Baroda BNP Paribas Manufacturing Fund vs Mahindra Manulife Manufacturing Fund
Baroda BNP Paribas Manufacturing Fund and Mahindra Manulife Manufacturing Fund are both Manufacturing Funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs —, 5-year CAGR — vs —, volatility 17.46% vs 17.91%, maximum drawdown −22.04% vs −23.20%. Their portfolios overlap by 26.6% (12 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Baroda BNP Paribas Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | Mahindra Manulife Mutual Fund |
| Compared as | Manufacturing Funds | Manufacturing Funds |
| NAV | ₹10.9547 | ₹10.9101 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 3 Jul 2024 | 26 Jun 2024 |
| Track record | 2.3 yrs | 2.4 yrs |
| Fund size (AUM) | ₹783 Cr | ₹651 Cr |
| Securities held | 42 | 50 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Baroda BNP Paribas Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| 1 month | +0.03% | +1.34% |
| 3 months | −5.98% | −1.35% |
| 6 months | −3.47% | +1.90% |
| 1 year | +7.00% | +6.30% |
| 3 years (CAGR) | — | — |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +3.75% | +3.64% |
| SIP return (XIRR, 5 years) ⓘ | — | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Baroda BNP Paribas Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| 2026 (year to date) | +5.94% | +6.60% |
| 2025 | +8.79% | +7.64% |
Risk
| Baroda BNP Paribas Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| Volatility (annualised) ⓘ | 17.46% | 17.91% |
| Downside volatility ⓘ | 12.60% | 12.79% |
| Sharpe ratio ⓘ | -0.16 | -0.16 |
| Sortino ratio ⓘ | -0.22 | -0.22 |
| Maximum drawdown ⓘ | −22.04% | −23.20% |
| Recovery from that fall | 10 months | 14 months |
| Current fall from peak | −7.20% | −3.72% |
| Rolling 1-year return: worst | −6.03% | −6.02% |
| Rolling 1-year return: median | +10.60% | +6.88% |
| Rolling 1-year return: best | +29.78% | +23.45% |
| Share of 1-year periods with a loss | 18.67% | 21.96% |
Against each fund's benchmark
| Baroda BNP Paribas Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| Beta ⓘ | 1.01 | 1.05 |
| Alpha (Jensen's, annualised) ⓘ | +3.39% | +2.48% |
| R² ⓘ | 83.33 | 85.25 |
| Upside capture | 112.46% | 119.48% |
| Downside capture | 95.22% | 109.07% |
| Tracking error | 7.11% | 6.95% |
| Information ratio | 0.43 | 0.26 |
| Treynor ratio | -5.71 | -4.82 |
Portfolio
Asset mix
| Baroda BNP Paribas Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| Equity | 94.70% | 94.75% |
| Cash & equivalents | 3.42% | 5.23% |
| Debt | 1.88% | 0.00% |
Market-cap split (share of fund assets)
| Baroda BNP Paribas Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| Large Cap | 59.33% | 42.47% |
| Mid Cap | 19.11% | 12.98% |
| Small Cap | 16.26% | 39.30% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Baroda BNP Paribas Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| Top 10 holdings | 44.74% | 37.06% |
| Effective number of stocks ⓘ | 31.2 | 42 |
| Securities held | 42 | 50 |
Portfolio overlap: 26.6%
12 companies are held by both funds; by weight, 26.6% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Baroda BNP Paribas Manufacturing | Mahindra Manulife Manufacturing |
|---|---|---|
| Divi's Laboratories Limited | 7.72% | 5.42% |
| Sun Pharmaceutical Industries Limited | 4.80% | 3.92% |
| Reliance Industries Limited | 5.22% | 3.68% |
| Mahindra & Mahindra Limited | 3.22% | 4.42% |
| Bosch Limited | 2.44% | 1.90% |
| Bharat Electronics Limited | 1.79% | 2.77% |
| JSW Steel Limited | 2.24% | 1.35% |
| Bharat Forge Limited | 1.72% | 1.23% |
| Hyundai Motor India Ltd. | 1.95% | 1.22% |
| Tata Motors Ltd | 1.75% | 1.02% |
| Cochin Shipyard Limited | 0.97% | 0.91% |
| National Aluminium Company Limited | 2.92% | 0.89% |
Top 10 holdings
Baroda BNP Paribas Manufacturing
- Divi's Laboratories Limited7.72%
- Hitachi Energy India Limited5.87%
- Bharat Heavy Electricals Limited5.73%
- Reliance Industries Limited5.22%
- Sun Pharmaceutical Industries Limited4.80%
- Vedanta Aluminium Metal Limited3.23%
- Mahindra & Mahindra Limited3.22%
- Hindustan Zinc Limited3.14%
- National Aluminium Company Limited2.92%
- TVS Motor Company Ltd.2.89%
Mahindra Manulife Manufacturing
- Divi's Laboratories Limited5.42%
- Mahindra & Mahindra Limited4.42%
- SPR Auto Technologies Ltd4.21%
- Sun Pharmaceutical Industries Limited3.92%
- Reliance Industries Limited3.68%
- Tata Steel Ltd.3.60%
- Hindalco Industries Limited3.44%
- Bajaj Auto Limited2.91%
- Bharat Electronics Limited2.77%
- Samvardhana Motherson International Limited2.69%
Sector exposure
| Baroda BNP Paribas Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| Pharmaceuticals & Biotechnology | 17.14% | 13.26% |
| Auto Components | 9.04% | 15.85% |
| Electrical Equipment | 13.76% | 2.49% |
| Automobiles | 13.51% | 8.55% |
| Industrial Products | 3.07% | 11.91% |
| Non - Ferrous Metals | 9.29% | 4.33% |
| Aerospace & Defense | 3.59% | 6.16% |
| Chemicals & Petrochemicals | 5.98% | 3.13% |
| Industrial Manufacturing | 0.97% | 5.82% |
| Petroleum Products | 5.22% | 3.68% |
| Ferrous Metals | 2.24% | 4.95% |
| Agricultural, Commercial & Construction Vehicles | 3.96% | 1.02% |
| Textiles & Apparels | 0.00% | 3.12% |
| Cement & Cement Products | 0.82% | 2.59% |
Questions people ask
What is the difference between Baroda BNP Paribas Manufacturing and Mahindra Manulife Manufacturing returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +7.00% vs +6.30%; 3-year CAGR — vs —; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Baroda BNP Paribas Manufacturing and Mahindra Manulife Manufacturing compare on risk?
Volatility (36 monthly returns, annualised) 17.46% vs 17.91%; Sharpe ratio -0.16 vs -0.16; Sortino ratio -0.22 vs -0.22; maximum drawdown −22.04% vs −23.20%; beta 1.01 vs 1.05.
How much do Baroda BNP Paribas Manufacturing and Mahindra Manulife Manufacturing overlap?
By weight, 26.6% of the two portfolios is invested in the same companies; 12 stocks are held by both, the largest shared positions being Divi's Laboratories Limited, Sun Pharmaceutical Industries Limited, Reliance Industries Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Baroda BNP Paribas Manufacturing and Mahindra Manulife Manufacturing?
Baroda BNP Paribas Manufacturing: large cap 59.3%, mid cap 19.1%, small cap 16.3%. Mahindra Manulife Manufacturing: large cap 42.5%, mid cap 13.0%, small cap 39.3% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.