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FACTSHEET January 2020 Small in Size, High on Potential!

FACTSHEET January 2020 Small in Size, High on Potential!

FACTSHEET January 2020 Small in size, High on potential!

Take a small step towards SIP today for achieving your financial goals

*The logo belongs to Bank of Baroda and is used under license.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The Bank of Baroda logo belongs to Bank of Baroda CIO LETTER - January 2020 and is used under license

Mr. Sanjay Chawla Chief Investment Officer

Dear Investors, Warm Greetings! The BSE Sensex declined by 1.3% during the month of January, halting monthly gains witnessed since Sept 2019. Globally too, most markets declined by 1% to 7%. Midcap and Small cap indices outperformed with gains of 3% and 7% respectively. Amongst sectors, Consumers, Healthcare, IT and Realty outperformed while Metals, Oil & Gas and Banks underperformed. At the start of the month, the market saw a large sell off after the US military killed Iran’s top military commander in a surprise air strike. However, it bounced back after the US and Iran quickly moved away from a larger military conflict. Also, the US and China signed the Phase 1 agreement which was keenly awaited. Domestically the GDP growth numbers were revised down by IMF. A key negative has been concerns on spread of coronavirus which impacted markets globally. On the economy front the IIP grew by 1.8%YoY led by favorable base effect. From the use-based classification side, capital goods, consumer durables, infrastructure and construction goods, and primary goods remained in negative. Consumer non-durables growth moved into positive read at 2% while intermediate goods growth remained strong at 17.1%. In a very surprising data release, retail inflation for the month of Dec ’19 came in at 7.35%. This is also the highest retail inflation number since Aug 2014. With this print, average inflation for the first three quarters of FY20 stands at 4.13%. Food items continued driving inflation higher. Both food indices viz. Consumer Food Price Index (CFPI) and food and beverages inflation (F&B) touched highest levels since end of 2013. CFPI touched 14.1% (highest level since Nov ’13) and F&B inflation touched 12.2% (highest level since Dec ’13). Along with dearer vegetables and pulses, several other food items such as meat and fish, eggs, and spices also recorded worryingly high inflation. The Budget was announced on 1st Feb. Budget assumes Nominal GDP growth to be at 10% and Fiscal deficit to be contained at 3.5%. The focus was largely on rural with increased outlay for PMKISAN program. Overall capex is expected to increase by 8% led by spend on Roads, Railways and PMGSY (Rural Roads). A key positive for equity market has been removal of Dividend distribution tax which was a key demand of foreign investors. On the personal taxation front, the FM has now given the option to migrate to new tax slabs if assesses let go a host of exemptions. Overall markets were disappointed by budget proposals. With budget now announced, the focus will shift to earnings growth and recovery. The result season so far has been mixed with NIFTY earnings lagging street expectations. FPIs have invested USD1.9 bn while DIIs bought USD311mn worth of equities during January. We remain constructive on Indian equities on medium to long term horizon. Happy Investing! Sources : Bloomberg Mutual Fund investments are subject market risks, read all scheme related documents carefully.

2 The Bank of Baroda logo belongs to Bank of Baroda and is used under license

INDEX

How To Read Factsheet Pg 4 Baroda Multi Cap Fund Pg 5 Baroda ELSS’ 96 Pg 6 Baroda Mid Cap Fund Pg 7 Baroda Large Cap Fund Pg 8 Baroda Banking and Financial Services Fund Pg 9 Baroda Hybrid Equity Fund Pg 10 Baroda Dynamic Equity Fund Pg 11 Baroda Equity Savings Fund Pg 12 Baroda Conservative Hybrid Fund Pg 13 Baroda Credit Risk Fund Pg 14 Baroda Gilt Fund Pg 15 Baroda Dynamic Bond Fund Pg 16 Baroda Short Term Bond Fund Pg 17 Baroda Treasury Advantage Fund Pg 18 Baroda Ultra Short Duration Fund Pg 19 Baroda Liquid Fund Pg 20 Baroda Overnight Fund Pg 21 Baroda Money Market Fund Pg 22 Investment Performance Pg 23 SIP Returns Pg 26 Dividend History Pg 27

3 How To Read Factsheet?

The Bank of Baroda logo belongs to Bank of Baroda and is used under license

Fund Manager : An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts. Application Amount for Fresh Subscription : This is the minimum investment amount for a new investor in a mutual fund scheme. Minimum Additional Amount : This is the minimum investment amount for an existing investor in a mutual fund scheme. Yield to Maturity : The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity. SIP : SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a period of three years. NAV : The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund. Benchmark : A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec. Entry Load : A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs. 101. Note : SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor. Exit Load : Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is Rs 100 and the exit load is 1%, the redemption price would be Rs 99 Per Unit. Modified Duration : Modified duration is the price sensitivity and the percentage change in price for a unit change in yield Standard Deviation : Standard deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. Sharpe Ratio : The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. Beta : Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market. AUM : AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm. Holdings : The holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager. Nature of Scheme : The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories. Rating Profile : Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds. Macaulay Duration: Is the weighted average term to maturity of the cash flows from an instrument. The weight of each cash flow is determined by dividing the present value of the cash flow by the price. Macaulay duration is a measure of interest rate sensitivity of a Fixed income instrument. Higher the Macaulay duration, higher would be the interest rate risk. Investors may refer to Scheme Information Document of the fund for further details.

4 Baroda Multi Cap Fund Multi Cap Fund - An open ended equity scheme investing across large The Bank of Baroda logo belongs to Bank of Baroda cap, mid-cap and small cap stocks. 31 January, 2020 and is used under license

Investment Objective To generate long term capital appreciation from an actively managed portfolio of equity & equity related instruments.

Date of Inception Portfolio Portfolio Ratings / % to Net Ratings / % to Net September 12, 2003 Name of Instruments Name of Instruments Industries Assets Industries Assets EQUITY & EQUITY RELATED Benchmark Ltd. Telecom - Services 1.30% Listed / awaiting listing on the stock exchanges Consumer Non Ltd. 1.30% S&P BSE 500^ HDFC Bank Ltd. Banks 8.00% Durables (Effective October 29, 2019) Housing Development ICICI Prudential Life Finance 7.43% Finance 1.26% Total Return variant of the Benchmark Index Finance Corporation Ltd. Insurance Company Ltd. (TRI) Consumer Non ICICI Bank Ltd. Banks 7.12% Ltd. 1.17% Durables Ltd. Software 5.26% Castrol Ltd. Petroleum Products 1.16% Ltd. Petroleum Products 4.00% Minimum Investment Consumer Non State Banks 3.04% Jubilant Foodworks Ltd. 1.16% ` 5,000/- & in multiples of ` 1/- thereafter Durables Astral Poly Technik Ltd. Industrial Products 3.01% Petroleum Products 1.15% Ltd. Finance 2.96% Corporation Ltd. Load Structure Cholamandalam Investment Larsen & Toubro Ltd. Construction Project 2.61% Finance 1.11% & Finance Co. Ltd. Entry Load: NA Ltd. Chemicals 2.61% Ultratech Cement Ltd. Cement 1.09% Exit Load: 1%, if redeemed on or before 365 Ltd. Banks 2.56% Consumer Non days from the date of allotment of units, Nil Kansai Nerolac Paints Ltd. 1.08% Ltd. Gas 2.50% Durables if redeemed after 365 days from the date of allotment of units Ltd. Software 2.45% WABCO India Ltd. Auto Ancillaries 1.03% HCL Technologies Ltd. Software 2.40% India Ltd. Auto 1.02% Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.96% Plans & Option The Ltd. Cement 2.31% Consumer Non Nestle India Ltd. 2.27% Jindal Steel & Power Ltd. Ferrous Metals 0.87% Plan A and Plan B (Direct) Durables The Ltd. Banks 0.56% A. Growth Option (default option in case no Ltd. Banks 2.25% Sterling & Wilson Solar Ltd. Construction Project 0.31% option specified by investor); Aditya Birla Fashion Retailing 2.14% B. Dividend Option and Retail Ltd. Aarti Surfactants Ltd. Chemicals 0.06% 1. Payout Divi's Laboratories Ltd. Pharmaceuticals 2.04% Total 95.85% 2. Re-investment (default sub-option in case Security and Intelligence Commercial Services 1.86% Margin Fixed Deposits no option specified by investor) Services (I) Ltd. $ C. Bonus Option Multi Commodity HDFC Bank Ltd. Unrated 0.28% Finance 1.61% Exchange of India Ltd. Total 0.28% SIP (Minimum) Ltd. Healthcare Services 1.53% TREPS / Reverse Repo Investments 3.08% Aarti Industries Ltd. Chemicals 1.52% ` 500/month - 12 Installments Total 3.08% Escorts Ltd. Auto 1.48% ` 1500/quarter - 4 Installments Cash & Cash Equivalents Ltd. Consumer Durables 1.46% Net Receivable/Payable 0.79% Industrial Capital Ltd. 1.45% AAUM & AUM Goods Total 0.79% Grand Total 100.00% AAUM ` 815.30 Crs Ltd. Pharmaceuticals 1.39%

AUM ` 811.15 Crs Top 10 Industries

BANK Risk Profile 31 January 2020 Standard deviation 12.41% Sharpe@ 0.21 Banks Finance Software Consumer Pharmaceuticals Chemicals Cement Industrial Construction 23.53% 14.37% 10.11% Non Petroleum 4.39% 4.19% 3.40% Products Project Beta 0.96 Durables Products 3.01% 2.92% Portfolio Turnover 6.98% 6.31% 1.07 (last 12 months) @risk free rate (FBIL Overnight MIBOR) 5.05% Riskometer NAV as on 31 January 2020 Plan A ` Growth 101.75 Total Expense Ratio Dividend 32.19 Plan A 2.63% Plan B - Direct ` Plan B (Direct) 1.78% Growth 108.39 Dividend 32.54 Fund Managers#

This product is suitable for investors who are seeking* Mr. Sanjay Chawla& • Capital appreciation over long term. (Experience 29 Years) • Investment predominantly in equity and equity related instruments. Mr. Dipak Acharya * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. (Experience 15 Years) $ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25 & Mr. Chawla is managing the Scheme along ^ For Disclaimer please refer page no 25 with Mr. Acharya effective November 1, 2015

5 Baroda ELSS’ 96 An open ended equity linked saving scheme with a statutory lock in of 3 years The Bank of Baroda logo belongs to Bank of Baroda and tax benefit. 31 January, 2020 and is used under license

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.

Date of Inception Portfolio Portfolio Ratings / % to Net Ratings / % to Net March 31, 1996 Name of Instruments Name of Instruments Industries Assets Industries Assets EQUITY & EQUITY RELATED Industrial Capital Thermax Ltd. 1.78% Benchmark Listed / awaiting listing on the stock exchanges Goods ICICI Bank Ltd. Banks 7.04% City Union Bank Ltd. Banks 1.62% S&P BSE 200^ Housing Development Total Return variant of the Benchmark Index Finance 5.74% Titan Company Ltd. Consumer Durables 1.41% Finance Corporation Ltd. (TRI) Aditya Birla Fashion and Retailing 1.39% Infosys Ltd. Software 5.31% Retail Ltd. Hindustan Petroleum Minimum Investment Ltd. Banks 5.03% Petroleum Products 1.38% Corporation Ltd. HDFC Bank Ltd. Banks 4.74% ` 500/- & in multiples of ` 1/- thereafter Ultratech Cement Ltd. Cement 1.31% Larsen & Toubro Ltd. Construction Project 3.05% Jindal Steel & Power Ltd. Ferrous Metals 1.31% Pidilite Industries Ltd. Chemicals 2.70% Load Structure Bharti Airtel Ltd. Telecom - Services 1.27% Ltd. Finance 2.67% Gujarat Fluorochemicals Ltd. Chemicals 1.24% Entry Load: NA Banks 2.65% Consumer Non Exit Load: Nil Jubilant Foodworks Ltd. 1.24% Bajaj Finance Ltd. Finance 2.60% Durables Consumer Non Ltd. Petroleum Products 1.21% United Spirits Ltd. 2.58% Plans & Option Durables Industrial Capital BEML Ltd. 1.16% Goods Plan A and Plan B (Direct) Reliance Industries Ltd. Petroleum Products 2.52% Divi's Laboratories Ltd. Pharmaceuticals 1.16% A. Growth Option (default option in case no HCL Technologies Ltd. Software 2.46% option specified by investor); Maruti Suzuki India Ltd. Auto 1.03% Ltd. Gas 2.44% B. Dividend Option Consumer Non Ltd. 0.88% 1. Payout Escorts Ltd. Auto 2.39% Durables C. Bonus Option$ Tech Mahindra Ltd. Software 2.37% Simplex Infrastructures Ltd. Construction 0.68% Fortis Healthcare Ltd. Healthcare Services 2.28% GFL Ltd. Chemicals 0.26% Security and Intelligence Axis Bank Ltd. Banks 2.17% Commercial Services 0.08% SIP (Minimum) Services (I) Ltd. The Ramco Cements Ltd. Cement 2.09% Total 92.90% ` 500/month - 12 Installments SBI Life Insurance Finance 2.07% TREPS / Reverse Repo Investments 5.71% ` 1500/quarter - 4 Installments Company Ltd. Cholamandalam Investment Total 5.71% Finance 1.95% & Finance Co. Ltd. Cash & Cash Equivalents AAUM & AUM DCB Bank Ltd. Banks 1.93% Net Receivable/Payable 1.39% Consumer Non AAUM ` 167.60 Crs Marico Ltd. 1.88% Durables Total 1.39% AUM ` 168.05 Crs Blue Star Ltd. Consumer Durables 1.83% Grand Total 100.00%

Top 10 Industries Risk Profile 31 January 2020 BANK Standard deviation 14.39% Sharpe@ 0.05 Finance Consumer Construction Beta 0.97 Banks Software Petroleum Chemicals Auto Cement Consumer 25.18% 15.03% 10.14% Non 4.20% 3.40% Durables Project Portfolio Turnover Products 3.42% 1.66 Durables 3.24% 3.05% (last 12 months) 5.11% 6.58% @risk free rate (FBIL Overnight MIBOR) 5.05% Riskometer NAV as on 31 January 2020 Total Expense Ratio Plan A ` Plan A 2.62% Growth 45.36 Plan B (Direct) 1.93% Bonus 45.36 Dividend 27.83 Plan B - Direct ` Fund Managers# Growth 49.00 Bonus 49.00 Mr. Sanjay Chawla& (Experience 29 Years) This product is suitable for investors who are seeking* Dividend 34.07 • Capital growth over long term. Mr. Dipak Acharya • Investment predominantly in equity and equity related instruments. (Experience 15 Years) * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. & Mr. Chawla is managing the Scheme along $ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 with Mr. Acharya effective November 1, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25 ^ For Disclaimer please refer page no 25

6 Baroda Mid-Cap Fund Mid Cap Fund – An open-ended equity scheme pre-dominantly The Bank of Baroda logo belongs to Bank of Baroda investing in mid cap stocks. 31 January, 2020 and is used under license

Investment Objective The primary objective of the Scheme is to generate capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of growth oriented mid cap stocks. However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.

