HybridArbitrage FundRegularGrowthModerately High

Baroda BNP Paribas Arbitrage Fund

Q: What is the NAV of Baroda BNP Paribas Arbitrage Fund?

As of 01 Oct 2026, the NAV of Baroda BNP Paribas Arbitrage Fund is ₹17.16 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Baroda BNP Paribas Arbitrage Fund delivered?

Baroda BNP Paribas Arbitrage Fund has returned +5.50% over 1 year, +6.39% per year over 3 years and +6.11% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Baroda BNP Paribas Arbitrage Fund?

Baroda BNP Paribas Arbitrage Fund charges an expense ratio of 2.24% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Baroda BNP Paribas Arbitrage Fund?

Baroda BNP Paribas Arbitrage Fund's largest holdings are Baroda BNP Paribas Liquid Fund - Direct Growth (7.7%), Vodafone Idea Limited (4.8%), 182 Days Tbill (MD 19/11/2026) (4.7%), 364 Days Tbill (MD 11/03/2027) (4.6%) and Axis Bank Limited (4.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Baroda BNP Paribas Arbitrage Fund?

Baroda BNP Paribas Arbitrage Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.1% and its worst peak-to-trough fall in our sample was -0.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.11 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Baroda BNP Paribas Arbitrage Fund's -0.11 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Baroda BNP Paribas Arbitrage Fund?

Baroda BNP Paribas Arbitrage Fund is benchmarked against the Nifty 50 Arbitrage Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Baroda BNP Paribas Arbitrage Fund?

Baroda BNP Paribas Arbitrage Fund is managed by Neeraj Saxena, Meenakshi Gururaj and Vikram Pamnani at Baroda BNP Paribas.

Q: How is Baroda BNP Paribas Arbitrage Fund taxed?

Baroda BNP Paribas Arbitrage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Baroda BNP Paribas Mutual Fund · Best Arbitrage Mutual Funds

NAV

₹17.16

0.00% 1D

as of 01 Oct 2026

This is the Regular plan of Baroda BNP Paribas Arbitrage Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+5.51%CAGR

52-week rangePrev NAV ₹17.16

Latest ₹17.16

Low ₹16.2699th percentile of its 52-week rangeHigh ₹17.17

Scorecard

★★★★☆4/5 vs 26 of 38 Arbitrage Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Arbitrage Fund (same plan and option). 26 of the 38 Arbitrage Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +6.39% · ranks 20 of 26 Arbitrage Funds

RiskLow

Volatility 1.1% vs 1.3% category avg

CostAverage

2.2% expense vs 2.2% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Less volatile than its Arbitrage Fund peers (1.1% vs 1.3%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

Ranks #31 of 34 on 1-year return in its Arbitrage Fund cohort

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.24%

Category 2.19%▲0.05%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

12.79

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.11

Category -0.01▼0.10

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

• If units of the Scheme are redeemed or switched out within 15 days from the date of allotment - 0.25% of the applicable NAV • If units of the Scheme are redeemed or switched out after 15 days from the date of allotment - Nil

Up to 0.25%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty 50 Arbitrage Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

14 Mar 2022

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.13%

Absolute return over the last 3 months (not annualized)

+1.22%

Absolute return over the last 6 months (not annualized)

+2.56%

Absolute return since 1 Jan of this year (not annualized)

+3.92%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+5.50%

3-year annualized return (CAGR)

+6.39%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+6.11%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.07%

Excess return per unit of total volatility (rf = 6.5%)

-0.11

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.16

Largest peak-to-trough decline over full history

-0.31%

Benchmark ratios

Not shown for Arbitrage Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Arbitrage Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.13%	+0.26%	-0.13%
3M abs	+1.22%	+1.33%	-0.11%
6M abs	+2.56%	+2.80%	-0.24%
1Y CAGR	+5.50%	+5.88%	-0.38%
3Y CAGR	+6.39%	+6.48%	-0.09%
5Y CAGR	—	+5.93%	—

Category average across peers in Arbitrage Fund (up to 38 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 38 peers in Arbitrage Fund

