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FactsheetAugust 2016

31st August, 2016

BARODA PIONEER MUTUAL FUND

Dear Investors,

Warm Greetings!

Indian equities continued on the upward trend (+1.4%) led by multiple factors i.e. passage of GST bill, strong monsoons, Foreign Institutional Investors (“FIIs”) flows to emerging markets and better than expected results by many corporates. Year to date (“YTD”) markets are up by 9%. Among the developed markets UK and US were the best performing markets with 9% and 6% YTD returns respectively. Japan was the worst performing market with 13% negative returns.

YTD in CY16, FIIs have been net buyers to the tune of USD 5.9bn as compared to USD 4.5bn last year. In the month of August 2016, FIIs have invested USD 1.32bn as compared to outflow of USD 2.5bn last year. Mid-Caps Index outperformed the Large-Caps Index by a margin with BSE Midcap Index rising 16% returns vs Sensex rising 9% YTD.

In the month of July 2016, CPI came in at 6.1% breaching the upper range of inflation target of +4%/-2% . Core inflation stayed almost flat at 4.6%. Prices of veggies and pulses maintained their upward march in July 2016, but are showing some signs of easing in August 2016. In another release, industrial production for June 2016 expanded by 2.1% YoY vs 1.1% last month with sharp recovery in mining (4.7% vs 1.4%) and electricity (8.3% vs 4.7%) output. Manufacturing growth stayed tepid at 0.9% YoY vs 0.6% last month but largely due to continued weakness in electrical machinery group. Excluding electrical machinery, manufacturing output expanded by 4.8% YoY and overall IIP rose by 5.1% YoY in June 2016. Mirroring the same effect on demand side, IIP excluding capital goods stood at 4.9% YoY in June 2016.

The much awaited GST bill has been passed by the Upper House in the Parliament session. Post the passage of the GST bill in the Upper House, the bill has also been ratified by 8 states (need 16 states to ratify before the bill can be sent for Presidential assent). Monsoons are tracking at 2% deficit on pan India basis with North-West/Central India at 5%/7% excess rainfall while Southern/Eastern regions at 13%/16% deficit as per India Met Department (“IMD”).

In the August 2016 Bi Monthly Monetary policy, RBI kept the repo rate unchanged at 6.5% in line with market expectation. The CPI projection for March 2017 is at 5% with upside risk. The stance of Monetary Policy remains accommodative and will continue to emphasise the adequate provision of liquidity. It reiterated its commitment to “progressively lower the average ex-ante liquidity deficit in the system to a position closer to neutrality”. RBI is dovish in this policy as compared to the last one as it has maintained its “accommodative” policy stance along with the front loading of liquidity easing measures ahead of FCNR(B) redemption. The reiteration & front loading of liquidity measures should lead to lower overnight and money market rates. RBI has announced an Open Market Operation (“OMO”) and may have to conduct more OMOs to achieve the neutrality in liquidity position from deficit, which should support the long end of the yield curve. With government sticking to its fiscal consolidation path and CPI inflation remain contained due to good monsoon, there is a chance of rate cut in second half of Financial Year 2017. The bond market may trade on positive bias in future and key trigger for the rally may be lower CPI print, OMOs by RBI and Fiscal consolidation measures.

The recent uptrend in equity markets is a result of improved global/local liquidity and sentimental factors. Despite valuations being higher than historic levels, yet those may sustain if expectations of a global fiscal stimulus sustains.

Sanjay Chawla

Chief Investment Officer

Source : Bloomberg, Economic Times

CIO Letter

2

Mr. Sanjay ChawlaChief Investment Officer

31st August, 2016


INDEX

Title

How To Read Factsheet Pg 4

Baroda Pioneer Growth Fund Pg 5

Baroda Pioneer ELSS’ 96 Pg 6

Baroda Pioneer PSU Equity Fund Pg 7

Baroda Pioneer Infrastructure Fund Pg 8

Baroda Pioneer Banking and Financial Services Fund Pg 9

Baroda Pioneer Balance Fund Pg 10

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

Pg 11

Baroda Pioneer Credit Opportunities Fund Pg 12

Baroda Pioneer Gilt Fund Pg 13

Baroda Pioneer Income Fund Pg 14

Baroda Pioneer Dynamic Bond Fund Pg 15

Baroda Pioneer Short Term Bond Fund Pg 16

Baroda Pioneer Treasury Advantage Fund Pg 17

Baroda Pioneer Liquid Fund Pg 18

Investment Performance Pg 19

SIP Returns Pg 23

Dividend History Pg 24

3

31st August, 2016


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

How To Read Factsheet?

4

31st August, 2016


Baroda Pioneer Growth Fund

PORTFOLIO

Name of Instruments Ratings / Industries

% to Net Assets

EQUITY & EQUITY RELATED

Listed / awaiting listing on the stock exchanges

ITC Ltd. Consumer Non Durables

5.41%

Infosys Ltd. Software 5.23%

IndusInd Bank Ltd. Banks 4.54%

Yes Bank Ltd. Banks 4.18%

ICICI Bank Ltd. Banks 3.95%

Shriram Transport Finance Company Ltd.

Finance 3.22%

Mahindra & Mahindra Ltd. Auto 3.08%

The Ramco Cements Ltd. Cement 2.71%

Indraprastha Gas Ltd. Gas 2.70%

Sun Pharmaceuticals Industries Ltd.

Pharmaceuticals 2.61%

Bata India Ltd. Consumer Durables

2.45%

Hindalco Industries Ltd. Non - Ferrous Metals

2.44%

LIC Housing Finance Ltd. Finance 2.37%

State Bank of India Banks 2.32%

Tata Motors Ltd. Auto 2.31%

Multi Commodity Exchange of India Ltd.

Finance 2.27%

Petronet LNG Ltd. Gas 2.26%

Pidilite Industries Ltd. Chemicals 2.25%

Grasim Industries Ltd. Cement 2.14%

Larsen & Toubro Ltd. Construction Project

2.08%

Sadbhav Engineering Ltd. Construction Project

2.05%

DCB Bank Ltd. Banks 2.03%

TeamLease Services Ltd. Commercial Services

1.98%

Shriram City Union Finance Ltd.

Finance 1.98%

Maruti Suzuki India Ltd. Auto 1.93%

IDFC Bank Ltd. Banks 1.93%

Axis Bank Ltd. Banks 1.83%

The Karur Vysya Bank Ltd. Banks 1.68%

D.B.Corp Ltd. Media & Entertainment

1.64%

Engineers India Ltd. Construction Project

1.52%

TorrentPharmaceuticals Ltd.


Healthcare GlobalEnterprises Ltd.

Healthcare Services

1.48%

SH Kelkar andCompany Ltd.

Consumer Non Durables

1.46%

FAG Bearings India Ltd. Industrial Products

1.41%

Emami Ltd. Consumer Non Durables

1.40%

Gujarat State Petronet Ltd. Gas 1.39%

Jindal Steel & Power Ltd. Ferrous Metals 1.33%

Hindustan Zinc Ltd. Non - Ferrous Metals

1.29%

Oil & Natural Gas Corporation Ltd.

Oil 1.09%

PORTFOLIO


% to Net Assets

JSW Steel Ltd. Ferrous Metals 1.07%

Manpasand Beverages Ltd. Consumer Non Durables

1.02%

Housing Development Finance CorporationLtd. - Warrants

Finance 1.00%

HDFC Bank Ltd. Banks 0.99%

Ultratech Cement Ltd. Cement 0.62%

Total 96.14%

PREFERENCE SHARES


Zee Entertainment Enterprises Limited - Preference shares

Media & Entertainment

0.06%

Total 0.06%

CBLO / Reverse Repo Investments 4.29%

Total 4.29%

Cash & Cash Equivalents

Net Receivable/Payable -0.49%

Total -0.49%

Grand Total 100.00%

**Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.

INDUSTRIES

23.45%

10.84%

9.29%

7.32%

6.35%

5.65%

5.47%

5.23%

4.11%

Banks

Finance


Auto

Gas

Construction Project

Cement

Software

Pharmaceuticals

2.45%

2.40%

2.25%

1.98%

1.70%

1.48%

1.41%

1.09%

3.73%

3. %80

Non - Ferrous Metals

Cash & Equivalent

Consumer Durables

Ferrous Metals

Chemicals

Commercial Services


Healthcare Services

Industrial Products

Oil

Investors understand that their principal will be at Moderately High risk

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

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

INVESTMENT OBJECTIVE

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

FUND DETAILS

Type of Scheme An Open Ended Growth Scheme

Date of Allotment September 12, 2003

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

Benchmark S&P BSE 200

Monthly Average AUM (`)

316.84 Crs

Month end AUM (`) 325.71 Crs

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

Entry Load NilExit Load 1% if redeemed on or before

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

Plans

Option

Plan A and Plan B (Direct)

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

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

RISk PROFILE 31 AUG 2016Standard deviation 15.08%Sharpe@ 1.15Beta 0.97Portfolio Turnover (last 12 months) 1.75

NAV AS ON 31 AUG 2016NAV (Per Unit) `Plan AGrowth 84.1600Dividend 34.5800Plan B - DirectGrowth 86.8000Dividend 33.8900

TOTAL EXPENSE RATIOPlan A 2.95%Plan B (Direct) 2.11%

^ Applicable for new SIPs registered effective August 22, 2016$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*For Disclaimer please refer page no 22@risk free rate (FBIL Overnight MIBOR) 6.54& Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

An Open Ended Growth Scheme

5

31st August, 2016


PORTFOLIO


% to Net Assets


Listed / awaiting listing on the stock exchangesIndusInd Bank Ltd. Banks 4.29%

ITC Ltd. Consumer Non Durables

4.27%




Mahindra &Mahindra Ltd.

