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Baroda Pioneer ELSS'96Invest Now In

Baroda Pioneer ELSS'96

Factsheetas on January 2018

Tax weighingscale

TaxesSavings

`

With ELSS

u/s 80C

`

* Investors should consult their financial advisers if in doubt about

whether the product is suitable for them.

Capital growth over long term

Investment predominantly in equity and equity related instruments.

This product is suitable for investors who are seeking*

(An Open Ended Tax Benefit-Cum-Growth Scheme)

31st January, 2018

BARODA PIONEER MUTUAL FUND

Dear Investors,

Warm Greetings!

Markets continued to rally during January 2018 with BSE SENSEX registering further gains of 6%. SENSEX gained 1,900 points to close at 35,965 level. The rally was led by large caps. Midcap indices underperformed with declines of 2-3%. Amongst sectors, IT and banking were top performers while Auto and Power sectors underperformed.

Besides India, most global stock markets saw sharp rally. Both emerging and developed markets rallied during the month. Russia, Brazil and Hong Kong markets were up 10-11%. US markets were up 6% during the same period, while UK was the worst performing, with decline of 1.4%.

The month started with robust auto sales and strong print in Purchasers Managers Index (PMI) data. Positive news continued with strong rebound in IIP data, broadly in line results and allocation of PSU recapitalization funds.

IIP growth in November recorded a robust growth of 8.4% against 2% in October. Sector-wise, manufacturing growth surged to a record high of 10.2% led by a 2.8% sequential increase. Mining grew 1.1% while electricity grew 3.9%. On use-based basis, capital goods continued to print the fourth consecutive positive growth at 9.4% while Infrastructure and construction sector also grew sharply by 13.5%. While consumer durables grew by a mere 2.5%, consumer non-durables grew by 23.1%.

CPI inflation accelerated to 5.2% in December from 4.9% in November, led primarily by adverse base effect and pickup in core inflation. Food inflation picked up to 5% compared to 4.4% in November. On a sequential basis, though, the food index was down 1.3% month-on-month. Core inflation picked up to 5.1% in December (from 4.7% in November). The sequential uptick was witnessed across housing and health while education and personal care witnessed a drop in prices.

Separately, Central Statistical Office (CSO) released advance GDP estimates for FY18. Real GDP growth is estimated to be at 6.5% in FY2018 vs 7.1% in FY17. Estimates indicate moderation in growth of agriculture and allied activities. Industrial sector growth may slow down. Services may see some improvement.

Quarterly results have been better than expected. Of the Nifty companies, which have reported results so far, half of them have reported better than expected profits. Earnings growth in the commodities sector was the highest, followed by consumer good and financials. Growth overall is widespread and backed by improving economic activity.

FPIs flows were positive to the tune of USD2bn. This compares with net inflows of USD8bn reported during calendar year 2017. Mutual funds flows were net positive to the tune of USD786mn, while Domestic institutions had outflows last month.

Currently, Nifty, on consensus earnings, is trading at PE(x) higher than historical levels. As per market consensus, earnings growth of 17% CAGR may be expected for two years, which could see some moderation going forward. We remain cautiously optimistic on equity markets.

Happy Investing!

Sanjay Chawla

Chief Investment Officer

Sources : Bloomberg, Economic Times

CIO Letter

2

Mr. Sanjay ChawlaChief Investment Officer

31st January, 2018


INDEX

Title

How To Read Factsheet Pg 4

Baroda Pioneer Growth Fund Pg 5

Baroda Pioneer ELSS’ 96 Pg 6

Baroda Pioneer Mid Cap Fund Pg 7

Baroda Pioneer Large Cap Fund Pg 8

Baroda Pioneer Banking and Financial Services Fund Pg 9

Baroda Pioneer Balance Fund Pg 10

Baroda Pioneer Monthly Income Plan (MIP) Fund(Monthly income is not assured and is subject to the availability of distributable surplus)

Pg 11

Baroda Pioneer Credit Opportunities Fund Pg 12

Baroda Pioneer Gilt Fund Pg 13

Baroda Pioneer Income Fund Pg 14

Baroda Pioneer Dynamic Bond Fund Pg 15

Baroda Pioneer Short Term Bond Fund Pg 16

Baroda Pioneer Treasury Advantage Fund Pg 17

Baroda Pioneer Liquid Fund Pg 18

Investment Performance Pg 19

SIP Returns Pg 23

Dividend History Pg 24

3

31st January, 2018


Fund Manager : An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Application Amount for Fresh Subscription : This is the minimum investment amount for a new investor in a mutual fund scheme.

Minimum Additional Amount : This is the minimum investment amount for an existing investor in a mutual fund scheme.

Yield to Maturity : The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity.

SIP : SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs. 500 every 15th of the month in an equity fund for a period of three years.

NAV : The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.

Benchmark : A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec.

Entry Load : A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs. 101.

Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.

Exit Load : Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is Rs. 100 and the exit load is 1%, the redemption price would be Rs. 99 Per Unit.

Modified Duration : Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

Standard Deviation : Standard deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

Sharpe Ratio : The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.

Beta : Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market.

AUM : AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Holdings : The holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.

Nature of Scheme : The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.

Rating Profile : Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.

How To Read Factsheet?

4

31st January, 2018


Baroda Pioneer Growth Fund

PORTFOLIO

Name of Instruments Ratings / Industries

% to Net Assets

EQUITY & EQUITY RELATED

Listed / awaiting listing on the stock exchanges

HDFC Bank Ltd. Banks 7.06%

Maruti Suzuki India Ltd. Auto 4.46%

ICICI Bank Ltd. Banks 3.86%

Mahindra & Mahindra Financial Services Ltd.

Finance 3.34%

Hindalco Industries Ltd.Non - Ferrous Metals

3.25%

Tata Steel Ltd. Ferrous Metals 3.20%

Kansai Nerolac Paints Ltd.Consumer Non Durables

2.95%

Petronet LNG Ltd. Gas 2.83%

Motherson Sumi Systems Ltd.

Auto Ancillaries 2.69%

Britannia Industries Ltd.Consumer Non Durables

2.64%

SBI Life Insurance Company Ltd.

Finance 2.58%

Whirlpool of India Ltd.Consumer Durables

2.30%

Bharat Forge Ltd.Industrial Products

2.24%

Yes Bank Ltd. Banks 2.22%

State Bank of India Banks 2.21%

The Federal Bank Ltd. Banks 2.20%

HCL Technologies Ltd. Software 2.16%

Shriram Transport Finance Company Ltd.

Finance 2.16%

Indraprastha Gas Ltd. Gas 2.14%

Sadbhav Engineering Ltd.Construction Project

2.04%

Pidilite Industries Ltd. Chemicals 2.03%

Godrej Consumer Products Ltd.

Consumer Non Durables

2.01%

Mphasis Ltd. Software 1.96%

DLF Ltd. Construction 1.96%

Reliance Industries Ltd.Petroleum Products

1.95%

GAIL (India) Ltd. Gas 1.95%

NBCC (India) Ltd. Construction 1.94%

Bharti Airtel Ltd.Telecom - Services

1.93%

Blue Star Ltd.Consumer Durables

1.88%

Bank of Baroda Banks 1.72%

Engineers India Ltd.Construction Project

1.67%

WABCO India Ltd. Auto Ancillaries 1.54%

Titan Company Ltd.Consumer Durables

1.50%

Larsen & Toubro Ltd.Construction Project

1.50%

Astral Poly Technik Ltd.Industrial Products

1.48%

Sun TV Network Ltd.Media & Entertainment

1.44%

Mahindra & Mahindra Ltd. Auto 1.43%

Infosys Ltd. Software 1.35%

PORTFOLIO


% to Net Assets

The Ramco Cements Ltd. Cement 1.30%

Apollo Tyres Ltd. Auto Ancillaries 1.30%

Vedanta Ltd.Non - Ferrous Metals

1.06%

Central Depository Services (I) Ltd.

Finance 1.04%

Grasim Industries Ltd. Cement 1.00%

Tata Motors Ltd. Auto 0.87%

Union Bank of India Banks 0.73%

Security and Intelligence Services (I) Ltd.

Commercial Services

0.65%


Syndicate Bank Banks 0.13%


Total 98.02%

CBLO / Reverse Repo Investments 6.27%

Total 6.27%

Cash & Cash Equivalents

Net Receivable/Payable -4.29%

Total -4.29%

Grand Total 100.00%

INDUSTRIES/RATINGS

20.13%9.12%

7.60%6.92%6.76%

5.68%5.53%5.47%5.21%

4.31%3.90%3.72%3.37%

2.30%2.03%1.98%1.95%1.93%1.44%

0.65%

BanksFinance

Consumer Non DurablesGas

AutoConsumer Durables

Auto AncillariesSoftware

Construction ProjectNon - Ferrous Metals

ConstructionIndustrial Products

Ferrous MetalsCement

ChemicalsCash & Equivalent

Petroleum ProductsTelecom - Services

Media & EntertainmentCommercial Services

Investors understand that their principal will be at Moderately High risk

This product is suitable for investors who are seeking*• Capital appreciation over long term• Investment predominantly in equity and equity related

instruments.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

INVESTMENT OBJECTIVE

To generate long term capital appreciation from an actively managed portfolio of equity & equity related instruments.

FUND DETAILS

Type of Scheme An Open Ended Growth Scheme

Date of Allotment September 12, 2003

Fund Manager# Mr. Sanjay Chawla& (Experience 29 yrs) Mr. Dipak Acharya (Experience 13 yrs)

Benchmark S&P BSE 200*

Monthly Average AUM (`)

658.08 Crs

Month end AUM (`) 639.49 Crs

Minimum Investment ` 5,000/- & in multiples of ` 1/- thereafter

Entry Load NAExit Load 1% if redeemed on or before

365 days from the date ofallotment of units, Nil if redeemed after 365 days from the date of allotment of units

Plans Plan A and Plan B (Direct)Option A. Growth Option (default

option in case no option specified by investor);B. Dividend Option1. Payout2. Re-investment (default sub-option in case no option specified by investor) C. Bonus Option$

SIP (Minimum) ` 500/month - 12 Installments` 1500/quarter - 4 Installments

RISk PROFILE 31 JANUARY 2018Standard deviation 14.09%Sharpe@ 0.21 Beta 0.99 Portfolio Turnover (last 12 months) 1.11

NAV AS ON 31 JANUARY 2018NAV (Per Unit) `Plan AGrowth 103.3900Dividend 39.5100Plan B - DirectGrowth 108.1300Dividend 39.2200

TOTAL EXPENSE RATIOPlan A 2.95%Plan B (Direct) 2.06%

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*For Disclaimer please refer page no 22@risk free rate (FBIL Overnight MIBOR) 6.00%& Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

An Open Ended Growth Scheme

5

31st January, 2018


PORTFOLIO


% to Net Assets






Finance 3.52%


3.21%

Kansai Nerolac Paints Ltd.


3.10%






Bharat Financial Inclusion Ltd.

Finance 2.80%


2.70%

Bata India Ltd.Consumer Durables

2.68%


Motherson Sumi Systems Ltd.

Auto Ancillaries 2.64%


2.49%

Carborundum Universal Ltd.

Industrial Products 2.39%




Cholamandalam Investment and Finance Company Ltd.

