Baroda Pioneer Asset Management Company Limited is a collaboration between two big financial players — Bank of Baroda and Pioneer Investments. The AMC offers a range of products in the market to cater to every individual for his financial needs and goals in every segment it can be equity, debt and money market. Currently, the company is operating in 40 locations in India and its Assets under Management (AUMs) are Rs 9130.22 Cr.
Benefits of Investing in Mutual Funds
- Mutual Funds are SEBI-regulated investment securities that help investors reap financial gains over an extended period of time.
- Investor does not need to pay any long-term capital gain tax. Dividends given are completely tax free if the securities are held for more than 1 year.
- Mutual Funds can be easily liquidated. Most of the Open Ended Schemes provides liquidation within 3 working days.
- Baroda Pioneer Mutual Funds offers easy investing and redemption in mutual fund.
- Baroda Pioneer Mutual Funds always make the best diversified portfolio in the interest of the investor to minimize the risk and increase returns.
- The fund house offers Systematic Investment Planning (SIP) by which investor can invest some part of his monthly income.
- Baroda Pioneer Mutual funds offers complete transparency and keeps on updating latest NAV and Portfolio.
How to Complete Your Mutual Fund eKYC
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Companies)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your Mutual Fund eKYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of a fund house or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Documents Required for Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
1. Identity Proof
- Aadhaar Card
- PAN Card
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Recent Utility Bill
- Rental/Lease Agreement
How to Invest in Mutual Funds via Paisabazaar.com?
Step 1: Go to Paisabazaar.com
Step 2: Select the ‘Mutual Fund’ option.
Step 3: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 4: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 5: Select the Baroda Pioneer Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 6: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 7: You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days.
Different Schemes Offered by Baroda Pioneer Mutual Fund
Baroda Equity Schemes
Equity Schemes also called as Stock Schemes or Stock Funds. In these Schemes major part of the shareholder fund is invested in equities by doing perfect analysis and some part may also be invested in debt and money market instruments. As the major part of fund is invested in equities, these funds are associated with high risk. But as is commonly said, more risk more return and less risk less return. These schemes are good for investors who want to invest for long term and goal of the investor is capital growth.
|S.No.||Fund Name||Fund Highlights||Riskometer||AUM (Approx)|
|1.||Baroda Pioneer PSU Equity Fund-Growth||Long Term Capital Growth, Invests in Domestic Public Sector Equites, Open-Ended,||MODERATELY HIGH||INR 25.39 Cr||Dipak Acharya, Sanjay Chawla|
|2.||Baroda Pioneer Infrastructure Fund – Growth||Long Term Capital Appreciation, Invests in Equities & related securities of infrastructure companies||MODERATELY HIGH||INR 16.79 Cr||Dipak Acharya, Sanjay Chawla|
|3.||Baroda Pioneer ELSS’96 – Plan A- Growth||Long Term Capital Growth, Tax Benefit||MODERATELY HIGH||INR 45.10 Cr||Dipak Acharya, Sanjay Chawla|
|4.||Baroda Pioneer Growth Fund – Growth||Long Term Capital Appreciation, Invests in Equity & Equity Related Istruments,||MODERATELY HIGH||INR 245.26 Cr||Dipak Acharya, Sanjay Chawla|
|5.||Baroda Pioneer Balanced Fund – Growth||Long Term Capital Growth, Invests in Balance of Equity, Debt and Money Market Securities||MODERATELY HIGH||INR 164.39 Cr||Dipak Acharya, Sanjay Chawla|
|6.||Baroda Pioneer Banking and Financial Services Fund – Growth||Long Term Capital Appreciation, Invests in Portfolio of Equities of Banking and Financial Securities||HIGH||INR 34.59 Cr||Dipak Acharya, Sanjay Chawla|
Baroda Debt Income Schemes
Debt Income Schemes invests in debt and the fixed income securities. The main objective of these schemes is to provide a fixed income to the investor. Fixed income securities include Treasury Bills, Government Securities, Corporate Bonds, Money Market Instruments and several other debt securities.
|S.No.||Fund Name||Fund Highlights||Riskometer||AUM (Approx)||Fund Manager|
|1.||Baroda Pioneer Short Term Bond Fund – Growth||Generate Income, Invests in Money Market Securities & Short Term Debt||MODERATELY LOW||INR 71.13 Cr||Alok Sahoo, Hetal P. Shah|
|2.||Baroda Pioneer Treasury Advantage Fund-Plan A –Growth||Provides Liquidity, Optimal Returns, Invests in Debt Securities & Money Market Instruments||MODERATELY LOW||INR 738.93 Cr||Alok Sahoo, Hetal P. Shah|
|3.||Baroda Pioneer Income Fund-Growth||Regular Income, Invests in fixed Income Securities, Maintains Balance Between Risk & Return||MODERATE||INR 22.96 Cr||Alok Sahoo, Hetal P. Shah|
|4.||Baroda Pioneer GILT Fund – Growth||Generate Income, Invests in Government Securitites||MODERATE||INR 30.76 Cr||Alok Sahoo, Hetal P. Shah|
|5.||Baroda Pioneer MIP Fund– Growth||Regular Income, Invests in Debt & Money Market Instruments, Long Term Capital Appreciation||MODERATE||INR 20.56 Cr||Alok Sahoo, Hetal P. Shah|
|6.||Baroda Pioneer Dynamic Bond Fund– Growth||Generate Returns, Provides Liquidity||MODERATE||INR 10.23 Cr||Alok Sahoo, Hetal P. Shah|
|7.||Baroda Pioneer Credit Opportunities Fund– Growth||Generate Returns, Invests Across the Credit Spectrum in Debt & Money Market Instruments||MODERATE||INR 100.50 Cr||Alok Sahoo, Hetal P. Shah|
Baroda Liquid Scheme
The underlying asset for these schemes are mix of Treasury Bills, Certificate of Deposits, Commercial Papers and term deposits which provides easy liquidation and can fulfill the demand of the investor of redemption.