Auto 3.54%


Finance 3.18%


Kansai NerolacPaints Ltd.


2.75%

Sun Pharmaceuticals Industries Ltd.


Can Fin Homes Ltd. Finance 2.65%

Bata India Ltd. Consumer Durables

2.63%



2.62%

Multi Commodity Exchange of India Ltd.

Finance 2.44%




Aditya Birla Nuvo Ltd. Services 2.26%

S H Kelkar andCompany Ltd.


2.25%

Shriram TransportFinance Company Ltd.

Finance 2.24%



TeamLease Services Ltd. Commercial Services

2.02%

FAG Bearings India Ltd. Industrial Products 2.01%



1.93%


1.86%



D.B.Corp Ltd. Media & Entertainment

1.76%

The Karur VysyaBank Ltd.

Banks 1.74%


Healthcare Global Enterprises Ltd.

Healthcare Services 1.62%

Gujarat StatePetronet Ltd.

Gas 1.50%



Godrej Consumer Products Ltd.


1.25%


1.23%

TorrentPharmaceuticals Ltd.


NCC Ltd. Construction Project

1.05%

PORTFOLIO


% to Net Assets

Housing Development Finance CorporationLtd. - Warrants

Finance 0.89%

Total 97.07%

PREFERENCE SHARES


Zee Entertainment Enterprises Limited - Preference shares


0.02%

Total 0.02%


Total 1.92%


Net Receivable/Payable 0.99%

Total 0.99%

Grand Total 100.00%**Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.

INDUSTRIES

22.26%11.40%

10.52%7.06%6.66%6.44%

4.84%4.25%3.85%3.75%

2. %912.63%2.30%2.26%2.02%2.01%1.78%1.62%1.44%

BanksFinance

Consumer Non DurablesAuto

CementGas

Construction ProjectSoftware

Non - Ferrous MetalsPharmaceuticals

Cash & EquivalentConsumer Durables

ChemicalsServices

Commercial ServicesIndustrial Products

Media & EntertainmentHealthcare Services

Ferrous Metals

Baroda Pioneer ELSS’ 96


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

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


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

FUND DETAILS

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

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

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

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

58.83 Crs

Month end AUM (`) 60.83 Crs Minimum Investment ` 5,000/- & in multiples of ` 1/-

thereafterEntry Load NilExit Load NilPlans

Option


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



NAV AS ON 31 AUG 2016NAV (Per Unit) `Plan ADividend 30.5200Bonus 38.9900Growth 38.9900Plan B - DirectDividend 34.9300Bonus 40.8600Growth 40.8600


^ Applicable for new SIPs registered effective August 22, 2016$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.54& Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

An Open Ended Tax Benefit - Cum - Growth Scheme

6

31st August, 2016


Baroda Pioneer PSU Equity Fund

Investors understand that their principal will be at High risk

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

term• Investment predominantly in equity stocks of domestic

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


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

FUND DETAILS

Type of Scheme An Open Ended Equity Scheme

Date of Allotment October 4, 2010

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

Benchmark S&P BSE PSU Index

Monthly Average AUM (`) 28.29 Crs


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

Entry Load Nil

Exit Load

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

Plans

Option


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





PORTFOLIO


% to Net

Assets



GAIL (India) Ltd. Gas 9.80%

Oil & Natural GasCorporation Ltd.

Oil 9.25%


8.91%



Gujarat State Petronet Ltd. Gas 6.46%

National AluminiumCompany Ltd.


4.81%

Steel Authority of India Ltd. Ferrous Metals 4.10%

Syndicate Bank Banks 3.94%

Indian Oil Corporation Ltd. Petroleum Products

3.92%

Power Grid Corporationof India Ltd.

Power 3.75%

Gujarat Gas Ltd. Gas 3.26%

SJVN Ltd. Power 2.86%

NBCC (India) Ltd. Construction 2.46%

Canara Bank Banks 2.39%

Bharat Electronics Ltd. Industrial Capital Goods

2.08%

Bank of India Banks 2.00%

Oriental Bank Of Commerce Banks 1.71%

Bharat Petroleum Corporation Ltd.

Petroleum Products

1.54%

Mangalore Refinery and Petrochemicals Ltd.

Petroleum Products

1.33%

NLC India Ltd. Power 0.95%

Bank Of Maharashtra Banks 0.87%

Hindustan PetroleumCorporation Ltd.

Petroleum Products

0.83%

Total 94.00%

BONDS & NCDs


NTPC Limited CRISIL AAA 0.45%

Total 0.45%


Total 7.82%


Net Receivable/Payable -2.27%

Total -2.27%

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

INDUSTRIES

27.70%

19.51%

9.25%

8.91%

7.62%

7.56%

5.55%

4.81%

4.10%

2.46%

2.08%

0.45%

Gas

Banks

Oil


Petroleum Products

Power

Cash & Equivalent


Ferrous Metals

Construction

Industrial Capital Goods

CRISIL AAA

An Open Ended Equity Scheme

^ Applicable for new SIPs registered effective August 22, 2016$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.54%

7

31st August, 2016


Baroda Pioneer Infrastructure Fund

Investors understand that their principal will be atHigh risk

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

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


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

FUND DETAILS

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

(Experience 12 yrs)

Benchmark Nifty Infra*Monthly Average AUM (`) 17.65 CrsMonth end AUM (`) 18.13 Crs Minimum Investment ` 5,000/- & in multiples of ` 1/-

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

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

Plans

Option







PORTFOLIO


% to Net

Assets




6.67%






4.39%

GAIL (India) Ltd. Gas 4.23%

NCC Ltd. Construction Project

4.21%


3.97%

Multi CommodityExchange of India Ltd.

Finance 3.82%


PNC Infratech Ltd. Construction 3.35%


Sadbhav Engineering Ltd. Construction Project

3.29%

Tata Steel Ltd. Ferrous Metals 3.06%


Shriram TransportFinance Company Ltd.

Finance 2.73%

IDFC Ltd. Finance 2.61%

Shriram City UnionFinance Ltd.

Finance 2.37%

Vedanta Ltd. Non - Ferrous Metals

2.34%

ABB India Ltd. Industrial Capital Goods

2.24%

Bajaj Electricals Ltd. Consumer Durables

2.21%

Bharat Electronics Ltd. Industrial Capital Goods

2.02%


1.88%

Supreme Industries Ltd. Industrial Products 1.85%

Jindal Steel & Power Ltd. Ferrous Metals 1.56%


Siemens Ltd. Industrial Capital Goods

1.05%

KEC International Ltd. Construction Project

1.04%

Total 94.45%

BONDS & NCDs


NTPC Ltd. CRISIL AAA 0.33%

Total 0.33%


Total 4.07%



Total 1.15%

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

INDUSTRIES

3.79%

3.35%

2.21%

1.85%

Services

Construction

Consumer Durables

Industrial Products

19.18%

14.85%

14.82%

14.41%

8.61%

6.07%

5.31%

0.33%


Cement

Gas

Finance


Ferrous Metals


5 22. %Cash & Equivalent

CRISIL AAA

An Open Ended Equity Scheme

^ Applicable for new SIPs registered effective August 22, 2016$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*For Disclaimer please refer page no 22@risk free rate (FBIL Overnight MIBOR) 6.54

8

31st August, 2016


Baroda Pioneer Banking and Financial Services Fund

Investors understand that their principal will be atHigh risk

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

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


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

FUND DETAILS

Type of Scheme An Open Ended Sectoral Scheme

Date of Allotment June 22, 2012

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

Benchmark Nifty Bank Index*




Entry Load Nil

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

Plans

Option





NAV AS ON 31 AUG 2016NAV (Per Unit) `Plan AGrowth 17.3400Dividend 16.1300Bonus 17.3400Plan B - DirectGrowth 17.8500Dividend 16.6200Bonus NA


PORTFOLIO


% to Net Assets




HDFC Bank Ltd. Banks 11.21%




Kotak Mahindra Bank Ltd. Banks 7.01%



Finance 3.58%




Finance 2.29%


Syndicate Bank Banks 2.08%

Housing Development Finance Corporation Ltd.