Date of Inception Portfolio Portfolio Ratings / % to Net Ratings / % to Net October 4, 2010 Name of Instruments Name of Instruments Industries Assets Industries Assets EQUITY & EQUITY RELATED Supreme Industries Ltd. Industrial Products 2.15% Benchmark Listed / awaiting listing on the stock exchanges Blue Star Ltd. Consumer Durables 2.04% Astral Poly Technik Ltd. Industrial Products 7.27% S&P BSE Mid-cap index^ Jindal Steel & Power Ltd. Ferrous Metals 1.63% City Union Bank Ltd. Banks 5.23% Total Return variant of the Benchmark Index Consumer Non Gujarat State Petronet Ltd. Gas 1.56% (TRI) Tata Global Beverages Ltd. 3.94% Durables Aarti Industries Ltd. Chemicals 1.52% Aditya Birla Fashion and Retailing 3.84% Honeywell Automation Industrial Capital Retail Ltd. 1.51% Minimum Investment India Ltd. Goods Bata India Ltd. Consumer Durables 3.71% ` 5,000/- & in multiples of ` 1/- thereafter Industrial Capital Consumer Non BEML Ltd. 1.51% Ltd. 3.55% Goods Durables Can Fin Homes Ltd. Finance 1.49% Solar Industries India Ltd. Chemicals 3.39% Load Structure Grindwell Norton Ltd. Industrial Products 1.31% Cholamandalam Investment Finance 3.37% Entry Load: NA & Finance Co. Ltd. Pharmaceuticals 1.30% Ltd. Exit Load: 1.00%, if redeemed on or before Ltd. Power 3.19% Ltd. Pharmaceuticals 1.23% 365 days from the date of allotment of units, Fortis Healthcare Ltd. Healthcare Services 3.16% Consumer Non Nil, if redeemed after 365 days from the date Tube Investments of Emami Ltd. 1.21% Auto Ancillaries 3.16% Durables of allotment of units. India Ltd. PI Industries Ltd. Pesticides 1.12% Ltd. Finance 3.14% Plans & Option Industrial Capital AU Small Finance Bank Ltd. Banks 1.09% Thermax Ltd. 3.08% Goods Plan A and Plan B (Direct) RBL Bank Ltd. Banks 1.05% DCB Bank Ltd. Banks 2.86% Consumer Non A. Growth Option (default option in case no Kansai Nerolac Paints Ltd. 1.03% Industrial Capital Durables option specified by investor); Bharat Electronics Ltd. 2.80% B. Dividend Option Goods Aarti Surfactants Ltd. Chemicals 0.10% 1. Payout; Ltd. Retailing 2.61% Total 95.69% 2. Reinvestment (default sub-option in case Multi Commodity Exchange Finance 2.56% no option specified by investor) of India Ltd. TREPS / Reverse Repo Investments 4.77% C. Bonus Option$ Escorts Ltd. Auto 2.48% Total 4.77% Mahanagar Gas Ltd. Gas 2.41% Cash & Cash Equivalents SIP (Minimum) The Ramco Cements Ltd. Cement 2.41% Net Receivable/Payable -0.46% ` 500/month - 12 Installments Indraprastha Gas Ltd. Gas 2.35% Total -0.46% ` 1500/quarter - 4 Installments Consumer Non Jubilant Foodworks Ltd. 2.33% Durables Grand Total 100.00% AAUM & AUM Top 10 Industries AAUM ` 47.77 Crs AUM ` 48.64 Crs BANK

Industrial Risk Profile 31 January 2020 Consumer Industrial Consumer Products Finance Banks Retailing Gas Chemicals Power Standard deviation 13.25% Non Capital Goods Durables 10.73% 10.56% 10.23% 6.45% 6.32% 5.01% 3.19% Durables 8.90% 5.75% Sharpe@ 0.13 12.06% Beta 0.79 Portfolio Turnover Riskometer NAV as on 31 January 2020 1.68 (last 12 months) Plan A ` @risk free rate (FBIL Overnight MIBOR) 5.05% Growth 9.34 Dividend 9.34 Total Expense Ratio Plan B - Direct ` Plan A 2.63% Growth 9.90 Plan B (Direct) 1.84% Dividend 9.90

Fund Managers# This product is suitable for investors who are seeking* • Capital appreciation over long term. Mr. Sanjay Chawla • Investment predominantly in equity and equity related securities of growth oriented Mid-Cap stocks. (Experience 29 Years) * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Mr. Dipak Acharya $ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 (Experience 15 Years) # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25 ^ For Disclaimer please refer page no 25

7 Baroda Large Cap Fund Large Cap Fund – An open-ended equity scheme pre-dominantly The Bank of Baroda logo belongs to Bank of Baroda investing in large cap stocks. 31 January, 2020 and is used under license

Investment Objective The primary objective of the Scheme is to generate capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of large cap companies. The Scheme may also invest in debt and money market securities. However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.

Date of Inception Portfolio Portfolio Ratings / % to Net Ratings / % to Net Name of Instruments Name of Instruments June 22, 2010 Industries Assets Industries Assets EQUITY & EQUITY RELATED Industrial Capital Bharat Electronics Ltd. 1.65% Benchmark Listed / awaiting listing on the stock exchanges Goods HDFC Bank Ltd. Banks 7.64% Jindal Steel & Power Ltd. Ferrous Metals 1.60% Nifty 100^ Housing Development Lupin Ltd. Pharmaceuticals 1.53% Total Return variant of the Benchmark Index Finance 7.34% (TRI) Finance Corporation Ltd. Consumer Non United Spirits Ltd. 1.51% ICICI Bank Ltd. Banks 7.19% Durables Minimum Investment Reliance Industries Ltd. Petroleum Products 6.44% Titan Company Ltd. Consumer Durables 1.44% Hindustan Petroleum Petroleum Products 1.41% ` 5,000/- & in multiples of ` 1/- thereafter Infosys Ltd. Software 5.31% Corporation Ltd. Tata Consultancy State Bank of India Banks 4.36% Software 1.26% Services Ltd. Load Structure Ultratech Cement Ltd. Cement 4.03% Dr. Reddy's Laboratories Ltd. Pharmaceuticals 1.18% ICICI Prudential Life Entry Load: NA Bajaj Finance Ltd. Finance 3.32% Finance 1.17% Insurance Company Ltd. Exit Load: 1.00%, if redeemed on or before Bharti Airtel Ltd. Telecom - Services 3.02% SBI Life Insurance Finance 1.06% 365 days from the date of allotment of units, Company Ltd. Larsen & Toubro Ltd. Construction Project 3.02% Nil, if redeemed after 365 days from the date Maruti Suzuki India Ltd. Auto 1.05% of allotment of units. Industrial Capital Ltd. 2.96% Consumer Non Goods Marico Ltd. 0.96% Durables HCL Technologies Ltd. Software 2.88% ABB Power Products & Industrial Capital Plans & Option 0.36% Pidilite Industries Ltd. Chemicals 2.76% Systems India Ltd. Goods Plan A and Plan B (Direct) Total 94.61% A. Growth Option (default option in case no Tech Mahindra Ltd. Software 2.66% Margin Fixed Deposits option specified by investor); Kotak Mahindra Bank Ltd. Banks 2.57% B. Dividend Option HDFC Bank Ltd. Unrated 0.33% Consumer Non 1. Payout; Ltd. 2.46% 2. Reinvestment (default sub-option in case Durables Total 0.33% no option specified by investor) Axis Bank Ltd. Banks 2.44% TREPS / Reverse Repo Investments 6.90% $ C. Bonus Option Consumer Non Nestle India Ltd. 2.33% Total 6.90% Durables Industrial Capital Cash & Cash Equivalents ABB India Ltd. 2.19% SIP (Minimum) Goods Net Receivable/Payable -1.84% ` 500/month - 12 Installments Escorts Ltd. Auto 1.83% Total -1.84% ` 1500/quarter - 4 Installments Adani Ports and Special Transportation 1.68% Economic Zone Ltd. Grand Total 100.00%

AAUM & AUM Top 10 Industries AAUM ` 33.20 Crs

AUM ` 32.88 Crs BANK

Consumer Risk Profile 31 January 2020 Banks Finance Software Industrial Telecom Construction Auto Petroleum Non Cement 24.20% 12.89% 12.11% Capital Goods Services Project 2.88% Standard deviation 12.49% Products Durables 4.03% 7.16% 3.02% 3.02% Sharpe@ 0.22 7.85% 7.26% Beta 0.72 Portfolio Turnover Riskometer NAV as on 31 January 2020 1.40 (last 12 months) Plan A ` @risk free rate (FBIL Overnight MIBOR) 5.05% Growth 15.32 Dividend 12.19 Plan B - Direct ` Total Expense Ratio Growth 16.09 Plan A 2.64% Dividend 12.91 Plan B (Direct) 1.95%

This product is suitable for investors who are seeking* # Fund Managers • Capital appreciation over long term. • Investment predominantly in a diversified portfolio of equity and Mr. Sanjay Chawla equity related securities of Large Cap companies. (Experience 29 Years) * Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

$ Mr. Dipak Acharya The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25 (Experience 15 Years) ^ For Disclaimer please refer page no 25

8 Baroda Banking and Financial Services Fund An open ended equity scheme investing in the Banking and Financial Services sector. The Bank of Baroda logo belongs to Bank of Baroda 31 January, 2020 and is used under license

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.

Date of Inception Portfolio Portfolio Ratings / % to Net Ratings / % to Net June 22, 2012 Name of Instruments Name of Instruments Industries Assets Industries Assets EQUITY & EQUITY RELATED ICICI Lombard General Finance 1.09% Benchmark Listed / awaiting listing on the stock exchanges Insurance Company Ltd. ICICI Bank Ltd. Banks 20.73% RBL Bank Ltd. Banks 1.06% Nifty Bank Index^ Multi Commodity HDFC Bank Ltd. Banks 20.36% Finance 1.03% Total Return variant of the Benchmark Index Exchange of India Ltd. (TRI) SBI Life Insurance Kotak Mahindra Bank Ltd. Banks 10.53% Finance 1.03% Company Ltd. State Bank of India Banks 8.59% Motilal Oswal Financial Minimum Investment Finance 0.99% Services Ltd. Axis Bank Ltd. Banks 7.57% ` 5,000/- & in multiples of ` 1/- thereafter Total 93.98% Bajaj Finance Ltd. Finance 5.44% Margin Fixed Deposits Housing Development Finance 4.51% Load Structure Finance Corporation Ltd. HDFC Bank Ltd. Unrated 0.31% Total 0.31% Entry Load: NA City Union Bank Ltd. Banks 3.36% Cholamandalam Investment Exit Load: 1.00% if redeemed on or before Finance 2.04% TREPS / Reverse Repo Investments 9.20% & Finance Co. Ltd. 365 days from the date of allotment of units, Total 9.20% Nil if redeemed after 365 days from the date Muthoot Finance Ltd. Finance 1.90% Cash & Cash Equivalents of allotment of units DCB Bank Ltd. Banks 1.48% Net Receivable/Payable -3.49% ICICI Prudential Life Finance 1.17% Plans & Option Insurance Company Ltd. Total -3.49% Plan A and Plan B (Direct) AU Small Finance Bank Ltd. Banks 1.10% Grand Total 100.00% A. Growth Option (default option in case no option specified by investor); Top Industries B. Dividend Option 1. Payout;

2. Reinvestment (default sub-option in case BANK no option specified by investor) C. Bonus Option$

Banks Finance Unrated Cash & Equivalent SIP (Minimum) 74.78% 19.20% 0.31% 5.71%` ` 500/month - 12 Installments ` 1500/quarter - 4 Installments Riskometer NAV as on 31 January 2020 AAUM & AUM Plan A ` AAUM ` 48.51 Crs Growth 25.63 AUM ` 48.18 Crs Dividend 17.42 Plan B - Direct ` Growth 27.07 Risk Profile 31 January 2020 Dividend 18.68 Standard deviation 15.67% Sharpe@ 0.61

Beta 0.91 This product is suitable for investors who are seeking* Portfolio Turnover • Capital appreciation over long term. 0.73 (last 12 months) • Investment predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services @risk free rate (FBIL Overnight MIBOR) 5.05% Sector. * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Total Expense Ratio $ Plan A 2.67% The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25 Plan B (Direct) 1.94% ^ For Disclaimer please refer page no 25

Fund Manager#

Mr. Dipak Acharya (Experience 15 Years)

9 Baroda Hybrid Equity Fund An open ended hybrid scheme investing predominantly in equity and equity The Bank of Baroda logo belongs to Bank of Baroda related instruments. 31 January, 2020 and is used under license

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.

Date of Inception Portfolio Portfolio % to % to September 12, 2003 Ratings / Ratings / Name of Instruments Net Name of Instruments Net Industries Industries Assets Assets Benchmark EQUITY & EQUITY RELATED Jindal Steel & Power Ltd. Ferrous Metals 0.36% Listed / awaiting listing on the stock exchanges Total 75.66% HDFC Ltd. Finance 6.96% CRISIL Hybrid 35+65 – Aggressive Index CENTRAL GOVERNMENT SECURITIES HDFC Bank Ltd. Banks 6.95% (effective February 1, 2018) 8.24% CGL 2027 Sovereign 0.29% ICICI Bank Ltd. Banks 6.82% 7.59% CGL 2026 Sovereign 0.21% Infosys Ltd. Software 3.92% 7.88% CGL 2030 Sovereign 0.15% Minimum Investment State Bank of India Banks 3.28% 8.28% CGL 2027 Sovereign 0.02% City Union Bank Ltd. Banks 2.96% ` 5,000/- & in multiples of ` 1/- thereafter Total 0.67% HCL Technologies Ltd. Software 2.68% STATE GOVERNMENT SECURITIES Tech Mahindra Ltd. Software 2.46% 9.72% SDL 2023 Sovereign 1.13% Larsen & Toubro Ltd. Construction Project 2.40% Load Structure Total 1.13% Solar Industries India Ltd. Chemicals 2.35% BONDS & NCDs Entry Load: NA Pidilite Industries Ltd. Chemicals 2.34% Listed / awaiting listing on the stock exchanges Exit Load: 1% if redeemed on or before 12 Bajaj Finance Ltd. Finance 2.25% ICICI Bank Ltd. [ICRA]AA+ 4.41% months from the date of allotment of units, Indraprastha Gas Ltd. Gas 2.09% National Bank for Agriculture CRISIL AAA 3.33% Nil if redeemed after 12 months from the Axis Bank Ltd. Banks 1.95% and Rural Development date of allotment of units Security and Intelligence State Bank of India CRISIL AA+ 3.15% Commercial Services 1.73% Services (I) Ltd. Bank of Baroda CRISIL AA+ 2.90% Nestle India Ltd. Consumer Non Durables 1.58% Larsen & Toubro Ltd. CRISIL AAA 1.48% Plans & Option Reliance Industries Ltd. Petroleum Products 1.45% Ltd. [ICRA]BBB 0.89% Divi's Laboratories Ltd. Pharmaceuticals 1.41% Plan A and Plan B (Direct) Muthoot Finance Ltd. CRISIL AA 0.82% KEC International Ltd. Construction Project 1.39% Dewan Housing Finance CARE D 0.79% A. Growth Option (default option in case no Ultratech Cement Ltd. Cement 1.36% Corporation Ltd. option specified by investor); National Highways Authority Escorts Ltd. Auto 1.32% CRISIL AAA 0.59% B. Dividend Option of India Indian Railway Finance Atul Ltd. Chemicals 1.32% CRISIL AAA 0.55% 1. Payout; Corporation Ltd. Marico Ltd. Consumer Non Durables 1.30% 2. Reinvestment (default sub-option in case Total 18.91% Fortis Healthcare Ltd. Healthcare Services 1.26% no option specified by investor) Margin Fixed Deposits C. Bonus Option$ Bharti Airtel Ltd. Telecom - Services 1.24% HDFC Bank Ltd. Unrated 0.47% United Spirits Ltd. Consumer Non Durables 1.21% Total 0.47% The Ramco Cements Ltd. Cement 1.21% SIP (Minimum) TREPS / Reverse Repo Investments 0.91% Jubilant Foodworks Ltd. Consumer Non Durables 1.17% Total 0.91% ` 500/month - 12 Installments Bharat Electronics Ltd. Industrial Capital Goods 1.12% Cash & Cash Equivalents ` 1500/quarter - 4 Installments Titan Company Ltd. Consumer Durables 1.10% Net Receivable/Payable 2.25% Kansai Nerolac Paints Ltd. Consumer Non Durables 1.03% Total 2.25% Dr. Reddy's Laboratories Ltd. Pharmaceuticals 1.03% Grand Total 100.00% Cholamandalam Investment AAUM & AUM Finance 1.01% & Finance Co. Ltd. All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR. AAUM ` 501.69 Crs Maruti Suzuki India Ltd. Auto 1.00% **Thinly traded / Non traded securities and illiquid securities as AUM ` 484.82 Crs Alembic Pharmaceuticals Ltd. Pharmaceuticals 0.65% defined in SEBI Regulations and Guidelines. Top 10 Industries

Risk Profile 31 January 2020 BANK Standard deviation 9.53% Sharpe@ 0.15 Consumer [ICRA] Construction Pharmaceuticals Banks Finance Software CRISIL Chemicals CRISIL AAA Beta 1.09 Non AA+ Project 3.09% 21.96% 10.22% 9.06% AA+ 6.01% 5.95% Durables 4.41% 3.79% Portfolio Turnover 6.05% 1.26 6.29% (last 12 months) Riskometer @risk free rate (FBIL Overnight MIBOR) 5.05% NAV as on 31 January 2020 Plan A ` Growth 56.51 Total Expense Ratio Dividend 15.37 Plan A 2.51% Plan B - Direct ` Plan B (Direct) 1.85% Growth 61.20 Dividend 17.58 Fund Managers#

This product is suitable for investors who are seeking* • Capital appreciation along with stability over long term. Mr. Sanjay Chawla& • Investment predominantly in equity and equity related instru- (Experience 29 Years) ments with balance exposure to money market instruments and debt securities. * Investors should consult their financial advisers if in doubt Mr. Dipak Acharya about whether the product is suitable for them. (Experience 15 Years) $ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # & Mr. Chawla is managing the Scheme along For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25 with Mr. Acharya effective November 1, 2015

10 Baroda Dynamic Equity Fund An open ended dynamic asset allocation fund The Bank of Baroda logo belongs to Bank of Baroda 31 January, 2020 and is used under license

Investment Objective The primary objective of the Scheme is to generate capital appreciation by investing in a portfolio of equity or equity linked securities while the secondary objective is to generate income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation.

