Gain from the right mix of Equity, Arbitrage and Fixed Income · Mutual fund investments are subject to market risks, read all scheme related documents carefully. May 2019 Baroda

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

May 2019

Baroda Equity Savings FundAn open ended scheme investing in Equity, Arbitrage and Debt Instruments

Offer of Units of Rs. 10/- each for cash during the New Fund Offer and at NAV based prices during the Continuous Offer for Units

New Fund Offer period July 04, 2019 to July 16, 2019

This product is suitable for investors who are seeking*:

Investors understand that their principal will be atModerately High risk

Long term Capital appreciation and income

generation

Investment in equity and equity related

securities, arbitrage opportunities, and debt

and money market instruments

•

•

Gain from the right mix of

Equity, Arbitrage and

Fixed Income

2

Dear Investors,

Warm Greetings!

BSE Sensex gained 1.7% during the month, to close at all time high of 39,714. While sentiments were quite negative at the start of the month, with US President threatening to raise tariffs on China, closure of elections and a decisive mandate for NDA led government led to markets inching up. FPIs continued to invest heavily in the Indian market with US$1.3 bn inflows in May while DIIs bought US$753mn worth of equities. BSE Midcap and BSE Small cap too gained 1.4% and 1.7% respectively.

In a complete change of stance, US President raised tariffs from 10% to 25% on USD200bn of Chinese imports. China also announced that it will increase tariffs on USD60bn worth of US goods from June 2019. Consequently, the trade talks between the US and China also ended without a deal. Global markets have turned jittery post this event.

The Fed kept the federal funds rate unchanged at 2.25-2.5%. The Committee believed that in light of global economic and financial developments and muted inflation pressures, it will be “patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes”.

The BJP-led NDA government came in to power, with BJP alone securing 303 seats. The final outcome exceeded predictions given by most exit polls. Post the election outcome, the focus is now on cabinet allocation, which happened on 30th May. Overall a stable Government should help in policy making.

CPI inflation inched marginally higher to 2.92% in April as against 2.86% in March. On a sequential basis, CPI inflation hardened by 0.5% month on month (mom), led primarily by 1% mom increase in food prices. While prices of fruits, vegetables, cereals and pulses have continued to firm up, prices of eggs, milk and spices have posted sequential declines. Fuel and light inflation hardened by 2.6% (2.3% in March) on account of higher oil prices.

March IIP growth contracted by 0.1% as against a growth of 0.1% in February led largely by slowdown in the manufacturing segment. Manufacturing sector contracted by 0.4%. The sharp decline in the manufacturing sector in March was led by large sectors such as fabricated metal products, motor vehicles, trailers and semi-trailers machinery and equipment and pharmaceuticals, medicinal, chemical and botanical products. Growth in the mining sector slowed to 0.8% while electricity production growth rose to 2.2%.

FPI flows continue to be positive for the fourth month in a row. YTD FPI flows stood at USD11bn. Just to recap, it was negative for the CY18. MFs have turned positive for year to date. However, if one includes insurance companies, the domestic institutional investors are negative to the tune of USD1.6bn for the year.

For the year markets are up 10% now. Post the election outcome and cabinet allocation, focus will now shift to the finance budget which is to be presented on 5th July. There are expectations from budget on reviving the slowing demand both in urban and rural areas, improving infrastructure, railways and building roads. We remain constructive on Indian equities on medium to long term horizon as reforms being implemented are likely to start paying off over this period in terms of higher and sustainable growth and improved earning visibility.

Happy Investing!

Sources : Bloomberg, Economic Times

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

Mr. Sanjay ChawlaChief Investment Officer

CIO LETTER - May 2019

3

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

INDEX

How To Read Factsheet Pg 4

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

Pg 5

Baroda ELSS’ 96 Pg 6

Baroda Mid Cap Fund£ Pg 7

Baroda Large Cap Fund£ Pg 8

Baroda Banking and Financial Services Fund£ Pg 9

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

Pg 10

Baroda Dynamic Equity Fund Pg 11

Baroda Conservative Hybrid Fund£

(formerly known as Baroda Pioneer Monthly Income Plan (MIP) Fund)Pg 12

Baroda Credit Risk Fund£

(formerly known as Baroda Pioneer Credit Opportunities Fund)Pg 13

Baroda Gilt Fund£ Pg 14

Baroda Dynamic Bond Fund£ Pg 15

Baroda Short Term Bond Fund£ Pg 16

Baroda Treasury Advantage Fund£ Pg 17

Baroda Ultra Short Duration Fund Pg 18

Baroda Liquid Fund Pg 19

Baroda Overnight Fund Pg 20

Investment Performance Pg 21

SIP Returns Pg 24

Dividend History Pg 25

4

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

How To Read Factsheet?

5

Baroda Multi Cap Fund1

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

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

Plan A 2.44%

Plan B (Direct) 1.88%

Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Manager#

September 12, 2003

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

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

Plan A and Plan B (Direct)

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

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

Entry Load: NA

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

Mr. Sanjay Chawla&

(Experience 29 Years)

AAUM & AUM

AAUM 791.40 Crs

AUM 818.43 Crs

Standard deviation 12.81%

Sharpe@ 0.33

Beta 1.01

Portfolio Turnover (last 12 months)

1.04

@risk free rate (FBIL Overnight MIBOR) 6.00%

Risk Profile 31 May 2019

Mr. Dipak Acharya


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

Portfolio Portfolio

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 21 - 23^ For Disclaimer please refer page no 23

Plan A `

Growth 100.68

Dividend 31.85

Plan B - Direct `

Growth 106.68

Dividend 32.02

NAV as on 31 May 2019Riskometer

This product is suitable for investors who are seeking*

• Capital appreciation over long term.

• Investment predominantly in equity and equity related instruments.

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

Top 10 Industries

1Formerly known as Baroda Pioneer Growth Fund

Name of InstrumentsRatings /Industries

% to NetAssets

EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesHDFC Bank Ltd. Banks 9.32%

ICICI Bank Ltd. Banks 7.24%Housing Development Finance Corporation Ltd.

Finance 4.66%

Reliance Industries Ltd. Petroleum Products 4.54%

Larsen & Toubro Ltd. Construction Project 3.80%

Axis Bank Ltd. Banks 3.21%

State Bank of India Banks 3.01%

Indraprastha Gas Ltd. Gas 2.67%

Marico Ltd.Consumer Non Durables

2.61%

Tech Mahindra Ltd. Software 2.48%

Astral Poly Technik Ltd. Industrial Products 2.41%

Aarti Industries Ltd. Chemicals 2.17%Sun Pharmaceutical Industries Ltd.

Pharmaceuticals 2.13%

ITC Ltd.Consumer Non Durables

2.12%

Kansai Nerolac Paints Ltd.Consumer Non Durables

2.11%

City Union Bank Ltd. Banks 2.07%Larsen & Toubro Infotech Ltd.

Software 2.07%

Aurobindo Pharma Ltd. Pharmaceuticals 2.05%

Bajaj Finance Ltd. Finance 2.01%

HCL Technologies Ltd. Software 1.87%

Titan Company Ltd. Consumer Durables 1.81%

Petronet LNG Ltd. Gas 1.81%

Infosys Ltd. Software 1.80%Shriram Transport Finance Company Ltd.

Finance 1.78%

Security and Intelligence Services (I) Ltd.

Commercial Services 1.67%

The Federal Bank Ltd. Banks 1.67%


% to NetAssets

Voltas Ltd. Consumer Durables 1.63%

Castrol India Ltd. Petroleum Products 1.62%

Pidilite Industries Ltd. Chemicals 1.57%

WABCO India Ltd. Auto Ancillaries 1.57%

The Ramco Cements Ltd. Cement 1.49%

Cummins India Ltd. Industrial Products 1.45%

Nestle India Ltd.Consumer Non Durables

1.40%

Aditya Birla Fashion and Retail Ltd.

Retailing 1.35%

HDFC Life Insurance Company Ltd.

Finance 1.08%

Tata Consultancy Services Ltd.

Software 1.07%

Mphasis Ltd. Software 1.03%Bharat Petroleum Corporation Ltd.

Petroleum Products 1.00%

Maruti Suzuki India Ltd. Auto 0.92%

Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.90%

Engineers India Ltd. Construction Project 0.86%

Sadbhav Engineering Ltd. Construction Project 0.61%

JSW Steel Ltd. Ferrous Metals 0.50%

Tata Motors Ltd. Auto 0.42%


Total 95.97%

Margin Fixed Deposits

HDFC Bank Ltd. Unrated 0.28%

Total 0.28%

TREPS / Reverse Repo Investments 3.44%

Total 3.44%

Cash & Cash Equivalents

Net Receivable/Payable 0.31%

Total 0.31%

Grand Total 100.00%

31 May, 2019

Pharmaceuticals5.08%

BANK

Banks26.52%

Finance9.53%

Consumer Non

Durables8.24%

Industrial Products3.86%

Software10.32%

Construction Project5.27%

Petroleum Products7.16%

Gas4.48%

Chemicals3.74%

6

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

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

Plan A 2.50%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Manager#

March 31, 1996

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



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

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

Entry Load: NA

Exit Load: Nil

Mr. Sanjay Chawla&


AAUM & AUM

AAUM 152.69 Crs

AUM 158.28 Crs


Sharpe@ 0.18

Beta 1.02


1.35



Mr. Dipak Acharya


Portfolio Portfolio

Plan A `

Growth 44.86

Bonus 44.86

Dividend 27.52

Plan B - Direct `

Growth 48.21

Bonus 48.21

Dividend 33.53

NAV as on 31 May 2019


• Capital growth over long term.

• Investment predominantly in equity and equity related instruments.


Top 10 Industries

Riskometer


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 21 - 23^ For Disclaimer please refer page no 23


% to NetAssets

EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchanges

HDFC Bank Ltd. Banks 9.19%

ICICI Bank Ltd. Banks 7.36%

Housing Development Finance Corporation Ltd.

Finance 5.38%




Havells India Ltd. Consumer Durables 2.83%

City Union Bank Ltd. Banks 2.68%



Retailing 2.66%


Muthoot Finance Ltd. Finance 2.47%




Software 2.36%


2.35%



2.33%


Larsen & Toubro Infotech Ltd.

Software 2.26%




Sun Pharmaceutical Industries Ltd.



% to NetAssets

Security and Intelligence Services (I) Ltd.

Commercial Services 1.73%



Abbott India Ltd. Pharmaceuticals 1.47%


Thermax Ltd.Industrial Capital Goods

1.29%


D.B.Corp Ltd.Media & Entertainment

1.24%


Finance 1.12%




Gujarat Fluorochemicals Ltd. Chemicals 1.00%



Bharat Petroleum Corporation Ltd.


Knr Constructions Ltd. Construction 0.59%


Total 96.53%


Total 3.78%


Net Receivable/Payable -0.31%

Total -0.31%

Grand Total 100.00%

31 May, 2019

BANK

Banks24.96%

Software9.10%

Consumer Non

Durables4.68%



Consumer Durables

4.48%

Gas6.06%

Finance11.27%


Auto3.46%

7

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

Plan A 2.55%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Manager#

October 4, 2010

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



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


Entry Load: NA

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

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

Mr. Sanjay Chawla


AAUM & AUM

AAUM 45.73 Crs

AUM 47.69 Crs


Sharpe@ 0.41

Beta 0.84


1.56



Mr. Dipak Acharya


Portfolio Portfolio

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 21 - 23^ For Disclaimer please refer page no 23£ Pursuant to the SEBI circulars issued by SEBI on “Categorisation and Rationalisation of mutual fund schemes”, there has been change in the fundamental attributes of the scheme effective June 6, 2018.

Plan A `

Growth 9.13

Dividend 9.13

Plan B - Direct `

Growth 9.62

Dividend 9.62




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


Top 10 Industries

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


% to NetAssets


IPCA Laboratories Ltd. Pharmaceuticals 4.91%



Coromandel International Ltd.

Fertilisers 4.57%


Astral Poly Technik Ltd. Industrial Products 4.17%

Tube Investments of India Ltd.

Auto Ancillaries 4.08%

Aarti Industries Ltd. Chemicals 3.96%

AIA Engineering Ltd. Industrial Products 3.93%


Sundram Fasteners Ltd. Auto Ancillaries 3.42%


The Indian Hotels Company Ltd.

Hotels, Resorts And Other Recreational Activities

3.29%

Solar Industries India Ltd. Chemicals 3.20%

CESC Ltd. Power 3.12%



2.90%


Thermax Ltd.Industrial Capital Goods

2.67%


Retailing 2.65%


% to NetAssets

Honeywell Automation India Ltd.

Industrial Capital Goods

2.16%

Mphasis Ltd. Software 2.08%

Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.97%


Gujarat Gas Ltd. Gas 1.54%

Shriram Transport Finance Company Ltd.

Finance 1.46%


V-Mart Retail Ltd. Retailing 1.23%

Karur Vysya Bank Ltd. Banks 1.23%


Schaeffler India Ltd. Industrial Products 1.08%

IDFC First Bank Ltd. Banks 1.05%

BEML Ltd.Industrial Capital Goods

1.02%

NBCC (India) Ltd. Construction 0.97%

Simplex Infrastructures Ltd. Construction 0.81%

Varun Beverages Ltd.Consumer Non Durables

0.59%

Total 95.63%


Total 4.09%



Total 0.28%

Grand Total 100.00%

31 May, 2019

BANK

Banks10.09%

Industrial Products9.18%

Pharmaceuticals6.88% Retailing

3.88%Gas

10.74%

Auto Ancillaries

8.95%

Chemicals7.16%

Industrial Capital Goods

5.85%

Fertilisers4.57%

Finance4.19%

8

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

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

Plan A 2.56%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Manager#

June 22, 2010

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





Entry Load: NA

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


Mr. Sanjay Chawla


AAUM & AUM

AAUM 31.86 Crs

AUM 32.52 Crs


Sharpe@ 0.53

Beta 0.72


1.32



Mr. Dipak Acharya


Portfolio Portfolio

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 21 - 23 ^ For Disclaimer please refer page no 23£ Pursuant to the SEBI circulars issued by SEBI on “Categorisation and Rationalisation of mutual fund schemes”, there has been change in the fundamental attributes of the scheme effective June 6, 2018.

