Factsheet - Welcome to Baroda Pioneer Mutual · PDF fileThe food inflation ... CIO Letter 2...

31st December, 2015

BARODA PIONEER MUTUAL FUND

Dear Investors,

Warm Greetings!

Stock markets declined by 1% during the month. Fed rate hike, and continued logjam in parliament weighed on markets. Key positive though was strong IIP number during the month. FII flows continue to be negative with net outflow of USD138mn during the month. YTD flows stood at USD1.08bn vs USD16.16bn previous year.

A key surprise during the month was the strong IIP figures for the month of Oct 2015. IIP increased by 9.8 percent versus 3.6 percent achieved during Oct 2014. The growth in index of industrial production (IIP) was possibly driven by the pre-Diwali sale as reflected by the 42% growth in Consumer Durables. Diwali fell in November this year vs October last year leading to spurt in manufacturing activity during the month of October this year. Growth in consumer durables was 8.4% during October, 2014. The manufacturing sector, a key indicator of economic activity, grew 10.6 per cent year-on-year in October against 2.6 % achieved during

the year 2014. However, the drop in power generation from 11% previous year to 9% is a concern.

Consumer price inflation increased during the month of November 2015 led by higher prices and waning of favorable base effect. The CPI inflation rose to 5.41 percent in November 2015, from 5 percent in the preceding month. The food inflation rose to 6.07 percent from 5.25 percent, vegetables rose by 4 percent compared with 2 percent and that of the pulses zoomed by 46 percent compared with 42.8 percent.

RBI was dovish in its policy as it is maintaining its “accommodative” policy stance. RBI will likely focus on commodity prices, external environment, effect of Pay Commission implementation, fiscal consolidation path and transmission of policy rates. RBI clarified that increase in housing due to 7th Pay commission implementations will be looked through. We expect CPI to undershoot RBI’s target of 5.8% in January 16 due to lower crude and commodity prices and better management of food supply by the government leading to lower food inflation. RBI believes that the effect of pay commission would be nullified by budgetary tightening, as the government will stick to the fiscal consolidation path. To achieve the inflation target of 5% in January 17 may be difficult with implementation of pay commission, which may drive inflation. The future action is mainly dependent on the government sticking to its fiscal consolidation path and contained CPI inflation. There is a chance of a rate cut after the budget if government sticks to the fiscal deficit target of 3.5% in FY17 and CPI inflation contained within RBI’s target. Therefore, bond market to trade on positive bias and key trigger for the rally may be lower CPI print and Fiscal consolidation measures. The key risk to inflation remains on due to spike in crude and commodity prices, increase in food inflation due to lower food grain production and US rate hike.

The winter parliament session, which concluded on December 23rd 2015, was a total washout. The disruptions in both houses was caused due to issues like summons by a Delhi court to Congress leaders in the National Heralds case and demand for resignation of Finance Minister in connection with alleged irregularities in DDCA. Consequently, GST bill is yet to be passed.

Stock markets have corrected, which gives a good opportunity for long-term investors. With expectations of improving growth and the economy likely to benefit from falling crude prices, India should continue to attract global investors. We continue to be constructive on equities with valuations being just a shade below long-term averages.

Happy Investing in 2016!

Sanjay Chawla

Chief Investment Officer

Source : Economic Times

CIO Letter

2

Mr. Sanjay ChawlaChief Investment Officer

31st December, 2015


INDEX

Title

How To Read Factsheet Pg 4

Baroda Pioneer Growth Fund Pg 5

Baroda Pioneer ELSS’ 96 Pg 6

Baroda Pioneer PSU Equity Fund Pg 7

Baroda Pioneer Infrastructure 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 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 Public Sector Undertaking (PSU) Bond Fund Pg 17

Baroda Pioneer Treasury Advantage Fund Pg 18

Baroda Pioneer Liquid Fund Pg 19

Investment Performance Pg 20

SIP Returns Pg 24

Dividend History Pg 25

3

31st December, 2015


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

How To Read Factsheet?

4

31st December, 2015


Baroda Pioneer Growth Fund

PORTFOLIO

Name of Instruments Ratings / Industry

% to Net Assets

EQUITY & EQUITY RELATED

Listed / awaiting listing on the stock exchanges

Infosys Limited Software 6.70%

HDFC Bank Limited Banks 5.50%

Reliance Industries Limited Petroleum Products

5.16%

IndusInd Bank Limited Banks 4.17%

Maruti Suzuki India Limited Auto 3.61%

Tata Consultancy Services Limited

Software 3.34%

Axis Bank Limited Banks 3.16%

Yes Bank Limited Banks 2.84%

Tech Mahindra Limited Software 2.65%

Hindustan Petroleum Corporation Limited

Petroleum Products

2.62%

State Bank of India Banks 2.50%

Zee Entertainment Enterprises Limited

Media & Entertainment

2.39%

Pidilite Industries Limited Chemicals 2.38%

Britannia Industries Limited Consumer Non Durables

2.32%

Tata Motors Limited Auto 2.30%

Cipla Limited Pharmaceuticals 2.29%

Larsen & Toubro Limited Construction Project

2.24%

Divi's Laboratories Limited Pharmaceuticals 2.12%

United Spirits Limited Consumer Non Durables

1.99%

Eicher Motors Limited Auto 1.98%

Alstom T&D India Limited Industrial Capital Goods

1.92%

ICICI Bank Limited Banks 1.84%

Multi Commodity Exchange of India Limited

Finance 1.81%

UltraTech Cement Limited Cement 1.74%

FAG Bearings India Limited Industrial Products

1.72%

Marico Limited Consumer Non Durables

1.72%

Cadila Healthcare Limited Pharmaceuticals 1.60%

Asian Paints Limited Consumer Non Durables

1.55%

Mahindra & Mahindra Limited

Auto 1.49%

Cummins India Limited Industrial Products

1.45%

Glenmark Pharmaceuticals Limited

Pharmaceuticals 1.44%

Housing Development Finance CorporationLimited

Finance 1.31%

Coal India Limited Minerals/Mining 1.29%

Bharti Airtel Limited Telecom - Services

1.20%

Hindustan Unilever Limited Consumer Non Durables

1.18%

HCL Technologies Limited Software 1.17%

ITC Limited Consumer Non Durables

1.15%

Crompton Greaves Limited Industrial Capital Goods

1.13%

Kotak Mahindra Bank Limited

Banks 1.13%

PORTFOLIO


% to Net Assets

Hindalco Industries Limited Non - Ferrous Metals

0.99%

Dr. Reddy's Laboratories Limited


Tata Steel Limited Ferrous Metals 0.91%

Bank of Baroda Banks 0.86%

LIC Housing FinanceLimited

Finance 0.70%

Nestle India Limited Consumer Non Durables

0.68%

Jubilant Foodworks Limited Consumer Non Durables

0.52%

Century Textiles & Industries Limited

Cement 0.51%

Housing Development Finance Corporation Limited

Finance 0.49%

The Federal Bank Limited Banks 0.39%

Bajaj Finance Limited Finance 0.35%

S H Kelkar and Company Limited

Consumer Non Durables

0.20%

Alkem Laboratories Limited Pharmaceuticals 0.09%

Dr. Lal PathLabs Limited Healthcare Services

0.08%

Total 97.84%

PREFERENCE SHARES


Zee Entertainment Enterprises Limited - Preference shares


0.09%

Total 0.09%

CBLO / Reverse Repo Investments 2.47%

Total 2.47%

Cash & Cash Equivalents

Net Receivable/Payable -0.40%

Total -0.40%

Grand Total 100.00%

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

TOP SECTORS

22.39%

13.86%

11.31%

9.38%

8.51%

7.78%

4.66%

3.17%

3.05%

2.48%

2.38%

2.25%

2.24%

2.07%

1.29%

1.20%

0.99%

0.91%

0.08%

Banks

Software


Auto

Pharmaceuticals

Petroleum Products

Finance

Industrial Products

Industrial Capital Goods


Chemicals

Cement

Construction Project

Cash & Equivalent

Minerals/Mining

Telecom - Services

Non - Ferrous Metals

Ferrous Metals

Healthcare Services

Investors understand that their principal will be at Moderately High risk

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

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

INVESTMENT OBJECTIVE

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

FUND DETAILS

Type of Scheme An Open Ended Growth Scheme

Date of Allotment September 12, 2003

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

Benchmark Nifty 100*

Monthly Average AUM (`)

251.67 Crs

Month end AUM (`) 255.68 Crs

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

Entry Load NilExit 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

Plan A and Plan B (Direct)

The Scheme(s) offer:A. Growth Option (default option in case no option specified by investor);B. Dividend Option C. Bonus Option$

SIP (Minimum) ` 1000/month - 6 Installments` 1500/quarter - 4 Installments

RISk PROFILE 31 DECEMBER 2015Standard deviation 15.70Sharpe@ 0.46Beta 0.97Portfolio Turnover (last 12 months) 1.39

