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Baroda Mutual Fund: NAV, Performance & Latest MF Schemes

About Baroda Mutual Fund

Baroda Asset Management India AMC is the Baroda Mutual Fund’s investment manager, which was launched in 2008. It is a completely owned subsidiary of Bank of Baroda.  Baroda AMC was established in 1992. 

Baroda Pioneer Asset Management Company is a collaboration between Pioneer Investments and Bank of Baroda.  Pioneer Global Asset Management S.p.A was the Asset Manager of an Italian Multinational Banking and Financial Services Company – UniCredit S.p.A. It was set up in 1928 in Milano, Italy. In 2008, Pioneer Global Asset Management S.p.A acquired a 51% stake in Baroda Asset Management Company Ltd and formed Baroda Pioneer Asset Management Company Limited.

Baroda Pioneer Asset Management Company Limited is a Trust which is registered with SEBI as per the SEBI (MF) Regulations, vide registration number MF/018/94/2, and is also registered under the Indian Trusts Act. It received endorsement for name change BOB Mutual Fund to Baroda Pioneer Mutual Fund vide SEBI letter no. IMD/RB/134922/08, dated August 12, 2008.

As of 31st March 2021, the total number of schemes under the AMC is 75 bifurcated as Balanced (9), Equity (13), Fixed Maturity Plans (2), Gilt Funds (2), Income Funds (5), Liquid Funds (13), Short Term Income Funds (6), and Ultra Short Term Funds (11). The corpus under management is Rs. 9641.0917 crores. (as of 31-Mar-2021)

It serves the various management needs of its investors in India. The Company offers its service through 54 distribution centers in India in various schemes. Baroda AMC comprises a team of highly qualified fund managers who provide valuable insights into various schemes that include direct dividend plans, direct dividend plans, direct growth plans, regular growth plans, regular dividend plans, etc. The fund house has its offices in 40 cities across India Bank of Baroda and Pioneer Global Asset Management SpA, which has experience of 80 years in the industry, agreed on 5th October 2007.

Features

Bank of Baroda, the AMC has a widely spread branch network and has a strong investor base in the country. 

  • The AMC offers a range of equity, debt, and money market instruments to meet the financial needs and goals of investors in every segment it can be.  
  • Baroda Pioneer AMC enhances the existing product range and focuses on the overall customer experience.
  • It has a rich investment history and market experience.
  • It dedicates its work towards creating a unique servicing platform to meet the investment needs of existing and future customers in India and abroad. 
  • Currently, Baroda AMC is functioning in 40 locations in India with an AUM of Rs 9130.22 Cr.  

Important Information about Baroda Mutual Fund

ParticularsDetails
SponsorPioneer Global Asset Management S.p.A. and Bank of Baroda
TrusteeBoard of Trustees
Investment ManagerBaroda Pioneer Asset Management Company Limited
Statutory DetailsBaroda Pioneer Mutual Fund (Formerly known as BOB Mutual Fund), being a Trust registered under the Indian Trusts Act and registered with SEBI under the SEBI (MF) Regulations,
Vide registration numberMF/018/94/2
Endorsement for the change of its nameEndorsement for a name change to Baroda Pioneer Mutual Fund from BOB Mutual Fund vides SEBI letter no. IMD/RB/134922/08, dated August 12, 2008
No of schemes75  
CEOAnthony Heredia
CIOSanjay Chawla
Investor Relations OfficeKishore Kumar
Registrar and Transfer AgentKFin Technologies Pvt Ltd.
CustodianDeutsche Bank
Quarterly AUM8285.75
AddressHead Office: 501 titanium, 5th floor, Western express highway, Goregaon (e), Mumbai – 400063 
Service Centre201-203, Shaili Building, Opp. Madhusudhan House, Off C.G Road, Ahmedabad-380006
Baroda mutual fund customer care number+91 22 6848 1000, +91 22-3074 1000, 66668819, 079-26400527/528
Emailinfo@barodamf.com or info@barodapioneer.in
Websitewww.barodamf.com, www.barodapioneer.in

Ten Top-Performing Baroda Mutual Fund Schemes

Baroda has mutual funds in almost all categories permitted by the Securities and Exchange Board of India or SEBI. Here is a list of the ten best-performing Baroda mutual fund schemes in India.

