Baroda BNP Paribas Flexi Cap Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Flexi Cap Fund

Equity Holding : 96.05% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 96.05%

No of Stocks : 47 (Category Avg - 63.31) | Large Cap Investments : 35.64%| Mid Cap Investments : 9.5% | Small Cap Investments : 13.57% | Other : 37.34%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	47	62.95
Top 5 Stock Weight	20.38%	25.29%
Top 10 Stock Weight	35.05%	40.46%
Top 3 Sector Weight	31.03%	31.07%

Category - Flexi Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	73013.43	93705.61
Holdings in large cap stocks	35.64%	40.32%
Holdings in mid cap stocks	9.5%	13.11%
Holdings in small cap stocks	13.57%	11.08%

Category - Flexi Cap Fund

Top 10 Stocks holding in Portfolio (as on 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# HDFC Bank Ltd.	Private sector bank	957.2	7.42%	0.00%	7.46% (Feb 2025)	5.47% (Nov 2024)	9.50 L	0.00
# Infosys Ltd.	Computers - software & consulting	429	3.33%	0.00%	5.19% (Jan 2025)	2.84% (Mar 2025)	2.75 L	25.00 k
# Federal Bank Ltd.	Private sector bank	425.6	3.30%	0.00%	3.25% (Jun 2025)	3.05% (Dec 2024)	16.50 L	0.00
# ICICI Bank Ltd.	Private sector bank	416.6	3.23%	0.00%	6.17% (Aug 2025)	3.96% (Nov 2024)	3.00 L	-2.50 L
# Hindustan Petroleum Corporation Ltd.	Refineries & marketing	400.3	3.10%	0.00%	3.26% (Oct 2025)	2.33% (Feb 2025)	8.75 L	0.00
# Bharti Airtel Ltd.	Telecom - cellular & fixed line services	399.3	3.10%	0.00%	3.68% (Jun 2025)	2.49% (Feb 2025)	1.90 L	-0.35 L
# Hitachi Energy India Ltd.	Heavy electrical equipment	397	3.08%	0.00%	3.55% (Apr 2025)	2.5% (Oct 2025)	18.00 k	0.00
# Reliance Industries Ltd.	Refineries & marketing	391.9	3.04%	0.00%	5.71% (Feb 2025)	2.69% (Jul 2025)	2.50 L	0.00
# Larsen & Toubro Ltd.	Civil construction	366.3	2.84%	0.00%	2.84% (Oct 2025)	1.5% (Apr 2025)	90.00 k	0.00
# Max Healthcare Institute Ltd.	Hospital	337.2	2.61%	0.00%	2.63% (Jun 2025)	1.86% (Nov 2024)	2.90 L	20.00 k