Plan A `

Growth 14.94

Dividend 11.88

Plan B - Direct `

Growth 15.62

Dividend 12.53




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


Top 10 Industries


% to NetAssets





Finance 8.05%










Sun Pharmaceutical Industries Ltd.


Kotak Mahindra Bank Ltd. Banks 2.34%


Larsen & Toubro Infotech Ltd.

Software 2.19%

Nestle India Ltd.Consumer Non Durables

2.12%



Software 2.02%


Havells India Ltd. Consumer Durables 1.84%


% to NetAssets



Shriram Transport Finance Company Ltd.

Finance 1.43%

Bharat Petroleum Corporation Ltd.




1.14%


Asian Paints Ltd.Consumer Non Durables

1.08%


Finance 1.02%


Infosys Ltd. Software 0.23%

Total 94.57%



Total 0.34%


Total 4.42%



Total 0.67%

Grand Total 100.00%



Baroda Large Cap Fund£ Large Cap Fund – An open-ended equity scheme pre-dominantly investing in large cap stocks. 31 May, 2019

BANK

Banks29.74%

Software9.70%

Finance13.43%




Consumer Durables

4.50%

Consumer Non

Durables4.34%

Auto4.55%

Gas2.28%

9

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

Plan A 2.57%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Manager#

June 22, 2012

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





Entry Load: NA

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

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

AAUM & AUM

AAUM 42.36 Crs

AUM 44.45 Crs


Sharpe@ 0.71

Beta 0.95


0.66



Mr. Dipak Acharya


Portfolio Portfolio

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 21 - 23^ For Disclaimer please refer page no 23£ Pursuant to the SEBI circulars issued by SEBI on “Categorisation and Rationalisation of mutual fund schemes”, there has been change in the fundamental attributes of the scheme effective June 6, 2018.

Plan A `

Growth 24.42

Dividend 16.60

Plan B - Direct `

Growth 25.66

Dividend 17.70




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


Top Industries


% to NetAssets




Kotak Mahindra Bank Ltd. Banks 10.27%




Finance 5.40%





Karur Vysya Bank Ltd. Banks 1.14%


Finance 1.09%


% to NetAssets

Motilal Oswal Financial Services Ltd.

Finance 1.07%

IDFC First Bank Ltd. Banks 1.02%

The Karnataka Bank Ltd. Banks 0.96%

Syndicate Bank Banks 0.80%

Total 94.52%



Total 0.34%


Total 4.84%



Total 0.30%

Grand Total 100.00%

BANK

Banks80.87%

Finance13.65%

Unrated0.34%

Cash & Equivalent0.30%̀

Baroda Banking and Financial Services Fund£ An open ended equity scheme investing in the Banking and Financial Services sector. 31 May, 2019

10

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

Plan A 2.41%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Manager#

September 12, 2003

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





Entry Load: NA

Exit Load: 1% if redeemed on or before 12 months from the date of allotment of units,

Nil if redeemed after 12 months from the date of allotment of units

AAUM & AUM

AAUM 646.81 Crs

AUM 650.26 Crs


Sharpe@ 0.35

Beta 1.13


1.36



Mr. Sanjay Chawla&


Portfolio Portfolio

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 21 - 23£ Pursuant to the SEBI circulars issued by SEBI on “Categorisation and Rationalisation of mutual fund schemes”, there has been change in the fundamental attributes of the scheme effective June 6, 2018.


• Capital appreciation along with stability over long term.

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


Top 10 Industries

Riskometer

Plan A `

Growth 56.63

Dividend 16.44

Plan B - Direct `

Growth 61.03

Dividend 18.56


Baroda Hybrid Equity Fund2£

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

Mr. Dipak Acharya



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


% to Net

AssetsEQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesHDFC Bank Ltd. Banks 7.43%ICICI Bank Ltd. Banks 5.35%Reliance Industries Ltd. Petroleum Products 3.87%Axis Bank Ltd. Banks 3.84%Housing Development Finance Corporation Ltd. Finance 3.34%

Indraprastha Gas Ltd. Gas 2.71%Larsen & Toubro Ltd. Construction Project 2.62%State Bank of India Banks 2.56%Tech Mahindra Ltd. Software 2.34%City Union Bank Ltd. Banks 2.34%Kansai Nerolac Paints Ltd. Consumer Non Durables 2.29%Marico Ltd. Consumer Non Durables 2.28%Sun Pharmaceutical Industries Ltd. Pharmaceuticals 2.07%

KEC International Ltd. Construction Project 1.96%Larsen & Toubro Infotech Ltd. Software 1.86%Aurobindo Pharma Ltd. Pharmaceuticals 1.85%Havells India Ltd. Consumer Durables 1.72%Infosys Ltd. Software 1.69%HCL Technologies Ltd. Software 1.67%Solar Industries India Ltd. Chemicals 1.62%Pidilite Industries Ltd. Chemicals 1.58%The Federal Bank Ltd. Banks 1.56%Petronet LNG Ltd. Gas 1.42%Tata Consultancy Services Ltd. Software 1.35%Shriram Transport Finance Company Ltd. Finance 1.34%

Voltas Ltd. Consumer Durables 1.33%Castrol India Ltd. Petroleum Products 1.13%Security and Intelligence Services (I) Ltd. Commercial Services 1.10%

WABCO India Ltd. Auto Ancillaries 1.04%The Ramco Cements Ltd. Cement 1.00%NBCC (India) Ltd. Construction 0.85%HDFC Life Insurance Company Ltd. Finance 0.85%

Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.82%Maruti Suzuki India Ltd. Auto 0.68%Engineers India Ltd. Construction Project 0.60%Simplex Infrastructures Ltd. Construction 0.59%Bharat Petroleum Corporation Ltd. Petroleum Products 0.56%

Tata Motors Ltd. Auto 0.53%JSW Steel Ltd. Ferrous Metals 0.37%Atul Ltd. Chemicals 0.21%


% to Net

AssetsJagran Prakashan Ltd. Media & Entertainment 0.21%Total 74.53%CENTRAL GOVERNMENT SECURITIES8.24% CGL 2027 Sovereign 0.21%7.59% CGL 2026 Sovereign 0.16%7.88% CGL 2030 Sovereign 0.11%8.28% CGL 2027 Sovereign 0.02%Total 0.50%STATE GOVERNMENT SECURITIES9.72% SDL 2023 Sovereign 0.83%Total 0.83%MONEY MARKET INSTRUMENTSCertificate of Deposits**Axis Bank Ltd. CRISIL A1+ 2.18%Total 2.18%BONDS & NCDsListed / awaiting listing on the stock exchangesICICI Bank Ltd. [ICRA]AA+ 3.81%Indiabulls Housing Finance Ltd. BWR AAA 2.30%Bank of Baroda CRISIL AA+ 2.08%National Bank for Agriculture and Rural Development CRISIL AAA 1.85%

Dewan Housing Finance Corporation Ltd. CARE BBB- 1.85%

Indian Railway Finance Corporation Ltd. CRISIL AAA 1.79%

Larsen & Toubro Ltd. CRISIL AAA 1.08%Muthoot Finance Ltd. CRISIL AA 0.60%National Highways Authority of India CRISIL AAA 0.43%

Total 15.79%UnlistedARM Infra & Utilities Private Ltd. BWR A3(SO) 1.55%

Total 1.55%Margin Fixed DepositsHDFC Bank Ltd. Unrated 0.35%Total 0.35%TREPS / Reverse Repo Investments 3.53%Total 3.53%Cash & Cash EquivalentsNet Receivable/Payable 0.74%Total 0.74%Grand Total 100.00%

2Formerly known as Baroda Pioneer Balance Fund

31 May, 2019

BANK

Banks23.08%

Finance5.53%

Consumer Non

Durables4.57%

Software8.91%




CRISIL AAA5.15%

Gas4.13%

[ICRA]AA+

3.81%

11

Portfolio

Ratings

Riskometer


• Capital appreciation over medium to long term.

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


Instruments

67.08%

19.17%

5.12%2.54%

2.03%1.84%

1.36%0.86%

EQUITY & EQUITY RELATED

BONDS & NCDs


Commercial Paper

Certificate of Deposits

TREPS / Reverse RepoInvestments


Unlisted

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

Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Fund Manager

November 14, 2018

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


Regular and Direct

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


Entry Load: NA

Exit Load: If units are redeemed upto 10% of the units, on or before one year from the date of allotment : Nil

If units are redeemed over and above the 10% limit, on or before one year from the date of allotment : 1% of the applicable Net Asset Value (NAV)

If units are redeemed after one year from the date of allotment: Nil

Mr. Alok Sahoo


AAUM & AUM

AAUM 381.39 Crs

AUM 391.90 Crs

Regular 2.44%

Direct 1.18%

Total Expense Ratio

Baroda Dynamic Equity FundAn open ended dynamic asset allocation fund

Portfolio


3.20%0.50%0.51%0.63%0.80%0.86%0.99%1.08%

3.09%3.37%3.67%3.71%3.73%4.04%4.05%4.08%4.57%4.80%5.12%5.17%5.23%

9.34%11.49%

15.97%

Cash & Cash EquivalentsIndustrial Capital Goods

IND AA+Cement

Auto AncillariesBWR A3(SO)

ChemicalsConstruction

[ICRA]AAAConsumer Non Durables

Ferrous MetalsConstruction Project

AutoGas

Petroleum Products[ICRA]AA

[ICRA]A1+Pharmaceuticals

UnratedConsumer Durables

SoftwareFinance

CRISIL AAABanks

Regular `

Growth 10.7200

Dividend 10.7200

Direct `

Growth 10.8200

Dividend 10.8200


Mr. Sanjay Chawla



% to Net

AssetsEQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesAxis Bank Ltd. Banks 5.49%Reliance Industries Ltd. Petroleum Products 3.74%Bajaj Finance Ltd. Finance 3.54%ICICI Bank Ltd. Banks 3.46%Housing Development Finance Corporation Ltd. Finance 3.46%

State Bank of India Banks 2.83%Larsen & Toubro Ltd. Construction Project 2.78%Maruti Suzuki India Ltd. Auto 2.54%Titan Company Ltd. Consumer Durables 2.37%Jindal Steel & Power Ltd. Ferrous Metals 2.21%Indraprastha Gas Ltd. Gas 2.15%Havells India Ltd. Consumer Durables 1.91%Marico Ltd. Consumer Non Durables 1.90%Tata Consultancy Services Ltd. Software 1.89%Petronet LNG Ltd. Gas 1.89%Aurobindo Pharma Ltd. Pharmaceuticals 1.89%Sun Pharmaceutical Industries Ltd. Pharmaceuticals 1.83%Shriram Transport Finance Company Ltd. Finance 1.49%

Nestle India Ltd. Consumer Non Durables 1.47%JSW Steel Ltd. Ferrous Metals 1.46%The Federal Bank Ltd. Banks 1.37%Infosys Ltd. Software 1.31%Tech Mahindra Ltd. Software 1.30%HDFC Bank Ltd. Banks 1.24%Kotak Mahindra Bank Ltd. Banks 1.17%DLF Ltd. Construction 1.08%Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.08%Pidilite Industries Ltd. Chemicals 0.99%Engineers India Ltd. Construction Project 0.93%Voltas Ltd. Consumer Durables 0.89%HDFC Life Insurance Company Ltd. Finance 0.85%

WABCO India Ltd. Auto Ancillaries 0.80%Larsen & Toubro Infotech Ltd. Software 0.73%Tata Motors Ltd. Auto 0.64%The Ramco Cements Ltd. Cement 0.63%Tata Motors Ltd. Auto 0.55%BEML Ltd. Industrial Capital Goods 0.50%Union Bank of India Banks 0.41%Bharat Petroleum Corporation Ltd. Petroleum Products 0.31%

Total 67.08%BONDS & NCDsListed / awaiting listing on the stock exchangesExport-Import Bank of India CRISIL AAA 6.38%Piramal Enterprises Ltd. [ICRA]AA 4.08%National Highways Authority of India CRISIL AAA 2.29%

Aditya Birla Housing Finance Ltd. [ICRA]AAA 1.96%Larsen & Toubro Ltd. CRISIL AAA 1.80%Aditya Birla Finance Ltd. [ICRA]AAA 0.61%National Bank for Agriculture and Rural Development CRISIL AAA 0.52%Housing and Urban Development Corporation Ltd. [ICRA]AAA 0.52%

PNB Housing Finance Ltd. IND AA+ 0.51%


% to Net

AssetsIndian Railway Finance Corporation Ltd. CRISIL AAA 0.50%

Total 19.17%UnlistedARM Infra & Utilities Private Ltd. BWR A3(SO) 0.86%Total 0.86%MONEY MARKET INSTRUMENTSCommercial Paper**L&T Finance Ltd. [ICRA]A1+ 2.54%Total 2.54%Certificate of Deposits**Utkarsh Small Finance Bank Ltd. [ICRA]A1+ 2.03%Total 2.03%Margin Fixed DepositsHDFC Bank Ltd. Unrated 5.12%Total 5.12%TREPS / Reverse Repo Investments 1.84%Total 1.84%Cash & Cash EquivalentsNet Receivable/Payable 1.36%Total 1.36%Grand Total 100.00%DERIVATIVES / Stock FuturesName of the Instrument Long / Short % to AUMHousing Development Finance Corporation Ltd. 27-JUN-19 Short (3.02)

Axis Bank Ltd. 27-JUN-19 Short (2.61)Reliance Industries Ltd. 27-JUN-19 Short (2.38)Titan Company Ltd. 27-JUN-19 Short (2.37)Bajaj Finance Ltd. 27-JUN-19 Short (2.22)Jindal Steel & Power Ltd. 27-JUN-19 Short (2.21)Tata Consultancy Services Ltd. 27-JUN-19 Short (1.88)Maruti Suzuki India Ltd. 27-JUN-19 Short (1.84)

Infosys Ltd. 27-JUN-19 Short (1.30)JSW Steel Ltd. 27-JUN-19 Short (1.15)DLF Ltd. 27-JUN-19 Short (1.08)State Bank of India 27-JUN-19 Short (1.03)Tata Motors Ltd. 27-JUN-19 Short (0.55)Union Bank of India 27-JUN-19 Short (0.41)Total (24.05)

Mr. Dipak Acharya@


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

31 May, 2019

12

Baroda Conservative Hybrid Fund3£

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

Portfolio Portfolio

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 21 - 23 £ Pursuant to the SEBI circulars issued by SEBI on “Categorisation and Rationalisation of mutual fund schemes”, there has been change in the fundamental attributes of the scheme effective June 6, 2018.

