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 NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Baroda Pioneer Conservative Hybrid FundHybridModerate13.0%5star26
Baroda Overnight FundDebtLow3.7%4star218
Baroda Pioneer Short Term Bond FundDebtModerately Low8.4%3star580
Baroda Pioneer Liquid FundDebtLow4.4%3star3,043
Baroda Pioneer Banking and Financial Services FundEquityHigh-4.1%3star43
Baroda Pioneer Mid cap FundEquityHigh29.3%3star51
Baroda Pioneed Credit Risk FundDebtModerate2.5%3star239
Baroda Ultra Short Duration FundDebtModerately Low5.5%3star268
Baroda Equity Savings FundHybridModerately High11.1%3star388
Baroda Pioneer Gilt FundDebtModerate10.3%2star30
Baroda Pioneer Large Cap FundEquityModerately High8.4%2star34
Baroda Pioneer Growth FundEquityModerately High13.2%2star827
Baroda Pioneer Hybrid Equity FundHybridModerately High11.1%2star410
Baroda Pioneer Dynamic Bond FundDebtModerate7.7%1star21
Baroda Pioneer Equity Linked Saving Scheme 96EquityModerately High12.7%1star168
View All Top Performing Baroda Mutual Fund

Key information

Mutual fundBaroda Mutual Fund
Asset management companyBaroda Asset Management India Ltd.
Set up24 November 1994
Incorporated5 November 1992
SponsorsBank of Baroda
TrusteeBaroda 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
Investor Service OfficerMr. Amitabh Ambastha
Compliance OfficerMs. Farhana Mansoor

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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: This fund has consistently performed above the benchmark in Conservative segment. It has given a commendable 9.71% annual returns in the last three years. In the previous year, it delivered 12.98% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹5,000
AUM26Cr
1Y Returns13.0%

Baroda Overnight Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Overnight segment. In the previous year, it delivered 3.74% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM218Cr
1Y Returns3.7%

Baroda Short Term Bond Direct Fund Growth

Fund Performance: This fund has consistently performed above the benchmark in Short Duration segment. It has given a commendable 8.57% annual returns in the last three years. In the previous year, it delivered 8.38% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM580Cr
1Y Returns8.4%

Baroda Liquid Direct Fund Growth

Fund Performance: This fund has consistently performed above the benchmark in Liquid segment. It has given a commendable 6.28% annual returns in the last three years. In the previous year, it delivered 4.44% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM3,043Cr
1Y Returns4.4%

Baroda Banking and Financial Services Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Sectoral/Thematic segment. It has given a commendable 5.78% annual returns in the last three years. In the previous year, it delivered -4.11% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹5,000
AUM43Cr
1Y Returns-4.1%

Baroda Midcap Direct Fund Growth

Fund Performance: This fund has consistently performed above the benchmark in Mid Cap segment. It has given a commendable 4.66% annual returns in the last three years. In the previous year, it delivered 29.32% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹5,000
AUM51Cr
1Y Returns29.3%

Baroda Credit Risk Fund Plan B Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Credit Risk segment. It has given a commendable 4.19% annual returns in the last three years. In the previous year, it delivered 2.55% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM239Cr
1Y Returns2.5%

Baroda Ultra Short Duration Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Ultra Short Term segment. In the previous year, it delivered 5.53% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM268Cr
1Y Returns5.5%

Baroda Equity Savings Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Equity Savings segment. In the previous year, it delivered 11.13% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹5,000
AUM388Cr
1Y Returns11.1%

Baroda Gilt Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Gilt segment. It has given a commendable 8.72% annual returns in the last three years. In the previous year, it delivered 10.29% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM30Cr
1Y Returns10.3%

Baroda Large Cap Direct Fund Growth

Fund Performance: This fund has consistently performed above the benchmark in Large Cap segment. It has given a commendable 6.56% annual returns in the last three years. In the previous year, it delivered 8.37% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹5,000
AUM34Cr
1Y Returns8.4%

Baroda Multi Cap Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Multi Cap segment. It has given a commendable 4.27% annual returns in the last three years. In the previous year, it delivered 13.18% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹5,000
AUM827Cr
1Y Returns13.2%

Baroda Hybrid Equity Fund Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Aggressive segment. It has given a commendable 3.76% annual returns in the last three years. In the previous year, it delivered 11.12% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹5,000
AUM410Cr
1Y Returns11.1%

Baroda Dynamic Bond Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Dynamic segment. It has given a commendable 3.71% annual returns in the last three years. In the previous year, it delivered 7.73% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM21Cr
1Y Returns7.7%

Baroda Equity Linked Saving Scheme 96 Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in ELSS segment. It has given a commendable 2.01% annual returns in the last three years. In the previous year, it delivered 12.66% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹500
AUM168Cr
1Y Returns12.7%

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