Baroda BNP Paribas Multi Cap Fund vs Union Large & Midcap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Multi Cap Fund is a Multi Cap fund and Union Large & Midcap Fund is a Large & Mid Cap fund. In the 3 years to 30-10-2026, Baroda BNP Paribas Multi Cap Fund (Direct) returned 13.6% a year and Union Large & Midcap Fund (Direct) returned 12.4% a year. Baroda BNP Paribas Multi Cap Fund charges 1.18% a year and Union Large & Midcap Fund 1.32% (Direct plans). Their portfolios overlap 36.4%: they hold 33 of the same securities.
Baroda BNP Paribas Multi Cap Fund
Multi Cap
- 3 year return
- 13.6%
- Expense ratio
- 1.18%
- NAV
- ₹315.37
Union Large & Midcap Fund
Large & Mid Cap
- 3 year return
- 12.4%
- Expense ratio
- 1.32%
- NAV
- ₹28.14
Which is better, Baroda BNP Paribas Multi Cap or Union Large & Midcap? 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 Cap returned more over 5 years: 10.9% a year against 10.3%.
- Baroda BNP Paribas Multi Cap returned more over 3 years: 13.6% a year against 12.4%.
- Baroda BNP Paribas Multi Cap costs less: 1.18% a year against 1.32% (Direct plans).
- Baroda BNP Paribas Multi Cap swung less over 3 years: a standard deviation of 15.2% a year against 15.3%.
- Baroda BNP Paribas Multi Cap fell less in its worst fall since 13-12-2019: −34.3% against −35.6%.
- Baroda BNP Paribas Multi Cap is the larger fund: ₹3,297 Cr against ₹969 Cr.
- Their portfolios overlap 36.4%: 33 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 Cap Fund | Union Large & Midcap Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | Union Mutual Fund |
| Category | Multi Cap | Large & Mid Cap |
| AUM | ₹3,297 Cr (30-09-2026) | ₹969 Cr (30-09-2026) |
| NAV | ₹315.37 (Direct) | ₹28.14 (Direct) |
| Expense ratio (Direct) | 1.18% | 1.32% |
| Expense ratio (Regular) | 2.24% | 2.53% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty LargeMidcap 250 TRI |
| Launch date | Not available | 06-12-2019 |
| Minimum investment | Not available | ₹1,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Vinod Malviya, Pratik Dharmshi |
| Exit load | Not available | Exit load of 1%, if redeemed within 15 days. |
Baroda BNP Paribas Multi Cap vs Union Large & Midcap: 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 Cap Fund (Direct) | −1.95% | −5.80% | −1.12% | −4.12% | +13.55% | +10.86% | +13.66% |
| Union Large & Midcap Fund (Direct) | −1.54% | −2.90% | +2.96% | −0.74% | +12.37% | +10.31% | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | +12.56% | +14.55% |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | -- |
Category average: the average of the 33 Multi Cap funds and the 36 Large & Mid Cap funds, same plan type.
Baroda BNP Paribas Multi Cap vs Union Large & Midcap: Year-wise Returns
| Year | Baroda BNP Paribas Multi CapBaroda BNP Paribas Multi Cap | Union Large & MidcapUnion Large & Midcap |
|---|---|---|
| 2026to date | −2.99% | −0.07% |
| 2025 | −1.81% | +3.57% |
| 2024 | +33.13% | +22.26% |
| 2023 | +32.13% | +28.33% |
| 2022 | −2.04% | −1.87% |
| 2021 | +49.14% | +40.05% |
Baroda BNP Paribas Multi Cap vs Union Large & Midcap: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of Baroda BNP Paribas Multi Cap Fund
Rolling returns
Every 3-year holding period, 955 of them, one for each trading day from 13-12-2022 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 Multi Cap Fund (Direct)
Union Large & Midcap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Apr 2023Dec 2020
to
Dec 2023Jul 2021
to
Jul 2024Mar 2022
to
Mar 2025Nov 2022
to
Nov 2025Jul 2023
to
Jul 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 Cap | 0.0 | 0.0 | 0.0 | 4.0 | 35.9 | 35.9 | 24.2 | 21.8% | 21.1% | 12.4% | 34.9% | 97% |
| Union Large & Midcap | 0.0 | 0.0 | 0.0 | 16.9 | 45.5 | 26.7 | 10.9 | 18.9% | 18.3% | 11.0% | 33.3% | 8% |
| Nifty500 Multicap 50:25:25 TRI | 0.0 | 0.0 | 0.0 | 12.7 | 49.4 | 36.3 | 1.5 | 19.0% | 18.9% | 10.1% | 26.3% | -- |
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 Nifty500 Multicap 50:25:25 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 13-12-2019. Past returns do not promise future returns.
