HealthyDirect · GrowthFit for a long SIP
Baroda BNP Paribas Innovation Fund
Baroda BNP Paribas Mutual FundEquity Scheme - Sectoral/ Thematic2.6 years
The scheme seeks to seek long term capital appreciation by investing at least 80% of its net assets in equity/equity related instruments of companies focusing and benefitting from innovation.
- NAV
- 13.5753
- 28 Oct 2026
- 1Y
- +4.5%
- Trailing CAGR
- Upside capture
- +125%
- Vs NIFTY 500 TRI
- Downside capture
- +93%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 77% of rolling 1-year windows.
Buy checklist
History depth
Fail
2.6 years - thin for judging consistency.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
1.28% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -22.3%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Abhay Joshi · 0.3 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 37.6% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 22%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+4.5%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+12.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.7%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +12.2%
- Calendar-day CAGR
- Excess 1Y
- +7.4%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 29 Oct 2026.
- 1Y excess
- +12.4%
- Fund minus TRI
- 3Y excess
- n/a
- Fund minus TRI
- Upside capture
- +125%
- Benchmark-up months
- Downside capture
- +93%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -22.3%
- Worst peak-to-trough
- Current
- -6.5%
- Below last peak
- Current spell
- 58 days
- Days below latest peak
- Time below peak
- +88%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 21 days
- 24 recovered episodes
- Longest recovery
- 395 days
- Trough to prior peak
15 Oct 2024 – 7 May 2026
Trough 7 Apr 2025 · recovered in 395 days
-22.3%
31 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-10.1%
21 May 2024 – 7 Jun 2024
Trough 4 Jun 2024 · recovered in 3 days
-5.9%
7 May 2026 – 19 Jun 2026
Trough 11 Jun 2026 · recovered in 8 days
-5.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
32
Vs category
96
Consistency
77
Risk-adjusted
47
Drawdown
44
Mean
60
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 77% of rolling 1-year windows.
Portfolio
31 Aug 2026 · 51 holdings · top 10 are 37.6%.
- Top 5
- 21.2%
- Top 10
- 37.6%
- Largest holding
- 5.1%
- Effective holdings
- 37.8
One 97 Communications Ltd
Industrials
5.1%
Others CBLO
Unspecified
4.5%
Divi's Laboratories Ltd
Healthcare
4.1%
Linde India Ltd
Materials
3.9%
Hitachi Energy India Ltd
Industrials
3.6%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Kotak Business Cycle Fund
Kotak Mahindra Mutual Fund
- 1Y
- +0.6%
- 3Y
- +15.9%
- Vol
- 12.7%
- Max DD
- -18.4%
- Sharpe
- 0.71
- 3Y win
- +98%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Nippon India Innovation Fund
Nippon India Mutual Fund
- 1Y
- -4.8%
- 3Y
- +12.9%
- Vol
- 14.3%
- Max DD
- -21.5%
- Sharpe
- 0.46
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
ICICI PRUDENTIAL HOUSING OPPORTUNITIES FUND
ICICI Prudential Mutual Fund
- 1Y
- -9.2%
- 3Y
- +10.4%
- Vol
- 12.6%
- Max DD
- -16.7%
- Sharpe
- 0.54
- 3Y win
- +66%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Motilal Oswal Active Momentum Fund
Motilal Oswal Mutual Fund
- 1Y
- +14.2%
- 3Y
- n/a
- Vol
- 17.2%
- Max DD
- -16.6%
- Sharpe
- 0.97
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
Aditya Birla Sun Life Business Cycle Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -0.4%
- 3Y
- +12.7%
- Vol
- 13.9%
- Max DD
- -17.8%
- Sharpe
- 0.37
- 3Y win
- +13%
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Caveat: Higher TER