August 14, 2025
RA Jainee
Baroda BNP Paribas Business Conglomerates details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. Basic Details NFO
4. Benchmark Index NFO
5. Fund Manager | Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the Baroda BNP Paribas Business Conglomerates Open Date, Close Date?
NFO opens on September 02, 2025
NFO will close on September 15, 2025
Investment Strategy for this NFO?
The Scheme seeks to achieve long term capital appreciation by investing in equity and equity related securities of companies that are part of business conglomerates in India. The Scheme does not guarantee/indicate any returns.
Basic Details
| Fund House | Baroda BNP Paribas Mutual Fund |
| Issue Open | 02 September 2025 |
| Issue Close | 15 September 2025 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year |
| Riskometer | Very High |
| Benchmark | BSE Select Business Groups TRI |
About Benchmark Index for this NFO?
The BSE Select Business Groups index measures the performance of the top 30 companies from the largest seven business groups in India, selected
based on free-float market capitalization from the BSE 500 index.The index excludes the companies belonging to the Financial Services sector.
Methodology:
1. • The Index measures the performance of the top 30 companies from the largest seven business groups in India & excludes the companies
belonging to the Financial Services sector.
2. • Maximum number of constituents are 30 & Maximum business groups in the index is 7.
3. • Constituents are subject to an individual stock weight cap of 23% and individual business group weight cap of 23% applied at each
quarter rebalancing.
For complete details please view the Methodology document at
https://www.bseindices.com/Downloads/BSE_Thematic_Indices_Methodology.pdf
Quick Facts
| Launch Date | 8th October 2024 |
| First Vlaue Date | 23rd June 2014 |
| Base Value | 1000 |
| Number of Constituents | 30 |
| Reconstitution Frequecy | Semiannually in June and December |
| Weighting Method | Capped Float-adjusted market cap weighted |
| Index Universe | BSE 500 |
| Calculation Currencies | INR |
Fund Managers of Baroda BNP Paribas Business Conglomerates
1) Jitendra Sriram
Education: Mr. Sriram is a B.E (Electrical) and holds a post graduate diploma in Business Management.
Experience: Prior to joining Baroda BNP Paribas Mutual Fund, he has worked with HSBC AMC, Deutsche Equities Pvt. Ltd., HSBC Securities, Capital Markets Pvt. Ltd. and ITC Classic Share & Stock Broking.
2) Kushant Arora
Education: CA, FRM
Experience: Prior to Joining the Baroda BNP paribas asset management Ltd. He has worked with VLS Finance Ltd , Baroda asset management India Ltd, UTI asset management com Ltd and Axis sercurities.
AMC
Baroda BNP Paribas Asset Management (India) Private Ltd.
Address: BNP Paribas House, 7th Floor, G-Block, Bandra Kurla Complex, Bandra Mumbai – 400051
Website: https://www.barodabnpparibasmf.in/
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for Baroda BNP Paribas Business Conglomerates @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of BSE Select Business Groups TRI
Performance
| INDEX LEVEL | RETURNS | ANNUALIZED RETURNS | ||||||
| 1 MO | 3 MOS | YTD* | 1 YR | 3 YRS | 5 YRS | 10 YRS | ||
| TOTAL RETURNS | 4642.65 | -4.39% | 3.36% | 2.53% | -8.77% | 12.09% | 24.39% | 16.42% |
| PRICE RETURNS | 4179.37 | -4.57% | 2.80% | 1.96% | -9.45% | 11.27% | 23.43% | 15.37% |
Risk
| Index Level | Annualised Risk | ANNUALIZED RISK-ADJUSTED RETURNS | ||||||
| 1 YRS | 3 YRS | 5 YRS | 10 YRS | 1 YRS | 3 YRS | 5 YRS | 10 YRS | |
| Total Returns | 16.63% | 17.89% | 17.54% | 20.06% | -0.53 | 0.67 | 1.39 | 0.82 |
| Price Returns | 16.59% | 17.79% | 17.49% | 20.09% | -0.57 | 0.63 | 1.34 | 0.77 |
Fundamentals
| PE | PB | DIV. YIELD% |
