while saving taxes · 2017. 3. 7. · in the february bi-monthly monetary policy, rbi kept the repo...

Invest for Long Term Growthwhile Saving Taxes

Baroda Pioneer ELSS'96(An Open Ended Tax Benefit-Cum-Growth Scheme)

Invest Now InBaroda Pioneer ELSS'96(An Open Ended Tax Benefit-Cum-Growth Scheme)

Factsheetas on February 2017

Tax weighingscale

TaxesSavings

`

With ELSS

u/s 80C

`

* Investors should consult their financial advisers if in doubt about

whether the product is suitable for them.

Capital growth over long term

Investment predominantly in equity and equity related instruments.

This product is suitable for investors who are seeking*

28th February, 2017

BARODA PIONEER MUTUAL FUND

Dear Investors,

Warm Greetings!

Markets continued to rally during the month of February, with indices gaining 4% during the month. Year to date market are up by 8%. Key events during the month were the Union Budget presentation for the FY - 2017-18 and quarterly results turning out to be better than expected. FIIs turned net buyers to the tune of USD 200mn vs net sellers in January and whole of last year. This excludes USD1.2bn of investment in HDFC Bank, wherein RBI briefly raised FII limits. Mutual funds were net sellers during the month.

With demonetization temporarily disrupting the business environment and moderating economic growth, the market was expecting the government to respond with a dose of populism (tax cuts, rural packages, rise in tax deduction limits, etc.) in the budget. At the same time, anxiety was high around factors like long-term capital gain tax and

service tax hike. Against this backdrop, the finance minister in his third budget has managed to achieve a fine balance without deviating from the fiscal prudence path.

The FM provided relief to the low-income individual taxpayers and reduced corporate tax for small companies. The fiscal deficit has been pegged at 3.2% of GDP. Focus is clearly on the rural India. Higher allocation towards MNREGA with emphasis on productive asset creation, higher allocation towards asset creating schemes such PMGSY (Gram Sadak Yojana), rural electrification and enhance agriculture credit were the key highlights.

3Q FY-2017 earning season ended with more surprises than disappointments. Nifty aggregate PAT grew by 10% yoy vs 4% growth in 2Q FY-2017. Many sectors such as consumer products, infrastructure, cement, automobiles showed positive surprise. A few such as industrials, energy and telecom surprised negatively. Most companies spoke about subdued growth during November and December and a likely stable growth in the month of January.

However, IIP contracted by 0.4% during the month of December as compared to 5.7% growth in November. Manufacturing growth fell 2% as motor vehicles and other consumer good production declined. Mining and basic goods growth accelerated to 5.2% and 5.3% respectively. Electricity was the best performing segment with 6.3% growth.

Headline inflation slipped to 3.2% in Jan’17. Once again, the downward move was driven by food inflation falling to 77bps in Jan’17. Core inflation remained at around 5%. Vegetables and pulses were in deflationat -15.6% and -6.6%, respectively. Fuel inflation came in at 3.4% (3.8% the month prior). Services inflation continued to rise at around 5% in Jan’17. Core inflation hardened slightly to 5.1%. Rural inflation cooled to 3.4% from 3.8%, while urban inflation was unchanged at 2.9%. Inflation for 10M FY-2017 was at 4.7%.

In the February bi-monthly Monetary policy, RBI kept the repo rate and CRR unchanged vs. market expectation of 25bps REPO rate cut. The CPI projection for March-17 is likely to stay below 5% and RBI expects CPI inflation to be at 4-4.5% in H1 FY-2018 and 4.5-5.0% in H2 FY-2018. The policy is hawkish as the stance changed from accommodative to neutral and have concern on core inflation, which remains sticky. The committee is also concerned about the tightening of monetary policy in US and its impacts to the emerging markets.

The stance of monetary policy is changed to neutral with caution on core inflation. Therefore, RBI may not cut rates in near future, as RBI believes the lower inflation is mainly due to vegetables. Inflation may harden due to higher crude and commodity prices. We do not expect any rally in the bond market but lower CPI print and fiscal consolidation measures may bring yields down. The uncertainty remains on slippage in fiscal deficit, sticky core inflation and rate hike by US. Markets have rallied over the last two months. Future direction is likely to be decided by the outcome of UP elections. While valuations have inched up, we remain constructive on equities.

Happy Investing!

Sanjay Chawla

Chief Investment Officer

Source : Bloomberg, Economic Times

CIO Letter

2

Mr. Sanjay ChawlaChief Investment Officer

28th February, 2017


INDEX

Title

How To Read Factsheet Pg 4

Baroda Pioneer Growth Fund Pg 5

Baroda Pioneer ELSS’ 96 Pg 6

Baroda Pioneer Mid Cap Fund Pg 7

Baroda Pioneer Large Cap Fund Pg 8

Baroda Pioneer Banking and Financial Services Fund Pg 9

Baroda Pioneer Balance Fund Pg 10

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

Pg 11

Baroda Pioneer Credit Opportunities Fund Pg 12

Baroda Pioneer Gilt Fund Pg 13

Baroda Pioneer Income Fund Pg 14

Baroda Pioneer Dynamic Bond Fund Pg 15

Baroda Pioneer Short Term Bond Fund Pg 16

Baroda Pioneer Treasury Advantage Fund Pg 17

Baroda Pioneer Liquid Fund Pg 18

Investment Performance Pg 19

SIP Returns Pg 23

Dividend History Pg 24

3

28th February, 2017


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

How To Read Factsheet?

4

28th February, 2017


Baroda Pioneer Growth Fund

PORTFOLIO

Name of Instruments Ratings / Industries

% to Net Assets

EQUITY & EQUITY RELATED

Listed / awaiting listing on the stock exchanges

HDFC Bank Ltd. Banks 4.90%

Infosys Ltd. Software 4.85%

HCL Technologies Ltd. Software 4.02%

ITC Ltd.Consumer Non Durables

3.63%

RBL Bank Ltd. Banks 3.30%

State Bank of India Banks 3.19%

Maruti Suzuki India Ltd. Auto 3.06%

Indian Oil Corporation Ltd.

Petroleum Products

2.91%

The Federal Bank Ltd. Banks 2.86%

Hindalco Industries Ltd.Non - Ferrous Metals

2.79%

Tech Mahindra Ltd. Software 2.77%

Mahindra & Mahindra Ltd.

Auto 2.64%

Vedanta Ltd.Non - Ferrous Metals

2.28%

DCB Bank Ltd. Banks 2.28%

GAIL (India) Ltd. Gas 2.28%

The Ramco Cements Ltd. Cement 2.18%

Britannia Industries Ltd.Consumer Non Durables

2.03%

Mahindra & Mahindra Financial Services Ltd.

Finance 2.02%

Blue Star Ltd.Consumer Durables

2.01%

Sun TV Network Ltd.Media & Entertainment

1.98%

Motherson Sumi Systems Ltd.

Auto Ancillaries 1.94%

Multi Commodity Exchange of India Ltd.

Finance 1.83%

Yes Bank Ltd. Banks 1.83%

Shriram City Union Finance Ltd.

Finance 1.83%

Pidilite Industries Ltd. Chemicals 1.80%

JSW Steel Ltd. Ferrous Metals 1.70%

Tata Motors Ltd. Auto 1.67%

Larsen & Toubro Ltd.Construction Project

1.67%

IndusInd Bank Ltd. Banks 1.65%

Emami Ltd.Consumer Non Durables

1.57%

Sadbhav Engineering Ltd.Construction Project

1.54%

ICICI Bank Ltd. Banks 1.53%

Hindustan Petroleum Corporation Ltd.