Instruments

9.38%

0.42%

0.62%

1.20%

1.38%

1.58%

1.58%

2.17%

3.72%

6.83%

71.12%


Consumer Durables

Cement

Petroleum Products

Consumer Non Durables

Construction Project

Pharmaceuticals

Finance

Software

Banks

Sovereign

Ratings

Riskometer

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

with providing liquidity.• Investment in debt and money market instruments and in equity

and equity related instruments.* Investors should consult their financial advisers if in

doubt about whether the product is suitable for them.

71.12%

19.50%

7.65%1.73% Central Government

Securities

EQUITY & EQUITY RELATED

TREPS / Reverse Repo

Investments


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

Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Fund Manager#

September 08, 2004

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



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


Entry Load: NA

Exit Load: NIL

Ms. Hetal Shah


Average Maturity (Days) 3529

Modified Duration (Years) 6.49

Portfolio Yield (%) 7.09

Portfolio Characteristic

AAUM & AUM

AAUM 16.82 Crs

AUM 14.80 Crs

Plan A 2.09%


Total Expense Ratio

Plan A `

Growth 24.5493

Dividend - Monthly 13.8065

Dividend - Quarterly 13.5122

Plan B - Direct `

Growth 25.9138





% to NetAssets





Abbott India Ltd. Pharmaceuticals 1.58%

Larsen & Toubro Infotech Ltd. Software 1.57%


Finance 1.47%


1.38%





IndusInd Bank Ltd. Banks 0.54%

Wipro Ltd. Software 0.48%


Ultratech Cement Ltd. Cement 0.40%

Mphasis Ltd. Software 0.34%

Gulf Oil Lubricants India Ltd. Petroleum Products 0.30%


Total 19.50%


% to NetAssets

CENTRAL GOVERNMENT SECURITIES

6.68% CGL 2031 Sovereign 48.35%

7.17% CGL 2028 Sovereign 8.78%




Total 71.12%


Total 7.65%



Total 1.73%

Grand Total 100.00%

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

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

31 May, 2019

13

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

Portfolio Portfolio


7.03%

1.03%

1.12%

1.52%

1.86%

2.33%

2.54%

2.76%

2.82%

2.85%

3.54%

4.88%

6.18%

6.65%

9.72%

17.18%

25.99%


CRISIL AAA(SO)

[ICRA]AA(SO)

CRISIL A1+

Sovereign

[ICRA]A

[ICRA]AA+

CARE BBB-

CRISIL AA+

CARE AA

BWR AAA

CRISIL AAA

BWR A3(SO)

[ICRA]A+

[ICRA]A1+

CRISIL AA

[ICRA]AA

Ratings

Riskometer


• Income over medium term.

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


Instruments

62.83%

17.04%

11.24%

4.17%2.86%

1.52%0.34% BONDS & NCDs

Unlisted




Central GovernmentSecurities

State Government Securities

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

Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Fund Manager#

January 23, 2015

CRISIL Short Term Bond Fund Index



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


Entry Load: NA

Exit Load: If units are redeemed upto 10% of the units, on or before one year from the date of allotment : Nil

If units are redeemed over and above the 10% limit, on or before one year from the date of allotment : 1% of the applicable Net Asset Value (NAV)

If units are redeemed after one year from the date of allotment: Nil

Mr. Alok Sahoo


Mr. Karn Kumar&


AAUM 978.91 Crs

AUM 980.37 Crs





AAUM & AUM

Plan A 1.77%


Total Expense Ratio Plan A `

Growth 14.3276



Plan B - Direct `

Growth 15.0366




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



% to NetAssets

CENTRAL GOVERNMENT SECURITIES7.17% CGL 2028 Sovereign 0.98%6.68% CGL 2031 Sovereign 0.54%Total 1.52%STATE GOVERNMENT SECURITIES8.11% SDL 2028 Sovereign 0.34%Total 0.34%BONDS & NCDsListed / awaiting listing on the stock exchangesApollo Hospitals Enterprise Ltd. CRISIL AA 9.42%

Piramal Enterprises Ltd. [ICRA]AA 8.35%Aspire Home Finance Corporation Ltd. [ICRA]A+ 6.65%

Edelweiss Commodities Services Ltd. [ICRA]AA 5.52%

IndusInd Bank Ltd. CRISIL AA 4.79%Indiabulls Housing Finance Ltd. BWR AAA 3.54%Dewan Housing Finance Corporation Ltd. CARE BBB- 2.76%

Edelweiss Commodities Services Ltd. CARE AA 2.75%

ICICI Bank Ltd. [ICRA]AA+ 2.54%Yes Bank Ltd. [ICRA]A 2.33%Edelweiss Housing Finance Ltd. [ICRA]AA 2.29%HDFC Bank Ltd. CRISIL AAA 2.08%Muthoot Finance Ltd. CRISIL AA 1.93%HDFC Bank Ltd. CRISIL AA+ 1.73%National Bank for Agriculture and Rural Development CRISIL AAA 1.45%


Edelweiss Asset Reconstruction Company Ltd.

[ICRA]AA(SO) 1.12%

Bank of Baroda CRISIL AA+ 1.09%IIFL Home Finance Ltd. CRISIL AA 1.04%Reliance Industries Ltd. CRISIL AAA 0.20%Bank of Baroda CARE AA 0.10%Total 62.83%


% to NetAssets

MONEY MARKET INSTRUMENT

Certificate of Deposits**Utkarsh Small Finance Bank Ltd. [ICRA]A1+ 6.07%

ICICI Bank Ltd. [ICRA]A1+ 2.43%

Axis Bank Ltd. CRISIL A1+ 1.52%Utkarsh Small Finance Bank Ltd. [ICRA]A1+ 1.22%

Total 11.24%

UnlistedARM Infra & Utilities Private Ltd. BWR A3(SO) 6.18%

IIFL Facilities Services Ltd. [ICRA]AA 5.09%

IIFL Wealth Finance Ltd. [ICRA]AA 4.74%Powergrid Vizag Transmission Ltd. CRISIL AAA(SO) 1.03%

Total 17.04%


Total 2.86%



Total 4.17%

Grand Total 100.00%

4Formerly known as Baroda Pioneer Credit Opportunities Fund

31 May, 2019

14

Portfolio


Riskometer


• Credit risk free regular Income over long term.

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


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

Plan A 1.89%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Manager#

March 21, 2002

I SEC-MI BEX



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


Entry Load: NA

Exit Load: 0.25%, if redeemed on or before

1 month (30 days) from the date of allotment of units.

Nil, if redeemed after 1 month (30 days) from the date of allotment of units.

Ms. Hetal Shah


AAUM & AUM

AAUM 27.62 Crs

AUM 28.12 Crs





Baroda Gilt Fund£

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

RatingsInstruments

86.88%

9.52%1.93%1.67%


State GovernmentSecurities



Plan A `

Growth 29.1409

Dividend 20.6646

Plan B- Direct `

Growth 30.8439

Dividend 26.7025



% to NetAssets


6.68% CGL 2031 Sovereign 25.10%

7.17% CGL 2028 Sovereign 24.87%

8.24% CGL 2027 Sovereign 12.08%

7.59% CGL 2029 Sovereign 10.20%





Total 86.88%

Portfolio


% to NetAssets

STATE GOVERNMENT SECURITIES

9.39% SDL 2023 Sovereign 9.52%

Total 9.52%


Total 1.93%



Total 1.67%

Grand Total 100.00%

3.60%

96.40%


Sovereign

31 May, 2019

15

Portfolio


Ratings

Riskometer


• Regular Income over medium term with providing liquidity.

• Investment in medium to long term corporate bonds and / or government securities and manage the portfolio dynamically through different interest rate cycles.


Instruments

63.41%

22.76%

8.98%2.46% 2.39%


BONDS & NCDs

State GovernmentSecurities



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

Plan A 1.57%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Manager#

June 30, 2012

CRISIL Composite Bond Fund Index



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


Entry Load: NA

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

Mr. Alok Sahoo


Ms. Hetal Shah


AAUM & AUM

AAUM 23.71 Crs

AUM 23.92 Crs





Plan A `

Growth 17.4185

Dividend 13.2862

Plan B - Direct `

Growth 18.2782

Dividend 14.0861


Baroda Dynamic Bond Fund£+

An open-ended dynamic debt scheme investing across duration.

Portfolio

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


% to NetAssets


6.68% CGL 2031 Sovereign 17.94%

6.79% CGL 2027 Sovereign 16.31%

8.28% CGL 2027 Sovereign 11.16%

7.59% CGL 2026 Sovereign 10.73%


Total 63.41%

STATE GOVERNMENT SECURITIES





Total 8.98%

BONDS & NCDs

Listed / awaiting listing on the stock exchanges



% to NetAssets



Total 22.76%


Total 2.39%



Total 2.46%

Grand Total 100.00%

4.85%

3.31%

8.08%

11.37%

72.39%


CRISIL AAA

[ICRA]AA

CARE BBB-

Sovereign

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

31 May, 2019

16

Baroda Short Term Bond Fund£

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

Portfolio

^ The Dividend Option has been renamed as Monthly Dividend Option and a Quarterly Dividend Option has been introduced effective December 23, 2016.# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 21 - 23£ Pursuant to the SEBI circulars issued by SEBI on “Categorisation and Rationalisation of mutual fund schemes”, there has been change in the fundamental attributes of the scheme effective June 6, 2018.

Ratings

Riskometer


• Regular Income over short term.

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


Instruments

65.90%

13.64%

9.45%

4.49%4.27% 2.25%

BONDS & NCDs


Unlisted




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

Plan A 1.31%


Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Manager#

June 30, 2010

CRISIL Short Term Bond Fund Index



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


Entry Load: NA

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


Mr. Alok Sahoo


Ms. Hetal Shah


AAUM & AUM

AAUM 310.11 Crs

AUM 318.32 Crs




Macaulay duration (Years) 1.95


Plan A `

Growth 20.1509

Dividend 10.0776

Plan B - Direct `

Growth 20.9677

Dividend 10.0546


Portfolio



% to NetAssets

BONDS & NCDs

Listed / awaiting listing on the stock exchangesNational Bank for Agriculture and Rural Development

CRISIL AAA 11.86%

Reliance Industries Ltd. CRISIL AAA 7.84%

NHPC Ltd. IND AAA 6.46%

Larsen & Toubro Ltd. CRISIL AAA 6.40%


Muthoot Finance Ltd. CRISIL AA 4.65%



[ICRA]AA(SO) 3.16%

Indiabulls Housing Finance Ltd. BWR AAA 3.16%

India Infoline Finance Ltd. [ICRA]AA 1.91%

Aditya Birla Finance Ltd. [ICRA]AAA 1.72%

Bank of Baroda [ICRA]AA 1.60%

Piramal Enterprises Ltd. [ICRA]AA 1.58%

L&T Finance Ltd. [ICRA]AAA 1.58%


HDFC Bank Ltd. CRISIL AA+ 0.95%

Aspire Home Finance Corporation Ltd. [ICRA]A+ 0.64%


IndusInd Bank Ltd. CRISIL AA 0.28%

Total 65.90%

Unlisted

IIFL Wealth Finance Ltd. [ICRA]AA 6.25%


% to NetAssets

ARM Infra & Utilities Private Ltd. BWR A3(SO) 3.20%

Total 9.45%


Certificate of Deposits**

IndusInd Bank Ltd. CRISIL A1+ 6.00%

Utkarsh Small Finance Bank Ltd. [ICRA]A1+ 3.14%

Axis Bank Ltd. CRISIL A1+ 3.00%

HDFC Bank Ltd. IND A1+ 1.50%

Total 13.64%



Total 4.27%


Total 4.49%



Total 2.25%

Grand Total 100.00%

6.74%

0.64%

0.95%

1.26%

1.50%

3.14%

3.16%

3.16%

3.20%

3.30%

4.27%

4.93%

5.96%

6.46%

9.00%

15.92%

26.41%


[ICRA]A+

CRISIL AA+

CARE AA

IND A1+

[ICRA]A1+

[ICRA]AA(SO)

BWR AAA

BWR A3(SO)

[ICRA]AAA

Sovereign

CRISIL AA

IND AA+

IND AAA

CRISIL A1+

[ICRA]AA

CRISIL AAA

31 May, 2019

17

Baroda Treasury Advantage Fund£

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

Portfolio

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 Effective November 01, 2012, dividends declared under the Regular Plan (which has been discontinued from October 01, 2012) will be reinvested in Baroda Treasury Advantage Fund (earlier called Institutional Plan)*For Disclaimer please refer page no 23# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 21 - 23£ Pursuant to the SEBI circulars issued by SEBI on “Categorisation and Rationalisation of mutual fund schemes”, there has been change in the fundamental attributes of the scheme effective June 6, 2018.

Ratings

Riskometer


• Regular income over short term with maintaining a balance between returns and liquidity.

