Factsheet February 2014
MD s Desk Dear Investors, Warm Greetings! Equity markets rebounded in February after some weakness in the previous month. Both large caps and midcaps moved higher. The S&P CNX Nifty edged higher by 2.30% with midcap and smallcap indices rising 3.62% and 2.72% respectively. Capital goods and auto were the biggest gainers with metals seeing the sharpest erosion in February. Mr. Jaideep Bhattacharya Managing Director While most emerging economies are witnessing constraints as far as dollar inflows are concerned, India is holding its own. FIIs invested USD263m in Indian equities, although domestic investors mutual funds and insurers remained net sellers of equities to the tune of ~USD200m. The finance minister presented his vote on account with estimated fiscal deficit of 4.6% vis-à-vis 4.8% targeted. He pegged the next year s deficit target at 4.1%. On a positive note, the budget was shorn of any populist measures. In a relief to the industry and policymakers, the WPI-based inflation for January 2014 printed at an eight month low of 5.05%. Moderation in food prices was the primary reason for the dip, which also reflected in the CPI-based inflation. At 8.8% year-on-year, CPI inflation is now at a 24-month low. Food inflation in January 2014 benefited from a 21% drop in vegetable prices month-on-month on the back of good monsoons. Core WPI inflation remains a concern rising to 3% - its highest level since April 2013. Results for the third quarter held no surprises for investors. Revenue growth continues to remain weak thanks to sluggish demand but companies managed to safeguard margins by cutting down on discretionary spending like marketing. The IIP contracted by 0.6% year-on-year in December 2013, which is the third successive month of decline. On a positive note, IIP is picking up month-on-month. Electricity production continues to grow, although mining growth turned weak. Manufacturing output continues to worry policymakers falling by 1.6% year-on-year. This is a direct consequence of weak consumption. The country s trade deficit narrowed to USD9.9 bn in January 2014 from USD10.1 bn in December 2013. On a year-on-year basis, trade deficit fell nearly 50% in January 2014 on the back of falling imports and rising exports. Non-oil imports slumped by 22% YoY thanks to weak domestic demand and restrictions on gold imports. However, exports grew in single digits, which is of some concern given the persistent weakness. One reason for the poor show is sustained fall in the value of petroleum exports as a result of flattish crude prices. So long as global petroleum prices remain subdued exports of related products will likely be sluggish. India GDP for October-December 2013 quarter was quite dismal at 4.7%. Slowdown in industrial output as also investments are proving to be a drag on GDP growth. Gold moved up sharply by 6.8% mainly due to weakness in emerging markets particularly China and poor outlook on US jobs. We believe markets are well-poised for long-term investors with a 3-5 year investment horizon. With a new government to be ushered in over the next few months, business sentiment is likely perk up once there is clarity on policy. As always we recommend the SIP route to retail investors to eliminate market timing and make the most of rupee cost averaging. Regards, Jaideep Bhattacharya Managing Director (Source: www.economictimes.indiatimes.com)
INDEX Title Baroda Pioneer Growth Fund Pg 4 Baroda Pioneer ELSS 96 Pg 5 Baroda Pioneer PSU Equity Fund Pg 6 Baroda Pioneer Infrastructure Fund Pg 7 Baroda Pioneer Balanced Fund Pg 8 Baroda Pioneer Banking and Financial Service Fund Pg 9 Baroda Pioneer Monthly Income Plan (MIP) Fund Pg 10 Baroda Pioneer Income Fund Pg 11 Baroda Pioneer Gilt Fund Pg 12 Baroda Pioneer Short Term Bond Fund Pg 13 Baroda Pioneer Public Sector Undertaking (PSU) Bond Fund Pg 14 Baroda Pioneer Treasury Advantage Fund Pg 15 Baroda Pioneer Liquid Fund Pg 16 Baroda Pioneer Dynamic Bond Fund Pg 17 Investment Performance Pg 18
Baroda Pioneer Growth Fund An Open Ended Growth Scheme Capital appreciation over long term Investment predominantly in equity and equity related instruments. High risk (BROWN) To generate long term Capital appreciation from an actively managed of equity & equity related instruments. An Open Ended Growth Scheme Date of Allotment September 12, 2003 Fund Manager Mr. Dipak Acharya # Benchmark CNX 100* Average AUM () 177.52 Crs (Oct-Dec 2013) Minimum Investment 5,000/- & in multiples of 1/- Option 1% if redeemed on or before 365 days from the date of allotment, if redeemed after 365 days from the date of allotment of units and Plan B (Direct) 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 1000/month - 6 Installments, 1500/quarter - 4 Installments, Risk profile 28 FEBRUARY 2014 Standard deviation 18.80 Sharpe -0.30 Beta 1.01 Portfolio Turnover (last 12 months) 1.12 Growth 51.8400 Dividend 25.5200 Growth 52.6000 Dividend 25.8900 EQUITY & EQUITY RELATED Infosys Software 6.01% Tata Consultancy Services Reliance Industries Petroleum Products Software 5.77% 5.27% HDFC Bank Banks 5.11% Larsen & Toubro Construction Project 4.67% HCL Technologies Software 3.99% Housing Development Finance Corporation Finance 3.74% ICICI Bank Banks 3.07% Tata Motors Auto 3.07% ITC 2.91% Divi's Laboratories Pharmaceuticals 2.46% Sun Pharmaceuticals Industries Pharmaceuticals 2.45% The Federal Bank Banks 2.24% Bharti Airtel Telecom - Services 2.19% Oil & Natural Gas Corporation Crompton Greaves Oil 1.96% Industrial Capital 1.95% Bharat Forge Industrial Products 1.94% Tata Steel Ferrous Metals 1.92% Maruti Suzuki India Bata India Motherson Sumi Systems Auto 1.85% Consumer 1.83% Auto Ancillaries 1.76% Tech Mahindra Software 