Finance 1.95%

City Union Bank Ltd. Banks 1.93%


Tamil Nadu Newsprint & Papers Ltd.

Paper 1.90%


Bharti Airtel Ltd. Telecom - Services 1.84%

Bajaj Finserv Ltd. Finance 1.83%


Commercial Services

1.81%




1.68%

Symphony Ltd.Consumer Durables

1.66%

GMR Infrastructure Ltd.Construction Project

1.49%

Mahindra & Mahindra Ltd.

Auto 1.28%


1.26%

PNC Infratech Ltd. Construction 1.24%


1.21%

Ambuja Cements Ltd. Cement 1.19%

PORTFOLIO


% to Net Assets

Century Textiles & Industries Ltd.

Cement 1.05%


Finance 1.05%

Central Depository Services (I) Ltd.

Finance 1.01%


Nava Bharat Ventures Ltd.

Power 0.60%

Can Fin Homes Ltd. Finance 0.51%

The South Indian Bank Ltd.

Banks 0.46%

Bajaj Corp Ltd.Consumer Non Durables

0.37%




Total 96.17%


Total 4.46%



Total -0.63%

Grand Total 100.00%

INDUSTRIES/RATINGS

20.19%12.67%

8.30%8.03%

6.19%5.96%

4.89%4.33%3.91%3.83%3.22%2.96%2.70%2.39%2.24%2.04%1.90%1.84%1.81%

0.60%

BanksFinance

Consumer DurablesGas

AutoConsumer Non Durables

Non - Ferrous MetalsAuto Ancillaries

SoftwareCash & Equivalent

Ferrous MetalsConstruction

Construction ProjectIndustrial Products

CementChemicals

PaperTelecom - Services

Commercial ServicesPower

Baroda Pioneer ELSS’ 96


This product is suitable for investors who are seeking*• Capital growth over long term• Investment predominantly in equity and equity related

instruments.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The main objective of the scheme is to provide the investor long term capital growth as also tax benefit under section 80C of the Income Tax Act, 1961.

FUND DETAILS

Type of Scheme An Open Ended Tax Benefit-Cum-Growth Scheme

Date of Allotment March 31, 1996Fund Manager# Mr. Sanjay Chawla& (Experience

29 yrs) Mr. Dipak Acharya (Experience 13 yrs)

Benchmark S&P BSE 200*Monthly Average AUM (`)

131.62 Crs

Month end AUM (`) 131.93 Crs Minimum Investment ` 500/- & in multiples of ` 1/-

thereafterEntry Load NAExit Load NilPlans Plan A and Plan B (Direct)

Option A. Growth Option (default option in case no option specified by investor);B. Dividend Option C. Bonus Option$



NAV AS ON 31 JANUARY 2018NAV (Per Unit) `Plan ADividend 35.1400Bonus 48.6900Growth 48.6900Plan B - DirectDividend 41.2500Bonus 51.7700Growth 51.7700


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.00%*For Disclaimer please refer page no 22& Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

An Open Ended Tax Benefit - Cum - Growth Scheme

6

31st January, 2018


Baroda Pioneer Mid-Cap Fund

Investors understand that their principal will be at High risk

This product is suitable for investors who are seeking*• Capital appreciation over long term.• Investment predominantly in equity and equity related

securities of growth oriented Mid-Cap stocks.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The primary objective of the Scheme is to generate capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of growth oriented mid cap stocks. However, there is no assurance or guarantee that the investment objective of the Scheme will be realized

FUND DETAILS

Type of Scheme An Open Ended Equity Scheme

Date of Allotment October 4, 2010

Fund Manager# Mr. Sanjay Chawla (Experience 29 yrs) Mr. Dipak Acharya (Experience 13 yrs)

Benchmark S&P BSE Mid-cap index*Monthly Average AUM (`) 39.72 Crs



Entry Load NAExit Load 1.00% if redeemed on or before 365

days from the date of allotment of units, Nil if redeemed after 365 days from the date of allotment of units

Plans Plan A and Plan B (Direct)

Option A. Growth Option (default option in case no option specified by investor);B. Dividend Option 1. Payout;2. Reinvestment (default sub-option in case no option specified by investor)C. Bonus Option$


PORTFOLIO


% to Net

Assets



Symphony Ltd.Consumer Durables

3.74%

Kalpataru Power Transmission Ltd.

Power 3.71%

Blue Dart Express Ltd. Transportation 3.61%



3.41%

Bharat Financial Inclusion Ltd. Finance 3.38%

Carborundum Universal Ltd.Industrial Products

3.33%


Finance 3.21%


3.08%

Astral Poly Technik Ltd.Industrial Products

3.08%

Solar Industries India Ltd. Chemicals 3.02%




Sundram Fasteners Ltd. Auto Ancillaries 2.70%

Raymond Ltd. Textile Products 2.70%

Jubilant Foodworks Ltd.Consumer Non Durables

2.62%

Crompton Greaves Consumer Electricals Ltd.

Consumer Durables

2.56%

Bajaj Corp Ltd.Consumer Non Durables

2.53%

Bajaj Electricals Ltd.Consumer Durables

2.51%


Finance 2.48%

K.P.R. Mill Ltd. Textile Products 2.45%


Rallis India Ltd. Pesticides 2.25%


2.23%


Commercial Services

2.14%

Tata Sponge Iron Ltd. Ferrous Metals 2.07%

National Aluminium Company Ltd.

Non - Ferrous Metals

1.93%


Gujarat State Fertilizers & Chemicals Ltd.

Fertilisers 1.86%

Century Textiles & Industries Ltd. Cement 1.78%

Gulf Oil Lubricants India Ltd.Petroleum Products

1.73%

PC Jeweller Ltd.Consumer Durables

1.56%

MOIL Ltd. Minerals/Mining 1.56%


1.54%

JK Cement Ltd. Cement 1.43%

Century Plyboards (India) Ltd.Consumer Durables

1.24%

Balkrishna Industries Ltd. Auto Ancillaries 1.17%


PORTFOLIO


% to Net

Assets

Engineers India Ltd.Construction Project

1.14%



Total 98.13%


Total 2.46%



Total -0.59%

Grand Total 100.00%

INDUSTRIES/RATINGS

19.64%10.22%

6.73%6.41%5.78%5.15%5.15%

3.71%3.61%3.45%3.37%3.21%3.02%2.79%2.35%2.25%2.14%2.07%1.93%1.87%1.86%1.73%1.56%

Consumer DurablesFinance

BanksIndustrial Products

Auto AncillariesConsumer Non Durables

Textile ProductsPower

TransportationSoftware

Construction ProjectCement

ChemicalsConstruction

GasPesticides

Commercial ServicesFerrous Metals

Non - Ferrous MetalsCash & Equivalent

FertilisersPetroleum Products

Minerals/Mining

An Open Ended Equity Scheme

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015*For Disclaimer please refer page no 22 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.00%

7

RISk PROFILE 31 JANUARY 2018

Standard deviation 16.36%Sharpe@ -0.11Beta 0.92 Portfolio Turnover (last 12 months) 1.50

NAV AS ON 31 JANUARY 2018

NAV (Per Unit) `Plan AGrowth 10.0400Dividend 10.0400Plan B - DirectGrowth 10.4500Dividend 10.4500

TOTAL EXPENSE RATIO

Plan A 3.20%Plan B (Direct) 2.29%

31st January, 2018


Baroda Pioneer Large Cap Fund


This product is suitable for investors who are seeking*• Capital appreciation over long term• Investment predominantly in a diversified portfolio

of equity and equity related securities of Large Cap companies.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The primary objective of the Scheme is to generate capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of large cap companies. The Scheme may also invest in debt and money market securities.However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.

FUND DETAILS

Type of Scheme An Open Ended Equity SchemeDate of Allotment June 22, 2010Fund Manager# Mr. Sanjay Chawla (Experience 29 yrs)

Mr. Dipak Acharya (Experience 13 yrs)

Benchmark Nifty 100*Monthly Average AUM (`) 29.98 CrsMonth end AUM (`) 29.73 Crs Minimum Investment ` 5,000/- & in multiples of ` 1/-

thereafterEntry Load NAExit Load 1.00% if redeemed on or before

365 days from the date of allotment of units, Nil if redeemed after 365 days from the date of allotment of units




PORTFOLIO


% to Net

Assets




Reliance Industries Ltd. Petroleum Products 6.44%



5.70%


5.58%





Tata Consultancy Services Ltd.

Software 3.13%

Hindustan Unilever Ltd.Consumer Non Durables

2.75%

Infosys Ltd. Software 2.70%





Godrej Consumer Products Ltd.


2.47%



Finance 2.33%

MRF Ltd. Auto Ancillaries 2.28%

Zee Entertainment Enterprises Ltd.

Media & Entertainment

2.19%

Colgate Palmolive (India) Ltd.Consumer Non Durables

2.07%

ABB India Ltd.Industrial Capital Goods

1.94%

Nestle India Ltd.Consumer Non Durables

1.88%

Container Corporation of India Ltd.

Transportation 1.86%


Finance 1.85%

PNB Housing Finance Ltd. Finance 1.74%



Mahindra & Mahindra Ltd. Auto 1.53%


1.14%

Adani Ports and Special Economic Zone Ltd.




Total 96.99%


Total 3.23%



Total -0.22%

Grand Total 100.00%

INDUSTRIES/RATINGS

21.14%

10.58%

9.17%

7.48%

6.72%

6.44%

5.92%

5.70%

4.96%

3.74%

3.21%

3.01%

2.87%

2.65%

2.28%

2.19%

1.94%

Banks

Auto


Software


Petroleum Products

Finance

Construction Project

Cement

Ferrous Metals

Gas

Cash & Equivalent

Transportation

Telecom - Services

Auto Ancillaries

Media & Entertainment

Industrial Capital Goods

An Open Ended Equity Scheme

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*For Disclaimer please refer page no 22@risk free rate (FBIL Overnight MIBOR) 6.00%

8

RISk PROFILE 31 JANUARY 2018

Standard deviation 15.15%

Sharpe@ 0.06

Beta 1.00

Portfolio Turnover (last 12 months) 1.32


NAV (Per Unit) `

Plan AGrowth 14.4000

Dividend 13.2600

Plan B - DirectGrowth 14.9200

Dividend 13.7600

TOTAL EXPENSE RATIO

Plan A 3.24%

Plan B (Direct) 2.16%

31st January, 2018


Baroda Pioneer Banking and Financial Services Fund

Investors understand that their principal will be atHigh risk

This product is suitable for investors who are seeking*• Capital appreciation over long term• Investment predominantly in equity and equity related

securities of companies engaged in the Banking & Financial Services Sector* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The investment objective is to generate long-term capital appreciation for unit holders from a portfolio invested predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector.

