Baroda Pioneer Growth Fund

Baroda Pioneer Growth Fund is managed by Mr. Dipak Acharya. The scheme aims to provide long term capital appreciation through a well researched portfolio comprising of equity, equity related instruments, money market instruments and debt securities. The fund has not been consistent in its performance. New investors can skip this fund. If you have already invested in this scheme, exit now to invest in a better performing fund.

Where does Baroda Pioneer Growth Fund invest your money?

Baroda Pioneer Growth Fund is a large and mid-cap fund which means money will be invested in large and medium sized companies. About 87.32% of the fund’s money is allocated to stocks of large sized companies and 12.68% to stocks of mid-sized companies . Large cap companies tend to be stable compared to mid-cap and small cap companies. Yet mid caps are not avoided since they can give kicker returns as they transform into large cap companies.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for what?
  • Creating wealth
  • Short term needs
  • Lifestyle needs
How has Baroda Pioneer Growth Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Sep 2003, your value of investments would be around Rs 4.92 lakhs. If you had invested Rs 1 lakh for 5 years, your value of investments would be around Rs 1.11 lakhs. The performance has not been than other large cap mutual funds. 

Assume you had invested Rs 10,000 every month in Baroda Pioneer Growth Fund through SIP for the past 5 years today you would have around Rs 7.01 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of Baroda Pioneer Growth Fund is 2.7%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you do not withdraw within 1 year.

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