Finance 2.03%

The Karur Vysya Bank Ltd. Banks 1.86%


Finance 1.66%

Canara Bank Banks 1.35%


Bank of India Banks 1.13%


Sundaram Finance Ltd. Finance 0.98%

ICRA Ltd. Finance 0.34%

Total 92.35%


Total 0.73%



Total 6.92%

Grand Total 100.00%

INDUSTRIES

77.06%

13.96%

7.65%

1.33%

Banks

Finance

Cash & Equivalent

Services

An Open Ended Sectoral Scheme

^ Applicable for new SIPs registered effective August 22, 2016$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*For Disclaimer please refer page no 22@risk free rate (FBIL Overnight MIBOR) 6.54

9

31st August, 2016


Baroda Pioneer Balance Fund


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

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


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

FUND DETAILS

Type of Scheme An Open Ended Balanced Scheme


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

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

Monthly Average AUM (`) 146.86 CrsMonth end AUM (`) 127.84 Crs


Entry Load Nil

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

Plans

Option





NAV AS ON 31 AUG 2016NAV (Per Unit) `Plan AGrowth 47.2400Dividend 18.1600Bonus 47.2400Plan B - DirectGrowth 48.9800Dividend 19.2500

TOTAL EXPENSE RATIOPlan A 2.86%Plan B (Direct) 1.57%^ Applicable for new SIPs registered effective August 22, 2016$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.54 & Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

PORTFOLIO


% to Net

Assets






ITC Ltd.Consumer Non Durables

4.00%





TeamLease Services Ltd.Commercial Services

2.49%


Finance 2.47%

Hindalco Industries Ltd.Non - Ferrous Metals

2.45%




Shriram City UnionFinance Ltd.

Finance 1.95%


Finance 1.90%

Bata India Ltd.Consumer Durables

1.89%

Larsen & Toubro Ltd.Construction Project

1.80%

Sun PharmaceuticalsIndustries Ltd.




D.B.Corp Ltd.Media & Entertainment

1.50%



Oil & Natural GasCorporation Ltd.

Oil 1.36%


Healthcare Services

1.35%

Engineers India Ltd.Construction Project

1.27%

FAG Bearings India Ltd. Industrial Products 1.26%


Manpasand Beverages Ltd.Consumer Non Durables

1.05%

Hindustan Zinc Ltd.Non - Ferrous Metals

1.05%

WABCO India Ltd. Auto Ancillaries 0.96%

PNC Infratech Ltd. Construction 0.93%

Bajaj Corp Ltd.Consumer Non Durables

0.92%

Indian Oil Corporation Ltd.Petroleum Products

0.89%

Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.88%


Total 73.86%

PORTFOLIO


% to Net

Assets

CENTRAL GOVERNMENT SECURITIES

7.59% CGL 2029 Sovereign 2.31%






Total 5.04%

BONDS & NCDs

Listed / awaiting listing on the stock exchangesDewan Housing Finance Corporation Ltd.

BWR AAA 9.23%

Capital First Ltd. CARE AA+ 3.87%

Vijaya Bank [ICRA]AA- 1.52%

Total 14.62%


Total 5.92%



Total 0.56%

Grand Total 100.00%

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

INDUSTRIES

6. %48Cash & Equivalent6.32%5.97%5.76%

5.18%5.04%4.87%4.84%

3.87%3.50%3.07%2.67%

FinanceConsumer Non Durables

AutoSoftware

SovereignGas

CementCARE AA+

Non - Ferrous MetalsConstruction Project

Pharmaceuticals

16.90%9.23%

2.49%2.15%1.89%1.52%1.50%1.36%1.35%1.26%0.96%0.93%0.89%

BanksBWR AAA

Commercial ServicesChemicals

Consumer Durables[ICRA]AA-

Media & EntertainmentOil

Healthcare ServicesIndustrial Products

Auto AncillariesConstruction

Petroleum Products

An Open Ended Balanced Scheme

10

31st August, 2016


Baroda Pioneer Monthly Income Plan (MIP) Fund

Investors understand that their principal will be at Moderate risk

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

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

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


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

FUND DETAILS

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


Fund Manager Ms. Hetal Shah#

(Experience 12 yrs)

Benchmark CRISIL MIP Blended Index




Entry Load Nil

Exit Load NIL

Plans Plan A and Plan B (Direct)

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


NAV AS ON 31 AUG 2016NAV (Per Unit) `Plan AGrowth 20.3728Dividend - Monthly 13.4701Dividend - Quarterly 13.2304Plan B - DirectGrowth 21.0063Dividend - Monthly 13.6614Dividend - Quarterly 13.4509

PORTFOLIO CHARACTERISTIC

Average Maturity (Days) 2093.64Modified Duration (Years) 3.78Portfolio Yield (%) 7.78


^ Applicable for new SIPs registered effective August 22, 2016$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*Monthly income is not assured and is subject to the availability of distributable surplus.

PORTFOLIO


% to Net Assets

EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesMulti CommodityExchange of India Ltd. Finance 0.50%





ABB India Ltd. Industrial Capital Goods 0.39%

Bayer Cropscience Ltd. Pesticides 0.38%


Healthcare Services 0.37%


Shriram Transport Finance Company Ltd. Finance 0.26%

Sadbhav Engineering Ltd. Construction Project 0.25%

Bata India Ltd. Consumer Durables 0.23%


Total 4.70%MONEY MARkET INSTRUMENTCommercial Paper**SD Corporation Pvt. Ltd. [ICRA]A1+ 4.11%

Total 4.11%CENTRAL GOVERNMENT SECURITIES

8.60% CGL 2028 Sovereign 14.01%

7.59% CGL 2029 Sovereign 12.26%

7.88% CGL 2030 Sovereign 11.22%


Total 39.76%

BONDS & NCDs


IIFL Facilities Services Ltd. [ICRA]AA 9.54%

Capital First Ltd. CARE AA+ 8.48%

Piramal Enterprises Ltd. [ICRA]AA 6.35%

Power FinanceCorporation Ltd. CRISIL AAA 5.60%

Rural Electrification Corporation Ltd. CRISIL AAA 3.86%

India Infoline Housing Finance Ltd. [ICRA]AA 3.00%

Power Grid Corporationof India Ltd. CRISIL AAA 2.69%

IDBI Bank Ltd. CRISIL A 2.07%

India Infoline Housing Finance Ltd. [ICRA]AA 1.03%

Total 42.62%


Total 6.84%



Total 1.97%

Grand Total 100.00%All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.**Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.

RATING PROFILE

39.76%

19.92%

12.15%

8.81%

8.48%

4.11%

2.07%

1.43%

0.76%

0.45%

0.44%

0.39%

0.38%

0.37%

0.25%

0.23%

Sovereign

[ICRA]AA

CRISIL AAA

Cash & Equivalent

CARE AA+

[ICRA]A1+

CRISIL A

Banks

Finance

Auto

Chemicals


Pesticides

Healthcare Services


Consumer Durables

INSTRUMENTS

42.62%

39.76%

6.84%

4.70%4.11%

1.97%BONDS & NCDs

CENTRALGOVERNMENT SECURITIES

CBLO / Reverse RepoInvestments

EQUITY & EQUITYRELATED

Commercial Paper

Cash & CashEquivalents

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

11

31st August, 2016


Baroda Pioneer Credit Opportunities Fund


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

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


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

FUND DETAILS

Type of Scheme An Open Ended Debt Scheme

Date of Allotment January 23, 2015

Fund Manager Mr. Alok Sahoo#

(Experience 13 yrs), Ms. Hetal Shah#

(Experience 12 yrs)

Benchmark CRISIL Short Term Bond Fund Index


214.51 Crs



Entry Load NA

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


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




TOTAL EXPENSE RATIO

Plan A 1.79%Plan B (Direct) 0.53%^ Applicable for new SIPs registered effective August 22, 2016$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

PORTFOLIO


% to Net

Assets

MONEY MARkET INSTRUMENT

Certificate of Deposit**Andhra Bank CRISIL A1+ 8.40%

Total 8.40%

Commercial Paper**Simplex Infrastructures Ltd. CARE A1 5.84%

Peninsula Land Ltd. [ICRA]A1 4.19%

Adani Enterprises Ltd. BWR A1+ 4.10%

Total 14.13%

CENTRAL GOVERNMENT SECURITIES8.40% CGL 2024 Sovereign 1.35%

Total 1.35%

BONDS & NCDsListed / awaiting listing on the stock exchanges

Edelweiss CommoditiesServices Ltd.

CARE AA 9.26%

Aspire Home FinanceCorporation Ltd.

[ICRA]AA- 9.24%


India Infoline HousingFinance Ltd.

CRISIL AA 4.51%

Indiabulls Housing Finance Ltd. CARE AAA 4.24%

JSW Steel Ltd. CARE AA- 2.43%


Vedanta Ltd. CRISIL AA- 2.09%

India Infoline Finance Ltd. [ICRA]AA 1.76%

Aspire Home FinanceCorporation Ltd.

CRISIL A+ 0.84%



Total 45.11%

UnlistedARM Infra & Utilities Private Ltd. BWR A1+ (SO) 10.50%

Janalakshmi FinancialServices Ltd.

