Baroda BNP Paribas India Consumption Fund
Direct · GrowthAI Summary
The fund has delivered strong SIP XIRR of 19.47% over 3Y and 19.11% over 5Y, comfortably ahead of the category averages of 16.82% and 16.95% respectively. On a lump-sum basis, it has consistently outperformed the NIFTY 50, with alpha of 4.89% over 3Y and 5.07% over 5Y (fund CAGR 12.37% and 12.61% vs benchmark 7.75% and 7.83%). Recent performance has softened, with calendar year returns of just 1.59% in 2025 and -2.42% in 2026 so far.
The fund exhibits low volatility relative to the market, with a beta of 0.78 across most periods and downside capture of roughly 71-79%, meaning it falls significantly less than the NIFTY 50 in weak markets. Maximum drawdown was a modest -0.31% with a 32-day duration, though recovery took 233 days and there have been 3 drawdown events exceeding 10%. Calmar ratios of 0.65 over 3Y and 5Y indicate reasonable risk-adjusted returns, aided by the fund's defensive capture profile.
The portfolio is concentrated in consumption-linked themes, with Automobiles dominating at 27.6% of assets, followed by Retailing (14.2%) and Consumer Durables (13.0%). The top 10 holdings account for roughly 53% of the 36-stock portfolio, led by Titan Company (8.07%), Bharti Airtel (6.86%), and Mahindra & Mahindra (6.77%). Five of the top ten holdings are automobile companies, creating meaningful single-sector concentration risk.
The fund beats the sectoral/thematic category average SIP XIRR across all listed horizons, including 16.20% vs 16.51% at 7Y where the gap narrows, while leading clearly at 1Y (18.96% vs 14.1%). Its consistent alpha over the benchmark across 1Y to 15Y windows demonstrates durable stock-selection skill rather than a single-period fluke. However, the recent 2025-2026 flat-to-negative returns suggest the consumption theme is currently out of favor.
This fund suits investors with high risk tolerance who understand sectoral/thematic funds carry concentrated, cyclical exposure and can withstand multi-year underperformance phases. A time horizon of at least 5-7 years is advisable to ride through consumption-cycle downturns, as seen in the weak 2025-2026 returns. It should be a satellite allocation within a diversified portfolio, not a core holding, given its thematic mandate.
- SIP XIRR of 19.47% (3Y) and 19.11% (5Y) outperforms category averages of 16.82% and 16.95% respectively
- Consistent positive alpha versus NIFTY 50 across all periods from 1Y to 15Y, peaking at 6.39% over 7Y
- Defensive risk profile with beta of 0.77-0.87 and downside capture of 70-79%, limiting losses in market declines
- Heavy sector concentration with Automobiles at 27.6% and five auto names in the top ten holdings
- Recent momentum has faded, with returns of just 1.59% in 2025 and -2.42% in 2026 year-to-date
Generated on 11-09-2026, 3:11 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 | ₹12.89 L | 19.0% | -36.6% | 71.6% |
| 3 Years | ₹36.00 L | ₹46.95 L | 19.5% | -0.7% | 36.4% |
| 5 Years | ₹60.00 L | ₹95.91 L | 19.1% | 7.4% | 30.2% |
| 7 Years | ₹84.00 L | ₹1.47 Cr | 16.2% | 12.0% | 20.1% |
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 | 19.0% | 14.4% | 12.2% | +4.5% |
| 3 Years | 19.5% | 11.1% | 15.8% | +8.4% |
| 5 Years | 19.1% | 10.4% | 15.8% | +8.7% |
| 7 Years | 16.2% | 10.6% | 15.5% | +5.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 19.0% | 15.6% | -11.5% | 72.1% | 0.75 | 3.58 | 89% | — | — |
| 3 Years | 20.1% | 20.3% | 10.7% | 29.9% | 3.66 | — | 100% | — | — |
| 5 Years | 20.2% | 21.2% | 11.9% | 27.1% | 3.64 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +1.03 | 0.87 | 83.8% | 79.3% | -0.7% | -2.9% |
| 3 Years | +4.89 | 0.78 | 82.6% | 74.7% | 12.4% | 7.8% |
| 5 Years | +5.07 | 0.78 | 81.1% | 73.2% | 12.6% | 7.8% |
| 7 Years | +6.39 | 0.77 | 79.4% | 71.4% | 17.0% | 11.8% |
| 10 Years | +5.74 | 0.77 | 80.0% | 70.5% | 13.3% | 7.9% |
| 12 Years | +4.44 | 0.77 | 80.0% | 70.5% | 11.0% | 6.5% |
| 15 Years | +3.19 | 0.77 | 80.0% | 70.5% | 8.7% | 5.2% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Titan Company Limited | 8.07% |
| 2 | Bharti Airtel Limited | 6.86% |
| 3 | Mahindra & Mahindra Limited | 6.77% |
| 4 | Maruti Suzuki India Limited | 6.18% |
| 5 | Eicher Motors Limited | 5.47% |
| 6 | Eternal Limited | 5.42% |
| 7 | TVS Motor Company Limited | 4.93% |
| 8 | Nestle India Limited | 3.27% |
| 9 | The Phoenix Mills Limited | 3.14% |
| 10 | Bajaj Auto Limited | 2.92% |