Baroda Mutual Funds
Baroda Asset Management India Limited (BAML) is the investment manager to Baroda Mutual Fund, is a wholly-owned subsidiary of Bank of Baroda and is positioned to serve the varied asset management needs of investors in India through a range of equity, debt and money market offerings.
Baroda Asset Management India Ltd
Baroda Asset Management India Ltd. was established back in 1992. It is a wholly-owned subsidiary of Bank of Baroda. The primary focus of the AMC is to enhance the overall customer experience; along with that the AMC also works towards:
- Boosting the existing products to include more products that will provide investors with a much wider range of choices suited to their diverse needs and risk profiles
- Providing consistent and seamless investment performance through proper investment management
- Curating an increasing number of access points for investors by leveraging the vast branch network of Bank of Baroda
- Bringing in the high levels of compliance and corporate governance
- Constantly introducing highly innovative and useful service features
- Making it easier for investors to receive prompt and effective levels of customer service
Bank of Baroda Mutual Fund - Brief history of the company
In the year 2008, Pioneer Global Asset Management SpA (“PGAM”) acquired 51% stake in the AMC, which was then renamed as Baroda Pioneer Asset Management Company Ltd. and PGAM became a co-sponsor of this Mutual Fund. In June 2008, the joint venture had Rs. 30 crores in AAuM which later grew to Rs. 12,159 crores till November 2018. The AMC continues to thrive in its path of success as it grew to become a serious player in the mutual fund industry.
Pioneer Investments, which had been the sponsor of the fund for 10 years, has moved out of the joint venture owing to their merger worldwide with another asset management company. Now, Bank of Baroda, India’s 2nd largest PSU Bank has become the sole sponsor for the Mutual Fund.
On September 28, 2018, Bank of Baroda acquired the entire shareholding of UniCredit S.p.A. (formerly PGAM, which merged into its holding company, i.e. UniCredit S.p.A. from November 1, 2017) held in the AMC and Baroda Pioneer Trustee Company Private Limited. Also, the names of the AMC and Trustee have been changed to Baroda Asset Management India Limited and Baroda Trustee India Private Limited respectively, and the Mutual Fund has been renamed to Baroda Mutual Fund.
Top Performing Baroda Mutual Fund
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) | |
|---|---|---|---|---|---|---|
| Baroda Conservative Hybrid Fund | Hybrid | Moderately High | 7.5% | 4 | ₹33 | |
| Baroda Overnight Fund | Debt | Low | 3.2% | 4 | ₹490 | |
| Baroda Midcap Direct Fund | Equity | Very High | 57.6% | 3 | ₹85 | |
| Baroda Multi Cap Fund | Equity | Very High | 51.1% | 3 | ₹1,171 | |
| Baroda Large Cap Direct Fund | Equity | Very High | 29.4% | 3 | ₹51 | |
| Baroda Credit Risk Fund | Debt | Moderate | 20.6% | 3 | ₹205 | |
| Baroda Short Term Bond Direct Fund | Debt | Moderate | 4.6% | 3 | ₹262 | |
| Baroda Ultra Short Duration Fund | Debt | Low to Moderate | 3.8% | 3 | ₹151 | |
| Baroda Liquid Direct Fund | Debt | Low to Moderate | 3.4% | 3 | ₹5,944 | |
| Baroda Equity Savings Fund | Hybrid | Moderately High | 8.0% | 3 | ₹400 | |
| Baroda Equity Linked Saving Scheme 96 Fund | Equity | Very High | 42.6% | 2 | ₹217 | |
| Baroda Hybrid Equity Fund | Hybrid | Very High | 34.8% | 2 | ₹412 | |
| Baroda Banking and Financial Services Fund | Equity | Very High | 17.1% | 2 | ₹55 | |
| Baroda Gilt Fund | Debt | Moderate | 3.4% | 2 | ₹29 | |
| Baroda Dynamic Bond Fund | Debt | Moderate | 6.4% | 1 | ₹19 | |
| View All Top Performing Baroda Mutual Fund |
Key information about Baroda Asset Management India Ltd.
| Mutual fund | Baroda Mutual Fund | |||
|---|---|---|---|---|
| Asset management company | Baroda Asset Management India Ltd. | |||
| Set up | 24 November 1994 | |||
| Incorporated | 5 November 1992 | |||
| Sponsors | Bank of Baroda | |||
| Trustee | Baroda Pioneer Trustee Company Private Ltd. | |||
| Name of trustees | Mr. Y. B. Desai (Independent Director) | Mr. Deepak Narang (Independent Director) | Mr. Punit Saxena (Independent Director) | Mr. Joydeep Dutta Roy (Associate Director) |
| COO | Mr. Kiran Deshpande | |||
| MD and CEO | Mr. Anthony Heredia | |||
| CIO | Mr. Sanjay Chawla | |||
| Investor Service Officer | Mr. Amitabh Ambastha | |||
| Compliance Officer | Ms. Farhana Mansoor |
Why invest with Groww?
