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November 2019

*The Bank of Baroda logo belongs to Bank of Baroda and is used under license.

2

The Bank of Baroda logo belongs to Bank of Barodaand is used under license

Dear Investors,

Warm Greetings!

Stock markets continued to rally with BSE Sensex registering further gains of 1.2% during the month. Market rally was led by government intent to carry out labour reforms, cabinet approval of stake sale in a few PSUs and some optimism in US-China trade talks. Increased liquidity due to restart of quantitative easing by global central banks also led to rally. Domestically, macro data was quite negative with both IIP series and GDP data disappointing.

Year to date (Jan-Nov 2019) Sensex is up by 13% . Midcap index was flattish during the month while small cap index was down 1.4%. Amongst sectoral indices, Banking was up by 4% while Fast Moving Consumer Goods (FMCG), Information Technology (IT) and Media were down by 3-7%.

The Index of Industrial production (IIP) declined by 4.3% during the month of Sept 2019. This decline was broad-based with 14 of the 23-industry segment’s contracting. Capital goods as well as consumer goods declined. The weak IIP print when seen in conjunction with contracting GST collections, negative diesel consumption growth and lower credit growth indicated a sharp loss of economic momentum.

Real GDP growth moderated sharply to 4.5% in 2Q FY20 vs 5% in 1Q. Nominal GDP growth also slowed to 6.1% from 8% in 1QFY20. Within industry, manufacturing growth slumped to (-)1% (0.6% in 1QFY20). Construction growth slowed to 3.3% (5.7% in 1QFY20). Electricity and mining segment growths slowed to 3.6% and 0.1% respectively. Services sector growth moderated marginally to 6.8%. Within services, while growth in ‘trade, hotels, transport, and communication’ and in ‘financial, real estate, and professional services’ slowed to 4.8% and 5.8% respectively, growth in ‘public administration, defense and other services’ rose by 11.6%.

Retail inflation (CPI) recorded its fourth consecutive increase in Oct 2019, printing 4.6%. Notably, with this print CPI has touched 16-month high. In Sep 2019, CPI stood at 4% while a year ago it stood at 3.4%. Average inflation in the first seven months of FY20 stands at 3.5%. As expected, rising food prices were the primary drivers of increase in inflation.

In YoY basis, food was the only component to record increasing inflation. Food’s contribution to headline inflation stood at 318bps in Oct ’19 sharply up from -7bps a year ago i.e. an increase of 311bps. Since most of the increase in headline inflation was driven by food, inflation excluding food and fuel fell sharply. Core inflation stood at 3.4% in Oct ’19, hitting its all-time low.

FPIs flows were positive for the third consecutive month. FPIs bought US$3254mn worth of equities while DIIs turned sellers with outflow of USD1119mn in the equity markets. On YTD basis FPI’s have invested USD 13.4bn and DIIs have invested USD6.07bn.

While markets have rallied by 13% during the year, it is interesting to note that Sensex continues to underperform US and European markets significantly. While markets have rallied led by liquidity, macro data continues to disappoint. With FPIs now turning net sellers since last few days, near term pause or correction is not ruled out. We remain constructive on Indian equities on medium to long term horizon.

Happy Investing!

Sources : Bloomberg, Economic Times

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

Mr. Sanjay ChawlaChief Investment Officer

CIO LETTER - November 2019

3


£ Pursuant to the SEBI circulars issued by SEBI on “Categorisation and Rationalisation of mutual fund schemes”, there has been change in the fundamental attributes of the scheme effective June 6, 2018.

INDEX

How To Read Factsheet Pg 4

Baroda Multi Cap Fund (formerly known as Baroda Pioneer Growth Fund)

Pg 5

Baroda ELSS’ 96 Pg 6

Baroda Mid Cap Fund£ Pg 7

Baroda Large Cap Fund£ Pg 8

Baroda Banking and Financial Services Fund£ Pg 9

Baroda Hybrid Equity Fund£ (formerly known as Baroda Pioneer Balance Fund)

Pg 10

Baroda Dynamic Equity Fund Pg 11

Baroda Equity Savings Fund Pg 12

Baroda Conservative Hybrid Fund£

(formerly known as Baroda Pioneer Monthly Income Plan (MIP) Fund)Pg 13

Baroda Credit Risk Fund£

(formerly known as Baroda Pioneer Credit Opportunities Fund)Pg 14

Baroda Gilt Fund£ Pg 15

Baroda Dynamic Bond Fund£ Pg 16

Baroda Short Term Bond Fund£ Pg 17

Baroda Treasury Advantage Fund£ Pg 18

Baroda Ultra Short Duration Fund Pg 19

Baroda Liquid Fund Pg 20

Baroda Overnight Fund Pg 21

Baroda Money Market Fund Pg 22

Investment Performance Pg 23

SIP Returns Pg 26

Dividend History Pg 27

4


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.

Macaulay Duration: Is the weighted average term to maturity of the cash flows from an instrument. The weight of each cash flow is determined by dividing the present value of the cash flow by the price. Macaulay duration is a measure of interest rate sensitivity of a Fixed income instrument. Higher the Macaulay duration, higher would be the interest rate risk. Investors may refer to Scheme Information Document of the fund for further details.

How To Read Factsheet?

5


Baroda Multi Cap Fund1

Multi Cap Fund - An open ended equity scheme investing across large cap, mid-cap and small cap stocks.

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

Plan A 2.58%

Plan B (Direct) 1.61%

Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Managers#

September 12, 2003

S&P BSE 500^(Effective October 29, 2019)Total Return variant of the Benchmark Index (TRI)

` 500/month - 12 Installments` 1500/quarter - 4 Installments

Plan A and Plan B (Direct)

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

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

Entry Load: NA

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

Mr. Sanjay Chawla&

(Experience 29 Years)

AAUM & AUM

AAUM ` 812.62 Crs

AUM ` 808.30 Crs

Standard deviation 12.61%

Sharpe@ 0.22

Beta 0.97

Portfolio Turnover (last 12 months)

1.12

@risk free rate (FBIL Overnight MIBOR) 5.25%

Risk Profile 29 November 2019

Mr. Dipak Acharya


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

Portfolio Portfolio

$ 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 23 - 25^ For Disclaimer please refer page no 25

Plan A `

Growth 99.75

Dividend 31.56

Plan B - Direct `

Growth 106.12

Dividend 31.86

NAV as on 29 November 2019Riskometer

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.

Top 10 Industries

1Formerly known as Baroda Pioneer Growth Fund

Name of InstrumentsRatings /Industries

% to NetAssets

EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesHDFC Bank Ltd. Banks 9.94%

Housing Development Finance Corporation Ltd.

Finance 7.11%

ICICI Bank Ltd. Banks 6.98%

Reliance Industries Ltd. Petroleum Products 6.33%

Infosys Ltd. Software 4.74%

State Bank of India Banks 3.28%

Larsen & Toubro Ltd. Construction Project 3.21%

Astral Poly Technik Ltd. Industrial Products 2.81%

Bajaj Finance Ltd. Finance 2.77%

Marico Ltd.Consumer Non Durables

2.56%

City Union Bank Ltd. Banks 2.50%

The Ramco Cements Ltd. Cement 2.38%

Tech Mahindra Ltd. Software 2.36%

HCL Technologies Ltd. Software 2.30%

Indraprastha Gas Ltd. Gas 2.25%

Nestle India Ltd.Consumer Non Durables

2.15%

Aarti Industries Ltd. Chemicals 2.14%

Aditya Birla Fashion and Retail Ltd.

Retailing 2.08%

Pidilite Industries Ltd. Chemicals 1.93%

Divi's Laboratories Ltd. Pharmaceuticals 1.88%

ICICI Prudential Life Insurance Company Ltd.

Finance 1.86%

Axis Bank Ltd. Banks 1.83%

Security and Intelligence Services (I) Ltd.

Commercial Services 1.69%

Multi Commodity Exchange of India Ltd.

Finance 1.53%

Titan Company Ltd. Consumer Durables 1.43%


% to NetAssets

Hindustan Petroleum Corporation Ltd.

Petroleum Products 1.40%

United Spirits Ltd.Consumer Non Durables

1.28%

Dr. Reddy's Laboratories Ltd. Pharmaceuticals 1.26%

Castrol India Ltd. Petroleum Products 1.22%

Bharat Electronics Ltd.Industrial Capital Goods

1.18%

Petronet LNG Ltd. Gas 1.18%

Tata Consultancy Services Ltd.

Software 1.14%

Kansai Nerolac Paints Ltd.Consumer Non Durables

1.14%

The Federal Bank Ltd. Banks 1.10%

Ultratech Cement Ltd. Cement 1.05%

Fortis Healthcare Ltd. Healthcare Services 1.02%

WABCO India Ltd. Auto Ancillaries 0.94%

Bharti Airtel Ltd. Telecom - Services 0.82%

Maruti Suzuki India Ltd. Auto 0.81%

Sterling & Wilson Solar Ltd. Construction Project 0.37%

Aarti Surfactants Ltd. Chemicals 0.06%

Total 96.01%

Margin Fixed Deposits

HDFC Bank Ltd. Unrated 0.28%

Total 0.28%

TREPS / Reverse Repo Investments 4.61%

Total 4.61%

Cash & Cash Equivalents

Net Receivable/Payable -0.90%

Total -0.90%

Grand Total 100.00%

29 November, 2019

Pharmaceuticals3.14%

BANK

Banks25.63%

Finance13.27%

Consumer Non

Durables7.13%

Software10.54%

Construction Project3.58%

Petroleum Products8.95%

Gas3.43%

Chemicals4.13%

Cement3.43%

6


Baroda ELSS’ 96 An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit.

Investment ObjectiveThe 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.

Plan A 2.57%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Managers#

March 31, 1996

S&P BSE 200^Total Return variant of the Benchmark Index (TRI)



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

` 500/- & in multiples of ` 1/- thereafter

Entry Load: NA

Exit Load: Nil

Mr. Sanjay Chawla&


AAUM & AUM

AAUM ` 162.48 Crs

AUM ` 162.28 Crs


Sharpe@ 0.04

Beta 0.98


1.72



Mr. Dipak Acharya


Portfolio Portfolio

Plan A `

Growth 44.30

Bonus 44.30

Dividend 27.18

Plan B - Direct `

Growth 47.79

Bonus 47.79

Dividend 33.23

NAV as on 29 November 2019


• Capital growth over long term.

• Investment predominantly in equity and equity related instruments.


Top 10 Industries

Riskometer


$ 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 23 - 25^ For Disclaimer please refer page no 25


% to NetAssets

EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchanges




Finance 5.66%

Kotak Mahindra Bank Ltd. Banks 4.98%


HDFC Bank Ltd. Banks 3.93%



DCB Bank Ltd. Banks 2.92%


Retailing 2.78%



2.62%






2.22%

SBI Life Insurance Company Ltd.

Finance 2.07%

Bajaj Finserv Ltd. Finance 1.96%




Thermax Ltd.Industrial Capital Goods

1.77%




% to NetAssets



Security and Intelligence Services (I) Ltd.

Commercial Services 1.66%




Mahanagar Gas Ltd. Gas 1.29%

BEML Ltd.Industrial Capital Goods

1.23%

Divi's Laboratories Ltd. Pharmaceuticals 1.10%


0.97%

Gujarat Fluorochemicals Ltd. Chemicals 0.91%



Karur Vysya Bank Ltd. Banks 0.78%

Simplex Infrastructures Ltd. Construction 0.74%

Emami Ltd.Consumer Non Durables

0.49%


Blue Star Ltd. Consumer Durables 0.26%

GFL Ltd. Chemicals 0.12%

Total 93.63%


Total 6.76%



Total -0.39%

Grand Total 100.00%

BANK

Banks27.26%

Software9.71%

Consumer Non

Durables6.30%



Gas3.00%

Finance12.20%


Cement3.53%

29 November, 2019

Industrial Capital Goods

3.00%

7


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.

Plan A 2.61%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Managers#

October 4, 2010

S&P BSE Mid-cap index^Total Return variant of the Benchmark Index (TRI)



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$


Entry Load: NA

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

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

Mr. Sanjay Chawla


AAUM & AUM

AAUM ` 46.19 Crs

AUM ` 46.09 Crs


Sharpe@ (0.01)

Beta 0.80


1.74



Mr. Dipak Acharya


Portfolio Portfolio

$ 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 23 - 25^ For Disclaimer please refer page no 25£ Pursuant to the SEBI circulars issued by SEBI on “Categorisation and Rationalisation of mutual fund schemes”, there has been change in the fundamental attributes of the scheme effective June 6, 2018.

Plan A `

Growth 8.75

Dividend 8.75

Plan B - Direct `

Growth 9.27

Dividend 9.27




• Investment predominantly in equity and equity related securities of growth oriented Mid-Cap stocks.


Top 10 Industries

Baroda Mid-Cap Fund£ Mid Cap Fund – An open-ended equity scheme pre-dominantly investing in mid cap stocks.


% to NetAssets


Astral Poly Technik Ltd. Industrial Products 7.10%


Tata Global Beverages Ltd.Consumer Non Durables

4.91%


Tube Investments of India Ltd.

