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

Seek Financial Freedom this Independence Season!

HAPPY

INDEPENDENCEDAY!

HAPPY

INDEPENDENCEDAY!

July 2019

2

Dear Investors,

Warm Greetings!

BSE Sensex and Nifty declined sharply by 6% during the month of July. Such steep fall in a month are not common and were witnessed only in 10 occasions during the last ten years. Effectively YTD gains for index have narrowed to 3% vs 10% two months ago. Sectorally,Automobiles, PSU and metals were the worst performers with double digit decline, followed by Banks and financials. FMCG and Pharma declined by just 2-3%, thus outperforming broader markets. Midcap and Small cap indices too corrected by 11-13% during the month.

Weak underlying trend in quarterly results, International Monetary Fund (IMF) lowering India’s growth outlook and no rollback of surcharge for FPIs registered as trusts or Association of Persons (AoPs) dented investor sentiments. Compared to world indices, India was amongst the worst performers. Key markets like US, Shanghai and even European markets closed positively. On a YTD basis India is better than only Korea, Malaysia and Mexico. It is underperforming compared to most of the other key markets.

The US Federal Reserve delivered on markets’ expectations of a rate cut, but cut short investors’ celebrations soon after when Chairman Mr. Jerome Powell said the rate cut was not the beginning of a lengthy cutting cycle. The Fed said it will “continue to monitor” how incoming information will affect the economy, adding that it “will act as appropriate to sustain” a record-long U.S. economic expansion.

In terms of FPI flows, it was negative to the tune of USD2bn for the month. MFs are positive to the tune of USD1.2bn. On FPI flows, post January, where we saw marginal negative flows, this was the first month of large outflow.

CPI inched up by 20bps to 3.2% in June. Food inflation continued to rise and was 40bps higher at 2%. The uptick in food appears to be on the back of an increase in pulses (7bps), fruits (4bps), meat and fish combined (4bps). Core inflation continued its downward trajectory for the 8th consecutive month, declining by 10bps to 4.1%. This appears to be largely on the back of the softening in petrol prices and transport fares. Interestingly, rise in the prices of gold has moderated the drop in core inflation by around 3bps.

India’s Industrial Production (IIP) growth in May softened to 3.4% from 4.3% in the previous month, and well above the consensus print of 2.7%. The drop appears to have been mainly on the back of weakness in primary goods, infrastructure and construction. As expected, manufacturing continues to pull the headline lower. Electricity production, however, saw an increase in contribution on the back of an increase in growth to 7% from 6% alongside consumer non-durables, another positive category with growth at 6.8%, up from 5.9% in April. Capital formation in GDP witnessed a sharp fall in Q4 partly on the back of a sharp drop in capital goods. With no recovery in this segment in the next couple of months, Q1FY20 capital formation may continue to be sluggish.

For the year 2018-19, markets are up by just 3%. The focus now is on the current quarterly result seasons where commentary on demand has been quite weak across sectors. Market is hoping for some intervention from Government on the FPIs which, if granted, can help protect further declines. Street expectations are for 20% earnings growth for FY20 which could see moderation in coming quarters. While sentiments are quite weak, 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 - July 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 2.51%

Plan B (Direct) 1.77%

Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Managers#

September 12, 2003

S&P BSE 200^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 `781.40 Crs

AUM `755.39 Crs

Standard deviation 12.86%

Sharpe@ (0.07)

Beta 1.01

Portfolio Turnover (last 12 months)

1.07

@risk free rate (FBIL Overnight MIBOR) 5.75%

Risk Profile 31 July 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 93.54

Dividend 29.59

Plan B - Direct `

Growth 99.23

Dividend 29.79

NAV as on 31 July 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 9.38%

ICICI Bank Ltd. Banks 6.46%Housing Development Finance Corporation Ltd.

Finance 4.49%

Larsen & Toubro Ltd. Construction Project 3.94%

Reliance Industries Ltd. Petroleum Products 3.70%

State Bank of India Banks 3.29%Tata Consultancy Services Ltd.

Software 2.92%

Marico Ltd.Consumer Non Durables

2.79%

Axis Bank Ltd. Banks 2.63%

The Ramco Cements Ltd. Cement 2.53%

Astral Poly Technik Ltd. Industrial Products 2.45%Bharat Petroleum Corporation Ltd.

Petroleum Products 2.28%

HDFC Life Insurance Company Ltd.

Finance 2.28%

Indraprastha Gas Ltd. Gas 2.24%

Titan Company Ltd. Consumer Durables 2.09%

Aarti Industries Ltd. Chemicals 2.09%

City Union Bank Ltd. Banks 2.05%

Nestle India Ltd.Consumer Non Durables

2.01%

Voltas Ltd. Consumer Durables 2.00%

Pidilite Industries Ltd. Chemicals 1.97%

HCL Technologies Ltd. Software 1.91%

Petronet LNG Ltd. Gas 1.88%

Tech Mahindra Ltd. Software 1.85%

Bajaj Finance Ltd. Finance 1.72%Sun Pharmaceutical Industries Ltd.

Pharmaceuticals 1.69%


% to NetAssets

Security and Intelligence Services (I) Ltd.

Commercial Services 1.65%

The Federal Bank Ltd. Banks 1.59%

Infosys Ltd. Software 1.57%

Divi's Laboratories Ltd. Pharmaceuticals 1.51%

Castrol India Ltd. Petroleum Products 1.44%

Kansai Nerolac Paints Ltd.Consumer Non Durables

1.41%

Cummins India Ltd. Industrial Products 1.41%

NTPC Ltd. Power 1.34%Aditya Birla Fashion and Retail Ltd.

Retailing 1.31%

Dr. Reddy's Laboratories Ltd. Pharmaceuticals 1.19%

WABCO India Ltd. Auto Ancillaries 1.16%

Mphasis Ltd. Software 1.06%

Maruti Suzuki India Ltd. Auto 0.80%

Engineers India Ltd. Construction Project 0.77%

Tata Motors Ltd. Auto 0.52%

LIC Housing Finance Ltd. Finance 0.51%

RBL Bank Ltd. Banks 0.48%

JSW Steel Ltd. Ferrous Metals 0.47%

Aarti Surfactants Ltd. Chemicals 0.06%

Total 92.89%

Margin Fixed Deposits

HDFC Bank Ltd. Unrated 0.30%

Total 0.30%

TREPS / Reverse Repo Investments 5.86%

Total 5.86%

Cash & Cash Equivalents

Net Receivable/Payable 0.95%

Total 0.95%

Grand Total 100.00%

31 July, 2019

Pharmaceuticals4.39%

BANK

Banks25.88%

Finance9.00%

Consumer Non

Durables6.21%

Software9.31%

Construction Project4.71%

Petroleum Products7.42%

Gas4.12%

Consumer Durables

4.09%

Chemicals4.12%

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 2.54%


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 `153.56 Crs

AUM `149.03 Crs


Sharpe@ (0.16)

Beta 1.02


1.39



Mr. Dipak Acharya


Portfolio Portfolio

Plan A `

Growth 41.74

Bonus 41.74

Dividend 25.60

Plan B - Direct `

Growth 44.91

Bonus 44.91

Dividend 31.23

NAV as on 31 July 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

HDFC Bank Ltd. Banks 9.07%

ICICI Bank Ltd. Banks 6.13%

Housing Development Finance Corporation Ltd.

Finance 4.70%

Tata Consultancy Services Ltd.

Software 3.70%



State Bank of India Banks 3.01%


Bharat Petroleum Corporation Ltd.


Aditya Birla Fashion and Retail Ltd.

Retailing 2.53%




2.46%




Finance 2.32%

Divi's Laboratories Ltd. Pharmaceuticals 2.30%




GFL Ltd. Chemicals 2.08%

Thermax Ltd.Industrial Capital Goods

2.07%



% to NetAssets



Bajaj Finance Ltd. Finance 1.75%


Security and Intelligence Services (I) Ltd.

