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Documenti di Professioni
Documenti di Cultura
July 2015
CIO Letter
Dear Investors,
Warm Greetings!
Month of July 2015 saw continued volatility in the stock markets. Market was range bound
through the month, but managed to close up 1%. Year to date, markets are up by two
percent. FIIs turned net buyers during the month, post two months of being net sellers.
Internationally, exit of Greece continue to dominate news, although market reaction was
largely neutral to events in Greece. Greece has finally agreed to the bailout package from
its lenders. While India market was range bound, Chinese markets saw wild swings in
July 2015. China market is down 29% during the month. However, YTD China market is
up 14%, as compared to India, which is up 0.4%. Over the last twelve months, China is
up 70%, while India is up 6.2%.
Core inflation rose for third straight month to 4.6% in June 2015. The all-India general
CPI inflation moved up to 5.4% in June 2015 from 5.0% in May 2015. An increase in
inflation for food and beverages mainly contributed to the rise in overall CPI inflation, while housing inflation declined
restricting an increase in overall CPI inflation in June 2015. The inflation rate for rural area was 6.1% and urban area
4.6% in June 2015 as against 5.5% and 4.4% in May 2015.
The Index of Industrial production (IIP) rose 2.7% in May 2015 compared to a downwardly revised 3.4% growth in
April 2015 and 5.6% expansion in the year-ago period. The manufacturing sector, which accounts for over 75% of
the index, grew 2.2% in May 2015 compared to an expansion of 5.9% in the year-ago period. Mining and electricity
sectors notched up healthy growth.
Though the monsoon has been slightly below normal but its progress has to be watched out along with the special
distribution. The food inflation has spiked due to protein-based items but it should remain contained due to lower
crude and commodity prices. We expect the rates to soften as there is still a chance of one more rate cut if the inflation
is contained and growth recovery is fragile. Lower CPI print and Fiscal consolidation measures are likely to be the key
triggers for the rally. The key risks are higher food inflation due to poor monsoon, slippages in fiscal deficit, spike in
crude and commodity prices and sharp hike in interest rate by US.
The monsoon session of Parliament is underway. The two key bills (GST and Land bill) apart from others, are being
delayed due the political logjam. Both the bills are very critical for the economy as many economic goals are dependent
on it. Currently, the Union Cabinet has agreed to the recommendation made by select committee of the Rajya Sabha.
We should see some progress atleast on GST in this session.
Speaking of Monsoon, the rainfall this year is near normal. After an above normal June 2015 (+16%), July 2015 Is
going to end with (-15%) as per Skymet forecast. Skymet forecasts August to be (-8%) and September 2015 to be
(+12%). Early worries on drought should subside and aid to robust farm output this year.
With expectations of improving growth and the economy likely to benefit from falling crude prices, India should
continue to attract global investors.
We continue to be constructive on equities with valuations being just a shade below long-term averages.
Happy Investing!
Sanjay Chawla
Chief Investment Officer
Source : Economic Times
INDEX
Title
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Pg 18
Investment Performance
Pg 19
portfolio
Name of Instruments
Ratings /
Industry
portfolio
% to Net
Assets
Name of Instruments
Ratings /
Industry
Auto
0.69%
Banks
5.49%
Software
4.66%
Consumer Non
Durables
0.59%
Infosys Limited
Reliance Industries Limited
Petroleum
Products
4.05%
Consumer
Durables
0.34%
Banks
3.86%
0.13%
Banks
3.73%
Consumer Non
Durables
Banks
3.60%
Software
3.55%
INVESTMENT OBJECTIVE
To generate long term Capital appreciation from an actively
managed portfolio of equity & equity related instruments.
fund details
Consumer Non
Durables
3.06%
Auto Ancillaries
2.95%
Construction
Project
2.90%
Banks
2.77%
Total
Software
2.68%
Grand Total
2.68%
2.67%
Fund Manager
Auto
2.64%
Benchmark
CNX 100*
Chemicals
2.48%
Software
2.42%
Industrial
Capital Goods
2.35%
Entry Load
Consumer Non
Durables
2.30%
Bosch Limited
Auto Ancillaries
2.27%
Banks
2.18%
2.17%
IDFC Limited
2.12%
1.84%
` 1000/month - 6 Installments
` 1500/quarter - 4 Installments
Telecom Services
1.54%
Industrial
Products
1.41%
Marico Limited
Consumer Non
Durables
1.30%
Oil
1.28%
Cipla Limited
Pharmaceuticals
1.15%
Consumer Non
Durables
1.12%
Auto
1.04%
Bharat Petroleum
Corporation Limited
15.04
0.88
1.01
1.14
Housing Development
Finance
Finance Corporation Limited
Finance
`
80.5200
36.0700
82.5200
35.1900
Total
0.08%
5.59%
Total
5.59%
Pharmaceuticals
SIP (Minimum)
