Baroda BNP Paribas ELSS Tax Saver Fund turns Rs 10,000 SIP to Rs 1 crore in 20 years

Baroda BNP Paribas ELSS Tax Saver Fund turned a monthly SIP of ₹10,000 since inception, and would be worth around Rs 1.03 crore today, with SIP returns compounding at 12.90% CAGR since inception.

A lump-sum investment of Rs 1 lakh at inception in the Baroda BNP Paribas ELSS Tax Saver Fund would have grown to approximately Rs 91.48 lakh as of end-January 2026. Investors using a systematic approach have also benefited significantly.

Also Read | Parag Parikh Flexi Cap Fund increases stake in ITC, TCS and 14 others, trims exposure to Coal India and MCX


Managed by Sanjay Chawla, Chief Investment Officer – Equity, Baroda BNP Paribas Asset Management (India), the fund currently manages average assets under management of over Rs 922 crore. Since inception, the scheme has delivered 11.65% CAGR returns, reflecting its ability to navigate multiple market cycles while staying focused on long-term value creation.

Over the last two decades, the fund has thus established itself as a reliable long-term performer in the Equity Linked Savings Scheme (ELSS) category, combining disciplined equity investing with statutory tax benefits living the mutual funds brand promise of ‘Together for More’.

The fund follows a benchmark-agnostic investment approach with a large-cap bias, aiming to balance growth and stability. To manage volatility, the fund managers consciously avoid companies that are “deep cyclicals, global commodity businesses and those with high debt.” Instead, the portfolio is tilted toward growth companies with structural cash flows, supporting sustainable long-term compounding.

As an equity linked savings on tax (ELSS) scheme, the fund offers investors the advantage of tax deductions of up to Rs 1.5 lakh per financial year under Section 80C of the Income Tax Act, 1961. The scheme has a minimum investment amount of just Rs 500, making it accessible to first-time as well as seasoned investors. Investments in the fund are subject to a three-year lock-in period from the date of investment, as mandated under current tax laws.

Also Read | Confused which fund to buy? Radhika Gupta lists five key checkpoints every investor should know before investing

As it completes 20 years, the Baroda BNP Paribas ELSS Tax Saver Fund continues to stand out as a potential compelling solution for investors seeking tax savings, disciplined equity exposure, and long-term wealth creation within a single investment vehicle.