Post on 17-Aug-2020
transcript
2016 - 2017
Annual Report
Baroda Pioneer ELSS’96(An Open Ended Tax Benefit-cum-Growth Scheme)
Baroda Pioneer Growth Fund (An Open Ended Growth Scheme)
Baroda Pioneer Balance Fund (An Open Ended Balanced Scheme)
Baroda Pioneer Large Cap Fund (An Open Ended Equity Scheme)
Baroda Pioneer Mid-Cap Fund(An Open Ended Equity Scheme)
Baroda Pioneer Banking & Financial Services Fund (An Open Ended Sectoral Scheme)
Baroda Pioneer Equity Trigger Fund - Series I (A Close Ended Equity Scheme)
Baroda Pioneer Trustee Company Private Limited CIN : U74120MH2011PTC225365 501, Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai -400063 Ph. No. +91 22 30741000, 42197999 Fax No. +91 22 30741001 Email: info@barodapioneer.in www.barodapioneer.in
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 THE YEAR ENDED MARCH 31, 2017
The Board of Directors of Baroda Pioneer Trustee Company Private Limited (“Trustee”), trustee to Baroda Pioneer Mutual Fund (“Mutual Fund”), has pleasure in presenting the Twenty Third Annual Report and the audited accounts of the schemes of the Mutual Fund for the year ended March 31, 2017.
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, Pioneer offers a complete range of traditional, institutional and alternative investment services. Pioneer operates in markets through its trademark, “Pioneer Investments”. As of March 31, 2017, Pioneer had its presence in 28 countries, an experienced team of over 2,050 employees globally, including approximately 350 investment professionals, and assets under management totalling €228.6 billion. (Source : Pioneer website)
(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 with an extensive reach of 5,538 strong branch network as on date. BOB is also one of the few Indian banks with a formidable presence overseas in 24 countries through its 107 branches (including branches of subsidiaries and one representative office) as on date. (Source : Bank of Baroda website)
THE MUTUAL FUND / TRUST
The Mutual 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 with SEBI under Registration No. MF/018/94/2, dated November 21, 1994.
Pioneer acquired 51% of the shareholding of BOB Asset Management Company Limited (“AMC”) in June 2008 and became the co-sponsor of 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 asset management 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 issued by 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.
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 accorded its no-
Baroda Pioneer Trustee Company Private Limited CIN : U74120MH2011PTC225365 501, Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai -400063 Ph. No. +91 22 30741000, 42197999 Fax No. +91 22 30741001 Email: info@barodapioneer.in www.barodapioneer.in
objection vide letter no. OW/20656/2011 dated June 29, 2011. There is no conflict of interest between this activity and the mutual fund business. THE TRUSTEE COMPANY Baroda Pioneer Trustee Company Pvt. Ltd. (“Trustee”) is the Trustee to the Mutual Fund. Pursuant to the No-Objection Certificate received from SEBI vide its letter no. OW/24482/2011 dated July 28, 2011, the Trustee Company was incorporated on December 23, 2011, with Pioneer and BOB holding 51% and 49% respectively of its share capital. The Trustee is the exclusive owner of the Trust Fund and holds the same in trust for the benefit of the unitholders. The Trustee has been discharging its duties and carrying out the responsibilities as provided in the SEBI (Mutual Fund) Regulations, 1996 (“Regulations”) and the Trust Deed. The Trustee seeks to ensure that the Fund and the schemes floated thereunder are managed by the AMC in accordance with the Trust Deed, the SEBI MF Regulations, directions and guidelines issued by the SEBI, the Stock Exchanges, the Association of Mutual Funds in India and other regulatory agencies. ECONOMIC SCENARIO 2016-17 The year 2016-17 was a good year for investors. The principal equity indices gave double digit returns. The BSE Sensex returned 16.88%, while the S&P BSE 200’s one year return was over 22%. The mid-caps rallied during the year, outperforming the large caps. The BSE S&P mid-cap index return for 1 year as of March 31, 2017 was 33%. The inflation rate in the economy continued to ease during the year and was within the RBI’s comfort zone. The CPI as of March 31, 2017 was 3.7%, a drop from 4.9% average CPI for 2015-16. During the year, the RBI cut the Repo rate from 6.75% to 6.25%, in two tranches of 25 bps each. The yields eased with the 10 year G-sec at 6.69% as of March 31, 2017 as opposed to 7.46% in March last year. The forex reserves of the country increased to USD 370 bn as of March 31, 2017. The Union Budget 2017-18 had few major reforms. The presentation of Budget was advanced to 1st February to enable the Ministries to operationalise all activities from the commencement of the financial year. The practice of presenting Railway budget was discontinued and merged with General Budget itself, to bring Railways to the centre stage of Government’s Fiscal Policy and further, the classification of plan and non-plan expenditure was removed to facilitate holistic view of allocations. The Government’s fiscal prudence was reflected in fiscal deficit for the year at 3.2%. India has emerged as the fastest growing major economy in the world as per the Central Statistics Organization (CSO) and International Monetary Fund (IMF). Indian Economy grew by 7.1% for the full year, after factoring in fall in growth rate in the last quarter due to the demonetisation effect. This rate was lower than the 8% clocked during the previous year. The Government of India announced demonetisation of high denomination bank notes of Rs. 1,000 and Rs. 500, with effect on November 8, 2016, in order to eliminate black money and the growing menace of fake Indian currency notes. This was a bold move that was expected to impact the economy and trade in the short term, but eventually benefit the country in the long run by curbing parallel economy and give a big thrust to the digitization drive. The Indian Mutual Fund Industry had a great year, with the average assets growing to INR 18,29,583 crores during the March 2017 quarter. The average assets under management on a YOY basis grew by 35%. With equity markets doing well, equity funds attracted flows and their share in the overall AUM rose to 39% during the March quarter. The B15 towns continued to contribute to the Industry kitty and their share in the total AUM stood at 17%, with more than 50% flows in B15 towns coming in to equity funds. (Source: Union budget document, AMFI, internal research) FUTURE OUTLOOK AND OPERATIONS According to The World Bank, the Indian economy is likely to grow at 7.6 per cent in 2017-18 and 7.8 per cent in 2018-19. India’s macro-economic data continues to remain strong. The GST introduced with effect from July 1, 2017 will create one market in the nation, improving tax compliance and governance. This is expected to boost investment and growth in the long run, which augurs well for capital markets in general.
Baroda Pioneer Trustee Company Private Limited CIN : U74120MH2011PTC225365 501, Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai -400063 Ph. No. +91 22 30741000, 42197999 Fax No. +91 22 30741001 Email: info@barodapioneer.in www.barodapioneer.in
Similarly, demonetisation holds potential for long term benefits in terms of reduced corruption, enhancing digitisation, increased flow of savings in formal channels etc. thus potentially leading to higher GDP growth. This again, can have positive effect on the flows in the MF industry.
The Indian Mutual Fund industry has achieved the INR 20 lac crore mark ahead of the schedule. The industry is bullish on this growth momentum. The investment awareness initiatives undertaken by AMFI and the industry players has seen results in terms of newer investors getting in to the MF fold. The number of folios have crossed the 5.5 crore mark and holds potential to scale new highs. The SIP book is steadily increasing and contributing to monthly flows in a healthy way. Volumes of transactions and convenience is already being witnessed through digitisation of the transactional process.
For us, B15 cities and towns continue to be a focus area, apart from increasing our coverage through more distribution partners and delivering better risk-adjusted returns. We have introduced few new tools for investors to enhance their investment convenience and digitise the process. Some more initiatives are on anvil. Digital medium continues to be an integral part of our service proposition.