Commercial Services 1.68%

Muthoot Finance Ltd. Finance 1.63%

Sun Pharmaceutical Industries Ltd.



Hindustan Unilever Ltd.Consumer Non Durables

1.16%






0.86%




KNR Constructions Ltd. Construction 0.60%


Total 93.31%


Total 5.31%



Total 1.38%

Grand Total 100.00%

BANK

Banks25.20%

Software7.70%

Consumer Non

Durables4.48%



Gas4.41%

Finance11.27%


31 July, 2019

Chemicals4.37%

Consumer Durables

4.48%

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 2.58%


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 `45.38 Crs

AUM `44.16 Crs


Sharpe@ (0.06)

Beta 0.83


1.57



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 8.43

Dividend 8.43

Plan B - Direct `

Growth 8.90

Dividend 8.90




• 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


IPCA Laboratories Ltd. Pharmaceuticals 5.41%



Astral Poly Technik Ltd. Industrial Products 4.23%

Coromandel International Ltd.

Fertilisers 4.22%

AIA Engineering Ltd. Industrial Products 4.05%

Aarti Industries Ltd. Chemicals 3.81%

Tube Investments of India Ltd.

Auto Ancillaries 3.53%

Gujarat Gas Ltd. Gas 3.51%

Thermax Ltd.Industrial Capital Goods

3.48%



CESC Ltd. Power 3.37%


Solar Industries India Ltd. Chemicals 3.29%

The Indian Hotels Company Ltd.

Hotels, Resorts And Other Recreational Activities

3.24%

Bata India Ltd. Consumer Durables 2.96%


Aditya Birla Fashion and Retail Ltd.

Retailing 2.56%

Varun Beverages Ltd.Consumer Non Durables

2.17%


% to NetAssets



Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.89%

IDFC First Bank Ltd. Banks 1.42%

DCB Bank Ltd. Banks 1.33%

Can Fin Homes Ltd. Finance 1.32%

Honeywell Automation India Ltd.

Industrial Capital Goods

1.31%






0.97%

BEML Ltd.Industrial Capital Goods

0.95%

Schaeffler India Ltd. Industrial Products 0.95%

Simplex Infrastructures Ltd. Construction 0.44%

Aarti Surfactants Ltd. Chemicals 0.11%

Total 92.01%


Total 2.93%



Total 5.06%

Grand Total 100.00%

BANK

Banks11.60%

Industrial Products9.23%


Gas5.57%

Auto Ancillaries

4.63%

Chemicals7.21%

Industrial Capital Goods

5.74%

31 July, 2019

Cement5.00%

Consumer Durables

6.26%

Finance5.93%

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 `31.47 Crs

AUM `30.24 Crs


Sharpe@ 0.05

Beta 0.73


1.38



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 13.93

Dividend 11.08

Plan B - Direct `

Growth 14.58

Dividend 11.70




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


Top 10 Industries


% to NetAssets







Finance 5.61%



Software 3.64%


Bharat Petroleum Corporation Ltd.



Ultratech Cement Ltd. Cement 2.87%


Nestle India Ltd.Consumer Non Durables

2.70%


Kotak Mahindra Bank Ltd. Banks 2.51%



Finance 2.45%


NTPC Ltd. Power 2.09%



% to NetAssets



Bharti Airtel Ltd. Telecom - Services 1.67%


Sun Pharmaceutical Industries Ltd.


Asian Paints Ltd.Consumer Non Durables

1.26%


1.21%



Havells India Ltd. Consumer Durables 0.96%

Infosys Ltd. Software 0.26%

Total 91.13%



Total 0.36%


Total 5.52%



Total 2.99%

Grand Total 100.00%




BANK

Banks28.08%

Software8.31%

Finance9.94%




Consumer Durables

4.45%

Consumer Non

Durables5.17%

Auto3.17%

31 July, 2019

Cement2.87%

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 2.58%


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 `45.19 Crs

AUM `43.84 Crs


Sharpe@ 0.37

Beta 0.96


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 23.11

Dividend 15.70

Plan B - Direct `

Growth 24.31

Dividend 16.77




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


Top Industries


% to NetAssets




Kotak Mahindra Bank Ltd. Banks 10.39%




Finance 4.35%




Finance 2.25%




IDFC First Bank Ltd. Banks 1.43%


% to NetAssets


Karur Vysya Bank Ltd. Banks 0.93%

Syndicate Bank Banks 0.73%

Motilal Oswal Financial Services Ltd.

Finance 0.72%

Total 93.85%



Total 0.34%


Total 5.47%



Total 0.34%

Grand Total 100.00%

BANK

Banks81.91%

Finance11.94%

Unrated0.34%

Cash & Equivalent5.81%̀

Baroda Banking and Financial Services Fund£ An open ended equity scheme investing in the Banking and Financial Services sector. 31 July, 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 2.44%


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 `588.37 Crs

AUM `565.02 Crs


Sharpe@ (0.11)

Beta 1.13


1.32



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 52.85

Dividend 15.02

Plan B - Direct `

Growth 57.03

Dividend 17.02


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 7.96%ICICI Bank Ltd. Banks 4.99%Housing Development Finance Corporation Ltd. Finance 3.38%

Axis Bank Ltd. Banks 2.98%Reliance Industries Ltd. Petroleum Products 2.89%State Bank of India Banks 2.85%Larsen & Toubro Ltd. Construction Project 2.82%Marico Ltd. Consumer Non Durables 2.59%Tata Consultancy Services Ltd. Software 2.54%City Union Bank Ltd. Banks 2.47%Indraprastha Gas Ltd. Gas 2.41%KEC International Ltd. Construction Project 2.18%Tech Mahindra Ltd. Software 1.86%Bharat Petroleum Corporation Ltd. Petroleum Products 1.83%

HCL Technologies Ltd. Software 1.83%The Ramco Cements Ltd. Cement 1.82%Solar Industries India Ltd. Chemicals 1.78%Pidilite Industries Ltd. Chemicals 1.75%HDFC Life Insurance Company Ltd. Finance 1.75%

Voltas Ltd. Consumer Durables 1.65%Petronet LNG Ltd. Gas 1.57%Sun Pharmaceutical Industries Ltd. Pharmaceuticals 1.51%

Kansai Nerolac Paints Ltd. Consumer Non Durables 1.33%Divi's Laboratories Ltd. Pharmaceuticals 1.30%Security and Intelligence Services (I) Ltd. Commercial Services 1.26%

The Federal Bank Ltd. Banks 1.23%WABCO India Ltd. Auto Ancillaries 1.16%Dr. Reddy's Laboratories Ltd. Pharmaceuticals 1.14%Castrol India Ltd. Petroleum Products 1.07%Atul Ltd. Chemicals 0.64%Maruti Suzuki India Ltd. Auto 0.63%Engineers India Ltd. Construction Project 0.58%JSW Steel Ltd. Ferrous Metals 0.38%RBL Bank Ltd. Banks 0.36%Simplex Infrastructures Ltd. Construction 0.34%LIC Housing Finance Ltd. Finance 0.32%Tata Motors Ltd. Auto 0.17%Total 69.32%


% to Net

AssetsCENTRAL GOVERNMENT SECURITIES8.24% CGL 2027 Sovereign 0.25%7.59% CGL 2026 Sovereign 0.19%7.88% CGL 2030 Sovereign 0.13%8.28% CGL 2027 Sovereign 0.02%Total 0.59%STATE GOVERNMENT SECURITIES9.72% SDL 2023 Sovereign 0.97%Total 0.97%MONEY MARKET INSTRUMENTSCertificate of Deposits**Small Industries Development Bank of India CRISIL A1+ 1.67%

