Baroda BNP Paribas Multi Asset Fund vs SBI BSE 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Multi Asset Fund is a Multi Asset fund and SBI BSE 100 ETF is a mutual fund. In the 3 years to 30-10-2026, Baroda BNP Paribas Multi Asset Fund (Direct) returned 13.3% a year and SBI BSE 100 ETF (Regular) returned 8.8% a year. Baroda BNP Paribas Multi Asset Fund charges 0.89% a year and SBI BSE 100 ETF 0.16%. Their portfolios overlap 39.7%: they hold 29 of the same securities.
Baroda BNP Paribas Multi Asset Fund
Multi Asset
- 3 year return
- 13.3%
- Expense ratio
- 0.89%
- NAV
- ₹16.15
Which is better, Baroda BNP Paribas Multi Asset or SBI BSE 100 ETF? 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 Multi Asset returned more over 3 years: 13.3% a year against 8.8%.
- Baroda BNP Paribas Multi Asset returned more over 1 year: −0.3% against −9.1%.
- SBI BSE 100 ETF costs less: 0.16% a year against 0.89%.
- Baroda BNP Paribas Multi Asset swung less over 3 years: a standard deviation of 10.8% a year against 13.5%.
- Baroda BNP Paribas Multi Asset fell less in its worst fall since 26-12-2022: −11.9% against −16.7%.
- SBI BSE 100 ETF holds more in large companies: 90.2% of the fund in large caps against 47.1%.
- Baroda BNP Paribas Multi Asset is the larger fund: ₹1,398 Cr against ₹9 Cr.
- Their portfolios overlap 39.7%: 29 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 Multi Asset Fund | SBI BSE 100 ETF |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | SBI Mutual Fund |
| Category | Multi Asset | Not available |
| AUM | ₹1,398 Cr (30-09-2026) | ₹9 Cr (30-09-2026) |
| NAV | ₹16.15 (Direct) | ₹272.01 (Regular) |
| Expense ratio (Direct) | 0.89% | Not available |
| Expense ratio (Regular) | 2.04% | 0.16% |
| 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 Multi Asset vs SBI BSE 100 ETF: 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 Multi Asset Fund (Direct) | −1.53% | −4.77% | −3.91% | −0.27% | +13.33% | -- | -- |
| SBI BSE 100 ETF (Regular) | +0.93% | −5.53% | −2.97% | −9.05% | +8.78% | +7.62% | +11.52% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Baroda BNP Paribas Multi Asset vs SBI BSE 100 ETF: Year-wise Returns
| Year | Baroda BNP Paribas Multi AssetBaroda BNP Paribas Multi Asset | SBI BSE 100 ETFSBI BSE 100 ETF |
|---|---|---|
| 2026to date | −2.74% | −9.80% |
| 2025 | +15.03% | +10.33% |
| 2024 | +15.91% | +13.11% |
| 2023 | +24.70% | +23.07% |
| 2022 | -- | +5.85% |
| 2021 | -- | +26.33% |
Baroda BNP Paribas Multi Asset vs SBI BSE 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of SBI BSE 100 ETF
Rolling returns
Every 3-year holding period, 207 of them, one for each trading day from 26-12-2025 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 Multi Asset Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
to
Jan 2026Mar 2023
to
Mar 2026May 2023
to
May 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
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 Multi Asset | 0.0 | 0.0 | 0.0 | 16.9 | 83.1 | 0.0 | 0.0 | 16.9% | 17.0% | 12.6% | 20.0% | 100% |
| SBI BSE 100 ETF | 0.0 | 0.0 | 23.7 | 57.8 | 18.5 | 0.0 | 0.0 | 11.8% | 11.3% | 6.8% | 16.2% | 0% |
| BSE 100 TRI | 0.0 | 0.0 | 20.8 | 60.4 | 18.8 | 0.0 | 0.0 | 11.9% | 11.4% | 7.0% | 16.3% | -- |
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 BSE 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 26-12-2022. Past returns do not promise future returns.
