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Baroda Pioneer Credit Opportunities Fund

Baroda Pioneer Hybrid Fund - Series 1(A 3.01 years / 1100 days close ended hybrid scheme)

2014 - 2015

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ANNUAL REPORT 2014 - 2015

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REPORT OF THE BOARD OF DIRECTORS OF BARODA PIONEER TRUSTEE COMPANY PRIVATE LTD. TO THE UNIT HOLDERS OF THE SCHEMES OF BARODA PIONEER MUTUAL FUND FOR THEYEAR ENDED MARCH 31, 2015

The Board of Directors of Baroda Pioneer Trustee Company Private Limited, trustee to Baroda Pioneer Mutual Fund (“Mutual Fund”),has pleasure in presenting the twenty first Annual Report and the auditedaccounts of the schemes of the Mutual Fund for the year ended March 31, 2015.

OVERVIEW, SCHEMES’ PERFORMANCE, FUTURE OUTLOOK AND OPERATIONS OF THE SCHEMES

OVERVIEW

As on March 31, 2015, the Mutual Fund had15 open ended schemes, 2 close ended schemes and 4 fixed maturity plans. The Average Assets Under Management (“AAUM”) of the Mutual Fund for the yearended March 31, 2015was Rs.7,560.46 crores.

During the year 2014-15, the following schemes were launched / rolled-over :

Sr. No. Name of schemes Type of scheme

1 Baroda Pioneer Credit Opportunities Fund Open ended debt scheme

2 Baroda Pioneer Equity Trigger Fund - Series I Close ended equity scheme

3 Baroda Pioneer Hybrid Fund - Series I Close ended hybrid scheme

4 Baroda Pioneer Fixed Maturity Plan - Series E Close ended debt scheme

5 Baroda Pioneer Fixed Maturity Plan - Series J Close ended debt scheme

SCHEMES’ PERFORMANCE (as on March 31, 2015)

Baroda Pioneer PSU Equity Fund

Plan A Plan B

Compounded Annualised Return Scheme Return (%) Benchmark Return*(%) Scheme Return (%) Benchmark Return*(%)

1 Year 24.14 19.72 25.26 19.72

3 Years 4.35 1.33 - -

5 Years - - - -

Return Since Inception -3.99 -6.85 5.70 0.73

*S&P BSE PSU Index Note: “Since Inception” returns are calculated from the date of allotment, viz. October 04, 2010. The “Returns” shown are for the growth option. Past performance may or may not besustained in future and should not be used as a basis for comparison with other investments.

Baroda Pioneer Infrastructure Fund

Plan A Plan B


1 Year 46.63 24.72 47.38 24.27

3 Years 16.36 8.99 - -

5 Years - - - -

Return Since Inception 4.25 -0.77 20.56 9.58

*CNX Infra Note: “Since Inception” returns are calculated from the date of allotment, viz. June 22, 2010. The “Returns” shown are for the growth option. Past performance may or may not be sustained infuture and should not be used as a basis for comparison with other investments.

Baroda Pioneer Growth Fund

Plan A Plan B

Compounded Annualised Return Scheme Return(%) Benchmark Return*(%) Scheme Return (%) Benchmark Return*(%)

1 Year 42.50 29.14 43.60 29.14

3 Years 20.01 17.87 - -

5 Years 9.85 10.42 - -

Return Since Inception 19.59 17.59 22.93 17.48

*CNX 100 Note: “Since Inception” returns are calculated from the date of allotment, viz. September 12, 2003. The “Returns” shown are for the growth option. Past performance may or may not be sustainedin future and should not be used as a basis for comparison with other investments.

Baroda Pioneer ELSS’96

Plan A Plan B


1 Year 4.83 24.89 44.90 24.89

3 Years 22.16 17.10 - -

5 Years 11.70 9.78 - -


*S&P BSE Sensex Note: “Since Inception” returns are calculated from the date of allotment, viz. March 31, 1996. The “Returns” shown are for the dividend option. Past performance may or may not besustained in future and should not be used as a basis for comparison with other investments.

Baroda Pioneer Balance Fund

Plan A Plan B


1 Year 29.32 22.53 30.80 22.53

3 Years 16.69 14.55 - -

5 Years 10.99 9.74 - -


*CRISIL Balance Fund Index Note: “Since Inception” returns are calculated from the date of allotment, viz. September 12, 2003. The “Returns” shown are for the growth option. Past performance may or maynot be sustained in future and should not be used as a basis for comparison with other investments.

BARODA PIONEER MUTUAL FUND

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Baroda Pioneer Banking & Financial Services Fund

Plan A Plan B


1 Year 42.65 42.89 43.95 42.89

3 Years - - - -

5 Years - - - -


*CNX Bank Index Note: “Since Inception” & FY 12-13 returns are calculated from the date of allotment, viz. June 22, 2012. The “Returns” shown are for the growth option. Past performance may or may notbe sustained in future and should not be used as a basis for comparison with other investments.

Baroda Pioneer Short Term Bond Fund

Plan A Plan B

Compounded Annualised Return Scheme Return % Benchmark Return* Scheme Return % Benchmark Return*

1 Year 9.80 10.33 10.45 10.33

3 Year 9.07 9.40 - -

5 Year - - - -


*CRISIL Short-Term Bond Fund Index, Note: “Since Inception” returns are calculated from the date of allotment, viz. June 30, 2010. The “Returns” shown are for the growth option. Past performance may ormay not be sustained in future and should not be used as a basis for comparison with other investments.

Baroda Pioneer Monthly Income Plan (MIP) Fund(Monthly income is not assured and is subject to availability of distributable surplus)

Plan A Plan B


1 Year 16.26 16.45 17.38 16.45

3 Year 10.80 10.59 - -

5 Year 8.15 8.61 - -


*CRISIL MIP Blended Index, Note: “Since Inception” returns are calculated from the date of allotment, viz. September 08, 2004. The “Returns” shown are for the growth option. Past performance may or maynot be sustained in future and should not be used as a basis for comparison with other investments.

Baroda Pioneer Income Fund

Plan A Plan B


1 Year 14.92 14.59 16.08 14.59

3 Year 9.26 9.32 - -

5 Year 8.93 8.13 - -


*CRISIL Composite Bond Fund Index, Note: “Since Inception” returns are calculated from the date of allotment, viz. March 21, 2002. The “Returns” shown are for the growth option. Past performance may ormay not be sustained in future and should not be used as a basis for comparison with other investments.

Baroda Pioneer Public Sector Undertaking (PSU) Bond Fund

Plan A Plan B


1 Year 9.60 14.59 10.05 14.59

3 Year 9.13 9.32 - -

5 Year 7.94 8.13 - -


*CRISIL Composite Bond Fund Index, Note: “Since Inception” returns are calculated from the date of allotment, viz. December 24, 2009. The “Returns” shown are for the dividend option. Past performance mayor may not be sustained in future and should not be used as a basis for comparison with other investments.

Baroda Pioneer Treasury Advantage Fund

Plan A Plan B


1 Year 9.24 8.98 9.63 8.98

3 Year 9.50 8.89 - -

5 Year 8.96 8.26 - -


*CRISIL Liquid Fund Index, Note: “Since Inception” returns are calculated from the date of allotment, viz. June 24, 2009. The “Returns” shown are for the growth option. Past performance may or may notbe sustained in future and should not be used as a basis for comparison with other investments.

Baroda Pioneer GILT Fund

Plan A Plan B


1 Year 15.83 14.37 17.56 14.37

3 Year 9.90 10.08 - -

5 Year 10.08 8.68 - -


*I-Sec Mi-Bex, Index Note: “Since Inception” returns are calculated from the date of allotment, viz. March 21, 2002. The “Returns” shown are for the growth option. Past performance may or may not besustained in future and should not be used as a basis for comparison with other investments.


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Baroda Pioneer Liquid Fund

Plan A Plan B


1 Year 8.96 8.98 9.07 8.98

3 Year 9.25 8.89 - -

5 Year 8.74 8.26 - -


* CRISIL Liquid Fund Index Note: “Since Inception” returns are calculated from the date of allotment, viz. February 05, 2009. The “Returns” shown are for the growth option. Past performance may or maynot be sustained in future and should not be used as a basis for comparison with other investments.

Baroda Pioneer Dynamic Bond Fund

Plan A Plan B


1 Year 16.29 14.59 17.46 14.59

3 Year - - - -

5 Year - - - -


* CRISIL Composite Bond Fund Index I-Sec Mi-Bex, Index Note: “Since Inception” returns are calculated from the date of allotment, viz. July 02, 2012. The “Returns” shown are for the growth option. Pastperformance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

Baroda Pioneer Fixed Maturity Plans

Name of scheme / Benchmark / Additional benchmark Date of Launch Returns (%) ̂

31/03/14 To 31/03/15 Since Inception

Baroda Pioneer Fixed Maturity Plan - Series E 30-Aug-13 9.49 10.26

CRISIL Short-Term Bond Fund Index 10.33 11.05

CRISIL 10 Year Gilt Index $ 14.57 9.98

Baroda Pioneer Fixed Maturity Plan - Series J 23-Dec-13 9.08 9.27



Baroda Pioneer Fixed Maturity Plan - Series M 10-Mar-14 8.88 9.48



Baroda Pioneer Fixed Maturity Plan - Series N 28-Mar-14 9.01 9.01



^Past performance may or may not be sustained in the future.’Since Inception’ returns areCompounded Annualised Returns. ‘$’ - Additional benchmark as prescribed by SEBI for comparison purposes.

Note : Performance is not shown for schemes not completed one year from the date of allotment upto March 31, 2015. Last working day of March has been considered for computing returns.

ECONOMIC SCENARIO & OUTLOOK

The Indian economy is estimated to have grown by 7.3% for 2014-15. Agriculture grew by mere 0.2%, while manufacturing grew at around 7%. However, the IIP grew less than 3%. On the other hand, the servicesector, continued to perform better.

The fall in international crude oil prices helped in fall in the CPI from over 8.5% last year to 5.17% in March 2015. This was below the target set by RBI. During the year, the RBI reduced the SLR by 150 bps and benchmarkrepo rate by 50 bps due to easing of inflation and weak growth outlook.

The stock markets were concerned about the possible US Fed rate hike following the signs of strengthening of the US economy. However, as the year progressed, the signs of weakness continued and the Fed decisionwas deferred. Flows from the FII were buoyant at USD 40 bn during 2014-15.

As regards Mutual Fund Industry, the growth in AUM for March 2015 quarter over March 2014 quarter was 31%. The average AUM under equity funds in the Industry grew by 78% between the March 2015 & March2014 (for those quarters). The stock market optimism led to investors returning to equity funds, which was evidenced by the increase in the number of folios in the Industry. The flows from B15 towns and cities grewsteadily and their contribution to overall AUM was 19% (as of May end 2015).

The Union Budget for 2015-16 has focused on investment driven growth by increasing public expenditure on infrastructure especially roads and railways. From the macroeconomic stability perspective, while theIndian economy has been witnessing lower inflation, lower current account deficit, momentum in reforms, the growth in FY16 may be moderate given the uncertainties pertaining to deficit monsoon, geopolitical risksaround the oil prices, the impact of rupee volatility & the likely US fed rate hike. The Indian economy is expected to grow by over 7% during 2015-16.

FUTURE OUTLOOK AND OPERATIONS

The share of B15 towns and cities in the AUM has been growing steadily and we expect the trend to continue in 2015-16, given the increase in interest from these centres to invest in mutual funds. If the equity marketsremain buoyant, we could see sharp increase in number of folios from these centres. For us, B15 cities and towns continue to be a focus area, apart from increasing our coverage through more distribution partnersand delivering better risk-adjusted returns. Further, as digital medium continues to gain ground in investment world, we recognise its significance and will enhance our deliverables through technology-based solutions.

Our focus to increase retail participation and penetration remains an integral part of our growth strategy. We intend to grow our presence in the Bank of Baroda network and get more retail investors in the mutual fundfold. Initiatives are underway to grow and develop our presence through the network of IFAs, large national and regional distributors and domestic private banks. This will help create more awareness of our products,performance and services and thus provide value to our investors. Our endeavour is to be comparable with the best in the industry.

BRIEF BACKGROUND OF THE SPONSORS, TRUST/MUTUAL FUND, TRUSTEE COMPANY AND AMC

SPONSORS

(A) PIONEER GLOBAL ASSET MANAGEMENT S.p.A. (“PIONEER”)

Pioneer is the asset management division of the UniCredit Group, one of Europe’s leading banking groups. A wholly owned subsidiary of Unicredit and a multi-discipline investment management firm, Pioneeroffers a complete range of traditional, institutional and alternative investment services. Pioneer operates in markets through its trademark, “Pioneer Investments”.As of end March 2015, Pioneerhadits presencein28 countries, an experienced team of approximately 2,030 employees globally, including nearly 360 investment professionals, and assets under management totalling €225billion.


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(B) BANK OF BARODA (“BOB”)

BOB, a Body Corporate constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, with its Head office at Mandvi, Baroda, and Central Office at Baroda Corporate Centre,Bandra-Kurla Complex, Bandra (East), Mumbai, is the sponsor of the Mutual Fund. BOB has contributed a sum of Rupees Ten Lakh towards the establishment of the Mutual Fund’s trust.

BOB is one of the premier public sector banks of India and has a track record of uninterrupted profits since its inception in 1908. The financial strength of BOB is drawn substantially from the extensive reachof its 5,203 strong branch network as on March 31, 2015. BOB is also one of the few Indian banks with a formidable presence overseas with approximately104branchesas on March 31, 2015.

THE MUTUALFUND/TRUST

TheMutual Fund has been constituted as a trust (established by BOB) in accordance with the provisions of the Indian Trusts Act, 1882, by the execution of trust deed dated October 30, 1992, and is registered withSEBI under Registration No. MF/018/94/2, dated November 21, 1994.

When Pioneer acquired 51% of the shareholding of BOB Asset Management Company Limited,now known as Baroda Pioneer Asset Management Company Ltd. (“AMC”)in June 2008,Pioneer became the co-sponsorof the Mutual Fund.

THE AMC

The AMC is a public limited company, which was incorporated under the Companies Act, 1956 on November 5, 1992 under the name, BOB Asset Management Company Limited. It was appointed as the assetmanagement company of the Mutual Fund by the erstwhile Board of Trustees vide Investment Management Agreement (“IMA”) dated November 24, 1992, and was a wholly owned subsidiary of BOB. On June 27,2008, Pioneer acquired a 51% shareholding in the AMC. Subsequently, the name of the AMC was changed to Baroda Pioneer Asset Management Company Limited and a fresh certificate of incorporation was issuedby the Registrar of Companies, Mumbai, Maharashtra, on July 8, 2008.

The AMC’s registered office is situated at 501, Titanium, 5th Floor, Western Express Highway, Goregaon (E), Mumbai - 400 063. In compliance of the requirement of the SEBI (Mutual Funds) Regulations, 1996 (“SEBIMF Regulations”) 50% of the Directors of the AMC are independent and the remaining are nominated by the sponsors of the Mutual Fund.

The AMC also provides non-binding investment advice to Pioneer Investment Management Limited for investment in the Indian equity market by SEBI registered FII sub-accounts. SEBI has given its NOC to the AMCvide letter no. OW/20656/2011 dated June 29, 2011. There is no conflict of interest between this activity and the mutual fund business.

INVESTMENT OBJECTIVES OF AND BASIS AND POLICY OF INVESTMENT UNDERLYING THE SCHEMES

(A) INVESTMENT OBJECTIVES

Sr. No. Name and nature of Scheme / Fund Manager Investment Objective

1 Baroda Pioneer Monthly Income Plan (MIP) Fund* The Scheme aims to generate regular income through investment in debt and money market instruments and also to generate long-(an open ended income scheme with no assured returns)* term capital appreciation by investing a portion in equity and equity related instruments.Monthly income is not assured and is subject toavailability of distributable surplus. - Ms. Hetal Shah

2 Baroda Pioneer Income Fund The Scheme aims to generate regular income by investing in a portfolio of good quality fixed income securities by maintaining a(an open ended income fund) - Ms. Hetal Shah balance between risk & return.

3 Baroda Pioneer Public Sector Undertaking (PSU) Bond Fund The Scheme aims to generate stable returns with lower risk by investing in Fixed Income instruments of Public Sector Undertakings(an open ended debt scheme) - Mr. Alok Sahoo & Ms. Hetal Shah (PSUs) - banks, financial institutions & companies.

4 Baroda Pioneer Treasury Advantage Fund The Scheme aims to provide optimal returns and liquidity through a portfolio comprising of debt and money market instruments(an open ended debt scheme) - Mr. Alok Sahoo & Ms. Hetal Shah

5 Baroda Pioneer GILT Fund The Scheme aims to generate income by investing in a portfolio of government securities.(an open ended gilt scheme) - Ms. Hetal Shah

6 Baroda Pioneer Short Term Bond Fund The Scheme aims to generate income from a portfolio constituted of short term debt and money market securities.(an open ended income scheme) - Mr. Alok Sahoo & Ms. Hetal Shah

7 Baroda Pioneer Liquid Fund The Scheme aims to generate income with a high level of liquidity by investing in a portfolio of money market and debt securities.(an open ended liquid fund) - Mr. Alok Sahoo & Ms. Hetal Shah

8 Baroda Pioneer Dynamic Bond Fund The primary investment objective of the Scheme is to generate returns with liquidity by managing the portfolio dynamically through(an open ended income scheme) - Mr. Alok Sahoo & Ms. Hetal Shah interest rate cycles.

9 Baroda Pioneer PSU Equity Fund The primary investment objective of the Scheme is to provide investors with opportunities for long-term growth in capital along with(an open ended equity scheme) - Mr. Dipak Acharya the liquidity of an open ended scheme through an active management of investments in a diversified basket of equity stocks of

domestic Public Sector Undertakings.

10 Baroda Pioneer Infrastructure Fund The primary investment objective of the Scheme is to generate long term capital appreciation by investing predominantly in equity and(an open ended equity scheme) - Mr. Dipak Acharya equity-related securities of companies engaged in infrastructure and infrastructure related sectors.

11 Baroda Pioneer Growth Fund The Scheme aims to generate long term capital appreciation from an actively managed portfolio of equity and equity related instruments.(an open ended growth scheme) - Mr. Dipak Acharya

12 Baroda Pioneer ELSS’96 The Scheme aims to provide the investor long term capital growth as also tax benefit under Section 80C of the Income Tax Act, 1961.(an open ended tax benefit-cum-growth scheme) - Mr. Dipak Acharya

13 Baroda Pioneer Balance Fund The Scheme is targeted for long-term capital appreciation along with stability through a well balance portfolio comprising of equity,(an open ended balanced scheme) - Mr. Dipak Acharya equity related instruments, money market instruments and debt securities.

14 Baroda Pioneer Banking and Financial Services Fund The primary investment objective of the Scheme is to generate long-term capital appreciation for unit holders from a portfolio invested(an open ended sectoral scheme) - Mr. Dipak Acharya predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector.

15 Baroda Pioneer Credit Opportunities Fund The primary objective of the scheme is to generate returns by investing in debt and money market instruments across the credit(an open ended debt scheme) - Mr. Alok Sahoo & Ms. Hetal Shah spectrum.

16 Baroda Pioneer Equity Trigger Fund – Series I The investment objective of the scheme is to provide capital appreciation by investing in a well-diversified portfolio of equity and equity(an closed ended equity scheme) - Mr. Dipak Acharya related securities predominantly of mid-cap and small cap companies.

17 Baroda Pioneer Hybrid Fund – Series I The investment objective of the scheme is to generate income by investing in fixed income securities maturing on or before the date(an closed ended Hybrid scheme) of the maturity of the scheme and to generate capital appreciation by investing in investing in equity and equity related instruments.Mr. Alok Sahoo & Mr. Dipak Acharya

18 Baroda Pioneer Fixed Maturity Plans The investment objective of each Scheme is to generate returns by investing in a portfolio comprising of Debt Instruments and Money(series of close ended debt schemes) Market Instruments maturing on or before the maturity of the Scheme.Mr. Alok Sahoo & Ms. Hetal Shah

(B) BASIS AND POLICY OF INVESTMENT UNDERLYING THE SCHEMES

The key factors of the investment strategy for the income/debt schemes are identifying attractive opportunities on the basis of Government policies, economic development, monetary policy, researchreport and overall economic conditions and development. Selection of the issuer/companies for investment exposure is based on financial parameters such as fundamentals of business, quality ofmanagement, turnover, financial strength of the company and the key earning-drivers, i.e., net worth, interest coverage ratio, profitability track record and the liquidity of the securities/instruments.


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The AMC emphasises on well managed companies, with above average growth prospects, whose securities can be purchased at a good yield and whose debt securities are investment-grade, asrated by a recognised credit rating agency like CRISIL, ICRA, CARE etc. Investment in sovereign papers is based on the interest rate expectations arising out of macroeconomic analysis.

Baroda Pioneer MIP Fund (Monthly income is not assured and is subject to availability of distributable surplus) intends to generate regular income through investment in debt and money market instrumentsand also to generate long-term capital appreciation by investing a portion in equity instruments. The fund largely invests in debt and marginally in equity stocks. Investments in debt & money market instrumentsprovide guaranteed returns at a steady rate over a period. Potential of higher returns from equity is balanced with lower volatility from debt investments.

Baroda Pioneer Income Fund is a fixed income fund that invests entirely in fixed income instruments of various maturity profiles. The objective is to earn returns in the form of interest income and capitalgains, commensurate with the current view on the markets and the call on the interest rate cycle. The scheme aims to generate stable returns with lower credit risk by investing in instruments with relativelyhigher liquidity bonds and actively trade on duration depending on interest rate scenario. The fund would keep the modified duration in the range of 4-6 years and trade on across asset class, ratings and maturities.Liquidity of the fund would be managed by allocation to short term money market instruments. The fund would have lower credit risk with more allocation to AAA and A1+ or equivalent debt instruments.

The primary investment strategy for Baroda Pioneer Public Sector Undertaking (PSU) Bond Fund is to invest predominantly in debt securities issued by domestic public sector undertakings. The rationalfor investment in such debt securities is to minimize the credit risk or counterparty default risk as debt instruments issued by public sector undertakings are generally considered to be of the better credit qualityand safety for timely servicing of debt obligations. Apart from the above, the Scheme invests in companies based on various criteria including sound professional management, track record, industry scenario,growth prospects, liquidity of the securities, etc.

The portfolio of Baroda Pioneer Treasury Advantage Fund is constructed and actively managed to generate returns to match the investment objective and to maintain adequate liquidity to accommodatefunds movement. As the interest rate risk of the portfolio is likely to be similar to that of the shorter end of the maturity spectrum, in line with the investment objective, a significant proportion of the total returnsare likely to be in the form of income yield or accrual. Selective capital appreciation opportunities are explored by extending credit and duration exposure above that offered by a cash fund. The fund managementteam takes an active view of the interest rate movement, to include various parameters of the Indian economy, as well as developments in global markets. Investment views/decisions are of individual exposuresand analysis of macro economic factors to estimate the direction of interest rates and level of liquidity and will be taken, inter alia, on the basis of parameters such as the prevailing interest rate scenario, returnsoffered relative to alternative investment opportunities, quality of the security / instrument (including the financial health of the issuer), maturity profile of the instrument, liquidity of the security and any other factorconsidered relevant in the opinion of the fund management team.

Baroda Pioneer Gilt Fund invests in Government securities only, with the exception of investments in money market instruments, reverse repos etc.

Baroda Pioneer Short Term Bond Fund is a fixed income fund that invests entirely in fixed income instruments and Government Securities having residual maturity up to three years. The objective is toearn returns in the form of interest income and capital gains, commensurate with the current view on the markets and the call on the interest rate cycle and compression of credit spread. The fund would keepthe modified duration in the range of 1-2 years and trade on across asset class, ratings and maturities upto 3 years. Liquidity of the fund would be managed by allocation to short term money market instruments.The fund would have lower credit risk with more allocation to AAA and A1+ or equivalent debt instruments. Short term Bond Fund could run average maturity upto three years.

Baroda Pioneer Liquid Fund is an ultra-short term income fund that invests entirely in fixed income instruments of less than 91 days maturity. The objective is to generate income with a high level of liquidityby investing in a portfolio of money market and debt securities. Average maturity would be maintained in the range of 1-2.5 months with maximum exposure to liquid money market papers. The scheme hasminimum 75% allocation to money market paper. The fund would follow investment strategy that will attempt to minimize liquidity, interest rate and credit risk.

Baroda Pioneer Dynamic Bond Fund is a fixed income fund that invests entirely in fixed income instruments across various maturity profiles. The objective is to earn returns in the form of interest incomeand capital gains, commensurate with the current view on the markets and the call on the interest rate cycle. By virtue of its mandate, the scheme could run duration risk across the spectrum viz. it could spanfrom that of a liquid fund to an income/gilt fund. With changing interest rates, investors’ returns may differ in different categories of fixed income funds. Therefore, the fund manager, depending on the interestrates view, has the flexibility to allocate the funds in any fixed income instrument and endeavour to provide yields in line with the current market scenario. The investment strategy would revolve around structuringthe portfolio so as to capture positive price movements and minimise the impact of adverse price movements and to optimise returns for the investors by designing a portfolio which will dynamically track interestrate movements in the short term by reducing duration in a rising rate environment while increasing duration in a falling interest rate environment.

Baroda Pioneer Credit Opportunities Fund shall make investments in a portfolio consisting of money market and debt instruments, government securities and treasury bills. The fund management teamwould formulate a view on the credit quality, interest rate movement etc., by monitoring parameters linked to corporate performance, economy as well as developments in the global markets. The Scheme mayassume moderately higher credit risk as compared to a scheme investing predominantly in AAA bonds / sovereign securities. The portfolio will be constructed in line with the benchmark and it would beendeavoured to actively manage the portfolio so that it is similar to various attributes of benchmark like average maturity, duration etc.

Baroda Pioneer Hybrid Fund – Series I

Fixed Income: The Scheme would follow a passive investment strategy where the fund manager, after careful consideration of market dynamics and credit rating, would deploy at least 65% of the corpus intothose instruments. The fund manager may at his discretion invest in unrated fixed income securities up to 5% of the net assets of the Scheme.

Equity: The Scheme may invest in equity and / or index options / futures upto 30% of its corpus. The equity portion may be comprised of stocks which are selected using GARP methodology i.e. Growth atReasonable Price. The fund manager will combine bottom-up approach with market dynamics and then select stocks. The Scheme may invest in equity derivatives, specifically index options which wouldreplicate the performance of Nifty / Sensex. In such situations, the maturity profile of Nifty / Sensex options would always be lesser than the Scheme’s maturity.

Baroda Pioneer Infrastructure Fund is a thematic fund and its portfolio is intended to be broad and includes all those sectors that contribute to infrastructure development.

The portfolio of Baroda Pioneer PSU Equity Fund is intended to be specific to PSUs. PSUs have a significant role to play in the Indian economy. From widespread businesses like banking, telecom, engineeringetc. to high priority & strategic areas like oil, gas, energy etc., PSUs cover a reasonably wide range of sectors/industries. The key factors of the investment strategy for Baroda Pioneer Infrastructure Fund andBaroda Pioneer PSU Equity Fund are :

a) Identifying attractive opportunities on the basis of Government policies toward the industries involved in the infrastructure sectors/in which Public Sector Undertakings exist, research report and overalleconomic conditions and spending by the Government in the development of the infrastructure sectors and companies/industries in which Public Sector Undertakings exist.

b) Emphasis on stock selection - The stock selection takes into consideration fundamentals of the business, market capitalisation, industry structure, quality of management, sensitivity to economic factors,financial strength of the company and the key earning-drivers.

c) Top-down and Bottom-up approach: Sector weightage and stock selection within the sector. Top-down economic and market research provides a strategic direction for our sector allocation. Once it is decidedwhich sector is preferred and how overweight/underweight the Scheme should be on those sectors, the focus is on bottom-up stock selection to build up those weights.

d) The portfolio is sufficiently diversified by investing in a number of companies without any restriction of market capitalization across a number of identified industries in the infrastructure sectors/PSU sectors,so as to reduce the risk of a concentrated portfolio.

In respect of Baroda Pioneer Growth Fund, Baroda Pioneer ELSS ‘96 and Baroda Pioneer Balance Fund, the portfolio is sufficiently diversified as to reduce the risk of underperformance due tounexpected security specific factors. The key factors forming the basis of investment by the scheme are (i) identifying attractive opportunities on the basis of Government policies, research report and overalleconomic conditions, (ii) factors like fundamentals of the business, market capitalisation industry structure, quality of management etc. and (iii) sector weightage and stock selection within the sector. In addition,Baroda Pioneer Balance Fund also invests in debt and money market instruments of above average growth prospects, whose securities can be purchased at a good yield and are listed as investment gradeby a recognised credit rating agency like CRISIL, ICRA, CARE etc.

Baroda Pioneer Banking & Financial Services Fund is a sectorial Fund and it intends to focus on opportunities in the banking and financial services sector. The scheme intends to have a balanced portfolioof large and mid-size stocks in the Banking and Financial Services Sector.

Baroda Pioneer Equity Trigger Fund – Series I is a close ended equity scheme which will invest predominantly in mid and small cap companies. The fund manager will combine the top -down and bottom-up approach. The fund manager willendeavor to build an optimally diversified portfolio to mitigate liquidity and concentration risks. The fund manager will alsoconsider stocks that are trading at attractive valuationsin relation to earnings or book value or current and/or futuredividends and are available at attractive prices.

Baroda Pioneer Fixed Maturity Plans are series of the close-ended schemeswhich generate returns by investing in a portfolio comprising of debt instruments and money market instruments maturing on orbefore the maturity of the schemes.

SIGNIFICANT ACCOUNTING POLICIES

Accounting Policies are in accordance with the SEBI MF Regulations. The significant accounting policies are annexed to the accounts of the scheme(s).


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UNCLAIMED DIVIDEND & REDEMPTIONS

Investors are requested to reconcile their bank account statements with the account statements sent by the Mutual Fund and contact the AMC in case of any non-receipt of dividend/redemption proceeds. Westrongly advise investors to regularly check their account statements of the Mutual Fund and verify whether any redemptions or dividends have either not been received by them or not encashed. Investors canapproach any of the AMC offices or Investor Service Centres in this regard.

The total unclaimed dividend and redemptions as on March 31, 2015 were Rs. 2,832,763.33 and Rs. 1,729,598.58 respectively.

Summary of unclaimed dividend andredemptionsdata scheme wise as at March 31, 2015 is as under:

Scheme Name Unclaimed Dividends (Rs.) Unclaimed Redemptions (Rs.)

Baroda Pioneer Balance Fund 31,000.00 15,175.66

Baroda Pioneer Banking & Financial Services Fund 4,273.26 91,108.97

Baroda Pioneer ELSS’ 96 Fund 2,781,866.00 -

Baroda Pioneer GILT Fund - 64,956.84

Baroda Pioneer Growth Fund 15,624.07 1,084,659.74

Baroda Pioneer Income Fund - 152,549.06

Baroda Pioneer Infrastructure Fund - 143,404.25

Baroda Pioneer MIP Fund - 12,431.03

Baroda Pioneer PSU Equity Fund - 150,588.48

Baroda Pioneer Short Term Bond Fund - 14,724.55

Grand Total 2,832,763.33 1,729,598.58

REDRESSAL OF INVESTOR COMPLAINTS

Details of investor complaints received during the financial year ended March 31, 2015 in respect of the Mutual Fund are provided under Annexure - I and forms part of this Trustee Report.

DISCLOSURE ON VOTING POLICY AND ACTUAL VOTING RIGHTS EXERCISED BY THE MUTUAL FUND IN GENERAL MEETINGS HELD DURING THE FINANCIAL YEAR ENDED MARCH 31, 2015

The Mutual Fund has framed a general voting policy and procedures for exercising the voting rights in respect of shares held by the schemes of the Mutual Fund. The Board of Directors of the Trustee Companyhas adopted the Voting Policy and the same is enclosed as Annexure - II.

Further, in terms of the SEBI circular no. SEBI/ IMD/ CIR No.18/198647/ 2010 dated March 15, 2010 as amended by SEBI circular no. CIR/IMD/DF/05/2014 dated March 24, 2014, details of the actual exerciseof the proxy votes in the AGMs/EGMs of the investee companies of the Mutual Fund during the financial year ended March 31, 2015 along with a summary of the votes cast across all the investee companiesand its break-up in terms of total number of votes cast in favour, against or abstained from, is annexed as Annexure - III.

The unit holders may take note that in terms of the SEBI Circular No. CIR/IMD/DF/05/2014 dated March 24, 2014, M/s. M. P. Chitale & Co., Chartered Accountants, have certified the voting reports being disclosedby the AMC and the certification dated July 20, 2015 issued by M/s. M. P. Chitale is enclosed as Annexure - IV.

The Voting Policy and disclosure of proxy votes are also displayed on the website of the Mutual Fund viz. www.barodapioneer.in

STATUTORY INFORMATION

a) The Sponsors are not responsible or liable for any loss resulting from the operation of the Schemes of the Fund beyond their initial contribution (to the extent contributed) of Rs. Ten lacs for setting up the Fund,and such other accretions / additions to the same. The AMC and the Sponsor of the Mutual Fund will be liable to compensate the affected investors and/or the scheme for any unfair treatment to any investoras a result of inappropriate valuation.

b) The price and redemption value of the units, and income from them, can go up as well as down with fluctuations in the market value of its underlying investments.

c) Full Annual Report shall be disclosed on the website (www.barodapioneer.in) and shall be available for inspection at the Head Office of the Fund. Present and prospective unit holders can obtain a copy of thetrust deed and the full Annual Report of the Fund / AMC upon request.

ACKNOWLEDGEMENT

The Trustee is grateful to the unit holders for reposing faith and confidence in the Mutual Fund. The Board of Directors of the Trustee Company expresses gratitude to the Securities and Exchange Board of India,Association of Mutual Funds in India, Reserve Bank of India, Auditors, Registrars, Custodians, Bankers, Agents and Brokers for their continued support, advice and co-operation.

Last but not the least, the Board of Directors of Trustee Company places on record its appreciation for the services rendered by the Directors and staff of the AMC in managing the affairs of the Mutual Fund.

For and on behalf of the Board of Directors ofBaroda Pioneer Trustee Company Private Ltd.

R. L. BaxiChairman

Place : MumbaiDate : 29 July, 2015

Mutual fund investments are subject to market risks,read all scheme related documents carefully.


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REDRESSAL OF INVESTOR COMPLAINTS

Redressal of complaints received against Baroda Pioneer Mutual Fund during 2014-15 :

Name ofMutual Baroda Pioneer Mutual Fund Action on (a) and (b)FundNo ofFoliosas on 169,31631.03.2015

Complaint Type of (a) No. of (b) No of Resolved Non PendingCode complaint complaints pending complaints Actionable*

at the beginning received during Within 30-60 60-180 Beyond 0-3 3-6 6-9 9-12of the year the year 30 days days days 180 days months months months months

IA Non receipt of 0 1 1 0 0 0 0 0 0 0 0Dividend on Units

IB Interest on delayed 0 0 0 0 0 0 0 0 0 0 0payment of Dividend

IC Non receipt of 0 5 4 0 0 0 0 1 0 0 0Redemption Proceeds

ID Interest on delayed 0 0 0 0 0 0 0 0 0 0 0payment of Redemption

IIA Non receipt of 0 0 0 0 0 0 0 0 0 0 0Statement of Account/Unit Certificate

IIB Discrepancy in 0 0 0 0 0 0 0 0 0 0 0Statement of Account

IIC Non receipt of Annual 0 0 0 0 0 0 0 0 0 0 0Report/Abridged Summary

IIIA Wrong switch between 0 1 1 0 0 0 0 0 0 0 0Schemes

IIIB Unauthorized switch 0 0 0 0 0 0 0 0 0 0 0between Schemes

IIIC Deviation from Scheme 0 2 2 0 0 0 0 0 0 0 0attributes

IIID Wrong or excess 0 2 2 0 0 0 0 0 0 0 0charges/load

IIIE Non updation of 0 37 37 0 0 0 0 0 0 0 0changes viz. address, PAN,bank details, nomination, etc.

IV Others 0 8 8 0 0 0 0 0 0 0 0

TOTAL 0 56 55 0 0 0 0 1 0 0 0

# including against its authorized persons/ distributors/ employees. etc.

* Non actionable means the complaint that are incomplete / outside the scope of the Mutual Fund


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ANNEXURE - II

PROXY VOTING POLICY

1. Overview

As per the SEBI circular, SEBI/IMD/CIR No.18/198647/2010, dated March 15, 2010, on the role of mutual funds in the Corporate Governance of listed companies, AMCs shall disclose their general policies andprocedures for exercising the voting rights in respect of shares held by them on their website as well as in the annual report distributed to the unit holders under the schemes of the mutual fund run by them.

Further, AMCs are also required to disclose on their website as well as in the annual report distributed to the unit holders under the schemes of the mutual fund run by them, the actual exercise of their proxyvotes in the Annual General Meetings (“AGM”) / Extraordinary General Meetings (“EGM”) of the investee companies in respect of the following matters:

• Corporate governance matters, including changes in the state of incorporation, merger and other corporate restructuring, and anti takeover provisions.

• Changes to capital structure, including increases and decreases of capital and preferred stock issuances.

• Stock option plans and other management compensation issues;

• Social and corporate responsibility issues.

• Appointment and Removal of Directors.

Any other issue that may affect the interest of the shareholders in general and interest of the unit-holders in particular.

This Policy has been drafted keeping in mind the aforesaid SEBI guidelines and also guiding principles from the corresponding policy of Pioneer Global Asset Management SpA (“Pioneer”). Accordingly, BarodaPioneer Asset Management Company Limited (“AMC”) owes each of its client’s duties of care and loyalty with respect to proxy voting. The AMC’s sole concern in voting, either at annual or extraordinary generalmeetings, is the promotion of investors’ best interest aimed to increase f their portfolio value.

• To satisfy its duty of loyalty, the AMC must, in all instances, cast the proxy votes in a manner consistent with the best interest of its investors and must place the investor’s interests ahead of its own, bearingin mind, where applicable, the objectives and strategies of the schemes of Fund. Special consideration should be given to issues relating to Ethic Funds. It is advisable to vote all proxies presented ina timely manner.

• This Policy is designed to complement the AMC’s investment policies and procedures regarding its general responsibility to monitor the performance and/or corporate events of companies that are issuersof securities held in schemes managed by the AMC. This Policy summarizes the AMC’s position on a number of issues solicited by underlying held companies. The indications given in Annex A(Administrative) are best practice principles that provide a general non-binding indication on how to achieve the best interests of investors, but do not include all potential voting scenarios.

• The overall system of global compliance policies doesn’t create any legal obligation towards the AMC, which remains autonomous and exercises voting rights at its discretion.

• This Policy has been drafted interpreting the spirit of the corresponding Pioneer guidelines which detail monitoring of voting, exception votes, and review of conflicts of interest and ensure that case-by-case votes are handled within the best interest of investors.

2. Proxy Voting Policies

The foremost concern of the AMC in voting proxies is the economic effect of the proposal on the value of portfolio holdings, considering both the short and long term impact. To this end, the consistency of thevote shall be also evaluated on the basis of a cost-benefit analysis, duly considering the economic costs that the voting procedure generates against its marginal weight on the overall vote. Should the analysisoutline a negative cost-benefit ratio, a non-voting decision could be considered, duly supported by explanatory documentation. In many instances, the AMC believes that supporting the company’s strategy andvoting “for” management proposals help build portfolio value. In other cases, however, proposals set forth by the management may have a negative effect on that value, while some shareholder proposals mayhold the best prospects for enhancing it. The AMC will monitor developments in the proxy voting arena and will revise this policy as and when needed. The AMCwill try to actively participate and vote, directlyor through proxy voting services, all proxies in all managed funds, at least for all publicly traded companies.

The Board of Directors of the Trustee Company of the Fund has authorised the AMC to participate and exercise voting rights in respect of shares held by the schemes of the Fund. The AMC may appoint anyof its senior executives or any other person or company or entities to exercise voting rights in respect of the shares held by the schemes of the Fund, as per the instructions issued by the AMC. The AMC may,as mentioned earlier, also use the services of a proxy voting services agency to exercise voting rights, on such terms and conditions as the Proxy voting co-ordination group deems fit and in terms of all applicableguidelines and/or dictates of SEBI in this behalf.

To this end, the AMC has established Proxy voting procedures for identifying and reviewing conflicts of interest that may arise in the voting of proxies.

3. The Impact of the United Nations Principles for Responsible Investment (UNPRI)

In 2009 Pioneer Global Asset Management SpA (“Pioneer”) became signatories of the United Nations Principles for Responsible Investment (PRI). These principles are a voluntary framework for incorporatingenvironmental, social and governance (ESG) issues into mainstream investment decision-making and ownership practices. They are not prescriptive but instead provide possible actions that investors can take.

Pioneer believes that introducing environmental, social and corporate governance considerations in its business decisions is essential in order to create value for its shareholders and to develope a moresustainable long term strategy for its portfolio companies.

To this purpose, Pioneer has introduced a new annex (Annex B) in their Proxy Voting Policy, developed in order to render Pioneer’s voting strategy more closed to the principles agreed.

The voting indications contained in Annex B are based, as always, on the best market practices and they are not intended to bind the AMC.

4. General Guiding Principles for Exercise of Votes

In deciding whether to vote for or against a proposal or to abstain from voting on the proposal, the AMC will be guided by the following fundamental principles. Where the information that the AMC has or is ableto gather on the proposal is insufficient and/or not meaningful enough to arrive at a decision, the AMC will abstain from voting on that proposal. Where the AMC has adequate and meaningful information regardinga proposal that, the AMC believes, would stand the test of being regarded as adequate and meaningful for an entity not associated with the company concerned to arrive at a decision, the AMC will exerciseits vote on such proposal. Such vote may be for or against the proposal, and this decision will be guided by the facts of the proposal, in particular, the reason(s), explicit or otherwise, necessitating the proposal,as is/are available to the AMC, and the consequences that the AMC believes the implementation of the proposal will have from the perspective of impact on the schemes and, therefore, unit holders of the Fund.

5. Proxy Voting Procedures

5.1 Proxy Voting Service

The AMC may engage, through specific written agreements, independent proxy voting services to assist in the voting of proxies. The proxy voting service will work with custodians to ensure that all proxymaterials are received by the custodians and are processed in a timely manner. Proxy voting services must vote all proxies in accordance with the proxy voting policies established by the AMC. Proxyvoting services will refer proxy questions to the Proxy Co-ordinator, nominated among the members of the AMC’s Proxy Voting Oversight Group, for instructions under circumstances where: (1) theapplication of the proxy voting guidelines is unclear; (2) a particular proxy question is not covered by the guidelines; or (3) the guidelines call for specific instructions on a case-by-case basis. Proxy votingservices are also requested to call to the Proxy Coordinator’s attention specific proxy questions that, while governed by a guideline, appear to involve unusual or controversial issues.

5.2 Strategic Companies

Also for Companies where Pioneer’s funds have a ‘strategic’ interest, the AMC, where not in contrast with the provisions on conflict of interests, could apply its standard Proxy Voting Policies, makinguse, where possible, of automatic systems provided by third parties (independent Proxy Voting Services), to the extent applicable.

The list of Companies where Pioneer funds have a ‘strategic’ interest will be agreed between Pioneer CIO and Pioneer Global Compliance and will be delivered quarterly by Pioneer’s Global Complianceto the Compliance Officer of the AMC, who in turn will inform, the Proxy Voting Oversight Group. Such list will also be delivered quarterly to the Independent Directors during the meetings, to be held everythree months, reporting on the Investment activities (and on potential Conflict of Interest situations), to the extent applicable to and relevant in India.

In particular, the following Annual General Meetings (“AGM”) Policy for Strategic Companies shall be complied with, to the extent applicable:

• to abstain from voting for the Companies controlled directly and indirectly by UniCredit;

• for the other strategic Companies – participated by UniCredit or participating in UniCredit capital to vote via independent Proxy Voting Services, if available, according to PGAM proxy voting policywithout any pre-notification. The details of the strategic companies’ AGM are then reported to the Independent Directors on a quarterly basis during their meeting;


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• for all AGMs to which Pioneer participates trough Assogestioni’s initiatives (only for the agenda items related to the appointments of the members of the Board of Directors and internal statutory Auditors),to report to the Independent Directors on a quarterly basis during their meeting, without any pre-notification. However Investments consults with the Global CIO as a member of the AssogestioniCorporate Governance Committee. In particular cases, due the sensitivity of the Strategic Companies and the agenda items, Investments may consult with the Global CIO and PGAM ComplianceOfficer in advance;

• for all the other companies (non-strategic) to vote according to the Policy and through independent Proxy Voting Services, if available.

5.3 Proxy Voting Oversight Group

The members of the Proxy Voting Oversight Group are to be decided by the Board of the AMC, but will include members from the Investment/Fund Management team, the Head of Operations (COO) andthe Compliance Officer (CO). Any other members of Pioneer may be invited to attend meetings and otherwise participate as necessary.

The Proxy Voting Oversight Group is responsible for developing, evaluating, and changing (when necessary) the Proxy Voting Policies and Procedures. The group shall meet at least annually to evaluateand review policies and procedures and the services of third-party proxy voting services. In addition, the Proxy Voting Oversight Group will meet as necessary to vote on referral items and address otherbusiness as necessary.

5.4 Proxy Coordinator

Proxy Coordinator, as already said, will be nominated among the members of the Proxy Voting Oversight Group. The Proxy Coordinator will oversee the activities of the Proxy Voting Oversight Group.

This group will be composed of members of the Investment team and the CO, as described in the dedicated chapter, and will be headed, in its works, by the COO. The Proxy Coordinator is responsiblefor ensuring that these questions and referrals are responded to in a timely fashion and for transmitting appropriate voting instructions to the proxy voting service.

5.5 Referral Items

From time to time, the proxy voting service will refer such proxy questions to the Proxy Coordinator as are described by the AMC’s policy to be voted on a case-by-case basis, and are not covered by theAMC’s guidelines or where the guidelines may be unclear with respect to the matter to be voted on. Under such certain circumstances, the Proxy Coordinator will seek a written voting recommendationfrom the relevant analyst(s) or Fund Manager(s). Any such recommendation will include:

(i) the manner in which the proxies should be voted;

(ii) the rationale underlying any such decision; and

(iii)the disclosure of any contacts or communications made between Pioneer and any outside parties concerning the proxy proposal prior to the time that the voting instructions are provided.

In addition, the Proxy Coordinator will ask the Compliance Department to review the question for any actual or apparent conflict of interest as described below under “Conflicts of Interest”. The ComplianceDepartment will provide a “Conflicts of Interest Report,” applying the criteria set forth below under “Conflicts of Interest,” to the Proxy Coordinator summarizing the results of its review. In the absenceof a conflict of interest, the Proxy Coordinator will vote in accordance with the recommendation of the Investment Operations/Investment Control department.

If the matter presents a conflict of interest for Pioneer, then the Proxy Coordinator will refer the matter to the Proxy Voting Oversight Group for a decision and the Independent Directors, possibly before thedecision is taken.

In general, when a conflict of interest is present, the AMC will vote according to the recommendation of the Investment team (only where such recommendation would go against the AMC’s interest or wherethe conflict is deemed to be immaterial). The AMC, after transiting such decision through the Oversight Group, will vote, keeping in mind the recommendations of its proxy voting service when the conflictis deemed to be material and the AMC’s internal vote recommendation would favour the AMC’s interest. When making the final determination as to how to vote a proxy, the Proxy Voting Oversight Groupshould review the report from the Investment team and the Conflicts of Interest Report issued by the Compliance Department.

5.6 Conflicts of Interest

A conflict of interest occurs when the interest of the AMC or any other UniCredit Group affiliated Company interferes with the investor’s interest.

In fact, occasionally, the AMC may have a conflict that can affect how it votes proxies. The conflict may be actual or perceived and may exist when the matter to be voted on concerns:

• An affiliate of the AMC such as another company belonging to the UniCredit Spa banking group or a group company of Bank of Baroda;

• An issuer of a security for which Bank of Baroda, Pioneer or any UCI affiliated Company acts as a sponsor, advisor, manager, custodian, distributor, underwriter, broker, or other similar capacity(including those securities declared in a conflict of interest by the special task force composed of the MD, Investments team (CIO, when hired) and CO – please refer to Conflicts of Interest guidelines);

• A person with whom the AMC (or any affiliate) has an existing, material contract or business relationship that was not entered into in the ordinary course of the AMC’s business.

The AMC will abstain from exercising voting rights when participating in general meetings of companies directly or indirectly owned by UniCredit Group. In any case the AMC’s personnel (and/or proxyvoting services) will have to inform the CO or delegate Compliance in advance and the Independent Directors in case of participation in these general meetings.

Any associate involved in the proxy voting process with knowledge of any apparent or actual conflict of interest must disclose such conflict to the Proxy Coordinator and the Compliance Department. TheCompliance Department will review each item referred to the AMC to determine whether an actual or potential conflict of interest with the AMC exists in connection with the proposal(s) to be voted upon.For each referral item, the determination regarding the presence or absence of any actual or potential conflict of interest will be documented in a Conflicts of Interest Report to the Proxy Coordinator.

5.7 Securities Lending

The AMC shall reserve voting rights and all lent securities, if any, shall be made available to be voted. The Proxy Coordinator will work with the Fund Manager and Investment team to recall the securities.It is excluded that voting rights will be impaired by any security lending program in place affecting the relevant securities, unless the economic costs that the recall procedure generates impair the bestinterests of the clients/subscribers.

5.8 Share Blocking – Does not, for the time being, apply in India.

5.9 Record Keeping

The Proxy Coordinator shall ensure that the AMC’s proxy voting service and also its delegated entities :

• Retain a copy of the proxy statement received (if any);

• Retain a record of the vote cast;

• Prepare any other form as may be required by the local laws or regulations, and

• Is able to promptly provide the AMC with a copy of the voting record upon its request.

The Proxy Coordinator shall ensure that for those votes that may require additional documentation (i.e. conflicts of interest, exception votes and case-by-case votes) the following records are maintained:

• A record memorializing the basis for each referral vote cast;

• A copy of any document created by the AMC that was material in making the decision on how to vote the subject proxy; and

• A copy of any conflict notice, conflict consent or any other written communication (including emails or other electronic communications) to or from the client regarding the subject proxy vote cast by,or the vote recommendation of the AMC.