| 27.26 | 3.93 | 0.75 |
Index Characteristics
| NUMBER OF CONSTITUENTS | – |
| CONSTITUENT MARKET CAP [INR CRORE] | |
| MEAN TOTAL MARKET CAP | 267774.07 |
| LARGEST TOTAL MARKET CAP | 1881419.72 |
| SMALLEST TOTAL MARKET CAP | 37972.05 |
| MEDIAN TOTAL MARKET CAP | 154737.59 |
| WEIGHT LARGEST CONSTITUENT [%] | 22.74 |
| WEIGHT TOP 10 CONSTITUENTS [%] | 72.72 |
Note on Benchmark Performance:
1) About the Benchmark Index
The Baroda BNP Paribas Business Conglomerates Fund will track the BSE Select Business Groups TRI, which comprises the top 30 companies from the seven largest business groups in India, excluding the financial services sector. Constituents are selected from the BSE 500 based on free-float market capitalization, with caps on individual stock and group weights (23%). The index has delivered strong long-term returns, with a 10-year annualized total return of 16.42%, though the last one year saw a decline of -8.77%, reflecting recent market corrections.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Jitendra Sriram
| Fund | Baroda BNP Paribas Large Cap Fund | It’s Benchmark | Baroda BNP Paribas Multi Asset Fund | It’s Benchmark |
| 1 Year | -2.06 | 2.18 | 6.07 | 4.12 |
| 3 Year | 15.22 | 14.03 | — | — |
| 5 Year | 18.24 | 19.20 | — | — |
| 7 Year | 13.99 | 13.53 | — | — |
| 10 Year | 12.08 | 13.24 | — | — |
AS ON 14-8-2025
Past Performance of Kushant Arora
| Fund | Baroda BNP Paribas Large Cap Fund | It’s Benchmark | Baroda BNP Paribas Manufacturing Fund | It’s Benchmark |
| 1 Year | -2.06 | 2.18 | -2.54 | 0.49 |
| 3 Year | 15.22 | 14.03 | — | — |
| 5 Year | 18.24 | 19.20 | — | — |
| 7 Year | 13.99 | 13.53 | — | — |
| 10 Year | 12.08 | 13.24 | — | — |
AS ON 14-8-2025
Note on Fund Managers’ performance
The fund will be managed by Jitendra Sriram and Kushant Arora, both having extensive experience in equity markets. Sriram’s track record in Baroda BNP Paribas Large Cap Fund shows consistent 3-year and 5-year returns above 15% and 18% respectively, slightly outperforming benchmarks in the medium term. Arora has managed sector-focused funds like Baroda BNP Paribas Manufacturing Fund, where performance has been mixed, with some underperformance in the short term but competitive longer-term numbers in other mandates.
[ C ] Final Verdict
The NFO offers investors exposure to large, diversified Indian business groups with strong market presence. While the theme benefits from the stability and scale of conglomerates, the exclusion of the financial sector and concentration in a few large groups may limit diversification. Given the high long-term return potential but recent short-term volatility, this fund may suit investors with a high risk appetite and a 5+ year investment horizon who are comfortable with thematic equity exposure.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
This NFO invests in the top 30 companies from the seven largest business groups in India, excluding the financial services sector, based on the BSE Select Business Groups TRI index
The fund is managed by Jitendra Sriram and Kushant Arora, both with strong experience in managing equity portfolios across sectors and market caps.
The benchmark is the BSE Select Business Groups TRI, which has delivered a 10-year annualized return of 16.42% but saw a -8.77% decline in the last 1 year due to market corrections.
The fund is rated Very High Risk due to its thematic focus and concentration in large business groups, making it suitable for aggressive investors with a long-term view.
This fund may suit investors seeking long-term capital appreciation from India’s leading business conglomerates, provided they have a high risk appetite and are willing to invest for 5 years or more.
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