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


Instruments

81.76%

10.36%

5.90%1.83%

0.15% BONDS & NCDs

Unlisted




Investments

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

Plan A 0.90%


Date of Inception

Benchmark

Plans & Option

Minimum Investment

Load Structure

Total Expense Ratio

Fund Manager#

June 24, 2009

CRISIL Liquid Fund Index


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


Entry Load: NA

Exit Load: NIL

Mr. Alok Sahoo


Ms. Hetal Shah


AAUM & AUM

AAUM 510.24 Crs

AUM 495.08 Crs




Macaulay duration (Months) 11.05


SIP (Minimum)


Regular `

Growth 2113.0762Dividend - Daily 1002.7555Dividend - Weekly 996.3952Dividend - Monthly 997.2733Plan A `

Bonus 2151.0504Growth 2166.7672Dividend - Daily 1026.7824Dividend - Weekly 996.2707Dividend - Monthly 997.2731Dividend - Quarterly 1029.1983Plan B - Direct `

Growth 2211.2225Dividend - Daily 1005.3003Dividend - Weekly 996.5322Dividend - Monthly 997.5820Dividend - Quarterly 1040.9612


Portfolio



% to NetAssets


Certificate of Deposits**

Utkarsh Small Finance Bank Ltd.

[ICRA]A1+ 1.83%

Total 1.83%

BONDS & NCDs



Indiabulls Housing Finance Ltd. BWR AAA 20.48%

Yes Bank Ltd. [ICRA]A 9.28%


Aspire Home Finance Corporation Ltd. [ICRA]A+ 6.80%

IndusInd Bank Ltd. CRISIL AA 5.21%

Muthoot Finance Ltd. CRISIL AA 2.99%

India Infoline Finance Ltd. [ICRA]AA 1.86%

Apollo Hospitals Enterprise Ltd. CRISIL AA 1.65%



[ICRA]AA(SO) 0.82%


% to NetAssets

Edelweiss Commodities Services Ltd.

[ICRA]AA 0.40%

Total 81.76%

Unlisted

ARM Infra & Utilities Private Ltd. BWR A3(SO) 10.36%

Total 10.36%


Total 0.15%



Total 5.90%

Grand Total 100.00%

6.05%

0.82%

1.83%

3.28%

6.80%

9.01%

9.28%

9.85%

10.36%

20.48%

22.24%


[ICRA]AA(SO)

[ICRA]A1+

[ICRA]AA

[ICRA]A+

CARE AA

[ICRA]A

CRISIL AA

BWR A3(SO)

BWR AAA

CARE BBB-

31 May, 2019

18

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

Portfolio

*For Disclaimer please refer page no 23

Ratings

Riskometer


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

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


Instruments

44.27%

23.20%

22.36%

10.32%-0.15% Certificate of Deposits

BONDS & NCDs


Investments

Commercial Paper


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

Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Fund Manager

June 1, 2018

CRISIL Ultra Short Fund Index*


Regular and Direct

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


Entry Load: NA Exit Load: NIL

Mr. Alok Sahoo


Ms. Hetal Shah





Macaulay duration (Months) 4.84


AAUM & AUM

AAUM 352.53 Crs

AUM 380.15 Crs

Regular 0.38%

Direct 0.20%

Total Expense Ratio

Regular `

Growth 1083.3964

Dividend - Daily 1003.2822

Dividend - Weekly 1002.9707

Direct `

Growth 1085.5053




Portfolio



% to NetAssets


Certificate of Deposit**



National Bank for Agriculture and Rural Development

CRISIL A1+ 6.33%

Small Industries Development Bank of India

CRISIL A1+ 6.33%

Bandhan Bank Ltd. [ICRA]A1+ 5.23%

HDFC Bank Ltd. IND A1+ 5.06%


Utkarsh Small Finance Bank Ltd.

[ICRA]A1+ 2.92%

Total 44.27%

Commercial Paper**


CRISIL A1+ 6.34%

L&T Finance Ltd. [ICRA]A1+ 3.98%

Total 10.32%

BONDS & NCDs


Export-Import Bank of India CRISIL AAA 6.66%


% to NetAssets

Bank of Baroda CARE AA 6.42%


National Bank for Agriculture and Rural Development

CRISIL AAA 3.22%

Indiabulls Housing Finance Ltd.

BWR AAA 2.67%


Total 23.20%


Total 22.36%


Net Receivable/Payable -0.15%

Total -0.15%

Grand Total 100.00%

22.21%

0.53%

2.67%

3.70%

5.06%

6.42%

9.88%

16.11%

33.42%


[ICRA]AA

BWR AAA

IND AA+

IND A1+

CARE AA

CRISIL AAA

[ICRA]A1+

CRISIL A1+

31 May, 2019

19

Portfolio

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 Effective November 01, 2012, dividends declared under the Regular Plan (which has been discontinued from October 01, 2012) will be reinvested in Baroda Liquid Fund (earlier called Institutional Plan)

*For Disclaimer please refer page no 23# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 21 - 23

Ratings

Riskometer


• Regular income over short term with maintaining a balance between returns and liquidity.

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


Instruments

66.52%

24.31%

8.67%0.33%

0.09%

0.08%Commercial Paper


Short Term Deposits

Unlisted



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

Date of Inception

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Fund Manager#

February 5, 2009

CRISIL Liquid Fund Index



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


Entry Load: NA

Exit Load: NIL

Mr. Alok Sahoo


Ms. Hetal Shah






AAUM & AUM

AAUM 7,039.43 Crs

AUM 6,430.47 Crs

Plan A 0.14%


Total Expense Ratio

Regular `

Growth 3184.7151

Dividend 2728.5365


Plan A `

Growth 2164.2707



Plan B - Direct `

Growth 2177.4403




Baroda Liquid FundAn open ended liquid scheme

Portfolio



% to NetAssets


Certificate of Deposit**


Indian Bank IND A1+ 4.66%

Bank of India CRISIL A1+ 4.66%

Oriental Bank of Commerce CRISIL A1+ 2.33%

The Federal Bank Ltd. CRISIL A1+ 2.33%

IDFC First Bank Ltd. [ICRA]A1+ 1.94%



Canara Bank CRISIL A1+ 0.08%

Total 24.31%

Commercial Paper**

Indian Oil Corporation Ltd. CRISIL A1+ 6.20%National Bank for Agriculture and Rural Development CRISIL A1+ 6.14%

L&T Finance Ltd. [ICRA]A1+ 5.44%

Aditya Birla Finance Ltd. [ICRA]A1+ 5.43%

Reliance Jio Infocomm Ltd. CRISIL A1+ 5.42%

India Infoline Finance Ltd. CRISIL A1+ 3.87%

Larsen & Toubro Ltd. CRISIL A1+ 3.18%Aditya Birla Housing Finance Ltd.

[ICRA]A1+ 3.10%

NTPC Ltd. [ICRA]A1+ 3.10%Motilal Oswal Financial Services Ltd. [ICRA]A1+ 3.08%

Bajaj Housing Finance Ltd. IND A1+ 3.02%

Piramal Enterprises Ltd. [ICRA]A1+ 2.33%

Reliance Retail Ltd. CRISIL A1+ 2.33%Motilal Oswal Financial Services Ltd. CRISIL A1+ 2.32%

IIFL Facilities Services Ltd. CRISIL A1+ 2.32%

L&T Housing Finance Ltd. [ICRA]A1+ 2.31%


% to NetAssets

PNB Housing Finance Ltd. CRISIL A1+ 2.31%ICICI Home Finance Company Ltd. [ICRA]A1+ 1.55%

IIFL Home Finance Ltd. [ICRA]A1+ 1.54%

Bajaj Finance Ltd. CRISIL A1+ 1.53%

Total 66.52%

Short Term Deposits

Equitas Small Finance Bank Ltd. 3.11%

AU Small Finance Bank Ltd. 2.33%

Ujjivan Small Finance Bank Ltd. 2.33%

Equitas Small Finance Bank Ltd. 0.90%

Total 8.67%

Unlisted

IIFL Wealth Finance Ltd. [ICRA]AA 0.33%

Total 0.33%


Total 0.08%



Total 0.09%

Grand Total 100.00%

0.17%

0.33%

7.68%

8.67%

31.37%

51.78%


[ICRA]AA

IND A1+

Unrated

[ICRA]A1+

CRISIL A1+

31 May, 2019

20

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

Benchmark

SIP (Minimum)

Plans & Option

Minimum Investment

Load Structure

Fund Manager

CRISIL Overnight Index


RegulaR and diRect

The scheme will have two plans thereunder viz. Regular Plan and Direct Plan.

The Direct Plan is meant for direct investments, i.e. for investors who purchase/subscribe to the units of the scheme directly with the Fund and is not available for investors who route their investments through a distributor, while the Regular Plan is meant for investors who route their investments through distributors only.

Both Plans will have a common portfolio but the Direct Plan will have a lower expense ratio on account of absence of brokerage and commission. Hence, both Plans will have distinct NAVs.

Each of the Plans will have the following options:

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

B. Dividend Option

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

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

Entry Load: NA

Exit Load: NIL

Mr. Alok Sahoo


Ms. Hetal Shah


Date of InceptionApril 25, 2019

Average Maturity (Days) 3 Days




AAUM & AUM

AAUM 16.03 Crs

AUM 4.11 Crs

Regular 0.15%

Direct 0.10%

Total Expense Ratio

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

Portfolio

Name of Instruments% to Net

Assets


Total 99.14%



Total 0.86%

Grand Total 100.00%

Riskometer


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

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


Plan A `

Growth 1006.0091



Plan B - Direct `

Growth 1006.0602




31 May, 2019

21

Investment Performance

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

Date Of Inception: 12/09/20031 Year 3 Years 5 Years

Since InceptionScheme Name & Benchmark

Baroda Multi Cap Fund (formerly known as Baroda Pioneer Growth Fund) (in %)^ 1.92 10.25 10.07 15.82

S&P BSE 200 TRI (Scheme Benchmark) (in %)* 8.41 14.59 12.54 16.14

Nifty 50 (Standard Benchmark) (in %)$ 12.43 14.99 11.92 16.22

` 10,000, if invested in BPMCF, would have become ` 10,192 ` 13,403 ` 16,163 ` 100,680

` 10,000, if invested in S&P BSE 200 TRI, would have become ` 10,841 ` 15,046 ` 18,064 ` 105,173

` 10,000, if invested in Nifty 50 TRI, would have become ` 11,243 ` 15,203 ` 17,571 ` 106,386^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of May has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. * with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI). As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 12 Sep 2003 to 29 June 2007, and TRI values since 29 June 2007.



Baroda ELSS’ 96 Fund (in %)^ -3.66 8.62 8.88 12.03

S&P BSE 200 TRI (Scheme Benchmark) (in %)* 8.41 14.59 12.54 13.04


` 10,000, if invested in BPELSS’96F, would have become ` 9,634 ` 12,816 ` 15,310 ` 139,085

` 10,000, if invested in S&P BSE 200 TRI, would have become ` 10,841 ` 15,046 ` 18,064 ` 171,382

` 10,000, if invested in Nifty 50 TRI, would have become ` 11,243 ` 15,203 ` 17,571 ` 168,208^Past performance may or may not be sustained in the future.Data is for Dividend Option. Plan A and Plan B (Direct) have different expense structures. The last working day of May has been considered in all cases. Returns have been computed assuming that all payouts during the period have been reinvested in the units of the Scheme at the respective prevailing NAVs. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. * with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI). As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 31 Mar 1996 to 29 June 2007, and TRI values since 29 June 2007.



Baroda Hybrid Equity Fund (formerly known as Baroda Pioneer Balance Fund) (in %)^ 0.87 9.33 8.92 11.66

CRISIL Hybrid 35+65 - Aggressive index& (Scheme Benchmark) (in %) 9.42 12.42 11.51 13.36


` 10,000, if invested in BPHEF, would have become ` 10,087 ` 13,069 ` 15,339 ` 56,630

` 10,000, if invested in CRISIL Hybrid 35+65 - Aggressive index (effective February 1, 2018), would have become ` 10,942 ` 14,208 ` 17,253 ` 71,813

` 10,000, if invested in Nifty 50 TRI, would have become ` 11,243 ` 15,203 ` 17,571 ` 106,386^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of May has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015.&(Benchmark has been renamed effective February 1, 2018). The equity component of the index has been changed from Nifty 50 to S&P BSE 200. The index will be total return index in the equity component from August 1, 2016 while the debt component will be total return since inception. Price return of S&P BSE 200 (equity component) will be used for computing index values prior to August 1, 2016. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).



Baroda Mid-Cap Fund (in %)^ -6.26 11.76 1.49 -1.05

S&P BSE MidCap TRI (Scheme Benchmark)& (in %) -4.79 11.05 13.54 8.57


` 10,000, if invested in BPMCF, would have become ` 9,374 ` 13,960 ` 10,767 ` 9,130

` 10,000, if invested in S&P BSE MidCap TRI, would have become ` 9,521 ` 13,694 ` 18,882 ` 20,386

` 10,000, if invested in Nifty 50 TRI, would have become ` 11,243 ` 15,203 ` 17,571 ` 21,489^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of May has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme with Mr. Dipak Acharya effective October 3, 2016. &(Scheme Benchmark has been changed to S&B BSE Mid-cap Index effective October 3, 2016)Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).



Baroda Large Cap Fund (in %)^ 9.13 12.73 7.55 4.59

Nifty 100 TRI (Scheme Benchmark)& (in %) 10.03 14.91 12.32 11.08


` 10,000, if invested in BPLCF, would have become ` 10,913 ` 14,324 ` 14,393 ` 14,940

` 10,000, if invested in Nifty 100 TRI, would have become ` 11,003 ` 15,171 ` 17,888 ` 25,591

` 10,000, if invested in Nifty 50 TRI, would have become ` 11,243 ` 15,203 ` 17,571 ` 24,980^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of May has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme with Mr. Dipak Acharya effective October 3, 2016. &(Scheme Benchmark has been changed to Nifty 100 effective October 3, 2016)Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).

22




Baroda Banking and Financial Services Fund (in %)^ 12.22 16.92 12.94 13.72

Nifty Bank Index TRI (Scheme Benchmark) (in %) 16.61 22.01 17.03 18.72


` 10,000, if invested in BPBFSF, would have become ` 11,222 ` 15,982 ` 18,389 ` 24,420

` 10,000, if invested in Nifty Bank Index TRI, would have become ` 11,661 ` 18,162 ` 21,967 ` 32,905

` 10,000, if invested in Nifty 50 TRI, would have become ` 11,243 ` 15,203 ` 17,571 ` 25,211^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of May has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. &Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).