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 30th Nov,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
# HDFC Bank Ltd.	Private sector bank	17.66	957.2	7.42%	0.00%	7.46% (Feb 2025)	5.47% (Nov 2024)	9.50 L	0.00	Other	37.34
# Infosys Ltd.	Computers - software & consulting	6.69	429	3.33%	0.00%	5.19% (Jan 2025)	2.84% (Mar 2025)	2.75 L	25.00 k	Large Cap	35.64
# Federal Bank Ltd.	Private sector bank	17.66	425.6	3.30%	0.00%	3.25% (Jun 2025)	3.05% (Dec 2024)	16.50 L	0.00	Mid Cap	9.5
# ICICI Bank Ltd.	Private sector bank	17.66	416.6	3.23%	0.00%	6.17% (Aug 2025)	3.96% (Nov 2024)	3.00 L	-2.50 L	Large Cap	35.64
# Hindustan Petroleum Corporation Ltd.	Refineries & marketing	6.14	400.3	3.10%	0.00%	3.26% (Oct 2025)	2.33% (Feb 2025)	8.75 L	0.00	Large Cap	35.64
# Bharti Airtel Ltd.	Telecom - cellular & fixed line services	3.1	399.3	3.10%	0.00%	3.68% (Jun 2025)	2.49% (Feb 2025)	1.90 L	-0.35 L	Large Cap	35.64
# Hitachi Energy India Ltd.	Heavy electrical equipment	6.68	397	3.08%	0.00%	3.55% (Apr 2025)	2.5% (Oct 2025)	18.00 k	0.00	Other	37.34
# Reliance Industries Ltd.	Refineries & marketing	6.14	391.9	3.04%	0.00%	5.71% (Feb 2025)	2.69% (Jul 2025)	2.50 L	0.00	Large Cap	35.64
# Larsen & Toubro Ltd.	Civil construction	2.84	366.3	2.84%	0.00%	2.84% (Oct 2025)	1.5% (Apr 2025)	90.00 k	0.00	Large Cap	35.64
# Max Healthcare Institute Ltd.	Hospital	2.61	337.2	2.61%	0.00%	2.63% (Jun 2025)	1.86% (Nov 2024)	2.90 L	20.00 k	Other	37.34
# One 97 Communications Ltd.	Financial technology (fintech)	2.56	330.2	2.56%	0.00%	2.55% (Oct 2025)	0% (Nov 2024)	2.50 L	0.00	Other	37.34
# Jindal Steel Ltd.	Iron & steel products	2.43	313.3	2.43%	0.00%	2.08% (Oct 2025)	0% (Nov 2024)	3.00 L	50.00 k	Mid Cap	9.5
# Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	4.31	300.6	2.33%	0.00%	2.18% (Oct 2025)	0% (Nov 2024)	80.00 k	0.00	Large Cap	35.64
# Bharat Heavy Electricals Ltd.	Heavy electrical equipment	6.68	290.9	2.25%	0.00%	1.76% (Oct 2025)	0% (Nov 2024)	10.00 L	1.50 L	Mid Cap	9.5
# FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	3.69	280.7	2.18%	0.00%	2.04% (Oct 2025)	1.01% (Jan 2025)	10.50 L	0.00	Other	37.34
# Radico Khaitan Ltd.	Breweries & distilleries	2.11	272.7	2.11%	0.00%	2.08% (Oct 2025)	0.96% (Nov 2024)	85.00 k	0.00	Small Cap	13.57
# Sagility India Ltd.	It enabled services	2.04	263	2.04%	2.04%	0% (Dec 2025)	0% (Dec 2025)	52.52 L	52.52 L	Other	37.34
# ICICI Lombard General Insurance Co Ltd.	General insurance	1.99	256.2	1.99%	0.00%	2.3% (Sep 2025)	0% (Nov 2024)	1.30 L	0.00	Large Cap	35.64
# Hyundai Motor India Ltd.	Passenger cars & utility vehicles	4.31	255.9	1.98%	0.00%	2.1% (Oct 2025)	0% (Nov 2024)	1.10 L	0.00	Other	37.34
# Kaynes Technology India Private Ltd.	Industrial products	1.92	247.1	1.92%	0.00%	3.95% (Dec 2024)	2.21% (Aug 2025)	45.00 k	0.00	Other	37.34
# Eicher Motors Ltd.	2/3 wheelers	1.91	246.9	1.91%	0.00%	0.85% (Sep 2025)	0% (Nov 2024)	35.00 k	20.00 k	Other	37.34
# Tech Mahindra Ltd.	Computers - software & consulting	6.69	242.8	1.88%	0.00%	1.9% (Aug 2025)	0% (Nov 2024)	1.60 L	0.00	Large Cap	35.64
# Solar Industries India Ltd.	Explosives	1.8	232.3	1.80%	0.00%	1.9% (Sep 2025)	0% (Nov 2024)	17.50 k	0.00	Small Cap	13.57
# Ultratech Cement Ltd.	Cement & cement products	1.8	232	1.80%	0.00%	1.99% (Sep 2025)	0% (Nov 2024)	20.00 k	0.00	Large Cap	35.64
# Vishal Mega Mart Ltd.	