Date of Inception Portfolio Portfolio % to % to November 14, 2018 Ratings / Ratings / Name of Instruments Net Name of Instruments Net Industries Industries Benchmark Assets Assets EQUITY & EQUITY RELATED Aditya Birla Finance Ltd. [ICRA]AAA 0.55% Listed / awaiting listing on the stock exchanges Reliance Industries Ltd. Petroleum Products 4.54% NABARD CRISIL AAA 0.45% 50% S&P BSE 200 Index and 50% CRISIL Housing and Urban Develop Short Term Bond Fund Index HDFC Ltd. Finance 4.19% Corporation Ltd. [ICRA]AAA 0.45% ICICI Bank Ltd. Banks 4.00% Indian Railway Finance CRISIL AAA 0.44% Total Return variant of the Benchmark Index State Bank of India Banks 3.94% Corporation Ltd. Total 15.60% (TRI) HDFC Bank Ltd. Banks 3.46% CENTRAL GOVERNMENT SECURITIES Bharti Airtel Ltd. Telecom - Services 3.39% Infosys Ltd. Software 3.03% 6.68% CGL 2031 Sovereign 1.60% Minimum Investment Maruti Suzuki India Ltd. Auto 2.21% 7.17% CGL 2028 Sovereign 1.13% Indraprastha Gas Ltd. Gas 2.09% 7.26% CGL 2029 Sovereign 1.11% ` 5,000/- & in multiples of ` 1/- thereafter Bajaj Finance Ltd. Finance 2.09% Total 3.84% Kotak Mahindra Bank Ltd. Banks 2.02% MONEY MARKET INSTRUMENTS Nestle India Ltd. Consumer Non Durables 2.00% Commercial Paper** Load Structure Ultratech Cement Ltd. Cement 1.92% HDFC Ltd. CRISIL A1+ 1.73% Total 1.73% Entry Load: NA Pidilite Industries Ltd. Chemicals 1.81% Ltd. Cement 1.75% Certificate of Deposits** Tech Mahindra Ltd. Software 1.64% Small Industries Develop Bank Exit Load: If units are redeemed upto 10% of India CRISIL A1+ 4.29% of the units, on or before one year from the HCL Technologies Ltd. Software 1.54% Total 4.29% date of allotment : Nil Divi's Laboratories Ltd. Pharmaceuticals 1.48% Margin Fixed Deposits Asian Paints Ltd. Consumer Non Durables 1.36% HDFC Bank Ltd. Unrated 1.74% United Spirits Ltd. Consumer Non Durables 1.34% If units are redeemed over and above the Total 1.74% Adani Enterprises Ltd. Trading 1.20% 10% limit, on or before one year from the TREPS / Reverse Repo Investments 3.98% Larsen & Toubro Ltd. Construction Project 1.19% date of allotment : 1% of the applicable Net Total 3.98% Max Financial Services Ltd. Finance 1.16% Asset Value (NAV) Petronet LNG Ltd. Gas 1.13% Cash & Cash Equivalents Net Receivable/Payable 2.58% ICICI Prudential Life Insurance Finance 1.11% If units are redeemed after one year from the Company Ltd. Total 2.58% date of allotment: Nil ITC Ltd. Consumer Non Durables 1.07% Grand Total 100.00% Escorts Ltd. Auto 1.05% DERIVATIVES / Stock Futures Plans & Option Ltd. Ferrous Metals 0.91% Name of the Instrument Long / Short % to AUM Marico Ltd. Consumer Non Durables 0.86% Reliance Industries Ltd. 27-FEB-20 Short (2.10) Regular and Direct Fortis Healthcare Ltd. Healthcare Services 0.83% Bharti Airtel Ltd. 27-FEB-20 Short (2.10) Jubilant Foodworks Ltd. Consumer Non Durables 0.82% Grasim Industries Ltd. 27-FEB-20 Short (1.76) A. Growth Option (default option in case no Jindal Steel & Power Ltd. Ferrous Metals 0.76% option specified by investor); State Bank of India 27-FEB-20 Short (1.67) WABCO India Ltd. Auto Ancillaries 0.74% Maruti Suzuki India Ltd. 27-FEB-20 Short (1.46) B. Daily Dividend Tata Consultancy Services Ltd. Software 0.72% Adani Enterprises Ltd. 27-FEB-20 Short (1.20) 1. Payout; Zee Entertainment Enterprises Ltd. Media & Entertainment 0.63% HDFC Bank Ltd. 27-FEB-20 Short (1.18) 2. Reinvestment (default sub-option in case Vedanta Ltd. Non - Ferrous Metals 0.53% Max Financial Services Ltd. Short (1.16) no option specified by investor) Axis Bank Ltd. Banks 0.48% ITC Ltd. 27-FEB-20 Short (1.07) Ltd. Non - Ferrous Metals 0.37% Tata Steel Ltd. 27-FEB-20 Short (0.92) Security and Intelligence Service (I) Ltd. Commercial Services 0.30% Tata Consultancy Services Ltd. Short (0.73) SIP (Minimum) Sun Pharmaceutical Industries Ltd. Pharmaceuticals 0.21% Zee Entertainment Enterprises Ltd. Short (0.63) ` 500/month - 12 Installments UPL Ltd. Pesticides 0.21% Vedanta Ltd. 27-FEB-20 Short (0.54) India Ltd. Consumer Non Durables 0.16% Hindalco Industries Ltd. 27-FEB-20 Short (0.38) ` 1500/quarter - 4 Installments Total 66.24% Jindal Steel & Power Ltd. 27-FEB-20 Short (0.27) BONDS & NCDs UPL Ltd. 27-FEB-20 Short (0.21) AAUM & AUM Listed / awaiting listing on the stock exchanges Sun Pharmaceutical Industries Ltd. Short (0.21) Export-Import Bank of India CRISIL AAA 5.44% Asian Paints Ltd. 27-FEB-20 Short (0.19) AAUM ` 448.44 Crs National Highways Authority Dabur India Ltd. 27-FEB-20 Short (0.16) of India CRISIL AAA 1.98% HDFC Ltd. 27-FEB-20 Short (0.05) AUM ` 461.20 Crs Aditya Birla Housing Finance Ltd. [ICRA]AAA 1.76% Total (17.99) Larsen & Toubro Ltd. CRISIL AAA 1.56% Bank of Baroda CRISIL AA+ 1.10% All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR. Risk Profile 31 January 2020 Ltd. CRISIL AAA 1.09% **Thinly traded / Non traded securities and illiquid securities as defined in Yes Bank Ltd. [ICRA]BBB 0.78% SEBI Regulations and Guidelines. Portfolio Turnover 3.45 (last 12 months) Top 10 Industries

BANK Total Expense Ratio SOVEREIGN Regular 2.60% Consumer Banks CRISIL AAA Finance Software CRISIL Cement Telecom Direct 1.23% Non Petroleum Sovereign 13.90% 10.96% 8.55% 6.93% A1+ 3.67% Services Durables Products 3.84% 6.02% 3.39% 7.61% 4.54% Fund Managers# Riskometer NAV as on 31 January 2020 Mr. Sanjay Chawla Regular ` (Experience 29 Years) Growth 11.31 Dividend 11.31 Mr. Alok Sahoo Direct ` (Experience 18 Years) Growth 11.53 Mr. Dipak Acharya@ Dividend 11.53 (Experience 15 Years)

@Effective December 14, 2018, Mr. Dipak Acharya This product is suitable for investors who are seeking* manages the scheme along with Mr. Sanjay • Capital appreciation over medium to long term. Chawla and Mr. Alok Sahoo. • Investment in equity and equity linked securities as well as debt and money market instruments while managing risk through active asset allocation. * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. #For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25

11 Baroda Equity Savings Fund An open-ended scheme investing in equity, arbitrage and debt instruments. The Bank of Baroda logo belongs to Bank of Baroda 31 January, 2020 and is used under license

Investment Objective The primary objective of the Scheme is to generate capital appreciation and income by using arbitrage opportunities, investment in equity / equity related instruments and debt/ money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.

Date of Inception Portfolio Portfolio July 25, 2019 % to % to Ratings / Ratings / Name of Instruments Net Name of Instruments Net Industries Industries Assets Assets Benchmark EQUITY & EQUITY RELATED CENTRAL GOVERNMENT SECURITIES 40% NSE 50 Arbitrage index, 35% NIFTY Short Listed / awaiting listing on the stock exchanges 6.45% CGL 2029 Sovereign 0.42% HDFC Ltd. Finance 6.71% Total 0.42% Duration Debt index and 25% NSE100 index Reliance Industries Ltd. Petroleum Products 5.59% MONEY MARKET INSTRUMENTS Total Return variant of the Benchmark Index HDFC Bank Ltd. Banks 4.55% Commercial Paper** (TRI) Bajaj Finance Ltd. Finance 3.72% HDFC Ltd. CRISIL A1+ 2.57% Axis Bank Ltd. Banks 2.95% Total 2.57% Minimum Investment State Bank of India Banks 2.77% Certificate of Deposits** ITC Ltd. Consumer Non Durables 2.75% IndusInd Bank Ltd. CRISIL A1+ 2.04% Purchase: ` 5,000/- & in multiples of ` 1/- Bharti Airtel Ltd. Telecom - Services 2.61% Small Industries Development Bank CRISIL A1+ 0.84% Ltd. Cement 2.43% of India thereafter Total 2.88% Grasim Industries Ltd. Cement 2.06% Margin Fixed Deposits Additional Purchase : ` 1,000/- and in Jindal Steel & Power Ltd. Ferrous Metals 1.91% HDFC Bank Ltd. Unrated 9.98% multiples of ` 1/- thereafter. UPL Ltd. Pesticides 1.83% Total 9.98% Tata Consultancy Services Ltd. Software 1.70% Re-purchase: No minimum amount TREPS / Reverse Repo Investments 1.59% Titan Company Ltd. Consumer Durables 1.61% Total 1.59% Maruti Suzuki India Ltd. Auto 1.42% Cash & Cash Equivalents Load Structure Sun Pharmaceutical Industries Ltd. Pharmaceuticals 1.33% Net Receivable/Payable 4.91% Nestle India Ltd. Consumer Non Durables 1.33% Total 4.91% Entry Load: NA Dabur India Ltd. Consumer Non Durables 1.32% Grand Total 100.00% ICICI Bank Ltd. Banks 1.22% DERIVATIVES / Stock Futures Exit Load: If units are redeemed upto 10% Adani Enterprises Ltd. Trading 1.14% % to of the units held, on or before one year from Hindalco Industries Ltd. Non - Ferrous Metals 1.11% Name of the Instrument Long / Short AUM the date of allotment : Nil Max Financial Services Ltd. Finance 1.10% HDFC Ltd. 27-FEB-20 Short (5.49) IndusInd Bank Ltd. Banks 1.06% Reliance Industries Ltd. 27-FEB-20 Short (4.51) • If units are redeemed over and above the Corporation Ltd. Petroleum Products 0.90% HDFC Bank Ltd. 27-FEB-20 Short (3.13) Interglobe Aviation Ltd. Transportation 0.89% Axis Bank Ltd. 27-FEB-20 Short (2.96) 10% limit, on or before one year from the Bajaj Finance Ltd. 27-FEB-20 Short (2.87) date of allotment : 1% of the applicable Net JSW Steel Ltd. Ferrous Metals 0.88% Infosys Ltd. Software 0.75% ITC Ltd. 27-FEB-20 Short (2.77) Asset Value (NAV) Banks 0.73% Ambuja Cements Ltd. 27-FEB-20 Short (2.44) State Bank of India 27-FEB-20 Short (2.29) Petronet LNG Ltd. Gas 0.72% • If units are redeemed after one year from Grasim Industries Ltd. 27-FEB-20 Short (2.07) DLF Ltd. Construction 0.66% the date of allotment: Nil Bharti Airtel Ltd. 27-FEB-20 Short (2.02) Asian Paints Ltd. Consumer Non Durables 0.60% Jindal Steel & Power Ltd. 27-FEB-20 Short (1.91) The above exit load shall be applicable Larsen & Toubro Ltd. Construction Project 0.53% UPL Ltd. 27-FEB-20 Short (1.84) on a prospective basis to all subscription Vedanta Ltd. Non - Ferrous Metals 0.53% Tata Consultancy Services Ltd. Short (1.45) Tech Mahindra Ltd. Software 0.51% Maruti Suzuki India Ltd. 27-FEB-20 Short (1.43) transactions, excluding switch-ins. Ultratech Cement Ltd. Cement 0.50% Sun Pharmaceutical Industries Ltd. Short (1.33) The above exit load structure is effective Ltd. Consumer Non Durables 0.48% Adani Enterprises Ltd. 27-FEB-20 Short (1.14) Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.47% Hindalco Industries Ltd. 27-FEB-20 Short (1.12) September 05, 2019. Kotak Mahindra Bank Ltd. Banks 0.46% Dabur India Ltd. 27-FEB-20 Short (1.11) HCL Technologies Ltd. Software 0.34% Max Financial Services Ltd. Short (1.10) United Spirits Ltd. Consumer Non Durables 0.27% IndusInd Bank Ltd. 27-FEB-20 Short (1.06) Plans & Option SBI Life Insurance Company Ltd. Finance 0.21% Titan Company Ltd. 27-FEB-20 Short (0.98) The Federal Bank Ltd. Banks 0.21% Bharat Petroleum Corporation Ltd. Short (0.89) Regular and Direct Jubilant Foodworks Ltd. Consumer Non Durables 0.18% Interglobe Aviation Ltd. 27-FEB-20 Short (0.89) JSW Steel Ltd. 27-FEB-20 Short (0.88) A. Growth Option (default option in case no Zee Entertainment Enterprises Ltd. Media & Entertainment 0.18% Tata Global Beverages Ltd. Consumer Non Durables 0.11% Punjab National Bank 27-FEB-20 Short (0.74) option specified by investor); Total 65.33% Petronet LNG Ltd. 27-FEB-20 Short (0.72) B. Dividend Option BONDS & NCDs DLF Ltd. 27-FEB-20 Short (0.66) Listed / awaiting listing on the stock exchanges Nestle India Ltd. 27-FEB-20 Short (0.61) • Pay-out Asian Paints Ltd. 27-FEB-20 Short (0.60) ICICI Bank Ltd. [ICRA]AA+ 3.07% • Reinvestment (default sub-option in case no Vedanta Ltd. 27-FEB-20 Short (0.53) State Bank of India CRISIL AA+ 2.19% sub-option specified by investor) The Federal Bank Ltd. 27-FEB-20 Short (0.21) Bank of Baroda CARE AA 2.17% Zee Entertainment Enterprises Ltd. Short (0.18) Vedanta Ltd. CRISIL AA 1.30% Tata Global Beverages Ltd. Short (0.11) Bank of Baroda CRISIL AA+ 1.09% Total (52.04) SIP (Minimum) Indian Oil Corporation Ltd. CRISIL AAA 1.07% Yes Bank Ltd. [ICRA]BBB 0.77% All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR. ` 500/month - 12 Installments HDFC Bank Ltd. CRISIL AA+ 0.66% **Thinly traded / Non traded securities and illiquid securities as defined in ` 1500/quarter - 4 Installments Total 12.32% SEBI Regulations and Guidelines. Top 10 Industries

AAUM & AUM BANK AAUM ` 465.64 Crs AUM ` 465.62 Crs Consumer Banks Finance Unrated CRISIL Cement CRISIL Software [ICRA] Non Petroleum 13.95% 11.74% 9.98% A1+ 4.99% AA+ 3.30% AA+ Durables Products Total Expense Ratio 5.45% 3.94% 3.07% 7.04% 6.49% Regular 2.04% Riskometer NAV as on 31 January 2020 Direct 0.99% Regular ` Growth 10.40 Fund Managers Dividend 10.40 Direct ` Mr. Dipak Acharya Growth 10.47 (Experience 15 Years) Dividend 10.47

Mr. Pratish Krishnan (Experience 15 Years) This product is suitable for investors who are seeking* • Long term capital appreciation and income generation. • Investment in equity and equity related securities, arbitrage Mr. Alok Sahoo opportunities, and debt and money market instuments. (Experience 18 Years) * Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

12 Baroda Conservative Hybrid Fund An open ended hybrid scheme investing pre-dominantly The Bank of Baroda logo belongs to Bank of Baroda in debt instruments. 31 January, 2020 and is used under license

Investment Objective To generate regular income through investment in debt and money market instruments and also to generate long term capital appreciation by investing a portion in equity and equity related instruments.