Baroda Short Term Bond Fund (in %)^ 8.50 8.13 8.43 8.17

CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 9.24 7.64 8.25 8.19

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 7.86 6.79 7.31 6.97

` 10,000, if invested in BPSTBF, would have become ` 10,850 ` 12,644 ` 14,997 ` 20,151

` 10,000, if invested in CRISIL Short Term Bond Fund Index, would have become ` 10,924 ` 12,470 ` 14,874 ` 20,180

` 10,000, if invested in CRISIL 1 year T-Bill, would have become ` 10,786 ` 12,180 ` 14,238 ` 18,237^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of May has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. &Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.



Baroda Liquid Fund (in %)^ 7.57 7.16 7.71 7.77

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 7.73 7.19 7.65 7.46


` 10,000, if invested in BPLF, would have become ` 10,757 ` 12,305 ` 14,502 ` 21,643

` 10,000, if invested in CRISIL Liquid Fund Index, would have become ` 10,773 ` 12,316 ` 14,465 ` 21,009

` 10,000, if invested in CRISIL 1 year T-Bill, would have become ` 10,786 ` 12,180 ` 14,238 ` 18,864^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of May has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of ̀ 1000 invested at inception. &Standard benchmark as prescribed by SEBI for comparison purposes. Returns on ̀ 10,000 are point-to-point returns for the specific time period, invested at the start of the period.



Baroda Treasury Advantage Fund (in %)^ 5.78 7.09 7.91 8.09

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 7.73 7.19 7.65 7.49


` 10,000, if invested in BPTAF, would have become ` 10,578 ` 12,283 ` 14,637 ` 21,668

` 10,000, if invested in CRISIL Liquid Fund Index, would have become ` 10,773 ` 12,316 ` 14,465 ` 20,502

` 10,000, if invested CRISIL 1 year T-Bill, would have become ` 10,786 ` 12,180 ` 14,238 ` 18,612^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of May has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of ̀ 1000 invested at inception. &Standard benchmark as prescribed by SEBI for comparison purposes. Returns on ̀ 10,000 are point-to-point returns for the specific time period, invested at the start of the period.



Baroda Dynamic Bond Fund (in %)^ 6.97 7.10 8.58 8.35

CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 10.68 7.95 8.98 8.58


` 10,000, if invested in BPDBF, would have become ` 10,697 ` 12,284 ` 15,095 ` 17,419

` 10,000, if invested in CRISIL Composite Bond Fund Index, would have become ` 11,068 ` 12,579 ` 15,377 ` 17,674

` 110,000, if invested CRISIL 1 year T-Bill, would have become ` 10,786 ` 12,180 ` 14,238 ` 16,211^Past performance may or may not be sustained in the future.Data is for for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of May has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. &Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.

Funds Managed by Mr. Dipak Acharya

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

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

23


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


Baroda Credit Risk Fund (formerly known as Baroda Pioneer Credit Opportunities Fund) (in %)^ 6.22 7.83 8.61

CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 9.24 7.64 7.92

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 7.86 6.79 7.10

` 10,000, if invested in BPCRF, would have become ` 10,622 ` 12,536 ` 14,328

` 10,000, if invested in CRISIL Short Term Bond Fund Index, would have become ` 10,924 ` 12,470 ` 13,935

` 10,000, if invested CRISIL 1 year T-Bill, would have become ` 10,786 ` 12,180 ` 13,482^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of May has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. The Scheme has been in existence for 3 years but less than 5 years. Mr. Karn Kumar is managing the scheme along with Mr. Alok Sahoo since July 24, 2017.



Baroda Conservative Hybrid Fund (formerly known as Baroda Pioneer Monthly Income Plan (MIP) Fund) (in %)^ 11.10 7.86 8.09 6.28

CRISIL Hybrid 85+15 - Conservative Index& (Scheme Benchmark) (in %) 10.46 9.03 9.63 8.62

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ 12.20 6.75 8.23 5.99

` 10,000, if invested in BPCHF, would have become ` 11,110 ` 12,549 ` 14,762 ` 24,549

` 10,000, if invested in CRISIL Hybrid 85+15 - Conservative Index, would have become ` 11,046 ` 12,960 ` 15,845 ` 33,822

` 10,000, if invested in CRISIL 10 Year Gilt Index, would have become ` 11,220 ` 12,165 ` 14,859 ` 23,551^Past performance may or may not be sustained in the future.Data is for for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of May has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. &(Benchmark has been renamed effective February 1, 2018). The equity component of the index has been changed from Nifty 50 to S&P BSE 200. The index will be total return index in the equity component from August 1, 2016 while the debt component will be total return since inception. Price return of S&P BSE 200 (equity component) will be used for computing index values prior to August 1, 2016.



Baroda Gilt Fund (in %)^ 10.99 7.01 8.25 6.41

I-Sec Mi-BEX (Scheme Benchmark) (in %) 12.04 8.32 9.37 7.82

CRISIL 10 Year Gilt Index (Standard Benchmark)$ 12.20 6.75 8.23 6.61

` 10,000, if invested in BPGF, would have become ` 11,099 ` 12,255 ` 14,872 ` 29,141

` 10,000, if invested in I-Sec Mi-BEX, would have become ` 11,204 ` 12,709 ` 15,656 ` 36,548

` 10,000, if invested in CRISIL 10 Year Gilt Index, would have become ` 11,220 ` 12,165 ` 14,859 ` 30,073^Past performance may or may not be sustained in the future.Data is for for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of May has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.

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

Funds Managed by Ms. Hetal Shah

Disclaimers: Nifty Bank Index and Nifty 100: Baroda Large Cap Fund and Baroda Banking and Financial Services Fund (“said Schemes”) offered by Baroda Mutual Fund are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Schemes or any member of the public regarding the advisability of investing in securities generally or in the said Schemes linked to Nifty 100 and Nifty Bank Index or particularly in the ability of the Nifty Bank Index to track general stock market performance in India. Please read the full disclaimers in relation to the Nifty 100 and Nifty Bank Index in the Offer Document / Prospectus / Information Statement.

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

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

*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.

24

SIP Returns

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

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

Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 1,890,000Total Value as on May 31, 2019 (Rs) 127,039 395,913 723,711 1,223,179 1,978,120 5,345,968Returns (%) 11.11 6.29 7.44 10.56 9.66 12.15Total Value of S&P BSE 200 TRI* (Rs) 127,812 429,976 805,409 1,359,178 2,296,415 5,982,917S&P BSE 200 TRI* Returns (%) 12.35 11.91 11.74 13.52 12.47 13.38Total Value of Nifty 50 TRI (Rs) 130,341 444,324 818,129 1,347,312 2,260,885 5,899,054Nifty 50 Returns (%) 16.44 14.19 12.37 13.27 12.18 13.23* with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI). As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 12 Sep 2003 to 29 June 2007, and TRI values since 29 June 2007.

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

Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 2,790,000Total Value as on May 31, 2019 (Rs) 122,982 378,462 687,455 1,167,748 1,923,223 14,925,849Returns (%) 4.66 3.28 5.39 9.26 9.13 12.55Total Values of S&P BSE 200 TRI* (Rs) 127,812 429,976 805,409 1,359,178 2,296,415 19,911,921S&P BSE 200 TRI* Returns (%) 12.35 11.91 11.74 13.52 12.47 14.51Total Value of Nifty 50 TRI (Rs) 130,341 444,324 818,129 1,347,312 2,260,885 18,812,509Nifty 50 Returns (%) 16.44 14.19 12.37 13.27 12.18 14.13* with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI). As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 12 Sep 2003 to 29 June 2007, and TRI values since 29 June 2007.

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

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

Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 1,890,000Total Value as on May 31, 2019 (Rs) 124,358 392,101 718,860 1,176,400 1,940,989 4,154,561Returns (%) 6.84 5.64 7.17 9.47 9.30 9.34Total Values of CRISIL Hybrid 35+65 – Aggressive Index (Rs) 128,000 421,223 783,944 1,283,872 2,151,940 5,139,729CRISIL Hybrid 35+65 – Aggressive Index (%) 12.65 10.49 10.65 11.92 11.25 11.71Total Value of Nifty 50 TRI (Rs) 130,341 444,324 818,129 1,347,312 2,260,885 5,899,361

Nifty 50 Returns (%) 16.44 14.19 12.37 13.27 12.18 13.23

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

Baroda Mid-Cap Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception

Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 NA 1,040,000Total Value as on May 31, 2019 (Rs) 121,888 380,074 653,688 991,392 NA 1,216,384Returns (%) 2.94 3.56 3.39 4.67 NA 3.56Total Values of S&P BSE MidCap TRI^^ (Rs) 118,998 376,304 742,254 1,358,198 NA 1,860,503S&P BSE MidCap TRI ^^ Returns (%) -1.55 2.90 8.45 13.50 NA 13.02Total Value of Nifty 50 TRI (Rs) 130,341 444,324 818,129 1,347,312 NA 1,830,196Nifty 50 Returns (%) 16.44 14.19 12.37 13.27 NA 12.66^^Scheme benchmark has been changed to S&P BSE Mid-cap index effective October 3, 2016.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).

Baroda Large Cap Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception

Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 NA 1,080,000Total Value as on May 31, 2019 (Rs) 128,782 409,898 732,804 1,224,718 NA 1,631,320Returns (%) 13.91 8.63 7.94 10.60 NA 8.92Total Values of Nifty 100 TRI^^ (Rs) 128,835 436,081 811,642 1,357,149 NA 1,956,969Nifty 100 TRI ^^ Returns (%) 14.00 12.88 12.05 13.48 NA 12.78Total Value of Nifty 50 TRI (Rs) 130,341 444,324 818,129 1,347,312 NA 1,929,133Nifty 50 Returns (%) 16.44 14.19 12.37 13.27 NA 12.48^^Scheme benchmark has been changed to Nifty 100 effective October 3, 2016.Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).

Baroda Banking and Financial Services Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception

Total Amount Invested (Rs) 120,000 360,000 600,000 NA NA 840,000Total Value as on May 31, 2019 (Rs) 137,191 450,625 844,419 NA NA 1,409,437Returns (%) 27.74 15.17 13.65 NA NA 14.54Total Value of Nifty Bank Index TRI (Rs) 138,400 487,132 940,160 NA NA 1,644,759Nifty Bank Index TRI Returns (%) 29.77 20.71 18.03 NA NA 18.88Total Value of Nifty 50 TRI (Rs) 130,341 444,324 818,129 NA NA 1,345,646Nifty 50 Returns (%) 16.44 14.19 12.37 NA NA 13.24

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

Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 1,770,000Total Value as on May 31, 2019 (Rs) 129,571 406,134 727,511 1,124,725 1,810,667 3,035,272Returns (%) 15.20 8.01 7.65 8.21 7.98 6.96Total Value of CRISIL Hybrid 85+15 - Conservative Index (Rs) 128,061 407,295 747,485 1,169,342 1,918,487 3,514,249CRISIL Hybrid 85+15 - Conservative Index (%) 12.76 8.20 8.74 9.30 9.08 8.76Total Value of CRISIL 10 Year Gilt Index Returns (Rs) 129,076 397,239 718,890 1,089,041 1,724,169 2,986,336CRISIL 10 Year Gilt Index Returns (%) 14.40 6.51 7.17 7.31 7.05 6.75^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.

25

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

Baroda Multi Cap Fund (formerly known as Baroda Pioneer Growth Fund) - Plan A - Dividend22-Mar-19 30.20 2.8016-Mar-18 37.10 3.5023-Mar-17 35.86 2.50 Baroda Multi Cap Fund (formerly known as Baroda Pioneer Growth Fund) - Plan B - Direct - Dividend22-Mar-19 30.33 2.8016-Mar-18 36.88 3.5023-Mar-17 35.33 2.50 Baroda ELSS 96 - Plan A - Dividend22-Mar-19 26.45 1.5516-Mar-18 32.86 3.2523-Mar-17 32.07 2.50 Baroda ELSS 96 - Plan B - Direct - Dividend22-Mar-19 32.18 1.5516-Mar-18 38.61 3.2523-Mar-17 36.88 2.50 Baroda Large Cap Fund - Plan A - Dividend22-Mar-19 11.22 0.95Baroda Large Cap Fund - Plan B - Direct - Dividend22-Mar-19 11.82 0.95Baroda Banking and Financial Services Fund - Plan A - Dividend22-Mar-19 15.23 1.8516-Mar-18 17.11 1.75Baroda Banking and Financial Services Fund - Plan B - Direct - Dividend22-Mar-19 16.23 1.8516-Mar-18 17.89 1.75Baroda Hybrid Equity Fund (formerly known as Baroda Pioneer Balance Fund) - Plan A - Dividend22-Mar-19 15.87 0.3326-Dec-18 15.76 0.35 26-Sep-18 16.31 0.40Baroda Hybrid Equity Fund (formerly known as Baroda Pioneer Balance Fund) - Plan B - Direct - Dividend22-Mar-19 17.89 0.3326-Dec-18 17.68 0.35 26-Sep-18 18.19 0.40Baroda Conservative Hybrid Fund (formerly known as Baroda Pioneer MIP Fund) - Plan A - Monthly Dividend27-May-19 13.7036 0.0726-Apr-19 13.3909 0.0727-Mar-19 13.3950 0.07Baroda Conservative Hybrid Fund (formerly known as Baroda Pioneer MIP Fund) - Plan B - Direct - Monthly Dividend27-May-19 14.2917 0.0726-Apr-19 13.9557 0.0727-Mar-19 13.9488 0.07Baroda Conservative Hybrid Fund (formerly known as Baroda Pioneer MIP Fund) - Plan A - Quarterly Dividend22-Mar-19 12.9263 0.2026-Dec-18 12.9837 0.20 26-Sep-18 12.5144 0.20Baroda Conservative Hybrid Fund (formerly known as Baroda Pioneer MIP Fund) - Plan B - Direct - Quarterly Dividend02-Jul-18 13.1754 0.2016-Mar-18 13.5264 0.2029-Dec-17 13.6800 0.20 Baroda Credit Risk Fund (formerly known as Credit Opportunities Pioneer Fund) - Plan A - Quarterly Dividend22-Mar-19 10.3839 0.2126-Dec-18 10.4466 0.21 26-Sep-18 10.4143 0.21Baroda Credit Risk Fund (formerly known as Baroda Pioneer Credit Opportunities Fund) - Plan B - Direct - Quarterly Dividend22-Mar-19 10.9181 0.2426-Dec-18 10.9790 0.21 26-Sep-18 10.9089 0.21