Our growth strategy continues to focus on increased retail participation in our equity and fixed income funds. The share of liquid funds in the asset mix has been coming down. The SIP campaigns launched during the last year have seen an upward shift in the average ticket size. The number of bank branches that are witnessing traction for SIPs has also gone up. We expect similar trend to continue in 2017-18, as we enhance our presence in the Bank’s network and reach out to more retail investors. We will also actively engage and grow partnerships with the IFAs, National and Regional Distributors, to create long-term business relationships and create more awareness of our products, performance and services among the investing community.
OVERVIEW
As on March 31, 2017, the Mutual Fund had 14 open-ended schemes, 2 close-ended schemes and 2 fixed maturity plans. The Average Assets Under Management (“AAUM”) of the Mutual Fund for the year ended March 31, 2017 was Rs. 10,486.63 crores as compared to Rs. 8,917 crores of AAUM for the year ended March 31, 2016.
During the year 2016-17, there was change in the fundamental attributes (including investment objective, asset allocation pattern and investment strategy) of Baroda Pioneer PSU Equity Fund and Baroda Pioneer Infrastructure Fund, open ended equity schemes, which were renamed as Baroda Pioneer Mid-Cap Fund and Baroda Pioneer Large Cap Fund respectively effective October 3, 2016.
Two fixed maturity plans viz. Baroda Pioneer Fixed Maturity Plan – Series E and Baroda Pioneer Fixed Maturity Plan – Series J matured on September 6, 2016 and December 28, 2016 respectively.
Baroda Pioneer Trustee Company Private Limited CIN : U74120MH2011PTC225365 501, Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai -400063 Ph. No. +91 22 30741000, 42197999 Fax No. +91 22 30741001 Email: info@barodapioneer.in www.barodapioneer.in
SCHEMES’ PERFORMANCE (as on March 31, 2017) (A) EQUITY SCHEMES : (i) Baroda Pioneer Growth Fund (an open ended growth scheme)
Compounded Annualised Return Plan A Plan B Scheme Return (%)
Benchmark Return*(%)
Scheme Return (%)
Benchmark Return*(%)
1 Year 23.73 22.47 24.72 22.47 3 Years 16.84 14.17 17.67 14.17 5 Years 14.11 13.08 - - Since Inception 17.45 15.54 14.90 12.05
*S&P BSE 200 effective May 2, 2016. Note: “Since Inception” returns are calculated from the date of allotment, viz. September 12, 2003 for Plan A and January 1, 2013 for Plan B. The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The scheme has consistently outperformed its benchmark index since inception and over the three years and five years due to overweight positions in consumer discretionary, financials, industrial & materials sectors and underweight positions in consumer staple, energy, IT, telecom & utilities sectors. However, underweight position in healthcare sector impacted the performance. The scheme outperformed its benchmark index over the one year period due to overweight position in financials, consumer discretionary & utilities sectors and underweight position in energy, telecom and consumer staples sectors. However, underweight position in healthcare sector and overweight position in industrial sector impacted the performance. (ii) Baroda Pioneer ELSS’96 (an open ended tax benefit-cum-growth scheme)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return*(%)
Scheme Return (%)
Benchmark Return*(%)
1 Year 24.36 22.47 25.49 22.47 3 Years 16.68 14.17 18.14 14.17 5 Years 15.03 13.08 - - Since Inception 12.96 12.35 16.29 11.97
*S&P BSE 200 effective May 2, 2016. Note: “Since Inception” returns are calculated from the date of allotment, viz. March 31, 1996 for Plan A and January 1, 2013 for Plan B. The “Returns” shown are for the dividend option. Returns have been computed assuming that all payouts during the period have been re-invested in the units of the scheme at the respective prevailing NAVs. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The scheme has consistently outperformed its benchmark index since inception and over the three years and five years periods due to overweight positions in consumer discretionary, financials, materials and utilities sectors and underweight positions in consumer staple, energy and utilities sectors. However, underweight position in healthcare, telecom and IT sectors impacted the performance. The scheme outperformed its benchmark index over the one year period due to overweight positions in financials, consumer discretionary and utilities sectors and underweight position in energy and telecom sectors. However, underweight positions in healthcare, IT and consumer staples sectors and overweight positions in the industrial sector impacted the performance.
Baroda Pioneer Trustee Company Private Limited CIN : U74120MH2011PTC225365 501, Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai -400063 Ph. No. +91 22 30741000, 42197999 Fax No. +91 22 30741001 Email: info@barodapioneer.in www.barodapioneer.in
(iii) Baroda Pioneer Balance Fund (an open ended balanced scheme)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return*(%)
Scheme Return (%)
Benchmark Return*(%)
1 Year 20.92 16.10 22.43 16.10 3 Years 13.99 11.36 15.33 11.36 5 Years 12.72 11.12 - - Since Inception 12.57 12.49 13.58 10.41
*CRISIL Balanced Fund – Aggressive Index Note: “Since Inception” returns are calculated from the date of allotment, viz. September 12, 2003 for Plan A and January 1, 2013 for Plan B. The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The scheme has consistently outperformed its benchmark index since inception and over the three years and five years periods due to overweight positions in consumer discretionary, financials, industrial and materials sectors and underweight positions in consumer staple, energy, IT, telecom and utilities sectors. However, underweight position in healthcare sector impacted the performance. The scheme outperformed its benchmark index over the one year period due to overweight positions in financials, consumer discretionary and utilities sectors and underweight positions in energy, telecom and consumer staples sectors. However, underweight position in healthcare sector and overweight position to the industrial sector impacted the performance. (iv) Baroda Pioneer Banking & Financial Services Fund (an open ended sectoral scheme)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return*(%)
Scheme Return (%)
Benchmark Return*(%)
1 Year 37.01 32.85 37.89 32.85 3 Years 19.12 18.93 20.13 18.93 Since Inception 14.37 17.23 11.91 12.96
*Nifty Bank Index Note: “Since Inception” & FY 12-13 returns are calculated from the date of allotment, viz. June 22, 2012 and January 1, 2013 for Plan B. The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The scheme has outperformed its benchmark index over the one year and three years periods due to overweight positions in mid-cap banks, NBFCs and mortgage companies and underweight positions in PSU banks. The scheme has underperformed its benchmark index since inception mainly due to overweight positions in PSU banks, NBFCs and exchange companies. (v) Baroda Pioneer Mid-Cap Fund (an open ended equity scheme)
Compounded Annualised Return
Plan A Plan B (Direct) Scheme Return (%)
Benchmark Return*(%)
Scheme Return (%)
Benchmark Return*(%)
1 Year 25.60 32.75 10.80 32.75 3 Years 7.73 25.76 10.69 25.76 5 Years 2.74 17.29 - - Since Inception (2.67) 8.66 9.80 17.01
*S&P BSE Mid-cap index effective October 3, 2016
Baroda Pioneer Trustee Company Private Limited CIN : U74120MH2011PTC225365 501, Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai -400063 Ph. No. +91 22 30741000, 42197999 Fax No. +91 22 30741001 Email: info@barodapioneer.in www.barodapioneer.in
Note: “Since Inception” returns are calculated from the date of allotment, viz. October 04, 2010 for Plan A and January 1, 2013 for Plan B (Direct). The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Effective October 3, 2016, the scheme (formerly known as Baroda Pioneer PSU Equity Fund), was converted into Baroda Pioneer Mid-cap Fund and the scheme benchmark index was also changed to S&P BSE Mid-cap index. Until September 30, 2016, the investment universe of the scheme was restricted to Public Sector Undertakings, as per the investment objective of the scheme. The scheme underperformed its new benchmark index since inception and over one year, three years and five years periods due to outperformance of S&P BSE Mid-cap index over S&P BSE PSU index over the three years and five years periods. The S&P BSE Mid-cap index outperformed S&P BSE PSU index by 15.2% and 14% over three years and five years periods respectively. (vi) Baroda Pioneer Large Cap Fund (an open ended equity scheme)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return*(%)
Scheme Return (%)
Benchmark Return*(%)
1 Year 26.65 20.87 27.48 20.87 3 Years 15.67 12.78 16.30 12.78 5 Years 10.71 12.72 - - Since Inception 3.80 9.02 12.09 11.53