1.70% Bank of Baroda Banks 1.68% Lupin Pharmaceuticals 1.64% IndusInd Bank Banks 1.61% Zee Entertainment Enterprises Amara Raja Batteries Media & Entertainment 1.50% Auto Ancillaries 1.40% Pidilite Industries Chemicals 1.38% Nestle India Mahindra & Mahindra Tata Global Beverages Oracle Financial Services Software Dabur India 1.30% Auto 1.28% 1.28% Software 1.27% Alstom T&D India Industrial Capital 1.23% 1.22% Hero MotoCorp Auto 1.20% Eicher Motors Auto 1.17% Cummins India Industrial Products 1.13% Mahindra & Mahindra Financial Services Finance 1.01% Exide Industries Auto Ancillaries 0.98% UPL Pesticides 0.95% Yes Bank Banks 0.93% Colgate Palmolive (India) Kotak Mahindra Bank 0.91% Banks 0.87% Persistent Systems Software 0.79% Sesa Sterlite Minerals/Mining 0.70% JSW Steel Ferrous Metals 0.67% Hindustan Petroleum Corporation Petroleum Products 0.47% Total 96.43% BONDS & NCDs Dr. Reddy's Laboratories ICRA AA+ 0.01% Total 0.01% CBLO / Reverse Repo Investments 3.05% Total 3.05% Net Receivable/Payable 0.51% Total 0.51% Top Sectors # For performance of the Schemes managed by the said Fund manager, either individually or jointly, please refer page no 18-21 *For Disclaimer please refer page no 21 4
Baroda Pioneer ELSS 96 An Open Ended Tax Benefit - Cum - Growth Scheme Capital growth over long term Investment predominantly in equity and equity-related securities High risk (BROWN) 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. An Open Ended Tax Benefit- Cum-Growth Scheme Date of Allotment March 31, 1996 Fund Manager Mr. Dipak Acharya # Benchmark S&P BSE SENSEX Average AUM () 26.68 Crs (Oct-Dec 2013) Minimum Investment 500/- & in multiples of 1/- Option and Plan B (Direct) The Scheme(s) offer: Divided Payout Option Bonus Option 1000/month - 6 Installments 1500/quarter - 4 Installments Risk profile 28 FEBRUARY 2014 Standard deviation 18.57 Sharpe -0.19 Beta 1.03 Portfolio Turnover (last 12 months) 1.17 Dividend 24.1500 Bonus 24.1500 Dividend 24.5600 Bonus N.A. EQUITY & EQUITY RELATED Tata Consultancy Services Software 6.05% Infosys Software 5.34% HDFC Bank Banks 4.91% Reliance Industries Petroleum Products Larsen & Toubro Construction Project 4.73% 4.37% HCL Technologies Software 3.95% ICICI Bank Banks 3.37% Housing Development Finance Corporation Bata India ITC Sun Pharmaceuticals Industries Finance 2.64% Consumer 2.58% 2.58% Pharmaceuticals 2.31% Tata Motors Auto 2.24% Tata Steel Ferrous Metals 2.22% Oil & Natural Gas Corporation Crompton Greaves Oil 2.13% Industrial Capital 2.12% MRF Auto Ancillaries 2.05% Divi's Laboratories Pharmaceuticals 2.04% Maruti Suzuki India Auto 1.99% IPCA Laboratories Pharmaceuticals 1.97% The Federal Bank Banks 1.93% Mahindra & Mahindra Voltas Auto 1.92% Construction Project 1.91% Tech Mahindra Software 1.84% Bharti Airtel Telecom - Services 1.75% Alstom T&D India Industrial Capital 1.66% Lupin Pharmaceuticals 1.60% Pidilite Industries Chemicals 1.54% ING Vysya Bank Banks 1.45% IndusInd Bank Banks 1.42% Nestle India Tata Global Beverages Oracle Financial Services Software Bajaj Electricals 1.39% 1.38% Software 1.34% Consumer 1.32% Bayer Cropscience Pesticides 1.31% Bank of Baroda Banks 1.28% Motherson Sumi Systems Auto Ancillaries 1.25% eclerx Services Software 1.19% Cummins India Industrial Products 1.18% Sesa Sterlite Minerals/Mining 1.15% Eicher Motors Auto 1.10% Bharat Forge Industrial Products 1.10% Yes Bank Banks 1.09% Persistent Systems Software 1.06% Dabur India 0.99% Hero MotoCorp Auto 0.85% WABCO India Auto Ancillaries 0.63% Zee Entertainment Enterprises Carborundum Universal Media & Entertainment 0.48% Industrial Products 0.33% Total 97.03% BONDS & NCDs Dr. Reddy's Laboratories ICRA AA+ 0.01% Total 0.01% CBLO / Reverse Repo Investments 2.01% Total 2.01% Net Receivable/Payable 0.95% Total 0.95% Top Sectors # For performance of the Schemes managed by the said Fund manager, either individually or jointly, please refer page no 18-21 5
Baroda Pioneer PSU Equity Fund An Open Ended Equity Scheme Growth in capital along with the liquidity over long term Investment predominantly in equity stocks of domestic Public Sector Undertakings. High risk (BROWN) The primary investment objective of the Scheme is to provide investors wit 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. An Open Ended Equity Scheme Date of Allotment December 4, 2010 Fund Manager Mr. Dipak Acharya # Benchmark S&P BSE PSU Index Average AUM () 48.19 Crs (Oct-Dec 2013) Minimum Investment 5,000/- & in multiples of 1/- Option 1.00% if redeemed on or before 365 days from the date of allotment of units, if redeemed after 365 days from the date of allotment of units and Plan B (Direct) 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 1000/month - 6 Installments, 1500/quarter - 4 Installments, Risk profile 28 FEBRUARY 2014 Standard deviation 21.36 Sharpe -0.94 Beta 0.97 Portfolio Turnover (last 12 months) 0.67 Growth 5.6300 Dividend 5.6300 Growth 5.6800 EQUITY & EQUITY RELATED Oil & Natural Gas Corporation % to Net Oil 10.40% NTPC Power 8.02% State Bank of India Banks 7.52% Coal India NMDC Minerals/ Mining Minerals/ Mining 6.53% 6.11% GAIL (India) Gas 4.47% Bharat Heavy Electricals Industrial Capital 4.45% Bank of Baroda Banks 4.30% BEML Gujarat Mineral Development Corporation Rural Electrification Corporation Industrial Capital Minerals/ Mining 4.15% 3.65% Finance 3.24% Punjab National Bank Banks 3.08% Bank of India Banks 3.06% Oil India Oil 3.05% The Jammu & Kashmir Bank Banks 2.97% Steel Authority of India Ferrous Metals 2.86% Container Corporation of India National Aluminium Company Power Grid Corporation of India Mangalore Refinery and Petrochemicals Bharat Electronics Engineers India Bharat Petroleum Corporation Transportation 2.32% Non - Ferrous Metals 2.24% Power 2.17% Petroleum Products Industrial Capital Construction Project Petroleum Products 2.05% 2.01% 2.01% 1.69% Gujarat State Petronet Gas 1.63% Gujarat Gas Company Gas 1.53% Hindustan Petroleum Corporation Petroleum Products 1.48% Indian Bank Banks 0.39% Total 97.38% CBLO / Reverse Repo Investments 5.72% Total 5.72% Net Receivable/Payable -3.10% Total -3.10% Top Sectors # For performance of the Schemes managed by the said Fund manager, either individually or jointly, please refer page no 18-21 6
