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30th April, 2018
BARODA PIONEER MUTUAL FUND
Dear Investors,
Warm Greetings!
Stock markets recovered sharply by gaining 6% during the month of April. YTD markets are up by almost 2% vs YTD negative before the rally. Easing of concerns on global trade war, improving IIP and robust earnings by companies led to sharp recovery in markets. Amongst sectors, IT, FMCG, private banks, Auto were the key gainers with returns of 5-8%.
IIP grew by 7.1%, lower than its January reading of 7.4%. Most of the growth was on the strength of manufacturing segment growing at a pace of 8.7% while mining saw a de-growth of 0.3%. Electricity production too saw a slower pace of 4.5%. In the use-based classification, capital goods jumped at 20% while infrastructure and construction goods too showed a robust growth of 13% on a YoY basis.
Headline inflation fell to 4.3%YoY from 4.4% last month but the print was higher than street expectations. The surprise was mostly on core CPI inflation, which rose to 5.4% from 5.2%, and even after excluding the volatile transportation and housing segment, the core CPI inflation increased to 5%YoY, highest in 15 months. Besides core inflation, both food and fuel inflation declined on back of softer vegetables and a cut in cooking gas prices.
RBI left the policy rates unchanged in the April policy and the voting pattern was also similar to the February policy. However, the downward adjustment in their inflation forecasts for FY19 came as a surprise for the markets. From the minutes of the Monetary Policy Committee meeting, it appeared that commentary is turning more hawkish ahead of June.
FPIs were net sellers in Indian equities in Apr with USD978mn of equity outflows during the month, which took their total YTD buying to USD1.1bn. DIIs meanwhile saw USD1.3bn of net buying - YTD DIIs have now bought USD5.1bn worth. Mutual Funds contributed USD1.4bn to the net buying even as Insurers net sold USD145mn during the month.
For the month of May we have two key events. US Fed meet is due this month. As such, the central bank hinted at three rate hikes, but the street is also looking at an additional one on the back of robust growth in the country.
Also Karnataka state elections is due on 12th May with results to be declared on 15th. The opinion poll for Karnataka suggest a hung assembly with neither the incumbent Congress nor BJP getting a clear majority.
Currently, Nifty is trading at PE of 19x for FY19 consensus earnings estimates. As per consensus, earnings growth of 16% 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
30th April, 2018
BARODA PIONEER MUTUAL FUND
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
30th April, 2018
BARODA PIONEER MUTUAL FUND
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
30th April, 2018
BARODA PIONEER MUTUAL FUND
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 6.36%
Infosys Ltd. Software 4.36%
Maruti Suzuki India Ltd. Auto 3.84%
Mahindra & Mahindra Financial Services Ltd.
Finance 3.53%
ICICI Bank Ltd. Banks 3.10%
SBI Life Insurance Company Ltd.
Finance 2.86%
Kansai Nerolac Paints Ltd.Consumer Non Durables
2.69%
Shriram Transport Finance Company Ltd.
Finance 2.57%
Sun TV Network Ltd.Media & Entertainment
2.56%
Indraprastha Gas Ltd. Gas 2.51%
Bharat Forge Ltd.Industrial Products
2.48%
Mphasis Ltd. Software 2.41%
Motherson Sumi Systems Ltd.
Auto Ancillaries 2.41%
Britannia Industries Ltd.Consumer Non Durables
2.40%
Petronet LNG Ltd. Gas 2.34%
Blue Star Ltd.Consumer Durables
2.28%
Whirlpool of India Ltd.Consumer Durables
2.28%
Pidilite Industries Ltd. Chemicals 2.21%
HCL Technologies Ltd. Software 2.14%
Titan Company Ltd.Consumer Durables
2.07%
Housing Development Finance Corporation Ltd.
Finance 2.07%
Godrej Consumer Products Ltd.
Consumer Non Durables
1.98%
Engineers India Ltd.Construction Project
1.96%
Reliance Industries Ltd.Petroleum Products
1.82%
Sadbhav Engineering Ltd.Construction Project
1.78%
Sun Pharmaceutical Industries Ltd.
Pharmaceuticals 1.69%
NBCC (India) Ltd. Construction 1.68%
Astral Poly Technik Ltd.Industrial Products
1.64%
DLF Ltd. Construction 1.62%
State Bank of India Banks 1.61%
WABCO India Ltd. Auto Ancillaries 1.57%
Tata Consultancy Services Ltd.
Software 1.56%
Ashok Leyland Ltd. Auto 1.55%
Larsen & Toubro Ltd.Construction Project
1.53%
Mahindra & Mahindra Ltd. Auto 1.52%
Bank of Baroda Banks 1.52%
Tech Mahindra Ltd. Software 1.46%
PORTFOLIO
Name of Instruments Ratings / Industries
% to Net Assets
Grasim Industries Ltd. Cement 1.43%
Apollo Tyres Ltd. Auto Ancillaries 1.39%
The Ramco Cements Ltd. Cement 1.26%
The Federal Bank Ltd. Banks 1.14%
Security and Intelligence Services (I) Ltd.
Commercial Services
1.10%
Bharti Airtel Ltd.Telecom - Services
1.04%
Tata Steel Ltd. Ferrous Metals 0.86%
Shree Cement Ltd. Cement 0.80%
Jindal Steel & Power Ltd. Ferrous Metals 0.73%
Tata Motors Ltd. Auto 0.69%
Oracle Financial Services Software Ltd.
Software 0.47%
Natco Pharma Ltd. Pharmaceuticals 0.47%
Tata Steel Ltd. - Partly Paid Ferrous Metals 0.07%
Total 97.41%
CBLO / Reverse Repo Investments 3.10%
Total 3.10%
Cash & Cash Equivalents
Net Receivable/Payable -0.51%
Total -0.51%
Grand Total 100.00%
INDUSTRIES/RATINGS
13.73%
12.40%
11.03%
7.60%
7.07%
6.63%
5.37%
5.27%
4.85%
4.12%
3.49%
3.30%
2.59%
2.56%
2.21%
2.16%
1.82%
1.66%
1.10%
1.04%
Banks
Software
Finance
Auto
Consumer Non Durables
Consumer Durables
Auto Ancillaries
Construction Project
Gas
Industrial Products
Cement
Construction
Cash & Equivalent
Media & Entertainment
Chemicals
Pharmaceuticals
Petroleum Products
Ferrous Metals
Commercial Services
Telecom - 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 (`)
669.20 Crs
Month end AUM (`) 687.73 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 30 APRIL 2018Standard deviation 14.01%Sharpe@ 0.30 Beta 0.99 Portfolio Turnover (last 12 months) 0.88
NAV AS ON 30 APRIL 2018NAV (Per Unit) `Plan AGrowth 102.1400Dividend 35.3100Plan B - DirectGrowth 107.1100Dividend 35.1200
TOTAL EXPENSE RATIOPlan A 2.61%Plan B (Direct) 1.76%
$ 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
30th April, 2018
BARODA PIONEER MUTUAL FUND
PORTFOLIO
Name of Instruments Ratings / Industries
% to Net Assets
EQUITY & EQUITY RELATED
Listed / awaiting listing on the stock exchanges
HDFC Bank Ltd. Banks 6.21%
Mahindra & Mahindra Financial Services Ltd.
Finance 3.75%
Maruti Suzuki India Ltd. Auto 3.60%
Infosys Ltd. Software 3.41%
Mphasis Ltd. Software 2.94%
Bharat Financial Inclusion Ltd.
Finance 2.89%
Kansai Nerolac Paints Ltd.Consumer Non Durables
2.85%
Indraprastha Gas Ltd. Gas 2.76%
Whirlpool of India Ltd.Consumer Durables
2.70%
Carborundum Universal Ltd.
Industrial Products
2.68%
Symphony Ltd.Consumer Durables
2.59%
Tamil Nadu Newsprint & Papers Ltd.
Paper 2.51%
Cholamandalam Investment and Finance Company Ltd.
Finance 2.47%
Petronet LNG Ltd. Gas 2.42%
Motherson Sumi Systems Ltd.
Auto Ancillaries 2.38%
Shriram Transport Finance Company Ltd.
Finance 2.29%
Blue Star Ltd.Consumer Durables
2.28%
WABCO India Ltd. Auto Ancillaries 2.25%
HCL Technologies Ltd. Software 2.24%
Pidilite Industries Ltd. Chemicals 2.24%
NBCC (India) Ltd. Construction 2.23%
V-Mart Retail Ltd. Retailing 2.22%
Dabur India Ltd.Consumer Non Durables
2.10%
ICICI Bank Ltd. Banks 2.02%
Housing Development Finance Corporation Ltd.
Finance 2.01%
Sun Pharmaceutical Industries Ltd.
Pharmaceuticals 1.88%
City Union Bank Ltd. Banks 1.83%
Security and Intelligence Services (I) Ltd.
Commercial Services
1.79%
Jet Airways (India) Ltd. Transportation 1.60%
Tata Consultancy Services Ltd.
Software 1.50%
Tech Mahindra Ltd. Software 1.43%
PNC Infratech Ltd. Construction 1.40%
State Bank of India Banks 1.40%
Mahindra & Mahindra Ltd. Auto 1.36%
GMR Infrastructure Ltd.Construction Project
1.31%
Larsen & Toubro Ltd.Construction Project
1.24%
Lupin Ltd. Pharmaceuticals 1.15%
Steel Authority of India Ltd.
Ferrous Metals 1.10%
PORTFOLIO
Name of Instruments Ratings / Industries
% to Net Assets
Century Textiles & Industries Ltd.
Cement 1.08%
Nava Bharat Ventures Ltd. Power 1.06%
The Federal Bank Ltd. Banks 1.05%
Engineers India Ltd.Construction Project
1.01%
Gulf Oil Lubricants India Ltd.
Petroleum Products
0.99%
The South Indian Bank Ltd.
Banks 0.94%
Indian Bank Banks 0.91%
Tata Steel Ltd. Ferrous Metals 0.84%
Tata Motors Ltd. Auto 0.60%
DCB Bank Ltd. Banks 0.55%
Bajaj Corp Ltd.Consumer Non Durables
0.34%
Tata Steel Ltd. - Partly Paid Ferrous Metals 0.07%
Total 96.47%
CBLO / Reverse Repo Investments 3.78%
Total 3.78%
Cash & Cash Equivalents
Net Receivable/Payable -0.25%
Total -0.25%
Grand Total 100.00%
INDUSTRIES/RATINGS
14.91%
13.41%
11.52%
7.57%
5.56%
5.29%
5.18%
4.63%
3.63%
3.56%
3.53%
3.03%
2.68%
2.51%
2.24%
2.22%
2.01%
1.79%
1.60%
1.08%
1.06%
Banks
Finance
Software
Consumer Durables
Auto
Consumer Non Durables
Gas
Auto Ancillaries
Construction
Construction Project
Cash & Equivalent
Pharmaceuticals
Industrial Products
Paper
Chemicals
Retailing
Ferrous Metals
Commercial Services
Transportation
Cement
Power
Baroda Pioneer ELSS’ 96
Investors understand that their principal will be at Moderately High risk
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.