Baroda BNP Paribas Multi Asset vs SBI BSE 100 ETF: 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 26-12-2022 to 30-10-2026: 47 instalments, ₹4,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas Multi AssetBaroda BNP Paribas Multi Asset Fund (Direct) | ₹4,70,000 | ₹5,64,135 | ₹94,135 | 9.3% |
| SBI BSE 100 ETFSBI BSE 100 ETF (Regular) | ₹4,70,000 | ₹5,08,356 | ₹38,356 | 4.0% |
Baroda BNP Paribas Multi AssetBaroda BNP Paribas Multi Asset Fund (Direct)
SBI BSE 100 ETFSBI BSE 100 ETF (Regular)
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 Multi Asset vs SBI BSE 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas Multi Asset Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | −0.27% | −9.05% |
| Standard deviation | 12.16% | 13.91% |
| Sharpe ratio | -0.45 | -1.03 |
| Sortino ratio | -0.61 | -1.36 |
| Maximum drawdown | −10.3% (23-03-2026) | −15.0% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.16% |
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 Multi Asset Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +13.33% | +8.78% |
| Standard deviation | 10.85% | 13.55% |
| Sharpe ratio | 0.67 | 0.20 |
| Sortino ratio | 0.93 | 0.28 |
| Maximum drawdown | −11.9% (28-02-2025) | −16.7% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.18% |
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 Multi Asset Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +13.35% | +10.40% |
| Standard deviation | 9.96% | 15.99% |
| Sharpe ratio | 0.72 | 0.30 |
| Sortino ratio | 0.99 | 0.40 |
| Maximum drawdown | −11.9% (28-02-2025) | −38.2% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.44% |
From daily NAVs, 26-12-2022 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 Multi Asset Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Multi Asset Fund (Direct) | −11.9% | 27-09-2024 | 28-02-2025 | 26-06-2025 | 4 months | −7.6% |
| SBI BSE 100 ETF (Regular) | −16.7% | 26-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −10.6% |
| BSE 100 TRI | −16.7% | 26-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −10.4% |
From daily values since 26-12-2022, 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 Multi Asset Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 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 Multi Asset Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Baroda BNP Paribas Multi Asset Fund (Direct) | 82% | 44% | 5.68% |
| SBI BSE 100 ETF (Regular) | 99% | 100% | 0.03% |
From month-end values since 26-12-2022. 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 Multi Asset vs SBI BSE 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Multi Asset Fund, September 2026; SBI BSE 100 ETF, September 2026
Holdings in common
- Overlap
- 39.7%
- Held by both
- 29
- Only in Baroda BNP Paribas Multi Asset
- 39
- Only in SBI BSE 100 ETF
- 71
| Security | % of Baroda BNP Paribas Multi Asset | % of SBI BSE 100 ETF |
|---|---|---|
| ICICI Bank Limited | 4.60% | 7.24% |
| HDFC Bank Limited | 4.24% | 8.26% |
| Reliance Industries Limited | 3.82% | 6.01% |
| Larsen & Toubro Limited | 3.51% | 3.35% |
| Bharti Airtel Limited | 2.49% | 4.18% |
| Eternal Limited | 2.14% | 1.76% |
| State Bank of India | 1.67% | 3.04% |
| Infosys Limited | 1.66% | 2.68% |
| Kotak Mahindra Bank Limited | 1.61% | 2.34% |
| Sun Pharmaceutical Industries Limited | 1.64% | 1.50% |
| Tata Consultancy Services Limited | 1.25% | 1.58% |
| Bajaj Finance Limited | 1.24% | 1.96% |
| NTPC Limited | 1.21% | 1.17% |
| Divi's Laboratories Limited | 0.90% | 0.90% |
| Grasim Industries Limited | 1.18% | 0.87% |
| Titan Company Limited | 0.80% | 1.43% |
| Maruti Suzuki India Limited | 0.77% | 1.18% |
| Nestle India Limited | 1.35% | 0.71% |
| Tata Motors Ltd | 0.84% | 0.68% |