1Y return

+5.50%

Beats 9.1% · rank #31

3Y return

+6.39%

Beats 24% · rank #20

5Y return

—

Sharpe

-0.11

Beats 24% · rank #20

Sortino

-0.16

Beats 24% · rank #20

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹3.60L

Current value

₹3.92L

Absolute

+8.83%

XIRR

+5.88%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into Baroda BNP Paribas Arbitrage Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+3.92%
2025	+6.16%
2024	+7.46%
2023	+7.17%
2022part	+3.07%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

1,122

Expense ratio

2.24%

AUM

₹1,250Cr

Portfolio turnover

1261%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

12.8

P/B ratio

2.8

Avg market cap

₹2,55,653Cr

P/E & P/B are portfolio-weighted harmonic means across 80 of 85 equity holdings (70% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Arbitrage Fund

Compare all


Baroda BNP Paribas Arbitrage FundThis fund Baroda BNP Paribas · Regular · Growth	★★★★☆	+5.50%	+6.39%	—	—	2.24%	₹1,250Cr
Kotak Arbitrage Fund Kotak Mahindra · Regular · Growth	★★★★☆	+6.10%	+6.81%	+6.32%	—	2.91%	₹70,783Cr
UTI - Arbitrage Fund UTI · Regular · Growth	★★★★★	+6.04%	+6.76%	+6.14%	—	1.81%	₹10,939Cr
Invesco India Arbitrage Fund Invesco · Regular · Growth	★★★★☆	+6.17%	+6.75%	+6.37%	—	2.87%	₹27,818Cr
HDFC Arbitrage Fund HDFC · Regular · Growth	★★★☆☆	+6.06%	+6.72%	+6.12%	—	2.04%	₹24,544Cr
ICICI Prudential Arbitrage Fund ICICI Prudential · Regular · Growth	★★★★★	+6.08%	+6.70%	+6.15%	—	2.16%	₹32,407Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap62.9%
Mid cap23.5%
Small cap13.6%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity72.32%
Debt13.92%
Other7.66%
Cash & Equivalents6.10%

Cash & cash-like: 21.58% — the 6.10% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
DSP Arbitrage fund DSP · Arbitrage Fund	55.5% of 69% equity	★★★☆☆	1.17%	+7.20%
Tata Arbitrage Fund Tata · Arbitrage Fund	54.3% of 66% equity	★★★★☆	1.57%	+7.47%
ICICI Prudential Arbitrage Fund ICICI Prudential · Arbitrage Fund	54.2% of 73% equity	★★★☆☆	1.63%	+7.29%
Bandhan Arbitrage Fund Bandhan · Arbitrage Fund	53.4% of 73% equity	★★★☆☆	1.63%	+7.29%
Edelweiss Arbitrage Fund Edelweiss · Arbitrage Fund	52.8% of 70% equity	★★★★☆	1.58%	+7.39%
HSBC Arbitrage Fund HSBC · Arbitrage Fund	51.7% of 70% equity	★★★★☆	1.45%	+7.19%
UTI - Arbitrage Fund UTI · Arbitrage Fund	51.3% of 67% equity	★★★★☆	1.26%	+7.32%
Axis Arbitrage Fund Axis · Arbitrage Fund	51.3% of 68% equity	★★★☆☆	1.40%	+7.35%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Fund size over time

Quarterly average AUM · AMFI

₹1,250Cr

April - June 2026

-5%

since January - March 2026

−₹89.52Cr

est. net flow, last quarter

Down +5% from its peak of ₹1,322Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Baroda BNP Paribas Mutual Fund was formed in 2022 by merging Baroda Mutual Fund into BNP Paribas Mutual Fund, and is a joint venture between Bank of Baroda and BNP Paribas Asset Management. It pairs a public-sector bank's distribution reach with a global manager's process.

Launched

14 Apr 2004

Total AUM

₹54,646Cr+2.8% QoQ

Avg AUM · July - September 2026

Website

barodabnpparibasmf.in

Fund Managers

NSNeeraj SaxenaManaging since 14 Mar 2022

Role

Fund Manager & Dealer Equity

Education

• PGDBA Finance from Welingkars Institute • M.Sc. (Organic Chemistry)

Experience

Mr. Neeraj Saxena, is currently employed with Baroda BNP Paribas Asset Management India Private Limited with rich experience of 20 years in the Indian financial services industry, handles the responsibility of being the Fund Manager & Dealer in equity domain for Baroda BNP Paribas AMC. Prior to joining BBNPP AMC, Mr. Saxena was the Assistant Vice President - Institutional Equity Sales at Stratcap Securities. He has also held notable positions like Head - Communication Cell at Karvy Stock Broking and Senior Investment Advisor at Iden Investment Advisor.