— Registered with SEBI, AMFI & BSE
— Paperless sign up on web & app
— Expert recommendations
— ZERO fees !
How can you invest in Baroda Mutual Fund?
You can invest in Baroda Mutual Fund online by following the few simple steps mentioned below:
Step 1. Log-in or create a new account at Groww.
Step 2. Upload your proof of identity documents - Aadhaar, Voter ID, Driving License, Passport, PAN, Central or State Government ID card, etc.
Step 3. Upload your proof of address documents - any identity KYC document with your permanent address, etc.
Step 4. Select the period of investment.
Step 5. Choose your risk appetite - low, mid, or high.
Step 6. Select the best Baroda Mutual Fund you want to invest in.
Step 7. Click on “Invest One Time” is you want to invest a lump sum amount or “Start SIP” if you want to invest via SIP.
The Baroda Mutual Fund online investment you have made will appear in your Groww account within 3 to 4 working days.
Top Fund Managers
1. Mr. Karn Kumar
Mr. Karn Kumar holds a degree in B.Com and a Chartered Accountant. Mr. Kumar is currently the Fund Manager & Senior Credit Analyst at Baroda Pioneer Mutual Fund.
He manages an AuM of Rs. 981 Crore invested in 5 schemes like Baroda Credit Risk Fund Plan B – G and D.
He was initially the Associate Manager of Corporate Finance at Sterlite Industries Ltd. in 2003. In 2006, he joined ICICI Bank as a Manager. A year later, he moved to CRISIL Ltd. as a Manager of Ratings. Mr. Kumar joined Baroda Pioneer Asset Management Ltd. as a Senior Credit Analyst in 2013. He was promoted to Fund Manager in 2017.
Mr. Karn Kumar has more than 13 years of experience in fixed income, corporate finance, and credit research.
2. Ms. Hetal P. Shah
Ms. Hetal P. Shah holds a B.Com, MBA, and JAIIB degree. She currently serves as the Fund Manager of Debt Funds at Baroda Pioneer Asset Management Company Ltd. since 2006.
Ms. Shah manages an AuM of Rs. 7,713 Crore invested in 28 schemes like Baroda Short Term Bond, Baroda Gilt Fund, Baroda Liquid Fund, Baroda Dynamic Fund, Baroda Treasury Advantage Fund, Baroda Conservative Hybrid Fund, etc.
Before joining Baroda Pioneer, she was with Bank of India in its Treasury Department back in 1999.
Ms. Hetal P. Shah has more than 20 years of experience in fund and treasury management.
3. Mr. Dipak Acharya
Mr. Dipak Acharya holds an M.Com and MBA degree. He also holds certifications from AICWA and CAIIB. Mr. Acharya is Fund Manager of Equity at Baroda Pioneer Mutual Fund since 2008.
He manages an AuM of Rs. 2,147 Crore invested in 17 schemes like Baroda Banking and Financial Services Fund, Baroda Large Cap Fund, Baroda Multi Cap Fund, Baroda Midcap Direct Fund, Baroda Hybrid Equity Fund, Baroda Equity Linked Saving Scheme 96 Fund, etc.
He has been associated with Baroda Pioneer Asset Management Company Ltd. since 2003. Prior to this, he was with the Treasury Department and Credit Department at Bank of Baroda for 10 years.
Mr. Dipak Acharya has an industry experience of more than 13 years in asset management and investment sector.
4. Mr. Alok Sahoo
Mr. Alok Sahoo holds a B.Tech degree from the National Institute of Technology, Rourkela and a PGDM in Finance degree from the Xavier Institute of Management. He is also a Financial Risk Manager from Global Association of Risk Professionals (GARP) and a Chartered Financial Analyst (CFA) from the CFA Institute.
He is currently the Head of Fixed income at Baroda Pioneer Asset Management Company Ltd. since 2008. Mr. Sahoo manages an AuM of Rs. 9,043 Crore invested in 25 schemes like Baroda Short Term Bond Direct Fund, Baroda Credit Risk Fund Plan B, Baroda Liquid Direct Fund, Baroda Dynamic Bond, Baroda Treasury Advantage Direct Fund, etc.
Mr. Sahoo was initially the Fund Manager of Fixed Income at UTI Asset Management Company in 2000. In 2006, he moved to HSBC Mutual Fund as a Fund Manager of Fixed Income.