NAV AS ON 31 DECEMBER 2015NAV (Per Unit) `Plan AGrowth 74.8800Dividend 33.5400Plan B - DirectGrowth 76.9400Dividend 32.8100

TOTAL EXPENSE RATIOPlan A 3.08%Plan B (Direct) 2.46%

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option# 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 23@risk free rate (FBIL Overnight MIBOR) 7.03& Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

An Open Ended Growth Scheme

5

31st December, 2015


PORTFOLIO


% to Net Assets




Reliance IndustriesLimited

Petroleum Products

5.58%

Maruti Suzuki India Limited

Auto 3.86%





FAG Bearings IndiaLimited

Industrial Products 2.90%


Tata ConsultancyServices Limited

Software 2.68%

United Spirits Limited Consumer Non Durables

2.63%

GlenmarkPharmaceuticals Limited




2.40%




Tata Motors Limited Auto 2.15%

Cipla Limited Pharmaceuticals 2.14%


Finance 2.10%

Kansai Nerolac Paints Limited


2.09%

Multi Commodity Exchange of IndiaLimited

Finance 2.04%

Marico Limited Consumer Non Durables

1.99%

Britannia Industries Limited


1.96%


Petroleum Products

1.84%



The Ramco Cements Limited

Cement 1.71%


1.68%

Cummins India Limited Industrial Products 1.59%

Mahindra & Mahindra Limited

Auto 1.40%

Gujarat Gas Limited Gas 1.37%

Alstom T&D IndiaLimited


1.29%

UltraTech CementLimited

Cement 1.22%

Kotak Mahindra Bank Limited

Banks 1.19%

Cadila HealthcareLimited



ITC Limited Consumer Non Durables

1.08%

Nestle India Limited Consumer Non Durables

1.03%

PORTFOLIO


% to Net Assets

Divi's LaboratoriesLimited


WABCO India Limited Auto Ancillaries 1.00%

Dr. Reddy's Laboratories Limited


Can Fin Homes Limited Finance 0.95%

HCL TechnologiesLimited

Software 0.94%


Max India Limited Finance 0.89%


Cyient Limited Software 0.82%

DCB Bank Limited Banks 0.72%


Jubilant Foodworks Limited


0.49%

S H Kelkar andCompany Limited


0.17%

Alkem Laboratories Limited


Dr. Lal PathLabs Limited Healthcare Services 0.07%

Total 98.99%

PREFERENCE SHARES


Zee Entertainment Enterprises Limited - Preference shares


0.02%

Total 0.02%


Total 1.28%



Total -0.29%

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

TOP SECTORS

20.22%

15.17%

11.44%

9.63%

8.23%

7.78%

7.42%

4.49%

2.93%

2.42%

1.82%

1.68%

1.37%

1.29%

1.14%

1.00%

0.99%

0.91%

0.07%

Banks

Software


Auto

Finance

Pharmaceuticals

Petroleum Products

Industrial Products

Cement


Chemicals


Gas


Ferrous Metals

Auto Ancillaries

Cash & Equivalent

Minerals/Mining

Healthcare Services

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 SENSEXMonthly Average AUM (`)

44.48 Crs

Month end AUM (`) 45.46 Crs Minimum Investment ` 500/- & in multiples of ` 1/-

thereafterEntry Load NilExit Load NilPlans

Option


The Scheme(s) offer:A. Growth Option (default option in case no option specified by investor);B. Dividend Option C. Bonus Option$



NAV AS ON 31 DECEMBER 2015NAV (Per Unit) `Plan ADividend 29.9000Bonus 34.8000Growth 34.8000Plan B - DirectDividend 31.0300Bonus 36.3000Growth 36.3000


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option# 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) 7.03& Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

An Open Ended Tax Benefit - Cum - Growth Scheme

6

31st December, 2015


Baroda Pioneer PSU Equity Fund

Investors understand that their principal will be at High risk

This product is suitable for investors who are seeking*• Growth in capital along with the liquidity over long

term• Investment predominantly in equity stocks of domestic

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


The primary investment objective of the Scheme is to provide investors with opportunities for long term growth in capital along with the liquidity of an open ended scheme through an active management of investments in a diversified basket of equity stocks of domestic Public Sector Undertakings.

FUND DETAILS

Type of Scheme An Open Ended Equity Scheme

Date of Allotment October 4, 2010

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

Benchmark S&P BSE PSU Index

Monthly Average AUM (`) 30.09 Crs



Entry Load Nil

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


The Scheme(s) offer: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$


RISk PROFILE 31 DECEMBER 2015Standard deviation 20.70Sharpe@ -0.30Beta 1.10Portfolio Turnover (last 12 months) 1.54



PORTFOLIO


% to Net

Assets




Coal India Limited Minerals/Mining

9.76%

Indian Oil Corporation Limited Petroleum Products

9.16%

Gujarat State Petronet Limited Gas 7.20%

Hindustan PetroleumCorporation Limited

Petroleum Products

6.87%

BEML Limited Industrial Capital Goods

5.06%

Bharat Petroleum Corporation Limited

Petroleum Products

4.40%


Oil & Natural Gas Corporation Limited

Oil 3.97%

Engineers India Limited Construction Project

3.97%

Bharat Heavy Electricals Limited Industrial Capital Goods

3.89%

Mangalore Refinery and Petrochemicals Limited

Petroleum Products

3.57%

Bharat Electronics Limited Industrial Capital Goods

3.16%


Neyveli Lignite Corporation Limited

Power 2.96%

Rural Electrification Corporation Limited

Finance 2.61%

Container Corporation of India Limited

Transportation 2.59%

Steel Authority of India Limited Ferrous Metals 1.99%

Gujarat State Fertilizers & Chemicals Limited

Fertilisers 1.46%

Oil India Limited Oil 1.26%

National Aluminium Company Limited


0.66%

Indian Bank Banks 0.57%

Total 95.23%

BONDS & NCDs


NTPC Limited CRISIL AAA 0.42%

Total 0.42%


Total 4.88%



Total -0.53%


TOP SECTORS

24.00%

17.61%

12.11%

10.28%

9.76%

5.23%

4.35%

3.97%

2.96%

2.61%

2.59%

1.99%

1.46%

0.66%

0.42%

Petroleum Products

Banks


Gas

Minerals/Mining

Oil

Cash & Equivalent


Power

Finance

Transportation

Ferrous Metals

Fertilisers


CRISIL AAA

An Open Ended Equity Scheme

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option# 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) 7.03

7

31st December, 2015


Baroda Pioneer Infrastructure 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 infrastructure and infrastructure related sectors.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The primary investment objective of the Scheme will be to generate long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in infrastructure and infrastructure related sectors.

FUND DETAILS

Type of Scheme An Open Ended Equity SchemeDate of Allotment June 22, 2010Fund Manager# Mr. Dipak Acharya

(Experience 12 yrs)

Benchmark Nifty Infra*Monthly Average AUM (`) 18.62 CrsMonth end AUM (`) 18.89 Crs Minimum Investment ` 5,000/- & in multiples of ` 1/-

thereafterEntry Load NilExit 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



Reliance Industries Limited Petroleum Products

6.41%

Solar Industries IndiaLimited

Chemicals 5.57%

Bharti Airtel Limited Telecom - Services 5.38%


5.04%

FAG Bearings India Limited Industrial Products 4.64%

BEML Limited Industrial Capital Goods

4.05%


Adani Ports and Special Economic Zone Limited


Alstom T&D India Limited Industrial Capital Goods

3.74%

Sadbhav Engineering Limited


3.60%


Petroleum Products

3.30%

The Ramco CementsLimited

Cement 3.07%

UltraTech Cement Limited Cement 2.93%

Castrol India Limited Petroleum Products

2.91%

Ingersoll Rand (India)Limited

Industrial Products 2.84%

PNC Infratech Limited Construction 2.82%

Cummins India Limited Industrial Products 2.71%

PTC India Limited Power 2.64%

NCC Limited Construction Project

2.40%

Kalpataru Power Transmission Limited

Power 2.36%

Crompton Greaves Limited Industrial Capital Goods

2.03%

Bharat Electronics Limited Industrial Capital Goods

1.81%

Bharat Heavy Electricals Limited


1.78%


JK Lakshmi Cement Limited Cement 1.72%


Idea Cellular Limited Telecom - Services 1.51%

The Great Eastern Shipping Company Limited


Honeywell AutomationIndia Limited


1.44%

Indraprastha Gas Limited Gas 1.39%


Housing Development Finance CorporationLimited

Finance 1.26%

PORTFOLIO


% to Net Assets

Tata Communications Limited

Telecom - Services 1.15%

Hindalco Industries Limited Non - Ferrous Metals

1.12%

Sundaram Finance Limited Finance 1.09%

Ambuja Cements Limited Cement 0.96%

Century Textiles &Industries Limited

Cement 0.94%


Total 99.21%

BONDS & NCDs


NTPC Limited CRISIL AAA 0.30%

Total 0.30%


Total 1.12%



Total -0.63%


TOP SECTORS

14.85%

12.62%

11.04%

10.19%

9.62%

8.04%

7.94%

5.57%

5.23%

5.00%

2.82%

2.06%

1.74%

1.37%

1.12%

0.49%

0.30%


Petroleum Products


Industrial Products

Cement

Telecom - Services

Finance

Chemicals

Transportation

Power

Construction

Gas

Minerals/Mining

Ferrous Metals


Cash & Equivalent

CRISIL AAA

An Open Ended Equity Scheme

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option# 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 23@risk free rate (FBIL Overnight MIBOR) 7.03