Date of Inception Portfolio Ratings Ratings / % to Net September 08, 2004 Name of Instruments Industries Assets Sovereign 76.51% EQUITY & EQUITY RELATED Benchmark Listed / awaiting listing on the stock exchanges Finance 4.28% Infosys Ltd. Software 2.26% Banks 3.13% CRISIL Hybrid 85+15 - Conservative Index HDFC Ltd. Finance 1.94% (effective February 1, 2018) HDFC Bank Ltd. Banks 1.48% Software 2.74% Bajaj Finance Ltd. Finance 1.32% ICICI Bank Ltd. Banks 1.27% Telecom - Services 1.00% Minimum Investment Bharti Airtel Ltd. Telecom - Services 1.00% Consumer Non Pharmaceuticals 0.87% ` 5,000/- & in multiples of ` 1/- thereafter United Spirits Ltd. 0.75% Durables Consumer Non Durables 0.75% Trent Ltd. Retailing 0.71% Load Structure HCL Technologies Ltd. Software 0.48% Industrial Capital Goods 0.72% Fortis Healthcare Ltd. Healthcare Services 0.46% Industrial Capital Retailing 0.71% Entry Load: NA Bharat Electronics Ltd. 0.42% Goods Exit Load: NIL State Bank of India Banks 0.38% Healthcare Services 0.46% IPCA Laboratories Ltd. Pharmaceuticals 0.38% Auto 0.46% Multi Commodity Plans & Option Finance 0.38% Exchange of India Ltd. Cash & Cash Equivalents 8.37% Cholamandalam Investment Plan A and Plan B (Direct) Finance 0.33% & Finance Co. Ltd. A. Growth Option (default option in case no Escorts Ltd. Auto 0.32% option specified by investor); Muthoot Finance Ltd. Finance 0.31% B. Monthly Dividend (default) Industrial Capital ABB India Ltd. 0.26% 1. Payout Goods 2. Re-investment (default sub-option in case Alembic Pharmaceuticals Ltd. Pharmaceuticals 0.25% Instruments no option specified by investor) Alkem Laboratories Ltd. Pharmaceuticals 0.24% 3.56% C. Quarterly Dividend Maruti Suzuki India Ltd. Auto 0.14% 4.81% 1. Payout Central Government ABB Power Products & Industrial Capital Securities 2. Reinvestment (default sub-option in case 0.04% Systems India Ltd. Goods 15.12% no option specified by investor) Total 15.12% EQUITY & EQUITY D. Bonus Option$ CENTRAL GOVERNMENT SECURITIES RELATED 6.45% CGL 2029 Sovereign 62.72% 7.17% CGL 2028 Sovereign 5.33% TREPS / Reverse Repo Investments SIP (Minimum) 7.59% CGL 2026 Sovereign 4.19% 8.24% CGL 2027 Sovereign 2.17% Cash & Cash ` 500/month - 12 Installments 7.59% CGL 2029 Sovereign 2.10% Equivalents ` 1500/quarter - 4 Installments Total 76.51% 76.51% TREPS / Reverse Repo Investments 4.81% Total 4.81% Cash & Cash Equivalents AAUM & AUM Net Receivable/Payable 3.56% AAUM ` 24.90 Crs Total 3.56% Grand Total 100.00% AUM ` 24.86 Crs All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR.

Portfolio Characteristic Riskometer NAV as on 31 January 2020 Average Maturity (Days) 3052 Plan A ` Modified Duration (Years) 6.04 Growth 25.7155 Portfolio Yield (%) 6.54 Dividend - Monthly 13.9266 Dividend - Quarterly 13.5416 Total Expense Ratio Plan B - Direct ` Plan A 2.07% Growth 27.3031 Plan B (Direct) 1.26% Dividend - Monthly 14.6349

This product is suitable for investors who are seeking* Dividend - Quarterly 13.6529 • Regular Income and capital appreciation over medium term Fund Manager# with providing liquidity. • Investment in debt and money market instruments and in equity and equity related instruments. Ms. Hetal Shah * Investors should consult their financial advisers if in (Experience 20 Years) doubt about whether the product is suitable for them. $ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25

13 Baroda Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds. The Bank of Baroda logo belongs to Bank of Baroda (Excluding AA+ rated corporate bonds) 31 January, 2020 and is used under license

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.

Date of Inception Portfolio Ratings Ratings / % to Net January 23, 2015 Name of Instruments Industries Assets CRISIL AA 19.07% Benchmark CENTRAL GOVERNMENT SECURITIES [ICRA]AA- 12.05% 7.17% CGL 2028 Sovereign 0.87% [ICRA]A+ CRISIL Short Term Credit Risk Index 6.68% CGL 2031 Sovereign 0.10% 11.06% (Effective October 29, 2019) Total 0.97% CRISIL AAA 10.07% STATE GOVERNMENT SECURITIES CRISIL AA+ 4.82% Minimum Investment 8.11% SDL 2028 Sovereign 0.59% ` 5,000/- & in multiples of ` 1/- thereafter Total 0.59% [ICRA]AA+ 4.33% BONDS & NCDs [ICRA]A1+ 4.24% Load Structure Listed / awaiting listing on the stock exchanges Motilal Oswal Home [ICRA]BBB [ICRA]A+ 11.06% 3.06% Entry Load: NA Finance Ltd. Edelweiss Rural And Corporate IND AA 2.93% [ICRA]AA- 9.18% Exit Load: If units are redeemed upto 10% Services Ltd. of the units, on or before one year from the IndusInd Bank Ltd. CRISIL AA 8.09% BWR AA+ 2.73% date of allotment : Nil Vedanta Ltd. CRISIL AA 5.99% CRISIL A1+ 1.69% If units are redeemed over and above the ICICI Bank Ltd. [ICRA]AA+ 4.33% Sovereign 1.56% 10% limit, on or before one year from the HDFC Bank Ltd. CRISIL AAA 3.58% date of allotment : 1% of the applicable Net Muthoot Finance Ltd. CRISIL AA 3.28% CARE D 1.50% Asset Value (NAV) Yes Bank Ltd. [ICRA]BBB 3.06% Cash & Cash Equivalents 20.89% If units are redeemed after one year from the HDFC Bank Ltd. CRISIL AA+ 2.94% date of allotment: Nil Company Ltd. IND AA 2.93% Edelweiss Housing Finance Ltd. [ICRA]AA- 2.87% Housing Finance Ltd. BWR AA+ 2.73% Plans & Option National Bank for Agriculture CRISIL AAA 2.45% and Rural Development Plan A and Plan B (Direct) Indian Railway Finance CRISIL AAA 1.99% A. Growth Option (default option in case no Corporation Ltd. Instruments option specified by investor); Bank of Baroda CRISIL AA+ 1.88% B. Monthly Dividend IIFL Home Finance Ltd. CRISIL AA 1.71% 0.97% BONDS & NCDs Dewan Housing Finance 1.71% 1. Payout CARE D 1.50% Corporation Ltd. 3.63% 0.59% TREPS / Reverse Repo 2. Re-investment (default sub-option in case Reliance Industries Ltd. CRISIL AAA 0.34% 5.93% Investments no option specified by investor) Total 69.91% Certificate of Deposits C. Quarterly Dividend Cash & Cash 1. Payout MONEY MARKET INSTRUMENT Equivalents 2. Reinvestment (default sub-option in case Certificate of Deposits** 17.26% no option specified by investor) ICICI Bank Ltd. [ICRA]A1+ 4.24% Unlisted D. Bonus Option$ IndusInd Bank Ltd. CRISIL A1+ 1.69% Central Government Total 5.93% Securities Unlisted State Government SIP (Minimum) Powergrid Vizag CRISIL AAA 1.71% Securities Transmission Ltd. 69.91% ` 500/month - 12 Installments Total 1.71% ` 1500/quarter - 4 Installments TREPS / Reverse Repo Investments 17.26% Total 17.26% AAUM & AUM Cash & Cash Equivalents Net Receivable/Payable 3.63% AAUM ` 604.56 Crs Total 3.63% Grand Total 100.00% AUM ` 587.44 Crs All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR. **Thinly traded / Non traded securities and illiquid securities as Portfolio Characteristic defined in SEBI Regulations and Guidelines. Average Maturity (Days) 713 Modified Duration (Years) 1.44 Riskometer NAV as on 31 January 2020 Portfolio Yield (%) 10.05 Plan A ` Growth 14.4512 Total Expense Ratio Dividend - Monthly 10.1244 Plan A 1.77% Dividend - Quarterly 10.2534 Plan B (Direct) 1.00% Plan B - Direct ` Growth 15.2575 Fund Managers# Dividend - Monthly 10.7012 This product is suitable for investors who are seeking* Dividend - Quarterly 10.8779 Mr. Alok Sahoo • Income over medium term. (Experience 18 Years) • 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 & Mr. Karn Kumar about whether the product is suitable for them. (Experience 15 Years) $ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25 & Mr. Karn Kumar is managing the Scheme along with Mr. Alok Sahoo effective July 24, 2017

14 Baroda Gilt Fund An open ended debt scheme investing in government securities across maturity. The Bank of Baroda logo belongs to Bank of Baroda 31 January, 2020 and is used under license

Investment Objective To generate income by investing in a portfolio of Government securities.

Date of Inception Portfolio Ratings Ratings / % to Net March 21, 2002 Name of Instruments Industries Assets Benchmark CENTRAL GOVERNMENT SECURITIES I SEC-MI BEX 7.26% CGL 2029 Sovereign 19.25% Sovereign 85.31% 8.24% CGL 2027 Sovereign 12.94% Minimum Investment ` 5,000/- & in multiples of ` 1/- thereafter 6.68% CGL 2031 Sovereign 12.51% 7.59% CGL 2029 Sovereign 10.98%

Load Structure 8.28% CGL 2027 Sovereign 9.73%

Entry Load: NA 6.79% CGL 2027 Sovereign 3.76% Exit Load: 0.25%, if redeemed on or before 6.45% CGL 2029 Sovereign 3.71% 1 month (30 days) from the date of allotment Cash & Cash Equivalents 14.69% of units. 7.59% CGL 2026 Sovereign 1.96% Nil, if redeemed after 1 month (30 days) from the date of allotment of units. 7.88% CGL 2030 Sovereign 0.24%

Total 75.08%

Plans & Option STATE GOVERNMENT SECURITIES

Plan A and Plan B (Direct) 9.39% SDL 2023 Sovereign 10.23% Instruments A. Growth Option (default option in case no Total 10.23% 1.02% option specified by investor); 10.23% Central Government B. Dividend Securities TREPS / Reverse Repo Investments 13.67% 1. Payout 13.67% TREPS / Reverse Repo 2. Re-investment (default sub-option in case Total 13.67% no option specified by investor) Investments C. Bonus Option$ Cash & Cash Equivalents State Government Net Receivable/Payable 1.02% Securities

SIP (Minimum) Total 1.02% Cash & Cash Equivalents ` 500/month - 12 Installments Grand Total 100.00% 75.08% ` 1500/quarter - 4 Installments

AAUM & AUM AAUM ` 26.62 Crs Riskometer NAV as on 31 January 2020 AUM ` 26.67 Crs Plan A ` Growth 30.6080 Dividend 21.7050 Plan B- Direct ` Portfolio Characteristic Growth 32.5652 Average Maturity (Days) 2553 Dividend 28.1925 Modified Duration (Years) 5.04 Portfolio Yield (%) 6.56

This product is suitable for investors who are seeking* • Credit risk free regular Income over long term. Total Expense Ratio • Investment only in Government (both Central and State Plan A 1.86% Government) Securities. * Investors should consult their financial advisers if in doubt Plan B (Direct) 1.05% about whether the product is suitable for them.

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 Fund Manager# # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25

Ms. Hetal Shah (Experience 20 Years)

15 Baroda Dynamic Bond Fund+ An open-ended dynamic debt scheme investing across duration. The Bank of Baroda logo belongs to Bank of Baroda 31 January, 2020 and is used under license +Effective January 14, 2019, Baroda Income Fund was merged with Baroda Dynamic Bond Fund and Baroda Income Fund has ceased to exist. Investment Objective The investment objective of the scheme is to generate returns with liquidity by managing the portfolio dynamically through interest rate cycles.

Date of Inception Portfolio Ratings Ratings / % to Net June 30, 2012 Name of Instruments Industries Assets

CENTRAL GOVERNMENT SECURITIES Sovereign 78.88% Benchmark 6.79% CGL 2027 Sovereign 18.91% CRISIL Composite Bond Fund Index 6.68% CGL 2031 Sovereign 16.21%

8.28% CGL 2027 Sovereign 12.75% [ICRA]AA- 9.11% Minimum Investment 7.59% CGL 2026 Sovereign 12.30% ` 5,000/- & in multiples of ` 1/- thereafter 7.59% CGL 2029 Sovereign 8.39% CARE D 4.04% Load Structure Total 68.56% Entry Load: NA STATE GOVERNMENT SECURITIES Exit Load: 3%, if redeemed within 3 months 9.35% SDL 2024 Sovereign 3.88% from the date of allotment of units; Cash & Cash Equivalents 7.97% 8.58% SDL 2023 Sovereign 3.54% 2%, if redeemed between 3 months 1 day to 6 months from the date of allotment of units; 9.39% SDL 2023 Sovereign 2.23% 1%, if redeemed between 6 months 1 day 8.60% SDL 2023 Sovereign 0.67% to 1 year from the date of allotment of units; Nil, if redeemed after 1 year from the date of Total 10.32% allotment of units. Instruments BONDS & NCDs 1.27% Central Government Listed / awaiting listing on the stock exchanges 6.70% Securities Plans & Option Edelweiss Rural And 10.32% [ICRA]AA- 9.11% Plan A and Plan B (Direct) Corporate Services Ltd. BONDS & NCDs Dewan Housing Finance A. Growth Option (default option in case no CARE D 4.04% State Government option specified by investor); Corporation Ltd. 13.15% Securities B. Dividend Total 13.15% 1. Payout TREPS / Reverse Repo 2. Re-investment (default sub-option in case TREPS / Reverse Repo Investments 6.70% Investments no option specified by investor) C. Bonus Option$ Total 6.70% Cash & Cash 68.56% Equivalents Cash & Cash Equivalents

Net Receivable/Payable 1.27% SIP (Minimum) Total 1.27% ` 500/month - 12 Installments ` 1500/quarter - 4 Installments Grand Total 100.00% All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR. AAUM & AUM AAUM ` 21.23 Crs AUM ` 21.18 Crs Riskometer NAV as on 31 January 2020 Plan A ` Growth 16.7189 Portfolio Characteristic Dividend 12.7526 Average Maturity (Days) 2294 Plan B - Direct ` Modified Duration (Years) 4.68 Growth 17.5947 Portfolio Yield (%) 7.66 Dividend 13.5593

Total Expense Ratio Plan A 1.58% This product is suitable for investors who are seeking* Plan B (Direct) 1.24% • Regular Income over medium term with providing liquidity. • Investment in medium to long term corporate bonds and / or government securities and manage the portfolio dynamically through different interest rate cycles. # Fund Managers * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Mr. Alok Sahoo $ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 (Experience 18 Years) # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25

Ms. Hetal Shah (Experience 20 Years)

16 Baroda Short Term Bond Fund An open-ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year The Bank of Baroda logo belongs to Bank of Baroda and 3 years (please refer to pg 36 of SID). 31 January, 2020 and is used under license

Investment Objective The objective of the Scheme is to generate income from a portfolio constituted of short term debt and money market securities.