Petroleum Products

1.49%

Max Financial Services Ltd. Finance 1.42%

Engineers India Ltd.Construction Project

1.33%

Bharat Forge Ltd.Industrial Products

1.33%

Healthcare Global Enterprises Ltd.

Healthcare Services

1.27%

PORTFOLIO


% to Net Assets

Sun Pharmaceuticals Industries Ltd.

Pharmaceuticals 1.20%

Indraprastha Gas Ltd. Gas 1.05%

Capital First Ltd. Finance 1.01%

Oil & Natural Gas Corporation Ltd.

Oil 0.98%

Rural Electrification Corporation Ltd.

Finance 0.96%

FAG Bearings India Ltd.Industrial Products

0.96%

Eicher Motors Ltd. Auto 0.91%

Astral Poly Technik Ltd.Industrial Products

0.86%

HPL Electric & Power Ltd.Consumer Durables

0.63%

NBCC (India) Ltd. Construction 0.60%

D.B.Corp Ltd.Media & Entertainment

0.58%

Total 95.12%

CBLO / Reverse Repo Investments 4.68%

Total 4.68%

Cash & Cash Equivalents

Net Receivable/Payable 0.20%

Total 0.20%

Grand Total 100.00%

INDUSTRIES/RATINGS

21.54%

11.64%

9.07%

8.28%

7.23%

5.07%

4.88%

4.54%

4.40%

3.33%

3.15%

2.64%

2.56%

2.18%

1.94%

1.80%

1.70%

1.27%

1.20%

0.98%

0.60%

Banks

Software

Finance

Auto

Consumer Non Durables

Non - Ferrous Metals

Cash & Equivalent

Construction Project

Petroleum Products

Gas

Industrial Products

Consumer Durables

Media & Entertainment

Cement

Auto Ancillaries

Chemicals

Ferrous Metals

Healthcare Services

Pharmaceuticals

Oil

Construction

Investors understand that their principal will be at Moderately High risk

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

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

INVESTMENT OBJECTIVE

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

FUND DETAILS

Type of Scheme An Open Ended Growth Scheme

Date of Allotment September 12, 2003

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

Benchmark S&P BSE 200*

Monthly Average AUM (`)

388.03 Crs

Month end AUM (`) 397.07 Crs

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

Entry Load NAExit Load 1% if redeemed on or before

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

PlansOption

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

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

RISk PROFILE 28 FEBRUARY 2017Standard deviation 14.99%Sharpe@ 0.80Beta 0.98Portfolio Turnover (last 12 months) 2.09

NAV AS ON 28 FEBRUARY 2017NAV (Per Unit) `Plan AGrowth 85.1600Dividend 34.9900Plan B - DirectGrowth 88.2200Dividend 34.4400

TOTAL EXPENSE RATIOPlan A 3.01%Plan B (Direct) 1.82%

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*For Disclaimer please refer page no 22@risk free rate (FBIL Overnight MIBOR) 6.05%& Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

An Open Ended Growth Scheme

5

28th February, 2017


PORTFOLIO


% to Net Assets







3.71%



Indian Oil Corporation Ltd.

Petroleum Products

2.97%


2.97%


Shriram City Union Finance Ltd.

Finance 2.82%


Finance 2.65%

Mahindra & Mahindra Ltd.

Auto 2.53%


IDFC Bank Ltd. Banks 2.49%

Max Financial Services Ltd.

Finance 2.18%


Finance 2.16%





2.07%




Motherson Sumi Systems Ltd.

Auto Ancillaries 1.86%

Karnataka Bank Ltd. Banks 1.82%

Bajaj Electricals Ltd.Consumer Durables

1.71%


Finance 1.69%

Radico Khaitan Ltd.Consumer Non Durables

1.68%


1.67%


1.46%

HPL Electric & Power Ltd.

Consumer Durables

1.43%


1.42%


Petroleum Products

1.38%

Sintex Industries Ltd. Industrial Products 1.36%

Emami Ltd.Consumer Non Durables

1.34%


Healthcare Services

1.31%

Britannia Industries Ltd.


1.25%


1.16%

PORTFOLIO


% to Net Assets

Mcleod Russel India Ltd.


1.11%




Sadbhav Engineering Ltd.


0.89%



The Ramco Cements Ltd.

Cement 0.86%

AIA Engineering Ltd. Industrial Products 0.74%

Bharat Forge Ltd. Industrial Products 0.68%

Total 94.28%


Total 4.68%



Total 1.04%

Grand Total 100.00%

INDUSTRIES/RATINGS

20.30%

12.44%

11.24%

9.09%

7.48%

5.72%

4.64%

4.60%

4.35%

3.47%

3.01%

2.78%

2.07%

1.98%

1.93%

1.86%

1.31%

0.87%

0.86%

Banks

Finance

Software


Auto

Cash & Equivalent


Consumer Durables

Petroleum Products


Gas

Industrial Products


Chemicals

Ferrous Metals

Auto Ancillaries

Healthcare Services

Construction

Cement

Baroda Pioneer ELSS’ 96


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

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


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

FUND DETAILS

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

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

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

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

74.38 Crs

Month end AUM (`) 77.85 Crs Minimum Investment ` 500/- & in multiples of ` 1/-

thereafterEntry Load NilExit Load NilPlans

Option

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



NAV AS ON 28 FEBRUARY 2017NAV (Per Unit) `Plan ADividend 31.2500Bonus 39.9200Growth 39.9200Plan B - DirectDividend 35.9100Bonus 42.0000Growth 42.0000


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.05%& Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

An Open Ended Tax Benefit - Cum - Growth Scheme

6

28th February, 2017


Baroda Pioneer Mid-Cap Fund

Investors understand that their principal will be at High risk

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

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


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

FUND DETAILS

Type of Scheme An Open Ended Equity Scheme

Date of Allotment October 4, 2010

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

Benchmark S&P BSE Mid-cap index*Monthly Average AUM (`) 30.42 Crs


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

Entry Load NA

Exit Load

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

Plans

Option

Plan A and Plan B (Direct)

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


PORTFOLIO


% to Net

Assets



PTC India Ltd. Power 4.30%


Finance 3.63%

AIA Engineering Ltd.Industrial Products

3.60%

Essel Propack Ltd.Industrial Products

3.35%

Kajaria Ceramics Ltd. Construction 3.22%


Finance 3.22%


Arvind Ltd. Textile Products 3.08%

Whirlpool of India Ltd.Consumer Durables

3.03%

Muthoot Finance Ltd. Finance 2.89%

The Indian Hotels Company Ltd.

Hotels, Resorts And Other Recreational Activities

2.85%


Finance 2.84%


Syngene International Ltd. Pharmaceuticals 2.76%



NRB Bearings Ltd.Industrial Products

2.47%

Crompton Greaves Consumer Electricals Ltd.

Consumer Durables

2.46%

Bharat Electronics Ltd.Industrial Capital Goods

2.46%

V.S.T Tillers Tractors Ltd. Auto 2.35%

UPL Ltd. Pesticides 2.33%

Tube Investments of India Ltd. Auto Ancillaries 2.02%

Schneider Electric Infrastructure Ltd.

Industrial Capital Goods

1.97%


1.95%

Shriram City Union Finance Ltd. Finance 1.95%

Alembic Pharmaceuticals Ltd. Pharmaceuticals 1.88%


1.83%

JK Cement Ltd. Cement 1.82%

Gulf Oil Lubricants India Ltd.Petroleum Products

1.82%

Bharat Forge Ltd.Industrial Products

1.71%

Britannia Industries Ltd.Consumer Non Durables

1.57%

Sintex Industries Ltd.Industrial Products

1.56%

Igarashi Motors India Ltd. Auto Ancillaries 1.50%

IDFC Ltd. Finance 1.30%


Johnson Controls-Hitachi Air Conditioning India Ltd.