The AMC shall maintain the above records in the client’s file for a period not less than ten (10) years.

5.10 Disclosure

The AMCs will disclose on its website as well as in the annual report distributed to the unit holders under the schemes of the Fund, the actual exercise of their proxy votes in the AGMs / EGMs of theinvestee companies. The formats are given in Annex C.


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Annex A – Administrative

The matters on which, at an AGM / EGM, voting rights may be exercised in respect of shares held by the schemes of the Fund shall include, but may not necessarily be limited to the following:

• Corporate governance matters, including changes in the state of incorporation, merger and other corporate restructuring, and anti takeover provisions;

• Changes to capital structure, including increases and decreases of capital and preferred stock issuances;

• Stock option plans and other management compensation issues;

• Social and corporate responsibility issues;

• Appointment and Removal of Directors;

• Any other issue that may affect the interest of the shareholders in general and interest of the unit-holders in particular;

In addition, it is advisable to generally support, subject to the General Guiding Principles for Exercise of Votes, the following and similar other management proposals, as applicable :

• Corporate name change.

• Change of corporate headquarters.

• Stock exchange listing.

• Adjournment or postponement of AGM.

• Acceptance / approval of financial statements.

• Approval of dividend payments, dividend reinvestment plans and other dividend-related proposals.

• Approval of minutes and other formalities.

• Authorization of the transferring of reserves and allocation of income.

• Approval of accounting method changes or change in fiscal year-end.

• Acceptance of labour agreements.

• Appointment of internal auditors.

It is advisable to vote on a case-by-case basis on other routine business in accordance with the best practices and also the General Guiding Principles for Exercise of Votes, in order to achieve the best interestof the unit holders of the schemes of the Fund. The AMC may also instruct its custodian and / or proxy voting service, if any, to inform the AMC of its analysis of any administrative items inconsistent, in its view,with supporting the value of the portfolio holdings in the schemes of the Fund so that the AMC may consider and vote on those items on a case-by-case basis.

The following sections list some of the areas where companies seek share holders’ votes and the general approach of the AMC in exercising votes on proposals in those areas, and as mentioned earlier, inexercising votes or abstaining from doing so, the AMC will be guided by the General Guiding Principles for Exercise of Votes.

1. Auditors

In accordance with the best practices and in order to achieve the best interest of investors, it is advisable to normally vote for proposals in respect of the following, to the extent applicable as per the extantlaw in India:

• Ratify the auditors – The AMC will consider voting against the ratification, if the AMC is concerned about the auditors’ independence or their past work for the company concerned. Specifically, itis advisable to oppose the ratification of auditors and withhold votes from audit committee members, if non-audit fees paid by the company to the auditing firm exceed the sum of audit fees plus audit-related fees plus permissible tax fees.

• Restore shareholder rights to ratify the auditors.

• Prohibit auditors from engaging in non-audit services for the company.

It is advisable to also, to the extent applicable as per the extant law in India, normally oppose proposals that require companies to:

• Seek bids from other auditors.

• Rotate auditing firms only for opportunistic reasons and / or for convenience.

• Indemnify auditors.

2. Board of Directors

On issues related to the board of directors of companies, it is advisable to normally support the management. It is advisable to, however, consider a vote against the management in instances where corporateperformance has been very poor or where the board appears to lack independence.

2.1 General Board Issues

In accordance with the best practices and in order to achieve the best interest of investors and to the extent applicable as per the extant law in India it is advisable to vote for the following:

• Audit, compensation and nominating committees composed by a large majority of independent directors.

• Indemnification for directors for actions taken in good faith in accordance with the business judgment rule. It is advisable to vote against proposals for broader indemnification.

• Changes in board size that appear to have a legitimate business purpose and are not primarily for anti-takeover reasons.

• Election of an honorary director.

It is advisable to vote against the following, to the extent applicable:

• Minimum stock ownership by directors.

• Term limits for directors. Companies benefit from experienced directors and shareholder control is better achieved through annual votes.

• Requirements for union or special interest representation on the board.

• Requirements to provide two candidates for each board seat.

It is advisable to voteon a case-by-case basis on the following issues, to the extent applicable in accordance with the extant law in India:

• Separate chairman and CEO positions. It is advisable to vote with shareholders on these issues in case of poor performance.

2.2 Election of Directors

In uncontested elections of directors, it is advisable to voteagainst the following:

• Individual directors with absenteeism above 25% without a valid reason. It is advisable to support proposals that require disclosure of director attendance.

• Insider / Associate directors and affiliated outsiders who sit on the audit, compensation, stock option or nominating committees, as applicable. For the purposes of this policy, the definition of Insider/ Associate directors, as provided in the extant laws and regulations applicable in India or as provided by the custodian and / or proxy voting services, if any, shall be acceptable.


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It is advisable to consider voting against:

• Directors who have failed to act on a takeover offer where the majority of shareholders have tendered their shares.

• Directors who appear to lack independence or are associated with very poor corporate performance.

It is advisable to consider voting, on a case-by-case basis, on the following issues:

• Re-election of Directors who have implemented or renewed a dead-hand or modified dead-hand poison pill (a “dead-hand poison pill” is a shareholder rights plan that may be altered only by incumbentor “dead “ directors. These plans prevent a potential acquirer from disabling a poison pill by obtaining control of the board through a proxy vote).

• Contested election of directors.

• Supporting the election of a majority of independent directors in case of poor performances.

• Mandatory retirement policies.

• Directors who have ignored a shareholder proposal that has been approved by shareholders for two consecutive years.

2.3 Takeover Related Measures

The AMC is generally opposed to proposals that may discourage takeover attempts. The AMC believes that the potential for a takeover helps ensure that corporate performance remains high.

It is advisable to vote for the following, to the extent applicable:

• Cumulative voting.

• Increased ability for shareholders to call special meetings.

• Increased ability for shareholders to act by written consent.

• Restrictions on the ability to make greenmail payments.

• Submitting rights plans to shareholder vote.

• Rescinding shareholder rights plans (“poison pills”).

• Opting out of the following stake takeover statutes, to the extent and if applicable as per the extant law in India:

Control share acquisition statutes, which deny large holders voting rights on holdings over a specified threshold.

Control share cash-out provisions, which require large holders to acquire shares from other holders.

Freeze-out provisions, which impose a waiting period on large holders before they can attempt to gain control.

Stakeholder laws, which permit directors to consider interests of non-shareholder constituencies.

Disgorgement provisions, which require acquirers to disgorge profits on purchases made before gaining control.

Fair price provisions.

Labour protection provisions.

Authorization of shareholder rights plans.

Mandatory classified boards.

It is advisable to vote on a case-by-case basis on the following issues, to the extent applicable as per the extant law in India:

• Fair price provisions. It is advisable to vote against provisions requiring any form of supermajority votes to approve takeovers. It is also advisable to also consider voting against proposals that requireany super qualified majority votes to repeal or amend the provision. Finally, the AMC will consider the mechanism used to determine the fair price; the AMC is generally opposed to complicated formulasor requirements to pay a premium.

• Opting out of stake takeover statutes regarding fair price provisions. It is advisable to use the criteria used for fair price provisions in general to determine its vote on this issue.

• Proposals that allow shareholders to nominate directors.

It is advisable to consider voting against the following, to the extent applicable as per the extant law in India:

• Classified boards.

• Limiting shareholder ability to remove or appoint directors. It is advisable to support proposals to restore shareholder authority in this area. It is advisable to review, on a case-by-case basis, proposalswhich authorize the board to make interim appointments.

• Classes of shares with unequal voting rights.

• Super qualified majority vote requirements.

• Severance packages. It is advisable to support proposals to put these packages to shareholder vote.

• Reimbursement of dissident proxy solicitation expenses. While the AMC will ordinarily support measures that encourage takeover bids, the AMC believes that the management should have full controlover corporate funds.

• Extension of advance notice requirements for shareholder proposals.

• Granting board authority normally retained by shareholders.

• Plans for rights issues/ Shareholder rights plans (“poison pills”) – These plans generally allow shareholders to buy additional shares at a below-market price in the event of a change in control andmay deter some bids.

3. Capital Structure

Managements need considerable flexibility in determining the company’s financial structure, and the AMC normally supports managements’ proposals in this area. It is advisable to, however, reject proposalsthat impose high barriers to potential takeovers.

It is advisable to consider voting for the following, to the extent applicable as per the extant law in India:

• Changes in par value.

• Reverse splits (Reduction in authorised share capital), if accompanied by a reduction in number of shares.

• Shares repurchase / buy-back programs, if all shareholders may participate on equal terms.

• Bond / Debenture issuance.

• Cancellation of company treasury shares.

• Increases in “ordinary” preference shares.

• Proposals to have blank-check common stock placements (other than shares issued in the normal course of business) submitted for shareholder approval.


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• Reverse splits (Reduction in authorised share capital) which is not accompanied by a reduction in the number of shares, considering the risk of delisting.

• Increase in authorized share capital. It is advisable to make a determination considering, among other factors:

• Number of shares currently available for issuance;

• Size of requested increase (It is advisable to approve increases of up to 100% of current authorization);

• Proposed use of the additional shares; and

• Potential consequences of a failure to increase the number of shares outstanding (e.g., delisting or bankruptcy).

• Blank-check preferred. It is advisable to normally oppose issuance of a new class of blank-check preferred, but may approve an increase in a class already outstanding if the company has demonstratedthat it uses this flexibility appropriately.

• Proposals to submit private placements to shareholder vote.

• Other financing plans.

It is advisable to vote against pre-emptive rights that it believes will limit a company’s financing flexibility.

4. Compensation

It is advisable to support compensation plans that link pay to shareholder returns, and believes that the management has the best understanding of the level of compensation needed to attract and retain qualifiedpeople. At the same time, stock-related compensation plans have a significant economic impact and a direct effect on the balance sheet. Therefore, while the AMC does not want to micromanage a company’scompensation program, it will place limits on the potential dilution these plans may impose.

It is advisable to vote for the following, to the extent applicable as per the extant law in India:

• Voluntary contribution pension plans.

• Employee Stock Options (ESOPs), as long as the shares allocated to ESOPs are less than 5% of the outstanding shares. Larger blocks of stock in ESOPs can serve as a takeover defence. It is advisableto support proposals to submit ESOPs to shareholder vote.

• Various issues related to the specific provisions of law, including:

Amendments to performance plans;

Caps on annual grants or amendments of administrative features;

Adding performance goals; and

Cash or cash-and-stock bonus plans.

• Establishing a process to link pay, including stock-option grants, to performance, leaving the specifics of implementation to the company concerned.

• Requiring that option re-pricing be submitted to shareholders.

• Requiring the expensing of stock-option awards.

• Requiring reporting of executive retirement benefits (e.g. deferred compensation, split-dollar life insurance, pension benefits and others as may be referred by law).

• ESOPs, where the purchase price is equal to at least 85% of the market price, where the offering period is no greater than 27 months and where potential dilution (as defined below) is no greater than 10%.

• Stock options plans or any plan linked to share distribution if short period performances and / or holdings are not particularly rewarded.


• It is advisable to be in favor of proposals that increase participation beyond executives.

• All other employee stock purchase plans.

• All other compensation-related proposals, including deferred compensation plans, employment agreements, loan guarantee programs and retirement plans.

• All other proposals regarding stock compensation plans, including extending the life of a plan, changing vesting restrictions, re-pricing options, lengthening exercise periods or accelerating distributionof awards and pyramiding and cashless exercise programs.

• Limits on executive and director pay.

• Stock in lieu of cash compensation for directors.

• Pension for non-employee directors (The AMC believes that these retirement plans reduce directors’ objectivity).

• Elimination of stock option plans.

It is advisable to vote on a case-by-case basis with reference to executive and director stock-related compensation plans:

• generally supporting proposals asking companies to adopt rigorous vesting provisions for stock option plans such as those that vest incrementally over, at least, a three- or four-year period with a pro rataportion of the shares becoming exercisable on an annual basis following grant date.

• strongly supporting proposals asking companies to disclose their window period policies for stock transactions. Window period policies ensure that employees do not exercise options based on insiderinformation contemporaneous with quarterly earnings releases and other material corporate announcements.

• generally supporting proposals asking companies to adopt stock holding periods for their executives.

• generally in favor of proposals that increase participation beyond executives.

Please also consider the following factors when reviewing these plans:

• The program must be of a reasonable size. Please consider the approval of plans where the combined employee and director plans together would generate less than 15% dilution. Please consider therejection of plans with 15% or more potential dilution.

Dilution = (A + B + C) / (A + B + C + D), where

A = Shares reserved for plan/amendment,

B = Shares available under continuing plans,

C = Shares granted but unexercised and

D = Shares outstanding.

• The plan should not explicitly permit unlimited option re-pricing authority or that have re-priced in the past without shareholder approval.

5. Corporate Governance

It is advisable to vote for the following, to the extent applicable as per the extant law in India:

• Confidential Voting.


13

• Equal access provisions, which allow shareholders to contribute their opinion to proxy materials.

• Proposals requiring Directors to disclose their ownership of corporate securities.

It is advisable to vote on a case-by-case basis on the following issues, to the extent applicable as per the extant law in India::

• Change in the state of incorporation. It is advisable to support re-incorporations supported by valid business reasons. It is advisable tooppose those that appear to be solely for the purpose of strengtheningtakeover defenses.

• Bundled proposals. It is advisable to evaluate the overall impact of the proposal.

• Adopting of or amending the memorandum and / or articles of association.

• Shareholder appraisal rights, which allow shareholders to demand judicial review of an acquisition price.

It is advisable to consider voting against:

• Shareholder advisory committees. While the management should solicit shareholder input, the AMC prefers to leave the method of doing so to the discretion of the management.

• Limitations on stock ownership or voting rights.

• Reduction in share ownership disclosure guidelines.

6. Mergers and Restructuring

It is advisable to vote on the following and similar issues on a case-by-case basis, to the extent applicable:

• Mergers and acquisitions.

• Corporate restructuring, including spin-off (where a company “splits off” sections of itself as a separate business), liquidation, asset sale, joint venture, conversion to holding company and conversionsto self-managed REIT structure.

• Debt restructuring.

• Conversion of securities.

• Issuance of shares to facilitate a merger.

• Private placements, warrants, convertible debentures.

• Proposals requiring management to inform shareholders of merger opportunities.

It is advisable to normally vote against shareholder proposals requiring that the company be put up for sale.

7. Mutual Funds

Some of the schemes of the Fund may invest in the shares of mutual funds or exchange traded funds.

The non-corporate structure of these investments raises several unique proxy voting issues. Therefore, It is advisable to vote for the following, to the extent applicable:

• Establishment of new classes or series of shares.

• Establishment of a master-feeder structure.

It is advisable to vote for the following, to the extent applicable, on a case-by-case basis:

• Changes in fundamental attributes, such as investment objective, asset allocation pattern, liquidity provisions, listing, increase in fees and expenses etc. and / or any other matter that may adversely affectthe interests of unit holders of the scheme concerned.

• Approval of new or amended advisory contracts.

• Change from a close-end to an open-end scheme.

• Disposition of assets, termination, liquidation, winding up of scheme etc.

8. Investments in Group Companies of the AMC and Companies that have Subscribed to the Units of the Schemes of the Fund

Investment by the schemes of the Fund in the group companies of the AMC as well as in companies that have subscribed to the units of the schemes of the Fund will be strictly in compliance of the requirementsof the SEBI (Mutual Funds) Regulations, 1996, as amended from time to time. The AMC will adopt the same governance measures in respect of voting on proposals of such companies as it follows in respectof proposals of other companies which are not associated, in any manner whatsoever, with the AMC. The AMC will ensure, while voting on proposals of such companies, that it makes the best efforts to avoidany situation of conflict of interest, and in the event of encountering a situation of conflict of interest, the AMC will ensure that it is resolved in the best interest of the unit holders of the schemes of the Fund.The AMC will also be guided by its Conflicts of Interest Policy in managing and resolving such situations; provided, however, that the resolution will always be in the best interest of the unit holders of the schemesof the Fund.

Annex B – Social and Environmental Issues

It is advisable tosupport shareholders’ social, workforce and environmental proposals that create good corporate citizens and improve the company’s public image.

It is advisable toabstain on proposals calling for greater disclosure of corporate activities with regard to social issues. “Social issues” may generally be described as shareholders’ proposals for a company to:

• Conduct studies regarding certain issues of public concern and interests;

• Study the feasibility of the company taking certain actions with regard to such issues or

• Take specific actions, including ceasing certain behavior and adopting company standards and principles in relation to issues of public concern and interest

It is advisable tovote against proposals calling for radical and drastic changes in the company’s business or activity. Please also consider voting against proposals with regard to contributions, believing thatmanagement should control the routine disbursement of funds.

It is advisable to vote for:

• Board Diversity: proposals asking the board to take additional measures to ensure that more women and minorities are considered for nomination, or otherwise commit to a policy of board inclusiveness;

• Equal employment opportunities;

• Human Rights: proposals asking companies to adopt codes of conduct addressing global labor and human rights practices, to establish credible monitoring programs and to publicly report on these efforts;

• Tobacco Sales restrictions on children;

• Investing in clean / renewable energy: proposals seeking the preparation of a report on a company‘s activities related the development of renewable energy sources;


14

Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)

AGENDA POLICY POLICY VOTE INDICATIONSITEM PROVISION POSITION

Diversity and Equality Add Women and Minorities to Board Vote for shareholder proposals that ask the company to take steps to nominate more VOTE FORwomen and racial minorities to the board.

Vote for shareholder proposals asking for reports on board diversity. VOTE FOR

Vote for shareholder proposals asking companies to adopt nomination charters or amend existing VOTE FORcharters to include reasonable language addressing diversity.

Report on the Distribution of Vote case by case shareholder proposals asking companies to report on the distribution of stock REFERStock Options by Gender and Race options by race and gender of the recipient.

Prepare Report/Promote EEOC- Vote for shareholder proposals that ask the company to report on its diversity and/or affirmative VOTE FORRelated Activities action programs.

Vote for shareholder proposals calling for legal and regulatory compliance and public reporting VOTE FORrelated to non-discrimination, affirmative action, workplace health and safety, and labour policiesand practices that effect long-term corporate performance.

Vote for shareholder proposals requesting non-discrimination in salary, wages and all benefits. VOTE FOR

Vote for shareholder proposals calling for action on equal employment opportunity and antidiscrimination. VOTE FOR

Report on Progress Toward Glass Vote for shareholder proposals that ask the company to report on its progress against the Glass Ceiling VOTE FORCeiling Commission Commission‘s recommendations.Recommendations

Prohibit Discrimination on the Basis of Vote for shareholder proposals seeking to eliminate the “glass ceiling” for women and minority employees. VOTE FOR

Sexual Orientation or Gender Identity Vote for shareholder proposals to include language in EEO statements specifically barring discrimination VOTE FORon the basis of sexual orientation or gender identity.

Vote for shareholder proposals seeking reports on a company‘s initiatives to create a workplace free ofdiscrimination on the basis of sexual orientation or gender identity. VOTE FOR

Vote against shareholder proposals that seek to eliminate protection already afforded to gay and VOTE AGAINSTlesbian employees.

Report on/Eliminate Use of Racial Vote case by case shareholder proposals seeking more careful consideration of using racial REFERStereotypes in Advertising stereotypes in advertising campaigns, including preparation of a report on this issue.

Labor and Human Rights Codes of Conduct and Vendor Vote for shareholder proposals to implement human rights standards and workplace codes of conduct. VOTE FORStandards

Vote for shareholder proposals calling for the implementation and reporting on ILO codes of conduct, NOT APPLICABLESA 8000 Standards, or the Global Sullivan Principles.

Vote for shareholder proposals that call for the adoption of principles or codes of conduct relating to VOTE FORcompany investments in countries with patterns of human rights abuses (e.g. Northern Ireland, Burma,former Soviet Union, and China).

Vote for shareholder proposals that call for independent monitoring programs in conjunction with local VOTE FORand respected religious and human rights groups to monitor supplier and licensee compliance with codes.

Vote for shareholder proposals that seek publication of a “Code of Conduct” to the company‘s foreign VOTE FORsuppliers and licensees, requiring they satisfy all applicable standards and laws protecting employees‘wages, benefits, working conditions, freedom of association, and other rights.

Vote for shareholder proposals seeking reports on, or the adoption of, vendor standards including: VOTE FORreporting on incentives to encourage suppliers to raise standards rather than terminate contracts andproviding public disclosure of contract supplier reviews on a regular basis.

Vote for shareholder proposals to adopt labour standards for foreign and domestic suppliers to ensure that VOTE FORthe company will not do business with foreign suppliers that manufacture products for sale in the U.S.using forced labour, child labour, or that fail to comply with applicable laws protecting employee‘s wagesand working conditions.

Adopt/Report on MacBride Principles Vote for shareholder proposals to report on or implement the MacBride Principles. VOTE FOR

Community Impact Assessment / Vote for shareholder proposals to prepare reports on a company‘s environmental and health impact VOTE FORIndigenous Peoples’ Rights on communities.

Report on Risks of Outsourcing Vote case by case shareholders proposals asking for companies to report on the risks associated REFERwith outsourcing or off-shoring.

Report on the Impact of Health Vote case by case shareholder proposals asking for companies to report on the impact of pandemics, REFERPandemics on Company Operations such as HIV/AIDS, Malaria, and Tuberculosis, on their business strategies.

Operations in High Risk Markets Reports on Operations in Burma/Myanmar Vote for shareholderproposals to adopt labourstandards in connection withinvolvement in Burma.

Vote for shareholderproposals seeking reports onBurmese operations andreports on costs of continued

i nvolvement in the country.

Vote for shareholderproposals to pull out ofBurma on a case-by-casebasis.

Reports on Operations in China Vote for shareholder proposals requesting more disclosure on a company‘s involvement in China VOTE FOR

Vote on a case-by-base basis shareholder proposals that ask a company to terminate a project REFERor investment in China.

Product Sales to Repressive Regimes Vote case-by-case on shareholder proposals requesting that companies cease product sales to REFERrepressive regimes that can be used to violate human rights.


15

Specific social and environmental proposals – Voting suggestions (To the extent applicable in India) (Contd.,)


Vote for proposals to report on company efforts to reduce the likelihood of product abuses in this manner. VOTE FOR

Internet Privacy and Censorship Vote for resolutions requesting the disclosure and implementation of Internet privacy and censorship VOTE FORpolicies and procedures.

Disclosure on Plant Closings Vote for shareholder proposals seeking greater disclosure on plant closing criteria if the company VOTE FORhas not provided such information.

Environment Environmental/Sustainability Report Vote for shareholder proposals seeking greater disclosure on the company‘s environmental practices,and/or environmental risks and liabilities. VOTE FOR

Vote for shareholder proposals asking companies to report in accordance with the Global VOTE FORReporting Initiative (GRI).

Vote for shareholder proposals to prepare a sustainability report. VOTE FOR

Vote for shareholder proposals to study or implement the CERES principles. VOTE FOR

Vote for shareholder proposals to study or implement the Equator Principles. VOTE FOR

Climate Change/Greenhouse Vote for shareholder proposals seeking disclosure of liabilities or preparation of a report pertainingGas Emissions to global warming and climate change risk. VOTE FOR

Vote for shareholder proposals calling for the reduction of GHG or adoption of GHG goals in products VOTE FORand operations

Vote for shareholder proposals seeking reports on responses to regulatory and public pressures VOTE FORsurrounding climate change, and for disclosure of research that aided in setting company policiesaround climate change.

Vote for shareholder proposals requesting a report on greenhouse gas emissions from company VOTE FORoperations and/or products and operations.

Invest in Clean/Renewable Energy Vote for shareholder proposals seeking the preparation of a report on a company‘s activities related tothe development of renewable energy sources. VOTE FOR

Vote for shareholder proposals seeking increased investment in renewable energy sources unlessthe terms of the resolution are overly restrictive. VOTE FOR

Energy Efficiency Vote for shareholder proposals requesting a report on company energy efficiency policies and/or goals. VOTE FOR

Operations in Protected/ Vote for requests for reports on potential environmental damage as a result of company operationsSensitive Areas in protected regions. VOTE FOR

Vote for shareholder proposals asking companies to prepare a feasibility report or to adopt a policy VOTE FORnot to mine, drill, or log in environmentally sensitive areas.

Vote for shareholder proposals seeking to prohibit or reduce the sale of products manufactured from VOTE FORmaterials extracted from environmentally sensitive areas such as old growth forests.

Phase Out Chlorine-Based Chemicals Vote for shareholder proposals to prepare a report on the phase-out of chlorine bleaching in VOTE FORpaper production.

Vote on a case-by-case basis on shareholder proposals asking companies to cease or phase-out theuse of chlorine bleaching. REFER

Land Procurement and Development Vote Against shareholder proposals requesting that companies report on or adopt policies for land VOTE AGAINSTprocurement and utilize the policies in their decision-making.

Report on the Sustainability of Vote for requests that companies report on the sustainability and the environmental impacts of both VOTE FORConcentrated Area Feeding company-owned and contract livestock operations.Operations (CAFO)

Adopt a Comprehensive Vote for shareholder proposals requesting the preparation of a report on the company‘s recycling efforts. VOTE FORRecycling Policy

Vote for shareholder proposals that ask companies to increase their recycling efforts or to adopt a VOTE FORformal recycling policy.

Facility Safety Vote case by case on shareholder proposals requesting companies report on or implement procedures REFERassociated with their operations and/or facilities on a case-by-case basis.

Nuclear Energy Vote for shareholder proposals seeking the preparation of a report on a company‘s nuclear energy procedures. VOTE FOR

Vote case-by-case on proposals that ask the company to cease the production of nuclear power. REFER

Water Use Vote for shareholder proposals seeking the preparation of a report on a company‘s risks linked to water use. VOTE FOR

Kyoto Protocol Compliance Vote for shareholder proposals asking companies to review and report on how companies will meet VOTE FORGHG reduction targets of the Kyoto-compliant countries in which they operate.

Health and Safety Toxic Materials Vote for shareholder proposals asking companies to report on policies and activities to ensure product safety. VOTE FOR

Vote for shareholder proposals asking companies to disclose annual expenditures relating to thepromotion and/or environmental clean-up of toxins. VOTE FOR

Vote for shareholder proposals asking companies to report on the feasibility of removing, or substituting VOTE FORwith safer alternatives, all “harmful” ingredients used in company products.

Product Safety Generally vote for proposals requesting the company to report on or adopt consumer product safety VOTE FORpolicies and initiatives.

Generally vote for proposals requesting the study, adoption and/or implementation of consumer product VOTE FORsafety programs in the company’s supply chain.

Report on Handgun Safety Initiatives Vote for shareholder proposals asking the company to report on its efforts to promote handgun safety. VOTE FOR

Vote against shareholder proposals asking the company to stop the sale of handguns and accessories. VOTE AGAINST

Phase-out or Label Products Containing Vote for shareholder proposals to label products that contain genetically engineered products or products VOTE FORGenetically Engineered Ingredients from cloned animals.

Vote for shareholder proposals that ask the company to phase out the use of genetically engineered VOTE FORingredients in their products.Vote for shareholder proposals that ask the company to report on the use of genetically engineered VOTE FORorganisms in their products.Vote for shareholder proposals asking for reports on the financial, legal, and operational risks posed VOTE FORby the use of genetically engineered organisms.


16

Specific social and environmental proposals – Voting suggestions (To the extent applicable in India) (Contd.,)


Tobacco-related Proposals Vote against shareholder proposals seeking to limit the sale of tobacco products to children. VOTE AGAINSTVote against shareholder proposals asking producers of tobacco product components (such as filters, VOTE AGAINSTadhesives, flavourings, and paper products) to halt sales to tobacco companies.Vote against shareholder proposals that ask restaurants to adopt smoke-free policies and that ask tobacco VOTE AGAINSTcompanies to support smoke-free legislation.Vote case by case on shareholder proposals seeking a report on a tobacco company‘s advertising approach. REFERVote against shareholder proposals at insurance companies to cease investment in tobacco companies. VOTE AGAINSTVote case by case on proposals at producers of cigarette components calling for a report outlining therisks and potential liabilities of the production of these components. REFERVote against proposals calling for tobacco companies to cease the production of tobacco products. VOTE AGAINSTVote case by case on shareholder proposals asking companies to stop all advertising, marketing and saleof cigarettes using the terms “light,” “ultra-light,” “mild,” and other similar words and/or colours. REFERVote against shareholder proposals asking companies to increase health warnings on cigarettesmoking. (i.e.: information for pregnant women, “Canadian Style” warnings, filter safety). VOTE AGAINST

Adopt Policy/Report on Drug Pricing Vote case by case on shareholder proposals to prepare a report on drug pricing. REFERVote against shareholder proposals to adopt a formal policy on drug pricing. VOTE AGAINSTVote case by case on shareholder proposals that call on companies to develop a policy to provideaffordable HIV, AIDS, TB and Malaria drugs in third-world nations. REFERVote for proposals asking for reports on the economic effects and legal risks of limitingpharmaceutical products to Canada or certain wholesalers. VOTE FORVote against proposals requesting that companies adopt policies not to constrain prescription drugre-importation by limiting supplies to foreign markets. VOTE AGAINST

Healthcare Reform and Disclosure Vote against shareholder proposals requesting companies to endorse or adopt IOM –based healthcarereform principles. VOTE AGAINSTVote case by case on shareholder proposals requesting a report on the implications of rising healthcare costs. REFER

Ride Safety Vote case by case on shareholder proposals to report on ride safety. REFERGovernment and Military Prepare Report to Renounce Future Vote against shareholder proposals seeking a report on the renouncement of future landmine production. VOTE AGAINST

Landmine ProductionPrepare Report on Foreign Military Sales Vote against shareholder proposals to report on foreign military sales or offset agreements. VOTE AGAINST

Vote against proposals that call for outright restrictions on foreign military sales. VOTE AGAINSTDepleted Uranium/Nuclear Weapons Vote for shareholder proposals requesting a report on involvement, policies, and procedures related to

depleted uranium (DU) and nuclear weapons. VOTE FORAdopt Ethical Criteria for Weapons Vote case by case on shareholder proposals asking companies to review and amend, if necessary, the REFERContracts company‘s code of conduct and statements of ethical criteria for military production-related contract bids,

awards and execution.Animal Welfare Animal Rights/Testing Vote against shareholder proposals that seek to limit unnecessary animal testing where alternative testing

methods are feasible or not barred by law. VOTE AGAINSTVote for shareholder proposals that ask companies to adopt or/and report on company animal welfare standards. VOTE FORVote for shareholder proposals asking companies to report on the operational costs and liabilities VOTE FORassociated with selling animals.Vote against shareholder proposals to eliminate cruel product testing methods. VOTE AGAINSTVote against shareholder proposals that seek to monitor, limit, report, or eliminate outsourcing animaltesting to overseas laboratories. VOTE AGAINSTVote case by case shareholder proposals to publicly adopt or adhere to an animal welfare policy at both REFERcompany and contracted laboratory levels.Vote against shareholder proposals to evaluate, adopt or require suppliers to adopt CAK and/orCAS slaughter methods. VOTE AGAINST

Political and Charitable Lobbying Efforts Vote case by case shareholder proposals asking companies to review and report on how companies REFERGiving utilize lobbying efforts to challenge scientific research and governmental legislation.

Non-Partisanship/ Political Vote case by case proposals calling for a company to disclose its political and trade associationContributions contributions, unless the terms of the proposal are unduly restrictive. REFER

Vote against proposals calling for a company to maintain a policy of non-partisanship and to limitpolitical contributions. VOTE AGAINSTVote against proposals calling for a company to refrain from making any political contributions. VOTE AGAINST

Control over Charitable Contributions Vote against shareholder proposals giving criteria for requiring shareholder ratification of grants. VOTE AGAINSTVote against shareholder proposals requesting that companies prohibit charitable contributions. VOTE AGAINST

Disclosure on Prior Government Vote against shareholder proposals calling for the disclosure of prior government service of theService company‘s key executives. VOTE AGAINST

Consumer Lending and Adopt Policy/Report on Predatory Vote case by case on shareholder proposals seeking the development of a policy or preparation of aEconomic Development Lending Practices report to guard against predatory lending practices. REFER

Disclosure on Credit in Developing Vote case by case on shareholder proposals asking for disclosure on lending practices in developingCountries (LDCs) or Forgive LDC Debt countries, unless the company has demonstrated a clear proactive record on the issue. REFER

Vote against shareholder proposals asking banks to forgive loans outright. VOTE AGAINSTVote case-by-case on shareholder proposals asking for loan forgiveness at banks that have failed tomake reasonable provisions for non-performing loans. REFERVote case by case on proposals to restructure and extend the terms of non-performing loans. REFER

Community Investing Vote for proposals that seek a policy review or report addressing the company‘s community investing efforts. VOTE FORMiscellaneous Adult Entertainment Vote case by case on shareholder proposals that seek a review of the company‘s involvement with pornography. REFER

Abortion/Right to Life Issues Vote case by case on shareholder proposals that address right to life issues. REFERCoffee Crisis Vote case by case on shareholder proposals asking for reports on company policies related to the coffee crisis. REFERAnti-Social Proposals Vote case by case on shareholder proposals that do not seek to ultimately advance the goals of the REFER

social investment community.Vote case-by-case on anti-social shareholder proposals seeking a review or report on the company’scharitable contributions. REFER

Violence and Adult Themes in Vote case by case on shareholder proposals asking for reports on company policies related to theVideo Games sale of mature-rated video games to children and teens. REFER


17

(i) Revised format for disclosure of vote cast by Mutual Funds - during an individual quarter

Annex C – Formats

Quarter

Company Name Type of meetings(AGM/EGM)

Proposal byManagement or

Shareholder

Proposal’sdescription

Investee company'sManagement

Recommendation

Vote(For/ Against/ Abstain)

Reason supporting thevote decision

(ii) Revised format for disclosure of voting by Mutual Funds/AMCs during a financial year

Details of Votes cast during the quarter ended __, of the Financial year __-__

Details of Votes cast during the Financial year __-__

Company Name Type of meetings(AGM/EGM)

Proposal byManagement or

Shareholder

Proposal'sdescription

Investee company’sManagement

Recommendation

Vote (For/ Against/Abstain)

Reason supportingthe vote decision

Meeting Date

(iii) Format of providing the summary of proxy votes cast by Mutual Funds/AMCs across all the investee companies

Summary of Votes cast during the F.Y. ___-___

Meeting Date

F.Y. Quarter Total no. of resolutions Break-up of Vote decision

For Against Abstained

ANNEXURE – III

SUMMARY OF VOTES CAST BY BARODA PIONEER MUTUAL FUND DURING FY 2014-15

F.Y. Quarter Total no. of resolutions Break-up of Vote decision

For Against Abstained

2014-15 Apr-Jun, 2014 175 122 5 48

2014-15 Jul-Sep, 2014 530 189 5 336

2014-15 Oct-Dec, 2014 65 8 - 57

2014-15 Jan-Mar, 2015 94 21 - 73

TOTAL 864 340 10 514


18

Apr-Jun, 2014 30-Apr-2014 Honeywell Automation India Ltd AGM M Re-Appointment of Mr M N For For Attended All BoardBhagwat as Director Meetings

Apr-Jun, 2014 30-Apr-2014 Honeywell Automation India Ltd AGM M Adoption of Accounts For For Normal Business

Apr-Jun, 2014 30-Apr-2014 Honeywell Automation India Ltd AGM M Declaration of Dividend For For Normal Business

Apr-Jun, 2014 30-Apr-2014 Honeywell Automation India Ltd AGM M Appointment of Auditors & For For Normal BusinessFix Their Remuneration

Apr-Jun, 2014 30-Apr-2014 Honeywell Automation India Ltd AGM M Appointment of Mr Vikas For Abstain Not Much InformationChadha as Director Available

Apr-Jun, 2014 30-Apr-2014 Honeywell Automation India Ltd AGM M Appointment of Mr Vikas For Abstain Not Much InformationChadha as Managing Director AvailableEffective 01.01.2014

Apr-Jun, 2014 30-Apr-2014 Honeywell Automation India Ltd AGM M Re-Appointment of Mr Norman For For Promoter Of The Company.Gilsdorf as Director Attended 2 out of 4 Board

Meetingsheld

Apr-Jun, 2014 3-May-2014 Divis Lab PB M Re-appointment of group For Abstain Not Much Informationcaptain (retd) l Ramesh Babau, Availableto hold or continue to holdoffice or place of profit aschief information officer andvp-procurement with effectfrom 15.4.2014.

Apr-Jun, 2014 6-May-2014 Gujarat Pipavav Port Ltd AGM M Re-Appointment of Mr Pravin For For Attended All BoardLahiri, Ias (Retired) as director meetings

Apr-Jun, 2014 6-May-2014 Gujarat Pipavav Port Ltd AGM M Re-Appointment of Mr Pradeep For For Attended All BoardMalLICk as director meetings

Apr-Jun, 2014 6-May-2014 Gujarat Pipavav Port Ltd AGM M Re-Appointment of Mr Prakash For For Attended All BoardTulsiani As Managing meetingsDirector And Approve HisRemuneration

Apr-Jun, 2014 6-May-2014 Gujarat Pipavav Port Ltd AGM M Re-Appointment of Mr Harnik For For Attended All BoardLundgaard Pedersen As meetings Held During HisDirector Tenure

Apr-Jun, 2014 6-May-2014 Gujarat Pipavav Port Ltd AGM M Adoption of Accounts For For Normal business

Apr-Jun, 2014 6-May-2014 Gujarat Pipavav Port Ltd AGM M Re-Appointment of M/S BSR For For Normal business& Associates LLP,Chartered AccountantsAs Auditors

Apr-Jun, 2014 6-May-2014 Gujarat Pipavav Port Ltd AGM M Appointment of Mr Jan For Abstain Not much informationDamgaard Sorensen as availabledirector

Apr-Jun, 2014 6-May-2014 Gujarat Pipavav Port Ltd AGM M Appointment of Ms Hina Shah For Abstain Not Much Informationas director Available

Apr-Jun, 2014 6-May-2014 Gujarat Pipavav Port Ltd AGM M Appointment of Mr A K For Abstain Not Much InformationRakesh, IAS as director Available

Apr-Jun, 2014 16-May-14 Tata Steel Crt M Scheme of amalgamation For Abstain Could Not Vote Due Tobetween Tata Steel Ltd And Technical ReasonsTata Metaliks Di Pipes Ltd

Apr-Jun, 2014 21-May-14 Bata India AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Apr-Jun, 2014 21-May-14 Bata India AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Apr-Jun, 2014 21-May-14 Bata India AGM M To appoint a director in placeof Mr. Jorge Carbajal, who For Abstain Could not vote due toretires by rotation and being technical reasonseligible, offers himself forreappointment

Apr-Jun, 2014 21-May-14 Bata India AGM M To appoint a director in place For Abstain Could not vote due toof Mr. Akshay Chudasama, technical reasonswho retires by rotation andbeing eligible, offers himselffor re-appointment

Apr-Jun, 2014 21-May-14 Bata India AGM M To Appoint Messrs. S. R. For Abstain Could not vote due toBatliboi & Co. Llp, Chartered technical reasonsAccountants (RegistrationNo.: 301003e) as auditorsand to fix their remuneration

Apr-Jun, 2014 5-Jun-2014 Bosch Ltd AGM M Appointment of Mr Bernhard For For Attended 75% meetingsSteinruecke as independentdirector for 5 yearsfrom 1.4.2014

DETAILS OF VOTES CAST BY BARODA PIONEER MUTUAL FUND DURING FY 2014-15

Quarter Meeting Company Type Of Proposal By Proposal’s Investee Vote (For/ ReasonDate Name Meetings Management (M) Description Company’s Against/ Supporting

(AGM / EGM) O r Management Abstain) The VoteShareholder (S) Recommendation Decision


19

Apr-Jun, 2014 5-Jun-2014 Bosch Ltd AGM M Re-Appointment of Mr V K For For Attended more than 75%Viswanathan as a director meetings

Apr-Jun, 2014 5-Jun-2014 Bosch Ltd AGM M Appointment of Mr Prasad For For Attended more than 75%Chandran as independent meetingsdirector for 5 yearsfrom 1.4.2014

Apr-Jun, 2014 5-Jun-2014 Bosch Ltd AGM M Appointment of Mr Bhaskar For For Attended more than 75%Bhat as independent director meetingsfor 5 years from 1.4.2014

Apr-Jun, 2014 5-Jun-2014 Bosch Ltd AGM M Appointment of Mr Peter For Against Did not attend anyTyroller as director meetings

Apr-Jun, 2014 5-Jun-2014 Bosch Ltd AGM M Vary the terms and conditions For Against Past information notof appointment including availableremuneration payable toMr Franz Hauber

Apr-Jun, 2014 5-Jun-2014 Bosch Ltd AGM M Appointment of Mrs Renu S For Abstain Proper information notKarnad as independent availabledirector for 5 yearsfrom 1.4.2014

Apr-Jun, 2014 5-Jun-2014 Bosch Ltd AGM M Adoption of accounts For For Regular course of business

Apr-Jun, 2014 5-Jun-2014 Bosch Ltd AGM M Declaration of dividend For For Regular course of business

Apr-Jun, 2014 5-Jun-2014 Bosch Ltd AGM M Appointment of M/S Price For For Regular course of businessWaterhouse &Co Bangalore,Chartered Accountants asauditors

Apr-Jun, 2014 7-Jun-14 PVR PB M To borrow upto Rs 1,500 crore For Abstain Could not vote due totechnical reasons

Apr-Jun, 2014 7-Jun-14 PVR PB M To mortgage &/or charge the For Abstain Could not vote due toassets of the company technical reasons

Apr-Jun, 2014 7-Jun-14 PVR PB M To make offer(s) or invitation(s) For Abstain Could not vote due tofor subscription of non- technical reasonsconvertible debentures for anamount not exceeding Rs 250crore on private placement

Apr-Jun, 2014 9-Jun-2014 Rural Electr.Corporation Ltd PB M To raise funds through private For For Regular course of businessplacement of unsecured/secured nonconvertiblebonds/debentures uptoRs 30,000 crore during thefinancial year 2014-15

Apr-Jun, 2014 9-Jun-2014 Rural Electr.Corporation Ltd PB M Increase in the overall For For Regular course of businessborrowing limit to Rs 2,00,000crore in indian rupees and inany foreign currencyequivalent to USD 6 billion.

Apr-Jun, 2014 9-Jun-2014 Rural Electr.Corporation Ltd PB M Creation of mortgage and / or For For Regular course of businesscharge on all or any of themovable and / or immovableproperties of the company notexceeding Rs 2,00,000 crore(rupees two lakh crore only) inIndian rupees and in anyforeign currency equivalentto USD 6 billion (USD sixbillion only) for the purposeof business of the company

Apr-Jun, 2014 12-Jun-2014 Shree Cement Limited PB M Alternation of articles of For For Regular course of businessassociation of the companyby way of postal ballot.

Apr-Jun, 2014 12-Jun-14 Shree Cements PB M Alternation of articles of For Abstain Could not vote due toassociation of the company technical reasonsby way of postal ballot.

Apr-Jun, 2014 14-Jun-2014 Infosys Limited AGM M Re-Appointment of Mr S For For Attended all boardGopalakrishnan as director meetings

Apr-Jun, 2014 14-Jun-2014 Yes Bank Ltd AGM M Appointment of Mr M R For For Attended all meetings.Srinivasan As Non Executivepart time Chairman for 1 Year

Apr-Jun, 2014 14-Jun-2014 Yes Bank Ltd AGM M Appointment of Lt. Gen. For For Attended more than 75%(Retd.) Mukesh Sabharwal meetingsas independent director for5 years

DETAILS OF VOTES CAST BY BARODA PIONEER MUTUAL FUND DURING FY 2014-15 (Contd., )




20

Apr-Jun, 2014 14-Jun-2014 Yes Bank Ltd AGM M Appointment of Ms Radha For For Attended more than 75%Singh as independent meetingsdirector for 2 years

Apr-Jun, 2014 14-Jun-2014 Yes Bank Ltd - AGM M Appointment of Mr Brahm For For Attended more than 75%Dutt As Independent Director meetingsfor 5 Years

Apr-Jun, 2014 14-Jun-2014 Yes Bank Ltd AGM M Appointment of Mr Ravish For Against Did not attend 75%Chopra as independent meetingsdirector for 5 years

Apr-Jun, 2014 14-Jun-2014 Yes Bank Ltd AGM M Re-appointment of Mr Rana For For Founder promoter of theKapoor as md and CEO bank and under histill 31.8.2015 leadership, the bank has

grown multifolds in last 10years.

Apr-Jun, 2014 14-Jun-2014 Infosys Limited AGM M Adoption of accounts For For Normal business

Apr-Jun, 2014 14-Jun-2014 Infosys Limited AGM M Declaration of dividend of For For Normal businessRs 43 per share and toconfirm the interim dividendof Rs 20 per share

Apr-Jun, 2014 14-Jun-2014 Infosys Limited AGM M Re-appointment of m/s For For Normal businessBSR & CO LLP, charteredaccountants as auditors

Apr-Jun, 2014 14-Jun-2014 Infosys Limited AGM M Retirement of Ann M Fudge, For For Normal businessdirector

Apr-Jun, 2014 14-Jun-2014 Infosys Limited AGM M Appointment of Mr U B Pravin For Abstain Not much informationas director available

Apr-Jun, 2014 14-Jun-2014 Infosys Limited AGM M Appointment of Carol M For Abstain Not much informationBrowner as independent availabledirector

Apr-Jun, 2014 14-Jun-2014 Infosys Limited AGM M Appointment Of Mr Ravi For Abstain Not much informationVenkatesan As Independent availableDirector

Apr-Jun, 2014 14-Jun-2014 Infosys Limited AGM M Contract to sell, lease, For Abstain Not much informationtransfer, assign or otherwise availabledispose of the whole or part ofthe ‘products. Platforms andsolutions’ business andundertaking of the companyto edgeverve systems ltd atan estimated considerationof US$ 80 million

Apr-Jun, 2014 14-Jun-2014 Yes Bank Ltd AGM M Appointment of Mr Saurav For Abstain Not much informationSrivastava as independent availabledirector for 5 years

Apr-Jun, 2014 14-Jun-2014 Yes Bank Ltd AGM M Appointment of Mr Vasat V For Abstain Not much informationGujarathi as independent availabledirector for 5 years

Apr-Jun, 2014 14-Jun-2014 Power Fin Corp Ltd PB M Raisingof resources through For For Regular course of businessprivate placement ofnon-convertible debentures.

Apr-Jun, 2014 14-Jun-2014 Power Fin Corp Ltd PB M Enhancement of the For For Regular course of businessborrowing power for thepurpose of business of thecompany.

Apr-Jun, 2014 14-Jun-2014 Power Fin Corp Ltd PB M Authorization to the board For For Regular course of businessof directors for mortgagingand/or creating charge onthe assets of the companyfor securing borrowings forthe purpose of the company.

Apr-Jun, 2014 14-Jun-2014 Yes Bank Ltd AGM M Adoption of accounts For For Regular course of business

Apr-Jun, 2014 14-Jun-2014 Yes Bank Ltd AGM M Declaration of dividend For For Regular course of business

Apr-Jun, 2014 14-Jun-2014 Yes Bank Ltd AGM M Appointment of M/S S R For For Regular course of businessBatliboi & Co LLP,chartered accountantsas auditors

Apr-Jun, 2014 14-Jun-2014 Yes Bank Ltd AGM M Further issue of securities For For Regular course of businessaggregating to USD 500million or its indian rupeeequivalent.





21

Apr-Jun, 2014 14-Jun-2014 Infosys Limited AGM M Appointment of Mrs Kiran For For She is a well respectedMazumdar-Shaw as name among Indianindependent director corporates

Apr-Jun, 2014 18-Jun-2014 Reliance Industries Ltd AGM M Re-appointment of Mr Nikhil For For Attended all boardR Meswani as director meetings

Apr-Jun, 2014 18-Jun-2014 Reliance Industries Ltd AGM M Re-appointment of Mr Mukesh For For Attended all boardAmbani as managing director meetings

Apr-Jun, 2014 18-Jun-2014 Reliance Industries Ltd AGM M Re-appointment of Mr P M S For For Attended all boardPrasad as wholetime meetingsdirector designated asexecutive director

Apr-Jun, 2014 18-Jun-2014 Reliance Industries Ltd AGM M Adoption of accounts For For Normal business

Apr-Jun, 2014 18-Jun-2014 Reliance Industries Ltd AGM M Declaration of dividend For For Normal business

Apr-Jun, 2014 18-Jun-2014 Reliance Industries Ltd AGM M Appointment of M/S For For Normal businessChaturvedi & Shah,M/S Deloitte Haskins & SellsLLP and M/S Rajendra & Co,Chartered Accountants asauditors

Apr-Jun, 2014 18-Jun-2014 Reliance Industries Ltd AGM M Payment of remuneration to For For Normal businesscost auditors

Apr-Jun, 2014 18-Jun-2014 Reliance Industries Ltd AGM M To approve offer or invitation For For Normal business to subscribe to nonconvertible debentures onprivate placementaggregating uptoRs 1000 crores

Apr-Jun, 2014 18-Jun-2014 Reliance Industries Ltd AGM M To adopt new articles of For For Normal businessassociation of the company

Apr-Jun, 2014 18-Jun-2014 Reliance Industries Ltd AGM M Appointment of Mr Adil For Abstain Not much informationZainulbhai as director available

Apr-Jun, 2014 18-Jun-2014 Reliance Industries Ltd AGM M Appointment of Mr Yogendra For Abstain Not much informationP Trivedi as director available

Apr-Jun, 2014 18-Jun-2014 Reliance Industries Ltd AGM M Appointment of Prof. Ashok For Abstain Not much informationMisra as director available

Apr-Jun, 2014 18-Jun-2014 Reliance Industries Ltd AGM M Approval to payment of For Abstain Not much informationcommission not exceeding available1% of net profit tonon-executive directors

Apr-Jun, 2014 18-Jun-2014 Reliance Industries Ltd AGM M Approval to payment of For Abstain Not much informationremuneration not exceeding available1% of net profit to executivedirectors

Apr-Jun, 2014 18-Jun-14 Reliance Industries AGM M Appointment of Mrs Nita For Abstain Could not vote due toAmbani as director technical reasons

Apr-Jun, 2014 19-Jun-2014 Oriental Bank of Commerce AGM M Adoption of accounts For For Regular course of business

Apr-Jun, 2014 19-Jun-2014 Oriental Bank of Commerce AGM M Declaration of final dividend For For Regular course of business

Apr-Jun, 2014 19-Jun-2014 Oriental Bank of Commerce AGM M To create, offer, issue and For For Regular course of businessallot by way of a qualifiedinstitutional placement (qip)such number of equityshares of the bank toqualified institutionalbuyers (qib), whether or notsuch investors are existingmembers of the bank,through one or moreplacements, as may bedecided by the board in theirdiscretion and permittedunder the appLICable lawsand regulations, to raise anamount not exceedingRs 500 crore

Apr-Jun, 2014 20-Jun-2014 Tech Mahindra Ltd CRT M Scheme of Amalgamation For For Amalgamation ofof Mahindra Engineering subsidiaryServices Limited with theCompany and theirRespective ShareholdersAnd Creditors





22

Apr-Jun, 2014 24-Jun-2014 Tech Mahindra Ltd PB M Scheme of amalgamation For For Amalgamation ofof Mahindra Engineering subsidiaryServices Limited with thecompany and their respectiveshareholders and creditors.