8

31st December, 2015


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 SchemeDate of Allotment June 22, 2012Fund Manager# Mr. Dipak Acharya

(Experience 12 yrs)

Benchmark Nifty Bank Index*Monthly Average AUM (`) 46.03 CrsMonth end AUM (`) 46.36 Crs Minimum Investment ` 5,000/- & in multiples of ` 1/-

thereafter

Entry Load NilExit Load Exit Load - 1.00% if redeemed on

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

Plans

Option




RISk PROFILE 31 DECEMBER 2015Standard deviation 24.01Sharpe@ -0.01Beta 0.96Portfolio Turnover (last 12 months) 1.00

NAV AS ON 31 DECEMBER 2015NAV (Per Unit) `Plan AGrowth 14.4800Dividend 13.4700Bonus 14.4800Plan B - DirectGrowth 14.8700Dividend 13.8400Bonus NA


PORTFOLIO


% to Net Assets







Kotak Mahindra BankLimited

Banks 10.48%



DCB Bank Limited Banks 3.35%




LIC Housing Finance Limited Finance 1.65%

Sundaram Finance Limited Finance 1.63%


Finance 1.03%

IIFL Holdings Limited Finance 1.01%

Multi Commodity Exchange of India Limited

Finance 1.00%

ICRA Limited Finance 0.89%

Total 96.79%


Total 3.75%



Total -0.54%


TOP SECTORS

86.99%

9.80%

3.21%

Banks

Finance

Cash & Equivalent

An Open Ended Sectoral Scheme

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option# 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 23@risk free rate (FBIL Overnight MIBOR) 7.03

9

31st December, 2015


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 Balance Fund Index




Entry Load NilExit 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



SIP (Minimum) ` 1000/month - 6 months` 1500/quarter - 4 quarters


NAV AS ON 31 DECEMBER 2015NAV (Per Unit) `Plan AGrowth 42.4300Dividend 17.8600Bonus 42.4300Plan B - DirectGrowth 43.7300Dividend 18.7100


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option# 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) 7.03 & Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015**Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.

PORTFOLIO


% to Net


Listed / awaiting listing on the stock exchangesHDFC Bank Limited Banks 4.19%Infosys Limited Software 4.00%Reliance Industries Limited Petroleum Products 3.01%Tata Motors Limited Auto 2.53%Hindustan Petroleum Corporation Limited Petroleum Products 2.43%

IndusInd Bank Limited Banks 2.38%Axis Bank Limited Banks 2.32%

United Spirits Limited Consumer Non Durables 2.32%

Maruti Suzuki India Limited Auto 2.03%State Bank of India Banks 1.90%

Tata Consultancy Services Limited Software 1.89%

Yes Bank Limited Banks 1.87%Zee Entertainment Enterprises Limited

Media & Entertainment 1.69%

Mahindra & Mahindra Limited Auto 1.64%

Cipla Limited Pharmaceuticals 1.64%Coal India Limited Minerals/Mining 1.45%Glenmark Pharmaceuticals Limited Pharmaceuticals 1.37%Tech Mahindra Limited Software 1.35%

Kotak Mahindra Bank Limited Banks 1.30%

Dr. Reddy's Laboratories Limited Pharmaceuticals 1.20%Cummins India Limited Industrial Products 1.20%

Cadila Healthcare Limited Pharmaceuticals 1.18%

Dish TV India Limited Media & Entertainment 1.18%


Aurobindo Pharma Limited Pharmaceuticals 1.13%

Indian Oil Corporation Limited Petroleum Products 1.11%

Hindalco Industries Limited Non - Ferrous Metals 1.09%


Crompton Greaves Limited Industrial Capital Goods 0.99%


Bajaj Corp Limited Consumer Non Durables 0.88%

Asian Paints Limited Consumer Non Durables 0.86%

ITC Limited Consumer Non Durables 0.85%

Larsen & Toubro Limited Construction Project 0.82%

Housing Development Finance Corporation Limited Finance 0.82%

Century Textiles & IndustriesLimited Cement 0.77%

Jubilant Foodworks Limited Consumer Non Durables 0.77%

Britannia Industries Limited Consumer Non Durables 0.77%

Berger Paints (I) Limited Consumer Non Durables 0.76%

Multi Commodity Exchange ofIndia Limited Finance 0.72%

FAG Bearings India Limited Industrial Products 0.71%

Grasim Industries Limited Cement 0.69%DCB Bank Limited Banks 0.66%

LIC Housing Finance Limited Finance 0.66%


The Ramco Cements Limited Cement 0.64%

Sadbhav Engineering Limited Construction Project 0.62%

Vedanta Limited Non - Ferrous Metals 0.58%

Castrol India Limited Petroleum Products 0.57%

Godrej Consumer Products Limited Consumer Non Durables 0.56%

Aditya Birla Nuvo Limited Services 0.56%

HCL Technologies Limited Software 0.55%

Alembic Pharmaceuticals Limited Pharmaceuticals 0.54%

D.B.Corp Limited Media & Entertainment 0.53%

Alstom India Limited Industrial Capital Goods 0.49%

City Union Bank Limited Banks 0.48%Tata Steel Limited Ferrous Metals 0.42%

Alstom T&D India Limited Industrial Capital Goods 0.36%

Nestle India Limited Consumer Non Durables 0.30%

PNC Infratech Limited Construction 0.24%

Karur Vysya Bank Limited Banks 0.22%

PORTFOLIO


% to Net

Whirlpool of India Limited Consumer Durables 0.18%Jk Lakshmi Cement Limited Cement 0.16%Dr. Lal PathLabs Limited Healthcare Services 0.08%

Total 72.91%

MONEY MARkET INSTRUMENTCertificate of Deposit**Canara Bank CRISIL A1+ 2.81%Canara Bank CRISIL A1+ 1.78%Total 4.59%Commercial Paper**Housing Development Finance Corporation Limited CRISIL A1+ 3.18%

Small Industries Development Bank of India CRISIL A1+ 2.80%

Total 5.98%CENTRAL GOVERNMENT SECURITIES8.40% CGL 2024 SOV 0.41%8.24% CGL 2027 SOV 0.17%8.83% CGL 2023 SOV 0.07%8.60% CGL 2028 SOV 0.01%8.28% CGL 2027 SOV 0.01%Total 0.67%BONDS & NCDsListed / awaiting listing on the stock exchangesPiramal Enterprises Limited ICRA AA 2.44%Muthoot Fincorp Limited CRISIL A 1.61%Capital First Limited CARE AA+ 1.29%Rural Electrification Corporation Limited CRISIL AAA 1.29%

Piramal Enterprises Limited ICRA AA 1.29%IDFC Limited CRISIL AAA 0.64%Piramal Enterprises Limited ICRA AA 0.64%Nabha Power Limited CRISIL AAA 0.35%

Vedanta Limited CRISIL AA 0.13%India Infoline Housing Finance Limited CRISIL AA 0.08%Power Grid Corporation of India Limited CRISIL AAA 0.08%

JSW Steel Limited CARE AA 0.04%India Infoline Housing Finance Limited ICRA AA 0.03%

Total 9.91%


Total 6.80%



Total -0.86%

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.

TOP SECTORS

16.33%10.57%

8.07%7.95%7.79%

7.12%6.20%5.94%

4.40%3.40%

2.86%2.36%2.26%1.91%1.84%1.67%1.61%1.45%1.44%1.29%1.14%

0.67%0.56%0.42%0.24%0.21%0.18%0.08%0.04%

BanksCRISIL A1+

Consumer Non DurablesPharmaceuticals

SoftwarePetroleum Products

AutoCash & Equivalent

ICRA AAMedia & Entertainment

FinanceCRISIL AAA

CementIndustrial Products

Industrial Capital GoodsNon - Ferrous Metals

CRISIL AMinerals/Mining

Construction ProjectCARE AA+Chemicals

SOVServices

Ferrous MetalsConstruction

CRISIL AAConsumer DurablesHealthcare Services

CARE AA

An Open Ended Balanced Scheme

10

31st December, 2015


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



Minimum Investment ` 5,000/- & in multiples of ` 1.000/- thereafter

Entry Load Nil

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 AS ON 31 DECEMBER 2015NAV (Per Unit) `Plan AGrowth 19.0278Dividend - Monthly 13.1619Dividend - Quarterly 12.9475Plan B - DirectGrowth 19.5096Dividend - Quarterly 13.0815Dividend - Monthly 13.2673

PORTFOLIO CHARACTERISTIC

Average Maturity (Days) 1094.29Modified Duration (Years) 1.99Portfolio Yield (%) 7.71


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option# 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.**Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.