INVESTMENT OBJECTIVE
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 (`)
137.16 Crs
Month end AUM (`) 140.83 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$
SIP (Minimum) ` 500/month - 12 Installments` 1500/quarter - 4 Installments
RISk PROFILE 30 APRIL 2018Standard deviation 17.52%Sharpe@ 0.21 Beta 1.02 Portfolio Turnover (last 12 months) 1.03
NAV AS ON 30 APRIL 2018NAV (Per Unit) `Plan ADividend 31.2000Bonus 48.0500Growth 48.0500Plan B - DirectDividend 37.3000Bonus 51.1800Growth 51.1800
TOTAL EXPENSE RATIOPlan A 2.74%Plan B (Direct) 2.14%
$ 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
30th April, 2018
BARODA PIONEER MUTUAL FUND
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.
INVESTMENT OBJECTIVE
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 (`) 39.71 Crs
Month end AUM (`) 41.26 Crs
Minimum Investment ` 5,000/- & in multiples of ` 1/- thereafter
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$
SIP (Minimum) ` 500/month - 12 Installments` 1500/quarter - 4 Installments
PORTFOLIO
Name of Instruments Ratings / Industries
% to Net
Assets
EQUITY & EQUITY RELATED
Listed / awaiting listing on the stock exchanges
Jubilant Foodworks Ltd.Consumer Non Durables
4.00%
Kalpataru Power Transmission Ltd.
Power 3.85%
Mphasis Ltd. Software 3.77%
Symphony Ltd.Consumer Durables
3.53%
Bharat Financial Inclusion Ltd. Finance 3.53%
Mahindra & Mahindra Financial Services Ltd.
Finance 3.46%
Astral Poly Technik Ltd.Industrial Products
3.45%
Whirlpool of India Ltd.Consumer Durables
3.44%
Solar Industries India Ltd. Chemicals 3.35%
Carborundum Universal Ltd.Industrial Products
3.20%
Bajaj Electricals Ltd.Consumer Durables
3.18%
Cholamandalam Investment and Finance Company Ltd.
Finance 3.16%
NBCC (India) Ltd. Construction 3.05%
Indraprastha Gas Ltd. Gas 3.00%
WABCO India Ltd. Auto Ancillaries 2.95%
Blue Star Ltd.Consumer Durables
2.91%
Manpasand Beverages Ltd.Consumer Non Durables
2.91%
Sundram Fasteners Ltd. Auto Ancillaries 2.89%
Crompton Greaves Consumer Electricals Ltd.
Consumer Durables
2.86%
The Indian Hotels Company Ltd.
Hotels, Resorts And Other Recreational Activities
2.69%
Blue Dart Express Ltd. Transportation 2.68%
Jet Airways (India) Ltd. Transportation 2.34%
Bajaj Corp Ltd.Consumer Non Durables
2.33%
Dish TV India Ltd.Media & Entertainment
2.28%
City Union Bank Ltd. Banks 2.23%
Security and Intelligence Services (I) Ltd.
Commercial Services
2.14%
GMR Infrastructure Ltd.Construction Project
1.99%
National Aluminium Company Ltd.
Non - Ferrous Metals
1.95%
Engineers India Ltd.Construction Project
1.92%
Balkrishna Industries Ltd. Auto Ancillaries 1.85%
Gulf Oil Lubricants India Ltd.Petroleum Products
1.70%
Sterlite Technologies Ltd.Telecom - Equipment & Accessories
1.28%
JK Cement Ltd. Cement 1.21%
PORTFOLIO
Name of Instruments Ratings / Industries
% to Net
Assets
Cyient Ltd. Software 1.11%
Century Textiles & Industries Ltd. Cement 1.07%
CESC Ltd. Power 1.03%
The Ramco Cements Ltd. Cement 1.00%
Alkem Laboratories Ltd. Pharmaceuticals 0.89%
Total 96.18%
CBLO / Reverse Repo Investments 1.16%
Total 1.16%
Cash & Cash Equivalents
Net Receivable/Payable 2.66%
Total 2.66%
Grand Total 100.00%
INDUSTRIES/RATINGS
Hotels, Resorts And OtherRecreational Activities
15.92%10.15%
9.24%7.69%
6.65%5.02%4.88%4.88%
3.91%3.82%3.35%3.28%3.05%3.00%2.69%2.28%2.23%2.14%1.95%1.70%1.28%0.89%
Consumer DurablesFinance
Consumer Non DurablesAuto Ancillaries
Industrial ProductsTransportation
PowerSoftware
Construction ProjectCash & Equivalent
ChemicalsCement
ConstructionGas
Media & EntertainmentBanks
Commercial ServicesNon - Ferrous Metals
Petroleum Products
PharmaceuticalsTelecom - Equipment
& Accessories
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 30 APRIL 2018
Standard deviation 16.42%Sharpe@ 0.15 Beta 0.93 Portfolio Turnover (last 12 months) 1.33
NAV AS ON 30 APRIL 2018
NAV (Per Unit) `Plan AGrowth 10.4300Dividend 10.4300Plan B - DirectGrowth 10.8700Dividend 10.8700
TOTAL EXPENSE RATIO
Plan A 3.00%Plan B (Direct) 2.26%
30th April, 2018
BARODA PIONEER MUTUAL FUND
Baroda Pioneer Large Cap Fund
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 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.
INVESTMENT OBJECTIVE
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 (`) 28.14 CrsMonth end AUM (`) 28.76 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 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$
SIP (Minimum) ` 500/month - 12 Installments` 1500/quarter - 4 Installments
PORTFOLIO
Name of Instruments Ratings / Industries
% to Net
Assets
EQUITY & EQUITY RELATED
Listed / awaiting listing on the stock exchanges
HDFC Bank Ltd. Banks 8.11%
Reliance Industries Ltd. Petroleum Products 6.70%
Maruti Suzuki India Ltd. Auto 6.13%
Tata Consultancy Services Ltd. Software 6.02%
Housing Development Finance Corporation Ltd.
Finance 5.89%
Larsen & Toubro Ltd.Construction Project
5.84%
Hindustan Unilever Ltd.Consumer Non Durables
5.25%
Infosys Ltd. Software 4.59%
ICICI Bank Ltd. Banks 3.95%
Grasim Industries Ltd. Cement 2.85%
Shriram Transport Finance Company Ltd.
Finance 2.80%
MRF Ltd. Auto Ancillaries 2.78%
Sun Pharmaceutical Industries Ltd.
Pharmaceuticals 2.76%
Mahindra & Mahindra Financial Services Ltd.
Finance 2.75%
HCL Technologies Ltd. Software 2.74%
Godrej Consumer Products Ltd.
Consumer Non Durables
2.72%
Tata Motors Ltd. Auto 2.37%
Zee Entertainment Enterprises Ltd.
Media & Entertainment
2.25%
Colgate Palmolive (India) Ltd.Consumer Non Durables
2.15%
State Bank of India Banks 2.14%
IndusInd Bank Ltd. Banks 1.98%
Tata Steel Ltd. Ferrous Metals 1.86%
Mahindra & Mahindra Ltd. Auto 1.82%
Container Corporation of India Ltd.
Transportation 1.81%
Tech Mahindra Ltd. Software 1.75%
ABB India Ltd.Industrial Capital Goods
1.65%
Bank of Baroda Banks 1.55%
Mahanagar Gas Ltd. Gas 1.55%
Bharti Airtel Ltd. Telecom - Services 1.28%
Lupin Ltd. Pharmaceuticals 1.13%
Adani Ports and Special Economic Zone Ltd.
Transportation 0.99%
Tata Steel Ltd. - Partly Paid Ferrous Metals 0.08%
Total 98.24%
CBLO / Reverse Repo Investments 1.84%
Total 1.84%
Cash & Cash Equivalents
Net Receivable/Payable -0.08%
Total -0.08%
Grand Total 100.00%
INDUSTRIES/RATINGS
17.73%
15.10%
11.44%
10.32%
10.12%
6.70%
5.84%
3.89%
2.85%
2.80%
2.78%
2.25%
1.94%
1.76%
1.65%
1.55%
1.28%
Banks
Software
Finance
Auto
Consumer Non Durables
Petroleum Products
Construction Project
Pharmaceuticals
Cement
Transportation
Auto Ancillaries
Media & Entertainment
Ferrous Metals
Cash & Equivalent
Industrial Capital Goods
Gas
Telecom - Services
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 30 APRIL 2018
Standard deviation 14.81%
Sharpe@ 0.01
Beta 1.00
Portfolio Turnover (last 12 months) 1.16
NAV AS ON 30 APRIL 2018
NAV (Per Unit) `
Plan AGrowth 13.9300
Dividend 12.0200
Plan B - DirectGrowth 14.4500
Dividend 12.5300
TOTAL EXPENSE RATIO
Plan A 3.01%
Plan B (Direct) 2.39%
30th April, 2018
BARODA PIONEER MUTUAL FUND
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.
INVESTMENT OBJECTIVE
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 (`) 39.28 Crs
Month end AUM (`) 39.96 Crs
Minimum Investment ` 5,000/- & in multiples of ` 1/- thereafter
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
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$
SIP (Minimum) ` 500/month - 12 Installments` 1500/quarter - 4 Installments
RISk PROFILE 30 APRIL 2018Standard deviation 17.13%Sharpe@ 0.24 Beta 0.92 Portfolio Turnover (last 12 months) 0.79
NAV AS ON 30 APRIL 2018NAV (Per Unit) `Plan AGrowth 21.1600Dividend 16.1300Bonus 21.1600Plan B - DirectGrowth 22.0800Dividend 16.9700
TOTAL EXPENSE RATIOPlan A 3.00%Plan B (Direct) 2.31%
PORTFOLIO
Name of Instruments Ratings / Industries
% to Net Assets
EQUITY & EQUITY RELATED
Listed / awaiting listing on the stock exchanges
HDFC Bank Ltd. Banks 25.53%
Bharat Financial Inclusion Ltd. Finance 11.65%
ICICI Bank Ltd. Banks 11.37%
Kotak Mahindra Bank Ltd. Banks 8.33%
State Bank of India Banks 6.78%
Axis Bank Ltd. Banks 6.47%
Yes Bank Ltd. Banks 4.62%
Mahindra & Mahindra Financial Services Ltd.
