Baroda BNP Paribas Services Fund vs LIC MF BSE Sensex ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Services Fund is a Thematic fund and LIC MF BSE Sensex ETF is an ETF fund. Baroda BNP Paribas Services Fund charges 1.69% a year and LIC MF BSE Sensex ETF 0.12%. Their portfolios overlap 45.2%: they hold 16 of the same securities.
Baroda BNP Paribas Services Fund
Thematic
- Expense ratio
- 1.69%
- NAV
- ₹9.53
Which is better, Baroda BNP Paribas Services or LIC MF BSE Sensex ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- LIC MF BSE Sensex ETF costs less: 0.12% a year against 1.69%.
- Baroda BNP Paribas Services fell less in its worst fall since 05-08-2026: −8.0% against −9.3%.
- LIC MF BSE Sensex ETF holds more in large companies: 99.9% of the fund in large caps against 56.7%.
- LIC MF BSE Sensex ETF is the larger fund: ₹676 Cr against ₹573 Cr.
- Their portfolios overlap 45.2%: 16 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 Services Fund | LIC MF BSE Sensex ETF |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | LIC Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹573 Cr (30-09-2026) | ₹676 Cr (30-09-2026) |
| NAV | ₹9.53 (Direct) | ₹842.05 |
| Expense ratio (Direct) | 1.69% | Not available |
| Expense ratio (Regular) | 3.58% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Not available | BSE SENSEX TRI |
| Launch date | Not available | 30-11-2015 |
| Minimum investment | Not available | For Subscription of units directly with Mutual Fund: All direct transactions in units of the Scheme by MMs/APs or other eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio. Any |
| Lock in | Not available | None |
| Fund managers | Not available | Nikhil Kapoor, Sasikant Aravamuthan |
| Exit load | Not available | Nil |
Baroda BNP Paribas Services vs LIC MF BSE Sensex 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 Services Fund (Direct) | +2.30% | -- | -- | -- | -- | -- | -- |
| LIC MF BSE Sensex ETF | +2.76% | −4.31% | −2.45% | −11.01% | +6.18% | +5.79% | +11.51% |
| Thematic average | −2.09% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Baroda BNP Paribas Services vs LIC MF BSE Sensex ETF: Year-wise Returns
| Year | Baroda BNP Paribas ServicesBaroda BNP Paribas Services | LIC MF BSE Sensex ETFLIC MF BSE Sensex ETF |
|---|---|---|
| 2026to date | -- | −11.89% |
| 2025 | -- | +10.26% |
| 2024 | -- | +9.28% |
| 2023 | -- | +20.18% |
| 2022 | -- | +5.75% |
| 2021 | -- | +22.96% |
Baroda BNP Paribas Services vs LIC MF BSE Sensex ETF: Rolling Returns
Every holding period of both funds, against Nifty Services Sector TRI, the benchmark of Baroda BNP Paribas Services Fund
Baroda BNP Paribas Services vs LIC MF BSE Sensex ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas Services Fund (Direct) | LIC MF BSE Sensex ETF |
|---|---|---|
| Return (CAGR) | −19.32% | +11.30% |
| Standard deviation | 11.53% | 16.03% |
| Sharpe ratio | -2.13 | 0.36 |
| Sortino ratio | -2.67 | 0.50 |
| Maximum drawdown | −8.0% (23-10-2026) | −37.9% (23-03-2020) |
| Beta | 0.81 | 1.00 |
| Alpha | −13.42% | −0.10% |
From daily NAVs, 05-08-2026 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 Services Fund (Direct)
LIC MF BSE Sensex ETF
Nifty Services Sector TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Services Fund (Direct) | −8.0% | 25-08-2026 | 23-10-2026 | Not yet | -- | −5.3% |
| LIC MF BSE Sensex ETF | −9.3% | 06-08-2026 | 08-10-2026 | Not yet | -- | −5.6% |
| Nifty Services Sector TRI | −9.3% | 05-08-2026 | 08-10-2026 | Not yet | -- | −2.1% |
From daily values since 05-08-2026, the first day every fund has.