IndusInd Bank Ltd. CRISIL A1+ 1.36%Total 3.03%Commercial Paper**HDFC Ltd. CRISIL A1+ 1.36%Total 1.36%BONDS & NCDsListed / awaiting listing on the stock exchangesICICI Bank Ltd. [ICRA]AA+ 4.42%National Bank for Agriculture and Rural Development CRISIL AAA 2.86%

Bank of Baroda CRISIL AA+ 2.44%Indian Railway Finance Corporation Ltd. CRISIL AAA 2.27%

Larsen & Toubro Ltd. CRISIL AAA 1.25%Dewan Housing Finance Corporation Ltd. CARE D 0.75%

Muthoot Finance Ltd. CRISIL AA 0.69%National Highways Authority of India CRISIL AAA 0.50%

Total 15.18%Margin Fixed DepositsHDFC Bank Ltd. Unrated 0.41%Total 0.41%TREPS / Reverse Repo Investments 5.63%Total 5.63%Cash & Cash EquivalentsNet Receivable/Payable 3.51%Total 3.51%Grand Total 100.00%

2Formerly known as Baroda Pioneer Balance Fund

BANK

Banks22.84%

Finance5.45%

Software6.23% Petroleum

Products5.79%


CRISIL AAA6.88%

Gas3.98%

[ICRA]AA+

4.42%

31 July, 2019

CRISIL A1+

4.39%

Chemicals4.17%

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 `394.32 Crs

AUM `391.97 Crs

Regular 2.46%

Direct 1.00%

Total Expense Ratio

Baroda Dynamic Equity FundAn open ended dynamic asset allocation fund

Portfolio


Regular `

Growth 10.44

Dividend 10.44

Direct `

Growth 10.57

Dividend 10.57

NAV as on 31 July 2019Mr. Sanjay Chawla



% to Net

AssetsEQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesReliance Industries Ltd. Petroleum Products 5.06%HDFC Ltd. Finance 4.01%Axis Bank Ltd. Banks 3.89%Tata Consultancy Services Ltd. Software 3.59%Bajaj Finance Ltd. Finance 3.32%ICICI Bank Ltd. Banks 3.03%Titan Company Ltd. Consumer Durables 2.61%HDFC Life Insurance Company Ltd. Finance 2.20%

Larsen & Toubro Ltd. Construction Project 2.12%HDFC Bank Ltd. Banks 2.08%State Bank of India Banks 1.95%Indraprastha Gas Ltd. Gas 1.93%Sun Pharmaceutical Industries Ltd. Pharmaceuticals 1.91%

Marico Ltd. Consumer Non Durables 1.87%Jindal Steel & Power Ltd. Ferrous Metals 1.86%Petronet LNG Ltd. Gas 1.81%Nestle India Ltd. Consumer Non Durables 1.64%The Federal Bank Ltd. Banks 1.53%NTPC Ltd. Power 1.45%Pidilite Industries Ltd. Chemicals 1.42%UPL Ltd. Pesticides 1.38%Bharat Petroleum Corporation Ltd. Petroleum Products 1.32%

JSW Steel Ltd. Ferrous Metals 1.28%Kotak Mahindra Bank Ltd. Banks 1.16%Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.15%Divi's Laboratories Ltd. Pharmaceuticals 1.15%The Ramco Cements Ltd. Cement 1.15%Tech Mahindra Ltd. Software 1.14%Voltas Ltd. Consumer Durables 1.04%DLF Ltd. Construction 1.01%HCL Technologies Ltd. Software 0.79%WABCO India Ltd. Auto Ancillaries 0.78%Engineers India Ltd. Construction Project 0.77%Maruti Suzuki India Ltd. Auto 0.59%IndusInd Bank Ltd. Banks 0.50%Tata Motors Ltd. Auto 0.50%BEML Ltd. Industrial Capital Goods 0.43%RBL Bank Ltd. Banks 0.41%Bharti Airtel Ltd. Telecom - Services 0.26%LIC Housing Finance Ltd. Finance 0.20%Total 66.29%BONDS & NCDsListed / awaiting listing on the stock exchangesExport-Import Bank of India CRISIL AAA 6.39%National Highways Authority of India CRISIL AAA 2.31%Aditya Birla Housing Finance Ltd. [ICRA]AAA 1.99%


% to Net

AssetsLarsen & Toubro Ltd. CRISIL AAA 1.81%Apollo Hospitals Enterprise Ltd. CRISIL AA 0.77%Aditya Birla Finance Ltd. [ICRA]AAA 0.62%National Bank for Agriculture and Rural Development CRISIL AAA 0.52%Housing and Urban Development Corporation Ltd. [ICRA]AAA 0.52%

PNB Housing Finance Ltd. IND AA+ 0.51%Indian Railway Finance Corporation Ltd. CRISIL AAA 0.51%

Total 15.95%MONEY MARKET INSTRUMENTSCommercial Paper**HDB Financial Services Ltd. CRISIL A1+ 2.70%Total 2.70%Certificate of Deposits**Small Industries Development Bank of India CRISIL A1+ 3.89%

Total 3.89%Margin Fixed DepositsHDFC Bank Ltd. Unrated 5.12%Total 5.12%TREPS / Reverse Repo Investments 4.62%Total 4.62%Cash & Cash EquivalentsNet Receivable/Payable 1.43%Total 1.43%Grand Total 100.00%

DERIVATIVES / Stock Futures

Name of the Instrument Long / Short % to AUM

Housing Development Finance Corporation Ltd. 29-AUG-19 Short (2.93)

Axis Bank Ltd. 29-AUG-19 Short (2.18)Bajaj Finance Ltd. 29-AUG-19 Short (2.08)Reliance Industries Ltd. 29-AUG-19 Short (2.08)Titan Company Ltd. 29-AUG-19 Short (1.97)Tata Consultancy Services Ltd. 29-AUG-19 Short (1.90)Jindal Steel & Power Ltd. 29-AUG-19 Short (1.87)

UPL Ltd. 29-AUG-19 Short (1.38)DLF Ltd. 29-AUG-19 Short (1.01)JSW Steel Ltd. 29-AUG-19 Short (1.01)HDFC Bank Ltd. 29-AUG-19 Short (0.94)Maruti Suzuki India Ltd. 29-AUG-19 Short (0.03)

Total (19.38)

Mr. Dipak Acharya@


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

31 July, 2019

Top 10 Industries

BANK

Banks14.55%

Finance9.73%

Software5.52%Petroleum

Products6.38%

CRISIL AAA11.54%

Gas3.74%

CRISIL A1+

6.59%

Unrated5.12%


Consumer Durables

3.65%

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.

31 July, 2019

Benchmark

Plans & Option

Minimum Investment

Load Structure

40% NSE 50 Arbitrage index, 35% NIFTY Short Duration Debt index and 25% NSE100 index

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: 1%, if redeemed within one year from the date of allotment of Units;

Nil, if redeemed after one year from the date of allotment of Units.