Finance 3.96%
Cholamandalam Investment and Finance Company Ltd.
Finance 3.27%
Bank of Baroda Banks 2.61%
Shriram Transport Finance Company Ltd.
Finance 2.42%
City Union Bank Ltd. Banks 2.30%
Housing Development Finance Corporation Ltd.
Finance 1.41%
The Federal Bank Ltd. Banks 1.23%
DCB Bank Ltd. Banks 1.22%
The South Indian Bank Ltd. Banks 0.99%
Indian Bank Banks 0.97%
Karur Vysya Bank Ltd. Banks 0.95%
The Jammu & Kashmir Bank Ltd.
Banks 0.78%
Total 96.86%
CBLO / Reverse Repo Investments 3.61%
Total 3.61%
Cash & Cash Equivalents
Net Receivable/Payable -0.47%
Total -0.47%
Grand Total 100.00%
INDUSTRIES/RATINGS
74.15%
22.71%
3.14%
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
30th April, 2018
BARODA PIONEER MUTUAL FUND
Baroda Pioneer Balance Fund
Investors understand that their principal will be at Moderately High risk
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.
INVESTMENT OBJECTIVE
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 (`) 683.96 CrsMonth end AUM (`) 699.55 Crs
Minimum Investment ` 5,000/- & in multiples of ` 1/- thereafter
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
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$
SIP (Minimum) ` 500/month - 12 Installments` 1500/quarter - 4 Installments
RISk PROFILE 30 APRIL 2018Standard deviation 10.62%Sharpe@ 0.45 Beta 1.11 Portfolio Turnover (last 12 months) 1.18
NAV AS ON 30 APRIL 2018NAV (Per Unit) `Plan AGrowth 57.6400Dividend 18.3200Plan B - DirectGrowth 61.3500Dividend 20.2300
TOTAL EXPENSE RATIOPlan A 2.55%Plan B (Direct) 1.37%
$ 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
Name of Instruments Ratings / Industries
% to Net
Assets
EQUITY & EQUITY RELATED
Listed / awaiting listing on the stock exchanges
Tata Consultancy Services Ltd. Software 4.55%HDFC Bank Ltd. Banks 4.17%Maruti Suzuki India Ltd. Auto 2.65%Mahindra & Mahindra Financial Services Ltd.
Finance 2.64%
Mphasis Ltd. Software 2.37%Shriram Transport Finance Company Ltd.
Finance 2.19%
Supreme Industries Ltd. Industrial Products 2.18%Bharat Financial Inclusion Ltd. Finance 2.16%Bharat Forge Ltd. Industrial Products 2.10%
Kansai Nerolac Paints Ltd.Consumer Non Durables
2.08%
Cholamandalam Investment and Finance Company Ltd.
Finance 1.99%
Indraprastha Gas Ltd. Gas 1.95%Housing Development Finance Corporation Ltd.
Finance 1.88%
Motherson Sumi Systems Ltd. Auto Ancillaries 1.77%WABCO India Ltd. Auto Ancillaries 1.74%Pidilite Industries Ltd. Chemicals 1.65%
ICICI Bank Ltd. Banks 1.63%
Whirlpool of India Ltd.Consumer Durables
1.49%
Petronet LNG Ltd. Gas 1.46%
Emami Ltd.Consumer Non Durables
1.44%
NBCC (India) Ltd. Construction 1.42%
KEC International Ltd.Construction Project
1.42%
Grasim Industries Ltd. Cement 1.41%
Rallis India Ltd. Pesticides 1.36%Steel Authority of India Ltd. Ferrous Metals 1.33%Sun Pharmaceutical Industries Ltd.
Pharmaceuticals 1.32%
City Union Bank Ltd. Banks 1.31%Tech Mahindra Ltd. Software 1.25%
Larsen & Toubro Ltd.Construction Project
1.20%
Carborundum Universal Ltd. Industrial Products 1.20%
Sun TV Network Ltd.Media & Entertainment
1.13%
Bajaj Electricals Ltd.Consumer Durables
1.13%
Container Corporation of India Ltd.
Transportation 1.12%
Dabur India Ltd.Consumer Non Durables
1.11%
Security and Intelligence Services (I) Ltd.
Commercial Services
1.10%
GlaxoSmithKline Consumer Healthcare Ltd.
Consumer Non Durables
1.06%
The Federal Bank Ltd. Banks 1.05%IndusInd Bank Ltd. Banks 0.95%The Ramco Cements Ltd. Cement 0.94%HCL Technologies Ltd. Software 0.90%Divi's Laboratories Ltd. Pharmaceuticals 0.86%Tata Steel Ltd. Ferrous Metals 0.85%Bharti Airtel Ltd. Telecom - Services 0.82%The South Indian Bank Ltd. Banks 0.76%
GMR Infrastructure Ltd.Construction Project
0.73%
State Bank of India Banks 0.70%Tata Motors Ltd. Auto 0.63%Solar Industries India Ltd. Chemicals 0.61%MRF Ltd. Auto Ancillaries 0.57%Blue Dart Express Ltd. Transportation 0.42%Tata Steel Ltd. - Partly Paid Ferrous Metals 0.03%
Total 74.78%
MONEY MARkET INSTRUMENT
Commercial Paper**
IIFL Wealth Finance Ltd. CRISIL A1+ 0.71%
Total 0.71%
PORTFOLIO
Name of Instruments Ratings / Industries
% to Net
Assets
CENTRAL GOVERNMENT SECURITIES08.24% CGL 2027 Sovereign 0.19%07.88% CGL 2030 Sovereign 0.10%07.17% CGL 2028 Sovereign 0.06%08.28% CGL 2027 Sovereign 0.01%Total 0.36%
STATE GOVERNMENT SECURITIES09.72% SDL 2023 Sovereign 0.45%Total 0.45%
BONDS & NCDs
Listed / awaiting listing on the stock exchangesHDFC Bank Ltd. CRISIL AA+ 4.29%ICICI Bank Ltd. [ICRA]AA+ 3.56%Muthoot Finance Ltd. CRISIL AA 2.84%Dewan Housing Finance Corporation Ltd.
BWR AAA 2.45%
Bank of Baroda CRISIL AA+ 1.95%Indian Railway Finance Corporation Ltd.
CRISIL AAA 1.62%
PNB Housing Finance Ltd. IND AAA 1.55%Edelweiss Commodities Services Ltd.
CARE AA 1.01%
Vijaya Bank [ICRA]AA- 0.72%Tata Capital Financial Services Ltd. [ICRA]AA+ 0.71%
Total 20.70%
UnlistedIIFL Wealth Finance Ltd. [ICRA]AA 1.51%Total 1.51%
CBLO / Reverse Repo Investments 1.75%
Total 1.75%
Cash & Cash Equivalents
Net Receivable/Payable -0.26%
Total -0.26%
Grand Total 100.00%
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR.**Thinly traded / Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.
INDUSTRIES/RATINGS
10.86%10.57%
9.07%6.24%
5.69%5.48%
4.27%4.08%
3.41%3.35%3.28%2.84%2.62%2.45%2.35%2.26%2.21%2.18%
1.62%1.55%1.54%1.51%1.49%1.42%1.36%1.13%1.10%1.01%0.82%0.81%0.72%0.71%
FinanceBanks
SoftwareCRISIL AA+
Consumer Non DurablesIndustrial Products
[ICRA]AA+Auto Ancillaries
GasConstruction Project
AutoCRISIL AA
Consumer DurablesBWR AAA
CementChemicals
Ferrous MetalsPharmaceuticals
CRISIL AAAIND AAA
Transportation[ICRA]AA
Cash & EquivalentConstruction
PesticidesMedia & Entertainment
Commercial ServicesCARE AA
Telecom - ServicesSovereign[ICRA]AA-
CRISIL A1+
An Open Ended Balanced Scheme
10
30th April, 2018
BARODA PIONEER MUTUAL FUND
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.
INVESTMENT OBJECTIVE
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)
Monthly Average AUM (`) 24.88 Crs
Month end AUM (`) 24.57 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$
SIP (Minimum) ` 500/month - 12 Installments` 1500/quarter - 4 Installments
NAV AS ON 27 APRIL 2018
NAV (Per Unit) `Plan AGrowth 22.1952Dividend - Monthly 13.3829Dividend - Quarterly 12.9994Plan B - DirectGrowth 23.2403Dividend - Monthly 13.8108Dividend - Quarterly 13.4556
PORTFOLIO CHARACTERISTIC
Average Maturity (Days) 3309.90Modified Duration (Years) 6.02Portfolio Yield (%) 8.04
TOTAL EXPENSE RATIO
Plan A 2.07%Plan B (Direct) 1.24%
$ 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
Name of Instruments Ratings / Industries
% to Net
Assets
EQUITY & EQUITY RELATED
Listed / awaiting listing on the stock exchanges
MRF Ltd. Auto Ancillaries 1.62%
HDFC Bank Ltd. Banks 1.58%
Mahindra & Mahindra Financial Services Ltd.
Finance 1.39%
Tata Consultancy Services Ltd. Software 1.29%
Housing Development Finance Corporation Ltd.
Finance 1.15%
Pidilite Industries Ltd. Chemicals 0.85%
Maruti Suzuki India Ltd. Auto 0.72%
Sun TV Network Ltd.Media & Entertainment
0.71%
Shriram Transport Finance Company Ltd.
Finance 0.65%
Carborundum Universal Ltd.Industrial Products
0.61%
Kansai Nerolac Paints Ltd.Consumer Non Durables
0.61%
Dabur India Ltd.Consumer Non Durables
0.60%
ICICI Bank Ltd. Banks 0.58%
Nestle India Ltd.Consumer Non Durables
0.57%
Mahanagar Gas Ltd. Gas 0.54%
National Aluminium Company Ltd.
Non - Ferrous Metals
0.49%
Blue Star Ltd.Consumer Durables
0.49%
Infosys Ltd. Software 0.49%
Divi's Laboratories Ltd. Pharmaceuticals 0.49%
HCL Technologies Ltd. Software 0.43%
Container Corporation of India Ltd.