Record Date Ex-Dividend NAV (Rs) Per Unit$ (Rs)Baroda Credit Risk Fund (formerly known as Baroda Pioneer Credit Opportunities Fund) - Plan A - Monthly Dividend27-May-19 10.4457 0.0726-Apr-19 10.5014 0.0727-Feb-19 10.5029 0.07 Baroda Credit Risk Fund (formerly known as Baroda Pioneer Credit Opportunities Fund) - Plan B - Direct - Monthly Dividend27-May-19 11.0909 0.0726-Apr-19 11.1394 0.0727-Mar-19 11.1562 0.07Baroda Dynamic Bond Fund - Plan A - Dividend16-Mar-18 13.3863 1.0027-Jun-16 12.1528 0.40 22-Mar-16 12.5843 0.70 Baroda Dynamic Bond Fund - Plan B - Direct - Dividend16-Mar-18 14.0540 1.0027-Jun-16 12.5981 0.40 22-Mar-16 13.0024 0.70 Baroda Gilt Fund - Plan A - Dividend16-Mar-18 20.1217 1.5024-Jun-16 19.4927 1.20 22-Mar-16 20.3147 1.20 Baroda Gilt Fund - Plan B - Direct - Dividend21-Mar-14 16.5462 2.70 Baroda Liquid Fund - Plan A - Dividend04-Mar-05 1016.27 35.0006-Jan-04 1004.32 95.0013-May-02 1002.43 7.50Baroda Short Term Bond Fund - Plan A - Monthly Dividend27-May-19 10.0610 0.0926-Apr-19 10.0352 0.0527-Mar-19 10.0355 0.08Baroda Short Term Bond Fund - Plan B - Direct - Monthly Dividend27-May-19 10.0374 0.0926-Apr-19 10.0121 0.0627-Mar-19 10.0119 0.08Baroda Short Term Bond Fund - Plan A - Quaterly Dividend22-Mar-19 10.1778 0.1726-Dec-18 10.1707 0.17 Baroda Short Term Bond Fund - Plan B - Direct - Quaterly Dividend22-Mar-19 10.2665 0.1826-Dec-18 10.2530 0.17 Baroda Treasury Advantage Fund Reg - Monthly Dividend26-Apr-19 1001.01 3.4727-Mar-19 1000.99 8.8027-Feb-19 1000.40 1.48 Baroda Treasury Advantage Fund - Plan A - Monthly Dividend26-Apr-19 1001.01 3.4727-Mar-19 1000.99 8.8027-Feb-19 1000.40 1.48 Baroda Treasury Advantage Fund - Plan B - Direct - Monthly Dividend26-Apr-19 1001.05 3.7327-Mar-19 1001.01 9.0327-Feb-19 1000.42 1.74 Baroda Treasury Advantage Fund Reg - Quarterly Dividend27-Jun-14 1006.66 23.3821-Mar-14 1011.22 7.7924-Jun-16 1036.72 14.45Baroda Treasury Advantage Fund - Plan A - Quarterly Dividend22-Mar-19 1028.09 17.0026-Dec-18 1029.11 17.00 26-Sep-18 1035.45 17.00Baroda Treasury Advantage Fund - Plan B - Direct - Quarterly Dividend22-Mar-19 1039.25 18.0026-Dec-18 1040.36 17.00 26-Sep-18 1025.18 17.00

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

Dividend History

26

Karvy Fintech Private LimitedAddress and Contact details MFS Branches

• Agartala: Bidurkarta Chowmuhani, J.N. Bari Road, Tripura (West), Agartala 799 001 Tel: 0381-2317519 Email: [email protected] • Agra: 1st Floor, Deepak Wasan Plaza, Behind Holiday Inn, Sanjay Place, Agra 282 002 Tel: 7518801801 Email: [email protected] • Ahmedabad: 201/202 Shail Complex, Opp Madhusudan House, B/H Girish Cold Drink, Off C.G. Road, Navrangpura, Ahmedabad 380 006 Tel: 9081903021 Email: [email protected] • Ajmer: 302, 3rd Floor, Ajmer Auto Building, Opposite City Power House, Jaipur Road, Ajmer 305 001 Tel: 0145-5120725 Email: [email protected] •Akola: Yamuna Tarang Complex, Shop No.30, Ground Floor, N.H. No.06, urtizapur Road, Opp Radhakrishna Talkies, Akola 444 004. Tel: 0724-2451874 Email: [email protected] • Aligarh: 1st Floor, Kumar Plaza, Ramghat Road, Aligarh 202 001 Tel: 7518801802 Email: [email protected] • Allahabad: Rsa Towers, 2nd Floor, Above Sony TV Showroom, 57, S.P. Marg, Civil Lines, Allahabad 211 001 Tel: 7518801803 Email: [email protected] • Alleppy: 1st Floor, JP Towers, Mullackal, KSRTC Bus Stand, Alleppy 688 011 Tel: 0477 2263055 Email: [email protected] • Alwar: 101, Saurabh Tower, Opp. Uit, Near Bhagat Singh Circle, Road No.2, Alwar 301 001 Tel: 0144-2335550 / 0144-2335551 Email: [email protected] • Amaravathi: Shop No.21, 2nd Floor, Gulshan Tower, Near Panchsheel Talkies, Jaistambh Square, Amaravathi 444 601 Tel: 0721 2569198 Email: [email protected] • Ambala: 6349, Nicholson Road, Adjacent Kos Hospital, Ambala Cantt, Ambala 133 001 Tel: 7518801804 Email: [email protected] • Amritsar: 72-A,Taylor’s Road, Opp Aga Heritage Club, Amritsar 143 001 Tel: 0183-5053802 Email: [email protected] • Anand: B-42 Vaibhav Commercial Center, Near TVS Down Town Show Room, Grid Char Rasta, Anand 380 001 Tel: 9081903038 Email: [email protected] • Ananthapur: #15/149,1st Floor, S R Towers, Subash Road, Opp. Lalitha Kala Parishad, Anantapur 515 001 Tel: 08554-244449 Email: [email protected] • Ankleshwar: L/2 Keval Shopping Center, National Highway, Ankleshwar 393 002 Tel: 9081903037 Email: [email protected] • Asansol: 114/71, G.T. Road, Bhanga Panchil, Near Nokia Care, Asansol 713 303 Tel: 0341-2220077 Email: [email protected] •Aurangabad: Ramkunj Niwas, Railway Station Road, Near Osmanpura Circle, Aurangabad 431005 Tel: 0240-2343414 Email: [email protected] • Azamgarh: 1st Floor, Alkal Building, Opp. Nagaripalika Civil Line, Azamgarh 276 001 Tel: 05462-247947 / 7518801805 Email: [email protected] • Balasore: M.S. Das Street, Gopalgaon, Orissa, Balasore 756 001 Tel: 06782-260503 Email: [email protected] • Bangalore: 59, Skanda Puttanna Road, Basavanagudi, Bangalore 560 004 Tel: 080-26602852 Email: [email protected] • Bankura: Ambika Market Complex (Ground Floor), Nutanganj, Post & Dist Bankura, Bankura 722 101 Tel: 03242-255964 Email: [email protected] • Bareilly: 1st Floor, Rear Side, A-Square Building, 154-A Civil Lines, Opp. D.M. Residence, Station Road, Bareilly 243 001. Tel: 7518801806 Email: [email protected] • Barhampore (WB): Thakur Market Complex, Gorabazar, Post Berhampore, Dist Murshidabad, No.72 Nayasarak Road, Barhampore (WB) 742 101 Tel: 0348- 2274494 / 0348-2254745 / 2309237 Email: [email protected] • Baroda: 203, Corner Point, Jetalpur Road, Baroda 390 007, Gujarat Tel: 0265-2353506/07 Email: [email protected] • Begusarai: Near Hotel Diamond, Surbhi Complex, O.C. Township Gate, Kapasiya Chowk, Begusarai 851 117 Tel: 7518801807 Email: [email protected] • Belgaum: CTS No.3939/A2 A1, Above Raymond’s Show Room, Beside Harsha Appliances, Club Road, Belgaum 590 001 Tel: 0831 2402544 Email: [email protected] • Bellary: Shree Gayathri Towers, #4, 1st Floor, K.H.B.Colony, Gopalaswamy Mudaliar Road, Gandhi Nagar, Bellary 583 103 Tel: 08392-254750 Email: [email protected] • Berhampur (OR): Divya Nandan Kalyan Mandap, 3rd Lane, Dharam Nagar, Near Lohiya Motor, Berhampur (Or) 760 001 Tel: 0680-2228106 Email: [email protected] • Betul: 107,1st Floor, Hotel Utkarsh, J.H. College Road, Betul 460 001 Tel: 07141-231301 Email: [email protected] • Bhagalpur: 2nd Floor, Chandralok Complex, Ghantaghar, Radha Rani Sinha Road, Bhagalpur 812 001 Tel: 7518801808 Email: [email protected] • Bharuch: Shop No.147-148, Aditya Complex, Near Kasak Circle, Bharuch 392 001 Tel: 9081903042 Email: [email protected] • Bhatinda: #2047-A, 2nd Floor, The Mall Road, Above Max New York Life Insurance, Bhatinda 151 001 Tel: 0164- 5006725 Email: [email protected] • Bhavnagar: 303, Sterling Point, Waghwadi Road Bhavnagar 364 001 Tel: 278-3003149 Email: [email protected] • Bhilai: Shop No.1, First Floor, Plot No.1,Commercial Complex, Nehru Nagar - East, Bhilai 490 020 Tel: 0788-2289499 / 2295332 Email: [email protected] • Bhilwara: Shop No. 27-28, 1st Floor, Heera Panna Market, Pur Road, Bhilwara 311 001 Tel: 01482-246362 / 246364 Email: [email protected] • Bhopal: Kay Kay Business Centre,133, Zone I, MP Nagar, Above City Bank, Bhopal 462 011 Tel: 0755-4092712 / 0755-4092715 Email: [email protected] • Bhubaneswar: A/181, Behind Shivam Honda Show Room, Saheed Nagar, Bhubaneswar 751 007 Tel: 0674-2548981 / 0674-2360334 Email: [email protected] • Bikaner: 70-71, 2nd Floor, Dr. Chahar Building, Panchsati Circle, Sadul Ganj, Bikaner 334 003 Tel: 0151-2200014 Email: [email protected] • Bilaspur: Shop Nos.225, 226 & 227, 2nd Floor, Narayan Plaza, Link Road, Bilaspur 495 001 Tel: 07752-470070 Email: [email protected] • Bokaro: B-1, 1st Floor, City Centre, Sector - 4, Near Sona Chandi Jewellers, Bokaro 827 004 Tel: 7542979444 / 06542-335616 Email: [email protected] • Burdwan: 63 G.T. Road, Halder Complex, 1st Floor, Burdwan 713 101 Tel: 0342-2665140 Email: [email protected] • Calicut: 2nd Floor, Soubhagya hopping Complex, Arayidathpalam, Mavoor Road, Calicut 673 004 Tel: 0495-4022480 Email: [email protected] • Chandigarh: SCO - 2423-2424, Above Mirchi Restaurant, New Aroma Hotel, First Floor, Sector 22-C, Chandigarh 160 022 Tel: 0172-5101342 Email: [email protected] • Chandrapur: Shop No.6, Office No.2, 1st Floor, Rauts aghuvanshi Complex, Beside Azad Garden, Main Road, Chandrapur 442 402 Tel: 07172-270262 / 07172-277584 Email: [email protected] • Chennai: F-11, Akshaya Plaza, 1st Floor,108 Adhithanar Salai, Egmore, Opp Chief Metropolitan Court, Chennai 600 002 Tel: 044-42028512 / 044-42028513 / 044-42028858 / Fax: 044-42028514 Email: [email protected] • Chinsura: J.C. Ghosh Saranu, Bhanga Gara, Chinsurah, Hooghly, Chinsurah 712 101 Tel: 033-26810164 Email: [email protected] • Cochin: Ali Arcade, 1st Floor, Kizhavana Road, Panampilly Nagar, Near Atlantis Junction, Ernakulam 682 036 Tel: 0484 - 4025059 Email: [email protected] • Coimbatore: 3rd Floor, Jaya Enclave, 1057 Avinashi Road, Coimbatore 641 018 Tel: 0422 – 4388011/12/13/14 / 0422 - 4388451 Email: [email protected] • Cuttack: Opp Dargha Bazar Police Station, Dargha Bazar, PO - Buxi Bazar, Cuttack 753 001 Tel: 0671-220 30 77 Email: [email protected] • Darbhanga: Jaya Complex, 2nd Floor, Above Furniture Planet, Donar Chowk, Darbhanga 846 003 Tel: 7518801809 Email: [email protected] • Davangere: D.No.376/2, 4th Main, 8th Cross, P.J. Extension, Opp Byadgishettar School, Davangere 577 002 Tel: 0819-2258714 Email: [email protected] • Dehradun: Kaulagarh Road, Near Sirmaur Marg, Above Reliance Webworld, Dehradun 248 001 Tel: 7518801810 Email: [email protected] • Deoria: 1st Floor, Shanti Niketan, Opp. Zila Panchayat, Civil Lines, Deoria 274 001 Tel: 7518801811 Email: [email protected] • Dewas: 27 RMO House, Station Road, Above Maa Chamunda Gas Agency, Dewas 455 001 Tel: 07272-426010 Email: [email protected] • Dhanbad: 208 New Market, 2nd Floor, Bank More, Dhanbad 826 001 Tel: 9264445981 Email: [email protected] • Dharwad: 307/9-A 1st Floor, Nagarkar Colony, Elite Business Center, P B Road, Dharwad 580 001 Tel: 0836- 2744207 Email: [email protected] • Dhule: Ground Floor, Ideal Laundry, Lane No.4, Khol Galli, Near Muthoot Finance, Opp Bhavasar General Store, Dhule 424 001 Tel: 02562-282823 Email: [email protected] • Dindigul: No.9 Old, No:4/B New Agraharam, Palani Road, Dindigul 624 001 Tel: 0451- 2436177 Email: [email protected] • Durgapur: MWAV-16 Bengal Ambuja, 2nd Floor, City Centre, Dist Burdwan, Durgapur 713 216 Tel: 0343-6512111 Email: [email protected] • Eluru: DNO-23A-7-72/73, KKS Plaza, Munukutla Vari Street, Opp Andhra Hospitals, RR Peta, Eluru 534 002 Tel: 08812-227851 / 52 / 53 / 54 / 9959152347 Email: [email protected] • Erode: No: 4, Veerappan Traders Complex, KMY Salai, Sathy Road, Opp. Erode Bus Stand, Erode 638 003 Tel: 0424-4021212 Email: [email protected] • Faridabad: A-2B, 3rd Floor, Neelam Bata Road, Peer Ki Mazar, Nehru Groundnit, Faridabad 121 001 Tel: 7518801812 Email: [email protected] • Ferozpur: The Mall Road, Chawla Building, Ist Floor, Opp. Central Jail, Near Hanuman Mandir, Ferozepur 152 002 Tel: 01632-241814 Email: [email protected] • andhidham: Shop # 12, Shree Ambica Arcade, Plot # 300, Ward 12. Opp. CG High School, Near HDFC Bank, Gandhidham 370 201 Tel: 9081903027 Email: [email protected] • Gandhinagar: 123, First Floor, Megh Malhar Complex, Opp. Vijay Petrol Pump, Sector - 11, Gandhinagar 382 011 Tel: 079 23244955 Email: [email protected] • Gaya: 54 Lal Kothi Compound, Shree Krishna Road, 2nd Floor, North Side, Near Royal Surya Hotel, Gaya 823 001 Tel: 0631-2220065 Email: [email protected] • Ghaziabad: 1st Floor, C-7, Lohia Nagar, Ghaziabad 201 001 Tel: 7518801813 Email: [email protected] • Ghazipur: 2nd Floor, Shubhra Hotel Complex, Mahaubagh, Ghazipur 233 001 Tel: 7518801814 Email: [email protected] • Gonda: Shri Market, Sahabgunj, Station Road, Gonda 271 001 Tel: 7518801815 / 9453961547 Email: [email protected] • Gorakhpur: Above V.I.P. House Adjacent, A.D. Girls College, Bank Road, Gorakpur, 273001 Tel: 7518801816 / 8081127735 Email: [email protected] • Gulbarga: CTS No.2913, 1st Floor, Asian Towers, Jagath Station Main Road, Next To Adithya Hotel, Gulbarga 585 105 Tel: 8088934338 Email: [email protected] • Guntur: D.No.6-10-27, Srinilayam, Arundelpet,10/1, Guntur 522 002 Tel: 0863-2339094 Email: [email protected] • Gurgaon: Shop No.18, Ground Floor, Sector - 14, Opp. AKD Tower, Near Huda Office, Gurgaon 122 001 Tel: 7518801817 Email: [email protected] • Guwahati: 1st Floor, Bajrangbali Building, Near Bora Service Station, GS Road, Guwahati 781 007 Tel: 8811036746 / 0361-2203324 Email: [email protected] • Gwalior: 2nd Floor, Rajeev Plaza, Jayendra Ganj, Lashkar, Gwalior 474 009 Tel: 7518801818 Email: [email protected] • Haldwani: Above Kapilaz, Sweet House, Opp LIC Building, Pilikothi, Kaladhungi Road, Haldwani 263 139 Tel: 7518801819 Email: [email protected] • Haridwar: 8, Govind Puri, Opp. LIC - 2, Above Vijay Bank, Main Road, Ranipur More, Haridwar 249 401 Tel: 7518801820 Email: [email protected] • Hassan: SAS No-212, Ground Floor, Sampige Road, 1st Cross, Near Hotel Souther Star, K.R. Puram, Hassan 573 201 Tel: 08172 262065 Email: [email protected] • Hissar: SCO 71, 1st Floor, Red Square Market, Hissar 125 001 Tel: 7518801821 Email: [email protected] • Hoshiarpur: 1st Floor, The Mall Tower, Opp Kapila Hospital, Sutheri Road, Hoshiarpur 146 001 Tel: 01882-500143 Email: [email protected] • Hubli: CTC No.483/A1/A2, Ground Floor, Shri Ram Plaza, Behind Kotak Mahindra Bank, Club Road, Hubli 580 029 Tel: 0836-2252444 Email: [email protected] • Hyderabad: Karvy House, No:46, 8-2-609/K, Avenue 4, Street No. 1,Banjara Hills, Hyderabad 500 034 Tel: 040-44857874 / 75 / 76 Email: [email protected] • Indore: 2nd floor, 203-205 Balaji Corporate House, Above ICICI Bank, 19/1 New Palasia, Near Curewell Hospital, Janjeerwala Square, Indore 452 001 Tel: 0731-4266828/4218902 Email: [email protected] • Jabalpur: 3rd Floor, R.R. Tower 5, Lajpatkunj, Near Tayabali Petrol Pump, Jabalpur 482 001. Tel: 0761- 4923301. Email: [email protected] • Jaipur: S16/A IIIrd Floor, Land Mark Building, Opp Jai Club, Mahaver Marg, C Scheme, Jaipur 302 001 Tel: 01414167715/17 Email: [email protected] • Jalandhar: 1st Floor, Shanti Towers, SCO No.37, Puda Complex, Opposite Tehsil Complex, Jalandhar 144 001 Tel:

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0181-5094410 Email: [email protected] • Jalgaon: 269, Jaee Vishwa, 1st Floor, Baliram Peth, Above United Bank of India, Near Kishor Agencies, Jalgaon 425 001 Tel: 9421521406 Email: [email protected] • Jalpaiguri: D B C Road, Opp Nirala Hotel, Jalpaiguri 735 101 Tel: 03561-222136 Email: [email protected] • Jammu: Gupta’s Tower, 2nd Floor, CB-12, Rail Head Complex, Jammu 180 012 Tel: 0191-2458820 / 2458818 Email: [email protected] • Jamnagar: 136-137-138 Madhav Plaza, Opp SBI Bank, Near Lal Bunglow, Jamnagar 361 001 Tel: 0288 3065810 / 2558887 Email: [email protected] • Jamshedpur: 2nd Floor, R.R. Square, SB Shop Area, Near Reliance Footprint & Hotel, BS Park Plaza, Main Road, Bistupur, Jamshedpur 831 001 Tel: 0657-6655003 / 6655004 / 6655005 / 6655006 / 6655007 Email: [email protected] • Jaunpur: R.N. Complex, 1-1-9-G, Opp Pathak Honda, Ummarpur, Jaunpur 222 002 Tel: 7518801822 Email: [email protected] • Jhansi: 371/01, Narayan Plaza, Gwalior Road, Near Jeevan Shah Chauraha, Jhansi 284 001 Tel: 7518801823 Email: [email protected] • Jodhpur: 203, Modi Arcade, Chopasni Road, Jodhpur 342 001 Tel: 7737014590 Email: [email protected] • Junagadh: 124-125 Punit Shopping Center, M.G Road, Ranavav Chowk, Junagadh 362 001 Tel: 0285-2652220 Email: [email protected] • Kannur: 2nd Floor, Prabhath Complex, Fort Road, Near ICICI Bank, Kannur 670 001 Tel: 0497-2764190 Email: [email protected] • Kanpur: 15/46, B, Ground Floor, Opp Muir Mills, Civil Lines, Kanpur 208 001 Tel: 7518801824 Email: [email protected] • Karaikudi: No. 2, Gopi Arcade,100 Feet Road, Karaikudi 630 001 Tel: 04565-237192 Email: [email protected] • Karimnagar: Door No:2-10-1298, 2nd Floor, Rathnam Arcade, Jyothi Nagar, Karimnagar 505 001 Tel: 0878-2244773 Email: [email protected] • Karnal: 18/369, Char Chaman, Kunjpura Road, Behind Miglani Hospital, Karnal 132 001 Tel: 0184-2252524 Email: [email protected] • Karur: No.6, Old No.1304, Thiru-Vi-Ka Road, Near G.R. Kalyan Mahal, Karur 639 001 Tel: 04324-241755 Email: [email protected] • haragpur: Malancha Road, Beside Axis Bank Ltd, Kharagpur 721304 Tel: 03222-253380 Email: [email protected] • Kolhapur: 605/1/4 E Ward, Shahupuri, 2nd Lane, Laxmi Niwas, Near Sultane Chambers, Kolhapur 416 001 Tel: 0231 2653656 Email: [email protected] • Kolkata: Apeejay House (Beside Park Hotel), C Block, 3rd Floor,15 Park Street, Kolkata 700 016 Tel: 033 66285900 Email: [email protected] • Kollam: Sree Vigneswara Bhavan, Shastri Junction, Kadapakada, Kollam 691 001 Tel: 0474-2747055 Email: [email protected] • Korba: 1st Floor, City Centre, 97 IRCC, Transport Nagar, Korba 495 677 Tel: 7518801826 Email: [email protected] • Kota: Plot No.259, Ist Floor, Near Lala Lajpat Rai Circle, Shopping Centre, Kota 324 007 Tel: 0744-5100964 Email: [email protected] • Kottayam: 1st Floor, Csiascension Square, Railway Station Road, Collectorate PO, Kottayam 686 002 Tel: 0481-2300868 / 2302420 Email: [email protected] • Kurnool: Shop No.43, 1st Floor, S V Complex, Railway Station Road, Near SBI Main Branch, Kurnool 518 004 Tel: 08518-228550 Email: [email protected] • Lucknow: Ist Floor, A.A. Complex, 5 Park Road, Hazratganj, Thaper House, Lucknow 226 001 Tel: 7518801830 / 0522-2236819 / 3213115 Email: [email protected] • Ludhiana: Sco – 136, 1st Floor, Above Airtel Showroom, Feroze Gandhi Market, Ludhiana 141 001 Tel: 0161-4648747 Email: [email protected] • Madurai: Rakesh Towers, 30-C, Ist Floor, Bye Pass Road, Opp Nagappa Motors, Madurai 625 010 Tel: 0452-2605856 Email: [email protected] • Malappuram: First Floor, Peekays Arcade, Down Hill, Malappuram 676 505 Tel: 0483-2731480 Email: [email protected] • Malda: Sahis Tuli, Under Ward No.6, No.1 Govt Colony, English Bazar Municipality, Malda 732 101 Tel: 03512-223763 Email: [email protected] • Mandi: 149/11, School Bazaar, Near UCO Bank, Opp. Hari Mandir, Mandi 175 001 Tel: 7518801833 Email: [email protected] • Mangalore: Mahendra Arcade, Opp Court Road, Karangal Padi, Mangalore 575 003 Tel: 0824-2496289 Email: [email protected] • Margao: 2nd Floor, Dalal Commercial Complex, Pajifond, Margao 403 601 Tel: 0832-2731823 Email: [email protected] • Mathura: Ambey Crown, 2nd Floor, Opp BSA College, Gaushala Road, Mathura 281 001 Tel: 7518801834 Email: [email protected] • Meerut: 1st Floor, Medi Centre, Opp ICICI Bank, Hapur Road, Near Bachha Park, Meerut 250 002 Tel: 7518801835 Email: [email protected] • Mehsana: Ul/47 Apollo Enclave, Opp Simandhar Temple, Modhera Cross Road, Mehsana 384 002 Tel: 02762-242950 Email: [email protected] • Mirzapur: Abhay Mandir, Above HDFC Bank, Dankin Gunj, Mirzapur 231 001 Tel: 7518801836 Email:[email protected] • Moga: 1st Floor, Dutt Road, Mandir Wali Gali, Civil Lines, Barat Ghar, Moga 142 001 Tel: 01636 - 230792 Email: [email protected] •Moradabad: Om Arcade, Parker Road, Above Syndicate Bank, Chowk Tari Khana, Moradabad 244 001 Tel: 7518801837 Email: [email protected] • Morena: Moti Palace, Near Ramjanki Mandir, Morena 476 001 Tel: 7518801838 Email: [email protected] • Mumbai: 24/B, Raja Bahadur Compound, Ambalal Doshi Marg, Behind BSE Bldg, Fort, Mumbai 400 001 Tel: 022-66235353 Email: [email protected] • uzaffarpur: First Floor, Shukla Complex, Near ICICI Bank, Civil Court Branch, Company Bagh, Muzaffarpur 842 001 Tel: 7518801839 Email: [email protected] • Mysore: L-350, Silver Tower, Ashoka Road, Opp. Clock Tower, Mysore 570 001 Tel: 0821-2438006 Email: [email protected] • Nadiad: 104/105, Near Paras Cinema, City Point Nadiad, Nadiad 387 001 Tel: 0268-2563245 Email: [email protected] • Nagerkoil: H.No.45, 1st Floor, East Car Street, , Nagercoil, 629001 Tel: 04652 – 233552 Email: [email protected] • Nagpur: Plot No.2/1, House No.102/1, Mata Mandir Road, Mangaldeep Apartment, Opp Khandelwal Jewelers, Dharampeth, Nagpur 440 010 Tel: 0712-2533040 Email: [email protected] • Namakkal: 105/2, Arun Towers, Paramathi Road, Namakkal 637 001 Tel: 04286-234801 Email: [email protected] •Nanded: Shop No.4, Santakripa Market, G.G. Road, Opp. Bank Of India, Nanded 431 601 Tel: 02462-237885 Email: [email protected] • Nasik: S-9, Second Floor, Suyojit Sankul, Sharanpur Road, Nasik 422 002 Tel: 0253-6608999 / 0755-3010732 Email: [email protected] • Navsari: 103 , 1st Floor, Landmark Mall, Near Sayaji Library, Navsari 396 445 Tel: 9081903040 Email: [email protected] • Nellore: 16-2-158, 3rd Floor, Mogarala Complex, Sunday Market Lane, Pogathota, Nellore 524 001. Tel: 0861 2349940 Email: [email protected] • New Delhi: 305 New Delhi House, 27 Barakhamba Road, New Delhi 110 001 Tel: 011- 43681700 Email: [email protected] Fax: 011-43681710 • Nizamabad: H No:5-6-430, Above Bank Of Baroda, First Floor, Beside HDFC Bank, Hyderabad Road, Nizamabad 503 003 Tel: 08462-224366 Email: [email protected] • Noida: 405, 4th Floor, Vishal Chamber, Plot No.1, Sector-18, Noida 201 301 Tel: 7518801840 Email: [email protected] • Palghat: No: 20 & 21, Metro Complex, H.P.O. Road, Palakkad 678 001 Tel: 9895968533 / 0491 - 2547373 Email: [email protected] • Panipat: Java Complex, 1st Floor, Above Vijaya Bank, G.T. Road, Panipat 132 103 Tel: 7518801841 / 0180-3095517 Email: [email protected] • Panjim: Flat No.1-A, H.No.13/70,Timotio Bldg, Heliodoro Salgado Road, Next to Navhind Bhavan, (Market Area), Panjim 403 001 Tel: 0832-2426873 / 2426874 Email: [email protected] •Pathankot: 2nd Floor, Sahni Arcade Complex, Adj. Indra Colony Gate, Railway Road, Pathankot, Pathankot 145 001 Tel: 0186-5080188 Email: [email protected] • Patiala: Sco 27 D, Chotti Baradari, Near Car Bazaar, Patiala 147 001 Tel: 0175-5004349 Email: [email protected] • Patna: 3A, 3rd Floor, Anand Tower, Exhibition Road, Opp ICICI Bank, Patna 800 001 Tel: 0612-4323066 Email: [email protected] • Pollachi: 146/4, Ramanathan Building, 1st Floor, New Scheme Road, Pollachi 642 002 Tel: 04259-235111 / 235122 / 235133 Email: [email protected] • Pondicherry: Building No:7, 1st Floor, Thiayagaraja Street, Pondicherry 605 001 Tel: 0413 2220640 Email: [email protected] • Proddatur: D.No: 4/625, Bhairavi Complex, Above Karur Vysya Bank, Gandhi Road, Proddatur 516 360, Andhra Pradesh Tel: 08564 - 242898 Email: [email protected] • Pudukottai: Sundaram Masilamani Towers, TS No.5476 - 5479, PM Road, Old Tirumayam Salai, Near Anna Statue, Jublie Arts, Pudukottai 622 001 Tel: 04322 - 220050 Email: [email protected] • Pune: Mozaic Bldg, CTS o.1216/1, Final, Plot No.576/1 TP, Scheme No.1, F.C. Road, Bhamburda, Shivaji Nagar, Pune 411 004 Tel: 020-66496700 / 66496701 Email: [email protected] • Raipur: Office No S-13, Second Floor, Raheja Tower, Fafadih Chowk, Jail Road, Raipur (C.G.) – 492 001. Tel: 0771-4912611 Email: [email protected] • Rajahmundry: D.No.6-1-4, Rangachary Street, T. Nagar, Near Axis Bank Street, Rajahmundry 533 101 Tel: 0883-2434468/70 Email: [email protected] • Rajapalayam: Sri Ganapathy Complex, 14B/5/18, T P Mills Road, Virudhungar Dist, Rajapalayam 626 117 Tel: 04563 - 232952 Email: [email protected] • Rajkot: 302, Metro Plaza, Near Moti Tanki Chowk, Rajkot, Gujarat, 360 001 Tel: 9081903025 Email: [email protected] • Ranchi: Room No.307, 3rd Floor, Commerce Tower, Beside Mahabir Tower, Ranchi 834 001 Tel: 0651-2331320 Email: [email protected] • Ratlam: 1 Nagpal Bhawan, Free Ganj Road, Do Batti, Near Nokia Care, Ratlam 457001, [email protected], 07412-320398, 07412-402009 • Renukoot: Radhika Bhavan. Opp. Padmini Hotel, Murdhwa, Renukoot 231 217 Tel: 7518801842 Email: [email protected] • Rewa: Ist Floor, Angoori Building, Besides Allahabad Bank, Trans University Road, Civil Lines, Rewa 485 001 Tel: 7518801843 Email: [email protected] • Rohtak: 1st Floor, Ashoka Plaza, Delhi Road, Rohtak 124 001 Tel: 7518801844 Email: [email protected] • Roorkee: Shree Ashadeep Complex, 16, Civil Lines, Near Income Tax Office, Roorkee 247 667 Tel: 7518801845 Email: [email protected] • Rourkela: 1st Floor Sandhu Complex, Kachery Road, ditnagar, Rourekla 769 012 Tel: 0661-2500005 Email: [email protected] • Sagar: II Floor, Above Shiva Kanch Mandir, 5 Civil Lines, Sagar 470 002 Tel: 07582-402404 Email: [email protected] • Saharanpur: 18 Mission Market, Court Road, Saharanpur 247 001 Tel: 7518801846 Email: [email protected] • Salem: No.3/250, Brindavan Road, 6th Cross, Behind Perumal Kovil, Fairland’s, Salem 636 016 Tel: 0427-4020300 Email: [email protected] • Sambalpur: Koshal Builder Complex, Near Goal Bazaar Petrol Pump, Sambalpur 768 001 Tel: 0663-2533437 Email: [email protected] • Satna: 1st Floor, Gopal Complex, Near Bus Stand, Rewa Road, Satna 485 001 Tel: 7518801847Email:[email protected] • Shaktinagar: 1st/A-375, V.V. Colony, Dist Sonebhadra, Shaktinagar 231 222 Tel: 7518801848 Email: [email protected] • Shillong: Annex Mani Bhawan, Lower Thana Road, Near R K M LP School, Shillong 793 001 Tel: 0364 - 2506106 Email: [email protected] • Shimla: Triveni Building, By Pass Chowk, Khallini, Shimla 171 002 Tel: 7518801849 Email: [email protected] • Shimoga: Sri Matra Naika Complex,1st Floor, Above Shimoga Diagnostic Centre, Llr Road, Durgigudi, Shimoga 577 201 Tel: 08182-228799 Email: [email protected] • Shivpuri: 1st Floor, M.P.R.P. Building, Near Bank of India, Shivpuri 473 551 Tel: 7518801850 Email: [email protected] • Sikar: First Floor, Super Tower, Behind Ram Mandir, Near Taparya Bagichi, Sikar 332 001 Tel: 01572-250398 Email: [email protected] • Silchar: N.N. Dutta Road, Chowchakra Complex, Premtala, Silchar 788 001 Tel: 3842261714 Email: [email protected] • Siliguri: Nanak Complex, Sevoke Road, Siliguri 734 001 Tel: 0353-2522579 Email: [email protected] • Sitapur: 12/12-A Sura Complex, Opp Arya Nagar, Mal Godam, Sitapur 261 001 Tel: 7518801851 Email: [email protected] •Sivakasi: 363, Thiruthangal Road, Opp TNEB, Sivakasi 626 123 Tel: 04562 228816 Email: [email protected] • Solan: Sahni Bhawan, Adjacent Anand Cinema Complex, The Mall, Solan 173 212 Tel: 7518801852 Email: [email protected] • Solapur: Block No.06, Vaman Nagar, Opp D-Mart, Jule Solapur, Solapur 413 004 Tel: 0217-2300021 / 2300318 Email: [email protected] • Sonepat: 205 R Model