FUND DETAILS

Type of Scheme An Open Ended Sectoral Scheme

Date of Allotment June 22, 2012

Fund Manager# Mr. Dipak Acharya(Experience 13 yrs)

Benchmark Nifty Bank Index*

Monthly Average AUM (`) 42.71 Crs



Entry Load NA

Exit Load Exit Load - 1.00% if redeemed on or before 365 days from the date of allotment of units, Nil if redeemed after 365 days from the date of allotment of units





NAV AS ON 31 JANUARY 2018NAV (Per Unit) `Plan AGrowth 21.8100Dividend 18.5400Bonus 21.8100Plan B - DirectGrowth 22.7100Dividend 19.3800Bonus NA


PORTFOLIO


% to Net Assets





Bharat Financial Inclusion Ltd. Finance 9.70%



Kotak Mahindra Bank Ltd. Banks 7.03%


Finance 3.21%


Axis Bank Ltd. Banks 2.74%




Finance 2.22%



Finance 1.91%

IIFL Holdings Ltd. Finance 1.85%

The South Indian Bank Ltd. Banks 1.04%

The Jammu & Kashmir Bank Ltd.

Banks 0.94%



Karur Vysya Bank Ltd. Banks 0.33%

Total 95.06%


Total 3.91%


Net Receivable/Payable 1.03%

Total 1.03%

Grand Total 100.00%

INDUSTRIES/RATINGS

73.95%

21.11%

4.94%

Banks

Finance

Cash & Equivalent

An Open Ended Sectoral Scheme

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*For Disclaimer please refer page no 22@risk free rate (FBIL Overnight MIBOR) 6.00%

9

31st January, 2018


Baroda Pioneer Balance Fund


This product is suitable for investors who are seeking*• Capital appreciation along with stability over long term• Investment predominantly in equity and equity related

instruments with balance exposure to money market instruments and debt securities.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The scheme is targeted for long-term capital appreciation along with stability through a well balanced portfolio comprising of equity, equity related instruments, money market instrument and debt securities.

FUND DETAILS

Type of Scheme An Open Ended Balanced Scheme

Date of Allotment September 12, 2003

Fund Manager# Mr. Sanjay Chawla& (Experience 29 yrs) Mr. Dipak Acharya (Experience 13 yrs)

Benchmark CRISIL Hybrid 35+65 – Aggressive Index(effective February 1, 2018)

Monthly Average AUM (`) 557.94 CrsMonth end AUM (`) 585.10 Crs


Entry Load NA

Exit Load 1% if redeemed on or before 12 months from the date of allotment of units, Nil if redeemed after 12 months from the date of allotment of units





NAV AS ON 31 JANUARY 2018NAV (Per Unit) `Plan AGrowth 57.2600Dividend 18.8300Bonus NAPlan B - DirectGrowth 60.6500Dividend 20.6300


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.00% & Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

PORTFOLIO


% to Net

Assets




Maruti Suzuki India Ltd. Auto 3.42%Mahindra & Mahindra Financial Services Ltd.

Finance 2.78%



2.54%






1.94%


1.91%


Finance 1.89%

Motherson Sumi Systems Ltd. Auto Ancillaries 1.88%


Ambuja Cements Ltd. Cement 1.80%Cholamandalam Investment and Finance Company Ltd.

Finance 1.76%








1.52%

KEC International Ltd.Construction Project

1.48%




Bharat Forge Ltd. Industrial Products 1.35%


Emami Ltd.Consumer Non Durables

1.35%

Carborundum Universal Ltd. Industrial Products 1.33%

Bharat Financial Inclusion Ltd. Finance 1.26%Security and Intelligence Services (I) Ltd.

Commercial Services

1.24%



Tata Consultancy Services Ltd. Software 1.07%

Supreme Industries Ltd. Industrial Products 1.01%

Bajaj Electricals Ltd.Consumer Durables

1.00%


0.97%


0.93%


Tata Motors Ltd. Auto 0.89%Central Depository Services (I) Ltd.

Finance 0.86%

The South Indian Bank Ltd. Banks 0.62%






Total 73.10%

CENTRAL GOVERNMENT SECURITIES

07.61% CGL 2030 Sovereign 0.85%

PORTFOLIO


% to Net

Assets

07.88% CGL 2030 Sovereign 0.31%07.17% CGL 2028 Sovereign 0.24%08.24% CGL 2027 Sovereign 0.23%08.60% CGL 2028 Sovereign 0.02%08.28% CGL 2027 Sovereign 0.02%

Total 1.67%

STATE GOVERNMENT SECURITIES

09.72% SDL 2023 Sovereign 0.56%

Total 0.56%

BONDS & NCDs


ICICI Bank Ltd. [ICRA]AA+ 4.31%

HDFC Bank Ltd. CRISIL AA+ 3.43%

Yes Bank Ltd. [ICRA]AA 2.50%

Bank of Baroda CRISIL AA+ 2.37%Dewan Housing Finance Corporation Ltd.

BWR AAA 2.09%

Indian Railway Finance Corporation Ltd.

CRISIL AAA 2.00%

PNB Housing Finance Ltd. IND AAA 1.87%Edelweiss Commodities Services Ltd.

CARE AA 1.73%

Vijaya Bank [ICRA]AA- 0.87%

Total 21.17%

Unlisted

IIFL Wealth Finance Ltd. [ICRA]AA 1.77%

Total 1.77%


Total 2.25%



Total -0.52%

Grand Total 100.00%

All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.

INDUSTRIES/RATINGS

15.27%9.62%

5.80%5.28%

4.46%4.31%4.31%4.27%3.89%3.86%3.73%3.69%3.38%

2.70%2.23%2.09%2.00%1.91%1.91%1.87%1.73%1.73%1.69%1.63%1.55%1.55%1.43%1.24%0.87%

BanksFinance

CRISIL AA+Gas

Consumer DurablesAuto

[ICRA]AA+[ICRA]AA

Consumer Non DurablesAuto Ancillaries

SoftwareIndustrial Products

Construction ProjectCement

SovereignBWR AAA

CRISIL AAAFerrous Metals

Non - Ferrous MetalsIND AAACARE AA

Cash & EquivalentChemicalsPesticides

ConstructionTelecom - Services

TransportationCommercial Services

[ICRA]AA-

An Open Ended Balanced Scheme

10

31st January, 2018


Baroda Pioneer Monthly Income Plan (MIP) Fund

Investors understand that their principal will be at Moderate risk

This product is suitable for investors who are seeking*• Regular Income and capital appreciation over medium

term with providing liquidity• Investment in debt and money market instruments and

in equity and equity related instruments.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


To generate regular income through investment in debt and money market instruments and also to generate long-term capital appreciation by investing a portion in equity and equity related instruments.

FUND DETAILS

Type of Scheme An Open Ended Income Scheme with no assured returns.

Date of Allotment September 08, 2004Fund Manager Ms. Hetal Shah#

(Experience 15 yrs)

Benchmark CRISIL Hybrid 85+15 - ConservativeIndex (effective February 1, 2018)


Month end AUM (`) 24.60 CrsMinimum Investment ` 5,000/- & in multiples of ` 1/-

thereafterEntry Load NAExit Load NIL Plans Plan A and Plan B (Direct)Options • Growth (default option in case no

option specified by investor);• Monthly Dividend (default) 1. Payout 2. Reinvestment (default sub-option in case no option specified by investor)• Quarterly Dividend 1. Payout 2. Reinvestment (default sub-option in case no option specified by investor)• Bonus Option$



NAV (Per Unit) `Plan AGrowth 22.2212Dividend - Monthly 13.5314Dividend - Quarterly 13.2171Plan B - DirectGrowth 23.1913Dividend - Monthly 13.9143Dividend - Quarterly 13.6295

PORTFOLIO CHARACTERISTIC

Average Maturity (Days) 3064.08Modified Duration (Years) 5.63Portfolio Yield (%) 7.80

TOTAL EXPENSE RATIO


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

PORTFOLIO


% to Net

Assets

EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchanges





Finance 1.23%



1.04%


0.95%





0.62%

Carborundum Universal Ltd.Industrial Products

0.60%


Finance 0.56%


National Aluminium Company Ltd.


0.46%

Nestle India Ltd.Consumer Non Durables

0.46%

Bharti Airtel Ltd.Telecom - Services

0.45%

IIFL Holdings Ltd. Finance 0.45%

Gujarat State Fertilizers & Chemicals Ltd.

Fertilisers 0.44%

Sun TV Network Ltd.Media & Entertainment

0.42%





Tata Sponge Iron Ltd. Ferrous Metals 0.33%




MOIL Ltd. Minerals/Mining 0.25%



Total 18.74%


07.17% CGL 2028 Sovereign 15.99%

08.60% CGL 2028 Sovereign 12.98%

07.61% CGL 2030 Sovereign 12.05%

07.88% CGL 2030 Sovereign 10.25%

07.59% CGL 2026 Sovereign 4.06%

08.24% CGL 2027 Sovereign 2.11%

07.59% CGL 2029 Sovereign 2.01%

Total 59.45%

BONDS & NCDs


IndusInd Bank Ltd. CRISIL AA 4.09%

Tata Capital Financial Services Ltd.

[ICRA]AA+ 4.03%

India Infoline Housing Finance Ltd.

[ICRA]AA 3.28%

IIFL Facilities Services Ltd. [ICRA]AA 2.67%

PORTFOLIO


% to Net

Assets

Power Grid Corporation of India Ltd.

CRISIL AAA 2.55%

Total 16.62%


Total 3.69%



Total 1.50%

Grand Total 100.00%


RATING PROFILE

59.45%5.95%5.19%4.09%4.03%3.36%2.79%2.55%2.03%1.50%1.48%1.39%1.18%1.09%0.73%0.60%0.45%0.44%0.42%0.40%0.32%0.31%0.25%

Sovereign[ICRA]AA

Cash & EquivalentCRISIL AA

[ICRA]AA+Banks

FinanceCRISIL AAA

Consumer Non DurablesNon - Ferrous Metals

GasAuto Ancillaries

AutoFerrous Metals

ChemicalsIndustrial ProductsTelecom - Services

FertilisersMedia & Entertainment

TransportationCement

PesticidesMinerals/Mining

INSTRUMENTS

59.45%

18.74%

16.62%

3.69% 1.50% CENTRALGOVERNMENTSECURITIESEQUITY & EQUITYRELATEDBONDS & NCDsCBLO / Reverse RepoInvestmentsCash & CashEquivalents

An Open Ended Income Scheme with no assured returns.(Monthly income is not assured and is subject to the availability of distributable surplus.)

11

31st January, 2018


Baroda Pioneer Credit Opportunities Fund


This product is suitable for investors who are seeking*• Income over medium term.• Investment in a mix of debt and money market

instruments across the credit and maturity spectrum.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The primary objective of the Scheme is to generate returns by investing in debt and money market instruments across the credit spectrum. There is no assurance or guarantee that the investment objective of the Scheme will be realized.