*Nifty 100 effective October 3, 2016. Note: “Since Inception” returns are calculated from the date of allotment, viz. June 22, 2010 for Plan A and January 1, 2013 for Plan B. The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Effective October 3, 2016, the scheme (formerly known as Baroda Pioneer Infrastructure Fund) was converted into Baroda Pioneer Large Cap Fund and the scheme benchmark index was also changed to Nifty 100. Until September 30, 2016, the scheme was restricted to invest only in sectors related to infrastructure and prohibited from investing in consumer staples, banking, consumer discretionary, pharmaceutical and IT sectors, as per the investment objective of the scheme. The scheme has outperformed its benchmark index over the one year and three years periods due to overweight positions in energy, material, utilities and financial sectors and underweight positions in IT and telecom sectors. However, underweight position in consumer discretionary, consumer staple and health care sectors impacted the performance. The scheme has underperformed its benchmark index since inception and over the five years period due to underweight positions in healthcare, consumer discretionary, consumer staple, banking and IT sectors. (vii) Baroda Pioneer Equity Trigger Fund – Series I (a close ended equity scheme)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return*(%)
Scheme Return (%)
Benchmark Return*(%)
1 Year 30.17 32.75 32.11 32.75 Since Inception 10.29 15.41 12.03 15.41
*S&P BSE Mid-cap index Note: “Since Inception” returns are calculated from the date of allotment, viz. December 29, 2014 The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
Baroda Pioneer Trustee Company Private Limited CIN : U74120MH2011PTC225365 501, Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai -400063 Ph. No. +91 22 30741000, 42197999 Fax No. +91 22 30741001 Email: info@barodapioneer.in www.barodapioneer.in
The scheme has underperformed its benchmark index since inception and over the one year period mainly due to [its overweight position in IT, materials and consumer discretionary sectors and underweight position in energy and healthcare sectors. (B) DEBT SCHEMES : (i) Baroda Pioneer Short Term Bond Fund (an open ended income scheme)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return* (%)
Scheme Return (%)
Benchmark Return* (%)
1 Year 9.87 9.10 10.68 9.10 3 Years 9.31 9.29 10.03 9.29 5 Years 9.07 9.15 - - Since Inception 8.41 8.55 9.58 9.11
*CRISIL Short Term Bond Fund Index. Note: “Since Inception” returns are calculated from the date of allotment, viz. June 30, 2010 for Plan A and January 1, 2013 for Plan B. The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The scheme has outperformed its benchmark index over the one year and three years periods due to its conservative position with regard to duration. The scheme has underperformed its benchmark index since inception and over the five years periods mainly due to its conservative position with regard to duration. The scheme had comparatively lower duration than its benchmark, which resulted in outperformance/underperformance of the scheme. (ii) Baroda Pioneer Monthly Income Plan (MIP) Fund (an open ended income scheme with no assured returns) (Monthly income is not assured and is subject to availability of distributable surplus)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return* (%)
Scheme Return (%)
Benchmark Return* (%)
1 Year 10.00 12.30 10.80 12.30 3 Years 9.71 11.37 10.69 11.37 5 Years 9.09 9.92 - - Since Inception 6.14 8.58 9.80 9.70
*CRISIL MIP Blended Index. Note: “Since Inception” returns are calculated from the date of allotment, viz. September 08, 2004 for Plan A and January 1, 2013 for Plan B. The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The scheme has underperformed its benchmark index since inception and over the one year, three years and five years periods mainly due to [its conservative position with regard to equity allocation. The scheme had comparatively lower equity allocation than its benchmark, which resulted in underperformance of the scheme.
Baroda Pioneer Trustee Company Private Limited CIN : U74120MH2011PTC225365 501, Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai -400063 Ph. No. +91 22 30741000, 42197999 Fax No. +91 22 30741001 Email: info@barodapioneer.in www.barodapioneer.in
(iii) Baroda Pioneer Income Fund (an open ended income fund)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return* (%)
Scheme Return (%)
Benchmark Return* (%)
1 Year 9.89 11.09 10.73 11.09 3 Years 10.09 11.26 10.98 11.26 5 Years 8.66 9.45 - - Since Inception 6.42 7.14 9.46 9.37
*CRISIL Composite Bond Fund Index. Note: “Since Inception” returns are calculated from the date of allotment, viz. March 21, 2002 for Plan A and January 1, 2013 for Plan B. The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The scheme has underperformed its benchmark index since inception and over the one year, three years and five years periods mainly due to [its conservative position with regard to duration. The scheme had comparatively lower duration than its benchmark, which resulted in underperformance of the scheme. (iv) Baroda Pioneer Treasury Advantage Fund (an open ended debt scheme)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return* (%)
Scheme Return (%)
Benchmark Return* (%)
1 Year 9.09 7.11 9.57 7.11 3 Years 9.12 8.04 9.55 8.04 5 Years 9.32 8.36 - - Since Inception 8.58 7.56 9.57 8.38
*CRISIL Liquid Fund Index. Note: “Since Inception” returns are calculated from the date of allotment, viz. June 24, 2009 for Plan A and January 1, 2013 for Plan B. The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The scheme has consistently outperformed its benchmark index since inception and over the one year, three years and five years periods due to active management of duration and credit exposure. (v) Baroda Pioneer GILT Fund (an open ended gilt scheme)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return* (%)
Scheme Return (%)
Benchmark Return* (%)
1 Year 9.72 10.65 10.52 10.65 3 Years 10.57 11.31 11.66 11.31 5 Years 9.15 9.97 - - Since Inception 6.50 7.88 9.84 9.80
*I-Sec Mi-Bex Index Note: “Since Inception” returns are calculated from the date of allotment, viz. March 21, 2002 for Plan A and January 1, 2013 for Plan B. The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The scheme has underperformed its benchmark index since inception and over the one year, three years and five years periods mainly due to its conservative position with regard to duration. The scheme
Baroda Pioneer Trustee Company Private Limited CIN : U74120MH2011PTC225365 501, Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai -400063 Ph. No. +91 22 30741000, 42197999 Fax No. +91 22 30741001 Email: info@barodapioneer.in www.barodapioneer.in
had comparatively lower duration than its benchmark, which resulted in underperformance of the scheme. (vi) Baroda Pioneer Liquid Fund (an open ended liquid scheme)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return* (%)
Scheme Return (%)
Benchmark Return* (%)
1 Year 7.32 7.11 7.44 7.11 3 Years 8.19 8.04 8.30 8.04 5 Years 8.67 8.36 - - Since Inception 7.93 7.51 8.62 8.38
* CRISIL Liquid Fund Index Note: “Since Inception” returns are calculated from the date of allotment, viz. February 05, 2009 for Plan A and January 1, 2013 for Plan B. The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The scheme has consistently outperformed its benchmark index since inception and over the one year, three years and five years periods due to active management of average maturity and credit exposure. (vii) Baroda Pioneer Dynamic Bond Fund (an open ended income scheme)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return* (%)
Scheme Return (%)
Benchmark Return* (%)
1 Year 11.51 11.09 12.37 11.09 3 Years 11.52 11.26 12.37 11.26 Since Inception 9.77 9.47 10.61 9.37
* CRISIL Composite Bond Fund Index Note: “Since Inception” returns are calculated from the date of allotment, viz. July 02, 2012 for Plan A and January 1, 2013 for Plan B. The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The scheme has consistently outperformed its benchmark index since inception and over the one year, three years and five years periods due to active management of duration. (viii) Baroda Pioneer Credit Opportunities Fund (an open ended debt scheme)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return* (%)
Scheme Return (%)
Benchmark Return* (%)
1 Year 11.45 9.10 12.90 9.10 Since Inception 10.86 8.79 12.21 8.79
* CRISIL Short Term Bond Fund Index Note: “Since Inception” returns are calculated from the date of allotment, viz. January 23, 2015. The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The scheme has consistently outperformed its benchmark index since inception and over the one year periods due to active management of duration and credit exposure.