Transportation 0.37%
Petronet LNG Ltd. Gas 0.37%
Indraprastha Gas Ltd. Gas 0.35%
Tata Motors Ltd. Auto 0.35%
The Ramco Cements Ltd. Cement 0.33%
Lupin Ltd. Pharmaceuticals 0.33%
Engineers India Ltd.Construction Project
0.32%
Bharat Forge Ltd.Industrial Products
0.31%
Tech Mahindra Ltd. Software 0.14%
Tata Steel Ltd. - Partly Paid Ferrous Metals 0.02%
Total 18.75%
CENTRAL GOVERNMENT SECURITIES
07.17% CGL 2028 Sovereign 27.29%
06.68% CGL 2031 Sovereign 27.20%
07.59% CGL 2026 Sovereign 4.00%
08.24% CGL 2027 Sovereign 2.07%
07.59% CGL 2029 Sovereign 1.98%
Total 62.54%
BONDS & NCDs
Listed / awaiting listing on the stock exchanges
IndusInd Bank Ltd. CRISIL AA 6.06%
Power Finance Corporation Ltd.
CRISIL AAA 4.11%
Tata Capital Financial Services Ltd.
[ICRA]AA+ 4.01%
IIFL Facilities Services Ltd. [ICRA]AA 2.72%
Total 16.90%
PORTFOLIO
Name of Instruments Ratings / Industries
% to Net
Assets
CBLO / Reverse Repo Investments 0.16%
Total 0.16%
Cash & Cash Equivalents
Net Receivable/Payable 1.65%
Total 1.65%
Grand Total 100.00%
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR.
RATING PROFILE
62.54%
6.06%
4.11%
4.01%
3.19%
2.72%
2.35%
2.16%
1.81%
1.78%
1.62%
1.26%
1.07%
0.92%
0.85%
0.82%
0.71%
0.49%
0.49%
0.37%
0.33%
0.32%
0.02%
Sovereign
CRISIL AA
CRISIL AAA
[ICRA]AA+
Finance
[ICRA]AA
Software
Banks
Cash & Equivalent
Consumer Non Durables
Auto Ancillaries
Gas
Auto
Industrial Products
Chemicals
Pharmaceuticals
Media & Entertainment
Non - Ferrous Metals
Consumer Durables
Transportation
Cement
Construction Project
Ferrous Metals
INSTRUMENTS
62.54%
18.75%
16.90%
1.65%0.16% CENTRAL
GOVERNMENTSECURITIESEQUITY & EQUITYRELATED
BONDS & NCDs
Cash & CashEquivalents
CBLO / Reverse RepoInvestments
An Open Ended Income Scheme with no assured returns.(Monthly income is not assured and is subject to the availability of distributable surplus.)
11
30th April, 2018
BARODA PIONEER MUTUAL FUND
Baroda Pioneer Credit Opportunities Fund
Investors understand that their principal will be at Moderate risk
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.
INVESTMENT OBJECTIVE
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 (`)
958.01 Crs
Month end AUM (`) 961.88 CrsMinimum Investment ` 5,000/- & in multiples of ` 1/-
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$
SIP (Minimum) ` 500/month - 12 Installments` 1500/quarter - 4 Installments
PORTFOLIO CHARACTERISTIC
Average Maturity (Days) 892.20Modified Duration (Years) 1.76Portfolio Yield (%) 9.09
TOTAL EXPENSE RATIO
Plan A 1.56%Plan B (Direct) 0.80%
$ 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
Name of Instruments Ratings / Industries
% to Net
Assets
MONEY MARkET INSTRUMENT
Certificate of Deposit**
HDFC Bank Ltd. IND A1+ 1.07%
IndusInd Bank Ltd. CRISIL A1+ 0.97%
Total 2.04%
Commercial Paper**
Simplex Infrastructures Ltd. CARE A1 5.17%
Total 5.17%
CENTRAL GOVERNMENT SECURITIES
07.17% CGL 2028 Sovereign 2.09%
06.68% CGL 2031 Sovereign 0.98%
Total 3.07%
STATE GOVERNMENT SECURITIES
08.43% SDL 2028 Sovereign 1.05%
07.33% SDL 2027 Sovereign 0.59%
08.11% SDL 2028 Sovereign 0.34%
Total 1.98%
BONDS & NCDsListed / awaiting listing on the stock exchanges
Piramal Enterprises Ltd. [ICRA]AA 10.33%
Apollo Hospitals Enterprise Ltd. CRISIL AA 9.70%
Edelweiss Commodities Services Ltd.
[ICRA]AA 5.76%
Aspire Home Finance Corporation Ltd.
[ICRA]AA- 5.31%
IndusInd Bank Ltd. CRISIL AA 4.65%
IIFL Facilities Services Ltd. [ICRA]AA 4.11%
Dewan Housing Finance Corporation Ltd.
BWR AAA 4.09%
India Infoline Housing Finance Ltd.
CRISIL AA 3.67%
Edelweiss Commodities Services Ltd.
CARE AA 2.83%
Edelweiss Housing Finance Ltd. [ICRA]AA 2.65%
ICICI Bank Ltd. [ICRA]AA+ 2.59%
Yes Bank Ltd. [ICRA]AA 2.51%
Indiabulls Housing Finance Ltd. BWR AAA 2.09%
Indiabulls Housing Finance Ltd. CARE AAA 1.56%
Edelweiss Asset Reconstruction Company Ltd.
[ICRA]AA 1.15%
Indian Railway Finance Corporation Ltd.
CRISIL AAA 1.14%
Bank of Baroda CRISIL AA+ 1.11%
JSW Steel Ltd. CARE AA- 0.52%
Bank of Baroda CARE AA 0.10%
Total 65.87%
UnlistedARM Infra & Utilities Private Ltd. BWR A1+ (SO) 9.34%
IIFL Wealth Finance Ltd. [ICRA]AA 4.39%
Janalakshmi Financial Services Ltd. [ICRA]A- 1.83%
Powergrid Vizag Transmission Ltd.
CRISIL AAA (SO)
1.05%
Total 16.61%
CBLO /Reverse Repo investments 0.92%
Total 0.92%
Cash & Cash Equivalents
Net Receivable/Payable 4.34%
Total 4.34%
Grand Total 100.00%
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR.**Thinly traded / Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.
RATING PROFILE
30.90%
18.02%
9.34%
6.18%
5.31%
5.26%
5.17%
5.05%
2.93%
2.59%
1.83%
1.56%
1.14%
1.11%
1.07%
1.05%
0.97%
0.52%
[ICRA]AA
CRISIL AA
BWR A1+ (SO)
BWR AAA
[ICRA]AA-
Cash & Equivalent
CARE A1
Sovereign
CARE AA
[ICRA]AA+
[ICRA]A-
CARE AAA
CRISIL AAA
CRISIL AA+
IND A1+
CRISIL AAA (SO)
CRISIL A1+
CARE AA-
INSTRUMENTS
CBLO / Reverse RepoInvestments65.87%
16.61%
5.17%4.34%
3.07%2.04%
1.98%0.92%
BONDS & NCDsUnlistedCommercial PaperCash & CashEquivalentsCENTRALGOVERNMENTSECURITIESCertificate of DepositSTATE GOVERNMENTSECURITIES
NAV AS ON 27 APRIL 2018
NAV (Per Unit) `Plan AGrowth 13.4573Dividend - Quarterly 10.6484Dividend - Monthly 10.7761Plan B - Direct
Bonus 13.9858Growth 13.9858Dividend - Quarterly 11.0923Dividend - Monthly 11.2776
An Open Ended Debt Scheme
12
30th April, 2018
BARODA PIONEER MUTUAL FUND
Baroda Pioneer Gilt Fund
Investors understand that their principal will be at Moderate risk
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.
INVESTMENT OBJECTIVE
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 (`)
33.30 Crs
Month end AUM (`) 32.74 CrsMinimum Investment ` 5,000/- & in multiples of ` 1/-
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
Plans Plan A and Plan B (Direct)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$
SIP (Minimum) ` 500/month - 12 Installments` 1500/quarter - 4 Installments
NAV AS ON 27 APRIL 2018
NAV (Per Unit) `Plan AGrowth 26.2569Dividend 18.6195Plan B - DirectGrowth 27.5545Dividend 23.8546
PORTFOLIO CHARACTERISTIC
Average Maturity (Days) 3529.50Modified Duration (Years) 6.52Portfolio Yield (%) 7.90
TOTAL EXPENSE RATIO
Plan A 1.93%
Plan B (Direct) 1.09%
PORTFOLIO
Name of Instruments Ratings / Industries
% to Net Assets
CENTRAL GOVERNMENT SECURITIES
07.17% CGL 2028 Sovereign 26.37%
06.68% CGL 2031 Sovereign 20.17%
08.24% CGL 2027 Sovereign 9.94%
07.59% CGL 2029 Sovereign 8.34%
08.28% CGL 2027 Sovereign 7.49%
06.79% CGL 2027 Sovereign 2.84%
07.59% CGL 2026 Sovereign 1.50%
07.88% CGL 2030 Sovereign 0.18%
Total 76.83%
STATE GOVERNMENT SECURITIES
07.33% SDL 2027 Sovereign 11.52%
09.39% SDL 2023 Sovereign 8.01%
Total 19.53%
CBLO / Reverse Repo Investments 2.40%
Total 2.40%
Cash & Cash Equivalents
Net Receivable/Payable 1.24%
Total 1.24%
Grand Total 100.00%
RATING PROFILE
96.36%
3.64%
Sovereign
Cash & Equivalent
INSTRUMENTS
76.83%
19.53%
2.40% 1.24% CENTRALGOVERNMENTSECURITIES
STATE GOVERNMENTSECURITIES
CBLO / Reverse RepoInvestments
Cash & 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 Gilt Scheme
13
30th April, 2018
BARODA PIONEER MUTUAL FUND
Baroda Pioneer Income Fund
Investors understand that their principal will be at Moderate risk
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.
INVESTMENT OBJECTIVE
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 (`)
18.09 Crs
Month end AUM (`) 17.76 CrsMinimum Investment ` 5,000/- & in multiples of ` 1/-
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
Plans Plan A and Plan B (Direct)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$
SIP (Minimum) ` 500/month - 12 Installments` 1500/quarter - 4 Installments
NAV AS ON 27 APRIL 2018
NAV (Per Unit) `Plan AGrowth 25.9281Dividend 21.1232Plan B - DirectGrowth 27.0508Dividend 21.4690
PORTFOLIO CHARACTERISTIC
Average Maturity (Days) 2572.20Modified Duration (Years) 4.92Portfolio Yield (%) 8.44
TOTAL EXPENSE RATIO
Plan A 2.46%Plan B (Direct) 1.88%
PORTFOLIO
Name of Instruments Ratings / Industries
% to Net Assets
CENTRAL GOVERNMENT SECURITIES
06.68% CGL 2031 Sovereign 15.07%
07.59% CGL 2026 Sovereign 13.85%
06.79% CGL 2027 Sovereign 10.48%
07.59% CGL 2029 Sovereign 2.75%
Total 42.15%
STATE GOVERNMENT SECURITIES
09.35% SDL 2024 Sovereign 4.47%
08.58% SDL 2023 Sovereign 4.05%
09.39% SDL 2023 Sovereign 2.56%
08.60% SDL 2023 Sovereign 0.76%
Total 11.84%
BONDS & NCDs
Listed / awaiting listing on the stock exchanges
IndusInd Bank Ltd. CRISIL AA 11.20%
Edelweiss Commodities Services Ltd.