Date of InceptionJuly 25, 2019

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

AAUM & AUM

AAUM `43.83 Crs

AUM `458.03 Crs

Regular 1.96%

Direct 0.64%

Total Expense Ratio

Fund Managers

Mr. Alok Sahoo


Mr. Sanjay Chawla


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 10.02

Dividend 10.02

Direct `

Growth 10.02

Dividend 10.02


Portfolio Portfolio



% to Net

AssetsEQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesReliance Industries Ltd. Petroleum Products 7.02%State Bank of India Banks 4.72%Axis Bank Ltd. Banks 4.61%HDFC Bank Ltd. Banks 4.11%Housing Development Finance Corporation Ltd. Finance 3.85%

Coal India Ltd. Minerals/Mining 3.53%ICICI Bank Ltd. Banks 2.69%Ambuja Cements Ltd. Cement 2.46%Yes Bank Ltd. Banks 1.94%NTPC Ltd. Power 1.91%Maruti Suzuki India Ltd. Auto 1.78%Hindustan Petroleum Corporation Ltd. Petroleum Products 1.67%

IndusInd Bank Ltd. Banks 1.59%UPL Ltd. Pesticides 1.59%JSW Steel Ltd. Ferrous Metals 1.37%Jindal Steel & Power Ltd. Ferrous Metals 1.36%Grasim Industries Ltd. Cement 1.28%Titan Company Ltd. Consumer Durables 1.12%Power Finance Corporation Ltd. Finance 0.88%

Punjab National Bank Banks 0.86%Bharat Petroleum Corporation Ltd. Petroleum Products 0.70%

ITC Ltd. Consumer Non Durables 0.57%Bharti Airtel Ltd. Telecom - Services 0.51%Sun Pharmaceutical Industries Ltd. Pharmaceuticals 0.45%

Apollo Tyres Ltd. Auto Ancillaries 0.43%DLF Ltd. Construction 0.33%Dabur India Ltd. Consumer Non Durables 0.26%Nestle India Ltd. Consumer Non Durables 0.26%Tata Consultancy Services Ltd. Software 0.24%Larsen & Toubro Ltd. Construction Project 0.23%Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.23%Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.20%Hindustan Unilever Ltd. Consumer Non Durables 0.18%LIC Housing Finance Ltd. Finance 0.13%Bajaj Finance Ltd. Finance 0.09%Wipro Ltd. Software 0.07%Hindalco Industries Ltd. Non - Ferrous Metals 0.07%Union Bank of India Banks 0.05%Tata Steel Ltd. Ferrous Metals 0.05%Cipla Ltd. Pharmaceuticals 0.03%Total 55.42%MONEY MARKET INSTRUMENTSCertificate of Deposits**Small Industries Development Bank of India CRISIL A1+ 5.16%

Total 5.16%Margin Fixed DepositsHDFC Bank Ltd. Unrated 3.30%Total 3.30%


% to Net

AssetsTREPS / Reverse Repo Investments 46.75%Total 46.75%Cash & Cash EquivalentsNet Receivable/Payable -10.63%Total -10.63%Grand Total 100.00%DERIVATIVES / Stock FuturesName of the Instrument Long / Short % to

AUMReliance Industries Ltd. 29-AUG-19 Short (7.01)

Axis Bank Ltd. 29-AUG-19 Short (4.64)State Bank of India 29-AUG-19 Short (4.52)HDFC Bank Ltd. 29-AUG-19 Short (4.12)HDFC Ltd. 29-AUG-19 Short (3.87)Coal India Ltd. 29-AUG-19 Short (3.54)Ambuja Cements Ltd. Short (2.47)ICICI Bank Ltd. 29-AUG-19 Short (2.47)Yes Bank Ltd. 29-AUG-19 Short (1.94)Maruti Suzuki India Ltd. Short (1.76)Hindustan Petroleum Corporation Ltd. 29-AUG-19 Short (1.68)

NTPC Ltd. 29-AUG-19 Short (1.61)UPL Ltd. 29-AUG-19 Short (1.60)IndusInd Bank Ltd. 29-AUG-19 Short (1.59)Jindal Steel & Power Ltd. Short (1.37)JSW Steel Ltd. 29-AUG-19 Short (1.37)Grasim Industries Ltd. 29-AUG-19 Short (1.27)

Titan Company Ltd. Short (0.89)Power Finance Corporation Ltd. Short (0.89)

Punjab National Bank Short (0.87)Bharat Petroleum Corporation Ltd. 29-AUG-19 Short (0.68)

ITC Ltd. 29-AUG-19 Short (0.57)Bharti Airtel Ltd. 29-AUG-19 Short (0.51)Sun Pharmaceutical Industries Ltd. Short (0.45)

Apollo Tyres Ltd. 29-AUG-19 Short (0.43)DLF Ltd. 29-AUG-19 Short (0.33)Dabur India Ltd. 29-AUG-19 Short (0.26)Bharat Heavy Electricals Ltd. 29-AUG-19 Short (0.21)

Hindustan Unilever Ltd. Short (0.18)LIC Housing Finance Ltd. Short (0.12)Bajaj Finance Ltd. 29-AUG-19 Short (0.09)Wipro Ltd. 29-AUG-19 Short (0.08)Hindalco Industries Ltd. Short (0.07)Union Bank of India Short (0.05)Tata Steel Ltd. 29-AUG-19 Short (0.05)Cipla Ltd. 29-AUG-19 Short (0.03)Total (53.59)

Top 10 Industries

BANK

Banks20.57%

Finance4.95%Petroleum

Products9.39%

CRISIL A1+

5.16%

Cement3.74%

Unrated3.30%

Auto1.78%

Power1.91%

Ferrous Metals2.78%

Minerals/Mining3.53%

13

Baroda Conservative Hybrid Fund3£

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

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.

Instruments

17.42%

0.33%

0.52%

0.96%

1.28%

1.88%

1.91%

2.06%

6.34%

67.30%


Consumer Durables

Cement

Petroleum Products

Construction Project

Consumer Non Durables

Finance

Software

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.

67.30%

15.28%

14.84%

2.58% Central GovernmentSecurities

EQUITY & EQUITY

RELATED

TREPS / Reverse RepoInvestments

Cash & CashEquivalents

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) 3128

Modified Duration (Years) 5.81

Portfolio Yield (%) 6.53

Portfolio Characteristic

AAUM & AUM

AAUM `16.17 Crs

AUM `16.21 Crs

Plan A 2.08%


Total Expense Ratio

Plan A `

Growth 25.1287

Dividend - Monthly 13.9997

Dividend - Quarterly 13.6293

Plan B - Direct `

Growth 26.5663





% to NetAssets





Finance 1.31%



1.24%


IndusInd Bank Ltd. Banks 0.70%


Software 0.68%

Hindustan Unilever Ltd.Consumer Non Durables

0.64%




Ultratech Cement Ltd. Cement 0.34%



Gulf Oil Lubricants India Ltd. Petroleum Products 0.24%




Total 15.28%


% to NetAssets

CENTRAL GOVERNMENT SECURITIES

6.68% CGL 2031 Sovereign 45.91%

7.17% CGL 2028 Sovereign 8.30%




Total 67.30%


Total 14.84%



Total 2.58%

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

31 July, 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 Portfolio


19.22%

0.13%

1.16%

1.16%

1.27%

2.47%

2.74%

3.04%

3.15%

3.52%

6.18%

7.31%

8.04%

9.58%

9.94%

21.09%


CARE AA

Sovereign

CARE D

CRISIL AAA(SO)

BWR AAA

[ICRA]BBB+

[ICRA]A1+

[ICRA]AA+

CRISIL AA+

CRISIL AAA

[ICRA]A1

[ICRA]A+

[ICRA]AA-

CRISIL A1+

CRISIL AA

Ratings

Riskometer


• Income over medium term.

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


Instruments

58.06%

16.13%

11.56%

8.73%3.09%

1.27%0.72%

0.44%BONDS & NCDs


Certificate of Deposits

Commercial Paper

Cash & CashEquivalentsUnlistedCentral GovernmentSecuritiesState GovernmentSecurities

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 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. 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 `835.21 Crs

AUM `794.48 Crs





AAUM & AUM

Plan A 1.74%


Total Expense Ratio Plan A `

Growth 14.1816



Plan B - Direct `

Growth 14.9065






% to NetAssets




Total 0.72%

STATE GOVERNMENT SECURITIES

8.11% SDL 2028 Sovereign 0.44%

Total 0.44%

BONDS & NCDs

Listed / awaiting listing on the stock exchangesApollo Hospitals Enterprise Ltd. CRISIL AA 11.59%

Motilal Oswal Home Finance Ltd.

