BARODA PIONEER MUTUAL FUND

1 BARODA PIONEER MUTUAL fund . Investment Manager : BARODA PIONEER Asset Management Company Limited - 501 Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai - 400 063. Tel.: +91 22 3074 1000 CIN : U65991MH1992 PLC069414. UNAUDITED HALF YEARLY FINANCIAL RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2015 (Contd.). NOTES TO ACCOUNTS. 1. There has been no change in any accounting policy during the half-year ended September 30, 2015. 2. a) Schemes launched during the half year ended September 30, 2015: Nil. b) Schemes Matured during the half year ended September 30, 2015: Nil. 3. Details of transactions in 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 Transaction % of Total Value of Brokerage % of total Brokerage companies of Sponsor/AMC Nature of relation Covered (` in crores) Transaction of the fund (` in crores) paid by the fund April 1, 2015 to September 30, 2015.

2 BOB Capital Markets Ltd. Associate Broker Apr-15 To Sep-15 SBICAP Securities Ltd Associate Broker Apr-15 To Sep-15 Name of associates/related parties/group Nature of Association/ Period Value of Transaction % of Total Value of Brokerage % of total Brokerage companies of Sponsor/AMC Nature of relation Covered (` in crores) Transaction of the fund (` in crores) paid by the fund October 1, 2014 to March 31, 2015. BOB Capital Markets Ltd. Associate Broker Oct-14 To Mar-15 SBICAP Securities Ltd Associate Broker Oct-14 To Mar-15 b) Commission paid to associates/related parties/group companies of sponsor/AMC : Name of associate/related parties/group Nature of association Current Half Year Previous Half Year companies of Sponsor/AMC /Nature of relation April 1, 2015 to September 30, 2015 October 1, 2014 to March 31, 2015. Business Given % of Total Business Commission % of total commission Business Given % of Total Business Commission % of total commission (` In Cr.

3 Received by the fund Paid (` In Cr.) paid by the fund (` In Cr.) received by the fund Paid (` In Cr.) paid by the fund Bank of BARODA Sponsor 1, 1, c) Other Payments made/accrued to associates/related parties/group companies of sponsor/AMC : Scheme Name of Associate Nature of Association Nature of Expenses Amount (`). BARODA PIONEER Liquid fund Bank of BARODA Sponsor Interest on borrowing 7,382,352. Bank charges 9,090. BARODA PIONEER Treasury Advantage fund Bank of BARODA Sponsor Interest on borrowing 1,141,763. Bank charges 7,253. d) Underwriting obligations undertaken by the schemes with respect to issue of securities by associate companies : Nil. e) Devolvement - No underwriting devolvements. f) Subscription by the schemes in the issue lead managed by associate companies : Nil. g) Subscriptions made to any issue of equity or debt on private placement basis where the sponsor or its associate companies have acted as arranger or manager : Nil.

4 4. Disclosure under Regulation 25(11) of the Securities and Exchange Board of India ( MUTUAL Funds) Regulations, 1996 as amended, BARODA PIONEER MUTUAL fund has made the following investments in companies, which hold units in excess of 5% of the net asset value of any Scheme of BARODA PIONEER MUTUAL fund for the period ended September 30, 2015. Company Name Schemes invested in by Investment made by schemes of Aggregate cost of Outstanding as at Company Name Schemes invested in by Investment made by schemes of Aggregate cost of Outstanding as at the Company BARODA PIONEER MUTUAL fund in acquisition during the September 30, the Company BARODA PIONEER MUTUAL fund in acquisition during the September 30, the company/subsidiary year ended 2015 (At Market the company/subsidiary year ended 2015 (At Market September 30, 2015 Value / Fair Value) September 30, 2015 Value / Fair Value).

5 ( ` in Lakhs) (` in Lakhs) (` in Lakhs) (` in Lakhs). Bank of BARODA BARODA PIONEER Liquid fund BARODA PIONEER Balance fund Reliance Industries BARODA PIONEER Balance fund BARODA PIONEER Balance fund 2, 1, BARODA PIONEER Treasury BARODA PIONEER Banking & Ltd. BARODA PIONEER ELSS'96 fund Advantage fund Finanacial Services fund BARODA PIONEER Growth fund 1, BARODA PIONEER Liquid fund BARODA PIONEER ELSS'96 fund BARODA PIONEER Infrastructure fund BARODA PIONEER Equity Trigger BARODA PIONEER Growth fund BARODA PIONEER MIP fund - fund -SR I Shriram Transport BARODA PIONEER Liquid fund BARODA PIONEER Balance fund - BARODA PIONEER Growth fund BARODA PIONEER MIP fund Finance Company BARODA PIONEER Banking & Finanacial - Ltd. Services fund BARODA PIONEER PSU Equity fund BARODA PIONEER ELSS'96 fund - Bank of India BARODA PIONEER Liquid fund BARODA PIONEER Banking & Finanacial BARODA PIONEER Equity Trigger fund -SR I - Services fund - BARODA PIONEER Growth fund - BARODA PIONEER Liquid fund 38, - BARODA PIONEER Infrastructure fund - BARODA PIONEER MIP fund - BARODA PIONEER MIP fund - BARODA PIONEER PSU Equity fund - BARODA PIONEER Treasury Advantage fund - BARODA PIONEER Treasury Advantage fund 7, - State Bank of India BARODA PIONEER Liquid fund BARODA PIONEER Balance fund 1, 1, Dewan Housing BARODA PIONEER Treasury BARODA PIONEER Liquid fund 46, - (Including BARODA PIONEER Banking Finance Advantage fund BARODA PIONEER Treasury Advantage fund 12, - Subsidiary State & Finanacial Services fund Corporation Ltd.)