Consumer Non
Durables
2.10%
Petroleum
Products
1.87%
1.02%
Telecom Services
1.02%
Consumer Non
Durables
1.01%
Sun Pharmaceuticals
Industries Limited
Pharmaceuticals
1.00%
-2.37%
-2.37%
100.00%
Top Sectors
Media & Entertainment
0.08%
Consumer Durables
0.34%
Oil
1.28%
Industrial Products
1.41%
2.35%
Chemicals
2.48%
Telecom - Services
2.56%
Construction Project
2.90%
3.22%
Petroleum Products
5.92%
Finance
6.13%
Auto
7.87%
Auto Ancillaries
7.90%
Pharmaceuticals
7.99%
** Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.
$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option
# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22
*For Disclaimer please refer page no 23
0.08%
Option
Media &
Entertainment
3.17%
Zee Entertainment
Enterprises Limited Preference shares
Pharmaceuticals
Plans
1% if redeemed on or before
365 days from the date of
allotment, Nil if redeemed after
365 days from the date
of allotment of units
96.70%
3.50%
Date of Allotment
Exit Load
Total
PREFERENCE SHARES
Nature of Scheme
Nil
% to Net
Assets
12.63%
13.31%
21.63%
portfolio
Name of Instruments
Ratings /
Industry
portfolio
% to Net
Assets
INVESTMENT OBJECTIVE
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
Nature of Scheme
0.97%
Auto
0.46%
Banks
4.45%
Infosys Limited
Software
4.15%
Total
Industrial Products
3.92%
PREFERENCE SHARES
Auto
3.73%
Banks
3.38%
Banks
3.25%
Zee Entertainment
Enterprises Limited Preference shares
Finance
3.12%
2.94%
2.71%
Software
2.71%
2.68%
Industrial Products
Multi Commodity
Finance
Exchange of India Limited
2.57%
Banks
2.52%
Construction
Project
2.44%
Housing Development
Finance Corporation
Limited
Finance
2.43%
Construction
2.38%
Finance
2.38%
IDFC Limited
2.36%
Telecom - Services
1.36%
-0.42%
100.00%
Top Sectors
Media & Entertainment
Cash & Equivalent
0.02%
0.94%
2.03%
2.35%
Telecom - Services
2.36%
Consumer Non
Durables
2.31%
Construction
2.38%
Construction Project
2.44%
2.28%
Option
Banks
Industrial Products
4.27%
Auto Ancillaries
4.42%
2.26%
Petroleum Products
2.18%
Britannia Industries
Limited
2.14%
Auto
Industrial Products
2.14%
Finance
2.09%
2.06%
Auto Ancillaries
2.03%
Marico Limited
1.99%
Consumer Non
Durables
1.90%
Hindustan Petroleum
Corporation Limited
Petroleum
Products
1.67%
Banks
1.66%
1.58%
Gas
1.56%
Pharmaceuticals
1.11%
1.90%
2.26%
1.58%
Pharmaceuticals
Software
Banks
$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option
# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22
-0.42%
Total
Auto
Plans
33.3500
39.0100
39.0100
1.36%
Total
Nil
32.2700
37.5600
37.5600
0.02%
2.36%
Exit Load
0.02%
Total
1.56%
Nil
NAV
Plan A
Dividend
Bonus
Growth
Plan B - Direct
Dividend
Bonus
Growth
Media &
Entertainment
Gas
Telecom - Equipment
& Accessories
Chemicals
Entry Load
99.04%
Grand Total
14.51
0.99
1.01
2.23
1.02%
Auto
Benchmark
Standard deviation
Sharpe
Beta
Portfolio Turnover (last 12 months)
Pharmaceuticals
Sun Pharmaceuticals
Industries Limited
Eicher Motors Limited
Fund Manager
` 1000/month - 6 Installments
` 1500/quarter - 4 Installments
% to Net
Assets
4.54%
SIP (Minimum)
Ratings /
Industry
Date of Allotment
Name of Instruments
6.21%
7.51%
8.86%
10.50%
11.24%
12.08%
19.70%
portfolio
Name of Instruments
Ratings /
Industry
Top Sectors
% to
Net
Assets
Fertilisers
Banks
12.23%
Minerals/
Mining
10.23%
INVESTMENT OBJECTIVE
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
Oil
9.60%
2.00%
Power
Construction
Project
6.26%
Construction Project
6.26%
Transportation
6.16%
Gas
5.37%
Petroleum
Products
4.89%
Petroleum
Products
4.80%
4.78%
Industrial
Capital Goods
4.13%
Bank of Baroda
Banks
3.91%
Gas
3.22%
Gas
2.67%
MOIL Limited
Minerals/
Mining
2.41%
2.39%
Benchmark
Oil
2.24%
Non - Ferrous
Metals
1.84%
Minimum Investment
Minerals/
Mining
1.69%
Entry Load
Nil
1.13%
Fertilisers
Exit Load
Total
Finance
Gas
Petroleum Products
12.08%
Banks
97.67%
6.81%
Total
6.81%
` 1000/month - 6 Installments
` 1500/quarter - 4 Installments
CRISIL AAA
Total
Grand Total
-4.81%
-4.81%
100.00%
`
8.5400
8.5400
8.7100
8.7100
$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option
# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22
11.26%
11.84%
7.72%
Oil
Minerals/Mining
4.78%
6.16%
Fund Manager
Option
4.13%
Transportation
December 4, 2010
Standard deviation
Sharpe
Beta
Portfolio Turnover (last 12 months)
1.84%
7.72%
Date of Allotment
1.13%
Plans
0.33%
Nature of Scheme
SIP (Minimum)
CRISIL AAA
14.33%
16.14%
portfolio
Name of Instruments
Ratings /
Industry
portfolio
% to Net
Assets
INVESTMENT OBJECTIVE
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
Name of Instruments
BONDS & NCDs
NTPC Limited
Construction
Project
6.55%
Telecom - Services
Chemicals
Industrial Products
5.27%
IDFC Limited
Finance
4.80%
NCC Limited
Construction
Project
4.71%
Transportation
4.09%
Telecom - Services
3.83%
Finance
3.78%
Petroleum
Products
3.66%
Industrial Products
3.65%
Power
3.16%
Industrial Products
3.15%
Industrial Products
3.08%
Sadbhav Engineering
Limited
Construction
Project
CRISIL AAA
0.26%
5.55%
4.23%
5.35%
Total
4.23%
2.92%
-2.99%
Grand Total
100.00%
Top Sectors
CRISIL AAA
1.24%
Cement
1.54%
Gas
2.30%
Auto
2.32%
2.92%
Simplex Infrastructures
Limited
Construction
2.91%
3.46%
Telecom
- Equipment &
Accessories
2.89%
Petroleum Products
3.66%
Industrial Products
Fund Manager
Benchmark
CNX Infra*
2.55%
Transportation
Housing Development
Finance
Finance Corporation Limited
2.45%
Construction
Entry Load
Nil
Construction
2.41%
Auto
2.32%
Construction Project
Exit Load
Gas
2.30%
Finance
2.16%
2.15%
Industrial Products
Chemicals
Plans
1.54%
Option
Industrial Capital
Goods
1.54%
Rural Electrification
Corporation Limited
Finance
1.49%
` 1000/month - 6 Installments
` 1500/quarter - 4 Installments
Standard deviation
Sharpe
Beta
Portfolio Turnover (last 12 months)
22.37
0.52
1.22
2.77
1.44%
Finance
1.25%
Finance
1.09%
Finance
1.06%
Honeywell Automation
India Limited
Industrial Capital
Goods
0.48%
Total
Telecom - Services
98.50%
`
12.2600
11.2900
12.4600
11.4900
$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option
# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22
*For Disclaimer please refer page no 23
0.26%
Date of Allotment
-2.99%
Total
Construction
0.26%
Total
SIP (Minimum)
% to Net
Assets
Nature of Scheme
Minimum Investment
Ratings /
Industry
2.89%
3.16%
5.35%
6.25%
7.47%
9.38%
14.18%
15.92%
20.62%
portfolio
Name of Instruments
Ratings /
Industry
Top Sectors
% to Net
Assets
INVESTMENT OBJECTIVE
The investment objective is to generate long-term capital
appreciation for unit holders from a portfolio invested
predominantly in equity and equity related securities of
companies engaged in the Banking & Financial Services
Sector.