Baroda Pioneer Infrastructure Fund An Open Ended Equity Scheme Capital appreciation over long term Investment predominantly in equity and equity-related securities of companies engaged in infrastructure and infrastructurerelated sectors. High risk (BROWN) 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. Date of Allotment June 22, 2010 An Open Ended Equity Scheme Fund Manager Mr. Dipak Acharya # Benchmark CNX 100* Average AUM () 22.10 Crs (Oct-Dec 2013) Minimum Investment 5,000/- & in multiples of 1/- Option 1.00% if redeemed on or before 365 days from the date of allotment of units, if redeemed after 365 days from the date of allotment of units and Plan B (Direct) 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 1000/month - 6 Installments 1500/quarter - 4 Installments Risk profile 28 FEBRUARY 2014 Standard deviation 20.87 Sharpe -0.69 Beta 1.14 Portfolio Turnover (last 12 months) 1.11 Growth 7.0800 Dividend 7.0800 Growth 7.1400 Dividend 7.1400 EQUITY & EQUITY RELATED Larsen & Toubro Reliance Industries Voltas Oil & Natural Gas Corporation The Great Eastern Shipping Company Construction Project Petroleum Products Construction Project 9.36% 6.94% 5.46% Oil 4.98% Transportation 4.49% Tata Steel Ferrous Metals 4.14% Tata Power Company Power 3.80% Bharat Forge Industrial Products 3.65% GAIL (India) Gas 3.57% NTPC Power 3.52% Crompton Greaves Industrial Capital Siemens Bharat Heavy Electricals Alstom T&D India Industrial Capital Industrial Capital Industrial Capital 3.10% 2.99% 2.91% 2.68% Bharti Airtel Telecom - Services 2.63% BEML Gujarat Mineral Development Corporation Industrial Capital 2.49% Minerals/Mining 2.49% NMDC Minerals/Mining 2.40% Coal India Minerals/Mining 2.35% Sesa Sterlite Minerals/Mining 2.31% Steel Authority of India GMR Infrastructure NCC Ferrous Metals 2.15% Construction Project Construction Project 2.00% 1.99% Housing Development Finance 1.97% Finance Corporation Gujarat State Petronet Container Corporation of India Engineers India Gas 1.54% Transportation 1.47% Construction Project 1.30% PTC India Power 1.20% Ashok Leyland Auto 1.13% Hindustan Zinc Hindustan Petroleum Corporation Power Grid Corporation of India Bharat Petroleum Corporation Sadbhav Engineering Alstom India Non - Ferrous Metals Petroleum Products 1.04% 1.02% Power 0.94% Petroleum Products Construction Project Industrial Capital 0.91% 0.88% 0.86% JSW Steel Ferrous Metals 0.84% Total 97.50% CBLO / Reverse Repo Investments 5.15% Total 5.15% Net Receivable/Payable -2.65% Total -2.65% Top Sectors # For performance of the Schemes managed by the said Fund manager, either individually or jointly, please refer page no 18-21 *For Disclaimer please refer page no 21 7
Baroda Pioneer Balance Fund An Open Ended Balanced Scheme 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. High risk (BROWN) The scheme is targeted for long-term capital appreciation along with stability through a well balanced comprising of equity,equity related instruments, money market instrument and debt securities. An Open Ended Balanced Scheme Date of Allotment September 12, 2003 Fund Manager Mr. Dipak Acharya # Benchmark CRISIL Balance Fund Index Average AUM () 18.03 Crs (Oct-Dec 2013) Minimum Investment 5,000/- & in multiples of 1/- Option 1% if redeemed on or before 365 days from the date of allotment, if redeemed after 365 days from the date of allotment of units and Plan B (Direct) 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 1000/month - 6 months, 1500/quarter - 4 quarters Risk profile 28 FEBRUARY 2014 Standard deviation 14.25 Sharpe -0.26 Beta 0.85 Portfolio Turnover (last 12 months) 1.68 Growth 31.9900 Dividend 26.4400 Growth 32.2800 Dividend 26.6500 EQUITY & EQUITY RELATED Infosys Software 4.77% Tata Consultancy Services Software 4.54% HDFC Bank Banks 4.34% Larsen & Toubro Construction Project Reliance Industries Petroleum Products 3.66% 3.59% HCL Technologies Software 3.54% Housing Development Finance Corporation Finance 3.27% ICICI Bank Banks 2.71% Rallis India Pesticides 2.47% ITC Sun Pharmaceuticals Industries Maruti Suzuki India Bata India 2.45% Pharmaceuticals 2.41% Auto 2.38% Consumer 2.12% Bharti Airtel Telecom - Services 2.01% The Federal Bank Banks 1.65% Crompton Greaves Oil & Natural Gas Corporation Industrial Capital 1.60% Oil 1.60% Divi's Laboratories Pharmaceuticals 1.56% Tata Steel Ferrous Metals 1.54% Mahindra & Mahindra Nestle India Auto 1.46% 1.46% Tech Mahindra Software 1.40% Eicher Motors Auto 1.28% Bank of Baroda Banks 1.24% IndusInd Bank Banks 1.19% Tata Global Beverages 1.05% Tata Motors Auto 1.04% Dr. Reddy's Laboratories Pharmaceuticals 1.01% Pidilite Industries Chemicals 1.00% Asian Paints 0.94% IPCA Laboratories Pharmaceuticals 0.93% Alstom T&D India Industrial Capital Colgate Palmolive (India) 0.93% 0.92% Biocon Pharmaceuticals 0.92% Dabur India 0.87% Cummins India Industrial Products 0.81% Sesa Sterlite Minerals/Mining 0.80% NTPC Power 0.79% Motherson Sumi Systems Auto Ancillaries 0.69% Hero MotoCorp Auto 0.69% NMDC Minerals/Mining 0.64% Total 74.27% MONEY MARKET INSTRUMENT Certificate of Deposit** Karur Vysya Bank CARE A1+ 0.50% ICICI Bank CRISIL A1+ 0.45% Total 0.95% CENTRAL GOVERNMENT SECURITIES 8.83% CGL 2023 SOV 13.94% Total 13.94% BONDS & NCDs Housing Development Finance Corporation Power Grid Corporation of India Dr. Reddy's Laboratories CRISIL AAA 4.97% CRISIL AAA 2.40% ICRA AA+ 0.00% Total 7.37% CBLO / Reverse Repo Investments 2.92% Total 2.92% Net Receivable/Payable 0.55% Total 0.55% **Thinly traded/non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines. Top Sectors # For performance of the Schemes managed by the said Fund manager, either individually or jointly, please refer page no 18-21 8