Baroda Pioneer Trustee Company Private Limited CIN : U74120MH2011PTC225365 501, Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai -400063 Ph. No. +91 22 30741000, 42197999 Fax No. +91 22 30741001 Email: info@barodapioneer.in www.barodapioneer.in
(ix) Baroda Pioneer Hybrid Fund – Series I (a close ended hybrid scheme)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return*(%)
Scheme Return (%)
Benchmark Return*(%)
1 Year 7.07 12.30 8.93 12.30 Since Inception 1.49 8.92 3.29 8.92
* CRISIL MIP Blended Fund Index Note: “Since Inception” returns are calculated from the date of allotment, viz. March 24, 2015. The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The scheme has underperformed its benchmark index since inception and over the one year periods mainly because its gross exposure to equity and equity related instruments is higher than its benchmark index, which resulted in underperformance of the scheme. (x) Baroda Pioneer Fixed Maturity Plan - Series M (a close-ended debt scheme)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return* (%)
Scheme Return (%)
Benchmark Return* (%)
1 Year 7.45 9.10 7.67 9.10 Since Inception 8.34 9.40 8.56 9.40
* CRISIL Short Term Bond Fund Index Note: “Since Inception” returns are calculated from the date of allotment, viz. March 10, 2014. The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The scheme has underperformed its benchmark index since inception and over the one year periods due to different maturity profile of the scheme v/s its benchmark. (xi) Baroda Pioneer Fixed Maturity Plan - Series N (a close-ended debt scheme)
Compounded Annualised Return
Plan A Plan B Scheme Return (%)
Benchmark Return* (%)
Scheme Return (%)
Benchmark Return* (%)
1 Year 7.37 9.10 7.59 9.10 Since Inception 8.15 9.29 8.34 9.29
* CRISIL Short Term Bond Fund Index Note: “Since Inception” returns are calculated from the date of allotment, viz. March 24, 2014. The “Returns” shown are for the growth option. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The scheme has underperformed its benchmark index since inception and over the one year periods due to different maturity profile of the scheme v/s its benchmark.
Baroda Pioneer Trustee Company Private Limited CIN : U74120MH2011PTC225365 501, Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai -400063 Ph. No. +91 22 30741000, 42197999 Fax No. +91 22 30741001 Email: info@barodapioneer.in www.barodapioneer.in
INVESTMENT OBJECTIVES OF THE SCHEMES Sr. No.
Name and nature of Scheme Investment Objective Name of Fund Manager
1. Baroda Pioneer Monthly Income Plan (MIP) Fund* (an open ended income scheme with no assured returns) *Monthly income is not assured and is subject to availability of distributable surplus.
The scheme aims to generate regular income through investment in debt and money market instruments and to generate long-term capital appreciation by investing a portion in equity and equity related instruments.
Ms. Hetal Shah
2. Baroda Pioneer Income Fund (an open ended income fund)
The scheme aims to generate regular income by investing in a portfolio of good quality fixed income securities by maintaining a balance between risk & return.
Ms. Hetal Shah
3. Baroda Pioneer Treasury Advantage Fund (an open ended debt scheme)
The scheme aims to provide optimal returns and liquidity through a portfolio comprising of debt and money market instruments.
Mr. Alok Sahoo & Ms. Hetal Shah
4. Baroda Pioneer GILT Fund (an open ended gilt scheme)
The scheme aims to generate income by investing in a portfolio of government securities.
Ms. Hetal Shah
5. Baroda Pioneer Short Term Bond Fund (an open ended income scheme)
The scheme aims to generate income from a portfolio constituted of short-term debt and money market securities.
Mr. Alok Sahoo & Ms. Hetal Shah
6. Baroda Pioneer Liquid Fund (an open ended liquid scheme)
The scheme aims to generate income with a high level of liquidity by investing in a portfolio of money market and debt securities.
Mr. Alok Sahoo & Ms. Hetal Shah
7. Baroda Pioneer Dynamic Bond Fund (an open ended income scheme)
The scheme aims to generate returns with liquidity by managing the portfolio dynamically through interest rate cycles.
Mr. Alok Sahoo & Ms. Hetal Shah
8. Baroda Pioneer Credit Opportunities Fund (an open ended debt scheme)
The primary objective of the scheme is to generate returns by investing in debt and money market instruments across the credit spectrum.
Mr. Alok Sahoo & Mr. Karn Kumar
9. Baroda Pioneer Mid-Cap Fund (an open ended equity scheme)
The primary objective of the scheme is to generate capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of growth oriented mid cap stocks.
Mr. Sanjay Chawla & Mr. Dipak Acharya
10. Baroda Pioneer Large Cap Fund (an open ended equity scheme)
The primary investment objective of the scheme is to generate capital appreciation by investing predominantly in a diversified portfolio of equity and equity related
Mr. Sanjay Chawla & Mr. Dipak Acharya
Baroda Pioneer Trustee Company Private Limited CIN : U74120MH2011PTC225365 501, Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai -400063 Ph. No. +91 22 30741000, 42197999 Fax No. +91 22 30741001 Email: info@barodapioneer.in www.barodapioneer.in
Sr. No.
Name and nature of Scheme Investment Objective Name of Fund Manager
securities of large cap companies. The scheme may also invest in debt and money market securities.
11. Baroda Pioneer Growth Fund (an open ended growth scheme)
The scheme aims to generate long-term capital appreciation from an actively managed portfolio of equity and equity related instruments.
Mr. Sanjay Chawla & Mr. Dipak Acharya
12. Baroda Pioneer ELSS’96 (an open ended tax benefit-cum-growth scheme)
The scheme aims to provide the investor long-term capital growth as also tax benefit under Section 80C of the Income Tax Act, 1961.
Mr. Sanjay Chawla & Mr. Dipak Acharya
13. Baroda Pioneer Balance Fund (an open ended balanced scheme)
The scheme is targeted for long-term capital appreciation along with stability through a well balanced portfolio comprising of equity, equity related instruments, money market instruments and debt securities.
Mr. Sanjay Chawla & Mr. Dipak Acharya
14. Baroda Pioneer Banking and Financial Services Fund (an open ended sectoral scheme)
The primary investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio invested predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector.
Mr. Dipak Acharya
15. Baroda Pioneer Equity Trigger Fund – Series I (a close ended equity scheme)
The investment objective of the scheme is to provide capital appreciation by investing in a well-diversified portfolio of equity and equity related securities predominantly of mid-cap and small cap companies.
Mr. Dipak Acharya
16. Baroda Pioneer Hybrid Fund – Series I (a close ended hybrid scheme)
The investment objective of the scheme is to generate income by investing in fixed income securities maturing on or before the date of the maturity of the scheme and to generate capital appreciation by investing in equity and equity related instruments.
Mr. Alok Sahoo (for debt investments) & Mr. Dipak Acharya (for equity investments)
17. Baroda Pioneer Fixed Maturity Plans (a series of close-ended debt schemes)
The investment objective of each scheme is to generate returns by investing in a portfolio comprising of debt instruments and money market instruments maturing on or before the maturity of the scheme.
