Baroda BNP Paribas Innovation Fund
Direct–Growth is the plan and option we treat as this fund's main page, so search engines are pointed there. Everything below is this filing's own data.
Fund basics
Everything the NAV says
Computed from 610 published NAVs between 7 Mar 2024 and 28 Aug 2026 — 2.5 years of history. Nothing here is an estimate; it is arithmetic on what the fund actually printed.
How it has moved
Return over time (%)
| Fund name | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Innovation Fund Regular | 4.59 | 8.99 | 13.08 | 14.64 | — | — | — | — | 14.36 |
| Nifty 500 benchmark | 0.87 | 4.31 | 2.15 | 5.20 | 12.49 | 11.41 | — | — | 15.49 |
| Sectoral / Thematic category median · 131 funds | — | — | — | 5.66 | 15.62 | 12.90 | — | 13.92 | — |
Anything over a year is annualised (CAGR); shorter windows are absolute. The benchmark row is the index fund named below, priced daily by AMFI like every other scheme here. The category row is the median Regular plan in Sectoral / Thematic — the middle fund, not a ranking, and a median rather than an average so that one mis-stated scheme cannot move it. As on 27 Aug 2026.
Risk measures
| Fund name | Volatility | Sharpe | Sortino | Beta | Alpha | Max fall |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Innovation Fund Regular | 15.72 | 0.50 | 0.70 | 0.99 | 6.55 | -22.88 |
| Nifty 500 benchmark | 17.16 | 0.35 | 0.47 | — | — | -37.31 |
Risk-free rate 6.5%. Beta and alpha need an index, so the benchmark's own row leaves them blank.
Against its benchmark
Regressed on the 29 months this fund and Nifty 500 (via Motilal Oswal Nifty 500 Index Fund) both have. Alpha is Jensen's — the return left over after the market move this fund's own beta would predict.
| Alpha | Beta | R² | Fund vs index | Up capture | Down capture | Tracking error | Information ratio | Treynor |
|---|---|---|---|---|---|---|---|---|
| 6.55% | 0.99 | 83% | 6.54% | 121% | 95% | 7.09% | 0.92 | 8.63 |
Up and down capture are the pair worth reading together: a fund that takes 95% of the rises but only 80% of the falls is doing something a headline CAGR will never show you.
Risk
| Volatility | Downside volatility | Sharpe | Sortino |
|---|---|---|---|
| 15.7% | 11.3% | 0.50 | 0.70 |
Risk-free rate 6.5%, roughly the 10-year government bond.
The worst it has been
| Deepest fall | Time to recover | Today, from its peak |
|---|---|---|
| -22.9% | 15 months | At a high |
A drawdown is the fall from a previous high to the low that followed it. It is the number that decides whether somebody stays invested — a fund can have an excellent ten-year return and still have been unbearable to hold in year four.
Every one-year period it has lived through
| Best year | Median year | Worst year | Losing years |
|---|---|---|---|
| 16.9% | 4.9% | -7.0% | 22% |
Rolling returns ask a fairer question than a single five-year figure: not "what did it do from this one start date", but "what happened across every start date". A fund whose worst year is −45% is a different proposition from one whose worst is −8%, even if the averages match.
Calendar years
How it compares in its category
Against the Sectoral / Thematic Regular schemes with the highest three-year return. Same category, same plan — the only comparison that means anything. The list re-sorts itself as returns move; it is an ordering by one number, not a view on which fund anyone should hold.
| Scheme | Return | Alpha | Beta | Volatility | Sharpe | Max fall |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Innovation Fund Baroda BNP Paribas Mutual Fund · this scheme | — | 6.6% | 0.99 | 15.7% | 0.50 | -22.9% |
| Nippon India Taiwan Equity Fund Nippon India Mutual Fund | 58.9% | 29.2% | 0.49 | 32.3% | 1.62 | -45.5% |
| HDFC Defence Fund HDFC Mutual Fund | 37.7% | 29.0% | 1.60 | 24.8% | 1.26 | -35.0% |
| ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND ICICI Prudential Mutual Fund | 24.1% | 12.0% | 1.01 | 15.7% | 1.12 | -24.0% |
| LIC MF Infrastructure Fund LIC Mutual Fund | 23.8% | 6.8% | 1.08 | 20.6% | 0.84 | -50.8% |
| Franklin Asian Equity Fund Franklin Templeton Mutual Fund | 23.3% | 1.3% | 0.52 | 16.9% | 0.99 | -42.8% |
| SBI PSU FUND SBI Mutual Fund | 22.4% | 5.7% | 1.00 | 18.9% | 0.84 | -48.1% |
| SBI HEALTHCARE OPPORTUNITIES FUND SBI Mutual Fund | 23.6% | 14.3% | 0.62 | 18.1% | 0.94 | -63.4% |
| UTI - Healthcare Fund UTI Mutual Fund | 23.8% | 12.4% | 0.66 | 16.1% | 1.07 | -33.9% |
Alpha and beta are against Nifty 500. Max fall is the deepest peak-to-trough drop in each fund's own history, so a longer-running fund has had more chances to record a bad one. Click a column to sort. This is a sort, not a ranking, and nothing here is a recommendation.
What a Sectoral / Thematic scheme is
At least 80% in one sector or theme.
The same concentration risk as any sector fund. Themes are usually launched after the theme has already run, which is why the average investor's return in these funds trails the funds' own published returns.
Who it suits. A small, deliberate satellite position — rarely a core holding.
How long money should stay. Through a full cycle.
Questions people ask
What is the NAV of Baroda BNP Paribas Innovation Fund — Regular Plan — Growth Option?
₹13.9948 as on 27 Aug 2026, from AMFI's daily NAV file. NAV is declared once each business day after markets close, so the figure here is the most recent one published.
What is the difference between the Direct and Regular plan of Baroda BNP Paribas Innovation Fund?
They hold the identical portfolio, run by the same manager. A Regular plan pays a distributor commission out of the fund, inside its expense ratio — commonly 0.5% to 1.2% a year more than Direct. That difference is charged on the whole balance, every year, so it compounds: on ₹1,00,000 held ten years a gap of 1.5 percentage points is roughly ₹1.4 lakh of ending value. Direct is the same fund without the commission.
What does the Growth option mean?
Growth reinvests everything the fund earns back into the NAV. Nothing is paid out, so the NAV rises with returns and you are taxed only when you sell. For anybody who does not need income from the investment, Growth is the simpler and usually the more tax-efficient option.
What kind of scheme is this?
At least 80% in one sector or theme. The same concentration risk as any sector fund. Themes are usually launched after the theme has already run, which is why the average investor's return in these funds trails the funds' own published returns.
How long should money stay in it?
Typically Through a full cycle. A small, deliberate satellite position — rarely a core holding.