1. Baroda Pioneer Treasury Advantage Fund (Category – Debt – Low Duration fund)

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

The Baroda Pioneer Treasury Advantage Fund, with a NAV of 1560.49 (as of 30th April 2021), belongs to the Debt – Low Duration fund, ranked 4 in the category. This open-ended fund was launched on 24 Jun 09 and has given trailing returns of 27.8% in one year (as of 30th April 2021), and -8.5% in 3 years. The fund manager is Mr. Alok Sahoo.

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Exit LoadNIL
Return Since Inception (24 Jun 09):3.8% (as of 30th April 2021)
AssetsINR 34 Crore (as of 31st March 2021)
Expense Ratio0.9% (as of 31st March 2021)

2. Baroda Pioneer Liquid Fund (Category – Debt – Liquid Fund)

The main objective of the scheme is to produce income by investing in a portfolio of debt securities and money market with a high level of liquidity

The Baroda Pioneer Liquid Fund, with a NAV of 2357.14 (as of 30th April 2021), belongs to the Debt-Liquid Fund, ranked 22 in the category. This open-ended fund was launched on 5 Feb 09 and has given trailing returns of 3.3% in one year (as of 30th April 2021), and 5.6% in 3 years. The fund manager is Mr. Alok Sahoo.

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Exit LoadNIL
Return Since Inception (5 Feb 09):7.3% (as of 30th April 2021)
AssetsINR 4798 Crore (as of 31st March 2021)
Expense Ratio0.22% (as of 31st March 2021)

3. Baroda Pioneer Multi-Cap Fund (Category – Equity – Multi-Cap fund)

The main objective of the scheme is to create long-term capital appreciation from a well-managed portfolio of equity and related instruments.

The Baroda Pioneer Multi-Cap Fund, with a NAV of 132.87 (as of 30th April 2021), belongs to the Equity – Multi-Cap Fund, ranked 37 in the category. This fund was launched on 12 Sep 03 and has given trailing returns of 55.7% in one year (as of 30th April 2021), and 9.2% in 3 years. The fund manager is Mr. Sanjay Chawla.

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Exit Load0-365 Days (1%),365 Days and above (NIL).
Return Since Inception (12 Sep 03):15.8% (as of 30th April 2021)
AssetsINR 972 Crore (as of 31st March 2021)
Expense Ratio2.54% (as of 31st March 2021)

4. Baroda Pioneer Hybrid Equity Fund (Category – Hybrid – Hybrid Equity fund)

The objective of the scheme is stability through a well-balanced portfolio and long-term capital appreciation that comprises equity, money market instrument, equity-related instruments, and debt securities.

The Baroda Pioneer Hybrid Equity Fund, with a NAV of Rs. 69 (as of 30th April 2021), belongs to the Hybrid – Hybrid Equity fund, ranked 21 in the category. This fund was launched on 12 Sep 03 and has given trailing returns of 42.2% in one year (as of 30th April 2021), and 6.2% in 3 years. The fund manager is Mr. Sanjay Chawla.

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Exit Load0-12 Months (1%),12 Months and above (NIL)
Return Since Inception (12 Sep 03):11.6% (as of 30th April 2021)
AssetsINR 403 Crore (as of 31st March 2021)
Expense Ratio2.45% (as of 31st March 2021)

5. Baroda Pioneer Short Term Bond Fund (Category – Debt – Short term Bond fund)

The aim of the Scheme is to create income from a portfolio constituted of money market securities and short-term debt.

The Baroda Pioneer Short Term Bond Fund, with a NAV of Rs. 22.949 (as of 30th April 2021), belongs to the Hybrid – Short term Bond fund, ranked 21 in the category. This fund was launched on 30 Jun 10 and has given trailing returns of 7.3% in one year (as of 30th April 2021), and 7.5% in 3 years. The fund manager is Mr. Alok Sahoo.

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Exit Load0-15 Days (0.25%),15 Days and above (NIL)
Return Since Inception (30 Jun 10):8% (as of 30th April 2021)
AssetsINR 360 Crore (as of 31st March 2021)
Expense Ratio1.31% (as of 31st March 2021)

6. Baroda Pioneer Banking and Financial Services Fund (Category – Equity – Sectoral fund)

The investment aim is to create a long-term capital appreciation for stakeholders from a portfolio invested in equity and related securities of companies invested in the Banking & Financial Services Sector.

