Baroda BNP Paribas Arbitrage Fund
Baroda BNP Paribas Mutual Fund · Best Arbitrage Mutual Funds
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returns (+6.49% 3Y CAGR)NAV history
Scorecard
★★☆☆☆2/5 vs 40 of 48 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). 40 of the 48 Arbitrage Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +1.02% · ranks 33 of 48 Arbitrage Funds
Volatility 2.0% vs 2.1% category avg
2.4% expense vs 2.2% category avg
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
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- 1-year return (+1.55%) trails the Arbitrage Fund average (+3.55%)
- 3-year return (+1.02%) trails the Arbitrage Fund average (+4.08%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark 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 | -0.00% | +0.30% | -0.30% |
| 3M abs | +0.90% | +0.98% | -0.08% |
| 6M abs | +1.02% | +1.32% | -0.30% |
| 1Y CAGR | +1.55% | +3.55% | -2.00% |
| 3Y CAGR | +1.02% | +4.08% | -3.06% |
| 5Y CAGR | — | +4.04% | — |
Category average across peers in Arbitrage Fund (up to 48 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 48 peers in Arbitrage Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
42 overlapping 1Y windows, sampled monthly across the fund’s history.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +0.65% | |
| 2025 | +1.37% | |
| 2024 | +0.56% | |
| 2023 | +1.40% | |
| 2022part | +0.85% |
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.
Fund size over time
Quarterly average AUM · AMFIDown +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.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
36 monthly installments of ₹10,000 into Baroda BNP Paribas Arbitrage Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as equityThis 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.
Flat, on the whole gain
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.
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.
Baroda BNP Paribas Aqua Fund suspends fresh investments again, weeks after reopening
Moneycontrol.com · 2h ago
Baroda BNP Paribas Asset Management India announces suspension of sale of units
Investment Guru · 1d ago
India’s Tech Pulse: Ecosystem Harkat & the Shifting Investment Temperament
TheTechPanda · 1d ago
Baroda BNP Paribas Mutual Fund temporarily suspends subscriptions in its Baroda BNP Paribas Aqua FoF
Value Research · 2d ago
Madhu Nair Appointed Chief Executive Officer of Baroda BNP Paribas Asset Management
hrtoday.in · 6d ago
Baroda BNP Paribas Mutual Fund Appoints Mr. Madhu Nair as Chief Executive Officer, signalling a Bold New Phase of Growth
India Education Diary · 6d ago
Baroda BNP Paribas Asset Management appoints Madhu Nair as CEO
MediaBrief · 6d ago
Baroda BNP Paribas Mutual Fund names Madhu Nair as CEO
HR Katha · 7d ago
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 20 Aug 2026, the NAV of Baroda BNP Paribas Arbitrage Fund is ₹10.59 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 +1.55% over 1 year, +1.02% per year over 3 years and +1.09% 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 2.35% 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?
Its largest holdings are Others CBLO (4.7%), Vodafone Idea Ltd (4.5%), Baroda Pioneer Liquid Direct Fund-Growth (4.4%), GOVERNMENT OF INDIA 37449 182 DAYS TBILL 19NV26 FV RS 100 (4.3%) and GOVERNMENT OF INDIA 37186 364 DAYS TBILL 11MR27 FV RS 100 (4.2%). Holdings are disclosed monthly and change over time.
How risky is Baroda BNP Paribas Arbitrage Fund?
It is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.0% and its worst peak-to-trough fall in our sample was -1.3%. 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 -2.72 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 -2.72 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 Total Return 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 Vikram Pamnani and Neeraj Saxena 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.