[ICRA]A+ 8.04%

Edelweiss Commodities Services Ltd. [ICRA]AA- 6.84%

IndusInd Bank Ltd. CRISIL AA 5.85%

ICICI Bank Ltd. [ICRA]AA+ 3.15%

Yes Bank Ltd. [ICRA]BBB+ 2.74%

Edelweiss Housing Finance Ltd. [ICRA]AA- 2.74%

HDFC Bank Ltd. CRISIL AAA 2.67%

Indiabulls Housing Finance Ltd. BWR AAA 2.47%

Muthoot Finance Ltd. CRISIL AA 2.38%

HDFC Bank Ltd. CRISIL AA+ 2.16%

National Bank for Agriculture and Rural Development

CRISIL AAA 1.80%

Indian Railway Finance Corporation Ltd.

CRISIL AAA 1.46%

Bank of Baroda CRISIL AA+ 1.36%

IIFL Home Finance Ltd. CRISIL AA 1.27%

Dewan Housing Finance Corporation Ltd. CARE D 1.16%

Reliance Industries Ltd. CRISIL AAA 0.25%

Bank of Baroda CARE AA 0.13%

Total 58.06%


% to NetAssets

MONEY MARKET INSTRUMENT

Commercial Paper**National Bank for Agriculture and Rural Development

CRISIL A1+ 8.73%

Total 8.73%

Certificate of Deposits**Utkarsh Small Finance Bank Ltd. [ICRA]A1 7.31%

ICICI Bank Ltd. [ICRA]A1+ 3.04%

IndusInd Bank Ltd. CRISIL A1+ 1.21%

Total 11.56%

UnlistedPowergrid Vizag Transmission Ltd.

CRISIL AAA(SO) 1.27%

Total 1.27%


Total 16.13%



Total 3.09%

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

31 July, 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 1.90%


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 `40.77 Crs

AUM `43.28 Crs





Baroda Gilt Fund£

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

RatingsInstruments

58.33%

34.22%

6.28% 1.17% Central GovernmentSecurities


State GovernmentSecurities


Plan A `

Growth 30.1795

Dividend 21.4011

Plan B- Direct `

Growth 31.9813

Dividend 27.6871



% to NetAssets


6.68% CGL 2031 Sovereign 16.96%

7.17% CGL 2028 Sovereign 16.73%







Total 58.33%

Portfolio


% to NetAssets



Total 6.28%


Total 34.22%



Total 1.17%

Grand Total 100.00%

35.39%

64.61%


Sovereign

31 July, 2019

16

Portfolio


Ratings

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.


Instruments

70.49%

12.70%

9.85%

3.81%3.15% Central GovernmentSecurities

BONDS & NCDs

State GovernmentSecurities



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

Plan A 1.58%


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

Mr. Alok Sahoo


Ms. Hetal Shah


AAUM & AUM

AAUM `22.18 Crs

AUM `22.18 Crs





Plan A `

Growth 16.4510

Dividend 12.5482

Plan B - Direct `

Growth 17.2753

Dividend 13.3132


Baroda Dynamic Bond Fund£+

An open-ended dynamic debt scheme investing across duration.

Portfolio

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


% to NetAssets


6.68% CGL 2031 Sovereign 20.12%

6.79% CGL 2027 Sovereign 18.12%

8.28% CGL 2027 Sovereign 12.33%

7.59% CGL 2026 Sovereign 11.81%


Total 70.49%






Total 9.85%

BONDS & NCDs

Listed / awaiting listing on the stock exchanges


% to NetAssets



Total 12.70%


Total 3.81%



Total 3.15%

Grand Total 100.00%

6.96%

3.95%

8.75%

80.34%


CARE D

[ICRA]AA-

Sovereign

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

31 July, 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.

Ratings

Riskometer


• Regular Income over short term.

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


Instruments

68.81%

13.31%

11.96%

2.50%

1.92%1.50%

BONDS & NCDs



Central GovernmentSecurities


Mutual Fund Units

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

Plan A 1.29%


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 `330.88 Crs

AUM `326.22 Crs




Macaulay duration (Years) 2.10


Plan A `

Growth 20.5081

Dividend 10.1167


Plan B - Direct `

Growth 21.3643

Dividend 10.1169



Portfolio



% to NetAssets

BONDS & NCDs



CRISIL AAA 11.37%

Bajaj Finance Ltd. CRISIL AAA 7.55%


Reliance Industries Ltd. CRISIL AAA 7.44%

NHPC Ltd. IND AAA 6.31%

Larsen & Toubro Ltd. CRISIL AAA 6.06%

PNB Housing Finance Ltd. IND AA+ 5.65%



India Infoline Finance Ltd. [ICRA]AA 1.78%

Aditya Birla Finance Ltd. [ICRA]AAA 1.65%

Bank of Baroda [ICRA]AA 1.51%

L&T Finance Ltd. [ICRA]AAA 1.49%

HDFC Bank Ltd. CRISIL AA+ 0.90%

Motilal Oswal Home Finance Ltd. [ICRA]A+ 0.60%

Indian Railway Finance Corporation Ltd. CRISIL AAA 0.30%

Total 68.81%


Certificate of Deposits**



% to NetAssets

Small Industries Development Bank of India CRISIL A1+ 4.77%

HDFC Bank Ltd. IND A1+ 1.44%

Total 11.96%



Total 2.50%

Mutual Fund Units

Baroda Overnight Fund - Direct Plan Growth 1.50%

Total 1.50%


Total 13.31%



Total 1.92%

Grand Total 100.00%

16.73%

0.60%

0.90%

1.44%

2.50%

3.14%

3.29%

4.34%

5.65%

6.31%

10.52%

11.86%

32.72%


[ICRA]A+

CRISIL AA+

IND A1+

Sovereign

[ICRA]AAA

[ICRA]AA

[ICRA]AA-

IND AA+

IND AAA

CRISIL A1+

CRISIL AA

CRISIL AAA

31 July, 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.

Ratings

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.


Instruments

47.21%

23.30%

13.20%

9.79%

3.31%3.19% BONDS & NCDs



Commercial Paper

Mutual Fund Units


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 Liquid Fund Index


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: NIL

Mr. Alok Sahoo


Ms. Hetal Shah


AAUM & AUM

AAUM `323.45 Crs

AUM `293.42 Crs




Macaulay duration (Months) 10.20


SIP (Minimum)


Regular `

Growth 1763.2724Dividend - Daily 836.7570Dividend - Weekly 831.3307Dividend - Monthly 832.1869Plan A `

Bonus 1794.9616Growth 1808.0752Dividend - Daily 856.8064Dividend - Weekly 831.3457Dividend - Monthly 832.1820Dividend - Quarterly 858.8221Plan B - Direct `

Growth 1846.1249Dividend - Daily 839.3140Dividend - Weekly 831.9935Dividend - Monthly 832.8700Dividend - Quarterly 869.0869


Portfolio



% to NetAssets


Commercial Paper**


CRISIL A1+ 9.79%

Total 9.79%

Certificate of Deposits**

Small Industries Development Bank of India

CRISIL A1+ 6.85%

HDFC Bank Ltd. IND A1+ 6.35%

Total 13.20%

BONDS & NCDs


Yes Bank Ltd. [ICRA]BBB+ 14.20%

Motilal Oswal Home Finance Ltd. [ICRA]A+ 10.84%



India Infoline Finance Ltd. [ICRA]AA 2.95%

Apollo Hospitals Enterprise Ltd. CRISIL AA 1.65%

Indiabulls Housing Finance Ltd. BWR AAA 1.61%


% to NetAssets



Total 47.21%

Mutual Fund Units


Total 3.31%


Total 23.30%



Total 3.19%

Grand Total 100.00%

29.80%

0.64%

1.61%

2.95%

6.35%

6.79%

10.18%

10.84%

14.20%

16.64%


[ICRA]AA-

BWR AAA

[ICRA]AA

IND A1+

CRISIL AA

CARE D

[ICRA]A+

[ICRA]BBB+

CRISIL A1+

31 July, 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

Ratings

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.