Mr. Alok Sahoo has been associated with the asset management and investment area for more than 18 years.
5. Mr. Sanjay Chawla
Mr. Sanjay Chawla holds an MMS degree from the Birla Institute of Technology and Science, Pilani. He is currently the CIO and Co-Fund Manager of Equity and Debt Fund at Baroda Pioneer Mutual Fund since 2013.
He manages an AuM of Rs. 2,102 Crore invested in 12 schemes like Baroda Large Cap Direct Fund, Baroda Multi Cap Fund, Baroda Large Cap Direct Fund, Baroda Midcap Direct Fund, Baroda Hybrid Equity Fund, Baroda Equity Linked Saving Scheme 96 Fund, etc.
Mr. Chawla worked with Dalal Consultants and Engineers Ltd. as a Consultant in 1990. He became the Assistant Editor at Capital Market Magazine in 1992. In 2004, he joined SBI Capital Markets as the Head of Research, Vice President, and Group Head of Securities Research Group. He moved to Birla SunLife Mutual Fund as a Senior Fund Manager in 2007.
Let's have a closer look
Now let us jump and check about these top 10 mutual fund schemes.
Baroda Conservative Hybrid Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.21% & 8.68%. The Baroda Conservative Hybrid Fund comes under the Hybrid category of Baroda Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Baroda Conservative Hybrid Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹33Cr |
| 1Y Returns | 7.5% |
Baroda Overnight Fund Direct Growth
Fund Performance: The Baroda Overnight Fund comes under the Debt category of Baroda Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Baroda Overnight Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹490Cr |
| 1Y Returns | 3.2% |
Baroda Midcap Direct Fund Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 27.68% & 19.48%. The Baroda Midcap Direct Fund comes under the Equity category of Baroda Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Baroda Midcap Direct Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹85Cr |
| 1Y Returns | 57.6% |
Baroda Multi Cap Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 23.83% & 17.78%. The Baroda Multi Cap Fund comes under the Equity category of Baroda Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Baroda Multi Cap Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,171Cr |
| 1Y Returns | 51.1% |
Baroda Large Cap Direct Fund Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 16.82% & 13.77%. The Baroda Large Cap Direct Fund comes under the Equity category of Baroda Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Baroda Large Cap Direct Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹51Cr |
| 1Y Returns | 29.4% |
Baroda Credit Risk Fund Plan B Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.69% & 8.35%. The Baroda Credit Risk Fund comes under the Debt category of Baroda Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Baroda Credit Risk Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹205Cr |
| 1Y Returns | 20.6% |
Baroda Short Term Bond Direct Fund Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.67% & 7.72%. The Baroda Short Term Bond Direct Fund comes under the Debt category of Baroda Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Baroda Short Term Bond Direct Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹262Cr |
| 1Y Returns | 4.6% |
Baroda Ultra Short Duration Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.78% & null%. The Baroda Ultra Short Duration Fund comes under the Debt category of Baroda Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Baroda Ultra Short Duration Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹151Cr |
| 1Y Returns | 3.8% |
Baroda Liquid Direct Fund Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.89% & 5.78%. The Baroda Liquid Direct Fund comes under the Debt category of Baroda Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Baroda Liquid Direct Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹5,944Cr |
| 1Y Returns | 3.4% |
Baroda Equity Savings Fund Direct Growth
Fund Performance: The Baroda Equity Savings Fund comes under the Hybrid category of Baroda Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Baroda Equity Savings Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹400Cr |
| 1Y Returns | 8.0% |
Baroda Equity Linked Saving Scheme 96 Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 19.81% & 15.06%. The Baroda Equity Linked Saving Scheme 96 Fund comes under the Equity category of Baroda Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Baroda Equity Linked Saving Scheme 96 Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹217Cr |
| 1Y Returns | 42.6% |
Baroda Hybrid Equity Fund Direct Plan Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 16.62% & 13.9%. The Baroda Hybrid Equity Fund comes under the Hybrid category of Baroda Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Baroda Hybrid Equity Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹412Cr |
| 1Y Returns | 34.8% |
Baroda Banking and Financial Services Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.82% & 13%. The Baroda Banking and Financial Services Fund comes under the Equity category of Baroda Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Baroda Banking and Financial Services Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹55Cr |
| 1Y Returns | 17.1% |
Baroda Gilt Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.37% & 6.02%. The Baroda Gilt Fund comes under the Debt category of Baroda Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Baroda Gilt Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹29Cr |
| 1Y Returns | 3.4% |
Baroda Dynamic Bond Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 3.9% & 4.36%. The Baroda Dynamic Bond Fund comes under the Debt category of Baroda Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Baroda Dynamic Bond Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹19Cr |
| 1Y Returns | 6.4% |
View Mutual Funds from Other AMCs
Explore all Mutual Funds on Groww