PORTFOLIO


% to Net Assets

EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchanges



FAG Bearings India LimitedIndustrial Products

0.82%

Kotak Mahindra Bank Limited Banks 0.81%


Maruti Suzuki India Limited Auto 0.69%


United Spirits LimitedConsumer Non Durables

0.67%

Arvind Limited Textile Products 0.67%

Solar Industries India Limited Chemicals 0.66%





0.57%

Dish TV India LimitedMedia & Entertainment

0.57%Glenmark Pharmaceuticals Limited


Marico LimitedConsumer Non Durables

0.51%

Kansai Nerolac Paints LimitedConsumer Non Durables

0.51%

Cipla Limited Pharmaceuticals 0.49%Hindustan Petroleum Corporation Limited

Petroleum Products

0.47%


Ramkrishna Forgings LimitedIndustrial Products

0.39%


IndusInd Bank Limited Banks 0.36%Multi Commodity Exchange of India Limited

Finance 0.35%

Honeywell Automation India Limited


0.34%

ICRA Limited Finance 0.33%

Indraprastha Gas Limited Gas 0.30%


Alstom India LimitedIndustrial Capital Goods

0.26%

Nestle India LimitedConsumer Non Durables

0.22%


DCB Bank Limited Banks 0.21%Kalpataru Power Transmission Limited

Power 0.19%

Alkem Laboratories Limited Pharmaceuticals 0.11%

Dr. Lal PathLabs LimitedHealthcare Services

0.09%

Total 16.88%

MONEY MARkET INSTRUMENTCertificate of Deposit**

ICICI Bank Limited CRISIL A1+ 11.05%

Axis Bank Limited CRISIL A1+ 11.05%

Canara Bank CRISIL A1+ 7.38%

Total 29.48%Commercial Paper**Small Industries Development Bank of India

CRISIL A1+ 11.03%

Total 11.03%

PORTFOLIO


% to Net Assets

CENTRAL GOVERNMENT SECURITIES

8.60% CGL 2028 SOV 11.70%

7.72% CGL 2025 SOV 3.73%

7.88% CGL 2030 SOV 3.71%

8.24% CGL 2027 SOV 1.90%

Total 21.04%BONDS & NCDsListed / awaiting listing on the stock exchangesNabha Power Limited CRISIL AAA 8.27%Rural ElectrificationCorporation Limited

CRISIL AAA 3.85%

Rural ElectrificationCorporation Limited

CRISIL AAA 3.41%

IDBI Bank Limited CRISIL AA- 1.85%

Total 17.38%CBLO / Reverse Repo Investments 3.70%Total 3.70%Cash & Cash EquivalentsNet Receivable/Payable 0.49%Total 0.49%Grand Total 100.00%All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.

RATING PROFILE

40.51%

21.04%

15.53%

4.19%

3.46%

1.91%

1.85%

1.73%

1.38%

1.34%

1.32%

1.21%

1.14%

1.07%

0.67%

0.60%

0.47%

0.30%

0.19%

0.09%

CRISIL A1+

SOV

CRISIL AAA

Cash & Equivalent

Banks


CRISIL AA-

Finance

Auto

Pharmaceuticals

Software

Industrial Products


Chemicals

Textile Products


Petroleum Products

Gas

Power

Healthcare Services

INSTRUMENTS

29.48%

21.04%17.38%

16.88%

11.03%

3.70% 0.49%Certificate of Deposit

CENTRALGOVERNMENTSECURITIES

BONDS & NCDs

EQUITY & EQUITYRELATED

Commercial Paper

CBLO / Reverse RepoInvestments

Cash & CashEquivalents

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

11

31st December, 2015


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


84.38 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

Plan A 1.83%Plan B (Direct) 0.53%

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22**Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.

PORTFOLIO


% to Net Assets

MONEY MARkET INSTRUMENT

Commercial Paper**Peninsula Land Limited ICRA A1 11.25%

Bilt Graphic Paper Products Limited IND A1+ 6.85%

Total 18.10%

CENTRAL GOVERNMENT SECURITIES8.40% CGL 2024 SOV 3.58%

Total 3.58%

BONDS & NCDsListed / awaiting listing on the stock exchanges

IIFL Realty Limited CRISIL AA- 12.02%

Edelweiss Commodities Services Limited

ICRA AA 11.58%

Aspire Home Finance Corporation Limited

CRISIL A+ 9.26%

Piramal Enterprises Limited ICRA AA 6.90%

Muthoot Fincorp Limited CRISIL A 5.78%

Vedanta Limited CRISIL AA 5.66%

JSW Steel Limited CARE AA 5.42%

Capital First Limited CARE AA+ 4.63%

India Infoline Housing Finance Limited

CRISIL AA- 4.58%




Total 74.78%

CBLO /Reverse Repo investments 1.85%

Total 1.85%


Net Receivable/Payable 1.69%

Total 1.69%

Grand Total 100.00%


RATING PROFILE

18.48%

17.86%

11.25%

9.97%

9.26%

8.92%

6.85%

5.66%

4.63%

3.58%

3.54%

ICRA AA

CRISIL AA-

ICRA A1

CRISIL A

CRISIL A+

CARE AA

IND A1+

CRISIL AA

CARE AA+

SOV

Cash & Equivalent

INSTRUMENTS

74.78%

18.10%

3.58%

1.85%1.69%

BONDS & NCDs

Commercial Paper




NAV AS ON 31 DECEMBER 2015

NAV (Per Unit) `Plan ABonus 10.9682Growth 10.9682Dividend - Quarterly 10.3235Dividend - Monthly 10.4672Plan B - DirectBonus 11.0895Growth 11.0895Dividend - Quarterly 10.4426Dividend - Monthly 10.5866

An Open Ended Debt Scheme

12

31st December, 2015


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


59.70 Crs



Entry Load Nil

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$



NAV (Per Unit) `Plan AGrowth 22.8879Dividend 19.8610Plan B - DirectGrowth 23.5956Dividend 20.4273



TOTAL EXPENSE RATIO


PORTFOLIO


% to Net Assets


7.72% CGL 2025 SOV 23.51%

8.60% CGL 2028 SOV 23.21%

7.59% CGL 2029 SOV 8.25%

7.88% CGL 2030 SOV 7.96%

8.33% CGL 2026 SOV 6.01%

8.24% CGL 2027 SOV 5.49%

9.39% SDL 2023 SOV 4.48%

8.28% CGL 2027 SOV 4.12%

8.83% CGL 2023 SOV 2.12%

Total 85.15%


Total 13.90%



Total 0.95%

Grand Total 100.00%


RATING PROFILE

85.15%

14.85%

SOV

Cash & Equivalent

INSTRUMENTS

85.15%

13.90%0.95%




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

An Open Ended Gilt Scheme

13

31st December, 2015


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


22.97 Crs



Entry Load Nil

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$



NAV (Per Unit) `Plan AGrowth 22.6758Dividend 22.6758Plan B - DirectGrowth 23.2971



TOTAL EXPENSE RATIO


PORTFOLIO


% to Net Assets


8.60% CGL 2028 SOV 38.69%

8.40% CGL 2024 SOV 16.38%

8.33% CGL 2026 SOV 6.75%

8.83% CGL 2023 SOV 3.71%

9.35% SDL 2024 SOV 3.55%

8.58% SDL 2023 SOV 3.19%

9.39% SDL 2023 SOV 2.03%

Total 74.30%

BONDS & NCDs



Vijaya Bank CRISIL AA- 8.69%

Total 19.20%


Total 4.54%



Total 1.96%

Grand Total 100.00%


RATING PROFILE

74.30%

19.20%

6.50%

SOV

CRISIL AA-

Cash & Equivalent

INSTRUMENTS

74.30%

19.20%

4.54% 1.96%


BONDS & NCDs



$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22Please note that Baroda Pioneer PSU Equity Fund will be merged with Baroda Pioneer Income Fund effective February 1, 2016. Please refer to the merger notice on our website (www.barodapioneer.in) for further details.