Consumer Durables

1.19%

Mcleod Russel India Ltd.Consumer Non Durables

1.12%

Radico Khaitan Ltd.Consumer Non Durables

1.06%

PORTFOLIO


% to Net

Assets


Dynamatic Technologies Ltd. Auto Ancillaries 0.94%

Cyient Ltd. Software 0.94%

Motherson Sumi Systems Ltd. Auto Ancillaries 0.91%




0.61%


Total 95.75%

BONDS & NCDs


NTPC Ltd. CRISIL AAA 0.42%

Total 0.42%


Total 2.97%



Total 0.86%

Grand Total 100.00%

INDUSTRIES/RATINGS

Hotels, Resorts AndOther Recreational Activities

18.57%

12.69%

10.39%

9.12%

5.37%

4.64%

4.43%

4.30%

3.90%

3.83%

3.75%

3.08%

2.85%

2.35%

2.33%

2.25%

1.95%

1.82%

1.02%

0.94%

0.42%

Finance

Industrial Products

Banks

Consumer Durables

Auto Ancillaries

Pharmaceuticals


Power

Construction

Cash & Equivalent

Consumer Non DurablesTextile Products

AutoPesticides

Cement


Petroleum Products

Gas

Software

CRISIL AAA

An Open Ended Equity Scheme

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015*For Disclaimer please refer page no 22 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.05%

7

RISk PROFILE 28 FEBRUARY 2017

Standard deviation 19.67%Sharpe@ 0.33Beta 1.00Portfolio Turnover (last 12 months) 2.58

NAV AS ON 28 FEBRUARY 2017

NAV (Per Unit) `Plan AGrowth 8.0300Dividend 8.0300Plan B - DirectGrowth 8.2800Dividend 8.2800

TOTAL EXPENSE RATIO

Plan A 3.14%Plan B (Direct) 2.34%

28th February, 2017


Baroda Pioneer Large Cap Fund


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

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


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

FUND DETAILS

Type of Scheme An Open Ended Equity SchemeDate of Allotment June 22, 2010Fund Manager# Mr. Sanjay Chawla (Experience 25 yrs)

Mr. Dipak Acharya (Experience 12 yrs)

Benchmark Nifty 100 (For disclaimer refer pg 22)Monthly Average AUM (`) 20.66 CrsMonth end AUM (`) 21.37 Crs Minimum Investment ` 5,000/- & in multiples of ` 1/-

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

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

Plans

Option




PORTFOLIO


% to Net

Assets



Indian Oil Corporation Ltd. Petroleum Products 8.12%


6.15%




5.51%



5.19%








Cipla Ltd. Pharmaceuticals 2.74%

Zee Entertainment Enterprises Ltd.


2.63%

Adani Ports and Special Economic Zone Ltd.

Transportation 2.48%

Mahindra & Mahindra Ltd. Auto 2.46%

Kotak Mahindra Bank Ltd. Banks 2.44%


2.43%

Tata Power Company Ltd. Power 1.94%

Coal India Ltd. Minerals/Mining 1.13%


Cummins India Ltd. Industrial Products 1.04%

Siemens Ltd.Industrial Capital Goods

0.85%

Total 90.32%

BONDS & NCDs


NTPC Ltd. CRISIL AAA 0.27%

Total 0.27%


Total 9.68%


Net Receivable/Payable -0.27%

Total -0.27%

Grand Total 100.00%

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

INDUSTRIES/RATINGS

19.17%

12.19%

9.48%

9.41%

8.12%

7.62%

6.15%

5.51%

5.33%

3.94%

2.74%

2.63%

2.48%

1.94%

1.13%

1.04%

0.85%

0.27%

Banks

Software

Auto

Cash & Equivalent

Petroleum Products




Gas

Ferrous Metals

Pharmaceuticals


Transportation

Power

Minerals/Mining

Industrial Products


CRISIL AAA

An Open Ended Equity Scheme

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.05%

8

RISk PROFILE 28 FEBRUARY 2017

Standard deviation 18.53%

Sharpe@ 0.81

Beta 1.08

Portfolio Turnover (last 12 months) 3.00


NAV (Per Unit) `

Plan AGrowth 12.5800

Dividend 11.5800

Plan B - DirectGrowth 12.9100

Dividend 11.9000

TOTAL EXPENSE RATIO

Plan A 3.25%

Plan B (Direct) 2.25%

28th February, 2017


Baroda Pioneer Banking and Financial Services Fund

Investors understand that their principal will be atHigh risk

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

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


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

FUND DETAILS

Type of Scheme An Open Ended Sectoral Scheme

Date of Allotment June 22, 2012

Fund Manager# Mr. Dipak Acharya(Experience 12 yrs)

Benchmark Nifty Bank Index*

Monthly Average AUM (`) 50.99 Crs



Entry Load NA

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

Plans

Option





NAV AS ON 28 FEBRUARY 2017NAV (Per Unit) `Plan AGrowth 18.1600Dividend 16.8900Bonus 18.1600Plan B - DirectGrowth 18.7700Dividend 17.4700Bonus NA


PORTFOLIO


% to Net Assets






Kotak Mahindra Bank Ltd. Banks 9.93%





Finance 3.78%




Finance 2.77%

Axis Bank Ltd. Banks 2.51%

Bank of Baroda Banks 2.46%



Finance 2.17%


Credit Analysis and Research Ltd.

Finance 1.04%

Total 95.15%


Total 33.16%



Total -28.31%

Grand Total 100.00%

INDUSTRIES/RATINGS

85.39%

9.76%

4.85%

Banks

Finance

Cash & Equivalent

An Open Ended Sectoral Scheme

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*For Disclaimer please refer page no 22@risk free rate (FBIL Overnight MIBOR) 6.05%

9

28th February, 2017


Baroda Pioneer Balance Fund


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

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


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

FUND DETAILS

Type of Scheme An Open Ended Balanced Scheme


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

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

Monthly Average AUM (`) 144.68 CrsMonth end AUM (`) 172.48 Crs


Entry Load NA

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

Plans

Option





NAV AS ON 28 FEBRUARY 2017NAV (Per Unit) `Plan AGrowth 48.1200Dividend 17.4500Bonus NAPlan B - DirectGrowth 50.2600Dividend 18.7100


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.05% & Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

PORTFOLIO


% to Net

Assets




4.58%





2.15%




Indian Oil Corporation Ltd.Petroleum Products

2.02%


1.87%

Bharat Forge Ltd. Industrial Products 1.84%







Finance 1.56%



Finance 1.53%


Mcleod Russel India Ltd.Consumer Non Durables

1.41%


Shriram City Union Finance Ltd. Finance 1.35%


1.33%





Healthcare Services

1.10%


1.06%



Finance 0.98%

KEC International Ltd.Construction Project

0.97%


Syngene International Ltd. Pharmaceuticals 0.97%

Motherson Sumi Systems Ltd. Auto Ancillaries 0.96%


Petroleum Products

0.94%

Oil & Natural Gas Corporation Ltd.

Oil 0.90%

Sintex Industries Ltd. Industrial Products 0.90%


0.88%




0.72%



Bajaj Electricals Ltd.Consumer Durables

0.53%


0.52%

PORTFOLIO


% to Net

Assets

TeamLease Services Ltd.Commercial Services

0.50%

FAG Bearings India Ltd. Industrial Products 0.49%

D.B.Corp Ltd.Media & Entertainment

0.44%

Total 68.66%

CENTRAL GOVERNMENT SECURITIES

7.59% CGL 2026 Sovereign 6.04%







Total 14.35%

BONDS & NCDs


Vijaya Bank [ICRA]AA- 1.75%

Dewan Housing Finance Corporation Ltd.