| Power Grid Corporation of India Limited | 0.67% | 0.91% |
| The Federal Bank Limited | 0.92% | 0.60% |
| Hindustan Unilever Limited | 0.60% | 1.28% |
| Hero MotoCorp Limited | 1.35% | 0.51% |
| Varun Beverages Limited | 0.86% | 0.45% |
| IndusInd Bank Limited | 0.70% | 0.45% |
| Persistent Systems Limited | 0.78% | 0.44% |
| United Spirits Limited | 0.96% | 0.30% |
| PB Fintech Limited | 0.65% | 0.29% |
| Yes Bank Limited | 0.94% | 0.28% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.7% means 39.7% 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 Multi Asset Fund
| Security | % of fund |
|---|---|
| Nippon India ETF Gold Bees | 7.91% |
| Baroda BNP Paribas Gold ETF-RG | 7.18% |
| Hitachi Energy India Limited | 3.85% |
| Linde India Limited | 1.87% |
| 7.44% REC Limited (29/02/2028) | 1.78% |
Largest holdings only in SBI BSE 100 ETF
| Security | % of fund |
|---|---|
| Axis Bank Ltd. | 2.68% |
| Mahindra & Mahindra Ltd. | 2.01% |
| ITC Ltd. | 1.94% |
| Tata Steel Ltd. | 1.16% |
| Bharat Electronics Ltd. | 1.07% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Multi Asset | SBI BSE 100 ETF |
|---|---|---|
| Equity | 70.2% | 100.0% |
| Debt | 10.4% | 0.0% |
| Cash and others | 19.3% | 0.0% |
Market cap of stocks
| Market cap | Baroda BNP Paribas Multi Asset | SBI BSE 100 ETF |
|---|---|---|
| Large Cap | 47.1% | 90.2% |
| Mid Cap | 16.3% | 9.7% |
| Small Cap | 5.5% | 0.0% |
| Not on AMFI's list | 1.4% | 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 Multi Asset | SBI BSE 100 ETF |
|---|---|---|
| Banks | 14.7% | 26.7% |
| IT - Software | 4.2% | 7.5% |
| Petroleum Products | 3.8% | 6.8% |
| Automobiles | 2.1% | 6.5% |
| Finance | 2.0% | 5.8% |
| Electrical Equipment | 5.5% | 0.8% |
| Telecom - Services | 2.5% | 4.5% |
| Pharmaceuticals & Biotechnology | 3.7% | 3.9% |
| Construction | 3.5% | 3.4% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas Multi Asset vs SBI BSE 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Multi Asset Fund | SBI BSE 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.89% | Not available |
| Base expense ratio (Direct) | 0.73% | 0.00% |
| Total expense ratio (Regular) | 2.04% | 0.16% |
| Base expense ratio (Regular) | 1.71% | 0.12% |
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
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Baroda BNP Paribas Multi Asset Fund vs SBI BSE 100 ETF: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Multi Asset Fund and SBI BSE 100 ETF?
Baroda BNP Paribas Multi Asset Fund is a Multi Asset fund, SBI BSE 100 ETF is a mutual fund, run by Baroda BNP Paribas Mutual Fund and SBI Mutual Fund. Their portfolios overlap 39.7%. Baroda BNP Paribas Multi Asset Fund charges 0.89% a year and SBI BSE 100 ETF 0.16%.
Which has given higher returns, Baroda BNP Paribas Multi Asset Fund or SBI BSE 100 ETF?
Over 1 year: Baroda BNP Paribas Multi Asset Fund −0.27%, SBI BSE 100 ETF −9.05%. Over 3 years: Baroda BNP Paribas Multi Asset Fund +13.33% a year, SBI BSE 100 ETF +8.78% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Multi Asset Fund or SBI BSE 100 ETF?
SBI BSE 100 ETF charges less: 0.16% a year against 0.89%. These are the total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Multi Asset Fund and SBI BSE 100 ETF overlap?
39.7%. They hold 29 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 Multi Asset Fund or SBI BSE 100 ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,07,689 in Baroda BNP Paribas Multi Asset Fund (XIRR 6.2% a year) and ₹3,72,729 in SBI BSE 100 ETF (XIRR 0.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Baroda BNP Paribas Multi Asset Fund and SBI BSE 100 ETF?
Yes. 39.7% 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.