An Open Ended Income Scheme

14

31st December, 2015


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


Date of Allotment June 30, 2012

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





Entry Load Nil

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


PORTFOLIO


% to Net Assets


7.72% CGL 2025 SOV 33.48%

9.72% SDL 2023 SOV 12.11%

8.17% CGL 2044 SOV 11.29%

7.59% CGL 2029 SOV 10.96%

8.28% CGL 2027 SOV 5.71%

8.83% CGL 2023 SOV 3.53%

8.60% CGL 2028 SOV 0.70%

8.40% CGL 2024 SOV 0.69%

Total 78.47%

BONDS & NCDs


Vijaya Bank CRISIL AA- 6.62%



Total 14.94%


Total 4.89%



Total 1.70%

Grand Total 100.00%


RATING PROFILE

78.47%

8.84%

6.59%

6.10%

SOV

CRISIL AA-

Cash & Equivalent

CARE AA

INSTRUMENTS

78.47%

14.94%

4.89% 1.70%


BONDS & NCDs



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


15

31st December, 2015


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




Benchmark CRISIL Short Term Bond Fund Index




Entry Load Nil

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






TOTAL EXPENSE RATIO


PORTFOLIO


% to Net Assets

BONDS & NCDs


Indiabulls Housing Finance Limited

CRISIL AAA 13.85%

Piramal Enterprises Limited ICRA AA 13.82%

Vedanta Limited CRISIL AA 11.30%

Capital First Limited CARE AA+ 10.39%

Power Finance Corporation Limited

CRISIL AAA 8.66%


CRISIL AAA 7.14%



India Infoline Finance Limited ICRA AA 4.69%

Aspire Home Finance Corporation Limited

CRISIL A+ 3.48%

India Infoline Finance Limited ICRA AA 3.15%

India Infoline Housing Finance Limited

CRISIL AA- 2.41%


CRISIL AAA 2.34%


CRISIL AAA 1.40%

Power Grid Corporation of India Limited

CRISIL AAA 1.17%

Indiabulls Housing Finance Limited

CRISIL AAA 0.23%

Total 96.13%


Total 1.02%



Total 2.85%

Grand Total 100.00%


RATING PROFILE

34.79%

21.66%

11.30%

10.39%

6.99%

5.11%

3.87%

3.48%

2.41%

CRISIL AAA

ICRA AA

CRISIL AA

CARE AA+

CARE AA

CRISIL A

Cash & Equivalent

CRISIL A+

CRISIL AA-

INSTRUMENTS

96.13%

2.85% 1.02%

BONDS & NCDs




* With effect from 3rd august 2015 exit load has been changed$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

16

31st December, 2015


Baroda Pioneer Public Sector Undertaking (PSU) Bond Fund


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

exposure• Investment predominantly in Fixed Income instruments

of Public Sector Undertakings (PSUs) - banks, financialinstitutions & companies.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The investment objective is to generate stable returns with lower risk by investing in Fixed Income instruments of Public Sector Undertakings (PSUs) - banks, financial institutions & companies.

FUND DETAILS


Date of Allotment December 24, 2009






Entry Load Nil

Exit Load Nil


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



NAV (Per Unit) `Plan AGrowth 15.5943Dividend - Monthly 10.1654Dividend - Quarterly 10.4250Plan B - DirectGrowth 15.7168Dividend - Monthly 10.1663Dividend - Quarterly NA



TOTAL EXPENSE RATIO


PORTFOLIO


% to Net Assets


Certificate of Deposit**

Canara Bank CRISIL A1+ 16.53%

Total 16.53%


8.83% CGL 2023 SOV 17.65%

8.60% SDL 2023 SOV 2.29%

Total 19.94%

BONDS & NCDs


Power Finance Corporation Limited

CRISIL AAA 22.14%

Power Grid Corporation of India Limited

CRISIL AAA 17.06%


CRISIL AAA 17.02%

Total 56.22%


Total 3.97%



Total 3.34%

Grand Total 100.00%


RATING PROFILE

56.22%

19.94%

16.53%

7.31%

CRISIL AAA

SOV

CRISIL A1+

Cash & Equivalent

INSTRUMENTS

56.22%

19.94%

16.53%

3.97%3.34%

BONDS & NCDs


Certificate of Deposit



$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22**Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.Please note that Baroda Pioneer PSU Equity Fund will be merged with Baroda Pioneer Income Fund effective February 1, 2016. Please refer to the merger notice on our website (www.barodapioneer.in) for further details.


17

31st December, 2015


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

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this OptionEffective 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 23# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22**Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.

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





(Experience 12 yrs)

Benchmark CRISIL Liquid Fund Index


1841.30 Crs



Entry Load Nil

Exit Load Nil


Options

• Growth • Daily Dividend 1 .Reinvestment • Weekly Dividend 2 .Payout 3 .Reinvestment • Monthly Dividend 1 .Payout 2 .Reinvestment• Quarterly Dividend 1.Payout 2 .Reinvestment• Bonus Option$





PORTFOLIO


% to Net Assets


Certificate of Deposit**Oriental Bank of Commerce CRISIL A1+ 7.52%Andhra Bank CRISIL A1+ 7.52%Corporation Bank CRISIL A1+ 3.77%ICICI Bank Limited CRISIL A1+ 3.54%Axis Bank Limited CRISIL A1+ 3.54%Axis Bank Limited CRISIL A1+ 1.88%Canara Bank CRISIL A1+ 0.75%Canara Bank CRISIL A1+ 0.08%Total 28.60%Commercial Paper**

S.D. Corporation Private Limited CARE A1+ 3.78%

Shapoorji Pallonji & Company Private Limited ICRA A1+ 3.77%

Peninsula Land Limited ICRA A1 2.23%

L&T Finance Limited CRISIL A1+ 1.88%

Small Industries Development Bank of India CARE A1+ 1.88%

S.D. Corporation Private Limited CARE A1+ 1.83%

Housing Development Finance Corporation Limited CRISIL A1+ 1.51%

Peninsula Land Limited ICRA A1 1.11%

Total 17.99%

BONDS & NCDs


Capital First Limited CARE AA+ 5.73%Capital First Limited CARE AA+ 4.31%India Infoline Housing Finance Limited CRISIL AA- 4.15%IIFL Realty Limited CRISIL AA- 3.97%India Infoline Housing Finance Limited ICRA AA 3.95%Piramal Enterprises Limited ICRA AA 3.81%

Aspire Home Finance Corporation Limited CRISIL A+ 3.72%

Piramal Enterprises Limited ICRA AA 3.05%Muthoot Fincorp Limited CRISIL A 3.01%JSW Steel Limited CARE AA 2.86%Power Finance Corporation Limited CRISIL AAA 1.99%Power Finance Corporation Limited CRISIL AAA 1.91%Indiabulls Housing Finance Limited CARE AAA 1.91%Piramal Enterprises Limited ICRA AA 1.90%India Infoline Housing Finance Limited CRISIL AA 1.60%IIFL Realty Limited CRISIL AA- 1.59%Indiabulls Housing Finance Limited CRISIL AAA 1.45%Piramal Enterprises Limited ICRA AA 1.36%

Aspire Home Finance Corporation Limited CRISIL A+ 1.30%

Muthoot Fincorp Limited CRISIL A 0.95%India Infoline Housing Finance Limited CRISIL AA- 0.95%India Infoline Finance Limited ICRA AA 0.94%Powergrid Vizag Transmission Limited CRISIL AAA 0.77%Power Finance Corporation Limited CRISIL AAA 0.77%

Rural Electrification CorporationLimited CRISIL AAA 0.76%


Nabha Power Limited CRISIL AAA 0.55%

Power Grid Corporation of IndiaLimited CRISIL AAA 0.53%

Steel Authority of India Limited CARE AAA 0.38%IDFC Limited CRISIL AAA 0.38%

Power Grid Corporation of IndiaLimited CRISIL AAA 0.35%

Cholamandalam Investment andFinance Company Limited ICRA AA 0.25%

NHPC Limited CRISIL AAA 0.20%India Infoline Housing Finance Limited ICRA AA 0.09%


Total 62.10%CBLO / Reverse Repo Investments 0.38%Total 0.38%Cash & Cash Equivalents

PORTFOLIO


% to Net Assets

Net Receivable/Payable -9.07%Total -9.07%Grand Total 100.00%


RATING PROFILE

31.99%

15.35%

10.66%

10.32%

10.04%

7.49%

5.02%

3.96%

3.77%

3.34%

2.86%

2.29%

1.60%

-8.69%

CRISIL A1+

ICRA AA

CRISIL AA-

CRISIL AAA

CARE AA+

CARE A1+

CRISIL A+

CRISIL A

ICRA A1+

ICRA A1

CARE AA

CARE AAA

CRISIL AA

Cash & Equivalent

INSTRUMENTS

62.10%

28.60%

17.99%

0.38%-9.07%

BONDS & NCDs


Commercial Paper




NAV (Per Unit) `RegularGrowth 1666.1762Dividend - Daily 1002.7120Dividend - Weekly 1000.9930Dividend - Monthly 1002.1921Dividend - Quarterly 1131.3547Plan ABonus 1685.6535Growth 1697.9546Dividend - Daily 1027.4856Dividend - Weekly 1018.1500Dividend - Monthly 1002.4408Dividend - Quarterly

Plan B - DirectBonus 1712.3030Growth 1712.4623Dividend - Daily 1008.8997Dividend - Weekly 1001.1075Dividend - Monthly 1002.5443Dividend - Quarterly 1009.5923

