A monthly SIP of Rs 10,000 in this fund has fetched Rs 8.51 lakh since 2020. Learn more

Baroda BNP Paribas Large & Mid Cap Fund has just completed four years. The fund, which was launched in August 2020, has beaten its benchmark since inception and has been actively building wealth for investors. A monthly SIP of Rs 10,000 since the inception of the scheme would have grown to Rs 8.51 lakh by August 31, 2024.

Baroda BNP Paribas Large & Mid Cap Fund has assets under management of Rs 1,443 crores as of June 30, 2024, which is a mid-sized fund in its category. The fund has an expense ratio of 0.88%, which is higher than what most other Large & Midcap funds in the market typically charge.

The four-year scheme delivered above-average returns for its peer group category while maintaining a beta lower than the benchmark. This means the scheme offered better downside protection during market downturns while beating the benchmark during upturns. Investors in the systematic investment plan (SIP) have returned 53.0% in the last one year and 32.04% since the fund’s inception.

The scheme strategically invested at least 35% in large and mid-cap stocks, while appropriately utilising the remainder in small-cap stocks and cash, providing balanced exposure to established and emerging companies.

Diagram/reference point	1-year returns	3-year returns	Since the beginning of its existence
Baroda BNP Paribas Large and Mid Cap Fund	49.78%	22.04%	29.84%
BSE 250 Large Midcap Total Return Index	40.31%	18.16%	26.271%

“Baroda BNP Paribas Large & Mid Cap Fund gives investors exposure to established and emerging companies that can be leaders in niche markets or potential large caps of the future. Since 2006, we have seen the market move in phases; in some cases large caps have done well and in others mid caps have come to the fore. The fund’s outperformance of the benchmark over the 1 and 3 year periods supports the notion that stock selection is the key to alpha,” the fund said.

Baroda BNP Paribas Large & Mid Cap Fund strategically allocates a significant portion of its portfolio to key sectors including financials, services, technology, energy and healthcare. Notably, it maintains a relatively lower exposure to financials and services sectors compared to its category peers.

The fund’s top five holdings are Infosys Ltd., HDFC Bank Ltd., Oil India Ltd., PB Fintech Ltd. and Dixon Technologies (India) Ltd. These holdings reflect the fund’s focus on holding companies across sectors to optimise returns for investors.