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Baroda Pioneer Growth FundAn Open Ended Equity Scheme

Invest Now In

* Investors should consult their financial advisers if in doubt about

whether the product is suitable for them.

Capital appreciation over long term

Investment predominantly in equity and equity related instruments.

This product is suitable for investors who are seeking*

Investors understand that their principalwill be at Moderately High risk

Factsheetas on May 2017

Mutual Fund investments are subject to market risks,read all scheme related documents carefully.

31st May, 2017

BARODA PIONEER MUTUAL FUND

Dear Investors,

Warm Greetings!

Broader markets rallied registering a new high during the month. Markets rallied by another 4% during the month of May, with year to day gains at 17%. FPIs reversed flows with net buying of USD 1.35bn in equities while mutual funds continued to be buyers with investment of USD 1.37bn during the month.

Key events, were announcement of GST rates by the GST council, satisfactory 4Q results and release of revised Index of Industrial Production (IIP) numbers. GST is to be rolled out from 1st July 2017. Government has announced GST rates for most of the goods and services. Most services have been placed at 18% rates and GST on most goods are in the range of 12-28%. These are largely on expected lines.

The Central Statistics Office (CSO) revised the base year for computing the IIP to 2011-2012 from 2004-2005 previously. Key changes in the new series is a higher weightage for manufacturing (77.6% vs 75.5%) and reduction in weight of Electricity. Weight for mining remains the same. As per data released, IIP rose to 5% in the financial year and 2.7% in March (1.9% for February). Under the old series with a 2004-2005 base year, IIP rose by a mere 0.7% in the full year and 2.5% in March.

CPI inflation dropped to 2.9% (3.9% last month) on the back of drop in both food and core inflation. Food inflation declined to 1.2% in April (2.5% in March) on the back of continuing drop in pulses prices, decline in cereals prices and also some base effects. Food inflation had averaged at more than 7% in Q1 FY 2017 after which it started to decline with absolute drops in pulses and vegetable prices. Pulses prices witnessed a drop of 2.2% month on month in April, leading to a -16% YoY number for the month. Food prices are likely to stay muted till the base effect reverses and pulses prices are normalised. Expected normal monsoons may also mute the rise.

The Indian Meteorological Department (IMD) announced an early onset of monsoon this year. IMD last month had forecasted a normal monsoon with forecast pegged at 96% of long period average.

Inflation fell to 2.99% YoY in April as against market expectation of 3.3%. Food inflation softened to 1.2% YoY in April from the prior reading of 2.54% YoY mainly due to lower pulses and vegetable prices. Core inflation also softened due to softening of transportation and communication. Overall the inflationary pressure has receded and it may remain benign in next two months. Given the expectation, inflation is expected to significantly undershoot RBI’s first half inflation expectation of 4.5% YoY. In the second half inflation may move up sharply due to base effect and better growth prospect. In the next policy, RBI may tone down its hawkishness stance but unlikely to cut rates. RBI may be on a long pause however any future rate action depends on growth inflation dynamics. The rates may trade on softening bias in next two to three months on benign inflation readings.

Markets have rallied over the last two months. 4Q results seasons were largely satisfactory and with a normal monsoon, the buoyancy may continue. Key to watch would be GST implementation and how quick companies are able to adjust to the new taxation regime. We do anticipate some short term disruption in trade. This may impact the earnings for couple of quarters. With underlying demand being intact, we expect this to be transient. Structural growth story for India continues to be resilient and supported by strong liquidity-both domestically and from FII. We remain constructive on equities.

Happy Investing!

Sanjay Chawla

Chief Investment Officer

Source : Bloomberg, Economic Times

CIO Letter

2

Mr. Sanjay ChawlaChief Investment Officer

31st May, 2017


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 May, 2017


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 May, 2017


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 3.95%

Maruti Suzuki India Ltd. Auto 3.94%

Axis Bank Ltd. Banks 3.51%

HCL Technologies Ltd. Software 3.45%

RBL Bank Ltd. Banks 3.05%

Yes Bank Ltd. Banks 3.01%

The Federal Bank Ltd. Banks 2.90%

Petronet LNG Ltd. Gas 2.77%

State Bank of India Banks 2.72%

ITC Ltd.Consumer Non Durables

2.72%

GAIL (India) Ltd. Gas 2.52%

Mahindra & Mahindra Financial Services Ltd.

Finance 2.45%

Tata Motors Ltd. Auto 2.42%

Mahindra & Mahindra Ltd.

Auto 2.38%

Bank of Baroda Banks 2.34%

Indian Oil Corporation Ltd.

Petroleum Products

2.25%

Britannia Industries Ltd.Consumer Non Durables

2.23%

Sun TV Network Ltd.Media & Entertainment

2.09%

Motherson Sumi Systems Ltd.

Auto Ancillaries 2.08%

Engineers India Ltd.Construction Project

2.08%

ICICI Bank Ltd. Banks 2.06%

Union Bank of India Banks 2.02%

The Ramco Cements Ltd. Cement 1.98%

Hindalco Industries Ltd.Non - Ferrous Metals

1.90%

Blue Star Ltd.Consumer Durables

1.89%

Bharat Forge Ltd.Industrial Products

1.84%

Shriram City Union Finance Ltd.

Finance 1.82%

Tech Mahindra Ltd. Software 1.80%

LIC Housing Finance Ltd. Finance 1.77%

Pidilite Industries Ltd. Chemicals 1.70%

Kansai Nerolac Paints Ltd.

Consumer Non Durables

1.70%

Larsen & Toubro Ltd.Construction Project

1.66%

Infosys Ltd. Software 1.64%

NBCC (India) Ltd. Construction 1.64%

Whirlpool of India Ltd.Consumer Durables

1.60%

Mangalore Refinery and Petrochemicals Ltd.

Petroleum Products

1.51%

Vedanta Ltd.Non - Ferrous Metals

1.50%

Sadbhav Engineering Ltd.Construction Project

1.45%

PORTFOLIO


% to Net Assets

Apollo Tyres Ltd. Auto Ancillaries 1.44%

Indraprastha Gas Ltd. Gas 1.35%

IndusInd Bank Ltd. Banks 1.24%

DCB Bank Ltd. Banks 1.20%

Max Financial Services Ltd.

Finance 1.16%

Astral Poly Technik Ltd.Industrial Products

1.08%

Cummins India Ltd.Industrial Products

0.99%

Eicher Motors Ltd. Auto 0.90%

Capital First Ltd. Finance 0.88%

Sun Pharmaceutical Industries Ltd.

Pharmaceuticals 0.79%

Total 97.37%

CBLO / Reverse Repo Investments 4.10%

Total 4.10%

Cash & Cash Equivalents

Net Receivable/Payable -1.47%

Total -1.47%

Grand Total 100.00%

INDUSTRIES/RATINGS

28.00%9.64%

8.08%6.89%6.65%6.64%

5.19%3.91%3.76%3.52%3.49%3.40%

2.63%2.09%1.98%1.70%1.64%

0.79%

BanksAuto

FinanceSoftware

Consumer Non DurablesGas

Construction ProjectIndustrial Products

Petroleum ProductsAuto Ancillaries

Consumer DurablesNon - Ferrous Metals

Cash & EquivalentMedia & Entertainment

CementChemicals

ConstructionPharmaceuticals

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 25 yrs) Mr. Dipak Acharya (Experience 12 yrs)

Benchmark S&P BSE 200*

Monthly Average AUM (`)

468.61 Crs

Month end AUM (`) 475.62 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, Nil if redeemed after 365 days from the dateof allotment of units

PlansOption

Plan A and Plan B (Direct)A. Growth Option (default option in case no option specified by investor);B. Dividend Option1. Payout2. ReinvestmentC. Bonus Option$

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

RISk PROFILE 31 MAY 2017Standard deviation 14.78%Sharpe@ 0.54Beta 0.98Portfolio Turnover (last 12 months) 1.77

NAV AS ON 31 MAY 2017NAV (Per Unit) `Plan AGrowth 92.9400Dividend 35.5200Plan B - DirectGrowth 96.5700Dividend 35.0200

TOTAL EXPENSE RATIOPlan A 2.72%Plan B (Direct) 1.64%

$ 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) 6.25% & Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

An Open Ended Growth Scheme

5

31st May, 2017


PORTFOLIO


% to Net Assets










Shriram City Union Finance Ltd.