Date of Inception Portfolio Ratings Ratings / % to Net June 30, 2010 Name of Instruments Industries Assets CRISIL AAA 36.38%

BONDS & NCDs Sovereign 20.24% Benchmark Listed / awaiting listing on the stock exchanges CRISIL Short Term Bond Fund Index Bajaj Finance Ltd. CRISIL AAA 7.46% CRISIL AA 14.43% IndusInd Bank Ltd. CRISIL AA 7.45% CRISIL A1+ 6.27% Reliance Industries Ltd. CRISIL AAA 7.31% Minimum Investment National Bank for IND AAA 6.17% ` 5,000/- & in multiples of ` 1/- thereafter Agriculture and Rural CRISIL AAA 6.57% Development [ICRA]AA- 4.21% NHPC Ltd. IND AAA 6.17% Load Structure Larsen & Toubro Ltd. CRISIL AAA 5.98% [ICRA]AA 3.20% Hindustan Petroleum [ICRA]AAA 3.13% Entry Load: NA Corporation Ltd. CRISIL AAA 5.86% Exit Load: 0.25%, if redeemed on or before Muthoot Finance Ltd. CRISIL AA 4.35% IND A1+ 1.45% 15 days from the date of allotment of units. Edelweiss Rural And [ICRA]AA- 4.21% Nil, if redeemed after 15 days from the date Corporate Services Ltd. [ICRA]A+ 0.58% of allotment of units. Indian Railway Finance Corporation Ltd. CRISIL AAA 3.20% Cash & Cash Equivalents 3.94% Vedanta Ltd. CRISIL AA 2.63% India Infoline Finance Ltd. [ICRA]AA 1.74% Plans & Option Aditya Birla Finance Ltd. [ICRA]AAA 1.67% Plan A and Plan B (Direct) Bank of Baroda [ICRA]AA 1.46% A. Growth Option (default option in case no L&T Finance Ltd. [ICRA]AAA 1.46% option specified by investor); Motilal Oswal Home [ICRA]A+ 0.58% B. Monthly Dividend^ Finance Ltd. 1. Payout Total 68.10% Instruments 2. Re-investment (default sub-option in case MONEY MARKET INSTRUMENT no option specified by investor) Certificate of Deposits** 3.04% 0.90% 7.72% BONDS & NCDs C. Quarterly Dividend^ Small Industries 1. Payout CRISIL A1+ 6.27% Development Bank of India Treasury Bills 2. Re-investment (default sub-option in case HDFC Bank Ltd. IND A1+ 1.45% no option specified by investor) Total 7.72% 20.24% Certificate of Deposits Treasury Bills 63 DAYS CMB 17.03.20 Sovereign 13.01% Cash & Cash SIP (Minimum) 76 DAYS CMB 17.03.20 Sovereign 7.23% Equivalents ` 500/month - 12 Installments Total 20.24% TREPS / Reverse Repo TREPS / Reverse Repo Investments 0.90% ` 1500/quarter - 4 Installments 68.10% Investments Total 0.90% Cash & Cash Equivalents AAUM & AUM Net Receivable/Payable 3.04% AAUM ` 349.45 Crs Total 3.04% Grand Total 100.00% AUM ` 344.64 Crs

All corporate ratings are assigned by rating agencies like CRISIL; Portfolio Characteristic CARE; ICRA; IND; BWR. Average Maturity (Days) 766 **Thinly traded / Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines. Modified Duration (Years) 1.58 Portfolio Yield (%) 7.32 Riskometer NAV as on 31 January 2020 Macaulay duration (Years) 1.68 Plan A ` Growth 21.2955 Total Expense Ratio Dividend 10.1233 Plan A 1.29% Dividend - Quarterly 10.4883 Plan B (Direct) 0.59% Plan B - Direct ` Growth 22.2604 Dividend 10.1244 Fund Managers# Dividend - Quarterly 10.6473 This product is suitable for investors who are seeking* Mr. Alok Sahoo • Regular Income over short term. (Experience 18 Years) • Investment predominantly in Money Market Instruments (i.e. CP/ CD) and Short Term Debt Market Instruments. Ms. Hetal Shah * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. (Experience 20 Years) ^ The Dividend Option has been renamed as Monthly Dividend Option and a Quarterly Dividend Option has been introduced effective December 23, 2016. # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25

17 Baroda Treasury Advantage Fund An open-ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months (please refer to pg 38 The Bank of Baroda logo belongs to Bank of Baroda of SID). 31 January, 2020 and is used under license

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.

Date of Inception Portfolio Ratings June 24, 2009 Ratings / % to Net Name of Instruments Industries Assets [ICRA]BBB 26.87% Benchmark BONDS & NCDs CRISIL Low Duration Debt Index [ICRA]A+ 20.07% (Effective October 29, 2019) Listed / awaiting listing on the stock exchanges Yes Bank Ltd. [ICRA]BBB 26.87% CRISIL AA 17.65% Minimum Investment Motilal Oswal Home [ICRA]A+ 20.07% ` 5,000/- & in multiples of ` 1/- thereafter Finance Ltd. [ICRA]AA 9.98% Muthoot Finance Ltd. CRISIL AA 16.55% Load Structure BWR AA+ 4.47% India Infoline Finance Ltd. [ICRA]AA 9.98% Entry Load: NA Indiabulls Housing BWR AA+ 4.47% [ICRA]AA- 2.15% Exit Load: 3%, if redeemed within 3 months Finance Ltd. from the date of allotment of units; Edelweiss Rural And [ICRA]AA- 2.15% 2%, if redeemed between 3 months 1 day to Corporate Services Ltd. CARE D 1.07% 6 months from the date of allotment of units; IndusInd Bank Ltd. CRISIL AA 1.10% 1%, if redeemed between 6 months 1 day Dewan Housing Finance Cash & Cash Equivalents 17.74% CARE D 1.07% to 1 year from the date of allotment of units; Corporation Ltd. Nil, if redeemed after 1 year from the date of Total 82.26% allotment of units. TREPS / Reverse Repo Investments 0.92% Plans & Option Total 0.92% Plan A and Plan B (Direct) A. Growth Option (default option in case no Cash & Cash Equivalents Instruments option specified by investor); Net Receivable/Payable 16.82% 0.92% B. Daily Dividend BONDS & NCDs 16.82% 1. Re-investment Total 16.82% C. Weekly Dividend 1. Re-investment Grand Total 100.00% D. Monthly Dividend Cash & Cash DHFL ( ISIN INE202B071K1) has defaulted in repaying the 1. Payout Equivalents 2. Re-investment (default sub option in case maturity proceeds in Baroda Treasury Advantage Fund on 9th no option specified by investor) September 2019. The marked down value of the instrument as E. Quarterly Dividend on that date in the books was Rs.11.25 crores. 1. Payout All corporate ratings are assigned by rating agencies like CRISIL; TREPS / Reverse Repo 2. Re-investment (default sub option in case CARE; ICRA; IND; BWR. no option specified by investor) **Thinly traded / Non traded securities and illiquid securities as Investments F. Bonus Option$ defined in SEBI Regulations and Guidelines. 82.26%

SIP (Minimum) ` 500/month - 12 Installments ` 1500/quarter - 4 Installments

AAUM & AUM AAUM ` 94.70 Crs Riskometer NAV as on 31 January 2020 Regular ` AUM ` 89.81 Crs Growth 1692.0257 Dividend - Daily 802.9459 Portfolio Characteristic Dividend - Weekly 797.5472 Average Maturity (Days) 445 Dividend - Monthly 798.5625 Plan A ` Modified Duration (Years) 0.88 Bonus NA Portfolio Yield (%) 15.43 Growth 1735.0198 Macaulay duration (Months) 12.84 Dividend - Daily 822.1862 Dividend - Weekly 797.7544 This product is suitable for investors who are seeking* Dividend - Monthly 798.5569 Total Expense Ratio • Regular income over short term with maintaining a balance Dividend - Quarterly 824.1201 Plan A 0.90% between returns and liquidity. Plan B - Direct ` Plan B (Direct) 0.59% • Investment predominantly in Money Market (i.e. CP/CDs) and Growth 1774.2935 Debt Market Instruments. Dividend - Daily 806.6567 * Investors should consult their financial advisers if in doubt Dividend - Weekly 799.6142 Fund Managers# about whether the product is suitable for them. Dividend - Monthly 800.4637 Dividend - Quarterly 835.2790 Mr. Alok Sahoo $ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 Effective November 01, 2012, dividends declared under (Experience 18 Years) the Regular Plan (which has been discontinued from October 01, 2012) will be reinvested in Baroda Treasury Advantage Fund (earlier called Institutional Plan) *For Disclaimer please refer page no 25 Ms. Hetal Shah # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25 (Experience 20 Years)

18 Baroda Ultra Short Duration Fund (An open ended ultra short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months) The Bank of Baroda logo belongs to Bank of Baroda (please refer to pg 37 of SID) 31 January, 2020 and is used under license

Investment Objective The primary objective of the Scheme is to generate regular income by investing in a portfolio of debt and money market instruments such that the Macaulay duration of the portfolio is between 3 months – 6 months (please refer to page no.37 of SID). However, there can be no assurance that the investment objective of the Scheme will be realized.

Date of Inception Portfolio Ratings Ratings / % to Net June 1, 2018 Name of Instruments Industries Assets CRISIL A1+ 48.79% MONEY MARKET INSTRUMENT Benchmark Commercial Paper** CRISIL AAA 11.63% CRISIL Ultra Short Fund Index Reliance Industries Ltd. CRISIL A1+ 9.63% Housing Development Sovereign 9.61% CRISIL A1+ 5.80% Minimum Investment Finance Corporation Ltd. [ICRA]A1+ 9.34% ` 5,000/- & in multiples of ` 1/- thereafter Axis Finance Ltd. CRISIL A1+ 5.77% Total 21.20% IND A1+ 7.70% Certificate of Deposit** Load Structure Axis Bank Ltd. CRISIL A1+ 9.46% Entry Load: NA [ICRA]A+ 5.81% Exit Load: NIL ICICI Bank Ltd. [ICRA]A1+ 9.34% HDFC Bank Ltd. IND A1+ 7.70% CRISIL AA+ 3.92% IndusInd Bank Ltd. CRISIL A1+ 7.45% Cash & Cash Equivalents 3.20% Plans & Option National Bank for Regular and Direct Agriculture and Rural CRISIL A1+ 5.39% Development A. Growth Option (default option in case no Small Industries option specified by investor); CRISIL A1+ 5.29% Development Bank of India B. Daily Dividend 1. Re-investment Total 44.63% C. Weekly Dividend BONDS & NCDs 1. Re-investment Instruments Listed / awaiting listing on the stock exchanges 2.01%1.19% Certificate of Deposits Export-Import Bank of India CRISIL AAA 9.68% 9.61% 44.63% Motilal Oswal Home [ICRA]A+ 5.81% BONDS & NCDs SIP (Minimum) Finance Ltd. Bank of Baroda CRISIL AA+ 3.92% ` 500/month - 12 Installments Commercial Paper Hindustan Petroleum 21.20% ` 1500/quarter - 4 Installments CRISIL AAA 1.95% Corporation Ltd. Treasury Bills Total 21.36% Cash & Cash AAUM & AUM Treasury Bills Equivalents 70 DAYS CMB 17.03.20 Sovereign 9.61% AAUM ` 283.16 Crs 21.36% TREPS / Reverse Repo AUM ` 258.63 Crs Total 9.61% Investments TREPS / Reverse Repo Investments 1.19% Total 1.19% Portfolio Characteristic Cash & Cash Equivalents Average Maturity (Days) 171 Net Receivable/Payable 2.01% Modified Duration (Years) 0.43 Total 2.01% Portfolio Yield (%) 5.82 Grand Total 100.00% Macaulay duration (Months) 5.64 All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR. **Thinly traded / Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines. Total Expense Ratio Regular 0.38% Riskometer NAV as on 31 January 2020 Direct 0.20% Regular ` Growth 1133.4769 Dividend - Daily 1006.2583 Dividend - Weekly 1001.7134 Fund Managers# Direct ` Growth 1137.0524 Mr. Alok Sahoo Dividend - Daily 1007.0611 (Experience 18 Years) Dividend - Weekly 1001.7332 This product is suitable for investors who are seeking* Ms. Hetal Shah • Reasonable returns with convenience of liquidity over (Experience 20 Years) ultra-short Term. • Investments in a basket of debt and money market in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months. * Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25

19 Baroda Liquid Fund An open ended liquid scheme The Bank of Baroda logo belongs to Bank of Baroda 31 January, 2020 and is used under license

Investment Objective To generate income with a high level of liquidity by investing in a portfolio of money market and debt securities.

Date of Inception Portfolio Ratings Ratings / % to Net February 5, 2009 Name of Instruments Industries Assets BONDS & NCDs Sovereign 46.45% Benchmark Listed / awaiting listing on the stock exchanges NABARD CRISIL AAA 0.09% CRISIL Liquid Fund Index Total 0.09% CRISIL A1+ 27.23% MONEY MARKET INSTRUMENT Commercial Paper** Minimum Investment Reliance Industries Ltd. CRISIL A1+ 3.97% [ICRA]A1+ 5.66% ` 5,000/- & in multiples of ` 1/- thereafter Reliance Jio Infocomm Ltd. CRISIL A1+ 3.39% Indian Oil Corporation Ltd. CRISIL A1+ 2.27% Adani Ports and Special IND A1+ 4.54% [ICRA]A1+ 2.26% Load Structure Economic Zone Ltd. IIFL Wealth Finance Ltd. CRISIL A1+ 2.26% Entry Load: NA Ultratech Cement Ltd. CRISIL A1+ 2.26% CARE A1+ 0.28% Motilal Oswal Financial CRISIL A1+ 1.70% Exit Load: (Effective October 20, 2019) Services Ltd. Investor exit upon Exit load as % of Axis Finance Ltd. CRISIL A1+ 1.70% CRISIL AAA 0.09% subscription Redemption proceeds Aditya Birla Housing [ICRA]A1+ 1.70% Day 1 0.0070% Finance Ltd. Day 2 0.0065% L&T Finance Ltd. CRISIL A1+ 1.70% Motilal Oswal Home Cash & Cash Equivalents 15.75% Day 3 0.0060% CRISIL A1+ 1.13% Day 4 0.0055% Finance Ltd. Manappuram Finance Ltd. CRISIL A1+ 1.13% Day 5 0.0050% HDB Financial Services Ltd. CRISIL A1+ 0.17% Day 6 0.0045% Housing Development Finance CRISIL A1+ 0.11% Day 7 onwards 0.0000% Corporation Ltd. The above load shall be applicable for all fresh Total 25.75% investments (including ongoing SIP/STP/SWP instalments Certificate of Deposit** falling on or after the effective date) and Dividend Instruments Transfer Plan if the transfer is from BLF on or after the Syndicate Bank IND A1+ 4.54% IndusInd Bank Ltd. CRISIL A1+ 3.97% effective date. 0.09% IDFC First Bank Ltd. [ICRA]A1+ 1.70% Treasury Bills 11.96% 0.04% Plans & Option Axis Bank Ltd. CRISIL A1+ 1.13% 46.45% Small Industries CRISIL A1+ 0.34% Commercial Paper Plan A and Plan B (Direct) Development Bank of India Andhra Bank CARE A1+ 0.28% 15.71% TREPS / Reverse Repo A. Growth Option (default option in case no Total 11.96% option specified by investor); Treasury Bills Investments B. Daily Dividend 91 DAY T-BILL 20.02.20 Sovereign 12.47% Certificate of Deposits 1. Re-investment 63 DAYS CMB 17.03.20 Sovereign 8.53% BONDS & NCDs C. Weekly Dividend 182 DAY T-BILL 14.02.20 Sovereign 5.67% 1. Re-investment 91 DAY T-BILL 12.03.20 Sovereign 5.65% Cash & Cash $ D. Bonus Option 76 DAYS CMB 17.03.20 Sovereign 4.80% 25.75% Equivalents 91 DAY T-BILL 05.03.20 Sovereign 3.39% 182 DAY T-BILL 12.03.20 Sovereign 3.39% SIP (Minimum) 70 DAYS CMB 17.03.20 Sovereign 1.41% ` 500/month - 12 Installments 91 DAY T-BILL 06.02.20 Sovereign 1.14% ` 1500/quarter - 4 Installments Total 46.45% TREPS / Reverse Repo Investments 15.71% Total 15.71% AAUM & AUM Cash & Cash Equivalents Net Receivable/Payable 0.04% AAUM ` 8,530.13 Crs Total 0.04% AUM ` 8,798.92 Crs Grand Total 100.00% All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND; BWR. **Thinly traded / Non traded securities and illiquid securities as Portfolio Characteristic defined in SEBI Regulations and Guidelines. Average Maturity (Days) 26 Riskometer NAV as on 31 January 2020 Modified Duration (Years) 0.07 Regular ` Portfolio Yield (%) 5.30 Growth 3310.0318 Dividend 2835.8808 Dividend - Daily 1006.0602 Total Expense Ratio Plan A ` Plan A 0.29% Growth 2249.4332 Plan B (Direct) 0.19% Dividend - Daily 1001.1996 Dividend - Weekly 1000.5639 This product is suitable for investors who are seeking* Plan B - Direct ` Fund Managers# • Regular income over short term with maintaining a balance Growth 2264.6364 between returns and liquidity. Dividend - Daily 1002.0849 • Investment predominantly in Money Market (i.e. CP/CDs) and Mr. Alok Sahoo Debt Market Instruments. Dividend - Weekly 1219.2666 (Experience 18 Years) * Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

$ Ms. Hetal Shah The Bonus Option in the Schemes has been discontinued effective June 08, 2015 Effective November 01, 2012, dividends declared under the Regular Plan (which has been discontinued from October 01, 2012) will be reinvested in Baroda Liquid Fund (earlier called Institutional Plan) (Experience 20 Years) # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 23 - 25

20 Baroda Overnight Fund (An open-ended debt scheme investing in overnight securities) The Bank of Baroda logo belongs to Bank of Baroda 31 January, 2020 and is used under license

Investment Objective The primary objective of the scheme is to generate returns, commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of one business day. There is no assurance that the investment objective of the scheme will be realized.

Date of Inception Portfolio April 25, 2019 % to Net Name of Instruments Assets Benchmark TREPS / Reverse Repo Investments 99.51% CRISIL Overnight Index Total 99.51% Cash & Cash Equivalents Net Receivable/Payable 0.49% Minimum Investment Total 0.49% Purchase: ` 5,000/- & in multiples of ` 1/- Grand Total 100.00% thereafter Additional Purchase : ` 1,000/- and in multiples of ` 1/- thereafter. Re-purchase: No minimum amount Riskometer NAV as on 31 January 2020 Regular ` Load Structure Growth 1040.6430 Entry Load: NA Dividend - Daily 1000.0000 Exit Load: NIL Dividend - Weekly 1000.4877 Direct ` Plans & Option Growth 1041.0430 Dividend - Daily 1000.0000 Regular and Direct A. Growth Option (default option in case no option Dividend - Weekly 1000.5906 specified by investor); This product is suitable for investors who are seeking* B. Dividend Option • Generate returns, commensurate with low risk and high level of The Dividend option offers the following sub-options liquidity. 1. Daily Dividend (default in case no sub-option is specified by the investor) • Invest in overnight securities having maturity of one business 2. Weekly Dividend day. Dividends, if any, declared by the scheme will be * Investors should consult their financial advisers if in doubt compulsorily re-invested. about whether the product is suitable for them.