BWR AAA 1.16%

Total 2.91%


Total 16.99%



Total -2.91%

Grand Total 100.00%


INDUSTRIES/RATINGS

16.47%14.35%14.08%

7.51%5.99%5.69%

4.84%3.23%3.21%3.18%2.96%

2.31%2.18%2.12%1.77%1.75%

1.19%1.16%1.10%0.97%0.97%0.96%0.90%0.61%0.50%

BanksSovereign

Cash & EquivalentFinance

Consumer Non DurablesSoftware

AutoIndustrial Products

Non - Ferrous MetalsConstruction ProjectPetroleum Products

Media & EntertainmentFerrous Metals

GasConsumer Durables

[ICRA]AA-ChemicalsBWR AAA

Healthcare ServicesCement

PharmaceuticalsAuto Ancillaries

OilConstruction

Commercial Services

An Open Ended Balanced Scheme

10

28th February, 2017


Baroda Pioneer Monthly Income Plan (MIP) Fund

Investors understand that their principal will be at Moderate risk

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

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

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


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

FUND DETAILS

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


Fund Manager Ms. Hetal Shah#

(Experience 12 yrs)

Benchmark CRISIL MIP Blended Index




Entry Load NA

Exit Load NIL

Plans Plan A and Plan B (Direct)

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



NAV (Per Unit) `Plan AGrowth 20.8499Dividend - Monthly 13.3898Dividend - Quarterly 13.1691Plan B - Direct

Growth 21.5799Dividend - Monthly 13.6380Dividend - Quarterly 13.4464

PORTFOLIO CHARACTERISTIC

Average Maturity (Days) 2933.46Modified Duration (Years) 5.23Portfolio Yield (%) 7.47

TOTAL EXPENSE RATIO


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*Monthly income is not assured and is subject to the availability of distributable surplus.

PORTFOLIO


% to Net

Assets

EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesMulti Commodity Exchange of India Ltd.

Finance 0.68%


Indian Oil Corporation Ltd.Petroleum Products

0.59%


0.58%








Total 5.84%


8.60% CGL 2028 Sovereign 18.12%

7.61% CGL 2030 Sovereign 17.16%

7.88% CGL 2030 Sovereign 14.40%




Total 61.24%

BONDS & NCDs

Listed / awaiting listing on the stock exchangesPower Finance Corporation Ltd.

CRISIL AAA 7.38%


CRISIL AAA 5.07%

India Infoline Housing Finance Ltd.

[ICRA]AA 4.15%

Power Grid Corporation of India Ltd.

CRISIL AAA 3.55%

IIFL Facilities Services Ltd. [ICRA]AA 3.37%

IDBI Bank Ltd. CRISIL A 3.23%

Total 26.75%


Total 4.01%



Total 2.16%

Grand Total 100.00%


RATING PROFILE

61.24%

16.00%

7.52%

6.17%

3.23%

1.50%

1.15%

0.88%

0.59%

0.58%

0.58%

0.56%

Sovereign

CRISIL AAA

[ICRA]AA

Cash & Equivalent

CRISIL A

Banks

Finance

Auto

Petroleum Products


Gas

Software

INSTRUMENTS

61.24%

26.75%

5.84%4.01% 2.16%

CENTRALGOVERNMENTSECURITIESBONDS & NCDs

EQUITY & EQUITYRELATED

CBLO / Reverse RepoInvestments

Cash & CashEquivalents

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

11

28th February, 2017


Baroda Pioneer Credit Opportunities Fund


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

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


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

FUND DETAILS

Type of Scheme An Open Ended Debt Scheme

Date of Allotment January 23, 2015

Fund Manager Mr. Alok Sahoo#

(Experience 13 yrs), Ms. Hetal Shah#

(Experience 12 yrs)

Benchmark CRISIL Short Term Bond Fund Index


479.50 Crs



Entry Load NA

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


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




TOTAL EXPENSE RATIO


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

PORTFOLIO


% to Net

Assets

MONEY MARkET INSTRUMENT

Commercial Paper**

Peninsula Land Ltd. [ICRA]A1 10.92%

Simplex Infrastructures Ltd. CARE A1 6.10%

Adani Enterprises Ltd. BWR A1+ 5.31%

IIFL Facilities Services Ltd. CRISIL A1+ 2.74%

Total 25.07%





Total 5.84%

BONDS & NCDsListed / awaiting listing on the stock exchanges


BWR AAA 7.88%

IIFL Facilities Services Ltd. [ICRA]AA 7.32%

Apollo Hospitals Enterprise Ltd. CRISIL AA 6.82%

Edelweiss Housing Finance Ltd. [ICRA]AA 5.13%

Edelweiss Commodities Services Ltd.

CARE AA 4.36%

Aspire Home Finance Corporation Ltd.

[ICRA]AA- 3.75%

Edelweiss Asset Reconstruction Company Ltd.

[ICRA]AA 3.12%

India Infoline Housing Finance Ltd. CRISIL AA 2.22%

Janalakshmi Financial Services Ltd. [ICRA]A+ 1.25%

JSW Steel Ltd. CARE AA- 1.06%

India Infoline Finance Ltd. [ICRA]AA 0.87%


Total 44.00%

UnlistedARM Infra & Utilities Private Ltd.

BWR A1+ (SO) 6.77%

Janalakshmi Financial Services Ltd.

[ICRA]A+ 3.85%

Tanglin Developments Ltd. BWR A+ (SO) 3.19%

Total 13.81%

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

[ICRA]A1+mfs 4.10%

Total 4.10%

CBLO /Reverse Repo investments 0.82%

Total 0.82%



Total 6.36%

Grand Total 100.00%

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

RATING PROFILE

16.44%

10.92%

9.04%

7.88%

7.18%

6.77%

6.10%

5.84%

5.31%

5.10%

4.36%

4.10%

3.75%

3.19%

2.74%

1.06%

0.22%

[ICRA]AA

[ICRA]A1

CRISIL AA

BWR AAA

Cash & Equivalent

BWR A1+ (SO)

CARE A1

Sovereign

BWR A1+

[ICRA]A+

CARE AA

Unrated

[ICRA]AA-

BWR A+ (SO)

CRISIL A1+

CARE AA-

CRISIL A

INSTRUMENTS

44.00%25.07%

13.81%

6.36%

5.84%4.10% 0.82% BONDS & NCDs

Commercial Paper

Unlisted

Cash & CashEquivalentsCENTRALGOVERNMENTSECURITIESInvestmentFunds/Mutual FundsCBLO / Reverse RepoInvestments


NAV (Per Unit) `Plan ABonus NAGrowth 12.4114Dividend - Quarterly 10.8229Dividend - Monthly 10.8058Plan B - Direct

Bonus 12.7281Growth 12.7281Dividend - Quarterly 11.0898Dividend - Monthly 11.1245

An Open Ended Debt Scheme

12

28th February, 2017


Baroda Pioneer Gilt Fund


This product is suitable for investors who are seeking*• Credit risk free regular Income over long term• Investment only in Government (both Central and State

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


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

FUND DETAILS

Type of Scheme An Open Ended Gilt Scheme

Date of Allotment March 21, 2002


(Experience 12 yrs)