Finance 2.74%


Carborundum Universal Ltd.

Industrial Products 2.67%


2.61%



Finance 2.44%

Cholamandalam Investment and Finance Company Ltd.

Finance 2.42%

AIA Engineering Ltd. Industrial Products 2.31%


2.31%



Mcleod Russel India Ltd.Consumer Non Durables

2.26%


Indian Oil Corporation Ltd.

Petroleum Products

2.25%

Mahindra & Mahindra Ltd.

Auto 2.22%

Canara Bank Banks 2.20%


2.09%


2.07%

Motherson Sumi Systems Ltd.

Auto Ancillaries 1.94%


Kansai Nerolac Paints Ltd.


1.90%


Max Financial Services Ltd.

Finance 1.83%




The Ramco Cements Ltd.

Cement 1.51%

Britannia Industries Ltd.Consumer Non Durables

1.48%


1.47%


1.38%

Radico Khaitan Ltd.Consumer Non Durables

1.25%

PORTFOLIO


% to Net Assets


1.23%


Oriental Bank of Commerce

Banks 1.09%


1.00%


Symphony Ltd.Consumer Durables

0.82%

Sadbhav Engineering Ltd.

Construction Project

0.82%

Capital First Ltd. Finance 0.80%

Sun Pharmaceutical Industries Ltd.


Total 94.95%


Total 5.76%



Total -0.71%

Grand Total 100.00%

INDUSTRIES/RATINGS


Cash & EquivalentSoftware

Industrial ProductsAuto Ancillaries

Construction ProjectConsumer Durables

Non - Ferrous MetalsConstruction

Petroleum ProductsMedia & Entertainment

Chemicals

Pharmaceuticals

21.94%11.38%

9.50%8.69%

6.80%5.05%5.00%4.98%4.93%4.27%

3.52%3.31%

2.45%2.25%2.09%1.81%1.51%

0.52%

BanksFinance

AutoGas

Cement

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

25 yrs) Mr. Dipak Acharya (Experience 12 yrs)

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

94.87 Crs

Month end AUM (`) 95.58 Crs Minimum Investment ` 500/- & in multiples of ` 1/-

thereafterEntry Load NilExit Load NilPlans

Option

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



NAV AS ON 31 MAY 2017NAV (Per Unit) `Plan ADividend 31.1600Bonus 43.1800Growth 43.1800Plan B - DirectDividend 36.2800Bonus 45.5300Growth 45.5300


$ 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) 6.25%& Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

An Open Ended Tax Benefit - Cum - Growth Scheme

6

31st May, 2017


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 25 yrs) Mr. Dipak Acharya (Experience 12 yrs)

Benchmark S&P BSE Mid-cap index*Monthly Average AUM (`) 33.15 Crs


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

Entry Load NA

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

Plans

Option

Plan A and Plan B (Direct)

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



PTC India Ltd. Power 4.34%


Essel Propack Ltd.Industrial Products

3.53%

AIA Engineering Ltd.Industrial Products

3.40%


Finance 3.31%



3.25%


Symphony Ltd.Consumer Durables

3.23%

Gulf Oil Lubricants India Ltd.Petroleum Products

3.19%


Finance 3.16%


3.07%


Astral Poly Technik Ltd.Industrial Products

2.80%

Carborundum Universal Ltd.Industrial Products

2.77%

Crompton Greaves Consumer Electricals Ltd.

Consumer Durables

2.74%

Dhanuka Agritech Ltd. Pesticides 2.69%

V.S.T Tillers Tractors Ltd. Auto 2.32%

Coffee Day Enterprises Ltd.Consumer Non Durables

2.28%

BEML Ltd.Industrial Capital Goods

2.26%

Max Financial Services Ltd. Finance 2.24%

Shriram City Union Finance Ltd. Finance 2.20%


2.19%

JK Cement Ltd. Cement 2.16%

Tube Investments of India Ltd. Auto Ancillaries 2.13%


2.12%

Mangalore Refinery and Petrochemicals Ltd.

Petroleum Products

2.02%


Schneider Electric Infrastructure Ltd.

Industrial Capital Goods

1.86%

Balkrishna Industries Ltd. Auto Ancillaries 1.59%

Igarashi Motors India Ltd. Auto Ancillaries 1.58%


1.47%

NRB Bearings Ltd.Industrial Products

1.45%

Oriental Bank of Commerce Banks 1.38%

Karnataka Bank Ltd. Banks 1.32%

TVS Srichakra Ltd. Auto Ancillaries 1.25%

DCB Bank Ltd. Banks 1.18%

The Ramco Cements Ltd. Cement 1.11%

Total 92.66%

PORTFOLIO


% to Net

Assets


Total 7.46%



Total -0.12%

Grand Total 100.00%

INDUSTRIES/RATINGS


13.95%12.04%

11.34%10.91%

7.34%6.82%6.55%

5.21%4.34%4.12%

3.60%3.31%3.27%

2.69%2.32%2.19%

Industrial ProductsBanks

Consumer DurablesFinance

Cash & Equivalent

Auto AncillariesPetroleum Products

PowerIndustrial Capital Goods

ConstructionGas

CementPesticides

AutoConstruction Project

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) 6.25%

7

RISk PROFILE 31 MAY 2017

Standard deviation 18.28%Sharpe@ -0.32 Beta 0.97Portfolio Turnover (last 12 months) 2.53

NAV AS ON 31 MAY 2017

NAV (Per Unit) `Plan AGrowth 8.5700Dividend 8.5700Plan B - DirectGrowth 8.8500Dividend 8.8500

TOTAL EXPENSE RATIO

Plan A 2.97%Plan B (Direct) 2.26%

31st May, 2017


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 25 yrs)

Mr. Dipak Acharya (Experience 12 yrs)

Benchmark Nifty 100 (For disclaimer refer pg 22)Monthly Average AUM (`) 25.04 CrsMonth end AUM (`) 25.54 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

Plans

Option




PORTFOLIO


% to Net

Assets






5.50%



Indian Oil Corporation Ltd. Petroleum Products 4.61%




3.66%


3.53%



Adani Ports and Special Economic Zone Ltd.

Transportation 3.31%



Siemens Ltd.Industrial Capital Goods

2.67%


Hindustan Unilever Ltd.Consumer Non Durables

2.29%


Mahindra & Mahindra Ltd. Auto 2.21%

Zee Entertainment Enterprises Ltd.

Media & Entertainment

2.21%

Colgate Palmolive (India) Ltd.


2.18%

Power Grid Corporation of India Ltd.

Power 2.03%

Nestle India Ltd.Consumer Non Durables

1.95%

Cummins India Ltd. Industrial Products 1.84%

Kotak Mahindra Bank Ltd. Banks 1.70%

Tata Power Company Ltd. Power 1.58%

Infosys Ltd. Software 1.53%


1.40%

PNB Housing Finance Ltd. Finance 1.36%

Rural Electrification Corporation Ltd.