The Baroda Pioneer Banking and Financial Services Fund, with a NAV of Rs. 26.52 (as of 30th April 2021), belongs to the Equity – Sectoral fund, ranked 32 in the category. This fund was launched on 22 Jun 12 and has given trailing returns of 43.9% in one year (as of 30th April 2021), and 7.8% in 3 years. The fund manager is Mr. Sanjay Chawla.

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Exit Load0-365 Days (1%),365 Days and above (NIL)
Return Since Inception (22 Jun 12):11.6% (as of 30th April 2021)
AssetsINR 54 Crore (as of 31st March 2021)
Expense Ratio2.61% (as of 31st March 2021)

7. Baroda Pioneer Large Cap Fund (Category – Equity – Large Cap fund)

The primary goal of the Scheme is to create capital appreciation by investing in a diversified portfolio of equity and equity-related securities of large-cap companies. The Scheme may also invest in money market securities and debt. But, there is no guarantee that the investment aim of the Scheme will be achieved.

The Baroda Pioneer Large Cap Fund, with a NAV of Rs. 18.54 (as of 30th April 2021), belongs to the Equity – Large Cap fund, ranked 59 in the category. This fund was launched on 22 Jun 10 and has given trailing returns of 43.2% in one year (as of 30th April 2021), and 10% in 3 years. The fund manager is Mr. Sanjay Chawla.

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Exit Load0-365 Days (1%),365 Days and above (NIL)
Return Since Inception (22 Jun 10):5.8% (as of 30th April 2021)
AssetsINR 41 Crore (as of 31st March 2021)
Expense Ratio2.59% (as of 31st March 2021)

8. Baroda Pioneer Conservative Hybrid Fund (Category – Hybrid – Hybrid Debt fund)

The primary goal of the Scheme is to generate long-term capital appreciation by investing a portion in equity and equity-related instruments and to generate regular income through investment in debt and money market instruments.

The Baroda Pioneer Conservative Hybrid Fund, with a NAV of Rs. 29.0339 (as of 30th April 2021), belongs to the Hybrid – Hybrid Debt fund, ranked 44 in the category. This fund was launched on 8 Sep 04 and has given trailing returns of 10% in one year (as of 30th April 2021), and 9.4% in 3 years. The fund manager is Mr. Alok Sahoo.

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Exit LoadNIL
Return Since Inception (8 Sep 04):6.6% (as of 30th April 2021)
AssetsINR 34 Crore (as of 31st March 2021)
Expense Ratio2.07% (as of 31st March 2021)

9. Baroda Pioneer Mid-Cap Fund (Category – Equity – Mid Cap)

The primary goal of the Scheme is to create capital appreciation by investing in a diversified portfolio of equity and equity-related securities of growth-oriented mid-cap stocks. But, there is no guarantee that the investment goal of the Scheme will be achieved.

The Baroda Pioneer Mid-Cap Fund, with a NAV of Rs. 12.99 (as of 30th April 2021), belongs to the Equity – Mid Cap fund, ranked 42 in the category. This fund was launched on 4 Oct 10 and has given trailing returns of 66.1% in one year (as of 30th April 2021), and 7.6% in 3 years. The fund manager is Mr. Sanjay Chawla.

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Exit Load0-365 Days (1%),365 Days and above (NIL)
Return Since Inception (4 Oct 10):2.5% (as of 30th April 2021)
AssetsINR 55 Crore (as of 31st March 2021)
Expense Ratio2.6% (as of 31st March 2021)

10. Baroda Pioneer ELSS 96 (Category – Equity – ELSS fund)

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

Baroda Pioneer ELSS 96, with a NAV of Rs. 57.22 (as of 30th April 2021), belongs to the Equity – ELSS fund. This fund was launched on 2 Mar 15 and has given trailing returns of 54.3% in one year (as of 30th April 2021), and 6% in 3 years. The fund manager is Mr. Sanjay Chawla

Key Information

Minimum InvestmentINR 5,00
Minimum SIP InvestmentINR 500
Exit LoadNIL
Return Since Inception (2 Mar 15):6.5% (as of 30th April 2021)
AssetsINR 187 Crore (as of 31st March 2021)
Expense Ratio2 % (as of 31st March 2021)

How to invest in Baroda Mutual Fund using EduFund?

Investing in Bank of Baroda Mutual Fund AMC’s mutual funds is a preferred and recommended way to create wealth for meeting financial goals. The procedure to invest in these funds is quite simple and convenient using the company’s official website or through EduFund. 