Auto Ancillaries 4.59%


Retailing 3.91%

Aarti Industries Ltd. Chemicals 3.70%

Varun Beverages Ltd.Consumer Non Durables

3.53%

The Indian Hotels Company Ltd.

Hotels, Resorts And Other Recreational Activities

3.24%

Thermax Ltd.Industrial Capital Goods

3.12%

Torrent Power Ltd. Power 3.04%


Solar Industries India Ltd. Chemicals 2.98%

Supreme Industries Ltd. Industrial Products 2.72%



Finance 2.55%

Trent Ltd. Retailing 2.43%


Jubilant Foodworks Ltd.Consumer Non Durables

2.11%


Blue Star Ltd. Consumer Durables 2.01%

Mphasis Ltd. Software 1.91%


% to NetAssets




1.79%

AU Small Finance Bank Ltd. Banks 1.79%

Mahanagar Gas Ltd. Gas 1.70%

BEML Ltd.Industrial Capital Goods

1.62%

Honeywell Automation India Ltd.


1.58%


Bata India Ltd. Consumer Durables 1.41%

Gujarat State Petronet Ltd. Gas 1.40%

Can Fin Homes Ltd. Finance 1.30%

Muthoot Finance Ltd. Finance 1.25%


1.14%

Emami Ltd.Consumer Non Durables

1.03%

Cholamandalam Investment & Finance Co. Ltd.

Finance 1.02%

Schaeffler India Ltd. Industrial Products 0.94%


Aarti Surfactants Ltd. Chemicals 0.10%

Total 95.73%


Total 5.60%



Total -1.33%

Grand Total 100.00%

BANK

Banks13.43%

Industrial Products10.76%

Chemicals6.78%


8.11%

Finance6.12%

Consumer Non

Durables12.72%

Auto Ancillaries

4.59%


Retailing6.34%

29 November, 2019

Gas5.12%

8


Baroda Large Cap Fund£ Large Cap Fund – An open-ended equity scheme pre-dominantly investing in large cap stocks.

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.

Plan A 2.58%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Managers#

June 22, 2010

Nifty 100^Total Return variant of the Benchmark Index (TRI)





Entry Load: NA

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


Mr. Sanjay Chawla


AAUM & AUM

AAUM ` 32.56 Crs

AUM ` 32.72 Crs


Sharpe@ 0.30

Beta 0.73


1.51



Mr. Dipak Acharya


Portfolio Portfolio

$ 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 23 - 25 ^ For Disclaimer please refer page no 25£ Pursuant to the SEBI circulars issued by SEBI on “Categorisation and Rationalisation of mutual fund schemes”, there has been change in the fundamental attributes of the scheme effective June 6, 2018.

Plan A `

Growth 15.22

Dividend 12.11

Plan B - Direct `

Growth 15.97

Dividend 12.82




• Investment predominantly in a diversified portfolio of equity and equity related securities of Large Cap companies.


Top 10 Industries


% to NetAssets






Finance 7.02%






Siemens Ltd.Industrial Capital Goods

2.92%




Finance 2.69%




ABB India Ltd.Industrial Capital Goods

2.43%

Asian Paints Ltd.Consumer Non Durables

2.35%

Nestle India Ltd.Consumer Non Durables

2.21%



% to NetAssets

GAIL (India) Ltd. Gas 1.93%

Tata Consultancy Services Ltd.

Software 1.88%


Adani Ports and Special Economic Zone Ltd.

Transportation 1.75%




1.48%



1.18%


1.10%


Total 93.98%



Total 0.34%


Total 6.39%



Total -0.71%

Grand Total 100.00%




BANK

Banks26.16%

Software11.99%

Finance12.82%



Consumer Non

Durables7.14%

Cement3.90%


6.53%


29 November, 2019

Telecom Services2.70%

9


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.

Plan A 2.61%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Manager#

June 22, 2012

Nifty Bank Index^Total Return variant of the Benchmark Index (TRI)





Entry Load: NA

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

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

AAUM & AUM

AAUM ` 47.00 Crs

AUM ` 48.27 Crs


Sharpe@ 0.70

Beta 0.92


0.69



Mr. Dipak Acharya


Portfolio Portfolio

$ 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 23 - 25^ For Disclaimer please refer page no 25£ Pursuant to the SEBI circulars issued by SEBI on “Categorisation and Rationalisation of mutual fund schemes”, there has been change in the fundamental attributes of the scheme effective June 6, 2018.

Plan A `

Growth 25.68

Dividend 17.45

Plan B - Direct `

Growth 27.08

Dividend 18.69




• Investment predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector.


Top Industries


% to NetAssets








Finance 4.28%





Finance 2.08%

AU Small Finance Bank Ltd. Banks 1.71%

Karur Vysya Bank Ltd. Banks 1.24%

Muthoot Finance Ltd. Finance 1.19%


% to NetAssets

ICICI Lombard General Insurance Company Ltd.

Finance 1.13%



Finance 0.98%

Motilal Oswal Financial Services Ltd.

Finance 0.96%

Total 95.03%



Total 0.31%


Total 4.85%



Total -0.19%

Grand Total 100.00%

BANK

Banks80.40%

Finance14.63%

Unrated0.31%

Cash & Equivalent4.66%̀

Baroda Banking and Financial Services Fund£ An open ended equity scheme investing in the Banking and Financial Services sector. 29 November, 2019

10


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.

Plan A 2.47%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Managers#

September 12, 2003

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





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

AAUM & AUM

AAUM ` 542.02 Crs

AUM ` 530.72 Crs


Sharpe@ 0.13

Beta 1.11


1.37



Mr. Sanjay Chawla&


Portfolio Portfolio

$ 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 23 - 25£ Pursuant to the SEBI circulars issued by SEBI on “Categorisation and Rationalisation of mutual fund schemes”, there has been change in the fundamental attributes of the scheme effective June 6, 2018.


• Capital appreciation along with stability over long term.

• Investment predominantly in equity and equity related instru-ments with balance exposure to money market instruments and debt securities.


Top 10 Industries

Riskometer

Plan A `

Growth 55.32

Dividend 15.38

Plan B - Direct `

Growth 59.84

Dividend 17.52


Baroda Hybrid Equity Fund2£

An open ended hybrid scheme investing predominantly in equity and equity related instruments.

Mr. Dipak Acharya



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.


% to Net

AssetsEQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesHDFC Bank Ltd. Banks 9.61%ICICI Bank Ltd. Banks 6.09%Housing Development Finance Corporation Ltd. Finance 6.06%

Reliance Industries Ltd. Petroleum Products 5.26%State Bank of India Banks 3.22%Infosys Ltd. Software 3.21%City Union Bank Ltd. Banks 3.05%Marico Ltd. Consumer Non Durables 2.71%Indraprastha Gas Ltd. Gas 2.57%Larsen & Toubro Ltd. Construction Project 2.51%HCL Technologies Ltd. Software 2.34%Tech Mahindra Ltd. Software 2.15%Bajaj Finance Ltd. Finance 1.92%ICICI Prudential Life Insurance Company Ltd. Finance 1.89%

Pidilite Industries Ltd. Chemicals 1.84%Axis Bank Ltd. Banks 1.81%Solar Industries India Ltd. Chemicals 1.79%The Ramco Cements Ltd. Cement 1.51%Security and Intelligence Services (I) Ltd. Commercial Services 1.43%

Dr. Reddy's Laboratories Ltd. Pharmaceuticals 1.37%Nestle India Ltd. Consumer Non Durables 1.36%KEC International Ltd. Construction Project 1.33%Ultratech Cement Ltd. Cement 1.20%Divi's Laboratories Ltd. Pharmaceuticals 1.18%United Spirits Ltd. Consumer Non Durables 1.09%Castrol India Ltd. Petroleum Products 1.06%Fortis Healthcare Ltd. Healthcare Services 1.05%Tata Consultancy Services Ltd. Software 1.04%Atul Ltd. Chemicals 0.99%Kansai Nerolac Paints Ltd. Consumer Non Durables 0.99%Bharti Airtel Ltd. Telecom - Services 0.75%Maruti Suzuki India Ltd. Auto 0.61%Jubilant Foodworks Ltd. Consumer Non Durables 0.46%Titan Company Ltd. Consumer Durables 0.44%Sterling & Wilson Solar Ltd. Construction Project 0.41%Total 76.30%CENTRAL GOVERNMENT SECURITIES8.24% CGL 2027 Sovereign 0.27%


% to Net

Assets7.59% CGL 2026 Sovereign 0.20%7.88% CGL 2030 Sovereign 0.14%8.28% CGL 2027 Sovereign 0.02%Total 0.63%STATE GOVERNMENT SECURITIES9.72% SDL 2023 Sovereign 1.04%Total 1.04%MONEY MARKET INSTRUMENTSCertificate of Deposits**IndusInd Bank Ltd. CRISIL A1+ 1.49%Small Industries Development Bank of India CRISIL A1+ 0.37%

Total 1.86%BONDS & NCDsListed / awaiting listing on the stock exchangesICICI Bank Ltd. [ICRA]AA+ 4.81%National Bank for Agriculture and Rural Development CRISIL AAA 3.06%

State Bank of India CRISIL AA+ 2.87%Bank of Baroda CRISIL AA+ 2.65%Larsen & Toubro Ltd. CRISIL AAA 1.35%Yes Bank Ltd. [ICRA]BBB+ 0.83%Muthoot Finance Ltd. CRISIL AA 0.74%Dewan Housing Finance Corporation Ltd. CARE D 0.72%

National Highways Authority of India CRISIL AAA 0.54%

Indian Railway Finance Corporation Ltd. CRISIL AAA 0.50%

Total 18.07%Margin Fixed DepositsHDFC Bank Ltd. Unrated 0.43%Total 0.43%TREPS / Reverse Repo Investments 1.04%Total 1.04%Cash & Cash EquivalentsNet Receivable/Payable 0.63%Total 0.63%Grand Total 100.00%

2Formerly known as Baroda Pioneer Balance Fund

BANK

Banks23.78%

Finance9.87%

Software8.74%


CRISIL AAA5.45%

[ICRA]AA+

4.81%

CRISIL AA+

5.52%

Consumer Non

Durables6.61%

Chemicals4.62%


29 November, 2019

11


Portfolio

Riskometer


• Capital appreciation over medium to long term.

• Investment in equity and equity linked securities as well as debt and money market instruments while managing risk through active asset allocation.


Investment ObjectiveThe primary objective of the Scheme is to generate capital appreciation by investing in a portfolio of equity or equity linked securities while the secondary objective is to generate income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation.

Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Fund Managers

November 14, 2018

50% S&P BSE 200 Index and 50% CRISIL Short Term Bond Fund IndexTotal Return variant of the Benchmark Index (TRI)


Regular and Direct

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


Entry Load: NA

Exit 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

Mr. Alok Sahoo


AAUM & AUM

AAUM ` 414.53 Crs

AUM ` 407.80 Crs

Regular 2.49%

Direct 0.92%

Total Expense Ratio

Baroda Dynamic Equity FundAn open ended dynamic asset allocation fund

Portfolio


Regular `

Growth 11.12

Dividend 11.12

Direct `

Growth 11.31

Dividend 11.31


Mr. Sanjay Chawla



% to Net

AssetsEQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesHDFC Ltd. Finance 6.25%Reliance Industries Ltd. Petroleum Products 5.51%HDFC Bank Ltd. Banks 4.61%ICICI Bank Ltd. Banks 4.40%Infosys Ltd. Software 3.07%State Bank of India Banks 2.77%Bajaj Finance Ltd. Finance 2.65%Indraprastha Gas Ltd. Gas 2.28%Kotak Mahindra Bank Ltd. Banks 2.18%Nestle India Ltd. Consumer Non Durables 2.13%Ultratech Cement Ltd. Cement 2.09%Larsen & Toubro Ltd. Construction Project 1.96%Tech Mahindra Ltd. Software 1.77%Marico Ltd. Consumer Non Durables 1.76%Pidilite Industries Ltd. Chemicals 1.76%Maruti Suzuki India Ltd. Auto 1.72%HCL Technologies Ltd. Software 1.66%ICICI Prudential Life Insurance Company Ltd. Finance 1.54%

Divi's Laboratories Ltd. Pharmaceuticals 1.53%United Spirits Ltd. Consumer Non Durables 1.49%Asian Paints Ltd. Consumer Non Durables 1.46%The Federal Bank Ltd. Banks 1.31%Bharti Airtel Ltd. Telecom - Services 1.30%Petronet LNG Ltd. Gas 1.30%The Ramco Cements Ltd. Cement 1.28%Adani Enterprises Ltd. Trading 1.26%Tata Steel Ltd. Ferrous Metals 1.00%Axis Bank Ltd. Banks 0.91%Tata Consultancy Services Ltd. Software 0.81%

WABCO India Ltd. Auto Ancillaries 0.76%Jindal Steel & Power Ltd. Ferrous Metals 0.27%Sun Pharmaceutical Industries Ltd. Pharmaceuticals 0.24%

Sterling & Wilson Solar Ltd. Construction Project 0.21%Tata Motors DVR Ltd. Auto 0.20%Security and Intelligence Services (I) Ltd. Commercial Services 0.17%