Finance 1.13%


Finance 1.12%

Cipla Ltd. Pharmaceuticals 1.01%

Total 96.65%


Total 4.81%



Total -1.46%

Grand Total 100.00%

INDUSTRIES/RATINGS

26.92%14.01%

10.08%7.81%

5.50%4.93%4.61%4.53%

3.61%3.61%3.35%3.31%2.67%2.21%1.84%

1.01%

BanksAuto

Consumer Non DurablesSoftware

Construction ProjectNon - Ferrous Metals

Petroleum ProductsGas

FinancePower

Cash & EquivalentTransportation

Industrial Capital GoodsMedia & Entertainment

Industrial ProductsPharmaceuticals

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@risk free rate (FBIL Overnight MIBOR) 6.25%

8

RISk PROFILE 31 MAY 2017

Standard deviation 17.27%

Sharpe@ 0.14

Beta 1.05

Portfolio Turnover (last 12 months) 2.61


NAV (Per Unit) `

Plan AGrowth 13.3500

Dividend 12.2900

Plan B - DirectGrowth 13.7200

Dividend 12.6600

TOTAL EXPENSE RATIO

Plan A 3.00%

Plan B (Direct) 2.16%

31st May, 2017


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 12 yrs)

Benchmark Nifty Bank Index*

Monthly Average AUM (`) 42.17 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

Plans

Option




RISk PROFILE 31 MAY 2017Standard deviation 18.92%Sharpe@ 0.43 Beta 0.92Portfolio Turnover (last 12 months) 2.08

NAV AS ON 31 MAY 2017NAV (Per Unit) `Plan AGrowth 19.8800Dividend 16.9000Bonus 19.8800Plan B - DirectGrowth 20.6100Dividend 17.5800Bonus NA


PORTFOLIO


% to Net Assets







Kotak Mahindra Bank Ltd. Banks 8.05%


IndusInd Bank Ltd. Banks 6.17%




Finance 3.42%






Finance 1.84%


Finance 1.84%

Bank of India Banks 1.68%


Banks 1.42%

Karnataka Bank Ltd. Banks 1.23%

Credit Analysis and Research Ltd.

Finance 1.02%

Total 97.74%


Total 3.60%



Total -1.34%

Grand Total 100.00%

INDUSTRIES/RATINGS

87.00%

10.74%

2.26%

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) 6.25%

9

31st May, 2017


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


Fund Manager# Mr. Sanjay Chawla& (Experience 25 yrs) Mr. Dipak Acharya (Experience 12 yrs)

Benchmark CRISIL Balanced Fund Aggressive index(effective April 4, 2016)

Monthly Average AUM (`) 273.46 CrsMonth end AUM (`) 280.01 Crs


Entry Load NA

Exit Load 1% if redeemed on or before 365 days from the date ofallotment, Nil if redeemed after 365 days from the dateof allotment of units

Plans

Option





NAV AS ON 31 MAY 2017NAV (Per Unit) `Plan AGrowth 51.7400Dividend 18.4300Bonus NAPlan B - DirectGrowth 54.2800Dividend 19.7900


$ 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) 6.25% & Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

PORTFOLIO


% to Net

Assets



HDFC Bank Ltd. Banks 3.34%Maruti Suzuki India Ltd. Auto 3.23%Axis Bank Ltd. Banks 3.22%Yes Bank Ltd. Banks 2.56%


2.51%

GAIL (India) Ltd. Gas 2.44%Mahindra & Mahindra Financial Services Ltd.

Finance 2.12%


2.00%

Carborundum Universal Ltd. Industrial Products 1.99%Petronet LNG Ltd. Gas 1.97%


1.96%


Bharat Forge Ltd. Industrial Products 1.88%

KEC International Ltd.Construction Project

1.86%


Finance 1.84%

AIA Engineering Ltd. Industrial Products 1.69%


1.68%

Union Bank of India Banks 1.67%Canara Bank Banks 1.57%


1.56%


Indian Oil Corporation Ltd.Petroleum Products

1.54%

The Federal Bank Ltd. Banks 1.47%HCL Technologies Ltd. Software 1.47%


1.44%

Apollo Tyres Ltd. Auto Ancillaries 1.43%State Bank of India Banks 1.34%Eicher Motors Ltd. Auto 1.27%

Interglobe Aviation Ltd. Transportation 1.23%



1.07%

LIC Housing Finance Ltd. Finance 1.05%The Ramco Cements Ltd. Cement 1.04%

Kansai Nerolac Paints Ltd.Consumer Non Durables

1.01%

Shriram City Union Finance Ltd. Finance 0.99%


0.98%



Max Financial Services Ltd. Finance 0.94%



0.81%


Motherson Sumi Systems Ltd. Auto Ancillaries 0.76%



0.67%

Oriental Bank of Commerce Banks 0.67%Sun Pharmaceutical Industries Ltd.


IPCA Laboratories Ltd. Pharmaceuticals 0.28%

Total 71.87%

MONEY MARkET INSTRUMENT

Certificate of Deposit**

Oriental Bank of Commerce CRISIL A1+ 4.29%

Total 4.29%

PORTFOLIO


% to Net

Assets

CENTRAL GOVERNMENT SECURITIES

7.61% CGL 2030 Sovereign 1.87%7.88% CGL 2030 Sovereign 0.68%8.24% CGL 2027 Sovereign 0.50%8.83% CGL 2023 Sovereign 0.20%8.60% CGL 2028 Sovereign 0.04%8.28% CGL 2027 Sovereign 0.04%

Total 3.33%

STATE GOVERNMENT SECURITIES

9.72% SDL 2023 Sovereign 1.19%

Total 1.19%

BONDS & NCDs


ICICI Bank Ltd. [ICRA]AA+ 5.42%IndusInd Bank Ltd. CRISIL AA 5.41%Vijaya Bank [ICRA]AA- 1.81%Dewan Housing Finance Corporation Ltd.

BWR AAA 0.72%


CRISIL AAA 0.32%

Total 13.68%


Total 5.53%


Net Receivable/Payable 0.11%

Total 0.11%

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.

INDUSTRIES/RATINGS

17.54%7.19%6.94%6.55%

5.64%5.56%5.42%5.41%5.37%

4.52%4.40%4.29%

2.35%2.25%2.24%2.19%2.00%1.92%1.81%1.54%1.23%1.04%0.83%0.73%0.72%0.32%

BanksAuto

FinanceConsumer Non Durables

Cash & EquivalentIndustrial Products

[ICRA]AA+CRISIL AA

GasSovereign

Construction ProjectCRISIL A1+

Consumer DurablesNon - Ferrous Metals

SoftwareAuto Ancillaries

Media & EntertainmentConstruction

[ICRA]AA-Petroleum Products

TransportationCement

ChemicalsPharmaceuticals

BWR AAACRISIL AAA

An Open Ended Balanced Scheme

10

31st May, 2017


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.


Fund Manager Ms. Hetal Shah#

(Experience 12 yrs)

Benchmark CRISIL MIP Blended Index




Entry Load NA

Exit Load NIL

Plans Plan A and Plan B (Direct)

Options • Growth• Monthly Dividend 1. Payout 2. Reinvestment • Quarterly Dividend 1. Payout 2. Reinvestment • Bonus Option$



NAV (Per Unit) `Plan AGrowth 21.4227Dividend - Monthly 13.5582Dividend - Quarterly 13.3273Plan B - Direct

Growth 22.2213Dividend - Monthly 13.8437Dividend - Quarterly 13.6430

PORTFOLIO CHARACTERISTIC

Average Maturity (Days) 3512.09Modified Duration (Years) 6.23Portfolio Yield (%) 7.60

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

PORTFOLIO


% to Net

Assets

EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesLIC Housing Finance Ltd. Finance 0.84%



Tata Steel Ltd. Ferrous Metals 0.58%


Coffee Day Enterprises Ltd.Consumer Non Durables

0.56%


Carborundum Universal Ltd.Industrial Products

0.55%







0.46%

Nestle India Ltd.Consumer Non Durables

0.46%

NBCC (India) Ltd. Construction 0.45%Rural Electrification Corporation Ltd.