[ICRA]AA 11.14%
Dewan Housing Finance Corporation Ltd.
BWR AAA 10.19%
Indian Railway Finance Corporation Ltd.
CRISIL AAA 9.75%
Total 42.28%
CBLO / Reverse Repo Investments 0.87%
Total 0.87%
Cash & Cash Equivalents
Net Receivable/Payable 2.86%
Total 2.86%
Grand Total 100.00%
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR.
RATING PROFILE
53.99%
11.20%
11.14%
10.19%
9.75%
3.73%
Sovereign
CRISIL AA
[ICRA]AA
BWR AAA
CRISIL AAA
Cash & Equivalent
INSTRUMENTS
42.28%
42.15%
11.84%2.86%
0.87% BONDS & NCDs
CENTRALGOVERNMENTSECURITIES
STATEGOVERNMENTSECURITIES
Cash & CashEquivalents
CBLO / Reverse RepoInvestments
$ 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
30th April, 2018
BARODA PIONEER MUTUAL FUND
Baroda Pioneer Dynamic Bond Fund
Investors understand that their principal will be at Moderate risk
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.
INVESTMENT OBJECTIVE
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
Date of Allotment June 30, 2012
Fund Manager Mr. Alok Sahoo# (Experience 17 yrs), Ms. Hetal Shah# (Experience 15 yrs)
Benchmark CRISIL Composite Bond Fund Index
Monthly Average AUM (`) 21.81 Crs
Month end AUM (`) 21.87 Crs
Minimum Investment ` 5,000/- & in multiples of ` 1/- thereafter
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
Plans Plan A and Plan B (Direct)
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$
SIP (Minimum) ` 500/month - 12 Installments` 1500/quarter - 4 Installments
NAV AS ON 27 APRIL 2018
NAV (Per Unit) `Plan AGrowth 16.2759Dividend 12.4147Plan B - DirectGrowth 16.9882Dividend 13.0919
PORTFOLIO CHARACTERISTIC
Average Maturity (Days) 2448.00Modified Duration (Years) 4.67Portfolio Yield (%) 8.42
TOTAL EXPENSE RATIO
Plan A 1.61%
Plan B (Direct) 1.09%
PORTFOLIO
Name of Instruments Ratings / Industries
% to Net Assets
CENTRAL GOVERNMENT SECURITIES
07.17% CGL 2028 Sovereign 17.55%
08.28% CGL 2027 Sovereign 11.68%
06.79% CGL 2027 Sovereign 8.51%
06.68% CGL 2031 Sovereign 6.12%
07.59% CGL 2029 Sovereign 5.35%
07.59% CGL 2026 Sovereign 4.50%
Total 53.71%
STATE GOVERNMENT SECURITIES
09.72% SDL 2023 Sovereign 9.69%
Total 9.69%
BONDS & NCDs
Listed / awaiting listing on the stock exchanges
Aspire Home Finance Corporation Ltd.
[ICRA]AA- 9.27%
Dewan Housing Finance Corporation Ltd.
BWR AAA 9.20%
Edelweiss Asset Reconstruction Company Ltd.
[ICRA]AA 9.19%
IndusInd Bank Ltd. CRISIL AA 2.27%
Total 29.93%
CBLO / Reverse Repo Investments 3.30%
Total 3.30%
Cash & Cash Equivalents
Net Receivable/Payable 3.37%
Total 3.37%
Grand Total 100.00%
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR.
RATING PROFILE
63.40%
9.27%
9.20%
9.19%
6.67%
2.27%
Sovereign
[ICRA]AA-
BWR AAA
[ICRA]AA
Cash & Equivalent
CRISIL AA
INSTRUMENTS
53.71%
29.93%
9.69%
3.37% 3.30% CENTRALGOVERNMENTSECURITIES
BONDS & NCDs
STATE GOVERNMENTSECURITIES
Cash & CashEquivalents
CBLO / Reverse RepoInvestments
$ 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
15
30th April, 2018
BARODA PIONEER MUTUAL FUND
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.
INVESTMENT OBJECTIVE
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
Date of Allotment June 30, 2010
Fund Manager Mr. Alok Sahoo# (Experience 17 yrs), Ms. Hetal Shah# (Experience 15 yrs)
Benchmark CRISIL Short Term Bond Fund Index
Monthly Average AUM (`) 247.51 Crs
Month end AUM (`) 263.34 Crs
Minimum Investment ` 5,000/- & in multiples of ` 1/- thereafter
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
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)
SIP (Minimum) ` 500/month - 12 Installments` 1500/quarter - 4 Installments
NAV AS ON 27 APRIL 2018
NAV (Per Unit) `Plan AGrowth 18.5101Dividend 10.0720Plan B - DirectGrowth 19.1207Dividend 10.0525
PORTFOLIO CHARACTERISTIC
Average Maturity (Days) 377.40Modified Duration (Years) 0.89Portfolio Yield (%) 8.36
TOTAL EXPENSE RATIO
Plan A 1.30%
Plan B (Direct) 0.57%
PORTFOLIO
Name of Instruments Ratings / Industries
% to Net Assets
MONEY MARkET INSTRUMENT
Certificate of Deposit**
Axis Bank Ltd. CRISIL A1+ 11.27%
Andhra Bank IND A1+ 5.64%
HDFC Bank Ltd. IND A1+ 3.78%
Total 20.69%
BONDS & NCDs
Listed / awaiting listing on the stock exchanges
Indiabulls Housing Finance Ltd. CARE AAA 11.42%
Manappuram Finance Ltd. CRISIL AA- 10.76%
PNB Housing Finance Ltd. IND AAA 8.98%
Tata Capital Financial Services Ltd.
[ICRA]AA+ 7.12%
Edelweiss Commodities Services Ltd.
[ICRA]AA 5.64%
Edelweiss Asset Reconstruction Company Ltd.
[ICRA]AA 3.82%
India Infoline Finance Ltd. [ICRA]AA 2.36%
Piramal Enterprises Ltd. [ICRA]AA 1.89%
L&T Finance Ltd. [ICRA]AA+ 1.88%
Edelweiss Commodities Services Ltd.
CARE AA 1.53%
Aspire Home Finance Corporation Ltd.
CRISIL A+ 1.52%
Aspire Home Finance Corporation Ltd.
[ICRA]AA- 0.77%
Power Grid Corporation of India Ltd.
CRISIL AAA 0.19%
Total 57.88%
Unlisted
IIFL Wealth Finance Ltd. [ICRA]AA 10.01%
Janalakshmi Financial Services Ltd.
[ICRA]A- 2.60%
Total 12.61%
CBLO / Reverse Repo Investments 5.10%
Total 5.10%
Cash & Cash Equivalents
Net Receivable/Payable 3.72%
Total 3.72%
Grand Total 100.00%
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR.**Thinly traded / Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.
RATING PROFILE
23.72%
11.42%
11.27%
10.76%
9.42%
9.00%
8.98%
8.82%
2.60%
1.53%
1.52%
0.77%
0.19%
[ICRA]AA
CARE AAA
CRISIL A1+
CRISIL AA-
IND A1+
[ICRA]AA+
IND AAA
Cash & Equivalent
[ICRA]A-
CARE AA
CRISIL A+
[ICRA]AA-
CRISIL AAA
INSTRUMENTS
57.88%
20.69%
12.61%
5.10% 3.72% BONDS & NCDs
Certificate of Deposit
Unlisted
CBLO / Reverse RepoInvestments
Cash & CashEquivalents
An Open Ended Income Scheme
^ 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
30th April, 2018
BARODA PIONEER MUTUAL FUND
[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.
INVESTMENT OBJECTIVE
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
Date of Allotment June 24, 2009
Fund Manager Mr. Alok Sahoo#
(Experience 17 yrs), Ms. Hetal Shah#
(Experience 15 yrs)
Benchmark CRISIL Liquid Fund Index
Monthly Average AUM (`)
1,924.39 Crs
Month end AUM (`) 1,921.75 Crs
Minimum Investment ` 5,000/- & in multiples of ` 1/- thereafter
Entry Load NA
Exit Load Nil
Plans Plan A and Plan B (Direct)
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
PORTFOLIO CHARACTERISTIC
Average Maturity (Days) 324.30Modified Duration (Years) 0.74Portfolio Yield (%) 7.79
TOTAL EXPENSE RATIO
Plan A 0.81%
Plan B (Direct) 0.52%
PORTFOLIOName of Instruments Ratings /
Industries% to
Net Assets
MONEY MARkET INSTRUMENT
Certificate of Deposit**
Axis Bank Ltd. CRISIL A1+ 11.83%
HDFC Bank Ltd. IND A1+ 9.92%
Andhra Bank IND A1+ 6.69%
ICICI Bank Ltd. [ICRA]A1+ 5.06%
Vijaya Bank CARE A1+ 2.58%
IndusInd Bank Ltd. CRISIL A1+ 1.50%
IDFC Bank Ltd. [ICRA]A1+ 0.26%
Total 37.84%
Commercial Paper**
National Bank for Agriculture and Rural Development
CRISIL A1+ 9.00%
IIFL Wealth Finance Ltd. CRISIL A1+ 6.69%
Reliance Industries Ltd. CRISIL A1+ 2.44%
Total 18.13%
BONDS & NCDs
Listed / awaiting listing on the stock exchanges
Indiabulls Housing Finance Ltd. CARE AAA 8.08%
Dewan Housing Finance Corporation Ltd.
BWR AAA 6.59%
Piramal Enterprises Ltd. [ICRA]AA 4.91%
Yes Bank Ltd. [ICRA]AA 2.52%
Manappuram Finance Ltd. CRISIL AA- 2.47%
Aspire Home Finance Corporation Ltd.
[ICRA]AA- 2.43%
Edelweiss Commodities Services Ltd.
CARE AA 1.94%
Power Finance Corporation Ltd. CRISIL AAA 1.78%
IndusInd Bank Ltd. CRISIL AA 1.34%
Bank of Baroda CARE AA 1.25%
Aspire Home Finance Corporation Ltd.
CRISIL A+ 1.10%
Muthoot Finance Ltd. CRISIL AA 0.77%
India Infoline Finance Ltd. [ICRA]AA 0.49%
Apollo Hospitals Enterprise Ltd. CRISIL AA 0.42%
Indiabulls Housing Finance Ltd. BWR AAA 0.26%
Power Grid Corporation of India Ltd.