Instruments

32.57%

29.81%

18.44%

16.14%

2.11%0.93% Certificate of Deposits

BONDS & NCDs


Commercial Paper

Mutual Fund Units


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) 4.70


AAUM & AUM

AAUM `244.42 Crs

AUM `236.50 Crs

Regular 0.38%

Direct 0.20%

Total Expense Ratio

Regular `

Growth 1097.6760

Dividend - Daily 1005.3417

Dividend - Weekly 1004.1628

Direct `

Growth 1100.1426




Portfolio



% to NetAssets


Certificate of Deposit**


Small Industries Development Bank of India

CRISIL A1+ 10.09%

Bandhan Bank Ltd. [ICRA]A1+ 8.31%


CRISIL A1+ 4.03%

Total 32.57%

Commercial Paper**


CRISIL A1+ 10.11%

Axis Finance Ltd. CRISIL A1+ 6.03%

Total 16.14%

BONDS & NCDs


Export-Import Bank of India CRISIL AAA 10.49%

Bank of Baroda CARE AA 10.09%

PNB Housing Finance Ltd. IND AA+ 5.85%


% to NetAssets


CRISIL AAA 3.38%

Total 29.81%

Mutual Fund Units


Total 2.11%


Total 18.44%



Total 0.93%

Grand Total 100.00%

21.48%

5.85%

8.31%

10.09%

13.87%

40.40%


IND AA+

[ICRA]A1+

CARE AA

CRISIL AAA

CRISIL A1+

31 July, 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

Ratings

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.


Instruments

34.62%

27.90%

22.85%

9.10%

5.40%0.13% Commercial Paper



Short Term Depositss

Treasury Bills


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

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Fund Managers#

February 5, 2009

CRISIL Liquid Fund Index



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$


Entry Load: NA

Exit Load: NIL

Mr. Alok Sahoo


Ms. Hetal Shah






AAUM & AUM

AAUM `6,846.16 Crs

AUM `5,162.73 Crs

Plan A 0.20%


Total Expense RatioRegular `

Growth 3220.0796

Dividend 2758.8303


Plan A `

Growth 2188.3037



Plan B - Direct `

Growth 2201.9865




Baroda Liquid FundAn open ended liquid scheme

Portfolio



% to NetAssets



Axis Bank Ltd. CRISIL A1+ 7.85%

Canara Bank CRISIL A1+ 7.01%

ICICI Bank Ltd. [ICRA]A1+ 4.12%

Bandhan Bank Ltd. [ICRA]A1+ 3.54%


Total 22.85%

Commercial Paper**

National Bank for Agriculture and Rural Development CRISIL A1+ 9.07%

Reliance Retail Ltd. CRISIL A1+ 6.59%

Housing Development Finance Corporation Ltd. CRISIL A1+ 4.14%

Reliance Jio Infocomm Ltd. CRISIL A1+ 3.30%

Indian Railway Finance Corporation Ltd. CRISIL A1+ 3.28%

Motilal Oswal Home Finance Ltd. CRISIL A1+ 2.47%

Motilal Oswal Financial Services Ltd.

CRISIL A1+ 2.47%

Tata Capital Housing Finance Ltd. CRISIL A1+ 1.65%

Bajaj Finance Ltd. CRISIL A1+ 1.65%

Total 34.62%


% to NetAssets

Treasury Bills

91 DAY T-BILL 26.09.19 Sovereign 2.84%

91 DAY T-BILL 19.09.19 Sovereign 2.56%

Total 5.40%

Short Term Deposits

7.40% Equitas Small Finance Bank Ltd. 3.31%

7.27% IDFC First Bank Ltd. 3.31%

7.45% Ujjivan Small Finance Bank Ltd. 2.48%

Total 9.10%


Total 27.90%



Total 0.13%

Grand Total 100.00%

28.03%

5.40%

7.66%

9.10%

49.81%


Sovereign

[ICRA]A1+

Unrated

CRISIL A1+

31 July, 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 100.09%


Net Receivable/Payable -0.09%

Total -0.09%

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 1015.2993



Direct `

Growth 1015.4354




31 July, 2019

SIP (Minimum)

Fund Managers


Mr. Alok Sahoo


Ms. Hetal Shah


AAUM & AUM

AAUM `29.52 Crs

AUM& `32.86 Crs

Regular 0.15%

Direct 0.10%

Total Expense Ratio





& Aggregate investments made by other schemes of Baroda Mutual Fund – 20.10 crores

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.

31 July, 2019

Riskometer


• Regular income over short term.

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


Regular `

Growth 1010.4959



Direct `

Growth 1010.8520


Dividend - Weekly NA



Portfolio Portfolio



% to NetAssets


Commercial Paper**


CRISIL A1+ 15.80%

HDB Financial Services Ltd. CRISIL A1+ 12.98%

Axis Finance Ltd. CRISIL A1+ 9.27%

Total 38.05%




CRISIL A1+ 13.96%


% to NetAssets

Small Industries Development Bank of India CRISIL A1+ 9.30%

Total 39.05%


Total 22.78%



Total 0.12%

Grand Total 100.00%

Ratings

22.90%

77.10%


CRISIL A1+

Instruments

39.05%

38.05%

22.78%

0.12% Certificate of Deposits

Commercial Paper

TREPS / Reverse Repo

Investments


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

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





AAUM & AUM

AAUM `99.01 Crs

AUM `103.36 Crs

Regular 0.60%

Direct 0.30%

Total Expense Ratio

Fund Managers

Mr. Alok Sahoo


Mr. Karn Kumar


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 %)^ -6.85 4.83 7.29 15.11

S&P BSE 200 TRI (Scheme Benchmark) (in %)* -3.62 9.23 9.47 15.37

Nifty 50 TRI (Standard Benchmark) (in %)$ -0.85 10.17 8.91 15.57

` 10,000, if invested in BMCF, would have become ` 9,315 ` 11,524 ` 14,218 ` 93,540

` 10,000, if invested in S&P BSE 200 TRI, would have become ` 9,638 ` 13,039 ` 15,723 ` 97,038

` 10,000, if invested in Nifty 50 TRI, would have become ` 9,915 ` 13,379 ` 15,324 ` 99,688^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 July has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. * with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI). As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 12 Sep 2003 to 29 June 2007, and TRI values since 29 June 2007.



Baroda ELSS’ 96 Fund (in %)^ -10.38 3.36 6.06 11.59

S&P BSE 200 TRI (Scheme Benchmark) (in %)* -3.62 9.23 9.47 12.56


` 10,000, if invested in BELSS’96, would have become ` 8,962 ` 11,046 ` 13,422 ` 129,382

` 10,000, if invested in S&P BSE 200 TRI, would have become ` 9,638 ` 13,039 ` 15,723 ` 158,259

` 10,000, if invested in Nifty 50 TRI, would have become ` 9,915 ` 13,379 ` 15,324 ` 157,618^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 July 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 %)^ -6.99 4.68 6.54 11.04

CRISIL Hybrid 35+65 - Aggressive index& (Scheme Benchmark) (in %) 2.08 9.00 9.67 12.98


` 10,000, if invested in BHEF, would have become ` 9,301 ` 11,474 ` 13,727 ` 52,850

` 10,000, if invested in CRISIL Hybrid 35+65 - Aggressive index (effective February 1, 2018), would have become ` 10,208 ` 12,955 ` 15,871 ` 69,538

` 10,000, if invested in Nifty 50 TRI, would have become ` 9,915 ` 13,379 ` 15,324 ` 99,688^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 July 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 %)^ -13.00 4.91 -0.33 -1.92

S&P BSE MidCap TRI (Scheme Benchmark)& (in %) -13.89 3.62 9.47 7.22


` 10,000, if invested in BMCF, would have become ` 8,700 ` 11,548 ` 9,837 ` 8,430