Hindalco Industries Ltd. Non - Ferrous Metals 0.17%Total 65.78%BONDS & NCDsListed / awaiting listing on the stock exchangesExport-Import Bank of India CRISIL AAA 6.15%National Highways Authority of India CRISIL AAA 2.25%Aditya Birla Housing Finance Ltd. [ICRA]AAA 1.95%

Larsen & Toubro Ltd. CRISIL AAA 1.76%


% to Net

AssetsIndian Oil Corporation Ltd. CRISIL AAA 1.23%Yes Bank Ltd. [ICRA]BBB+ 0.90%Aditya Birla Finance Ltd. [ICRA]AAA 0.61%NABARD CRISIL AAA 0.51%Housing and Urban Development Corporation Ltd. [ICRA]AAA 0.51%Indian Railway Finance Corporation Ltd. CRISIL AAA 0.50%

Total 16.37%CENTRAL GOVERNMENT SECURITIES6.68% CGL 2031 Sovereign 1.80%7.17% CGL 2028 Sovereign 1.76%7.26% CGL 2029 Sovereign 1.28%Total 4.84%MONEY MARKET INSTRUMENTSCommercial Paper**HDB Financial Services Ltd. CRISIL A1+ 2.66%HDFC Ltd. CRISIL A1+ 1.94%Total 4.60%Certificate of Deposits**Small Industries Development Bank of India CRISIL A1+ 4.79%

Total 4.79%Margin Fixed DepositsHDFC Bank Ltd. Unrated 1.97%Total 1.97%TREPS / Reverse Repo Investments 1.35%Total 1.35%Cash & Cash EquivalentsNet Receivable/Payable 0.30%Total 0.30%Grand Total 100.00%DERIVATIVES / Stock FuturesName of the Instrument Long / Short % to AUMMaruti Suzuki India Ltd. Short (1.73)Adani Enterprises Ltd. Short (1.27)HDFC Bank Ltd. 26-DEC-19 Short (1.17)Tata Steel Ltd. 26-DEC-19 Short (1.00)Tata Consultancy Services Ltd. Short (0.81)Jindal Steel & Power Ltd. Short (0.27)Sun Pharmaceutical Inds Ltd. Short (0.24)Tata Motors DVR Ltd. Short (0.20)Asian Paints Ltd. 26-DEC-19 Short (0.20)Hindalco Industries Ltd. Short (0.17)HDFC Ltd. Short (0.06)Total (7.12)

Mr. Dipak Acharya@


@Effective December 14, 2018, Mr. Dipak Acharya manages the scheme along with Mr. Sanjay Chawla and Mr. Alok Sahoo.

Top 10 Industries

BANK

Banks16.18%

Finance10.44%

Software7.31% Petroleum

Products5.51%

CRISIL AAA12.40%

Gas3.58%

Sovereign4.84%

CRISIL A1+

9.39%

Consumer Non

Durables6.84%

Cement3.37%

29 November, 2019

SOVEREIGN

12


Investment ObjectiveThe primary objective of the Scheme is to generate capital appreciation and income by using arbitrage opportunities, investment in equity / equity related instruments and debt/ money market instruments.However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.

Baroda Equity Savings FundAn open-ended scheme investing in equity, arbitrage and debt instruments.

Benchmark

Plans & Option

Minimum Investment

Load Structure

40% NSE 50 Arbitrage index, 35% NIFTY Short Duration Debt index and 25% NSE100 indexTotal Return variant of the Benchmark Index (TRI)

RegulaR and diRect

A. Growth Option (default option in case no option specified by investor);

B. Dividend Option• Pay-out• Reinvestment (default sub-option in case no sub-option specified by investor)

Purchase: ` 5,000/- & in multiples of ` 1/- thereafterAdditional Purchase : ` 1,000/- and in multiples of ` 1/- thereafter. Re-purchase: No minimum amount

Entry Load: NA

Exit Load: If units are redeemed upto 10% of the units held, 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

The above exit load shall be applicable on a prospective basis to all subscription transactions, excluding switch-ins.

The above exit load structure is effective September 05, 2019.

Date of InceptionJuly 25, 2019

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

AAUM & AUM

AAUM ` 462.51 Crs

AUM ` 461.76 Crs

Regular 2.14%

Direct 1.11%

Total Expense Ratio

Fund Managers

Mr. Alok Sahoo


Mr. Pratish Krishnan


Mr. Dipak Acharya


Riskometer


• Long term capital appreciation and income generation.

• Investment in equity and equity related securities, arbitrage opportunities, and debt and money market instuments.


Regular `

Growth 10.31

Dividend 10.31

Direct `

Growth 10.36

Dividend 10.36


Portfolio Portfolio



% to Net

AssetsEQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesHDFC Ltd. Finance 7.24%Reliance Industries Ltd. Petroleum Products 7.15%Bajaj Finance Ltd. Finance 3.09%State Bank of India Banks 3.02%Axis Bank Ltd. Banks 3.01%HDFC Bank Ltd. Banks 2.91%Infosys Ltd. Software 2.73%Ambuja Cements Ltd. Cement 2.45%ITC Ltd. Consumer Non Durables 2.05%Bharti Airtel Ltd. Telecom - Services 1.93%ICICI Bank Ltd. Banks 1.77%Jindal Steel & Power Ltd. Ferrous Metals 1.76%Hindustan Petrol Corp Ltd. Petroleum Products 1.55%Tata Consultancy Services Ltd. Software 1.53%Interglobe Aviation Ltd. Transportation 1.53%NTPC Ltd. Power 1.50%Maruti Suzuki India Ltd. Auto 1.49%Titan Company Ltd. Consumer Durables 1.40%Kotak Mahindra Bank Ltd. Banks 1.40%Sun Pharmaceutical Industries Ltd. Pharmaceuticals 1.39%

UPL Ltd. Pesticides 1.30%Grasim Industries Ltd. Cement 1.25%Adani Enterprises Ltd. Trading 1.08%Hindustan Unilever Ltd. Consumer Non Durables 1.06%Bharat Petroleum Corporation Ltd. Petroleum Products 1.02%

Larsen & Toubro Ltd. Construction Project 1.01%Ultratech Cement Ltd. Cement 0.97%JSW Steel Ltd. Ferrous Metals 0.93%IndusInd Bank Ltd. Banks 0.87%L&T Finance Holdings Ltd. Finance 0.86%Nestle India Ltd. Consumer Non Durables 0.85%Punjab National Bank Banks 0.80%HCL Technologies Ltd. Software 0.68%Asian Paints Ltd. Consumer Non Durables 0.58%Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.57%Tech Mahindra Ltd. Software 0.49%Tata Motors DVR Ltd. Auto 0.42%Union Bank of India Banks 0.29%United Spirits Ltd. Consumer Non Durables 0.26%The Federal Bank Ltd. Banks 0.20%Dabur India Ltd. Consumer Non Durables 0.20%Total 66.59%BONDS & NCDsListed / awaiting listing on the stock exchangesICICI Bank Ltd. [ICRA]AA+ 2.21%State Bank of India CRISIL AA+ 2.20%Bank of Baroda CARE AA 2.18%Vedanta Ltd. CRISIL AA 1.30%Indian Oil Corporation Ltd. CRISIL AAA 1.08%Yes Bank Ltd. [ICRA]BBB+ 0.80%HDFC Bank Ltd. CRISIL AA+ 0.66%Total 10.43%


% to Net

AssetsCENTRAL GOVERNMENT SECURITIES6.45% CGL 2029 Sovereign 0.43%Total 0.43%MONEY MARKET INSTRUMENTSCommercial Paper**HDFC Ltd. CRISIL A1+ 2.57%Total 2.57%Certificate of Deposits**IndusInd Bank Ltd. CRISIL A1+ 4.17%Small Indus Develop Bank of India CRISIL A1+ 0.84%Total 5.01%Margin Fixed DepositsHDFC Bank Ltd. Unrated 10.07%Total 10.07%TREPS / Reverse Repo Investments 2.65%Total 2.65%Cash & Cash EquivalentsNet Receivable/Payable 2.25%Total 2.25%Grand Total 100.00%DERIVATIVES / Stock Futures

Name of the Instrument Long / Short % to AUM

HDFC. 26-DEC-19 Short (5.27)Reliance Industries Ltd. Short (5.00)Axis Bank Ltd. 26-DEC-19 Short (3.03)Ambuja Cements Ltd. Short (2.46)Bajaj Finance Ltd. 26-DEC-19 Short (2.08)ITC Ltd. 26-DEC-19 Short (2.05)State Bank of India 26-DEC-19 Short (2.05)Jindal Steel & Power Ltd. Short (1.77)Infosys Ltd. 26-DEC-19 Short (1.60)Hindustan Petrol Corp Ltd. Short (1.56)Interglobe Aviation Ltd. Short (1.53)NTPC Ltd. 26-DEC-19 Short (1.50)Maruti Suzuki India Ltd. Short (1.50)Sun Pharmaceutical Indus Ltd. Short (1.40)UPL Ltd. 26-DEC-19 Short (1.30)Grasim Industries Ltd. Short (1.26)Bharti Airtel Ltd. 26-DEC-19 Short (1.26)Adani Enterprises Ltd. Short (1.08)Bharat Petroleum Corp Ltd. Short (1.02)JSW Steel Ltd. 26-DEC-19 Short (0.93)IndusInd Bank Ltd. 26-DEC-19 Short (0.87)L&T Finance Holdings Ltd. Short (0.86)Punjab National Bank Short (0.80)Titan Company Ltd. 26-DEC-19 Short (0.78)Tata Consultancy Services Ltd. Short (0.66)Asian Paints Ltd. 26-DEC-19 Short (0.58)Tata Motors DVR Ltd. Short (0.42)Union Bank of India 26-DEC-19 Short (0.29)The Federal Bank Ltd. Short (0.20)Total (45.11)

Top 10 Industries

BANK

Banks14.27%

Finance11.19% Petroleum

Products9.72%

CRISIL A1+

7.58%

Cement4.67%

Unrated10.07%

Consumer Non

Durables5.00%

CRISIL AA+

2.86%

Software5.43%

29 November, 2019

Ferrous Metals2.69%

13


Baroda Conservative Hybrid Fund3£

An open ended hybrid scheme investing pre-dominantly in debt instruments.

Portfolio

$ 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 23 - 25 £ Pursuant to the SEBI circulars issued by SEBI on “Categorisation and Rationalisation of mutual fund schemes”, there has been change in the fundamental attributes of the scheme effective June 6, 2018.

11.49%

0.38%

0.52%

0.57%

0.81%

1.40%

1.42%

2.26%

3.13%

3.81%

74.21%


Healthcare Services


Retailing

Telecom - Services

Consumer Non Durables

Petroleum Products

Software

Finance

Banks

Sovereign

Ratings

Riskometer

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 ObjectiveTo 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.

Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Fund Manager#

September 08, 2004

CRISIL Hybrid 85+15 - Conservative Index (effective February 1, 2018)



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


Entry Load: NA

Exit Load: NIL

Ms. Hetal Shah


Average Maturity (Days) 2993

Modified Duration (Years) 5.95

Portfolio Yield (%) 6.29

Portfolio Characteristic

AAUM & AUM

AAUM ` 27.04 Crs

AUM ` 27.22 Crs

Plan A 2.08%


Total Expense Ratio

Plan A `

Growth 25.6004

Dividend - Monthly 13.9957

Dividend - Quarterly 13.6813

Plan B - Direct `

Growth 27.1473





% to NetAssets

EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesHDFC Bank Ltd. Banks 2.30%

Infosys Ltd. Software 1.85%Housing Development Finance Corporation Ltd.

Finance 1.69%






0.73%


0.67%

Trent Ltd. Retailing 0.57%



State Bank of India Banks 0.38%Multi Commodity Exchange of India Ltd.

Finance 0.32%

ABB India Ltd.Industrial Capital Goods

0.27%


0.25%

Total 14.30%

CENTRAL GOVERNMENT SECURITIES

6.45% CGL 2029 Sovereign 61.53%

7.17% CGL 2028 Sovereign 4.90%




Total 74.21%


Total 8.77%


Net Receivable/Payable 2.72%

Total 2.72%

Grand Total 100.00%All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR.

3Formerly known as Baroda Pioneer Monthly Income Plan (MIP) Fund

Instruments

74.21%

14.30%

8.77%2.72%

TREPS / Reverse RepoInvestments

EQUITY & EQUITYRELATED

Central GovernmentSecurities

Cash & CashEquivalents

29 November, 2019

14


Baroda Credit Risk Fund4£ An open ended debt scheme predominantly investing in AA and below rated corporate bonds.(Excluding AA+ rated corporate bonds)

Portfolio


21.30%

0.15%

1.32%

1.38%

1.47%

1.52%

2.42%

2.55%

2.76%

3.70%

3.82%

4.24%

7.41%

8.94%

9.55%

10.83%

16.64%


CARE AA

CARE D

Sovereign

CRISIL A1+

CRISIL AAA(SO)

BWR AA+

IND AA

[ICRA]BBB+

[ICRA]A1+

[ICRA]AA+

CRISIL AA+

CRISIL AAA

[ICRA]A1

[ICRA]A+

[ICRA]AA-

CRISIL AA

Ratings

Riskometer


• Income over medium term.