CRISIL AAA 0.23%
Edelweiss Asset Reconstruction Company Ltd.
[ICRA]AA 0.10%
Edelweiss Commodities Services Ltd.
[ICRA]AA 0.10%
Total 36.78%
Unlisted
ARM Infra & Utilities Private Ltd.BWR A1+ (SO)
4.68%
Total 4.68%
CBLO / Reverse Repo Investments 0.01%
Total 0.01%
Cash & Cash Equivalents
Net Receivable/Payable 2.56%
Total 2.56%
Grand Total 100.00%
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR.**Thinly traded / Non traded securities and illiquid securities asdefined in SEBI Regulations and Guidelines.
RATING PROFILE
31.46%
16.61%
8.12%
8.08%
6.85%
5.32%
4.68%
3.19%
2.58%
2.57%
2.53%
2.47%
2.43%
2.01%
1.10%
CRISIL A1+
IND A1+
[ICRA]AA
CARE AAA
BWR AAA
[ICRA]A1+
BWR A1+ (SO)
CARE AA
CARE A1+
Cash & Equivalent
CRISIL AA
CRISIL AA-
[ICRA]AA-
CRISIL AAA
CRISIL A+
INSTRUMENTS
37.84%
36.78%
18.13%
4.68%2.56%
0.01%Certificate of Deposit
BONDS & NCDs
Commercial Paper
Unlisted
Cash & CashEquivalents
CBLO / Reverse RepoInvestments
NAV AS ON 27 APRIL 2018
NAV (Per Unit) `Regular
Growth 1988.6318
Dividend - Daily 1005.7073
Dividend - Weekly 999.9702
Dividend - Monthly 1006.8113
Plan A
Bonus 2024.4145
Growth 2039.1613
Dividend - Daily 1029.8003
Dividend - Weekly 999.9479
Dividend - Monthly 1006.8113
Dividend - Quarterly 1034.2727
Plan B - Direct
Growth 2074.3335
Dividend - Daily 1008.0921
Dividend - Weekly 999.9830
Dividend - Monthly 1007.0720
Dividend - Quarterly 1043.0354
An Open Ended Debt Scheme
17
30th April, 2018
BARODA PIONEER MUTUAL FUND
[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
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.
INVESTMENT OBJECTIVE
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 (`)&
6,294.73 Crs
Month end AUM (`) 6,144.74 Crs
Minimum Investment ` 5,000/- & in multiples of ` 1/- thereafter
Entry Load NA
Exit Load Nil
Plans Plan A and Plan B (Direct)
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
PORTFOLIO CHARACTERISTIC
Average Maturity (Days) 35.10Modified Duration (Years) 0.10Portfolio Yield (%) 7.04
TOTAL EXPENSE RATIOPlan A 0.25%
Plan B (Direct) 0.15%
PORTFOLIO
Name of Instruments Ratings / Industries
% to Net
Assets
MONEY MARkET INSTRUMENT
Certificate of Deposit**
Axis Bank Ltd. CRISIL A1+ 3.38%
The South Indian Bank Ltd. CARE A1+ 3.22%
IDFC Bank Ltd. [ICRA]A1+ 2.28%
Bandhan Bank Ltd. [ICRA]A1+ 1.62%
HDFC Bank Ltd. IND A1+ 0.89%
Andhra Bank IND A1+ 0.89%
Total 12.28%
Commercial Paper**
Export-Import Bank of India CRISIL A1+ 6.49%
India Infoline Housing Finance Ltd. CRISIL A1+ 6.45%
SREI Equipment Finance Ltd. [ICRA]A1+ 6.43%
Piramal Enterprises Ltd. [ICRA]A1+ 5.76%
Edelweiss Commodities Services Ltd. [ICRA]A1+ 4.84%
IIFL Wealth Finance Ltd. CRISIL A1+ 4.76%
Power Finance Corporation Ltd. CRISIL A1+ 3.62%
Tata Capital Financial Services Ltd. CRISIL A1+ 3.24%
Aditya Birla Finance Ltd. [ICRA]A1+ 3.24%
Simplex Infrastructures Ltd. CARE A1 3.23%
Gruh Finance Ltd. CRISIL A1+ 3.23%
Tata Capital Housing Finance Ltd. CRISIL A1+ 3.22%
Indian Oil Corporation Ltd. [ICRA]A1+ 2.43%
Reliance Jio Infocomm Ltd. CRISIL A1+ 2.43%
Muthoot Homefin (I) Ltd. [ICRA]A1+ 2.42%
Nabha Power Ltd. CRISIL A1+ 2.42%
IIFL Facilities Services Ltd. CRISIL A1+ 2.35%National Bank for Agriculture and Rural Development
CRISIL A1+ 2.00%
Housing Development Finance Corporation Ltd.
CARE A1+ 1.62%
Muthoot Fincorp Ltd. CRISIL A1 1.62%
India Infoline Finance Ltd. CRISIL A1+ 1.54%
Indiabulls Housing Finance Ltd. CRISIL A1+ 1.54%Small Industries Development Bank of India
CRISIL A1+ 0.81%
Kotak Commodity Services Private Ltd. [ICRA]A1+ 0.40%
Total 76.09%
Fixed Deposit
Equitas Small Finance Bank Ltd. Unrated 2.85%
RBL Bank Ltd. Unrated 2.85%
Bandhan Bank Ltd. Unrated 1.63%
Ujjivan Small Finance Bank Ltd. Unrated 1.63%
Yes Bank Ltd. Unrated 0.73%
Total 9.69%
BONDS & NCDs
Listed / awaiting listing on the stock exchanges
Piramal Enterprises Ltd. [ICRA]AA 0.41%
Total 0.41%
CBLO /Reverse Repo investments 1.37%
Total 1.37%
Cash & Cash Equivalents
Net Receivable/Payable 0.16%
Total 0.16%
Grand Total 100.00%
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR.**Thinly traded / Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.
RATING PROFILE
47.48%
29.42%
9.69%
4.84%
3.23%
1.78%
1.62%
1.53%
0.41%
CRISIL A1+
[ICRA]A1+
Unrated
CARE A1+
CARE A1
IND A1+
CRISIL A1
Cash & Equivalent
[ICRA]AA
INSTRUMENTS
76.09%
12.28%
9.69%1.37%
0.41%0.16%
Commercial Paper
Certificate of Deposit
Fixed Deposit
CBLO / Reverse RepoInvestments
BONDS & NCDs
Cash & CashEquivalents
NAV AS ON 27 APRIL 2018
NAV (Per Unit) `RegularGrowth 2941.9067
Dividend 2520.4965Dividend - Daily 1006.0602Plan AGrowth 1999.2623Dividend - Daily 1001.1996Dividend - Weekly 1001.0621Plan B - DirectBonus 2009.6137Growth 2009.2673Dividend - Daily 1002.0849Dividend - Weekly 1220.5464
An Open Ended Liquid Scheme
18
30th April, 2018
BARODA PIONEER MUTUAL FUND
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 %)^ 10.11 10.24 15.93 17.20
S&P BSE 200 (Scheme Benchmark) (in %)* 17.04 12.83 16.24 16.80
Nifty 50 (Standard Benchmark) (in %)$ 16.91 10.89 14.03 16.58
` 10,000, if invested in BPGF, would have become ` 11,011 ` 13,402 ` 20,947 ` 1,02,140
` 10,000, if invested in S&P BSE 200, would have become ` 11,704 ` 14,367 ` 21,230 ` 97,098
` 10,000, if invested in Nifty 50, would have become ` 11,691 ` 13,640 ` 19,286 ` 94,453
^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 April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. * with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 12 Sep 2003 to 29 June 2007, and TRI values since 29 June 2007.
Date Of Inception: 31/03/19961 Year 3 Years 5 Years
Since InceptionScheme Name & Benchmark
Baroda Pioneer ELSS’ 96 Fund (in %)^ 9.94 9.70 16.22 12.92
S&P BSE 200 (Scheme Benchmark) (in %)* 17.04 12.83 16.24 13.32
Nifty 50 (Standard Benchmark) (in %)$ 16.91 10.89 14.03 13.02
`10,000, if invested in BPELSS’96F, would have become ` 10,994 ` 13,203 ` 21,215 ` 1,46,578
`10,000, if invested in S&P BSE 200, would have become ` 11,704 ` 14,367 ` 21,230 ` 1,58,357
`10,000, if invested in Nifty 50, would have become ` 11,691 ` 13,640 ` 19,286 ` 1,49,340
^Past performance may or may not be sustained in the future.Data is for Dividend Option and the last working day of April 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. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. * with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 31 Mar 1996 to 29 June 2007, and TRI values since 29 June 2007.
Date Of Inception: 12/09/20031 Year 3 Years 5 Years
Since InceptionScheme Name & Benchmark
Baroda Pioneer Balance Fund (in %)^ 10.85 10.73 13.89 12.71
CRISIL Hybrid 35+65 - Aggressive index& (Scheme Benchmark) (in %) 12.39 11.20 13.50 13.78
Nifty 50 (Standard Benchmark) (in %)$ 16.91 10.89 14.03 16.58
`10,000, if invested in BPBF, would have become ` 11,085 ` 13,582 ` 19,169 ` 57,640
`10,000, if invested in CRISIL Hybrid 35+65 - Aggressive index (effective February 1, 2018), would have become ` 11,239 ` 13,756 ` 18,840 ` 66,176
`10,000, if invested in Nifty 50, would have become ` 11,691 ` 13,640 ` 19,286 ` 94,453
^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 April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015. &(Benchmark has been renamed effective February 1, 2018).The equity component of the index has been changed from Nifty 50 to S&P BSE 200. The index will be total return index in the equity component from August 1, 2016 while the debt component will be total return since inception. Price return of S&P BSE 200 (equity component) will be used for computing index values prior to August 1, 2016.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).
Date Of Inception: 04/10/20101 Year 3 Years 5 Years
Since InceptionScheme Name & Benchmark
Baroda Pioneer Mid-Cap Fund (in %)^ 17.35 8.47 8.30 0.56
S&P BSE MidCap (Scheme Benchmark)& (in %) 15.91 19.18 23.46 11.45
Nifty 50 (Standard Benchmark) (in %)$ 16.91 10.89 14.03 8.90
`10,000, if invested in BPMCF, would have become ` 11,735 ` 12,766 ` 14,900 ` 10,430
`10,000, if invested in S&P BSE MidCap, would have become ` 11,591 ` 16,937 ` 28,696 ` 22,739
`10,000, if invested in Nifty 50, would have become ` 11,691 ` 13,640 ` 19,286 ` 19,079
^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 April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme with Mr. Dipak Acharya effective October 3, 2016. & (Scheme Benchmark has been changed to S&B BSE Mid-cap Index effective October 3, 2016)Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).