Benchmark I SEC-MI BEX


47.57 Crs



Entry Load NA

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


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






TOTAL EXPENSE RATIO

Plan A 2.00%


PORTFOLIO


% to Net Assets


7.59% CGL 2026 Sovereign 26.12%

7.59% CGL 2029 Sovereign 16.65%








Total 79.30%

STATE GOVERNMENT SECURITIES

9.39% SDL 2023 Sovereign 5.74%

Total 5.74%


Total 13.41%



Total 1.55%

Grand Total 100.00%

RATING PROFILE

85.04%

14.96%

Sovereign

Cash & Equivalent

INSTRUMENTS

79.30%

13.41%

5.74% 1.55%CENTRALGOVERNMENTSECURITIES


STATE GOVERNMENTSECURITIES



An Open Ended Gilt Scheme

13

28th February, 2017


Baroda Pioneer Income Fund


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

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


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

FUND DETAILS

Type of Scheme An Open Ended Income Scheme

Date of Allotment March 21, 2002


(Experience 12 yrs)

Benchmark CRISIL Composite Bond Fund Index


25.65 Crs



Entry Load NA

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


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






TOTAL EXPENSE RATIO

Plan A 2.69%


PORTFOLIO


% to Net Assets


Commercial Paper**


Total 7.50%


7.59% CGL 2026 Sovereign 10.17%








Total 54.59%






Total 8.57%

BONDS & NCDs



BWR AAA 8.99%


[ICRA]A+ 8.82%


Total 26.55%


Total 0.23%



Total 2.56%

Grand Total 100.00%


RATING PROFILE

63.16%

8.99%

8.82%

8.74%

7.50%

2.79%

Sovereign

BWR AAA

[ICRA]A+

CRISIL A

[ICRA]A1

Cash & Equivalent

INSTRUMENTS

54.59%

26.55%

8.57%

7.50%2.56%

0.23% CENTRALGOVERNMENTSECURITIESBONDS & NCDs


Commercial Paper



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

An Open Ended Income Scheme

14

28th February, 2017


Baroda Pioneer Dynamic Bond Fund


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

liquidity• Investment in medium to long term corporate bonds

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


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

FUND DETAILS



Fund Manager Mr. Alok Sahoo# (Experience 13 yrs), Ms. Hetal Shah# (Experience 12 yrs)

Benchmark CRISIL Composite Bond Fund Index




Entry Load NA

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


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






TOTAL EXPENSE RATIO

Plan A 1.87%


PORTFOLIO


% to Net Assets


Commercial Paper**


Total 10.80%


7.61% CGL 2030 Sovereign 11.61%






Total 37.48%


9.72% SDL 2023 Sovereign 20.84%

Total 20.84%

BONDS & NCDs


Vijaya Bank [ICRA]AA- 7.56%


BWR AAA 7.50%


[ICRA]A+ 6.92%


L&T Finance Ltd. [ICRA]AA+ 0.94%

Total 26.57%


Total 1.68%



Total 2.63%

Grand Total 100.00%


RATING PROFILE

58.32%

10.80%

7.56%

7.50%

6.92%

4.31%

3.65%

0.94%

Sovereign

[ICRA]A1

[ICRA]AA-

BWR AAA

[ICRA]A+

Cash & Equivalent

CRISIL A

[ICRA]AA+

INSTRUMENTS

37.48%

26.57%

20.84%

10.80%2.63% 1.68% CENTRAL

GOVERNMENTSECURITIESBONDS & NCDs


Commercial Paper





15

28th February, 2017


Baroda Pioneer Short Term Bond Fund

Investors understand that their principal will be at Moderately Low risk

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

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


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

FUND DETAILS



Fund Manager Mr. Alok Sahoo# (Experience 13 yrs), Ms. Hetal Shah# (Experience 12 yrs)

Benchmark CRISIL Short Term Bond Fund Index




Entry Load NA

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


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






TOTAL EXPENSE RATIO

Plan A 1.23%


PORTFOLIO


% to Net Assets


Commercial Paper**





CRISIL A1+ 1.22%

Total 17.70%

BONDS & NCDs


Manappuram Finance Ltd. CRISIL AA- 8.04%


BWR AAA 7.10%

Indiabulls Housing Finance Ltd.

BWR AAA 5.70%


CARE AA 3.18%



CRISIL A+ 2.61%


CRISIL AAA 1.60%


[ICRA]A+ 1.45%


[ICRA]AA- 1.17%

Power Finance Corporation Ltd.

CRISIL AAA 1.07%


CRISIL AA 0.75%



CRISIL AAA 0.46%

Vedanta Ltd. CRISIL AA- 0.29%

Total 37.16%

Unlisted

Tanglin Developments Ltd. BWR A+ (SO) 2.86%


[ICRA]A+ 2.08%

Total 4.94%

Cash Management Bill

CMB 49 DAY 2017 Sovereign 10.81%

Total 10.81%


Total 27.97%



Total 1.42%

Grand Total 100.00%


RATING PROFILE

29.39%

12.80%

10.81%

8.33%

6.94%

6.82%

3.94%

3.53%

3.18%

3.14%

3.13%

2.86%

2.61%

1.17%

0.75%

0.60%

Cash & Equivalent

BWR AAA

Sovereign

CRISIL AA-

[ICRA]A1

BWR A1+

CRISIL A1+

[ICRA]A+

CARE AA

CARE AA-

CRISIL AAA

BWR A+ (SO)

CRISIL A+

[ICRA]AA-

CRISIL AA

[ICRA]AA

INSTRUMENTS

37.16%

27.97%

17.70%

10.81%

4.94% 1.42% BONDS & NCDs


Commercial Paper

Cash ManagementBill

Unlisted



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

16

28th February, 2017


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

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

Investors understand that their principal will be at Moderately Low risk

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

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

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


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

FUND DETAILS

Type of Scheme An Open Ended Debt Scheme




(Experience 12 yrs)

Benchmark CRISIL Liquid Fund Index


2674.62 Crs



Entry Load NA

Exit Load Nil


Options

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

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



TOTAL EXPENSE RATIO

Plan A 0.80%


PORTFOLIOName of Instruments Ratings /

Industries% to

Net Assets


Certificate of Deposit**

Credit Suisse Ag CRISIL A1+ 0.84%

Total 0.84%Commercial Paper**JSW Steel Ltd. CARE A1+ 6.95%



CRISIL A1+ 5.06%

Adani Ports and Special Economic Zone Ltd.

[ICRA]A1+ 3.48%

Housing Development Finance Corporation Ltd.

CRISIL A1+ 3.31%


IIFL Facilities Services Ltd. CRISIL A1+ 1.20%Godrej Properties Ltd. [ICRA]A1+ 0.87%Kotak Commodity ServicesPrivate Ltd.

[ICRA]A1+ 0.93%

Godrej Properties Ltd. [ICRA]A1+ 0.92%

Total 28.14%

BONDS & NCDs



[ICRA]AA 5.04%


BWR AAA 4.94%

Indiabulls Housing Finance Ltd. CARE AAA 3.56%


[ICRA]AA- 2.81%

Apollo Hospitals Enterprise Ltd. CRISIL AA 2.47%

Power Finance Corporation Ltd. CRISIL AAA 2.14%

Manappuram Finance Ltd. CRISIL AA- 1.65%


CARE AA 1.52%


[ICRA]A+ 1.25%


Piramal Enterprises Ltd. [ICRA]AA 1.08%


CRISIL AA 0.80%


CRISIL A+ 0.57%

Edelweiss Asset Reconstruction Company Ltd.

[ICRA]AA 0.35%



[ICRA]AA 0.32%


CRISIL AAA 0.30%


CRISIL AAA 0.26%

Steel Authority of India Ltd. IND AA 0.18%

Indiabulls Housing Finance Ltd. BWR AAA 0.17%

Total 30.97%UnlistedTanglin Developments Ltd. BWR A+ (SO) 0.86%ARM Infra & Utilities Private Ltd. BWR A1+ (SO) 0.59%Powergrid Vizag Transmission Ltd.