• Investment in a mix of debt and money market instruments across the credit and maturity spectrum.


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.

Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Fund Managers#

January 23, 2015

CRISIL Short Term Credit Risk Index(Effective October 29, 2019)



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


Entry Load: NA

Exit 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

AAUM ` 683.63 Crs

AUM ` 668.09 Crs





AAUM & AUM

Plan A 1.74%


Total Expense Ratio

Plan A `

Growth 14.2851



Plan B - Direct `

Growth 15.0623






% to NetAssets

CENTRAL GOVERNMENT SECURITIES7.17% CGL 2028 Sovereign 0.77%6.68% CGL 2031 Sovereign 0.09%Total 0.86%STATE GOVERNMENT SECURITIES8.11% SDL 2028 Sovereign 0.52%Total 0.52%BONDS & NCDsListed / awaiting listing on the stock exchangesMotilal Oswal Home Finance Ltd. [ICRA]A+ 9.55%

Edelweiss Commodities Services Ltd. [ICRA]AA- 8.07%

IndusInd Bank Ltd. CRISIL AA 7.00%Vedanta Ltd. CRISIL AA 5.25%ICICI Bank Ltd. [ICRA]AA+ 3.82%HDFC Bank Ltd. CRISIL AAA 3.19%Muthoot Finance Ltd. CRISIL AA 2.89%Yes Bank Ltd. [ICRA]BBB+ 2.76%Edelweiss Housing Finance Ltd. [ICRA]AA- 2.76%HDFC Bank Ltd. CRISIL AA+ 2.59%Tata Power Company Ltd. IND AA 2.55%Indiabulls Housing Finance Ltd. BWR AA+ 2.42%National Bank for Agriculture and Rural Development CRISIL AAA 2.17%


Bank of Baroda CRISIL AA+ 1.65%IIFL Home Finance Ltd. CRISIL AA 1.50%Dewan Housing Finance Corporation Ltd. CARE D 1.32%

Reliance Industries Ltd. CRISIL AAA 0.30%Bank of Baroda CARE AA 0.15%Total 61.69%MONEY MARKET INSTRUMENTCertificate of Deposits**Utkarsh Small Finance Bank Ltd. [ICRA]A1 8.94%

ICICI Bank Ltd. [ICRA]A1+ 3.70%IndusInd Bank Ltd. CRISIL A1+ 1.47%Total 14.11%UnlistedPowergrid Vizag Transmission Ltd. CRISIL AAA(SO) 1.52%

Total 1.52%TREPS / Reverse Repo Investments 19.09%Total 19.09%Cash & Cash EquivalentsNet Receivable/Payable 2.21%Total 2.21%Grand Total 100.00%

4Formerly known as Baroda Pioneer Credit Opportunities Fund

Mr. Alok Sahoo


Mr. Karn Kumar&


& Mr. Karn Kumar is managing the Scheme along with Mr. Alok Sahoo effective July 24, 2017

Instruments

61.69%

19.09%

14.11%

2.21%1.52%

0.86%0.52%

BONDS & NCDs


Certificate of Deposits


Unlisted


State GovernmentSecurities

29 November, 2019

15


Portfolio


Riskometer


• Credit risk free regular Income over long term.

• Investment only in Government (both Central and State Government) Securities.


Investment ObjectiveTo generate income by investing in a portfolio of Government securities.

Plan A 1.88%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Manager#

March 21, 2002

I SEC-MI BEX



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


Entry Load: NA

Exit 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.

Ms. Hetal Shah


AAUM & AUM

AAUM ` 34.70 Crs

AUM ` 27.65 Crs





Baroda Gilt Fund£

An open ended debt scheme investing in government securities across maturity.

Plan A `

Growth 30.5309

Dividend 21.6503

Plan B- Direct `

Growth 32.4378

Dividend 28.0822



% to NetAssets


6.68% CGL 2031 Sovereign 26.26%

7.26% CGL 2029 Sovereign 18.84%

8.24% CGL 2027 Sovereign 12.55%

7.59% CGL 2029 Sovereign 10.64%





Total 83.52%

STATE GOVERNMENT SECURITIES

9.39% SDL 2023 Sovereign 9.92%

Total 9.92%


Total 5.27%



Total 1.29%

Grand Total 100.00%

Ratings

6.56%

93.44%


Sovereign

Instruments

83.52%

9.92%

5.27% 1.29% Central GovernmentSecurities




29 November, 2019

16


Portfolio


Riskometer


• 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.


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

Plan A 1.57%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Managers#

June 30, 2012

CRISIL Composite Bond Fund Index



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


Entry Load: NA

Exit Load: 3%, if redeemed within 3 months from the date of allotment of units;

2%, if redeemed between 3 months 1 day to 6 months from the date of allotment of units;

1%, if redeemed between 6 months 1 day to 1 year from the date of allotment of units;

Nil, if redeemed after 1 year from the date of allotment of units.

Mr. Alok Sahoo


Ms. Hetal Shah


AAUM & AUM

AAUM ` 21.46 Crs

AUM ` 21.47 Crs





Plan A `

Growth 16.6281

Dividend 12.6833

Plan B - Direct `

Growth 17.4890

Dividend 13.4779


Baroda Dynamic Bond Fund£+

An open-ended dynamic debt scheme investing across duration.

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


% to NetAssets


6.68% CGL 2031 Sovereign 20.56%

6.79% CGL 2027 Sovereign 18.73%

8.28% CGL 2027 Sovereign 12.69%

7.59% CGL 2026 Sovereign 12.22%


Total 72.52%

STATE GOVERNMENT SECURITIES





Total 10.24%

BONDS & NCDs

Listed / awaiting listing on the stock exchanges


Dewan Housing Finance Corporation Ltd. CARE D 3.98%

Total 12.95%


Total 2.56%



Total 1.73%

Grand Total 100.00%

Ratings

4.29%

3.98%

8.97%

82.76%


CARE D

[ICRA]AA-

Sovereign

Instruments

72.52%

12.95%

10.24%

2.56%1.73% Central GovernmentSecurities

BONDS & NCDs




+Effective January 14, 2019, Baroda Income Fund was merged with Baroda Dynamic Bond Fund and Baroda Income Fund has ceased to exist.

29 November, 2019

17


Baroda Short Term Bond Fund£

An open-ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years (please refer to pg 34 of SID).

Portfolio

^ The Dividend Option has been renamed as Monthly Dividend Option and a Quarterly Dividend Option has been introduced effective December 23, 2016.# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25£ Pursuant to the SEBI circulars issued by SEBI on “Categorisation and Rationalisation of mutual fund schemes”, there has been change in the fundamental attributes of the scheme effective June 6, 2018.

Riskometer


• Regular Income over short term.

• Investment predominantly in Money Market Instruments (i.e. CP/CD) and Short Term Debt Market Instruments.


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

Plan A 1.30%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Managers#

June 30, 2010

CRISIL Short Term Bond Fund Index



A. Growth Option (default option in case no option specified by investor); B. Monthly Dividend^ 1. Payout 2. Re-investment (default sub-option in case no option specified by investor) C. Quarterly Dividend^ 1. Payout 2. Re-investment (default sub-option in case no option specified by investor)


Entry Load: NA

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


Mr. Alok Sahoo


Ms. Hetal Shah


AAUM & AUM

AAUM ` 326.44 Crs

AUM ` 327.46 Crs




Macaulay duration (Years) 2.38


Plan A `

Growth 21.0799

Dividend 10.1620


Plan B - Direct `

Growth 22.0092

Dividend 10.1628





% to NetAssets

BONDS & NCDs


National Bank for Agriculture and Rural Development

CRISIL AAA 11.75%

Bajaj Finance Ltd. CRISIL AAA 7.83%Reliance Industries Ltd. CRISIL AAA 7.69%IndusInd Bank Ltd. CRISIL AA 7.69%NHPC Ltd. IND AAA 6.49%Larsen & Toubro Ltd. CRISIL AAA 6.30%Hindustan Petroleum Corporation Ltd. CRISIL AAA 6.17%

Muthoot Finance Ltd. CRISIL AA 4.54%Edelweiss Commodities Services Ltd. [ICRA]AA- 4.41%


Vedanta Ltd. CRISIL AA 2.76%India Infoline Finance Ltd. [ICRA]AA 1.82%Aditya Birla Finance Ltd. [ICRA]AAA 1.72%Bank of Baroda [ICRA]AA 1.54%L&T Finance Ltd. [ICRA]AAA 1.53%Motilal Oswal Home Finance Ltd. [ICRA]A+ 0.61%

Total 76.21%MONEY MARKET INSTRUMENTCertificate of Deposits**Small Industries Development Bank of India CRISIL A1+ 6.52%

IndusInd Bank Ltd. CRISIL A1+ 6.03%ICICI Bank Ltd. [ICRA]A1+ 2.63%HDFC Bank Ltd. IND A1+ 1.51%Total 16.69%CENTRAL GOVERNMENT SECURITIES7.17% CGL 2028 Sovereign 2.54%Total 2.54%TREPS / Reverse Repo Investments 1.87%Total 1.87%Cash & Cash EquivalentsNet Receivable/Payable 2.69%Total 2.69%Grand Total 100.00%

Ratings

4.56%

0.61%

1.51%

2.54%

2.63%

3.25%

3.36%

4.41%

6.49%

12.55%

14.99%

43.10%


[ICRA]A+

IND A1+

Sovereign

[ICRA]A1+

[ICRA]AAA

[ICRA]AA

[ICRA]AA-

IND AAA

CRISIL A1+

CRISIL AA

CRISIL AAA

Instruments

76.21%

16.69%

2.69%2.54%1.87% BONDS & NCDs





29 November, 2019

18


Baroda Treasury Advantage Fund£

An open-ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months (please refer to pg 34 of SID).

Portfolio

$ 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 Treasury Advantage Fund (earlier called Institutional Plan)*For Disclaimer please refer page no 25# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25£ Pursuant to the SEBI circulars issued by SEBI on “Categorisation and Rationalisation of mutual fund schemes”, there has been change in the fundamental attributes of the scheme effective June 6, 2018.

Riskometer


• 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.


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

Plan A 0.90%


Date of Inception

Benchmark

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Managers#

June 24, 2009

CRISIL Low Duration Debt Index(Effective October 29, 2019)


A. Growth Option (default option in case no option specified by investor); B. Daily Dividend 1. Re-investment C. Weekly Dividend 1. Re-investment D. Monthly Dividend 1. Payout 2. Re-investment (default sub option in case no option specified by investor) E. Quarterly Dividend 1. Payout 2. Re-investment (default sub option in case no option specified by investor) F. Bonus Option$


Entry Load: NA

Exit Load: 3%, if redeemed within 3 months from the date of allotment of units;

2%, if redeemed between 3 months 1 day to 6 months from the date of allotment of units;

1%, if redeemed between 6 months 1 day to 1 year from the date of allotment of units;

Nil, if redeemed after 1 year from the date of allotment of units.

Mr. Alok Sahoo


Ms. Hetal Shah


AAUM & AUM

AAUM ` 112.49 Crs

AUM ` 105.22 Crs




Macaulay duration (Months) 13.78



Regular `

Growth 1676.4432Dividend - Daily 795.5525Dividend - Weekly 790.1986Dividend - Monthly 791.2077Plan A `

Bonus NAGrowth 1719.0416Dividend - Daily 814.6144Dividend - Weekly 790.4076Dividend - Monthly 791.2027Dividend - Quarterly 816.5305Plan B - Direct `

Growth 1757.0155Dividend - Daily 798.8016Dividend - Weekly 791.8333Dividend - Monthly 792.6690Dividend - Quarterly 827.1417



% to NetAssets

MONEY MARKET INSTRUMENT

Certificate of Deposits**

Small Industries Development Bank of India

CRISIL A1+ 11.10%

Total 11.10%

BONDS & NCDs


Yes Bank Ltd. [ICRA]BBB+ 23.49%

Motilal Oswal Home Finance Ltd. [ICRA]A+ 19.03%

Muthoot Finance Ltd. CRISIL AA 14.05%

India Infoline Finance Ltd. [ICRA]AA 8.51%

Indiabulls Housing Finance Ltd. BWR AA+ 3.85%


IndusInd Bank Ltd. CRISIL AA 0.92%

Dewan Housing Finance Corporation Ltd. CARE D 0.91%

Total 72.59%


Total 3.17%



Total 13.14%

Grand Total 100.00%

Ratings

16.31%

0.91%

1.83%

3.85%

8.51%

11.10%

14.97%

19.03%

23.49%


CARE D

[ICRA]AA-

BWR AA+

[ICRA]AA

CRISIL A1+

CRISIL AA

[ICRA]A+

[ICRA]BBB+

Instruments

72.59%

13.14%

11.10%3.17%

BONDS & NCDs



TREPS / Reverse RepoInvestmentsDHFL ( ISIN INE202B071K1) has defaulted in repaying the

maturity proceeds in Baroda Treasury Advantage Fund on 9th September 2019. The marked down value of the instrument as on that date in the books was Rs.11.25 crores.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.