Finance 0.44%

Hindustan Unilever Ltd.Consumer Non Durables

0.44%


0.44%


0.43%


0.40%


Indian Oil Corporation Ltd.Petroleum Products

0.39%


Kansai Nerolac Paints Ltd.Consumer Non Durables

0.37%



0.36%

Tech Mahindra Ltd. Software 0.36%Cholamandalam Investment and Finance Company Ltd.

Finance 0.35%

AIA Engineering Ltd.Industrial Products

0.34%





0.30%

BEML Ltd.Industrial Capital Goods

0.28%


Finance 0.25%

IPCA Laboratories Ltd. Pharmaceuticals 0.22%


Total 16.57%


8.60% CGL 2028 Sovereign 15.07%

7.61% CGL 2030 Sovereign 14.33%

7.88% CGL 2030 Sovereign 12.03%

7.59% CGL 2026 Sovereign 4.75%



Total 50.98%

PORTFOLIO


% to Net

Assets

BONDS & NCDs


IndusInd Bank Ltd. CRISIL AA 4.60%

India Infoline Housing Finance Ltd.

[ICRA]AA 3.49%


CRISIL AAA 2.89%

IIFL Facilities Services Ltd. [ICRA]AA 2.83%

IDBI Bank Ltd. CRISIL BBB+ 2.52%

Total 16.33%


Total 15.60%



Total 0.52%

Grand Total 100.00%

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

RATING PROFILE

50.98%16.12%

6.32%4.60%4.10%2.89%2.56%2.52%1.88%1.34%1.31%0.90%0.89%0.58%0.55%0.45%0.40%0.39%0.36%0.36%0.28%0.22%

SovereignCash & Equivalent

[ICRA]AACRISIL AA

BanksCRISIL AAA

Consumer Non DurablesCRISIL BBB+

FinanceGas

AutoNon - Ferrous Metals

Industrial ProductsFerrous Metals

Auto AncillariesConstruction

Consumer DurablesPetroleum Products

Construction ProjectSoftware

Industrial Capital GoodsPharmaceuticals

INSTRUMENTS

50.98%16.57%

16.33%

15.60%

0.52% CENTRALGOVERNMENTSECURITIES

EQUITY & EQUITYRELATED

BONDS & NCDs

CBLO / Reverse RepoInvestments

Cash & 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 May, 2017


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 Scheme

Date of Allotment January 23, 2015

Fund Manager Mr. Alok Sahoo#

(Experience 13 yrs), Ms. Hetal Shah#

(Experience 12 yrs)

Benchmark CRISIL Short Term Bond Fund Index


576.94 Crs



Entry Load NA

Exit Load 1%, 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.


Options • Growth• Monthly Dividend 1.Payout 2.Reinvestment• Quarterly Dividend 1.Payout 2.Reinvestment• 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 managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

PORTFOLIO


% to Net

Assets


Commercial Paper**

Peninsula Land Ltd. [ICRA]A1 5.64%

Adani Enterprises Ltd. BWR A1+ 5.00%

Total 10.64%




Total 0.71%

BONDS & NCDsListed / awaiting listing on the stock exchanges

Dewan Housing Finance Corporation Ltd.

BWR AAA 6.56%

Aspire Home Finance Corporation Ltd.

[ICRA]AA- 6.55%

IIFL Facilities Services Ltd. [ICRA]AA 6.12%

Apollo Hospitals Enterprise Ltd. CRISIL AA 5.55%


Power Finance Corporation Ltd. CRISIL AAA 4.25%

Edelweiss Housing Finance Ltd. [ICRA]AA 4.25%

Piramal Enterprises Ltd. [ICRA]AA 4.24%

ICICI Bank Ltd. [ICRA]AA+ 4.22%

Indian Railway Finance Corporation Ltd.

CRISIL AAA 3.58%

Edelweiss Commodities Services Ltd.

CARE AA 3.56%


CRISIL AA 1.80%

HDFC Bank Ltd. CRISIL AA+ 1.68%

Janalakshmi Financial Services Ltd.

[ICRA]A+ 1.02%


Total 58.60%

UnlistedCyquator Media Services Private Ltd.

BWR A1+ (SO) 6.69%

Tanglin Developments Ltd. BWR A+ (SO) 4.26%

ARM Infra & Utilities Private Ltd. BWR A1+ (SO) 3.85%


[ICRA]A+ 3.13%

Total 17.93%

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

[ICRA]A1+mfs 3.51%

Total 3.51%

CBLO /Reverse Repo investments 6.68%

Total 6.68%



Total 1.93%

Grand Total 100.00%


RATING PROFILE

14.61%

12.40%

10.54%

8.61%

7.83%

6.56%

6.55%

5.64%

5.00%

4.26%

4.22%

4.15%

3.56%

3.51%

1.68%

0.71%

0.17%

[ICRA]AA

CRISIL AA

BWR A1+ (SO)

Cash & Equivalent

CRISIL AAA

BWR AAA

[ICRA]AA-

[ICRA]A1

BWR A1+

BWR A+ (SO)

[ICRA]AA+

[ICRA]A+

CARE AA

[ICRA]A1+mfs

CRISIL AA+

Sovereign

CRISIL BBB+

INSTRUMENTS

58.60%

17.93%

10.64%

6.68%3.51%

1.93%0.71% BONDS & NCDs

Unlisted

Commercial Paper


InvestmentFunds/Mutual Funds


CENTRALGOVERNMENT


NAV (Per Unit) `Plan ABonus NAGrowth 12.7187Dividend - Quarterly 10.8774Dividend - Monthly 10.8616Plan B - Direct

Bonus 13.0852Growth 13.0852Dividend - Quarterly 11.1870Dividend - Monthly 11.2247

An Open Ended Debt Scheme

12

31st May, 2017


Baroda Pioneer Gilt Fund


This product is suitable for investors who are seeking*• 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 Scheme

Date of Allotment March 21, 2002


(Experience 12 yrs)

Benchmark I SEC-MI BEX


46.63 Crs



Entry Load NA

Exit Load 0.25% if redeemed on or before 1 month (30 days) from the date of allotment. Nil if redeemed after 1 month (30 days) from the date of allotment


Options • Growth• Dividend 1 .Payout 2 .Reinvestment• Bonus Option$






TOTAL EXPENSE RATIO

Plan A 1.90%


PORTFOLIO


% to Net Assets


7.59% CGL 2029 Sovereign 17.23%

7.61% CGL 2030 Sovereign 13.43%

7.88% CGL 2030 Sovereign 10.05%







Total 67.17%



Total 5.85%


Total 26.03%



Total 0.95%

Grand Total 100.00%

RATING PROFILE

73.02%

26.98%

Sovereign

Cash & Equivalent

INSTRUMENTS

67.17%

26.03%

5.85% 0.95% CENTRALGOVERNMENTSECURITIES


STATE GOVERNMENTSECURITIES



An Open Ended Gilt Scheme

13

31st May, 2017


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 Scheme

Date of Allotment March 21, 2002


(Experience 12 yrs)

Benchmark CRISIL Composite Bond Fund Index


24.37 Crs



Entry Load NA

Exit Load 1% if redeemed on or before 365 days from the date of allotment. Nil if redeemed after 365 days from the date of allotment


