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Baroda BNP Paribas Business Cycle Fund - Direct Plan - Growth vs Franklin India Opportunities Fund - Direct - Growth
Baroda BNP Paribas Business Cycle Fund and Franklin India Opportunities Fund are both in the Sectoral/ Thematic category, from Baroda BNP Paribas Asset Management India Private Limited and Franklin Templeton Asset Management (India) Private Limited respectively. Franklin India Opportunities Fund has posted a higher 3-year rolling CAGR. Franklin India Opportunities Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Franklin India Opportunities Fund has the lower direct-plan expense ratio, by 0.09 percentage points.
| Baroda BNP Paribas Business Cycle Fund - Direct Plan - Growth | Franklin India Opportunities Fund - Direct - Growth | |
|---|---|---|
| Category | Sectoral/ Thematic | Sectoral/ Thematic |
| AMC | Baroda BNP Paribas Asset Management India Private Limited | Franklin Templeton Asset Management (India) Private Limited |
| Benchmark | BSE 500 TRI | Nifty 500 TRI |
| NAV | ₹16.3587 (2026-10-28) | ₹276.9738 (2026-10-28) |
| AUM | ₹521.65 Cr | ₹9,055.35 Cr |
| Expense Ratio (Direct) | 0.97% | 0.88% |
| Inception | 2021-08-24 | 2000-02-21 |
Returns
Franklin India Opportunities Fund leads on 3-year rolling CAGR (19.1% vs Baroda BNP Paribas Business Cycle Fund's 17.4%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Franklin India Opportunities Fund has been the more volatile of the two by standard deviation.
| Baroda BNP Paribas Business Cycle Fund - Direct Plan - Growth | Franklin India Opportunities Fund - Direct - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.25 | 0.57 |
| 3Y Alpha | 2.6136% | 7.869% |
| 3Y Std Deviation | 13.7459% | 15.902% |
| 3Y Calmar Ratio | 0.52 | 0.90 |
Portfolio Analytics
Baroda BNP Paribas Business Cycle Fund carries the higher portfolio YTM.
| Baroda BNP Paribas Business Cycle Fund - Direct Plan - Growth | Franklin India Opportunities Fund - Direct - Growth | |
|---|---|---|
| P/E Ratio | 19.917 | 32.3127 |
| P/B Ratio | 6.656 | - |
| Dividend Yield | 0.9595% | 0.5729% |
| Active Share | 61.16% | 84.75% |
| Portfolio Turnover | 51% | 73.50999999999999% |
| YTM | 5.36% | 5.3428% |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Baroda BNP Paribas Business Cycle Fund and Franklin India Opportunities Fund carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, Baroda BNP Paribas Business Cycle Fund or Franklin India Opportunities Fund?
Franklin India Opportunities Fund's 3-year rolling CAGR of 19.1% is higher than Baroda BNP Paribas Business Cycle Fund's 17.4%. Franklin India Opportunities Fund sits in the 70th percentile of its category on this metric, versus the 50th percentile for Baroda BNP Paribas Business Cycle Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Baroda BNP Paribas Business Cycle Fund or Franklin India Opportunities Fund?
Franklin India Opportunities Fund's direct-plan expense ratio is 0.09 percentage points lower than Baroda BNP Paribas Business Cycle Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Baroda BNP Paribas Business Cycle Fund or Franklin India Opportunities Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Franklin India Opportunities Fund has been more volatile than Baroda BNP Paribas Business Cycle Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.25 for Baroda BNP Paribas Business Cycle Fund vs 0.57 for Franklin India Opportunities Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Baroda BNP Paribas Business Cycle Fund or Franklin India Opportunities Fund?
Franklin India Opportunities Fund has ₹9,055 Cr in assets under management, versus ₹522 Cr for Baroda BNP Paribas Business Cycle Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which has a higher yield to maturity (YTM), Baroda BNP Paribas Business Cycle Fund or Franklin India Opportunities Fund?
Baroda BNP Paribas Business Cycle Fund's portfolio YTM (5.36%) is higher than Franklin India Opportunities Fund's. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which fund has a longer track record, Baroda BNP Paribas Business Cycle Fund or Franklin India Opportunities Fund?
Franklin India Opportunities Fund launched on 2000-02-21, making it older than Baroda BNP Paribas Business Cycle Fund (launched 2021-08-24). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.