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Baroda BNP Paribas Innovation Fund Direct plan - Growth Option vs quant BFSI Fund - Growth Option - Direct Plan
Baroda BNP Paribas Innovation Fund and quant BFSI Fund are both in the Sectoral/ Thematic category, from Baroda BNP Paribas Asset Management India Private Limited and quant Money Managers Limited respectively. Baroda BNP Paribas Innovation Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Baroda BNP Paribas Innovation Fund has the lower direct-plan expense ratio, by 0.91 percentage points.
| Baroda BNP Paribas Innovation Fund Direct plan - Growth Option | quant BFSI Fund - Growth Option - Direct Plan | |
|---|---|---|
| Category | Sectoral/ Thematic | Sectoral/ Thematic |
| AMC | Baroda BNP Paribas Asset Management India Private Limited | quant Money Managers Limited |
| Benchmark | Nifty 500 TRI | Nifty Financial Services TRI |
| NAV | ₹13.5753 (2026-10-28) | ₹19.4632 (2026-10-28) |
| AUM | ₹825.27 Cr | ₹854.191 Cr |
| Expense Ratio (Direct) | 1.04% | 1.95% |
| Inception | 2024-02-14 | 2023-06-01 |
Returns
Risk Metrics
This fund is less than three years old, so a three-year risk history does not exist yet.
Portfolio Analytics
Baroda BNP Paribas Innovation Fund carries the higher portfolio YTM.
| Baroda BNP Paribas Innovation Fund Direct plan - Growth Option | quant BFSI Fund - Growth Option - Direct Plan | |
|---|---|---|
| P/E Ratio | 52.9878 | 11.7419 |
| P/B Ratio | - | - |
| Dividend Yield | 0.3863% | 1.5958% |
| Active Share | 85.65% | 97.37% |
| Portfolio Turnover | 61% | - |
| YTM | 5.5% | 5.3279% |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Baroda BNP Paribas Innovation Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, Baroda BNP Paribas Innovation Fund or quant BFSI Fund?
Baroda BNP Paribas Innovation Fund's direct-plan expense ratio is 0.91 percentage points lower than quant BFSI 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.
Why don't Baroda BNP Paribas Innovation Fund and quant BFSI Fund show risk metrics like Sharpe ratio or alpha?
This fund is less than three years old, so a three-year risk history does not exist yet. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, Baroda BNP Paribas Innovation Fund or quant BFSI Fund?
quant BFSI Fund has ₹854 Cr in assets under management, versus ₹825 Cr for Baroda BNP Paribas Innovation 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 Innovation Fund or quant BFSI Fund?
Baroda BNP Paribas Innovation Fund's portfolio YTM (5.5%) is higher than quant BFSI 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 Innovation Fund or quant BFSI Fund?
quant BFSI Fund launched on 2023-06-01, making it older than Baroda BNP Paribas Innovation Fund (launched 2024-02-14). 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.