Mr. Alok Sahoo & Ms. Hetal Shah
Baroda Pioneer Trustee Company Private Limited CIN : U74120MH2011PTC225365 501, Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai -400063 Ph. No. +91 22 30741000, 42197999 Fax No. +91 22 30741001 Email: info@barodapioneer.in www.barodapioneer.in
BASIS AND POLICY OF INVESTMENT UNDERLYING THE SCHEMES The basis and policy of investment underlying the schemes are in line with the investment objective of the respective schemes as mentioned above, and as per the asset allocation pattern and investment strategy detailed in the respective Scheme Information Document (SID) of the schemes. SIGNIFICANT ACCOUNTING POLICIES Accounting Policies are in accordance with the SEBI (Mutual Funds) Regulations, 1996. The significant accounting policies are annexed to the accounts of the scheme(s). UNCLAIMED DIVIDEND & REDEMPTION Pursuant to SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2016/37 dated February 25, 2016, the unclaimed redemption and dividend amounts have been invested in a separate plan (viz. Plan C) of Baroda Pioneer Liquid Fund, an open ended liquid scheme, floated by the Mutual Fund specifically for deployment of the unclaimed amounts. The AMC does not charge any exit load in this plan and the total expense ratio of the plan is capped at 50 bps. Investors may refer to the website of the AMC (www.barodapioneer.in), which provides information on the names and addresses of investors in whose folios there are unclaimed amounts, subject to verification of prescribed parameters. The process of claiming the unclaimed amount along with the necessary form / documents is also readily available on the website of the AMC. 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. We strongly 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 can approach any of the AMC offices or Investor Service Centres in this regard. The total unclaimed dividend and redemption amounts as on March 31, 2017 were Rs. 16,164,990/- and Rs. 2,963,728 respectively. The scheme-wise unclaimed dividend and redemption amounts as at March 31, 2017 were as under :
Scheme Name Unclaimed Dividend Unclaimed Redemption
Amount (Rs.) No. of investors Amount (Rs.) No. of
investors Baroda Pioneer ELSS 96 Fund 86,74,323 5,198 603,443 51 Baroda Pioneer Growth Fund 16,032,464 11,052 1,525,618 144 Baroda Pioneer Balance Fund 75,840 26 94,000 9 Baroda Pioneer Large Cap Fund 20,630 6 127,771 9 Baroda Pioneer PSU Equity Fund - - 231,550 13 Baroda Pioneer Banking and Financial Services Fund 4,591 1 163,606 4
Baroda Pioneer MIP Fund 2,455 5 47,411 6 Baroda Pioneer Gilt Fund 6,925 12 48,491 6 Baroda Pioneer Income Fund 21,687 23 65,793 9 Baroda Pioneer Treasury Advantage Fund 398 1 960 1
Baroda Pioneer Short Term Bond Fund - - 55,085 3
Grand Total 16,164,990 16,324 2,963,728 255
Baroda Pioneer Trustee Company Private Limited CIN : U74120MH2011PTC225365 501, Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai -400063 Ph. No. +91 22 30741000, 42197999 Fax No. +91 22 30741001 Email: info@barodapioneer.in www.barodapioneer.in
REDRESSAL OF INVESTOR COMPLAINTS Details of investor complaints received during the financial year ended March 31, 2017 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 DURING THE FINANCIAL YEAR ENDED MARCH 31, 2017 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 Company has 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 exercise of the proxy votes in the AGMs/EGMs of the investee companies of the Mutual Fund during the financial year ended March 31, 2017 along with a summary of the votes cast across all the investee companies and 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 disclosed by the AMC and the certification dated June 30, 2017 issued by M/s. M. P. Chitale & Co., Chartered Accountants, 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 REGULATORY UPDATES Following are few important regulatory updates for the financial year ended March 31, 2017 :
In order to ensure that mutual funds play a pro-active role in tracing the rightful owner of the unclaimed dividend and redemption amounts, SEBI has advised mutual funds to provide on their websites, list of names and addresses of investors in whose folios there are unclaimed amounts. The process of claiming the unclaimed amount and necessary forms / documents required is also disclosed on the websites of the mutual funds. AMFI also provides a consolidated list of investors across the mutual fund industry, in whose folios there are unclaimed amounts.
In order to avoid discretionary disclosures and practices in the mutual fund industry on restrictions on redemptions and to bring more clarity and protect the interest of the investors, SEBI has prescribed specific conditions under which restriction on redemption can be imposed.
Central Know Your Client (KYC) Records Registry has been operationalised effective August 1, 2016 for individual investors.
Existing mutual fund schemes can invest in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) by providing an exit option of at least 15 days to its unit holders.
STATUTORY INFORMATION
a) The Sponsors are not responsible or liable for any loss resulting from the operation of the Schemes of the Mutual 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.
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.
Baroda Pioneer Trustee Company Private Limited CIN : U74120MH2011PTC225365 501, Titanium, 5th Floor, Western Express Highway, Goregaon (East), Mumbai -400063 Ph. No. +91 22 30741000, 42197999 Fax No. +91 22 30741001 Email: info@barodapioneer.in www.barodapioneer.in
c) Full Annual Report is disclosed on the website (www.barodapioneer.in) and shall be available for inspection at the Head Office of the Mutual Fund. Present and prospective unit holders can obtain a copy of the trust deed and the full Annual Report of the Mutual Fund / AMC upon request.
ACKNOWLEDGEMENT The Trustee is grateful to the unit holders for reposing faith and confidence in the Mutual Fund and expresses gratitude to the Securities and Exchange Board of India, Association of Mutual Funds in India, Reserve Bank of India, Auditors, Registrars, Custodians, and Bankers for their continued support, advice and co-operation. The Trustee 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 of Baroda Pioneer Trustee Company Private Ltd.
Sd/-
R. L. Baxi Chairman Place : Mumbai Date : July 21, 2017 Mutual fund investments are subject to market risks, read all scheme related documents carefully. Disclaimer for Nifty Bank Index and Nifty 100 : Baroda Pioneer Large Cap Fund and Baroda Pioneer Banking and Financial Services Fund (“said Schemes”) offered by Baroda Pioneer Mutual Fund are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Schemes or any member of the public regarding the advisability of investing in securities generally or in the said Schemes linked to Nifty 100 and Nifty Bank Index or particularly in the ability of the Nifty 100 and Nifty Bank Index to track general stock market performance in India. Please read the full disclaimers in relation to the Nifty 100 and Nifty Bank Index in the Offer Document / Prospectus / Information Statement.
ANNEXURE – I
Redressal of complaints received against Baroda Pioneer Mutual Fund during 2016-17
Redressal of Complaints received during
2016-2017
Name of the Mutual Fund Baroda Pioneer Mutual Fund
Total Number of Folios 309,415
Complaint code
Type of complaint#
(a) No. of complaints pending at
the beginning of the year
(b) No of complaints
received during the
year
Action on (a) and (b)
Resolved Non Actionable*
Pending
Within 30
days
30-60 days
60-180 days
Beyond 180 days
0-3 months
3-6 months 6-9 months 9-12 months
I A Non receipt of Dividend on Units
-
-
-
-
-
-
-
-
- - -
I B Interest on delayed payment of Dividend
-
-
-
-
-
-
-
-
- - -
I C Non receipt of Redemption Proceeds
-
6
6
-
-
-
-
-
- - -
I D Interest on delayed payment of Redemption
-
-
-
-
-
-
-
-
- - -
II A Non receipt of Statement of Account/Unit Certificate
-
-
-
-
-
-
-
-
- - -
II B Discrepancy in Statement of Account
-
-
-
-
-
-
-
- - -
II C Data corrections in Investor details
-
50
50
-
-
-
-
-
- - -
II D Non receipt of Annual Report/Abridged Summary
-
-
-
-
-
-
-
-
- - -
III A Wrong switch between Schemes
-
10
10
-
-
-
-
-
- - -
Redressal of Complaints received during
2016-2017
Name of the Mutual Fund Baroda Pioneer Mutual Fund
Total Number of Folios 309,415
Complaint code
Type of complaint#
(a) No. of complaints pending at
the beginning of the year
(b) No of complaints
received during the
year
Action on (a) and (b)
Resolved Non Actionable*
Pending
Within 30
days
30-60 days
60-180 days
Beyond 180 days
0-3 months
3-6 months 6-9 months 9-12 months
III B Unauthorized switch between Schemes
1
-
1
-
-
-
-
-
- - -
III C Deviation from Scheme attributes
-
1
1
-
-
-
-
-
- - -
III D Wrong or excess charges/load
-
1
1
-
-
-
-
-
- - -
III E Non updation of changes viz. address, PAN, bank details, nomination, etc
-
2
2
-
-
-
-
-
- - -
IV Others 1
22
23
-
-
-
- - -
V SIP / SWP / STP Related Queries **
-
274
274
-
-
-
-
-
- - -
TOTAL 2 366 368 - - - - - - - -
# including against its authorized persons/ distributors/ employees. etc. *Non actionable means complaints that are incomplete / outside the scope of the Mutual Fund.