29 November, 2019

19


Baroda Ultra Short Duration Fund(An open ended ultra short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months) (please refer to pg 33 of SID)

Portfolio

# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25

Riskometer


• Reasonable returns with convenience of liquidity over ultra-short Term.

• Investments in a basket of debt and money market in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months.


Investment Objective The primary objective of the Scheme is to generate regular income by investing in a portfolio of debt and money market instruments such that the Macaulay duration of the portfolio is between 3 months – 6 months (please refer to page no.33 of SID).However, there can be no assurance that the investment objective of the Scheme will be realized.

Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Fund Managers#

June 1, 2018

CRISIL Ultra Short Fund Index


Regular and Direct

A. Growth Option (default option in case no option specified by investor); B. Daily Dividend 1. Re-investment C. Weekly Dividend 1. Re-investment


Entry Load: NA Exit Load: NIL

Mr. Alok Sahoo


Ms. Hetal Shah





Macaulay duration (Months) 5.05


AAUM & AUM

AAUM ` 337.74 Crs

AUM ` 349.51 Crs

Regular 0.38%

Direct 0.20%

Total Expense Ratio

Regular `

Growth 1122.8914

Dividend - Daily 1006.2583

Dividend - Weekly 1003.6573

Direct `

Growth 1126.0846






% to NetAssets


Commercial Paper**Housing Development Finance Corporation Ltd.

CRISIL A1+ 7.08%

Reliance Industries Ltd. CRISIL A1+ 7.06%

Axis Finance Ltd. CRISIL A1+ 4.23%

Total 18.37%

Certificate of Deposit**

IndusInd Bank Ltd. CRISIL A1+ 9.67%Small Industries Development Bank of India

CRISIL A1+ 8.44%

Andhra Bank CARE A1+ 7.06%

Axis Bank Ltd. CRISIL A1+ 6.93%

HDFC Bank Ltd. IND A1+ 5.65%

ICICI Bank Ltd. [ICRA]A1+ 4.38%National Bank for Agriculture and Rural Development

CRISIL A1+ 3.95%

Total 46.08%

BONDS & NCDs


Export-Import Bank of India CRISIL AAA 7.18%

Bank of Baroda CARE AA 6.88%Motilal Oswal Home Finance Ltd.

[ICRA]A+ 3.72%

National Bank for Agriculture and Rural Development

CRISIL AAA 2.31%


CRISIL AAA 1.44%

Total 21.53%


Total 12.29%



Total 1.73%

Grand Total 100.00%

Ratings

14.02%

3.72%

4.38%

5.65%

6.88%

7.06%

10.93%

47.36%


[ICRA]A+

[ICRA]A1+

IND A1+

CARE AA

CARE A1+

CRISIL AAA

CRISIL A1+

Instruments

46.08%

21.53%

18.37%

12.29%1.73% Certificate of Deposits

BONDS & NCDs

Commercial Paper



29 November, 2019

20


Portfolio

$ 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 Liquid Fund (earlier called Institutional Plan)

*For Disclaimer please refer page no 25# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25

Riskometer


• 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.


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

Date of Inception

Benchmark

Minimum Investment

Load Structure

February 5, 2009

CRISIL Liquid Fund Index


Entry Load: NA

Exit Load: (Effective October 20, 2019)

The above load shall be applicable for all fresh investments (including ongoing SIP/STP/SWP instalments falling on or after the effective date) and Dividend Transfer Plan if the transfer is from BLF on or after the effective date.

Regular `

Growth 3281.4470

Dividend 2811.3970


Plan A `

Growth 2230.0076



Plan B - Direct `

Growth 2244.6992




Baroda Liquid FundAn open ended liquid scheme



% to NetAssets

MONEY MARKET INSTRUMENTCommercial Paper**Reliance Jio Infocomm Ltd. CRISIL A1+ 6.30%Aditya Birla Housing Finance Ltd. [ICRA]A1+ 2.81%

Bharat Petroleum Corporation Ltd. CRISIL A1+ 2.81%

Aditya Birla Finance Ltd. [ICRA]A1+ 2.81%IIFL Wealth Finance Ltd. CRISIL A1+ 2.80%Adani Ports and Special Economic Zone Ltd. [ICRA]A1+ 2.78%

Power Grid Corporation of India Ltd. CRISIL A1+ 2.46%

Indian Oil Corporation Ltd. CRISIL A1+ 2.11%Reliance Industries Ltd. CRISIL A1+ 2.11%Motilal Oswal Financial Services Ltd. CRISIL A1+ 2.08%

Manappuram Finance Ltd. CRISIL A1+ 1.40%Tata Motors Finance Ltd. CRISIL A1+ 1.41%Essel Mining & Industries Ltd. [ICRA]A1+ 1.41%Tata Power Company Ltd. CRISIL A1+ 1.41%CESC Ltd. [ICRA]A1+ 1.40%Chambal Fertilisers and Chemicals Ltd.

CRISIL A1+ 1.40%

Total 37.50%Certificate of Deposit**IndusInd Bank Ltd. CRISIL A1+ 6.69%Axis Bank Ltd. CRISIL A1+ 6.32%National Bank for Agriculture and Rural Development CRISIL A1+ 5.00%

Andhra Bank CARE A1+ 2.81%IDFC First Bank Ltd. [ICRA]A1+ 2.09%Total 22.91%Treasury Bills91 DAY T-BILL 19.12.19 Sovereign 7.03%91 DAY T-BILL 12.12.19 Sovereign 4.70%42 DAYS CMB 17.12.19 Sovereign 4.06%91 DAY T-BILL 05.12.19 Sovereign 2.72%Total 18.51%TREPS / Reverse Repo Investments 21.10%Total 21.10%Cash & Cash EquivalentsNet Receivable/Payable -0.02%Total -0.02%Grand Total 100.00%

Investor exit upon subscription

Exit load as % of Redemption proceeds

Day 1 0.0070%

Day 2 0.0065%Day 3 0.0060%Day 4 0.0055%Day 5 0.0050%Day 6 0.0045%Day 7 onwards 0.0000%

SIP (Minimum)

Plans & Option

Fund Managers#



A. Growth Option (default option in case no option specified by investor); B. Daily Dividend 1. Re-investment C. Weekly Dividend 1. Re-investment D. Bonus Option$

Mr. Alok Sahoo


Ms. Hetal Shah






AAUM & AUM

AAUM ̀ 6,328.62 Crs

AUM ̀ 7,098.18 Crs

Plan A 0.29%


Total Expense Ratio

Ratings

21.08%

2.81%

13.30%

18.51%

44.30%


CARE A1+

[ICRA]A1+

Sovereign

CRISIL A1+

Instruments

37.50%

22.91%

21.10%

18.51%-0.02%

Commercial Paper



Treasury Bills


29 November, 2019

21


Investment ObjectiveThe primary objective of the scheme is to generate returns, commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of one business day. There is no assurance that the investment objective of the scheme will be realized.

Benchmark

Plans & Option

Minimum Investment

Load Structure

CRISIL Overnight Index

RegulaR and diRect


B. Dividend Option

The Dividend option offers the following sub-options1. Daily Dividend (default in case no sub-option is specified by the investor)2. Weekly DividendDividends, if any, declared by the scheme will be compulsorily re-invested.


Entry Load: NA

Exit Load: NIL

Date of InceptionApril 25, 2019

Baroda Overnight Fund(An open-ended debt scheme investing in overnight securities)

Portfolio

Name of Instruments% to Net

Assets


Total 99.50%



Total 0.50%

Grand Total 100.00%

Riskometer


• Generate returns, commensurate with low risk and high level of liquidity.

• Invest in overnight securities having maturity of one business day.


Regular `

Growth 1032.3672



Direct `

Growth 1032.6767




SIP (Minimum)

Fund Managers


Mr. Alok Sahoo


Ms. Hetal Shah


AAUM & AUM

AAUM ` 377.86 Crs

AUM& ` 275.00 Crs

Regular 0.11%

Direct 0.06%

Total Expense Ratio





29 November, 2019

22


Investment ObjectiveThe primary objective of the Scheme is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made in money market instruments.

Baroda Money Market FundAn open ended debt scheme investing in money market instruments.

Riskometer


• Regular income over short term.

• Investments in money market instruments having maturity upto 1 year.


Regular `

Growth 1033.3798



Direct `

Growth 1034.7059


Dividend - Weekly NA

Dividend - Monthly NA


Portfolio



% to NetAssets


Commercial Paper**

HDB Financial Services Ltd. CRISIL A1+ 22.31%

Axis Finance Ltd. CRISIL A1+ 15.93%

Housing Development Finance Corporation Ltd. CRISIL A1+ 7.98%

Total 46.22%

Certificate of Deposit**

National Bank for Agriculture and Rural Development CRISIL A1+ 17.54%

Small Industries Development Bank of India

CRISIL A1+ 15.93%

IndusInd Bank Ltd. CRISIL A1+ 11.15%

Total 44.62%


Total 8.95%



Total 0.21%

Grand Total 100.00%

Ratings

9.16%

90.84%


CRISIL A1+

Instruments

46.22%

44.62%

8.95%0.21% Commercial Paper




Benchmark

Plans & Option

Minimum Investment

Load Structure

CRISIL Money Market Index

RegulaR and diRect


B. Dividend Option

The Dividend option offers the following sub-options1. Daily Dividend • Re-investment2. Weekly Dividend • Re-investment3. Monthly Dividend • Pay-out and• Re-investment (default)Dividend declared by the Scheme in Daily Dividend and Weekly Dividend will be compulsorily re-invested.


Entry Load: NA

Exit Load: NIL

Date of InceptionJune 19, 2019






AAUM & AUM

AAUM ` 59.96 Crs

AUM ` 61.88 Crs

Regular 0.61%

Direct 0.32%

Total Expense Ratio

Fund Managers

Mr. Alok Sahoo


Mr. Karn Kumar


29 November, 2019

23


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 Multi Cap Fund (formerly known as Baroda Pioneer Growth Fund) (in %)^ 8.80 7.97 5.36 15.23

S&P BSE 500 TRI (Scheme Benchmark) (in %)* 9.19 13.00 8.62 15.82

Nifty 50 TRI (Standard Benchmark) (in %)$ 12.38 15.12 8.39 15.83

` 10,000, if invested in BMCF, would have become ` 10,880 ` 12,585 ` 12,987 ` 99,750

` 10,000, if invested in S&P BSE 500 TRI, would have become ` 10,919 ` 14,423 ` 15,126 ` 108,423

` 10,000, if invested in Nifty 50 TRI, would have become ` 11,238 ` 15,252 ` 14,967 ` 108,531^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 November 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 October 29, 2019 the benchmark has been changed to S&P BSE 500 TRI. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI). As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 12 Sep 2003 to 29 June 2007, and TRI values since 29 June 2007.



Baroda ELSS’ 96 (in %)^ 4.95 5.88 3.87 11.70

S&P BSE 200 TRI (Scheme Benchmark) (in %)* 10.40 13.79 8.92 12.84


` 10,000, if invested in BELSS’96, would have become ` 10,495 ` 11,869 ` 12,093 ` 137,367

` 10,000, if invested in S&P BSE 200 TRI, would have become ` 11,040 ` 14,727 ` 15,334 ` 174,851

` 10,000, if invested in Nifty 50 TRI, would have become ` 11,238 ` 15,252 ` 14,967 ` 171,600^Past performance may or may not be sustained in the future.Data is for Dividend Option. Plan A and Plan B (Direct) have different expense structures. The last working day of November 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.



Baroda Hybrid Equity Fund (formerly known as Baroda Pioneer Balance Fund) (in %)^ 3.76 6.51 5.50 11.12

CRISIL Hybrid 35+65 - Aggressive index& (Scheme Benchmark) (in %) 11.26 11.41 9.09 13.16


` 10,000, if invested in BHEF, would have become ` 10,376 ` 12,081 ` 13,075 ` 55,320

` 10,000, if invested in CRISIL Hybrid 35+65 - Aggressive index (effective February 1, 2018), would have become ` 11,126 ` 13,825 ` 15,459 ` 74,283

` 10,000, if invested in Nifty 50 TRI, would have become ` 11,238 ` 15,252 ` 14,967 ` 108,531^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 November has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015.&(Benchmark has been renamed effective February 1, 2018). The equity component of the index has been changed from Nifty 50 to S&P BSE 200. The index will be total return index in the equity component from August 1, 2016 while the debt component will be total return since inception. Price return of S&P BSE 200 (equity component) will be used for computing index values prior to August 1, 2016. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).



Baroda Mid-Cap Fund (in %)^ 1.99 5.09 -0.61 -1.45

S&P BSE MidCap TRI (Scheme Benchmark)& (in %) 1.32 7.61 9.19 8.17


` 10,000, if invested in BMCF, would have become ` 10,199 ` 11,605 ` 9,701 ` 8,750

` 10,000, if invested in S&P BSE MidCap TRI, would have become ` 10,132 ` 12,458 ` 15,528 ` 20,530

` 10,000, if invested in Nifty 50 TRI, would have become ` 11,238 ` 15,252 ` 14,967 ` 21,922^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 November 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).