Options • Growth• Dividend 1.Payout 2.Reinvestment• Bonus Option$






TOTAL EXPENSE RATIO

Plan A 2.40%


PORTFOLIO


% to Net Assets


7.59% CGL 2026 Sovereign 10.74%







Total 49.34%






Total 9.03%

BONDS & NCDs



CRISIL AAA 8.43%



BWR AAA 7.45%

IDBI Bank Ltd. CRISIL BBB+

6.45%

Total 30.66%


Total 8.68%



Total 2.29%

Grand Total 100.00%


RATING PROFILE

58.37%

10.97%

8.43%

8.33%

7.45%

6.45%

Sovereign

Cash & Equivalent

CRISIL AAA

CRISIL AA

BWR AAA

CRISIL BBB+

INSTRUMENTS

49.34%

30.66%

9.03%

8.68%2.29% CENTRAL

GOVERNMENTSECURITIES

BONDS & NCDs




$ 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 May, 2017


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



Fund Manager Mr. Alok Sahoo# (Experience 13 yrs), Ms. Hetal Shah# (Experience 12 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• Dividend 1. Payout 2. Reinvestment• Bonus Option$






TOTAL EXPENSE RATIO

Plan A 1.57%


PORTFOLIO


% to Net Assets


8.28% CGL 2027 Sovereign 10.64%





Total 27.46%



Total 8.78%

BONDS & NCDs



CRISIL AAA 8.08%



BWR AAA 7.93%


[ICRA]A+ 7.26%


Total 34.88%


Total 26.57%



Total 2.31%

Grand Total 100.00%


RATING PROFILE

36.24%

28.88%

8.08%

7.98%

7.93%

7.26%

3.63%

Sovereign

Cash & Equivalent

CRISIL AAA

CRISIL AA

BWR AAA

[ICRA]A+

CRISIL BBB+

INSTRUMENTS

34.88%

27.46%

26.57%

8.78%2.31% BONDS & NCDs

CENTRALGOVERNMENTSECURITIES






15

31st May, 2017


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



Fund Manager Mr. Alok Sahoo# (Experience 13 yrs), Ms. Hetal Shah# (Experience 12 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. Nil if redeemed after 15 days from the date of allotment


Options • Growth• Monthly Dividend^• Quarterly Dividend^ 1. Payout 2. Reinvestment






TOTAL EXPENSE RATIO

Plan A 1.23%


PORTFOLIO


% to Net Assets




CRISIL A1+ 5.80%

Axis Bank Ltd. CRISIL A1+ 5.61%

HDFC Bank Ltd. IND A1+ 5.60%

IndusInd Bank Ltd. CRISIL A1+ 4.67%

ICICI Bank Ltd. [ICRA]A1+ 4.67%

Total 26.35%

Commercial Paper**

National Bank for Agriculture and Rural Development

CRISIL A1+ 9.35%

Peninsula Land Ltd. [ICRA]A1 5.46%


IIFL Facilities Services Ltd. CRISIL A1+ 4.39%

Total 23.84%

Treasury Bills

TBILL 91 DAY 31 Aug 2017 Sovereign 3.00%

Total 3.00%

BONDS & NCDs


Manappuram Finance Ltd. CRISIL AA- 5.30%


BWR AAA 4.71%

Indiabulls Housing Finance Ltd.

BWR AAA 3.76%

JSW Steel Ltd. CARE AA- 3.01%


[ICRA]AA- 0.77%


CRISIL A+ 1.71%

Edelweiss Asset Reconstruction Company Ltd.

[ICRA]AA 2.47%


CARE AA 2.09%


[ICRA]A+ 1.37%

India Infoline Finance Ltd. [ICRA]AA 1.19%


CRISIL AAA 1.05%

Power Finance Corporation Ltd.

CRISIL AAA 0.95%


CRISIL AA 0.49%

Vedanta Ltd. CRISIL AA 0.19%


CRISIL AAA 0.11%

Total 29.17%

Unlisted

Cyquator Media Services Private Ltd.

BWR A1+ (SO) 2.81%

Tanglin Developments Ltd. BWR A+ (SO) 1.87%


[ICRA]A+ 1.36%

PORTFOLIO


% to Net Assets

Total 6.04%


Total 12.82%



Total -1.22%

Grand Total 100.00%


RATING PROFILE

29.82%11.60%

8.47%5.60%5.46%5.30%4.67%4.64%

3.66%3.01%3.00%2.81%2.73%2.11%2.09%1.87%1.71%

0.77%0.68%

CRISIL A1+Cash & Equivalent

BWR AAAIND A1+[ICRA]A1

CRISIL AA-[ICRA]A1+BWR A1+[ICRA]AA

CARE AA-Sovereign

BWR A1+ (SO)[ICRA]A+

CRISIL AAACARE AA

BWR A+ (SO)CRISIL A+[ICRA]AA-CRISIL AA

INSTRUMENTS

29.17%

26.35%

BONDS & NCDs

Certificate of Deposit

Commercial Paper

CBLO / Reverse RepoInvestmentsUnlisted

Treasury Bills


23.84%

12.82%

6.04%

3.00%-1.22%


^ 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 May, 2017


[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




(Experience 12 yrs)

Benchmark CRISIL Liquid Fund Index


2,793.96 Crs

Month end AUM (`) 3,070.31 Crs


Entry Load NA

Exit Load Nil


Options

• Growth • Daily Dividend 1 .Reinvestment • Weekly Dividend 1 .Reinvestment • Monthly Dividend 1 .Payout 2 .Reinvestment• Quarterly Dividend 1.Payout 2 .Reinvestment• Bonus Option$

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



TOTAL EXPENSE RATIO

Plan A 0.80%


PORTFOLIOName of Instruments Ratings /

Industries% to

Net Assets

MONEY MARkET INSTRUMENTCertificate of Deposit**ICICI Bank Ltd. [ICRA]A1+ 5.85%Axis Bank Ltd. CRISIL A1+ 5.54%HDFC Bank Ltd. IND A1+ 4.79%IndusInd Bank Ltd. CRISIL A1+ 1.95%Credit Suisse Ag CRISIL A1+ 0.80%Total 18.93%Commercial Paper**National Bank for Agriculture and Rural Development

CRISIL A1+ 8.14%

Adani Enterprises Ltd. BWR A1+ 3.91%JSW Steel Ltd. [ICRA]A1+ 3.25%India Infoline Housing Finance Ltd.

[ICRA]A1+ 3.25%

Peninsula Land Ltd. [ICRA]A1 1.72%Housing Development Finance Corporation Ltd.

CRISIL A1+ 1.57%

Adani Gas Ltd. CARE A1+ 1.30%IIFL Facilities Services Ltd. CRISIL A1+ 1.15%Kotak Commodity Services Private Ltd.

[ICRA]A1+ 0.64%

Total 24.93%BONDS & NCDsListed / awaiting listing on the stock exchangesDewan Housing Finance Corporation Ltd.

BWR AAA 4.63%

Power Finance Corporation Ltd. CRISIL AAA 4.44%Indiabulls Housing Finance Ltd. CARE AAA 3.38%Apollo Hospitals Enterprise Ltd. CRISIL AA 2.30%India Infoline Housing Finance Ltd. CRISIL AA- 2.04%India Infoline Housing Finance Ltd. [ICRA]AA 1.95%Aspire Home Finance Corporation Ltd.

[ICRA]AA- 1.95%

Manappuram Finance Ltd. CRISIL AA- 1.55%Edelweiss Commodities Services Ltd.

CARE AA 1.42%

HDFC Bank Ltd. CRISIL AA+ 1.31%Janalakshmi Financial Services Ltd. [ICRA]A+ 1.16%JSW Steel Ltd. CARE AA- 1.14%Bank of Baroda CARE AA 0.82%India Infoline Housing Finance Ltd. CRISIL AA 0.74%Aspire Home Finance Corporation Ltd.

CRISIL A+ 0.53%

Edelweiss Asset Reconstruction Company Ltd.

[ICRA]AA 0.40%

ICICI Bank Ltd. [ICRA]AA+ 0.33%India Infoline Finance Ltd. [ICRA]AA 0.31%Rural Electrification Corporation Ltd.