|S.No.||Fund Name||Fund Highlights||Riskometer||AUM (Approx)||Fund Manager|
|1.||Baroda Pioneer Liquid Fund||Generate Income, High Level Liquidity, Invests in Money Market & Debt Securities||LOW||INR 3.46 Cr||Alok Sahoo|
Mr. Alok Sahoo
Mr. Alok Sahoo completed his Bachelors of Engineering Degree from NIT Rourkela and further added MBA from Xavier’s Institute of Management, Bhubaneshwar. He has been working in the investment domain from last 13 years and have rich experience.
Mr. Dipak Acharya
Mr. Dipak Acharya holds a Masters in Commerce and further added AICWA, CAIIB and PGPMS. He has an over 9 years of experience in the investment domain. He is in the organization from September 2008 and currently working as the fund manager for the equity schemes in the Baroda Pioneer Mutual Funds. Previously he has also worked with BoB Mutual Funds and also worked in credit and Treaury Department of Bank of Baroda for approx 10 years.
Ms. Hetal P. Shah
Ms. Hetal completed her degree in Bachelors of Commerce then added qualification of Masters in Business Administration in Finance and JAIIB. She has total of 14 years of experience in Treasury and Management. She has been working with Baroda Pioneer Mutual Fund from over 10 years and prior working here she was associated with Bank of India from May 1999 in the Treasury Department.
Mr. Sanjay Chawla
Mr. Sanjay Chawla completed his MMS from BITS Pilani and ever since he has been contributing to the Indian Finance Industry from over 25 years. Currently, he is the Chief Investment Officer of Baroda Pioneer Mutual Funds. He worked in fund management, consultancy in management, and also in Equity Research. Before joining Baroda Pioneer Mutual Funds he was working with Birla Sunlife AMC as Senior Fund Manager of Equity Schemes where he was handling different equity schemes and making strategies. He has also worked with SBI Capital Market as Head of Research. Prior to that he worked with Motilal Oswal Securities, IDBI Capital Markets, IIT Invest Trust and Lloyd Securities, and SMIFS Securities.
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.
List of Best Performing Baroda Pioneer Mutual Fund Schemes
|Fund Name||1 year Return (%)|
|Baroda Pioneer CHF – Direct Growth||14.6|
|Baroda Pioneer Gilt Fund-Direct Growth||14.5|
|Baroda Pioneer CHF Growth||13.7|
|Baroda Pioneer Gilt Fund Growth||13.7|
|Baroda Pioneer STBF – Direct Growth||10|
|Baroda Pioneer Short Term Bond Growth||9.3|
|Baroda USDF – Direct Plan||8.4|
|Baroda USDF – Regular Growth||8.1|
|Baroda Pioneer Liquid -Direct Growth||7.3|
|Baroda Pioneer Liquid Growth||7.2|
|Baroda Pioneer Liquid -Plan A Growth||7.2|
|Baroda Pioneer Large Cap – Direct Growth||6.5|
|Baroda Credit Risk Fund Plan B – Direct Growth||4.46|
|Baroda Pioneer Credit Risk Fund – Direct Growth||4.4|
|Baroda Pioneer Growth – Direct Growth||3.9|
|Baroda Credit Risk Fund Plan A – Regular Growth||3.52|
|Baroda Pioneer Credit Risk Fund Growth||3.5|
|Baroda Pioneer Growth Growth||3|
|Baroda Pioneer ELSS 96 – Plan B Direct Growth||0.4|
|Baroda Pioneer Dyn Bond – Direct Growth||0.3|
|Baroda Pioneer Mid-cap Fund – Direct Growth||0.2|
|Baroda Pioneer Dynamic Bond Growth||-0.1|
|Baroda Pioneer Hybrid Equity Fund – Direct Growth||-0.4|
|Baroda Pioneer ELSS 96 – Plan-A Growth||-0.5|
|Baroda Pioneer Mid-cap Fund Growth||-0.7|
|Baroda Pioneer Hybrid Equity Fund Growth||-1.4|
|Baroda Bank & Financial Serv. Growth||-1.58|
|Baroda Pioneer Bank&Fin.- Direct Growth||-1.58|
|Baroda Pioneer Large Cap Growth||-7.7|
|Baroda Bank & Financial Serv. (Bonus)||-12.24|
|Baroda Pioneer TAF – Direct Growth||-16.3|
|Baroda Pioneer TAF – Plan A Growth||-16.6|
|Baroda Pioneer TAF – Regular Plan||-16.6|