Apr-Jun, 2014 24-Jun-2014 Hindustan Zinc Ltd AGM M Re-appointment of Mr Rajib For For Attended all boardSekhar Sahoo as director meetings

Apr-Jun, 2014 24-Jun-2014 Hindustan Zinc Ltd AGM M Re-appointment of Ms For Against Attended only one boardShaukat Ara Tirmizi as meeting out of 5 helddirector

Apr-Jun, 2014 24-Jun-2014 Hindustan Zinc Ltd AGM M Adoption of accounts For For Normal business

Apr-Jun, 2014 24-Jun-2014 Hindustan Zinc Ltd AGM M Declaration of final dividend For For Normal business

Apr-Jun, 2014 24-Jun-2014 Hindustan Zinc Ltd AGM M Re-Appointment of M/S For For Normal businessDeloitte Haskins & Sells, Llp,Chartered Accountantsas auditors

Apr-Jun, 2014 24-Jun-2014 Hindustan Zinc Ltd AGM M Approve extension in tenure For For Normal businessof Mr Akhilesh Joshi asChief Executive Officer &Whole-Time Director upto 30.9.2015, with effectfrom 1.2.2014

Apr-Jun, 2014 24-Jun-2014 Hindustan Zinc Ltd AGM M Approve the remuneration For For Normal businessof M/S K G Goyal & Company,cost auditors for the financialyear ending 31.3.2015.

Apr-Jun, 2014 24-Jun-2014 ING Vysya Bank Ltd AGM M Adoption of accounts For For Regular course of business

Apr-Jun, 2014 24-Jun-2014 ING Vysya Bank Ltd AGM M Declaration of dividend For For Regular course of business

Apr-Jun, 2014 24-Jun-2014 ING Vysya Bank Ltd AGM M Re-appointment of M/S For For Regular course of businessBSR Co LLP, charteredaccountants as auditors

Apr-Jun, 2014 24-Jun-2014 ING Vysya Bank Ltd AGM M Re-Appointment of Mr Mark For For Represents foreignEdwin Newman As Director promoter (attended 5/7

meetings)

Apr-Jun, 2014 24-Jun-2014 ING Vysya Bank Ltd AGM M Amendment ofAoA. For Against Substitution of existingarticle 28 can causecontroversies & detrimentalto stakeholders

Apr-Jun, 2014 25-Jun-2014 HDFC Bank Ltd AGM M Re-appointment of Mrs Renu For For Attended 75% meetingsKarnad as director

Apr-Jun, 2014 25-Jun-2014 HDFC Bank Ltd AGM M Re-appointment of For For Attended 75% meetingsMr Keki Mistry as director

Apr-Jun, 2014 25-Jun-2014 HDFC Bank Ltd AGM M Appointment of Mr Partho For For Attended 75% meetingsDatta as independent director

Apr-Jun, 2014 25-Jun-2014 HDFC Bank Ltd AGM M Appointment of Mr Bobby For For Attended 75% meetingsParikh as independent director

Apr-Jun, 2014 25-Jun-2014 HDFC Bank Ltd AGM M Appointment of Dr Pandit For For Attended more than 75%Palande as independent meetingsdirector

Apr-Jun, 2014 25-Jun-2014 HDFC Bank Ltd AGM M Appointment of Mr A N Roy For For Attended more than 75%as independent director meetings

Apr-Jun, 2014 25-Jun-2014 HDFC Bank Ltd AGM M Appointment of Mr C M For For Attended more than 75%Vasudev as independent meetingsdirector

Apr-Jun, 2014 25-Jun-2014 HDFC Bank Ltd AGM M Appointment of Mr Vijay For For Attended more than 75%Merchant as independent meetingsdirector

Apr-Jun, 2014 25-Jun-2014 HDFC Bank Ltd AGM M Increase in investment limit For For Help in diverse ownershipby FIIS upto 74% of the paid and source of equity funds.up equity share capital of thebank

Apr-Jun, 2014 25-Jun-2014 HDFC Bank Ltd AGM M Adoption of accounts For For Regular course of business

Apr-Jun, 2014 25-Jun-2014 HDFC Bank Ltd AGM M Declaration of dividend For For Regular course of business

Apr-Jun, 2014 25-Jun-2014 HDFC Bank Ltd AGM M Appointment of M/S For For Regular course of businessDeloitte Haskins & Sells,chartered accountantsas auditors

Apr-Jun, 2014 25-Jun-2014 HDFC Bank Ltd AGM M Issue of securities up up For For Regular course of businessrs 10,000 crore





23

Apr-Jun, 2014 25-Jun-2014 State Bank Of India EGM M To elect four directors to the For For Regular course of businesscentral board of the bank

Apr-Jun, 2014 25-Jun-2014 State Bank Of India EGM M To grant, offer, issue and allot, For For Regular course of businessin one or more tranches, tosuch employees, whetherworking in india or outsideindia, which expression shallinclude the chairman andmd of the bank(‘the employees’), as may bedecided by the board, upto55,56,490 or such numberof equity shares of rs 10each under ESPS.

Apr-Jun, 2014 25-Jun-14 Bank Of Baroda AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Apr-Jun, 2014 25-Jun-14 Bank Of Baroda AGM M Declaration of final dividend For Abstain Could Not Vote Due ToTechnical Reasons

Apr-Jun, 2014 26-Jun-2014 MRF Ltd PB M Borrow money upto a sum For For Regular course of businessnot exceeding Rs 4000 crores

Apr-Jun, 2014 26-Jun-2014 MRF Ltd PB M Create charge of the company For For Regular course of businessupto Rs 4000 crores

Apr-Jun, 2014 26-Jun-2014 MRF Ltd PB M To invite / accept / renew from For For Regular course of businesstime to time unsecured /secured deposits frompubLIC and/or members ofthe company uptopermissible limits

Apr-Jun, 2014 27-Jun-2014 Indusind Bank AGM M Appointment of Mr Ashok For Abstain Attended less than 75%Kini as independent director meetingsfor a term upto 29.1.2016

Apr-Jun, 2014 27-Jun-2014 Axis Bank AGM M Re-appointment of Mr K N For For Attended more than 75%Prithviraj as director meetings

Apr-Jun, 2014 27-Jun-2014 Axis Bank AGM M Re-appointment of Mr V For For Attended more than 75%Srinivasan as director meetings

Apr-Jun, 2014 27-Jun-2014 Axis Bank AGM M Appointment of Mrs Usha For For Attended more than 75%Sangwan as director meetings

Apr-Jun, 2014 27-Jun-2014 Axis Bank AGM M Revision in remuneration of For For Attended more than 75%Mr V Srinivasan, ED & head meetings(corporate banking) effective01.06.2014

Apr-Jun, 2014 27-Jun-2014 Indusind Bank AGM M Re-Appointment of Mr Ajay For For Attended More Than 75%Hinduja As Director Meetings

Apr-Jun, 2014 27-Jun-2014 Indusind Bank AGM M Appointment of Mr S C Tripathi For For Attended More Than 75%as Independent Director for Meetingsaterm upto 13.2.2015

Apr-Jun, 2014 27-Jun-2014 Indusind Bank AGM M Appointment of Mrs Kanchan For For Attended More Than 75%Chitale as independent Meetingsdirector for 4 years with effectfrom 18.10.2011

Apr-Jun, 2014 27-Jun-2014 Indusind Bank AGM M Appointment of Mr Vijay Vais For For Attended More Than 75%as independent director for 4 Meetingsyears with effect from 18.10.2011

Apr-Jun, 2014 27-Jun-2014 Axis Bank AGM M Subdivision of face value of For For Improves Liquidity Inequity shares from Rs 10 Capital Marketsto Rs 5

Apr-Jun, 2014 27-Jun-2014 Axis Bank AGM M Revision in remuneration of For For Inline With IndustryDr Sanjiv Misra effective Standards08.03.2014

Apr-Jun, 2014 27-Jun-2014 Axis Bank AGM M Revision in remuneration of For For Inline With IndustryMrs Sikha Sharma, MD & StandardsCEO effective 01.06.2014

Apr-Jun, 2014 27-Jun-2014 Axis Bank AGM M Revision in remuneration of For For Inline with industryMr Somnath Sengupta, standardsED & Head (corporate centre)effective 01.06.2014

Apr-Jun, 2014 27-Jun-2014 Indusind Bank AGM M Appointment of Mr T Anantha For Abstain Not enough informationNarayanan as independent availabledirector for a term upto8.4.2015





24

Apr-Jun, 2014 27-Jun-2014 Tata Motors Ltd PB M Approval for payment of For Abstain Not enough informationminimum remuneration to availableMr Ravindra Pisharody,executive director(commercial vehicles) in caseof inadequacy of profits andratification of the excessremuneration paid for thefinancial year ended 31.3.2014

Apr-Jun, 2014 27-Jun-2014 Tata Motors Ltd PB M Approval for payment of For Abstain Not Enough Informationminimum remuneration to AvailableMr Satish Borwankar,executive director (quality) incase of inadequacy of profitsand ratification of the excessremuneration paid for thefinancial year ended 31.3.2014

Apr-Jun, 2014 27-Jun-2014 Tata Motors Ltd PB M Approval and ratification of For Abstain Not enough informationthe excess remuneration paid availableto (late) Mr Karl Slym,managing director/his legalheir in view of inadequacy ofprofits for the financial yearended 31.3.2014

Apr-Jun, 2014 27-Jun-2014 Axis Bank AGM M Adoption of accounts For For Regular course of businessApr-Jun, 2014 27-Jun-2014 Axis Bank AGM M Declaration of dividend For For Regular course of businessApr-Jun, 2014 27-Jun-2014 Axis Bank AGM M Appointment of M/S S R For For Regular course of business

Batliboi & Co LLP,chartered accountants asauditors

Apr-Jun, 2014 27-Jun-2014 Axis Bank AGM M To borrow upto a total of For For Regular course of businessRs 1,00,000 crore

Apr-Jun, 2014 27-Jun-2014 Axis Bank AGM M Borrowing / raising funds in For For Regular course of businessindian currency / foreigncurrency by way of debtinstruments in domestic &/oroverseas market to anamount not exceedingrs 7,500 crore forming partof tier i / tier ii capital and us1.5 billion (or equivalent inother currency) for foreigncurrency issuances in theoverseas market

Apr-Jun, 2014 27-Jun-2014 Axis Bank AGM M Alteration of MOA For For Regular course of businessApr-Jun, 2014 27-Jun-2014 Axis Bank AGM M Alteration of AOA For For Regular course of businessApr-Jun, 2014 27-Jun-2014 Indian Bank AGM M Adoption of accounts For For Regular course of businessApr-Jun, 2014 27-Jun-2014 Indian Bank AGM M Declaration of dividend For For Regular course of businessApr-Jun, 2014 27-Jun-2014 Indian Bank AGM M Election of two directors For For Regular course of business

amongst the shareholdersof the bank.

Apr-Jun, 2014 27-Jun-2014 Indusind Bank AGM M Adoption of accounts For For Regular course of businessApr-Jun, 2014 27-Jun-2014 Indusind Bank AGM M Declaration of dividend For For Regular course of business

Apr-Jun, 2014 27-Jun-2014 Indusind Bank AGM M Appointment of M/S B S R For For Regular course of business& CO LLP, charteredaccountants as auditors

Apr-Jun, 2014 27-Jun-2014 Tata Motors Ltd PB M Borrowing money up to limit For For Regular course of businessnot exceeding Rs 30,000 crore

Apr-Jun, 2014 27-Jun-2014 Tata Motors Ltd PB M Creation of charge on For For Regular course of businesscompany’s properties uptoRs 30,000 crore

Apr-Jun, 2014 27-Jun-2014 Tata Motors Ltd PB M To offer or invite for For For Regular course of businesssubscription of non-convertibledebentures on privateplacement basis upto anaggregate amount notexceeding Rs 35,000 crore

Apr-Jun, 2014 27-Jun-2014 Axis Bank AGM M Amendment in the exercise For For Will reduce staff attritionperiod from 3 years to 5 years and stock dilutionfrom the date of vesting ofoptions, in respect of optionsgranted with effect fromApril 2014 onwards





25

Apr-Jun, 2014 30-Jun-2014 ICICI Bank Ltd AGM M Re-appointment of Mr K For For Attended more than 75%Ramkumar as director meetings

Apr-Jun, 2014 30-Jun-2014 ICICI Bank Ltd AGM M Appointment of Mr V K Sharma For For Attended more than 75%as independent director meetings

Apr-Jun, 2014 30-Jun-2014 ICICI Bank Ltd AGM M Re-appointment of Mr Rajiv For For Attended more than 75%Sabharwal as Wholetime meetingsDirector designated as ed for5 years effective 24.06.2015

Apr-Jun, 2014 30-Jun-2014 ICICI Bank Ltd AGM M Alteration of AOA For For Brings stability to the board,functioning of bank anddecision making.

Apr-Jun, 2014 30-Jun-2014 ICICI Bank Ltd AGM M To borrow upto Rs 2,50,000 For For Brings stability to the board,crore functioning of bank and

decision making.

Apr-Jun, 2014 30-Jun-2014 ICICI Bank Ltd AGM M Adoption of accounts For For Regular course of business

Apr-Jun, 2014 30-Jun-2014 ICICI Bank Ltd AGM M Declaration of dividend on For For Regular course of businesspreference shares

Apr-Jun, 2014 30-Jun-2014 ICICI Bank Ltd AGM M Declaration of dividend on For For Regular course of businessequity shares

Apr-Jun, 2014 30-Jun-2014 ICICI Bank Ltd AGM M Appointment of M/S BSR & Co, For For Regular course of businessLLP, chartered accountantsas auditors

Apr-Jun, 2014 30-Jun-2014 ICICI Bank Ltd AGM M Appointment of branch auditors For For Regular course of business

Apr-Jun, 2014 30-Jun-2014 ICICI Bank Ltd AGM M Borrowings by way of For For Regular course of businesssecurities upto Rs 1,00,000crore

Apr-Jun, 2014 30-Jun-14 IDBI Bank AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Apr-Jun, 2014 30-Jun-14 IDBI Bank AGM M Appointment of Mr P S For Abstain Could not vote due toShenoy as independent technical reasonsdirectornot liable to retire byrotation

Apr-Jun, 2014 30-Jun-14 IDBI Bank AGM M Appointment of Mr M O Rego For Abstain Could not vote due toas Deputy Managing Director technical reasonsfor 5 years with effectfrom 30.8.2013

Apr-Jun, 2014 30-Jun-14 IDBI Bank AGM M Appointment of Mr Pankaj For Abstain Could not vote due toVats as part-time non official technical reasonsindependent director for 3years with effectfrom 30.9.2013

Apr-Jun, 2014 30-Jun-14 IDBI Bank AGM M Declaration of final dividend For Abstain Could not vote due to(in addition to interim technical reasonsdividend @ Rs 0.725)

Apr-Jun, 2014 30-Jun-14 IDBI Bank AGM M “Re-appointment of M/S For Abstain Could not vote due toKhimji Kunverji & Co. And technical reasonsM/S G D Apte & Co.,Chartered Accountantsas joint auditors”

Apr-Jun, 2014 30-Jun-14 IDBI Bank AGM M Re-Appointment Of M/S For Abstain Could not vote due toAshok Kapur & Associates, technical reasonsChartered Accountants,Dubai As Branch AuditorsFor Bank’s DIFC Dubai Branch

Apr-Jun, 2014 30-Jun-14 IDBI Bank AGM M Further issue of equity shares For Abstain Could not vote due toof Rs 10 each and aggregating technical reasonsto not more than Rs 4000crores, inclusive of premium,to be added to the existingpaid up equity share capitalof Rs 16,03,93,92,600 insuch a way that the centralgovernment shall at all timeshold not less than 51% of thepaid up equity share capitalof the bank

Apr-Jun, 2014 30-Jun-14 IDBI Bank AGM M Borrow money upto a sum For Abstain Could not vote due tonot exceeding Rs 1,25,000 technical reasonscrores

Apr-Jun, 2014 30-Jun-14 IDBI Bank AGM M Alteration ofAoA For Abstain Could not vote due totechnical reasons





26

Apr-Jun, 2014 30-Jun-14 IDBI Bank AGM M Appointment of Mr S Ravi as For Abstain Could not vote due toindependent directornot technical reasonsliable to retire by rotation

Apr-Jun, 2014 30-Jun-14 IDBI Bank AGM M Appointment of Mr Ninad For Abstain Could not vote due toKarpe as independent technical reasonsdirectornot liable to retire byrotation

Jul-Sep, 2014 3-Jul-2014 State Bank Of India AGM M Adoption of accounts For For Regular course of business

Jul-Sep, 2014 9-Jul-14 Shriram Transport AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 9-Jul-14 Shriram Transport AGM M Issue of debt securities For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 9-Jul-14 Shriram Transport AGM M Amendment to AoA For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 9-Jul-14 Shriram Transport AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 9-Jul-14 Shriram Transport AGM M Re-appointment of Mr Arun For Abstain Could not vote due toDuggal as director technical reasons

Jul-Sep, 2014 9-Jul-14 Shriram Transport AGM M Appointment of M/S S R For Abstain Could not vote due toBatliboi & Co. LLP and technical reasonsM/S G D Apte & Co,Chartered Accountants asjoint auditors

Jul-Sep, 2014 9-Jul-14 Shriram Transport AGM M Not filling of vacancy cause For Abstain Could not vote due toby retirement of Mr M S technical reasonsVerma as a director

Jul-Sep, 2014 9-Jul-14 Shriram Transport AGM M Appointment of Mr S M Bafna For Abstain Could not vote due toas director technical reasons

Jul-Sep, 2014 9-Jul-14 Shriram Transport AGM M Appointment of Mr Puneet For Abstain Could not vote due toBhatia as director technical reasons

Jul-Sep, 2014 9-Jul-14 Shriram Transport AGM M Appointment of Mr Gerrit For Abstain Could not vote due toLodewyk Van Heerde technical reasonsas director

Jul-Sep, 2014 9-Jul-14 Shriram Transport AGM M Borrowing up to a limit of For Abstain Could not vote due toamount not exceeding technical reasonsRs 60,000 crores

Jul-Sep, 2014 10-Jul-14 Idea Cellular EGM M Issuance of upto 5,18,38,540 For Abstain Could not vote due toequity shares of Rs 10 each technical reasonsfor cash at a price of Rs 144.68per equity share aggregatingto approx Rs 750 crore, on apreferential basis to AxiataInvestments 2 (India) Limited(a wholly owned subsidiaryof Axiata Group Berhad,Malaysia)

Jul-Sep, 2014 11-Jul-2014 Larsen N Toubro Ltd PB M Creation of charge on assets For For Normal businessof the company to secure theborrowings

Jul-Sep, 2014 11-Jul-2014 Larsen N Toubro Ltd PB M Raise funds through issue of For For Normal businessequity shares for an amountnot exceeding Rs 3600 croreor US $600 million

Jul-Sep, 2014 11-Jul-2014 Larsen N Toubro Ltd PB M Raise funds through private For For Not much informationplacement of non convertible availabledebentures not exceedingRs 6000 crores

Jul-Sep, 2014 11-Jul-2014 Larsen N Toubro Ltd PB M Alteration of AoA For Abstain Not much informationavailable

Jul-Sep, 2014 16-Jul-2014 Bajaj Finance Ltd AGM M Appointment of Omkar For Against Attended less than 75%Goswami as independent meetings.director

Jul-Sep, 2014 16-Jul-2014 Kotak Mahindra Bank Ltd AGM M Re-appointment of Mr N P For For Attended more than 75%Sarda as director meetings

Jul-Sep, 2014 16-Jul-2014 Kotak Mahindra Bank Ltd AGM M Re-appointment of Mr Dipak For For Attended more than 75%Gupta as joint md with effect meetingsfrom 1.1.2015

Jul-Sep, 2014 16-Jul-2014 Bajaj Finance Ltd AGM M Re-appointment of Mr Rahul For For Attended more than 75%Bajaj as director meetings





27

Jul-Sep, 2014 16-Jul-2014 Bajaj Finance Ltd AGM M Appointment of Mr Gita Piramal For For Attended more than 75%as independent director meetings

Jul-Sep, 2014 16-Jul-2014 Bajaj Finance Ltd AGM M Appointment of Nanoo For For Attended more than 75%Pamnami, Vice Chairman as meetingsindependent director

Jul-Sep, 2014 16-Jul-2014 Bajaj Finance Ltd AGM M Appointment of D S Mehta as For For Attended more than 75%independent director meetings

Jul-Sep, 2014 16-Jul-2014 Bajaj Finance Ltd AGM M Appointment of D J Balaji Rao For For Attended more than 75%as independent director meetings

Jul-Sep, 2014 16-Jul-2014 Bajaj Finance Ltd AGM M Appointment of Dipak Poddar For For Attended more than 75%as independent director meetings

Jul-Sep, 2014 16-Jul-2014 Bajaj Finance Ltd AGM M Appointment of Ranjan Sanghi For For Attended more than 75%as independent director meetings

Jul-Sep, 2014 16-Jul-2014 Bajaj Finance Ltd AGM M Appointment of Rajendra For For Attended more than 75%Lakhotia as independent meetingsdirector

Jul-Sep, 2014 16-Jul-2014 Kotak Mahindra Bank Ltd AGM M Re-appointment of Mr Uday For For His tenure at Kotak hasS Kotak as Executive Vice been beneficial for bankChairman & MD with effect and shareholdersfrom 1.1.2015

Jul-Sep, 2014 16-Jul-2014 Kotak Mahindra Bank Ltd AGM M Adoption of accounts For For Regular course of business

Jul-Sep, 2014 16-Jul-2014 Kotak Mahindra Bank Ltd AGM M Declaration ofdividend For For Regular course ofbusiness

Jul-Sep, 2014 16-Jul-2014 Kotak Mahindra Bank Ltd AGM M Re-appointment of M/S S B For For Regular course of businessBillimoria & Co, CharteredAccountants as auditors

Jul-Sep, 2014 16-Jul-2014 Kotak Mahindra Bank Ltd AGM M Borrow money up to an For For Regular course of businessamount of Rs 40,000 crore

Jul-Sep, 2014 16-Jul-2014 Kotak Mahindra Bank Ltd AGM M Increase in investment limit For For Regular course of businessby FIIS, FPI and QFI upto40% of the paid up equitycapital of the bank

Jul-Sep, 2014 16-Jul-2014 Bajaj Finance Ltd AGM M Adoption of accounts For For Regular course of business

Jul-Sep, 2014 16-Jul-2014 Bajaj Finance Ltd AGM M Declaration of dividend For For Regular course of business

Jul-Sep, 2014 16-Jul-2014 Bajaj Finance Ltd AGM M Re-appointment of M/S Dalal For For Regular course of business& Shah, CharteredAccountants as auditors

Jul-Sep, 2014 16-Jul-2014 Bajaj Finance Ltd AGM M Modification in the ESOS, For For Regular course ofbusiness2009

Jul-Sep, 2014 16-Jul-2014 Bajaj Finance Ltd AGM M Grant of options to employees For For Regular course of businessof holding &/or subsidiarycompanies under amendedESOS, 2009

Jul-Sep, 2014 16-Jul-2014 Bajaj Finance Ltd AGM M Issue of non-convertible For For Regular course of businessdebenture through privateplacement.

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Appointment of Mr Silip S For Abstain Adequate information notSadaragani as an available.independent director for 3 years

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Appointment of Mr Harish H For For Attended more than 75%Engineer as an independent meetingsdirector for 3 years

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Appointment of Mrs Grace For For Attended more than 75%Elizabeth Koshie as an meetingsindependent director for 3 years

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Appointment of Prof Abraham For For Attended More Than 75%Koshy As an Independent MeetingsDirector For 1 Year

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Appointment of Mr Sudhir M For For Attended more than 75%Doshi as an independent meetingsdirector for 3 years

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Appointment of CA Nilesh S For For Attended more than 75%Vikamsey as an independent meetingsdirector for 3 years

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Appointment of Mr K M For For Attended more than 75%Chandrasekhar as an meetingsindependent director for 3 years

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Re-appointment of Mr Shyam For For His tenure at the bank hasSrinivasan as a director created value for all

stakeholders





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Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Payment of honorarium to For For In line with businessProf Abraham Koshy practise

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Adoption of accounts For For Regular course of business

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Declaration of dividend For For Regular course of business

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Appointment of M/S Deloitte For For Regular course of businessHaskins & Sells, Chennai AndM/S M P Chitale & Co,Mumbai, CharteredAccountants as joint auditors

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Appointment of branch auditors For For Regular course of business

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Payment of remuneration to For For Regular course of businessMr Shyam Srinivasan, MDAnd CEO with effectfrom 23.9.2013

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Variation in payment of For For Regular course of businessremuneration to mr shyamsrinivasan, md and ceo forthe year 2013-14

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Grant of shares under Esos To For For Regular course of businessMr Shyam Srinivasan, MD &CEO for the year 2012 @Rs 94.80 per share and forthe year 2013 @ Rs 57.25 pershare

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Payment of remuneration to For For Regular course of businessMr Abraham Chacko,Executive Director with effectfrom 8.8.2013

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Grant of shares under Esos For For Regular course of businessTo Mr Abraham Chacko,Executive Director for the year2013 @ Rs 57.25 per share

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Extending the vesting period For For Regular course of businessof options granted in respectof the year 2011 underESOS 2010, from four yearsto four and a half year

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Borrow money not exceeding For For Regular course of businessRs 3000 crore

Jul-Sep, 2014 17-Jul-2014 Federal Bank Ltd AGM M Appointment of Mrs. For For She is Ex CMD of a PSUsubhalakshmi panse as an bank, her experience willindependent director for 3 years benefit the bank

Jul-Sep, 2014 22-Jul-2014 Wabco India Limited AGM M Appointment of Mr D E For For Attended 75% meetingsUdwadia as non executiveand independent director for5 years with effectfrom 1.4.2014

Jul-Sep, 2014 22-Jul-2014 Wabco India Limited AGM M Re-appointment of Mr Trevor For For Attended More Than 75%Lucas as director Meetings

Jul-Sep, 2014 22-Jul-2014 Wabco India Limited AGM M Appointment of Mr Narayan For For Attended More Than 75%K Seshadri as non executive Meetingsand independent director for 5years with effect from 1.4.2014

Jul-Sep, 2014 22-Jul-2014 Wabco India Limited AGM M Appointment of Mr P For For Attended More Than 75%Kaniappan as Managing MeetingsDirector for 5 years with effectfrom 17.6.2014

Jul-Sep, 2014 22-Jul-2014 Wabco India Limited AGM M Appointment of Mr M For For His experience asLakshminarayan as non chairman of the companyexecutive and independent will be beneficial for thedirector for 5 years with company.effect from 1.4.2014

Jul-Sep, 2014 22-Jul-2014 Wabco India Limited AGM M Adoption of accounts For For Regular course of business

Jul-Sep, 2014 22-Jul-2014 Wabco India Limited AGM M Declaration of dividend @ For For Regular course of businessRs 5 per share on 1,89,67,584equity shares of Rs 5 each

Jul-Sep, 2014 22-Jul-2014 Wabco India Limited AGM M Appointment of M/S S R For For Regular course of businessBatliboi & Associates, LLP,chartered accountantsas auditors





29

Jul-Sep, 2014 22-Jul-2014 Wabco India Limited AGM M Approval to payment of For For Regular course of businessremuneration by way ofcommission to non-executivedirectors for 5 years witheffect from 1.4.2014

Jul-Sep, 2014 23-Jul-2014 Karur Vysya Bank Ltd AGM M Alteration of AOA For For Adequate information notavailable

Jul-Sep, 2014 23-Jul-2014 Karur Vysya Bank Ltd AGM M Appointment of Mr B For Against Attended less than 75%Swminathan as independent meetingsdirector for 3 years

Jul-Sep, 2014 23-Jul-2014 Karur Vysya Bank Ltd AGM M Appointment of Dr V G Mohan For Abstain Attended less than 75%Prasad as independent meetingsdirector for 3 years

Jul-Sep, 2014 23-Jul-2014 Karur Vysya Bank Ltd AGM M Re-appointment of Mr A J For For Attended more than 75%Suriyanarayana as director meetings

Jul-Sep, 2014 23-Jul-2014 Karur Vysya Bank Ltd AGM M Appointment of Mr K P Kumar For For Attended more than 75%as non-executive meetingsindependent chairman for theperiod of 2 years from24.9.2013 to 23.9.2015

Jul-Sep, 2014 23-Jul-2014 Karur Vysya Bank Ltd AGM M Re-appointment of Mr K For For Attended more than 75%Venkataraman as Managing meetingsDirector & CEO for the periodof 3 years from 1.6.2014to 31.5.2017

Jul-Sep, 2014 23-Jul-2014 Karur Vysya Bank Ltd AGM M Appointment of Mr K K Balu For For Attended more than 75%as independent director for meetings2 years

Jul-Sep, 2014 23-Jul-2014 Karur Vysya Bank Ltd AGM M Appointment of Mr N S Srinath For For Attended more than 75%as independent director for meetings3 years

Jul-Sep, 2014 23-Jul-2014 Karur Vysya Bank Ltd AGM M Adoption of accounts For For Regular course of business

Jul-Sep, 2014 23-Jul-2014 Karur Vysya Bank Ltd AGM M Declaration of dividend For For Regular course of business

Jul-Sep, 2014 23-Jul-2014 Karur Vysya Bank Ltd AGM M Appointment of auditors & For For Regular course of businesspayment of remuneration

Jul-Sep, 2014 23-Jul-2014 Karur Vysya Bank Ltd AGM M Appointment of branch auditors For For Regular course of business

Jul-Sep, 2014 25-Jul-14 Biocon AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 25-Jul-14 Biocon AGM M Appointment of Ms Mary For Abstain Could not vote due toHarney as independent technical reasonsdirector for 3 years

Jul-Sep, 2014 25-Jul-14 Biocon AGM M Appointment of Mr Daniel For Abstain Could not vote due toM Bradbury as independent technical reasonsdirector for 3 years

Jul-Sep, 2014 25-Jul-14 Biocon AGM M Fix remuneration of cost For Abstain Could not vote due toauditors technical reasons

Jul-Sep, 2014 25-Jul-14 Biocon AGM M Borrow money upto a limit For Abstain Could not vote due toof Rs 2000 crore technical reasons

Jul-Sep, 2014 25-Jul-14 Biocon AGM M Declaration of dividend @ For Abstain Could not vote due toRs 5 per share technical reasons

Jul-Sep, 2014 25-Jul-14 Biocon AGM M Re-appointment of Ms Kiran For Abstain Could not vote due toMazumdar Shaw as a director technical reasons

Jul-Sep, 2014 25-Jul-14 Biocon AGM M Re-appointment of M/S S R For Abstain Could not vote due toBatliboi & Associates, LLP, technical reasonsChartered accountantsas auditors

Jul-Sep, 2014 25-Jul-14 Biocon AGM M Appointment of Dr Arun For Abstain Could not vote due toChandravarkar as CEO and technical reasonsjoint managing director for 5years with effect from 24.4.2014

Jul-Sep, 2014 25-Jul-14 Biocon AGM M Appointment of Mr Charles L For Abstain Could not vote due toCooney as independent technical reasonsdirector for 1 year

Jul-Sep, 2014 25-Jul-14 Biocon AGM M Appointment of Mr Suresh For Abstain Could not vote due toN Talwar as independent technical reasonsdirector for 1 year

Jul-Sep, 2014 25-Jul-14 Biocon AGM M Appointment of Dr Bala S For Abstain Could not vote due toManian as independent technical reasonsdirector for 1 year





30

Jul-Sep, 2014 25-Jul-14 Biocon AGM M Appointment of Mr Russel For Abstain Could not vote due toWalls as independent technical reasonsdirector for 3 years

Jul-Sep, 2014 26-Jul-14 Bajaj Electricals PB M Borrow money upto a limit of For Abstain Could not vote due toRs 1500 crore technical reasons

Jul-Sep, 2014 26-Jul-14 Bajaj Electricals PB M Provide security in connections For Abstain Could not vote due towith the borrowings technical reasons

Jul-Sep, 2014 26-Jul-14 Bajaj Electricals PB M Issue of redeemable NCDS For Abstain Could not vote due toon private placement basis technical reasonsfor an amount not exceedingRs 100 crore

Jul-Sep, 2014 26-Jul-2014 Ashok Leyland Ltd AGM M Appointment of Mr Shardul S For Against Attended less than 75%Shroff as independent director meetingsfor the period of 5 yearsupto 25.7.2019

Jul-Sep, 2014 26-Jul-2014 Ashok Leyland Ltd AGM M Re-appointment of Mr Dheeraj For For Attended more than 75%G Hinduja as director meetings

Jul-Sep, 2014 26-Jul-2014 Ashok Leyland Ltd AGM M Appointment of Dr Andreas H For For Attended more than 75%Biagosch as independent meetingsdirector for the period of 5years upto 25.7.2019

Jul-Sep, 2014 26-Jul-2014 Ashok Leyland Ltd AGM M Appointment of Mr Anil Harish For For Attended more than 75%as independent director for meetingsthe period of 5 years upto25.7.2019

Jul-Sep, 2014 26-Jul-2014 Ashok Leyland Ltd AGM M Appointment of Mr D J Balaji For For Attended more than 75%Rao as independent director meetingsfor the period of 5 yearsupto 25.7.2019

Jul-Sep, 2014 26-Jul-2014 Ashok Leyland Ltd AGM M Appointment of Mr Jean For For Attended more than 75%Brunol as independent director meetingsfor the period of 5 years upto25.7.2019

Jul-Sep, 2014 26-Jul-2014 Ashok Leyland Ltd AGM M Appointment of Mr Sanjay K For For Attended more than 75%Asher as independent director meetingsfor the period of 5 years upto25.7.2019

Jul-Sep, 2014 26-Jul-2014 Ashok Leyland Ltd AGM M Appointment of Mr Vinod K For For Attended more than 75%Dasari as managing director meetingsw.e.f. 1.4.2014

Jul-Sep, 2014 26-Jul-2014 Ashok Leyland Ltd AGM M Appointment of M/S M S For For Regular course of businessKrishnaswami & Rajan andM/S Deloitte Haskins & SellsLLP, chartered accountantsas joint statutory auditors

Jul-Sep, 2014 26-Jul-2014 Ashok Leyland Ltd AGM M Borrow upto Rs 8,000 crore For For Regular course of businessand creation of charge uptoRs 8,000 crore and offer orinvite subscriptionsfor secured/ un secured redeemablenon-convertible debenturesaggregating upto Rs 2,000crore on private placement

Jul-Sep, 2014 26-Jul-2014 Ashok Leyland Ltd AGM M Alteration ofAoA For For Regular course of business

Jul-Sep, 2014 26-Jul-2014 Ashok Leyland Ltd AGM M Create, offer, issue and allot For For Regular course of businessupto 2,000 lac equity sharesof face value of re 1 to QIB(s)through QIP

Jul-Sep, 2014 26-Jul-2014 Ashok Leyland Ltd AGM M Payment of remuneration For For Regular course of businessRs 5,00,000 to cost auditorsM/S Geeyes & Co, costaccountants

Jul-Sep, 2014 30-Jul-2014 Iifl Holdings Ltd -AGM AGM M Re-appointment of Mr Sunil For For Attended more than 75%Kaul as director meetings

Jul-Sep, 2014 30-Jul-2014 Iifl Holdings Ltd -AGM AGM M Appointment of Mr R For For Attended more than 75%Venkataraman as meetingsWholetime Directordesignated as ManagingDirector for 5 years with effectfrom 23.4.2015





31

Jul-Sep, 2014 30-Jul-2014 Iifl Holdings Ltd AGM M Appointment of Mr A K For For Attended more than 75%Purwar as independent meetingsdirector for 5 years witheffect from 1.4.2014

Jul-Sep, 2014 30-Jul-2014 Iifl Holdings Ltd AGM M Appointment of Dr S Narayan For For Attended more than 75%as independent director for 5 meetingsyears with effect from 1.4.2014

Jul-Sep, 2014 30-Jul-2014 Iifl Holdings Ltd AGM M Appointment of Mr Kranti For For Attended more than 75%Sinha as independent meetingsdirector for 5 years with effectfrom 1.4.2014

Jul-Sep, 2014 30-Jul-2014 Iifl Holdings Ltd AGM M Appointment of Mr Nilesh For For Attended more than 75%Vikamsey as independent meetingsdirector for 5 years with effectfrom 1.4.2014

Jul-Sep, 2014 30-Jul-2014 Infosys Limited Egm M Appointment of Dr Vishal For For Change in leadershipSikka as a director

Jul-Sep, 2014 30-Jul-2014 Iifl Holdings Ltd AGM M Appointment of Mr Nirmal Jain For For He is the founder promoterAs Wholetime Director and the company hasdesignated as Executive flourished under hisChairman for 5 years with leadership.effect from 23.4.2015

Jul-Sep, 2014 30-Jul-2014 Tata Steel Ltd PB M Increase in borrowing limit For For Normal businessfrom Rs 50,000 crore toRs 70,000 crore

Jul-Sep, 2014 30-Jul-2014 Tata Steel Ltd PB M Create charge on the assets For For Normal businessof the company not exceedingRs 70,000 crore

Jul-Sep, 2014 30-Jul-2014 Tata Steel Ltd PB M Further issue of securities For For Normal businessnot exceeding Rs 14,000 crore

Jul-Sep, 2014 30-Jul-2014 Infosys Limited Egm M Appointment of Mr K V Kamath For For Normal businessas an independent director

Jul-Sep, 2014 30-Jul-2014 Infosys Limited Egm M Appointment of Mr R For For Normal businessSeshasayee as anindependent director

Jul-Sep, 2014 30-Jul-2014 Iifl Holdings Ltd AGM M Adoption of accounts For For Regular course of business

Jul-Sep, 2014 30-Jul-2014 Iifl Holdings Ltd AGM M Re-appointment of M/S Sharp For For Regular course of business& Tannan associates,chartered accountantsas auditors

Jul-Sep, 2014 30-Jul-2014 Iifl Holdings Ltd AGM M Borrow money upto an For For Regular course of businessamount not exceedingRs 5000 crore

Jul-Sep, 2014 1-Aug-2014 Cummins India AGM M Appointment of Mr Rajeev For For Amalgamation ofBakshi as independent subsidiarydirector for 5 years

Jul-Sep, 2014 1-Aug-2014 Cummins India AGM M Appointment of Mr Pradeep For For Attended 4 out of 5 boardBhagava, alternate director meetings heldto Mr Mark Smith as advisor

Jul-Sep, 2014 1-Aug-2014 Cummins India AGM M Adoption of accounts For For Normal business

Jul-Sep, 2014 1-Aug-2014 Cummins India AGM M Declaration of final dividend For For Normal businessand ratify payment of interimdividend on equity shares

Jul-Sep, 2014 1-Aug-2014 Cummins India AGM M Re-appointment of For For Normal businessMr Casimiro Antonio Leitaoas director

Jul-Sep, 2014 1-Aug-2014 Cummins India AGM M Re-appointment of Mr Edward For For Normal businessPhilip pence as director

Jul-Sep, 2014 1-Aug-2014 Cummins India AGM M Appointment of auditors For For Normal businessJul-Sep, 2014 1-Aug-2014 Cummins India AGM M Appointment of Mr Mark For Abstain Not much information

Smith as director availableJul-Sep, 2014 1-Aug-2014 Cummins India AGM M Appointment of Mr Priya For Abstain Not much information

Shankar Dasgupta as availableindependent director for 5 years

Jul-Sep, 2014 1-Aug-2014 Cummins India AGM M Appointment of Mr Veni For Abstain Not much informationSrinivasan as independent availabledirector for 5 years

Jul-Sep, 2014 1-Aug-2014 Cummins India AGM M Appointment of Mr Naseer For Abstain Not much informationMukhtar Munjee as availableindependent director for 5 years





32

Jul-Sep, 2014 1-Aug-2014 Cummins India AGM M Appointment of Mr Prakash For Abstain Not much informationManjanath Telang as availableindependent director for 5 years

Jul-Sep, 2014 1-Aug-2014 Cummins India AGM M Appointment of Mr Rajsekhar For For Promoter directorMenon as director

Jul-Sep, 2014 1-Aug-2014 Cummins India AGM M Payment of sum in addition For For Same commission paid toto sitting fees to non all non executive directorsexecutive directors

Jul-Sep, 2014 1-Aug-2014 Cummins India AGM M Sale of internal combustion For For Transaction done on armsengines, their parts and length basisaccessories by thecompany to Cummins Limited,UK on arm’s length basis for aconsideration estimated atRs 76,381 lacs for thefinancial year 2014-15

Jul-Sep, 2014 1-Aug-2014 Cummins India AGM M To let out or give on rent, lease, For For Transaction done on arm’sleave and LICense or any length basisother similar arrangementbasis, the premises of thecompany to any or all of thefollowing related party/ieson arm’s length basis,

Jul-Sep, 2014 13-Aug-14 Balkrishna Ind Crt M Scheme of arrangement For Abstain Could not vote due tobetween Balkrishna Industries technical reasonsLimited and BalkrishnaPaper Mills Limited andNirvikara Paper Mills Limited.

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Appointment of Mr Bipin For Abstain Could not vote due toRatilal Shah an independent technical reasonsdirector

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Appointment of For Abstain Could not vote due toMr Ramakrishnan technical reasonsLakshminarayanan as anindependent director

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Borrow money for a sum not For Abstain Could not vote due toexceeding Rs 1000 crore technical reasons

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Create charge on the assets For Abstain Could not vote due toof the company technical reasons

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M To create, offer, issue and For Abstain Could not vote due toallot at any time to Mr S technical reasonsRaghunandan, Whole TimeDirector and chief executiveofficer of the company, optionsexercisable into not morethan 27,15,352 equityshares of the company ofRe. 1 under one or moreemployee stock optionschemes, each option wouldbe exercisable for oneequityshare of a face valueof re 1 each fully paid-up onpayment of the requisiteexercise price to the company

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Issue such shares to Mr S For Abstain Could not vote due toRaghunandan, Whole Time technical reasonsDirector And Chief ExecutiveOffice during any one year,exceeding 1% of the issuedcapital (excluding outstandingwarrants and convertibles)of the company at the time ofgrant of shares underESOS 2014-a, in one or moretranches, and on such termsand conditions as may be fixedor determined by the board,each option would beexercisable for one equityshare of a face value of re 1each fully paid-up on paymentof the requisite exercise priceto the comto the company





33

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Issue of options exercisable For Abstain Could not vote due tointo not more than 27,15,352 technical reasonsequity shares under ESOPfor the employees of thecompany

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Entering into transaction with For Abstain Could not vote due tothe company’s wholly owned technical reasonssubsidiary, AssociatedIndustries ConsumerProducts Pvt Ltd (AICPPL)for sale of 8,25,540 equityshares of Rs 10 each fullypaid up of jyothy consumerproducts marketing ltd whichare currently held by thecompany for suchconsideration payable byAICPPL, the same being notless than Rs 10

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Payment of remuneration to For Abstain Could not vote due tocost auditors. technical reasons

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Declaration of final dividend For Abstain Could not vote due toand confirmation of interim technical reasonsdividend

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Re-appointment Of Mr K For Abstain Could not vote due toUihas Kamath as a director technical reasons

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Appointment of M/S S R B C For Abstain Could not vote due to& Co LLP, chartered technical reasonsaccountants as auditors

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Re-appointment of For Abstain Could not vote due toMr Ramachandran Panjan technical reasonsMoothedath as ChairmanAnd Managing Director offor 5 years with effectfrom 1.4.2014

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Re-appointment of For Abstain Could not vote due toMr Raghunandan technical reasonsSathyanarayan Rao AsWholetime Director AndCEO of for 3 years with effectfrom 1.6.2014

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Re-appointment of For Abstain Could not vote due toMrs Jyothy Ramachandran technical reasonsas Wholetime director for 3years with effect from1.6.2014

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Appointment of Mr Nilesh For Abstain Could not vote due toBansilal Mehta as an technical reasonsindependent director

Jul-Sep, 2014 13-Aug-14 Jyothy Laboratories AGM M Appointment of Mr Kiliyanat For Abstain Could not vote due toPiliasseri Padmakumar as technical reasonsan independent director

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Appointment of Mr Piyush G For Abstain Could not vote due toMankad as independent technical reasonsdirector

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Appointment of Mr Ashok For Abstain Could not vote due toKumar Basu as independent technical reasonsdirector

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Appointment of Mr Vishaka For Abstain Could not vote due toV Mulye as independent director technical reasons

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Revision of remuneration For Abstain Could not vote due toof Mr Anil Sardana, CEO & MD technical reasons

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Private placement of NCDS For Abstain Could not vote due toupto Rs 7,000 crore technical reasons

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Borrowing upto Rs 27,000 crore For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Creation of charges upto For Abstain Could not vote due toRs 33,750 crore technical reasons





34

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Appointment of branch auditors For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Payment of remuneration to For Abstain Could not vote due tocost auditors technical reasons

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Increase in limits of For Abstain Could not vote due toinvestments in other bodies technical reasonscorporate

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Re-appointment of Mr Cyrus For Abstain Could not vote due toP Mistry as director technical reasons

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Re-appointment of M/S For Abstain Could not vote due toDeloitte, Haskins & Sells, technical reasonsChartered Accountantsas auditors

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Appointment of Mr Ashok S For Abstain Could not vote due toSethi as director technical reasons

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Appointment of Mr Ashok S For Abstain Could not vote due toSethi as ED for the period technical reasonsfrom 07.05.2014 to 31.03.2017

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Appointment of Dr Homiar For Abstain Could not vote due toS Vachha as independent technical reasonsdirector

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Appointment of Mr Nawshir For Abstain Could not vote due toH Mirza as independent director technical reasons

Jul-Sep, 2014 13-Aug-14 Tata Power AGM M Appointment of Mr Deepak For Abstain Could not vote due toM Satwalekar as independent technical reasonsdirector

Jul-Sep, 2014 14-Aug-2014 Tata Steel Ltd AGM M Re-appointment of Mr Ishaat For For Attended 8 out of 9 boardHussain as director meetings held

Jul-Sep, 2014 14-Aug-2014 Tata Steel Ltd AGM M Re-appointment Of Mr Cyrus For For Attended all board meetingsP Mistry as director

Jul-Sep, 2014 14-Aug-2014 Tata Steel Ltd AGM M Appointment of Mr Nusli N For For Attended all board meetingsWadia as independent director

Jul-Sep, 2014 14-Aug-2014 Tata Steel Ltd AGM M Appointment of Mr Jacobus For For Mr. Jacobus Schraven hasSchraven as independent been a non-executivedirector director of the company

since 17th may, 2007 andis considered as anindependent director underclause 49 of the listingagreement.

Jul-Sep, 2014 14-Aug-2014 Tata Steel Ltd AGM M Appointment of Mr O P Bhatt For For Mr. O. P. Bhatt has been aas independent director non-executive director of

the company since 10thJune, 2013 and isconsidered as anindependent directorunderclause 49 of the listingagreement. From 1st July,2006 to 31st march, 2011 hewas as chairman, statebank group which includesamongst others state bankof India, India’s largestcommercial bank, fiveassociate banks in Indiaand five banks overseas.

Jul-Sep, 2014 14-Aug-2014 Tata Steel Ltd AGM M Appointment of Mr Subodh For For Mr. Subodh Bhargava hasBhargava as independent been the non-executivedirector director of the company

since 29th may, 2006 andis considered asan independent directorunder clause 49 of the listingagreement. Mr. SubodhBhargava is a mechanicalengineer from theUniversityof Roorkee. Hewas the group chairman andchief executive officer ofEicher Group of Companies.





35

Jul-Sep, 2014 14-Aug-2014 Tata Steel Ltd AGM M Appointment of Mr T V For For Mr. T. V. Narendran, born inNarendran as director 1965, is a mechanical

engineer from Rec (Nit),Trichy and MBA from IIMCalcutta. Mr. T. V.Narendran joined Tata Steelin 1988 and has heldvarious positions in theTata Steel Group.

Jul-Sep, 2014 14-Aug-2014 Tata Steel Ltd AGM M Appointment ofMr T V For For Mr. T. V. Narendran, born inNarendran as MD, India & 1965, is a mechanicalSouth East Asia for 5 years engineer from Rec (NIT),effective 19.09.2013 Trichy and MBA from IIM

Calcutta. Mr. T. V.Narendran Joined TataSteel in 1988 and has heldvarious positions in theTata Steel Group.