CRISIL AAA (SO)

0.36%

Total 1.81%Cash Management BillCMB 49 DAY 2017 Sovereign 6.97%CMB 63 DAY 2017 Sovereign 4.00%Total 10.97%CBLO / Reverse Repo Investments 20.56%Total 20.56%

PORTFOLIOName of Instruments Ratings /

Industries% to

Net Assets

Cash & Cash EquivalentsNet Receivable/Payable 6.71%Total 6.71%Grand Total 100.00%


RATING PROFILE

27.27%

10.97%

10.41%

7.12%

6.95%

5.20%

5.11%

4.35%

3.56%

3.27%

2.81%

2.70%

2.07%

1.65%

1.52%

1.25%

1.23%

0.86%

0.59%

0.57%

0.36%

0.18%

Cash & Equivalent

Sovereign

CRISIL A1+

[ICRA]AA

CARE A1+

BWR A1+

BWR AAA

[ICRA]A1+

CARE AAA

CRISIL AA

[ICRA]AA-

CRISIL AAA

[ICRA]A1

CRISIL AA-

CARE AA

[ICRA]A+

CARE AA-

BWR A+ (SO)

BWR A1+ (SO)

CRISIL A+

CRISIL AAA (SO)

IND AA

INSTRUMENTS

30.97%

28.14%

20.56%

10.97%

6.71%

1.81%0.84% BONDS & NCDs

Commercial Paper

CBLO / Reverse RepoInvestmentsCash ManagementBillCash & CashEquivalentsUnlisted

Certificate of Deposit


NAV (Per Unit) `RegularGrowth 1835.1574Dividend - Daily 1004.5707Dividend - Weekly 1003.4459Dividend - Monthly 1004.8845Dividend - Quarterly NAPlan ABonus 1868.1574Growth 1881.7872Dividend - Daily 1029.0063Dividend - Weekly 1019.8288Dividend - Monthly 1004.8843Dividend - Quarterly 1035.9958Plan B - DirectBonus 1907.7576Growth 1907.8223Dividend - Daily 1008.8997Dividend - Weekly 1003.4594Dividend - Monthly 1004.9379Dividend - Quarterly 1040.7185

An Open Ended Debt Scheme

17

28th February, 2017


[ICRA] A1+ mfs*Baroda Pioneer Liquid Fund

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

Investors understand that their principal will be atLow risk

This product is suitable for investors who are seeking*

• Regular income over short term with high level of liquidity

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


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

FUND DETAILS

Type of Scheme An Open Ended Liquid Scheme

Date of Allotment February 5, 2009



(Experience 12 yrs)

Benchmark CRISIL Liquid Fund Index


6002.29 Crs

Month end AUM (`) 5118.71Crs


Entry Load NA

Exit Load Nil


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

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



TOTAL EXPENSE RATIOPlan A 0.26%


PORTFOLIO


% to Net

Assets


Commercial Paper**

India Infoline Housing Finance Ltd. [ICRA]A1+ 7.54%

Edelweiss Commodities Services Ltd. [ICRA]A1+ 5.85%

Export-Import Bank of India CRISIL A1+ 3.37%


IIFL Wealth Finance Ltd. [ICRA]A1+ 3.32%

Adani Ports and SpecialEconomic Zone Ltd.

[ICRA]A1+ 2.53%

Edelweiss Agri Value Chain Ltd. [ICRA]A1+ 2.49%

JSW Steel Ltd. CARE A1+ 1.69%

Motilal Oswal Securities Ltd. CRISIL A1+ 1.34%


Total 32.65%

Treasury Bills

TBILL 91 DAY 16 Mar 2017 Sovereign 4.96%



Total 11.90%

Cash Management Bill

CMB 49 DAY 2017 Sovereign 1.69%

Total 1.69%

Fixed Deposit

Yes Bank Ltd. Unrated 1.69%

RBL Bank Ltd. Unrated 1.69%

Total 3.38%

CBLO /Reverse Repo investments 48.95%

Total 48.95%



Total 1.43%

Grand Total 100.00%


RATING PROFILE

50.38%

21.73%

13.59%

8.07%

3.38%

1.69%

1.16%

Cash & Equivalent

[ICRA]A1+

Sovereign

CRISIL A1+

Unrated

CARE A1+

BWR A1+

INSTRUMENTS

48.95%

32.65%

11.90%

3.38%1.69%

1.43% CBLO / Reverse RepoInvestments

Commercial Paper

Treasury Bills

Fixed Deposit

Cash ManagementBill



NAV (Per Unit) `RegularGrowth 2725.2735

Dividend 2334.8991Dividend - Daily 1006.0602Plan AGrowth 1852.0431Dividend - Daily 1001.1191Dividend - Weekly 1000.2291Plan B - DirectBonus 1859.4713Growth 1859.1555Dividend - Daily 1001.8422Dividend - Weekly 1224.4055

An Open Ended Liquid Scheme

18

28th February, 2017


Investment Performance

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

Date Of Inception: 12/09/2003 Dec 2015 - Dec 2016&

Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&

Since Inception@Scheme Name & Benchmark

Nav Per Unit (`) 74.88 76.07 51.91 10.00

Baroda Pioneer Growth Fund (in %)^ 2.30 -1.56 46.54 16.53

S&P BSE 200 (Scheme Benchmark) (in %)* 3.95 -1.48 35.47 14.74

Nifty 50 (Standard Benchmark) (in %)$ 3.01 -4.06 31.39 14.36

` 10,000, if invested in BPGF, would have become NA NA NA `76,600

` 10,000, if invested in S&P BSE 200, would have become NA NA NA `62,329

` 10,000, if invested in Nifty 50, would have become NA NA NA `59,659

^Past performance may or may not be sustained in the future.Data is for Growth Option and the last working day of December 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. @Since Inception returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. &Absolute Returns, $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.


Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&


Nav Per Unit (`) 29.90 32.72 24.08 10.00

Baroda Pioneer ELSS’ 96 Fund (in %)^ 2.37 -2.67 46.87 12.26

S&P BSE 200 (Scheme Benchmark) (in %)* 3.95 -1.48 35.47 11.82


`10,000, if invested in BPELSS’96F, would have become NA NA NA `1,10,362

`10,000, if invested in S&P BSE 200, would have become NA NA NA `1,01,652

`10,000, if invested in Nifty 50, would have become NA NA NA `83,079

^Past performance may or may not be sustained in the future.Data is for Dividend Option and the last working day of December 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. @Since Inception returns are Compounded Annualised are calculated on the basis of `10 invested at inception. &Absolute Returns, $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.


Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&


Nav Per Unit (`) 42.43 41.36 32.02 10.00

Baroda Pioneer Balance Fund (in %)^ 4.53 2.59 29.17 11.84

CRISIL Balanced Fund - Aggressive index (effective April 4, 2016) (Scheme Benchmark) (in %) 6.66 0.48 25.34 12.08


`10,000, if invested in BPBF, would have become NA NA NA `44,350

`10,000, if invested in CRISIL Balanced Fund - Aggressive index (effective April 4, 2016), would have become NA NA NA `45,651


^Past performance may or may not be sustained in the future.Data is for Growth Option and the last working day of December 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. @Since Inception returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. &Absolute Returns, $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.


Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&


Nav Per Unit (`) 7.55 8.95 6.18 10.00

Baroda Pioneer Mid-Cap Fund (in %)^ -4.50 -15.64 44.82 -5.10

S&P BSE MidCap (Scheme Benchmark) 7.97 7.43 54.69 6.19


`10,000, if invested in BPMCF, would have become NA NA NA `7,210

`10,000, if invested in S&P BSE MidCap, would have become NA NA NA `14,548



19

28th February, 2017



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


Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&


Nav Per Unit (`) 11.09 11.37 7.49 10.00

Baroda Pioneer Large Cap Fund (in %)^ 4.06 -2.46 51.80 2.22

Nifty 100 (Scheme Benchmark) 3.60 -2.41 33.17 7.36


`10,000, if invested in BPLCF, would have become NA NA NA `11,540

`10,000, if invested in Nifty 100 would have become NA NA NA `15,899



Funds Managed by Mr. Dipak AcharyaDate Of Inception: 22/06/2012 Dec 2015 -

Dec 2016&

Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&


Nav Per Unit (`) 14.48 16.41 10.32 10.00

Baroda Pioneer Banking and Financial Services Fund (in %)^ 8.70 -11.76 59.01 10.54

Nifty Bank Index (Scheme Benchmark) (in %) 7.42 -9.68 64.57 14.02


`10,000, if invested in BPBFSF, would have become NA NA NA `15,740

`10,000, if invested in Nifty Bank Index, would have become NA NA NA `18,108




Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&


Nav Per Unit (`) 15.38 14.16 12.93 10.00

Baroda Pioneer Short Term Bond Fund (in %)^ 9.50 8.61 9.53 8.34

CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 9.83 8.66 10.47 8.64

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 7.27 8.22 8.56 7.08

`10,000, if invested in BPSTBF, would have become NA NA NA `16,840

`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become NA NA NA `17,147

`10,000, if invested in CRISIL 1 year T-Bill, would have become NA NA NA `15,603


Funds Managed by Mr. Alok Sahoo, Ms Hetal Shah

20


Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&


Nav Per Unit (`) 1700.15 1568.95 1437.64 1000.00

Baroda Pioneer Liquid Fund (in %)^ 7.77 8.36 9.13 7.96

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 7.48 8.23 9.21 7.54

CRISIL 1 year T-Bill (Standard Benchmark) (in%)$ 7.27 8.22 8.56 6.24

`10,000, if invested in BPLF, would have become NA NA NA `18,322

`10,000, if invested in CRISIL Liquid Fund Index, would have become NA NA NA `17,759

`10,000, if invested in CRISIL 1 year T-Bill, would have become NA NA NA `16,140


28th February, 2017



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


Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&


Nav Per Unit (`) 1697.95 1557.30 1423.89 1000.00

Baroda Pioneer Treasury Advantage Fund (in %)^ 9.23 9.03 9.37 8.56

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 7.48 8.23 9.21 7.58


`10,000, if invested in BPTAF, would have become NA NA NA `18,546

`10,000, if invested in CRISIL Liquid Fund Index, would have become NA NA NA `17,330

`10,000, if invested CRISIL 1 year T-Bill, would have become NA NA NA `15,924


Date of Inception: 23/01/2015 Dec 2015 - Dec 2016&

Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&


Nav Per Unit (`) 10.97 NA NA 10.00

Baroda Pioneer Credit Opportunities Fund (in %)^ 11.30 NA NA 10.85

CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 9.83 NA NA 9.11

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 7.27 NA NA 7.65

`10,000, if invested in BPCOF, would have become NA NA NA `12,208

`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become NA NA NA `11,841




Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&


Nav Per Unit (`) 19.15 18.07 15.58 10.00

Baroda Pioneer Monthly Income Plan (MIP) Fund (in %)^* 8.90 5.95 15.98 6.15

CRISIL MIP Blended Index (Scheme Benchmark) (in %) 11.55 6.79 16.83 8.55

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ 14.97 7.39 14.14 6.34

`10,000, if invested in BPMIPF, would have become NA NA NA `20,852

`10,000, if invested in CRISIL MIP Blended Index, would have become NA NA NA `27,465

`10,000, if invested in CRISIL 10 Year Gilt Index, would have become NA NA NA `21,320


Funds Managed by Ms. Hetal Shah

21

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

Date of Inception: 30/06/2012 Dec 2015 - Dec 2016&

Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&


Nav Per Unit (`) 13.62 12.70 11.04 10.00

Baroda Pioneer Dynamic Bond Fund (in %)^ 13.02 7.29 14.98 10.06

CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 12.93 8.63 14.31 9.83


`10,000, if invested in BPDBF, would have become NA NA NA `15,397

`10,000, if invested in CRISIL Composite Bond Fund Index, would have become NA NA NA `15,254



28th February, 2017



Funds Managed by Ms. Hetal Shah


Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&


Nav Per Unit (`) 22.68 21.43 18.76 10.00

Baroda Pioneer Income Fund (in %)^ 12.00 5.82 14.21 6.50

CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 12.93 8.63 14.31 7.21

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ 14.97 7.39 14.14 7.01

`10,000, if invested in BPIF, would have become NA NA NA `25,396

`10,000, if invested in CRISIL Composite Bond Fund Index, would have become NA NA NA `27,982



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

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

Nifty 100: Baroda Pioneer Large Cap Fund (“Scheme”) offered by Baroda Pioneer Mutual Fund is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied (including warranties of merchant ability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Schemes or any member of the public regarding the advisability of investing in securities generally or in the said Schemes linked to Nifty100, or particularly in the ability of the Nifty 100, to track general stock market performance in India.

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

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

22


Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&


Nav Per Unit (`) 22.89 21.49 18.68 10.00

Baroda Pioneer Gilt Fund (in %)^ 13.41 6.49 15.08 6.66

I-Sec Mi-BEX (Scheme Benchmark) (in %) 12.82 9.19 13.38 7.96

CRISIL 10 Year Gilt Index (Standard Benchmark)$ 14.97 7.39 14.14 7.01

`10,000, if invested in BPGF, would have become NA NA NA `25,956

`10,000, if invested in I-Sec Mi-BEX, would have become NA NA NA `31,023



28th February, 2017


SIP Returns

23

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

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

Total Value as on Dec 31, 2016 (Rs) 1,19,773 3,88,365 7,81,853 11,48,845 19,41,856 38,32,342

Returns (%) -0.35 4.99 10.53 8.80 9.31 12.27

Total Values of Nifty 100 (Rs) 1,21,789 3,87,442 7,62,418 11,36,710 18,89,683 34,60,982

S&P BSE 200 Returns (%)* 2.78 4.83 9.52 8.50 8.79 10.89

Total Value of Nifty 50 (Rs) 1,21,038 3,75,662 7,28,382 10,91,651 18,04,288 33,25,242

Nifty 50 Returns (%) 1.61 2.79 7.69 7.37 7.91 10.35

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


Total Value as on Dec 31, 2016 (Rs) 1,20,679 3,87,870 7,86,868 11,71,175 19,08,751 1,12,91,440

Returns (%) 1.05 4.91 10.79 9.34 8.98 12.96

Total Values of S&P BSE 200SENSEX (Rs)