Baroda Pioneer Banking and Financial Services Fund An Open Ended Sectoral Scheme Capital appreciation over long term Investment predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector High risk (BROWN) The investment objective is to generate long-term capital appreciation for unit holders from a invested predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector. An Open Ended Sectoral Scheme Date of Allotment June 22, 2012 Fund Manager Mr. Dipak Acharya # Benchmark CNX Bank Index * Average AUM () 35.91 Crs (Oct-Dec 2013) Minimum Investment 5,000/- & in multiples of 1/- - 1.00% if redeemed on or before 365 days from the date of allotment of units, if redeemed after 365 days from the date of allotment and Plan B (Direct) EQUITY & EQUITY RELATED HDFC Bank Banks 26.10% ICICI Bank Banks 19.07% Kotak Mahindra Bank Banks 6.67% IndusInd Bank Banks 6.66% State Bank of India Banks 5.60% Bank of India Banks 3.81% Bank of Baroda Banks 3.78% Axis Bank Banks 3.47% The Federal Bank Banks 3.27% Mahindra & Mahindra Financial Services Finance 3.02% Yes Bank Banks 2.79% ING Vysya Bank Banks 2.50% Housing Development Finance Corporation The Jammu & Kashmir Bank Finance 2.50% Banks 1.99% Punjab National Bank Banks 1.68% Reliance Capital Finance 1.41% Sundaram Finance Finance 1.29% Total 95.61% CBLO / Reverse Repo Investments 5.04% Total 5.04% Net Receivable/Payable -0.65% Total -0.65% Top Sectors 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 1000/month - 6 Installments 1500/quarter - 4 Installments, Risk profile 28 FEBRUARY 2014 Standard deviation - Sharpe - Beta - Portfolio Turnover (last 12 months) 0.89 Growth 9.5500 Dividend 9.5500 Growth 9.6300 Dividend 9.6300 # For performance of the Schemes managed by the said Fund manager, either individually or jointly, please refer page no 18-21 *For Disclaimer please refer page no 21 9
Baroda Pioneer Monthly Income Plan (MIP) Fund An Open Ended Income Scheme with no assured returns. (Monthly income is not assured and is subject to the availability of distributable surplus.) 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. Medium risk (YELLOW) To generate regular income through investment in debt and money market instruments and also to generate longterm capital appreciation by investing a portion in equity and equity related instruments. An Open Ended Income Scheme with no assured returns. Date of Allotment September 08, 2004 Fund Manager Ms. Hetal Shah # Benchmark CRISIL MIP Blended Index Average AUM () 6.11 Crs (Oct-Dec 2013) Minimum Investment Options 5,000/- & in multiples of 1.000/- 1% if redeemed on or before 365 days from the date of allotment. if redeemed after 365 days from the date of allotment and Plan B (Direct) Growth Monthly Dividend 1. Payout 2. Reinvestment Quarterly Dividend 1. Payout 2. Reinvestment Bonus Option 1000/month - 6 Installments, 1500/quarter - 4 Installments, Growth 15.6699 Dividend - Monthly 12.0596 Dividend - Quarterly 12.2739 Growth 15.7926 Dividend - Monthly 12.0796 Portfolio characteristic Average Maturity (Days) 781.72 Modified Duration (Years) 1.48 YTM (%) 8.92 EQUITY & EQUITY RELATED HCL Technologies Software 1.27% Infosys Software 1.24% Tata Consultancy Services Software 1.10% HDFC Bank Banks 1.08% Reliance Industries Petroleum Products Colgate Palmolive (India) Maruti Suzuki India Larsen & Toubro 0.91% 0.85% Auto 0.72% Construction Project 0.72% ICICI Bank Banks 0.68% Asian Paints 0.65% Tech Mahindra Software 0.60% Nestle India 0.59% The Federal Bank Banks 0.56% IndusInd Bank Banks 0.51% Bharti Airtel Telecom - Services 0.47% Divi's Laboratories Pharmaceuticals 0.46% Tata Global Beverages 0.45% Bank of Baroda Banks 0.45% Eicher Motors Auto 0.42% Hero MotoCorp Auto 0.41% Tata Steel Ferrous Metals 0.39% Cipla Pharmaceuticals 0.37% Crompton Greaves Industrial Capital Alstom T&D India Industrial Capital Dabur India Housing Development Finance Corporation 0.31% 0.30% 0.28% Finance 0.27% ING Vysya Bank Banks 0.27% Pidilite Industries Chemicals 0.23% NTPC Power 0.18% Total 16.74% MONEY MARKET INSTRUMENT Certificate of Deposit** ICICI Bank CRISIL A1+ 8.22% Oriental Bank of Commerce CARE A1+ 4.61% Total 12.83% CENTRAL GOVERNMENT SECURITIES 8.83% CGL 2023 SOV 16.14% Total 16.14% BONDS & NCDs Shriram Transport Finance Company Tata Motors Finance Housing Development Finance Corporation CARE AA+ 16.09% CRISIL AA 8.09% CRISIL AAA 8.06% Power Grid Corporation of CRISIL AAA 7.78% India Total 40.02% CBLO / Reverse Repo Investments 10.74% Total 10.74% Net Receivable/Payable 3.53% Total 3.53% **Thinly traded/non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines. Rating Profile instruments # For performance of the Schemes managed by the said Fund manager, either individually or jointly, please refer page no 18-21 10