CRISIL AAA 0.28%


CRISIL AAA 0.24%

Indiabulls Housing Finance Ltd. BWR AAA 0.16%

Steel Authority of India Ltd. IND AA 0.16%Total 31.24%Unlisted

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

0.88%

Cyquator Media Services Private Ltd.

BWR A1+ (SO)

0.65%

Tanglin Developments Ltd. BWR A+ (SO) 0.47%Powergrid Vizag ransmission Ltd.

CRISIL AAA (SO)

0.34%


[ICRA]AA 0.30%

Total 2.64%CBLO / Reverse Repo Investments 20.68%Total 20.68%Cash & Cash EquivalentsNet Receivable/Payable 1.58%Total 1.58%

PORTFOLIOName of Instruments Ratings /

Industries% to

Net Assets

Grand Total 100.00%


RATING PROFILE

22.26%19.15%

12.99%4.96%4.79%4.79%

3.91%3.59%3.38%3.04%2.96%

2.24%1.95%1.72%1.53%1.31%1.30%1.16%1.14%0.53%0.47%0.34%0.33%0.16%

Cash & EquivalentCRISIL A1+[ICRA]A1+

CRISIL AAAIND A1+

BWR AAABWR A1+

CRISIL AA-CARE AAACRISIL AA[ICRA]AACARE AA

[ICRA]AA-[ICRA]A1

BWR A1+ (SO)CRISIL AA+CARE A1+[ICRA]A+

CARE AA-CRISIL A+

BWR A+ (SO)CRISIL AAA (SO)

[ICRA]AA+IND AA

INSTRUMENTS

31.24%

24.93%

20.68%

18.93%

2.64% 1.58% BONDS & NCDs

Commercial Paper



Unlisted



NAV (Per Unit) `RegularGrowth 1871.8903Dividend - Daily 1006.5930Dividend - Weekly 1003.8431Dividend - Monthly 1004.7854Dividend - Quarterly NAPlan ABonus 1905.5680Growth 1919.4533Dividend - Daily 1030.7119Dividend - Weekly 1021.3612Dividend - Monthly 1004.7855Dividend - Quarterly 1039.4923Plan B - DirectBonus NAGrowth 1947.4328Dividend - Daily 1008.8997Dividend - Weekly 1003.8473Dividend - Monthly 1004.8384Dividend - Quarterly 1045.0771

An Open Ended Debt Scheme

17

31st May, 2017


[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.16 crores

Investors understand that their principal will be atLow risk

This product is suitable for investors who are seeking*

• 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



(Experience 12 yrs)

Benchmark CRISIL Liquid Fund Index

Monthly Average AUM (`)&

5,567.44 Crs

Month end AUM (`)& 5,225.26 Crs


Entry Load NA

Exit Load Nil


Options • Growth• Daily Dividend 1.Reinvestment• Weekly Dividend 1.Reinvestment• Bonus Option$

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



TOTAL EXPENSE RATIOPlan A 0.24%


PORTFOLIO


% to Net

Assets



ICICI Bank Ltd. [ICRA]A1+ 4.89%

Axis Bank Ltd. CRISIL A1+ 4.02%

HDFC Bank Ltd. IND A1+ 4.01%

IndusInd Bank Ltd. CRISIL A1+ 2.45%

IDFC Bank Ltd. [ICRA]A1+ 1.49%

Oriental Bank of Commerce CRISIL A1+ 0.10%

Total 16.96%

Commercial Paper**

Piramal Enterprises Ltd. [ICRA]A1+ 4.45%Adani Ports and Special Economic Zone Ltd. [ICRA]A1+ 2.98%

Aditya Birla Housing Finance Ltd. [ICRA]A1+ 2.98%

Export-Import Bank of India CRISIL A1+ 2.97%

Small Industries Development Bank of India CRISIL A1+ 2.97%

India Infoline Housing Finance Ltd. [ICRA]A1+ 2.96%

IIFL Facilities Services Ltd. CRISIL A1+ 2.59%

LIC Housing Finance Ltd. CRISIL A1+ 2.23%

Havells India Ltd. CARE A1+ 2.23%

Edelweiss Commodities Services Ltd. CRISIL A1+ 2.22%

IIFL Wealth Finance Ltd. [ICRA]A1+ 2.20%


PNB Housing Finance Ltd. CRISIL A1+ 1.49%

JSW Steel Ltd. [ICRA]A1+ 1.48%

Muthoot Homefin (I) Ltd. [ICRA]A1+ 1.47%

Capital First Home Finance Ltd. CARE A1+ 1.11%

Kotak Commodity Services Private Ltd. [ICRA]A1+ 0.45%

Godrej Properties Ltd. [ICRA]A1+ 0.37%

Adani Gas Ltd. CARE A1+ 0.15%

Total 39.23%

Treasury Bills

TBILL 91 DAY 25 May 2017 Sovereign 0.74%

Total 0.74%

Fixed Deposit

RBL Bank Ltd. Unrated 1.49%




IDFC Bank Ltd. Unrated 0.37%

Total 5.81%

CBLO /Reverse Repo investments 37.38%

Total 37.38%



Total -0.12%

Grand Total 100.00%


RATING PROFILE

37.26%

25.72%

21.04%

5.81%

4.01%

3.49%

1.93%

0.74%

Cash & Equivalent

[ICRA]A1+

CRISIL A1+

Unrated

IND A1+

CARE A1+

BWR A1+

Sovereign

INSTRUMENTS

39.23%

37.38%

16.96%

5.81%0.74%

-0.12%Commercial Paper



Fixed Deposit

Treasury Bills



NAV (Per Unit) `RegularGrowth 2770.6429

Dividend 2373.7666Dividend - Daily 1006.0602Plan AGrowth 1882.8750Dividend - Daily 1001.1191Dividend - Weekly 1000.3652Plan B - DirectBonus 1890.9042Growth 1890.5824Dividend - Daily 1001.8422Dividend - Weekly 1224.5862

An Open Ended Liquid Scheme

18

31st May, 2017


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 %)^ 23.72 14.24 17.26 17.64

S&P BSE 200 (Scheme Benchmark) (in %)* 20.99 12.15 15.76 15.69

Nifty 50 (Standard Benchmark) (in %)$ 17.91 9.97 14.33 15.25

` 10,000, if invested in BPGF, would have become `12,372 `14,921 `22,181 `92,940

` 10,000, if invested in S&P BSE 200, would have become `12,099 `14,115 `20,795 `73,947

` 10,000, if invested in Nifty 50, would have become `11,791 `13,307 `19,539 `70,121

^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 May 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.



Baroda Pioneer ELSS’ 96 Fund (in %)^ 23.35 13.61 17.41 12.94

S&P BSE 200 (Scheme Benchmark) (in %)* 20.99 12.15 15.76 12.47


`10,000, if invested in BPELSS’96F, would have become `12,335 `14,673 `22,318 `1,31,733

`10,000, if invested in S&P BSE 200, would have become `12,099 `14,115 `20,795 `1,20,600

`10,000, if invested in Nifty 50, would have become `11,791 `13,307 `19,539 `97,648

^Past performance may or may not be sustained in the future.Data is for Dividend Option and the last working day of May 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.