FUND DETAILS

Type of Scheme An Open Ended Debt SchemeDate of Allotment January 23, 2015Fund Manager Mr. Alok Sahoo#

(Experience 17 yrs), Mr. Karn Kumar&

(Experience 13 yrs)Benchmark CRISIL Short Term Bond Fund

IndexMonthly Average AUM (`)

922.17 Crs


thereafterEntry Load NAExit Load If units are redeemed upto 10%

of the units, on or before one year from the date of allotment : Nil If units are redeemed over and above the 10% limit, on or before one year from the date of allotment : 1% of the applicable Net Asset Value (NAV) If units are redeemed after one year from the date of allotment : Nil

Plans Plan A and Plan B (Direct)Options • Growth (default option in case no

option specified by investor);• Monthly Dividend 1.Payout 2.Reinvestment (default sub-option in case no option specified by investor)• Quarterly Dividend 1.Payout 2.Reinvestment (default sub-option in case no option specified by investor)• Bonus Option$




TOTAL EXPENSE RATIO


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds, if any, managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22& Mr. Karn Kumar is managing the Scheme along with Mr. Alok Sahoo effective July 24, 2017

PORTFOLIO


% to Net

Assets

MONEY MARkET INSTRUMENT

Commercial Paper**

Peninsula Land Ltd. [ICRA]A1 6.89%

Total 6.89%


07.17% CGL 2028 Sovereign 1.81%

06.68% CGL 2031 Sovereign 0.80%

07.61% CGL 2030 Sovereign 0.11%

Total 2.72%


07.65% SDL 2027 Sovereign 1.06%

07.33% SDL 2027 Sovereign 0.62%

08.11% SDL 2028 Sovereign 0.36%

Total 2.04%

BONDS & NCDsListed / awaiting listing on the stock exchanges

Piramal Enterprises Ltd. [ICRA]AA 8.13%

Apollo Hospitals Enterprise Ltd. CRISIL AA 8.00%

Edelweiss Commodities Services Ltd.

[ICRA]AA 6.05%

Aspire Home Finance Corporation Ltd.

[ICRA]AA- 5.61%


Dewan Housing Finance Corporation Ltd.

BWR AAA 4.32%

IIFL Facilities Services Ltd. [ICRA]AA 4.20%

India Infoline Housing Finance Ltd.

CRISIL AA 3.87%

Edelweiss Housing Finance Ltd. [ICRA]AA 2.82%


CARE AA 2.75%

ICICI Bank Ltd. [ICRA]AA+ 2.73%

Indiabulls Housing Finance Ltd. BWR AAA 2.21%

Indiabulls Housing Finance Ltd. CARE AAA 1.64%


CRISIL AAA 1.23%

Bank of Baroda CRISIL AA+ 1.18%

Edelweiss Asset Reconstruction Company Ltd.

[ICRA]AA 1.09%

HDFC Bank Ltd. CRISIL AA+ 1.09%

Yes Bank Ltd. [ICRA]AA 1.06%

Janalakshmi Financial Services Ltd. [ICRA]A- 0.65%

JSW Steel Ltd. CARE AA- 0.55%

Bank of Baroda CARE AA 0.11%

Total 64.20%

UnlistedARM Infra & Utilities Private Ltd. BWR A1+ (SO) 6.49%


Cyquator Media Services Private Ltd.

BWR A+ 4.35%

Janalakshmi Financial Services Ltd. [ICRA]A- 1.91%

Powergrid Vizag Transmission Ltd.

CRISIL AAA (SO)

1.11%

Total 18.35%

Investment Funds/Mutual FundsBaroda Pioneer Liquid Fund - Plan B (Direct) - Growth Option

[ICRA]A1+mfs 2.17%

Total 2.17%

CBLO /Reverse Repo investments 0.09%

Total 0.09%



Total 3.54%

PORTFOLIO


% to Net

Assets

Grand Total 100.00%

All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.**Thinly traded / Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.

RATING PROFILE

27.84%16.78%

6.89%6.53%6.49%

5.61%4.76%4.35%

3.63%2.86%2.73%2.56%2.27%2.17%1.64%1.23%1.11%0.55%

[ICRA]AACRISIL AA[ICRA]A1

BWR AAABWR A1+ (SO)

[ICRA]AA-SovereignBWR A+

Cash & EquivalentCARE AA

[ICRA]AA+[ICRA]A-

CRISIL AA+[ICRA]A1+mfs

CARE AAACRISIL AAA

CRISIL AAA (SO)CARE AA-

INSTRUMENTS

CBLO / Reverse RepoInvestments

64.20%

18.35%

6.89%3.54%

2.72%2.17%2.04%

0.09%

BONDS & NCDsUnlistedMONEY MARKETINSTRUMENTCash & CashEquivalentsCENTRALGOVERNMENTSECURITIESInvestmentFunds/Mutual FundsSTATE GOVERNMENTSECURITIES


NAV (Per Unit) `Plan ABonus NAGrowth 13.2880Dividend - Quarterly 10.7229Dividend - Monthly 10.7795Plan B - Direct

Bonus 13.7791Growth 13.7791Dividend - Quarterly 11.1364Dividend - Monthly 11.2498

An Open Ended Debt Scheme

12

31st January, 2018


Baroda Pioneer Gilt Fund



• Credit risk free regular Income over long term

• Investment only in Government (both Central and State Government) Securities* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


To generate income by investing in a portfolio of Government securities.

FUND DETAILS

Type of Scheme An Open Ended Gilt SchemeDate of Allotment March 21, 2002Fund Manager Ms. Hetal Shah#

(Experience 15 yrs)

Benchmark I SEC-MI BEXMonthly Average AUM (`)

45.25 Crs


thereafterEntry Load NAExit Load 0.25% if redeemed on or before

1 month (30 days) from the date of allotment of units. Nil if redeemed after 1 month (30 days) from the date of allotment of units


option specified by investor);• Dividend 1 .Payout 2 .Reinvestment (default sub-option in case no option specified by investor)• Bonus Option$






TOTAL EXPENSE RATIO

Plan A 1.96%


PORTFOLIO


% to Net Assets


07.61% CGL 2030 Sovereign 13.18%

06.68% CGL 2031 Sovereign 10.20%

07.88% CGL 2030 Sovereign 10.01%

08.24% CGL 2027 Sovereign 7.38%

07.17% CGL 2028 Sovereign 6.56%

07.59% CGL 2029 Sovereign 6.15%

08.28% CGL 2027 Sovereign 5.56%

06.79% CGL 2027 Sovereign 2.11%

08.60% CGL 2028 Sovereign 1.66%

07.59% CGL 2026 Sovereign 1.11%

Total 63.92%


07.33% SDL 2027 Sovereign 8.49%

09.39% SDL 2023 Sovereign 5.97%

Total 14.46%


Total 18.23%



Total 3.39%

Grand Total 100.00%

RATING PROFILE

78.38%

21.62%

Sovereign

Cash & Equivalent

INSTRUMENTS

63.92%

18.23%

14.46%

3.39% CENTRALGOVERNMENTSECURITIES


STATE GOVERNMENTSECURITIES

Cash & CashEquivalents


An Open Ended Gilt Scheme

13

31st January, 2018


Baroda Pioneer Income Fund


This product is suitable for investors who are seeking*• Regular Income over long term• Investment predominantly in good quality Fixed Income

Securities by maintaining a balance between Risk & Return.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


To generate regular income by investing in a portfolio of good quality Fixed Income Securities by maintaining a balance between Risk & Return.

FUND DETAILS

Type of Scheme An Open Ended Income SchemeDate of Allotment March 21, 2002Fund Manager Ms. Hetal Shah#

(Experience 15 yrs)

Benchmark CRISIL Composite Bond Fund IndexMonthly Average AUM (`)

21.66 Crs


thereafterEntry Load NAExit Load If units are redeemed upto 10%

of the units, on or before one year from the date of allotment : NilIf units are redeemed over and above the 10% limit, on or before one year from the date of allotment : 1% of the applicable Net Asset Value (NAV)If units are redeemed after one year from the date of allotment : Nil


option specified by investor);• Dividend 1.Payout 2.Reinvestment (default sub-option in case no option specified by investor)• Bonus Option$






TOTAL EXPENSE RATIO


PORTFOLIO


% to Net Assets


07.59% CGL 2026 Sovereign 11.62%

07.88% CGL 2030 Sovereign 9.40%

06.79% CGL 2027 Sovereign 8.83%

06.68% CGL 2031 Sovereign 8.54%

08.60% CGL 2028 Sovereign 4.46%

07.59% CGL 2029 Sovereign 2.30%

Total 45.15%


09.35% SDL 2024 Sovereign 3.76%

08.58% SDL 2023 Sovereign 3.42%

09.39% SDL 2023 Sovereign 2.16%

08.60% SDL 2023 Sovereign 0.65%

Total 9.99%

BONDS & NCDs




[ICRA]AA 9.26%


BWR AAA 8.51%


CRISIL AAA 8.31%

Total 35.45%


Total 7.17%



Total 2.24%

Grand Total 100.00%


RATING PROFILE

55.14%

9.41%

9.37%

9.26%

8.51%

8.31%

Sovereign

Cash & Equivalent

CRISIL AA

[ICRA]AA

BWR AAA

CRISIL AAA

INSTRUMENTS

45.15%

35.45%

9.99%

7.17%2.24% CENTRAL

GOVERNMENTSECURITIESBONDS & NCDs

STATE GOVERNMENTSECURITIESCBLO / Reverse RepoInvestmentsCash & CashEquivalents

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

An Open Ended Income Scheme

14

31st January, 2018


Baroda Pioneer Dynamic Bond Fund


This product is suitable for investors who are seeking*• Regular Income over medium term with providing

liquidity• Investment in medium to long term corporate bonds

and / or government securities and manage the portfolio dynamically through different interest rate cycles* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The investment objective of the scheme is to generate returns with liquidity by managing the portfolio dynamically through interest rate cycles.

FUND DETAILS

Type of Scheme An Open Ended Income Scheme


Fund Manager Mr. Alok Sahoo# (Experience 17 yrs), Ms. Hetal Shah# (Experience 15 yrs)

Benchmark CRISIL Composite Bond Fund Index




Entry Load NA

Exit Load 0.50% if redeemed within 3 months from the date of allotment of units, Nil if redeemed after 3 months from the date of allotment of units


Options • Growth (default option in case no option specified by investor);• Dividend 1. Payout 2. Reinvestment (default sub-option in case no option specified by investor)• Bonus Option$






TOTAL EXPENSE RATIO

Plan A 1.62%


PORTFOLIO


% to Net Assets


08.28% CGL 2027 Sovereign 12.48%

06.79% CGL 2027 Sovereign 9.10%

07.59% CGL 2029 Sovereign 5.69%

07.59% CGL 2026 Sovereign 4.79%

07.17% CGL 2028 Sovereign 4.72%

08.60% CGL 2028 Sovereign 1.53%

Total 38.31%


09.72% SDL 2023 Sovereign 10.41%

Total 10.41%

BONDS & NCDs



BWR AAA 9.75%

Janalakshmi Financial Services Ltd.

[ICRA]A- 8.63%


Total 23.21%


Total 25.82%



Total 2.25%

Grand Total 100.00%


RATING PROFILE

48.72%

28.07%

9.75%

8.63%

4.83%

Sovereign

Cash & Equivalent

BWR AAA

[ICRA]A-

CRISIL AA

INSTRUMENTS

38.31%

25.82%

23.21%

10.41%2.25% CENTRAL

GOVERNMENTSECURITIESCBLO / Reverse RepoInvestmentsBONDS & NCDsSTATE GOVERNMENTSECURITIESCash & CashEquivalents



15

31st January, 2018


Baroda Pioneer Short Term Bond Fund

Investors understand that their principal will be at Moderately Low risk

This product is suitable for investors who are seeking*• Regular Income over short term• Investment predominantly in Money Market Instruments

(i.e. CP/CD) and Short Term Debt Market Instruments* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The objective of the Scheme is to generate income from a portfolio constituted of short term debt and money market securities.