SIP (Minimum) ` 500/month - 12 Installments ` 1500/quarter - 4 Installments

AAUM & AUM AAUM ` 500.98 Crs AUM ` 682.95 Crs

Portfolio Characteristic Average Maturity (Days) 3 Modified Duration (Years) 0.01 Portfolio Yield (%) 4.92

Total Expense Ratio Regular 0.11% Direct 0.06%

Fund Managers

Mr. Alok Sahoo (Experience 18 Years)

Ms. Hetal Shah (Experience 20 Years)

21 Baroda Money Market Fund An open ended debt scheme investing in money market instruments. The Bank of Baroda logo belongs to Bank of Baroda 31 January, 2020 and is used under license

Investment Objective The primary objective of the Scheme is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made in money market instruments.

Date of Inception Portfolio Ratings June 19, 2019 Ratings / % to Net Name of Instruments Industries Assets

Benchmark MONEY MARKET INSTRUMENT CRISIL Money Market Index Commercial Paper** CRISIL A1+ 94.89% HDB Financial Services Ltd. CRISIL A1+ 17.91%

Minimum Investment Axis Finance Ltd. CRISIL A1+ 17.90% Purchase: ` 5,000/- & in multiples of ` 1/- Housing Development CRISIL A1+ 8.96% thereafter Finance Corporation Ltd. Additional Purchase : ` 1,000/- and in multiples of ` 1/- thereafter. Total 44.77% Re-purchase: No minimum amount Certificate of Deposit** Cash & Cash Equivalents 5.11% National Bank for Agriculture CRISIL A1+ 19.70% Load Structure and Rural Development Small Industries CRISIL A1+ 17.89% Entry Load: NA Development Bank of India Exit Load: NIL IndusInd Bank Ltd. CRISIL A1+ 12.53% Total 50.12% Plans & Option TREPS / Reverse Repo Investments 4.92% Instruments Regular and Direct Total 4.92% A. Growth Option (default option in case no option 4.92% 0.19% Certificate of Deposits specified by investor); Cash & Cash Equivalents 50.12% B. Dividend Option Net Receivable/Payable 0.19% Commercial Paper The Dividend option offers the following sub-options 1. Daily Dividend Total 0.19% • Re-investment 2. Weekly Dividend Grand Total 100.00% TREPS / Reverse Repo • Re-investment 44.77% Investments 3. Monthly Dividend All corporate ratings are assigned by rating agencies like CRISIL; • Pay-out and • Re-investment (default) CARE; ICRA; IND; BWR. Dividend declared by the Scheme in Daily Dividend **Thinly traded / Non traded securities and illiquid securities as Cash & Cash and Weekly Dividend will be compulsorily defined in SEBI Regulations and Guidelines. Equivalents re-invested.

SIP (Minimum) ` 500/month - 12 Installments ` 1500/quarter - 4 Installments Riskometer NAV as on 31 January 2020 Regular ` Growth 1041.5346 AAUM & AUM Dividend - Daily 1005.7757 AAUM ` 57.56 Crs Dividend - Weekly 1002.4135 AUM ` 55.59 Crs Dividend - Monthly 1002.7428 Direct ` Growth 1043.3891 Portfolio Characteristic Dividend - Daily 1005.7790 Average Maturity (Days) 34 This product is suitable for investors who are seeking* Dividend - Weekly NA Modified Duration (Years) 0.09 • Regular income over short term. Dividend - Monthly NA Portfolio Yield (%) 5.27 • Investments in money market instruments having maturity upto 1 year. * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Total Expense Ratio Regular 0.60% Direct 0.33%

Fund Managers

Mr. Alok Sahoo (Experience 18 Years)

Mr. Karn Kumar (Experience 15 Years)

22 Investment Performance

The Bank of Baroda logo belongs to Bank of Baroda and is used under license

Funds Managed by Mr. Sanjay Chawla & Mr. Dipak Acharya

Date Of Inception: 12/09/2003 Since 1 Year 3 Years 5 Years Scheme Name & Benchmark Inception Baroda Multi Cap Fund (in %)^ 10.05 7.72 4.91 15.20 S&P BSE 500 TRI (Scheme Benchmark) (in %)* 10.80 11.66 7.97 15.68 Nifty 50 TRI (Standard Benchmark) (in %)$ 11.84 13.29 7.67 15.60 ` 10,000, if invested in BMCF, would have become ` 11,005 ` 12,498 ` 12,712 ` 101,750 ` 10,000, if invested in S&P BSE 500 TRI, would have become ` 11,080 ` 13,921 ` 14,679 ` 109,018 ` 10,000, if invested in Nifty 50 TRI, would have become ` 11,184 ` 14,540 ` 14,476 ` 107,714 ^Past performance may or may not be sustained in the future. Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. * With effect from October 29, 2019 the benchmark has been changed to S&P BSE 500 TRI. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI). As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 12 Sep 2003 to 29 June 2007, and TRI values since 29 June 2007.

Date Of Inception: 31/03/1996 Since 1 Year 3 Years 5 Years Scheme Name & Benchmark Inception Baroda ELSS’ 96 (in %)^ 8.03 5.73 3.56 11.72 S&P BSE 200 TRI (Scheme Benchmark) (in %)* 11.15 12.25 8.09 12.74 Nifty 50 TRI (Standard Benchmark) (in %)$ 11.84 13.29 7.67 12.62 ` 10,000, if invested in BELSS’96, would have become ` 10,803 ` 11,819 ` 11,912 ` 140,652 ` 10,000, if invested in S&P BSE 200 TRI, would have become ` 11,115 ` 14,143 ` 14,762 ` 174,704 ` 10,000, if invested in Nifty 50 TRI, would have become ` 11,184 ` 14,540 ` 14,476 ` 170,307 ^Past performance may or may not be sustained in the future. Data is for Dividend Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns have been computed assuming that all payouts during the period have been reinvested in the units of the Scheme at the respective prevailing NAVs. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. * with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI). As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 31 Mar 1996 to 29 June 2007, and TRI values since 29 June 2007.

Date Of Inception: 12/09/2003 Since 1 Year 3 Years 5 Years Scheme Name & Benchmark Inception Baroda Hybrid Equity Fund (in %)^ 5.59 6.49 5.51 11.14 CRISIL Hybrid 35+65 - Aggressive index& (Scheme Benchmark) (in %) 11.38 10.54 8.39 13.03 Nifty 50 TRI (Standard Benchmark) (in %)$ 11.84 13.29 7.67 15.60 ` 10,000, if invested in BHEF, would have become ` 10,559 ` 12,077 ` 13,081 ` 56,510 ` 10,000, if invested in CRISIL Hybrid 35+65 - Aggressive index (effective February 1, 2018), would have become ` 11,138 ` 13,507 ` 14,969 ` 74,467 ` 10,000, if invested in Nifty 50 TRI, would have become ` 11,184 ` 14,540 ` 14,476 ` 107,714 ^Past performance may or may not be sustained in the future. Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015. &(Benchmark has been renamed effective February 1, 2018). The equity component of the index has been changed from Nifty 50 to S&P BSE 200. The index will be total return index in the equity component from August 1, 2016 while the debt component will be total return since inception. Price return of S&P BSE 200 (equity component) will be used for computing index values prior to August 1, 2016. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).

Date Of Inception: 04/10/2010 Since 1 Year 3 Years 5 Years Scheme Name & Benchmark Inception Baroda Mid-Cap Fund (in %)^ 8.35 6.79 1.04 -0.73 S&P BSE MidCap TRI (Scheme Benchmark)& (in %) 7.27 7.47 8.75 8.30 Nifty 50 TRI (Standard Benchmark) (in %)$ 11.84 13.29 7.67 8.69 ` 10,000, if invested in BMCF, would have become ` 10,835 ` 12,177 ` 10,530 ` 9,340 ` 10,000, if invested in S&P BSE MidCap TRI, would have become ` 10,727 ` 12,413 ` 15,217 ` 21,044 ` 10,000, if invested in Nifty 50 TRI, would have become ` 11,184 ` 14,540 ` 14,476 ` 21,757 ^Past performance may or may not be sustained in the future. Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme with Mr. Dipak Acharya effective October 3, 2016. &(Scheme Benchmark has been changed to S&B BSE Mid-cap Index effective October 3, 2016) Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).

Date Of Inception: 22/06/2010 Since 1 Year 3 Years 5 Years Scheme Name & Benchmark Inception Baroda Large Cap Fund (in %)^ 11.01 7.80 5.41 4.54 Nifty 100 TRI (Scheme Benchmark)& (in %) 11.29 12.56 7.97 10.42 Nifty 50 TRI (Standard Benchmark) (in %)$ 11.84 13.29 7.67 10.13 ` 10,000, if invested in BLCF, would have become ` 11,101 ` 12,527 ` 13,016 ` 15,320 ` 10,000, if invested in Nifty 100 TRI, would have become ` 11,129 ` 14,263 ` 14,678 ` 25,949 ` 10,000, if invested in Nifty 50 TRI, would have become ` 11,184 ` 14,540 ` 14,476 ` 25,292 ^Past performance may or may not be sustained in the future. Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme with Mr. Dipak Acharya effective October 3, 2016. &(Scheme Benchmark has been changed to Nifty 100 effective October 3, 2016) Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).

23 Investment Performance

The Bank of Baroda logo belongs to Bank of Baroda and is used under license

Funds Managed by Mr. Dipak Acharya

Date Of Inception: 22/06/2012 Since 1 Year 3 Years 5 Years Scheme Name & Benchmark Inception Baroda Banking and Financial Services Fund (in %)^ 20.90 14.55 8.18 13.16 Nifty Bank Index TRI (Scheme Benchmark) (in %) 13.46 17.05 9.92 16.73 Nifty 50 TRI (Standard Benchmark) (in %)$ 11.84 13.29 7.67 13.10 ` 10,000, if invested in BBFSF, would have become ` 12,090 ` 15,032 ` 14,824 ` 25,630 ` 10,000, if invested in Nifty Bank Index TRI, would have become ` 11,346 ` 16,037 ` 16,056 ` 32,480 ` 10,000, if invested in Nifty 50 TRI, would have become ` 11,184 ` 14,540 ` 14,476 ` 25,526 ^Past performance may or may not be sustained in the future. Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. &Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).

Funds Managed by Mr. Sanjay Chawla, Mr. Alok Sahoo and Mr. Dipak Acharya

Date Of Inception: 14/11/2018 1 Year Since Inception Scheme Name & Benchmark Baroda Dynamic Equity Fund (in %)^ 11.21 10.67 50% S&P BSE 200 Index and 50% CRISIL Short Term Bond Fund Index TRI (Scheme Benchmark) (in %) 10.70 10.42 Nifty 50 TRI (Standard Benchmark) (in %)$ 11.84 11.93 ` 10,000, if invested in BDEF, would have become ` 11,121 ` 11,310 ` 10,000, if invested in 50% S&P BSE 200 Index and 50% CRISIL Short Term Bond Fund Index TRI, would have become ` 11,070 ` 11,278 ` 10,000, if invested in Nifty 50 TRI, would have become ` 11,184 ` 11,466 ^Past performance may or may not be sustained in the future. Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. &Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI). The scheme has been in existence for more than 1 year but less than 3 years since inception.

Funds Managed by Mr. Alok Sahoo and Ms. Hetal Shah

Date Of Inception: 30/06/2010 Since 1 Year 3 Years 5 Years Scheme Name & Benchmark Inception Baroda Short Term Bond Fund (in %)^ 8.98 7.74 8.27 8.20 CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 9.92 7.45 8.13 8.28 CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 7.25 6.70 7.08 6.96 ` 10,000, if invested in BSTBF, would have become ` 10,898 ` 12,506 ` 14,886 ` 21,296 ` 10,000, if invested in CRISIL Short Term Bond Fund Index, would have become ` 10,992 ` 12,406 ` 14,788 ` 21,450 ` 10,000, if invested in CRISIL 1 year T-Bill, would have become ` 10,725 ` 12,149 ` 14,082 ` 19,076 ^Past performance may or may not be sustained in the future. Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. &Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.

Date Of Inception: 05/02/2009 Since 1 Year 3 Years 5 Years Scheme Name & Benchmark Inception Baroda Liquid Fund (in %)^ 6.42 6.87 7.32 7.65 CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 6.68 7.01 7.31 7.38 CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 7.25 6.70 7.08 6.38 ` 10,000, if invested in BLF, would have become ` 10,642 ` 12,207 ` 14,239 ` 22,494 ` 10,000, if invested in CRISIL Liquid Fund Index, would have become ` 10,668 ` 12,254 ` 14,234 ` 21,879 ` 10,000, if invested in CRISIL 1 year T-Bill, would have become ` 10,725 ` 12,149 ` 14,082 ` 19,732 ^Past performance may or may not be sustained in the future. Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `1000 invested at inception. &Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.

Date Of Inception: 24/06/2009 Since 1 Year 3 Years 5 Years Scheme Name & Benchmark Inception Baroda Treasury Advantage Fund (in %)^ -18.97 -2.48 2.03 5.33 CRISIL Low Duration Debt Index (Scheme Benchmark) (in %)* 8.57 7.67 8.18 7.71 CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 7.25 6.70 7.08 6.48 ` 10,000, if invested in BTAF, would have become ` 8,103 ` 9,273 ` 11,056 ` 17,350 ` 10,000, if invested in CRISIL Low Duration Debt Index, would have become ` 10,857 ` 12,483 ` 14,825 ` 22,000 ` 10,000, if invested CRISIL 1 year T-Bill, would have become ` 10,725 ` 12,149 ` 14,082 ` 19,469 ^Past performance may or may not be sustained in the future. *With effect from October 29, 2019 the benchmark has been changed to CRISIL Low Duration Debt Index. Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `1000 invested at inception. &Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.

Date Of Inception: 30/06/2012 Since 1 Year 3 Years 5 Years Scheme Name & Benchmark Inception Baroda Dynamic Bond Fund (in %)^ -3.00 2.43 5.25 7.00 CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 11.33 6.92 8.32 8.72 CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 7.25 6.70 7.08 7.20 ` 10,000, if invested in BDBF, would have become ` 9,700 ` 10,745 ` 12,922 ` 16,719 ` 10,000, if invested in CRISIL Composite Bond Fund Index, would have become ` 11,133 ` 12,223 ` 14,919 ` 18,871 ` 110,000, if invested CRISIL 1 year T-Bill, would have become ` 10,725 ` 12,149 ` 14,082 ` 16,957 ^Past performance may or may not be sustained in the future. Data is for for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. &Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.

24 Investment Performance

The Bank of Baroda logo belongs to Bank of Baroda and is used under license

Date Of Inception: 01/06/2018 1 Year Since Inception Scheme Name & Benchmark Baroda Ultra Short Duration Fund (in %)^ 7.50 7.80 CRISIL Ultra Short Fund Index (Scheme Benchmark) (in %) 7.74 8.03 CRISIL 1 Year T-Bill Index (Standard Benchmark)$ 7.25 7.49 ` 10,000, if invested in BUSDF, would have become ` 10,750 ` 11,335 ` 10,000, if invested in CRISIL Ultra Short Fund Index, would have become ` 10,774 ` 11,376 ` 10,000, if invested in CRISIL 1 Year T-Bill Index, would have become ` 10,725 ` 11,280 ^Past performance may or may not be sustained in the future. Data is for for Plan A - Growth Option. Regular and Direct have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. The scheme has been in existence for more than 1 year but less than 3 years since inception.

Funds Managed by Mr. Alok Sahoo and Mr. Karn Kumar

Date Of Inception: 23/01/2015 Since 1 Year 3 Years 5 Years Scheme Name & Benchmark Inception Baroda Credit Risk Fund (in %)^ 2.75 5.32 7.45 7.60 CRISIL Short Term Credit Risk Index (Scheme Benchmark) (in %)* 10.45 8.12 8.91 8.91 CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 7.25 6.70 7.08 7.08 ` 10,000, if invested in BCRF, would have become ` 10,275 ` 11,684 ` 14,326 ` 14,451 ` 10,000, if invested in CRISIL Short Term Credit Risk Index, would have become ` 11,045 ` 12,641 ` 15,328 ` 15,354 ` 10,000, if invested CRISIL 1 year T-Bill, would have become ` 10,725 ` 12,149 ` 14,082 ` 14,102 ^Past performance may or may not be sustained in the future. *With effect from October 29, 2019 the benchmark has been changed to CRISIL Short Term Credit Risk FUnd. Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Karn Kumar is managing the scheme along with Mr. Alok Sahoo since July 24, 2017.