Baroda Pioneer Balance Fund (in %)^ 19.41 11.88 14.91 12.72

CRISIL Balanced Fund - Aggressive index& (Scheme Benchmark) (in %) 15.61 10.46 12.85 12.62


`10,000, if invested in BPBF, would have become `11,941 `14,014 `20,046 `51,740

`10,000, if invested in CRISIL Balanced Fund - Aggressive index (effective April 4, 2016), would have become `11,561 `13,487 `18,310 `51,115


^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 May 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 April 4, 2016)



Baroda Pioneer Mid-Cap Fund (in %)^ 31.04 0.35 5.11 -2.29

S&P BSE MidCap (Scheme Benchmark)& (in %) 28.68 19.94 19.86 8.94


`10,000, if invested in BPMCF, would have become `13,104 `10,106 `12,829 `8,570

`10,000, if invested in S&P BSE MidCap, would have become `12,868 `17,273 `24,755 `17,685


^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 May 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)

19

31st May, 2017



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



Baroda Pioneer Large Cap Fund (in %)^ 28.00 8.73 14.14 4.25

Nifty 100 (Scheme Benchmark)& (in %) 20.05 11.31 15.48 9.51


`10,000, if invested in BPLCF, would have become `12,800 `12,861 `19,376 `13,350

`10,000, if invested in Nifty 100 would have become `12,005 `13,799 `20,545 `18,796


^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 May 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)

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 %)^ 30.10 14.37 NA 14.92

Nifty Bank Index (Scheme Benchmark) (in %) 32.94 16.52 NA 18.70

Nifty 50 (Standard Benchmark) (in %)$ 17.91 9.97 NA 13.50

`10,000, if invested in BPBFSF, would have become `13,010 `14,970 NA `19,880

`10,000, if invested in Nifty Bank Index, would have become `13,294 `15,835 NA `23,335

`10,000, if invested in Nifty 50, would have become `11,791 `13,307 NA `18,696

^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 May 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 less than 5 years.



Baroda Pioneer Short Term Bond Fund (in %)^ 9.68 9.15 8.98 8.40

CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 8.82 9.07 9.08 8.52

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 6.68 7.62 7.38 7.00

`10,000, if invested in BPSTBF, would have become `10,968 `13,009 `15,374 `17,480

`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become `10,882 `12,980 `15,446 `17,610

`10,000, if invested in CRISIL 1 year T-Bill, would have become `10,668 `12,471 `14,281 `15,973

^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 May 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 %)^ 7.05 8.04 8.53 7.90

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 6.96 7.89 8.28 7.49

CRISIL 1 year T-Bill (Standard Benchmark) (in%)$ 6.68 7.62 7.38 6.22

`10,000, if invested in BPLF, would have become `10,705 `12,617 `15,063 `18,829

`10,000, if invested in CRISIL Liquid Fund Index, would have become `10,696 `12,562 `14,888 `18,245

`10,000, if invested in CRISIL 1 year T-Bill, would have become `10,668 `12,471 `14,281 `16,523


31st May, 2017



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



Baroda Pioneer Treasury Advantage Fund (in %)^ 8.81 9.03 9.20 8.56

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 6.96 7.89 8.28 7.54

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 6.68 7.62 7.38 6.35

`10,000, if invested in BPTAF, would have become `10,881 `12,967 `15,534 `19,195

`10,000, if invested in CRISIL Liquid Fund Index, would have become `10,696 `12,562 `14,888 `17,805

`10,000, if invested CRISIL 1 year T-Bill, would have become `10,668 `12,471 `14,281 `16,302


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

Scheme Name & Benchmark

Baroda Pioneer Credit Opportunities Fund (in %)^ 11.28 10.76

CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 8.82 8.67

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 6.68 7.32

`10,000, if invested in BPCOF, would have become `11,128 `12,719

`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become `10,882 `12,161

`10,000, if invested CRISIL 1 year T-Bill, would have become `10,668 `11,809

^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 May 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 less than 3 years.



Baroda Pioneer Monthly Income Plan (MIP) Fund (in %)^* 9.51 8.79 9.40 6.17

CRISIL MIP Blended Index (Scheme Benchmark) (in %) 12.07 10.70 10.29 8.62

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ 11.08 10.69 8.32 6.20

`10,000, if invested in BPMIPF, would have become `10,951 `12,882 `15,678 `21,423

`10,000, if invested in CRISIL MIP Blended Index, would have become `11,207 `13,575 `16,324 `28,669

`10,000, if invested in CRISIL 10 Year Gilt Index, would have become `11,108 `13,568 `14,915 `21,505

^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 May 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 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 Since Inception

Scheme Name & Benchmark

Baroda Pioneer Dynamic Bond Fund (in %)^ 10.88 10.84 9.63

CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 10.95 10.67 9.44

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 6.68 7.62 7.38

`10,000, if invested in BPDBF, would have become `11,088 `13,626 `15,722

`10,000, if invested in CRISIL Composite Bond Fund Index, would have become `11,095 `13,562 `15,588

`10,000, if invested CRISIL 1 year T-Bill, would have become `10,668 `12,471 `14,199

^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 May 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 less than 5 years.

31st May, 2017



Funds Managed by Ms. Hetal Shah



Baroda Pioneer Income Fund (in %)^ 9.16 9.19 8.42 6.38

CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 10.95 10.67 9.42 7.15

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ 11.08 10.69 8.32 6.87

`10,000, if invested in BPIF, would have become `10,916 `13,025 `14,986 `25,613

`10,000, if invested in CRISIL Composite Bond Fund Index, would have become `11,095 `13,562 `15,692 `28,594



Disclaimers: Nifty Bank Index and Nifty Infra: 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 Infra and Nifty Bank Index or particularly in the ability of the Nifty Infra, and Nifty Bank Index to track general stock market performance in India. Please read the full disclaimers in relation to the Nifty Infra 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.

Nifty 100: Baroda Pioneer Large Cap Fund (“Scheme”) offered by Baroda Pioneer Mutual Fund is 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 merchant ability 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 Nifty100, or particularly in the ability of the Nifty 100, to track general stock market performance in India.

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 %)^ 9.83 10.03 9.06 6.52

I-Sec Mi-BEX (Scheme Benchmark) (in %) 9.77 10.56 9.70 7.85

CRISIL 10 Year Gilt Index (Standard Benchmark)$ 11.08 10.69 8.32 6.87

`10,000, if invested in BPGF, would have become `10,983 `13,328 `15,432 `26,117

`10,000, if invested in I-Sec Mi-BEX, would have become `10,977 `13,522 `15,890 `31,566


^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 May 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 May, 2017


SIP Returns

23

Baroda Pioneer Growth Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 16,50,000

Total Value as on May 31, 2017(Rs) 1,34,863 4,37,461 8,98,532 13,53,434 22,53,420 47,04,371

Returns (%) 23.86 13.09 16.17 13.39 12.11 14.12

Total Values of S&P BSE 200* (Rs) 1,34,261 4,32,165 8,58,676 13,06,459 21,68,076 41,60,285

S&P BSE 200* Returns (%) 22.87 12.24 14.32 12.40 11.39 12.54

Total Value of Nifty 50 (Rs) 1,33,628 4,20,389 8,16,810 12,43,573 20,53,487 39,62,652

Nifty 50 Returns (%) 21.82 10.34 12.30 11.02 10.36 11.91

Baroda Pioneer ELSS’ 96 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception


Total Value as on May 31, 2017(Rs) 1,33,582 4,30,498 8,87,336 13,52,907 22,10,423 1,35,31,638

Returns (%) 21.75 11.98 15.66 13.38 11.75 13.92

Total Values of S&P BSE 200* (Rs) 1,34,261 4,32,165 8,58,676 13,06,459 21,68,076 1,37,65,277

S&P BSE 200* Returns (%) 22.87 12.24 14.32 12.40 11.39 14.05

Total Value of Nifty 50 (Rs) 1,33,628 4,20,389 8,16,810 12,43,573 20,53,487 1,17,04,128

Nifty 50 Returns (%) 21.82 10.34 12.30 11.02 10.36 12.81

Baroda Pioneer Mid-Cap Fund 1 Year 3 Years 5 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 8,00,000