[ICRA]A+ 7.67%

Tanglin Developments Ltd. BWR A+ (SO) 6.54%

Total 24.71%

CBLO /Reverse Repo investments 5.17%

Total 5.17%



Total 1.13%

Grand Total 100.00%

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

RATING PROFILE

10.50%

9.60%

9.26%

9.24%

8.40%

7.67%

6.54%

6.30%

5.84%

4.55%

4.51%

4.24%

4.19%

4.10%

2.42%

1.35%

0.84%

0.45%

BWR A1+ (SO)

[ICRA]AA

CARE AA

[ICRA]AA-

CRISIL A1+

[ICRA]A+

BWR A+ (SO)

Cash & Equivalent

CARE A1

CARE AA-

CRISIL AA

CARE AAA

[ICRA]A1

BWR A1+

CRISIL AA-

Sovereign

CRISIL A+

CRISIL A

INSTRUMENTS

45.11%24.71%

14.13%

8.40%5.17%

1.35%1.13%

BONDS & NCDsUnlistedCommercial PaperCertificate of Deposit

CBLO / Reverse RepoInvestmentsCENTRAL GOVERNMENTSECURITIESCash & Cash Equivalents

NAV AS ON 31 AUG 2016

NAV (Per Unit) `Plan ABonus NAGrowth 11.8044Dividend - Quarterly 10.6741Dividend - Monthly 10.6838Plan B - DirectBonus 12.0217Growth 12.0217Dividend - Quarterly 10.8825Dividend - Monthly 10.9119

An Open Ended Debt Scheme

12

31st August, 2016


Baroda Pioneer Gilt Fund


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

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


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

FUND DETAILS

Type of Scheme An Open Ended Gilt Scheme

Date of Allotment March 21, 2002


(Experience 12 yrs)

Benchmark I SEC-MI BEX


46.87 Crs



Entry Load Nil

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


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



NAV (Per Unit) `Plan AGrowth 24.9855Dividend 19.1488Plan B - DirectGrowth 25.8575Dividend 22.3855



TOTAL EXPENSE RATIO

Plan A 1.90%

Plan B (Direct) 1.20%

PORTFOLIO


% to Net Assets


7.59% CGL 2029 Sovereign 51.65%




9.39% SDL 2023 Sovereign 5.73%





Total 97.44%


Total 0.03%



Total 2.53%

Grand Total 100.00%

RATING PROFILE

97.44%

2.56%

Sovereign

Cash & Equivalent

INSTRUMENTS

97.44%

2.53% 0.03%

CENTRALGOVERNMENTSECURITIES



^ Applicable for new SIPs registered effective August 22, 2016$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

An Open Ended Gilt Scheme

13

31st August, 2016


Baroda Pioneer Income Fund


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

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


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

FUND DETAILS

Type of Scheme An Open Ended Income Scheme

Date of Allotment March 21, 2002


(Experience 12 yrs)

Benchmark CRISIL Composite Bond Fund Index


23.69 Crs



Entry Load Nil

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


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






TOTAL EXPENSE RATIO

Plan A 2.53%


PORTFOLIO


% to Net Assets


7.88% CGL 2030 Sovereign 11.27%

7.59% CGL 2026 Sovereign 10.93%










Total 62.24%

BONDS & NCDs



Aspire Home Finance Corporation Ltd.

[ICRA]AA- 9.40%

Rural Electrification Corporation Ltd.

CRISIL AAA 4.31%

Total 23.71%


Total 0.32%



Total 13.73%

Grand Total 100.00%


RATING PROFILE

62.24%

14.05%

10.00%

9.40%

4.31%

Sovereign

Cash & Equivalent

CRISIL A

[ICRA]AA-

CRISIL AAA

INSTRUMENTS

62.24%

23.71%

13.73%

0.32%

CENTRALGOVERNMENTSECURITIES

BONDS & NCDs



^ Applicable for new SIPs registered effective August 22, 2016$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

An Open Ended Income Scheme

14

31st August, 2016


Baroda Pioneer Dynamic Bond Fund


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

liquidity• Investment in medium to long term corporate bonds

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


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

FUND DETAILS



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

Benchmark CRISIL Composite Bond Fund Index




Entry Load Nil

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


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






TOTAL EXPENSE RATIO

Plan A 1.04%


PORTFOLIO


% to Net Assets


9.72% SDL 2023 Sovereign 22.22%

7.59% CGL 2029 Sovereign 20.23%

8.28% CGL 2027 Sovereign 10.76%



Total 61.07%

BONDS & NCDs


Vijaya Bank [ICRA]AA- 11.76%


[ICRA]AA- 8.03%


L&T Finance Ltd. [ICRA]AA+ 1.00%

Total 24.70%


Total 1.33%



Total 12.90%

Grand Total 100.00%


RATING PROFILE

61.07%

19.79%

14.23%

3.91%

1.00%

Sovereign

[ICRA]AA-

Cash & Equivalent

CRISIL A

[ICRA]AA+

INSTRUMENTS

61.07%

24.70%

12.90%1.33%

CENTRALGOVERNMENTSECURITIESBONDS & NCDs





15

31st August, 2016


Baroda Pioneer Short Term Bond Fund

Investors understand that their principal will be at Moderately Low risk

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

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


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

FUND DETAILS



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

Benchmark CRISIL Short Term Bond Fund Index




Entry Load Nil

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


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






TOTAL EXPENSE RATIO

Plan A 1.19%


PORTFOLIO


% to Net Assets


Certificate of Deposit**

Andhra Bank CRISIL A1+ 9.70%

State Bank of Hyderabad [ICRA]A1+ 5.63%

Total 15.33%

Commercial Paper**



Edelweiss Commodities Services Ltd.

CRISIL A1+ 1.59%

S D Corporation Pvt. Ltd. [ICRA]A1+ 1.13%

Total 12.62%

BONDS & NCDs


Edelweiss Commodities Services Ltd.

CARE AA 7.78%

Indiabulls HousingFinance Ltd.

CARE AAA 5.87%

Edelweiss Asset Reconstruction Company Ltd.

[ICRA]AA 5.86%



CARE AAA 2.34%

Piramal Enterprises Ltd. [ICRA]AA 2.34%



CRISIL AAA 1.98%



[ICRA]AA- 1.57%

Power FinanceCorporation Ltd.

CRISIL AAA 1.47%

India Infoline Housing Finance Ltd.

CRISIL AA 1.02%



CRISIL A+ 0.59%



CRISIL AAA 0.39%


CRISIL AAA 0.24%


CRISIL AAA 0.20%



CARE AAA 0.04%

Total 41.05%

Unlisted

Manappuram Finance Ltd. CRISIL AA- 6.99%


ARM Infra & UtilitiesPrivate Ltd.

BWR A1+(SO) 3.50%

PORTFOLIO


% to Net Assets

Janalakshmi Financial Services Ltd.

[ICRA]A+ 2.75%

Total 17.14%


Total 13.64%



Total 0.22%

Grand Total 100.00%


RATING PROFILE

13.86%

13.50%

11.29%

9.00%

8.25%

7.78%

7.58%

6.76%

4.28%

3.90%

3.50%

2.75%

2.32%

2.05%

1.57%

1.02%

0.59%

Cash & Equivalent

[ICRA]AA

CRISIL A1+

CRISIL AA-

CARE AAA

CARE AA

BWR A1+

[ICRA]A1+

CRISIL AAA

BWR A+ (SO)

BWR A1+(SO)

[ICRA]A+

[ICRA]A1

CARE AA-

[ICRA]AA-

CRISIL AA

CRISIL A+

INSTRUMENTS

41.05%

17.14%

15.33%

13.64%

12.62%0.22% BONDS & NCDs

Unlisted

Certificate of Deposit


Commercial Paper




16

31st August, 2016


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

^ Applicable for new SIPs registered effective August 22, 2016$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 Effective November 01, 2012, dividends declared under the Regular Plan (which has been discontinued from October 01, 2012) will be reinvested in Baroda Pioneer Treasury Advantage Fund (earlier called Institutional Plan) *For Disclaimer please refer page no 22# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

Investors understand that their principal will be at Moderately Low risk

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

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

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


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

FUND DETAILS

Type of Scheme An Open Ended Debt Scheme




(Experience 12 yrs)

Benchmark CRISIL Liquid Fund Index


2364.50 Crs



Entry Load Nil

Exit Load Nil


Options

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

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



TOTAL EXPENSE RATIOPlan A 0.85%


PORTFOLIO


% to Net

Assets


Certificate of Deposit**Andhra Bank CRISIL A1+ 2.24%State Bank of Hyderabad [ICRA]A1+ 0.40%Total 2.64%Commercial Paper**JSW Steel Ltd. [ICRA]A1+ 6.01%


Piramal Enterprises Ltd. [ICRA]A1+ 3.00%

Edelweiss Commodities Services Ltd. CRISIL A1+ 2.93%






IIFL Wealth Finance Ltd. [ICRA]A1+ 1.02%

Vedanta Ltd. CRISIL A1+ 0.61%

Total 28.55%

Fixed DepositBandhan Bank Ltd. Unrated 3.28%

Total 3.28%

BONDS & NCDs

Listed / awaiting listing on the stock exchangesIndiabulls Housing Finance Ltd. CARE AAA 3.09%Capital First Ltd. CARE AA+ 2.93%Capital First Ltd. CARE AA+ 2.79%India Infoline Housing Finance Ltd. [ICRA]AA 2.39%India Infoline Housing Finance Ltd. [ICRA]AA 2.28%Janalakshmi Financial Services Ltd. [ICRA]A+ 2.05%Piramal Enterprises Ltd. [ICRA]AA 2.05%Aspire Home FinanceCorporation Ltd. CRISIL A+ 1.91%

Aspire Home FinanceCorporation Ltd. [ICRA]AA- 1.90%

IIFL Facilities Services Ltd. [ICRA]AA 1.88%Piramal Enterprises Ltd. [ICRA]AA 1.64%JSW Steel Ltd. CARE AA- 1.44%Edelweiss Commodities Services Ltd. CARE AA 1.35%Power Finance Corporation Ltd. CRISIL AAA 1.07%Aspire Home FinanceCorporation Ltd. CRISIL A+ 1.03%

