Baroda BNP Paribas Energy Opportunities Fund
Direct · GrowthAI Summary
The fund has outperformed the NIFTY 50 across most periods, delivering a 1Y XIRR of 8.91% against a benchmark CAGR of -2.9% over the same period, with positive alpha at 1Y (6.46%), 3Y (3.30%), and 5Y (1.27%). However, it trails the category average SIP XIRR of 14.1% for 1Y, and its alpha turns negative beyond 10 years (-0.23% at 10Y, -0.72% at 15Y), suggesting weaker long-term relative performance. Calendar year returns of 16.28% in 2025 and 2.38% in 2026 YTD indicate recent momentum has moderated.
The fund exhibits low volatility characteristics with a beta of 0.66-0.74 versus the NIFTY 50, capturing only 75.73% of upside but also just 64.66% of downside over 1Y. Current drawdown metrics are benign, with a maximum drawdown of just -0.08% recovered in 22 days and zero drawdown events exceeding 10%. The 1Y Calmar ratio of 1.30 reflects solid risk-adjusted returns, though the low downside capture of 71.56% at longer horizons confirms a defensive profile that may lag in strong bull markets.
The portfolio is concentrated in the energy value chain, with Power (24.4%), Petroleum Products (16.1%), and Oil (10.5%) dominating sector allocation. Top holdings include Reliance Industries (8.62%), ONGC (6.77%), Coal India (6.58%), and NTPC (6.46%), with the top 10 positions accounting for roughly 48.75% of NAV across 31 total holdings. The presence of BHEL, Cummins, and L&T shows some diversification into energy-adjacent industrial and construction names.
The fund underperforms its Sectoral/Thematic category peers on SIP XIRR, with 8.91% versus the category average of 14.1% over 1Y. Its consistent positive alpha versus the NIFTY 50 over 1Y to 5Y horizons shows benchmark-beating capability, but the negative alpha at 10Y and beyond indicates this edge has not been sustained over very long periods. The defensive, low-beta approach differentiates it from more aggressive sector funds but has limited its upside participation.
This fund suits investors with a high risk tolerance who want targeted exposure to the energy and power sectors as a satellite allocation, not a core holding. A horizon of at least 5 years is advisable given sector cyclicality and the fund's muted long-term alpha. Investors should be comfortable with concentration risk, as nearly 70% of the portfolio sits in just five sectors tied to energy and power themes.
- Consistent positive alpha versus NIFTY 50 over 1Y (6.46%), 3Y (3.30%), and 5Y (1.27%) horizons
- Low downside capture of 64.66% (1Y) and 71.56% (longer periods), providing downside protection during market declines
- Excellent current drawdown profile with a maximum drawdown of only -0.08% and zero drawdown events exceeding 10%
- 1Y XIRR of 8.91% significantly trails the category average SIP XIRR of 14.1%
- Alpha turns negative over long horizons (-0.23% at 10Y, -0.72% at 15Y), indicating weak sustained outperformance
- Heavy sector concentration with Power (24.4%), Petroleum Products (16.1%), and Oil (10.5%) exposing investors to energy cycle risk
Generated on 09-09-2026, 3:31 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.45 L | 8.9% | -3.6% | 22.0% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 8.9% | 14.4% | 14.1% | -5.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 10.5% | 9.6% | 0.8% | 24.3% | 0.70 | 2.66 | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +6.46 | 0.66 | 75.7% | 64.7% | 6.8% | -2.9% |
| 3 Years | +3.30 | 0.74 | 84.5% | 71.6% | 6.2% | 1.6% |
| 5 Years | +1.27 | 0.74 | 84.5% | 71.6% | 3.7% | 1.0% |
| 7 Years | +0.41 | 0.74 | 84.5% | 71.6% | 2.6% | 0.7% |
| 10 Years | -0.23 | 0.74 | 84.5% | 71.6% | 1.8% | 0.5% |
| 12 Years | -0.47 | 0.74 | 84.5% | 71.6% | 1.5% | 0.4% |
| 15 Years | -0.72 | 0.74 | 84.5% | 71.6% | 1.2% | 0.3% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Reliance Industries Limited | 8.65% |
| 2 | NTPC Limited | 6.26% |
| 3 | Oil & Natural Gas Corporation Limited | 6.10% |
| 4 | Bharat Heavy Electricals Limited | 4.82% |
| 5 | Power Grid Corporation of India Limited | 4.62% |
| 6 | Larsen & Toubro Limited | 4.35% |
| 7 | Coal India Limited | 4.07% |
| 8 | Cummins India Limited | 4.07% |
| 9 | NHPC Limited | 4.04% |
| 10 | Oil India Limited | 4.04% |