Baroda BNP Paribas Multi Cap vs Union Large & Midcap: 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 02-12-2019 to 30-10-2026: 83 instalments, ₹8,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas Multi CapBaroda BNP Paribas Multi Cap Fund (Direct) | ₹8,30,000 | ₹13,97,272 | ₹5,67,272 | 14.8% |
| Union Large & MidcapUnion Large & Midcap Fund (Direct) | ₹8,30,000 | ₹13,57,971 | ₹5,27,971 | 14.0% |
Baroda BNP Paribas Multi CapBaroda BNP Paribas Multi Cap Fund (Direct)
Union Large & MidcapUnion Large & Midcap 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 Multi Cap vs Union Large & Midcap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas Multi Cap Fund (Direct) | Union Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.12% | −0.74% |
| Standard deviation | 14.91% | 15.51% |
| Sharpe ratio | -0.63 | -0.39 |
| Sortino ratio | -0.84 | -0.52 |
| Maximum drawdown | −13.9% (23-03-2026) | −12.6% (30-03-2026) |
| Beta | 0.97 | 1.01 |
| Alpha | +1.61% | +5.90% |
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 Cap Fund (Direct) | Union Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.55% | +12.37% |
| Standard deviation | 15.22% | 15.31% |
| Sharpe ratio | 0.49 | 0.41 |
| Sortino ratio | 0.66 | 0.55 |
| Maximum drawdown | −19.4% (28-02-2025) | −18.7% (28-02-2025) |
| Beta | 0.98 | 1.01 |
| Alpha | +2.40% | +0.82% |
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 Cap Fund (Direct) | Union Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.86% | +10.31% |
| Standard deviation | 14.90% | 14.63% |
| Sharpe ratio | 0.34 | 0.31 |
| Sortino ratio | 0.45 | 0.41 |
| Maximum drawdown | −20.8% (20-06-2022) | −19.6% (20-06-2022) |
| Beta | 0.96 | 0.96 |
| Alpha | +0.54% | −0.10% |
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 Multi Cap Fund (Direct) | Union Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.10% | +16.18% |
| Standard deviation | 15.96% | 17.07% |
| Sharpe ratio | 0.50 | 0.65 |
| Sortino ratio | 0.68 | 0.85 |
| Maximum drawdown | −34.3% (23-03-2020) | −35.6% (23-03-2020) |
| Beta | -- | 0.96 |
| Alpha | -- | +0.71% |
From daily NAVs, 02-01-2013 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 Cap Fund (Direct)
Union Large & Midcap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Multi Cap Fund (Direct) | −34.3% | 19-02-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.2% |
| Union Large & Midcap Fund (Direct) | −35.6% | 20-02-2020 | 23-03-2020 | 15-09-2020 | 6 months | −6.6% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
From daily values since 13-12-2019, 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 Multi Cap Fund (Direct)
Union Large & Midcap Fund (Direct)
Nifty500 Multicap 50:25:25 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 Cap Fund (Direct)
Union Large & Midcap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
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 Multi Cap Fund (Direct)
Union Large & Midcap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Baroda BNP Paribas Multi Cap Fund (Direct) | 102% | 96% | 4.80% |
| Union Large & Midcap Fund (Direct) | 94% | 91% | 5.10% |
From month-end values since 13-12-2019. 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 Cap vs Union Large & Midcap: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Multi Cap Fund, September 2026; Union Large & Midcap Fund, September 2026
Holdings in common
- Overlap
- 36.4%
- Held by both
- 33
- Only in Baroda BNP Paribas Multi Cap
- 45
- Only in Union Large & Midcap
- 48
| Security | % of Baroda BNP Paribas Multi Cap | % of Union Large & Midcap |
|---|---|---|
| ICICI Bank Limited | 2.22% | 4.84% |
| One 97 Communications Limited | 2.14% | 2.49% |
| Shriram Finance Limited | 2.01% | 2.00% |
| Bharti Airtel Limited | 1.87% | 2.32% |
| Multi Commodity Exchange of India Limited | 1.65% | 1.98% |
| Bharat Heavy Electricals Limited | 2.18% | 1.52% |
| Reliance Industries Limited | 1.80% | 1.50% |
| Navin Fluorine International Limited | 2.81% | 1.46% |
| Torrent Pharmaceuticals Limited | 1.83% | 1.37% |
| HDFC Bank Limited | 1.33% | 2.86% |
| Eternal Limited | 1.26% | 2.28% |
| State Bank of India | 2.18% | 1.19% |
| Maruti Suzuki India Limited | 1.27% | 1.19% |
| Nippon Life India Asset Management Limited | 1.62% | 1.16% |
| Info Edge (India) Limited | 1.74% | 1.13% |
