 18.0% 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 Money Market Fund
| Security | % of fund |
|---|---|
| 7.86% State Government Securities (15/03/2027) | 5.94% |
| Small Industries Dev Bank of India (11/06/2027) | 4.90% |
| Punjab National Bank (05/02/2027) | 3.60% |
| Bajaj Housing Finance Limited (12/03/2027) | 3.57% |
| 364 Days Tbill (MD 12/11/2026) | 2.93% |
Largest holdings only in Baroda BNP Paribas Ultra Short Term Fund
| Security | % of fund |
|---|---|
| 8.1% Tata Capital Housing Finance Limited (19/02/2027) | 4.20% |
| 8.28% PNB Housing Finance Limited (30/12/2026) | 4.20% |
| 7.75% Power Finance Corporation Limited (22/03/2027) | 4.20% |
| Small Industries Dev Bank of India (10/11/2026) | 4.16% |
| 8.05% Muthoot Finance Limited (25/11/2027) | 4.16% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Money Market | Baroda BNP Paribas Ultra Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 100.8% | 91.4% |
| Cash and others | -0.8% | 8.6% |
Baroda BNP Paribas Money Market vs Baroda BNP Paribas Ultra Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Money Market Fund | Baroda BNP Paribas Ultra Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.17% | 0.29% |
| Base expense ratio (Direct) | 0.14% | 0.24% |
| Total expense ratio (Regular) | 0.40% | 0.44% |
| Base expense ratio (Regular) | 0.33% | 0.37% |
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 Money Market with
Compare Baroda BNP Paribas Ultra Short Term with
- Baroda BNP Paribas Ultra Short Term vs Tata Ultra Short Term
- Baroda BNP Paribas Ultra Short Term vs Aditya Birla Sun Life Ultra Short Term
- Baroda BNP Paribas Ultra Short Term vs Axis Ultra Short Term fund
- Baroda BNP Paribas Ultra Short Term vs Mirae Asset Ultra Short-Term
- Baroda BNP Paribas Ultra Short Term vs ICICI Prudential Ultra Short Term
Baroda BNP Paribas Money Market Fund vs Baroda BNP Paribas Ultra Short Term Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Money Market Fund and Baroda BNP Paribas Ultra Short Term Fund?
Baroda BNP Paribas Money Market Fund is a Money Market fund, Baroda BNP Paribas Ultra Short Term Fund is an Ultra Short fund, run by Baroda BNP Paribas Mutual Fund. Their portfolios overlap 18.0%. Baroda BNP Paribas Money Market Fund charges 0.17% a year and Baroda BNP Paribas Ultra Short Term Fund 0.29%.
Which has given higher returns, Baroda BNP Paribas Money Market Fund or Baroda BNP Paribas Ultra Short Term Fund?
Over 1 year: Baroda BNP Paribas Money Market Fund +6.31%, Baroda BNP Paribas Ultra Short Term Fund +6.38%. Over 3 years: Baroda BNP Paribas Money Market Fund +7.18% a year, Baroda BNP Paribas Ultra Short Term Fund +7.14% a year. Over 5 years: Baroda BNP Paribas Money Market Fund +6.50% a year, Baroda BNP Paribas Ultra Short Term Fund +6.68% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Money Market Fund or Baroda BNP Paribas Ultra Short Term Fund?
Baroda BNP Paribas Money Market Fund charges less: 0.17% a year against 0.29%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Money Market Fund and Baroda BNP Paribas Ultra Short Term Fund overlap?
18.0%. They hold 13 of the same securities, the largest shared ones being Export Import Bank of India (01/03/2027), IndusInd Bank Limited (27/01/2027), LIC Housing Finance Limited (11/03/2027). From each fund's latest monthly portfolio.
Which is better for SIP, Baroda BNP Paribas Money Market Fund or Baroda BNP Paribas Ultra Short Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,28,231 in Baroda BNP Paribas Money Market Fund (XIRR 6.9% a year) and ₹7,29,155 in Baroda BNP Paribas Ultra Short Term Fund (XIRR 7.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Baroda BNP Paribas Money Market Fund and Baroda BNP Paribas Ultra Short Term Fund?
Yes. 18.0% 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.