Baroda BNP Paribas MF raises Rs 1,200 crore+ from ESG and Services thematic fund launches

Baroda BNP Paribas Mutual Fund mobilised over Rs 1,200 crore across its two thematic fund launches in 2026. The Baroda BNP Paribas ESG Best-in-Class Strategy Fund and the Baroda BNP Paribas Services Fund were launched by the fund house.

The recently concluded Services Fund New Fund Offer (NFO) garnered over Rs 590 crore, following the successful Rs 640 crore mobilisation by the Baroda BNP Paribas ESG Best-in-Class Strategy Fund earlier this financial year.

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Together, the two launches attracted applications across more than 5,700 pin codes, reflecting broad-based participation from investors seeking differentiated equity strategies built around India's long-term growth opportunities.

Baroda BNP Paribas ESG Best-in-Class Strategy Fund was open for subscription between February 12 to February 26 whereas Baroda BNP Paribas Services Fund was open for subscription between July 14 to July 28.

"The response to our ESG Fund and Services Fund reflects the growing maturity of Indian investors, who are increasingly looking beyond broad market exposure towards investment opportunities driven by long-term structural trends,” said " Sanjay Grover, MD & CEO, Baroda BNP Paribas Asset Management (India).

“At Baroda BNP Paribas Mutual Fund, our endeavour is to build differentiated investment solutions that are backed by rigorous research and active fund management, helping investors participate in India's evolving growth story. We remain committed to expanding our product suite thoughtfully while staying focused on delivering long-term value to our investors,” Grover further said.

The two funds represent distinct yet complementary long-term investment opportunities. While the Baroda BNP Paribas ESG Best-in-Class Strategy Fund focuses on companies with strong environmental, social and governance practices, the Baroda BNP Paribas Services Fund aims to capture opportunities arising from India's expanding services economy.

India's services sector continues to be the country's largest contributor to Gross Value Added (GVA), supported by structural trends such as digitalisation, financial inclusion, healthcare expansion, technology adoption, logistics, travel, hospitality and rising consumer spending. These trends are expected to continue shaping India's economic growth over the coming years.

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Our parent companies, Bank of Baroda and BNP Paribas Asset Management Asia, bring strong ESG credentials and a shared commitment to responsible investing. Their combined legacy and global expertise strengthen the fund’s approach to integrating ESG considerations and creating long-term value.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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