6 Bank of Bikaner BARODA PIONEER Dynamic Bond fund - Edelweiss BARODA PIONEER Balance fund BARODA PIONEER Liquid fund 29, - & Jaipur, BARODA PIONEER ELSS'96 fund Securities Ltd. State Bank of BARODA PIONEER Growth fund Indian Bank BARODA PIONEER Liquid fund BARODA PIONEER Banking & Finanacial - Patiala, State Bank BARODA PIONEER Liquid fund 124, - Services fund of Travancore, BARODA PIONEER MIP fund - BARODA PIONEER Equity Trigger fund -SR I - State Bank of BARODA PIONEER PSU Bond fund 2, - BARODA PIONEER Liquid fund 62, - Mysore, BARODA PIONEER PSU Equity fund BARODA PIONEER PSU Equity fund State Bank of BARODA PIONEER Treasury Advantage fund 31, - BARODA PIONEER Treasury Advantage fund 12, - Hyderabad). Infosys Ltd. BARODA PIONEER Liquid fund BARODA PIONEER Balance fund 3, 2, Tata Chemicals Ltd. BARODA PIONEER Liquid fund BARODA PIONEER Balance fund - BARODA PIONEER ELSS'96 fund - BARODA PIONEER ELSS'96 fund BARODA PIONEER Equity Trigger fund - SR I BARODA PIONEER Growth fund 1, 1, BARODA PIONEER MIP fund - BARODA PIONEER MIP fund Tata Steel Ltd.

7 BARODA PIONEER Liquid fund BARODA PIONEER Balance fund Punjab National BARODA PIONEER Liquid fund BARODA PIONEER Balance fund - BARODA PIONEER ELSS'96 fund - Bank BARODA PIONEER Banking & Finanacial - BARODA PIONEER Growth fund - Services fund BARODA PIONEER Infrastructure fund - BARODA PIONEER ELSS'96 fund - BARODA PIONEER MIP fund - BARODA PIONEER Growth fund - The Great Eastern BARODA PIONEER PSU Bond fund BARODA PIONEER Balance fund - BARODA PIONEER Liquid fund 33, - Shipping Company BARODA PIONEER Gilt fund BARODA PIONEER ELSS'96 fund - BARODA PIONEER MIP fund - Ltd. BARODA PIONEER Equity Trigger fund - SR I - BARODA PIONEER PSU Equity fund - BARODA PIONEER Infrastructure fund - BARODA PIONEER Treasury Advantage fund 12, - BARODA PIONEER MIP fund - "The above investments comprise equity shares, debentures / bonds, commercial paper, certificate of deposits and other debt instruments.

8 Investments in 10. Investments in Foreign Securities : Nil. debt instruments have been made on account of their high credit quality and competitive yield while those in equity instruments have been made on 11. Other Income represents receipts /payments of miscellaneous nature and also includes load on redemption of units net of service tax. acccount of attractive valuations.". 12. The unaudited financial results have been approved by the Board of Directors of BARODA PIONEER Asset Management Company Ltd. and BARODA 5. Details of large holdings (over 25% of the NAV of the scheme) : Nil PIONEER Trustee Company Pvt. Ltd. in their meetings held on October 16, 2015 and October 27, 2015 respectively. 6. Bonus declared by the schemes during the half year ended September 30, 2015 : Nil 7. Borrowings, if any above 10% of NAV of the schemes during the half year ended September 30, 2015 : Scheme Name Date Purpose Source Amount Borrowed Total Amount Borrowed For BARODA PIONEER Asset Management Company Limited For BARODA PIONEER Trustee Company Private Limited (` In Cr.)

9 As % of Net Assets BARODA PIONEER Liquid fund 1-Apr-15 Redemption Corporation Bank Sd/- Sd/- BARODA PIONEER Liquid fund 1-Apr-15 Redemption Bank of BARODA BARODA PIONEER Liquid fund 14-Jul-15 Redemption CCIL 8. Details of deferred revenue expenditure : Nil Anthony Heredia R. L. Baxi 9. Total outstanding exposure in derivative instruments as on September 30, 2015 is as under : CEO & Director Chairman Scheme Name Amount (` Lakh) Date : Date : BARODA PIONEER Hybrid fund Series - I Place : Mumbai Place : Mumbai Page - 4.