FUND DETAILS

Type of Scheme An Open Ended Income Scheme


Fund Manager Mr. Alok Sahoo# (Experience 17 yrs), Ms. Hetal Shah# (Experience 15 yrs)

Benchmark CRISIL Short Term Bond Fund Index




Entry Load NA

Exit Load 0.25% if redeemed on or before 15 days from the date of allotment of units. Nil if redeemed after 15 days from the date of allotment of units


Options • Growth (default option in case no option specified by investor);• Monthly Dividend^ 1. Payout 2. Reinvestment (default sub-option in case no option specified by investor)• Quarterly Dividend^ 1. Payout 2. Reinvestment (default sub-option in case no option specified by investor)






TOTAL EXPENSE RATIO

Plan A 1.30%


PORTFOLIO


% to Net Assets

BONDS & NCDs


Indiabulls Housing Finance Ltd. CARE AAA 8.35%

Piramal Enterprises Ltd. [ICRA]AA 8.28%

Power Finance Corporation Ltd.

CRISIL AAA 8.07%

Manappuram Finance Ltd. CRISIL AA- 7.87%


BWR AAA 6.98%

L&T Finance Ltd. [ICRA]AA+ 6.87%

PNB Housing Finance Ltd. IND AAA 6.57%

Tata Capital Financial Services Ltd.

[ICRA]AA+ 6.57%


CARE AA 6.16%

Housing Development Finance Corporation Ltd.

CRISIL AAA 5.58%


[ICRA]AA 4.12%


[ICRA]AA 3.62%


CRISIL A+ 2.50%


[ICRA]A- 1.99%

India Infoline Finance Ltd. [ICRA]AA 1.73%


[ICRA]AA- 1.13%


CRISIL AAA 0.14%

Total 86.53%

Unlisted



[ICRA]A- 1.89%

Total 9.03%


Total 0.13%



Total 4.31%

Grand Total 100.00%


RATING PROFILE

24.89%

13.79%

13.44%

8.35%

7.87%

6.98%

6.57%

6.16%

4.44%

3.88%

2.50%

1.13%

[ICRA]AA

CRISIL AAA

[ICRA]AA+

CARE AAA

CRISIL AA-

BWR AAA

IND AAA

CARE AA

Cash & Equivalent

[ICRA]A-

CRISIL A+

[ICRA]AA-

INSTRUMENTS

86.53%

9.03%4.31% 0.13%

BONDS & NCDs

Unlisted




^ The Dividend Option has been renamed as Monthly Dividend Option and a Quarterly Dividend Option has been introduced effective December 23, 2016.$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

16

31st January, 2018


[ICRA] A1+ mfs*Baroda Pioneer Treasury Advantage Fund

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 Effective November 01, 2012, dividends declared under the Regular Plan (which has been discontinued from October 01, 2012) will be reinvested in Baroda Pioneer Treasury Advantage Fund (earlier called Institutional Plan) *For Disclaimer please refer page no 22# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

Investors understand that their principal will be at Moderately Low risk

This product is suitable for investors who are seeking*• Regular income over short term with maintaining a

balance between returns and liquidity• Investment predominantly in Money Market (i.e. CP/

CDs) and Debt Market Instruments* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The main objective of the scheme is to provide optimal returns and liquidity through a portfolio comprising of debt securities and money market instruments

FUND DETAILS

Type of Scheme An Open Ended Debt Scheme


Fund Manager Mr. Alok Sahoo#

(Experience 17 yrs), Ms. Hetal Shah#

(Experience 15 yrs)

Benchmark CRISIL Liquid Fund Index

Monthly Average AUM (`)

1,872.10 Crs

Month end AUM (`) 1,808.18 Crs


Entry Load NA

Exit Load Nil


Options

• Growth (default option in case no option specified by investor); • Daily Dividend 1 .Reinvestment • Weekly Dividend 1 .Reinvestment • Monthly Dividend 1 .Payout 2 . Reinvestment (default sub-option in case no option specified by investor)• Quarterly Dividend 1.Payout 2 . Reinvestment (default sub-option in case no option specified by investor)• Bonus Option$

SIP (Minimum) ` 500/month - 12 Instalments` 1500/quarter - 4 Instalments



TOTAL EXPENSE RATIO

Plan A 0.81%


PORTFOLIOName of Instruments Ratings /

Industries% to

Net Assets

MONEY MARkET INSTRUMENTCertificate of Deposit**IndusInd Bank Ltd. CRISIL A1+ 5.34%Axis Bank Ltd. CRISIL A1+ 4.00%HDFC Bank Ltd. IND A1+ 3.01%Total 12.35%Commercial Paper**IIFL Wealth Finance Ltd. CRISIL A1+ 6.64%Edelweiss Commodities Services Ltd.

[ICRA]A1+ 5.43%

JM Financial Products Ltd. CRISIL A1+ 4.09%Piramal Enterprises Ltd. [ICRA]A1+ 4.08%Edelweiss Agri Value Chain Ltd. [ICRA]A1+ 4.08%Peninsula Land Ltd. [ICRA]A1 0.60%Total 24.92%Treasury BillsTBILL 317 DAY 15 Mar 18 Sovereign 5.18%Total 5.18%BONDS & NCDsListed / awaiting listing on the stock exchangesIndiabulls Housing Finance Ltd. CARE AAA 8.57%Dewan Housing Finance Corporation Ltd.

BWR AAA 7.29%

Piramal Enterprises Ltd. [ICRA]AA 6.58%Yes Bank Ltd. [ICRA]AA 2.67%Manappuram Finance Ltd. CRISIL AA- 2.62%Aspire Home Finance Corporation Ltd.

[ICRA]AA- 2.57%


[ICRA]A- 1.92%

Apollo Hospitals Enterprise Ltd. CRISIL AA 1.57%Power Finance Corporation Ltd. CRISIL AAA 1.45%IndusInd Bank Ltd. CRISIL AA 1.44%Bank of Baroda CARE AA 1.33%Edelweiss Commodities Services Ltd.

CARE AA 1.00%


CRISIL A+ 0.88%


CRISIL AAA 0.63%

India Infoline Finance Ltd. [ICRA]AA 0.51%Indiabulls Housing Finance Ltd. BWR AAA 0.28%Housing Development Finance Corporation Ltd.

CRISIL AAA 0.28%


[ICRA]AA 0.11%


[ICRA]AA 0.11%

Total 41.81%Unlisted

ARM Infra & Utilities Private Ltd.BWR A1+ (SO)

6.55%

Cyquator Media Services Private Ltd.

BWR A+ 1.92%

Total 8.47%CBLO / Reverse Repo Investments 5.05%Total 5.05%Cash & Cash EquivalentsNet Receivable/Payable 2.22%Total 2.22%Grand Total 100.00%

All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.**Thinly traded / Non traded securities and illiquid securities asdefined in SEBI Regulations and Guidelines.

RATING PROFILE

20.07%

13.59%

9.98%

8.57%

7.57%

7.27%

6.55%

5.18%

3.01%

3.01%

2.62%

2.57%

2.36%

2.33%

1.92%

1.92%

0.88%

0.60%

CRISIL A1+

[ICRA]A1+

[ICRA]AA

CARE AAA

BWR AAA

Cash & Equivalent

BWR A1+ (SO)

Sovereign

IND A1+

CRISIL AA

CRISIL AA-

[ICRA]AA-

CRISIL AAA

CARE AA

BWR A+

[ICRA]A-

CRISIL A+

[ICRA]A1

INSTRUMENTS

41.81%

24.92%

12.35%

8.47%

5.18%5.05% 2.22% BONDS & NCDs

Commercial PaperMONEY MARKETINSTRUMENTUnlistedTreasury BillsCBLO / Reverse RepoInvestmentsCash & CashEquivalents


NAV (Per Unit) `Regular

Growth 1955.2937

Dividend - Daily 1006.5930

Dividend - Weekly 1000.4171

Dividend - Monthly 1001.5234

Dividend - Quarterly NA

Plan A

Bonus 1990.4614

Growth 2004.9761




Dividend - Quarterly 1033.7578

Plan B - Direct

Bonus NA

Growth 2038.1658




Dividend - Quarterly 1041.6673

An Open Ended Debt Scheme

17

31st January, 2018


[ICRA] A1+ mfs*Baroda Pioneer Liquid Fund

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 Effective November 01, 2012, dividends declared under the Regular Plan (which has been discontinued from October 01, 2012) will be reinvested in Baroda Pioneer Liquid Fund (earlier called Institutional Plan) *For Disclaimer please refer page no 22# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22 & Aggregate investments made by other schemes of Baroda Pioneer Mutual Fund – Rs.20.00 crores

Investors understand that their principal will be atLow risk


• Regular income over short term with high level of liquidity

• Investment predominantly in Money Market (i.e. CP / CDs) Instruments* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


To generate income with a high level of liquidity by investing in a portfolio of money market and debt securities.

FUND DETAILS

Type of Scheme An Open Ended Liquid Scheme

Date of Allotment February 5, 2009

Fund Manager Mr. Alok Sahoo#

(Experience 17 yrs), Ms. Hetal Shah#

(Experience 15 yrs)

Benchmark CRISIL Liquid Fund Index

Monthly Average AUM (`)&

9,076.36 Crs

Month end AUM (`) 8,275.39 Crs


Entry Load NA

Exit Load Nil


Options • Growth (default option in case no option specified by investor);• Daily Dividend 1.Reinvestment• Weekly Dividend 1.Reinvestment• Bonus Option$

SIP (Minimum) ` 500/month - 12 Instalments` 1500/quarter - 4 Instalments



TOTAL EXPENSE RATIOPlan A 0.23%


PORTFOLIO


% to Net

Assets

MONEY MARkET INSTRUMENT

Certificate of Deposit**

HDFC Bank Ltd. IND A1+ 7.28%

IDFC Bank Ltd. [ICRA]A1+ 4.61%

ICICI Bank Ltd. CARE A1+ 4.33%

Yes Bank Ltd. [ICRA]A1+ 2.18%

Axis Bank Ltd. CRISIL A1+ 0.54%

Total 18.94%

Commercial Paper**

Export-Import Bank of India CRISIL A1+ 5.39%Housing Development Finance Corporation Ltd.

CARE A1+ 4.91%

National Bank for Agriculture and Rural Development

CRISIL A1+ 4.89%

India Infoline Housing Finance Ltd. CRISIL A1+ 3.80%

Edelweiss Commodities Services Ltd. [ICRA]A1+ 3.52%

Aditya Birla Housing Finance Ltd. [ICRA]A1+ 2.18%

Tata Motors Finance Ltd. [ICRA]A1+ 2.17%

Piramal Enterprises Ltd. [ICRA]A1+ 1.64%

Larsen & Toubro Ltd. CRISIL A1+ 1.63%

Tata Capital Housing Finance Ltd. CRISIL A1+ 1.62%

Edelweiss Agri Value Chain Ltd. [ICRA]A1+ 1.62%

India Infoline Finance Ltd. CRISIL A1+ 1.62%

SREI Equipment Finance Ltd. CARE A1+ 1.62%

IIFL Wealth Finance Ltd. CRISIL A1+ 1.58%

IIFL Facilities Services Ltd. CRISIL A1+ 1.31%

Muthoot Homefin (I) Ltd. [ICRA]A1+ 1.09%Indian Railway Finance Corporation Ltd.