Banks
21.60%
Banks
17.76%
Banks
13.05%
Banks
11.22%
Banks
6.23%
5.23%
Banks
3.68%
Finance
2.85%
IDFC Limited
Finance
2.82%
Bank of Baroda
Banks
2.34%
Finance
2.31%
1.87%
Rural Electrification
Corporation Limited
Finance
1.78%
Banks
1.62%
Banks
1.36%
Banks
1.33%
fund details
Finance
Total
1.25%
Finance
Banks
1.07%
0.63%
98.75%
Nature of Scheme
1.41%
Date of Allotment
Total
1.41%
Fund Manager
Benchmark
Net Receivable/Payable
Total
Minimum Investment
Entry Load
Nil
Exit Load
Plans
Option
SIP (Minimum)
` 1000/month - 6 Installments
` 1500/quarter - 4 Installments
Grand Total
-0.16%
-0.16%
100.00%
27.21
0.46
0.97
1.39
`
16.3100
15.1800
16.3100
16.6800
15.5200
16.6800
$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option
# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22
*For Disclaimer please refer page no 23
13.33%
85.42%
portfolio
Name of Instruments
Ratings /
Industry
portfolio
% to
Net
INVESTMENT OBJECTIVE
The scheme is targeted for long-term capital appreciation
along with stability through a well balanced portfolio
comprising of equity,equity related instruments, money
market instrument and debt securities.
fund details
Nature of Scheme
Date of Allotment
Fund Manager
Benchmark
Minimum Investment
Entry Load
Nil
Exit Load
Plans
Option
SIP (Minimum)
` 1000/month - 6 months
` 1500/quarter - 4 quarters
11.78
0.79
0.83
4.10
`
44.4400
22.2700
44.4400
45.5600
23.0600
4.10%
Name of Instruments
Axis Bank Limited
Kotak Mahindra Bank Limited
Total
Commercial Paper**
Housing Development Finance
Corporation Limited
Small Industries Development
Bank of India
Total
% to
Net
4.10%
0.86%
9.06%
CRISIL A1+
4.09%
CRISIL A1+
4.08%
8.17%
SOV
0.23%
SOV
0.02%
SOV
0.02%
Total
0.27%
CRISIL AAA
3.42%
1.71%
0.86%
0.85%
0.47%
0.17%
0.16%
0.11%
0.09%
0.09%
0.09%
0.05%
0.02%
8.09%
1.03%
1.03%
1.81%
1.81%
100.00%
Top Sectors
CARE AA
CRISIL AACRISIL AA+
Oil
SOV
Consumer Durables
Media & Entertainment
Construction
Gas
Chemicals
Industrial Capital Goods
Cement
Transportation
Auto Ancillaries
CRISIL AAA
Industrial Products
Telecom - Services
Construction Project
Minerals/Mining
ICRA AA
Cash & Equivalent
Petroleum Products
Pharmaceuticals
CRISIL AA
Finance
Auto
Software
Consumer Non Durables
Banks
CRISIL A1+
$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option
# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22
Ratings /
Industry
CRISIL A1+
CRISIL A1+
0.05%
0.16%
0.17%
0.19%
0.20%
0.27%
0.30%
0.65%
0.87%
0.93%
1.22%
1.29%
1.31%
1.34%
1.49%
1.61%
1.69%
2.08%
2.11%
2.56%
2.57%
2.84%
3.44%
3.45%
3.53%
4.34%
6.16%
10.14%
10.78%
15.03%
17.23%
portfolio
Name of Instruments
Ratings /
Industry
portfolio
% to Net
Assets
Banks
1.20%
Banks
1.13%
Chemicals
1.02%
Banks
0.95%
Auto
Industrial
Products
Finance
0.90%
Finance
Consumer Non
Durables
Consumer Non
Durables
Consumer Non
Durables
Software
Telecom
- Equipment &
Accessories
Banks
0.78%
INVESTMENT OBJECTIVE
Marico Limited
Infosys Limited
fund details
Construction
Project
Industrial
Products
0.90%
0.86%
Name of Instruments
0.73%
0.69%
0.67%
0.66%
Pharmaceuticals
0.13%
Consumer Durables
0.39%
Construction Project
Telecom - Equipment
& Accessories
Construction
0.65%
Auto Ancillaries
0.78%
Software
1.06%
Chemicals
1.60%
Auto
1.78%
Industrial Products
2.02%
Finance
2.23%
2.77%
0.65%
0.65%
Fund Manager
0.59%
Benchmark
0.58%
Banks
Minimum Investment
Entry Load
Nil
Exit Load
Bosch Limited
IndusInd Bank Limited
Oberoi Realty Limited
Plans
Options
Growth
Monthly Dividend
1. Payout
2. Reinvestment
Quarterly Dividend
1. Payout
2. Reinvestment
Bonus Option$
SIP (Minimum)
` 1000/month - 6 Installments
` 1500/quarter - 4 Installments
`
18.9783
13.3932
13.1147
19.4121
13.2169
13.4661
0.60%
0.58%
YTM (%)
CRISIL AA-
0.52%
CARE AA
Auto Ancillaries
Banks
Construction
0.51%
0.51%