Baroda Pioneer Income Fund An Open Ended Income Scheme Regular Income over long term Investment predominantly in good quality Fixed Income Securities by maintaining a balance between Risk & Return. Low risk (BLUE) To generate regular income by investing in a of good quality Fixed Income Securities by maintaining a balance between Risk & Return. Date of Allotment March 21, 2002 Fund Manager Ms. Hetal Shah # Benchmark An Open Ended Income Scheme CRISIL Composite Bond Fund Index Average AUM () 17.73 Crs (Oct-Dec 2013) Minimum Investment 5,000/- & in multiples of 1/- Options 1% if redeemed on or before 365 days from the date of allotment. if redeemed after 365 days from the date of allotment and Plan B (Direct) Growth Dividend 1.Payout 2.Reinvestment Bonus Option CENTRAL GOVERNMENT SECURITIES 9.15% CGL 2024 SOV 26.69% 9.37% SDL 2024 SOV 26.41% 9.40% SDL 2024 SOV 10.56% 8.33% CGL 2026 SOV 7.53% 9.35% SDL 2024 SOV 3.99% 8.58% SDL 2023 SOV 3.58% 9.39% SDL 2023 SOV 2.29% Total 81.05% BONDS & NCDs Power Grid Corporation of India Housing Development Finance Corporation CRISIL AAA 5.17% CRISIL AAA 4.28% Tata Motors Finance CRISIL AA 2.69% Shriram Transport Finance Company CARE AA+ 2.67% Total 14.81% CBLO / Reverse Repo Investments 2.25% Total 2.25% Net Receivable/Payable 1.89% Total 1.89% rating profile instruments 1000/month - 6 Installments, 1500/quarter - 4 Installments, maturity profile 28 FEBRUARY 2014 Below 2 year 11.88% 2 year to 5 years 5.17% 5 years and above 81.04% Growth 18.7767 Dividend 18.7767 Growth 18.9829 Portfolio characteristic Average Maturity (Days) 3199.11 Modified Duration (Years) 5.50 YTM (%) 9.51 # For performance of the Schemes managed by the said Fund manager, either individually or jointly, please refer page no 18-21. 11
Baroda Pioneer Gilt Fund An Open Ended Gilt Scheme Credit risk free regular Income over long term Investment only in Government (both Central and State Government) Securities Low risk (BLUE) To generate income by investing in a of Government securities. An Open Ended Gilt Scheme Date of Allotment March 21, 2002 Fund Manager Ms. Hetal Shah # Benchmark I SEC-MI BEX Average AUM () 22.02 Crs (Oct-Dec 2013) Minimum Investment 5,000/- & in multiples of 1/- Options 1% if redeemed on or before 365 days from the date of allotment. if redeemed after 365 days from the date of allotment and Plan B (Direct) Growth Dividend 1.Payout 2.Reinvestment Bonus Option CENTRAL GOVERNMENT SECURITIES 9.40% SDL 2024 SOV 24.51% 9.67% SDL 2024 SOV 21.76% 9.20% CGL 2030 SOV 15.50% 9.37% SDL 2024 SOV 15.32% 8.33% CGL 2026 SOV 10.19% 9.39% SDL 2023 SOV 7.67% Total 94.95% CBLO / Reverse Repo Investments 3.50% Total 3.50% Net Receivable/Payable 1.55% Total 1.55% rating profile instruments 1000/month - 6 Installments, 1500/quarter - 4 Installments, maturity profile 28 FEBRUARY 2014 Below 10 Years 72.76% Above 10 Years 25.69% Growth 18.7395 Dividend 18.7252 Growth 18.9159 Dividend 18.8387 Portfolio characteristic Average Maturity (Days) 3968.70 Modified Duration (Years) 6.42 YTM (%) 9.53 # For performance of the Schemes managed by the said Fund manager, either individually or jointly, please refer page no 18-21. 12
Baroda Pioneer Short Term Bond Fund An Open Ended Income Scheme [ICRA] AAA mfs* Regular Income over short term Investment predominantly in Money Market Instruments (i.e. CP/CD) and Short Term Debt Market Instruments Low risk (BLUE) The objective of the Scheme is to generate income from a constituted of short term debt and money market securities. Date of Allotment June 30, 2010 An Open Ended Income Scheme Fund Manager Mr. Alok Sahoo, Ms. Hetal Shah # Benchmark CRISIL Short Term Bond Fund Index Average AUM () 45.92 Crs (Oct-Dec 2013) Minimum Investment 5,000/- & in multiples of 1/- 0.50% if redeemed on or before 180 days from the date of allotment. if redeemed after 180 days from the date of allotment $ and Plan B (Direct) MONEY MARKET INSTRUMENT Certificate of Deposit** United Bank of India ICRA A2+ 9.05% Oriental Bank of Commerce CARE A1+ 3.34% Total 12.39% BONDS & NCDs ONGC Videsh ICRA AAA 16.94% Power Finance Corporation Shriram Transport Finance Company ICRA AAA 16.68% CARE AA+ 11.93% Tata Motors Finance CRISIL AA 10.29% Housing Development Finance Corporation CRISIL AAA 9.22% Total 65.06% CBLO / Reverse Repo Investments 18.78% Total 18.78% Net Receivable/Payable 3.77% Total 3.77% **Thinly traded/non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines. rating profile instruments Options Growth Dividend 1. Payout 2. Reinvestment Bonus Option 1000/month - 6 Installments, 1500/quarter - 4 Installments, maturity profile 28 FEBRUARY 2014 Above 300 days 28.61% 180 to 300 days 29.33% Below 180 days 38.29% Growth 13.0412 Dividend 10.0235 Growth 13.1013 Dividend 10.0278 Portfolio characteristic Average Maturity (Days) 289.47 Modified Duration (Years) 0.69 YTM (%) 9.58 $ Effective 5th December, 2013 the exit load has been revised. *For Disclaimer please refer page no 21 # For performance of the Schemes managed by the said Fund manager, either individually or jointly, please refer page no 18-21 13
Baroda Pioneer Public Sector Undertaking (PSU) Bond Fund An Open Ended Debt Scheme [ICRA] AAA mfs* Regular Income over medium term with lower risk exposure Investment predominantly in Fixed Income instruments of Public Sector Undertakings (PSUs) - banks, financial institutions & companies. Low risk (BLUE) The investment objective is to generate stable returns with lower risk by investing in Fixed Income instruments of Public Sector Undertakings (PSUs) - banks, financial institutions & companies. An Open Ended Debt Scheme Date of Allotment December 24, 2009 Fund Manager Mr. Alok Sahoo, Ms. Hetal Shah # Benchmark CRISIL Composite Bond Fund Index Average AUM () 80.92 Crs (Oct-Dec 2013) Minimum Investment 5,000/- & in multiples of 1/- Options and Plan B (Direct) Growth Monthly Dividend 1.Payout 2.Reinvestment Quarterly Dividend 1.Payout 2.Reinvestment Bonus Option MONEY MARKET INSTRUMENT Certificate of Deposit** United Bank of India ICRA A2+ 4.06% Oriental Bank of Commerce CARE A1+ 2.09% Total 6.15% CENTRAL GOVERNMENT SECURITIES 8.83% CGL 2023 SOV 12.12% 9.67% SDL 2024 SOV 5.86% 8.60% SDL 2023 SOV 0.25% Total 18.23% BONDS & NCDs Power Finance Corporation Power Finance