Total Value as on May 31, 2017(Rs) 1,33,854 3,90,686 7,07,677 9,18,868

Returns (%) 22.19 5.39 6.54 4.10

Total Values of S&P BSE MidCap^^ (Rs) 1,35,584 4,74,883 10,29,460 14,69,084

S&P BSE MidCap^^ Returns (%) 25.06 18.86 21.76 17.98

Total Value of Nifty 50 (Rs) 1,33,628 4,20,389 8,16,810 11,70,556

Nifty 50 Returns (%) 21.82 10.34 12.30 11.25

Baroda Pioneer Large CapFund

1 Year 3 Years 5 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 8,40,000

Total Value as on May 31, 2017(Rs) 1,33,956 4,22,497 8,62,059 12,25,387

Returns (%) 22.36 10.69 14.48 10.61

Total Values of Nifty 100^^ (Rs) 1,34,044 4,27,709 8,43,334 12,88,609

Nifty 100^^ Returns (%) 22.51 11.53 13.59 12.02

Total Value of Nifty 50 (Rs) 1,33,628 4,20,389 8,16,810 12,42,312

Nifty 50 Returns (%) 21.82 10.34 12.30 11.00

Baroda Pioneer Banking andFinancial Services Fund

1 Year 3 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000

Total Value as on May 31, 2017(Rs) 1,39,231 4,59,814 9,19,788

Returns (%) 31.16 16.57 17.13

Total Values of Nifty Bank Index (Rs) 1,44,876 4,74,760 9,78,292

Nifty Bank Index Returns (%) 40.76 18.84 19.67

Total Value of Nifty 50 (Rs) 1,33,628 4,20,389 8,15,634

Nifty 50 Returns (%) 21.82 10.34 12.25

Baroda Pioneer Balance Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception



Returns (%) 19.11 11.98 13.84 12.20 10.60 10.55

Total Values of CRISIL Balanced Fund – Aggressive Index (Rs)

1,30,674 4,20,888 8,04,495 12,30,542 20,30,049 36,43,634

CRISIL Balanced Fund – Aggressive Index Returns (%)

16.98 10.43 11.69 10.73 10.15 10.82

Total Value of Nifty 50 (Rs) 1,33,628 4,20,389 8,16,810 12,43,573 20,53,487 39,62,863

Nifty 50 Returns (%) 21.82 10.34 12.30 11.02 10.36 11.91

Baroda Pioneer Monthly Income Plan (MIP) Fund*

1 Year 3 Years 5 Years 7 Years 10 Years Since Inception



Returns (%) 7.36 7.84 8.96 8.62 7.59 6.90

Total Values of CRISIL MIP Blended Index (Rs)

1,26,420 4,19,418 7,79,353 11,92,603 19,28,593 27,71,674

CRISIL MIP Blended Index Returns 10.12 10.19 10.41 9.85 9.18 8.88

Total Value of CRISIL 10 Year Gilt Index Returns (%) (Rs)

1,24,716 4,18,414 7,56,396 11,37,178 17,79,786 24,88,805

CRISIL 10 Year Gilt Index Returns (%) 7.40 10.03 9.21 8.52 7.65 7.32

* Monthly income is not assured and is subject to the availability of distributable surplus.^Past performance may or may not be sustained in the future.For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV.CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return). Where Benchmark returns are not available, they have not been shown.

* with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200.

* with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200.

^^Scheme benchmark has been changed to Nifty 100 effective October 3, 2016.

^^Scheme benchmark has been changed to S&P BSE Mid-cap index effective October 3, 2016.

31st May, 2017


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

23-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

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

Baroda Pioneer Balance Fund - Plan A - Dividend23-Mar-17 17.82 0.40

30-Dec-16 16.58 0.50

30-Sep-16 18.18 0.50

Baroda Pioneer Balance Fund - Plan B - Direct - Dividend23-Mar-17 19.14 0.40

30-Dec-16 17.69 0.50

30-Sep-16 19.29 0.50

Baroda Pioneer MIP Fund - Plan A - Monthly Dividend*28-Apr-17 13.61 0.05

31-Mar-17 13.58 0.05

23-Feb-17 13.37 0.05

Baroda Pioneer MIP Fund - Plan B - Direct - Monthly Dividend*28-Apr-17 13.88 0.05

31-Mar-17 13.84 0.05

23-Feb-17 13.62 0.05

Baroda Pioneer MIP Fund - Plan A - Quarterly Dividend*23-Mar-17 13.29 0.14

30-Sep-16 13.34 0.14

24-Jun-16 12.97 0.14

Baroda Pioneer MIP Fund - Plan B - Direct - Quarterly Dividend*23-Mar-17 13.58 0.14

30-Sep-16 13.57 0.14

24-Jun-16 13.17 0.14

Baroda Pioneer Credit Opportunities Fund - - Plan A - Quarterly Dividend23-Mar-17 10.8996 0.15

30-Sep-16 10.8077 0.15

24-Jun-16 10.6109 0.15

Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Quarterly Dividend23-Mar-17 11.1790 0.15

30-Sep-16 11.0326 0.15

24-Jun-16 10.7891 0.15

Baroda Pioneer Credit Opportunities Fund - - Plan A - Monthly Dividend28-Apr-17 11.2531 0.05

31-Mar-17 10.9085 0.05

23-Feb-17 10.7885 0.05

Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Monthly Dividend28-Apr-17 11.2531 0.05

31-Mar-17 11.2441 0.05

23-Feb-17 11.1045 0.05

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

Baroda Pioneer Dynamic Bond Fund - Plan A - Dividend27-Jun-16 12.1528 0.29

23-Mar-16 12.5843 0.51

25-Jun-13 10.0000 0.30

Baroda Pioneer Dynamic Bond Fund - Plan B - Direct - Dividend27-Jun-16 12.5981 0.29

23-Mar-16 13.0024 0.51

25-Jun-13 10.0000 0.31

Baroda Pioneer Gilt Fund - Plan A - Dividend24-Jun-16 19.49 0.87

23-Mar-16 20.31 0.87

21-Mar-14 16.42 1.95

Baroda Pioneer Gilt Fund - Plan B - Direct - Dividend21-Mar-14 16.55 1.95

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 Dividend28-Apr-17 10.13 0.06

31-Mar-17 10.14 0.06

23-Feb-17 10.06 0.04

Baroda Pioneer Short Term Bond Fund - Plan B - Direct - Monthly Dividend28-Apr-17 10.12 0.06

31-Mar-17 10.13 0.06

23-Feb-17 10.04 0.05

Baroda Pioneer Treasury Advantage Fund Reg - Monthly Dividend28-Apr-17 1012.42 6.13

31-Mar-17 1012.31 4.17

23-Feb-17 1003.83 4.02

Baroda Pioneer Treasury Advantage Fund - Plan A - Monthly Dividend31-Mar-17 1012.31 4.17

23-Feb-17 1003.83 4.02

27-Jan-17 1003.61 4.95

Baroda Pioneer Treasury Advantage Fund - Plan B - Direct - Monthly Dividend28-Apr-17 1012.67 6.30

31-Mar-17 1012.61 4.38

23-Feb-17 1003.85 4.18

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 Dividend23-Mar-17 1041.25 12.28

30-Sep-16 1041.77 14.45

24-Jun-16 1035.24 14.45

Baroda Pioneer Treasury Advantage Fund - Plan B - Direct - Quarterly Dividend23-Mar-17 1046.20 12.28

30-Sep-16 1044.62 14.45

24-Jun-16 1036.72 14.45

Baroda Pioneer Income Fund - Plan A - Dividend24-Jun-16 22.13 1.01

23-Mar-16 23.14 1.01

Baroda Pioneer Income Fund - Plan B - Direct - Dividend24-Jun-16 22.16 1.01

23-Mar-16 23.15 1.01

Dividend History

24

$ 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 May, 2017

BARODA PIONEER MUTUAL FUND25

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 May, 2017


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

26

31st May, 2017


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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