Baroda Large Cap Fund (in %)^ 11.21 9.02 5.59 4.55

Nifty 100 TRI (Scheme Benchmark)& (in %) 11.32 14.45 8.78 10.71


` 10,000, if invested in BLCF, would have become ` 11,121 ` 12,953 ` 13,132 ` 15,220

` 10,000, if invested in Nifty 100 TRI, would have become ` 11,132 ` 14,984 ` 15,237 ` 26,149

` 10,000, if invested in Nifty 50 TRI, would have become ` 11,238 ` 15,252 ` 14,967 ` 25,484^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 November 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).

24





Baroda Banking and Financial Services Fund (in %)^ 23.24 16.42 9.69 13.51Nifty Bank Index TRI (Scheme Benchmark) (in %) 19.50 20.31 12.25 17.71Nifty 50 TRI (Standard Benchmark) (in %)$ 12.38 15.12 8.39 13.54` 10,000, if invested in BBFSF, would have become ` 12,324 ` 15,774 ` 15,891 ` 25,680` 10,000, if invested in Nifty Bank Index TRI, would have become ` 11,950 ` 17,407 ` 17,831 ` 33,652` 10,000, if invested in Nifty 50 TRI, would have become ` 11,238 ` 15,252 ` 14,967 ` 25,719^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 November 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: 14/11/20181 Year Since Inception

Scheme Name & BenchmarkBaroda Dynamic Equity Fund (in %)^ 9.91 10.7350% S&P BSE 200 Index and 50% CRISIL Short Term Bond Fund Index TRI (Scheme Benchmark) (in %) 10.56 11.66Nifty 50 TRI (Standard Benchmark) (in %)$ 12.38 14.88` 10,000, if invested in BDEF, would have become ` 10,991 ` 11,120` 10,000, if invested in 50% S&P BSE 200 Index and 50% CRISIL Short Term Bond Fund Index TRI, would have become ` 11,056 ` 11,217` 10,000, if invested in Nifty 50 TRI, would have become ` 11,238 ` 11,553^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 November has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. &Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).



Baroda Short Term Bond Fund (in %)^ 9.57 7.88 8.44 8.24CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 10.39 7.30 8.26 8.30CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 8.09 6.72 7.24 7.01` 10,000, if invested in BSTBF, would have become ` 10,957 ` 12,551 ` 14,998 ` 21,080` 10,000, if invested in CRISIL Short Term Bond Fund Index, would have become ` 11,039 ` 12,350 ` 14,876 ` 21,201` 10,000, if invested in CRISIL 1 year T-Bill, would have become ` 10,809 ` 12,154 ` 14,189 ` 18,928^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 November 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.



Baroda Liquid Fund (in %)^ 6.82 6.96 7.43 7.69CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 7.04 7.04 7.42 7.41CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 8.08 6.72 7.25 6.41` 10,000, if invested in BLF, would have become ` 10,682 ` 12,236 ` 14,315 ` 22,300` 10,000, if invested in CRISIL Liquid Fund Index, would have become ` 10,704 ` 12,264 ` 14,303 ` 21,675` 10,000, if invested in CRISIL 1 year T-Bill, would have become ` 10,808 ` 12,155 ` 14,191 ` 19,582^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 November 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.



Baroda Treasury Advantage Fund (in %)^ -18.82 -2.38 2.15 5.33CRISIL Low Duration Debt Index (Scheme Benchmark) (in %)* 9.00 7.65 8.25 7.73CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 8.09 6.72 7.24 6.51` 10,000, if invested in BTAF, would have become ` 8,118 ` 9,303 ` 11,123 ` 17,190` 10,000, if invested in CRISIL Low Duration Debt Index, would have become ` 10,900 ` 12,472 ` 14,870 ` 21,751` 10,000, if invested CRISIL 1 year T-Bill, would have become ` 10,809 ` 12,154 ` 14,189 ` 19,318^Past performance may or may not be sustained in the future.*With effect from October 29, 2019 the benchmark has been changed to CRISIL Low Duration Debt Index.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of November 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.



Baroda Dynamic Bond Fund (in %)^ -2.54 2.10 6.03 7.09CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 12.39 6.59 8.76 8.81CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 8.09 6.72 7.24 7.26` 10,000, if invested in BDBF, would have become ` 9,746 ` 10,641 ` 13,406 ` 16,628` 10,000, if invested in CRISIL Composite Bond Fund Index, would have become ` 11,239 ` 12,108 ` 15,226 ` 18,710` 110,000, if invested CRISIL 1 year T-Bill, would have become ` 10,809 ` 12,154 ` 14,189 ` 16,826^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 November 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. Dipak Acharya

Funds Managed by Mr. Sanjay Chawla, Mr. Alok Sahoo and Mr. Dipak Acharya

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

25



Date Of Inception: 01/06/20181 Year Since Inception

Scheme Name & Benchmark

Baroda Ultra Short Duration Fund (in %)^ 7.92 8.06

CRISIL Ultra Short Fund Index (Scheme Benchmark) (in %) 8.21 8.25

CRISIL 1 Year T-Bill Index (Standard Benchmark)$ 8.09 7.82

` 10,000, if invested in BUSDF, would have become ` 10,792 ` 11,229

` 10,000, if invested in CRISIL Ultra Short Fund Index, would have become ` 10,821 ` 11,260

` 10,000, if invested in CRISIL 1 Year T-Bill Index, would have become ` 10,809 ` 11,193^Past performance may or may not be sustained in the future.Data is for for Plan A - Growth Option. Regular and Direct have different expense structures. The last working day of November 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 more than 1 year but less than 3 years since inception.

Date Of Inception: 23/01/20151 Year 3 Years


Baroda Credit Risk Fund (formerly known as Baroda Pioneer Credit Opportunities Fund) (in %)^ 2.86 5.36 7.63CRISIL Short Term Credit Risk Index (Scheme Benchmark) (in %)* 10.72 8.01 8.91CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 8.09 6.72 7.17` 10,000, if invested in BCRF, would have become ` 10,286 ` 11,696 ` 14,285` 10,000, if invested in CRISIL Short Term Credit Risk Index, would have become ` 11,072 ` 12,597 ` 15,130` 10,000, if invested CRISIL 1 year T-Bill, would have become ` 10,809 ` 12,154 ` 13,993^Past performance may or may not be sustained in the future.*With effect from October 29, 2019 the benchmark has been changed to CRISIL Short Term Credit Risk FUnd.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of November has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. The Scheme has been in existence for 3 years but less than 5 years. Mr. Karn Kumar is managing the scheme along with Mr. Alok Sahoo since July 24, 2017.



Baroda Conservative Hybrid Fund (formerly known as Baroda Pioneer Monthly Income Plan (MIP) Fund) (in %)^ 12.26 6.69 7.47 6.37

CRISIL Hybrid 85+15 - Conservative Index& (Scheme Benchmark) (in %) 12.19 7.75 8.91 8.70

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ 12.98 4.96 8.13 6.19

` 10,000, if invested in BCHF, would have become ` 11,226 ` 12,142 ` 14,340 ` 25,600

` 10,000, if invested in CRISIL Hybrid 85+15 - Conservative Index, would have become ` 11,219 ` 12,506 ` 15,333 ` 35,627

` 10,000, if invested in CRISIL 10 Year Gilt Index, would have become ` 11,298 ` 11,563 ` 14,786 ` 24,983^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 November 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.



Baroda Gilt Fund (in %)^ 10.96 4.76 7.73 6.51

I-Sec Mi-BEX (Scheme Benchmark) (in %) 12.31 7.30 9.29 7.94

CRISIL 10 Year Gilt Index (Standard Benchmark)$ 12.98 4.96 8.13 6.77

` 10,000, if invested in BGF, would have become ` 11,096 ` 11,497 ` 14,519 ` 30,531

` 10,000, if invested in I-Sec Mi-BEX, would have become ` 11,231 ` 12,352 ` 15,599 ` 38,678

` 10,000, if invested in CRISIL 10 Year Gilt Index, would have become ` 11,298 ` 11,563 ` 14,786 ` 31,900^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 November 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.

Performances of Baroda Equity Savings Fund, Baroda Money Market Fund and Baroda Overnight Fund have not been provided as the schemes have not completed one year since inception.

Funds Managed by Ms. Hetal Shah

Disclaimers: Nifty Bank Index and Nifty 100: Baroda Large Cap Fund and Baroda Banking and Financial Services Fund (“said Schemes”) offered by Baroda 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 ELSS’ 96 Fund (“said Scheme”) offered by Baroda Mutual Fund is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Scheme or any member of the public regarding the advisability of investing in securities generally or in the said Scheme 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 500: Baroda Multi Cap Fund (“said Scheme”) offered by Baroda Mutual Fund is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Scheme or any member of the public regarding the advisability of investing in securities generally or in the said Scheme linked to S&P BSE 500 or particularly in the ability of the S&P BSE 500 and to track general stock market performance in India. Please read the full disclaimers in relation to the S&P BSE 500 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 Asset Management India 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 Asset Management India Ltd. Baroda 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.

Funds Managed by Mr. Alok Sahoo and Mr. Karn Kumar

26


SIP Returns

Baroda Multi Cap Fund(formerly known as Baroda Pioneer Growth Fund)

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

Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 1,950,000 Total Value as on November 29, 2019 (Rs) 125,553 380,671 690,711 1,140,903 1,884,275 5,358,510 Returns (%) 8.76 3.67 5.58 8.62 8.74 11.45 Total Value of S&P BSE 500 TRI* (Rs) 127,256 407,087 768,461 1,275,960 2,185,232 6,081,208 S&P BSE 500 TRI* Returns (%) 11.49 8.17 9.85 11.75 11.54 12.79 Total Value of Nifty 50 TRI (Rs) 128,936 428,128 798,760 1,288,625 2,192,585 6,081,283 Nifty 50 TRI Returns (%) 14.21 11.62 11.41 12.03 11.60 12.79 *With effect from October 29, 2019 the benchmark has been changed to S&P BSE 500.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI). As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 12 Sep 2003 to 29 June 2007, and TRI values since 29 June 2007.

Baroda ELSS’ 96 1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionTotal Amount Invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 2,850,000 Total Value as on November 29, 2019 (Rs) 123,659 365,356 657,927 1,085,916 1,822,886 15,081,907 Returns (%) 5.75 0.96 3.65 7.23 8.11 12.20 Total Values of S&P BSE 200 TRI* (Rs) 128,121 415,597 783,058 1,294,203 2,221,804 20,374,218 S&P BSE 200 TRI* Returns (%) 12.89 9.58 10.61 12.15 11.85 14.20 Total Value of Nifty 50 TRI (Rs) 128,936 428,128 798,760 1,288,625 2,192,585 19,255,158 Nifty 50 TRI Returns (%) 14.21 11.62 11.41 12.03 11.60 13.83 * 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 benchmark / standard benchmark index (TRI). As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 12 Sep 2003 to 29 June 2007, and TRI values since 29 June 2007.

Baroda Hybrid Equity Fund(formerly known as Baroda Pioneer Balance Fund)

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

Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 1,950,000 Total Value as on November 29, 2019 (Rs) 122,514 372,567 679,079 1,089,706 1,818,857 4,119,799 Returns (%) 3.94 2.25 4.90 7.33 8.07 8.61 Total Values of CRISIL Hybrid 35+65 – Aggressive Index (Rs) 128,098 415,014 773,030 1,250,612 2,119,984 5,379,214 CRISIL Hybrid 35+65 – Aggressive Index (%) 12.85 9.49 10.09 11.19 10.97 11.49 Total Value of Nifty 50 TRI (Rs) 128,936 428,128 798,760 1,288,625 2,192,585 6,081,597

Nifty 50 TRI Returns (%) 14.21 11.62 11.41 12.03 11.60 12.79 The equity component of the index has been changed from Nifty 50 to S&P BSE 200. The index will be total return index in the equity component from August 1, 2016 while the debt component will be total return since inception. Price return of S&P BSE 200 (equity component) will be used for computing index values prior to August 1, 2016. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).

Baroda Mid-Cap Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionTotal Amount Invested (Rs) 120,000 360,000 600,000 840,000 NA 1,100,000 Total Value as on November 29, 2019 (Rs) 120,571 354,130 627,102 935,970 NA 1,226,293 Returns (%) 0.89 -1.07 1.74 3.05 NA 2.34 Total Values of S&P BSE MidCap TRI^^ (Rs) 124,709 368,385 708,262 1,271,739 NA 1,937,381 S&P BSE MidCap TRI ^^ Returns (%) 7.42 1.51 6.58 11.66 NA 11.95 Total Value of Nifty 50 TRI (Rs) 128,936 428,128 798,760 1,288,625 NA 1,930,372 Nifty 50 TRI Returns (%) 14.21 11.62 11.41 12.03 NA 11.88 ^^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 Large Cap Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionTotal Amount Invested (Rs) 120,000 360,000 600,000 840,000 NA 1,140,000 Total Value as on November 29, 2019 (Rs) 128,489 401,799 726,104 1,187,116 NA 1,725,052 Returns (%) 13.48 7.29 7.58 9.73 NA 8.48 Total Values of Nifty 100 TRI^^ (Rs) 128,544 421,411 791,523 1,295,292 NA 2,062,897 Nifty 100 TRI ^^ Returns (%) 13.57 10.53 11.04 12.17 NA 12.05 Total Value of Nifty 50 TRI (Rs) 128,936 428,128 798,760 1,288,625 NA 2,031,303 Nifty 50 TRI Returns (%) 14.21 11.62 11.41 12.03 NA 11.75 ^^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).