1010.4445


18

31st December, 2015


[ICRA] A1+ mfs*Baroda Pioneer Liquid Fund

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this OptionEffective 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 23**Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.# 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


5648.11 Crs



Entry Load Nil

Exit Load Nil


Options • Growth• Daily Dividend 1.Reinvestment• Weekly Dividend 2.Payout 3.Reinvestment• Bonus Option$





PORTFOLIO


% to Net Assets


Certificate of Deposit**IDBI Bank Limited CRISIL A1+ 4.97%

Axis Bank Limited CRISIL A1+ 4.97%

IDBI Bank Limited CRISIL A1+ 4.97%

Oriental Bank of Commerce CRISIL A1+ 4.95%

Allahabad Bank CRISIL A1+ 4.86%

Corporation Bank CRISIL A1+ 3.73%

Corporation Bank CRISIL A1+ 3.73%

HDFC Bank Limited CRISIL A1+ 2.48%

Andhra Bank CRISIL A1+ 2.47%

Total 37.13%

Commercial Paper**IIFL Realty Limited ICRA A1+ 4.00%

Vedanta Limited CRISIL A1+ 3.74%


CRISIL A1+ 3.72%

Tata Motors Limited ICRA A1+ 2.49%

Nabha Power Limited ICRA A1+ 2.49%Aditya Birla Finance Limited ICRA A1+ 2.48%

Adani Ports and Special Economic Zone Limited

ICRA A1+ 2.48%

Piramal Enterprises Limited ICRA A1+ 2.48%

Edelweiss Housing Finance Limited CRISIL A1+ 2.48%

Power Finance Corporation Limited CRISIL A1+ 2.48%

Small Industries Development Bank of India

CARE A1+ 2.47%

IIFL Wealth Management Limited ICRA A1+ 2.23%

Vedanta Limited CRISIL A1+ 1.24%

L&T Infrastructure Finance Company Limited

CARE A1+ 1.24%

L&T Finance Limited CARE A1+ 1.24%



CRISIL A1+ 1.23%

Edelweiss Financial Services Limited CRISIL A1+ 1.23%



CRISIL A1+ 0.75%

Kotak Commodity Services Private Limited

ICRA A1+ 0.62%

Kotak Commodity Services Private Limited

ICRA A1+ 0.62%

Total 44.04%

Treasury Bill

TBILL 91 DAY 10 Mar 2016 SOV 7.20%

TBILL 91 DAY 28 Mar 2016 SOV 5.00%

Total 12.20%

Fixed Deposit

Indusind Bank Limited Unrated 5.02%

Bandhan Bank Limited Unrated 2.51%

RBL Bank Limited Unrated 1.88%




Total 12.56%

CBLO /Reverse Repo investments 0.41%

Total 0.41%



PORTFOLIO


% to Net Assets

Total -6.34%

Grand Total 100.00%


RATING PROFILE

54.00%

19.89%

12.56%

12.20%

4.95%

2.33%

-5.93%

CRISIL A1+

ICRA A1+

Unrated

SOV

CARE A1+

IND A1+

Cash & Equivalent

INSTRUMENTS

44.04%

37.13%

12.56%

12.20%

0.41%-6.34%

Commercial Paper


Fixed Deposit

Treasury Bill




NAV (Per Unit) `RegularGrowth 2522.2032Dividend 2160.9155Dividend - Daily 1006.0600Plan ABonus NAGrowth 1700.1471Dividend - Daily 1001.1191Dividend - Weekly 1000.7256Dividend - Monthly -Plan B - DirectBonus 1704.8203Growth 1704.5284Dividend - Daily 1001.1191Dividend - Weekly 1224.9957

An Open Ended Liquid Scheme

19

31st December, 2015


Investment Performance

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

Date Of Inception: 12/09/2003 Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&

Dec 2012 - Dec 2013&

Since Inception@Scheme Name & Benchmark

Nav Per Unit (`) 76.07 51.91 50.11 10.00

Baroda Pioneer Growth Fund (in %)^ -1.56 46.54 3.59 17.77

Nifty 100 (Scheme Benchmark) (in %) -2.41 33.17 6.46 15.94

Nifty 50 (Standard Benchmark) (in %)$ -4.06 31.39 6.76 15.34

` 10,000, if invested in BPGF, would have become NA NA NA `74,880

` 10,000, if invested in Nifty 100, would have become NA NA NA `61,778

` 10,000, if invested in Nifty 50, would have become NA NA NA `57,914

^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 2013 - Dec 2014&

Dec 2012 - Dec 2013&


Nav Per Unit (`) 32.72 24.08 23.91 10.00

Baroda Pioneer ELSS’ 96 Fund (in %)^ -2.67 46.87 6.93 12.78

S&P BSE Sensex (Scheme Benchmark) (in %) -5.03 29.89 8.98 10.92


`10,000, if invested in BPELSS’96F, would have become NA NA NA `1,07,808

`10,000, if invested in S&P BSE Sensex, would have become NA NA NA `77,578

`10,000, if invested in Nifty 50, would have become NA NA NA `80,649

^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.


Dec 2013 - Dec 2014&

Dec 2012 - Dec 2013&


Nav Per Unit (`) 41.36 32.02 30.02 10.00

Baroda Pioneer Balance Fund (in %)^ 2.59 29.17 6.66 12.46

CRISIL Balanced Fund Index (Scheme Benchmark) (in %) 0.48 25.34 6.05 12.54


`10,000, if invested in BPBF, would have become NA NA NA `42,430

`10,000, if invested in CRISIL Balanced Fund Index, would have become NA NA NA `42,801



Funds Managed by Mr. Dipak Acharya


Dec 2013 - Dec 2014&

Dec 2012 - Dec 2013&


Nav Per Unit (`) 16.41 10.32 11.88 10.00

Baroda Pioneer Banking and Financial Services Fund (in %)^ -11.76 59.01 -13.13 11.07

Nifty Bank Index (Scheme Benchmark) (in %) -9.68 64.57 -8.73 15.96


`10,000, if invested in BPBFSF, would have become NA NA NA `14,480

`10,000, if invested in Nifty Bank Index, would have become NA NA NA `16,858



20

31st December, 2015



Funds Managed by Mr. Dipak Acharya


Dec 2013 - Dec 2014&

Dec 2012 - Dec 2013&


Nav Per Unit (`) 11.37 7.49 7.92 10.00

Baroda Pioneer Infrastructure Fund (in %)^ -2.46 51.80 -5.43 1.89

Nifty Infrastructure (Scheme Benchmark) (in %) -8.91 22.71 -4.16 -3.50


`10,000, if invested in BPIF, would have become NA NA NA `11,090

`10,000, if invested in Nifty Infrastructurewould have become NA NA NA `8,212




Dec 2013 - Dec 2014&

Dec 2012 - Dec 2013&


Nav Per Unit (`) 8.95 6.18 7.35 10.00

Baroda Pioneer PSU Equity Fund (in %)^ -15.64 44.82 -15.92 -5.22

S&P BSE PSU (Scheme Benchmark) (in %) -17.18 39.21 -19.43 -7.96


`10,000, if invested in BPPSUEF, would have become NA NA NA `7,550

`10,000, if invested in S&P BSE PSU, would have become NA NA NA `6,473




Dec 2013 - Dec 2014&

Dec 2012 - Dec 2013&


Nav Per Unit (`) 14.53 13.34 12.41 10.00

Baroda Pioneer PSU Bond Fund (in %)^ 7.31 8.95 7.50 7.66

CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 8.63 14.31 3.79 7.92

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ 7.39 14.14 -0.68 5.92

`10,000, if invested in BPPSUBF, would have become NA NA NA `15,594

`10,000, if invested in CRISIL Composite Bond Fund Index, would have become NA NA NA `15,829

`10,000, if invested in CRISIL 10 Year Gilt Index, would have become NA NA NA `14,143



Dec 2013 - Dec 2014&

Dec 2012 - Dec 2013&


Nav Per Unit (`) 14.16 12.93 11.98 10.00

Baroda Pioneer Short Term Bond Fund (in %)^ 8.61 9.53 7.95 8.13

CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 8.66 10.47 8.27 8.43


`10,000, if invested in BPSTBF, would have become NA NA NA `15,380

`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become NA NA NA `15,612



Funds Managed by Mr. Alok Sahoo, Ms Hetal Shah

21

31st December, 2015



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


Dec 2013 - Dec 2014&

Dec 2012 - Dec 2013&


Nav Per Unit (`) 1568.95 1437.64 1316.18 1000.00

Baroda Pioneer Liquid Fund (in %)^ 8.36 9.13 9.23 7.99

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 8.23 9.21 9.03 7.54

CRISIL 1 year T-Bill (Standard Benchmark) (in%)$ 8.22 8.56 5.86 6.10

`10,000, if invested in BPLF, would have become NA NA NA `17,001

`10,000, if invested in CRISIL Liquid Fund Index, would have become NA NA NA `16,523