Funds managed (7)

All schemes Neeraj Saxena runs →

MGMeenakshi GururajManaging since 01 May 2026

Role

Dealer - Equity

Education

• MBA in Finance

Experience

Ms. Meenakshi Gururaj has overall experience of 17 years in the Investment team responsible for Dealing in the Equity segment. Her last stint was with Canara Robeco Asset Management Company Limited where she was designated as “Dealer – Equity” for 1 year and “ Assistant Dealer – Equity” for 11 years before that wherein she overall handled Dealing in Equity securities which included buying and selling equity securities (stocks, derivatives, rights, convertible instruments) on designated exchanges in a cost optimum manner.

VPVikram PamnaniManaging since 16 Mar 2022

Role

Senior Fund Manager

Education

PGDM (Finance) Overnight Fund

Experience

Mr. Pamnani brings over 15 March 14, years of experience in the 2022 Fixed Income domain and he joins us from Essel Finance Asset Management Company Limited where he has spent over 3 years playing a key role in Fund Management of Mutual Fund Schemes. Prior to this stint, he has worked as Fixed Income trader at Canara Robeco Mutual Fund and was responsible for trading/execution of fixed income assets across duration schemes. Prior to Canara Robeco Mutual Fund, he has also worked with Deutsche Bank as a Documentary Credit Analyst.

Funds managed (11)

All schemes Vikram Pamnani runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Neeraj Saxena Vikram Pamnani

Top holdings

Vodafone Idea Limited Axis Bank Limited Canara Bank HDFC Bank Limited Glenmark Pharmaceuticals Limited Manappuram Finance Limited NMDC Limited Adani Energy Solutions Limited PNB Housing Finance Limited Adani Power Limited Adani Green Energy Limited State Bank of India

Baroda BNP Paribas in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Arbitrage funds

Arbitrage funds profit from small price gaps between the cash and futures markets rather than from market direction. Returns are usually modest and cash-like, but they are taxed as equity.

Frequently asked questions

What is the NAV of Baroda BNP Paribas Arbitrage Fund?

As of 01 Oct 2026, the NAV of Baroda BNP Paribas Arbitrage Fund is ₹17.16 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Baroda BNP Paribas Arbitrage Fund delivered?

Baroda BNP Paribas Arbitrage Fund has returned +5.50% over 1 year, +6.39% per year over 3 years and +6.11% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Baroda BNP Paribas Arbitrage Fund?

Baroda BNP Paribas Arbitrage Fund charges an expense ratio of 2.24% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Baroda BNP Paribas Arbitrage Fund?

Baroda BNP Paribas Arbitrage Fund's largest holdings are Baroda BNP Paribas Liquid Fund - Direct Growth (7.7%), Vodafone Idea Limited (4.8%), 182 Days Tbill (MD 19/11/2026) (4.7%), 364 Days Tbill (MD 11/03/2027) (4.6%) and Axis Bank Limited (4.0%). Holdings are disclosed monthly and change over time.

How risky is Baroda BNP Paribas Arbitrage Fund?

Baroda BNP Paribas Arbitrage Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.1% and its worst peak-to-trough fall in our sample was -0.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.11 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Baroda BNP Paribas Arbitrage Fund's -0.11 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Baroda BNP Paribas Arbitrage Fund?

Baroda BNP Paribas Arbitrage Fund is benchmarked against the Nifty 50 Arbitrage Index. Its alpha and beta on this page are measured against that index.

Who manages Baroda BNP Paribas Arbitrage Fund?

Baroda BNP Paribas Arbitrage Fund is managed by Neeraj Saxena, Meenakshi Gururaj and Vikram Pamnani at Baroda BNP Paribas.

How is Baroda BNP Paribas Arbitrage Fund taxed?

Baroda BNP Paribas Arbitrage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.