Baroda BNP Paribas Value Fund vs HDFC NIFTY 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Value Fund is a Value and Contra fund and HDFC NIFTY 100 ETF is an ETF fund. In the 3 years to 30-10-2026, Baroda BNP Paribas Value Fund (Direct) returned 8.6% a year and HDFC NIFTY 100 ETF returned 8.7% a year. Baroda BNP Paribas Value Fund charges 1.33% a year and HDFC NIFTY 100 ETF 0.31%. Their portfolios overlap 42.4%: they hold 29 of the same securities.
Baroda BNP Paribas Value Fund
Value and Contra
- 3 year return
- 8.6%
- Expense ratio
- 1.33%
- NAV
- ₹13.49
Which is better, Baroda BNP Paribas Value or HDFC NIFTY 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.
- HDFC NIFTY 100 ETF returned more over 3 years: 8.7% a year against 8.6%.
- Baroda BNP Paribas Value returned more over 1 year: −7.0% against −9.0%.
- HDFC NIFTY 100 ETF costs less: 0.31% a year against 1.33%.
- HDFC NIFTY 100 ETF swung less over 3 years: a standard deviation of 13.7% a year against 14.6%.
- HDFC NIFTY 100 ETF fell less in its worst fall since 09-06-2023: −17.3% against −19.8%.
- HDFC NIFTY 100 ETF holds more in large companies: 98.0% of the fund in large caps against 67.3%.
- Baroda BNP Paribas Value is the larger fund: ₹920 Cr against ₹41 Cr.
- Their portfolios overlap 42.4%: 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 Value Fund | HDFC NIFTY 100 ETF |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | HDFC Mutual Fund |
| Category | Value and Contra | ETF |
| AUM | ₹920 Cr (30-09-2026) | ₹41 Cr (30-09-2026) |
| NAV | ₹13.49 (Direct) | ₹24.81 |
| Expense ratio (Direct) | 1.33% | Not available |
| Expense ratio (Regular) | 2.39% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty 100 TRI |
| Launch date | Not available | 05-08-2022 |
| Minimum investment | Not available | On an On-going Basis: A. On the Stock Exchange: All categories of investors may purchase the Units of the Scheme through the Stock Exchange(s) on which the units of the Scheme are listed, on any trading day in round lot of one (1) Unit and multiples there |
| Lock in | Not available | None |
| Fund managers | Not available | Abhishek Mor, Arun Agarwal |
| Exit load | Not available | Not available |
Baroda BNP Paribas Value vs HDFC NIFTY 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 Value Fund (Direct) | −1.60% | −5.49% | −5.09% | −7.03% | +8.63% | -- | -- |
| HDFC NIFTY 100 ETF | +1.02% | −5.38% | −3.12% | −8.99% | +8.73% | -- | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | -- | -- |
Category average: the average of the 30 Value and Contra funds, same plan type.
Baroda BNP Paribas Value vs HDFC NIFTY 100 ETF: Year-wise Returns
| Year | Baroda BNP Paribas ValueBaroda BNP Paribas Value | HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF |
|---|---|---|
| 2026to date | −8.29% | −9.57% |
| 2025 | +2.81% | +9.91% |
| 2024 | +16.53% | +12.55% |
| 2023 | -- | +20.87% |
Baroda BNP Paribas Value vs HDFC NIFTY 100 ETF: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Baroda BNP Paribas Value Fund
Rolling returns
Every 3-year holding period, 98 of them, one for each trading day from 09-06-2026 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 Value Fund (Direct)
HDFC NIFTY 100 ETF
Nifty 500 TRI
to
Jun 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 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 Value | 0.0 | 0.0 | 38.8 | 61.2 | 0.0 | 0.0 | 0.0 | 10.2% | 10.7% | 7.4% | 12.8% | 0% |
| HDFC NIFTY 100 ETF | 0.0 | 0.0 | 56.1 | 43.9 | 0.0 | 0.0 | 0.0 | 9.4% | 9.8% | 6.7% | 11.4% | 0% |
| Nifty 500 TRI | 0.0 | 0.0 | 19.4 | 80.6 | 0.0 | 0.0 | 0.0 | 11.8% | 12.5% | 8.8% | 14.1% | -- |
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 500 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 09-06-2023. Past returns do not promise future returns.
