Fundalysisby DARKHORSESTOCKS

Scheme

Baroda BNP Paribas Nifty Midcap 150 Index Fund

Holds 150 companies worth ₹9.7 Cr in Sept 2026.

  • Fund house

    BNPThe fund house that runs this scheme.

  • AUM

    ₹9.8 CrBaroda BNP Paribas Nifty Midcap 150 Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.5% on Aug 2026, ₹10.5 Cr.

  • Largest holding

    Multi Commodity Exchange of India LimitedMulti Commodity Exchange of India Limited is 2.0% of this scheme's NAV.

  • Fund manager

    Neeraj SaxenaRuns it since 4 Nov 2024, as the fund house dates it. With Meenakshi Gururaj (fund manager).

Overview(5 Oct 2026)

Fund managers2

  1. Neeraj SaxenaFund manager · Nov 2024 · 21y · PGDM
  2. Meenakshi GururajFund manager · May 2026 · 17y · MBA

    Key facts

    Benchmark
    Nifty Midcap 150 TRI
    Risk
    Very High
    Expense
    Regular 1.25% · Direct 0.58%
    Exit load
    0.2% within 7 days
    Started
    4 Nov 2024
    Minimum
    ₹1,000

    Source.Its Scheme Summary Document as of 5 Oct 2026 at AMFI.

    What changed(8 changes)

    Sept 2026

    1 change
    1. Expense ratio
      14 SeptRegular 1.22% → 1.21%Direct 0.55% → 0.54%

    Aug 2026

    1 change
    1. Expense ratio
      13 AugRegular 1.06% → 1.22%Direct 0.39% → 0.55%

    Jul 2026

    1 change
    1. Expense ratio
      14 JulRegular 1.93% → 1.06%Direct 1.25% → 0.39%

    Source.Its filings at NSE, since Dec 2024.

    Fund managers over time(Nov 2024 – now)

    1. Neeraj Saxena
    2. Meenakshi Gururaj
    MainCoSlice20252026
    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(Dec 2024 – Oct 2026)

    Every change to the expense ratio, newest first.
    8 changesRegularDirectΔ pt
    14 Sept 20261.21%0.54%0.01
    13 Aug 20261.22%0.55%0.16
    14 Jul 20261.06%0.39%0.86
    14 Jun 20261.93%1.25%0.86
    14 May 20261.06%0.39%0.87
    14 Apr 20261.93%1.26%0.87
    14 May 20251.08%0.39%0
    13 Dec 20241.09%0.39%–
    Direct plan, 14 Sept 2026
    0.54%
    Regular plan 1.21% · Exit load 0.2% within 7 days
    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(5 Oct 2026)

    Objective

    The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Total Returns Index before expenses, subject to tracking errors, fees and expenses. However, there is no assurance that the objective of the Scheme will be realized, and the Scheme does not assure or guarantee any returns

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open-ended scheme replicating / tracking the Nifty Midcap 150 Total Return Index
    Benchmark
    Nifty Midcap 150 TRI

    Asset allocation it may hold% of NAV

    1. Equity & Equity related securities of companies constituting Nifty Midcap 150 Index
      Allowed95–100%Holds99.5%
    2. Money Market instruments & Units of Liquid scheme & Cash & cash equivalents
      Allowed0–5%

    Holds in Sept 2026.99.5% equity · 0.5% debt and cash

    How to invest(5 Oct 2026)

    Buying

    To start
    ₹1,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    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
    ₹1,000 or There will be no minimum redemption criterion for Unit based redemption units
    Switch minimum
    Minimum Amount for Switch In : 1000 Minimum Amount for Switch Out : 1000

    Scheme details(5 Oct 2026)

    What it is

    Category
    Index Fund
    Offer
    14 Oct 2024 to 28 Oct 2024
    Started
    4 Nov 2024
    Reopened
    6 Nov 2024
    Plans
    Regular & Direct
    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
    No
    Side-pocketing
    Yes
    Custodian
    Deutsche Bank AG
    Auditor
    S.R. Batliboi & Co. LLP, Chartered Accountants
    Registrar
    KFin Technologies Limited
    SEBI code
    BBNP/O/O/EIN/24/07/0045