Jul-Sep, 2014 14-Aug-2014 Tata Steel Ltd AGM M Appointment of Mrs Mallika For For Mrs. Mallika SrinivasanSrinivasan as independent has been a non-executivedirector director of the company

since 21st may, 2012 andis considered as anindependent director underclause 49 of the listingagreement. Mrs. Srinivasanis the recipient of thePadma Shri Award in 2014and several businessleadership awards

Jul-Sep, 2014 14-Aug-2014 Tata Steel Ltd AGM M Adoption of accounts For For Normal business

Jul-Sep, 2014 14-Aug-2014 Tata Steel Ltd AGM M Declaration of dividend For For Normal business

Jul-Sep, 2014 14-Aug-2014 Tata Steel Ltd AGM M Re-appointment of M/S For For Normal businessDeloitte Haskins & Sells,chartered accountantsas auditors

Jul-Sep, 2014 14-Aug-2014 Tata Steel Ltd AGM M Ratification of M/S Shome & For For Normal businessBanerjee, cost auditor’sremuneration

Jul-Sep, 2014 16-Aug-14 IPCA Lab PB M Alteration of MOA For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 19-Aug-14 LIC Housing Finance Ltd AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 19-Aug-14 LIC Housing Finance Ltd AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 19-Aug-14 LIC Housing Finance Ltd AGM M Re-appointment of Ms Savita For Abstain Could not vote due toSingh as director technical reasons

Jul-Sep, 2014 19-Aug-14 LIC Housing Finance Ltd AGM M Appointment of M/S Choksi & For Abstain Could not vote due toChokshi And M/S Shah Gupta technical reasons& Co, chartered accountantsas auditors

Jul-Sep, 2014 19-Aug-14 LIC Housing Finance Ltd AGM M Borrow money upto an amount For Abstain Could not vote due tonot exceeding Rs 2,00,000 crore technical reasons

Jul-Sep, 2014 19-Aug-14 LIC Housing Finance Ltd AGM M Issue of reedemable NCDs For Abstain Could not vote due toupto an amount not exceeding technical reasonsRs 38000 crore

Jul-Sep, 2014 19-Aug-14 LIC Housing Finance Ltd AGM M Alteration of AOA For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 19-Aug-14 LIC Housing Finance Ltd AGM M Enter into agreement/ For Abstain Could not vote due totransactions with related parties technical reasons

Jul-Sep, 2014 19-Aug-14 LIC Housing Finance Ltd AGM M Appointment of Ms Sunita For Abstain Could not vote due toSharma &MD & CEO technical reasonsfor 3 years

Jul-Sep, 2014 19-Aug-14 LIC Housing Finance Ltd AGM M Appointment of Mr T V Rao For Abstain Could not vote due toas director technical reasons

Jul-Sep, 2014 19-Aug-14 LIC Housing Finance Ltd AGM M Appointment of Mr S B For Abstain Could not vote due toMainak as director technical reasons

Jul-Sep, 2014 22-Aug-14 Larsen & Toubro AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 22-Aug-14 Larsen & Toubro AGM M Appointment of Mr Subodh For Abstain Could not vote due toBhargava as independent technical reasonsdirector with effect from1.4.2014 to 29.3.2017





36

Jul-Sep, 2014 22-Aug-14 Larsen & Toubro AGM M Appointment of Mr M M For Abstain Could not vote due toChitale as independent technical reasonsdirector with effect from1.4.2014 to 31.3.2019

Jul-Sep, 2014 22-Aug-14 Larsen & Toubro AGM M Appointment of Mr M For Abstain Could not vote due toDamodaran as independent technical reasonsdirector with effect from1.4.2014 to 31.3.2019

Jul-Sep, 2014 22-Aug-14 Larsen & Toubro AGM M Appointment of Mr Vikram For Abstain Could not vote due toSingh Mehta as independent technical reasonsdirector with effect from1.4.2014 to 31.3.2019

Jul-Sep, 2014 22-Aug-14 Larsen & Toubro AGM M Appointment of Mr Adil For Abstain Could not vote due toZainulbhai as independent technical reasonsdirector with effect from30.5.2014 to 29.5..2019

Jul-Sep, 2014 22-Aug-14 Larsen & Toubro AGM M Re-appointment of M/S Sharp For Abstain Could not vote due to& Tannan, Chartered technical reasonsAccountants as auditors

Jul-Sep, 2014 22-Aug-14 Larsen & Toubro AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 22-Aug-14 Larsen & Toubro AGM M The independent directors For Abstain Could not vote due toof the company shall not be technical reasonsliable to retire by rotation

Jul-Sep, 2014 22-Aug-14 Larsen & Toubro AGM M Not filling of vacancy caused For Abstain Could not vote due toby retirement of Mr N Mohan technical reasonsRaj as a director

Jul-Sep, 2014 22-Aug-14 Larsen & Toubro AGM M Not filling of vacancy caused For Abstain Could not vote due toby retirement of Mr S technical reasonsRajgopal as a director

Jul-Sep, 2014 22-Aug-14 Larsen & Toubro AGM M Re-appointment of Mr A K For Abstain Could not vote due toJain as director technical reasons

Jul-Sep, 2014 22-Aug-14 Larsen & Toubro AGM M Not filling of vacancy caused For Abstain Could not vote due toby retirement of Mr S N Talwar technical reasonsas a director

Jul-Sep, 2014 22-Aug-14 Larsen & Toubro AGM M Re-appointment of Mr S N For Abstain Could not vote due toSybramanyan as director technical reasons

Jul-Sep, 2014 22-Aug-14 Larsen & Toubro AGM M Re-appointment of Mr A M For Abstain Could not vote due toNaik as director technical reasons

Jul-Sep, 2014 25-Aug-14 Astral Poly Technik AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 25-Aug-14 Astral Poly Technik AGM M Enter into various related For Abstain Could not vote due toparty transactions technical reasons

Jul-Sep, 2014 25-Aug-14 Astral Poly Technik AGM M Offer, issue and allot securites For Abstain Could not vote due toaggregating to an amount technical reasonsupto Rs 250 crore

Jul-Sep, 2014 25-Aug-14 Astral Poly Technik AGM M Confirmation of interim For Abstain Could not vote due todividend technical reasons

Jul-Sep, 2014 25-Aug-14 Astral Poly Technik AGM M Declaration of final dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 25-Aug-14 Astral Poly Technik AGM M Re-appointment of Mr Kyle For Abstain Could not vote due toThompson as director technical reasons

Jul-Sep, 2014 25-Aug-14 Astral Poly Technik AGM M Re-appointment of M/S For Abstain Could not vote due toDeloitte Haskins & Sells, technical reasonschartered accountantsas auditors

Jul-Sep, 2014 25-Aug-14 Astral Poly Technik AGM M Re-appointment of For Abstain Could not vote due toMrs Jagruti S engineer as technical reasonsWhole-Time Director for 3years effective 01.05.2014

Jul-Sep, 2014 25-Aug-14 Astral Poly Technik AGM M Subdivision of equity shares For Abstain Could not vote due tofrom Rs 2 to Re 1 and technical reasonsalteration of moa

Jul-Sep, 2014 25-Aug-14 Astral Poly Technik AGM M Appointment of Mr K R For Abstain Could not vote due toShenoy as independent director technical reasons

Jul-Sep, 2014 25-Aug-14 Astral Poly Technik AGM M Appointment of Mr Pradip For Abstain Could not vote due toDesai as independent director technical reasons

Jul-Sep, 2014 25-Aug-14 DIVIS Lab AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons





37

Jul-Sep, 2014 25-Aug-14 DIVIS Lab AGM M Re-appointment of Mr N V For Abstain Could not vote due toRamana as ED for 5 years technical reasonseffective 26.12.2014

Jul-Sep, 2014 25-Aug-14 DIVIS Lab AGM M Alteration ofAoA For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 25-Aug-14 DIVIS Lab AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 25-Aug-14 DIVIS Lab AGM M Re-appointment of Mr Kiran For Abstain Could not vote due toS Divi as director technical reasons

Jul-Sep, 2014 25-Aug-14 DIVIS Lab AGM M Appointment of M/S P V R K For Abstain Could not vote due toNageshwara Rao & Co, technical reasonschartered accountantsas auditors

Jul-Sep, 2014 25-Aug-14 DIVIS Lab AGM M Appointment of Mr K V K For Abstain Could not vote due toSeshavataram as independent technical reasonsdirector

Jul-Sep, 2014 25-Aug-14 DIVIS Lab AGM M Appointment of Mrs S Sridevi For Abstain Could not vote due toas independent director technical reasons

Jul-Sep, 2014 25-Aug-14 DIVIS Lab AGM M Appointment of Dr G Suresh For Abstain Could not vote due toKumar as independent director technical reasons

Jul-Sep, 2014 25-Aug-14 DIVIS Lab AGM M Appointment of Mr Ranga Rao For Abstain Could not vote due toas independent director technical reasons

Jul-Sep, 2014 25-Aug-14 Divis Lab AGM M Re-appointment of Dr Murali K For Abstain Could not vote due toDivi As Chairman And technical reasonsManaging Director for 5 yearseffective 10.10.2014

Jul-Sep, 2014 27-Aug-2014 Indian Oil Corporation Ltd AGM M Re-appointment of Mr M Nene For For Attended 12 out of 13 boardas director meetings held

Jul-Sep, 2014 27-Aug-2014 Indian Oil Corporation Ltd AGM M Re-appointment of Mr V S For For Attended all boardOkhde as director meetings

Jul-Sep, 2014 27-Aug-2014 Indian Oil Corporation Ltd AGM M Adoption of accounts For For Normal business

Jul-Sep, 2014 27-Aug-2014 Indian Oil Corporation Ltd AGM M Declaration of dividend For For Normal business

Jul-Sep, 2014 27-Aug-2014 Indian Oil Corporation Ltd AGM M Payment of remuneration of For For Normal businessRs 16.50 lakh to cost auditors

Jul-Sep, 2014 27-Aug-2014 Indian Oil Corporation Ltd AGM M Appointment of Mr Sanjiv For Abstain Not proper informationSingh as director (refineries) available

Jul-Sep, 2014 27-Aug-2014 Indian Oil Corporation Ltd AGM M Appointment of Mr Ashok For Abstain Not proper informationBalasubramanian as chairman available

Jul-Sep, 2014 27-Aug-14 N T P C AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 27-Aug-14 N T P C AGM M Declaration of final dividend For Abstain Could not vote due toand confirmation of interim technical reasonsdividend

Jul-Sep, 2014 27-Aug-14 N T P C AGM M Re-appointment of Mr I J For Abstain Could not vote due toKapoor as director technical reasons

Jul-Sep, 2014 27-Aug-14 N T P C AGM M Remuneration of auditors For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 27-Aug-14 N T P C AGM M Appointment of Mr S C Pandey For Abstain Could not vote due toas director (projects) technical reasons

Jul-Sep, 2014 27-Aug-14 N T P C AGM M Appointment of Mr Kulamani For Abstain Could not vote due toBiswal as director (finance) technical reasons

Jul-Sep, 2014 27-Aug-14 N T P C AGM M Appointment of Dr Pradeep For Abstain Could not vote due toKumar as director technical reasons

Jul-Sep, 2014 27-Aug-14 N T P C AGM M To raise funds upto Rs 13,000 For Abstain Could not vote due tocrore through issue of bonds / technical reasonsdebentures on privateplacement basis

Jul-Sep, 2014 27-Aug-14 N T P C AGM M Ratification of remuneration For Abstain Could not vote due toof the cost auditors technical reasons

Jul-Sep, 2014 28-Aug-2014 Engineers India Ltd AGM M Re-appointment of Mr Ram For For Attended all board meetingsSingh as director

Jul-Sep, 2014 28-Aug-2014 Engineers India Ltd AGM M Re-appointment of Ms Veena For For Attended all board meetingsSwarup as director

Jul-Sep, 2014 28-Aug-2014 Engineers India Ltd AGM M Adoption of accounts For For Normal business

Jul-Sep, 2014 28-Aug-2014 Engineers India Ltd AGM M Declaration of dividend For For Normal business

Jul-Sep, 2014 28-Aug-2014 Engineers India Ltd AGM M Appointment of auditors and For For Normal businessfix their remuneration





38

Jul-Sep, 2014 1-Sep-2014 Ntpc Limited PB M Increase the borrowing limit For For Regular course of businessof the company fromRs 1,00,000 crore toRs 1,50,000 crore

Jul-Sep, 2014 1-Sep-2014 Ntpc Limited PB M Create charge on the assets For For Regular course of businessof the company

Jul-Sep, 2014 2-Sep-2014 Ing Vysya Bank Ltd PB M Borrow money upto an For For Regular course of businessamount not exceedingRs 20,000 crore

Jul-Sep, 2014 2-Sep-2014 Ing Vysya Bank Ltd PB M Issue of securities through For For Regular course of businessprivate placement uptoRs 700 crore

Jul-Sep, 2014 3-Sep-2014 Container Corp.Of India Ltd AGM M Re-appointment of Mr Harpreet For For Attended all boardSingh as director meetings

Jul-Sep, 2014 3-Sep-2014 Container Corp.Of India Ltd AGM M Re-appointment of Mr Yash For For Attended all boardVardhan as director meetings

Jul-Sep, 2014 3-Sep-2014 Container Corp.Of India Ltd AGM M Appointment of Mr Arvind For For Attended all boardBhatnagar as director meetings since hiseffective 9.9.2013 and shall appointment 9.9.2013be liable to retire by rotation

Jul-Sep, 2014 3-Sep-2014 Container Corp.Of India Ltd AGM M Adoption of accounts For For Normal business

Jul-Sep, 2014 3-Sep-2014 Container Corp.Of India Ltd AGM M Confirmation of payment of For For Normal businessinterim dividend anddeclaration of final dividend

Jul-Sep, 2014 3-Sep-2014 Container Corp.Of India Ltd AGM M Appointment of M/S Kumar For For Normal businessVijay Gupta & Co, charteredaccountants as auditors

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Appointment of Mr Shigetoshi For For Appointment by parent, hisTorii As Wholetime Director experience will benefit thedesignated as director- company and board.production

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Appointment of Mr S M For For Attended 75% meetingsThakore as independent director

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Appointment of Mrs Lalita D For For Attended 75% meetingsGupte as independent director

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Appointment of Mr Vimal For Against Attended less than 75%Bhandari as independent meetingsdirector

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Appointment of Ms Pallavi For Against Attended less than 75%Shroff as independent meetingsdirector for 5 years

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Re-appointment of Mr S K For For Attended more than 75%Chaturvedi as director meetings

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Re-appointment of Mr B P For For Attended more than 75%Kalyani as director meetings

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Appointment of Mr P G Pawar For For Attended more than 75%as independent director meetings

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Appointment of Mr P H For For Attended more than 75%Ravikumar as independent meetingsdirector

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Appointment of Mr Naresh For For Attended more than 75%Narad as independent director meetings

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Appointment of Dr Tridibesh For For Attended more than 75%Mukherjee as independent meetingsdirector

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Re-appointment of Mr Amit B For For Attended more than 75%Kalyani as executive director meetingsfor 5 years effective 11.5.2014upto 10.5.2019

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Re-appointment of Mr R C For For Attended more than 75%Bhargava as director meetings

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Re-appointment of Mr For For Attended more than 75%Kazuhiko Ayabe as director meetings

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Appointment of Mr Toshiaki For For Attended more than 75%Hasuike as director meetings

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Appointment of Mr Masayuki For For Attended more than 75%Kamiya as Wholetime Director meetingsdesignated as director-production





39

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Appointment of Mr Amal For For Attended more than 75%Ganguli as independent meetingsdirector for 5 years

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Appointment of Mr D S Brar For For Attended more than 75%as independent director for meetings5 years

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Appointment of Mr R P Singh For For Attended more than 75%as independent director for meetings5 years

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Increase of remuneration of For For Inline with industryMr Toshiaki Hasuike as it standard and Maruti is amanaging director highly profitable company

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Increase of remuneration of For For Inline with industryMr Kenichi Ayukawa as standard and Maruti is aManaging Director & CEO highly profitable companyfrom time to time

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Increase of remuneration of For For Inline with industryMr Toshiaki Hasuike as it standard and Maruti is amanaging director from time highly profitable companyto time

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Increase of remuneration of For For Inline with industryMr Kazuhiko Ayabe as standard and Maruti is adirector and managing highly profitable companyexecutive officer - supplychain from time to time

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Approval to payment of For For Inline with industrycommission to non-executive standard and maruti is adirectors highly profitable company

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Adoption of accounts For For Normal Business

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Declaration of dividend For For Normal Business

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Payment of commission to For Abstain Proper Information Notnon-whole-time director not Available.exceeding 1% of net profit perannum for 5 financial yearscommencing from 1.4.2014

Jul-Sep, 2014 4-Sep-2014 Bharat Petroleum Corpo Ltd PB M Borrowing powers For For Regular course of business

Jul-Sep, 2014 4-Sep-2014 Bharat Petroleum Corpo Ltd PB M Issue of debt securities by For For Regular course of businessprivate placement.

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Adoption of accounts For For Regular course of business

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Confirmation of interim For For Regular course of businessdividend and declarationof final dividend

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Appointment of M/S S R B C For For Regular course of business& Co LLP, charteredaccountants as auditors

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Borrow upto Rs 15,000 millions For For Regular course of business

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Payment of remuneration of For For Regular course of businessRs 9,00,000 to cost auditorsM/S Dhananjay V Joshi &Associates, cost accountant

Jul-Sep, 2014 4-Sep-2014 Maruti Suzuki India Ltd AGM M Re-appointment of M/S Price For For Regular course of businessWaterhouse, CharteredAccountants as auditors

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Creation of charge upto For For Regular part of businessRs 30,000 million since long time.

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Enter into various related For For Regular part of businessparty transactions with since long time.Kalyani Carpenter SpecialSteels Ltd

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Enter into various related For For Regular part of businessparty transactions with since long time.Kalyani Steels Ltd

Jul-Sep, 2014 4-Sep-2014 Bharat Forge Ltd AGM M Enter into various related For For Regular part of businessparty transactions with since long time.Bharat Forge International Ltd

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Appointment of Mr Asutosh For Abstain Could not vote due toSen as independent director technical reasons





40

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Re-appointment of For Abstain Could not vote due toMr Sukumar Dutta as technical reasonswhole-time director for 3years effective 1.9.2015

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Re-appointment of Mr Amiyo For Abstain Could not vote due toKumar Chatterjee as technical reasonswhole-time director for 3 yearseffective 30.5.2015

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Borrow upto Rs 5,000 crore For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Creation of charge For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Offer, issue and allot non- For Abstain Could not vote due toconvertible debentures technical reasonsaggregating to an amountupto Rs 350 crore

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Alteration of AOA For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Re-appointment of Mr Amitabh For Abstain Could not vote due toDas Mundhra as director technical reasons

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Re-Appointment of M/S Price For Abstain Could not vote due toWatehouse, Chartered technical reasonsAccountants as auditors for3 Years upto conclusion of99th AGM in 2017

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Re-Appointment Of M/S H S For Abstain Could not vote due toBhattacharjee & Co, technical reasonsChartered Accountants asauditors for 5 Years uptoconclusion of 101st AGMIn 2019

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Appointment of Mr Nripendra For Abstain Could not vote due toNath Bhattacharyya as technical reasonsindependent director

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Appointment of Mr Bhaskar For Abstain Could not vote due toSengupta as independent technical reasonsdirector

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Appointment of Dr Rajagopalan For Abstain Could not vote due toNatarajan as independent technical reasonsdirector

Jul-Sep, 2014 4-Sep-14 Simplex Infrastructure AGM M Appointment of Mr Sheo For Abstain Could not vote due toKishan Damani as technical reasonsindependent director

Jul-Sep, 2014 5-Sep-14 Hindustan Petroleum AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 5-Sep-14 Hindustan Petroleum AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 5-Sep-14 Hindustan Petroleum AGM M Re-appointment of Dr Subhash For Abstain Could not vote due toChandra Kuntia as director technical reasons

Jul-Sep, 2014 5-Sep-14 Hindustan Petroleum AGM M Re-appointment of Mr Pushp For Abstain Could not vote due toKumar Joshi as director technical reasons

Jul-Sep, 2014 5-Sep-14 Hindustan Petroleum AGM M Payment of remuneration of For Abstain Could not vote due toRs 2,95,000 to cost auditors technical reasonsM/S R Nanabhoy & Co andMr Rohit J Vora

Jul-Sep, 2014 5-Sep-14 Ultratech Cement PB M Adoption of new AOA For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 5-Sep-14 Ultratech Cement PB M Borrow money upto an For Abstain Could not vote due toamount not exceeding technical reasonsRs 2000 crore

Jul-Sep, 2014 5-Sep-14 Ultratech Cement PB M Creation of charge on assets For Abstain Could not vote due toof the company technical reasons

Jul-Sep, 2014 5-Sep-14 Ultratech Cement PB M Issue of NCDS on private For Abstain Could not vote due toplacement basis upto an technical reasonsamount not exceedingRs 5000 crore

Jul-Sep, 2014 5-Sep-14 Ultratech Cement PB M Payment of commission to For Abstain Could not vote due tonon executive directors technical reasons





41

Jul-Sep, 2014 6-Sep-2014 Nhpc Ltd PB M Authorization to the board of For For Business requirementdirectors for mortgagingand/or creating charge on allor any of the movable orimmovable assets and / orimmovable property of thecompany for securingborrowings for the purposeof the company

Jul-Sep, 2014 6-Sep-2014 Nhpc Ltd PB M Increase in borrowing powers For For Business requirementup to Rs 30,000 crore

Jul-Sep, 2014 6-Sep-2014 Nhpc Ltd PB M Issue of secured / unsecured For For Business requirementredeemable non-convertibledebentures / bondsaggregating up to Rs 2500crore through private placement

Jul-Sep, 2014 6-Sep-14 Nhpc PB M Authorization to the board of For Abstain Could not vote due todirectors for mortgaging technical reasonsand/or creating charge on allor any of the movable orimmovable assets and / orimmovable property of thecompany for securingborrowings for the purposeof the company

Jul-Sep, 2014 6-Sep-14 Nhpc PB M Increase in borrowing For Abstain Could not vote due topowers up to rs 30,000 crore technical reasons

Jul-Sep, 2014 6-Sep-14 Nhpc PB M Issue of secured / unsecured For Abstain Could not vote due toredeemable non-convertible technical reasonsdebentures / bondsaggregating up to Rs 2500crore through privateplacement

Jul-Sep, 2014 9-Sep-2014 Ambuja Cement Ltd PB M Alteration of main object For For Alterations are intendedclause moa towards csr activities and

skill development

Jul-Sep, 2014 9-Sep-2014 Itc Ltd PB M Appointment of Mr Anil Baijal For For Attended all boardas independent director meetingsfor 5 years

Jul-Sep, 2014 9-Sep-2014 Itc Ltd PB M Appointment of Mr Serajul For For Attended all boardHaq Khan as independent meetingsdirector for 3 years

Jul-Sep, 2014 9-Sep-2014 Itc Ltd PB M Appointment of Mr Sunil For For Attended all boardBehari Mathur as meetingsindependent director for5 years

Jul-Sep, 2014 9-Sep-2014 Itc Ltd PB M Appointment of For For Attended all boardMr Pillappakkam meetingsBahukutumbi Ramanujamas independent directorfor 5 years

Jul-Sep, 2014 9-Sep-2014 Itc Ltd PB M Appointment of Mr Sahibzada For For Attended all boardSyed Habib-Ur-Rehman as meetingsindependent director for5 years

Jul-Sep, 2014 9-Sep-2014 Itc Ltd PB M Appointment of Ms Meera For For Attended all boardShankar as independent meetingsdirector for 5 years

Jul-Sep, 2014 9-Sep-2014 Itc Ltd PB M Appointment of Mr Arun For Abstain Not much informationDuggal as independent availabledirector for 5 years

Jul-Sep, 2014 9-Sep-14 Torrent Power PB M Enhancement of borrowing For Abstain Could not vote due tolimits from Rs 1200 crore to technical reasonsRs 13500 crore

Jul-Sep, 2014 9-Sep-14 Torrent Power PB M Creation of charge on assets For Abstain Could not vote due toof the company technical reasons

Jul-Sep, 2014 10-Sep-14 Coal India AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 10-Sep-14 Coal India AGM M Payment of remuneration to For Abstain Could not vote due tocost auditors technical reasons

Jul-Sep, 2014 10-Sep-14 Coal India AGM M Alteration of AOA For Abstain Could not vote due totechnical reasons





42

Jul-Sep, 2014 10-Sep-14 Coal India AGM M Confirmation of payment of For Abstain Could not vote due tointerim dividend as dividend technical reasonsfor 2013-14

Jul-Sep, 2014 10-Sep-14 Coal India AGM M Re-appointment of Dr A K For Abstain Could not vote due toDubey as director technical reasons

Jul-Sep, 2014 10-Sep-14 Coal India AGM M Appointment of Dr R N Trivedi For Abstain Could not vote due toas independent director technical reasons

Jul-Sep, 2014 10-Sep-14 Coal India AGM M Appointment of Mr Alok Perti For Abstain Could not vote due toas independent director technical reasons

Jul-Sep, 2014 10-Sep-14 Coal India AGM M Appointment of Mr C For Abstain Could not vote due toBalakrishnan as independent technical reasonsdirector

Jul-Sep, 2014 10-Sep-14 Coal India AGM M Appointment of Dr Noor For Abstain Could not vote due toMohammad as independent technical reasonsdirector

Jul-Sep, 2014 10-Sep-14 Coal India AGM M Appointment of Mr Shri For Abstain Could not vote due toPrakash as independent technical reasonsdirector

Jul-Sep, 2014 10-Sep-14 Coal India AGM M Appointment of Prof Indranil For Abstain Could not vote due toManna as independent director technical reasons

Jul-Sep, 2014 11-Sep-14 Ambuja Cements Egm M For appointment of the existing For Abstain Could not vote due toindependent directors as technical reasonsindependent directors underthe companies act, 2013.

Jul-Sep, 2014 11-Sep-14 Ambuja Cements Egm M For appointment of the existing For Abstain Could not vote due toindependent directors as technical reasonsindependent directors underthe companies act, 2013.

Jul-Sep, 2014 12-Sep-14 Indraprastha Gas AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 12-Sep-14 Indraprastha Gas AGM M Approval to payment of For Abstain Could not vote due tocommission to non-executive technical reasonsdirectors.

Jul-Sep, 2014 12-Sep-14 Indraprastha Gas AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 12-Sep-14 Indraprastha Gas AGM M Re-appointment of Mr K K For Abstain Could not vote due toGupta as director technical reasons

Jul-Sep, 2014 12-Sep-14 Indraprastha Gas AGM M “Appointment of M/S Deloitte For Abstain Could not vote due toHaskins & Sells, chartered technical reasonsaccountants as auditors”

Jul-Sep, 2014 12-Sep-14 Indraprastha Gas AGM M Appointment of Mr Gyanesh For Abstain Could not vote due toBharti as director technical reasons

Jul-Sep, 2014 12-Sep-14 Indraprastha Gas AGM M Appointment of Mr S S Rao For Abstain Could not vote due toas independent director technical reasons

Jul-Sep, 2014 12-Sep-14 Indraprastha Gas AGM M Appointment of Mr Santosh For Abstain Could not vote due toKumar Bajpai as independent technical reasonsdirector

Jul-Sep, 2014 12-Sep-14 Indraprastha Gas AGM M Appointment of Prof V For Abstain Could not vote due toRanganathan as independent technical reasonsdirector

Jul-Sep, 2014 12-Sep-14 Indraprastha Gas AGM M Remuneration of cost auditor For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 13-Sep-14 Balkrishna Ind AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 13-Sep-14 Balkrishna Ind AGM M Appointment of Mr Rajiv A For Abstain Could not vote due toPoddar as joint Managing technical reasonsDirector

Jul-Sep, 2014 13-Sep-14 Balkrishna Ind AGM M Borrow upto Rs 5,000 crore For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 13-Sep-14 Balkrishna Ind AGM M Creation of charge upto For Abstain Could not vote due toRs 5,000 crore technical reasons

Jul-Sep, 2014 13-Sep-14 Balkrishna Ind AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 13-Sep-14 Balkrishna Ind AGM M Re-appointment of Mr Vipul For Abstain Could not vote due toShah as director & company technical reasonssecretary

Jul-Sep, 2014 13-Sep-14 Balkrishna Ind AGM M Appointment of M/S Jayantilal For Abstain Could not vote due toThakkar & Co, chartered technical reasonsaccountants as auditors





43

Jul-Sep, 2014 13-Sep-14 Balkrishna Ind AGM M Appointment of Mr Sachin For Abstain Could not vote due toNath Chaturvedi as technical reasonsindependent director

Jul-Sep, 2014 13-Sep-14 Balkrishna Ind AGM M Appointment of Mr Khurshed For Abstain Could not vote due toDoongaji as independent technical reasonsdirector

Jul-Sep, 2014 13-Sep-14 Balkrishna Ind AGM M Appointment of Mr Ashok For Abstain Could not vote due toSaraf as independent director technical reasons

Jul-Sep, 2014 13-Sep-14 Balkrishna Ind AGM M Appointment of Mr Laxmidas For Abstain Could not vote due toMerchant as independent technical reasonsdirector

Jul-Sep, 2014 13-Sep-14 Balkrishna Ind AGM M Appointment of Mr Sanjay For Abstain Could not vote due toAsher as independent director technical reasons

Jul-Sep, 2014 13-Sep-14 M R P L AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 13-Sep-14 M R P L AGM M Re-appointment of Mr P For Abstain Could not vote due toKalyanasundaram as director technical reasons

Jul-Sep, 2014 13-Sep-14 M R P L AGM M Re-appointment of Mr B K For Abstain Could not vote due toNamdeo as director technical reasons

Jul-Sep, 2014 13-Sep-14 M R P L AGM M Appointment of auditors For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 13-Sep-14 M R P L AGM M Appointment of Mr D K For Abstain Could not vote due toSarraf as director effective technical reasons1.3.2014

Jul-Sep, 2014 13-Sep-14 M R P L AGM M Increase in authorised share For Abstain Could not vote due tocapital from Rs 2 crore to technical reasonsRs 3 crore

Jul-Sep, 2014 13-Sep-14 M R P L AGM M Alteration of AOA For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 16-Sep-14 Oriental Bnk Of Comm Egm M Raise capital for an amount For Abstain Could not vote due tonot exceeding Rs 1500 crore technical reasons

Jul-Sep, 2014 16-Sep-14 Oriental Bnk Of Comm Egm M Elect 3 directors from amongst For Abstain Could not vote due toshareholders of the bank technical reasons

Jul-Sep, 2014 17-Sep-14 Gail (India) AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 17-Sep-14 Gail (India) AGM M Borrow upto Rs 2,000 crore For Abstain Could not vote due tothrough private placement technical reasons

Jul-Sep, 2014 17-Sep-14 Gail (India) AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 17-Sep-14 Gail (India) AGM M Re-appointment of Mr Prabhat For Abstain Could not vote due toSingh as director technical reasons

Jul-Sep, 2014 17-Sep-14 Gail (India) AGM M Re-appointment of Mr P K For Abstain Could not vote due toSingh as director technical reasons

Jul-Sep, 2014 17-Sep-14 Gail (India) AGM M Appointment of auditors For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 17-Sep-14 Gail (India) AGM M Approval for framework For Abstain Could not vote due toagreement with Ratnagiri Gas technical reasonsand Power Pvt Ltd

Jul-Sep, 2014 17-Sep-14 Gail (India) AGM M Appointment of Dr Ashutosh For Abstain Could not vote due toKarnatak as director liable to technical reasonsretire by rotation

Jul-Sep, 2014 17-Sep-14 Gail (India) AGM M Payment ofremuneration to For Abstain Could not vote due towhole-time directors technical reasons

Jul-Sep, 2014 17-Sep-14 Gail (India) AGM M Payment of remuneration to For Abstain Could not vote due tocost auditors technical reasons

Jul-Sep, 2014 17-Sep-14 Kotak Mahindra Bank PB M Issue of NCDS on private For Abstain Could not vote due toplacement basis for an technical reasonsamount upto Rs 5000 crore

Jul-Sep, 2014 17-Sep-14 Siemens PB M To sell and transfer the For Abstain Could not vote due tocompany’s metals technical reasonstechnologies business

Jul-Sep, 2014 18-Sep-14 Beml AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 18-Sep-14 Beml AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 18-Sep-14 Beml AGM M Re-appointment of Mr P R For Abstain Could not vote due toNaik as director technical reasons

Jul-Sep, 2014 18-Sep-14 Beml AGM M Re-appointment of Mr Rajnish For Abstain Could not vote due toKumar as director technical reasons





44




Jul-Sep, 2014 18-Sep-14 Beml AGM M Re-appointment of Mr C N For Abstain Could not vote due toDurgesh as director technical reasons

Jul-Sep, 2014 18-Sep-14 Beml AGM M Payment of remuneration For Abstain Could not vote due toauditors technical reasons

Jul-Sep, 2014 18-Sep-14 Beml AGM M Appointment of Mr Pradeep For Abstain Could not vote due toSwaminathan as director technical reasons(finance) and appointment ofMr Aniruddh Kumar asdirector (Rail & Metro Business)

Jul-Sep, 2014 18-Sep-14 Bharat Petroleum AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 18-Sep-14 Bharat Petroleum AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 18-Sep-14 Bharat Petroleum AGM M Re-appointment of Mr S P For Abstain Could not vote due toGathoo as director technical reasons

Jul-Sep, 2014 18-Sep-14 Bharat Petroleum AGM M Payment of remuneration For Abstain Could not vote due toto auditors technical reasons

Jul-Sep, 2014 18-Sep-14 Bharat Petroleum AGM M Appointment of Mr P H Kurian For Abstain Could not vote due toas director technical reasons

Jul-Sep, 2014 18-Sep-14 Bharat Petroleum AGM M Appointment of Mr P For Abstain Could not vote due toBalasubramanian as director technical reasons(finance)

Jul-Sep, 2014 18-Sep-14 Bharat Petroleum AGM M Appointment of Prof Jayanath For Abstain Could not vote due toR Varma as independent technical reasonsdirector

Jul-Sep, 2014 18-Sep-14 Bharat Petroleum AGM M Appointment of Mr B For Abstain Could not vote due toChakrabarti as independent technical reasonsdirector

Jul-Sep, 2014 18-Sep-14 Bharat Petroleum AGM M Payment of remuneration to For Abstain Could not vote due tocost auditors M/S Rohit & technical reasonsAssociates And M/SMusib& Company, Cost Accountants

Jul-Sep, 2014 18-Sep-14 Gmr Infrastructure AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 18-Sep-14 Gmr Infrastructure AGM M Appointment of Mr S For Abstain Could not vote due toRagagopal as independent technical reasonsdirector

Jul-Sep, 2014 18-Sep-14 Gmr Infrastructure AGM M Appointment of Mr V Santhana For Abstain Could not vote due toRaman as independent director technical reasons

Jul-Sep, 2014 18-Sep-14 Gmr Infrastructure AGM M Appointment of Mr C R For Abstain Could not vote due toMuralidharan as independent technical reasonsdirector

Jul-Sep, 2014 18-Sep-14 Gmr Infrastructure AGM M Increase in number of For Abstain Could not vote due todirectors from 15 to 16 & technical reasonsalteration ofAOA

Jul-Sep, 2014 18-Sep-14 Gmr Infrastructure AGM M Offer, issue and allot securites For Abstain Could not vote due toaggregating to an amount technical reasonsupto Rs 2,500 crore

Jul-Sep, 2014 18-Sep-14 Gmr Infrastructure AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 18-Sep-14 Gmr Infrastructure AGM M Re-appointment of Mr O For Abstain Could not vote due toBangaru Raju as director technical reasons

Jul-Sep, 2014 18-Sep-14 Gmr Infrastructure AGM M Re-appointment of Mr Srinivas For Abstain Could not vote due toBommidala as director technical reasons

Jul-Sep, 2014 18-Sep-14 Gmr Infrastructure AGM M Appointment of M/S S R For Abstain Could not vote due toBatliboi & Associates LLP, technical reasonschartered accountants asauditors

Jul-Sep, 2014 18-Sep-14 Gmr Infrastructure AGM M Appointment of Dr Prakash For Abstain Could not vote due toG Apte as independent director technical reasons

Jul-Sep, 2014 18-Sep-14 Gmr Infrastructure AGM M Appointment of Mr R S S L N For Abstain Could not vote due toBhaskarudu as independent technical reasonsdirector

Jul-Sep, 2014 18-Sep-14 Gmr Infrastructure AGM M Appointment of Mr N C For Abstain Could not vote due toSarabeswaran as technical reasonsindependent director

Jul-Sep, 2014 18-Sep-14 Gmr Infrastructure AGM M Appointment of Mr S Sandilya For Abstain Could not vote due toas independent director technical reasons

Jul-Sep, 2014 18-Sep-14 Petronet Lng AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons


45




Jul-Sep, 2014 18-Sep-14 Petronet Lng AGM M Appointment of Mr Arun Kumar For Abstain Could not vote due toMisra as independent director technical reasons

Jul-Sep, 2014 18-Sep-14 Petronet Lng AGM M Payment of remuneration to For Abstain Could not vote due toM/S Sanjay Gupta & technical reasonsAssociates as cost auditors

Jul-Sep, 2014 18-Sep-14 Petronet Lng AGM M Increase in number of directors For Abstain Could not vote due tofrom 16 to 18 technical reasons

Jul-Sep, 2014 18-Sep-14 Petronet Lng AGM M Declaration of dividend on For Abstain Could not vote due toequity shares technical reasons

Jul-Sep, 2014 18-Sep-14 Petronet Lng AGM M Re-appointment of Mr B C For Abstain Could not vote due toTripathi as director technical reasons

Jul-Sep, 2014 18-Sep-14 Petronet Lng AGM M Re-appointment of Mr Tapan For Abstain Could not vote due toRay as director technical reasons

Jul-Sep, 2014 18-Sep-14 Petronet Lng AGM M Appointment of M/S T R For Abstain Could not vote due toChandra & Co, Chartered technical reasonsAccountants as auditors

Jul-Sep, 2014 18-Sep-14 Petronet Lng AGM M Appointment of Mr S For Abstain Could not vote due toVaradarajan as director technical reasons

Jul-Sep, 2014 18-Sep-14 Petronet Lng AGM M Appointment of Mr D K For Abstain Could not vote due toSarraf as director technical reasons

Jul-Sep, 2014 18-Sep-14 Petronet Lng AGM M Appointment of Mr Saurabh For Abstain Could not vote due toChandra as director technical reasons

Jul-Sep, 2014 18-Sep-14 Petronet Lng AGM M Appointment of Mr Philip For Abstain Could not vote due toOlivier as director technical reasons

Jul-Sep, 2014 18-Sep-14 Power Grid Corp Of India AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 18-Sep-14 Power Grid Corp Of India AGM M Confirmation of interim For Abstain Could not vote due todividend & declaration of technical reasonsfinal dividend

Jul-Sep, 2014 18-Sep-14 Power Grid Corp Of India AGM M Re-appointment of Mr I S For Abstain Could not vote due toJha as director technical reasons

Jul-Sep, 2014 18-Sep-14 Power Grid Corp Of India AGM M Re-appointment of Mr R T For Abstain Could not vote due toAgarwal as director technical reasons

Jul-Sep, 2014 18-Sep-14 Power Grid Corp Of India AGM M Payment of remuneration to For Abstain Could not vote due toM/S S K Mehta & Co & technical reasonsM/S Sagar & Associatesas auditors

Jul-Sep, 2014 18-Sep-14 Power Grid Corp Of India AGM M Appointment of Dr Pradeep For Abstain Could not vote due toKumar as director effective technical reasons19.9.2013 liable to retireby rotation

Jul-Sep, 2014 18-Sep-14 Power Grid Corp Of India AGM M Appointment of Mrs Jyoti For Abstain Could not vote due toArora as director effective technical reasons20.3.2014 liable to retireby rotation

Jul-Sep, 2014 18-Sep-14 Power Grid Corp Of India AGM M Payment of remuneration to For Abstain Could not vote due tocost auditors M/S K G Goyal technical reasons& Associates, Cost Accountant

Jul-Sep, 2014 18-Sep-14 Power Grid Corp Of India AGM M Raising of foreign currency For Abstain Could not vote due tobonds upto Rs 13,500 crore technical reasons

Jul-Sep, 2014 18-Sep-14 Rural Electrificatio AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 18-Sep-14 Rural Electrificatio AGM M Confirmation of interim For Abstain Could not vote due todividend & declaration of technical reasonsfinal dividend

Jul-Sep, 2014 18-Sep-14 Rural Electrificatio AGM M Re-appointment of Mr Ajeet For Abstain Could not vote due toKumar Agarwal as director technical reasons

Jul-Sep, 2014 18-Sep-14 Rural Electrificatio AGM M Payment of remuneration For Abstain Could not vote due toauditors technical reasons

Jul-Sep, 2014 18-Sep-14 Rural Electrificatio AGM M Raising of funds upto For Abstain Could not vote due to35,000 crore technical reasons

Jul-Sep, 2014 18-Sep-14 Rural Electrificatio AGM M Contracts of arrangements or For Abstain Could not vote due totransactions with related technical reasonsparties upto 2% of the turnoverfor the preceedingFY 2013-2014

Jul-Sep, 2014 19-Sep-14 Amara Raja Batt PB M Enter into lease agreement For Abstain Could not vote due towith Amara Raja Infra Private technical reasonsLimited on a long term basisfor 99 years


46




Jul-Sep, 2014 19-Sep-14 Bharat Heavy Elect AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 19-Sep-14 Bharat Heavy Elect AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 19-Sep-14 Bharat Heavy Elect AGM M Re-appointment of Mr R For Abstain Could not vote due toKrishnan as director technical reasons

Jul-Sep, 2014 19-Sep-14 Bharat Heavy Elect AGM M Re-appointment of Mr W V K For Abstain Could not vote due toKrishna Shankar as director technical reasons

Jul-Sep, 2014 19-Sep-14 Bharat Heavy Elect AGM M Fix remuneration of auditors For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 19-Sep-14 Bharat Heavy Elect AGM M Payment of remuneration to For Abstain Could not vote due tocost auditors technical reasons

Jul-Sep, 2014 19-Sep-14 Bharat Heavy Elect AGM M Appointment of Mr Atul Sobti For Abstain Could not vote due toas director technical reasons

Jul-Sep, 2014 19-Sep-14 Bharat Heavy Elect AGM M Appointment of Mr S K Bahri For Abstain Could not vote due toas director technical reasons

Jul-Sep, 2014 19-Sep-14 Bharat Heavy Elect AGM M Appointment of Ms Harinder For Abstain Could not vote due toHira as independent director technical reasons

Jul-Sep, 2014 25-Sep-14 Bharat Electronics AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 25-Sep-14 Bharat Electronics AGM M Confirmation of interim For Abstain Could not vote due todividend of Rs 6 per share technical reasonsand declaration of final dividend

Jul-Sep, 2014 25-Sep-14 Bharat Electronics AGM M Re-appointment of Mr M L For Abstain Could not vote due toShanmukh as director technical reasons

Jul-Sep, 2014 25-Sep-14 Bharat Electronics AGM M Re-appointment of Mr P C For Abstain Could not vote due toJain as director technical reasons

Jul-Sep, 2014 25-Sep-14 Bharat Electronics AGM M Appointment of lt. Gen. C A For Abstain Could not vote due toKrishnan, Uysm, AVSM technical reasonsas director

Jul-Sep, 2014 25-Sep-14 Bharat Electronics AGM M Appointment of Mr P R For Abstain Could not vote due toAcharya as director technical reasons

Jul-Sep, 2014 25-Sep-14 Bharat Electronics AGM M Appointment of Mr Manmohan For Abstain Could not vote due toHanda as director technical reasons

Jul-Sep, 2014 25-Sep-14 Bharat Electronics AGM M Ratification of remuneration For Abstain Could not vote due toto M/S Psv & Associates, technical reasonsCost Auditors

Jul-Sep, 2014 25-Sep-14 Ge Shipping AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 25-Sep-14 Ge Shipping AGM M Appointment of Mr Tapas Icot For Abstain Could not vote due toas director technical reasons

Jul-Sep, 2014 25-Sep-14 Ge Shipping AGM M Appointment of Mr Tapas Icot For Abstain Could not vote due toas executive director for 5 technical reasonsyears effective 12.08.2014

Jul-Sep, 2014 25-Sep-14 Ge Shipping AGM M Adoption of new set of AOA For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 25-Sep-14 Ge Shipping AGM M Borrow upto Rs 6000 crore For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 25-Sep-14 Ge Shipping AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 25-Sep-14 Ge Shipping AGM M Re-appointment of Mr K M For Abstain Could not vote due toSheth as director technical reasons

Jul-Sep, 2014 25-Sep-14 Ge Shipping AGM M Re-appointment of For Abstain Could not vote due toM/S Kalyaniwalla & Mistry, technical reasonschartered accountantsas auditors

Jul-Sep, 2014 25-Sep-14 Ge Shipping AGM M Appointment of Mr Cyrus For Abstain Could not vote due toGuzder as independent director technical reasons

Jul-Sep, 2014 25-Sep-14 Ge Shipping AGM M Appointment of Mr Keki Mistry For Abstain Could not vote due toas independent director technical reasons

Jul-Sep, 2014 25-Sep-14 Ge Shipping AGM M Appointment of Mr Vineet For Abstain Could not vote due toNayyar as independent director technical reasons

Jul-Sep, 2014 25-Sep-14 Ge Shipping AGM M Appointment of Mr Berjis Desai For Abstain Could not vote due toas independent director technical reasons

Jul-Sep, 2014 25-Sep-14 Ge Shipping AGM M Appointment of Dr Rajiv B Lall For Abstain Could not vote due toas independent director technical reasons

Jul-Sep, 2014 26-Sep-14 Nhpc AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons


47




Jul-Sep, 2014 26-Sep-14 Nhpc AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 26-Sep-14 Nhpc AGM M Re-appointment of Mr D P For Abstain Could not vote due toBhargava as director technical reasons

Jul-Sep, 2014 26-Sep-14 Nhpc AGM M Re-appointment of Mr J K For Abstain Could not vote due toSharma as director technical reasons

Jul-Sep, 2014 26-Sep-14 Nhpc AGM M To fix remuneration of the For Abstain Could not vote due tojoint statutory auditors technical reasons

Jul-Sep, 2014 26-Sep-14 Nhpc AGM M Appointment of Mr Shantikam For Abstain Could not vote due toHazarika as independent director technical reasons

Jul-Sep, 2014 26-Sep-14 Nhpc AGM M Appointment of Mr A For Abstain Could not vote due toGopalakrishnan as technical reasonsindependent director

Jul-Sep, 2014 26-Sep-14 Nhpc AGM M Appointment of Mr R S T Sai For Abstain Could not vote due toas Chairman & Managing technical reasonsDirector.

