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Corporate Profile

 
About Baroda Asset Management India Limited.
 
Baroda Asset Management India Ltd (BAML) is a wholly owned subsidiary of Bank of Baroda 

Baroda Asset Management India Limited (“AMC”), investment manager to Baroda Mutual Fund (“Mutual Fund”), is  a wholly owned subsidiary of Bank of Baroda and is positioned to serve the varied asset management needs of investors in India through a range of equity, debt and money market offerings. 

With a focus on enhancing the overall customer experience, the AMC is working towards: 

  1. Enhancing the existing product range to include products that will provide investors with a much wider choice suited to their diverse needs and risk profiles
  2. Providing consistent investment performance through sound investment management 
  3. Creating an increasing number of access points for investors through the vast branch network of Bank of Baroda
  4. Bringing in the high levels of compliance and corporate governance
  5. Introducing increasingly innovative and useful service features on an ongoing basis
  6. Making it easier for investors to receive prompt and effective levels of customer service

Brief history of the company : In 2008, Pioneer Global Asset Management SpA (“PGAM”) acquired 51% stake in the AMC, which was renamed as Baroda Pioneer Asset Management Company Ltd. and PGAM became a co-sponsor of the Mutual Fund. The joint venture had Rs. 30 crores in AAuM in June 2008 which grew to Rs. 12,159 crores in November 2018.  The AMC continues its path of success as it grew to become a serious player in the mutual fund industry.

Our sponsor for 10 years, Pioneer Investments, with their merger worldwide with another asset management company, have moved out of the joint venture and Bank of Baroda, India’s 2nd largest PSU Bank has now become the sole sponsor for the Mutual Fund.

On September 28, 2018, Bank of Baroda acquired the entire shareholding of UniCredit S.p.A. (erstwhile PGAM, which merged into its holding company viz. UniCredit S.p.A. effective November 1, 2017) held in the AMC and Baroda Pioneer Trustee Company Private Limited (“Trustee”). Subsequently, the names of the AMC and Trustee have been changed to Baroda Asset Management India Limited and Baroda Trustee India Private Limited respectively, and the name of our Mutual Fund has been changed to Baroda Mutual Fund.​ ​