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 and procedures 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 proxy votes 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, Baroda Pioneer 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 general meetings, 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, bearing in mind, where applicable, the objectives and strategies of the schemes of Baroda Pioneer Mutual Fund (“Fund”). Special consideration should be given to issues relating to Ethic Funds. It is advisable to vote all proxies presented in a 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 issuers of 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 the vote 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 analysis outline 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 and voting “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 may hold 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 AMC will try to actively participate and vote, directly or through proxy voting services, all proxies in all managed funds, at least for all publicly traded companies. The Board of Trustees 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 any of 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 applicable guidelines 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 incorporating environmental, 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 more sustainable 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 able to 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 regarding a 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 exercise its 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 proxy materials 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. Proxy voting services will refer proxy questions to the Proxy Coordinator, nominated among the members of the AMC’s Proxy Voting Oversight Group, for instructions under circumstances where: (1) the application 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 voting services 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, making use, 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 Compliance to 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 every three 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 shallbe 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 PGAMproxy voting policy without any pre-notification. The details of the strategic companies’AGM are then reported to the Independent Directors on a quarterly basis during theirmeeting;
for all AGMs to which Pioneer participates trough Assogestioni’s initiatives (only for theagenda items related to the appointments of the members of the Board of Directors andinternal statutory Auditors), to report to the Independent Directors on a quarterly basisduring their meeting, without any pre-notification. However Investments consults with theGlobal CIO as a member of the Assogestioni Corporate Governance Committee. Inparticular cases, due the sensitivity of the Strategic Companies and the agenda items,Investments may consult with the Global CIO and PGAM Compliance Officer in advance;
for all the other companies (non-strategic) to vote according to the Policy and throughindependent 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) and the 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 evaluate and 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 other business 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 responsible for 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 the AMC’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 recommendation from 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 Compliance Department 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 absence of 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 the decision 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 where the 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 conflict is 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 Group should 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 proxy voting 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. The Compliance 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 best interests 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 the investee companies. The formats are given in Annex C.
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 interest of 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, in exercising 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 extant law 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, it is 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 corporate performance 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 vote on 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 vote against 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. 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 incumbent or “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 require any 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 formulas or 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, proposals which 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 control over 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 and may 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 proposals that 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. 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:
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 demonstrated that 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 qualified people. 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’s compensation 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 advisable to support proposals to submit ESOPs to shareholder vote.
Various issues related to the specific provisions of law, including: o Amendments to performance plans; o Caps on annual grants or amendments of administrative features; o Adding performance goals; and o 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 vote on a case-by-case basis on the following issues, to the extent applicable as per the extant law in India: 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 distribution of 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 rata portion 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 insider information 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 the rejection 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. 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 to oppose those that appear to be solely for the purpose of strengthening takeover 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 conversions to 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 affect the 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 requirements of 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 respect of 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 avoid any 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 schemes of the Fund.
Annex B – Social and Environmental Issues It is advisable to support shareholders’ social, workforce and environmental proposals that create good corporate citizens and improve the company’s public image. It is advisable to abstain 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:
o Conduct studies regarding certain issues of public concern and interests; o Study the feasibility of the company taking certain actions with regard to such
issues or o 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 to vote 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 that management 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;
Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)
AGENDA ITEM
POLICY PROVISION POLICY POSITION VOTE INDICATIONS
Diversity and Equality
Add Women and Minorities to Board
Vote for shareholder proposals that ask the company to take steps to nominate more women and racial minorities to the board.
VOTE FOR
Vote for shareholder proposals asking for reports on board diversity.
VOTE FOR
Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)
AGENDA ITEM
POLICY PROVISION POLICY POSITION VOTE INDICATIONS
Vote for shareholder proposals asking companies to adopt nomination charters or amend existing charters to include reasonable language addressing diversity.
VOTE FOR
Report on the Distribution of Stock Options by Gender and Race
Vote case by case shareholder proposals asking companies to report on the distribution of stock options by race and gender of the recipient.
REFER
Prepare Report/Promote EEOC-Related Activities
Vote for shareholder proposals that ask the company to report on its diversity and/or affirmative action programs.
VOTE FOR
Vote for shareholder proposals calling for legal and regulatory compliance and public reporting related to non-discrimination, affirmative action, workplace health and safety, and labour policies and practices that effect long-term corporate performance.
VOTE FOR
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 Ceiling Commission Recommendations
Vote for shareholder proposals that ask the company to report on its progress against the Glass Ceiling Commission‘s recommendations.
VOTE FOR
Vote for shareholder proposals seeking to eliminate the "glass ceiling" for women and minority employees.
VOTE FOR
Prohibit Discrimination on the Basis of Sexual Orientation or Gender Identity
Vote for shareholder proposals to include language in EEO statements specifically barring discrimination on the basis of sexual
VOTE FOR
Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)
AGENDA ITEM
POLICY PROVISION POLICY POSITION VOTE INDICATIONS
orientation or gender identity.
Vote for shareholder proposals seeking reports on a company‘s initiatives to create a workplace free of discrimination 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 lesbian employees.
VOTE AGAINST
Report on/Eliminate Use of Racial Stereotypes in Advertising
Vote case by case shareholder proposals seeking more careful consideration of using racial stereotypes in advertising campaigns, including preparation of a report on this issue.
REFER
Labor and Human Rights
Codes of Conduct and Vendor Standards
Vote for shareholder proposals to implement human rights standards and workplace codes of conduct.
VOTE FOR
Vote for shareholder proposals calling for the implementation and reporting on ILO codes of conduct, SA 8000 Standards, or the Global Sullivan Principles.
NOT APPLICABLE
Vote for shareholder proposals that call for the adoption of principles or codes of conduct relating to company investments in countries with patterns of human rights abuses (e.g. Northern Ireland, Burma, former Soviet Union, and China).
VOTE FOR
Vote for shareholder proposals that call for independent monitoring programs in conjunction with local and respected religious and human rights groups to monitor supplier and licensee compliance with codes.
VOTE FOR
Vote for shareholder proposals that seek publication of a "Code of
VOTE FOR
Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)
AGENDA ITEM
POLICY PROVISION POLICY POSITION VOTE INDICATIONS
Conduct" to the company‘s foreign suppliers 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: reporting on incentives to encourage suppliers to raise standards rather than terminate contracts and providing public disclosure of contract supplier reviews on a regular basis.
VOTE FOR
Vote for shareholder proposals to adopt labour standards for foreign and domestic suppliers to ensure that the 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 wages and working conditions.