| Axis Bank Limited | 1.10% | 2.20% |
| Max Financial Services Limited | 1.09% | 1.70% |
| Larsen & Toubro Limited | 1.03% | 1.40% |
| Aditya Birla Capital Limited | 1.39% | 1.02% |
| Cummins India Limited | 1.44% | 0.98% |
| Acutaas Chemicals Limited | 1.99% | 0.79% |
| Tech Mahindra Limited | 1.73% | 0.79% |
| RBL Bank Limited | 1.16% | 0.79% |
| Bajaj Finance Limited | 1.24% | 0.78% |
| Schaeffler India Limited | 0.83% | 0.70% |
| Persistent Systems Limited | 0.88% | 0.63% |
| Amber Enterprises India Limited | 0.61% | 0.90% |
| Marico Limited | 0.60% | 1.32% |
| BSE Limited | 1.41% | 0.58% |
| Infosys Limited | 1.12% | 0.51% |
| Shiprocket Limited | 1.08% | 0.50% |
| JK Cement Limited | 0.72% | 0.49% |
| TVS Motor Company Limited | 2.24% | 0.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.4% means 36.4% 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 Cap Fund
| Security | % of fund |
|---|---|
| Karur Vysya Bank Limited | 2.46% |
| Mahindra & Mahindra Limited | 2.24% |
| Radico Khaitan Limited | 2.20% |
| Dr. Lal Path Labs Limited | 2.19% |
| Titan Company Limited | 2.09% |
Largest holdings only in Union Large & Midcap Fund
| Security | % of fund |
|---|---|
| INDO-MIM Ltd. | 2.64% |
| JSW Infrastructure Ltd. | 2.07% |
| Jindal Steel Ltd. | 2.01% |
| CG Power and Industrial Solutions Ltd. | 1.86% |
| Solar Industries India Ltd. | 1.84% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Multi Cap | Union Large & Midcap |
|---|---|---|
| Equity | 95.4% | 98.2% |
| Debt | 0.0% | 0.1% |
| Cash and others | 4.6% | 1.7% |
Market cap of stocks
| Market cap | Baroda BNP Paribas Multi Cap | Union Large & Midcap |
|---|---|---|
| Large Cap | 40.7% | 44.0% |
| Mid Cap | 26.6% | 38.6% |
| Small Cap | 26.5% | 12.5% |
| Not on AMFI's list | 1.6% | 3.1% |
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 Cap | Union Large & Midcap |
|---|---|---|
| Banks | 15.3% | 14.6% |
| Pharmaceuticals & Biotechnology | 5.9% | 7.9% |
| Capital Markets | 7.1% | 4.5% |
| Electrical Equipment | 3.5% | 6.7% |
| Finance | 6.3% | 4.6% |
| Auto Components | 1.4% | 6.2% |
| Automobiles | 5.8% | 1.6% |
| Chemicals & Petrochemicals | 5.0% | 5.4% |
| Retailing | 3.4% | 5.2% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas Multi Cap vs Union Large & Midcap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Multi Cap Fund | Union Large & Midcap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.18% | 1.32% |
| Base expense ratio (Direct) | 0.75% | 0.88% |
| Total expense ratio (Regular) | 2.24% | 2.53% |
| Base expense ratio (Regular) | 1.65% | 1.94% |
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 Multi Cap with
Baroda BNP Paribas Multi Cap Fund vs Union Large & Midcap Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Multi Cap Fund and Union Large & Midcap Fund?
Baroda BNP Paribas Multi Cap Fund is a Multi Cap fund, Union Large & Midcap Fund is a Large & Mid Cap fund, run by Baroda BNP Paribas Mutual Fund and Union Mutual Fund. Their portfolios overlap 36.4%. Baroda BNP Paribas Multi Cap Fund charges 1.18% a year and Union Large & Midcap Fund 1.32%.
Which has given higher returns, Baroda BNP Paribas Multi Cap Fund or Union Large & Midcap Fund?
Over 1 year: Baroda BNP Paribas Multi Cap Fund −4.12%, Union Large & Midcap Fund −0.74%. Over 3 years: Baroda BNP Paribas Multi Cap Fund +13.55% a year, Union Large & Midcap Fund +12.37% a year. Over 5 years: Baroda BNP Paribas Multi Cap Fund +10.86% a year, Union Large & Midcap Fund +10.31% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Multi Cap Fund or Union Large & Midcap Fund?
Baroda BNP Paribas Multi Cap Fund charges less: 1.18% a year against 1.32%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Multi Cap Fund and Union Large & Midcap Fund overlap?
36.4%. They hold 33 of the same securities, the largest shared ones being ICICIBANK, PAYTM, SHRIRAMFIN. From each fund's latest monthly portfolio.
Which is better for SIP, Baroda BNP Paribas Multi Cap Fund or Union Large & Midcap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,93,734 in Baroda BNP Paribas Multi Cap Fund (XIRR 10.3% a year) and ₹7,97,153 in Union Large & Midcap Fund (XIRR 10.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Baroda BNP Paribas Multi Cap Fund and Union Large & Midcap Fund?
Yes. 36.4% 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.