Baroda BNP Paribas Value vs HDFC NIFTY 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 09-06-2023 to 30-10-2026: 41 instalments, ₹4,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas ValueBaroda BNP Paribas Value Fund (Direct) | ₹4,10,000 | ₹4,14,219 | ₹4,219 | 0.6% |
| HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF | ₹4,10,000 | ₹4,22,750 | ₹12,750 | 1.8% |
Baroda BNP Paribas ValueBaroda BNP Paribas Value Fund (Direct)
HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF
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 Value vs HDFC NIFTY 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 Value Fund (Direct) | HDFC NIFTY 100 ETF |
|---|---|---|
| Return (CAGR) | −7.03% | −8.99% |
| Standard deviation | 13.10% | 14.04% |
| Sharpe ratio | -0.94 | -1.01 |
| Sortino ratio | -1.22 | -1.35 |
| Maximum drawdown | −12.9% (31-03-2026) | −15.0% (31-03-2026) |
| Beta | 0.88 | 1.00 |
| Alpha | −1.19% | −0.30% |
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 Value Fund (Direct) | HDFC NIFTY 100 ETF |
|---|---|---|
| Return (CAGR) | +8.63% | +8.73% |
| Standard deviation | 14.57% | 13.69% |
| Sharpe ratio | 0.18 | 0.20 |
| Sortino ratio | 0.24 | 0.27 |
| Maximum drawdown | −19.8% (28-02-2025) | −17.3% (28-02-2025) |
| Beta | 0.98 | 1.00 |
| Alpha | −1.48% | −0.35% |
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 Value Fund (Direct) | HDFC NIFTY 100 ETF |
|---|---|---|
| Return (CAGR) | +9.13% | +8.29% |
| Standard deviation | 14.07% | 12.92% |
| Sharpe ratio | 0.21 | 0.17 |
| Sortino ratio | 0.28 | 0.23 |
| Maximum drawdown | −19.8% (28-02-2025) | −17.3% (28-02-2025) |
| Beta | 0.98 | 1.00 |
| Alpha | −1.75% | −0.33% |
From daily NAVs, 09-06-2023 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.
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 Value Fund (Direct)
HDFC NIFTY 100 ETF
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Value Fund (Direct) | −19.8% | 27-09-2024 | 28-02-2025 | Not yet | -- | −14.5% |
| HDFC NIFTY 100 ETF | −17.3% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.6% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 09-06-2023, 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 Value Fund (Direct)
HDFC NIFTY 100 ETF
Nifty 500 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 Value Fund (Direct)
HDFC NIFTY 100 ETF
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Baroda BNP Paribas Value Fund (Direct) | 96% | 101% | 3.86% |
| HDFC NIFTY 100 ETF | 90% | 97% | 2.83% |
From month-end values since 09-06-2023. 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 Value vs HDFC NIFTY 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Value Fund, September 2026; HDFC NIFTY 100 ETF, September 2026
Holdings in common
- Overlap
- 42.4%
- Held by both
- 29
- Only in Baroda BNP Paribas Value
- 24
- Only in HDFC NIFTY 100 ETF
- 71
| Security | % of Baroda BNP Paribas Value | % of HDFC NIFTY 100 ETF |
|---|---|---|
| HDFC Bank Limited | 5.41% | 8.41% |
| ICICI Bank Limited | 5.17% | 7.34% |
| Reliance Industries Limited | 5.16% | 6.15% |
| Larsen & Toubro Limited | 3.88% | 3.41% |
| Infosys Limited | 2.43% | 2.72% |
| State Bank of India | 2.35% | 3.07% |
| ITC Limited | 1.54% | 1.96% |
| Sun Pharmaceutical Industries Limited | 2.67% | 1.49% |
| Hindustan Unilever Limited | 1.29% | 1.29% |
| Maruti Suzuki India Limited | 1.40% | 1.21% |
| Axis Bank Limited | 1.20% | 2.73% |
| Bharat Electronics Limited | 1.90% | 1.08% |
| UltraTech Cement Limited | 1.67% | 1.01% |
| Tata Consultancy Services Limited | 1.00% | 1.62% |
| Divi's Laboratories Limited | 4.04% | 0.92% |
| Power Grid Corporation of India Limited | 1.96% | 0.91% |
| Coal India Limited | 1.12% | 0.79% |