Jul-Sep, 2014 26-Sep-2014 Power Fin.Corp.Ltd AGM M Re-appointment of Mr A K For For Attended more than 75%Agarwal as director meetings

Jul-Sep, 2014 26-Sep-2014 Power Fin.Corp.Ltd AGM M Adoption of accounts For For Regular course of business

Jul-Sep, 2014 26-Sep-2014 Power Fin.Corp.Ltd AGM M Confirmation of interim For For Regular course of businessdividend &declaration offinal dividend

Jul-Sep, 2014 26-Sep-2014 Power Fin.Corp.Ltd AGM M Payment of remuneration to For For Regular course of businessauditors

Jul-Sep, 2014 26-Sep-2014 Power Fin.Corp.Ltd AGM M Adoption of new set of AOA For For Regular course of business

Jul-Sep, 2014 26-Sep-2014 Power Fin.Corp.Ltd AGM M Raise funds upto Rs 55,000 For For Regular course of businesscrore through issue of bonds /debentures / notes / debtsecurities on privateplacement basis

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Appointment of Mr Arun S For Abstain Could not vote due toPatel as independent director technical reasons

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Re-appointment of For Abstain Could not vote due toMr Vishnubhai M Patel as technical reasonsManaging Director & CEOfor 3 years effective 01.07.2014

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Re-appointment of For Abstain Could not vote due toMr Shashin V Patel as joint technical reasonsmanaging director for 3 yearseffective 01.07.2014

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Re-appointment of Mr Nitin R For Abstain Could not vote due toPatel as whole-time director technical reasonsdesignated as executivedirector for 3 years effective01.07.2014

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Borrow upto Rs 2000 crore For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Creation of charge For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Issue of secured / unsecured For Abstain Could not vote due toNCDS &/or other debt technical reasonssecurities on privateplacement basis

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Adoption of new set of AOA For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Declaration of dividend For Abstain Could not vote due totechnical reasons

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Re-appointment of Mr For Abstain Could not vote due toVasistha C Patel as director technical reasons

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Re-appointment of Mr For Abstain Could not vote due toVikramkumar R Patel technical reasonsas director

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Re-appointment of M/S. For Abstain Could not vote due toSurana Maloo & Co, technical reasonschartered accountantsas auditors

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Appointment of Mr Sandip A For Abstain Could not vote due toSeth as independent director technical reasons


48




Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Appointment of Mr Mirat N For Abstain Could not vote due toBhadlawala as independent technical reasonsdirector

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Appointment of Mr Atul N For Abstain Could not vote due toRuparel as independent technical reasonsdirector

Jul-Sep, 2014 26-Sep-14 Sadbhav Engineering AGM M Appointment of Mr Sandip V For Abstain Could not vote due toPatel as independent director technical reasons

Oct-Dec, 2014 9-Oct-14 Axis Bank PB M Issue of long term bonds / For Abstain Could not vote due toNCDS on private placement technical reasonsbasis for amount notexceeding Rs 6000 crore

Oct-Dec, 2014 17-Oct-14 Bank Of India Egm M To elect three directors from For Abstain Could not vote due tothe shareholders. technical reasons

Oct-Dec, 2014 18-Oct-14 C E S C Egm M Issue offer and allot securities For Abstain Could not vote due tonot exceeding a sum of technical reasonsUS$150 million or rupeeequivalent thereof

Oct-Dec, 2014 10-Nov-14 Alstom T&D India PB M Disposal of properties of the For Abstain Could not vote due tocompany at Bellary Road technical reasonsBengaluru and Hauz KhasEnclave, New Delhi

Oct-Dec, 2014 10-Nov-14 Alstom T&D India PB M Appointment of Mr Ravi Kumar For Abstain Could not vote due toKrishnamurthy Head AIS technical reasonsbusiness as alternatedirector and terms of hisappointment

Oct-Dec, 2014 10-Nov-14 Alstom T&D India PB M Appointment of Mr Bhanu For Abstain Could not vote due toBhushan as independent technical reasonsdirector

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Appointment of Dr Y K Alagh For Abstain Could not vote due toas independent director technical reasons

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Appointment of Mr Nitin Desai For Abstain Could not vote due toas independent director technical reasons

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Appointment of Dr Leena For Abstain Could not vote due toSrivastava as independent technical reasonsdirector

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Payment of remuneration to For Abstain Could not vote due tonon-executive directors technical reasons

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Borrow upto Rs 7,500 crore For Abstain Could not vote due totechnical reasons

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Creation of charge upto For Abstain Could not vote due toRs 7,500 crore technical reasons

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Offer, issue and allot non- For Abstain Could not vote due toconvertible debentures technical reasons(NCDS) through privateplacement

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Confirmation of interim For Abstain Could not vote due todividend technical reasons

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Re-appointment of Mr B G For Abstain Could not vote due toBangur as director technical reasons

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Appointment of M/S B R For Abstain Could not vote due toMaheswari & Co, chartered technical reasonsaccountants as auditors

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Payment of remuneration to For Abstain Could not vote due tocost auditors M/S K G Goyal technical reasons& Associates, cost accountant

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Appointment of Mr Ramakant For Abstain Could not vote due toSharma as non-executive technical reasonsdirector, liable to retire byrotation

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Appointment of Mr R L For Abstain Could not vote due toGaggar as independent technical reasonsdirector

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Appointment of Mr O P Setia For Abstain Could not vote due toas independent director technical reasons

Oct-Dec, 2014 10-Nov-14 Shree Cements AGM M Appointment of Mr Shreekant For Abstain Could not vote due toSomany as independent technical reasonsdirector


49




Oct-Dec, 2014 17-Nov-14 ICICI Bank PB M Subdivision of 1 (one) equity For Abstain Could not vote due toshare of FV Rs 10 into 5 (five) technical reasonsequity shares of Rs 2 each

Oct-Dec, 2014 17-Nov-14 ICICI Bank PB M Alteration of capital clause For Abstain Could not vote due toof MOA technical reasons

Oct-Dec, 2014 17-Nov-14 ICICI Bank PB M Alteration of AOA. For Abstain Could not vote due totechnical reasons

Oct-Dec, 2014 20-Nov-14 Gujarat Gas AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Oct-Dec, 2014 20-Nov-14 Gujarat Gas AGM M Confirmation of interim dividend For Abstain Could not vote due totechnical reasons

Oct-Dec, 2014 20-Nov-14 Gujarat Gas AGM M Re-appointment of For Abstain Could not vote due toDr Hasmukh Adhia IAS technical reasonsas director

Oct-Dec, 2014 20-Nov-14 Gujarat Gas AGM M Appointment of auditors For Abstain Could not vote due totechnical reasons

Oct-Dec, 2014 20-Nov-14 Gujarat Gas AGM M Appointment of Prof Pradip For Abstain Could not vote due toKhandwalla as independent technical reasonsdirector

Oct-Dec, 2014 20-Nov-14 Gujarat Gas AGM M Appointment of Mr Jal Patel For Abstain Could not vote due toas independent director technical reasons

Oct-Dec, 2014 20-Nov-14 Gujarat Gas AGM M Appointment of Mr Ajit Kapadia For Abstain Could not vote due toas independent director technical reasons

Oct-Dec, 2014 20-Nov-14 Gujarat Gas AGM M Appointment of Ms Manjula For Abstain Could not vote due toShroff as independent director technical reasons

Oct-Dec, 2014 20-Nov-14 Gujarat Gas AGM M Payment of remuneration to For Abstain Could not vote due tocost auditors M/S Atul Bhatt technical reasons& Co, cost accountant

Oct-Dec, 2014 21-Nov-14 Infosys PB M Increase in the authorized For Abstain Could not vote due toshare capital of the company technical reasons

Oct-Dec, 2014 21-Nov-14 Infosys PB M Amendments to the moa For Abstain Could not vote due totechnical reasons

Oct-Dec, 2014 21-Nov-14 Infosys PB M Amendments to articles of For Abstain Could not vote due toassociation technical reasons

Oct-Dec, 2014 21-Nov-14 Infosys PB M Issuance of bonus shares in For Abstain Could not vote due tothe ratio 1:1 technical reasons

Oct-Dec, 2014 29-Nov-14 IDBI Bank PB M Borrow upto Rs 15000 crore For Abstain Could not vote due totechnical reasons

Oct-Dec, 2014 3-Dec-14 Crompton Greaves PB M Increase in the limit of For Abstain Could not vote due toshareholding by the technical reasonsregistered FIIS from 24% to100% of the paidup capitalof the company

Oct-Dec, 2014 4-Dec-14 Hcl Technologies AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Oct-Dec, 2014 4-Dec-14 Hcl Technologies AGM M Appointment of For Abstain Could not vote due toMr Subramanian Madhavan technical reasonsas independent director

Oct-Dec, 2014 4-Dec-14 Hcl Technologies AGM M Payment of commission to For Abstain Could not vote due tonon-executive director technical reasons

Oct-Dec, 2014 4-Dec-14 Hcl Technologies AGM M Continuation of Mr Shiv Nadar For Abstain Could not vote due toas managing director technical reasons

Oct-Dec, 2014 4-Dec-14 Hcl Technologies AGM M Retirement of Mr Srikant For Abstain Could not vote due toMadhav Datar as director technical reasonsand not to fill the vacancyso caused

Oct-Dec, 2014 4-Dec-14 Hcl Technologies AGM M Re-appointment of Mr Shiv For Abstain Could not vote due toNadar as director technical reasons

Oct-Dec, 2014 4-Dec-14 Hcl Technologies AGM M Appointment of M/S S R For Abstain Could not vote due toBatilboi & Co, LLP, technical reasonschartered accountants asauditors

Oct-Dec, 2014 4-Dec-14 Hcl Technologies AGM M Appointment of Mr Srinivasan For Abstain Could not vote due toRamanathan as independent technical reasonsdirector

Oct-Dec, 2014 4-Dec-14 Hcl Technologies AGM M Appointment of Mr Amal For Abstain Could not vote due toGanguli as independent director technical reasons

Oct-Dec, 2014 4-Dec-14 Hcl Technologies AGM M Appointment of Ms Robin Ann For Abstain Could not vote due toAbrams as independent director technical reasons

Oct-Dec, 2014 4-Dec-14 Hcl Technologies AGM M Appointment of Mr Keki Mistry For Abstain Could not vote due toas independent director technical reasons


50




Oct-Dec, 2014 4-Dec-14 Hcl Technologies AGM M Appointment of Dr Sosale For Abstain Could not vote due toShankara Sastry as technical reasonsindependent director

Oct-Dec, 2014 6-Dec-14 Irb Infra Developers PB M Considered various fund For Abstain Could not vote due toraising options and approved technical reasonsthe enabling special resolutionor the purpose of further issueof securities for an amount notexceeding Rs 1,500 croressubject to the approval of theshareholders of the companyand all the requisite approvalsas may be required fromregulatory authorities and inaccordance with theprovisions of the applicablelaws.

Oct-Dec, 2014 6-Dec-14 Irb Infra Developers PB M Also considered and For Abstain Could not vote due toapproved enabling special technical reasonsresolution for increase inborrowing powers of thecompany pursuant to section180(1 )(c) of the companiesact, 2013.

Oct-Dec, 2014 8-Dec-14 Cairn India PB M Appointment of Mr Mayank For Abstain Could not vote due toAshar as Managing Director technical reasonsAnd Chief Executive Officerof the company

Oct-Dec, 2014 12-Dec-14 Siemens PB M Sale and transfer of the For Abstain Could not vote due tocompany’s metals technologies technical reasonsbusiness as going concernand by way of a slump saleto a subsidiary (which is beingincorporated of Siemens VaiMetals Technologies Gmbh,Germany with effect from closeof business hours on 31.10.2014,pursuant to the provision ofsection 188 of the companiesact, 2013 and rules framedthereunder.

Oct-Dec, 2014 15-Dec-14 HDFC Bank Ltd PB M Appointment of Mrs Shyamala For For Her sound professionalGopinath as part-time non- background andexecutive chairman person credentials will be of a

great help to the bank inshaping its future.

Oct-Dec, 2014 15-Dec-14 HDFC Bank Ltd PB M Issue of long term bonds/ For For Regular course of businessnon-convertible debentureson a private placement basis

Oct-Dec, 2014 23-Dec-14 Bank Of Baroda Egm M Election of three directors from For Abstain Could not vote due toamongst shareholders of the technical reasonsbank other than the centralgovernment, in terms of section9(3)(i) of the bankingcompanies (acquisition andtransfer of undertakings)act, 1970.

Oct-Dec, 2014 23-Dec-14 Berger Paints India Ltd PB M Consent of members to For For Business requirementsdispose of undertakingsunder section 180(1)(a) of thecompanies act, 2013

Oct-Dec, 2014 23-Dec-14 Berger Paints India Ltd PB M Subdivision of shares of the For For Improves liquiditycompany

Oct-Dec, 2014 23-Dec-14 Berger Paints India Ltd PB M Alteration of MOA For For In relation to thesubdivision of shares

Oct-Dec, 2014 23-Dec-14 Berger Paints India Ltd PB M Alteration of AOA For For In relation to thesubdivision of shares

Oct-Dec, 2014 23-Dec-14 Berger Paints India Ltd PB M Ratification of remuneration For For Normal businesspayable to cost auditors forthe year 2014-15

Oct-Dec, 2014 26-Dec-14 Pvr Ltd PB M Authorising the board of For For Business requirementdirectors of the company toissue fresh non convertibledebentures for a sum notexceeding rs 500 crore.


51




Jan-Mar, 2015 7-Jan-15 Kotak Mahindra Bank Ltd Egm M Amalgamation of Ing Vysya For For For better footfall inBank Ltd with Kotak Mahindra southern indiaBank Ltd in accordance withthe scheme of amalgamation.

Jan-Mar, 2015 8-Jan-15 Cipla Ltd PB M Appointment of Ms Punita Lal For For Strong professional andas additional director academic credentials

Jan-Mar, 2015 8-Jan-15 Cipla Ltd PB M Appointment of Dr Nachiket For For Strong professional andMor as additional director academic credentials

Jan-Mar, 2015 15-Jan-15 Yes Bank PB M Borrowing/raising funds in For Abstain Could not vote due toIndian/foreign currency by technical reasonsissue of debt securitiesincluding but not limited tobonds and non-convertibledebentures upto Rs 8000 crores

Jan-Mar, 2015 15-Jan-15 Yes Bank PB M Take on records Rbi’s For Abstain Could not vote due toapproval for appointment of technical reasonsMs Radha Singh as non-executive part timechairperson

Jan-Mar, 2015 15-Jan-15 Yes Bank PB M Amending the Ybl Jesop For Abstain Could not vote due toV/Pesop Ii (ESOS) to align it technical reasonswith the sebi (share basedemployee benefits) regulation2014 including increase inthe per employee option limit

Jan-Mar, 2015 15-Jan-15 Yes Bank PB M Amending the Ybl Jesop For Abstain Could not vote due toV/Pesop Ii (ESOS) to align it technical reasonswith the sebi (share basedemployee benefits) regulation2014 including increase in theper employee option limit for theemploees of the subsidiary/associate companies of thebank

Jan-Mar, 2015 9-Feb-15 Tata Chemicals PB M Approval for alteration of the For Abstain Could not vote due toobject clause of the MOA of technical reasonsthe company.

Jan-Mar, 2015 9-Feb-15 Tata Chemicals PB M Approval for appointment of For Abstain Could not vote due toMs Vibha Paul Rishi as an technical reasonsindependent director of thecompany

Jan-Mar, 2015 10-Feb-15 N T P C Crt M Scheme of arrangement For Abstain Could not vote due tobetween Ntpc Ltd and its technical reasonsmembers for issue of secured,non-cumulative, non-convertible,redeemable, taxable fullypaid up bonus debenturesout of free reserves to itsmembers.

Jan-Mar, 2015 21-Feb-15 Container Corp PB M Increase in shareholding limit For Abstain Could not vote due tofor Foregin Institutional technical reasonsInvestors (FIIS) from 30% to34% of the paid up capital ofcontainer corporation ofIndia Ltd

Jan-Mar, 2015 27-Feb-15 Infosys PB M Appointment of Prof Jeffrey S For Abstain Could not vote due toLehman as independent technical reasonsdirector

Jan-Mar, 2015 27-Feb-15 Infosys PB M Appointment of Prof John W For Abstain Could not vote due toEtchemendy as independent technical reasonsdirector

Jan-Mar, 2015 3-Mar-15 Tata Motors Type “”A”” PB M Issue of ordinary and a For Abstain Could not vote due toordinary shares through a technical reasonsright issue.

Jan-Mar, 2015 3-Mar-15 Tata Motors Limited PB M Approval for issue of ordinary For For Regular course ofand a’ordinary shares through business, reduction of debta right issue

Jan-Mar, 2015 4-Mar-15 Blue Star PB M Sale of professional For Abstain Could not vote due toelectronics and industrial technical reasonssystems business to itswholly owned subsidiary


52




Jan-Mar, 2015 4-Mar-15 Blue Star PB M Enter into contracts with other For Abstain Could not vote due torelated parties technical reasons

Jan-Mar, 2015 5-Mar-15 C M C Crt M Scheme of amalgamation For Abstain Could not vote due tobetween CMC Ltd and Tata technical reasonsConsultancy Services Ltd andtheir respective shareholders.

Jan-Mar, 2015 6-Mar-15 Torrent Pharma PB M Issuance of equity shares For Abstain Could not vote due toincluding convertible bonds/ technical reasonsdebentures

Jan-Mar, 2015 6-Mar-15 Torrent Pharma PB M Borrow upto Rs 10,000 crores For Abstain Could not vote due totechnical reasons

Jan-Mar, 2015 6-Mar-15 Torrent Pharma PB M Creation of charge For Abstain Could not vote due totechnical reasons

Jan-Mar, 2015 6-Mar-15 Torrent Pharma PB M Issuance of redeemable For Abstain Could not vote due tonon-convertible debenture technical reasonsbonds by way of pvtplacement

Jan-Mar, 2015 6-Mar-15 Torrent Pharma PB M Increase the Foreign For Abstain Could not vote due toInstitutional Investors (‘FII’) technical reasonsForeign Portfolio Investors(‘FPI’) Non-Resident Indian(‘NRI’) shareholding limit inthe paid up shares capitalof the company

Jan-Mar, 2015 7-Mar-15 Axis Bank PB M Appointment of Shri V R For Abstain Could not vote due toKaundinya as independent technical reasonsdirector

Jan-Mar, 2015 7-Mar-15 Axis Bank PB M Appointment of Shri Prasad R For Abstain Could not vote due toMenon as independent director technical reasons

Jan-Mar, 2015 7-Mar-15 Axis Bank PB M Appointment of Prof Samir K For Abstain Could not vote due toBarua as independent director technical reasons

Jan-Mar, 2015 7-Mar-15 Axis Bank PB M Appointment of Shri Som For Abstain Could not vote due toMittal as independent director technical reasons

Jan-Mar, 2015 7-Mar-15 Axis Bank PB M Appointment of Smt Ireena For Abstain Could not vote due toVittal as independent director technical reasons

Jan-Mar, 2015 7-Mar-15 Axis Bank PB M Appointment of Shri Rohit For Abstain Could not vote due toBhagat as independent director technical reasons

Jan-Mar, 2015 7-Mar-15 Axis Bank PB M Issue of long term bonds/NCD For Abstain Could not vote due toon private placement basis technical reasonsup to Rs 15,000 crore

Jan-Mar, 2015 7-Mar-15 Hcl Technologies Limited PB M Increase in authorized share For For Normal businesscapital of the company fromRs 1,50,00,00,000 dividedinto 75,00,00,000 equityshares of Rs 2 each toRs 3,00,00,00,000 divided in to1,50,00,00,000 equity sharesof Rs 2 each and theconsequent alteration inclause v of the moa.

Jan-Mar, 2015 7-Mar-15 Hcl Technologies Limited PB M Issue of fully paid up bonus For For Normal businessshares of Rs 2 each in theproportion of one equity sharefor every one equity share held.

Jan-Mar, 2015 7-Mar-15 Bank Of India Egm M To create, offer, issue and allot For For Regular course of businessupto 2,26,45,502 equityshares of rs.10 each for cashat Rs. 283.50 per shareincluding premium ofRs. 273.50 per equity shareaggregating uptoRs. 641,99,99,817 onpreferential basis.

Jan-Mar, 2015 10-Mar-15 Tech Mahindra Limited PB M Issue of bonus shares For For Normal business

Jan-Mar, 2015 10-Mar-15 Tech Mahindra Limited PB M Sub-division of each equity For For Normal businessshares of the face value ofRs 10 each into two equityshares of the face value ofRs 5 each.

Jan-Mar, 2015 10-Mar-15 Tech Mahindra Limited PB M Alteration of MOA For Abstain Not much data available

Jan-Mar, 2015 10-Mar-15 Tech Mahindra Limited PB M Alteration of AOA For Abstain Not much data available


53




Jan-Mar, 2015 11-Mar-15 Bajaj Finance Limited PB M Adoption of new set of AOA For For Adopting new set of AOA

Jan-Mar, 2015 11-Mar-15 Bajaj Finance Limited PB M Borrow upto Rs 50,000 crore For For Regular course of business

Jan-Mar, 2015 11-Mar-15 Bajaj Finance Limited PB M Creation of charge upto For For Regular course of businessRs 50,000 crore

Jan-Mar, 2015 12-Mar-15 Castrol India PB M Appointment of Mr S M Datta For Abstain Could not vote due toas independent director technical reasons

Jan-Mar, 2015 12-Mar-15 Castrol India PB M Appointment of Mr R For Abstain Could not vote due toGopalakrishnan as technical reasonsindependent director

Jan-Mar, 2015 12-Mar-15 Castrol India PB M Appointment of Mr Uday For Abstain Could not vote due toKhanna as independent director technical reasons

Jan-Mar, 2015 12-Mar-15 Castrol India PB M Appointment of Mr Jayanta For Abstain Could not vote due toChatterjee as director technical reasons

Jan-Mar, 2015 12-Mar-15 Castrol India PB M Appointment of Mr Jayanta For Abstain Could not vote due toChatterjee as whole-time technical reasonsdirector

Jan-Mar, 2015 13-Mar-15 United Bank Of India Egm M Allotment to the central For Abstain Could not vote due togovernment by way of technical reasonspreferential allotment up to12,28,60,818 equity shares ofRs 10 each by conversion of52523 nos perpetual noncumulative preference sharesof Rs 100,000 each aggregatingRs 525.23 crore and up to23,39,18,128 equity sharesof Rs 10 each aggregatingup to Rs 1000 cr for cashagainst fresh capital infusion.

Jan-Mar, 2015 16-Mar-15 Gateway Distriparks PB M Amendment of MOA For Abstain Could not vote due totechnical reasons

Jan-Mar, 2015 16-Mar-15 Gateway Distriparks PB M Amendment of AOA For Abstain Could not vote due totechnical reasons

Jan-Mar, 2015 16-Mar-15 Gateway Distriparks PB M Enter into contracts with For Abstain Could not vote due toother related parties technical reasons

Jan-Mar, 2015 16-Mar-15 VA Tech Wabag PB M Approval for reclassification of For Abstain Could not vote due tothe authorised share capital technical reasonsand amendment of MOA

Jan-Mar, 2015 16-Mar-15 VA Tech Wabag PB M Approval for issue of bonus For Abstain Could not vote due toshares technical reasons

Jan-Mar, 2015 18-Mar-15 DIVI’S Laboratories PB M Re-appointment of For Abstain Could not vote due toMr Madhusudana Rao Divi as technical reasonsdirector - project of thecompany

Jan-Mar, 2015 18-Mar-15 DIVI’S Laboratories PB M Re-appointment of Mr Kiran S For Abstain Could not vote due toDivi as director & president - technical reasonsoperation of the company

Jan-Mar, 2015 18-Mar-15 VST Industries PB M Alteration of AOA For Abstain Could not vote due totechnical reasons

Jan-Mar, 2015 19-Mar-15 Punjab National Bank Egm M Election of three shareholder For Abstain Could not vote due todirectors of the bank technical reasons

Jan-Mar, 2015 19-Mar-15 Punjab National Bank Egm M Raisingof equity capital by For Abstain Could not vote due toway of FPO/QIP/ESPS and/or technical reasonspreferential issue (if thegoverment decides so), or inany combination thereof.

Jan-Mar, 2015 20-Mar-15 Eicher Motors AGM M Adoption of accounts For Abstain Could not vote due totechnical reasons

Jan-Mar, 2015 20-Mar-15 Eicher Motors AGM M Payment of revised For Abstain Could not vote due toremuneration to technical reasonsMr Siddhartha Lal

Jan-Mar, 2015 20-Mar-15 Eicher Motors AGM M Increase in fiis limits upto an For Abstain Could not vote due toaggregate limit of 49% technical reasons

Jan-Mar, 2015 20-Mar-15 Eicher Motors AGM M Declaration of dividend of For Abstain Could not vote due toRs 50 per equity share technical reasons

Jan-Mar, 2015 20-Mar-15 Eicher Motors AGM M Appointment of M/S Deloitte For Abstain Could not vote due toHaskins & Sells, Chartered technical reasonsAccountants as auditors

Jan-Mar, 2015 20-Mar-15 Eicher Motors AGM M Appointment of Ms Manvi For Abstain Could not vote due toSinha as independent director technical reasons


54




Jan-Mar, 2015 20-Mar-15 Eicher Motors AGM M Appointment of Mr Srinivasan For Abstain Could not vote due toSandilya as independent technical reasonsdirector

Jan-Mar, 2015 20-Mar-15 Eicher Motors AGM M Appointment of Mr Priya Brat For Abstain Could not vote due toas independent director technical reasons

Jan-Mar, 2015 20-Mar-15 Eicher Motors AGM M Appointment of Mr M J For Abstain Could not vote due toSubbaiah as independent technical reasonsdirector

Jan-Mar, 2015 20-Mar-15 Eicher Motors AGM M Appointment of Mr Prateek For Abstain Could not vote due toJalan as independent director technical reasons

Jan-Mar, 2015 20-Mar-15 Eicher Motors AGM M Payment of remuneration by For Abstain Could not vote due toway of commission to directors technical reasonsor whole-time directors for 5years effective 31.12.2014

Jan-Mar, 2015 22-Mar-15 Ptc India PB M Appointment of Shri Dhirendra For Abstain Could not vote due toSwarup as non-executive technical reasonsindependent director

Jan-Mar, 2015 22-Mar-15 Ptc India PB M Appointment of Shri Harbans For Abstain Could not vote due toLal Bajaj non-executive technical reasonsindependent director

Jan-Mar, 2015 22-Mar-15 Ptc India PB M Appointment of Shri Ved For Abstain Could not vote due toKumar Jain as non-executive technical reasonsindependent director

Jan-Mar, 2015 22-Mar-15 Ptc India PB M Appointment of Shri Anil For Abstain Could not vote due toRazdan as non-executive technical reasonsindependent director

Jan-Mar, 2015 22-Mar-15 Ptc India PB M Appointment of Shri Dipak For Abstain Could not vote due toChatterjee as non-executive technical reasonsindependent director

Jan-Mar, 2015 22-Mar-15 Ptc India PB M Appointment of Shri Srinivasan For Abstain Could not vote due toBalachandran as non- technical reasonsexecutive independent director

Jan-Mar, 2015 23-Mar-15 Indian Bank Egm M Issue of equity shares through For For Increase in capital forpreferential allotment to business growthgovernment of india (goi)

Jan-Mar, 2015 26-Mar-15 Bank Of Baroda Egm M Offer, issue and allot securites For Abstain Could not vote due toaggregating to an amount technical reasonsupto Rs 1260 crores

Jan-Mar, 2015 26-Mar-15 Mt Educare PB M Give loan(s)/guarantee(s), For Abstain Could not vote due tomake investments upto technical reasonsRs 125 crore

Jan-Mar, 2015 26-Mar-15 Shriram Transport PB M Appointment of Mr Amitabh For Abstain Could not vote due toChaydhry as independent technical reasonsdirector

Jan-Mar, 2015 26-Mar-15 Shriram Transport PB M Appointment of Mr S For Abstain Could not vote due toLakshminarayanan as technical reasonsindependent director

Jan-Mar, 2015 26-Mar-15 Shriram Transport PB M Appointment of Mrs Kishori For Abstain Could not vote due toUdeshi as independent director technical reasons

Jan-Mar, 2015 26-Mar-15 Indusind Bank Limited PB M Issue of long term infrastructure For For Regular course of businessbonds/non convertibledebentures on privateplacement basis of anamount not exceedingRs 2000 crores

Jan-Mar, 2015 27-Mar-15 Sundaram Finance Limited PB M Private placement of debentures For For Increase in capital forunder section 42 of the business growthcompanies act 2013 upto asum of Rs 7500 crores.

Jan-Mar, 2015 27-Mar-15 Sundaram Finance Limited PB M Authorising the board of For For Regular course of businessdirectors of the companyunder section 186 of thecompanies act, 2013 to makeinvestments upto Rs 2000 crores

Jan-Mar, 2015 28-Mar-15 Reliance Industries PB M Appointment of Shri Mansingh For Abstain Could not vote due toL Bhakta as independent technical reasonsdirector

Jan-Mar, 2015 28-Mar-15 Reliance Industries PB M Appointment of Dr Dharam For Abstain Could not vote due toVir Kapur as independent technical reasonsdirector


55




Jan-Mar, 2015 28-Mar-15 Reliance Industries PB M Appointment of Prof Dipak C For Abstain Could not vote due toJain as independent director technical reasons

Jan-Mar, 2015 28-Mar-15 Reliance Industries PB M Appointment of Dr Raghunath For Abstain Could not vote due toA Mashelkar as independent technical reasonsdirector

Jan-Mar, 2015 28-Mar-15 Reliance Industries PB M Appointment of Shri Maheswar For Abstain Could not vote due toSahu as independent director technical reasons

Jan-Mar, 2015 28-Mar-15 Reliance Industries PB M Alteration of MOA For Abstain Could not vote due totechnical reasons

Jan-Mar, 2015 28-Mar-15 Reliance Industries PB M Re-appointment of Shri Hiral For Abstain Could not vote due toR Meswani as whole-time technical reasonsdirector.

Jan-Mar, 2015 28-Mar-15 Idfc Limited PB M Appointment of Mr Surinder For For Attended more than 75%Singh Kohil as independent meetingsdirector

Jan-Mar, 2015 28-Mar-15 Idfc Limited PB M Appointment of Ms Marianne For For Attended more than 75%Okland as independent meetingsdirector

Jan-Mar, 2015 28-Mar-15 Idfc Limited PB M Appointment of Dr Omkar For For Attended more than 75%Goswami as independent meetingsdirector

Jan-Mar, 2015 28-Mar-15 Idfc Limited PB M Creation of charge / For For Regular course of businesshypothecation on the assetsof the company, in respect ofborrowings, under section180 (1)(a) of the companiesact, 2013

Jan-Mar, 2015 28-Mar-15 Idfc Limited PB M Amendment to the aoa of the For For To incorporate changes ascompany by inserting clause per new companies act.relating to restriction ontransfer of shares in certaincircumstances


56

INDEPENDENT AUDITORS’ REPORT

The Board of DirectorsBaroda Pioneer Trustee Company Pvt. Ltd.Mumbai.

Dear Sirs,

We have audited the the accompanying financial statements of the schemes mentioned below (collectively “the Schemes”),of BARODA PIONEER MUTUAL FUND,which comprise the Balance Sheets as at March31, 2015 and also the Revenue Account for the year/period ended on that date and a summary of significant accounting policies and other explanatory information annexed thereto.

1. BARODA PIONEER MIP FUND

2. BARODA PIONEER GILT FUND

3. BARODA PIONEER INCOME FUND

4. BARODA PIONEER LIQUID FUND

5. BARODA PIONEER TREASURY ADVANTAGE FUND

6. BARODA PIONEER PSU BOND FUND

7. BARODA PIONEER SHORT TERM BOND FUND

8. BARODA PIONEER DYNAMIC BOND FUND

9. BARODA PIONEER CREDITOPPORTUNITIESFUND

10. BARODA PIONEER HYBRID FUND – SERIES 1

Management’s Responsibility for the Financial Statements

Trustee of Mutual Fund and Asset Management Company are responsible for the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Schemesin accordance with the accounting policies and standards as specified in the Ninth Schedule of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 and amendments thereto (“theRegulations”). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view andare free from material misstatement, whether due to fraud or error.

Auditors’ Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountantsof India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessmentof the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Scheme’s preparation and fairpresentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Schemes internal control.An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of thefinancialstatements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our auditopinion.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Regulationsas applicable and give a true and fairview in conformity with the accounting principles generally accepted in India:

(a) in the case of the Balance Sheets, of the state of affairsof the Scheme as at March 31, 2015; and

(b) in the case of the Revenue Accounts, of the surplus/deficit, as applicable for the year/period ended on that date;

Report on Other Legal and Regulatory Requirements

As required under the Regulations, we report that:

1. We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit;

2. The Balance Sheets and Revenue Accounts dealt with by this Report are in agreement with the books of account of the Schemes;

3. In our opinion, the Balance Sheets and Revenue Accounts dealt with by this report have been prepared in accordance with the accounting policies and standards as specified in Ninth Schedule of the Regulations.

4. The methods used to value non traded securities (referred in 3 of Schedule 9), as determined by Asset Management Company and as approved by the Trustee are in good faith and in accordance with the guidelinesfor valuation of securities for mutual funds as mentioned in the Eighth Schedule of the Regulations issued by the Securities and Exchange Board of India, and are fair and reasonable.

For and on behalf of

BORKAR & MUZUMDARChartered accountants

Firm Regn. No: 101569W

Sd/-Devang Vaghani

Place : Mumbai. Partner,Date : 29 July, 2015 (M. No. 109386)


57

Balance Sheetas at 31 March 2015(Currency: Indian Rupee)

Schedule BARODA PIONEER BARODA PIONEER BARODA PIONEER BARODA PIONEERMIP FUND GILT FUND INCOME FUND LIQUID FUND

As at As at As at As at As at As at As at As at31 March 31 March 31 March 31 March 31 March 31 March 31 March 31 March

2015 2014 2015 2014 2015 2014 2015 2014

LIABILITIES

Unit capital 1 113,702,272 42,759,653 193,409,855 189,568,472 106,670,086 96,907,903 12,584,898,608 18,559,949,966

Reserves and surplus 2 86,592,125 20,033,670 233,206,626 171,074,763 127,478,538 88,111,714 5,560,928,659 6,807,388,731

Borrowings - - - - - - 6,100,000,000 10,800,000,000

Current liabilities and provisions 3 1,563,798 1,256,334 958,705 31,791,147 1,083,406 2,865,332 33,949,093 147,666,820——————— ——————— ——————— ——————— ——————— ——————— ————————— —————————201,858,195 64,049,657 427,575,186 392,434,383 235,232,030 187,884,948 24,279,776,360 36,315,005,517——————— ——————— ——————— ——————— ——————— ——————— ————————— —————————

ASSETS

Investments 4 175,511,693 61,383,943 382,627,575 348,941,765 220,617,197 174,338,111 16,000,895,895 22,037,823,680

Deposits 5 21,212,797 960,096 36,484,864 5,125,851 8,284,216 4,697,564 3,681,360,749 12,068,344,416

Current assets 6 5,133,705 1,705,618 8,462,747 38,366,767 6,330,617 8,849,273 4,597,519,716 2,208,837,421——————— ——————— ——————— ——————— ——————— ——————— ————————— —————————201,858,195 64,049,657 427,575,186 392,434,383 235,232,030 187,884,948 24,279,776,360 36,315,005,517——————— ——————— ——————— ——————— ——————— ——————— ————————— —————————

Significant accounting policies 9

Notes to the financial statements 10

The schedules referred to the above form an integral part of this balance sheet.

As per our report of even date For Baroda Pioneer Trustee Co. Pvt. Ltd For Baroda Pioneer Asset Management Co. Ltd.

For and on behalf ofBORKAR & MUZUMDARCHARTERED ACCOUNTANTS

Sd/- Sd/- Sd/- Sd/-Devang Vaghani R.L. Baxi Jack Lin Rajiv AbhyankarPartner Chairman Chairman Director(M.No. 109386)

Sd/- Sd/- Sd/-S.K. Suvarna Kiran Deshpande Alok SahooDirector COO & CFO Fund Manager

Sd/-Hetal ShahFund Manager

Place : MUMBAIDate : 29 July, 2015


58

Balance Sheet (Contd.,)

as at 31 March 2015(Currency: Indian Rupee)

Schedule BARODA PIONEER BARODA PIONEER BARODA PIONEERTREASURY ADVANTAGE FUND PSU BOND FUND SHORT TERM BOND FUND

As at As at As at As at As at As at31 March 31 March 31 March 31 March 31 March 31 March

2015 2014 2015 2014 2015 2014

LIABILITIES

Unit capital 1 5,532,003,746 6,021,965,293 336,125,717 875,212,695 155,911,119 211,376,305

Reserves and surplus 2 2,693,972,779 1,866,042,176 154,134,555 165,513,645 50,187,799 62,756,827

Borrowings 650,000,000 - - - - -

Current liabilities and provisions 3 32,030,476 22,588,239 670,897 2,943,161 367,643 1,042,648———————— ———————— ———————— ———————— ———————— ————————8,908,007,001 7,910,595,708 490,931,169 1,043,669,502 206,466,561 275,175,780———————— ———————— ———————— ———————— ———————— ————————

ASSETS

Investments 4 8,438,821,582 7,482,735,341 471,805,831 1,011,095,187 191,443,260 265,314,345

Deposits 5 396,128,700 377,628,342 12,484,145 24,898,891 12,977,422 1,230,256

Current assets 6 73,056,719 50,232,025 6,641,193 7,675,424 2,045,879 8,631,179

———————— ———————— ———————— ———————— ———————— ————————8,908,007,001 7,910,595,708 490,931,169 1,043,669,502 206,466,561 275,175,780———————— ———————— ———————— ———————— ———————— ————————











59

Balance Sheet (Contd.,)

as at 31 March 2015(Currency: Indian Rupee)

Schedule BARODA PIONEER BARODA PIONEER BARODA PIONEERDYNAMIC BOND FUND CREDIT OPPORTUNITIES FUND HYBRID FUND - SERIES I

As at As at As at As at

31 March 31 March 31 March 31 March 31 March 31 March2015 2014 2015 2014 2015 2014

LIABILITIES

Unit capital 1 397,266,952 401,719,966 320,463,493 - 295,375,898 -

Reserves and surplus 2 128,642,030 49,797,405 7,732,220 - 769,047 -

Borrowings - - - - - -

Current liabilities and provisions 3 677,598 6,159,171 341,861 - 99,021,561 -———————— ———————— ———————— ———————— ———————— ————————

526,586,580 457,676,541 328,537,574 - 395,166,506 -———————— ———————— ———————— ———————— ———————— ————————

ASSETS

Investments 4 507,006,278 447,213,100 321,626,602 - 256,886,890 -

Deposits 5 10,161,770 2,836,958 540,957 - 135,659,170 -

Current assets 6 9,418,532 7,626,483 6,370,015 - 2,620,446 -

———————— ———————— ———————— ———————— ———————— ————————

526,586,580 457,676,541 328,537,574 - 395,166,506 -

———————— ———————— ———————— ———————— ———————— ————————











60

Revenue accountfor the year/period ended 31 March 2015(Currency: Indian Rupee)

Schedule BARODA PIONEER BARODA PIONEER BARODA PIONEER BARODA PIONEERMIP FUND GILT FUND INCOME FUND LIQUID FUND

01 April 2014 01 April 2013 01 April 2014 01 April 2013 01 April 2014 01 April 2013 01 April 2014 01 April 201331 March 2015 31 March 2014 31 March 2015 31 March 2014 31 March 2015 31 March 2014 31 March 2015 31 March 2014

INCOME AND GAINSDividend 164,540 221,860 - - - - - -Interest and discount income 7 10,950,238 4,480,996 38,365,677 19,071,096 18,882,073 14,612,507 4,693,954,048 4,468,994,883Profit on sale / redemption of investments(other than inter-scheme transfer /sale of investments) 13,527,098 1,828,850 23,950,325 8,983,887 3,999,096 2,351,232 19,085,607 20,086,962Profit on inter-scheme transfer /sale of investments 193,871 74,947 2,396,197 - 975,295 - 357,411 1,467,744Load income 791,493 104,516 670,171 724,966 435,416 562,865 - -Other income - - 12 - - - 221,305 -

——————— ——————— ——————— ——————— ——————— ——————— ———————— ————————25,627,240 6,711,169 65,382,382 28,779,949 24,291,880 17,526,604 4,713,618,371 4,490,549,589

——————— ——————— ——————— ——————— ——————— ——————— ———————— ————————EXPENSES AND LOSSESLoss on sale / redemption of investments(other than inter-scheme transfer /sale of investments) 3,224,514 1,265,477 2,869,695 12,323,866 2,597,626 2,654,084 2,375,623 20,812,793Loss on inter-scheme transfer /sale of investments - - - - 59,087 61,027 225,661 8,960,294Management fees 2,737,557 1,240,087 6,112,025 3,081,778 3,554,350 2,407,501 67,735,493 63,610,163Service tax on management fees 338,362 153,275 755,447 380,904 439,318 297,567 8,372,107 7,862,216Trusteeship fees 4,690 2,784 16,184 10,351 7,600 7,842 1,961,822 2,262,597Brokerage and commission 888,805 171,914 2,113,639 817,158 1,222,119 872,254 24,243,003 9,047,754Audit fees 3,384 2,992 7,836 14,245 4,271 13,374 359,119 13,512Interest on borrowings - - 31,812 - - 718 50,529,897 70,884,039Investor education awareness 30,292 11,832 91,355 45,166 42,962 33,375 10,506,096 9,758,644Other operating expenses 8 422,312 171,242 1,152,199 4,119 6,038 2,117 160,284 442,420

——————— ——————— ——————— ——————— ——————— ——————— ———————— ————————7,649,916 3,019,603 13,150,192 16,677,587 7,933,371 6,349,859 166,469,105 193,654,432

——————— ——————— ——————— ——————— ——————— ——————— ———————— ————————Less : Expenses reimbursed by the AMC - - - - - - - -

——————— ——————— ——————— ——————— ——————— ——————— ———————— ————————Total 7,649,916 3,019,603 13,150,192 16,677,587 7,933,371 6,349,859 166,469,105 193,654,432

——————— ——————— ——————— ——————— ——————— ——————— ———————— ————————Surplus / (deficit) for the year / period 17,977,324 3,691,565 52,232,188 12,102,362 16,358,510 11,176,745 4,547,149,266 4,296,895,157Add/(Less) :Net Change in Unrealised Appreciation/Depreciation in the value of investments 4,197,633 1,146,417 16,567,792 (1,179,529) 13,600,151 (5,868,591) (17,380,832) 16,919,109

——————— ——————— ——————— ——————— ——————— ——————— ———————— ————————Net Surplus including Net Change in UnrealisedAppreciation/Depreciation for the year/period 22,174,957 4,837,982 68,799,980 10,922,833 29,958,661 5,308,154 4,529,768,434 4,313,814,266AppropriationOpening Balance 26,125,222 32,713,269 154,964,888 (35,329,430) 92,127,413 17,603,803 9,824,311,416 8,444,507,171Add: Net Surplus including net change in UnrealisedAppreciation / Depreciation for the year / period 22,174,957 4,837,982 68,799,980 10,922,833 29,958,661 5,308,154 4,529,768,434 4,313,814,266Add: ‘Unrealised appreciation in value of investmentsas at the beginning of the year / period 804,571 (341,846) - - - 238,175 26,993,738 10,074,630Less: ‘Unrealised appreciation in value of investmentsas at the end of the year / period 5,002,205 804,571 15,143,407 (1,424,385) 7,969,734 - 9,612,906 26,993,738Add / (less): Transfer from equalisation reserve 44,422,522 (9,288,902) 23,925,763 180,374,531 10,499,863 68,977,281 4,891,990,615 (2,138,353,019)Less: Income distributed (including dividend distribution tax) 1,732,721 1,332,556 - 1,003,046 - - 911,387,188 778,737,894Retained surplus / (deficit) carried forward to the ——————— ——————— ——————— ——————— ——————— ——————— ———————— ————————balance sheet 86,792,346 26,125,222 232,547,224 154,964,888 124,616,203 92,127,413 18,352,064,109 9,824,311,416

——————— ——————— ——————— ——————— ——————— ——————— ———————— ————————Significant accounting policies 9


The schedules referred to above form an integral part of this revenue account.








61

Revenue account (Contd.,)

for the year/period ended 31 March 2015(Currency: Indian Rupee)

Schedule BARODA PIONEER BARODA PIONEER BARODA PIONEERTREASURY ADVANTAGE FUND PSU BOND FUND SHORT TERM BOND FUND

01 April 2014 01 April 2013 01 April 2014 01 April 2013 01 April 2014 01 April 201331 March 2015 31 March 2014 31 March 2015 31 March 2014 31 March 2015 31 March 2014

INCOME AND GAINSDividend - - - - - -Interest and discount income 7 988,162,423 673,513,250 57,436,545 69,731,605 14,717,078 76,885,218Profit on sale / redemption of investments(other than inter-scheme transfer / sale of investments) 22,130,529 29,626,775 5,802,883 15,044,088 518,252 3,360,789Profit on inter-scheme transfer / sale of investments 4,751,386 3,301,087 3,022,911 576,728 1,337,805 5,358,232Load income - 21 - 11,373 206,692 42,797Other income - - - - - -

———————— ———————— ———————— ———————— ———————— ————————1,015,044,338 706,441,133 66,262,339 85,363,794 16,779,827 85,647,036

———————— ———————— ———————— ———————— ———————— ————————EXPENSES AND LOSSESLoss on sale / redemption of investments(other than inter-scheme transfer / sale of investments) 939,584 67,724,775 412,359 18,986,458 17,279 1,796,878Loss on inter-scheme transfer / sale of investments 1,424,920 25,626,694 - 704,132 - 22,410,605Management fees 27,859,015 22,831,187 4,167,207 5,751,566 873,089 3,224,427Service tax on management fees 3,443,366 2,821,933 515,067 710,893 107,914 398,540Trusteeship fees 353,550 356,686 27,183 38,425 4,902 40,961Brokerage and commission 23,985,724 5,528,057 1,196,108 22,630 440,680 479,207Audit fees 151,093 3,361 10,626 855 3,962 1,036Interest on borrowings 587,632 569,798 - - 11,370 -Investor education awareness 2,146,816 1,508,560 133,121 162,437 31,987 161,179Other operating expenses 8 362,106 119,345 36,342 9,096 66,200 3,321

———————— ———————— ———————— ———————— ———————— ————————61,253,806 127,090,396 6,498,013 26,386,492 1,557,383 28,516,154

———————— ———————— ———————— ———————— ———————— ————————Less : Expenses reimbursed by the AMC - - - - - -

———————— ———————— ———————— ———————— ———————— ————————Total 61,253,806 127,090,396 6,498,013 26,386,492 1,557,383 28,516,154

———————— ———————— ———————— ———————— ———————— ————————Surplus / (deficit) for the year / period 953,790,532 579,350,737 59,764,326 58,977,301 15,222,445 57,130,882Add/(Less) :Net Change in Unrealised Appreciation/Depreciation in the value of investments 4,823,426 9,933,044 651,016 83,776 (136,061) (363,799)

———————— ———————— ———————— ———————— ———————— ————————Net Surplus including Net Change in Unrealised Appreciation/Depreciation for the year/period 958,613,958 589,283,781 60,415,342 59,061,077 15,086,384 56,767,083

———————— ———————— ———————— ———————— ———————— ————————AppropriationOpening Balance 331,717,172 246,990,678 153,818,671 52,147,678 (282,870,381) (165,490,268)Add: Net Surplus including net change in UnrealisedAppreciation / Depreciation for the year / period 958,613,958 589,283,781 60,415,342 59,061,077 15,086,384 56,767,083Add: ‘Unrealised appreciation in value of investments as at the beginning of the year / period 15,312,419 5,379,375 3,562,116 3,478,340 1,068,320 1,432,119Less: ‘Unrealised appreciation in value of investments as at the end of the year / period 20,135,844 15,312,419 4,213,131 3,562,116 932,259 1,068,320

Add / (less): Transfer from equalisation reserve 505,456,227 (275,206,061) 187,040,993 72,433,538 49,412,986 (165,641,089)Less: Income distributed (including dividend distribution tax) 122,678,112 219,418,182 31,130,907 29,739,846 2,837,507 8,869,906

———————— ———————— ———————— ———————— ———————— ————————Retained surplus / (deficit) carried forward to the balance sheet 1,668,285,820 331,717,172 369,493,084 153,818,671 (221,072,457) (282,870,381)

———————— ———————— ———————— ———————— ———————— ————————Significant accounting policies 9Notes to the financial statements 10









62

Revenue account (Contd.,)

for the year/period ended 31 March 2015(Currency: Indian Rupee)

Schedule BARODA PIONEER BARODA PIONEER BARODA PIONEERDYNAMIC BOND FUND CREDIT OPPORTUNITIES FUND HYBRID FUND - SERIES I


INCOME AND GAINSDividend - - - - - -Interest and discount income 7 37,107,898 103,124,977 6,429,157 - 829,638 -Profit on sale / redemption of investments(other than inter-scheme transfer / sale of investments) 20,675,544 53,606,151 112,652 - - -Profit on inter-scheme transfer / sale of investments 881,475 1,795,538 - - - -Load income 369,516 295,249 259,432 - - -Other income 28 - - - - -

———————— ———————— ———————— ———————— ———————— ————————59,034,461 158,821,915 6,801,241 - 829,638 -

———————— ———————— ———————— ———————— ———————— ————————EXPENSES AND LOSSESLoss on sale / redemption of investments(other than inter-scheme transfer / sale of investments) 5,059,078 87,595,906 - - - -Loss on inter-scheme transfer / sale of investments - 7,355,712 - - - -Management fees 2,195,623 11,688,834 461,666 - 98,722 -Service tax on management fees 271,381 1,444,738 57,062 - 12,202 -Trusteeship fees 14,609 59,271 369 - - -Brokerage and commission 823,962 347,023 187,452 - 25,161 -Audit fees 9,673 1,515 5,302 - 4,787 -Interest on borrowings 55,758 164,664 - -Investor education awareness 86,593 240,504 12,308 - 1,135 -Other operating expenses 8 21,000 5,161 77,866 - - -

———————— ———————— ———————— ———————— ———————— ————————8,537,677 108,903,328 802,025 - 142,007 -

———————— ———————— ———————— ———————— ———————— ————————Less : Expenses reimbursed by the AMC - - - - - -

———————— ———————— ———————— ———————— ———————— ————————Total 8,537,677 108,903,328 802,025 - 142,007 -

———————— ———————— ———————— ———————— ———————— ————————Surplus / (deficit) for the year / period 50,496,784 49,918,587 5,999,216 - 687,630 -Add/(Less) :Net Change in Unrealised Appreciation/Depreciation in the value of investments 15,196,979 (5,583,883) 1,831,428 - 81,417 -

———————— ———————— ———————— ———————— ———————— ————————Net Surplus including Net Change in Unrealised Appreciation/Depreciationfor the year/period 65,693,763 44,334,704 7,830,644 - 769,047 -

———————— ———————— ———————— ———————— ———————— ————————AppropriationOpening Balance 142,580,456 65,696,556 - - - -Add: Net Surplus including net change in UnrealisedAppreciation / Depreciation for the year / period 65,693,763 44,334,704 7,830,644 - 769,047 -Add: ‘Unrealised appreciation in value of investmentsas at the beginning of the year / period 701,083 6,284,966 - - - -Less: ‘Unrealised appreciation in value of investmentsas at the end of the year / period 15,898,062 701,083 1,831,428 - 81,417 -

Add / (less): Transfer from equalisation reserve 45,877,677 38,749,012 103,002 - - -Less: Income distributed (including dividend distribution tax) - 11,783,699 - - - -

———————— ———————— ———————— ———————— ———————— ————————Retained surplus / (deficit) carried forward to the balance sheet 238,954,917 142,580,456 6,102,218 - 687,630 -

———————— ———————— ———————— ———————— ———————— ————————Significant accounting policies 9Notes to the financial statements 10









63

Schedules to the financial statements (Continued)as at 31 March 2015(Currency: Indian Rupee)

BARODA PIONEER BARODA PIONEERMIP FUND GILT FUND

As at 31 March As at 31 March As at 31 March As at 31 March2015 2014 2015 2014

(Units) Amounts (Units) Amounts (Units) Amounts (Units) Amounts1 UNIT CAPITAL

Issued and subscribed:Institutional plan - Weekly Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Regular plan - Bonus OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Regular plan - Dividend OptionUnits outstanding, beginning of the period - - - - 409,312.753 4,093,128 647,535.199 6,475,352Units issued, initial offer - - - - - - - -Units issued during the period - - - - 662,989.313 6,629,893 159,573.343 1,595,733Units repurchased during the period - - - - (257,503.898) (2,575,039) (397,795.789) (3,977,958)Units outstanding, end of the period - - - - 814,798.168 8,147,982 409,312.753 4,093,128Regular plan - Daily Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Regular plan - Weekly Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Regular plan - Quarterly Dividend OptionUnits outstanding, beginning of the year / period 440,679.434 4,406,794 517,194.592 5,171,946 - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period 535,570.492 5,355,705 20,449.330 204,493 - - - -Units repurchased during the year / period (210,448.402) (2,104,484) (96,964.488) (969,645) - - - -Units outstanding, end of the period 765,801.524 7,658,015 440,679.434 4,406,794.340 - - - -Regular plan - Monthly Dividend OptionUnits outstanding, beginning of the year / period 1,064,059.168 10,640,592 1,305,774.775 13,057,748 - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period 983,402.268 9,834,023 129,686.843 1,296,868 - - - -Units repurchased during the year / period (723,925.119) (7,239,251) (371,402.450) (3,714,025) - - - -Units outstanding, end of the period 1,323,536.317 13,235,363 1,064,059.168 10,640,591.680 - - - -Direct Quaterly OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period 4,446.362 44,464 - - - - - -Units repurchased during the period (307.238) (3,072) - - - - - -Units outstanding, end of the period 4,139.124 41,391 - - - - - -Growth OptionUnits outstanding, beginning of the year / period 2,769,557.899 27,695,579 2,169,181.016 21,691,810 17,991,824.894 179,918,249 7,140,198.695 71,401,987Units issued, initial offer - - - - - - - -Units issued during the year / period 11,463,403.063 114,634,031 1,798,010.668 17,980,107 11,331,208.988 113,312,090 16,150,111.783 161,501,118Units repurchased during the year / period (5,245,318.698) (52,453,187) (1,197,633.785) (11,976,338) (14,043,104.219) (140,431,042) (5,298,485.584) (52,984,856)Units outstanding, end of the period 8,987,642.264 89,876,423 2,769,557.899 27,695,578.990 15,279,929.663 152,799,297 17,991,824.894 179,918,248.940Direct Daily Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -


64


BARODA PIONEER BARODA PIONEERMIP FUND GILT FUND


(Units) Amounts (Units) Amounts (Units) Amounts (Units) AmountsDirect Growth OptionUnits outstanding, beginning of the year / period 1,581.712 15,817 773.838 7,738 538,234.462 5,382,345 10,042.732 100,427Units issued, initial offer - - - - - - - -Units issued during the year / period 251,559.204 2,515,592 2,744.848 27,448 2,703,398.940 27,033,989 534,687.462 5,346,875Units repurchased during the year / period (8,593.565) (85,936) (1,936.974) (19,370) (41,601.148) (416,011) (6,495.732) (64,957)Units outstanding, end of the period 244,547.351 2,445,474 1,581.712 15,817.120 3,200,032.254 32,000,323 538,234.462 5,382,344.620Direct Weekly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Direct Monthly OptionUnits outstanding, beginning of the year / period 87.132 871 82.678 827 - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period 44,473.500 444,735 4.454 45 - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period 44,560.632 445,606 87.132 871.320 - - - -Direct Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Direct Dividend OptionUnits outstanding, beginning of the year / period - - - - 17,475.135 174,751 1,314.824 13,148Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - 43,837.321 438,373 16,974.575 169,746Units repurchased during the year / period - - - - (15,087.076) (150,871) (814.264) (8,143)Units outstanding, end of the period - - - - 46,225.380 462,254 17,475.135 174,751.350Institutional plan - Quarterly Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Institutional plan - Daily Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -

I Institutional plan - Monthly Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Institutional plan - Growth OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Quarterly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Monthly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -TotalUnits outstanding, beginning of the year / period 4,275,965.345 42,759,653 3,993,006.899 39,930,069 18,956,847.244 189,568,472 7,799,091.450 77,990,915Units issued, initial offer - - - - - - - -Units issued during the year / period 13,282,854.889 132,828,549 1,950,896.143 19,508,961 14,741,434.562 147,414,346 16,861,347.163 168,613,472Units repurchased during the year / period (6,188,593.022) (61,885,930) (1,667,937.697) (16,679,377) (14,357,296.341) (143,572,963) (5,703,591.369) (57,035,914)Units outstanding, end of the period 11,370,227.212 113,702,272.12 4,275,965.345 42,759,653.45 19,340,985.465 193,409,854.65 18,956,847.244 189,568,472.44


65


BARODA PIONEER BARODA PIONEERINCOME FUND LIQUID FUND



Issued and subscribed:Institutional plan - Weekly Dividend OptionUnits outstanding, beginning of the period - - - - 3,910.575 3,910,575 5,960.811 5,960,811Units issued, initial offer - - - - - - - -Units issued during the period - - - - 23,976.651 23,976,651 45,027.281 45,027,281Units repurchased during the period - - - - (26,051.619) (26,051,619) (47,077.517) (47,077,517)Units outstanding, end of the period - - - - 1,835.607 1,835,607 3,910.575 3,910,575.00Regular plan - Bonus OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - 118.875 118,875 - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - 118.875 118,875 - -Regular plan - Dividend OptionUnits outstanding, beginning of the period 356,595.973 3,565,960 583,327.563 5,833,276 170.403 170,403 183.591 183,591Units issued, initial offer - - - - - - - -Units issued during the period 44,860.472 448,605 70,946.474 709,465 - - - -Units repurchased during the period (99,448.860) (994,489) (297,678.064) (2,976,781) (80.558) (80,558) (13.188) (13,188)Units outstanding, end of the period 302,007.585 3,020,076 356,595.973 3,565,960 89.845 89,845 170.403 170,403Regular plan - Daily Dividend OptionUnits outstanding, beginning of the period - - - - 13,769.075 13,769,075 23,466.828 23,466,828Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - (10,631.605) (10,631,605) (9,697.753) (9,697,753)Units outstanding, end of the period - - - - 3,137.470 3,137,470 13,769.075 13,769,075.000Regular plan - Weekly Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Regular plan - Quarterly Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Regular plan - Monthly Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Direct Quaterly OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Growth OptionUnits outstanding, beginning of the year / period 9,302,613.561 93,026,136 5,316,692.639 53,166,926 32,227.847 32,227,847 57,569.232 57,569,232Units issued, initial offer - - - - - - - -Units issued during the year / period 5,544,416.308 55,444,163 8,569,390.037 85,693,900 - - (14.034) (14,034)Units repurchased during the year / period (4,711,513.594) (47,115,136) (4,583,469.115) (45,834,691) (3,746.786) (3,746,786) (25,327.351) (25,327,351)Units outstanding, end of the period 10,135,516.275 101,355,163 9,302,613.561 93,026,135.610 28,481.061 28,481,061 32,227.847 32,227,847.000Direct Daily Dividend OptionUnits outstanding, beginning of the year / period - - - - 1,274,013.451 1,274,013,451 1,078,476.199 1,078,476,199Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - 82,956,185.350 82,956,185,350 89,304,219.676 89,304,219,676Units repurchased during the year / period - - - - (83,351,230.289) (83,351,230,289) (89,108,682.424) (89,108,682,424)Units outstanding, end of the period - - - - 878,968.512 878,968,512 1,274,013.451 1,274,013,451.000


66


BARODA PIONEER BARODA PIONEERINCOME FUND LIQUID FUND


(Units) Amounts (Units) Amounts (Units) Amounts (Units) AmountsDirect Growth OptionUnits outstanding, beginning of the year / period 31,580.774 315,808 4,769.764 47,698 8,192,344.635 8,192,344,635 6,943,852.456 6,943,852,456Units issued, initial offer - - - - - - - -Units issued during the year / period 237,629.400 2,376,294 102,436.138 1,024,361 768,227,762.063 768,227,762,063 750,461,458.984 750,461,458,984Units repurchased during the year / period (39,725.484) (397,255) (75,625.128) (756,251)(772,567,243.215)(772,567,243,215) (749,212,966.805) (749,212,966,805)Units outstanding, end of the period 229,484.690 2,294,847 31,580.774 315,807.740 3,852,863.483 3,852,863,483 8,192,344.635 8,192,344,635.000Direct Weekly OptionUnits outstanding, beginning of the year / period - - - - 184.846 184,846 1,986.603 1,986,603Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - 24,642.603 24,642,603 1,011,679.417 1,011,679,417Units repurchased during the year / period - - - - (18,449.150) (18,449,150) (1,013,481.174) (1,013,481,174)Units outstanding, end of the period - - - - 6,378.299 6,378,299 184.846 184,846.000Direct Monthly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Direct Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - 1,018.786 1,018,786 - -Units repurchased during the year / period - - - - (111.608) (111,608) - -Units outstanding, end of the period - - - - 907.178 907,178 - -Direct Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Institutional plan - Quarterly Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Institutional plan - Daily Dividend OptionUnits outstanding, beginning of the period - - - - 2,891,462.342 2,891,462,342 3,861,487.250 3,861,487,250Units issued, initial offer - - - - - - - -Units issued during the period - - - - 86,416,449.657 86,416,449,657 85,132,155.357 85,132,155,357Units repurchased during the period - - - - (86,780,737.981) (86,780,737,981) (86,102,180.265) (86,102,180,265)Units outstanding, end of the period - - - - 2,527,174.018 2,527,174,018 2,891,462.342 2,891,462,342.000Institutional plan - Monthly Dividend OptionUnits outstanding, beginning of the period - - - - 246.337 246,337 67.307 67,307Units issued, initial offer - - - - - - - -Units issued during the period - - - - 0.790 790 274.810 274,810Units repurchased during the period - - - - (247.127) (247,127) (95.780) (95,780)Units outstanding, end of the period - - - - - - 246.337 246,337.000Institutional plan - Growth OptionUnits outstanding, beginning of the period - - - - 6,151,620.455 6,151,620,455 4,612,125.875 4,612,125,875Units issued, initial offer - - - - - - - -Units issued during the period - - - - 115,610,484.617 115,610,484,617 245,028,906.370 245,028,906,370Units repurchased during the period - - - - (116,477,160.812) (116,477,160,812) (243,489,411.790) (243,489,411,790)Units outstanding, end of the period - - - - 5,284,944.260 5,284,944,260 6,151,620.455 6,151,620,455.000Quarterly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Monthly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -TotalUnits outstanding, beginning of the year / period 9,690,790.308 96,907,903 5,904,789.966 59,047,900 18,559,949.966 18,559,949,966 16,585,176.152 16,585,176,152Units issued, initial offer - - - - - - - -Units issued during the year / period 5,826,906.180 58,269,062 8,742,772.649 87,427,726 1,053,260,639.392 1,053,260,639,392 1,170,983,707.861 1,170,983,707,861Units repurchased during the year / period (4,850,687.938) (48,506,879) (4,956,772.307) (49,567,723) (1,059,235,690.750) (1,059,235,690,750) (1,169,008,934.047) (1,169,008,934,047)Units outstanding, end of the period 10,667,008.550 106,670,085.50 9,690,790.308 96,907,903.08 12,584,898.608 12,584,898,608.00 18,559,949.966 18,559,949,966.00


67


BARODA PIONEER BARODA PIONEERTREASURY ADVANTAGE FUND PSU BOND FUND


(Units) Amounts (Units) Amounts (Units) Amounts (Units) Amounts1 UNIT CAPITAL (Contd.,)

Direct Weekly OptionUnits outstanding, beginning of the year / period 2,985.977 2,985,977 60,696.123 60,696,123 - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period 253,020.905 253,020,905 708,655.860 708,655,860 - - - -Units repurchased during the year / period (254,412.088) (254,412,088) (766,366.006) (766,366,006) - - - -Units outstanding, end of the period 1,594.794 1,594,794 2,985.977 2,985,977.000 - - - -Direct Monthly OptionUnits outstanding, beginning of the year / period 1,441.779 1,441,779 569.257 569,257 152,535.359 1,525,354 68,899.360 688,994Units issued, initial offer - - - - - - - -Units issued during the year / period 1,994.565 1,994,565 442,132.041 442,132,041 3,756.990 37,570 20,918,152.454 209,181,525Units repurchased during the year / period (1,850.139) (1,850,139) (441,259.519) (441,259,519) (99,225.052) (992,251) (20,834,516.455) (208,345,165)Units outstanding, end of the period 1,586.205 1,586,205 1,441.779 1,441,779.000 57,067.297 570,673 152,535.359 1,525,353.590Direct Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period 9.405 9,405 - - - - - -Units repurchased during the year / period (3.135) (3,135) - - - - - -Units outstanding, end of the period 6.270 6,270 - - - - - -Direct Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Institutional plan - Quarterly Dividend OptionUnits outstanding, beginning of the period 1,592.417 1,592,417 2,000.000 2,000,000 - - - -Units issued, initial offer - - - - - - - -Units issued during the period 2,679.207 2,679,207 2,511.234 2,511,234 - - - -Units repurchased during the period (2,490.689) (2,490,689) (2,918.817) (2,918,817) - - - -Units outstanding, end of the period 1,780.935 1,780,935 1,592.417 1,592,417.000 - - - -Institutional plan - Daily Dividend OptionUnits outstanding, beginning of the period 1,022,730.877 1,022,730,877 3,800,354.155 3,800,354,155 - - - -Units issued, initial offer - - - - - - - -Units issued during the period 2,901,978.752 2,901,978,752 6,369,317.428 6,369,317,428 - - - -Units repurchased during the period (3,261,580.575) (3,261,580,575) (9,146,940.706) (9,146,940,706) - - - -Units outstanding, end of the period 663,129.054 663,129,054 1,022,730.877 1,022,730,877.000 - - - -Institutional plan - Monthly Dividend OptionUnits outstanding, beginning of the period 4,294.522 4,294,522 13,987.294 13,987,294 - - - -Units issued, initial offer - - - - - - - -Units issued during the period 1,610.023 1,610,023 857,144.938 857,144,938 - - - -Units repurchased during the period (4,632.489) (4,632,489) (866,837.710) (866,837,710) - - - -Units outstanding, end of the period 1,272.056 1,272,056 4,294.522 4,294,522.000 - - - -Institutional plan - Growth OptionUnits outstanding, beginning of the period 2,237,638.120 2,237,638,120 1,796,514.822 1,796,514,822 - - - -Units issued, initial offer - - - - - - - -Units issued during the period 8,833,821.099 8,833,821,099 8,291,782.434 8,291,782,434 - - - -Units repurchased during the period (9,262,277.215) (9,262,277,215) (7,850,659.136) (7,850,659,136) - - - -Units outstanding, end of the period 1,809,182.004 1,809,182,004 2,237,638.120 2,237,638,120.000 - - - -Quarterly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Monthly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -TotalUnits outstanding, beginning of the year / period 6,021,965.293 6,021,965,293 6,812,662.273 6,812,662,273.000 87,521,269.510 875,212,695 83,741,894.500 837,418,945.000Units issued, initial offer - - - - - - - -Units issued during the year / period 26,132,284.603 26,132,284,603 32,521,027.621 32,521,027,621.000 118,978,863.137 1,189,788,631 164,664,821.036 1,646,648,210.360Units repurchased during the year / period (26,622,246.150) (26,622,246,150) (33,311,724.601) (33,311,724,601.000) (172,887,560.989) (1,728,875,610) (160,885,446.026) (1,608,854,460.260)Units outstanding, end of the period 5,532,003.746 5,532,003,746.00 6,021,965.293 6,021,965,293.00 33,612,571.658 336,125,716.58 87,521,269.510 875,212,695.10


68





Direct Weekly OptionUnits outstanding, beginning of the year / period 2,985.977 2,985,977 60,696.123 60,696,123 - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - 708,655.860 708,655,860 - - - -Units repurchased during the year / period - - (766,366.006) (766,366,006) - - - -Units outstanding, end of the period 2,985.977 2,985,977 2,985.977 2,985,977.000 - - - -Direct Monthly OptionUnits outstanding, beginning of the year / period 1,441.779 1,441,779 569.257 569,257 152,535.359 1,525,354 68,899.360 688,994Units issued, initial offer - - - - - - - -Units issued during the year / period - - 442,132.041 442,132,041 - - 20,918,152.454 209,181,525Units repurchased during the year / period - - (441,259.519) (441,259,519) - - (20,834,516.455) (208,345,165)Units outstanding, end of the period 1,441.779 1,441,779 1,441.779 1,441,779.000 152,535.359 1,525,354 152,535.359 1,525,353.590Direct Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Direct Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Institutional plan - Quarterly Dividend OptionUnits outstanding, beginning of the period 1,592.417 1,592,417 2,000.000 2,000,000 - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - 2,511.234 2,511,234 - - - -Units repurchased during the period - - (2,918.817) (2,918,817) - - - -Units outstanding, end of the period 1,592.417 1,592,417 1,592.417 1,592,417.000 - - - -Institutional plan - Daily Dividend OptionUnits outstanding, beginning of the period 1,022,730.877 1,022,730,877 3,800,354.155 3,800,354,155 - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - 6,369,317.428 6,369,317,428 - - - -Units repurchased during the period - - (9,146,940.706) (9,146,940,706) - - - -Units outstanding, end of the period 1,022,730.877 1,022,730,877 1,022,730.8771,022,730,877.000 - - - -Institutional plan - Monthly Dividend OptionUnits outstanding, beginning of the period 4,294.522 4,294,522 13,987.294 13,987,294 - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - 857,144.938 857,144,938 - - - -Units repurchased during the period - - (866,837.710) (866,837,710) - - - -Units outstanding, end of the period 4,294.522 4,294,522 4,294.522 4,294,522.000 - - - -Institutional plan - Growth OptionUnits outstanding, beginning of the period 2,237,638.120 2,237,638,120 1,796,514.822 1,796,514,822 - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - 8,291,782.434 8,291,782,434 - - - -Units repurchased during the period - - (7,850,659.136) (7,850,659,136) - - - -Units outstanding, end of the period 2,237,638.120 2,237,638,120 2,237,638.1202,237,638,120.000 - - - -Quarterly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Monthly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -TotalUnits outstanding, beginning of the year / period 6,021,965.293 6,021,965,293 6,812,662.2736,812,662,273.000 87,521,269.510 875,212,695 83,741,894.500 837,418,945.000Units issued, initial offer - - - - - - - -Units issued during the year / period - - 32,521,027.62132,521,027,621.000 - - 164,664,821.036 1,646,648,210.360Units repurchased during the year / period - - (33,311,724.601)(33,311,724,601.000) - - (160,885,446.026) (1,608,854,460.260)Units outstanding, end of the period 6,021,965.293 6,021,965,293.00 6,021,965.293 6,021,965,293.00 87,521,269.510 875,212,695.10 87,521,269.510 875,212,695.10


69


BARODA PIONEER BARODA PIONEERSHORT TERM BOND FUND DYNAMIC BOND FUND


(Units) Amounts (Units) Amounts (Units) Amounts (Units) Amounts

1 UNIT CAPITALIssued and subscribed:Institutional plan - Weekly Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Regular plan - Bonus OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Regular plan - Dividend OptionUnits outstanding, beginning of the period 1,873,937.342 18,739,373 21,239,940.691 212,399,407 1,665,186.945 16,651,869 32,087,290.468 320,872,905Units issued, initial offer - - - - - - - -Units issued during the period 3,684,140.309 36,841,403 34,958,322.029 349,583,220 1,378,918.302 13,789,183 5,549,095.633 55,490,956Units repurchased during the period (1,095,163.004) (10,951,630) (54,324,325.378) (543,243,254) (1,179,302.758) (11,793,028) (35,971,199.156) (359,711,992)Units outstanding, end of the period 4,462,914.647 44,629,146 1,873,937.342 18,739,373 1,864,802.489 18,648,025 1,665,186.945 16,651,869Regular plan - Daily Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Regular plan - Weekly Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Regular plan - Quarterly Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Regular plan - Monthly Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Direct Quaterly OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Growth OptionUnits outstanding, beginning of the year / period 5,613,638.646 56,136,386 67,865,946.715 678,659,467 24,472,045.611 244,720,456 51,620,113.001 516,201,130Units issued, initial offer - - - - - - - -Units issued during the year / period 9,416,448.562 94,164,486 139,628,244.616 1,396,282,446 14,598,586.093 145,985,861 36,625,916.624 366,259,166Units repurchased during the year / period (5,979,406.230) (59,794,062) (201,880,552.685) (2,018,805,527) (30,948,088.561) (309,480,886) (63,773,984.014) (637,739,840)Units outstanding, end of the period 9,050,680.978 90,506,810 5,613,638.646 56,136,386.460 8,122,543.143 81,225,431 24,472,045.611 244,720,456.110Direct Daily Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Direct Growth OptionUnits outstanding, beginning of the year / period 13,617,313.647 136,173,136 36,024,626.940 360,246,269 14,005,903.072 140,059,031 49,010,657.970 490,106,580Units issued, initial offer - - - - - - - -Units issued during the year / period 1,944,137.232 19,441,372 91,677,597.136 916,775,971 31,796,807.994 317,968,080 89,596,315.515 895,963,155Units repurchased during the year / period (13,607,840.315) (136,078,403) (114,084,910.429) (1,140,849,104) (16,078,233.642) (160,782,336) (124,601,070.413) (1,246,010,704)Units outstanding, end of the period 1,953,610.564 19,536,106 13,617,313.647 136,173,136.470 29,724,477.424 297,244,774 14,005,903.072 140,059,030.720


70


BARODA PIONEER BARODA PIONEERSHORT TERM BOND FUND DYNAMIC BOND FUND


(Units) Amounts (Units) Amounts (Units) Amounts (Units) Amounts

1 UNIT CAPITAL (Contd.,)Direct Weekly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Direct Monthly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Direct Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Direct Dividend OptionUnits outstanding, beginning of the year / period 32,740.820 327,408 10,154,523.922 101,545,239 28,860.942 288,609 30,003.088 300,031Units issued, initial offer - - - - - - - -Units issued during the year / period 103,757.978 1,037,580 57,759,900.457 577,599,005 8,752,923.238 87,529,232 96,813,996.787 968,139,968Units repurchased during the year / period (12,593.060) (125,931) (67,881,683.559) (678,816,836) (8,766,912.046) (87,669,120) (96,815,138.933) (968,151,389)Units outstanding, end of the period 123,905.738 1,239,057 32,740.820 327,408.200 14,872.134 148,721 28,860.942 288,609.420Institutional plan - Quarterly Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Institutional plan - Daily Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Institutional plan - Monthly Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Institutional plan - Growth OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Quarterly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Monthly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -TotalUnits outstanding, beginning of the year / period 21,137,630.455 211,376,305 135,285,038.2681,352,850,382.680 40,171,996.570 401,719,966 132,748,064.527 1,327,480,645.270Units issued, initial offer - - - - - - - -Units issued during the year / period 15,148,484.081 151,484,841 324,024,064.238 3,240,240,642.380 56,527,235.627 565,272,356 228,585,324.559 2,285,853,245.590Units repurchased during the year / period (20,695,002.609) (206,950,026) (438,171,472.051)(4,381,714,720.510)(56,972,537.007) (569,725,370) (321,161,392.516) (3,211,613,925.160)Units outstanding, end of the period 15,591,111.927 155,911,119.27 21,137,630.455 211,376,304.55 39,726,695.190 397,266,951.90 40,171,996.570 401,719,965.70


71


BARODA PIONEER BARODA PIONEERCREDIT OPPORTUNITIES FUND HYBRID FUND - SERIES I



Issued and subscribed:Institutional plan - Weekly Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Regular plan - Bonus OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period 1,392.497 - 13,925 - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period 1,392.497 - 13,925 - - - - -Regular plan - Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - 1,792,198.575 17,921,986 - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - 1,792,198.575 17,921,986 - -Regular plan - Daily Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Regular plan - Weekly Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Regular plan - Quarterly Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Regular plan - Monthly Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Direct Quaterly OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period 20,000.000 200,000 - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period 20,000.000 200,000 - - - - - -Growth OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period 28,459,648.311 284,596,483 - - 26,986,758.204 269,867,582 - -Units repurchased during the year / period (2,754,628.676) (27,546,287) - - - - - -Units outstanding, end of the period 25,705,019.635 257,050,196 - - 26,986,758.204 269,867,582 - -Direct Daily Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Direct Growth OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period 4,398,886.760 43,988,868 - - 757,623.000 7,576,230 - -Units repurchased during the year / period (115,142.143) (1,151,421) - - - - - -Units outstanding, end of the period 4,283,744.617 42,837,446 - - 757,623.000 7,576,230 - -


72





Direct Weekly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Direct Monthly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period 19,405.083 194,051 - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period 19,405.083 194,051 - - - - - -Direct Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period 2,000.000 20,000 - - 1,010.000 10,100 - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period 2,000.000 20,000 - - 1,010.000 10,100 - -Direct Dividend OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period - - - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period - - - - - - - -Institutional plan - Quarterly Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Institutional plan - Daily Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Institutional plan - Monthly Dividend OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Institutional plan - Growth OptionUnits outstanding, beginning of the period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the period - - - - - - - -Units repurchased during the period - - - - - - - -Units outstanding, end of the period - - - - - - - -Quarterly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period 362,900.000 3,629,000 - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period 362,900.000 3,629,000 - - - - - -Monthly OptionUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period 1,651,887.430 16,518,874 - - - - - -Units repurchased during the year / period - - - - - - - -Units outstanding, end of the period 1,651,887.430 16,518,874 - - - - - -TotalUnits outstanding, beginning of the year / period - - - - - - - -Units issued, initial offer - - - - - - - -Units issued during the year / period 34,916,120.081 349,161,201 - - 29,537,589.779 295,375,898 - -Units repurchased during the year / period (2,869,770.819) (28,697,708) - - - - - -Units outstanding, end of the period 32,046,349.262 320,463,492.62 - - 29,537,589.779 295,375,897.79 - -


73


BARODA PIONEER BARODA PIONEER BARODA PIONEER BARODA PIONEERMIP FUND GILT FUND INCOME FUND LIQUID FUND

As at As at As at As at As at As at As at As at31 March 31 March 31 March 31 March 31 March 31 March 31 March 31 March

2015 2014 2015 2014 2015 2014 2015 20142 RESERVES AND SURPLUS

Unit Premium ReserveOpening balance (6,896,123) (18,446,987) 16,109,876 99,589,473 (4,015,699) 31,354,437 (3,043,916,424) (4,407,588,024)On issue / redemption during the year / period 46,116,220 2,261,962 (6,668,118) 96,894,934 9,408,162 33,607,145 (4,864,841,318) (774,681,419)Transfer from / (to) equalisation reserve (44,422,522) 9,288,902 (23,925,763) (180,374,531) (10,499,863) (68,977,281) (4,891,990,615) 2,138,353,019Closing balance (5,202,425) (6,896,123) (14,484,005) 16,109,876 (5,107,400) (4,015,699) (12,800,748,357) (3,043,916,424)Equalisation reserveAdditions during the year / period 44,422,522 (9,288,902) 23,925,763 180,374,531 10,499,863 68,977,281 4,891,990,615 (2,138,353,019)Transferred to revenue account (44,422,522) 9,288,902 (23,925,763) (180,374,531) (10,499,863) (68,977,281) (4,891,990,615) 2,138,353,019Closing balance - - - - - - - -Unrealised appreciation reserveOpening balance 804,571 - - 238,175 26,993,739 10,074,630Additions during the year / period 4,197,633 1,146,417 16,567,792 - 13,600,151 - - 16,919,109Reversed during the year / period - (341,846) (1,424,385) - (5,630,416) (238,175) (17,380,832) -Closing balance 5,002,204 804,571 15,143,407 - 7,969,735 - 9,612,907 26,993,739Net surplus / (deficit) as per revenue account 86,792,346 26,125,222 232,547,224 154,964,888 124,616,203 92,127,413 18,352,064,109 9,824,311,416Reserve and surplus transfer to balance sheet 86,592,125 20,033,670 233,206,626 171,074,764 127,478,538 88,111,713 5,560,928,659 6,807,388,731

BARODA PIONEER BARODA PIONEER BARODA PIONEER TREASURY ADVANTAGE FUND PSU BOND FUND SHORT TERM BOND FUND


2015 2014 2015 2014 2015 20142 RESERVES AND SURPLUS

Unit Premium ReserveOpening balance 1,519,012,585 490,789,676 8,132,859 69,985,318 344,558,888 401,898,891On issue / redemption during the year / period (8,005,244) 753,016,848 (40,663,527) 10,581,079 (24,817,904) (222,981,093)Transfer from / (to) equalisation reserve (505,456,227) 275,206,061 (187,040,993) (72,433,538) (49,412,986) 165,641,089Closing balance 1,005,551,114 1,519,012,585 (219,571,661) 8,132,859 270,327,998 344,558,888Equalisation reserveAdditions during the year / period 505,456,227 (275,206,061) 187,040,993 72,433,538 49,412,986 (165,641,089)Transferred to revenue account (505,456,227) 275,206,061 (187,040,993) (72,433,538) (49,412,986) 165,641,089Closing balance - - - - - -Unrealised appreciation reserveOpening balance 15,312,419 5,379,375 3,562,116 3,478,340 1,068,320 1,432,119Additions during the year / period 4,823,426 9,933,044 651,016 83,776 (136,061) (363,799)Reversed during the year / periodClosing balance 20,135,845 15,312,419 4,213,132 3,562,116 932,259 1,068,320Net surplus / (deficit) as per revenue account 1,668,285,820 331,717,172 369,493,084 153,818,671 (221,072,457) (282,870,381)Reserve and surplus transfer to balance sheet 2,693,972,779 1,866,042,176 154,134,555 165,513,646 50,187,799 62,756,827

BARODA PIONEER BARODA PIONEER BARODA PIONEER DYNAMIC BOND FUND CREDIT OPPORTUNITIES FUND HYBRID FUND - SERIES I


2015 2014 2015 2014 2015 20142 RESERVES AND SURPLUS

Unit Premium ReserveOpening balance (93,484,134) 5,614,006 - - - -On issue / redemption during the year / period 13,150,862 (60,349,128) (98,424) - - -Transfer from / (to) equalisation reserve (45,877,677) (38,749,012) (103,002) - - -Closing balance (126,210,949) (93,484,134) (201,426) - - -Equalisation reserveAdditions during the year / period 45,877,677 38,749,012 103,002 - - -Transferred to revenue account (45,877,677) (38,749,012) (103,002) - - -Closing balance - - - - - -Unrealised appreciation reserveOpening balance 701,083 6,284,966 - - - -Additions during the year / period 15,196,979 (5,583,883) 1,831,428 - 81,417 -Reversed during the year / periodClosing balance 15,898,062 701,083 1,831,428 - 81,417 -Net surplus / (deficit) as per revenue account 238,954,917 142,580,456 6,102,218 - 687,630 -Reserve and surplus transfer to balance sheet 128,642,030 49,797,405 7,732,220 - 769,047 -


74


BARODA PIONEER MIP FUND BARODA PIONEER GILT FUND

31 March 2015 31 March 2014 31 March 2015 31 March 2014

3 CURRENT LIABILITIES AND PROVISIONS

Management fees payable - 235,180 117,883 1,075,457

Contracts for purchase of investments 1,402,276 374,535 - -

Payable for units repurchased - 96,233 255,691 571,376

Switch out payable - 129,838 - -

Brokerage & Commission payable 76,974 - 16,700 -

Subscription pending allotment - - - 29,997,000

Load - 163,212 - 40,535

Tax deducted at source payable 322 - 690 -

Distribution income payable (including DDT) 42,412 1,380 - -

Audit fees payable 2,900 - 6,210 -

Investor education awareness payable 24,678 6,472 106,272 28,177

Unclaimed Dividend - 46,806 - -

Unclaimed Redemption 12,431 18,548 64,957 72,923

Other liabilities 1,805 184,130 390,302 5,679

1,563,798 1,256,334 958,705 31,791,147

4 INVESTMENTS

Equity shares 38,236,656 8,965,975 - -

Debentures/bonds 89,170,187 9,855,550 - -

Government securities 48,104,850 20,038,740 382,627,575 348,941,765

Treasury bills - - - -

Commercial papers - - - -

Certificate of deposits - 22,523,678 - -

175,511,693 61,383,943 382,627,575 348,941,765

5 DEPOSITS

Fixed deposits with banks - - - -

Margin money with The Clearing Corporation of India Limited. (CCIL) 50,000 50,000 500,000 500,000

Collateralised Borrowing and Lending Obligations (CBLO) 21,162,797 910,096 35,984,864 4,625,851

21,212,797 960,096 36,484,864 5,125,851

6 CURRENT ASSETS

Recoverable from the AMC 203,562 - -

Balances with banks in current account 757,170 84,221 391,760 31,309,484

Subscription money receivable 120,001 6,001 95,000 -

Switch in receivable 254,855 - 43 -

Contracts for sale of investments 639,080 654,637 - -

Interest accrued but not due 3,159,037 960,716 7,975,944 7,057,283

Other assets - 43 - -

5,133,705 1,705,618 8,462,747 38,366,767


75


BARODA PIONEER INCOME FUND BARODA PIONEER LIQUID FUND



Management fees payable 517,356 961,317 - 8,627,584

Contracts for purchase of investments - - - -

Payable for units repurchased 322,348 219,113 - 392,748

Switch out payable 27,716 - - 17,346


Subscription pending allotment 1,000 1,506,963 20,477,652 114,140,197

Load - 64,316 - 39

Tax deducted at source payable 379 - 29,330 -

Distribution income payable (including DDT) 61 61 3,770,806 2,934,171


Investor education awareness payable 29,506 18,995 6,637,900 8,606,609

Unclaimed Dividend - - - -

Unclaimed Redemption 152,549 55,154 - 101,047

Other liabilities 1,110 39,413 1,964,292 12,847,079

1,083,406 2,865,332 33,949,093 147,666,820

4 INVESTMENTS

Market / Fair Market / Fair Market / Fair Market / FairValue Value Value Value

Equity shares - - - -

Debentures/bonds 86,639,449 20,712,200 - -

Government securities 133,977,748 152,704,464 - -

Treasury bills - - - 245,720,540

Commercial papers - - 6,055,798,575 10,415,938,000

Certificate of deposits - 921,447 9,945,097,320 11,376,165,140

220,617,197 174,338,111 16,000,895,895 22,037,823,680

5 DEPOSITS

Fixed deposits with banks - - 3,635,000,000 11,850,000,000

Margin money with The Clearing Corporation of India Limited. (CCIL) - - 7,500,000 7,500,000

Collateralised Borrowing and Lending Obligations (CBLO) 8,284,216 4,697,564 38,860,749 210,844,416

8,284,216 4,697,564 3,681,360,749 12,068,344,416

6 CURRENT ASSETS

Recoverable from the AMC - - 328,008 6,526,409

Balances with banks in current account 637,540 3,720,426 7,345,997 125,023,348

Subscription money receivable - - 2,585,852 2,399,389

Switch in receivable - 293,421 773 -

Contracts for sale of investments - - 4,570,991,650 1,986,978,000

Interest accrued but not due 5,693,077 4,835,413 16,266,311 87,907,410

Other assets - 13 1,125 2,865

6,330,617 8,849,273 4,597,519,716 2,208,837,421


76





Management fees payable 1,772,500 4,057,863 289,555 1,818,818Contracts for purchase of investments - - - -Payable for units repurchased 4,164,052 849,653 44,316 9,816Switch out payable 415,472 - - -Brokerage & Commission payable 460,738 - 4,760 -Subscription pending allotment 4,553,436 - - 679,200Load - 43 - 360,992Tax deducted at source payable 13,063 - 793 -Distribution income payable (including DDT) 16,048,291 15,213,152 158,304 -Audit fees payable 117,568 - 7,133 -Investor education awareness payable 4,210,962 2,169,846 160,051 26,930Unclaimed Dividend - 276 - 688Unclaimed Redemption - 12,641 - -Other liabilities 274,394 284,765 5,985 46,717

32,030,476 22,588,239 670,897 2,943,16144. INVESTMENTS

Equity shares - - -Debentures/bonds 2,725,815,784 276,669,843 237,070,120 193,185,775Government securities - - 17,323,151 31,631,333Treasury bills - - - -Commercial papers 4,017,808,118 4,247,491,500 -Certificate of deposits 1,695,197,680 2,958,573,998 217,412,560 786,278,079

8,438,821,582 7,482,735,341 471,805,831 1,011,095,187

5 DEPOSITS

Fixed deposits with banks 380,000,000 350,000,000 - -Margin money with The Clearing Corporation of India Limited. (CCIL) - - 10,000,000 10,000,000Collateralised Borrowing and Lending Obligations (CBLO) 16,128,700 27,628,342 2,484,145 14,898,891

396,128,700 377,628,342 12,484,145 24,898,891

6 CURRENT ASSETS

Recoverable from the AMC - - - -Balances with banks in current account 17,920,893 20,377,962 18,761 1,276,621Subscription money receivable 15,283,938 12,530,041 - -Switch in receivable 171,508 36,211 - -Contracts for sale of investments - - - -Interest accrued but not due 39,680,380 17,287,409 6,622,432 6,398,724Other assets - 402 - 79

73,056,719 50,232,025 6,641,193 7,675,424


77


BARODA PIONEER BARODA PIONEER

SHORT TERM BOND FUND DYNAMIC BOND FUND



Management fees payable 185,926 664,001 247,569 4,920,967

Contracts for purchase of investments - - - -

Payable for units repurchased 28,362 3,021 - 1,061,070

Switch out payable - - - 46,195


Subscription pending allotment - 8,000 335,000 49,500

Load - 199 - 54,958


Distribution income payable (including DDT) 80,967 846 (10,507) (10,507)


Investor education awareness payable 21,685 3,205 56,699 5,259

Unclaimed Dividend - - - 4,557

Unclaimed Redemption 14,725 356,571 - 1,059

Other liabilities 1,340 6,805 8,473 26,113

367,643 1,042,648 677,598 6,159,1714. INVESTMENTS


Debentures/bonds 115,240,420 160,636,722 96,129,810 -

Government securities - - 410,876,468 401,183,750


Commercial papers 47,809,220 - - -

Certificate of deposits 28,393,620 104,677,623 - 46,029,350

191,443,260 265,314,345 507,006,278 447,213,100

5 DEPOSITS


Margin money with The Clearing Corporation of India Limited. (CCIL) - - - -

Collateralised Borrowing and Lending Obligations (CBLO) 12,977,422 1,230,256 10,161,770 2,836,958

12,977,422 1,230,256 10,161,770 2,836,9586

6. CURRENT ASSETS

Recoverable from the AMC - - - -

Balances with banks in current account 121,098 500,249 115,848 70,051

Subscription money receivable - - - -

Switch in receivable - - - -

Contracts for sale of investments - - - -

Interest accrued but not due 1,924,781 8,128,733 9,302,684 7,556,432

Other assets - 2,197 - -

2,045,879 8,631,179 9,418,532 7,626,483


78





Management fees payable 93,040 - 102,820 -

Contracts for purchase of investments - - 98,887,550 -

Payable for units repurchased - - - -

Switch out payable - - - -


Subscription pending allotment 150,000 - 1,000 -

Load - - - -


Distribution income payable (including DDT) - - - -


Investor education awareness payable 12,308 - 1,135 -

Unclaimed Dividend - - - -

Unclaimed Redemption - - - -

Other liabilities 49,892 - 4,909 -

341,861 - 99,021,561 -4. INVESTMENTS


Debentures/bonds 169,716,090 - 158,118,740 -

Government securities - - - -


Commercial papers 151,910,512 - - -

Certificate of deposits - - 98,768,150 -

321,626,602 - 256,886,890 -

5 DEPOSITS


Margin money with The Clearing Corporation of India Limited. (CCIL) - - - -

Collateralised Borrowing and Lending Obligations (CBLO) 540,957 - 135,659,170 -

540,957 - 135,659,170 -

6. CURRENT ASSETS

Recoverable from the AMC - - - -

Balances with banks in current account 339,403 - 1,004,579 -

Subscription money receivable - - - -

Switch in receivable 190,423 - - -

Contracts for sale of investments - - - -

Interest accrued but not due 5,840,189 - 1,615,867 -

Other assets - - - -

6,370,015 - 2,620,446 -


79

Schedules to the financial statements (Continued)for the year/period ended 31 March 2015(Currency: Indian Rupee)


01 April 2014 01 April 2013 01 April 2014 01 April 2013 01 April 2014 01 April 2013 01 April 2014 01 April 201331 March 2015 31 March 2014 31 March 2015 31 March 2014 31 March 2015 31 March 2014 31 March 2015 31 March 2014

7 INTEREST AND DISCOUNT INCOMEDebentures and bonds- Private placement / unlisted- Listed / awaiting

listing on recognised stock exchange 4,413,451 2,960,805 - - 4,262,997 4,093,094 - -Government securities 2,977,058 111,264 35,926,626 15,449,091 13,511,896 8,945,444 - -Treasury bills - - - - - - 266,143,345 122,311,030Commercial papers - - - - - - 2,448,801,154 2,037,090,249Certificate of deposits 2,026,653 720,832 - - 90,602 518,426 1,117,223,940 1,165,146,953Bill Rediscounted Schemes - - - - 408,527 - - 173,090,196CCIL Interest Income - - - - - - 4,142 265,154CBLO 1,516,919 686,857 2,439,051 3,622,005 608,051 1,055,542 237,450,906 300,979,999Fixed deposits with banks 16,157 1,238 - - - - 624,330,561 670,111,303

10,950,238 4,480,996 38,365,677 19,071,096 18,882,073 14,612,506 4,693,954,048 4,468,994,884

8 OTHER OPERATING EXPENSESBank charges - - - - 38 - 79,281 69,516Marketing expenses - - 108,556 - 6,000 - 81,003 -Others 422,312 171,242 1,043,643 4,119 - 2,117 - 372,903

422,312 171,242 1,152,199 4,119 6,038 2,117 160,284 442,419

BARODA PIONEER BARODA PIONEER BARODA PIONEER TREASURY ADVANTAGE FUND PSU BOND FUND SHORT TERM BOND FUND


7 INTEREST AND DISCOUNT INCOME

Debentures and bonds

- Private placement / unlisted- Listed / awaiting

listing on recognised stock exchange 112,621,238 116,699,160 20,076,410 35,259,962 8,270,591 40,765,121

Government securities - - 3,820,350 2,627,038 - -

Treasury bills 32,120,181 3,415,178 - - - -

Commercial papers 587,481,413 232,330,020 - 647,588 2,453,117 13,563,457

Certificate of deposits 167,008,933 242,591,507 30,016,065 25,608,357 2,511,241 19,410,753

Bill Rediscounted Schemes - 18,185,226 - - - -

CCIL Interest Income - - - - - -

CBLO 39,439,113 19,056,582 3,523,720 5,588,660 1,482,129 3,145,887

Fixed deposits with banks 49,491,545 41,235,577 - - - -

988,162,423 673,513,250 57,436,545 69,731,605 14,717,078 76,885,218

8 OTHER OPERATING EXPENSES

Bank charges 22,330 29,203 - - - 187

Marketing expenses 132,896 0 36,300 - 64,000 -

Others 206,880 90,142 42 9,097 2,200 3,133

362,106 119,345 36,342 9,097 66,200 3,320

BARODA PIONEER BARODA PIONEER BARODA PIONEER DYNAMIC BOND FUND CREDIT OPPORTUNITIES FUND HYBRID FUND - SERIES I


7 INTEREST AND DISCOUNT INCOME

Debentures and bonds

- Private placement / unlisted- Listed / awaiting listing on recognised stock exchange 1,276,872 53,875,696 2,754,239 - 148,568 -Government securities 32,448,787 26,268,554 363,111 - - -

Treasury bills - - - - - -

Commercial papers 871,040 100,781 2,876,785 - - -

Certificate of deposits 362,519 14,819,081 - - - -

Bill Rediscounted Schemes - 194,255 - - - -

CCIL Interest Income - - - - - -

CBLO 2,148,680 7,866,610 435,022 - 681,070 -

Fixed deposits with banks - - - - - -

37,107,898 103,124,977 6,429,157 - 829,638 -

8 OTHER OPERATING EXPENSES

Bank charges - - 57 - - -

Marketing expenses 21,000 - - - - -

Others - 5,161 77,809 - - -

21,000 5,161 77,866 - - -


80

SIGNIFICANT ACCOUNTING POLICIES FORMING PART OF THE ACCOUNTS OF BARODA PIONEERMUTUAL FUND FOR THE YEAR ENDED 31st MARCH, 2015

SCHEDULE 9:

1. BACKGROUND

a) Baroda Pioneer Mutual Fund (“the Mutual Fund”), formerly known as BOB Mutual Fund, hasbeen constituted as a Trust in accordance with the provisions of the Indian Trusts Act, 1882(2 of 1882) on 30th October 1992. The trust deed has been registered under the Indian RegistrationAct, 1908. The Mutual Fund is registered with SEBI under Registration No. MF/018/94/2, datedNovember 24, 1994.

b) BOB Mutual Fund was established by Bank of Baroda by the execution of a Trust Deed datedOctober 30, 1992. Pioneer Global Asset Management SPA acquired 51% stake in BOB AssetManagement Company Limited in 2008 and became co-sponsor for BOB Mutual Fund. Thename of BOB Mutual Fund was then changed to Baroda Pioneer Mutual Fund, for which SEBIapproval was received vide their letter IMD/RB/134922/08 dated August 12, 2008.

2. SCHEMES

Debt

Baroda Pioneer Monthly Income Plan (MIP) Fund

Baroda Pioneer Monthly Income Plan (MIP) Fund ("the Scheme") is an open Ended Income Schemewith no assured returns. The scheme is targeted for long-term capital appreciation along with stabilitythrough a well balance portfolio comprising of equity and debt.

Baroda Pioneer Gilt Fund

Baroda Pioneer Gilt Fund ("the Scheme") is an open ended Gilt Scheme. The main objective of thescheme to Investment in Government both (Central and State) securities.

Baroda Pioneer Income Fund

Baroda Pioneer Income Fund ("the Scheme") is an open ended Income Scheme. The scheme istargeted to generate regular income by investing in a portfolio of good quality Fixed Income Securitiesby maintaining a balance between Risk and Return.

Baroda Pioneer Liquid Fund

Baroda Pioneer Liquid Fund ("the Scheme") is an open ended Liquid Scheme. The investmentobjective is to generate income with a high level of liquidity by investing in a portfolio of moneymarket and debt securities.

Baroda Pioneer Treasury Advantage Fund

Baroda Pioneer Treasury Advantage Fund ("the Scheme") is an open ended debt Scheme. TheInvestment objective of the scheme is to provide optimal returns with a high level of liquidity byinvesting in a portfolio of money market and debt securities.

Baroda Pioneer Public Sector Undertaking (PSU) Bond Fund

Baroda Pioneer Public Sector Undertaking (PSU) Bond Fund ("the Scheme") is an open ended debtScheme. The investment objective of the PSU Plan is to generate stable returns with lower risk byinvesting in Fixed Income instruments of Public Sector Undertakings (PSUs) - banks, financialinstitutions & companies.

Baroda Pioneer Short Term Bond Fund

Baroda Pioneer Short Term Bond Fund ("the Scheme") is an open ended income scheme. Theobjective of the Scheme is to generate income from a portfolio constituted of short term debt andmoney market securities.

Baroda Pioneer Dynamic Bond Fund

Baroda Pioneer Dynamic Bond Fund ("the Scheme") is an open ended income scheme. The investmentobjective of the Scheme is to generate returns with liquidity by managing the portfolio dynamicallythrough interest rate cycles.

Baroda Pioneer Credit Opportunities Fund

Baroda Pioneer Credit Opportunities Fund ("the Scheme") is an open ended debt scheme. Theinvestment objective of the Scheme is to generate returns by investing in a debt and money marketinstruments across the credit spectrum. There is no assurance or guarantee that the investmentobjective of the scheme would be realized.

Baroda Pioneer Hybrid Fund

Baroda Pioneer Hybrid Fund ("the Scheme") is a close ended hybrid scheme. The investment objectiveof the Scheme is to generate income by investing in a fixed income securities maturing on or beforethe date of the maturity of the scheme and to generate capital appreciation by investing in equity andequity-related instruments. There is no assurance or guarantee that the investment objective of thescheme would be realized.

3. BASIS OF ACCOUNTING

The scheme maintains books of accounts on an accrual basis. These financials statements havebeen prepared in accordance with the accounting policies and standards specified in the NinthSchedule of the Securities and Exchange Board of India (Mutual Fund) Regulations 1996 (“SEBIRegulations”) and amendments thereto as applicable.

4. PREPARATION OF FINANCIAL STATEMENTS OF THE SCHEME

The Expert Advisory Committee (EAC) of the Institute of Chartered Accountants of India (ICAI) hasopined that the Accounting Standard on Cash Flow Statements (AS-3), Segment Reporting (AS-17)

and Related Party Disclosures (AS-18) issued by the ICAI are applicable to financial statements ofschemes of mutual funds. The Management of the Baroda Pioneer Asset Management Company(AMC) is of the view that the mutual funds are governed by a self-contained regulatory framework,i.e. the SEBI Regulations, the Ninth and Eleventh Schedules of which, lay down the AccountingPolicies and Standards to be adopted and the disclosures to be made. Accordingly, the financialstatements have been prepared on the basis of the SEBI Regulations.

Further the Fund has no reportable business or geographic segments and that the related partytransactions are disclosed in Note No.11 of Schedule 10.

5. INCOME RECOGNITION

a) Dividends on quoted shares are recognised on the date the respective shares are quoted on Ex-Dividend basis. In case of unquoted shares the dividend is recognised on the date of declaration.

b) Profit or loss on sale/redemption of investments is arrived at by applying weighted average costmethod and is recognised on the trade date.

c) In respect of securities including those purchased on Reverse-Repo basis, interest income oninvestments is accounted for on accrual basis.

d) Other income of miscellaneous nature is accounted for, as and when realised.

e) Income on Non-performing asset is recognised on cash basis.

f) Appreciation/Depreciation, as the case may be, in the value of securities at the year-end iscomputed for the scheme, whereby the aggregate market value of all securities taken togetheris compared with the aggregate cost of acquisition.

The net change in unrealized gain or loss between two balance sheet dates is shown in therevenue account. The change in unrealized gain in the value of investment is transferred tounrealized appreciation reserve through Appropriation Account.

While determining the surplus for distribution, the unrealised gain in the value of investment isreduced.

6. EXPENSES

a) Expenses are accounted for on accrual basis.

b) Investment management fees payable to Asset Management Company is computed on thebasis of Daily Net Asset Value.

c) Provision is made in respect of the principal amount of NPA securities, in accordance withvaluation principles laid down by SEBI.

d) Provision is made for income, which is not realised within 3 months from the date of accrual inaccordance with the SEBI Regulations and no further accrual of income is made in respect ofsuch investment.

7. LOAD CHARGES

Pursuant to SEBI circular No: SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009, with effect fromAugust 1, 2009, no entry load is charged.

As per Regulations 51A of the Securities & Exchange Board of India (Mutual Funds) (SecondAmendment) Regulations, 2012 , the exit load charged, if any, has to be credited back to the scheme.Further, as per SEBI circular No. CIR/IMD/DF/21/2012, dated September 13, 2012, service tax on exitload, if any, has to be paid out of the exit load proceeds and the exit load net of service tax, if any,has to be credited back to the scheme. The schemes have complied with the said regulation.

8. INVESTMENTS

a) Basis of accounting

Transactions for purchase and sale of investments are recorded on trade date. The cost ofinvestments includes all costs incurred in acquiring the investments and incidental to acquisitionof investments. Any front-end discount on privately placed investments is reduced from the costof such investments. Brokerage and transaction cost incurred for the purpose of execution oftrades are capitalized to the extent of 12bps. Any payment towards brokerage and transactioncost over and above the aforesaid limit charged to the scheme within the maximum limit of TotalExpense Ratio (TER) as prescribed under Regulation 52(6) of the SEBI Regulations.

In determining the holding cost of Investments and the gain or loss on sale of investments, the“weighted average cost” method is followed.

Bonus entitlements are recognised as investments on the ‘ex-bonus date’. Rights entitlementsare recognised as investments on the ‘ex-rights date’.

Broken period interest paid/received is not included in the cost of purchases and sales proceedsrespectively.

b) Valuation

Investments for the purpose of valuation are classified as traded and non-traded in accordancewith the provisions of the Regulations.

Investments are valued as per the Valuation Policy approved by the Boards of the AMC andTrustee Company in line with the revised valuation norms prescribed by SEBI.


