Investment Objective and Approach

The investment objective of the scheme is to seek long term capital appreciation by investing at least 80% of its net assets in equity/equity related instruments of companies focusing and benefitting from innovation.

The Baroda BNP Paribas Innovation Fund intends to not only chase the next big thing, but also intend to invest in the entire ecosystem that drives it. The fund aims to back the disrupters, the bold pioneers forging revolutionary paths with cutting-edge technologies. The fund aims to empower the legacy companies, seasoned players adapting and reinventing with fresh strategies and partnerships that can lead to disruption. the companies providing infrastructure and expertise that makes it all possible. By nurturing this diverse cast of innovators, the fund intends to ignite a chain reaction of progress, transforming industries and shaping a future brimming with limitless potential.

The fund specifically targets three categories of innovation:

- Disruptors: Companies at the forefront of innovation.

- Legacy Adapters: Large businesses who are early adopters of new technology leading to innovation as they respond to the changing market environment.

- Enablers: Companies providing the infrastructure and expertise that facilitate innovation across industries.

Investment Strategy:

Bring a change or disrupt industries or market structures, focusing on companies that are transforming traditional business models or creating entirely new market segments through technological advancement and innovation.

Risk Profile: The Baroda BNP Paribas Innovation Fund Direct Growth is rated Very High risk. Very high level of risk.

Target Investment Horizon: Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in companies focusing and benefitting from innovation should invest in Baroda BNP Paribas Innovation Fund.

Fund Managers

Ankeet Pandya is the Current Fund Manager of Baroda BNP Paribas Innovation Fund Direct Growth fund. Pratish Krishnan, Miten Vora are the current fund managers of this mutual fund.

Pratish Krishnan: Mr. Krishnan has done MMS in Finance and has extensive experience across various financial institutions. Prior to joining Baroda BNP Paribas Mutual Fund he has worked with Antique Stock Broking as Sr Analyst- IT, Telecom & Media, DSP Merrill Lynch as Vice President- Research, SBI Capital Markets as Sr. research Analyst, Cholamandalam DBS Finance LTD as Research Analyst.

Miten Vora: Prior to joining Baroda BNP Paribas Mutual Fund, he was working with InCred Asset management Private Ltd, Motilal Oswal Securities Ltd and Elara Capital India Private Ltd. Prior to joining Baroda BNP Paribas Mutual Fund, he was associated with Canara HSBC Oriental Life Insurance, BNP Paribas AMC, IDBI AMC and Antique Stock Broking Ltd.

About the Fund House (AMC)

Great partnerships could create synergies to make the 'whole' greater than the sum of its parts.Bank of Baroda, one of India's leading public sector banks, has partnered with BNP Paribas Asset Management, the asset management arm of BNP Paribas, a leading financial services group in Europe with global reach, to form Baroda BNP Paribas Mutual Fund.

Baroda BNP Paribas Mutual Fund is a joint venture between the Bank of Baroda and BNP Paribas Asset Management Asia Ltd. On October 11, 2019, these 2 companies came into a binding agreement to merge their AMC and Trustee Companies. March 14, 2022, marked the period when the entities got merged effectively. It has been stated that the Bank of Baroda (parent company of Baroda AMC) will tend to hold a 50.1% stake in the merged entity, while on the other hand, BNP Paribas AMC will hold the remaining 49.9%.

Key Highlights of the AMC:

- Backed by bank of Baroda and BNP Paribas AM, institutions that have more than 100 year of expertise.

- Touchpoints at more than 121+ Indian cities to service investors and distributors.

- Serving over a million investor folios and 25,400+ distributors.

- A stellar team of investment experts with 300+ years of cumulative asset management experience.

- 42 schemes across a wide variety of categories for varied financial needs.

- As of 31 March 2024, the company's AUM stood at Rs 35646.45 crores.

Should I Invest in Baroda BNP Paribas Innovation Fund?

This fund is suitable for investors who:

Target Investors:

- Have a very high-risk appetite and can tolerate significant volatility

- Seek long-term capital appreciation over 5-7 years

- Want exposure to innovative companies across different stages of growth

- Believe in the potential of disruptive technologies and business models

- Want to diversify their portfolio with thematic investing focused on innovation

Fund Characteristics:

- Launch Date: After being launched on 2024-03-05. The NFO is available for subscription from February 14 to February 28.

- Minimum Investment: It allows minimum SIP of Rs 500 and lumpsum of Rs 1000 to start the investment.

- Exit Load: If units of the Scheme are redeemed or switched out up to 10% of the units within 1 year from the date of allotment - Nil. If units of the scheme are redeemed or switched out in excess of the limit within 1 year from the date of allotment - 1% of the applicable NAV. If units of scheme are redeemed or switched out after 1 year from the date of allotment - Nil.

Investment Considerations:

- The fund follows a thematic approach which can lead to concentrated exposure

- Being relatively new (launched in 2024), the fund has limited track record

- Innovation-focused companies can be more volatile than established businesses

- However, whatever returns that the fund delivers, it does so with exceptional consistency. You can consider this fund if the predictability of returns is what you are looking for.

Financial Performance: Baroda BNP Paribas Innovation Fund - Reg (G) trailing returns over different times are -14.34% (1 year), 0% (3 year), 0% (5 year).

Given the thematic nature and very high-risk profile, this fund should ideally constitute a smaller portion of a diversified equity portfolio and is most suitable for investors with substantial investment experience and risk tolerance.

FAQs

What is today's NAV of Baroda BNP Paribas Innovation Fund?

The current NAV varies by plan option. Please check the latest NAV on your investment platform as it updates daily based on market movements and portfolio valuations.

What is the AUM of Baroda BNP Paribas Innovation Fund?

Baroda BNP Paribas Innovation Fund - Reg (G) has achieved Rs 1054.04 Crores worth of assets under management (AUM). (as of March 2025)

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

The expense ratio of this fund is 2.13%. for the regular plan, while the direct plan typically has a lower expense ratio.

What are the returns of Baroda BNP Paribas Innovation Fund since inception?

Being a relatively new fund launched in 2024, the fund has limited performance history. The average annual return of this fund stands at -14.34% for the available period.

What is the minimum SIP amount to invest in Baroda BNP Paribas Innovation Fund?

It allows minimum SIP of Rs 500 and lumpsum of Rs 1000 to start the investment.

How do I invest in Baroda BNP Paribas Innovation Fund?

You can invest through Allvest platform by completing your KYC, selecting the fund, choosing between SIP or lumpsum investment, and making the payment online through various methods.

How to start a SIP in Baroda BNP Paribas Innovation Fund?

Open an account with Allvest, complete KYC verification, select the fund, choose 'Start SIP' option, set your monthly investment amount (minimum Rs 500), select date and duration, then authorize the investment.

How do I automate an SIP in Baroda BNP Paribas Innovation Fund?

Set up auto-debit mandate with Allvest by providing bank account details and authorizing automatic monthly deductions for your SIP investments in the fund.

How can I withdraw/redeem my investment in Baroda BNP Paribas Innovation Fund?

Log into your Allvest account, select the fund, choose partial or full redemption, specify the amount or units, and submit the request. Funds typically get credited to your bank account within 3-4 working days.