0.41%
CRISIL AAA
4.70%
6.87%
Software
Consumer
Durables
Auto
0.39%
Construction
0.29%
Auto Ancillaries
0.27%
Banks
0.26%
9.08%
9.83%
10.62%
19.55%
SOV
24.58%
0.39%
instruments
0.36%
CRISIL AAA
11.60%
CARE AA
10.62%
CRISIL AA-
9.83%
ICRA AA
6.87%
7.29%
1.79%
19.47%
24.58%
1937.69
3.37
8.58
$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option
# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22
10
0.70%
0.52%
Lupin Limited
Pharmaceuticals
0.13%
Total
19.47%
CENTRAL GOVERNMENT SECURITIES
8.60% CGL 2028
SOV
16.34%
9.47% SDL 2024
SOV
5.60%
8.24% CGL 2027
SOV
2.64%
Total
24.58%
BONDS & NCDs
Listed / awaiting listing on the stock exchanges
0.66%
ICRA AA
Portfolio characteristic
Average Maturity (Days)
Modified Duration (Years)
1.79%
1.79%
100.00%
Rating Profile
2.65%
46.87%
7.29%
7.29%
0.77%
Date of Allotment
5.30%
% to Net
Assets
Nature of Scheme
Chemicals
Consumer Non
Durables
Industrial
Products
Auto
Ratings /
Industry
46.87%
Rating Profile
portfolio
Name of Instruments
Ratings / % to Net
Industry
Assets
CRISIL AA-
0.90%
SOV
9.76%
9.01%
CARE A1+
6.93%
CRISIL A+
8.92%
IND A1+
9.01%
CRISIL AA
9.03%
CARE A1+
Total
Investors understand that their principal will be at
Moderate risk
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.
INVESTMENT OBJECTIVE
The primary objective of the Scheme is to generate returns
by investing in debt and money market instruments across
the credit spectrum. There is no assurance or guarantee
that the investment objective of the Scheme will be
realized.
fund details
Nature of Scheme
Date of Allotment
Fund Manager
Benchmark
NA
Exit Load
Plans
Options
Growth
Monthly Dividend
1.Payout
2.Reinvestment
Quarterly Dividend
1.Payout
2.Reinvestment
Bonus Option$
SIP (Minimum)
` 1000/month - 6 Installments
` 1500/quarter - 4 Installments
5.58%
ICRA A1
25.70%
5.58%
Total
5.58%
ICRA AA
10.89%
CRISIL A
10.48%
CRISIL AA
9.03%
CRISIL A+
8.92%
CARE AA
8.57%
ICRA AA
7.32%
CARE AA
1.84%
CRISIL AA-
0.90%
Total
57.95%
8.98%
Total
8.98%
6.93%
1.79%
ICRA A1
9.76%
CARE AA
10.41%
CRISIL A
10.48%
10.77%
ICRA AA
18.21%
instruments
5.58% 1.79%
8.98%
Commercial Paper
CBLO / Reverse Repo
Investments
25.70%
CENTRAL GOVERNMENT
SECURITIES
1.79%
100.00%
57.95%
NAV
Plan A
Bonus
Growth
Dividend - Quarterly
Dividend - Monthly
Plan B - Direct
Bonus
Growth
Dividend - Quarterly
Dividend - Monthly
80.21%
17.99%
Portfolio characteristic
Average Maturity (Days)
Modified Duration (Years)
YTM (%)
859.34
1.63
10.12
$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option
`
10.5731
10.5731
10.3609
10.4322
10.6324
10.6324
10.4200
10.4914
portfolio
Name of Instruments
Ratings /
Industry
rating profile
% to Net
Assets
INVESTMENT OBJECTIVE
To generate income by investing in a portfolio of
Government securities.
fund details
Nature of Scheme
SOV
23.57%
SOV
17.39%
SOV
9.17%
SOV
7.40%
SOV
7.34%
SOV
6.09%
SOV
5.54%
SOV
4.55%
SOV
4.17%
SOV
Total
Fund Manager
Benchmark
I SEC-MI BEX
2.15%
9.58%
Total
9.58%
12.63%
SOV
87.37%
87.37%
3.05%
Total
3.05%
Grand Total
Date of Allotment
instruments
100.00%
9.58%
3.05%
CENTRAL GOVERNMENT
SECURITIES
Nil
Exit Load
Plans
Options
Growth
Dividend
1 .Payout
2 .Reinvestment
Bonus Option$
SIP (Minimum)
` 1000/month - 6 Installments
` 1500/quarter - 4 Installments
9.58%
Above 10 Years
87.39%
`
22.2500
19.3075
22.8592
19.7895
Portfolio characteristic
Average Maturity (Days)
Modified Duration (Years)
YTM (%)
3619.73
6.24
7.95
$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option
# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22
portfolio
Name of Instruments
Ratings /
Industry
rating profile
% to Net
Assets
INVESTMENT OBJECTIVE
To generate regular income by investing in a portfolio of
good quality Fixed Income Securities by maintaining a
balance between Risk & Return.