VOTE FOR
Adopt/Report on MacBride Principles
Vote for shareholder proposals to report on or implement the MacBride Principles.
VOTE FOR
Community Impact Assessment / Indigenous Peoples’ Rights
Vote for shareholder proposals to prepare reports on a company‘s environmental and health impact on communities.
VOTE FOR
Report on Risks of Outsourcing
Vote case by case shareholders proposals asking for companies to report on the risks associated with outsourcing or off-shoring.
REFER
Report on the Impact of Health Pandemics on Company Operations
Vote case by case shareholder proposals asking for companies to report on the impact of pandemics, such as
REFER
Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)
AGENDA ITEM
POLICY PROVISION POLICY POSITION VOTE INDICATIONS
HIV/AIDS, Malaria, and Tuberculosis, on their business strategies.
Operations in High Risk Markets
Reports on Operations in Burma/Myanmar
Vote for shareholder proposals to adopt labour standards in connection with involvement in Burma. Vote for shareholder proposals seeking reports on Burmese operations and reports on costs of continued involvement in the country. Vote for shareholder proposals to pull out of Burma on a case-by-case basis.
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 or investment in China.
REFER
Product Sales to Repressive Regimes
Vote case-by-case on shareholder proposals requesting that companies cease product sales to repressive regimes that can be used to violate human rights.
REFER
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 policies and procedures.
VOTE FOR
Disclosure on Plant Closings
Vote for shareholder proposals seeking greater disclosure on plant closing criteria if the company has not provided such information.
VOTE FOR
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
Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)
AGENDA ITEM
POLICY PROVISION POLICY POSITION VOTE INDICATIONS
Vote for shareholder proposals asking companies to report in accordance with the Global Reporting Initiative (GRI).
VOTE FOR
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 Gas Emissions
Vote for shareholder proposals seeking disclosure of liabilities or preparation of a report pertaining 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 and operations.
VOTE FOR
Vote for shareholder proposals seeking reports on responses to regulatory and public pressures surrounding climate change, and for disclosure of research that aided in setting company policies around climate change.
VOTE FOR
Vote for shareholder proposals requesting a report on greenhouse gas emissions from company operations and/or products and operations.
VOTE FOR
Invest in Clean/Renewable Energy
Vote for shareholder proposals seeking the preparation of a report on a company‘s activities related to the development of renewable energy sources.
VOTE FOR
Vote for shareholder proposals seeking increased investment in renewable energy sources unless the terms of the
VOTE FOR
Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)
AGENDA ITEM
POLICY PROVISION POLICY POSITION VOTE INDICATIONS
resolution are overly restrictive.
Energy Efficiency
Vote for shareholder proposals requesting a report on company energy efficiency policies and/or goals.
VOTE FOR
Operations in Protected/Sensitive Areas
Vote for requests for reports on potential environmental damage as a result of company operations in protected regions.
VOTE FOR
Vote for shareholder proposals asking companies to prepare a feasibility report or to adopt a policy not to mine, drill, or log in environmentally sensitive areas.
VOTE FOR
Vote for shareholder proposals seeking to prohibit or reduce the sale of products manufactured from materials extracted from environmentally sensitive areas such as old growth forests.
VOTE FOR
Phase Out Chlorine-Based Chemicals
Vote for shareholder proposals to prepare a report on the phase-out of chlorine bleaching in paper production.
VOTE FOR
Vote on a case-by-case basis on shareholder proposals asking companies to cease or phase-out the use of chlorine bleaching.
REFER
Land Procurement and Development
Vote Against shareholder proposals requesting that companies report on or adopt policies for land procurement and utilize the policies in their decision-making.
VOTE AGAINST
Report on the Sustainability of Concentrated Area Feeding Operations (CAFO)
Vote for requests that companies report on the sustainability and the environmental impacts of both company-owned and contract livestock operations.
VOTE FOR
Adopt a Comprehensive Recycling Policy
Vote for shareholder proposals requesting the preparation of a report on
VOTE FOR
Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)
AGENDA ITEM
POLICY PROVISION POLICY POSITION VOTE INDICATIONS
the company‘s recycling efforts.
Vote for shareholder proposals that ask companies to increase their recycling efforts or to adopt a formal recycling policy.
VOTE FOR
Facility Safety
Vote case by case on shareholder proposals requesting companies report on or implement procedures associated with their operations and/or facilities on a case-by-case basis.
REFER
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 GHG reduction targets of the Kyoto-compliant countries in which they operate.
VOTE FOR
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 the promotion and/or environmental clean-up of toxins.
VOTE FOR
Vote for shareholder proposals asking companies to report on the feasibility of removing, or substituting with safer
VOTE FOR
Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)
AGENDA ITEM
POLICY PROVISION POLICY POSITION VOTE INDICATIONS
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 policies and initiatives.
VOTE FOR
Generally vote for proposals requesting the study, adoption and/or implementation of consumer product safety programs in the company's supply chain.
VOTE FOR
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 Genetically Engineered Ingredients
Vote for shareholder proposals to label products that contain genetically engineered products or products from cloned animals.
VOTE FOR
Vote for shareholder proposals that ask the company to phase out the use of genetically engineered ingredients in their products.
VOTE FOR
Vote for shareholder proposals that ask the company to report on the use of genetically engineered organisms in their products.
VOTE FOR
Vote for shareholder proposals asking for reports on the financial, legal, and operational risks posed by the use of genetically engineered organisms.
VOTE FOR
Tobacco-related Proposals
Vote against shareholder proposals seeking to limit the sale of tobacco products to children.
VOTE AGAINST
Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)
AGENDA ITEM
POLICY PROVISION POLICY POSITION VOTE INDICATIONS
Vote against shareholder proposals asking producers of tobacco product components (such as filters, adhesives, flavourings, and paper products) to halt sales to tobacco companies.
VOTE AGAINST
Vote against shareholder proposals that ask restaurants to adopt smoke-free policies and that ask tobacco companies to support smoke-free legislation.
VOTE AGAINST
Vote case by case on shareholder proposals seeking a report on a tobacco company‘s advertising approach.
REFER
Vote against shareholder proposals at insurance companies to cease investment in tobacco companies.
VOTE AGAINST
Vote case by case on proposals at producers of cigarette components calling for a report outlining the risks and potential liabilities of the production of these components.
REFER
Vote against proposals calling for tobacco companies to cease the production of tobacco products.
VOTE AGAINST
Vote case by case on shareholder proposals asking companies to stop all advertising, marketing and sale of cigarettes using the terms "light," "ultra-light," "mild," and other similar words and/or colours.
REFER
Vote against shareholder proposals asking companies to increase health warnings on cigarette smoking. (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 REFER
Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)
AGENDA ITEM
POLICY PROVISION POLICY POSITION VOTE INDICATIONS
prepare a report on drug pricing.
Vote against shareholder proposals to adopt a formal policy on drug pricing.
VOTE AGAINST
Vote case by case on shareholder proposals that call on companies to develop a policy to provide affordable HIV, AIDS, TB and Malaria drugs in third-world nations.
REFER
Vote for proposals asking for reports on the economic effects and legal risks of limiting pharmaceutical products to Canada or certain wholesalers.
VOTE FOR
Vote against proposals requesting that companies adopt policies not to constrain prescription drug re-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 healthcare reform principles.
VOTE AGAINST
Vote 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.
REFER
Government and Military
Prepare Report to Renounce Future Landmine Production
Vote against shareholder proposals seeking a report on the renouncement of future landmine production.
VOTE AGAINST
Prepare 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 AGAINST
Depleted Uranium/Nuclear Weapons
Vote for shareholder proposals requesting a report on involvement, policies, and procedures related to depleted
VOTE FOR
Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)
AGENDA ITEM
POLICY PROVISION POLICY POSITION VOTE INDICATIONS
uranium (DU) and nuclear weapons.