81

Valuation of Debt and Money Market Securities:

Traded Debt securities:

If a debt security (other than Government Securities) is not traded on any Stock Exchange onany particular valuation day, the value at which it was traded on the principal Stock Exchangeor any other Stock Exchange, as the case may be, on the earliest previous day is used providedsuch date is not more than fifteen days prior to valuation date. When a debt security (other thanGovernment Securities) is purchased by way of private placement, the value at which it wasbought is used for a period of fifteen days beginning from the date of purchase.

Non-traded/ thinly traded Debt and Money Market Securities:

Non-Traded/Thinly traded debt and money market securities are valued at fair value as determined“in good faith” by the Board of the Asset Management Company, in accordance with theguidelines for valuation of securities for mutual funds, as issued by SEBI and approved by theBoard of the Trustee Company. Non Traded / thinly traded debt and money market securities,including floating rate securities, with residual maturity of up to 60 days are valued at theweighted average price at which they are traded on the particular valuation day. When suchsecurities are not traded on a particular valuation day they shall be valued on amortizationbasis.

All money market and debt securities, including floating rate securities, with residual maturityof over 60 days are valued at weighted average price at which they are traded on the particularvaluation day. When such securities are not traded on a particular valuation day they are valuedat benchmark yield/ matrix of spread over risk free benchmark yield obtained from agency(ies)entrusted for the said purpose by Association of Mutual Funds in India (‘AMFI’).

Valuation of Government Securities

Government securities are valued at prices for government securities released by an agencysuggested by AMFI.

Traded equity securities:

Traded equity securities are valued at the last quoted closing price on the National StockExchange of India Limited (NSE). However, if the securities are not listed on the NSE, thesecurities are valued at the price quoted at the exchange where it is principally traded. Whenon a particular valuation day, a security has not been traded on NSE but has been traded onanother stock exchange the value at which it was traded on that stock exchange is usedprovided it is not more than thirty days prior to the valuation date.

Non-traded/ thinly traded equity and equity related securities:

If the equity securities are not traded on any stock exchange for a period of thirty days prior tothe valuation date, the securities must be treated as ‘non-traded’ securities.

Thinly traded equity/equity related securities are those where trading in an equity/equity relatedsecurity (such as convertible debentures, equity warrants, etc.) in a month is less than Rs. 5lacs or the total volume is less than 50,000 shares.

Thinly traded, non-traded and unlisted equity and equity related securities are valued “in goodfaith” on the basis of net worth per share and earnings capitalisation as prescribed by theRegulations.

Equity securities awaiting listing are valued at a price at which they have been allotted.

Warrants

In respect of warrants to subscribe for shares attached to instruments, the warrants are valuedat the value of the share which would be obtained on exercise of the warrant as reduced by theamount which would be payable on exercise of the warrant. An Appropriate discount is deductedto account for the period, which must elapse before the warrant can be exercised.

Partly Paid-up Equity Shares:

If the partly paid-up equity shares are traded in market separately then the same are valued attraded price (like any other equity instrument). If the same is not traded separately then partlypaid equity shares are valued at Underlying Equity price as reduced by the balance call moneypayable.

Investments in Mutual Fund Schemes:

Investments in mutual fund schemes are valued on the closing NAV as on the valuation date.

Reverse Repos:

Instruments bought on ‘repo’ basis are valued at the resale price after deduction of applicableinterest upto date of resale.

Collateralised Borrowings and Lending Obligations (CBLO).

CBLOs is valued at cost plus accrued interest.

9. UNIT CAPITAL, UNIT PREMIUM RESERVE ACCOUNT AND EQUALISATION ACCOUNT

Unit capital represents the net outstanding as at the balance sheet date.

The difference between the face value and the purchase/sale price of the units purchased/sold iscredited or debited, as the case may be, to Unit Premium Reserve Account after an appropriate portionof the issue proceeds and redemption payout is credited or debited respectively to the EqualisationReserve Account.

The purpose of the Equalisation Account is to maintain per unit distributable surplus so that continuingunit holders’ share of distributable surplus remains unchanged on issue or redemption of units. Thetotal distributable surplus (without considering unrealised appreciation) up to the date of issue orredemption of units has been taken into account for the purpose of ascertaining the amount to betransferred to Equalisation Account. The net balance in this account is transferred to the RevenueAccount at the end of the year.

10. NET ASSET VALUE (NAV)

The NAV for the units issued under the various Plans like Growth Plan, Dividend Plan etc. isdetermined separately. For reporting NAV for Plans, daily income earned of the scheme is apportionedbetween the Plans in the proportion of the Net Assets of each of the Plans.

Annexure II1. Details of transactions with Associates in terms of regulation 25(8)

a) Brokerage paid to associates/related parties/group companies of Sponsor/AMC

Name of associates/related parties/group Nature of Association/ Period Value of % of Total Value Brokerage % of total Brokeragecompanies of Sponsor/AMC Nature of relation Covered Transaction of Transaction paid by the Fund

of the Fund

BOB Capital Markets Ltd. Associate Broker Apr-14 To Mar-15 900,143,077.77 1.50% 1,961,343.34 4.17%

SBICAP Securities Ltd Associate Broker Apr-14 To Mar-15 602,116,134.61 1.00% 1,315,037.89 2.79%

Name of associates/related parties/group Nature of Association/ Period Value of % of Total Value Brokerage % of total Brokeragecompanies of Sponsor/AMC Nature of relation Covered Transaction of Transaction paid by the Fund

of the Fund

BOB Capital Markets Ltd. Associate Broker Apr-13 To Mar-14 367,098,330.55 0.38% 800,697.38 3.77%

SBICAP Securities Ltd Associate Broker Apr-13 To Mar-14 172,362,259.05 0.18% 372,988.40 1.76%

b) Commission paid to associates/related parties/group companies of sponsor/AMC

Name of associate/related parties/group Nature of association Yearlycompanies of Sponsor/AMC /Nature of relation March 21, 2014 to March 31, 2015

Business % of Total Business Commission % of total commissionGiven (Rs. In Cr) received by the fund Paid (Rs.) paid by the fund

BANK OF BARODA Sponsor 32,697,451,238.54 2.02 34,435,302.22 25.59

Name of associate/related parties/group Nature of association Yearlycompanies of Sponsor/AMC /Nature of relation April 01, 2013 to March 20, 2014

Business % of Total Business Commission % of total commissionGiven (Rs. In Cr) received by the fund Paid (Rs.) paid by the fund

BANK OF BARODA Sponsor 30,340,860,193.30 1.92 24,555,064.78 45.76

Interest on Borrowings & Bank charges

Scheme Name of Associate Nature of Association Nature of Expenses Amount (Rs.)

Baroda Pioneer Liquid Fund Bank of Baroda Sponsor Interest on borrowing 4,549,315

Bank charges 24,417

Baroda Pioneer Treasury Advantage Fund Bank of Baroda Sponsor Interest on borrowing 182,534

Bank charges 6,718


82

SCHEDULE 10

NOTES TO ACCOUNTS

1 The Cost and Market Value / Fair Value of investments are as given below:

Cost / Amortised cost * Market Value / Net Appreciation / Depreciation)Fair Value ( in value of investments

Scheme Name Investments March 31, 2015 March 31, 2014 March 31, 2015 March 31, 2014 March 31, 2015 March 31, 2014

BARODA PIONEER MIP FUND Certificate of Deposit - 22,434,963 - 22,523,678 - 88,715

Debentures / Bonds Listed / Awaiting listing 88,057,058 9,838,285 89,170,187 9,855,550 1,113,129 17,265

Equity Shares 37,102,060 8,269,456 38,236,656 8,965,975 1,134,596 696,519

Government Securities/Treasury bills 45,350,370 20,036,669 48,104,850 20,038,740 2,754,480 2,071

TOTAL 170,509,489 60,579,372 175,511,693 61,383,943 5,002,205 804,571

BARODA PIONEER GILT FUND Government Securities/Treasury bills 367,484,168 350,366,150 382,627,575 348,941,765 15,143,407 (1,424,385)

TOTAL 367,484,168 350,366,150 382,627,575 348,941,765 15,143,407 (1,424,385)

BARODA PIONEER INCOME FUND Certificate of Deposit - 920,646 - 921,447 - 801

Debentures / Bonds Listed / Awaiting listing 85,191,430 20,677,786 86,639,449 20,712,200 1,448,019 34,414

Government Securities/Treasury bills 127,456,033 158,370,096 133,977,748 152,704,464 6,521,715 (5,665,631)

TOTAL 212,647,463 179,968,528 220,617,197 174,338,111 7,969,734 (5,630,416)

BARODA PIONEER LIQUID FUND Certificate of Deposit 9,939,940,546 11,354,015,197 9,945,213,290 11,376,165,140 5,272,744 22,149,943

Commercial Paper 6,057,399,738 10,411,372,740 6,061,739,900 10,415,938,000 4,340,162 4,565,260

Government Securities/Treasury bills - 246,004,465 - 246,283,000 - 278,535

Deposits 3,635,000,000 11,850,000,000 3,635,000,000 11,850,000,000 - -

TOTAL 19,632,340,284 33,861,392,402 19,641,953,190 33,888,386,140 9,612,906 26,993,738

BARODA PIONEER TREASURY Certificate of Deposit 1,692,077,721 2,951,393,395 1,695,197,680 2,958,573,998 3,119,959 7,180,603

ADVANTAGE FUND Commercial Paper 4,010,783,318 4,239,066,651 4,017,808,118 4,247,491,500 7,024,800 8,424,850

Debentures / Bonds Listed / Awaiting listing 2,715,824,698 276,962,877 2,725,815,784 276,669,843 9,991,086 (293,034)

Deposits 380,000,000 350,000,000 380,000,000 350,000,000 - -

TOTAL 8,798,685,738 7,817,422,922 8,818,821,582 7,832,735,341 20,135,844 15,312,419

BARODA PIONEER PSU BOND FUND Certificate of Deposit 216,996,196 784,343,678 217,412,560 786,278,079 416,364 1,934,401

Debentures / Bonds Listed / Awaiting listing 234,284,734 191,792,393 237,070,120 193,185,775 2,785,386 1,393,382


TOTAL 467,592,699 1,007,533,071 471,805,831 1,011,095,187 4,213,131 3,562,116

BARODA PIONEER SHORT TERM BOND FUND Certificate of Deposit 28,364,629 104,395,271 28,393,620 104,677,623 28,991 282,352

Commercial Paper 47,716,619 - 47,809,220 - 92,601 -

Debentures / Bonds Listed / Awaiting listing 114,429,752 159,850,754 115,240,420 160,636,722 810,668 785,968

TOTAL 190,511,001 264,246,025 191,443,260 265,314,345 932,259 1,068,320

Baroda Pioneer Dynamic Bond Fund Certificate of Deposit - 45,780,957 - 46,029,350 - 248,394

Debentures / Bonds Listed / Awaiting listing 95,812,350 - 96,129,810 - 317,460 -


TOTAL 491,108,216 446,512,017 507,006,278 447,213,100 15,898,062 701,083

Baroda Pioneer Credit Opportunities Fund Commercial Paper 151,736,309 - 151,910,512 - 174,203 -

Debentures / Bonds Listed / Awaiting listing 168,058,865 - 169,716,090 - 1,657,225 -

TOTAL 319,795,174 - 321,626,602 - 1,831,428 -

Baroda Pioneer Hybrid Fund - Series I Certificate of Deposit 98,887,550 - 98,768,150 - (119,400) -

Debentures / Bonds Listed / Awaiting listing 157,917,923 - 158,118,740 - 200,817 -

TOTAL 256,805,473 - 256,886,890 - 81,417 -

* Cost includes interest accrued in respect of Money Market Instruments and Zero Coupon Bonds till valuation date.

2 The Statement of Portfolio Holding and industrywise classification of the schemes’ investments in each category of investment as on March 31, 2015 is given in Annexure IV

3 The aggregate fair value of non traded / thinly traded investments, which have been valued in good faith in accordance with the guidelines for valuation of securities for Mutual Fund issued by SEBI,are given below:

Scheme Name March 31, 2015 March 31, 2014

Book Value Market / Fair Value Book Value Market / Fair ValueBaroda Pioneer MIP Fund 132,673,869 137,275,037 52,172,241 52,417,968Baroda Pioneer Gilt Fund 367,484,168 382,627,575 350,366,150 348,941,765Baroda Pioneer Income Fund 212,525,203 220,617,197 179,967,600 174,338,111Baroda Pioneer Liquid Fund 14,935,210,127 15,008,276,190 21,871,062,070 22,038,386,140Baroda Pioneer Treasury Advantage Fund 8,117,498,423 8,193,550,702 7,407,196,779 7,482,735,341Baroda Pioneer PSU Bond Fund 467,390,773 471,805,831 1,004,023,387 1,011,095,187Baroda Pioneer Short Term Bond Fund 178,562,762 181,223,640 262,658,093 265,314,345Baroda Pioneer Dynamic Bond Fund 491,108,216 507,006,278 446,426,660 447,213,100Baroda Pioneer Credit Opportunities Fund 318,258,329 321,626,602 - -Baroda Pioneer Hybrid Fund - Series I 256,776,500 256,886,890 - -


83

4 Net Asset Value per unit of various Options are as under:

Scheme Name Name of the Plan / Option March 31, 2015 March 31, 2014

Baroda Pioneer MIP Fund Growth Plan 18.6116 16.0083

Monthly Dividend 13.3973 12.2536

Quarterly Dividend 13.0607 12.2366

Direct Growth Plan 18.9507 16.1445

Direct Quarterly Plan 13.1014 -

Direct Monthly Dividend 13.4082 12.2810

Baroda Pioneer Gilt Fund Dividend Plan 19.1725 16.5529

Growth Plan 22.0945 19.0757


Direct Dividend Plan 19.6095 16.6803

Baroda Pioneer Income Fund Dividend Plan 21.9403 19.0916

Growth Plan 21.9403 19.0916


Baroda Pioneer Liquid Fund Dividend Plan 2,054.2760 1,903.5674

Growth Plan 2,397.7341 2,221.8260

Regular Bonus Plan 1,601.6537 -

Daily Dividend Plan 1,006.0600 1,006.7897

Institutional Daily Dividend 1,001.1191 1,001.8617

Institutional Weekly Dividend 1,000.7043 1,002.6532

Institutional Growth 1,602.3750 1,470.6246

Institutional Monthly Dividend - 1,002.7632

Direct Bonus Plan 1,605.5385 -

Direct Daily Dividend Plan 1,001.1191 1,001.8699

Direct Growth Plan 1,605.2630 1,471.7663

Direct Weekly Dividend 1,165.9542 1,068.9955

Baroda Pioneer Treasury Advantage Fund Growth Plan 1,574.6444 1,452.2560

Regular Bonus Plan 1,593.0423 -

Daily Dividend Plan 1,002.5011 1,002.6970

Weekly Dividend 1,002.6812 1,009.8105

Monthly Dividend 1,005.0807 1,005.1820

Quarterly Dividend 1,069.1948 1,015.4559

Institutional Daily Dividend 1,025.4147 1,025.7913

Institutional Weekly Dividend 1,023.9950 1,029.3780

Institutional Growth 1,593.5204 1,458.7293

Institutional Monthly Dividend 1,004.1434 1,004.0562

Institutional Quarterly Dividend 1,005.7468 1,008.8803

Direct Bonus Plan 1,602.4992 -

Direct Daily Dividend Plan 1,007.2220 1,007.8740

Direct Growth Plan 1,602.6559 1,461.9015

Direct Quarterly Plan 1,010.7848 1,016.2398

Direct Weekly Dividend 1,002.7111 1,003.9403

Direct Monthly Dividend 1,004.2299 1,004.1194

Baroda Pioneer PSU Bond Fund Growth Plan 18.6116 16.0083

Monthly Dividend 13.3973 12.2536

Quarterly Dividend 13.0607 12.2366


Direct Monthly Dividend 18.9507 16.1445

Baroda Pioneer Short Term Bond Fund Dividend Plan 10.0733 10.0782

Growth Plan 14.5018 13.2077



Baroda Pioneer Dynamic Bond Fund Dividend Plan 11.7871 10.1361

Growth Plan 13.0588 11.2295



Baroda Pioneer Credit Opportunities Fund Growth Plan 10.2385 -

Regular Bonus Plan 10.2385 -

Monthly Dividend 10.2385 -

Quarterly Dividend 10.2385 -

Direct Bonus Plan 10.2594 -

Direct Growth Plan 10.2594 -

Direct Quarterly Plan 10.2594 -

Direct Monthly Dividend 10.2594 -

Baroda Pioneer Hybrid Fund - Series I Dividend Plan 10.0260 -

Growth Plan 10.0260 -

Direct Growth Plan 10.0288 -

Direct Dividend Plan 10.0288 -


84

5 Aggregate Value of Purchase and Sales made during the year , expressed as a percentage of Average Daily Net Assets value as under:

March 31, 2015 March 31, 2014

Scheme Name Purchases Sales* Purchases Sales*

Amount % of Avg. Amount % of Avg. Amount % of Avg. Amount % of Avg.Net Assets Net Assets Net Assets Net Assets

Baroda Pioneer MIP Fund 413,149,345 272.84 316,475,895 209.00 145,880,303 246.66 127,348,818 215.33Baroda Pioneer Gilt Fund 1,669,245,447 365.49 1,675,605,941 366.88 1,675,475,799 742.02 1,449,464,027 641.93Baroda Pioneer Income Fund 443,168,459 206.34 413,429,432 192.49 403,684,166 241.94 312,327,795 187.19Baroda Pioneer Liquid Fund 566,480,653,560 1,078.47 576,349,257,843 1,097.25 487,177,050,930 998.51 488,512,764,789 1,001.24Baroda Pioneer Treasury Advantage Fund 106,472,594,926 992.00 106,334,460,103 990.72 86,250,607,024 1,143.67 86,744,944,633 1,150.23Baroda Pioneer PSU Bond Fund 1,037,938,728 155.99 1,616,321,127 242.92 6,307,319,109 776.77 6,206,051,042 764.30Baroda Pioneer Short Term Bond Fund 386,500,372 241.69 467,038,533 292.05 5,472,676,567 679.12 6,762,194,591 839.14Baroda Pioneer Dynamic Bond Fund 1,938,951,477 447.85 1,912,084,806 441.64 11,185,202,105 930.23 12,076,384,004 1,004.34Baroda Pioneer Credit Opportunities Fund 439,786,003 133.14 122,980,266 37.23 - - - -Baroda Pioneer Hybrid Fund 256,776,500 86.76 - - - - - -

6 Details of Management Fees paid to Baroda Pioneer Asset Management Co. Ltd. and its computation thereof:Scheme Name Period Average Daily Net Management Fees % of Management

Asset Value (Excluding service tax) Fees to Average Net Asset ValueBaroda Pioneer MIP Fund March 31, 2015 151,424,674 2,737,557 1.81

March 31, 2014 59,141,981 1,240,087 2.10Baroda Pioneer Gilt Fund March 31, 2015 456,718,324 6,112,025 1.34

March 31, 2014 225,798,988 3,081,778 1.36Baroda Pioneer Income Fund March 31, 2015 214,780,449 3,554,350 1.65

March 31, 2014 166,854,401 2,407,501 1.44Baroda Pioneer Liquid Fund March 31, 2015 52,526,484,614 67,735,493 0.13

March 31, 2014 48,790,591,539 63,609,452 0.13Baroda Pioneer Treasury Advantage Fund March 31, 2015 10,733,072,304 27,859,015 0.26

March 31, 2014 7,541,549,598 22,831,034 0.30Baroda Pioneer PSU Bond Fund March 31, 2015 665,385,132 4,167,207 0.63

March 31, 2014 811,990,564 5,751,566 0.71Baroda Pioneer Short Term Bond Fund March 31, 2015 159,916,259 873,089 0.55

March 31, 2014 805,845,776 3,224,427 0.40Baroda Pioneer Dynamic Bond Fund March 31, 2015 432,947,539 2,195,623 0.51

March 31, 2014 1,202,415,837 11,688,834 0.97Baroda Pioneer Credit Opportunities Fund March 31, 2015 330,307,510 461,666 0.75

March 31, 2014 - - -Baroda Pioneer Hybrid Fund - Series I March 31, 2015 295,974,723 98,722 1.74

March 31, 2014 - - -7 During the year there were no transactions pertaining to derivatives and foreign securities.8 No provision for taxation is required as Baroda Pioneer Mutual Fund is a recognised Mutual Fund under Section 10 (23D) of the Income Tax Act, 1961.9 a) The Scheme has not undertaken any underwriting obligations with respect to issue of securities of associate companies.

b) The Scheme has not subscribed to any issues where any of its associate companies is a lead manager.c) The Scheme has not subscribed to any issue of equity or debt on private placement basis where the sponsor or associate companies have acted as arranger or manager.

10 Disclosure under Regulation 25(11) of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as amended:Investment made by Baroda Pioneer Mutual Fund in companies whichhold units in excess of 5% of the net asset value of any of the schemes of Baroda Pioneer Mutual Fund for the period ended March 31, 2014.(Please refer the Annexure I)

11 Details of transactions with Associates in terms of regulation 25(8)a) Brokerage paid to associates/related parties/group companies of Sponsor/AMC (Please refer to Annexure II)b) Commission paidto associates/related parties/group companies of sponsor/AMC(Please refer to Annexure II)

12 a) Annualised total income (net of loss on sale & appreciation/depreciation on investments) and expenditure (excluding loss on sale of investments) as a percentage of the average daily net assetsduring the year are given below:

(As a % of Average Net Asset Value)March 31, 2015 March 31, 2014

Scheme Name Income Total Expenditure Income Total ExpenditureBaroda Pioneer MIP Fund 17.57 2.68 11.15 2.97Baroda Pioneer Gilt Fund 17.31 2.07 6.77 1.93Baroda Pioneer Income Fund 16.41 2.23 5.36 2.18Baroda Pioneer Liquid Fund 8.94 0.28 9.18 0.34Baroda Pioneer Treasury Advantage Fund 9.48 0.49 8.26 0.45Baroda Pioneer PSU Bond Fund 9.99 0.82 8.10 0.82Baroda Pioneer Short Term Bond Fund 0.87 10.40 7.58 0.53Baroda Pioneer Dynamic Bond Fund 15.98 0.72 6.43 1.16Baroda Pioneer Credit Opportunities Fund 14.03 1.19 - -Baroda Pioneer Hybrid Fund - Series I 16.05 2.27 - -

13 Particulars of Unclaimed Dividend and Unclaimed Redemption are as under:

Scheme Name Unclaimed Dividend Unclaimed RedemptionMarch 31, 2015 March 31, 2014 March 31, 2015 March 31, 2014

Baroda Pioneer MIP Fund - 46,806 12,431 18,548Baroda Pioneer Gilt Fund - - 64,957 72,923Baroda Pioneer Income Fund - - 152,549 55,154Baroda Pioneer Liquid Fund - - - 101,047Baroda Pioneer Treasury Advantage Fund - 276 - 12,641Baroda Pioneer PSU Bond Fund - 688 - -Baroda Pioneer Short Term Bond Fund - - 14,725 356,571Baroda Pioneer Dynamic Bond Fund - 4,557 - 1,059TOTAL NIL 47,770 244,661 617,943


85

14 Details of large holding (over 25% of NAV of the schemes) are as under:

March 31, 2015 March 31, 2014

Scheme Name Details of Large scale holiding Details of Large scale holiding(over 25% of Nav of the scheme) (over 25% of Nav of the scheme)

No. of Investors As a % of Net Asset Value No. of Investors As a % of Net Asset Value

Baroda Pioneer Treasury Advantage Fund - - 1 25.84

Baroda Pioneer Psu Bond Fund 1 45.18 1 25.55

Baroda Pioneer Short Term Bond Fund - - 1 41.10

Baroda Pioneer Dynamic Bond Fund - - 2 64.31

15 The Exit Load collected net of service tax , if any is credited back to the scheme as per the Regulation.

16 The historical per unit statistics are given in Annexure III.

17 Details of borrowings from scheduled banks by schemes of Baroda Pioneer Mutual Fund outstanding as on March 31, 2015 are as follows:

Scheme Amount Rate of Date of Date of Nature of % of Net AssetsBorrowed interest Borrowing Repayment Borrowing Borrowed*

Baroda Pioneer Liquid Fund 900,000,000 9.75% 31-Mar-15 6-Apr-15 Loan (Corporation Bank) 2.92%

Baroda Pioneer Liquid Fund 5,200,000,000 10.25% 31-Mar-15 6-Apr-15 Loan (Bank of Baroda) 16.90%

Baroda Pioneer Treasury Advantage Fund 650,000,000 10.25% 31-Mar-15 6-Apr-15 Loan (Bank of Baroda) 7.54%

*Borrowing as percentage of opening net assets on the date of the borrowing.

Borrowing cost has been charged to the scheme on the above loans and adjusted against interest income during the year and is not considered for the purpose of limit calculation for total expenses.

As per our report of even date








86

Annexure III

Perspective Historical Per Unit Statistics for the year/period ended March 31, 2015BARODA PIONEER BARODA PIONEER BARODA PIONEER

MIP FUND GILT FUND INCOME FUND

Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-15 31-Mar-14 31-Mar-13

(a) Net asset value per unit at the end of theperiod / maturity / final redemption date

RD Dividend Plan - - - 19.1725 16.5529 18.2266 21.9403 19.0916 18.3316

RG Growth Plan 18.6116 16.0083 14.7943 22.0945 19.0757 18.2405 21.9403 19.0916 18.3316

RB Regular Bonus Plan - - - - - - - -

RDD Daily Dividend Plan - - - - - - - - -

RWD Weekly Dividend - - - - - - - - -

RMD Monthly Dividend 13.3973 12.2536 12.0969 - - - - - -

RQD Quarterly Dividend 13.0607 12.2366 12.1745 - - - -

IDD Institutional Daily Dividend - - - - - - - - -

IWD Institutional Weekly Dividend - - - - - - - - -

IG Institutional Growth - - - - - - - - -

IMD Institutional Monthly Dividend - - - - - - - - -

IQD Institutional Quarterly Dividend - - - - - - - - -

DBO Direct Bonus Plan - - - - - - - - -

DDD Direct Daily Dividend Plan - - - - - - - - -

DGR Direct Growth Plan 18.9507 16.1445 15 22.6513 19.2675 18 22.4234 19.3176 18

DQD Direct Quarterly Plan 13.1014 - - - - - - - -

DWD Direct Weekly Dividend - - - - - - - - -

DMD Direct Monthly Dividend 13.4082 12.2810 12 - - - - - -

DDV Direct Dividend Plan - - - 19.6095 16.6803 18 - - -

(b) Gross Income

(i) income other than profit on sale of investment 1.05 1.12 1.47 2.02 1.04 0.47 1.81 1.57 0.96

(ii) income from profit on inter schemesales/transfer of investment 0.02 0.02 0.00 0.12 - - 0.09 (0.01) 0.00

(iii) income (net) from profit on sale ofinvestments to third party 0.91 0.13 (0.59) 1.09 (0.18) 0.05 0.13 (0.03) 0.10

(iv) transfer of revenue account from pastyear’s reserve - - - - - - - - -

(c) Aggregate of expenses, writeoff, amortisationand charges (excluding 0.39 0.41 0.36 0.53 0.23 0.06 0.49 0.38 0.08

(d) Net Income (excluding change in unrealisedappreciation/ depreciation on investments) - - - - - - - - -

(e) Unrealised appreciation / (depreciation) invalue of investments 0.37 0.27 0.63 0.86 (0.06) (0.04) 1.27 (0.61) 0.04

(f) Redemption price

Highest

RD Dividend Plan - - - 37.9616 18.8906 17.3420 43.5340 18.9955 17.4428

RG Growth Plan 18.5281 15.8482 14.1492 21.8736 18.9050 17.3553 21.7670 18.9955 17.4428

RB Regular Bonus Plan

RDD Daily Dividend Plan - - - - - - - - -

RWD Weekly Dividend - - - - - - - - -

RMD Monthly Dividend 26.8078 12.2211 12.0003 - - - - - -

RQD Quarterly Dividend 26.4034 12.3659 12.2095 - - - - - -

IDD Institutional Daily Dividend - - - - - - - - -

IWD Institutional Weekly Dividend - - - - - - - - -

IMD Institutional Monthly Dividend - - - - - - - - -

IQD Institutional Quarterly Dividend - - - - - - - - -

IG Institutional Growth - - - - - - - - -

DBO Direct Bonus Plan

DDD Direct Daily Dividend Plan - - - - - - - - -

DGR Direct Growth Plan 18.8405 15.9831 14.7398 22.4248 19.0748 18.2024 22.2299 19.1244 18.1828

DWD Direct Weekly Dividend - - - - - - - - -

DMD Direct Monthly Dividend 13.3590 12.1845 12.1997 - - - - - -

DQD Direct Quarterly Dividend

DDV Direct Dividend Plan - - - 19.4134 18.9899 18.1269 - - 17.8094

Lowest

RD Dividend Plan - - - 32.4510 16.3340 16.4079 37.4656 17.5257 16.6267

RG Growth Plan 15.7763 14.1673 13.4579 18.6983 17.4885 16.4204 18.7328 17.5257 16.6267


87

Perspective Historical Per Unit Statistics for the year/period ended March 31, 2015 (Comtd.,)BARODA PIONEER BARODA PIONEER BARODA PIONEER

MIP FUND GILT FUND INCOME FUND


RB Regular Bonus Plan - - - - - - - - -RDD Daily Dividend Plan - - - - - - - - -RWD Weekly Dividend - - 11.6615 - - - - - -RMD Monthly Dividend 24.1492 11.2697 11.8098 - - - - - -RQD Quarterly DividendIDD Institutional Daily DividendIWD Institutional Weekly Dividend - - - - - - - - -IMD Institutional Monthly Dividend - - - - - - - - -IQD Institutional Quarterly Dividend - - - - - - - - -IG Institutional Growth - - - - - - - - -DBO Direct Bonus Plan - - - - - - - - -DDD Direct Daily Dividend Plan - - - - - - - - -DGR Direct Growth Plan 15.9119 14.2163 14.5594 18.8926 17.5834 17.8295 18.9582 17.6245 17.8094DWD Direct Weekly Dividend - - - - - - - - -DMD Direct Monthly Dividend 12.1036 11.2548 11.8956 - - - - - -DQD Direct Quarterly Dividend 12.3558 - - - - - - - -DDV Direct Dividend Plan - - - 16.3557 16.4573 17.8158 - - 17.8094

(g) Purchase priceHighestRD Dividend Plan - - - 38.3450 19.0814 17.5172 43.9738 19.1874 17.6190RG Growth Plan 18.7153 16.0083 14.2921 22.0945 19.0960 17.5306 21.9869 19.1874 17.6190RB Regular Bonus Plan - - - - - - - - -RDD Daily Dividend Plan - - - - - - - - -RWD Weekly Dividend - - 12.1215 - - - - - -RMD Monthly Dividend 27.0786 12.3445 12.3328 - - - - - -RQD Quarterly Dividend 26.6700 12.4908 - - - - - - -IDD Institutional Daily Dividend - - - - - - - - -IWD Institutional Weekly Dividend - - - - - - - - -IMD Institutional Monthly DividendIQD Institutional Quarterly DividendIG Institutional Growth - - - - - - - - -DBO Direct Bonus Plan - - - - - - - - -DDD Direct Daily Dividend Plan - - - - - - - - -DGR Direct Growth Plan 19.0308 16.1445 14.8887 22.6513 19.2675 18.3863 22.4544 19.3176 18.3665DWD Direct Weekly Dividend - - - - - - - - -DMD Direct Monthly Dividend 13.4939 12.3076 12.3229 - - - - - -DQD Direct Quarterly Dividend 13.3579 - - - - - - - -DDV Direct Dividend Plan - - - 19.6095 19.1817 18.3100 - - 17.9893LowestRD Dividend Plan - - - 32.7788 16.4990 16.5736 37.8440 17.7027 16.7946RG Growth Plan 15.9357 14.3104 13.5938 18.8872 17.6652 16.5863 18.9220 17.7027 16.7946RB Regular Bonus Plan - - - - - - - - -RDD Daily Dividend Plan - - - - - - - - -RWD Weekly Dividend - - 11.7793 - - - - - -RMD Monthly DividendRQD Quarterly DividendIDD Institutional Daily Dividend - - 11.9291 - - - - - -IWD Institutional Weekly Dividend - - - - - - - - -IMD Institutional Monthly Dividend - - - - - - - - -IQD Institutional Quarterly Dividend - - - - - - - - -IG Institutional Growth - - - - - - - - -DBO Direct Bonus Plan - - - - - - - - -DDD Direct Daily Dividend Plan - - - - - - - - -DGR Direct Growth Plan 16.0726 14.3599 14.7065 19.0834 17.7610 18.0096 19.1497 17.8025 17.9893DWD Direct Weekly Dividend - - - - - - - - -DMD Direct Monthly Dividend 12.2259 11.3685 12.0158 - - - - - -DQD Direct Quarterly Dividend 12.4806 - - - - - - - -DDV Direct Dividend Plan - - - 16.5209 16.6235 17.9958 - - 17.9893

(h) Price earnings ratio N.A N.A N.A N.A N.A N.A N.A N.A N.A(i) Ratio of expenses to average daily net assets 2.68% 2.97% 2.42% 2.07% 1.93% 0.93% 2.23% 2.18% 0.66%

by percentage (annualised,excludingunrealised appreciation/depreciation oninvestments)

(j) Ratio of gross income/loss to average daily 17.57% 11.15% 10.16% 17.31% 6.77% 8.06% 16.41% 5.36% 9.08%net assets by percentage (annualised,including unrealised appreciation /depreciation on investments and net profitor loss on sale of investments.)


88

Annexure III

Perspective Historical Per Unit Statistics for the year/period ended March 31, 2015BARODA PIONEER BARODA PIONEER BARODA PIONEER PUBLIC SECTOR

LIQUID FUND TREASURY ADVANTAGE FUND UNDERTAKING (PSU) BOND FUND


(a) Net asset value per unit at the end of theperiod / maturity / final redemption date

RD Dividend Plan 2,054.2760 1,903.5674 1,743.3357 - - - - -

RG Growth Plan 2,397.7341 2,221.8260 2,034.8258 1,574.6444 1,452.2560 1,328.5940 14.9102 13.6043 12.6803

RB Regular Bonus Plan 1,601.6537 - - 1,593.0423 - - -

RDD Daily Dividend Plan 1,006.0600 1,006.7897 1,006.7951 1,002.5011 1,002.6970 1,001.7494 - -

RWD Weekly Dividend - - - 1,002.6812 1,009.8105 1,002.2422 - -

RMD Monthly Dividend - - - 1,005.0807 1,005.1820 1,002.7600 10.1132 - 10.2789

RQD Quarterly Dividend - - - 1,069.1948 1,015.4559 1,003.0413 10.2016 - 10.0697

IDD Institutional Daily Dividend 1,001.1191 1,001.8617 1,001.3612 1,025.4147 1,025.7913 1,001.6334 - -

IWD Institutional Weekly Dividend 1,000.7043 1,002.6532 1,001.7402 1,023.9950 1,029.3780 1,002.4575 - -

IG Institutional Growth 1,602.3750 1,470.6246 1,344.3302 1,593.5204 1,458.7293 1,332.4756 - -

IMD Institutional Monthly Dividend - 1,002.7632 1,002 1,004.1434 1,004.0562 1,002.65 - -

IQD Institutional Quarterly Dividend - - - 1,005.7468 1,008.8803 1,003.03 - -

DBO Direct Bonus Plan 1,605.5385 - - 1,602.4992 - - -

DDD Direct Daily Dividend Plan 1,001.1191 1,001.8699 1,001 1,007.2220 1,007.8740 1,002.81 - -

DGR Direct Growth Plan 1,605.2630 1,471.7663 1,345 1,602.6559 1,461.9015 1,332.79 15.0003 13.6300 12.69

DQD Direct Quarterly Plan - - - 1,010.7848 1,016.2398 - -

DWD Direct Weekly Dividend 1,165.9542 1,068.9955 1,002 1,002.7111 1,003.9403 1,002.78 - -

DMD Direct Monthly Dividend - - - 1,004.2299 1,004.1194 1,003.81 10.1056 10.0536 10.29

DDV Direct Dividend Plan - - - - - -

(b) Gross Income

(i) income other than profit on sale of investment 373.04 240.78 230.76 182.30 111.84 130.42 1.71 0.80 0.70

(ii) income from profit on inter schemesales/transfer of investment 0.01 (0.40) 0.20 0.71 (3.71) 0.24 0.09 (0.00) (0.03)

(iii) income (net) from profit on sale ofinvestments to third party 1.33 (0.04) 3.22 3.81 (6.33) 2.98 0.16 (0.05) 0.07

(iv) transfer of revenue account from pastyear’s reserve - - - - - - - - -

(c) Aggregate of expenses, writeoff,amortisation and charges (excluding 13.02 8.83 6.49 10.83 5.60 6.04 0.18 0.08 0.06

(d) Net Income (excluding change in unrealisedappreciation/ depreciation on investments) - - - - - - - - -

(e) Unrealised appreciation / (depreciation) invalue of investments (1.38) 0.91 0.54 0.89 1.65 0.60 0.02 0.00 0.08

(f) Redemption price

Highest

RD Dividend Plan 4,108.5520 1,903.5674 1,673.0830 - - - - - -

RG Growth Plan 2,397.7341 2,221.8260 1,952.8241 1,573.0698 1,450.8037 1,271.7483 14.8356 13.5363 12.0856

RB Regular Bonus Plan

RDD Daily Dividend Plan 1,006.0600 1,006.7897 1,006.0600 1,001.4986 1,001.6943 1,000.0312 - - -

RWD Weekly Dividend - - 1,002.0899 1,009.0092 1,008.8298 1,002.5804 - - -

RMD Monthly Dividend - - - 1,010.2990 1,014.8650 1,011.2205 20.7970 - 10.2290

RQD Quarterly Dividend - - - 1,068.1256 1,023.1117 1,012.5835 20.7136 - 10.3008

IDD Institutional Daily Dividend 1,001.1191 1,001.8617 1,000.6300 1,024.3893 1,024.7655 999.9091 - - -

IWD Institutional Weekly Dividend 1,002.9406 1,002.6532 1,002.0937 1,028.5608 1,028.3486 1,004.1009 - - -

IMD Institutional Monthly Dividend 1,009.0346 1,009.5432 1,007.9948 1,009.1671 1,014.0332 1,007.4896 - - -

IQD Institutional Quarterly Dividend - - - 1,029.3946 1,023.6229 - - - -

IG Institutional Growth 1,602.3750 1,470.6246 1,288.6389 1,591.9269 1,457.2706 1,273.4474 - - -

DBO Direct Bonus Plan

DDD Direct Daily Dividend Plan 1,001.1191 1,001.8699 1,000.6300 1,006.2148 1,006.8661 1,001.1749 - - -

DGR Direct Growth Plan 1,605.2630 1,471.7663 1,343.5224 1,601.0532 1,460.4396 1,330.6227 14.9253 13.5619 12.6154

DWD Direct Weekly Dividend 1,165.9542 1,068.9955 1,002.0935 1,003.1598 1,004.1964 1,002.6043 - - -

DMD Direct Monthly Dividend - - 1,001.7818 1,009.4383 1,014.1822 1,014.2777 10.1841 10.3987 10.2746

DQD Direct Quarterly Dividend

DDV Direct Dividend Plan - - - - - - - - -

Lowest

RD Dividend Plan 3,808.2052 1,743.7624 1,596.9458 - - - - - -

RG Growth Plan 2,222.4509 2,035.3238 1,863.9546 1,451.1032 1,328.9067 1,212.5768 13.5338 12.5873 11.4238


89

Perspective Historical Per Unit Statistics for the year/period ended March 31, 2015BARODA PIONEER BARODA PIONEER BARODA PIONEER PUBLIC SECTOR

LIQUID FUND TREASURY ADVANTAGE FUND UNDERTAKING (PSU) BOND FUND


RB Regular Bonus Plan 1,598.3144 - 1,006.0600 1,548.0327 - 999.9491 - - -RDD Daily Dividend Plan 1,006.0600 1,003.9333 1,000.0000 1,000.8355 992.4527 999.2230 - - -RWD Weekly Dividend - - - 999.4960 991.5566 999.9123 - - 10.0823RMD Monthly Dividend - - - 1,000.7210 996.5174 999.0000 20.0686 - 10.0043RQD Quarterly DividendIDD Institutional Daily DividendIWD Institutional Weekly Dividend 1,000.2972 998.0324 1,000.6300 1,020.6883 991.8979 999.9091 - - -IMD Institutional Monthly Dividend 1,000.6217 1,000.4953 1,000.2690 999.6713 996.6218 999.0000 - - -IQD Institutional Quarterly Dividend - - 1,000.0000 1,002.7431 996.2608 999.0000 - - -IG Institutional Growth 1,471.0462 1,344.6592 - 1,457.5714 1,332.7891 - - - -DBO Direct Bonus Plan 1,492.3759 - 1,229.7973 1,595.0585 - 1,214.0371 - - -DDD Direct Daily Dividend Plan 1,001.1191 998.5216 1,000.6300 1,006.0140 993.1748 1,000.0129 - - -DGR Direct Growth Plan 1,472.1923 1,344.8405 1,316.1776 1,460.7651 1,333.1110 1,302.4670 13.5599 12.6033 12.3637DWD Direct Weekly Dividend 1,069.3049 998.1300 1,000.3480 999.2303 991.6625 999.1977 - - -DMD Direct Monthly Dividend - - 1,001.7818 999.6938 996.7400 1,000.6716 9.9841 9.6967 10.1717DQD Direct Quarterly Dividend - - - - 1,007.6756 - 10.0940 - -DDV Direct Dividend Plan - - - - - - - - -

(g) Purchase priceHighestRD Dividend Plan 4,108.5520 1,903.5674 1,673.0830 - - - - - -RG Growth Plan 2,397.7341 2,221.8260 1,952.8241 1,574.6444 1,452.2560 1,273.0213 14.9102 13.6043 12.1463RB Regular Bonus Plan 1,601.6537 - 1,006.0600 1,593.0423 - 1,001.0322 - - -RDD Daily Dividend Plan 1,006.0600 1,006.7897 1,002.0899 1,002.5011 1,002.6970 1,003.5840 - - -RWD Weekly Dividend - - - 1,010.0192 1,009.8396 1,012.2327 - - 10.2804RMD Monthly Dividend - - - 1,011.3103 1,015.8809 1,013.5971 20.9016 - 10.3526RQD Quarterly Dividend - - 1,000.6300 1,069.1948 1,024.1358 1,000.9100 20.8176 - -IDD Institutional Daily Dividend 1,001.1191 1,001.8617 1,002.0937 1,025.4147 1,025.7913 1,005.1060 - - -IWD Institutional Weekly Dividend 1,002.9406 1,002.6532 1,007.9948 1,029.5904 1,029.3780 1,008.4981 - - -IMD Institutional Monthly DividendIQD Institutional Quarterly DividendIG Institutional Growth 1,602.3750 1,470.6246 - 1,593.5204 1,458.7293 - - - -DBO Direct Bonus Plan 1,605.5385 - 1,288.6389 1,602.4992 - 1,274.7221 - - -DDD Direct Daily Dividend Plan 1,001.1191 1,001.8699 1,000.6300 1,007.2220 1,007.8740 1,002.1771 - - -DGR Direct Growth Plan 1,605.2630 1,471.7663 1,343.5224 1,602.6559 1,461.9015 1,331.9547 15.0003 13.6300 12.6788DWD Direct Weekly Dividend 1,165.9542 1,068.9955 1,002.0935 1,004.1640 1,005.2016 1,003.6079 - - -DMD Direct Monthly Dividend - - 1,001.7818 1,010.4487 1,015.1974 1,015.2930 10.2353 10.4510 10.3262DQD Direct Quarterly Dividend - - - 1,039.1976 - - 10.3978 - -DDV Direct Dividend Plan - - - - - - - - -LowestRD Dividend Plan 3,808.2052 1,743.7624 1,596.9458 - - - - - -RG Growth Plan 2,222.4509 2,035.3238 1,863.9546 1,452.5558 1,330.2369 1,213.7906 13.6018 12.6506 11.4812RB Regular Bonus Plan 1,598.3144 - 1,006.0600 1,548.0327 - 1,000.9500 - - -RDD Daily Dividend Plan 1,006.0600 1,003.9333 1,000.0000 1,001.8373 993.4461 1,000.2232 - - -RWD Weekly Dividend - - - 1,000.4965 992.5491 1,000.9132 - - 10.1330RMD Monthly DividendRQD Quarterly DividendIDD Institutional Daily Dividend 1,001.1191 998.5203 - 1,024.9399 993.8347 1,000.0000 - - 10.0546IWD Institutional Weekly Dividend 1,000.2972 998.0324 1,000.6300 1,021.7100 992.8908 1,000.9100 - - -IMD Institutional Monthly Dividend 1,000.6217 1,000.4953 1,000.2690 1,000.6720 997.6194 1,000.0000 - - -IQD Institutional Quarterly Dividend - - 1,000.0000 1,003.7468 997.2581 1,000.0000 - - -IG Institutional Growth 1,471.0462 1,344.6592 - 1,459.0304 1,334.1232 - - - -DBO Direct Bonus Plan 1,492.3759 - 1,229.7973 1,595.0585 - 1,215.2524 - - -DDD Direct Daily Dividend Plan 1,001.1191 998.5216 1,000.6300 1,007.0210 994.1690 1,001.0139 - - -DGR Direct Growth Plan 1,472.1923 1,344.8405 1,316.1776 1,462.2273 1,334.4454 1,303.7708 13.6280 12.6666 12.4258DWD Direct Weekly Dividend 1,069.3049 998.1300 1,000.3480 1,000.2305 992.6552 1,000.1979 - - -DMD Direct Monthly Dividend - - 1,001.7818 1,000.6945 997.7377 1,001.6733 10.0343 9.7454 10.2228DQD Direct Quarterly Dividend - - - 1,008.6843 - - 10.1447 - -DDV Direct Dividend Plan - - - - - - - - -

(h) Price earnings ratio N.A N.A N.A N.A N.A N.A N.A N.A N.A(i) Ratio of expenses to average daily net assets 0.28% 0.34% 0.24% 0.49% 0.45% 0.41% 0.82% 0.82% 0.77%

by percentage (annualised,excludingunrealised appreciation/depreciation oninvestments)

(j) Ratio of gross income/loss to average daily 8.94% 9.18% 9.22% 9.48% 8.26% 9.41% 9.99% 8.10% 10.32%net assets by percentage (annualised,including unrealised appreciation /depreciation on investments and net profitor loss on sale of investments.)


90

Annexure III

Perspective Historical Per Unit Statistics for the year/period ended March 31, 2015BARODA PIONEER BARODA PIONEER BARODA PIONEER BARODA PIONEER

SHORT TERM BOND FUND DYNAMIC BOND FUND CREDIT OPPORTUNITIES HYBRID FUNDFUND - SERIES I

Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-15 31-Mar-13

a) Net asset value per unit at the end of theperiod / maturity / final redemption date

RD Dividend Plan 10.0733 10.0782 10.2086 11.7871 10.1361 10.0676 - 10.0260

RG Growth Plan 14.5018 13.2077 12.2408 13.0588 11.2295 10.7431 10.2385 10.0260

RB Regular Bonus Plan - - - - - - 10.2385 -

RDD Daily Dividend Plan - - - - - - - -

RWD Weekly Dividend - - - - - - - -

RMD Monthly Dividend - - - - - - 10.2385 -

RQD Quarterly Dividend - - - - - - 10.2385 -

IDD Institutional Daily Dividend - - - - - - - -

IWD Institutional Weekly Dividend - - - - - - -IG Institutional Growth - - - - - - - -

IMD Institutional Monthly Dividend - - - - - - - -

IQD Institutional Quarterly Dividend - - - - - - - -

DBO Direct Bonus Plan - - - - - - 10.2594 -

DDD Direct Daily Dividend Plan - - - - - - - -

DGR Direct Growth Plan 14.6630 13.2754 12.24 13.3788 11.3903 10.7563 10.2594 10.0288

DQD Direct Quarterly Plan - - - - - - 10.2594 -

DWD Direct Weekly Dividend - - - - - - - -

DMD Direct Monthly Dividend - - - - - - 10.2594 -

DDV Direct Dividend Plan 10.0511 10.0804 10.05 12.1151 10.2901 10.0646 - 10.0288

(b) Gross Income

(i) income other than profit on sale of investment 0.98 3.64 0.24 0.94 2.57 0.83 0.21 0.03

(ii) income from profit on inter schemesales/transfer of investment 0.09 (0.81) 0.00 0.02 (0.14) 0.00 (0.00) -

(iii) income (net) from profit on sale ofinvestments to third party 0.03 0.07 0.01 0.39 (0.85) 0.05 0.00 -

(iv) transfer of revenue account from pastyear’s reserve - - - - - - - -

(c) Aggregate of expenses, writeoff, amortisationand charges (excluding 0.10 0.20 0.01 0.09 0.35 0.06 0.01 -

(d) Net Income (excluding change in unrealisedappreciation/ depreciation on investments) - - - - - - 0.01 -

(e) Unrealised appreciation / (depreciation) invalue of investments (0.01) (0.02) 0.02 0.38 (0.14) 0.05 0.01 -

(f) Redemption priceHighestRD Dividend Plan 10.0548 10.2074 10.2075 11.7282 10.4277 10.1965 - 10.0260RG Growth Plan 14.4293 13.1417 11.7045 12.9935 11.1734 10.2077 10.1361 10.0260RB Regular Bonus Plan - - - - - - 10.1361 -RDD Daily Dividend Plan - - - - - - - -RWD Weekly Dividend - - - - - - - -RMD Monthly Dividend - - - - - - 10.1361 -RQD Quarterly Dividend - - - - - - 10.1361 -IDD Institutional Daily Dividend - - - - - - - -IWD Institutional Weekly Dividend - - - - - - - -IMD Institutional Monthly Dividend - - - - - - - -IQD Institutional Quarterly Dividend - - - - - - - -IG Institutional Growth - - - - - - - -DBO Direct Bonus Plan - -DDD Direct Daily Dividend Plan - - - - - - - -DGR Direct Growth Plan 14.5897 13.2090 12.2243 13.3119 11.3333 10.6962 10.1568 10.0288DWD Direct Weekly Dividend - - - - - - - -DMD Direct Monthly Dividend - - - - - - 10.1568 -DQD Direct Quarterly DividendDDV Direct Dividend Plan 10.0574 10.0884 10.2049 12.0545 10.4375 10.4237 - 10.0288LowestRD Dividend Plan 9.9826 9.8673 10.1500 9.9907 9.3849 9.9500 - 10.0000RG Growth Plan 13.1407 12.1987 11.1765 11.0686 10.3976 9.9500 9.9000 10.0000RB Regular Bonus Plan - - - - - - 9.9000 -RDD Daily Dividend Plan - - - - - - - -RWD Weekly Dividend - - - - - - - -RMD Monthly Dividend - - - - - - 9.9000 -

RQD Quarterly Dividend


91

Perspective Historical Per Unit Statistics for the year/period ended March 31, 2015 (Contd.,)BARODA PIONEER BARODA PIONEER BARODA PIONEER BARODA PIONEER

SHORT TERM BOND FUND DYNAMIC BOND FUND CREDIT OPPORTUNITIES HYBRID FUNDFUND - SERIES I

Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-15 31-Mar-13

IDD Institutional Daily Dividend

IWD Institutional Weekly Dividend - - - - - - - -



IG Institutional Growth - - - - - - - -






DQD Direct Quarterly Dividend - - - - - - 9.9000 -


(g) Purchase price

Highest

RD Dividend Plan 10.1053 10.2587 10.2177 11.7871 10.4801 10.2477 - 10.0260

RG Growth Plan 14.5018 13.2077 11.7162 13.0588 11.2295 10.2590 10.2385 10.0260




RMD Monthly Dividend - - - - - - 10.2385 -

RQD Quarterly Dividend - - - - - - 10.2385 -



IMD Institutional Monthly Dividend

IQD Institutional Quarterly Dividend









Lowest

RD Dividend Plan 10.0328 9.9169 10.1602 10.0409 9.4321 10.0000 - 10.0000

RG Growth Plan 13.2067 12.2600 11.1877 11.1242 10.4498 10.0000 10.0000 10.0000




RMD Monthly Dividend

RQD Quarterly Dividend













(h) Price earnings ratio N.A N.A N.A N.A N.A N.A N.A N.A

(i) Ratio of expenses to average daily net assets 0.87% 0.53% 0.47% 0.72% 1.16% 0.59% 1.19% 2.27%by percentage (annualised,excludingunrealised appreciation/depreciation oninvestments)

(j) Ratio of gross income/loss to average daily 10.40% 7.58% 9.80% 15.98% 6.43% 10.05% 14.03% 16.05%net assets by percentage (annualised,including unrealised appreciation /depreciation on investments and net profitor loss on sale of investments.)