Corporation CRISIL AAA 12.63% CRISIL AAA 9.68% ONGC Videsh ICRA AAA 9.68% Power Grid Corporation of India CRISIL AAA 5.66% Total 37.65% CBLO / Reverse Repo Investments 35.13% Total 35.13% Net Receivable/Payable 2.84% Total 2.84% **Thinly traded/non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines. Rating Profile instruments 1000/month - 6 Installments, 1500/quarter - 4 Installments, maturity profile 28 FEBRUARY 2014 Above 700 days 23.89% 300 to 700 days 0.00% Below 300 days 73.27% Growth 13.4453 Dividend - Monthly 10.2302 Dividend - Quarterly 10.0876 Growth 13.4638 Dividend - Monthly 10.0103 Portfolio characteristic Average Maturity (Days) 882.82 Modified Duration (Years) 1.67 YTM (%) 9.09 *For Disclaimer please refer page no 21 # For performance of the Schemes managed by the said Fund manager, either individually or jointly, please refer page no 18-21 14
Baroda Pioneer Treasury Advantage Fund An Open Ended Debt Scheme [ICRA] A1+ mfs* 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 Low risk (BLUE) The main objective of the scheme is to provide optimal returns and liquidity through a comprising of debt securities and money market instruments Date of Allotment June 24, 2009 An Open Ended Debt Scheme Fund Manager Mr. Alok Sahoo, Ms. Hetal Shah # Benchmark CRISIL Liquid Fund Index Average AUM () 405.72 Crs (Oct-Dec 2013) Minimum Investment 5,000/- & in multiples of 1/- and Plan B (Direct) 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 1000/month - 6 Installments, 1500/quarter - 4 Installments, maturity profile 28 FEBRUARY 2014 Above 50 days 56.63% Below 50 days 43.19% Portfolio characteristic Average Maturity (Days) 80.86 Modified Duration (Years) 0.21 YTM (%) 9.65 MONEY MARKET INSTRUMENT Certificate of Deposit** Andhra Bank CARE A1+ 10.94% Central Bank of India CARE A1+ 7.29% Allahabad Bank CRISIL A1+ 7.29% ICICI Bank CRISIL A1+ 0.76% Axis Bank CRISIL A1+ 0.60% Karur Vysya Bank CARE A1+ 0.44% Yes Bank CRISIL A1+ 0.44% Total 27.76% Commercial Paper** Sesa Sterlite CRISIL A1+ 19.09% Shapoorji Pallonji & Company ICRA A1+ 13.98% Reliance Capital CRISIL A1+ 7.06% Dewan Housing Finance Corporation Edelweiss Financial Services Indiabulls Housing Finance Edelweiss Financial Services CRISIL A1+ 7.06% CRISIL A1+ 7.05% CRISIL A1+ 3.63% ICRA A1+ 3.63% Piramal Enterprises ICRA A1+ 1.45% Total 62.95% BONDS & NCDs Shriram Transport Finance Company Power Finance Corporation CARE AA+ 1.45% CRISIL AAA 0.94% Tata Motors Finance CRISIL AA 0.93% Total 3.32% Unlisted Kotak Mahindra Investments ICRA AA+ 1.31% Total 1.31% CBLO / Reverse Repo Investments 4.47% Total 4.47% Net Receivable/Payable 0.19% Total 0.19% **Thinly traded/non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines. Rating Profile instruments Regular Growth 1436.9602 Dividend - Daily 1001.4004 Dividend - Weekly 1006.8017 Dividend - Monthly 1002.1938 Dividend - Quarterly 1014.6846 Growth 1443.3653 Dividend - Daily 1023.4527 Dividend - Weekly 1026.3106 Dividend - Monthly 1001.0720 Dividend - Quarterly 1008.1798 Growth 1446.1356 Dividend - Daily 1005.0376 Dividend - Weekly 1000.9278 Dividend - Monthly 1001.1105 Dividend - Quarterly 1015.2052 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 21 # For performance of the Schemes managed by the said Fund manager, either individually or jointly, please refer page no 18-21 15
Baroda Pioneer Liquid Fund An Open Ended Liquid Scheme [ICRA] A1+ mfs* Regular income over short term with high level of liquidity Investment predominantly in Money Market (i.e. CP / CDs) Instruments Low risk (BLUE) To generate income with a high level of liquidity by investing in a of money market and debt securities. An Open Ended Liquid Scheme Date of Allotment February 5, 2009 Fund Manager Mr. Alok Sahoo, Ms. Hetal Shah # Benchmark CRISIL Liquid Fund Index Average AUM () 5327.37 Crs (Oct-Dec 2013) Minimum Investment 5,000/- & in multiples of 1/- Options and Plan B (Direct) Growth Daily Dividend 1.Reinvestment Weekly Dividend 2.Payout 3.Reinvestment Bonus Option 1000/month - 6 Installments, 1500/quarter - 4 Installments, maturity profile 28 FEBRUARY 2014 Above 60 days 11.39% Below 60 days 88.57% Portfolio characteristic Average Maturity (Days) 23.60 Modified Duration (Years) 0.06 YTM (%) 8.89 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 21 # For performance of the Schemes managed by the said Fund manager, either individually or jointly, please refer page no 18-21 16 MONEY MARKET INSTRUMENT Certificate of Deposit** Andhra Bank CARE A1+ 4.81% Andhra Bank CARE A1+ 3.21% Bank of Maharashtra CRISIL A1+ 3.19% Allahabad Bank CRISIL A1+ 2.41% Indian Bank IND A1+ 2.41% Punjab National Bank CARE A1+ 2.41% Vijaya Bank CARE A1+ 2.41% Union Bank of India CARE A1+ 1.61% Kotak Mahindra Bank CRISIL A1+ 1.61% Bank of India CARE A1+ 1.61% Allahabad Bank CRISIL A1+ 1.61% Oriental Bank of Commerce CRISIL A1+ 1.21% Oriental Bank of Commerce CARE A1+ 1.21% Canara Bank CARE A1+ 0.81% Indian Bank CARE A1+ 0.81% Andhra Bank CARE A1+ 0.81% Andhra Bank CARE A1+ 0.80% UCO Bank CRISIL A1+ 0.80% The Jammu & Kashmir Bank CARE A1+ 0.80% IndusInd Bank CARE A1+ 0.80% Total 35.34% Commercial Paper** Small Industries Development Bank of India Indiabulls Housing Finance CARE A1+ 4.01% CRISIL A1+ 3.22% JSW Steel CARE A1+ 3.22% Small Industries Development Bank of India Edelweiss Financial Services CARE A1+ 3.21% ICRA A1+ 3.21% Piramal Enterprises ICRA A1+ 2.65% Indian Oil Corporation CRISIL A1+ 2.41% IL & FS Securities Services ICRA A1+ 2.41% India Infoline Finance ICRA A1+ 2.40% Piramal Enterprises ICRA A1+ 2.39% Jindal Steel & Power CARE A1+ 2.38% Indiabulls Housing Finance CRISIL A1+ 2.38% Reliance Capital CARE A1+ 2.37% Century Textiles & Industries CARE A1+ 1.60% Sesa Sterlite CRISIL A1+ 1.60% Century Textiles & Industries CARE A1+ 1.60% Afcons Infrastructure ICRA A1+ 0.80% Dewan Housing Finance Corporation CARE A1+ 0.40% Total 42.26% Fixed Deposit Corporation Bank Unrated 4.19% Karur Vysya Bank Unrated 3.22% The Ratnakar Bank Unrated 1.61% The South Indian Bank Unrated 1.61% Bank of Nova Scotia Unrated 0.03% Total 10.66% CBLO / Reverse Repo Investments 11.70% Total 11.70% Net Receivable/Payable 0.04% Total 0.04% CARE; ICRA; IND. **Thinly traded/non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines. Rating Profile instruments Regular Growth 2203.0234 Dividend 1887.4483 Dividend - Daily 1006.0600 Growth 1457.9834 Dividend - Daily 1000.6300 Dividend - Weekly 1001.0118 Dividend - Monthly 1001.1226 Growth 1458.9914 Dividend - Daily 1000.6300 Dividend - Weekly 1059.7167