`10,000, if invested in CRISIL 1 year T-Bill, would have become NA NA NA `15,046



Dec 2013 - Dec 2014&

Dec 2012 - Dec 2013&


Nav Per Unit (`) 1557.30 1423.89 1303.17 1000.00

Baroda Pioneer Treasury Advantage Fund (in %)^ 9.03 9.37 9.26 8.45

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 8.23 9.21 9.03 7.60

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 8.22 8.56 5.86 6.24

`10,000, if invested in BPTAF, would have become NA NA NA `16,980

`10,000, if invested in CRISIL Liquid Fund Index, would have become NA NA NA `16,125

`10,000, if invested CRISIL 1 year T-Bill, would have become NA NA NA `14,845


Date of Inception: 30/06/2012 Dec 2014 - Dec 2015&

Dec 2013 - Dec 2014&

Dec 2012 - Dec 2013&


Nav Per Unit (`) 12.70 11.04 10.50 10.00

Baroda Pioneer Dynamic Bond Fund (in %)^ 7.29 14.98 5.20 9.22


CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 8.22 8.56 5.86 7.61

`10,000, if invested in BPDBF, would have become NA NA NA `13,623


`10,000, if invested CRISIL 1 year T-Bill, would have become NA NA NA `12,930



Dec 2013 - Dec 2014&

Dec 2012 - Dec 2013&


Nav Per Unit (`) 18.07 15.58 14.69 10.00

Baroda Pioneer Monthly Income Plan (MIP) Fund (in %)^* 5.95 15.98 6.07 5.91

CRISIL MIP Blended Index (Scheme Benchmark) (in %) 6.79 16.83 4.41 8.29


`10,000, if invested in BPMIPF, would have become NA NA NA `19,147

`10,000, if invested in CRISIL MIP Blended Index, would have become NA NA NA `24,622



Funds Managed by Ms. Hetal Shah

22

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

31st December, 2015



Funds Managed by Ms. Hetal Shah


Dec 2013 - Dec 2014&

Dec 2012 - Dec 2013&


Nav Per Unit (`) 21.49 18.68 17.94 10.00

Baroda Pioneer Gilt Fund (in %)^ 6.49 15.08 4.13 6.19

I-Sec Mi-BEX (Scheme Benchmark) (in %) 9.19 13.38 5.58 7.61

CRISIL 10 Year Gilt Index (Standard Benchmark)$ 7.39 14.14 -0.68 6.45

`10,000, if invested in BPGF, would have become NA NA NA `22,888

`10,000, if invested in I-Sec Mi-BEX, would have become NA NA NA `27,498




Dec 2013 - Dec 2014&

Dec 2012 - Dec 2013&


Nav Per Unit (`) 21.43 18.76 17.96 10.00

Baroda Pioneer Income Fund (in %)^ 5.82 14.21 4.46 6.12



`10,000, if invested in BPIF, would have become NA NA NA `22,676




Disclaimer Nifty Bank Index, Nifty 100 and Nifty Infra: Baroda Pioneer Growth Fund, Baroda Pioneer Infrastructure 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, Nifty 100 and Nifty Bank Index or particularly in the ability of the Nifty Infra, Nifty 100 and Nifty Bank

Index to track general stock market performance in India. Please read the full disclaimers in relation to the Nifty Infra, Nifty 100

and Nifty Bank Index in the Offer Document / Prospectus / Information Statement.

*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.

23

31st December, 2015


SIP Returns

24

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

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 8,40,000 14,80,000 Total Value as on Dec 31, 2015 (Rs) 1,15,447 4,47,976 8,30,148 2,64,346 36,29,206 Returns (%) -6.96 14.73 12.95 11.48 13.66 Total Values of Nifty 100 (Rs) 1,15,493 4,19,632 7,89,743 2,38,484 32,43,520 Nifty 100 Returns (%) -6.89 10.21 10.93 10.90 12.01 Total Value of Nifty 50 (Rs) 1,14,473 4,09,009 7,65,215 1,93,013 31,10,474 Nifty 50 Returns (%) -8.43 8.47 9.67 9.86 11.39

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

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 8,40,000 23,60,000 Total Value as on Dec 31, 2015 (Rs) 1,15,298 4,47,583 8,41,643 12,97,623 1,09,12,218 Returns (%) -7.18 14.67 13.50 12.21 13.79 Total Values of S&P BSE SENSEX (Rs) 1,13,974 4,03,784 7,56,851 11,80,710 94,95,766 S&P BSE SENSEX Returns (%) -9.18 7.60 9.22 9.57 12.62 Total Value of Nifty 50 (Rs) 1,14,473 4,09,009 7,65,215 11,93,013 95,04,287 Nifty 50 Returns (%) -8.43 8.47 9.67 9.86 12.63

Baroda Pioneer PSU Equity Fund 1 Year 3 Years 5 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 6,30,000 Total Value as on Dec 31, 2015 (Rs) 1,10,387 3,74,848 6,12,654 6,35,916 Returns (%) -14.51 2.64 0.82 0.35 Total Values of S&P BSE PSU (Rs) 1,09,000 3,56,513 5,70,359 5,90,606 S&P BSE PSU Returns (%) -16.54 -0.63 -1.99 -2.42 Total Value of Nifty 50 (Rs) 1,14,473 4,09,009 7,65,215 8,04,436 Nifty 50 Returns (%) -8.43 8.47 9.67 9.24

Baroda Pioneer InfrastructureFund

1 Year 3 Years 5 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 6,70,000 Total Value as on Dec 31, 2015 (Rs) 1,14,808 4,46,201 7,76,668 8,52,366 Returns (%) -7.92 14.45 10.26 8.54 Total Values of Nifty Infra (Rs) 1,07,250 3,67,949 6,20,486 6,75,798 Nifty Infra Returns (%) -19.08 1.42 1.32 0.30 Total Value of Nifty 50 (Rs) 1,14,473 4,09,009 7,65,215 8,63,700 Nifty 50 Returns (%) -8.43 8.47 9.67 9.01

Baroda Pioneer Banking andFinancial Services Fund

1 Year 3 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 4,30,000 Total Value as on Dec 31, 2015 (Rs) 1,09,181 4,17,483 5,15,733 Returns (%) -16.27 9.86 10.15 Total Values of Nifty Bank Index (Rs) 1,10,969 4,38,562 5,48,650 Nifty Bank Index Returns (%) -13.65 13.25 13.70 Total Value of Nifty 50 (Rs) 1,14,473 4,09,009 5,11,300 Nifty 50 Returns (%) -8.43 8.47 9.66

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

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 8,40,000 14,80,000 Total Value as on Dec 31, 2015 (Rs) 1,18,352 4,29,027 7,97,385 12,29,575 27,67,404 Returns (%) -2.54 11.73 11.32 10.70 9.66 Total Values of CRISIL BalancedFund Index (Rs)

1,18,184 4,12,980 7,66,458 11,82,988 28,91,441

CRISIL Balanced Fund Index Returns (%) -2.79 9.13 9.73 9.62 10.31 Total Value of Nifty 50 (Rs) 1,14,473 4,09,009 7,65,215 11,93,013 31,10,649 Nifty 50 Returns (%) -8.43 8.47 9.67 9.86 11.39

Baroda Pioneer Monthly Income Plan (MIP) Fund*

1 Year 3 Years 5 Years 7 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 8,40,000 13,60,000 Total Value as on Dec 31, 2015 (Rs)

1,22,705 4,15,493 7,54,034 11,23,874 20,00,596

Returns (%) 4.22 9.54 9.08 8.19 6.59 Total Values of CRISIL MIP Blended Index (Rs)

1,23,442 4,16,266 7,59,310 11,48,664 22,22,371

CRISIL MIP Blended Index Returns 5.38 9.67 9.36 8.80 8.34 Total Value of CRISIL 10 Year Gilt Index Returns (%) (Rs)

1,24,239 4,07,360 7,25,749 10,64,691 19,89,499

CRISIL 10 Year Gilt Index Returns (%)

6.63 8.20 7.55 6.67 6.50

* 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.