CRISIL A1+ 1.09%

PNB Housing Finance Ltd. CRISIL A1+ 1.09%

Small Industries Development Bank of India CRISIL A1+ 0.98%

Adani Enterprises Ltd. BWR A1+ 0.92%

Godrej Properties Ltd. CRISIL A1+ 0.27%

Kotak Commodity Services Private Ltd. [ICRA]A1+ 0.27%

Total 45.21%

Treasury Bills

TBILL 329 DAY 12 Mar 18 Sovereign 3.26%


TBILL 91 DAY 15 Feb 18 Sovereign 0.57%



Total 5.91%

Fixed Deposit

The South Indian Bank Ltd. Unrated 4.32%

RBL Bank Ltd. Unrated 1.64%

Ujjivan Small Finance Bank Ltd. Unrated 1.09%

Yes Bank Ltd. Unrated 1.09%

SBM Bank (Mauritius) Ltd. Unrated 0.44%

Total 8.58%

CBLO /Reverse Repo investments 21.53%

Total 21.53%



Total -0.17%

Grand Total 100.00%

All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.**Thinly traded / Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.

RATING PROFILE

25.81%

21.36%

19.28%

10.86%

8.58%

7.28%

5.91%

0.92%

CRISIL A1+

Cash & Equivalent

[ICRA]A1+

CARE A1+

Unrated

IND A1+

Sovereign

BWR A1+

INSTRUMENTS

45.21%

21.53%

18.94%

8.58%5.91%

-0.17% Commercial Paper


MONEY MARKETINSTRUMENT

Fixed Deposit

Treasury Bills



NAV (Per Unit) `RegularGrowth 2892.3958

Dividend 2478.0717Dividend - Daily 1006.0602Plan AGrowth 1965.6157Dividend - Daily 1001.1191Dividend - Weekly 1000.3546Plan B - DirectBonus 1975.3262Growth 1974.9870Dividend - Daily 1001.8422Dividend - Weekly 1219.3913

An Open Ended Liquid Scheme

18

31st January, 2018


Investment Performance

Funds Managed by Mr. Sanjay Chawla & Mr. Dipak Acharya

Date Of Inception: 12/09/20031 Year 3 Years 5 Years

Since InceptionScheme Name & Benchmark

Baroda Pioneer Growth Fund (in %)^ 27.00 8.89 15.14 17.62

S&P BSE 200 (Scheme Benchmark) (in %)* 31.70 11.17 15.95 17.23

Nifty 50 (Standard Benchmark) (in %)$ 30.48 9.10 14.18 17.07

` 10,000, if invested in BPGF, would have become ` 12,700 ` 12,917 ` 20,245 ` 1,03,390

` 10,000, if invested in S&P BSE 200, would have become ` 13,170 ` 13,746 ` 20,966 ` 98,597

` 10,000, if invested in Nifty 50, would have become ` 13,048 ` 12,991 ` 19,418 ` 96,664

^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. * with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 12 Sep 2003 to 29 June 2007, and TRI values since 29 June 2007.



Baroda Pioneer ELSS’ 96 Fund (in %)^ 26.86 8.37 15.56 13.14

S&P BSE 200 (Scheme Benchmark) (in %)* 31.70 11.17 15.95 13.55


`10,000, if invested in BPELSS’96F, would have become ` 12,686 ` 12,731 ` 20,615 ` 1,48,559

`10,000, if invested in S&P BSE 200, would have become ` 13,170 ` 13,746 ` 20,966 ` 1,60,800

`10,000, if invested in Nifty 50, would have become ` 13,048 ` 12,991 ` 19,418 ` 1,52,837

^Past performance may or may not be sustained in the future.Data is for Dividend Option and the last working day of January has been considered in all cases. Returns have been computed assuming that all payouts during the period have been reinvested in the units of the Scheme at the respective prevailing NAVs. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. * with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 31 March 1996 to 29 June 2007, and TRI values since 29 June 2007.



Baroda Pioneer Balance Fund (in %)^ 22.38 9.83 13.35 12.89

CRISIL Hybrid 35+65 - Aggressive index& (Scheme Benchmark) (in %) 21.04 10.27 13.53 14.09


`10,000, if invested in BPBF, would have become ` 12,238 ` 13,255 ` 18,719 ` 57,260

`10,000, if invested in CRISIL Hybrid 35+65 - Aggressive index (effective February 1, 2018), would have become ` 12,104 ` 13,415 ` 18,871 ` 66,733

`10,000, if invested in Nifty 50, would have become ` 13,048 ` 12,991 ` 19,418 ` 96,664

^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015. &(Benchmark has been renamed effective February 1, 2018).The equity component of the index has been changed from Nifty 50 to S&P BSE 200. The index will be total return index in the equity component from August 1, 2016 while the debt component will be total return since inception. Price return of S&P BSE 200 (equity component) will be used for computing index values prior to August 1, 2016.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).



Baroda Pioneer Mid-Cap Fund (in %)^ 30.90 4.21 5.67 0.05

S&P BSE MidCap (Scheme Benchmark)& (in %) 36.66 18.73 21.65 12.14


`10,000, if invested in BPMCF, would have become ` 13,090 ` 11,319 ` 13,176 ` 10,040

`10,000, if invested in S&P BSE MidCap, would have become ` 13,666 ` 16,753 ` 26,657 ` 23,168


^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme with Mr. Dipak Acharya effective October 3, 2016. & (Scheme Benchmark has been changed to S&B BSE Mid-cap Index effective October 3, 2016)Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).

19

31st January, 2018



Funds Managed by Mr. Sanjay Chawla & Mr. Dipak Acharya



Baroda Pioneer Large Cap Fund (in %)^ 17.74 6.94 12.64 4.90

Nifty 100 (Scheme Benchmark)& (in %) 30.94 10.43 15.36 12.07


`10,000, if invested in BPLCF, would have become ` 11,774 ` 12,234 ` 18,136 ` 14,400



^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme with Mr. Dipak Acharya effective October 3, 2016. &(Scheme Benchmark has been changed to Nifty 100 effective October 3, 2016)Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).

Funds Managed by Mr. Dipak AcharyaDate Of Inception: 22/06/2012

1 Year 3 Years 5 YearsSince

InceptionScheme Name & Benchmark

Baroda Pioneer Banking and Financial Services Fund (in %)^ 27.92 8.03 12.50 14.90

Nifty Bank Index (Scheme Benchmark) (in %) 41.20 12.21 17.64 20.58


`10,000, if invested in BPBFSF, would have become ` 12,792 ` 12,614 ` 18,025 ` 21,810

`10,000, if invested in Nifty Bank Index, would have become ` 14,120 ` 14,137 ` 22,542 ` 28,598


^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).



Baroda Pioneer Short Term Bond Fund (in %)^ 6.86 8.33 8.54 8.20

CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 5.38 7.88 8.53 8.22

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 5.65 6.97 7.05 6.89

`10,000, if invested in BPSTBF, would have become ` 10,686 ` 12,719 ` 15,071 ` 18,196

`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become ` 10,538 ` 12,562 ` 15,062 ` 18,221

`10,000, if invested in CRISIL 1 year T-Bill, would have become ` 10,565 ` 12,246 ` 14,058 ` 16,588

^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.

Funds Managed by Mr. Alok Sahoo and Ms. Hetal Shah

20

Date Of Inception: 05/02/2009 1 Year 3 Years 5 Years


Baroda Pioneer Liquid Fund (in %)^ 6.67 7.54 8.19 7.81

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 6.68 7.39 8.10 7.43

CRISIL 1 year T-Bill (Standard Benchmark) (in%)$ 5.65 6.97 7.05 6.19

`10,000, if invested in BPLF, would have become ` 10,667 ` 12,443 ` 14,827 ` 19,656

`10,000, if invested in CRISIL Liquid Fund Index, would have become ` 10,668 ` 12,391 ` 14,761 ` 19,047

`10,000, if invested in CRISIL 1 year T-Bill, would have become ` 10,565 ` 12,246 ` 14,058 ` 17,159


31st January, 2018



Funds Managed by Mr. Alok Sahoo and Ms. Hetal Shah



Baroda Pioneer Treasury Advantage Fund (in %)^ 7.16 8.49 8.83 8.41

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 6.68 7.39 8.10 7.46


`10,000, if invested in BPTAF, would have become ` 10,716 ` 12,776 ` 15,273 ` 20,050

`10,000, if invested in CRISIL Liquid Fund Index, would have become ` 10,668 ` 12,391 ` 14,761 ` 18,587

`10,000, if invested CRISIL 1 year T-Bill, would have become ` 10,565 ` 12,246 ` 14,058 ` 16,930


Date of Inception: 23/01/20151 Year 3 Year Since Inception

Scheme Name & Benchmark

Baroda Pioneer Credit Opportunities Fund (in %)^ 7.43 9.60 9.85

CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 5.38 7.88 7.89

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 5.65 6.97 6.98

`10,000, if invested in BPCOF, would have become ₹` 10,743 ₹` 13,173 ₹` 13,288

`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become ₹` 10,538 ₹` 12,562 ₹` 12,582

`10,000, if invested CRISIL 1 year T-Bill, would have become ₹` 10,565 ₹` 12,246 ₹` 12,263

^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. The Scheme has been in existence for 3 years but less than 5 years.Mr. Karn Kumar is managing the scheme along with Mr. Alok Sahoo since July 24, 2017.



Baroda Pioneer Monthly Income Plan (MIP) Fund (in %)^* 5.44 6.34 8.33 6.14

CRISIL Hybrid 85+15 - Conservative Index& (Scheme Benchmark) (in %) 7.08 8.57 9.72 8.72

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ -2.43 6.24 6.36 5.71

`10,000, if invested in BPMIPF, would have become ` 10,544 ` 12,029 ` 14,924 ` 22,221

`10,000, if invested in CRISIL Hybrid 85+15 - Conservative Index, would have become ` 10,708 ` 12,804 ` 15,904 ` 30,669

`10,000, if invested in CRISIL 10 Year Gilt Index, would have become ` 9,757 ` 11,995 ` 13,616 ` 21,062

^Past performance may or may not be sustained in the future.Data is for for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. &(Benchmark has been renamed effective February 1, 2018).The equity component of the index has been changed from Nifty 50 to S&P BSE 200. The index will be total return index in the equity component from August 1, 2016 while the debt component will be total return since inception. Price return of S&P BSE 200 (equity component) will be used for computing index values prior to August 1, 2016.

Funds Managed by Ms. Hetal Shah

21

*Monthly income is not assured and is subject to the availability of distributable surplus.

Date of Inception: 30/06/20121 Year 3 Years 5 Years


Baroda Pioneer Dynamic Bond Fund (in %)^ 3.87 7.68 8.75 8.96

CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 3.17 7.97 8.50 8.68


`10,000, if invested in BPDBF, would have become ` 10,387 ` 12,491 ` 15,212 ` 16,161

`10,000, if invested in CRISIL Composite Bond Fund Index, would have become ` 10,317 ` 12,593 ` 15,038 ` 15,928

`10,000, if invested CRISIL 1 year T-Bill, would have become ` 10,565 ` 12,246 ` 14,058 ` 14,746

^Past performance may or may not be sustained in the future.Data is for for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.