Funds Managed by Ms. Hetal Shah

Date Of Inception: 08/09/2004 Since 1 Year 3 Years 5 Years Scheme Name & Benchmark Inception Baroda Conservative Hybrid Fund (in %)^ 11.05 6.86 6.83 6.32 CRISIL Hybrid 85+15 - Conservative Index& (Scheme Benchmark) (in %) 11.40 7.80 8.41 8.65 CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ 10.84 5.04 7.33 6.13 ` 10,000, if invested in BCHF, would have become ` 11,105 ` 12,202 ` 13,921 ` 25,716 ` 10,000, if invested in CRISIL Hybrid 85+15 - Conservative Index, would have become ` 11,140 ` 12,528 ` 14,981 ` 35,882 ` 10,000, if invested in CRISIL 10 Year Gilt Index, would have become ` 11,084 ` 11,589 ` 14,247 ` 25,016 ^Past performance may or may not be sustained in the future. Data is for for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. &(Benchmark has been renamed effective February 1, 2018). The equity component of the index has been changed from Nifty 50 to S&P BSE 200. The index will be total return index in the equity component from August 1, 2016 while the debt component will be total return since inception. Price return of S&P BSE 200 (equity component) will be used for computing index values prior to August 1, 2016.

Date Of Inception: 21/03/2002 Since 1 Year 3 Years 5 Years Scheme Name & Benchmark Inception Baroda Gilt Fund (in %)^ 9.33 5.40 6.92 6.46 I-Sec Mi-BEX (Scheme Benchmark) (in %) 10.62 7.55 8.65 7.89 CRISIL 10 Year Gilt Index (Standard Benchmark)$ 10.84 5.04 7.33 6.71 ` 10,000, if invested in BGF, would have become ` 10,933 ` 11,708 ` 13,975 ` 30,608 ` 10,000, if invested in I-Sec Mi-BEX, would have become ` 11,062 ` 12,442 ` 15,146 ` 38,897 ` 10,000, if invested in CRISIL 10 Year Gilt Index, would have become ` 11,084 ` 11,589 ` 14,247 ` 31,943 ^Past performance may or may not be sustained in the future. Data is for for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of January has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Performances of Baroda Equity Savings Fund, Baroda Money Market Fund and Baroda Overnight Fund have not been provided as the schemes have not completed one year since inception.

Disclaimers: Nifty Bank Index and Nifty 100: Baroda Large Cap Fund and Baroda Banking and Financial Services Fund (“said Schemes”) offered by Baroda Mutual Fund 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 (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Schemes or any member of the public regarding the advisability of investing in securities generally or in the said Schemes linked to Nifty 100 and Nifty Bank Index or particularly in the ability of the Nifty Bank Index to track general stock market performance in India. Please read the full disclaimers in relation to the Nifty 100 and Nifty Bank Index in the Offer Document / Prospectus / Information Statement. S&P BSE 200: Baroda ELSS’ 96 Fund and Baroda Dynamic Equity Fund (“said Scheme”) offered by Baroda Mutual Fund 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 (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Scheme or any member of the public regarding the advisability of investing in securities generally or in the said Scheme linked to S&P BSE 200 or particularly in the ability of the S&P BSE 200 and to track general stock market performance in India. Please read the full disclaimers in relation to the S&P BSE 200 in the Offer Document / Prospectus / Information Statement. S&P BSE 500: Baroda Multi Cap Fund (“said Scheme”) offered by Baroda 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 the said Scheme or any member of the public regarding the advisability of investing in securities generally or in the said Scheme linked to S&P BSE 500 or particularly in the ability of the S&P BSE 500 and to track general stock market performance in India. Please read the full disclaimers in relation to the S&P BSE 500 in the Offer Document / Prospectus / Information Statement. S&P BSE Midcap Index is a product of AIPL, a joint venture among affiliates of S&P Dow Jones Indices LLC (“SPDJI”) and BSE Limited (“BSE”), and has been licensed for use by Baroda Asset Management India Ltd. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); BSE® is registered trademarks of BSE Limited; Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by AIPL and sublicensed for certain purposes by Baroda Asset Management India Ltd. Baroda Mid-Cap Fund is not sponsored, endorsed, sold or promoted by SPDJI, BSE, Dow Jones, S&P or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P BSE Midcap Index.

25 SIP Returns The Bank of Baroda logo belongs to Bank of Baroda and is used under license

Baroda Multi Cap Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 1,970,000 Total Value as on January 31, 2020 (Rs) 126,272 382,479 698,292 1,143,386 1,901,475 5,486,291 Returns (%) 9.80 3.97 6.00 8.66 8.90 11.46 Total Value of S&P BSE 500 TRI* (Rs) 126,199 400,114 761,967 1,257,621 2,164,518 6,111,292 S&P BSE 500 TRI* Returns (%) 9.68 6.98 9.49 11.33 11.35 12.59 Total Value of Nifty 50 TRI (Rs) 125,466 414,240 782,189 1,254,471 2,143,556 6,055,226 Nifty 50 TRI Returns (%) 8.52 9.32 10.54 11.26 11.16 12.49 *With effect from October 29, 2019 the benchmark has been changed to S&P BSE 500. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI). As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 12 Sep 2003 to 29 June 2007, and TRI values since 29 June 2007.

Baroda ELSS’ 96 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 2,870,000 Total Value as on January 31, 2020 (Rs) 125,571 369,757 669,147 1,092,426 1,845,471 15,462,966 Returns (%) 8.69 1.74 4.31 7.38 8.34 12.23 Total Values of S&P BSE 200 TRI* (Rs) 126,010 405,486 771,298 1,267,206 2,186,504 20,377,031 S&P BSE 200 TRI* Returns (%) 9.38 7.88 9.98 11.54 11.54 14.05 Total Value of Nifty 50 TRI (Rs) 125,466 414,240 782,189 1,254,471 2,143,556 19,129,863 Nifty 50 TRI Returns (%) 8.52 9.32 10.54 11.26 11.16 13.63 * with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI). As TRI data is not available since inception of the Scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 12 Sep 2003 to 29 June 2007, and TRI values since 29 June 2007.

Baroda Hybrid Equity Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 1,970,000 Total Value as on January 31, 2020 (Rs) 124,387 375,885 687,026 1,095,743 1,834,722 4,228,794 Returns (%) 6.82 2.82 5.36 7.47 8.22 8.68 Total Values of CRISIL Hybrid 35+65 – Aggressive Index (Rs) 126,250 408,145 763,771 1,230,895 2,094,020 5,412,518 CRISIL Hybrid 35+65 – Aggressive Index (%) 9.76 8.32 9.58 10.73 10.72 11.31 Total Value of Nifty 50 TRI (Rs) 125,466 414,240 782,189 1,254,471 2,143,556 6,055,538 Nifty 50 TRI Returns (%) 8.52 9.32 10.54 11.26 11.16 12.49 The equity component of the index has been changed from Nifty 50 to S&P BSE 200. The index will be total return index in the equity component from August 1, 2016 while the debt component will be total return since inception. Price return of S&P BSE 200 (equity component) will be used for computing index values prior to August 1, 2016. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).

Baroda Mid-Cap Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 NA 1,120,000 Total Value as on January 31, 2020 (Rs) 128,624 374,034 669,838 994,755 NA 1,330,305 Returns (%) 13.54 2.50 4.35 4.76 NA 3.62 Total Values of S&P BSE MidCap TRI^^ (Rs) 128,011 372,186 715,070 1,276,641 NA 2,006,593 S&P BSE MidCap TRI ^^ Returns (%) 12.56 2.17 6.95 11.75 NA 12.06 Total Value of Nifty 50 TRI (Rs) 125,466 414,240 782,189 1,254,471 NA 1,935,582 Nifty 50 TRI Returns (%) 8.52 9.32 10.54 11.26 NA 11.33 ^^Scheme benchmark has been changed to S&P BSE Mid-cap index effective October 3, 2016. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).

Baroda Large Cap Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 NA 1,160,000 Total Value as on January 31, 2020 (Rs) 126,995 398,118 724,197 1,176,185 NA 1,756,446 Returns (%) 10.94 6.64 7.45 9.45 NA 8.33 Total Values of Nifty 100 TRI^^ (Rs) 125,324 408,022 774,525 1,259,802 NA 2,066,933 Nifty 100 TRI ^^ Returns (%) 8.30 8.30 10.14 11.38 NA 11.52 Total Value of Nifty 50 TRI (Rs) 125,466 414,240 782,189 1,254,471 NA 2,035,754 Nifty 50 TRI Returns (%) 8.52 9.32 10.54 11.26 NA 11.22 ^^Scheme benchmark has been changed to Nifty 100 effective October 3, 2016. Effective February 1, 2018, performance of the Scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI).

Baroda Banking and Financial Services Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 NA 920,000 Total Value as on January 31, 2020 (Rs) 131,618 433,322 829,054 1,369,106 NA 1,564,263 Returns (%) 18.36 12.41 12.89 13.71 NA 13.53 Total Value of Nifty Bank Index TRI (Rs) 125,697 428,476 853,836 1,468,193 NA 1,705,649 Nifty Bank Index TRI Returns (%) 8.89 11.63 14.08 15.66 NA 15.72 Total Value of Nifty 50 TRI (Rs) 125,466 414,240 782,189 1,254,471 NA 1,444,984 Nifty 50 TRI Returns (%) 8.52 9.32 10.54 11.26 NA 11.52

Baroda Conservative Hybrid Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception Total Amount Invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 1,850,000 Total Value as on January 31, 2020 (Rs) 125,580 406,167 724,710 1,114,682 1,809,442 3,261,077 Returns (%) 8.71 7.99 7.48 7.95 7.96 6.97 Total Value of CRISIL Hybrid 85+15 - Conservative Index (Rs) 126,451 410,057 747,000 1,166,887 1,928,467 3,810,794 CRISIL Hybrid 85+15 - Conservative Index (%) 10.08 8.64 8.70 9.23 9.17 8.79 Total Value of CRISIL 10 Year Gilt Index Returns (Rs) 125,543 405,335 722,639 1,102,731 1,757,748 3,253,491 CRISIL 10 Year Gilt Index Returns (%) 8.65 7.85 7.37 7.65 7.41 6.94

Baroda Dynamic Equity Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception Total Amount Invested (Rs) 120,000 NA NA NA NA 150,000 Total Value as on January 31, 2020 (Rs) 127,610 NA NA NA NA 161,283 Returns (%) 11.92 NA NA NA NA 11.42 Total Value of 50% S&P BSE 200 Index and 50% CRISIL Short Term Bond Fund Index (TRI) (Rs) 126,117 NA NA NA NA 159,505 CRISIL 50% S&P BSE 200 Index and 50% CRISIL Short Term Bond Fund Index (TRI) (%) 9.55 NA NA NA NA 9.61 Total Value of Nifty 50 TRI (Rs) 125,466 NA NA NA NA 159,177 Nifty 50 TRI (%) 8.52 NA NA NA NA 9.28 Past performance may or may not be sustained in the future. For SIP calculations above, the data assumes the investment of `10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return). Where Benchmark returns are not available, they have not been shown.

26 Dividend History The Bank of Baroda logo belongs to Bank of Baroda and is used under license

Record Date Ex-Dividend NAV (Rs) Per Unit$ (Rs) Record Date Ex-Dividend NAV (Rs) Per Unit$ (Rs) Baroda Multi Cap Fund - Plan A - Dividend Baroda Dynamic Bond Fund - Plan A - Dividend 22-Mar-19 30.20 2.80 16-Mar-18 13.3863 1.00 16-Mar-18 37.10 3.50 27-Jun-16 12.1528 0.40 23-Mar-17 35.86 2.50 22-Mar-16 12.5843 0.70 Baroda Multi Cap Fund - Plan B - Direct - Dividend Baroda Dynamic Bond Fund - Plan B - Direct - Dividend 22-Mar-19 30.33 2.80 16-Mar-18 14.0540 1.00 16-Mar-18 36.88 3.50 27-Jun-16 12.5981 0.40 23-Mar-17 35.33 2.50 22-Mar-16 13.0024 0.70 Baroda ELSS 96 - Plan A - Dividend Baroda Gilt Fund - Plan A - Dividend 22-Mar-19 26.45 1.55 16-Mar-18 20.1217 1.50 16-Mar-18 32.86 3.25 24-Jun-16 19.4927 1.20 23-Mar-17 32.07 2.50 22-Mar-16 20.3147 1.20 Baroda ELSS 96 - Plan B - Direct - Dividend Baroda Gilt Fund - Plan B - Direct - Dividend 22-Mar-19 32.18 1.55 21-Mar-14 16.5462 2.70 16-Mar-18 38.61 3.25 Baroda Liquid Fund - Plan A - Dividend 23-Mar-17 36.88 2.50 04-Mar-05 1016.27 35.00 Baroda Large Cap Fund - Plan A - Dividend 06-Jan-04 1004.32 95.00 22-Mar-19 11.22 0.95 13-May-02 1002.43 7.50 Baroda Large Cap Fund - Plan B - Direct - Dividend Baroda Short Term Bond Fund - Plan A - Monthly Dividend 22-Mar-19 11.82 0.95 27-Jan-20 10.1267 0.09 Baroda Banking and Financial Services Fund - Plan A - Dividend 27-Dec-19 10.1306 0.06 22-Mar-19 15.23 1.85 27-Nov-19 10.2168 0.06 16-Mar-18 17.11 1.75 Baroda Short Term Bond Fund - Plan B - Direct - Monthly Dividend Baroda Banking and Financial Services Fund - Plan B - Direct - Dividend 27-Jan-20 10.1272 0.09 22-Mar-19 16.23 1.85 27-Dec-19 10.1316 0.06 16-Mar-18 17.89 1.75 27-Nov-19 10.2234 0.07 Baroda Hybrid Equity Fund - Plan A - Dividend Baroda Short Term Bond Fund - Plan A - Quarterly Dividend 24-Dec-19 15.07 0.33 24-Dec-19 10.4020 0.15 04-Oct-19 14.95 0.33 04-Oct-19 10.5125 0.15 27-Jun-19 15.77 0.34 Baroda Short Term Bond Fund - Plan B - Direct - Quarterly Dividend Baroda Hybrid Equity Fund - Plan B - Direct - Dividend 24-Dec-19 10.5526 0.15 24-Dec-19 17.22 0.33 04-Oct-19 10.6429 0.15 04-Oct-19 16.96 0.33 Baroda Treasury Advantage Fund Reg - Monthly Dividend 27-Jun-19 17.85 0.34 26-Apr-19 1001.01 3.47 Baroda Conservative Hybrid Fund - Plan A - Monthly Dividend 27-Mar-19 1000.99 8.80 27-Jan-20 13.9519 0.07 27-Feb-19 1000.40 1.48 27-Dec-19 13.9597 0.07 Baroda Treasury Advantage Fund - Plan A - Monthly Dividend 27-Nov-19 14.0610 0.07 26-Apr-19 1001.01 3.47 Baroda Conservative Hybrid Fund - Plan B - Direct - Monthly Dividend 27-Mar-19 1000.99 8.80 27-Jan-20 14.6605 0.07 27-Feb-19 1000.40 1.48 27-Dec-19 14.6570 0.07 Baroda Treasury Advantage Fund - Plan B - Direct - Monthly Dividend 27-Nov-19 14.7473 0.07 26-Apr-19 1001.05 3.73 Baroda Conservative Hybrid Fund - Plan A - Quarterly Dividend 27-Mar-19 1001.01 9.03 24-Dec-19 13.4556 0.20 27-Feb-19 1000.42 1.74 04-Oct-19 13.6305 0.20 Baroda Treasury Advantage Fund Reg - Quarterly Dividend 27-Jun-19 13.5106 0.20 27-Jun-14 1006.66 23.38 Baroda Conservative Hybrid Fund - Plan B - Direct - Quarterly Dividend 21-Mar-14 1011.22 7.79 24-Dec-19 13.5564 0.20 24-Jun-16 1036.72 14.45 27-Jun-19 13.5479 0.20 Baroda Treasury Advantage Fund - Plan A - Quarterly Dividend 02-Jul-18 13.1754 0.20 22-Mar-19 1028.09 17.00 Baroda Credit Risk Fund - Plan A - Quarterly Dividend 26-Dec-18 1029.11 17.00 24-Dec-19 10.1625 0.05 26-Sep-18 1035.45 17.00 04-Oct-19 10.2252 0.08 Baroda Treasury Advantage Fund - Plan B - Direct - Quarterly Dividend 27-Jun-19 10.1433 0.15 22-Mar-19 1039.25 18.00 Baroda Credit Risk Fund - Plan B - Direct - Quarterly Dividend 26-Dec-18 1040.36 17.00 24-Dec-19 10.7734 0.05 26-Sep-18 1025.18 17.00 04-Oct-19 10.8090 0.10 Baroda Money Market Fund - Direct - Monthly Dividend 27-Jun-19 10.6957 0.15 27-Jan-20 1002.36 6.14 Baroda Credit Risk Fund - Plan A - Monthly Dividend 27-Dec-19 1004.82 4.57 27-Jan-20 10.1231 0.07 27-Aug-19 1004.08 6.24 25-Oct-19 10.1291 0.07 27-Sep-19 10.0829 0.07 Baroda Credit Risk Fund - Plan B - Direct - Monthly Dividend 27-Jan-20 10.6992 0.07 27-Dec-19 10.6709 0.07 27-Nov-19 10.7805 0.07

$ Face value is ` 10/- in all schemes other than Baroda Liquid Fund, Baroda Treasury Advantage Fund and Baroda Money Market Fund where the face value is ` 1,000/- per unit. # Pursuant to payment of dividend, the NAVs of the schemes would fall to the extent of payout and statutory levy (if applicable).