19
30th April, 2018
BARODA PIONEER MUTUAL FUND
Investment Performance
Funds Managed by Mr. Sanjay Chawla & Mr. Dipak Acharya
Date Of Inception: 22/06/20101 Year 3 Years 5 Years
Since InceptionScheme Name & Benchmark
Baroda Pioneer Large Cap Fund (in %)^ 5.98 6.10 13.76 4.31
Nifty 100 (Scheme Benchmark)& (in %) 16.91 12.09 15.31 11.41
Nifty 50 (Standard Benchmark) (in %)$ 16.91 10.89 14.03 10.66
`10,000, if invested in BPLCF, would have become ` 10,598 ` 11,947 ` 19,056 ` 13,930
`10,000, if invested in Nifty 100, would have become ` 11,691 ` 14,088 ` 20,392 ` 23,384
`10,000, if invested in Nifty 50, would have become ` 11,691 ` 13,640 ` 19,286 ` 22,178
^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 April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme with Mr. Dipak Acharya effective October 3, 2016. &(Scheme Benchmark has been changed to Nifty 100 effective October 3, 2016)Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).
Funds Managed by Mr. Dipak AcharyaDate Of Inception: 22/06/2012
1 Year 3 Years 5 YearsSince
InceptionScheme Name & Benchmark
Baroda Pioneer Banking and Financial Services Fund (in %)^ 5.40 10.03 12.57 13.65
Nifty Bank Index (Scheme Benchmark) (in %) 14.84 12.56 16.28 18.23
Nifty 50 (Standard Benchmark) (in %)$ 16.91 10.89 14.03 14.75
`10,000, if invested in BPBFSF, would have become ` 10,540 ` 13,325 ` 18,085 ` 21,160
`10,000, if invested in Nifty Bank Index, would have become ` 11,484 ` 14,266 ` 21,267 ` 26,668
`10,000, if invested in Nifty 50, would have become ` 11,691 ` 13,640 ` 19,286 ` 22,383
^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 April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).
Date Of Inception: 30/06/20101 Year 3 Years 5 Years
Since InceptionScheme Name & Benchmark
Baroda Pioneer Short Term Bond Fund (in %)^ 6.56 8.24 8.34 8.18
CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 5.53 7.62 8.28 8.12
CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 6.13 6.91 6.97 6.89
`10,000, if invested in BPSTBF, would have become ` 10,656 ` 12,676 ` 14,920 ` 18,510
`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become ` 10,553 ` 12,460 ` 14,876 ` 18,433
`10,000, if invested in CRISIL 1 year T-Bill, would have become ` 10,613 ` 12,216 ` 14,001 ` 16,854
^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 April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.
Funds Managed by Mr. Alok Sahoo and Ms. Hetal Shah
20
Date Of Inception: 05/02/2009 1 Year 3 Years 5 Years
Since InceptionScheme Name & Benchmark
Baroda Pioneer Liquid Fund (in %)^ 6.82 7.42 8.11 7.80
CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 6.85 7.29 8.05 7.43
CRISIL 1 year T-Bill (Standard Benchmark) (in%)$ 6.13 6.91 6.97 6.21
`10,000, if invested in BPLF, would have become ` 10,682 ` 12,391 ` 14,763 ` 19,993
`10,000, if invested in CRISIL Liquid Fund Index, would have become ` 10,685 ` 12,347 ` 14,722 ` 19,377
`10,000, if invested in CRISIL 1 year T-Bill, would have become ` 10,613 ` 12,216 ` 14,001 ` 17,433
^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 April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `1000 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.
30th April, 2018
BARODA PIONEER MUTUAL FUND
Investment Performance
Funds Managed by Mr. Alok Sahoo and Ms. Hetal Shah
Date Of Inception: 24/06/2009 1 Year 3 Years 5 Years
Since InceptionScheme Name & Benchmark
Baroda Pioneer Treasury Advantage Fund (in %)^ 6.96 8.33 8.69 8.39
CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 6.85 7.29 8.05 7.47
CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 6.13 6.91 6.97 6.32
`10,000, if invested in BPTAF, would have become ` 10,696 ` 12,706 ` 15,163 ` 20,392
`10,000, if invested in CRISIL Liquid Fund Index, would have become ` 10,685 ` 12,347 ` 14,722 ` 18,909
`10,000, if invested CRISIL 1 year T-Bill, would have become ` 10,613 ` 12,216 ` 14,001 ` 17,201
^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 April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `1000 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.
Date of Inception: 23/01/20151 Year 3 Year Since Inception
Scheme Name & Benchmark
Baroda Pioneer Credit Opportunities Fund (in %)^ 6.77 9.30 9.54
CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 5.53 7.62 7.68
CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 6.13 6.91 6.98
`10,000, if invested in BPCOF, would have become ` 10,677 ` 13,052 ` 13,457
`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become ` 10,553 ` 12,460 ` 12,729
`10,000, if invested CRISIL 1 year T-Bill, would have become ` 10,613 ` 12,216 ` 12,459
^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 April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. The Scheme has been in existence for 3 years but less than 5 years.Mr. Karn Kumar is managing the scheme along with Mr. Alok Sahoo since July 24, 2017.
Date Of Inception: 08/09/2004 1 Year 3 Years 5 Years
Since InceptionScheme Name & Benchmark
Baroda Pioneer Monthly Income Plan (MIP) Fund (in %)^* 4.26 6.18 8.10 6.02
CRISIL Hybrid 85+15 - Conservative Index& (Scheme Benchmark) (in %) 5.63 8.45 9.21 8.55
CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ -1.01 5.74 5.59 5.56
`10,000, if invested in BPMIPF, would have become ` 10,426 ` 11,968 ` 14,754 ` 22,195
`10,000, if invested in CRISIL Hybrid 85+15 - Conservative Index, would have become ` 10,563 ` 12,749 ` 15,526 ` 30,621
`10,000, if invested in CRISIL 10 Year Gilt Index, would have become ` 9,899 ` 11,819 ` 13,121 ` 20,925
^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 April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. &(Benchmark has been renamed effective February 1, 2018).The equity component of the index has been changed from Nifty 50 to S&P BSE 200. The index will be total return index in the equity component from August 1, 2016 while the debt component will be total return since inception. Price return of S&P BSE 200 (equity component) will be used for computing index values prior to August 1, 2016.
Funds Managed by Ms. Hetal Shah
21
*Monthly income is not assured and is subject to the availability of distributable surplus.
Date of Inception: 30/06/20121 Year 3 Years 5 Years
Since InceptionScheme Name & Benchmark
Baroda Pioneer Dynamic Bond Fund (in %)^ 4.25 7.71 8.12 8.72
CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 3.70 7.57 7.87 8.34
CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 6.13 6.91 6.97 7.18
`10,000, if invested in BPDBF, would have become ` 10,425 ` 12,492 ` 14,771 ` 16,276
`10,000, if invested in CRISIL Composite Bond Fund Index, would have become ` 10,370 ` 12,442 ` 14,596 ` 15,949
`10,000, if invested CRISIL 1 year T-Bill, would have become ` 10,613 ` 12,216 ` 14,001 ` 14,981
^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 April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.
Funds Managed by Mr. Alok Sahoo and Mr. karn kumar
30th April, 2018
BARODA PIONEER MUTUAL FUND
Investment Performance
Funds Managed by Ms. Hetal Shah
Date Of Inception: 21/03/20021 Year 3 Years 5 Years
Since InceptionScheme Name & Benchmark
Baroda Pioneer Income Fund (in %)^ 1.88 5.92 6.75 6.09
CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 3.70 7.57 7.87 6.89
CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ -1.01 5.74 5.59 6.29
`10,000, if invested in BPIF, would have become ` 10,188 ` 11,880 ` 13,860 ` 25,928
`10,000, if invested in CRISIL Composite Bond Fund Index, would have become ` 10,370 ` 12,442 ` 14,596 ` 29,257
`10,000, if invested in CRISIL 10 Year Gilt Index, would have become ` 9,899 ` 11,819 ` 13,121 ` 26,719
^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 April 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.
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
Date Of Inception: 21/03/20021 Year 3 Years 5 Years
Since InceptionScheme Name & Benchmark
Baroda Pioneer Gilt Fund (in %)^ 1.86 5.95 7.05 6.17
I-Sec Mi-BEX (Scheme Benchmark) (in %) 4.18 7.71 8.09 7.59
CRISIL 10 Year Gilt Index (Standard Benchmark)$ -1.01 5.74 5.59 6.29
`10,000, if invested in BPGF, would have become ` 10,186 ` 11,889 ` 14,052 ` 26,257
`10,000, if invested in I-Sec Mi-BEX, would have become ` 10,418 ` 12,491 ` 14,748 ` 32,515
`10,000, if invested in CRISIL 10 Year Gilt Index, would have become ` 9,899 ` 11,819 ` 13,121 ` 26,719
^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 April 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.