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Town, Above Central Bank of India, Sonepat 131 001 Tel: 7518801853 Email: [email protected] • Sri Ganganagar: 35E Block, Opp: Sheetla Mata Vaateka, Sri Ganganagar 335 001 Tel: 0154-2470177 Email: [email protected] • Srikakulam: D.No. 4-4-97, First Floor, Behind Sri Vijayaganpathi Temple, Pedda Relli Veedhi, Palakonda Road, Srikakulam 532 001. Tel: 8942229925 / 9248009412 Email: [email protected] • Sultanpur: 1077/3, Civil Lines, Opp Bus Stand, Civil Lines, Sultanpur 228 001 Tel: 7518801854 Email: [email protected] • Surat: Office No: 516, 5th Floor, Empire State Building, Near Udhna Darwaja, Ring Road, Surat 395 002 Tel: 9081903041 / 9081903035 Email: [email protected] • Thanjavur: No.70, Nalliah Complex, Srinivasam Pillai Road, Tanjore 613 001 Tel: 04362-275415 Email: [email protected] • Thodupuzha: First Floor, Pulimoottil Pioneer, Pala Road, Thodupuzha 685 584 Tel: 04862-211209 Email: [email protected] • Tirunelveli: 55/18, Jeney Building, S N Road, Near Aravind Eye Hospital, Tirunelveli 627 001 Tel: 0462 2335137 Email: [email protected] • Tirupathi: H.No:10-13-425, 1st Floor, Tilak Road, Opp: Sridevi Complex, Tirupathi 517 501 Tel: 9885995544 / 0877-2255797 Email: [email protected] • Tirupur: First Floor, 244 A, Above Selvakumar Dept Stores, Palladam Road, Opp Cotton Market Complex, Tirupur 641 604 Tel: 0421-2214221 / 0421-2214319 Email: [email protected] • Tiruvalla: 2nd Floor, Erinjery Complex, Ramanchira, Opp Axis Bank, Thiruvalla 689 107 Tel: 0469-2603303 Email: [email protected] • Trichur: 2nd Floor, Brothers Complex, Naikkanal Junction, Shornur Road, Near Dhanalakshmi Bank H O,Thrissur 680 001 Tel: 0487- 6999987 Email: [email protected] • Trichy: 60, Sri Krishna Arcade, Thennur High Road, Trichy 620 017 Tel: 0431-4020227 Email: [email protected] • Trivandrum: 2nd Floor, Akshaya Tower, Sasthamangalam, Trivandrum 695 010 Tel: 0471 - 2725728 Email: [email protected] • Tuticorin: 4 - B, A34 - A37, Mangalmal Mani Nagar, Opp. Rajaji Park, Palayamkottai Road, Tuticorin 628 003 Tel: 0461-2334603 Email: [email protected] • Udaipur: 201-202, Madhav Chambers, Opp GPO, Chetak Circle, Udaipur 313 001 Tel: 0294 2429370 Email: [email protected] • Ujjain: 101 Aashta Tower, 13/1 Dhanwantri Marg, Freeganj, Ujjain 456 010 Tel: 0734-4250007 / 4250007 Email: [email protected] • alsad: Shop No.2, Phiroza Corner, Opp Next Show Room, Tithal Road, Valsad 396 001 Tel: 02632-258481 Email: [email protected] • Vapi: Shop No-12, Ground Floor, Sheetal Apartment, Near K P Tower, Vapi 396 195 Tel: 9081903028 Email: [email protected] • Varanasi: D-64/132 1st Floor, Anant Complex, Sigra, Varanasi 221 010 Tel: 7518801855 Email: [email protected] • Vellore: No.6, Nexus Towers, 2nd Floor, Officer’s Line, Above Peter England & Bata Showroom, Opp. Voorhees School, Vellore 632 001. Tel: 0416 2215007 Email: [email protected] • Vijayanagaram: Soubhagya, 19-6-1/3, 2nd Floor, Near Fort Branch, Opp Three Temples, ijayanagaram 535 002 Tel: 08922-236965 Email: [email protected] • Vijayawada: 39-10-7, Opp Municipal Water Tank, Labbipet, Vijayawada 520 010 Tel: 0866-6604032 / 39 / 40 Email: [email protected] • Visakhapatnam: Door No: 48-8-7, Dwaraka Diamond, Ground Floor, Srinagar, Visakhapatnam 530 016 Tel: 0891-2714125 Email: [email protected] • Warangal: 5-6-95, 1st Floor, Opp B.Ed College, Lashkar Bazar, Chandra Complex, Hanmakonda, Warangal 506 001 Tel: 0870-2441513 Email: [email protected] • Yamuna Nagar: Jagdhari Road, Above UCO Bank, Near D.A.V. Girls College, Yamuna Nagar 135 001 Tel: 7518801857 Email: [email protected]

Baroda Mutual Fund - Investor Service Centre

Contact Points:

Toll Free Number: 1-800-267 0189 (9 am to 6 pm – Monday to Saturday all business days and 9 am to 2 pm on 2nd & 4th Saturday of the month)

Email: [email protected] | Website:www.barodamf.com

Registered Office

Baroda Asset Management India Ltd.

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

CIN : U65991MH1992PLC069414

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

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

Branch Offices

Delhi



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

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

Chennai



HP Complex, Flat No. 12, 3rd Floor, Door No. 124/1, 2 & 3 New No. 14, G. N. Chetty Road, T. Nagar, Chennai - 600017.

Phone: +91 044- 2834 3530, Fax: +91 044 - 2834 3539

Lucknow

Baroda Asset Management India Limited*


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

Phone: +91 0522- 43514564

Bangalore

Baroda Asset Management India Limited*

(Formerly known as Baroda Pioneer Asset Management Company Limited)

Raheja Arcade, No. 1/1, Commercial Permises No. 246, 2 nd Floor, Koramangala Industrial layout, Hosur Road, Bangalore - 560 095.

Phone: +91 9884078407

* Currently not an Investor Service Centre.

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

Documents

Gain from the right mix of Equity, Arbitrage and Fixed Income · Mutual fund investments are subject to market risks, read all scheme related documents carefully. May 2019 Baroda