Baroda Pioneer Dynamic Bond Fund An Open Ended Income Scheme Regular Income over medium term with providing liquidity Investment in medium to long term corporate bonds and / or government securities and manage the dynamically through different interest rate cycles Low risk (BLUE) The investment objective of the scheme is to generate returns with liquidity by managing the dynamically through interest rate cycles. Date of Allotment June 30, 2012 An Open Ended Income Scheme Fund Manager Mr. Alok Sahoo, Ms. Hetal Shah # Benchmark CRISIL Composite Bond Fund Index Average AUM () 100.98 Crs (Oct-Dec 2013) Minimum Investment 5,000/- & in multiples of 1/- 0.50% if redeemed within 3 months from the date of allotment of units, if redeemed after 3 months from the date of allotment of units and Plan B (Direct) CENTRAL GOVERNMENT SECURITIES 9.41% SDL 2024 SOV 21.06% 9.37% SDL 2024 SOV 21.03% 9.72% SDL 2023 SOV 10.74% 9.20% CGL 2030 SOV 10.64% Total 63.47% BONDS & NCDs Power Grid Corporation of India CRISIL AAA 19.79% Total 19.79% CBLO / Reverse Repo Investments 15.76% Total 15.76% Net Receivable/Payable 0.98% Total 0.98% **Thinly traded/non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines. rating profile instruments Options Growth Dividend 1. Payout 2. Reinvestment Bonus Option 1000/month - 6 Installments, 1500/quarter - 4 Installments, maturity profile 28 FEBRUARY 2014 Above 5 years 83.27% 2 to 5 years 0.00% Below 2 Years 15.76% Growth 11.0427 Dividend 9.9674 Growth 11.1866 Dividend 10.1076 Portfolio characteristic Average Maturity (Days) 3644.32 Modified Duration (Years) 5.70 YTM (%) 9.38 # For performance of the Schemes managed by the said Fund manager, either individually or jointly, please refer page no 18-21 17
Investment Performance Funds Managed by Mr. Dipak Acharya Date Of Inception: 12/09/2003 Dec 2012 - Dec 2011 - Dec 2010 - Nav Per Unit () 50.11 39.87 56.98 10.00 Baroda Pioneer Growth Fund (in %)^ 3.59 25.68-30.03 17.32 CNX 100 (Scheme Benchmark) (in %) 6.46 30.60-25.81 16.32 CNX Nifty (Standard Benchmark) (in %) $ 6.76 27.70-24.62 15.94 10,000, if invested in BPGF, would have become NA NA NA 51910 10,000, if invested in CNX 100, would have become NA NA NA 47534 10,000, if invested in CNX Nifty, would have become NA NA NA 45944 Data is for Growth Option and the last working day of December has been considered in all cases. 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. Date Of Inception: 31/03/1996 Dec 2012 - Dec 2011 - Dec 2010 - Nav Per Unit () 23.91 18.95 28.25 10.00 Baroda Pioneer ELSS 96 Fund (in %)^ 7.34 26.17-28.65 12.10 S&P BSE Sensex (Scheme Benchmark) (in %) 8.98 25.70-24.64 10.25 CNX Nifty (Standard Benchmark) (in %) $ 6.76 27.70-24.62 10.24 10,000, if invested in BPELSS 96F, would have become NA NA NA 76034 10,000, if invested in S&P BSE Sensex, would have become NA NA NA 56621 10,000, if invested in CNX Nifty, would have become NA NA NA 56495 Data is for Dividend Option and the last working day of December has been considered in all cases. Returns have been computed assuming that all payouts during the period have been reinvested in the units of the Scheme at the respective prevailing s. 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. Date Of Inception: 12/09/2003 Dec 2012 - Dec 2011 - Dec 2010 - Nav Per Unit () 30.02 24.40 30.41 10.00 Baroda Pioneer Balance Fund (in %)^ 6.66 23.03-19.76 11.95 CRISIL Balanced Fund Index (Scheme Benchmark) (in %) 6.05 21.28-14.39 12.60 CNX Nifty (Standard Benchmark) (in %) $ 6.76 27.70-24.62 15.94 10,000, if invested in BPBF, would have become NA NA NA 32020 10,000, if invested in CRISIL Balanced Fund Index, would have become NA NA NA 33984 10,000, if invested in CNX Nifty, would have become NA NA NA 45944 Data is for Growth Option and the last working day of December has been considered in all cases. 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. Date Of Inception: 22/06/2012 Dec 2012 - Dec 2011 - Dec 2010 - Nav Per Unit () 11.88 NA NA 10.00 Baroda Pioneer Banking and Financial Services Fund - - Growth (in %)^ -13.13 NA NA 2.09 CNX BANK INDEX (Scheme Benchmark) (in %) -8.73 NA NA 8.60 CNX Nifty (Standard Benchmark) (in %) $ 6.76 NA NA 14.22 10,000, if invested in BPLF, would have become NA NA NA 10320 10,000, if invested in CNX BANK INDEX, would have become NA NA NA 11342 10,000, if invested in CNX Nifty, would have become NA NA NA 12250 Data is for Growth Option and the last working day of December has been considered in all cases. 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. 18