SOV
37.27%
SOV
13.09%
SOV
6.49%
SOV
3.56%
SOV
3.42%
SOV
3.07%
SOV
Total
ICRA AA
5.22%
1.96%
CRISIL AA-
20.95%
CRISIL AA-
12.61%
Vijaya Bank
CRISIL AA-
8.34%
ICRA AA
4.29%
ICRA AA
0.93%
2.77%
2.77%
Total
Date of Allotment
Fund Manager
Net Receivable/Payable
Benchmark
Total
Grand Total
Minimum Investment
Entry Load
Nil
Exit Load
Plans
Options
Growth
Dividend
1.Payout
2.Reinvestment
Bonus Option$
SIP (Minimum)
` 1000/month - 6 Installments
` 1500/quarter - 4 Installments
SOV
68.86%
26.17%
Nature of Scheme
4.97%
68.86%
Total
fund details
instruments
2.77%
2.20%
2.20%
CENTRAL
GOVERNMENT
SECURITIES
2.20%
26.17%
100.00%
3.70%
0.00%
94.11%
`
22.0569
22.0569
22.6083
Portfolio characteristic
Average Maturity (Days)
Modified Duration (Years)
YTM (%)
5694.02
6.93
8.78
$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option
# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22
rating profile
portfolio
Name of Instruments
Ratings /
Industry
% to Net
Assets
INVESTMENT OBJECTIVE
The investment objective of the scheme is to generate
returns with liquidity by managing the portfolio dynamically
through interest rate cycles.
fund details
SOV
18.44%
SOV
11.11%
SOV
10.49%
SOV
10.39%
SOV
9.84%
SOV
8.15%
SOV
4.92%
SOV
3.04%
SOV
0.61%
Total
5.18%
CRISIL AA-
8.57%
CARE AA
9.26%
76.99%
CARE AA
9.26%
Vijaya Bank
CRISIL AA-
5.70%
CRISIL AA-
Total
SOV
76.99%
2.87%
17.83%
1.10%
Total
1.10%
Nature of Scheme
Date of Allotment
Net Receivable/Payable
4.08%
Fund Manager
Total
4.08%
Benchmark
Grand Total
Minimum Investment
Entry Load
Nil
Exit Load
Plans
Options
Growth
Dividend
1. Payout
2. Reinvestment
Bonus Option$
SIP (Minimum)
` 1000/month - 6 Installments
` 1500/quarter - 4 Installments
instruments
4.08%
1.10%
100.00%
17.83%
85.56%
0.00%
10.36%
`
13.1921
11.9074
13.5389
12.2593
Portfolio characteristic
Average Maturity (Days)
Modified Duration (Years)
YTM (%)
5010.70
6.75
8.85
$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option
# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22
CENTRAL
GOVERNMENT
SECURITIES
portfolio
Name of Instruments
Ratings /
Industry
rating profile
% to Net
Assets
CARE AA
6.07%
CRISIL AA-
6.25%
Certificate of Deposit**
IDBI Bank Limited
CRISIL A1+
Total
17.44%
17.44%
Commercial Paper**
S.D. Corporation Private
Limited
CRISIL A+
CRISIL A1+
Total
INVESTMENT OBJECTIVE
The objective of the Scheme is to generate income from a
portfolio constituted of short term debt and money market
securities.
fund details
17.39%
CRISIL AA
Rural Electrification
Corporation Limited
CRISIL AAA
CRISIL A+
9.00%
CRISIL AA-
6.25%
Rural Electrification
Corporation Limited
CRISIL AAA
6.08%
Date of Allotment
CRISIL AAA
3.04%
Fund Manager
Benchmark
CRISIL AAA
1.21%
CRISIL AAA
0.60%
Minimum Investment
Entry Load
Nil
Total
Exit Load
9.66%
Total
9.66%
SIP (Minimum)
20.02%
CRISIL A1+
34.83%
instruments
6.07%
Growth
Dividend
1. Payout
2. Reinvestment
Bonus Option$
12.26%
CRISIL AAA
CARE AA
Options
CRISIL AA
9.09%
11.57%
12.26%
Plans
Nature of Scheme
9.00%
17.39%
53.60%
9.66%
1.91%
Certificate of Deposit
17.39%
Total
Grand Total
17.44%
1.91%
1.91%
100.00%
` 1000/month - 6 Installments
` 1500/quarter - 4 Installments
53.61%
0.00%
44.49%
`
14.9188
10.0719
15.1097
10.0745
Portfolio characteristic
Average Maturity (Days)
Modified Duration (Years)
YTM (%)
424.56
0.97
8.71
* With effect from 3rd august 2015 exit load has been changed
$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option
# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22
Commercial Paper
CBLO / Reverse Repo
Investments
portfolio
Name of Instruments
Ratings /
Industry
Rating Profile
% to Net
Assets
SOV
24.54%
SOV
2.13%
Total
20.89%
26.67%
INVESTMENT OBJECTIVE
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.