Power Finance Corporation Ltd. CRISIL AAA 1.03%Piramal Enterprises Ltd. [ICRA]AA 1.02%Indiabulls Housing Finance Ltd. CARE AAA 1.02%Aspire Home FinanceCorporation Ltd. [ICRA]AA- 0.99%

India Infoline Housing Finance Ltd. CRISIL AA 0.93%India Infoline Housing Finance Ltd. [ICRA]AA 0.92%Indiabulls Housing Finance Ltd. CARE AAA 0.78%Piramal Enterprises Ltd. [ICRA]AA 0.67%IIFL Facilities Services Ltd. [ICRA]AA 0.53%Power Finance Corporation Ltd. CRISIL AAA 0.41%Edelweiss Asset Reconstruction Company Ltd. [ICRA]AA 0.41%

Edelweiss Commodities Services Ltd. [ICRA]AA 0.41%

India Infoline Finance Ltd. [ICRA]AA 0.38%Rural Electrification Corporation Ltd. CRISIL AAA 0.31%Nabha Power Ltd. CRISIL AAA (SO) 0.29%Steel Authority of India Ltd. IND AA 0.20%Piramal Enterprises Ltd. [ICRA]AA 0.20%Power Grid Corporation of India Ltd. CRISIL AAA 0.19%Dewan Housing FinanceCorporation Ltd. BWR AAA 0.17%

Power Grid Corporation of India Ltd. CRISIL AAA 0.12%NHPC Ltd. [ICRA]AAA 0.11%India Infoline Housing Finance Ltd. [ICRA]AA 0.05%Piramal Enterprises Ltd. [ICRA]AA 0.03%Total 40.97%UnlistedARM Infra & Utilities Private Ltd. BWR A1+(SO) 3.72%

Manappuram Finance Ltd. CRISIL AA- 2.33%

ARM Infra & Utilities Private Ltd. BWR A1+ (SO) 1.02%


Powergrid Vizag Transmission Ltd. CRISIL AAA 0.42%

Total 8.49%


Total 15.42%

PORTFOLIO


% to Net

Assets



Total 0.65%

Grand Total 100.00%


RATING PROFILE

8.54%5.72%

14.86%14.25%

4.89%4.78%

3.72%3.62%3.55%3.28%2.94%2.89%

2.33%2.05%

1.44%1.35%1.02%1.00%0.93%

0.29%0.20%0.17%0.11%

[ICRA]AA[ICRA]A1+

16.07%Cash & Equivalent

CRISIL A1+CARE AA+CARE AAABWR A1+

BWR A1+(SO)[ICRA]A1

CRISIL AAAUnrated

CRISIL A+[ICRA]AA-CRISIL AA-

[ICRA]A+CARE AA-CARE AA

BWR A1+ (SO)BWR A+ (SO)

CRISIL AACRISIL AAA (SO)

IND AABWR AAA

[ICRA]AAA

INSTRUMENTS

40.97%

28.55%

15.42%

8.49%3.28%

2.64%0.65%

BONDS & NCDs

Commercial Paper

CBLO / Reverse RepoInvestmentsUnlisted

Fixed Deposit




NAV (Per Unit) `RegularGrowth 1763.1002Dividend - Daily 1002.7807Dividend - Weekly 1003.2572Dividend - Monthly 1004.5503Dividend - Quarterly 1197.1694Plan ABonus 1793.5089Growth 1806.5917Dividend - Daily 1028.2882Dividend - Weekly 1020.0876Dividend - Monthly 1004.7210Dividend - Quarterly

Plan B - DirectBonus 1827.8405Growth 1827.8242Dividend - Daily 1008.8997Dividend - Weekly 1003.3289Dividend - Monthly 1005.0055Dividend - Quarterly 1036.3258

1033.8785

An Open Ended Debt Scheme

17

31st August, 2016


[ICRA] A1+ mfs*Baroda Pioneer Liquid Fund

^ Applicable for new SIPs registered effective August 22, 2016$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 Effective November 01, 2012, dividends declared under the Regular Plan (which has been discontinued from October 01, 2012) will be reinvested in Baroda Pioneer Liquid Fund (earlier called Institutional Plan) *For Disclaimer please refer page no 22# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

Investors understand that their principal will be atLow risk

This product is suitable for investors who are seeking*

• Regular income over short term with high level of liquidity

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


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

FUND DETAILS

Type of Scheme An Open Ended Liquid Scheme

Date of Allotment February 5, 2009



(Experience 12 yrs)

Benchmark CRISIL Liquid Fund Index


7793.20 Crs



Entry Load Nil

Exit Load Nil


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

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



TOTAL EXPENSE RATIOPlan A 0.49%


PORTFOLIO


% to Net

Assets


Certificate of Deposit**

Corporation Bank CRISIL A1+ 4.43%

Total 4.43%

Commercial Paper**


National Bank For Agriculture andRural Development CRISIL A1+ 2.53%


Indiabulls Housing Finance Ltd. CRISIL A1+ 2.53%


India Infoline Finance Ltd. [ICRA]A1+ 2.53%

JSW Steel Ltd. CARE A1+ 2.52%

Religare Finvest Ltd. CRISIL A1+ 2.52%




Religare Finvest Ltd. [ICRA]A1+ 2.49%

IIFL Facilities Services Ltd. [ICRA]A1+ 1.76%

India Infoline Housing Finance Ltd. CRISIL A1+ 1.27%

Adani Ports and SpecialEconomic Zone Ltd. CRISIL A1+ 1.26%

India Infoline Housing Finance Ltd. [ICRA]A1+ 1.26%

Edelweiss Housing Finance Ltd. CRISIL A1+ 1.26%



Adani Gas Ltd. CARE A1+ 0.63%


Adani Gas Ltd. CARE A1+ 0.63%

India Infoline Housing Finance Ltd. [ICRA]A1+ 0.63%



Kotak Commodity Services Private Ltd. [ICRA]A1+ 0.31%

Religare Housing DevelopmentFinance Corporation Ltd. [ICRA]A1+ 0.31%

Total 44.75%

Treasury Bills

TBILL 91 DAY 22 Sep 2016 Sovereign 10.09%

TBILL 91 DAY 20 Oct 2016 Sovereign 0.63%

Total 10.71%

Fixed Deposit

HDFC Bank Ltd. Unrated 3.80%

IDBI Bank Ltd. Unrated 3.80%

Bandhan Bank Ltd. Unrated 2.14%

RBL Bank Ltd. Unrated 1.27%

Total 10.95%

CBLO /Reverse Repo investments 29.12%

Total 29.12%



Total 0.04%

Grand Total 100.00%


RATING PROFILE

29.50%

29.16%

1 . %0 95

10.7 %1

10.24%

8.82%

0.62%

CRISIL A1+

Cash & Equivalent

Unrated

Sovereign

[ICRA]A1+

CARE A1+

BWR A1+

INSTRUMENTS

44.75%

29.12%

11.01%

10.72%4.43% -0.03%

Commercial Paper

CBLO / Reverse RepoInvestmentsFixed Deposit

Treasury Bills




NAV (Per Unit) `RegularGrowth 2639.1203

Dividend 2261.0810Dividend - Daily 1006.0600Plan AGrowth 1791.7589Dividend - Daily 1001.1191Dividend - Weekly 1000.4490Plan B - DirectBonus 1797.9745Growth 1797.6692Dividend - Daily 1001.8422Dividend - Weekly 1224.6845

An Open Ended Liquid Scheme

18

31st August, 2016


Investment Performance

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

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

Jun 2014 - Jun 2015&

Jun 2013 - Jun 2014&

Since Inception@Scheme Name & Benchmark

Nav Per Unit (`) 78.03 66.56 47.68 10.00

Baroda Pioneer Growth Fund (in %)^ -0.55 17.23 39.60 17.35

S&P BSE 200 (Scheme Benchmark) (in %)* 0.41 12.01 34.45 15.36

Nifty 50 (Standard Benchmark) (in %)$ -0.96 9.95 30.28 15.07

` 10,000, if invested in BPGF, would have become NA NA NA `77,600

` 10,000, if invested in S&P BSE 200, would have become NA NA NA `62,378

` 10,000, if invested in Nifty 50, would have become NA NA NA `60,402

^Past performance may or may not be sustained in the future.Data is for Growth Option and the last working day of June has been considered in all cases. Returns have been computed assuming that all payouts during the period have been reinvested in the units of the Scheme at the respective prevailing NAVs. @Since Inception returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. &Absolute Returns, $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. * with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200.


Jun 2014 - Jun 2015&

Jun 2013 - Jun 2014&


Nav Per Unit (`) 111.05 96.31 68.34 10.00

Baroda Pioneer ELSS’ 96 Fund (in %)^ -0.90 15.31 40.93 12.56

S&P BSE 200 Sensex (Scheme Benchmark) (in %)* 0.41 12.01 34.45 12.13


`10,000, if invested in BPELSS’96F, would have become NA NA NA `1,10,048

`10,000, if invested in S&P BSE 200 Sensex, would have become NA NA NA `1,01,731

`10,000, if invested in Nifty 50, would have become NA NA NA `84,114

^Past performance may or may not be sustained in the future.Data is for Dividend Option and the last working day of June has been considered in all cases. Returns have been computed assuming that all payouts during the period have been reinvested in the units of the Scheme at the respective prevailing NAVs. @Since Inception returns are Compounded Annualised are calculated on the basis of `10 invested at inception. &Absolute Returns, $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. * with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200.