EduFund is a renowned portal registered with AMFI, BSE, and SEBI with zero fees to sign up. The investment logged in by the individual will reflect in his EduFund account within 3-5 business days.

Here are a few steps that need to be followed to invest in Baroda AMC mutual funds:

Step 1: The investor needs to visit the official website of Baroda AMC or use a Baroda AMC login to register at EduFund to complete his KYC & become investment-ready within minutes

Step 2: On the home screen, he should search and type the name of the respective AMC in the search bar and select the relevant mutual fund he wants to invest in,

Step 3: On the AMC page, after selecting the relevant Mutual Fund, he should click on ‘Invest Now’.

Step 4: He should then select the mode of payment if it would be a one-time lump sum payment, or select SIP, after which he needs to click on ‘Proceed to Payment’.

Step 5: He can make an online payment using his debit/credit card or use his net banking details to complete the transaction.

Documents Required to Invest in Bank of Baroda Mutual Fund

It is mandatory to have KYC details and other proofs verified to invest in mutual funds, which can be done in a fully digital and hassle-free manner.

A regular investor simply needs to log in and start investing in mutual funds. For a first-time investor, the following documents are required:

  • Application Form
  • Photographs of the investor
  • Identity Proof
  • Income Proof
  • PAN Card Details
  • Personal Details
  • Address Proof
  • Bank Account Details
  • Nominee & FATCA Declarations

Baroda AMC Tax Saving Mutual Funds (ELSS)

Baroda ELSS Funds are diversified equity funds that offer tax savings under section 80C of the Income Tax Act, 1961 and gives the investor an opportunity for long-term wealth creation. These funds are ideal for investors who have a higher risk appetite and have a lock-in period of 3 years.

NameType of FundMinimum InvestmentCategory Returns3-year returns
Baroda Equity Linked Saving Scheme 96 Direct-Growth  ELSSRs. 5003.10% – 22.28%  9.30
Baroda Equity Linked Saving Scheme 96 Direct – Dividend Pay-outELSSRs. 5003.10% – 22.28%  9.30

Using the Baroda Mutual Fund Calculator 

Investments in Baroda Mutual Funds help achieve long-term goals by investing in various equity, debt, and liquid mutual funds within the AMC. Baroda Mutual Fund Calculator helps the investor assess the amount of his present savings and shows how the savings amount can grow over a period. To use the Baroda Mutual Fund Calculator, the investor should input data on the calculator like income, age, amount to be invested, expected rate of returns, etc.

Fund Managers of Baroda Mutual Fund AMC

Fund Managers are the assets of any AMC who are experts providing professional guidance to investors to manage various assets, to direct the fund management decisions, and to achieve their financial goals. It is one of the most crucial considerations before investing to opt for the best and most active fund manager to manage the investments.

Some of the top-performing Fund Managers of Baroda Mutual Fund AMC are:

Baroda AMC – Equity Fund Managers

  1. Mr. Sanjay Chawla – Chief Investment Officer at Baroda Pioneer Asset Management Company

Mr. Chawla has over 30 years of experience in Equity Research, Fund Management, and Management Consultancy. He has contributed to the Indian Finance Industry for over 35 years, wherein he is presently employed as the Chief Investment Officer of Baroda Pioneer Mutual Funds. 

Mr. Sanjay Chawla completed his MMS from BITS Pilani before he joined the financial market industry. He had worked in a foray of MNCs and other established financial companies before he ventured into Baroda AMC. He was employed as Senior Fund Manager of Equity Schemeswith Birla Sunlife AMC. He has also worked as Head of Research with SBI Capital Market, then with Motilal Oswal Securities, IDBI Capital Markets, IIT Invest Trust and Lloyd Securities, and SMIFS Securities where he was making strategies and handling different equity schemes.

  1. Mr. Dipak K Acharya – Fund Manager- Equity at Baroda Pioneer Asset Management Company

Mr. Acharya has been associated with Baroda AMC since September 2009, and it has been over 9 years now that he has been working in the investment area as a diligent Fund Manager in the asset management industry.

Before he joined Baroda AMC, he was the Fund Manager at BoB Mutual Fund from August 2003. Before he became a fund manager, he was working in the Treasury Department and Credit Department for 10 years at Bank of Baroda. Academically, Mr Acharya is an M. Com with other additional qualifications to his academic supremacy like AICWA, CAIIB, and PGPMS.