CRISIL AAA
CRISIL AAA
15.91%
Rural Electrification
Corporation Limited
CRISIL AAA
15.88%
Nature of Scheme
Date of Allotment
Fund Manager
Benchmark
Minimum Investment
Entry Load
Nil
Exit Load
Nil
Plans
Options
Growth
Monthly Dividend
1.Payout
2.Reinvestment
Quarterly Dividend
1.Payout
2.Reinvestment
Bonus Option$
SIP (Minimum)
` 1000/month - 6 Installments
` 1500/quarter - 4 Installments
SOV
Total
26.67%
52.44%
2.48%
Total
2.48%
CRISIL AAA
52.44%
18.41%
Total
18.41%
Grand Total
fund details
20.65%
instruments
100.00%
2.48%
26.67%
79.11%
0.00%
2.48%
`
15.1690
10.1926
10.2975
15.2712
10.1931
NA
Portfolio characteristic
Average Maturity (Days)
Modified Duration (Years)
YTM (%)
1546.35
3.18
8.11
$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option
# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22
CENTRAL
GOVERNMENT
SECURITIES
Cash & Cash
Equivalents
52.44%
portfolio
Name of Instruments
Ratings /
Industry
portfolio
% to Net
Assets
INVESTMENT OBJECTIVE
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
Nature of Scheme
Date of Allotment
Fund Manager
Benchmark
Nil
Exit Load
Nil
Plans
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)
` 1000/month - 6 Installments
` 1500/quarter - 4 Installments
28.53%
72.30%
Portfolio characteristic
Average Maturity (Days)
Modified Duration (Years)
YTM (%)
238.45
0.58
8.53
Certificate of Deposit**
Syndicate Bank
CRISIL A1+
Axis Bank Limited
CRISIL A1+
Indian Bank
CRISIL A1+
Andhra Bank
CRISIL A1+
Corporation Bank
CRISIL A1+
State Bank of Hyderabad
CRISIL A1+
Oriental Bank of Commerce
CRISIL A1+
Bank of India
CRISIL A1+
IDBI Bank Limited
CRISIL A1+
Canara Bank
CRISIL A1+
Kotak Mahindra Bank Limited
CRISIL A1+
Total
Commercial Paper**
Housing Development Finance
CRISIL A1+
Corporation Limited
Edelweiss Commodities Services Limited CRISIL A1+
Edelweiss Financial Services Limited
CRISIL A1+
Indiabulls Housing Finance Limited
CRISIL A1+
S.D. Corporation Private Limited
CRISIL A1+
IIFL Realty Limited
CRISIL A1+
Housing Development Finance
CRISIL A1+
Corporation Limited
Shapoorji Pallonji & Company Private
ICRA A1+
Limited
S.D. Corporation Private Limited
CARE A1+
Peninsula Land Limited
ICRA A1
Peninsula Land Limited
ICRA A1
Edelweiss Financial Services Limited
CRISIL A1+
Edelweiss Commodities Services Limited CRISIL A1+
IIFL Realty Limited
ICRA A1+
Afcons Infrastructure Limited
CRISIL A1+
Afcons Infrastructure Limited
CRISIL A1+
Housing Development Finance
ICRA A1+
Corporation Limited
Housing Development Finance
ICRA A1+
Corporation Limited
Small Industries Development Bank
CARE A1+
of India
Housing Development Finance
CRISIL A1+
Corporation Limited
Total
Treasury Bill
TBILL 91 DAY 03 Sep 2015
SOV
Total
BONDS & NCDs
Listed / awaiting listing on the stock exchanges
India Infoline Housing Finance Limited CRISIL AA
Aspire Home Finance Corporation
CRISIL A+
Limited
Piramal Enterprises Limited
ICRA AA
Muthoot Fincorp Limited
CRISIL A
JSW Steel Limited
CARE AA
Power Finance Corporation Limited
CRISIL AAA
Indiabulls Housing Finance Limited
CRISIL AAA
Indiabulls Housing Finance Limited
CARE AAA
Power Finance Corporation Limited
CRISIL AAA
Piramal Enterprises Limited
ICRA AA
Piramal Enterprises Limited
CRISIL AA
India Infoline Housing Finance Limited CRISIL AA
India Infoline Housing Finance Limited CRISIL AAIndia Infoline Finance Limited
CRISIL AA
Powergrid Vizag Transmission Limited
CRISIL AAA
Power Finance Corporation Limited
CRISIL AAA
Shriram City Union Finance Limited
CRISIL AANabha Power Limited
CRISIL AAA
Power Grid Corporation of India Limited CRISIL AAA
Rural Electrification Corporation Limited CRISIL AAA
Rural Electrification Corporation Limited CRISIL AAA
Steel Authority of India Limited
CARE AAA
IDFC Limited
CRISIL AAA
Power Grid Corporation of India Limited CRISIL AAA
Edelweiss Commodities Services Limited ICRA AA
Power Finance Corporation Limited
CRISIL AAA
Cholamandalam Investment and Finance ICRA AA
Company Limited
NHPC Limited
CRISIL AAA
India Infoline Housing Finance Limited ICRA AA
Hdb Financial Services Limited
CRISIL AAA
Total
Fixed Deposit
Karur Vysya Bank Limited
Unrated
Total
CBLO / Reverse Repo Investments
Total
Cash & Cash Equivalents
4.80%
4.77%
3.82%
3.44%
2.40%
2.40%
2.34%
2.30%
2.20%
1.14%
0.96%
30.57%
Name of Instruments
Ratings /
Industry
% to Net
Assets
Net Receivable/Payable
Total
Grand Total
-0.83%
-0.83%
100.00%
Rating Profile
Cash & Equivalent
-0.78%
CRISIL AA-
1.13%
4.68%
SOV
1.43%
4.68%
4.67%
4.66%
2.43%
2.38%
2.34%
Unrated
1.44%
CARE AAA
1.44%
CARE AA
1.81%
CRISIL A
1.88%
CRISIL A+
2.11%
CARE A1+
3.26%
ICRA A1
3.39%
ICRA AA
3.51%
2.29%
2.11%
2.05%
1.34%
1.20%
1.20%
1.20%
1.17%
1.17%
1.17%
CRISIL AA
5.29%
1.16%
ICRA A1+
5.82%
1.15%
CRISIL AAA
6.64%