Funds Managed by Mr. Alok Sahoo and Mr. karn kumar

31st January, 2018



Funds Managed by Ms. Hetal Shah



Baroda Pioneer Income Fund (in %)^ 1.55 5.89 7.43 6.19

CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 3.17 7.97 8.50 6.99

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ -2.43 6.24 6.36 6.43

`10,000, if invested in BPIF, would have become ` 10,155 ` 11,877 ` 14,312 ` 25,962

`10,000, if invested in CRISIL Composite Bond Fund Index, would have become ` 10,317 ` 12,593 ` 15,038 ` 29,219



Disclaimers: Nifty Bank Index and Nifty 100: Baroda Pioneer Large Cap Fund and Baroda Pioneer Banking and Financial Services Fund (“said Schemes”) offered by Baroda Pioneer Mutual Fund are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Schemes or any member of the public regarding the advisability of investing in securities generally or in the said Schemes linked to Nifty 100 and Nifty Bank Index or particularly in the ability of the Nifty Bank Index to track general stock market performance in India. Please read the full disclaimers in relation to the Nifty 100 and Nifty Bank Index in the Offer Document / Prospectus / Information Statement.

S&P BSE 200: Baroda Pioneer Growth Fund and Baroda Pioneer ELSS’ 96 Fund (“said Schemes”) offered by Baroda Pioneer Mutual Fund are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Schemes or any member of the public regarding the advisability of investing in securities generally or in the said Schemes linked to S&P BSE 200 or particularly in the ability of the S&P BSE 200 and to track general stock market performance in India. Please read the full disclaimers in relation to the S&P BSE 200 in the Offer Document / Prospectus / Information Statement.

S&P BSE Midcap Index is a product of AIPL, a joint venture among affiliates of S&P Dow Jones Indices LLC (“SPDJI”) and BSE Limited (“BSE”), and has been licensed for use by Baroda Pioneer Asset Management Company Ltd. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); BSE® is registered trademarks of BSE Limited; Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by AIPL and sublicensed for certain purposes by Baroda Pioneer Asset Management Company Ltd. Baroda Pioneer Mid-Cap Fund is not sponsored, endorsed, sold or promoted by SPDJI, BSE, Dow Jones, S&P or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P BSE Midcap Index.

*ICRA Credit Ratings: The rating indicates highest-credit quality rating assigned by ICRA Ltd. to debt funds. Schemes with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they have made. This rating should however not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a recommendation to buy, sell or hold the units issued by the Mutual Fund.

22



Baroda Pioneer Gilt Fund (in %)^ 0.62 6.29 7.69 6.28

I-Sec Mi-BEX (Scheme Benchmark) (in %) 3.72 8.07 8.74 7.69

CRISIL 10 Year Gilt Index (Standard Benchmark)$ -2.43 6.24 6.36 6.43

`10,000, if invested in BPGF, would have become ` 10,062 ` 12,011 ` 14,489 ` 26,305

`10,000, if invested in I-Sec Mi-BEX, would have become ` 10,372 ` 12,626 ` 15,210 ` 32,427


^Past performance may or may not be sustained in the future.Data is for for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.

31st January, 2018


Record Date Ex-Dividend NAV (Rs) Per Unit$ (Rs)

Baroda Pioneer Growth Fund - Plan A - Dividend23-Mar-17 35.86 2.50

24-Jun-16 33.72 2.80

24-Jul-15 39.49 3.50

Baroda Pioneer Growth Fund - Plan B - Direct - Dividend23-Mar-17 35.33 2.50

24-Jun-16 33.05 2.80

24-Jul-15 38.61 3.50

Baroda Pioneer ELSS 96 - Plan A - Dividend23-Mar-17 32.07 2.50

22-Mar-16 28.50 2.50

23-Feb-15 32.32 2.25

Baroda Pioneer ELSS 96 - Plan B - Direct - Dividend23-Mar-17 36.88 2.50

23-Feb-15 33.19 2.25

14-Mar-14 23.15 2.00

Baroda Pioneer Large Cap Fund - Plan A - Dividend09-Jan-15 10.38 0.90

Baroda Pioneer Large Cap Fund - Plan B - Direct - Dividend09-Jan-15 10.54 0.90

Baroda Pioneer Banking and Financial Services Fund - Plan A - Dividend23-Mar-17 17.44 1.50

09-Sep-14 13.29 1.00

Baroda Pioneer Banking and Financial Services Fund - Plan B - Direct - Dividend23-Mar-17 18.04 1.50

09-Sep-14 13.46 1.00

Baroda Pioneer Balance Fund - Plan A - Dividend29-Dec-17 19.05 0.50

27-Sep-17 18.06 0.50

30-Jun-17 18.34 0.40

Baroda Pioneer Balance Fund - Plan B - Direct - Dividend29-Dec-17 20.84 0.50

27-Sep-17 19.64 0.50

30-Jun-17 19.80 0.40

Baroda Pioneer MIP Fund - Plan A - Monthly Dividend*25-Jan-18 13.5444 0.07

27-Dec-17 13.6053 0.07

27-Nov-17 13.7223 0.07

Baroda Pioneer MIP Fund - Plan B - Direct - Monthly Dividend*25-Jan-18 13.9263 0.07

27-Dec-17 13.9664 0.07

27-Nov-17 14.0741 0.07

Baroda Pioneer MIP Fund - Plan A - Quarterly Dividend*29-Dec-17 13.2845 0.20

27-Sep-17 13.2248 0.20

30-Jun-17 13.4843 0.20

Baroda Pioneer MIP Fund - Plan B - Direct - Quarterly Dividend*29-Dec-17 13.6800 0.20

27-Sep-17 13.5806 0.20

30-Jun-17 13.8116 0.20

Baroda Pioneer Credit Opportunities Fund - Plan A - Quarterly Dividend29-Dec-17 10.6908 0.21

27-Sep-17 10.7686 0.21

30-Jun-17 10.9728 0.21

Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Quarterly Dividend29-Dec-17 11.0937 0.21

27-Sep-17 11.1347 0.21

30-Jun-17 11.2964 0.21

Baroda Pioneer Credit Opportunities Fund - Plan A - Monthly Dividend25-Jan-18 10.7795 0.07

27-Dec-17 10.7977 0.07

27-Nov-17 10.8517 0.07

Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Monthly Dividend25-Jan-18 11.2492 0.07

27-Dec-17 11.2549 0.07

27-Nov-17 11.2987 0.07

Record Date Ex-Dividend NAV (Rs) Per Unit$ (Rs)

Baroda Pioneer Dynamic Bond Fund - Plan A - Dividend27-Jun-16 12.1528 0.40

22-Mar-16 12.5843 0.70

25-Jun-13 10.0000 0.41

Baroda Pioneer Dynamic Bond Fund - Plan B - Direct - Dividend27-Jun-16 12.5981 0.40

22-Mar-16 13.0024 0.70

25-Jun-13 10.0000 0.43

Baroda Pioneer Gilt Fund - Plan A - Dividend24-Jun-16 19.4927 1.20

22-Mar-16 20.3147 1.20

21-Mar-14 16.4233 2.70

Baroda Pioneer Gilt Fund - Plan B - Direct - Dividend21-Mar-14 16.5462 2.70

Baroda Pioneer Liquid Fund - Plan A - Dividend04-Mar-05 1016.27 35.00

06-Jan-04 1004.32 95.00

13-May-02 1002.43 7.50

Baroda Pioneer Short Term Bond Fund - Plan A - Monthly Dividend25-Jan-18 10.0342 0.06

27-Nov-17 10.0323 0.05

27-Oct-17 10.0525 0.07

Baroda Pioneer Short Term Bond Fund - Plan B - Direct - Monthly Dividend25-Jan-18 10.0098 0.07

27-Nov-17 10.0071 0.06

27-Oct-17 10.0295 0.07

Baroda Pioneer Short Term Bond Fund - Plan A - Quaterly Dividend29-Dec-17 10.1629 0.17

27-Sep-17 10.1685 0.17

Baroda Pioneer Short Term Bond Fund - Plan B - Direct - Quaterly Dividend29-Dec-17 10.1696 0.17

27-Sep-17 10.1926 0.17

Baroda Pioneer Treasury Advantage Fund Reg - Monthly Dividend25-Jan-18 1001.29 5.64

27-Dec-17 1001.46 5.55

27-Nov-17 1003.30 6.10

Baroda Pioneer Treasury Advantage Fund - Plan A - Monthly Dividend25-Jan-18 1001.29 5.64

27-Dec-17 1001.46 5.55

27-Nov-17 1003.30 6.10

Baroda Pioneer Treasury Advantage Fund - Plan B - Direct - Monthly Dividend25-Jan-18 1001.34 5.88

27-Dec-17 1001.48 5.79

27-Nov-17 1003.32 6.35

Baroda Pioneer Treasury Advantage Fund Reg - Quarterly Dividend27-Jun-14 1006.66 23.38

21-Mar-14 1011.22 7.79

24-Jun-16 1036.72 14.45

Baroda Pioneer Treasury Advantage Fund - Plan A - Quarterly Dividend29-Dec-17 1029.32 17.00

27-Sep-17 1030.50 17.00

30-Jun-17 1045.97 17.00

Baroda Pioneer Treasury Advantage Fund - Plan B - Direct - Quarterly Dividend29-Dec-17 1036.95 17.00

27-Sep-17 1037.23 17.00

30-Jun-17 1051.84 17.00

Baroda Pioneer Income Fund - Plan A - Dividend24-Jun-16 22.1257 1.40

22-Mar-16 23.1386 1.40

Baroda Pioneer Income Fund - Plan B - Direct - Dividend24-Jun-16 22.1642 1.40

22-Mar-16 23.1530 1.40

Dividend History

23

$ Face value is Rs. 10/- in all schemes other than Baroda Pioneer Liquid Fund and Baroda Pioneer Treasury Advantage Fund where the face value is Rs. 1,000/- per unit.

* Monthly income is not assured and is subject to the availability of distributable surplus.# Pursuant to payment of dividend, the NAVs of the schemes would fall to the extent of payout and statutory levy (if applicable).