Diversified retail	3.21	224.1	1.74%	0.00%	2% (Sep 2025)	0% (Nov 2024)	16.50 L	0.00	Other	37.34
# Karur Vysya Bank Ltd	Private sector bank	17.66	223.2	1.73%	0.00%	1.71% (Oct 2025)	0% (Nov 2024)	9.00 L	0.00	Small Cap	13.57
# Ajanta Pharma Limited	Pharmaceuticals	4.62	217.7	1.69%	0.00%	2.01% (Dec 2024)	1.64% (Oct 2025)	85.00 k	0.00	Small Cap	13.57
# Indian Bank	Public sector bank	2.81	195.8	1.52%	0.00%	2.68% (Oct 2025)	0% (Nov 2024)	2.25 L	-1.75 L	Mid Cap	9.5
# Eternal Ltd.	E-retail/ e-commerce	3.69	195.1	1.51%	0.00%	2.45% (Nov 2024)	0% (Nov 2024)	6.50 L	0.00	Other	37.34
# Schaeffler India Ltd.	Auto components & equipments	1.51	195	1.51%	0.00%	1.71% (Sep 2025)	0.72% (Dec 2024)	50.00 k	0.00	Other	37.34
# Divis Laboratories Ltd.	Pharmaceuticals	4.62	194.3	1.51%	0.00%	2.08% (Sep 2025)	0% (Nov 2024)	30.00 k	-6.90 k	Large Cap	35.64
# Blue Star Ltd.	Household appliances	1.49	192.7	1.49%	0.00%	1.51% (Aug 2025)	0% (Nov 2024)	1.09 L	19.16 k	Small Cap	13.57
# Shriram Finance Ltd.	Non banking financial company (nbfc)	2.81	191.6	1.49%	0.00%	3.36% (Feb 2025)	2.34% (Oct 2025)	2.25 L	-1.75 L	Other	37.34
# Persistent Systems Ltd.	Computers - software & consulting	6.69	190.6	1.48%	0.00%	1.39% (Oct 2025)	0% (Nov 2024)	30.00 k	0.00	Other	37.34
# Avenue Supermarts Ltd.	Diversified retail	3.21	189.8	1.47%	0.00%	1.73% (Sep 2025)	0% (Nov 2024)	47.50 k	0.00	Large Cap	35.64
# Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	4.62	183.2	1.42%	0.00%	2.64% (Jul 2025)	1.32% (Oct 2025)	1.00 L	0.00	Large Cap	35.64
# InterGlobe Aviation Ltd.	Airline	1.37	177	1.37%	0.00%	1.83% (Jul 2025)	0% (Nov 2024)	30.00 k	10.50 k	Large Cap	35.64
# GE T&D India Ltd.	Heavy electrical equipment	6.68	173.8	1.35%	0.00%	2.96% (Jul 2025)	1.56% (Oct 2025)	60.30 k	-5.45 k	Small Cap	13.57
# Metropolis Healthcare Ltd.	Healthcare service provider	1.33	171.7	1.33%	0.00%	1.67% (Nov 2024)	1.03% (Jun 2025)	88.89 k	4.26 k	Other	37.34
# Magma Fincorp Ltd.	Non banking financial company (nbfc)	2.81	170.5	1.32%	0.00%	1.13% (Oct 2025)	0% (Nov 2024)	3.55 L	55.00 k	Small Cap	13.57
# Canara Bank	Public sector bank	2.81	166.7	1.29%	1.29%	0% (Dec 2025)	0% (Dec 2025)	11.00 L	11.00 L	Other	37.34
# LG Electronics India Pvt. Ltd.	Consumer electronics	1.29	165.9	1.29%	0.00%	1.17% (Oct 2025)	0% (Nov 2024)	1.00 L	9.87 k	Other	37.34
# Hindalco Industries Ltd.	Aluminium	1.25	161.7	1.25%	1.25%	0% (Dec 2025)	0% (Dec 2025)	2.00 L	2.00 L	Large Cap	35.64
# Indusind Bank Ltd.	Private sector bank	17.66	150	1.16%	1.16%	0% (Dec 2025)	0% (Dec 2025)	1.75 L	1.75 L	Large Cap	35.64
# Century Plyboards India Ltd.	Plywood boards/ laminates	1.06	136.1	1.06%	0.00%	1.12% (Sep 2025)	0.6% (Nov 2024)	1.70 L	0.00	Small Cap	13.57
# Linde India Ltd.	Industrial gases	1.02	131.3	1.02%	0.00%	2.36% (May 2025)	1.6% (Oct 2025)	22.00 k	-0.12 L	Small Cap	13.57
# Kotak Mahindra Bank Ltd.	Private sector bank	17.66	106.2	0.82%	0.00%	3.3% (Jun 2025)	0% (Nov 2024)	50.00 k	0.00	Large Cap	35.64
Bosch Ltd.	Auto components & equipments	1.51	130.4	0.00%	-1.02%	-	-	-	-	Large Cap	35.64
Indus Towers Ltd.	Telecom - infrastructure		109.1	0.00%	-0.85%	-	-	-	-	Large Cap	35.64
PB Fintech Ltd.	Financial technology (fintech)	2.56	142.8	0.00%	-1.12%	-	-	-	-	Other	37.34
Bond - T-Bill	Other		88.1	0.00%	-0.69%	-	-	-	-	Other	37.34
WABCO India Ltd.	Auto components & equipments	1.51	60.5	0.00%	-0.47%	-	-	-	-	Mid Cap	9.5