0.48%
CRISIL A1+
61.63%
43.53%
instruments
1.43%
1.43%
1.43%
1.44%
2.52%
2.11%
1.92%
1.88%
1.81%
1.25%
1.20%
1.20%
1.20%
1.20%
1.20%
0.97%
0.65%
0.60%
0.48%
0.48%
0.48%
0.35%
0.34%
0.32%
0.25%
0.24%
0.24%
0.22%
0.19%
0.17%
0.15%
0.13%
0.05%
0.01%
23.81%
1.44%
1.44%
0.05%
0.05%
0.05%
- 0.83%
43.53%
Commercial Paper
Certificate of Deposit
23.81%
30.57%
`
1618.0291
1002.7120
1002.6713
1003.6843
1098.6556
1636.9448
1642.4882
1026.7462
1023.0546
1003.9059
1016.4821
1653.8182
1653.9644
1008.1286
1002.8774
1006.0377
1019.9442
$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option
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 23
# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22
Rating Profile
portfolio
Name of Instruments
Ratings / % to Net
Industry
Assets
Certificate of Deposit**
Syndicate Bank
Corporation Bank
CRISIL A1+
5.91%
CRISIL A1+
5.88%
Indian Bank
CRISIL A1+
4.33%
CRISIL A1+
3.94%
CRISIL A1+
3.85%
Corporation Bank
CRISIL A1+
0.98%
Dena Bank
CRISIL A1+
0.49%
CRISIL A1+
Total
Entry Load
Nil
Commercial Paper**
Housing Development Finance
Corporation Limited
Indiabulls Housing Finance Limited
Indiabulls Commercial Credit
Limited
Indiabulls Finance Company Private
Limited
Power Finance Corporation Limited
National Bank for Agriculture &
Rural Development
Reliance Home Finance Limited
Edelweiss Financial Services Limited
Edelweiss Commodities Services
Limited
Housing Development Finance
Corporation Limited
Edelweiss Commodities Services
Limited
Edelweiss Financial Services Limited
Edelweiss Commodities Services
Limited
Bilt Graphic Paper Products Limited
Exit Load
Nil
Total
Plans
Treasury Bill
Options
Growth
Daily Dividend
1.Reinvestment
Weekly Dividend
2.Payout
3.Reinvestment
Bonus Option$
INVESTMENT OBJECTIVE
To generate income with a high level of liquidity by investing
in a portfolio of money market and debt securities.
fund details
Nature of Scheme
Date of Allotment
February 5, 2009
Fund Manager
Benchmark
SIP (Minimum)
0.00%
61.37%
26.98
0.07
7.80
IND A1+
0.89%
Unrated
12.28%
0.40%
CRISIL A1+
5.84%
CRISIL A1+
CRISIL A1+
3.93%
2.95%
CRISIL A1+
2.95%
CRISIL A1+
CRISIL A1+
2.95%
1.97%
CRISIL A1+
CRISIL A1+
CRISIL A1+
1.97%
1.97%
1.97%
CRISIL A1+
1.78%
CRISIL A1+
0.99%
CRISIL A1+
CRISIL A1+
0.99%
0.89%
IND A1+
0.89%
32.04%
SOV
5.91%
SOV
4.41%
SOV
2.97%
SOV
2.56%
SOV
1.98%
SOV
0.98%
18.81%
Fixed Deposit
Indusind Bank Limited
Unrated
3.96%
Unrated
1.98%
Unrated
1.98%
Unrated
1.98%
Unrated
1.39%
Unrated
Total
Portfolio characteristic
0.20%
36.67%
Total
` 1000/month - 6 Installments
` 1500/quarter - 4 Installments
0.99%
SOV
18.81%
CRISIL A1+
67.82%
instruments
0.19%
12.28%
0.01%
36.67%
Certificate of Deposit
Commercial Paper
Treasury Bill
18.81%
Fixed Deposit
32.04%
`
2454.8477
2103.2306
1006.0600
1639.8047
1646.8100
1001.1191
1000.9236
1650.3624
1001.1191
1198.7115
1650.6450
12.28%
0.01%
Total
0.01%
0.19%
0.19%
100.00%
$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 and hence, no fresh subscriptions are accepted under this Option
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 23
# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22
Investment Performance
31st July, 2015
Since
Inception@
66.56
47.68
45.07
10.00
17.23
39.60
5.79
19.01
11.49
31.98
11.19
17.10
9.95
30.28
10.67
16.55
NA
NA
NA
`78,030
NA
NA
NA
`64,450
NA
NA
NA
`60,990
Since
Inception@
28.45
21.82
21.57
10.00
15.31
40.93
7.41
13.31
9.31
31.03
11.28
11.58
9.95
30.28
10.67
11.75
NA
NA
NA
`1,11,053
NA
NA
NA
`82,519
NA
NA
NA
`84,934
Since
Inception@
38.86
29.76
27.31
10.00
10.81
30.58
8.97
13.16
8.78
21.01
10.90
13.09
9.95
30.28
10.67
16.55
NA
NA
NA
`43,060
NA
NA
NA
`42,749
NA
NA
NA
`60,990
Since
Inception@
13.62
10.83
10.04
10.00
17.40
25.76
7.87
16.80
20.04
31.20
12.35
21.97
9.95
30.28
10.67
17.46
NA
NA
NA
`15,990
NA
NA
NA
`18,226
NA
NA
NA
`16,262
Investment Performance
31st July, 2015
Since
Inception@
10.00
11.27
6.93
7.46
3.90
62.63
-7.10
3.19
-3.51
49.55
-6.65
-0.70
9.95
30.28
10.67
9.45
NA
NA
NA
`11,710
NA
NA
NA
`9,651
NA
NA
NA
`15,740
Since
Inception@
9.20
6.28
7.21
10.00
-8.80
46.50
-12.90
-3.64
-11.53
40.09
-15.09
-6.54
9.95
30.28
10.67
6.68
NA
NA
NA
`8,390
NA
NA
NA
`7,256
NA
NA
NA
`13,586
Since
Inception@
13.89
13.05
11.80
10.00
8.31
6.41
10.59
7.68
11.10
4.60
10.72
7.73
11.76
-2.47
12.10
5.62
NA
NA
NA
`15,042
`10,000, if invested in CRISIL Composite Bond Fund Index, would have become
NA
NA
NA
`15,079
NA
NA
NA
`13,522
Since
Inception@
13.53
12.55
11.45
10.00
9.41
7.83
9.59
8.15
9.56
8.81
9.30
8.40
11.76
-2.47
12.10
5.90
NA
NA
NA
`14,801
`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become
NA
NA
NA
`14,970
NA
NA
NA
`13,321
Investment Performance
31st July, 2015
Since
Inception@
1503.27
1372.34
1259.52
1000.00
8.82
