Baroda BNP Paribas Aqua Fund of Fund
Baroda BNP Paribas Mutual Fund · Best International Fund of Funds
This is the Direct plan of Baroda BNP Paribas Aqua Fund of Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★☆☆3/5 vs 47 of 51 FoF Overseas 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 FoF Overseas (same plan and option). 47 of the 51 FoF Overseas funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +15.08% · ranks 42 of 47 FoF Overseas funds
Volatility 14.8% vs 17.9% category avg
0.6% expense vs 0.6% 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
- Less volatile than its FoF Overseas peers (14.8% vs 17.9%)
- Low expense ratio (0.56%) vs the FoF Overseas average of 0.63%
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- Trails the FoF Overseas average on 1M/3M/6M/1Y — 1Y by 14.19pp
- 3-year return (+15.08%) trails the FoF Overseas average (+25.40%)
- Ranks #44 of 51 on 1-year return in its FoF Overseas cohort
- Weaker risk-adjusted returns — Sharpe 0.58 below the FoF Overseas average of 0.99
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (FoF Overseas)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -2.44% | +0.31% | -2.75% |
| 3M abs | -4.43% | +0.95% | -5.38% |
| 6M abs | +1.17% | +14.16% | -12.99% |
| 1Y CAGR | +8.14% | +22.33% | -14.19% |
| 3Y CAGR | +15.08% | +25.40% | -10.32% |
| 5Y CAGR | — | +13.61% | — |
Category average across peers in FoF Overseas (up to 51 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 51 peers in FoF Overseas
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 Aqua Fund of 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 | +8.29% | |
| 2025 | +19.20% | |
| 2024 | +2.28% | |
| 2023 | +22.03% | |
| 2022part | +2.61% |
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.
Taxation
Taxed as non-equityThis is a non-equity fund — a fund-of-funds, gold/silver, international or balanced-hybrid scheme. It isn't equity-oriented, but since FY 2025-26 it's no longer taxed like a pure-debt fund either: gains held over 2 years get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.
Added to your income at your slab rate
No indexation, no ₹1.25 L exemption
Sets the short-term (slab-rate) figure above.
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Other97.33%
- Cash & Equivalents2.67%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹39.30Cr in April - June 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.
Fund Managers
SSSwapna ShelarManaging since 21 Oct 2024
• MBA (Finance) • CFA (Level II)
Ms. Swapna Shelar has overall experience of 14 years in financial markets. In the past, she was associated with Ohm Stockbroker Pvt. Ltd. as Manager in the derivative department for close to 1 year. Prior to that, she has also worked with companies like Union Asset Management Company Ltd., IDFC Asset Management Company Ltd. & WNS Global Services.
SSStuti SingheeManaging since 01 May 2026
Research Analyst & Co Fund Manager – Equity
Master of Business Administration; Bachelor of Business Administration
Ms. Singhee has experience of around 2 years with the firm wherein she has executed deep - dive fundamental analysis and financial modelling for companies in the FMCG and Retail space.
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.
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.
From the blog
Frequently asked questions
What is the NAV of Baroda BNP Paribas Aqua Fund of Fund?
As of 01 Oct 2026, the NAV of Baroda BNP Paribas Aqua Fund of Fund is ₹15.87 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Baroda BNP Paribas Aqua Fund of Fund delivered?
Baroda BNP Paribas Aqua Fund of Fund has returned +8.14% over 1 year, +15.08% per year over 3 years and +11.67% 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 Aqua Fund of Fund?
Baroda BNP Paribas Aqua Fund of Fund charges an expense ratio of 0.56% 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 Aqua Fund of Fund?
Baroda BNP Paribas Aqua Fund of Fund's largest holdings are BNP Paribas Funds SICAV - Aqua (97.3%). Holdings are disclosed monthly and change over time.
How risky is Baroda BNP Paribas Aqua Fund of Fund?
Baroda BNP Paribas Aqua Fund of Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.8% and its worst peak-to-trough fall in our sample was -17.7%. 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 0.58 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Baroda BNP Paribas Aqua Fund of Fund's 0.58 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Baroda BNP Paribas Aqua Fund of Fund?
Baroda BNP Paribas Aqua Fund of Fund is benchmarked against the MSCI World Index (NR). Its alpha and beta on this page are measured against that index.
Who manages Baroda BNP Paribas Aqua Fund of Fund?
Baroda BNP Paribas Aqua Fund of Fund is managed by Swapna Shelar and Stuti Singhee at Baroda BNP Paribas.
How is Baroda BNP Paribas Aqua Fund of Fund taxed?
Baroda BNP Paribas Aqua Fund of Fund is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.