BNP Paribas Midcap has succeeded by depending itself on sector leaders.

This fund’s success rests on its investment approach which focuses on business-managementvaluation (BMV) framework. The fund manager identifies high-growth companies that meet quality parameters on cash flows, ROE and good governance. The filters don’t end here; the stocks selected are either sector leaders in the mid-cap space or challengers to leaders in large sectors. Since 2010 this fund has come of its own, mostly because of its size with which it can manage to take positions depending on the changing market conditions.