9.54
8.96
7.99
8.77
9.68
8.12
7.53
8.54
5.93
8.17
5.95
NA
NA
NA
`16,358
NA
NA
NA
`15,911
NA
NA
NA
`14,472
Since
Inception@
1491.04
1362.95
1245.91
1000.00
9.27
9.40
9.39
8.45
8.77
9.68
8.12
7.58
8.54
5.93
8.17
6.10
NA
NA
NA
`16,293
NA
NA
NA
`15,527
NA
NA
NA
`14,279
Since
Inception@
11.63
11.12
10.00
10.00
12.13
4.65
11.16
9.26
11.10
4.60
10.72
8.77
8.54
5.93
8.17
7.54
NA
NA
NA
`13,044
`10,000, if invested in CRISIL Composite Bond Fund Index, would have become
NA
NA
NA
`12,867
NA
NA
NA
`12,437
Since
Inception@
16.89
15.02
13.88
10.00
10.68
12.44
8.23
5.96
11.05
8.28
10.83
8.34
11.76
-2.47
12.10
5.44
NA
NA
NA
`18,693
NA
NA
NA
`23,791
NA
NA
NA
`17,729
*Monthly income is not assured and is subject to the availability of distributable surplus.
Investment Performance
31st July, 2015
Since
Inception@
19.71
18.80
17.11
10.00
11.65
4.81
9.92
6.12
11.42
6.58
9.29
7.50
11.76
-2.47
12.10
6.34
NA
NA
NA
`22,003
NA
NA
NA
`26,121
NA
NA
NA
`22,638
Since
Inception@
19.76
19.06
17.24
10.00
10.40
3.72
10.54
6.05
11.10
4.60
10.72
6.68
11.76
-2.47
12.10
6.34
NA
NA
NA
`21,821
`10,000, if invested in CRISIL Composite Bond Fund Index, would have become
NA
NA
NA
`23,603
NA
NA
NA
`22,638
Disclaimer CNX Bank Index: The Baroda Pioneer Banking and Financial Services Fund offered by Baroda Pioneer Mutual Fund or its affilates is not sponsored,
endorsed, sold or promoted by India Index Services & Products Limited (IISL) and its affiliates. IISL and its affiliates do not make any representation or warranty,
express or implied (including warranties of merchantability or fitness for particular purpose or use) to the owners of Baroda Pioneer Banking and Financial Services
Fund or any member of the public regarding the advisability of investing in securities generally or in the Baroda Pioneer Banking and Financial Services Fund linked
to CNX Bank Index or particularly in the ability of the CNX Bank Index to track general stock market performance in India. Please read the full disclaimers in relation
to the CNX Bank Index in the Offer Document/ Prospectus / Information Statement.
Disclaimer CNX100: Baroda Pioneer Growth Fund is 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, to the owners of Baroda Pioneer Growth Fund or any member of the public regarding the advisability
of investing in securities generally or in Baroda Pioneer Growth Fund particularly or the ability of the CNX 100 Index to track general stock market performance
in India. The relationship of IISL to the Issuer is only in respect of the licensing of certain trademarks and trade names of its Index, which is determined, composed
and calculated by IISL without regard to the Issuer or Baroda Pioneer Growth Fund. IISL does not have any obligation to take the needs of the Issuer or the owners
of Baroda Pioneer Growth Fund into consideration in determining, composing or calculating the CNX 100 Index. IISL is not responsible for nor has participated in
the determination of the timing of, prices at, or quantities of Baroda Pioneer Growth Fund to be issued or in the determination or calculation of the equation by
which Baroda pioneer Growth Fund is to be converted into cash. IISL has no obligation or liability in connection with the administration, marketing or trading of
Baroda Pioneer Growth Fund.
Disclaimer CNX Infra: Baroda Pioneer Infrastructure Fund offered by Baroda Pioneer Mutual Fund is not sponsored, endorsed, sold or promoted by India Index
Services & Products Limited (IISL). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for
particular purpose or use) and disclaims all liability to the owners of Baroda Pioneer Infrastructure Fund or any member of the public regarding the advisability of
investing in securities generally or in the Baroda Pioneer Infrastructure Fund linked to CNX Infra or particularly in the ability of the CNX Infra index to track general
stock market performance in India. Please read the full disclaimers in relation to CNX Infra 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.
Mutual fund investments are subject to market risks,read all scheme related documents carefully.
Contact Points:
Toll Free Number: 1-800-419 0911 | Email: Info@BarodaPioneer.in | Website:www.barodapioneer.in
Registered Office
Baroda Pioneer Asset Management Company Ltd.
CIN : U65991MH1992PLC069414
501 Titanium, 5th Floor, Western Express Highway, Goregaon (E), Mumbai - 400063.
Phone: +91 22 3074 1000 / 4219 7999. Fax: +91 22 3074 1001.
Branch Office
Baroda Pioneer Asset Management Company Ltd.
Flat No. 103 & 104, First Floor,Prakash Deep Building, 7 Tolstoy Marg, New Delhi - 110001.
Phone: 011-43514662
Branch Office
Baroda 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 3539