27 KFIN Technologies Private Limited (Formerly known as Karvy Fintech Private Limited)

The Bank of Baroda logo belongs to Bank of Baroda Address and Contact details MFS Branches and is used under license

• Agartala: Tel: 0381-2317519 Email: [email protected] • Agra: Tel: 7518801801 Email: [email protected] • Ahmedabad: Tel: 9081903021 Email: [email protected] • Ajmer: Tel: 0145-5120725 Email: [email protected] •Akola: Tel: 0724-2451874 Email: [email protected] • Aligarh: Tel: 7518801802 Email: [email protected] • Allahabad: Tel: 7518801803 Email: [email protected] • Alleppy: Tel: 0477 2263055 Email: [email protected] • Alwar: Tel: 0144-2335550 / 0144-2335551 Email: [email protected] • Amaravathi: Tel: 0721 2569198 Email: [email protected] • Ambala: Tel: 7518801804 Email: [email protected] • Amritsar: Tel: 0183-5053802 Email: [email protected] • Anand: Tel: 9081903038 Email: [email protected] • Ananthapur: Tel: 08554-244449 Email: [email protected] • Ankleshwar: Tel: 9081903037 Email: [email protected] • Asansol: Tel: 0341-2220077 Email: [email protected] •Aurangabad: Tel: 0240-2343414 Email: [email protected] • Azamgarh: Tel: 05462-247947 / 7518801805 Email: [email protected] • Balasore: Tel: 06782- 260503 Email: [email protected] • Bangalore: Tel: 080-26602852 Email: [email protected] • Bankura: Tel: 03242-255964 Email: [email protected] • Bareilly: Tel: 7518801806 Email: [email protected] • Barhampore (WB): Tel: 0348- 2274494 / 0348-2254745 / 2309237 Email: [email protected] • Baroda: Tel: 0265-2353506/07 Email: [email protected] • Begusarai: Tel: 7518801807 Email: [email protected] • Belgaum: Tel: 0831 2402544 Email: [email protected] • Bellary: Tel: 08392-254750 Email: [email protected] • Berhampur (OR): Tel: 0680-2228106 Email: [email protected] • Betul: Tel: 07141-231301 Email: [email protected] • Bhagalpur: Tel: 7518801808 Email: [email protected] • Bharuch: Tel: 9081903042 Email: [email protected] • Bhatinda: Tel: 0164- 5006725 Email: [email protected] • Bhavnagar: Tel: 278-3003149 Email: [email protected] • Bhilai: Tel: 0788- 2289499 / 2295332 Email: [email protected] • Bhilwara: Tel: 01482-246362 / 246364 Email: [email protected] • Bhopal: Tel: 0755-4092712 / 0755-4092715 Email: [email protected] • Bhubaneswar: Tel: 0674-2548981 / 0674-2360334 Email: [email protected] • Bikaner: Tel: 0151-2200014 Email: [email protected] • Bilaspur: Tel: 07752-470070 Email: mfsbilaspur@ kfintech.com • Bokaro: Tel: 7542979444 / 06542-335616 Email: [email protected] • Burdwan: Tel: 0342-2665140 Email: [email protected] • Calicut: Tel: 0495-4022480 Email: mfscalicut@ kfintech.com • Chandigarh: Tel: 0172-5101342 Email: [email protected] • Chandrapur: Tel: 07172-270262 / 07172-277584 Email: [email protected] • : Tel: 044-42028512 / 044-42028513 / 044-42028858 / Fax: 044-42028514 Email: [email protected] • Chinsura: Tel: 033-26810164 Email: [email protected] • Cochin: Tel: 0484 - 4025059 Email: cochinmfd@ kfintech.com • Coimbatore: Tel: 0422 – 4388011/12/13/14 / 0422 - 4388451 Email: [email protected] • Cuttack: Tel: 0671-220 30 77 Email: [email protected] • Darbhanga: Tel: 7518801809 Email: [email protected] • Davangere: Tel: 0819-2258714 Email: [email protected] • Dehradun: Tel: 7518801810 Email: [email protected] • Deoria: Tel: 7518801811 Email: [email protected] • Dewas: Tel: 07272-426010 Email: [email protected] • Dhanbad: Tel: 9264445981 Email: [email protected] • Dharwad: Tel: 0836- 2744207 Email: [email protected] • Dhule: Tel: 02562-282823 Email: [email protected] • Dindigul: Tel: 0451- 2436177 Email: [email protected] • Durgapur: Tel: 0343-6512111 Email: [email protected] • Eluru: Tel: 08812-227851 / 52 / 53 / 54 / 9959152347 Email: [email protected] • Erode: Tel: 0424-4021212 Email: [email protected] • Faridabad: Tel: 7518801812 Email: [email protected] • Ferozpur: Tel: 01632-241814 Email: [email protected] • andhidham: Tel: 9081903027 Email: [email protected] • Gandhinagar: Tel: 079 23244955 Email: [email protected] • Gaya: Tel: 0631-2220065 Email: [email protected] • Ghaziabad: Tel: 7518801813 Email: [email protected] • Ghazipur: Tel: 7518801814 Email: [email protected] • Gonda: Tel: 7518801815 / 9453961547 Email: [email protected] • Gorakhpur: Tel: 7518801816 / 8081127735 Email: [email protected] • Gulbarga: Tel: 8088934338 Email: [email protected] • Guntur: Tel: 0863-2339094 Email: [email protected] • : Tel: 7518801817 Email: [email protected] • Guwahati: Tel: 8811036746 / 0361-2203324 Email: [email protected] • Gwalior: Tel: 7518801818 Email: [email protected] • Haldwani: Tel: 7518801819 Email: [email protected] • Haridwar: Tel: 7518801820 Email: [email protected] • Hassan: Tel: 08172 262065 Email: [email protected] • Hissar: Tel: 7518801821 Email: [email protected] • Hoshiarpur: Tel: 01882-500143 Email: [email protected] • Hubli: Tel: 0836-2252444 Email: [email protected] • Hyderabad: Tel: 040-44857874 / 75 / 76 Email: [email protected] • Indore: Tel: 0731-4266828/4218902 Email: [email protected] • Jabalpur: Tel: 0761- 4923301. Email: [email protected] • Jaipur: Tel: 1414167715/17 Email: [email protected] • Jalandhar: Tel: 0181-5094410 Email: [email protected] • Jalgaon: Tel: 9421521406 Email: [email protected] • Jalpaiguri: Tel: 03561-222136 Email: [email protected] • Jammu: Tel: 0191-2458820 / 2458818 Email: [email protected] • Jamnagar: Tel: 0288 3065810 / 2558887 Email: [email protected] • Jamshedpur: Tel: 0657-6655003 / 6655004 / 6655005 / 6655006 / 6655007 Email: jamshedpurmfd@ kfintech.com • Jaunpur: Tel: 7518801822 Email: [email protected] • Jhansi: Tel: 7518801823 Email: [email protected] • Jodhpur: Tel: 7737014590 Email: [email protected] • Junagadh: Tel: 0285-2652220 Email: [email protected] • Kannur: Tel: 0497-2764190 Email: [email protected] • Kanpur: Tel: 7518801824 Email: [email protected] • Karaikudi: Tel: 04565-237192 Email: [email protected]• Karimnagar: Tel: 0878-2244773 Email: [email protected] • Karnal: Tel: 0184-2252524 Email: [email protected] • Karur: Tel: 04324- 241755 Email: [email protected] • haragpur: Tel: 03222-253380 Email:[email protected] • Kolhapur: Tel: 0231 2653656 Email: [email protected] • Kolkata: Tel: 033 66285900 Email: [email protected] • Kollam: Tel: 0474-2747055 Email: [email protected] • Korba: Tel: 7518801826 Email: [email protected] • Kota: Tel: 0744-5100964 Email: mfskota@kfintech. com • Kottayam: Tel: 0481-2300868 / 2302420 Email: [email protected] • Kurnool: Tel: 08518-228550 Email: [email protected] • Lucknow: Tel: 7518801830 / 0522-2236819 / 3213115 Email: [email protected] • Ludhiana: Tel: 0161-4648747 Email: [email protected] • Madurai: Tel: 0452-2605856 Email: [email protected] • Malappuram: Tel: 0483-2731480 Email: [email protected] • Malda: Tel: 03512-223763 Email: [email protected] • Mandi: Tel: 7518801833 Email: [email protected] • Mangalore: Tel: 0824-2496289 Email: mangaloremfd@ kfintech.com • Margao: Tel: 0832-2731823 Email: [email protected] • Mathura: Tel: 7518801834 Email: [email protected] • Meerut: Tel: 7518801835 Email: [email protected] • Mehsana: Tel: 02762-242950 Email: [email protected] • Mirzapur: Tel: 7518801836 Email:[email protected] • Moga: Tel: 01636 - 230792 Email: [email protected] •Moradabad: Tel: 7518801837 Email: [email protected] • Morena: Tel: 7518801838 Email: [email protected] • Mumbai: Tel: 022-66235353 Email: [email protected] • Muzaffarpur: Tel: 7518801839 Email: [email protected] • Mysore: Tel: 0821-2438006 Email: [email protected] • Nadiad: Tel: 0268-2563245 Email: [email protected] • Nagerkoil: Tel: 04652 – 233552 Email: [email protected] • Nagpur: Tel: 0712-2533040 Email: [email protected] • Namakkal: Tel: 04286-234801 Email: [email protected] •Nanded: Tel: 02462-237885 Email: [email protected] • Nasik: Tel: 0253-6608999 / 0755-3010732 Email: [email protected] • Navsari: Tel: 9081903040 Email: [email protected] • Nellore: Tel: 0861 2349940 Email: [email protected] • New : Tel: 011- 43681700 Email: [email protected] Fax: 011-43681710 • Nizamabad: Tel: 08462-224366 Email: [email protected] • Noida: Tel: 7518801840 Email: [email protected] • Palghat: Tel: 9895968533 / 0491 - 2547373 Email: [email protected] • Panipat: Tel: 7518801841 / 0180-3095517 Email: [email protected] • Panjim: Tel: 0832-2426873 / 2426874 Email: [email protected] •Pathankot: Tel: 0186-5080188 Email: [email protected] • Patiala: Tel: 0175-5004349 Email: [email protected] • Patna: Tel: 0612-4323066 Email: [email protected] • Pollachi: Tel: 04259-235111 / 235122 / 235133 Email: [email protected] • Pondicherry: Tel: 0413 2220640 Email: [email protected] • Proddatur: Tel: 08564 - 242898 Email: [email protected] • Pudukottai: Tel: 04322 - 220050 Email: [email protected] • Pune: Tel: 020-66496700 / 66496701 Email: punemfd@kfintech. com • Raipur: Tel: 0771-4912611 Email: [email protected] • Rajahmundry: Tel: 0883-2434468/70 Email: [email protected] • Rajapalayam: Tel: 04563 - 232952 Email: mfsrajapalayam@ kfintech.com • Rajkot: Tel: 9081903025 Email: [email protected] • Ranchi: Tel: 0651-2331320 Email: [email protected] • Ratlam: [email protected], 07412-320398, 07412-402009 • Renukoot: Tel: 7518801842 Email: [email protected] • Rewa: Tel: 7518801843 Email: [email protected] • Rohtak: Tel: 7518801844 Email: [email protected] • Roorkee: Tel: 7518801845 Email: [email protected] • Rourkela: Tel: 0661-2500005 Email: [email protected] • Sagar: Tel: 07582-402404 Email: [email protected] • Saharanpur: Tel: 7518801846 Email: [email protected] • Salem: Tel: 0427-4020300 Email: [email protected] • Sambalpur: Tel: 0663-2533437 Email: [email protected] • Satna: Tel: 7518801847Email:mfssatna@ kfintech.com • Shaktinagar: Tel: 7518801848 Email: [email protected] • Shillong: Tel: 0364 - 2506106 Email: [email protected] • Shimla: Tel: 7518801849 Email: mfsshimla@kfintech. com • Shimoga: Tel: 08182-228799 Email: [email protected] • Shivpuri: Tel: 7518801850 Email: [email protected] • Sikar: Tel: 01572-250398 Email: [email protected] • Silchar: Tel: 3842261714 Email: [email protected] • Siliguri: Tel: 0353-2522579 Email: [email protected] • Sitapur: Tel: 7518801851 Email: [email protected] •Sivakasi: Tel: 04562 228816 Email: [email protected] • Solan: Tel: 7518801852 Email: [email protected] • Solapur: Tel: 0217-2300021 / 2300318 Email: [email protected] • Sonepat: Tel: 7518801853 Email: mfssonepat@ kfintech.com • Sri Ganganagar: Tel: 0154-2470177 Email: [email protected] • Srikakulam: Tel: 8942229925 / 9248009412 Email: [email protected] • Sultanpur: Tel: 7518801854 Email: [email protected] • Surat: Tel: 9081903041 / 9081903035 Email: [email protected] • Thanjavur: Tel: 04362-275415 Email: [email protected] • Thodupuzha: Tel: 04862- 211209 Email: [email protected] • Tirunelveli: Tel: 0462 2335137 Email: [email protected] • Tirupathi: Tel: 9885995544 / 0877-2255797 Email: [email protected] • Tirupur: Tel: 0421-2214221 / 0421-2214319 Email: [email protected] • Tiruvalla: Tel: 0469-2603303 Email: [email protected] • Trichur: Tel: 0487- 6999987 Email: [email protected] • Trichy: Tel: 0431-4020227 Email: [email protected] • Trivandrum: Tel: 0471 - 2725728 Email: [email protected] • Tuticorin: Tel: 0461-2334603 Email: [email protected] • Udaipur: Tel: 0294 2429370 Email: [email protected] • Ujjain: Tel: 0734-4250007 / 4250007 Email: [email protected] • alsad: Tel: 02632-258481 Email: [email protected] • Vapi: Tel: 9081903028 Email: [email protected] • Varanasi: Tel: 7518801855 Email: [email protected] • Vellore: Tel: 0416 2215007 Email: [email protected] • Vijayanagaram: Soubhagya, Tel: 08922-236965 Email: [email protected] • Vijayawada: Tel: 0866-6604032 / 39 / 40 Email: [email protected] • Visakhapatnam: Tel: 0891-2714125 Email: [email protected] • Warangal: Tel: 0870-2441513 Email: [email protected] • Yamuna Nagar: Tel: 7518801857 Email: [email protected] Baroda Mutual Fund - Investor Service Centre Contact Points:

Toll Free Number: 1-800-267 0189 (9 am to 6 pm – Monday to Saturday all business days and 9 am to 2 pm on 2nd & 4th Saturday of the month) Email: [email protected] | Website:www.barodamf.com Registered Office Baroda Asset Management India Ltd. (Formerly known as Baroda Pioneer Asset Management Company Ltd.) CIN : U65991MH1992PLC069414 501 Titanium, 5th Floor, Western Express Highway, Goregaon (E), Mumbai - 400063. Phone: +91 22 6848 1000 / 4219 7999. Fax: +91 22 6848 1001. Branch Offices Delhi Baroda Asset Management India Ltd. (Formerly known as Baroda Pioneer Asset Management Company Ltd.) Flat No. 103 & 104, First Floor,Prakash Deep Building, 7 Tolstoy Marg, - 110001. Phone: +91 011- 43514662, Fax: +91 11 4592117 Chennai Baroda Asset Management India Ltd. (Formerly known as 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: +91 044- 2834 3530, Fax: +91 044 - 2834 3539 Lucknow Baroda Asset Management India Limited* (Formerly known as Baroda Pioneer Asset Management Company Ltd.) G - 101 Ground Floor, SKI High Building, 11/05, Park Road, Hazaratganj, Lucknow-226001 Phone: +91 0522- 43514564 * currently not an ISC Bangalore Baroda Asset Management India Limited (Formerly known as Baroda Pioneer Asset Management Company Limited) Raheja Arcade, No. 1/1, Commercial Permises No. 246, 2 nd Floor, Koramangala Industrial layout, Hosur Road, Bangalore - 560 095. Phone: +91 080-25521375 Mutual Fund investments are subject to market risks,read all scheme related documents carefully.

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