Baroda BNP Paribas Services Fund
Thematic funds are a type of equity mutual funds, investing in companies that are focused on a specific theme. A theme may be a combination of two or more sectors.
A scheme investing in companies which derive majority of their income from businesses operating in the Services theme.
India’s Services sector has evolved into the backbone of the economy, steadily increasing its contribution to national output and driving structural transformation. The contribution of service sector to the Indian economy has grown as the economy advances and develops. Both companies and individuals, produce and consume services constantly and power large parts of the economy. Service sectors like IT Services, Banks, Financial Services, Healthcare, E-commerce etc. are some of the largest employers in the country.
In India, contribution of the services to GVA* has grown over last two decades
FY 2005
FY 2026 PE
Source: RBI - Data as on June 8, 2026. *GVA – Gross Value Added, Data for 2025-26 are Provisional Estimates.
Will invest at least 80% of its net assets in companies which derive majority of their income from businesses operating in the Services theme.
Will aim to offer diversified exposure from traditional, established businesses such as banks and retail to scaling, newer age businesses like ntech and e-commerce.
Actively managed Scheme, with a bottom-up stock selection approach.
A thematic scheme with no market cap limit or preference.
Investors looking for diversified equity exposure across sectors within the Services Theme.
Investors with a long-term investment horizon.
Investors seeking to capitalise on India's structural growth story.
#Please consult your nancial advisor before investing. Please refer to the SID for further details of the investment strategy and asset allocation. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments.
| Scheme Name | Baroda BNP Paribas Services Fund |
| Type of the Scheme | An open-ended equity scheme investing in Services theme. |
| Category | Thematic Fund – Services Theme |
| Investment Objective | The investment objective of the Scheme is to achieve long term capital appreciation by actively managed investments in equity and equity related securities of companies engaged in the Services theme. The Scheme does not guarantee/indicate any returns. However, there can be no assurance that the investment objective of the Scheme will be realized. |
| Benchmark | Nifty Services Sector TRI |
| Fund Manager | Mr. Rohan Korde and Mr. Kirtan Mehta |
| Load Structure |
Exit Load:
The above load shall also be applicable for switches between the schemes of the Fund and all Systematic Investment Plans, Systematic Transfer Plans, Systematic Withdrawal Plans |
| Minimum Amount for Application during the NFO & Ongoing Offer | Lumpsum investment: Rs. 1,000 and in multiples of Rs. 1 thereafter. |
| SIP Details: Minimum Application Amount |
(i) Daily, Weekly, Monthly SIP: RS 500/- and in multiples of RS 1/- thereafter; |
#Please refer to the Scheme Information Document of the scheme before investing for details including investment objective, asset allocation pattern, investment strategy, risk factors and taxation.
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Click HereThematic funds are a type of equity mutual funds, investing in companies that are focused on a specific theme. A theme may be a combination of two or more sectors.
Baroda BNP Paribas Services Fund is an open-ended equity scheme investing in companies which derive majority of their income from businesses operating in the Services theme. The investment objective of the Scheme is to achieve long term capital appreciation by actively managed investments in equity and equity related securities of companies engaged in the Services theme. The Scheme does not guarantee/indicate any returns. However, there can be no assurance that the investment objective of the Scheme will be realized.
The term ‘Services’ refer to the broad range of economic activities which typically focus on the intangible value provided by individuals or businesses. India’s Service sector has evolved to become the backbone of the country’s growth.
| Stock Name | Weight |
|---|---|
| HDFC Bank Ltd. | 18.04 |
| ICICI Bank Ltd. | 14.55 |
| Bharti Airtel Ltd. | 8.31 |
| State Bank of India | 6.27 |
| Axis Bank Ltd. | 5.71 |
| Infosys Ltd. | 5.18 |
| Kotak Mahindra Bank Ltd. | 4.26 |
| Bajaj Finance Ltd. | 3.98 |
| Tata Consultancy Services Ltd. | 3.06 |
| Eternal Ltd. | 2.82 |
Source: Nifty Indices, Data as on June 30, 2026.
Source: MFI Explorer, Data as on June 30, 2026. Returns are Compounded Annualized. Past performance may or may not be sustained in future and is not a guarantee of any future returns.
#For further details, please refer to the Scheme Information Document (SID) on our website www.barodabnpparibasmf.in . Please consult your financial advisor before investing.
| Type of Instrument | ||
|---|---|---|
| Minimum (% of Net Assets) | Maximum (% of Net Assets) | |
| Equity and equity related^ instruments of companies engaged in the Services theme | 80 | 100 |
| Equity and equity related^ instruments of companies other than above | 0 | 20 |
| Money Market and other liquid instruments*, Gold and Silver instruments (through ETFs and ETCDs) | 0 | 20 |
| Units of Mutual Funds as permitted by SEBI | 0 | 10 |
| Units issued by InvITs | 0 | 10 |
The Scheme will follow investment in companies engaged in Services theme and investments made by the Scheme will be in accordance with the SEBI Master Circular dated March 20, 2026 or any other such guidelines as recommended by SEBI from time to time.
^The Scheme may invest upto 50% of equity assets in equity derivative instruments as permitted under the SEBI (Mutual Funds) Regulations, 2026 from time to time. The Scheme may use equity derivatives for such purposes as may be permitted under the SEBI (Mutual Funds) Regulations, 2026, including but not limited for the purpose of hedging and portfolio balancing, based on the opportunities available and subject to guidelines issued by SEBI from time to time.
* Other liquid instruments as permitted by SEBI from time to time. The Scheme retains the flexibility to invest across equity, money market & other liquid instruments, gold & silver instruments units issued by InvITs and mutual fund units, as permitted by SEBI from time to time.
For details on asset allocation and investment strategy, please refer to SID on our www.barodabnpparibasmf.in
This Scheme is suitable for:
It would be preferable for an investor to stay invested in the fund for upwards of 3 years, to reap potential benefits from the growth in this theme.
*Please consult your financial advisor before investing. Please refer to the SID for further details of the investment strategy and asset allocation.
In the preparation of this document, Baroda BNP Paribas Asset Management India Ltd. (“AMC”) has used information that is publicly available and developed in-house. The AMC, however, does not warrant the accuracy, reasonableness and/or completeness of any information. This document may contain statements/opinions/ recommendations, which contain words, such as “expect”, “believe” and similar expressions or variations that are “forward looking statements”. Actual results may di er materially from those suggested by the forward looking statements due to risk or uncertainties associated with our expectations with respect to, but not limited to, exposure to market risks, general economic and political conditions in India and other countries globally, which have an impact on our investments, the monetary and interest policies of India, in ation, de ation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, etc. The AMC (including its a liates), Baroda BNP Paribas Mutual Fund (“Mutual Fund”), its sponsor / trustee and any of its o cers, directors, employees, shall not liable for any loss, damage of any nature, including direct, indirect, punitive, exemplary, consequential, or loss of pro t arising from use of this document. The recipient alone shall be fully responsible for decision taken based on this document. All data given in this document is dated and may or may not be relevant at a future date. Investors are advised to consult their legal/tax/ nancial advisors to determine possible tax, legal and other nancial implication or consequences of investing into the scheme. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments.
Baroda BNP Paribas Services Fund
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