1,21,789 3,87,442 7,62,418 11,36,710 18,89,683 1,15,56,876

S&P BSE 200 Returns (%)* 2.78 4.83 9.52 8.50 8.79 13.14


Nifty 50 Returns (%) 1.61 2.79 7.69 7.37 7.91 11.92

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

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 7,50,000

Total Value as on Dec 31, 2016 (Rs) 1,21,023 3,42,280 6,01,012 7,28,302

Returns (%) 1.59 -3.25 0.07 -0.93

Total Values of S&P BSE MidCap^^ (Rs) 1,23,439 4,35,083 9,02,821 11,63,970

S&P BSE MidCap^^ Returns (%) 5.37 12.71 16.36 13.91

Total Value of Nifty 50 (Rs) 1,21,038 3,75,662 7,28,382 9,49,715

Nifty 50 Returns (%) 1.61 2.79 7.69 7.46

Baroda Pioneer Large CapFund

1 Year 3 Years 5 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 7,90,000

Total Value as on Dec 31, 2016 (Rs) 1,26,253 3,95,289 7,75,723 10,13,205

Returns (%) 9.82 6.17 10.22 7.46

Total Values of Nifty 100^^ (Rs) 1,21,526 3,82,741 7,50,997 10,44,164

Nifty 100^^ Returns (%) 2.37 4.02 8.92 8.36

Total Value of Nifty 50 (Rs) 1,21,038 3,75,662 7,28,382 10,10,765

Nifty 50 Returns (%) 1.61 2.79 7.69 7.38

Baroda Pioneer Banking andFinancial Services Fund

1 Year 3 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 5,50,000

Total Value as on Dec 31, 2016 (Rs) 1,23,883 3,97,641 6,84,493

Returns (%) 6.07 6.57 9.51

Total Values of Nifty Bank Index (Rs) 1,25,283 4,03,510 7,14,623

Nifty Bank Index Returns (%) 8.28 7.56 11.41

Total Value of Nifty 50 (Rs) 1,21,038 3,75,662 6,47,746

Nifty 50 Returns (%) 1.61 2.79 7.09

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



Returns (%) 1.98 5.56 9.64 8.88 8.23 9.01

Total Values of CRISIL BalancedFund Index (Rs)

1,23,695 3,94,781 7,51,141 11,36,062 18,77,727 32,06,740

CRISIL Balanced Fund – Aggressive Index Returns (%)

5.77 6.09 8.92 8.49 8.67 9.86


Nifty 50 Returns (%) 1.61 2.79 7.69 7.37 7.91 10.35

Baroda Pioneer Monthly Income Plan (MIP) Fund*

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



Returns (%) 9.85 8.81 9.36 8.71 7.50 6.91

Total Values of CRISIL MIP Blended Index (Rs)

1,27,294 4,21,183 7,76,456 11,81,478 19,09,398 26,06,143

CRISIL MIP Blended Index Returns 11.50 10.48 10.26 9.59 8.99 8.76

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

1,30,020 4,34,373 7,75,590 11,58,920 18,15,850 24,17,396

CRISIL 10 Year Gilt Index Returns (%) 15.90 12.60 10.21 9.05 8.03 7.63

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

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

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

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

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

28th February, 2017


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

Baroda Pioneer Growth Fund - Plan A - Dividend24-Jun-16 33.72 2.80

24-Jul-15 39.49 3.50

17-Feb-14 24.67 2.50

Baroda Pioneer Growth Fund - Plan B - Direct - Dividend24-Jun-16 33.05 2.80

24-Jul-15 38.61 3.50

17-Feb-14 25.02 2.50

Baroda Pioneer ELSS 96 - Plan A - Dividend23-Mar-16 28.50 2.50

23-Feb-15 32.32 2.25

14-Mar-14 22.73 2.00

Baroda Pioneer ELSS 96 - Plan B - Direct - Dividend23-Feb-15 33.19 2.25

14-Mar-14 23.15 2.00

01-Feb-13 23.06 1.50

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

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

Baroda Pioneer Banking and Financial Services Fund - Plan A - Dividend09-Sep-14 13.29 1.00

Baroda Pioneer Banking and Financial Services Fund - Plan B - Direct - Dividend09-Sep-14 13.46 1.00

Baroda Pioneer Balance Fund - Plan A - Dividend30-Dec-16 16.58 0.50

30-Sep-16 18.18 0.50

24-Jun-16 17.19 0.50

Baroda Pioneer Balance Fund - Plan B - Direct - Dividend30-Dec-16 17.69 0.50

30-Sep-16 19.29 0.50

24-Jun-16 18.15 0.50

Baroda Pioneer MIP Fund - Plan A - Monthly Dividend*23-Feb-17 13.37 0.05

27-Jan-17 13.62 0.05

25-Nov-16 13.81 0.04

Baroda Pioneer MIP Fund - Plan B - Direct - Monthly Dividend*23-Feb-17 13.62 0.05

27-Jan-17 13.86 0.05

25-Nov-16 14.03 0.04

Baroda Pioneer MIP Fund - Plan A - Quarterly Dividend*30-Sep-16 13.34 0.14

24-Jun-16 12.97 0.14

23-Mar-16 12.83 0.14

Baroda Pioneer MIP Fund - Plan B - Direct - Quarterly Dividend*30-Sep-16 13.57 0.14

24-Jun-16 13.17 0.14

23-Mar-16 13.00 0.14

Baroda Pioneer Credit Opportunities Fund - - Plan A - Quarterly Dividend30-Sep-16 10.8077 0.15

24-Jun-16 10.6109 0.15

23-Mar-16 10.5417 0.15

Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Quarterly Dividend30-Sep-16 11.0326 0.15

24-Jun-16 10.7891 0.15

23-Mar-16 10.6887 0.15

Baroda Pioneer Credit Opportunities Fund - - Plan A - Monthly Dividend23-Feb-17 10.7885 0.05

27-Jan-17 10.8263 0.05

30-Dec-16 10.8360 0.05

Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Monthly Dividend23-Feb-17 11.1045 0.05

27-Jan-17 11.1294 0.05

30-Dec-16 11.1239 0.05

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

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

23-Mar-16 12.5843 0.51

25-Jun-13 10.0000 0.30

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

23-Mar-16 13.0024 0.51

25-Jun-13 10.0000 0.31

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

23-Mar-16 20.31 0.87

21-Mar-14 16.42 1.95

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

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

06-Jan-04 1004.32 95.00

13-May-02 1002.43 7.50

Baroda Pioneer Short Term Bond Fund - Plan A - Monthly Dividend23-Feb-17 10.06 0.04

27-Jan-17 10.05 0.05

21-Nov-16 10.10 0.02

Baroda Pioneer Short Term Bond Fund - Plan B - Direct - Monthly Dividend23-Feb-17 10.04 0.05

27-Jan-17 10.03 0.06

21-Nov-16 10.09 0.03

Baroda Pioneer Treasury Advantage Fund Reg - Monthly Dividend23-Feb-17 1003.83 4.02

27-Jan-17 1003.61 4.95

25-Nov-16 1011.70 4.71

Baroda Pioneer Treasury Advantage Fund - Plan A - Monthly Dividend23-Feb-17 1003.83 4.02

27-Jan-17 1003.61 4.95

25-Nov-16 1011.71 4.72

Baroda Pioneer Treasury Advantage Fund - Plan B - Direct - Monthly Dividend23-Feb-17 1003.85 4.18

27-Jan-17 1003.63 5.18

25-Nov-16 1012.12 4.98

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

21-Mar-14 1011.22 7.79

24-Jun-16 1036.72 14.45

Baroda Pioneer Treasury Advantage Fund - Plan A - Quarterly Dividend30-Sep-16 1041.77 14.45

24-Jun-16 1035.24 14.45

23-Mar-16 1029.62 14.45

Baroda Pioneer Treasury Advantage Fund - Plan B - Direct - Quarterly Dividend30-Sep-16 1044.62 14.45

24-Jun-16 1036.72 14.45

23-Mar-16 1029.80 14.45

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

23-Mar-16 23.14 1.01

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

23-Mar-16 23.15 1.01

Dividend History

24

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

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

28th February, 2017

BARODA PIONEER MUTUAL FUND25

karvy Computershare Private LimitedAddress and Contact detailsMFS Branches

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

28th February, 2017


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

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28th February, 2017


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

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

while saving taxes · 2017. 3. 7. · in the february bi-monthly monetary policy, rbi kept the repo...

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