  1. Mr. Pratish Krishnan – Equity and Senior Analyst at Baroda AMC

Mr. Krishnan has over 15 years of experience in Equity Research, and currently, he is a Fund Manager and an Equity and Senior Analyst at Baroda Pioneer Asset Management Company. He. Earlier, he has worked with famous institutional brokerage houses like Antique Finance for two years, till 2014, and Bank of America Merrill Lynch for 6 years till 2012. Academically, Mr. Krishnan has done his MMS in Finance and is a B. Com Graduate. 

Debt Fund Managers – Head of Fixed income at Baroda Pioneer Asset Management Company

  1. Alok Sahoo

Mr. Sahoo is the Head of Fixed income at Baroda Pioneer Asset Management Company and has about 13 years of experience in the asset management industry. He has relevant experience in the credit research of companies. Before working for Baroda AMC, he has worked with other giants like UTI Mutual Fund and HSBC Mutual Fund as Fixed Income Fund Manager.

He was also a Fund Manager at HBC Asset Management in the Employee Provident Fund department. Academically. Mr. Sahoo is a Management Graduate in Finance from Xavier’s Institute of Management, Bhubaneshwar, with a Bachelor of Engineering Degree from NIT Rourkela. He has also done FRM – Financial Risk Management conducted by the Global Association of Risk Professionals. Additionally, he has passed three levels of CFA, which was conducted by the CFA Institute (AIMR).

  1. Ms. Hetal P. Shah – Fund Manager- Debt at Baroda Pioneer Asset Management Company

Ms. Shah has been associated with the Company since December 2006 and has about 14 years of experience in treasury and fund management. She has been working at Baroda AMC for 10 years now, and earlier, she worked in the Treasury Department of Bank of India from May 1999. Academically, Ms. Shah has done her B.Com., MBA in Finance and JAIIB.

  1. Mr. Karn Kumar – Fund Manager-Debt and Senior Credit Analyst at Baroda Pioneer Asset Management Company

Mr. Kumar has over 13 years of experience in Credit Research, Fixed Income, and Corporate Finance. Before joining Baroda AMC, he was associated with CRISIL Limited and ICICI Bank in credit research and structure finance. He has also worked with Sterlite Industries Limited in the Corporate Finance Team. Academically, Mr. Kumar is a qualified Chartered Accountant and is also a B. Com (Hons) Graduate.

Why Should You Invest in Baroda Mutual Fund using EduFund?

Baroda Mutual Funds AMC is a SEBI-regulated investment securities organization that helps investors earn financial gains over an extended period. Most of the Open-Ended Schemes provide easy liquidation. Baroda Pioneer Mutual Funds further provides easy investing and redemption in a mutual fund. Through EduFund, it aims at increasing returns, minimizing the risk, and offering the best-diversified portfolio in the interest of the investor. 

The Baroda AMC fund house also gives investors access to opt for SIPs – Systematic Investment Plan through which he can invest a part of his monthly income. Baroda Mutual funds AMC keeps updating the latest NAV and portfolio and offers complete transparency to its investors, and is one of the largest platforms to invest in.

Select EduFund For Investing in Baroda Mutual Fund

EduFund’s experienced consultants give you customized solutions for all your financial goals. You can start investing from a lowly INR 5,000 and grow your capital comfortably.

With EduFund, you get the following benefits:

  • Customized Research-Based Financial Plan –  EduFund’s scientific fund tracker screen over 1 lakh data points and 400 financial scenarios to recommend you the best mutual funds. 
  • Customer-Friendly Counsellors Help You Create a Financial Plan – EduFund’s counselors are trained to handle all kinds of queries from customers. They spend as much time with you as you need and resolve all your issues to help you create a robust financial plan.
  • Invest Less, Earn More – Not only the best Indian mutual funds, but EduFund also offers you the facility to invest in US Dollar ETFs and international mutual funds.
  • Use Free Tools – EduFund offers various free tools for its customers, including College Savings Calculator, SIP calculator, etc. 
  • No Technical Expertise Required – You do not need to be an expert in finance to understand which mutual fund is the best for you. EduFund does it for you.
  • Value-Added Benefits – You may get value-added benefits like no commission, free advisory, and nil hidden charges.
  • Secure Transactions – EduFund is RIA-registered and uses top-class 128-SSL security to enable safe transactions.
  • Special Support for Children’s Education – EduFund has a dedicated team of experts who help you fulfill your children’s educational goals. 

Download the EduFund app now to start saving for a bright future.  

EduFund

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