Jun 2014 - Jun 2015&

Jun 2013 - Jun 2014&


Nav Per Unit (`) 43.06 38.86 29.76 10.00

Baroda Pioneer Balance Fund (in %)^ 3.20 10.81 30.58 12.35

CRISIL Balanced Fund - Aggressive index (effective April 4, 2016) (Scheme Benchmark) (in %) 4.82 8.78 21.01 12.42


`10,000, if invested in BPBF, would have become NA NA NA `44,440

`10,000, if invested in CRISIL Balanced Fund - Aggressive index (effective April 4, 2016), would have become NA NA NA `44,811


^Past performance may or may not be sustained in the future.Data is for Growth Option and the last working day of June has been considered in all cases. Returns have been computed assuming that all payouts during the period have been reinvested in the units of the Scheme at the respective prevailing NAVs. @Since Inception returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. &Absolute Returns, $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.

Funds Managed by Mr. Dipak Acharya


Jun 2014 - Jun 2015&

Jun 2013 - Jun 2014&


Nav Per Unit (`) 15.99 13.62 10.83 10.00

Baroda Pioneer Banking and Financial Services Fund (in %)^ -1.69 17.40 25.76 11.90

Nifty Bank Index (Scheme Benchmark) (in %) -1.97 20.04 31.20 15.51


`10,000, if invested in BPBFSF, would have become NA NA NA `15,720

`10,000, if invested in Nifty Bank Index, would have become NA NA NA `17,867



19

31st August, 2016



Funds Managed by Mr. Dipak Acharya


Jun 2014 - Jun 2015&

Jun 2013 - Jun 2014&


Nav Per Unit (`) 11.71 11.27 6.93 10.00

Baroda Pioneer Infrastructure Fund (in %)^ -6.75 3.90 62.63 1.47

Nifty Infrastructure (Scheme Benchmark) (in %) -12.56 -3.51 49.55 -2.78


`10,000, if invested in BPIF, would have become NA NA NA `10,920

`10,000, if invested in Nifty Infrastructure would have become NA NA NA `8,439




Jun 2014 - Jun 2015&

Jun 2013 - Jun 2014&


Nav Per Unit (`) 8.39 9.20 6.28 10.00

Baroda Pioneer PSU Equity Fund (in %)^ -16.81 -8.80 46.50 -6.07

S&P BSE PSU (Scheme Benchmark) (in %) -12.06 -11.53 40.09 -7.52


`10,000, if invested in BPPSUEF, would have become NA NA NA `6,980

`10,000, if invested in S&P BSE PSU, would have become NA NA NA `6,381




Jun 2014 - Jun 2015&

Jun 2013 - Jun 2014&


Nav Per Unit (`) 14.80 13.53 12.55 10.00

Baroda Pioneer Short Term Bond Fund (in %)^ 8.54 9.41 7.83 8.21

CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 8.94 9.56 8.81 8.48

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 7.67 8.54 5.93 7.06

`10,000, if invested in BPSTBF, would have become NA NA NA `16,065

`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become NA NA NA `16,308

`10,000, if invested in CRISIL 1 year T-Bill, would have become NA NA NA `15,064


Funds Managed by Mr. Alok Sahoo, Ms Hetal Shah

20


Jun 2014 - Jun 2015&

Jun 2013 - Jun 2014&


Nav Per Unit (`) 1635.80 1503.27 1372.34 1000.00

Baroda Pioneer Liquid Fund (in %)^ 8.21 8.82 9.54 8.02

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 7.90 8.77 9.68 7.57

CRISIL 1 year T-Bill (Standard Benchmark) (in%)$ 7.67 8.54 5.93 6.17

`10,000, if invested in BPLF, would have become NA NA NA `17,701

`10,000, if invested in CRISIL Liquid Fund Index, would have become NA NA NA `17,168

`10,000, if invested in CRISIL 1 year T-Bill, would have become NA NA NA `15,582


31st August, 2016



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


Jun 2014 - Jun 2015&

Jun 2013 - Jun 2014&


Nav Per Unit (`) 1629.29 1491.04 1362.95 1000.00

Baroda Pioneer Treasury Advantage Fund (in %)^ 9.04 9.27 9.40 8.53

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 7.90 8.77 9.68 7.63


`10,000, if invested in BPTAF, would have become NA NA NA `17,765

`10,000, if invested in CRISIL Liquid Fund Index, would have become NA NA NA `16,753

`10,000, if invested CRISIL 1 year T-Bill, would have become NA NA NA `15,375


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

Jun 2014 - Jun 2015&

Jun 2013 - Jun 2014&


Nav Per Unit (`) 10.47 NA NA 10.00

Baroda Pioneer Credit Opportunities Fund (in %)^ 10.07 NA NA 10.38

CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 8.94 NA NA 8.63

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 7.67 NA NA 7.79

`10,000, if invested in BPCOF, would have become NA NA NA `11,523

`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become NA NA NA `11,261




Jun 2014 - Jun 2015&

Jun 2013 - Jun 2014&


Nav Per Unit (`) 18.69 16.89 15.02 10.00

Baroda Pioneer Monthly Income Plan (MIP) Fund (in %)^* 5.65 10.68 12.44 5.93

CRISIL MIP Blended Index (Scheme Benchmark) (in %) 8.63 11.05 8.28 8.37

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ 10.03 11.76 -2.47 5.82

`10,000, if invested in BPMIPF, would have become NA NA NA `19,750

`10,000, if invested in CRISIL MIP Blended Index, would have become NA NA NA `25,843

`10,000, if invested in CRISIL 10 Year Gilt Index, would have become NA NA NA `19,508

^Past performance may or may not be sustained in the future.Data is for Growth Option and the last working day of June has been considered in all cases. Returns have been computed assuming that all payouts during the period have been reinvested in the units of the Scheme at the respective prevailing NAVs. @Since Inception returns are Compounded Annualised and are calculated on the basis of `10 invested at in-ception. &Absolute Returns, $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.

Funds Managed by Ms. Hetal Shah

21

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

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

Jun 2014 - Jun 2015&

Jun 2013 - Jun 2014&


Nav Per Unit (`) 13.04 11.63 11.12 10.00

Baroda Pioneer Dynamic Bond Fund (in %)^ 9.48 12.13 4.65 9.31

CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 10.19 11.10 4.60 9.11


`10,000, if invested in BPDBF, would have become NA NA NA `14,281

`10,000, if invested in CRISIL Composite Bond Fund Index, would have become NA NA NA `14,178



31st August, 2016



Funds Managed by Ms. Hetal Shah


Jun 2014 - Jun 2015&

Jun 2013 - Jun 2014&


Nav Per Unit (`) 21.82 19.76 19.06 10.00

Baroda Pioneer Income Fund (in %)^ 8.34 10.40 3.72 6.21

CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 10.19 11.10 4.60 6.92

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ 10.03 11.76 -2.47 6.60

`10,000, if invested in BPIF, would have become NA NA NA `23,642

`10,000, if invested in CRISIL Composite Bond Fund Index, would have become NA NA NA `26,008



Disclaimer Nifty Bank Index & and Nifty Infra: Baroda Pioneer Infrastructure Fund and Baroda Pi oneer Banking and Financial

Services Fund (“said Schemes”) offered by Baroda Pioneer Mutual Fund are not sponsored, endorsed, sold or promoted by India

Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied (including war-

ranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Schemes or

any member of the public regarding the advisability of investing in securities generally or in the said Schemes linked to Nifty Infra

and Nifty Bank Index or particularly in the ability of the Nifty Infra, and Nifty Bank Index to track general stock market performance

in India. Please read the full disclaimers in relation to the Nifty Infra and Nifty Bank Index in the Offer Document / Prospectus /

Information Statement.

Disclaimer S&P BSE 200: Baroda Pioneer Growth Fund and Baroda Pioneer ELSS’ 96 Fund (“said Schemes”) offered by Baroda

Pioneer Mutual Fund are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does

not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular pur-

pose 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.

*ICRA Credit Ratings: The rating indicates highest-credit quality rating assigned by ICRA Ltd. to debt funds. Schemes with this

rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they

have made. This rating should however not be construed as an indication of the performance of the Mutual Fund scheme or of

volatility in its returns. The rating should not be treated as a recommendation to buy, sell or hold the units issued by the Mutual

Fund.