Baroda Banking and Financial Services Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionTotal Amount Invested (Rs) 120,000 360,000 600,000 840,000 NA 900,000 Total Value as on November 29, 2019 (Rs) 136,355 446,643 842,320 1,395,754 NA 1,547,432 Returns (%) 26.43 14.56 13.56 14.27 NA 14.16 Total Value of Nifty Bank Index TRI (Rs) 133,918 459,601 900,093 1,555,680 NA 1,747,214 Nifty Bank Index TRI Returns (%) 22.37 16.58 16.26 17.31 NA 17.31 Total Value of Nifty 50 TRI (Rs) 128,936 428,128 798,760 1,288,625 NA 1,436,049 Nifty 50 TRI Returns (%) 14.21 11.62 11.41 12.03 NA 12.22

Baroda Conservative Hybrid Fund(formerly known as Baroda Pioneer Monthly Income Plan (MIP) Fund) 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception

Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 1,830,000 Total Value as on November 29, 2019 (Rs) 127,341 408,707 729,957 1,124,713 1,823,335 3,226,512 Returns (%) 11.63 8.44 7.79 8.22 8.12 7.05 Total Value of CRISIL Hybrid 85+15 - Conservative Index (Rs) 127,866 412,263 752,261 1,176,090 1,940,556 3,763,682 CRISIL Hybrid 85+15 - Conservative Index (%) 12.48 9.03 9.00 9.47 9.30 8.88 Total Value of CRISIL 10 Year Gilt Index Returns (Rs) 127,784 407,975 730,931 1,114,257 1,773,577 3,229,171 CRISIL 10 Year Gilt Index Returns (%) 12.35 8.32 7.84 7.95 7.59 7.06

Baroda Dynamic Equity Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionTotal Amount Invested (Rs) 120,000 NA NA NA NA 130,000 Total Value as on November 29, 2019 (Rs) 127,525 NA NA NA NA 138,645 Returns (%) 11.93 NA NA NA NA 11.75 Total Value of 50% S&P BSE 200 Index and 50% CRISIL Short Term Bond Fund Index (TRI) (Rs) 127,435 NA NA NA NA 138,656

CRISIL 50% S&P BSE 200 Index and 50% CRISIL Short Term Bond Fund Index (TRI) (%) 11.79 NA NA NA NA 11.77

Total Value of Nifty 50 TRI (Rs) 128,936 NA NA NA NA 140,483 Nifty 50 TRI (%) 14.21 NA NA NA NA 14.29 Past performance may or may not be sustained in the future.For SIP calculations above, the data assumes the investment of `10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV.CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return). Where Benchmark returns are not available, they have not been shown.

27


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

Baroda Multi Cap Fund (formerly known as Baroda Pioneer Growth Fund) - Plan A - Dividend22-Mar-19 30.20 2.8016-Mar-18 37.10 3.5023-Mar-17 35.86 2.50 Baroda Multi Cap Fund (formerly known as Baroda Pioneer Growth Fund) - Plan B - Direct - Dividend22-Mar-19 30.33 2.8016-Mar-18 36.88 3.5023-Mar-17 35.33 2.50 Baroda ELSS 96 - Plan A - Dividend22-Mar-19 26.45 1.5516-Mar-18 32.86 3.2523-Mar-17 32.07 2.50 Baroda ELSS 96 - Plan B - Direct - Dividend22-Mar-19 32.18 1.5516-Mar-18 38.61 3.2523-Mar-17 36.88 2.50 Baroda Large Cap Fund - Plan A - Dividend22-Mar-19 11.22 0.95Baroda Large Cap Fund - Plan B - Direct - Dividend22-Mar-19 11.82 0.95Baroda Banking and Financial Services Fund - Plan A - Dividend22-Mar-19 15.23 1.8516-Mar-18 17.11 1.75Baroda Banking and Financial Services Fund - Plan B - Direct - Dividend22-Mar-19 16.23 1.8516-Mar-18 17.89 1.75Baroda Hybrid Equity Fund (formerly known as Baroda Pioneer Balance Fund) - Plan A - Dividend04-Oct-19 14.95 0.3327-Jun-19 15.77 0.3422-Mar-19 15.87 0.33Baroda Hybrid Equity Fund (formerly known as Baroda Pioneer Balance Fund) - Plan B - Direct - Dividend04-Oct-19 16.96 0.3327-Jun-19 17.85 0.3422-Mar-19 17.89 0.33Baroda Conservative Hybrid Fund (formerly known as Baroda Pioneer MIP Fund) - Plan A - Monthly Dividend27-Nov-19 14.0610 0.0725-Oct-19 13.9661 0.0727-Sep-19 13.9054 0.07Baroda Conservative Hybrid Fund (formerly known as Baroda Pioneer MIP Fund) - Plan B - Direct - Monthly Dividend27-Nov-19 14.7473 0.0725-Oct-19 14.6325 0.0727-Sep-19 14.5609 0.07Baroda Conservative Hybrid Fund (formerly known as Baroda Pioneer MIP Fund) - Plan A - Quarterly Dividend04-Oct-19 13.6305 0.2027-Jun-19 13.5106 0.2022-Mar-19 12.9263 0.20Baroda Conservative Hybrid Fund (formerly known as Baroda Pioneer MIP Fund) - Plan B - Direct - Quarterly Dividend27-Jun-19 13.5479 0.2002-Jul-18 13.1754 0.2016-Mar-18 13.5264 0.20Baroda Credit Risk Fund (formerly known as Credit Opportunities Pioneer Fund) - Plan A - Quarterly Dividend04-Oct-19 10.2252 0.0827-Jun-19 10.1433 0.1522-Mar-19 10.3839 0.21Baroda Credit Risk Fund (formerly known as Baroda Pioneer Credit Opportunities Fund) - Plan B - Direct - Quarterly Dividend04-Oct-19 10.8090 0.1027-Jun-19 10.6957 0.1522-Mar-19 10.9181 0.24

Record Date Ex-Dividend NAV (Rs) Per Unit$ (Rs)Baroda Credit Risk Fund (formerly known as Baroda Pioneer Credit Opportunities Fund) - Plan A - Monthly Dividend25-Oct-19 10.1291 0.0727-Sep-19 10.0829 0.0727-Aug-19 10.1508 0.07Baroda Credit Risk Fund (formerly known as Baroda Pioneer Credit Opportunities Fund) - Plan B - Direct - Monthly Dividend27-Nov-19 10.7805 0.0725-Oct-19 10.8139 0.0727-Sep-19 10.7576 0.07Baroda Dynamic Bond Fund - Plan A - Dividend16-Mar-18 13.3863 1.0027-Jun-16 12.1528 0.40 22-Mar-16 12.5843 0.70 Baroda Dynamic Bond Fund - Plan B - Direct - Dividend16-Mar-18 14.0540 1.0027-Jun-16 12.5981 0.40 22-Mar-16 13.0024 0.70 Baroda Gilt Fund - Plan A - Dividend16-Mar-18 20.1217 1.5024-Jun-16 19.4927 1.20 22-Mar-16 20.3147 1.20 Baroda Gilt Fund - Plan B - Direct - Dividend21-Mar-14 16.5462 2.70 Baroda Liquid Fund - Plan A - Dividend04-Mar-05 1016.27 35.0006-Jan-04 1004.32 95.0013-May-02 1002.43 7.50Baroda Short Term Bond Fund - Plan A - Monthly Dividend27-Nov-19 10.2168 0.0625-Oct-19 10.1870 0.0627-Sep-19 10.1025 0.06Baroda Short Term Bond Fund - Plan B - Direct - Monthly Dividend27-Nov-19 10.2234 0.0725-Oct-19 10.1926 0.0627-Sep-19 10.1034 0.07Baroda Short Term Bond Fund - Plan A - Quarterly Dividend04-Oct-19 10.5125 0.1527-Jun-19 10.2653 0.17Baroda Short Term Bond Fund - Plan B - Direct - Quarterly Dividend04-Oct-19 10.6429 0.1527-Jun-19 10.3736 0.17Baroda Treasury Advantage Fund Reg - Monthly Dividend26-Apr-19 1001.01 3.4727-Mar-19 1000.99 8.8027-Feb-19 1000.40 1.48 Baroda Treasury Advantage Fund - Plan A - Monthly Dividend26-Apr-19 1001.01 3.4727-Mar-19 1000.99 8.8027-Feb-19 1000.40 1.48 Baroda Treasury Advantage Fund - Plan B - Direct - Monthly Dividend26-Apr-19 1001.05 3.7327-Mar-19 1001.01 9.0327-Feb-19 1000.42 1.74 Baroda Treasury Advantage Fund Reg - Quarterly Dividend27-Jun-14 1006.66 23.3821-Mar-14 1011.22 7.7924-Jun-16 1036.72 14.45Baroda Treasury Advantage Fund - Plan A - Quarterly Dividend22-Mar-19 1028.09 17.0026-Dec-18 1029.11 17.00 26-Sep-18 1035.45 17.00Baroda Treasury Advantage Fund - Plan B - Direct - Quarterly Dividend22-Mar-19 1039.25 18.0026-Dec-18 1040.36 17.00 26-Sep-18 1025.18 17.00Baroda Money Market Fund - Direct - Monthly Dividend27-Aug-19 1004.08 6.2426-Jul-19 1002.95 5.7327-Jun-19 1000.30 1.20

$ Face value is ` 10/- in all schemes other than Baroda Liquid Fund, Baroda Treasury Advantage Fund and Baroda Money Market Fund where the face value is ` 1,000/- per unit.# Pursuant to payment of dividend, the NAVs of the schemes would fall to the extent of payout and statutory levy (if applicable).

Dividend History

28


KFIN Technologies Private Limited(Effective December 05, 2019)