Investment Performance Funds Managed by Mr. Dipak Acharya Date Of Inception: 22/06/2010 Dec 2012 - Dec 2011 - Dec 2010 - Nav Per Unit () 7.92 6.74 10.48 10.00 Baroda Pioneer Infrastructure Fund (in %)^ -5.43 17.51-35.69-7.86 CNX 100 (Scheme Benchmark) (in %) 6.46 30.60-25.81 4.82 CNX Nifty (Standard Benchmark) (in %) $ 6.76 27.70-24.62 4.95 10,000, if invested in BPIF, would have become NA NA NA 7490 10,000, if invested in CNX 100, would have become NA NA NA 11808 10,000, if invested in CNX Nifty, would have become NA NA NA 11857 Data is for Growth Option and the last working day of December has been considered in all cases. 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. Date Of Inception: 04-10-2010 Dec 2012 - Dec 2011 - Dec 2010 - Nav Per Unit () 7.35 6.43 9.35 10.00 Baroda Pioneer PSU Equity Fund (in %)^ -15.92 14.31-31.23-13.79 S&P BSE PSU (Scheme Benchmark) (in %) -19.43 15.24-32.72-16.30 CNX Nifty (Standard Benchmark) (in %) $ 6.76 27.70-24.62 0.72 10,000, if invested in BPPSUEF, would have become NA NA NA 6180 10,000, if invested in S&P BSE PSU, would have become NA NA NA 5615 10,000, if invested in CNX Nifty, would have become NA NA NA 10235 Data is for Growth Option and the last working day of December has been considered in all cases. 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. Alok Sahoo, Ms Hetal Shah Date Of Inception: 24/12/2009 Dec 2012 - Dec 2011 - Dec 2010 - Nav Per Unit () 12.41 11.28 10.44 10.00 Baroda Pioneer PSU Bond Fund (in %)^ 7.50 10.04 7.97 7.42 CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 3.79 9.38 6.90 6.22 CRISIL 10 Year Gilt Index (Standard Benchmark) (in %) $ -0.68 10.67 1.91 3.62 10,000, if invested in BPPSUBF, would have become NA NA NA 13338 10,000, if invested in CRISIL Composite Bond Fund Index, would have become NA NA NA 12747 10,000, if invested in CRISIL 10 Year Gilt Index, would have become NA NA NA 11538 Data is for Growth Option and the last working day of December has been considered in all cases. 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. Date Of Inception: 30/06/2010 Dec 2012 - Dec 2011 - Dec 2010 - Nav Per Unit () 11.98 10.97 10.13 10.00 Baroda Pioneer Short Term Bond Fund (in %)^ 7.95 9.17 8.29 7.60 CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 8.27 9.15 7.84 7.78 CRISIL 10 Year Gilt Index (Standard Benchmark) (in %) $ -0.68 10.67 1.91 3.72 10,000, if invested in BPSTBF, would have become NA NA NA 12928 10,000, if invested in CRISIL Short Term Bond Fund Index, would have become NA NA NA 13007 10,000, if invested in CRISIL 10 Year Gilt Index, would have become NA NA NA 11366 Data is for Growth Option and the last working day of December has been considered in all cases. 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. 19
Investment Performance Funds Managed by Mr. Alok Sahoo, Ms. Hetal Shah Date Of Inception: 05/02/2009 Dec 2012 - Dec 2011 - Dec 2010 - Nav Per Unit () 1993.24 1818.17 16.69 1000.00 Baroda Pioneer Liquid Fund (in %)^ 9.23 9.63 8.95 7.68 CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 9.03 8.54 8.15 7.07 CRISIL 1 year T-Bill (Standard Benchmark) (in%) $ 5.86 8.11 6.42 5.17 10,000, if invested in BPLF, would have become NA NA NA 14376 10,000, if invested in CRISIL Liquid Fund Index, would have become NA NA NA 13978 10,000, if invested in CRISIL 1 year T-Bill, would have become NA NA NA 12807 Data is for Growth Option and the last working day of December has been considered in all cases. Inception returns are @ Compounded Annualised and are calculated on the basis of 1000 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. Date Of Inception: 24/06/2009 Dec 2012 - Dec 2011 - Dec 2010 - Nav Per Unit () 1300.07 1182.66 10.83 1000.00 Baroda Pioneer Treasury Advantage Fund (in %)^ 9.26 9.93 9.18 8.13 CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 9.03 8.54 8.15 7.11 CRISIL 1 year T-Bill (Standard Benchmark) (in %) $ 5.86 8.11 6.42 5.31 10,000, if invested in BPTAF, would have become NA NA NA 14239 10,000, if invested in CRISIL Liquid Fund Index, would have become NA NA NA 13641 10,000, if invested CRISIL 1 year T-Bill, would have become NA NA NA 12636 Data is for Growth Option and the last working day of December has been considered in all cases. Returns have been computed assuming that all payouts during the period have been reinvested in the units of the Scheme at the respective prevailing s. Inception returns are @ Compounded Annualised and are calculated on the basis of 1000 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. Date of Inception: 22/06/2012 Dec 2012 - Dec 2011 - Dec 2010 - Nav Per Unit () 10.50 NA NA 10.00 Baroda Pioneer Dynamic Bond Fund (in %)^ 5.20 NA NA 6.82 CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 3.79 NA NA 5.74 CRISIL 1 year T-Bill (Standard Benchmark) (in %) $ 5.86 NA NA 6.56 10,000, if invested in BPDBF, would have become NA NA NA 11059 10,000, if invested in CRISIL Composite Bond Fund Index, would have become NA NA NA 10889 10,000, if invested CRISIL 1 year T-Bill, would have become NA NA NA 11019 Data is for Growth Option and the last working day of December has been considered in all cases. Returns have been computed assuming that all payouts during the period have been reinvested in the units of the Scheme at the respective prevailing s. 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 Ms. Hetal Shah Date Of Inception: 08/09/2004 Dec 2012 - Dec 2011 - Dec 2010 - Nav Per Unit () 14.69 13.08 13.17 10.00 Baroda Pioneer Monthly Income Plan (MIP) Fund (in %)^* 6.07 12.32-0.72 4.88 CRISIL MIP Blended Index (Scheme Benchmark) (in %) 4.41 12.12 1.72 7.57 CRISIL 10 Year Gilt Index (Standard Benchmark) (in %) $ -0.68 10.67 1.91 4.54 10,000, if invested in BPMIPF, would have become NA NA NA 15582 10,000, if invested in CRISIL MIP Blended Index, would have become NA NA NA 19735 10,000, if invested in CRISIL 10 Year Gilt Index, would have become NA NA NA 15128 Data is for Growth Option and the last working day of December has been considered in all cases. 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. *Monthly income is not assured and is subject to the availability of distributable surplus. 20