22


Jun 2014 - Jun 2015&

Jun 2013 - Jun 2014&


Nav Per Unit (`) 22.00 19.71 18.80 10.00

Baroda Pioneer Gilt Fund (in %)^ 8.84 11.65 4.81 6.30

I-Sec Mi-BEX (Scheme Benchmark) (in %) 11.09 11.42 6.58 7.74

CRISIL 10 Year Gilt Index (Standard Benchmark)$ 10.03 11.76 -2.47 6.60

`10,000, if invested in BPGF, would have become NA NA NA `23,948

`10,000, if invested in I-Sec Mi-BEX, would have become NA NA NA `29,019



31st August, 2016


SIP Returns

23

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

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 15,40,000

Total Value as on Jun 30, 2016 (Rs) 1,25,306 4,33,730 8,35,824 12,10,616 20,83,248 38,25,637 Returns (%) 8.32 12.50 13.23 10.27 10.63 13.28 Total Values of Nifty 100 (Rs) 1,26,111 4,20,345 8,05,027 11,88,017 19,80,857 34,06,330

S&P BSE 200 Returns (%)* 9.60 10.34 11.71 9.74 9.68 11.65 Total Value of Nifty 50 (Rs) 1,25,632 4,06,397 7,75,087 11,52,292 19,11,265 33,08,455 Nifty 50 Returns (%) 8.84 8.04 10.19 8.89 9.01 11.24

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


Total Value as on Jun 30, 2016 (Rs) 1,24,215 4,25,680 8,30,997 12,18,575 19,82,904 1,12,02,947 Returns (%) 6.59 11.21 13.00 10.45 9.70 13.43

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

1,26,111 4,20,345 8,05,027 11,88,017 19,80,857 1,15,08,565

S&P BSE 200 SENSEX Returns (%)* 9.60 10.34 11.71 9.74 9.68 13.65 Total Value of Nifty 50 (Rs) 1,25,632 4,06,397 7,75,087 11,52,292 19,11,265 99,76,967 Nifty 50 Returns (%) 8.84 8.04 10.19 8.89 9.01 12.49

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

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

Total Value as on Jun 30, 2016 (Rs) 1,15,767 3,49,167 5,81,115 6,50,010 Returns (%) -6.49 -1.98 -1.26 -2.05 Total Values of S&P BSE PSU (Rs) 1,21,948 3,58,593 5,81,903 6,47,207 S&P BSE PSU Returns (%) 3.03 -0.25 -1.21 -2.20 Total Value of Nifty 50 (Rs) 1,25,632 4,06,397 7,75,087 9,03,343 Nifty 50 Returns (%) 8.84 8.04 10.19 9.28

Baroda Pioneer InfrastructureFund

1 Year 3 Years 5 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 7,30,000

Total Value as on Jun 30, 2016 (Rs) 1,21,956 4,15,074 7,59,270 9,03,256 Returns (%) 3.04 9.48 9.36 6.92 Total Values of Nifty Infra (Rs) 1,23,827 3,73,580 6,48,403 7,60,748 Nifty Infra Returns (%) 5.98 2.42 3.06 1.34 Total Value of Nifty 50 (Rs) 1,25,632 4,06,397 7,75,087 9,65,153 Nifty 50 Returns (%) 8.84 8.04 10.19 9.08

Baroda Pioneer Banking andFinancial Services Fund

1 Year 3 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 4,90,000

Total Value as on Jun 30, 2016 (Rs) 1,29,458 4,38,849 6,27,563 Returns (%) 14.97 13.31 12.15 Total Values of Nifty Bank Index (Rs) 1,27,999 4,43,512 6,48,406 Nifty Bank Index Returns (%) 12.62 14.05 13.79 Total Value of Nifty 50 (Rs) 1,25,632 4,06,397 5,97,612 Nifty 50 Returns (%) 8.84 8.04 9.71

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


Total Value as on Jun 30, 2016 (Rs) 1,26,515 4,24,518 8,07,724 12,06,333 19,05,890 29,62,816 Returns (%) 10.25 11.02 11.85 10.17 8.95 9.68 Total Values of CRISIL BalancedFund Index (Rs)

1,25,965 4,12,549 7,74,899 11,63,296 19,29,595 30,90,720

CRISIL Balanced Fund – Aggressive Index Returns (%)

9.37 9.06 10.18 9.15 9.19 10.28

Total Value of Nifty 50 (Rs) 1,25,632 4,06,397 7,75,087 11,52,292 19,11,265 33,08,637 Nifty 50 Returns (%) 8.84 8.04 10.19 8.89 9.01 11.24

Baroda Pioneer Monthly Income Plan (MIP) Fund*

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


Total Value as on Jun 30, 2016 (Rs) 1,24,311 4,10,543 7,49,920 11,23,835 17,18,113 21,25,218 Returns (%) 6.76 8.74 8.86 8.19 6.98 6.58 Total Values of CRISIL MIP Blended Index (Rs)

1,26,145 4,18,826 7,65,369 11,56,851 18,68,594 23,94,773

CRISIL MIP Blended Index Returns 9.67 10.10 9.68 9.00 8.58 8.47 Total Value of CRISIL 10 Year Gilt Index Returns (%) (Rs)

1,26,013 4,15,666 7,38,695 10,94,343 17,19,018 21,54,694

CRISIL 10 Year Gilt Index Returns (%) 9.46 9.58 8.26 7.44 6.99 6.80

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

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

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

31st August, 2016


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

(Rs)Per Unit$ (Rs)

Baroda Pioneer Growth Fund - Plan A - Dividend24-Jun-16 24-Jun-16 28.00 33.72 2.80

24-Jul-15 24-Jul-15 35.00 39.49 3.50

17-Feb-14 17-Feb-14 25.00 24.67 2.50Baroda Pioneer Growth Fund - Plan B - Direct - Dividend24-Jun-16 24-Jun-16 28.00 33.05 2.80

24-Jul-15 24-Jul-15 35.00 38.61 3.50

17-Feb-14 17-Feb-14 25.00 25.02 2.50Baroda Pioneer ELSS 96 - Plan A - Dividend22-Mar-16 23-Mar-16 25.00 28.50 2.50

23-Feb-15 23-Feb-15 22.50 32.32 2.25

14-Mar-14 14-Mar-14 20.00 22.73 2.00

Baroda Pioneer ELSS 96 - Plan B - Direct - Dividend23-Feb-15 23-Feb-15 22.50 33.19 2.25

14-Mar-14 14-Mar-14 20.00 23.15 2.00

01-Feb-13 01-Feb-13 15.00 23.06 1.50

Baroda Pioneer Infrastructure Fund - Plan A - Dividend09-Jan-15 09-Jan-15 9.00 10.38 0.90

Baroda Pioneer Infrastructure Fund - Plan B - Direct - Dividend09-Jan-15 09-Jan-15 9.00 10.54 0.90

Baroda Pioneer Banking and Financial Services Fund - Plan A - Dividend09-Sep-14 09-Sep-14 10.00 13.29 1.00

Baroda Pioneer Banking and Financial Services Fund - Plan B - Direct - Dividend09-Sep-14 09-Sep-14 10.00 13.46 1.00

Baroda Pioneer Balance Fund - Plan A- Dividend24-Jun-16 24-Jun-16 5.00 17.19 0.50

22-Mar-16 23-Mar-16 10.00 17.11 1.00

30-Dec-15 30-Dec-15 15.00 19.33 1.50Baroda Pioneer Balance Fund - Plan B - Direct - Dividend24-Jun-16 24-Jun-16 5.00 18.15 0.50

22-Mar-16 23-Mar-16 10.00 17.97 1.00

30-Dec-15 30-Dec-15 15.00 20.18 1.50Baroda Pioneer MIP Fund - Plan A - Monthly Dividend*25-Aug-16 25-Aug-16 0.48 13.50 0.05

25-Jul-16 25-Jul-16 0.48 13.38 0.05

24-Jun-16 24-Jun-16 0.48 13.20 0.05Baroda Pioneer MIP Fund - Plan B - Direct - Monthly Dividend*25-Aug-16 25-Aug-16 0.48 13.69 0.05

25-Jul-16 25-Jul-16 0.48 13.56 0.05

24-Jun-16 24-Jun-16 0.48 13.36 0.05Baroda Pioneer MIP Fund - Plan A - Quarterly Dividend*24-Jun-16 24-Jun-16 1.44 12.97 0.14

22-Mar-16 23-Mar-16 1.44 12.83 0.14

25-Jan-16 25-Jan-16 0.48 13.17 0.05Baroda Pioneer MIP Fund - Plan B - Direct - Quarterly Dividend*24-Jun-16 24-Jun-16 1.44 13.17 0.14

22-Mar-16 23-Mar-16 1.44 13.00 0.14

30-Dec-15 30-Dec-15 1.44 13.16 0.14Baroda Pioneer Credit Opportunities Fund - - Plan A - Quarterly Dividend24-Jun-16 24-Jun-16 1.52 10.6109 0.15

22-Mar-16 23-Mar-16 1.52 10.5417 0.15

30-Dec-15 30-Dec-15 1.52 10.5284 0.15Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Quarterly Dividend24-Jun-16 24-Jun-16 1.52 10.7891 0.15

22-Mar-16 23-Mar-16 1.52 10.6887 0.15

30-Dec-15 30-Dec-15 1.52 10.6471 0.15Baroda Pioneer Credit Opportunities Fund - - Plan A - Monthly Dividend25-Aug-16 25-Aug-16 0.51 10.7353 0.05

25-Jul-16 25-Jul-16 0.51 10.6704 0.05

24-Jun-16 24-Jun-16 0.51 10.6178 0.05Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Monthly Dividend25-Aug-16 25-Aug-16 0.51 10.9608 0.05

25-Jul-16 25-Jul-16 0.51 10.8815 0.05

24-Jun-16 24-Jun-16 0.51 10.8151 0.05

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

(Rs)Per Unit$ (Rs)

