Baroda BNP Paribas Large and Mid Cap Fund
Direct · GrowthAI Summary
The fund has delivered consistent alpha over the NIFTY 50 across all periods, with 3Y alpha of 7.51% (Fund CAGR 13.73% vs Benchmark 6.22%) and 5Y alpha of 5.67% (Fund CAGR 11.07% vs 5.35%). SIP XIRR stands at 19.19% over 3Y, ahead of the category average of 18.19%, though the 5Y XIRR of 14.75% trails the category average of 18.04%. Beta remains below 1 across periods, indicating the fund moves slightly less than the index.
Better-than-indexdownside capture (88-91% across periods) with near-parity upside capture has driven the alpha, making this fund outperform through risk control rather than aggressive upside. The Calmar ratios of 0.93 (1Y), 0.99 (3Y), and 0.84 (5Y) indicate strong return per unit of drawdown. Only 2 drawdown events exceeding 10% occurred, with the maximum drawdown taking 245 days to trough and 350 days to recover.
No individual holdings or sector data was provided for this analysis, so portfolio-level composition commentary is limited to its mandate: as a Large & Mid Cap fund it must hold at least 35% each in large-cap and mid-cap stocks, offering diversified exposure across market-cap segments. Investors should review current holdings separately to assess concentration. The fund's beta below 1 suggests tilts toward lower-volatility large-cap names.
The fund beats the category on SIP XIRR over 1Y (11.32% vs 11.01%) and 3Y (19.19% vs 18.19%), but lags over 5Y (14.75% vs 18.04%), suggesting shorter-term outperformance has not fully held over longer horizons. Calendar-year returns show strong consistency with positive years in 5 of the last 7 (including 44.69% in 2021 and 30.83% in 2023) but weakness recently (-4.82% in 2026). This indicates variable performance rather than steady peer-beating results.
This fund suits investors seeking large-cap stability with mid-cap growth exposure, given its consistent sub-1 beta and strong downside protection versus the index. A minimum horizon of 5-7 years is advisable, as shown by the strong 7Y alpha of 6.02% and fund CAGR of 16.2% versus the benchmark's 10.45%. Investors should have moderate-to-high risk tolerance, accepting drawdowns lasting up to a year with recovery taking roughly 12 months.
- Consistent positive alpha over NIFTY 50 across 1Y to 15Y, peaking at 7.51% over 3Y
- Superior downside capture of 86.82% to 90.95% across all periods, cushioning losses versus the index
- 3Y SIP XIRR of 19.19% exceeds the category average of 18.19%
- Low beta (0.93 to 0.99) with only 2 major drawdown events (>10%) on record
- 5Y SIP XIRR of 14.75% trails the category average of 18.04% by over 3 percentage points
- Recent calendar-year performance is weak, with -4.82% in 2026 and just 1.47% in 2025
- Maximum drawdown took 350 days to recover, requiring patience during prolonged downturns
Generated on 01-11-2026, 2:59 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 | ₹12.65 L | 19.0% | -23.8% | 82.7% |
| 3 Years | ₹36.00 L | ₹46.75 L | 19.2% | 0.8% | 36.2% |
| 5 Years | ₹60.00 L | ₹84.37 L | 14.9% | 9.5% | 19.4% |
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% | 14.3% | 11.0% | +4.7% |
| 3 Years | 19.2% | 11.0% | 18.2% | +8.2% |
| 5 Years | 14.9% | 10.4% | 18.0% | +4.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 19.2% | 11.2% | -8.5% | 77.2% | 0.64 | 3.28 | 87% | — | — |
| 3 Years | 20.5% | 20.1% | 12.3% | 27.3% | 3.88 | — | 100% | — | — |
| 5 Years | 17.4% | 16.7% | 9.9% | 24.0% | 2.94 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +7.95 | 0.99 | 98.3% | 88.0% | -3.8% | -12.0% |
| 3 Years | +7.51 | 0.99 | 100.4% | 91.0% | 13.7% | 6.2% |
| 5 Years | +5.67 | 0.96 | 96.4% | 89.1% | 11.1% | 5.3% |
| 7 Years | +6.01 | 0.93 | 95.4% | 86.8% | 16.2% | 10.4% |
| 10 Years | +3.93 | 0.93 | 95.4% | 86.8% | 11.1% | 7.2% |
| 12 Years | +3.14 | 0.93 | 95.4% | 86.8% | 9.2% | 6.0% |
| 15 Years | +2.39 | 0.93 | 95.4% | 86.8% | 7.3% | 4.8% |