30th April, 2018
BARODA PIONEER MUTUAL FUND
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 17,60,000
Total Value as on Apr 30, 2018 (Rs) 1,25,435 4,40,263 8,61,737 13,88,981 23,05,764 52,84,510
Returns (%) 8.57 13.55 14.48 14.13 12.55 13.81
Total Values of S&P BSE 200* (Rs) 1,29,092 4,60,955 8,91,611 14,56,030 25,26,711 54,61,557
S&P BSE 200* Returns (%) 14.46 16.77 15.87 15.45 14.26 14.20
Total Value of Nifty 50 (Rs) 1,28,627 4,49,582 8,42,764 13,59,145 23,29,850 51,11,626
Nifty 50 Returns (%) 13.71 15.02 13.58 13.52 12.74 13.41
Baroda Pioneer ELSS’ 96 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 26,40,000
Total Value as on Apr 30, 2018 (Rs) 1,25,806 4,41,188 8,58,901 13,98,142 23,38,339 1,51,71,360
Returns (%) 9.17 13.70 14.35 14.31 12.81 13.83
Total Values of S&P BSE 200* (Rs) 1,29,092 4,60,955 8,91,611 14,56,030 25,26,711 1,82,21,436
S&P BSE 200 * Returns (%) 14.46 16.77 15.87 15.45 14.26 15.16
Total Value of Nifty 50 (Rs) 1,28,627 4,49,582 8,42,764 13,59,145 23,29,850 1,63,09,627
Nifty 50 Returns (%) 13.71 15.02 13.58 13.52 12.74 14.36
Baroda Pioneer Large CapFund
1 Year 3 Years 5 Years 7 Years Since Inception
Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 8,40,000 9,50,000
Total Value as on Apr 30, 2018 (Rs) 1,22,857 4,17,842 8,06,608 12,37,501 13,90,889
Returns (%) 4.48 9.95 11.80 10.89 9.43
Total Values of Nifty 100^^ (Rs) 1,28,780 4,56,110 8,70,517 14,19,997 16,60,472
Nifty 100^^ Returns (%) 13.96 16.03 14.89 14.75 13.77
Total Value of Nifty 50 (Rs) 1,28,627 4,49,582 8,42,764 13,59,145 15,87,005
Nifty 50 Returns (%) 13.71 15.02 13.58 13.52 12.66
Baroda Pioneer Banking andFinancial Services Fund
1 Year 3 Years 5 Years Since Inception
Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 7,10,000
Total Value as on Apr 30, 2018 (Rs) 1,23,900 4,48,160 8,74,599 10,92,366
Returns (%) 6.13 14.79 15.08 14.46
Total Values of Nifty Bank Index (Rs) 1,25,063 4,71,145 9,48,151 12,10,841
Nifty Bank Index Returns (%) 7.98 18.33 18.38 17.95
Total Value of Nifty 50 (Rs) 1,28,627 4,49,582 8,42,764 10,68,967
Nifty 50 Returns (%) 13.71 15.02 13.58 13.73
Baroda Pioneer Balance 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 17,60,000
Total Value as on Apr 30, 2018 (Rs) 1,26,504 4,40,032 8,37,947 13,36,757 22,08,142 40,92,022
Returns (%) 10.28 13.52 13.34 13.05 11.73 10.74
Total Values of CRISIL Hybrid 35+65 – Aggressive Index (Rs)
1,26,127 4,37,278 8,34,545 13,36,932 22,71,955 46,08,253
CRISIL Hybrid 35+65 – Aggressive Index Returns (%)
9.68 13.08 13.18 13.06 12.27 12.17
Total Value of Nifty 50 (Rs) 1,28,627 4,49,582 8,42,764 13,59,145 23,29,850 51,11,900
Nifty 50 Returns (%) 13.71 15.02 13.58 13.52 12.74 13.41
Baroda Pioneer Monthly Income Plan (MIP) 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 16,40,000
Total Value as on Apr 27, 2018 (Rs) 1,21,307 3,92,176 7,19,570 11,04,780 17,47,095 26,17,084
Returns (%) 2.08 5.69 7.24 7.73 7.31 6.56
CRISIL Hybrid 85+15 - Conservative Index (Rs)
1,21,586 4,03,029 7,51,735 11,65,884 19,06,308 30,55,709
CRISIL Hybrid 85+15 - Conservative Index Returns (%)
2.52 7.53 9.00 9.24 8.97 8.65
Total Value of CRISIL 10 Year Gilt Index Returns (%) (Rs)
1,16,850 3,76,157 6,89,258 10,40,832 16,30,787 25,28,686
CRISIL 10 Year Gilt Index Returns (%) -4.95 2.90 5.51 6.05 5.99 6.09
* 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 computationof 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 notbeen shown.
* with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the bench-mark / 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 2003to 29 June 2007, and TRI values since 29 June 2007.
* with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the bench-mark / 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 2003to 29 June 2007, and TRI values since 29 June 2007.
^^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).
^^Scheme benchmark has been changed to S&P 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).
Baroda Pioneer Mid-Cap Fund 1 Year 3 Years 5 Years 7 Years Since Inception
Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 8,40,000 9,10,000
Total Value as on Apr 30, 2018 (Rs) 1,33,623 4,66,656 8,21,010 11,61,152 12,40,213
Returns (%) 21.89 17.65 12.52 9.11 8.02
Total Values of S&P BSE MidCap^^ (Rs)
1,28,402 4,87,991 10,59,405 17,56,826 19,32,427
S&P BSE MidCap^^ Returns (%) 13.34 20.84 22.96 20.73 19.40
Total Value of Nifty 50 (Rs) 1,28,627 4,49,582 8,42,764 13,59,145 14,99,166
Nifty 50 Returns (%) 13.71 15.02 13.58 13.52 12.89 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 debtcomponent 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 bench-mark / standard benchmark index (TRI).
30th April, 2018
BARODA PIONEER MUTUAL FUND
Record Date Ex-Dividend NAV (Rs) Per Unit$ (Rs)
Baroda Pioneer Growth Fund - Plan A - Dividend16-Mar-18 37.10 3.50
23-Mar-17 35.86 2.50
24-Jun-16 33.72 2.80
Baroda Pioneer Growth Fund - Plan B - Direct - Dividend16-Mar-18 36.88 3.50
23-Mar-17 35.33 2.50
24-Jun-16 33.05 2.80
Baroda Pioneer ELSS 96 - Plan A - Dividend16-Mar-18 32.86 3.25
23-Mar-17 32.07 2.50
22-Mar-16 28.50 2.50
Baroda Pioneer ELSS 96 - Plan B - Direct - Dividend16-Mar-18 38.61 3.25
23-Mar-17 36.88 2.50
23-Feb-15 33.19 2.25
Baroda Pioneer Large Cap Fund - Plan A - Dividend16-Mar-18 12.09 0.75
Baroda Pioneer Large Cap Fund - Plan B - Direct - Dividend16-Mar-18 12.56 0.75
Baroda Pioneer Banking and Financial Services Fund - Plan A - Dividend16-Mar-18 17.11 1.75
23-Mar-17 17.44 1.50
Baroda Pioneer Banking and Financial Services Fund - Plan B - Direct - Dividend16-Mar-18 17.89 1.75
23-Mar-17 18.04 1.50
Baroda Pioneer Balance Fund - Plan A - Dividend16-Mar-18 18.00 0.60
29-Dec-17 19.05 0.50
27-Sep-17 18.06 0.50
Baroda Pioneer Balance Fund - Plan B - Direct - Dividend16-Mar-18 19.78 0.60
29-Dec-17 20.84 0.50
27-Sep-17 19.64 0.50
Baroda Pioneer MIP Fund - Plan A - Monthly Dividend*27-Mar-18 13.5213 0.07
27-Feb-18 13.2733 0.07
25-Jan-18 13.5444 0.07
Baroda Pioneer MIP Fund - Plan B - Direct - Monthly Dividend*27-Mar-18 13.9402 0.07
27-Feb-18 13.6687 0.07
25-Jan-18 13.9263 0.07
Baroda Pioneer MIP Fund - Plan A - Quarterly Dividend*16-Mar-18 13.0916 0.20
29-Dec-17 13.2845 0.20
27-Sep-17 13.2248 0.20
Baroda Pioneer MIP Fund - Plan B - Direct - Quarterly Dividend*16-Mar-18 13.5264 0.20
29-Dec-17 13.6800 0.20
27-Sep-17 13.5806 0.20
Baroda Pioneer Credit Opportunities Fund - Plan A - Quarterly Dividend16-Mar-18 10.8066 0.21
29-Dec-17 10.6908 0.21
27-Sep-17 10.7686 0.21
Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Quarterly Dividend16-Mar-18 11.2373 0.21
29-Dec-17 11.0937 0.21
27-Sep-17 11.1347 0.21
Baroda Pioneer Credit Opportunities Fund - Plan A - Monthly Dividend27-Mar-18 10.8538 0.07
27-Feb-18 10.7199 0.07
25-Jan-18 10.7795 0.07
Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Monthly Dividend27-Mar-18 11.3481 0.07
27-Feb-18 11.1996 0.07
25-Jan-18 11.2492 0.07
Record Date Ex-Dividend NAV (Rs) Per Unit$ (Rs)
Baroda Pioneer Dynamic Bond Fund - Plan A - Dividend16-Mar-18 13.3863 1.00
27-Jun-16 12.1528 0.40
22-Mar-16 12.5843 0.70
Baroda Pioneer Dynamic Bond Fund - Plan B - Direct - Dividend16-Mar-18 14.054 1.00
27-Jun-16 12.5981 0.40
22-Mar-16 13.0024 0.70
Baroda Pioneer Gilt Fund - Plan A - Dividend16-Mar-18 20.1217 1.50
24-Jun-16 19.4927 1.20
22-Mar-16 20.3147 1.20
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 Dividend27-Mar-18 10.1269 0.10
27-Feb-18 10.0297 0.04
25-Jan-18 10.0342 0.06
Baroda Pioneer Short Term Bond Fund - Plan B - Direct - Monthly Dividend27-Mar-18 10.1068 0.10
27-Feb-18 10.0043 0.04
25-Jan-18 10.0098 0.07
Baroda Pioneer Short Term Bond Fund - Plan A - Quaterly Dividend16-Mar-18 10.2878 0.17
29-Dec-17 10.1629 0.17
Baroda Pioneer Short Term Bond Fund - Plan B - Direct - Quaterly Dividend16-Mar-18 10.3099 0.17
29-Dec-17 10.1696 0.17
Baroda Pioneer Treasury Advantage Fund Reg - Monthly Dividend27-Mar-18 1008.71 6.13
27-Feb-18 1000.46 4.03
25-Jan-18 1001.29 5.64
Baroda Pioneer Treasury Advantage Fund - Plan A - Monthly Dividend27-Mar-18 1008.71 6.13
27-Feb-18 1000.46 5.57
25-Jan-18 1001.29 5.64
Baroda Pioneer Treasury Advantage Fund - Plan B - Direct - Monthly Dividend27-Mar-18 1008.95 6.35
27-Feb-18 s1000.48 5.83
25-Jan-18 1001.34 5.88
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 Dividend16-Mar-18 1043.93 17.00
29-Dec-17 1029.32 17.00
27-Sep-17 1030.50 17.00
Baroda Pioneer Treasury Advantage Fund - Plan B - Direct - Quarterly Dividend16-Mar-18 1052.29 17.00
29-Dec-17 1036.95 17.00
27-Sep-17 1037.23 17.00
Baroda Pioneer Income Fund - Plan A - Dividend16-Mar-18 22.8426 1.70
24-Jun-16 22.1257 1.40
Baroda Pioneer Income Fund - Plan B - Direct - Dividend16-Mar-18 23.1735 1.70
24-Jun-16 22.1642 1.40
Dividend History
24
$ Face value is `10/- in all schemes other than Baroda Pioneer Liquid Fund and Baroda Pioneer Treasury Advantage Fund where the face value is `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).
30th April, 2018
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.
30th April, 2018
BARODA PIONEER MUTUAL FUND
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
30th April, 2018
BARODA PIONEER MUTUAL FUND
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. G - 101 Ground Floor, SKI High Building 11/05 , Park Road, Hazratganj Lucknow-226001Mutual 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