` 10,000, if invested in S&P BSE MidCap TRI, would have become ` 8,611 ` 11,128 ` 15,728 ` 18,507

` 10,000, if invested in Nifty 50 TRI, would have become ` 9,915 ` 13,379 ` 15,324 ` 20,136^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 July 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 %)^ -3.80 6.43 5.34 3.70

Nifty 100 TRI (Scheme Benchmark)& (in %) -2.33 9.71 9.36 10.08


` 10,000, if invested in BLCF, would have become ` 9,620 ` 12,061 ` 12,970 ` 13,930

` 10,000, if invested in Nifty 100 TRI, would have become ` 9,767 ` 13,211 ` 15,643 ` 23,988

` 10,000, if invested in Nifty 50 TRI, would have become ` 9,915 ` 13,379 ` 15,324 ` 23,407^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 July 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 %)^ 4.10 11.48 11.29 12.50Nifty Bank Index TRI (Scheme Benchmark) (in %) 4.45 15.57 14.31 16.92Nifty 50 TRI (Standard Benchmark) (in %)$ -0.85 10.17 8.91 12.85` 10,000, if invested in BBFSF, would have become ` 10,410 ` 13,863 ` 17,081 ` 23,110` 10,000, if invested in Nifty Bank Index TRI, would have become ` 10,445 ` 15,448 ` 19,523 ` 30,385` 10,000, if invested in Nifty 50 TRI, would have become ` 9,915 ` 13,379 ` 15,324 ` 23,624^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 July 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 %)^ 8.93 8.11 8.53 8.22CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 9.57 7.53 8.32 8.24CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 8.24 6.77 7.31 6.98` 10,000, if invested in BSTBF, would have become ` 10,893 ` 12,641 ` 15,061 ` 20,508` 10,000, if invested in CRISIL Short Term Bond Fund Index, would have become ` 10,957 ` 12,437 ` 14,918 ` 20,533` 10,000, if invested in CRISIL 1 year T-Bill, would have become ` 10,824 ` 12,178 ` 14,231 ` 18,461^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 July 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 %)^ 7.42 7.10 7.64 7.75CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 7.61 7.15 7.60 7.45CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 8.24 6.77 7.31 6.36` 10,000, if invested in BLF, would have become ` 10,742 ` 12,286 ` 14,453 ` 21,883` 10,000, if invested in CRISIL Liquid Fund Index, would have become ` 10,761 ` 12,301 ` 14,423 ` 21,250` 10,000, if invested in CRISIL 1 year T-Bill, would have become ` 10,824 ` 12,173 ` 14,231 ` 19,096^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 July 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 %)^ -12.88 0.31 3.79 6.04CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 7.61 7.15 7.60 7.48CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 8.24 6.77 7.31 6.47` 10,000, if invested in BTAF, would have become ` 8,712 ` 10,092 ` 12,047 ` 18,081` 10,000, if invested in CRISIL Liquid Fund Index, would have become ` 10,761 ` 12,305 ` 14,423 ` 20,737` 10,000, if invested CRISIL 1 year T-Bill, would have become ` 10,824 ` 12,178 ` 14,231 ` 18,841^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 July 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 %)^ -0.15 3.97 7.02 7.28CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 12.76 7.95 9.37 8.87CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 8.24 6.77 7.31 7.24` 10,000, if invested in BDBF, would have become ` 9,985 ` 11,242 ` 14,039 ` 16,451` 10,000, if invested in CRISIL Composite Bond Fund Index, would have become ` 11,276 ` 12,586 ` 15,654 ` 18,262` 110,000, if invested CRISIL 1 year T-Bill, would have become ` 10,824 ` 12,178 ` 14,231 ` 16,411^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 July 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.

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

Scheme Name & Benchmark

Baroda Ultra Short Duration Fund (in %)^ 8.19 8.33

CRISIL Ultra Short Term Debt Index (Scheme Benchmark) (in %) 8.47 8.47

CRISIL 1 Year T-Bill Index (Standard Benchmark)$ 8.24 7.82

` 10,000, if invested in BUSDF, would have become ` 10,819 ` 10,977

` 10,000, if invested in CRISIL Ultra Short Term Debt Fund Index, would have become ` 10,847 ` 10,993

` 10,000, if invested in CRISIL 1 Year T-Bill Index, would have become ` 10,824 ` 10,917^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 July 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.

Funds Managed by Mr. Dipak Acharya

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

25


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


Baroda Credit Risk Fund (formerly known as Baroda Pioneer Credit Opportunities Fund) (in %)^ 3.79 6.73 8.03CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 9.57 7.53 8.03CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 8.24 6.77 7.12` 10,000, if invested in BCRF, would have become ` 10,379 ` 12,164 ` 14,182` 10,000, if invested in CRISIL Short Term Bond Fund Index, would have become ` 10,957 ` 12,437 ` 14,179` 10,000, if invested CRISIL 1 year T-Bill, would have become ` 10,824 ` 12,178 ` 13,648^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 July 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 %)^ 11.81 7.67 8.23 6.38

CRISIL Hybrid 85+15 - Conservative Index& (Scheme Benchmark) (in %) 10.29 8.26 9.52 8.65

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ 16.64 7.55 9.23 6.31

` 10,000, if invested in BCHF, would have become ` 11,181 ` 12,487 ` 14,853 ` 25,129

` 10,000, if invested in CRISIL Hybrid 85+15 - Conservative Index, would have become ` 11,029 ` 12,695 ` 15,759 ` 34,437

` 10,000, if invested in CRISIL 10 Year Gilt Index, would have become ` 11,664 ` 12,446 ` 15,555 ` 24,890^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 July 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 %)^ 13.75 6.98 8.71 6.56

I-Sec Mi-BEX (Scheme Benchmark) (in %) 14.05 8.41 9.69 7.94

CRISIL 10 Year Gilt Index (Standard Benchmark)$ 16.64 7.55 9.23 6.88

` 10,000, if invested in BGF, would have become ` 11,375 ` 12,247 ` 15,187 ` 30,180

` 10,000, if invested in I-Sec Mi-BEX, would have become ` 11,405 ` 12,748 ` 15,880 ` 37,713

` 10,000, if invested in CRISIL 10 Year Gilt Index, would have become ` 11,664 ` 12,446 ` 15,555 ` 31,783^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 July 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 Dynamic Equity Fund, 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 Multi Cap Fund and Baroda ELSS’ 96 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 S&P BSE 200 or particularly in the ability of the S&P BSE 200 and to track general stock market performance in India. Please read the full disclaimers in relation to the S&P BSE 200 in the Offer Document / Prospectus / Information Statement.