Address and Contact details MFS Branches

• Agartala: Tel: 0381-2317519 Email: [email protected] • Agra: Tel: 7518801801 Email: [email protected] • Ahmedabad: Tel: 9081903021 Email: [email protected] • Ajmer: Tel: 0145-5120725 Email: [email protected] •Akola: Tel: 0724-2451874 Email: [email protected] • Aligarh: Tel: 7518801802 Email: [email protected] • Allahabad: Tel: 7518801803 Email: [email protected] • Alleppy: Tel: 0477 2263055 Email: [email protected] • Alwar: Tel: 0144-2335550 / 0144-2335551 Email: [email protected] • Amaravathi: Tel: 0721 2569198 Email: [email protected] • Ambala: Tel: 7518801804 Email: [email protected] • Amritsar: Tel: 0183-5053802 Email: [email protected] • Anand: Tel: 9081903038 Email: [email protected] • Ananthapur: Tel: 08554-244449 Email: [email protected] • Ankleshwar: Tel: 9081903037 Email: [email protected] • Asansol: Tel: 0341-2220077 Email: [email protected] •Aurangabad: Tel: 0240-2343414 Email: [email protected] • Azamgarh: Tel: 05462-247947 / 7518801805 Email: [email protected] • Balasore: Tel: 06782-260503 Email: [email protected] • Bangalore: Tel: 080-26602852 Email: [email protected] • Bankura: Tel: 03242-255964 Email: [email protected] • Bareilly: Tel: 7518801806 Email: [email protected] • Barhampore (WB): Tel: 0348- 2274494 / 0348-2254745 / 2309237 Email: [email protected] • Baroda: Tel: 0265-2353506/07 Email: [email protected] • Begusarai: Tel: 7518801807 Email: [email protected] • Belgaum: Tel: 0831 2402544 Email: [email protected] • Bellary: Tel: 08392-254750 Email: [email protected] • Berhampur (OR): Tel: 0680-2228106 Email: [email protected] • Betul: Tel: 07141-231301 Email: [email protected] • Bhagalpur: Tel: 7518801808 Email: [email protected] • Bharuch: Tel: 9081903042 Email: [email protected] • Bhatinda: Tel: 0164- 5006725 Email: [email protected] • Bhavnagar: Tel: 278-3003149 Email: [email protected] • Bhilai: Tel: 0788-2289499 / 2295332 Email: [email protected] • Bhilwara: Tel: 01482-246362 / 246364 Email: [email protected] • Bhopal: Tel: 0755-4092712 / 0755-4092715 Email: [email protected] • Bhubaneswar: Tel: 0674-2548981 / 0674-2360334 Email: [email protected] • Bikaner: Tel: 0151-2200014 Email: [email protected] • Bilaspur: Tel: 07752-470070 Email: [email protected] • Bokaro: Tel: 7542979444 / 06542-335616 Email: [email protected] • Burdwan: Tel: 0342-2665140 Email: [email protected] • Calicut: Tel: 0495-4022480 Email: [email protected] • Chandigarh: Tel: 0172-5101342 Email: [email protected] • Chandrapur: Tel: 07172-270262 / 07172-277584 Email: [email protected] • Chennai: Tel: 044-42028512 / 044-42028513 / 044-42028858 / Fax: 044-42028514 Email: [email protected] • Chinsura: Tel: 033-26810164 Email: [email protected] • Cochin: Tel: 0484 - 4025059 Email: [email protected] • Coimbatore: Tel: 0422 – 4388011/12/13/14 / 0422 - 4388451 Email: [email protected] • Cuttack: Tel: 0671-220 30 77 Email: [email protected] • Darbhanga: Tel: 7518801809 Email: [email protected] • Davangere: Tel: 0819-2258714 Email: [email protected] • Dehradun: Tel: 7518801810 Email: [email protected] • Deoria: Tel: 7518801811 Email: [email protected] • Dewas: Tel: 07272-426010 Email: [email protected] • Dhanbad: Tel: 9264445981 Email: [email protected] • Dharwad: Tel: 0836- 2744207 Email: [email protected] • Dhule: Tel: 02562-282823 Email: [email protected] • Dindigul: Tel: 0451- 2436177 Email: [email protected] • Durgapur: Tel: 0343-6512111 Email: [email protected] • Eluru: Tel: 08812-227851 / 52 / 53 / 54 / 9959152347 Email: [email protected] • Erode: Tel: 0424-4021212 Email: [email protected] • Faridabad: Tel: 7518801812 Email: [email protected] • Ferozpur: Tel: 01632-241814 Email: [email protected] • andhidham: Tel: 9081903027 Email: [email protected] • Gandhinagar: Tel: 079 23244955 Email: [email protected] • Gaya: Tel: 0631-2220065 Email: [email protected] • Ghaziabad: Tel: 7518801813 Email: [email protected] • Ghazipur: Tel: 7518801814 Email: [email protected] • Gonda: Tel: 7518801815 / 9453961547 Email: [email protected] • Gorakhpur: Tel: 7518801816 / 8081127735 Email: [email protected] • Gulbarga: Tel: 8088934338 Email: [email protected] • Guntur: Tel: 0863-2339094 Email: [email protected] • Gurgaon: Tel: 7518801817 Email: [email protected] • Guwahati: Tel: 8811036746 / 0361-2203324 Email: [email protected] • Gwalior: Tel: 7518801818 Email: [email protected] • Haldwani: Tel: 7518801819 Email: [email protected] • Haridwar: Tel: 7518801820 Email: [email protected] • Hassan: Tel: 08172 262065 Email: [email protected] • Hissar: Tel: 7518801821 Email: [email protected] • Hoshiarpur: Tel: 01882-500143 Email: [email protected] • Hubli: Tel: 0836-2252444 Email: [email protected] • Hyderabad: Tel: 040-44857874 / 75 / 76 Email: [email protected] • Indore: Tel: 0731-4266828/4218902 Email: [email protected] • Jabalpur: Tel: 0761- 4923301. Email: [email protected] • Jaipur: Tel: 1414167715/17 Email: [email protected] • Jalandhar: Tel: 0181-5094410 Email: [email protected] • Jalgaon: Tel: 9421521406 Email: [email protected] • Jalpaiguri: Tel: 03561-222136 Email: [email protected] • Jammu: Tel: 0191-2458820 / 2458818 Email: [email protected] • Jamnagar: Tel: 0288 3065810 / 2558887 Email: [email protected] • Jamshedpur: Tel: 0657-6655003 / 6655004 / 6655005 / 6655006 / 6655007 Email: [email protected] • Jaunpur: Tel: 7518801822 Email: [email protected] • Jhansi: Tel: 7518801823 Email: [email protected] • Jodhpur: Tel: 7737014590 Email: [email protected] • Junagadh: Tel: 0285-2652220 Email: [email protected] • Kannur: Tel: 0497-2764190 Email: [email protected] • Kanpur: Tel: 7518801824 Email: [email protected] • Karaikudi: Tel: 04565-237192 Email: [email protected]• Karimnagar: Tel: 0878-2244773 Email: [email protected] • Karnal: Tel: 0184-2252524 Email: [email protected] • Karur: Tel: 04324-241755 Email: [email protected] • haragpur: Tel: 03222-253380 Email:[email protected] • Kolhapur: Tel: 0231 2653656 Email: [email protected] • Kolkata: Tel: 033 66285900 Email: [email protected] • Kollam: Tel: 0474-2747055 Email: [email protected] • Korba: Tel: 7518801826 Email: [email protected] • Kota: Tel: 0744-5100964 Email: [email protected] • Kottayam: Tel: 0481-2300868 / 2302420 Email: [email protected] • Kurnool: Tel: 08518-228550 Email: [email protected] • Lucknow: Tel: 7518801830 / 0522-2236819 / 3213115 Email: [email protected] • Ludhiana: Tel: 0161-4648747 Email: [email protected] • Madurai: Tel: 0452-2605856 Email: [email protected] • Malappuram: Tel: 0483-2731480 Email: [email protected] • Malda: Tel: 03512-223763 Email: [email protected] • Mandi: Tel: 7518801833 Email: [email protected] • Mangalore: Tel: 0824-2496289 Email: [email protected] • Margao: Tel: 0832-2731823 Email: [email protected] • Mathura: Tel: 7518801834 Email: [email protected] • Meerut: Tel: 7518801835 Email: [email protected] • Mehsana: Tel: 02762-242950 Email: [email protected] • Mirzapur: Tel: 7518801836 Email:[email protected] • Moga: Tel: 01636 - 230792 Email: [email protected] •Moradabad: Tel: 7518801837 Email: [email protected] • Morena: Tel: 7518801838 Email: [email protected] • Mumbai: Tel: 022-66235353 Email: [email protected] • Muzaffarpur: Tel: 7518801839 Email: [email protected] • Mysore: Tel: 0821-2438006 Email: [email protected] • Nadiad: Tel: 0268-2563245 Email: [email protected] • Nagerkoil: Tel: 04652 – 233552 Email: [email protected] • Nagpur: Tel: 0712-2533040 Email: [email protected] • Namakkal: Tel: 04286-234801 Email: [email protected] •Nanded: Tel: 02462-237885 Email: [email protected] • Nasik: Tel: 0253-6608999 / 0755-3010732 Email: [email protected] • Navsari: Tel: 9081903040 Email: [email protected] • Nellore: Tel: 0861 2349940 Email: [email protected] • New Delhi: Tel: 011- 43681700 Email: [email protected] Fax: 011-43681710 • Nizamabad: Tel: 08462-224366 Email: [email protected] • Noida: Tel: 7518801840 Email: [email protected] • Palghat: Tel: 9895968533 / 0491 - 2547373 Email: [email protected] • Panipat: Tel: 7518801841 / 0180-3095517 Email: [email protected] • Panjim: Tel: 0832-2426873 / 2426874 Email: [email protected] •Pathankot: Tel: 0186-5080188 Email: [email protected] • Patiala: Tel: 0175-5004349 Email: [email protected] • Patna: Tel: 0612-4323066 Email: [email protected] • Pollachi: Tel: 04259-235111 / 235122 / 235133 Email: [email protected] • Pondicherry: Tel: 0413 2220640 Email: [email protected] • Proddatur: Tel: 08564 - 242898 Email: [email protected] • Pudukottai: Tel: 04322 - 220050 Email: [email protected] • Pune: Tel: 020-66496700 / 66496701 Email: [email protected] • Raipur: Tel: 0771-4912611 Email: [email protected] • Rajahmundry: Tel: 0883-2434468/70 Email: [email protected] • Rajapalayam: Tel: 04563 - 232952 Email: [email protected] • Rajkot: Tel: 9081903025 Email: [email protected] • Ranchi: Tel: 0651-2331320 Email: [email protected] • Ratlam: [email protected], 07412-320398, 07412-402009 • Renukoot: Tel: 7518801842 Email: [email protected] • Rewa: Tel: 7518801843 Email: [email protected] • Rohtak: Tel: 7518801844 Email: [email protected] • Roorkee: Tel: 7518801845 Email: [email protected] • Rourkela: Tel: 0661-2500005 Email: [email protected] • Sagar: Tel: 07582-402404 Email: [email protected] • Saharanpur: Tel: 7518801846 Email: [email protected] • Salem: Tel: 0427-4020300 Email: [email protected] • Sambalpur: Tel: 0663-2533437 Email: [email protected] • Satna: Tel: 7518801847Email:[email protected] • Shaktinagar: Tel: 7518801848 Email: [email protected] • Shillong: Tel: 0364 - 2506106 Email: [email protected] • Shimla: Tel: 7518801849 Email: [email protected] • Shimoga: Tel: 08182-228799 Email: [email protected] • Shivpuri: Tel: 7518801850 Email: [email protected] • Sikar: Tel: 01572-250398 Email: [email protected] • Silchar: Tel: 3842261714 Email: [email protected] • Siliguri: Tel: 0353-2522579 Email: [email protected] • Sitapur: Tel: 7518801851 Email: [email protected] •Sivakasi: Tel: 04562 228816 Email: [email protected] • Solan: Tel: 7518801852 Email: [email protected] • Solapur: Tel: 0217-2300021 / 2300318 Email: [email protected] • Sonepat: Tel: 7518801853 Email: [email protected] • Sri Ganganagar: Tel: 0154-2470177 Email: [email protected] • Srikakulam: Tel: 8942229925 / 9248009412 Email: [email protected] • Sultanpur: Tel: 7518801854 Email: [email protected] • Surat: Tel: 9081903041 / 9081903035 Email: [email protected] • Thanjavur: Tel: 04362-275415 Email: [email protected] • Thodupuzha: Tel: 04862-211209 Email: [email protected] • Tirunelveli: Tel: 0462 2335137 Email: [email protected] • Tirupathi: Tel: 9885995544 / 0877-2255797 Email: [email protected] • Tirupur: Tel: 0421-2214221 / 0421-2214319 Email: [email protected] • Tiruvalla: Tel: 0469-2603303 Email: [email protected] • Trichur: Tel: 0487- 6999987 Email: [email protected] • Trichy: Tel: 0431-4020227 Email: [email protected] • Trivandrum: Tel: 0471 - 2725728 Email: [email protected] • Tuticorin: Tel: 0461-2334603 Email: [email protected] • Udaipur: Tel: 0294 2429370 Email: [email protected] • Ujjain: Tel: 0734-4250007 / 4250007 Email: [email protected] • alsad: Tel: 02632-258481 Email: [email protected] • Vapi: Tel: 9081903028 Email: [email protected] • Varanasi: Tel: 7518801855 Email: [email protected] • Vellore: Tel: 0416 2215007 Email: [email protected] • Vijayanagaram: Soubhagya, Tel: 08922-236965 Email: [email protected] • Vijayawada: Tel: 0866-6604032 / 39 / 40 Email: [email protected] • Visakhapatnam: Tel: 0891-2714125 Email: [email protected] • Warangal: Tel: 0870-2441513 Email: [email protected] • Yamuna Nagar: Tel: 7518801857 Email: [email protected]

Baroda Mutual Fund - Investor Service Centre

Contact Points: Toll Free Number: 1-800-267 0189 (9 am to 6 pm – Monday to Saturday all business days and 9 am to 2 pm on 2nd & 4th Saturday of the month)Email: [email protected] | Website:www.barodamf.comRegistered OfficeBaroda Asset Management India Ltd. (Formerly known as Baroda Pioneer Asset Management Company Ltd.)CIN : U65991MH1992PLC069414501 Titanium, 5th Floor, Western Express Highway, Goregaon (E), Mumbai - 400063.Phone: +91 22 6848 1000 / 4219 7999. Fax: +91 22 6848 1001.Branch Offices DelhiBaroda Asset Management India Ltd. (Formerly known as Baroda Pioneer Asset Management Company Ltd.)Flat No. 103 & 104, First Floor,Prakash Deep Building, 7 Tolstoy Marg, New Delhi - 110001. Phone: +91 011- 43514662, Fax: +91 11 4592117ChennaiBaroda Asset Management India Ltd. (Formerly known as Baroda Pioneer Asset Management Company Ltd.)HP Complex, Flat No. 12, 3rd Floor, Door No. 124/1, 2 & 3 New No. 14, G. N. Chetty Road, T. Nagar, Chennai - 600017.Phone: +91 044- 2834 3530, Fax: +91 044 - 2834 3539LucknowBaroda Asset Management India Limited* (Formerly known as Baroda Pioneer Asset Management Company Ltd.)G - 101 Ground Floor, SKI High Building, 11/05, Park Road, Hazaratganj, Lucknow-226001Phone: +91 0522- 43514564* currently not an ISCBangaloreBaroda Asset Management India Limited(Formerly known as Baroda Pioneer Asset Management Company Limited)Raheja Arcade, No. 1/1, Commercial Permises No. 246, 2 nd Floor, Koramangala Industrial layout, Hosur Road, Bangalore - 560 095.

Phone: +91 080-25521375

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

begin your sip investments today to enjoy your holidays ... · holidays hassle-free. november 2019...

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