31st December, 2015


Record Date Ex-Dividend Date Dividend (Rs)Ex-Dividend NAV

(Rs)Per Unit$ (Rs)

Baroda Pioneer Growth Fund - Plan A - Dividend24-Jul-15 24-Jul-2015 35.00 39.49 3.5017-Feb-14 17-Feb-2014 25.00 24.67 2.5001-Mar-13 01-Mar-2013 10.00 26.82 1.00Baroda Pioneer Growth Fund - Plan B - Direct - Dividend24-Jul-15 24-Jul-2015 35.00 38.61 3.5017-Feb-14 17-Feb-2014 25.00 25.02 2.5001-Mar-13 01-Mar-2013 10.00 26.81 1.00Baroda Pioneer ELSS 96 - Plan A - Dividend23-Feb-15 23-Feb-2015 22.50 32.32 2.2514-Mar-14 14-Mar-2014 20.00 22.73 2.0001-Feb-13 01-Feb-2013 15.00 22.78 1.50Baroda Pioneer ELSS 96 - Plan B - Direct - Dividend23-Feb-15 23-Feb-2015 22.50 33.19 2.2514-Mar-14 14-Mar-2014 20.00 23.15 2.0001-Feb-13 01-Feb-2013 15.00 23.06 1.50Baroda Pioneer Infrastructure Fund - Plan A - Dividend09-Jan-15 09-Jan-2015 9.00 10.38 0.90Baroda Pioneer Infrastructure Fund - Plan B - Direct - Dividend09-Jan-15 09-Jan-2015 9.00 10.54 0.90Baroda Pioneer Banking and Financial Services Fund - Plan A - Dividend09-Sep-14 09-Sep-2014 10.00 13.29 1.00Baroda Pioneer Banking and Financial Services Fund - Plan B - Direct - Dividend09-Sep-14 09-Sep-2014 10.00 13.46 1.00Baroda Pioneer Balance Fund - Plan A- Dividend30-Dec-15 30-Dec-2015 15.00 19.33 1.5024-Sep-15 28-Sep-2015 19.00 21.02 1.9026-Jun-15 26-Jun-2015 40.00 21.61 4.00Baroda Pioneer Balance Fund - Plan B - Direct - Dividend30-Dec-15 30-Dec-2015 15.00 20.18 1.5024-Sep-15 28-Sep-2015 19.00 21.81 1.9026-Jun-15 26-Jun-2015 40.00 22.36 4.00Baroda Pioneer MIP Fund - Plan A - Monthly Dividend*23-Dec-2015 23-Dec-2015 0.48 13.19 0.0523-Nov-2015 24-Nov-2015 0.48 13.20 0.0521-Oct-2015 23-Oct-2015 0.48 13.29 0.05Baroda Pioneer MIP Fund - Plan B - Direct - Monthly Dividend*23-Dec-2015 23-Dec-2015 0.48 13.31 0.0521-Oct-2015 23-Oct-2015 0.48 13.38 0.0524-Sep-2015 24-Sep-2015 0.48 13.30 0.05Baroda Pioneer MIP Fund - Plan A - Quarterly Dividend*30-Dec-2015 30-Dec-2015 1.44 13.01 0.1424-Sep-2015 28-Sep-2015 1.44 12.99 0.1426-Jun-2015 26-Jun-2015 1.44 12.95 0.14Baroda Pioneer MIP Fund - Plan B - Direct - Quarterly Dividend*30-Dec-2015 30-Dec-2015 1.44 13.16 0.1424-Sep-2015 28-Sep-2015 1.44 13.10 0.1426-Jun-2015 26-Jun-2015 1.44 13.04 0.14Baroda Pioneer Credit Opportunities Fund - - Plan A - Quarterly Dividend30-Dec-2015 30-Dec-2015 1.52 10.5284 0.1524-Sep-2015 28-Sep-2015 1.52 10.4852 0.1526-Jun-2015 26-Jun-2015 1.52 10.2488 0.15Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Quarterly Dividend30-Dec-2015 30-Dec-2015 1.52 10.6471 0.1524-Sep-2015 28-Sep-2015 1.52 10.5667 0.1526-Jun-2015 26-Jun-2015 1.52 10.2955 0.15Baroda Pioneer Credit Opportunities Fund - - Plan A - Monthly Dividend23-Dec-2015 23-Dec-2015 0.51 10.5122 0.0523-Nov-2015 24-Nov-2015 0.51 10.5412 0.0521-Oct-2015 23-Oct-2015 0.51 10.5529 0.05Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Monthly Dividend23-Dec-2015 23-Dec-2015 0.51 10.6284 0.0523-Nov-2015 24-Nov-2015 0.51 10.6461 0.0521-Oct-2015 23-Oct-2015 0.51 10.6451 0.05

Record Date Ex-Dividend Date Dividend (Rs)Ex-Dividend NAV

(Rs)Per Unit$ (Rs)

Baroda Pioneer Dynamic Bond Fund - Plan A- Dividend25-Jun-13 25-Jun-2013 2.97 10.0000 0.3022-Mar-13 22-Mar-2013 2.08 10.0282 0.2126-Dec-12 26-Dec-2012 1.56 10.0351 0.16Baroda Pioneer Dynamic Bond Fund - Plan B - Direct - Dividend25-Jun-13 25-Jun-2013 3.07 10.0000 0.3122-Mar-13 22-Mar-2013 3.63 10.0286 0.36Baroda Pioneer Gilt Fund - Plan A - Dividend21-Mar-14 21-Mar-2014 19.48 16.4233 1.95Baroda Pioneer Gilt Fund - Plan B - Direct - Dividend21-Mar-14 21-Mar-2014 19.48 16.5462 1.95Baroda Pioneer Liquid Fund - Plan A - Dividend04-Mar-05 05-Mar-05 3.50 1016.27 35.0006-Jan-04 07-Jan-04 9.50 1004.32 95.0013-May-02 14-May-02 0.75 1002.43 7.50Baroda Pioneer PSU Bond Fund - Plan A- Monthly Dividend23-Dec-2015 23-Dec-2015 0.42 10.20 0.0423-Nov-2015 24-Nov-2015 0.45 10.24 0.0521-Oct-2015 23-Oct-2015 0.41 10.26 0.04Baroda Pioneer PSU Bond Fund - Plan A - Quarterly Dividend30-Dec-2015 30-Dec-2015 0.58 10.50 0.0624-Sep-2015 28-Sep-2015 0.58 10.40 0.0626-Jun-2015 26-Jun-2015 0.58 10.21 0.06Baroda Pioneer PSU Bond Fund - Plan B - Direct - Monthly Dividend23-Dec-2015 23-Dec-2015 0.43 10.21 0.0423-Nov-2015 24-Nov-2015 0.47 10.24 0.0521-Oct-2015 23-Oct-2015 0.43 10.26 0.04Baroda Pioneer Short Term Bond Fund - Plan A- Dividend20-Nov-2015 23-Nov-2015 0.21 10.05 0.0223-Oct-2015 26-Oct-2015 0.25 10.06 0.0212-Oct-2015 12-Oct-2015 0.23 10.06 0.02Baroda Pioneer Short Term Bond Fund - Plan B - Direct - Dividend06-Nov-2015 09-Nov-2015 0.26 10.05 0.0323-Oct-2015 26-Oct-2015 0.26 10.06 0.0312-Oct-2015 12-Oct-2015 0.26 10.06 0.03Baroda Pioneer Treasury Advantage Fund Reg - Monthly Dividend23-Dec-2015 23-Dec-2015 0.38 1005.57 3.8223-Nov-2015 24-Nov-2015 0.45 1007.81 4.5321-Oct-2015 23-Oct-2015 0.47 1008.92 4.72Baroda Pioneer Treasury Advantage Fund - Plan A - Monthly Dividend23-Dec-2015 23-Dec-2015 0.43 1006.32 4.3323-Nov-2015 24-Nov-2015 0.51 1008.69 5.1421-Oct-2015 23-Oct-2015 0.53 1009.72 5.27Baroda Pioneer Treasury Advantage Fund - Plan B - Direct - Monthly Dividend23-Dec-2015 23-Dec-2015 0.46 1006.67 4.5823-Nov-2015 24-Nov-2015 0.54 1009.01 5.3621-Oct-2015 23-Oct-2015 0.55 1010.02 5.48Baroda Pioneer Treasury Advantage Fund Reg - Quarterly Dividend27-Jun-2014 27-Jun-2014 2.34 1006.66 23.3821-Mar-2014 21-Mar-2014 0.78 1011.22 7.7927-Dec-2013 27-Dec-2013 1.64 1000.01 16.44Baroda Pioneer Treasury Advantage Fund - Plan A - Quarterly Dividend30-Dec-2015 30-Dec-2015 1.44 1029.97 14.4524-Sep-2015 28-Sep-2015 1.44 1029.21 14.4526-Jun-2015 26-Jun-2015 1.44 1007.33 14.45Baroda Pioneer Treasury Advantage Fund -Plan B- Direct - Quarterly Dividend30-Dec-2015 30-Dec-2015 1.66 1032.10 16.6124-Sep-2015 28-Sep-2015 1.66 1033.28 16.6126-Jun-2015 26-Jun-2015 1.66 1010.42 16.61

Dividend History

25

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

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

31st December, 2015

BARODA PIONEER MUTUAL FUND26

karvy Computershare Private LimitedAddress and Contact detailsMFS Branches

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

31st December, 2015


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

27

31st December, 2015


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.

Factsheet - Welcome to Baroda Pioneer Mutual · PDF fileThe food inflation ... CIO Letter 2...

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Transcript of Factsheet - Welcome to Baroda Pioneer Mutual · PDF fileThe food inflation ... CIO Letter 2...