92

Disclosure under Regulation 25(11) of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as amended Investments made by the schemes of Baroda Poineer Mutual Fundin Companies or their subsidiaries that have invested more than 5% of the net assets of any scheme

Company Name Schemes invested in Investment made by schemes of Aggregate cost of acquisition Outstanding as atby the Company Baroda Poineer Mutual Fund in the during the period ended 31st March, 2015

company/subsidiary 31st March, 2015 (At Market / Fair Value)(Rupees in Lakhs) (Rupees in Lakhs)

Bank Of Baroda Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 101.32 87.11Baroda Pioneer Equity Baroda Pioneer Banking and Fin Serv Fund 188.54 65.40Trigger Fund -SR I Baroda Pioneer ELSS96 Fund 84.68 75.21

Baroda Pioneer Growth Fund 129.37 -Baroda Pioneer MIP Fund 9.01 6.54Baroda Pioneer PSU Equity Fund 226.30 116.09

Cairn India Limited Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 109.29 -Baroda Pioneer ELSS96 Fund 24.54 -Baroda Pioneer Growth Fund 132.55 -Baroda Pioneer Infrastructure Fund 57.02 -Baroda Pioneer MIP Fund 6.54 -

Dewan Housing Finance Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Liquid Fund 21,219.22 -Corporation Limited Baroda Pioneer Treasury Advantage Fund 12,090.98 -

Indiabulls Housing Finance Ltd. Baroda Pioneer Liquid Fund Baroda Pioneer FMP - Series J 990.00 989.45Baroda Pioneer Liquid Fund 495,815.57 -Baroda Pioneer Short Term Bond Fund 10.00 9.99Baroda Pioneer Treasury Advantage Fund 4,906.78 -

Infosys Limited Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 1,201.49 133.10Baroda Pioneer ELSS96 Fund 305.01 99.83Baroda Pioneer Growth Fund 826.14 776.42Baroda Pioneer MIP Fund 58.36 -

LIC Housing Finance Limited Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 35.70 -Baroda Pioneer Banking and Fin Serv Fund 144.99 -Baroda Pioneer ELSS96 Fund 97.39 43.76Baroda Pioneer Growth Fund 1,132.07 437.60Baroda Pioneer Infrastructure Fund 31.53 -Baroda Pioneer MIP Fund 13.83 -

Punjab National Bank Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 154.24 -Baroda Pioneer Banking and Fin Serv Fund 456.06 -Baroda Pioneer Dynamic Bond Fund 2,749.57 -Baroda Pioneer ELSS96 Fund 88.16 -Baroda Pioneer Fixed Maturity Plan-Sr M 4,566.11 -Baroda Pioneer Fixed Maturity Plan-Sr N 2,292.26 -Baroda Pioneer FMP - Series B 2,395.90 -Baroda Pioneer FMP - Series C 2,595.56 -Baroda Pioneer Growth Fund 886.68 -Baroda Pioneer Liquid Fund 53,059.41 -Baroda Pioneer MIP Fund 213.76 -Baroda Pioneer PSU Bond Fund 2,286.43 -Baroda Pioneer PSU Equity Fund 670.09 50.54Baroda Pioneer Short Term Bond Fund 552.15 -Baroda Pioneer Treasury Advantage Fund 28,308.87 -

Reliance Utilities And Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Dynamic Bond Fund 1,058.81 -Power Private Limited Baroda Pioneer Liquid Fund Baroda Pioneer Short Term Bond Fund 602.63 -Shriram Transport Finance Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 158.89 -Company Limited Baroda Pioneer Banking and Fin Serv Fund 225.19 -

Baroda Pioneer ELSS96 Fund 99.30 -Baroda Pioneer Growth Fund 532.48 -Baroda Pioneer Infrastructure Fund 95.04 -Baroda Pioneer MIP Fund 10.23 -Baroda Pioneer Treasury Advantage Fund 340.19 -

State Bank of India Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 833.50 200.29(Including Subsidiary State Baroda Pioneer Banking and Fin Serv Fund 631.51 574.16Bank Of Bikaner & Jaipur, Baroda Pioneer Dynamic Bond Fund 940.51 -State Bank Of Patiala,State Baroda Pioneer ELSS96 Fund 100.16 80.12Bank Of Travancore, State Bank Baroda Pioneer Growth Fund 705.69 333.81Of Mysore, State Bank Baroda Pioneer Liquid Fund 124,381.19 -Of Hyderabad) Baroda Pioneer MIP Fund 331.77 -

Baroda Pioneer PSU Bond Fund 2,998.02 -Baroda Pioneer PSU Equity Fund 725.62 467.34Baroda Pioneer Treasury Advantage Fund 26,936.05 -

Tata Steel Limited Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 205.19 -Baroda Pioneer ELSS96 Fund 52.72 -Baroda Pioneer Growth Fund 478.09 -Baroda Pioneer Infrastructure Fund 119.33 -Baroda Pioneer MIP Fund 4.98 -

The Great Eastern Shipping Baroda Pioneer PSU Bond Fund Baroda Pioneer Balance Fund 104.87 -Company Limited Baroda Pioneer ELSS96 Fund 42.75 -

Baroda Pioneer Equity Trigger Fund -SR I 71.85 -Baroda Pioneer Infrastructure Fund 206.83 -Baroda Pioneer MIP Fund 9.29 -

ANNEXURE I


93

Annexure IV

Portfolio holding (market / fair value)as at 31 March 2015


Amount (Rs) % Amount (Rs) % Amount (Rs) % Amount (Rs) %

Equity Shares

Auto:

Ashok Leyland Limited - - - - - - - -

Eicher Motors Limited 1,193,111 3.12 - - - - - -

Hero MotoCorp Limited 1,319,900 3.45 - - - - - -

Maruti Suzuki India Limited 1,109,205 2.90 - - - - - -

Tata Motors Limited 825,300 2.16 - - - - - -

Auto Ancillaries:

Bajaj Auto Limited - - - - - - - -

Mahindra & Mahindra Limited - - - - - - - -

Amara Raja Batteries Limited 833,050 2.18 - - - - - -

Bosch Limited - - - - - - - -

Motherson Sumi Systems Limited - - - - - - - -

Sundram Fasteners Limited 872,500 2.28 - - - - - -

WABCO India Limited 1,142,170 2.99 - - - - - -

Banks:

Axis Bank Limited 1,680,600 4.40 - - - - - -

Bank of Baroda 654,000 1.71 - - - - - -

City Union Bank Limited 969,000 2.53 - - - - - -

DCB Bank Limited - - - - - - - -

HDFC Bank Limited 1,022,700 2.67 - - - - - -

ICICI Bank Limited - - - - - - - -

IndusInd Bank Limited 886,000 2.32 - - - - - -

Karur Vysya Bank Limited - - - - - - - -

Kotak Mahindra Bank Limited - - - - - - - -

Oriental Bank of Commerce 818,400 2.14 - - - - - -

Punjab National Bank - - - - - - - -

State Bank of India - - - - - - - -

The Federal Bank Limited - - - - - - - -

The Jammu & Kashmir Bank Limited - - - - - - - -

The Karnataka Bank Limited - - - - - - - -

The South Indian Bank Limited - - - - - - - -

Union Bank of India - - - - - - - -

Yes Bank Limited 1,223,625 3.20 - - - - - -

Cement:

JK Cement Limited 666,100 1.74 - - - - - -

Jk Lakshmi Cement Limited - - - - - - - -

The Ramco Cements Limited - - - - - - - -

UltraTech Cement Limited - - - - - - - -

Chemicals :

Gowri Polymers Limited * - - - - - - - -

Pidilite Industries Limited 899,775 2.35 - - - - - -

Solar Industries India Limited - - - - - - - -

Tata Chemicals Limited 1,108,875 2.90 - - - - - -

Construction:

IRB Infrastructure Developers Limited 488,400 1.28 - - - - - -

Oberoi Realty Limited 853,050 2.23 - - - - - -

Simplex Infrastructures Limited - - - - - - - -

Construction Project:

Engineers India Limited - - - - - - - -

Larsen & Toubro Limited - - - - - - - -

NCC Limited - - - - - - - -

Consumer Durables:

Blue Star Limited - - - - - - - -

Havells India Limited - - - - - - - -

Whirlpool of India Limited 735,450 1.92 - - - - - -

Consumer Non Durables:


94

Annexure IV (Contd.,)




Akzo Nobel India Limited - - - - - - - -

Bajaj Corp Limited - - - - - - - -

Berger Paints (I) Limited - - - - - - - -

Britannia Industries Limited - - - - - - - -

Dabur India Limited 796,650 2.08 - - - - - -

GlaxoSmithKline Consumer Healthcare Limited - - - - - - - -

ITC Limited 1,629,250 4.26 - - - - - -

Jyothy Laboratories Limited - - - - - - - -

Marico Limited 385,750 1.01 - - - - - -

Diversified:

Amex Carb&Chem Limited * - - - - - - - -

Diversified Consumer Services :

MT Educare Limited - - - - - - - -

Engineering Services :

Dredging Corporation of India Limited - - - - - - - -

VA Tech Wabag Limited - - - - - - - -

Fertilisers:

Gujarat State Fertilizers & Chemicals Limited 624,375 1.63 - - - - - -

Finance:

Bajaj Finance Limited 821,690 2.15 - - - - - -

Housing Development Finance Corporation Limited - - - - - - - -

IDFC Limited 834,750 2.18 - - - - - -

LIC Housing Finance Limited - - - - - - - -

Max India Limited 431,250 1.13 - - - - - -

Multi Commodity Exchange of India Limited 1,122,450 2.94 - - - - - -

Rural Electrification Corporation Limited - - - - - - - -

SKS Microfinance Limited - - - - - - - -

Sundaram Finance Limited - - - - - - - -

Gas :

Gujarat Gas Company Limited - - - - - - - -

Gujarat State Petronet Limited - - - - - - - -

Indraprastha Gas Limited - - - - - - - -

Healthcare Services:

Soni Medicare Limited * - - - - - - - -

Western Paques (India) Limited * - - - - - - - -

Industrial Capital Goods:

Alstom India Limited 729,500 1.91 - - - - - -

Alstom T&D India Limited - - - - - - - -

BEML Limited - - - - - - - -

Bharat Electronics Limited 1,340,200 3.51 - - - - - -

Bharat Heavy Electricals Limited - - - - - - - -

Honeywell Automation India Limited - - - - - - - -

TD Power Systems Limited 898,000 2.35 - - - - - -

V-Guard Industries Limited - - - - - - - -

Industrial Products:

Astral Poly Technik Limited - - - - - - - -

Carborundum Universal Limited - - - - - - - -

Cummins India Limited 880,650 2.30 - - - - - -

Essel Propack Limited - - - - - - - -

FAG Bearings India Limited - - - - - - - -

Greaves Cotton Limited - - - - - - - -

Ingersoll Rand (India) Limited - - - - - - - -

Sintex Industries Limited 603,500 1.58 - - - - - -

Media & Entertainment:

D.B.Corp Limited 915,625 2.39 - - - - - -

Jagran Prakashan Limited - - - - - - - -

Shemaroo Entertainment Limited - - - - - - - -

Zee Entertainment Enterprises Limited - Preference shares - - - - - - - -


95





Minerals/Mining:

Coal India Limited - - - - - - - -

Gujarat Mineral Development Corporation Limited - - - - - - - -

MOIL Limited - - - - - - - -

NMDC Limited - - - - - - - -

Non - Ferrous Metals :

National Aluminium Company Limited - - - - - - - -

Oil:

Oil & Natural Gas Corporation Limited - - - - - - - -

Oil India Limited - - - - - - - -

Pesticides:

Bayer Cropscience Limited 830,775 2.17 - - - - - -

Rallis India Limited - - - - - - - -

Petroleum Products:

Bharat Petroleum Corporation Limited - - - - - - - -

Castrol India Limited - - - - - - - -

Hindustan Petroleum Corporation Limited - - - - - - - -

Indian Oil Corporation Limited - - - - - - - -

Mangalore Refinery and Petrochemicals Limited - - - - - - - -

Reliance Industries Limited - - - - - - - -

Pharmaceuticals:

Alembic Pharmaceuticals Limited - - - - - - - -

Cadila Healthcare Limited 522,540 1.37 - - - - - -

Divi’s Laboratories Limited - - - - - - - -

Dr. Reddy’s Laboratories Limited 1,395,500 3.65 - - - - - -

Lupin Limited 1,004,200 2.63 - - - - - -

Sanofi India Limited - - - - - - - -

Sun Pharmaceuticals Industries Limited - - - - - - - -

Torrent Pharmaceuticals Limited - - - - - - - -

Power:

NTPC Limited - - - - - - - -

Power Grid Corporation of India Limited - - - - - - - -

PTC India Limited - - - - - - - -

Tata Power Company Limited - - - - - - - -

Torrent Power Limited - - - - - - - -

Retailing:

Accord Cotsyn Limited * - - - - - - - -

Kanal Fibres Limited * - - - - - - - -

Royal Indutries Limited * - - - - - - - -

Software :

CMC Limited - - - - - - - -

Cyient Limited - - - - - - - -

DSQ Software Limited * - - - - - - - -

HCL Technologies Limited - - - - - - - -

Infosys Limited - - - - - - - -

KPIT Technologies Limited - - - - - - - -

Persistent Systems Limited - - - - - - - -

Tata Consultancy Services Limited - - - - - - - -

Tech Mahindra Limited 755,640 1.98 - - - - - -

Transtream India.Com Limited * - - - - - - - -

Wipro Limited 628,850 1.64 - - - - - -

Telecom - Equipment & Accessories:

Astra Microwave Products Limited 737,500 1.93 - - - - - -

Telecom - Services :

Bharti Airtel Limited - - - - - - - -

Idea Cellular Limited - - - - - - - -


96





Textile Products :

Arvind Limited 1,046,800 2.74 - - - - - -

Textiles - Synthetic

SIV Industries Limited * - - - - - - - -

Transportation :

Adani Ports and Special Economic Zone Limited - - - - - - - -

Container Corporation of India Limited - - - - - - - -

Gateway Distriparks Limited - - - - - - - -

Shipping Corporation Of India Limited - - - -

Total 38,236,656 100.00 - - - - - -

Debentures/bonds

9.665% JSW Steel Limited 23-Dec-18 NCD - - - - - - - -

9.05% Rural Electrification Corporation Limited 17-Oct-16 NCD - - - - - - - -

8.43% IDFC Limited 02-Feb-18 NCD - - - - - - - -

9.64% Power Finance Corporation Limited 15-Dec-16 NCD - - - - - - - -

9.35% Nabha Power Limited 16-Aug-16 NCD 22,231,418 24.93 - - - - - -

9.3335% Nabha Power Limited 05-Dec-16 NCD - - - - - - - -

11.52% India Infoline Housing Finance Limited 26-Dec-18 NCD 18,687,636 20.96 - - - - - -

8.90% UltraTech Cement Limited 08-Aug-16 NCD - - - - - - - -

8.90% Power Grid Corporation of India Limited 25-Feb-18 NCD - - - - - - - -

8.70% Power Grid Corporation of India Limited 15-Jul-18 NCD 5,059,725 5.67 - - - - - -

10.40% JSW Steel Limited 19-Aug-17 NCD 20,342,100 22.81 - - - - - -

9.06% Rural Electrification Corporation Limited 23-Sep-17 NCD 10,164,120 11.40 - - - - - -

10.75% IDBI Bank Limited 17-Oct-49 NCD - - - - 30,911,700 35.68 - -

12.00% India Infoline Housing Finance Limited 02-Apr-20 NCD - - - - 23,640,795 27.29 - -

10.40% Vijaya Bank 29-Mar-49 NCD - - - - 19,879,140 22.94 - -

11.25% India Infoline Finance Limited 05-Sep-20 NCD - - - - 10,095,660 11.65 - -

9.38% Rural Electrification Corporation Limited 06-Nov-18 NCD - - - - - - - -

9.52% Rural Electrification Corporation Limited 25-Mar-17 NCD - - - - - - - -

9.28% Rural Electrification Corporation Limited 15-Feb-17 NCD - - - - - - - -

8.38% Steel Authority of India Limited 16-Dec-17 NCD - - - - - - - -

9.33% Power Finance Corporation Limited 17-Feb-17 NCD - - - - - - - -

8.72% Power Finance Corporation Limited 08-Feb-17 NCD - - - - - - - -

9.35% Nabha Power Limited 18-Sep-16 NCD - - - - - - - -

11.25% Aspire Home Finance Corporation Limited 25-Nov-16 NCD - - - - - - - -

9.06% Hdb Financial Services Limited 20-Dec-16 NCD - - - - - - - -

8.70% NHPC Limited 11-Feb-17 NCD - - - - - - - -

12.00% India Infoline Finance Limited 29-Sep-16 NCD - - - - - - - -

8.95% Power Finance Corporation Limited 11-Mar-18 NCD - - - - - - - -

8.49% NTPC Limited 25-Mar-25 NCD - - - - - - - -

9.40% Indiabulls Housing Finance Limited 27-Dec-16 NCD - - - - - - - -

9.38% Rural Electrification Corporation Limited 06-Sep-16 NCD - - - - - - - -

8.35% Power Finance Corporation Limited 15-May-16 NCD - - - - - - - -

Zero Coupon Bonds

0.00% India Infoline Housing Finance Limited 03-APR 2018 - - - - - - - -

0.00% India Infoline Finance Limited 06-SEP-2016 12,685,188 14.23 - - - - - -

0.00% India Infoline Housing Finance Limited 06-Sep-2016 - - - - 2,112,154 2.44 - -

0.00% India Infoline Housing Finance Limited 15-Jun-2017 - - - - - - - -

0.00% India Infoline Housing Finance Limited 10-Apr-2017 - - - - - - - -

0.00% Cholamandalam Investment and Finance Company Limited 24-May-2016 - - - - - - - -

Total 89,170,187 100.00 - - 86,639,449 100.00 - -

Commercial Papers

Non Banking Financial Companies (NBFC)

Edelweiss Commodities Services Limited - - - - - - 492,354,500 8.12

Edelweiss Financial Services Limited - - - - - - 1,478,380,000 24.39

Indiabulls Finance Company Private Limited - - - - - - 248,465,750 4.10

Indiabulls Infrastructure Credit Limited - - - - - - 249,063,750 4.11


97





Others

Afcons Infrastructure Limited - - - - - - - -

Bilt Graphic Paper Products Limited - - - - - - 980,873,000 16.18

Housing Development Finance Corporation Limited - - - - - - - -

IIFL Realty Limited - - - - - - 738,090,000 12.18

Jindal Steel & Power Limited - - - - - - 392,052,400 6.47

Peninsula Land Limited - - - - - - - -

Reliance Home Finance Limited - - - - - - 986,564,000 16.28

S.D. Corporation Private Limited - - - - - - - -

Simplex Infrastructures Limited - - - - - - 495,896,500 8.17

Small Industries Development Bank of India - - - - - - - -

Total - - - - - - 6,061,739,900 100.00

Certificate of Deposits

Banks

Allahabad Bank - - - - - - - -

Andhra Bank - - - - - - - -

Bank of India - - - - - - 981,789,000 9.87

Bank of Maharashtra - - - - - - 499,374,500 5.02

Canara Bank - - - - - - 499,159,000 5.02

Corporation Bank - - - - - - 903,225,640 9.08

IDBI Bank Limited - - - - - - - -

Karur Vysya Bank Limited - - - - - - 247,244,250 2.49

Oriental Bank of Commerce - - - - - - 2,866,449,900 28.82

Syndicate Bank - - - - - - 1,967,676,000 19.79

Tamilnad Mercantile Bank Limited - - - - - - 981,618,000 9.87

The South Indian Bank Limited - - - - - - 998,677,000 10.04

UCO Bank - - - - - - - -

Vijaya Bank - - - - - - - -

Total - - - - - - 9,945,213,290 100.00

Treasury Bills

Treasury Bill - - - - - - - -

Total - - - - - - - -

Term Deposit

9.00% Karur Vysya Bank Limited - - - - - - 1,135,000,000 31.22

8.88% Indusind Bank Limited - - - - - - 1,500,000,000 41.27

8.75% Corporation Bank - - - - - - 1,000,000,000 27.51

8.60% The Jammu & Kashmir Bank Limited - - - -

Total - - - - - - 3,635,000,000 100.00

Government Bond:

8.24% CGL 2027 5,160,670 10.73 33,028,288 8.63 - - - -

8.28% CGL 2027 - - 24,903,504 6.51 - - - -

8.33% CGL 2026 - - 36,226,015 9.47 15,525,435 11.59 - -

8.58% SDL 2023 - - - - 7,287,703 5.44 - -

8.60% CGL 2028 32,088,330 66.70 205,365,312 53.67 89,847,324 67.06 - -

8.60% SDL 2023 - - - - - - - -

8.83% CGL 2023 - - 12,757,956 3.33 8,505,304 6.35 - -

9.35% SDL 2024 - - - - 8,148,901 6.08 - -

9.39% SDL 2023 - - 26,923,100 7.04 4,663,081 3.48 - -

9.47% SDL 2024 10,855,850 22.57 43,423,400 11.35 - - - -

9.72% SDL 2023 - - - - - - - -

Total 48,104,850 100.00 382,627,575 100.00 133,977,748 100.00 - -

CBLO 21,162,797 100.00 35,984,864 100.00 8,284,216 100.00 6,061,139,251 100.00

Total 21,162,797 100.00 35,984,864 100.00 8,284,216 100.00 6,061,139,251 100.00

TOTAL INVESTMENTS 196,674,491 - 418,612,439 - 228,901,413 13,580,813,939 -

** Traded as on 31st March 2015


98



BARODA PIONEER BARODA PIONEER BARODA PIONEERTREASURY ADVANTAGE FUND PSU BOND FUND SHORT TERM BOND FUND

Amount (Rs) % Amount (Rs) % Amount (Rs) %

Equity Shares

Auto:

Ashok Leyland Limited - - - - - -

Eicher Motors Limited - - - - - -

Hero MotoCorp Limited - - - - - -

Maruti Suzuki India Limited - - - - - -

Tata Motors Limited - - - - - -

Auto Ancillaries:

Bajaj Auto Limited - - - - - -

Mahindra & Mahindra Limited - - - - - -

Amara Raja Batteries Limited - - - - - -

Bosch Limited - - - - - -

Motherson Sumi Systems Limited - - - - - -

Sundram Fasteners Limited - - - - - -

WABCO India Limited - - - - - -

Banks:

Axis Bank Limited - - - - - -

Bank of Baroda - - - - - -

City Union Bank Limited - - - - - -

DCB Bank Limited - - - - - -

HDFC Bank Limited - - - - - -

ICICI Bank Limited - - - - - -

IndusInd Bank Limited - - - - - -

Karur Vysya Bank Limited - - - - - -

Kotak Mahindra Bank Limited - - - - - -

Oriental Bank of Commerce - - - - - -

Punjab National Bank - - - - - -

State Bank of India - - - - - -

The Federal Bank Limited - - - - - -

The Jammu & Kashmir Bank Limited - - - - - -

The Karnataka Bank Limited - - - - - -

The South Indian Bank Limited - - - - - -

Union Bank of India - - - - - -

Yes Bank Limited - - - - - -

Cement:

JK Cement Limited - - - - - -

Jk Lakshmi Cement Limited - - - - - -

The Ramco Cements Limited - - - - - -

UltraTech Cement Limited - - - - - -

Chemicals :

Gowri Polymers Limited * - - - - - -

Pidilite Industries Limited - - - - - -

Solar Industries India Limited - - - - - -

Tata Chemicals Limited - - - - - -

Construction:

IRB Infrastructure Developers Limited - - - - - -

Oberoi Realty Limited - - - - - -

Simplex Infrastructures Limited - - - - - -


Engineers India Limited - - - - - -

Larsen & Toubro Limited - - - - - -

NCC Limited - - - - - -

Consumer Durables:

Blue Star Limited - - - - - -

Havells India Limited - - - - - -

Whirlpool of India Limited - - - - - -


99






Akzo Nobel India Limited - - - - - -

Bajaj Corp Limited - - - - - -

Berger Paints (I) Limited - - - - - -

Britannia Industries Limited - - - - - -

Dabur India Limited - - - - - -

GlaxoSmithKline Consumer Healthcare Limited - - - - - -

ITC Limited - - - - - -

Jyothy Laboratories Limited - - - - - -

Marico Limited - - - - - -

Diversified:

Amex Carb&Chem Limited * - - - - - -


MT Educare Limited - - - - - -


Dredging Corporation of India Limited - - - - - -

VA Tech Wabag Limited - - - - - -

Fertilisers:

Gujarat State Fertilizers & Chemicals Limited - - - - - -

Finance:

Bajaj Finance Limited - - - - - -

Housing Development Finance Corporation Limited - - - - - -

IDFC Limited - - - - - -

LIC Housing Finance Limited - - - - - -

Max India Limited - - - - - -

Multi Commodity Exchange of India Limited - - - - - -

Rural Electrification Corporation Limited - - - - - -

SKS Microfinance Limited - - - - - -

Sundaram Finance Limited - - - - - -

Gas :

Gujarat Gas Company Limited - - - - - -

Gujarat State Petronet Limited - - - - - -

Indraprastha Gas Limited - - - - - -


Soni Medicare Limited * - - - - - -

Western Paques (India) Limited * - - - - - -


Alstom India Limited - - - - - -

Alstom T&D India Limited - - - - - -

BEML Limited - - - - - -

Bharat Electronics Limited - - - - - -

Bharat Heavy Electricals Limited - - - - - -

Honeywell Automation India Limited - - - - - -

TD Power Systems Limited - - - - - -

V-Guard Industries Limited - - - - - -


Astral Poly Technik Limited - - - - - -

Carborundum Universal Limited - - - - - -

Cummins India Limited - - - - - -

Essel Propack Limited - - - - - -

FAG Bearings India Limited - - - - - -

Greaves Cotton Limited - - - - - -

Ingersoll Rand (India) Limited - - - - - -

Sintex Industries Limited - - - - - -


D.B.Corp Limited - - - - - -

Jagran Prakashan Limited - - - - - -

Shemaroo Entertainment Limited - - - - - -

Zee Entertainment Enterprises Limited - Preference shares - - - - - -


100





Minerals/Mining:

Coal India Limited - - - - - -

Gujarat Mineral Development Corporation Limited - - - - - -

MOIL Limited - - - - - -

NMDC Limited - - - - - -


National Aluminium Company Limited - - - - - -

Oil:

Oil & Natural Gas Corporation Limited - - - - - -

Oil India Limited - - - - - -

Pesticides:

Bayer Cropscience Limited - - - - - -

Rallis India Limited - - - - - -

Petroleum Products:

Bharat Petroleum Corporation Limited - - - - - -

Castrol India Limited - - - - - -

Hindustan Petroleum Corporation Limited - - - - - -

Indian Oil Corporation Limited - - - - - -

Mangalore Refinery and Petrochemicals Limited - - - - - -

Reliance Industries Limited - - - - - -

Pharmaceuticals:

Alembic Pharmaceuticals Limited - - - - - -

Cadila Healthcare Limited - - - - - -

Divi’s Laboratories Limited - - - - - -

Dr. Reddy’s Laboratories Limited - - - - - -

Lupin Limited - - - - - -

Sanofi India Limited - - - - - -

Sun Pharmaceuticals Industries Limited - - - - - -

Torrent Pharmaceuticals Limited - - - - - -

Power:

NTPC Limited - - - - - -

Power Grid Corporation of India Limited - - - - - -

PTC India Limited - - - - - -

Tata Power Company Limited - - - - - -

Torrent Power Limited - - - - - -

Retailing:

Accord Cotsyn Limited * - - - - - -

Kanal Fibres Limited * - - - - - -

Royal Indutries Limited * - - - - - -

Software :

CMC Limited - - - - - -

Cyient Limited - - - - - -

DSQ Software Limited * - - - - - -

HCL Technologies Limited - - - - - -

Infosys Limited - - - - - -

KPIT Technologies Limited - - - - - -

Persistent Systems Limited - - - - - -

Tata Consultancy Services Limited - - - - - -

Tech Mahindra Limited - - - - - -

Transtream India.Com Limited * - - - - - -

Wipro Limited - - - - - -


Astra Microwave Products Limited - - - - - -


Bharti Airtel Limited - - - - - -

Idea Cellular Limited - - - - - -


101





Textile Products :

Arvind Limited - - - - - -


SIV Industries Limited * - - - - - -

Transportation :

Adani Ports and Special Economic Zone Limited - - - - - -

Container Corporation of India Limited - - - - - -

Gateway Distriparks Limited - - - - - -

Shipping Corporation Of India Limited - - -

Total - - - - - -

Debentures/bonds

9.665% JSW Steel Limited 23-Dec-18 NCD - - - - - -

9.05% Rural Electrification Corporation Limited 17-Oct-16 NCD - - - - - -

8.43% IDFC Limited 02-Feb-18 NCD 49,893,850 1.83 - - - -

9.64% Power Finance Corporation Limited 15-Dec-16 NCD - - - - - -

9.35% Nabha Power Limited 16-Aug-16 NCD 50,525,950 1.85 - - - -

9.3335% Nabha Power Limited 05-Dec-16 NCD - - - - - -

11.52% India Infoline Housing Finance Limited 26-Dec-18 NCD 134,966,260 4.95 - - 10,382,020 9.01

8.90% UltraTech Cement Limited 08-Aug-16 NCD - - - - - -

8.90% Power Grid Corporation of India Limited 25-Feb-18 NCD 10,193,400 0.37 35,676,900 15.05 30,580,200 26.54

8.70% Power Grid Corporation of India Limited 15-Jul-18 NCD - - 32,382,240 13.66 - -

10.40% JSW Steel Limited 19-Aug-17 NCD 384,465,690 14.10 - - 10,171,050 8.83

9.06% Rural Electrification Corporation Limited 23-Sep-17 NCD 30,492,360 1.12 45,738,540 19.29 15,246,180 13.23

10.75% IDBI Bank Limited 17-Oct-49 NCD - - - - - -

12.00% India Infoline Housing Finance Limited 02-Apr-20 NCD - - - - - -

10.40% Vijaya Bank 29-Mar-49 NCD - - - - - -

11.25% India Infoline Finance Limited 05-Sep-20 NCD - - - - - -

9.38% Rural Electrification Corporation Limited 06-Nov-18 NCD 51,597,650 1.89 - - - -

9.52% Rural Electrification Corporation Limited 25-Mar-17 NCD 245,270,880 9.00 - - 10,219,620 8.87

9.28% Rural Electrification Corporation Limited 15-Feb-17 NCD 50,873,100 1.87 - - - -

8.38% Steel Authority of India Limited 16-Dec-17 NCD 22,083,512 0.81 50,189,800 21.17 - -

9.33% Power Finance Corporation Limited 17-Feb-17 NCD 152,818,800 5.61 - - - -

8.72% Power Finance Corporation Limited 08-Feb-17 NCD 50,419,450 1.85 - - - -

9.35% Nabha Power Limited 18-Sep-16 NCD 101,049,400 3.71 - - - -

11.25% Aspire Home Finance Corporation Limited 25-Nov-16 NCD 450,655,200 16.53 - - 15,021,840 13.03

9.06% Hdb Financial Services Limited 20-Dec-16 NCD 3,005,574 0.11 - - - -

8.70% NHPC Limited 11-Feb-17 NCD 26,243,048 0.96 24,224,352 10.22 - -

12.00% India Infoline Finance Limited 29-Sep-16 NCD 119,388,940 4.38 - - 20,584,300 17.85

8.95% Power Finance Corporation Limited 11-Mar-18 NCD - - 48,858,288 20.61 2,035,762 1.77

8.49% NTPC Limited 25-Mar-25 NCD - - - - - -

9.40% Indiabulls Housing Finance Limited 27-Dec-16 NCD - - - - 999,448 0.87

9.38% Rural Electrification Corporation Limited 06-Sep-16 NCD - - - - - -

8.35% Power Finance Corporation Limited 15-May-16 NCD - - - - - -

Zero Coupon Bonds

0.00% India Infoline Housing Finance Limited 03-APR 2018 - - - - - -

0.00% India Infoline Finance Limited 06-SEP-2016 - - - - - -

0.00% India Infoline Housing Finance Limited 06-Sep-2016 10,560,770 0.39 - - - -

0.00% India Infoline Housing Finance Limited 15-Jun-2017 500,870,500 18.38 - - - -

0.00% India Infoline Housing Finance Limited 10-Apr-2017 250,416,750 9.19 - - - -

0.00% Cholamandalam Investment and Finance Company Limited 24-May-2016 30,024,700 1.10 - - - -

Total 2,725,815,784 100.00 237,070,120 100.00 115,240,420 100.00

Commercial Papers


Edelweiss Commodities Services Limited 738,184,250 18.37 - - - -

Edelweiss Financial Services Limited 738,763,250 18.39 - - - -

Indiabulls Finance Company Private Limited - - - - - -

Indiabulls Infrastructure Credit Limited - - - - - -


102





Others

Afcons Infrastructure Limited 473,241,250 11.78 - - - -

Bilt Graphic Paper Products Limited 449,121,460 11.18 - - - -

Housing Development Finance Corporation Limited 470,959,000 11.72 - - - -

IIFL Realty Limited - - - - - -

Jindal Steel & Power Limited 39,205,240 0.98 - - 19,602,620 41.00

Peninsula Land Limited 428,191,728 10.66 - - - -

Reliance Home Finance Limited - - - - - -

S.D. Corporation Private Limited 448,484,940 11.15 - - 28,206,600 59.00


Small Industries Development Bank of India 231,657,000 5.77 - - - -

Total 4,017,808,118 100.00 - - 47,809,220 100.00


Banks

Allahabad Bank - - - - - -

Andhra Bank 880,180,700 51.92 46,325,300 21.31 - -

Bank of India - - - - - -

Bank of Maharashtra - - - - - -

Canara Bank 370,183,600 21.84 92,545,900 42.57 - -

Corporation Bank - - 78,541,360 36.12 - -

IDBI Bank Limited 444,833,380 26.24 - - 28,393,620 100.00



Syndicate Bank - - - - - -

Tamilnad Mercantile Bank Limited - - - - - -


UCO Bank - - - - - -

Vijaya Bank - - - - - -

Total 1,695,197,680 100.00 217,412,560 100.00 28,393,620 100.00

Treasury Bills

Treasury Bill - - - - - -

Total - - - - - -

Term Deposit

9.00% Karur Vysya Bank Limited - - - - - -

8.88% Indusind Bank Limited - - - - - -

8.75% Corporation Bank - - - - - -

8.60% The Jammu & Kashmir Bank Limited 380,000,000 100.00 - -

Total 380,000,000 100.00 - - - -

Government Bond:

8.24% CGL 2027 - - - - - -

8.28% CGL 2027 - - - - - -

8.33% CGL 2026 - - - - - -

8.58% SDL 2023 - - - - - -

8.60% CGL 2028 - - - - - -

8.60% SDL 2023 - - 1,375,706 7.94 - -

8.83% CGL 2023 - - 15,947,445 92.06 - -

9.35% SDL 2024 - - - - - -

9.39% SDL 2023 - - - - - -

9.47% SDL 2024 - - - - - -

9.72% SDL 2023 - - - - - -

Total - - 17,323,151 100.00 - -

CBLO 633,871,300 100.00 2,484,145 100.00 12,977,422 100.00

Total 633,871,300 100.00 2,484,145 100.00 12,977,422 100.00

TOTAL INVESTMENTS 8,184,950,282 474,289,976 204,420,682



103

Annexure IV


BARODA PIONEER BARODA PIONEER BARODA PIONEERDYNAMIC BOND FUND CREDIT OPPORTUNITIES FUND HYBRID FUND - SERIES I


Equity Shares

Auto:

Ashok Leyland Limited - - - - - -

Eicher Motors Limited - - - - - -

Hero MotoCorp Limited - - - - - -

Maruti Suzuki India Limited - - - - - -

Tata Motors Limited - - - - - -

Auto Ancillaries:

Bajaj Auto Limited - - - - - -

Mahindra & Mahindra Limited - - - - - -

Amara Raja Batteries Limited - - - - - -

Bosch Limited - - - - - -

Motherson Sumi Systems Limited - - - - - -

Sundram Fasteners Limited - - - - - -

WABCO India Limited - - - - - -

Banks:

Axis Bank Limited - - - - - -

Bank of Baroda - - - - - -

City Union Bank Limited - - - - - -

DCB Bank Limited - - - - - -

HDFC Bank Limited - - - - - -

ICICI Bank Limited - - - - - -

IndusInd Bank Limited - - - - - -


Kotak Mahindra Bank Limited - - - - - -


Punjab National Bank - - - - - -

State Bank of India - - - - - -

The Federal Bank Limited - - - - - -

The Jammu & Kashmir Bank Limited - - - - - -

The Karnataka Bank Limited - - - - - -


Union Bank of India - - - - - -

Yes Bank Limited - - - - - -

Cement:

JK Cement Limited - - - - - -

Jk Lakshmi Cement Limited - - - - - -

The Ramco Cements Limited - - - - - -

UltraTech Cement Limited - - - - - -

Chemicals :

Gowri Polymers Limited * - - - - - -

Pidilite Industries Limited - - - - - -

Solar Industries India Limited - - - - - -

Tata Chemicals Limited - - - - - -

Construction:

IRB Infrastructure Developers Limited - - - - - -

Oberoi Realty Limited - - - - - -



Engineers India Limited - - - - - -

Larsen & Toubro Limited - - - - - -

NCC Limited - - - - - -

Consumer Durables:

Blue Star Limited - - - - - -

Havells India Limited - - - - - -

Whirlpool of India Limited - - - - - -



104





Akzo Nobel India Limited - - - - - -

Bajaj Corp Limited - - - - - -

Berger Paints (I) Limited - - - - - -

Britannia Industries Limited - - - - - -

Dabur India Limited - - - - - -

GlaxoSmithKline Consumer Healthcare Limited - - - - - -

ITC Limited - - - - - -

Jyothy Laboratories Limited - - - - - -

Marico Limited - - - - - -

Diversified:

Amex Carb&Chem Limited * - - - - - -


MT Educare Limited - - - - - -


Dredging Corporation of India Limited - - - - - -

VA Tech Wabag Limited - - - - - -

Fertilisers:

Gujarat State Fertilizers & Chemicals Limited - - - - - -

Finance:

Bajaj Finance Limited - - - - - -


IDFC Limited - - - - - -

LIC Housing Finance Limited - - - - - -

Max India Limited - - - - - -

Multi Commodity Exchange of India Limited - - - - - -

Rural Electrification Corporation Limited - - - - - -

SKS Microfinance Limited - - - - - -

Sundaram Finance Limited - - - - - -

Gas :

Gujarat Gas Company Limited - - - - - -

Gujarat State Petronet Limited - - - - - -

Indraprastha Gas Limited - - - - - -


Soni Medicare Limited * - - - - - -

Western Paques (India) Limited * - - - - - -


Alstom India Limited - - - - - -

Alstom T&D India Limited - - - - - -

BEML Limited - - - - - -

Bharat Electronics Limited - - - - - -

Bharat Heavy Electricals Limited - - - - - -

Honeywell Automation India Limited - - - - - -

TD Power Systems Limited - - - - - -

V-Guard Industries Limited - - - - - -


Astral Poly Technik Limited - - - - - -

Carborundum Universal Limited - - - - - -

Cummins India Limited - - - - - -

Essel Propack Limited - - - - - -

FAG Bearings India Limited - - - - - -

Greaves Cotton Limited - - - - - -

Ingersoll Rand (India) Limited - - - - - -

Sintex Industries Limited - - - - - -


D.B.Corp Limited - - - - - -

Jagran Prakashan Limited - - - - - -

Shemaroo Entertainment Limited - - - - - -

Zee Entertainment Enterprises Limited - Preference shares - - - - - -


105





Minerals/Mining:

Coal India Limited - - - - - -

Gujarat Mineral Development Corporation Limited - - - - - -

MOIL Limited - - - - - -

NMDC Limited - - - - - -


National Aluminium Company Limited - - - - - -

Oil:

Oil & Natural Gas Corporation Limited - - - - - -

Oil India Limited - - - - - -

Pesticides:

Bayer Cropscience Limited - - - - - -

Rallis India Limited - - - - - -

Petroleum Products:

Bharat Petroleum Corporation Limited - - - - - -

Castrol India Limited - - - - - -

Hindustan Petroleum Corporation Limited - - - - - -

Indian Oil Corporation Limited - - - - - -

Mangalore Refinery and Petrochemicals Limited - - - - - -

Reliance Industries Limited - - - - - -

Pharmaceuticals:

Alembic Pharmaceuticals Limited - - - - - -

Cadila Healthcare Limited - - - - - -

Divi’s Laboratories Limited - - - - - -

Dr. Reddy’s Laboratories Limited - - - - - -

Lupin Limited - - - - - -

Sanofi India Limited - - - - - -

Sun Pharmaceuticals Industries Limited - - - - - -

Torrent Pharmaceuticals Limited - - - - - -

Power:

NTPC Limited - - - - - -

Power Grid Corporation of India Limited - - - - - -

PTC India Limited - - - - - -

Tata Power Company Limited - - - - - -

Torrent Power Limited - - - - - -

Retailing:

Accord Cotsyn Limited * - - - - - -

Kanal Fibres Limited * - - - - - -

Royal Indutries Limited * - - - - - -

Software :

CMC Limited - - - - - -

Cyient Limited - - - - - -

DSQ Software Limited * - - - - - -

HCL Technologies Limited - - - - - -

Infosys Limited - - - - - -

KPIT Technologies Limited - - - - - -

Persistent Systems Limited - - - - - -

Tata Consultancy Services Limited - - - - - -

Tech Mahindra Limited - - - - - -

Transtream India.Com Limited * - - - - - -

Wipro Limited - - - - - -


Astra Microwave Products Limited - - - - - -


Bharti Airtel Limited - - - - - -

Idea Cellular Limited - - - - - -


106





Textile Products :

Arvind Limited - - - - - -


SIV Industries Limited * - - - - - -

Transportation :

Adani Ports and Special Economic Zone Limited - - - - - -

Container Corporation of India Limited - - - - - -

Gateway Distriparks Limited - - - - - -

Shipping Corporation Of India Limited - - -

Total - - - - - -

Debentures/bonds

9.665% JSW Steel Limited 23-Dec-18 NCD - - 47,102,460 27.75 - -

9.05% Rural Electrification Corporation Limited 17-Oct-16 NCD - - - - - -

8.43% IDFC Limited 02-Feb-18 NCD - - - - - -

9.64% Power Finance Corporation Limited 15-Dec-16 NCD - - - - - -

9.35% Nabha Power Limited 16-Aug-16 NCD - - - - - -

9.3335% Nabha Power Limited 05-Dec-16 NCD - - - - - -

11.52% India Infoline Housing Finance Limited 26-Dec-18 NCD - - - - - -

8.90% UltraTech Cement Limited 08-Aug-16 NCD - - - - - -

8.90% Power Grid Corporation of India Limited 25-Feb-18 NCD - - - - - -

8.70% Power Grid Corporation of India Limited 15-Jul-18 NCD - - - - - -

10.40% JSW Steel Limited 19-Aug-17 NCD 50,855,250 52.90 - - 42,718,410 27.02


10.75% IDBI Bank Limited 17-Oct-49 NCD 15,455,850 16.08 5,151,950 3.04 - -

12.00% India Infoline Housing Finance Limited 02-Apr-20 NCD - - 42,028,080 24.76 - -

10.40% Vijaya Bank 29-Mar-49 NCD 29,818,710 31.02 - - - -

11.25% India Infoline Finance Limited 05-Sep-20 NCD - - 40,382,640 23.79 - -

9.38% Rural Electrification Corporation Limited 06-Nov-18 NCD - - - - - -

9.52% Rural Electrification Corporation Limited 25-Mar-17 NCD - - - - - -

9.28% Rural Electrification Corporation Limited 15-Feb-17 NCD - - - - - -

8.38% Steel Authority of India Limited 16-Dec-17 NCD - - - - 28,106,288 17.78

9.33% Power Finance Corporation Limited 17-Feb-17 NCD - - - - - -

8.72% Power Finance Corporation Limited 08-Feb-17 NCD - - - - - -

9.35% Nabha Power Limited 18-Sep-16 NCD - - - - - -

11.25% Aspire Home Finance Corporation Limited 25-Nov-16 NCD - - 35,050,960 20.66 - -

9.06% Hdb Financial Services Limited 20-Dec-16 NCD - - - - - -

8.70% NHPC Limited 11-Feb-17 NCD - - - - - -

12.00% India Infoline Finance Limited 29-Sep-16 NCD - - - - 43,227,030 27.33

8.95% Power Finance Corporation Limited 11-Mar-18 NCD - - - - - -

8.49% NTPC Limited 25-Mar-25 NCD - - - - - -

9.40% Indiabulls Housing Finance Limited 27-Dec-16 NCD - - - - - -


8.35% Power Finance Corporation Limited 15-May-16 NCD - - - - - -

Zero Coupon Bonds

0.00% India Infoline Housing Finance Limited 03-APR 2018 - - - - 44,067,012 27.87

0.00% India Infoline Finance Limited 06-SEP-2016 - - - - - -

0.00% India Infoline Housing Finance Limited 06-Sep-2016 - - - - - -

0.00% India Infoline Housing Finance Limited 15-Jun-2017 - - - - - -

0.00% India Infoline Housing Finance Limited 10-Apr-2017 - - - - - -

0.00% Cholamandalam Investment and Finance Company Limited 24-May-2016 - - - - - -

Total 96,129,810 100.00 169,716,090 100.00 158,118,740 100.00

Commercial Papers


Edelweiss Commodities Services Limited - - - - - -

Edelweiss Financial Services Limited - - - - - -

Indiabulls Finance Company Private Limited - - - - - -

Indiabulls Infrastructure Credit Limited - - - - - -


107





Others

Afcons Infrastructure Limited - - - - - -

Bilt Graphic Paper Products Limited - - 39,054,040 25.71 - -


IIFL Realty Limited - - - - - -

Jindal Steel & Power Limited - - 39,205,240 25.81 - -

Peninsula Land Limited - - 33,221,772 21.87 - -

Reliance Home Finance Limited - - - - - -

S.D. Corporation Private Limited - - 40,429,460 26.61 - -


Small Industries Development Bank of India - - - - - -

Total - - 151,910,512 100.00 - -


Banks

Allahabad Bank - - - - - -

Andhra Bank - - - - - -

Bank of India - - - - - -

Bank of Maharashtra - - - - - -

Canara Bank - - - - 49,469,250 50.09

Corporation Bank - - - - - -

IDBI Bank Limited - - - - - -



Syndicate Bank - - - - - -

Tamilnad Mercantile Bank Limited - - - - - -


UCO Bank - - - - - -

Vijaya Bank - - - - 49,298,900 49.91

Total - - - - 98,768,150 100.00

Treasury Bills

Treasury Bill - - - - - -

Total - - - - - -

Term Deposit

9.00% Karur Vysya Bank Limited - - - - - -

8.88% Indusind Bank Limited - - - - - -

8.75% Corporation Bank - - - - - -

8.60% The Jammu & Kashmir Bank Limited - - -

Total - - - - - -

Government Bond:

8.24% CGL 2027 - - - - - -

8.28% CGL 2027 25,941,150 6.31 - - - -

8.33% CGL 2026 - - - - - -

8.58% SDL 2023 - - - - - -

8.60% CGL 2028 259,915,473 63.26 - - - -

8.60% SDL 2023 - - - - - -

8.83% CGL 2023 15,947,445 3.88 - - - -

9.35% SDL 2024 - - - - - -

9.39% SDL 2023 - - - - - -

9.47% SDL 2024 54,279,250 13.21 - - - -

9.72% SDL 2023 54,793,150 13.34 - - - -

Total 410,876,468 100.00 - - - -

CBLO 10,161,770 100.00 540,957 100.00 135,659,170 100.00

Total 10,161,770 100.00 540,957 100.00 135,659,170 100.00

TOTAL INVESTMENTS 517,168,048 322,167,559 392,546,060


asssaas

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