Baroda BNP Paribas Retirement Fund vs Union Retirement Fund
Baroda BNP Paribas Retirement Fund and Union Retirement Fund are both Retirement Funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +13.52%, 5-year CAGR — vs —, volatility 12.55% vs 14.29%, maximum drawdown −12.36% vs −17.77%. Their portfolios overlap by 28.8% (22 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 Retirement | Union Retirement | |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | Union Mutual Fund |
| Compared as | Retirement Funds | Retirement Funds |
| NAV | ₹12.0851 | ₹17.2300 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 31 May 2024 | 29 Sep 2022 |
| Track record | 2.4 yrs | 4.1 yrs |
| Fund size (AUM) | ₹387 Cr | ₹207 Cr |
| Securities held | 58 | 80 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Baroda BNP Paribas Retirement | Union Retirement | |
|---|---|---|
| 1 month | +3.03% | +2.26% |
| 3 months | −0.96% | −2.87% |
| 6 months | +2.37% | +0.76% |
| 1 year | +2.75% | +2.93% |
| 3 years (CAGR) | — | +13.52% |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +8.12% | +15.36% |
| 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 Retirement | Union Retirement | |
|---|---|---|
| 2026 (year to date) | +1.69% | +2.07% |
| 2025 | +7.59% | +7.45% |
| 2024 | — | +18.75% |
| 2023 | — | +32.30% |
Risk
| Baroda BNP Paribas Retirement | Union Retirement | |
|---|---|---|
| Volatility (annualised) ⓘ | 12.55% | 14.29% |
| Downside volatility ⓘ | 9.10% | 10.06% |
| Sharpe ratio ⓘ | 0.13 | 0.49 |
| Sortino ratio ⓘ | 0.18 | 0.70 |
| Maximum drawdown ⓘ | −12.36% | −17.77% |
| Recovery from that fall | 4 months | 8 months |
| Current fall from peak | −1.62% | −3.42% |
| Rolling 1-year return: worst | −3.47% | −5.01% |
| Rolling 1-year return: median | +6.15% | +10.97% |
| Rolling 1-year return: best | +15.71% | +45.97% |
| Share of 1-year periods with a loss | 3.94% | 3.40% |
Against each fund's benchmark
| Baroda BNP Paribas Retirement | Union Retirement | |
|---|---|---|
| Beta ⓘ | 0.79 | 0.94 |
| Alpha (Jensen's, annualised) ⓘ | +3.52% | +3.45% |
| R² ⓘ | 92.40 | 90.35 |
| Upside capture | 93.18% | 105.72% |
| Downside capture | 68.43% | 87.27% |
| Tracking error | 4.69% | 4.63% |
| Information ratio | 1.05 | 0.78 |
| Treynor ratio | -0.57 | 5.96 |
Portfolio
Asset mix
| Baroda BNP Paribas Retirement | Union Retirement | |
|---|---|---|
| Equity | 70.17% | 97.85% |
| Debt | 25.61% | 0.07% |
| Cash & equivalents | 4.22% | 2.08% |
Market-cap split (share of fund assets)
| Baroda BNP Paribas Retirement | Union Retirement | |
|---|---|---|
| Large Cap | 41.47% | 46.79% |
| Mid Cap | 18.12% | 20.48% |
| Small Cap | 10.58% | 30.58% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Baroda BNP Paribas Retirement | Union Retirement | |
|---|---|---|
| Top 10 holdings | 40.59% | 27.49% |
| Effective number of stocks ⓘ | 21.6 | 57.7 |
| Securities held | 58 | 80 |
Portfolio overlap: 28.8%
22 companies are held by both funds; by weight, 28.8% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Baroda BNP Paribas Retirement | Union Retirement |
|---|---|---|
| ICICI Bank Limited | 2.73% | 5.76% |
| HDFC Bank Limited | 2.20% | 4.29% |
| Multi Commodity Exchange of India Limited | 1.83% | 2.72% |
| Axis Bank Limited | 1.82% | 2.08% |
| State Bank of India | 2.23% | 1.77% |
| Navin Fluorine International Limited | 1.70% | 2.00% |
| Titan Company Limited | 2.01% | 1.55% |
| Reliance Industries Limited | 1.53% | 2.10% |
| Bharti Airtel Limited | 1.88% | 1.45% |
| Nippon Life India Asset Management Limited | 1.38% | 1.30% |
| Ujjivan Small Finance Bank Limited | 1.27% | 1.41% |
| GE Vernova T&D India Limited | 1.09% | 1.83% |
| Cholamandalam Investment and Finance Company Ltd | 1.00% | 1.06% |
| Bharat Heavy Electricals Limited | 1.95% | 0.96% |
| Tata Motors Ltd | 1.08% | 0.92% |
Top 10 holdings
Baroda BNP Paribas Retirement
- Government Securities18.30%
- 7.34% GOI MAT 2204643.98%
- ICICI Bank Limited2.73%
- Larsen & Toubro Limited2.67%
- Divi's Laboratories Limited2.64%
- State Bank of India2.23%
- HDFC Bank Limited2.20%
- Titan Company Limited2.01%
- Bharat Heavy Electricals Limited1.95%
- Bharti Airtel Limited1.88%
Union Retirement
- ICICI Bank Limited5.76%
- HDFC Bank Limited4.29%
- Multi Commodity Exchange of India Limited2.72%
- Solar Industries India Limited2.53%
- Eternal Limited2.17%
- Reliance Industries Limited2.10%
- Axis Bank Limited2.08%
- Navin Fluorine International Limited2.00%
- S.J.S. Enterprises Limited1.97%
- Azad Engineering Ltd1.87%
Sector exposure
| Baroda BNP Paribas Retirement | Union Retirement | |
|---|---|---|
| Sovereign | 22.76% | 0.04% |
| Banks | 15.78% | 17.03% |
| Capital Markets | 3.83% | 6.79% |
| Electrical Equipment | 4.62% | 6.25% |
| Chemicals & Petrochemicals | 3.56% | 5.77% |
| Auto Components | 0.00% | 5.73% |
| Consumer Durables | 2.01% | 5.61% |
| Automobiles | 4.68% | 3.59% |
| Retailing | 0.89% | 4.67% |
| IT - Software | 3.45% | 4.46% |
| Pharmaceuticals & Biotechnology | 3.93% | 4.11% |
| Finance | 3.44% | 2.89% |
| Industrial Products | 1.23% | 3.19% |
| Petroleum Products | 2.89% | 2.10% |
Questions people ask
What is the difference between Baroda BNP Paribas Retirement and Union Retirement returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +2.75% vs +2.93%; 3-year CAGR — vs +13.52%; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Baroda BNP Paribas Retirement and Union Retirement compare on risk?
Volatility (36 monthly returns, annualised) 12.55% vs 14.29%; Sharpe ratio 0.13 vs 0.49; Sortino ratio 0.18 vs 0.70; maximum drawdown −12.36% vs −17.77%; beta 0.79 vs 0.94.
How much do Baroda BNP Paribas Retirement and Union Retirement overlap?
By weight, 28.8% of the two portfolios is invested in the same companies; 22 stocks are held by both, the largest shared positions being ICICI Bank Limited, HDFC Bank Limited, Multi Commodity Exchange of India 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 Retirement and Union Retirement?
Baroda BNP Paribas Retirement: large cap 41.5%, mid cap 18.1%, small cap 10.6%. Union Retirement: large cap 46.8%, mid cap 20.5%, small cap 30.6% (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.