Baroda BNP Paribas Services vs LIC MF BSE Sensex ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Services Fund, September 2026; LIC MF BSE Sensex ETF, September 2026
Holdings in common
- Overlap
- 45.2%
- Held by both
- 16
- Only in Baroda BNP Paribas Services
- 40
- Only in LIC MF BSE Sensex ETF
- 14
| Security | % of Baroda BNP Paribas Services | % of LIC MF BSE Sensex ETF |
|---|---|---|
| ICICI Bank Limited | 9.45% | 10.96% |
| HDFC Bank Limited | 5.56% | 12.57% |
| Bharti Airtel Limited | 4.44% | 6.32% |
| Infosys Limited | 3.81% | 4.08% |
| Bajaj Finance Limited | 3.77% | 3.01% |
| Kotak Mahindra Bank Limited | 2.83% | 3.58% |
| Axis Bank Limited | 2.67% | 4.10% |
| State Bank of India | 2.51% | 4.60% |
| Eternal Limited | 2.23% | 2.75% |
| NTPC Limited | 2.22% | 1.78% |
| Tata Consultancy Services Limited | 1.43% | 2.42% |
| InterGlobe Aviation Limited | 1.39% | 1.30% |
| Bajaj Finserv Limited | 1.87% | 1.13% |
| Tech Mahindra Limited | 1.46% | 1.13% |
| Trent Limited | 1.23% | 1.01% |
| Power Grid Corporation of India Limited | 0.95% | 1.38% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.2% means 45.2% 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 Services Fund
| Security | % of fund |
|---|---|
| Bank of Maharashtra | 2.08% |
| Mphasis Limited | 2.06% |
| Sundaram Finance Limited | 1.98% |
| Persistent Systems Limited | 1.75% |
| Billionbrains Garage Ventures Ltd | 1.73% |
Largest holdings only in LIC MF BSE Sensex ETF
| Security | % of fund |
|---|---|
| Reliance Industries Ltd. | 9.08% |
| Larsen & Toubro Ltd. | 5.09% |
| Mahindra & Mahindra Ltd. | 3.08% |
| ITC Ltd. | 2.96% |
| Sun Pharmaceutical Industries Ltd. | 2.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Services | LIC MF BSE Sensex ETF |
|---|---|---|
| Equity | 97.3% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.7% | 0.1% |
Market cap of stocks
| Market cap | Baroda BNP Paribas Services | LIC MF BSE Sensex ETF |
|---|---|---|
| Large Cap | 56.7% | 99.9% |
| Mid Cap | 26.5% | 0.0% |
| Small Cap | 10.7% | 0.0% |
| Not on AMFI's list | 3.4% | 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 Services | LIC MF BSE Sensex ETF |
|---|---|---|
| Banks | 26.9% | 35.8% |
| Finance | 14.9% | 4.1% |
| IT - Software | 14.5% | 9.1% |
| Petroleum Products | 0.0% | 9.1% |
| Telecom - Services | 5.4% | 6.3% |
| Power | 6.3% | 3.2% |
| Retailing | 5.6% | 3.8% |
| Construction | 0.0% | 5.1% |
| Diversified FMCG | 0.0% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas Services vs LIC MF BSE Sensex ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Services Fund | LIC MF BSE Sensex ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.69% | Not available |
| Base expense ratio (Direct) | 0.46% | 0.00% |
| Total expense ratio (Regular) | 3.58% | Not available |
| Base expense ratio (Regular) | 2.06% | 0.09% |
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 Services with
Baroda BNP Paribas Services Fund vs LIC MF BSE Sensex ETF: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Services Fund and LIC MF BSE Sensex ETF?
Baroda BNP Paribas Services Fund is a Thematic fund, LIC MF BSE Sensex ETF is an ETF fund, run by Baroda BNP Paribas Mutual Fund and LIC Mutual Fund. Their portfolios overlap 45.2%. Baroda BNP Paribas Services Fund charges 1.69% a year and LIC MF BSE Sensex ETF 0.12%.
Which has the lower expense ratio, Baroda BNP Paribas Services Fund or LIC MF BSE Sensex ETF?
LIC MF BSE Sensex ETF charges less: 0.12% a year against 1.69%. These are the total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Services Fund and LIC MF BSE Sensex ETF overlap?
45.2%. They hold 16 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Can I invest in both Baroda BNP Paribas Services Fund and LIC MF BSE Sensex ETF?
Yes. 45.2% 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.