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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.

List of undefined in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Baroda BNP Paribas Multi Cap FundEquityVery High12.0%5₹1,754
Baroda BNP Paribas Balanced Advantage FundHybridVery High4.6%5₹3,164
Baroda BNP Paribas Credit Risk FundDebtModerately High13.1%5₹205
Baroda BNP Paribas Large & Mid Cap FundEquityVery High11.7%5₹622
Baroda Midcap Direct FundEquityVery High27.5%4₹92
Baroda Conservative Hybrid FundHybridModerately High4.2%4₹29
Baroda BNP Paribas Liquid Direct FundDebtModerate3.6%4₹6,968
Baroda BNP Paribas Overnight FundDebtLow3.4%4₹410
Baroda Equity Linked Saving Scheme 96 FundEquityVery High18.5%3₹201
Baroda Hybrid Equity FundHybridVery High15.6%3₹374
Baroda BNP Paribas Short Duration Direct FundDebtModerate2.5%3₹402
Baroda BNP Paribas Ultra Short Duration FundDebtLow to Moderate3.6%3₹302
Baroda BNP Paribas Banking & PSU Bond FundDebtModerate1.6%3₹105
Baroda BNP Paribas Business Cycle FundEquityVery HighN.A3₹1,015
Baroda Large Cap Direct FundEquityVery High7.0%2₹50
View All

Key information about Baroda Asset Management India Ltd.

Mutual fund nameBaroda Mutual Fund
Asset management company nameBaroda Asset Management India Ltd.
AMC Setup Date24 November 1994
AMC Incorporation Date5 November 1992
Sponsor nameBank of Baroda
Trustee organisationBaroda Pioneer Trustee Company Private Ltd.
Name of trusteesMr. Y. B. Desai (Independent Director)Mr. Deepak Narang (Independent Director)Mr. Punit Saxena (Independent Director)Mr. Joydeep Dutta Roy (Associate Director)
COOMr. Kiran Deshpande
MD and CEOMr. Anthony Heredia
CIOMr. Sanjay Chawla
Compliance OfficerMs. Farhana Mansoor
Investor Service OfficerMr. Amitabh Ambastha

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How can you invest in ?

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 BNP Paribas Multi Cap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.68% & 11.45%. The Baroda BNP Paribas Multi Cap Fund comes under the Equity category of Baroda Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Baroda BNP Paribas Multi Cap Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹1,754Cr
1Y Returns12.0%

Baroda BNP Paribas Balanced Advantage Fund Direct Growth

Fund Performance: The Baroda BNP Paribas Balanced Advantage Fund comes under the Hybrid category of Baroda Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Baroda BNP Paribas Balanced Advantage Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹3,164Cr
1Y Returns4.6%

Baroda BNP Paribas Credit Risk Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.14% & 7.71%. The Baroda BNP Paribas Credit Risk Fund comes under the Debt category of Baroda Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Baroda BNP Paribas Credit Risk Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹205Cr
1Y Returns13.1%

Baroda BNP Paribas Large & Mid Cap Fund Direct Growth

Fund Performance: The Baroda BNP Paribas Large & Mid Cap Fund comes under the Equity category of Baroda Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Baroda BNP Paribas Large & Mid Cap Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹622Cr
1Y Returns11.7%

Baroda Midcap Direct Fund Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 23.56% & 16.94%. 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₹92Cr
1Y Returns27.5%

Baroda Conservative Hybrid Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.98% & 8.77%. 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₹29Cr
1Y Returns4.2%

Baroda BNP Paribas Liquid Direct Fund Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.3% & 5.49%. The Baroda BNP Paribas Liquid Direct Fund comes under the Debt category of Baroda Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Baroda BNP Paribas Liquid Direct Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹6,968Cr
1Y Returns3.6%

Baroda BNP Paribas Overnight Fund Direct Growth

Fund Performance: The Baroda BNP Paribas Overnight Fund comes under the Debt category of Baroda Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Baroda BNP Paribas Overnight Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹410Cr
1Y Returns3.4%

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 17.55% & 12.53%. 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₹201Cr
1Y Returns18.5%

Baroda Hybrid Equity Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 15.04% & 12.27%. 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₹374Cr
1Y Returns15.6%

Baroda BNP Paribas Short Duration Direct Fund Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.31% & 6.88%. The Baroda BNP Paribas Short Duration Direct Fund comes under the Debt category of Baroda Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Baroda BNP Paribas Short Duration Direct Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹402Cr
1Y Returns2.5%

Baroda BNP Paribas Ultra Short Duration Fund Direct Growth

Fund Performance: The Baroda BNP Paribas Ultra Short Duration Fund comes under the Debt category of Baroda Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Baroda BNP Paribas Ultra Short Duration Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹302Cr
1Y Returns3.6%

Baroda BNP Paribas Banking & PSU Bond Fund Direct Growth

Fund Performance: The Baroda BNP Paribas Banking & PSU Bond Fund comes under the Debt category of Baroda Mutual Funds.

Minimum Investment Amount:

Min Investment Amt₹5,000
AUM₹105Cr
1Y Returns1.6%

Baroda BNP Paribas Business Cycle Fund Direct Growth

Fund Performance: The Baroda BNP Paribas Business Cycle Fund comes under the Equity category of Baroda Mutual Funds.

Minimum Investment Amount:

Min Investment Amt₹5,000
AUM₹1,015Cr
1Y ReturnsNA

Baroda Large Cap Direct Fund Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.64% & 11.35%. 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₹50Cr
1Y Returns7.0%

FAQs on Baroda Mutual Funds

How to Start Baroda Mutual Funds SIP Online?

One can start investing in Baroda Mutual Funds online through Groww without any hassles. Alternatively, they can also invest through the respective fund houses’ website. One can also make use of any other online platform or mobile application to invest in Baroda Mutual Fundss.

How to Calculate Baroda Mutual Funds SIP?

To calculate Baroda Mutual Funds SIP, one needs to take into account certain things such as:

  1. the investment amount
  2. the tenure of SIP
  3. the number of your Baroda Mutual Funds SIPs (if there's any) already paid
  4. expected interest rate

How to redeem Baroda Mutual Funds?

To redeem Baroda Mutual Fundss through offline mode, one can visit the nearest fund house and submit a form. Alternatively, an investor can also visit the official website and redeem the investment by signing in with the folio number. They can also withdraw their Baroda Mutual Funds investments from any online portal where they have invested.

How to increase SIP amount in axis mutual fund?

An Baroda Mutual Funds sip amount can be increased with the help of Step-up or top-up SIPs. Earlier, this facility was provided by very few fund houses. Now, however, most of them offer it but it is advisable to check with the fund house first. If the facility is available, it is advisable to check with Step-up Calculator to calculate the SIP Amount and then take any decision.

How to stop a SIP in an Baroda Mutual Funds online?

Yes, you can stop your SIP online at any time by just placing a Cancel SIP request. To stop or cancel your SIP, you can either log in to the Baroda Mutual Fundss website with a folio number or contact your agent or check the steps on the online investment platform where you have invested.

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