Fundalysisby DARKHORSESTOCKS

Scheme

Baroda BNP Paribas Business Conglomerates Fund

Holds 43 companies worth ₹558 Cr in Sept 2026.

  • Fund house

    BNPThe fund house that runs this scheme.

  • AUM

    ₹579 CrBaroda BNP Paribas Business Conglomerates Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 10.5% on Aug 2026, ₹647 Cr.

  • Largest holding

    Larsen and ToubroLarsen and Toubro is 7.8% of this scheme's NAV.

  • Fund manager

    Kushant AroraRuns it since 22 Sept 2025, as the fund house dates it. With Rohan Korde (fund manager).

Overview(14 Sept 2026)

Fund managers2

  1. Kushant AroraFund manager · Sept 2025 · 11y · CA FRM
  2. Rohan KordeFund manager · Jul 2026 · 22y · MMS B.Com
  1. Jitendra SriramSept 2025 – Jul 2026

Key facts

Benchmark
Nifty Conglomerate 50 Index
Risk
Very high
Expense
Regular 2.5% · Direct 0.93%
Exit load
10% within 1 year
Started
22 Sept 2025
Minimum
Lumpsum investment - Rs 1000

Source.Its Scheme Summary Document as of 14 Sept 2026 at AMFI.

What changed(12 changes)

Sept 2026

1 change
  1. Expense ratio
    14 SeptRegular 2.51% → 2.5%Direct 0.94% → 0.93%

Aug 2026

1 change
  1. Expense ratio
    13 AugRegular 2.83% → 2.51%Direct 1.25% → 0.94%

Jul 2026

3 changes
  1. Rohan Korde joined
    14 Julas fund manager
  2. Jitendra Sriram left
    14 Julran it as fund manager from Sept 2025
  3. Expense ratio
    14 JulRegular 2.45% → 2.83%Direct 0.87% → 1.25%

Source.Its filings at NSE, since Oct 2025.

Fund managers over time(Sept 2025 – now)

  1. Kushant Arora
  2. Rohan Korde
  3. Jitendra Sriram
MainCoSlice2026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Oct 2025 – Sept 2026)

Every change to the expense ratio, newest first.
10 changesRegularDirectΔ pt
14 Sept 20262.50%0.93%0.01
13 Aug 20262.51%0.94%0.31
14 Jul 20262.83%1.25%0.38
14 Jun 20262.45%0.87%0.06
14 May 20262.39%0.81%0.01
14 Apr 20262.41%0.82%0.22
12 Jan 20262.28%0.60%0.01
14 Dec 20252.27%0.59%0.09
14 Nov 20252.26%0.50%0.01
15 Oct 20252.27%0.51%–
Direct plan, 14 Sept 2026
0.93%
Regular plan 2.50% · Exit load 10% within 1 year
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(14 Sept 2026)

Objective

The investment objective of the Scheme is 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. However, there can be no assurance that the investment objective of the Scheme will be realized.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended equity scheme investing in equity and equity related securities of companies that are part of business conglomerates in India
Benchmark
Nifty Conglomerate 50 Index
Benchmark 2
Nifty 50 TRI

Asset allocation it may hold% of NAV

  1. Equity and equity related instruments of companies that are part of business conglomerates in India
    Allowed80–100%
  2. Equity and equity related instruments of companies other than above
    Allowed0–20%
  3. Money Market and other liquid instruments*, Gold and Silver instruments (through ETFs
    Allowed0–20%
  4. Units of Mutual Fund( domestic schemes)
    Allowed0–10%
  5. Units of Mutual Funds as permitted by SEBI$
    Allowed0–10%

Holds in Sept 2026.96.4% equity · 3.6% debt and cash

How to invest(14 Sept 2026)

Buying

To start
Lumpsum investment - Rs 1000, then in multiples of ₹1
To add
₹1,000, then multiples of Rs1/- therefore
Most
NIL
Systematic
SIP - Daily, Weekly, Monthly, Quarterly SWP - Weekly, Monthly & Quarterly STP - Daily, Weekly, Fortnightly, Monthly & Quarterly
Minimum
SIP - 500 for daily, weekly & monthly and 1500 for quarterly SWP - Rs. 1000 for Weekly, Monthly and 1500 for quarterly STP - Rs. 1000 for daily, weekly, fortnightly, monthly and Rs. 1500 for quarterly, then sIP - Rs. 1 SWP - Rs. 1 STP - Rs. 1

Selling and switching

To redeem
Rs 1000 and multiples of Rs1/- therefor or There will be no minimum redemption criterion for Unit based redemption units
Minimum balance
NIL or NIL units
Switch minimum
Lumpsum investment - Rs 1000 or NIL units
Switch multiples
Multiples of Rs1/- therefore or NIL units
Switch most
NIL or NIL units

Scheme details(14 Sept 2026)

What it is

Category
Sectoral/Thematic Fund - Conglomerate Theme
Offer
2 Sept 2025 to 16 Sept 2025
Started
22 Sept 2025
Reopened
25 Sept 2025
Matures
NIL
Plans
Baroda BNP Paribas Business Conglomerates Fund - Regular Plan · Baroda BNP Paribas Business Conglomerates Fund - Direct Plan
Face value
₹10
Listed
At present, the Units of the Scheme are not proposed to be listed on any stock exchange. However, the AMC / Trustee may at their sole discretion list the Units under the Scheme on one or more stock exchanges at a later date.

How it is run

Swing pricing
NIL
Side-pocketing
Yes
Custodian
Deutsche Bank AG
Auditor
SR Batliboi & Co LLP
Registrar
KFin Technologies Limited
SEBI code
BBNP/O/E/THE/25/05/0052