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Sagility India Ltd.	It enabled services	263	2.04%	2.04%	0% (Dec 2025)	0% (Dec 2025)	52.52 L	5252101
# Hindalco Industries Ltd.	Aluminium	161.7	1.25%	1.25%	0% (Dec 2025)	0% (Dec 2025)	2.00 L	200000
# Indusind Bank Ltd.	Private sector bank	150	1.16%	1.16%	0% (Dec 2025)	0% (Dec 2025)	1.75 L	174657
# Canara Bank	Public sector bank	166.7	1.29%	1.29%	0% (Dec 2025)	0% (Dec 2025)	11.00 L	1100000

Stocks removed from Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Bosch Ltd.	Auto components & equipments	130.4	0.00%	-1.02%	3.13% (Jul 2025)	1.02% (Oct 2025)	-3500
Indus Towers Ltd.	Telecom - infrastructure	109.1	0.00%	-0.85%	1.31% (Sep 2025)	0% (Nov 2024)	-300000
PB Fintech Ltd.	Financial technology (fintech)	142.8	0.00%	-1.12%	4.52% (Nov 2024)	1.12% (Oct 2025)	-80000
Bond - T-Bill	Other	88.1	0.00%	-0.69%	0% (Dec 2025)	0% (Dec 2025)	-900000
WABCO India Ltd.	Auto components & equipments	60.5	0.00%	-0.47%	1.36% (Aug 2025)	0.47% (Oct 2025)	-4873

Trend in stock holdings (Top 15 Holding)

Stock	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024
HDFC Bank Ltd.	7.42%	7.33%	7.34%	7.25%	7.42%	7.26%	7.25%	7.45%	7.29%	7.46%	6.65%	6.41%	5.47%
ICICI Bank Ltd.	3.23%	5.78%	6.03%	6.17%	6.02%	5.79%	5.96%	6.11%	5.95%	5.73%	5.17%	4.54%	3.96%
Reliance Industries Ltd.	3.04%	2.90%	3.33%	3.27%	2.69%	2.86%	2.79%	3.15%	3.75%	5.71%	5.48%	4.16%	4.43%
Infosys Ltd.	3.33%	2.90%	2.93%	2.95%	2.92%	3.06%	3.07%	3.06%	2.84%	3.67%	5.19%	4.80%	4.45%
Bharti Airtel Ltd.	3.10%	3.61%	3.66%	3.64%	3.56%	3.68%	3.50%	3.04%	2.55%	2.49%	3.35%	3.02%	3.10%
Hitachi Energy India Ltd.	3.08%	2.50%	2.63%	-	-	-	-	-	-	-	-	-	-
ABB Power Products and Systems India Ltd.	-	-	-	3.37%	3.42%	3.36%	3.33%	3.55%	3.19%	3.07%	3.18%	3.29%	2.73%
Federal Bank Ltd.	3.30%	3.05%	3.14%	3.08%	3.14%	3.25%	3.17%	3.21%	3.24%	3.22%	3.09%	3.05%	3.21%
Hindustan Petroleum Corporation Ltd.	3.10%	3.26%	3.24%	2.71%	2.92%	3.01%	2.90%	2.70%	2.65%	2.33%	2.59%	2.72%	2.55%
Shriram Finance Ltd.	1.49%	2.34%	3.00%	2.79%	2.93%	3.24%	3.01%	2.99%	3.31%	3.36%	2.47%	2.42%	2.53%
Kaynes Technology India Private Ltd.	1.92%	2.36%	2.58%	2.21%	2.39%	2.33%	3.05%	3.28%	2.79%	2.63%	2.77%	3.95%	3.19%
PB Fintech Ltd.	-	1.12%	1.56%	1.60%	1.58%	1.57%	1.55%	1.59%	3.61%	3.58%	3.85%	4.34%	4.52%
National Thermal Power Corporation Ltd.	-	-	-	-	-	-	-	-	-	-	-	-	2.49%
Max Healthcare Institute Ltd.	2.61%	2.42%	2.45%	2.50%	2.61%	2.63%	2.38%	2.42%	2.49%	2.40%	2.19%	2.15%	1.86%
PNB Housing Finance Ltd.	-	-	-	0.30%	1.91%	2.12%	2.05%	2.88%	2.96%	2.77%	2.81%	2.60%	2.64%