| Eicher Motors Limited | 1.89% | 0.76% |
| Tech Mahindra Limited | 2.39% | 0.75% |
| Tata Motors Ltd | 1.47% | 0.68% |
| Trent Limited | 1.14% | 0.68% |
| Torrent Pharmaceuticals Limited | 2.63% | 0.55% |
| Vedanta Aluminium Metal Limited | 1.78% | 0.54% |
| Tata Power Company Limited | 1.40% | 0.47% |
| Varun Beverages Limited | 0.59% | 0.46% |
| HDFC Life Insurance Company Limited | 1.22% | 0.43% |
| Canara Bank | 1.05% | 0.31% |
| Zydus Lifesciences Limited | 1.89% | 0.22% |
| Hindustan Zinc Limited | 2.33% | 0.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.4% means 42.4% 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 Value Fund
| Security | % of fund |
|---|---|
| Bharat Heavy Electricals Limited | 4.52% |
| GE Vernova T&D India Limited | 2.28% |
| NHPC Limited | 1.99% |
| Oil India Limited | 1.95% |
| Tenneco Clean Air India Limited | 1.80% |
Largest holdings only in HDFC NIFTY 100 ETF
| Security | % of fund |
|---|---|
| Bharti Airtel Ltd. | 4.14% |
| Kotak Mahindra Bank Limited | 2.38% |
| Mahindra & Mahindra Ltd. | 2.04% |
| Bajaj Finance Ltd. | 2.03% |
| Eternal Limited | 1.80% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Value | HDFC NIFTY 100 ETF |
|---|---|---|
| Equity | 98.1% | 100.0% |
| Debt | 0.5% | 0.0% |
| Cash and others | 1.4% | 0.0% |
Market cap of stocks
| Market cap | Baroda BNP Paribas Value | HDFC NIFTY 100 ETF |
|---|---|---|
| Large Cap | 67.3% | 98.0% |
| Mid Cap | 18.9% | 2.0% |
| Small Cap | 10.3% | 0.0% |
| Not on AMFI's list | 1.6% | 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 Value | HDFC NIFTY 100 ETF |
|---|---|---|
| Banks | 17.6% | 25.1% |
| Pharmaceuticals & Biotechnology | 13.3% | 4.3% |
| Petroleum Products | 6.1% | 7.0% |
| Electrical Equipment | 6.8% | 1.5% |
| IT - Software | 6.7% | 6.7% |
| Automobiles | 5.0% | 6.4% |
| Finance | 0.0% | 6.2% |
| Non - Ferrous Metals | 5.6% | 1.8% |
| Telecom - Services | 0.0% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas Value vs HDFC NIFTY 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Value Fund | HDFC NIFTY 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.33% | Not available |
| Base expense ratio (Direct) | 1.02% | 0.00% |
| Total expense ratio (Regular) | 2.39% | Not available |
| Base expense ratio (Regular) | 1.92% | 0.25% |
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
Baroda BNP Paribas Value Fund vs HDFC NIFTY 100 ETF: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Value Fund and HDFC NIFTY 100 ETF?
Baroda BNP Paribas Value Fund is a Value and Contra fund, HDFC NIFTY 100 ETF is an ETF fund, run by Baroda BNP Paribas Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 42.4%. Baroda BNP Paribas Value Fund charges 1.33% a year and HDFC NIFTY 100 ETF 0.31%.
Which has given higher returns, Baroda BNP Paribas Value Fund or HDFC NIFTY 100 ETF?
Over 1 year: Baroda BNP Paribas Value Fund −7.03%, HDFC NIFTY 100 ETF −8.99%. Over 3 years: Baroda BNP Paribas Value Fund +8.63% a year, HDFC NIFTY 100 ETF +8.73% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Value Fund or HDFC NIFTY 100 ETF?
HDFC NIFTY 100 ETF charges less: 0.31% a year against 1.33%. These are the total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Value Fund and HDFC NIFTY 100 ETF overlap?
42.4%. They hold 29 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, Baroda BNP Paribas Value Fund or HDFC NIFTY 100 ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,62,321 in Baroda BNP Paribas Value Fund (XIRR -1.3% a year) and ₹3,71,409 in HDFC NIFTY 100 ETF (XIRR 0.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Baroda BNP Paribas Value Fund and HDFC NIFTY 100 ETF?
Yes. 42.4% 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.