Baroda Pioneer Dynamic Bond Fund - Plan A- Dividend27-Jun-16 27-Jun-16 2.89 12.1528 0.29

22-Mar-16 23-Mar-16 5.06 12.5843 0.51

25-Jun-13 25-Jun-13 2.97 10.0000 0.30Baroda Pioneer Dynamic Bond Fund - Plan B - Direct - Dividend27-Jun-16 27-Jun-16 2.89 12.5981 0.29

22-Mar-16 23-Mar-16 5.06 13.0024 0.51

25-Jun-13 25-Jun-13 3.07 10.0000 0.31Baroda Pioneer Gilt Fund - Plan A - Dividend24-Jun-16 24-Jun-16 8.67 19.49 0.8722-Mar-16 23-Mar-16 8.67 20.31 0.87

21-Mar-14 21-Mar-14 19.48 16.42 1.95

Baroda Pioneer Gilt Fund - Plan B - Direct - Dividend21-Mar-14 21-Mar-14 19.48 16.55 1.95

Baroda Pioneer Liquid Fund - Plan A - Dividend04-Mar-05 05-Mar-05 3.50 1016.27 35.00

06-Jan-04 07-Jan-04 9.50 1004.32 95.00

13-May-02 14-May-02 0.75 1002.43 7.50Baroda Pioneer Short Term Bond Fund - Plan A- Dividend20-Jun-16 20-Jun-16 0.25 10.05 0.03

06-Jun-16 06-Jun-16 0.23 10.01 0.02

20-May-16 23-May-16 0.22 10.04 0.02Baroda Pioneer Short Term Bond Fund - Plan B - Direct - Dividend20-Jun-16 20-Jun-16 0.27 10.04 0.03

06-Jun-16 06-Jun-16 0.25 10.01 0.02

20-May-16 23-May-16 0.24 10.04 0.02Baroda Pioneer Treasury Advantage Fund Reg - Monthly Dividend25-Aug-16 25-Aug-16 0.53 1010.76 5.33

25-Jul-16 25-Jul-16 0.48 1009.76 4.78

24-Jun-16 24-Jun-16 0.46 1008.17 4.64Baroda Pioneer Treasury Advantage Fund - Plan A - Monthly Dividend25-Aug-16 25-Aug-16 0.58 1011.48 5.83

25-Jul-16 25-Jul-16 0.53 1010.48 5.28

24-Jun-16 24-Jun-16 0.51 1008.87 5.12Baroda Pioneer Treasury Advantage Fund - Plan B - Direct - Monthly Dividend25-Aug-16 25-Aug-16 0.61 1011.91 6.12

25-Jul-16 25-Jul-16 0.56 1010.93 5.58

24-Jun-16 24-Jun-16 0.54 1009.31 5.42Baroda Pioneer Treasury Advantage Fund Reg - Quarterly Dividend27-Jun-14 27-Jun-14 2.34 1006.66 23.38

21-Mar-14 21-Mar-14 0.78 1011.22 7.79

24-Jun-16 24-Jun-16 1.44 1036.72 14.45Baroda Pioneer Treasury Advantage Fund - Plan A - Quarterly Dividend24-Jun-16 24-Jun-16 1.44 1035.24 14.45

22-Mar-16 23-Mar-16 1.44 1029.62 14.45

30-Dec-15 30-Dec-15 1.44 1029.97 14.45Baroda Pioneer Treasury Advantage Fund -Plan B- Direct - Quarterly Dividend24-Jun-16 24-Jun-16 1.44 1036.72 14.45

22-Mar-16 23-Mar-16 1.44 1029.80 14.45

30-Dec-15 30-Dec-15 1.66 1032.10 16.61Baroda Pioneer Income Fund - Plan A - Dividend24-Jun-16 24-Jun-16 10.11 22.13 1.0122-Mar-16 23-Mar-16 10.11 23.14 1.01

Baroda Pioneer Income Fund - Plan B - Direct - Dividend24-Jun-16 24-Jun-16 10.11 22.16 1.0122-Mar-16 23-Mar-16 10.11 23.15 1.01

Dividend History

24

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

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

31st August, 2016

BARODA PIONEER MUTUAL FUND25

karvy Computershare Private LimitedAddress and Contact detailsMFS Branches

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

31st August, 2016


com 0253-6611395 • Ratlam [email protected] 07412-402007 • Sagar [email protected] 07582-402404 • Ujjain [email protected] 0734-4250007 • Asansol [email protected] 0341-3266507 • Balasore [email protected] 06782-260503 • Bankura [email protected] 03242-255964 • Barhampore (Wb) [email protected] 03482 274494 • Berhampur (Or) [email protected] 0680-2228106 • Bhilai [email protected] 0788-2295999 • Bhubaneswar [email protected] 0674-6534585 • Bilaspur [email protected] 07752-408436• Bokaro [email protected] 9204061959 • Burdwan [email protected] 0342-2665140 • Chinsura [email protected] 033-26810164 • Cuttack [email protected] 0-9238102118 • Dhanbad [email protected] 0326-6452027, 0326- 2301045 • Durgapur [email protected] 0343-6512111 • Gaya [email protected] 0631-2220065 • Jalpaiguri [email protected] 03561-222136 • Jamshedpur [email protected] 0657-6655000 • Kharagpur [email protected] 03222-253380 • Kolkata [email protected] ; [email protected] 033-40611135/ 36; 033-24659263/9267, 24635432, 24669450, 24196462 • Malda [email protected] 03512-223763 • Patna [email protected] 0612-6453098 • Raipur [email protected] 0771-4052620 • Ranchi [email protected] 0651-2331320 • Rourkela [email protected] 0661-2500005 • Sambalpur [email protected] 0663-2522105 • Siliguri [email protected] 0353-2526393, 0353-2522579 • Agra [email protected] 9369918603 • Aligarh [email protected] 9369918604 • Allahabad [email protected] 9369918605 • Ambala [email protected] 9315017301 • Azamgarh [email protected] 9307910001 • Bareilly [email protected] 9369918607 • Begusarai [email protected] 9308793949 • Bhagalpur [email protected] 9386256100 • Darbhanga [email protected] 06272-220145 • Dehradun [email protected] 9369918608 • Deoria [email protected] 7499496134 • Faridabad [email protected] 9310448851 • Ghaziabad [email protected] 9310448804 • Ghazipur [email protected] 7499496131 •Gonda [email protected] 7499496127 • Gorakhpur [email protected] 9369918610 • Gurgaon [email protected] 9310448806 • Gwalior [email protected] 9300004262 • Haldwani [email protected] 9369918611 • Haridwar [email protected] 9369918612 • Hissar [email protected] 9315017303 • Jaunpur [email protected] 9369918613 • Jhansi [email protected] 9369918614 • Kanpur [email protected] 9369918615/6 • Korba [email protected] 9300155683 • Lucknow [email protected] 9369918600 • Mandi [email protected] 9318873501• Mathura [email protected] 9369918618 • Meerut [email protected] 9369918619 •Mirzapur [email protected] 7499496133 • Moradabad [email protected] 9369918620 •Morena [email protected] 7489361265 • [email protected] 9386256101 •Noida [email protected] 9310448805 • Panipat [email protected] 9315017304 • Renukoot [email protected] 7499495854 • Rewa [email protected] 7489755878 • Rohtak [email protected] 9315017305 • Roorkee [email protected] 9369918621 • Saharanpur [email protected] 9369918622 • Satna [email protected] 9300004263 • Shaktinagar [email protected] 7499496129 • Shimla [email protected] 9318644501 • Shivpuri [email protected] 9303028921 • Sitapur [email protected] 9369918623 • Solan [email protected] 9318991871 • Sonepat [email protected] 9315457164 • Sultanpur [email protected] 9369918624 • Varanasi [email protected] 9369918626 • Yamuna Nagar [email protected] 9315017306 • Kolhapur [email protected] 0231 2653656 • Mumbai [email protected] 022-66235353 • Pune [email protected] 020-25533795 • Ajmer [email protected] 0145-5120725 • Alwar [email protected] 0144-3291200 • Amritsar [email protected] 0183-5053802 •Bhatinda [email protected] 0164-5006725 • Bhilwara [email protected] 01482-246362 •Bikaner [email protected] 0151-2200014 •Chandigarh [email protected] 0172-5101342 •Ferozpur [email protected] 01632-241814 •Hoshiarpur [email protected] 01882-500143 •Jaipur [email protected] 0141-4167714 • Jalandhar [email protected] 0181-5094410 • Jammu [email protected] 0191-2458820 • Jodhpur [email protected] 0291-6454590 • Karnal [email protected] 0184-2252524 •Kota [email protected] 0744-5100964 • Ludhiana [email protected] 0161-4648747 • Moga [email protected] 01636-230792 • New Delhi [email protected] 011-43681700 • Pathankot [email protected] 0186-5080188 • Patiala [email protected] 0175-5004349 • Sikar [email protected] 01572-250398 • Sri Ganganagar [email protected] 0154-2470177 • Udaipur [email protected] 0294-2429370 • Chembur 022-662215536 • Vashi 022-27802684 • Borivali 022- 28916319 • Thane 022 25428475

26

31st August, 2016


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

Documents

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