S&P BSE Midcap Index is a product of AIPL, a joint venture among affiliates of S&P Dow Jones Indices LLC (“SPDJI”) and BSE Limited (“BSE”), and has been licensed for use by Baroda 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 1,910,000 Total Value as on July 31, 2019 (Rs) 117,226 361,990 662,264 1,111,618 1,810,305 4,985,410 Returns (%) -4.28 0.36 3.90 7.88 7.98 11.13 Total Value of S&P BSE 200 TRI* (Rs) 117,522 392,487 738,407 1,237,995 2,103,698 5,606,200 S&P BSE 200 TRI* Returns (%) -3.82 5.70 8.24 10.90 10.82 12.41 Total Value of Nifty 50 TRI (Rs) 119,608 406,871 753,545 1,232,929 2,080,333 5,546,308 Nifty 50 TRI Returns (%) -0.61 8.13 9.06 10.78 10.61 12.30 * 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 ELSS’ 96 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 2,810,000Total Value as on July 31, 2019 (Rs) 114,523 347,160 630,902 1,062,274 1,760,862 14,165,767Returns (%) -8.39 -2.35 1.98 6.61 7.45 12.05Total Values of S&P BSE 200 TRI* (Rs) 117,522 392,487 738,407 1,237,995 2,103,698 18,614,866S&P BSE 200 TRI* Returns (%) -3.82 5.70 8.24 10.90 10.82 13.90Total Value of Nifty 50 TRI (Rs) 119,608 406,871 753,545 1,232,929 2,080,333 17,646,783Nifty 50 TRI Returns (%) -0.61 8.13 9.06 10.78 10.61 13.54* 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 1,910,000 Total Value as on July 31, 2019 (Rs) 115,636 360,722 662,016 1,076,641 1,784,172 3,896,027 Returns (%) -6.70 0.13 3.89 6.98 7.70 8.40 Total Values of CRISIL Hybrid 35+65 – Aggressive Index (Rs) 121,901 399,953 745,893 1,216,944 2,048,137 4,996,176 CRISIL Hybrid 35+65 – Aggressive Index (%) 2.96 6.97 8.65 10.42 10.31 11.16 Total Value of Nifty 50 TRI (Rs) 119,608 406,871 753,545 1,232,929 2,080,333 5,546,596

Nifty 50 TRI Returns (%) -0.61 8.13 9.06 10.78 10.61 12.30

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 Inception

Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 NA 1,060,000 Total Value as on July 31, 2019 (Rs) 113,330 344,829 603,509 909,686 NA 1,141,776 Returns (%) -10.18 -2.78 0.23 2.25 NA 1.66 Total Values of S&P BSE MidCap TRI^^ (Rs) 108,464 335,421 659,866 1,201,194 NA 1,707,165 S&P BSE MidCap TRI ^^ Returns (%) -17.39 -4.55 3.76 10.05 NA 10.49 Total Value of Nifty 50 TRI (Rs) 119,608 406,871 753,545 1,232,929 NA 1,733,610 Nifty 50 TRI Returns (%) -0.61 8.13 9.06 10.78 NA 10.82 ^^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 Inception

Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 NA 1,100,000 Total Value as on July 31, 2019 (Rs) 118,208 374,722 676,583 1,121,433 NA 1,539,617 Returns (%) -2.77 2.63 4.75 8.13 NA 7.16 Total Values of Nifty 100 TRI^^ (Rs) 118,641 399,420 747,196 1,240,882 NA 1,853,057 Nifty 100 TRI ^^ Returns (%) -2.10 6.88 8.72 10.96 NA 11.03 Total Value of Nifty 50 TRI (Rs) 119,608 406,871 753,545 1,232,929 NA 1,826,318 Nifty 50 TRI Returns (%) -0.61 8.13 9.06 10.78 NA 10.72 ^^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 Inception

Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 NA 860,000 Total Value as on July 31, 2019 (Rs) 126,819 415,326 784,002 1,306,429 NA 1,352,534 Returns (%) 10.75 9.53 10.65 12.41 NA 12.41 Total Value of Nifty Bank Index TRI (Rs) 124,227 434,924 847,424 1,477,518 NA 1,537,148 Nifty Bank Index TRI Returns (%) 6.63 12.70 13.79 15.86 NA 15.91 Total Value of Nifty 50 TRI (Rs) 119,608 406,871 753,545 1,232,929 NA 1,279,565 Nifty 50 TRI Returns (%) -0.61 8.13 9.06 10.78 NA 10.90

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 1,790,000 Total Value as on July 31, 2019 (Rs) 130,070 410,432 735,071 1,135,053 1,832,433 3,127,176 Returns (%) 16.00 8.72 8.06 8.47 8.21 7.10 Total Value of CRISIL Hybrid 85+15 - Conservative Index (Rs) 128,126 408,713 749,404 1,172,131 1,927,271 3,598,336 CRISIL Hybrid 85+15 - Conservative Index (%) 12.86 8.44 8.84 9.37 9.17 8.81 Total Value of CRISIL 10 Year Gilt Index Returns (Rs) 133,629 415,158 749,384 1,137,502 1,805,024 3,177,071 CRISIL 10 Year Gilt Index Returns (%) 21.83 9.50 8.84 8.53 7.92 7.30 ^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 - Dividend27-Jun-19 15.77 0.3422-Mar-19 15.87 0.3326-Dec-18 15.76 0.35 Baroda Hybrid Equity Fund (formerly known as Baroda Pioneer Balance Fund) - Plan B - Direct - Dividend27-Jun-19 17.85 0.3422-Mar-19 17.89 0.3326-Dec-18 17.68 0.35 Baroda Conservative Hybrid Fund (formerly known as Baroda Pioneer MIP Fund) - Plan A - Monthly Dividend26-Jul-19 13.9738 0.0727-Jun-19 13.9433 0.0727-May-19 13.7036 0.07Baroda Conservative Hybrid Fund (formerly known as Baroda Pioneer MIP Fund) - Plan B - Direct - Monthly Dividend26-Jul-19 14.6022 0.0727-Jun-19 14.5558 0.0727-May-19 14.2917 0.07Baroda Conservative Hybrid Fund (formerly known as Baroda Pioneer MIP Fund) - Plan A - Quarterly Dividend27-Jun-19 13.5106 0.2022-Mar-19 12.9263 0.2026-Dec-18 12.9837 0.20 Baroda 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 Dividend27-Jun-19 10.1433 0.1522-Mar-19 10.3839 0.2126-Dec-18 10.4466 0.21 Baroda Credit Risk Fund (formerly known as Baroda Pioneer Credit Opportunities Fund) - Plan B - Direct - Quarterly Dividend27-Jun-19 10.6957 0.1522-Mar-19 10.9181 0.2426-Dec-18 10.9790 0.21

Record Date Ex-Dividend NAV (Rs) Per Unit$ (Rs)Baroda Credit Risk Fund (formerly known as Baroda Pioneer Credit Opportunities Fund) - Plan A - Monthly Dividend26-Jul-19 10.2036 0.0727-Jun-19 10.2151 0.0727-May-19 10.4457 0.07Baroda Credit Risk Fund (formerly known as Baroda Pioneer Credit Opportunities Fund) - Plan B - Direct - Monthly Dividend26-Jul-19 10.8598 0.0727-Jun-19 10.8590 0.0727-May-19 11.0909 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 Dividend26-Jul-19 10.1050 0.1427-May-19 10.0610 0.0926-Apr-19 10.0352 0.05Baroda Short Term Bond Fund - Plan B - Direct - Monthly Dividend26-Jul-19 10.1049 0.1327-May-19 10.0374 0.0926-Apr-19 10.0121 0.06Baroda Short Term Bond Fund - Plan A - Quaterly Dividend27-Jun-19 10.2653 0.1722-Mar-19 10.1778 0.17Baroda Short Term Bond Fund - Plan B - Direct - Quaterly Dividend27-Jun-19 10.3736 0.1722-Mar-19 10.2665 0.18Baroda 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-Jun-19 1000.30 1.2026-Jul-19 1002.95 5.73

$ 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

Karvy Fintech Private LimitedAddress 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.com

Registered Office

Baroda Asset Management India Ltd.

(Formerly known as Baroda Pioneer Asset Management Company Ltd.)

CIN : U65991MH1992PLC069414

501 Titanium, 5th Floor, Western Express Highway, Goregaon (E), Mumbai - 400063.

Phone: +91 22 6848 1000 / 4219 7999. Fax: +91 22 6848 1001.

Branch Offices

Delhi



Flat No. 103 & 104, First Floor,Prakash Deep Building, 7 Tolstoy Marg, New Delhi - 110001.

Phone: +91 011- 43514662, Fax: +91 11 4592117

Chennai



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 3539

Lucknow

Baroda Asset Management India Limited*


G - 101 Ground Floor, SKI High Building, 11/05, Park Road, Hazaratganj, Lucknow-226001

Phone: +91 0522- 43514564

Bangalore

Baroda 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 9884078407

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

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