31st January, 2018

BARODA PIONEER MUTUAL FUND24

karvy Computershare Private LimitedAddress and Contact detailsMFS Branches

• Bangalore [email protected] 080-26600785 • Belgaum [email protected] 0831 2402544 • Bellary [email protected] 08392 – 254750 • Davangere [email protected] 0819-2258714 • Dharwad [email protected] 0836- 2744207• Gulbarga [email protected] 0847-2310040 • Hassan [email protected] 08172 262065 • Hubli [email protected] 0836-2252444 • Mangalore [email protected] 0824-2496289 • Margoa [email protected] 0832-2731823 • Mysore [email protected] 0821-2438006 • Panjim [email protected] 0832-2426873 • Shimoga [email protected] 08182-228799 • Ahmedabad [email protected] 079-65445550 • Anand [email protected] 9662020623 • Ankleshwar [email protected] 02646 645326 • Baroda [email protected] 0265-6640870 • Bharuch [email protected] 02642-225022 • Bhavnagar [email protected] 278-3003149 • Gandhidham [email protected] 02836 651296 • Gandhinagar [email protected] 079-23244955 • Jamnagar [email protected] 0288-2558887 • Junagadh [email protected] 0285-2652220 • Mehsana [email protected] 02762-242950 • Nadiad [email protected] 0268-2563245 • Navsari [email protected] 02637-280367 • Rajkot [email protected] 2816545888 • Surat [email protected] 0261-3042170 • Valsad [email protected] 02632-258481 • Vapi [email protected] 9228012909 • Chennai [email protected] 044-42028512 • Alleppy [email protected] 0477 2263055 • Calicut [email protected] 0495-4022480 • Cochin [email protected] 0484 3000232 • Kannur [email protected] 0497-2764190 • Kollam [email protected] 0474-2747055 • Kottayam [email protected] 0481-2300868 • Malappuram [email protected] 0483-2731480 • Palghat [email protected] 491 6061110 • Thodupuzha [email protected] 0486-2211209 • Tiruvalla [email protected] 0469-3205676 • Trichur [email protected] 0487-3246231 • Trivandrum [email protected] 0471-2725728 • Coimbatore [email protected] 0422 - 4388011 • Dindigul [email protected] 0451- 6451043 • Erode [email protected] 0424-4021212 • Karaikudi [email protected] 04565-237192 • Karur [email protected] 04324-241755 • Madurai [email protected] 0452-2605856 • Nagerkoil [email protected] 04652 - 233552 • Namakkal [email protected] 04286- 23480 • Pollachi [email protected] 04259- 235111 • Pondicherry [email protected] 0413 2220640 • Pudukottai [email protected] 04322 - 220050 • Rajapalayam [email protected] 04563 - 232952 • Salem [email protected] 0427-4020300 • Sivakasi [email protected] 04562 228816 • Thanjavur [email protected] 04362-275415 • Tirunelveli [email protected] 0462 2335137 • Tirupur [email protected] 0421-2214221 • Trichy [email protected] 0431-4020227 • Tuticorin [email protected] 0461-2334603 • Vellore [email protected] 0416 2215007 • Agartala [email protected] 0381-2317519 • Guwahati [email protected] 8811036746 • Shillong [email protected] 0364 2506106 • Silchar [email protected] 03842 261714 • Ananthapur [email protected] 08554-244449 • Eluru [email protected] 08812-227851 • Guntur [email protected] 0863-2339094 •Hyderabad [email protected] 040-44677075/ 44677076/44677077/44677348 • Karimnagar [email protected] 0878-2261779 • Kurnool [email protected] 08158-228550 • Nanded [email protected] 02462-237885 • Nellore [email protected] 0861-2349940 • Nizamabad [email protected] 08462-224366 • Proddatur [email protected] 08564 - 242898 • Rajahmundry [email protected] 0883-2434468 • Solapur [email protected] 0217-2300021 • Srikakulam [email protected] 08942-225384 • Tirupathi [email protected] 0877-6544567 • Vijayanagaram [email protected] 08922-236962 • Vijayawada [email protected] 0866-2475126 • Visakhapatnam [email protected] 0891-2714125 • Warangal [email protected] 0870-2501664 • Akola [email protected] 0724-2451874 • Amaravathi [email protected] 0721-3291081 • Aurangabad [email protected] 0240-2343414 • Betul [email protected] 07141 - 231301 • Bhopal [email protected] 0755-4092712 • Chandrapur [email protected] 07172-270262 • Dewas [email protected] 07272-426010 • Dhule [email protected] 02562-282823 • Indore [email protected] 0731-4266828 • Jabalpur [email protected] 0761-3204376 • Jalgaon [email protected] 0257-2226761 • Nagpur [email protected] 0712-2533040 • Nasik nasikmfs@karvy.

31st January, 2018


com 0253-6611395 • Ratlam [email protected] 07412-402007 • Sagar [email protected] 07582-402404 • Ujjain [email protected] 0734-4250007 • Asansol [email protected] 0341-3266507 • Balasore [email protected] 06782-260503 • Bankura [email protected] 03242-255964 • Barhampore (Wb) [email protected] 03482 274494 • Berhampur (Or) [email protected] 0680-2228106 • Bhilai [email protected] 0788-2295999 • Bhubaneswar [email protected] 0674-6534585 • Bilaspur [email protected] 07752-408436• Bokaro [email protected] 9204061959 • Burdwan [email protected] 0342-2665140 • Chinsura [email protected] 033-26810164 • Cuttack [email protected] 0-9238102118 • Dhanbad [email protected] 0326-6452027, 0326- 2301045 • Durgapur [email protected] 0343-6512111 • Gaya [email protected] 0631-2220065 • Jalpaiguri [email protected] 03561-222136 • Jamshedpur [email protected] 0657-6655000 • Kharagpur [email protected] 03222-253380 • Kolkata [email protected] ; [email protected] 033-40611135/ 36; 033-24659263/9267, 24635432, 24669450, 24196462 • Malda [email protected] 03512-223763 • Patna [email protected] 0612-6453098 • Raipur [email protected] 0771-4052620 • Ranchi [email protected] 0651-2331320 • Rourkela [email protected] 0661-2500005 • Sambalpur [email protected] 0663-2522105 • Siliguri [email protected] 0353-2526393, 0353-2522579 • Agra [email protected] 9369918603 • Aligarh [email protected] 9369918604 • Allahabad [email protected] 9369918605 • Ambala [email protected] 9315017301 • Azamgarh [email protected] 9307910001 • Bareilly [email protected] 9369918607 • Begusarai [email protected] 9308793949 • Bhagalpur [email protected] 9386256100 • Darbhanga [email protected] 06272-220145 • Dehradun [email protected] 9369918608 • Deoria [email protected] 7499496134 • Faridabad [email protected] 9310448851 • Ghaziabad [email protected] 9310448804 • Ghazipur [email protected] 7499496131 •Gonda [email protected] 7499496127 • Gorakhpur [email protected] 9369918610 • Gurgaon [email protected] 9310448806 • Gwalior [email protected] 9300004262 • Haldwani [email protected] 9369918611 • Haridwar [email protected] 9369918612 • Hissar [email protected] 9315017303 • Jaunpur [email protected] 9369918613 • Jhansi [email protected] 9369918614 • Kanpur [email protected] 9369918615/6 • Korba [email protected] 9300155683 • Lucknow [email protected] 9369918600 • Mandi [email protected] 9318873501• Mathura [email protected] 9369918618 • Meerut [email protected] 9369918619 •Mirzapur [email protected] 7499496133 • Moradabad [email protected] 9369918620 •Morena [email protected] 7489361265 • [email protected] 9386256101 •Noida [email protected] 9310448805 • Panipat [email protected] 9315017304 • Renukoot [email protected] 7499495854 • Rewa [email protected] 7489755878 • Rohtak [email protected] 9315017305 • Roorkee [email protected] 9369918621 • Saharanpur [email protected] 9369918622 • Satna [email protected] 9300004263 • Shaktinagar [email protected] 7499496129 • Shimla [email protected] 9318644501 • Shivpuri [email protected] 9303028921 • Sitapur [email protected] 9369918623 • Solan [email protected] 9318991871 • Sonepat [email protected] 9315457164 • Sultanpur [email protected] 9369918624 • Varanasi [email protected] 9369918626 • Yamuna Nagar [email protected] 9315017306 • Kolhapur [email protected] 0231 2653656 • Mumbai [email protected] 022-66235353 • Pune [email protected] 020-25533795 • Ajmer [email protected] 0145-5120725 • Alwar [email protected] 0144-3291200 • Amritsar [email protected] 0183-5053802 •Bhatinda [email protected] 0164-5006725 • Bhilwara [email protected] 01482-246362 •Bikaner [email protected] 0151-2200014 •Chandigarh [email protected] 0172-5101342 •Ferozpur [email protected] 01632-241814 •Hoshiarpur [email protected] 01882-500143 •Jaipur [email protected] 0141-4167714 • Jalandhar [email protected] 0181-5094410 • Jammu [email protected] 0191-2458820 • Jodhpur [email protected] 0291-6454590 • Karnal [email protected] 0184-2252524 •Kota [email protected] 0744-5100964 • Ludhiana [email protected] 0161-4648747 • Moga [email protected] 01636-230792 • New Delhi [email protected] 011-43681700 • Pathankot [email protected] 0186-5080188 • Patiala [email protected] 0175-5004349 • Sikar [email protected] 01572-250398 • Sri Ganganagar [email protected] 0154-2470177 • Udaipur [email protected] 0294-2429370 • Chembur 022-662215536 • Vashi 022-27802684 • Borivali 022- 28916319

25

31st January, 2018


Contact Points:Toll Free Number: 1-800-267 0189 | Email: [email protected] | Website:www.barodapioneer.inRegistered OfficeBaroda Pioneer Asset Management Company Ltd.CIN : U65991MH1992PLC069414501 Titanium, 5th Floor, Western Express Highway, Goregaon (E), Mumbai - 400063.Phone: +91 22 3074 1000 / 4219 7999. Fax: +91 22 3074 1001.Branch OfficeBaroda Pioneer Asset Management Company Ltd.Flat No. 103 & 104, First Floor,Prakash Deep Building, 7 Tolstoy Marg, New Delhi - 110001. Phone: 011-43514662Branch OfficeBaroda Pioneer Asset Management Company Ltd. HP Complex, Flat No.12, 3rd Floor, Door No. 124/1,2&3 New No. 14, G N Chetty Road,T.Nagar, Chennai - 600017 Phone: 044 - 2834 3530, Fax: 044 - 2834 3539Mutual fund investments are subject to market risks,read all scheme related documents carefully.

• Thane 022 25428475 • Agartala [email protected] 0381-2317519 • Amaravathi [email protected] 0721-3291081 • Anand [email protected] 9662020623 • Bangalore [email protected] 080-26600785 • Berhampur (Or) [email protected] 0680-2228106 • Bhavnagar [email protected] 0278-3004116 • Bhubaneswar [email protected] 0674-6534585 • Chandigarh [email protected] 0172-5042279 • Dhule [email protected] 02562-282823 • Ferozepur [email protected] 01632-241814 • Gwalior [email protected] 9300004262 • Hubli [email protected] 0836-2252444 • Hyderabad [email protected] 040-44677075/ 44677076/44677077/44677348 • Indore [email protected] 0731-4266828 • Jalgaon [email protected] 0257-2226761 • Jalpaiguri [email protected] 03561-222136 • Jamshedpur [email protected] 0657-6655000 • Kollam [email protected] 0474-2747055 • Mirzapur [email protected] 7499496133 • Moga [email protected] 01636-230792 • Nellore [email protected] 0861-2349940 • Noida [email protected] 9310448805 • Panipat [email protected] 9315017304 • F C Road, Pune [email protected] 020-25533795 • Rajapalayam [email protected] 04563 - 232952 • Shimoga [email protected] 08182-228799 • Solapur [email protected] 0217-2300021 • Tirupathi [email protected] 0877-6544567 • Visakhapatnam [email protected] 0891-2714125

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