Adopt Ethical Criteria for Weapons Contracts
Vote case by case on shareholder proposals asking companies to review and amend, if necessary, the company‘s code of conduct and statements of ethical criteria for military production-related contract bids, awards and execution.
REFER
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 AGAINST
Vote for shareholder proposals that ask companies to adopt or/and report on company animal welfare standards.
VOTE FOR
Vote for shareholder proposals asking companies to report on the operational costs and liabilities associated with selling animals.
VOTE FOR
Vote against shareholder proposals to eliminate cruel product testing methods.
VOTE AGAINST
Vote against shareholder proposals that seek to monitor, limit, report, or eliminate outsourcing animal testing to overseas laboratories.
VOTE AGAINST
Vote case by case shareholder proposals to publicly adopt or adhere to an animal welfare policy at both company and contracted laboratory levels.
REFER
Vote against shareholder proposals to evaluate, adopt or require suppliers to adopt CAK and/or CAS slaughter methods.
VOTE AGAINST
Political and Lobbying Efforts
Vote case by case shareholder proposals asking companies to
REFER
Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)
AGENDA ITEM
POLICY PROVISION POLICY POSITION VOTE INDICATIONS
Charitable Giving
review and report on how companies utilize lobbying efforts to challenge scientific research and governmental legislation.
Non-Partisanship/ Political Contributions
Vote case by case proposals calling for a company to disclose its political and trade association 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 limit political contributions.
VOTE AGAINST
Vote 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 AGAINST
Vote against shareholder proposals requesting that companies prohibit charitable contributions.
VOTE AGAINST
Disclosure on Prior Government Service
Vote against shareholder proposals calling for the disclosure of prior government service of the company‘s key executives.
VOTE AGAINST
Consumer Lending and Economic Development
Adopt Policy/Report on Predatory Lending Practices
Vote case by case on shareholder proposals seeking the development of a policy or preparation of a report to guard against predatory lending practices.
REFER
Disclosure on Credit in Developing Countries (LDCs) or Forgive LDC Debt
Vote case by case on shareholder proposals asking for disclosure on lending practices in developing 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 AGAINST
Vote case-by-case on shareholder proposals REFER
Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)
AGENDA ITEM
POLICY PROVISION POLICY POSITION VOTE INDICATIONS
asking for loan forgiveness at banks that have failed to make reasonable provisions for non-performing loans.
Vote 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 FOR
Miscellaneous 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.
REFER
Coffee Crisis
Vote case by case on shareholder proposals asking for reports on company policies related to the coffee crisis.
REFER
Anti-Social Proposals
Vote case by case on shareholder proposals that do not seek to ultimately advance the goals of the social investment community.
REFER
Vote case-by-case on anti-social shareholder proposals seeking a review or report on the company's charitable contributions.
REFER
Violence and Adult Themes in Video Games
Vote case by case on shareholder proposals asking for reports on company policies related to the sale of mature-rated video games to children and teens.
REFER
Annex C – Formats (i) Revised format for disclosure of vote cast by Mutual Funds - during an individual quarter
Details of Votes cast during the quarter ended __, of the Financial year __-__
Meeting
Date Company
Name Type of
meetings (AGM/EGM)
Proposal by Management
or Shareholder
Proposal's description
Investee company’s Management
Recommendation
Vote (For/ Against/ Abstain)
Reason supporting the vote decision
(ii) Revised format for disclosure of voting by Mutual Funds/AMCs during a financial year
Details of Votes cast during the Financial year __-__ Quarter Meeting
Date Company
Name Type of
meetings (AGM/EGM)
Proposal by Management
or Shareholder
Proposal's description
Investee company’s Management
Recommendation
Vote (For/ Against/ Abstain)
Reason supporting the vote decision
(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. ___-___
F.Y. Quarter Total no. of resolutions
Break-up of Vote decision
For Against Abstained
ANNEXURE – III
DISCLOSURE OF EXERCISE OF PROXY VOTES IN EQUITY HOLDINGS ACROSS ALL SCHEMES OF BARODA PIONEER MUTUAL FUND DURING THE FINANCIAL YEAR ENDED MARCH 31, 2017
Summary of Votes cast by Baroda Pioneer Mutual Fund during FY 2016-17
F.Y. Quarter Total no. of Resolutions
Break-up of Vote decision
For Against Abstained
2016-17 Apr-Jun, 2016 83 78 4 1 2016-17 Jul-Sep, 2016 533 511 20 2 2016-17 Oct-Dec, 2016 27 27 0 0 2016-17 Jan-Mar, 2017 27 25 1 1
Details of Votes cast during the financial year 2016-17
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Apr-Jun,2016 16-Apr-16 INGERSOLL RAND
INDIA LIMITED
PB
M
Changing the situation of registered office of the
Company
For
For
Internal Management
Apr-
Jun,2016
22-Apr-16
ICICI BANK
LIMITED
PB
M
Appointment of Mr. M.K. Sharma as Independent
Director
For
For
Rich academic and professional experience along
with industry exposure, which
will help the Board of the Bank, and functioning of the
Organisation.
Apr-
Jun,2016
22-Apr-16
ICICI BANK
LIMITED
PB
M
Appointment of Mr. M.K.
Sharma as Non-Executive Director
For
For
Rich academic and professional experience along
with industry
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
exposure, which will help the Board
of the Bank and functioning of the
Organisation.
Apr-
Jun,2016
22-Apr-16
ICICI BANK
LIMITED
PB
M
Appointment of Ms. Vishakha Mulye as Additional Director
For
For
Her academic knowledge and
diverse experience at the
Bank & Subsidiaries will
be an asset to the Board and
Organisation.
Apr-
Jun,2016
22-Apr-16
ICICI BANK
LIMITED
PB
M
Appointment of Ms.
Vishakha Mulye as Whole-Time Director
For
For
Her academic knowledge and
diverse experience at the
Bank & Subsidiaries will
be an asset to the Board and
Organisation.
Apr-
Jun,2016
22-Apr-16
ICICI BANK
LIMITED
PB
M
Amendment to the Employees Stock Option Scheme to align exercise period with the relevant
SEBI regulation
For
For
To comply with SEBI norms.
Apr-
Jun,2016
22-Apr-16
JET AIRWAYS INDIA LIMITED
CRT
M
Scheme of Merger between Jet Lite (India) Ltd and Jet
Airways (India) Ltd
For
For Merger scheme
Apr-Jun,2016 27-Apr-16 FAG BEARINGS
INDIA LIMITED
AGM
M Adoption of Accounts For For Regular course of
business
Apr-Jun,2016 27-Apr-16 FAG BEARINGS
INDIA LIMITED AGM M Declaration of Dividend For For Regular course of business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Apr-
Jun,2016
27-Apr-16
FAG BEARINGS INDIA LIMITED
AGM
M
Re-appointment of Mr.
Avinash Gandhi as Director
For
For
Attended all Board
Meetings. He is Chairman of the
Company.
Apr-
Jun,2016
27-Apr-16
FAG BEARINGS INDIA LIMITED
AGM
M
Re-appointment of Mr.
Dietmar Heinrich as Director
For
For
Attended all Board
Meetings.
Apr-
Jun,2016
27-Apr-16
FAG BEARINGS INDIA LIMITED
AGM
M
Appointment of M/s B S R &
Co LLP, Chartered Accountants as Auditors
For
For
Regular course of
business
Apr-
Jun,2016
27-Apr-16
FAG BEARINGS INDIA LIMITED
AGM
M
Enter into various related
party transactions
For
For
Transactions are being done on an arm’s length basis
Apr-
Jun,2016
27-Apr-16
FAG BEARINGS INDIA LIMITED
AGM
M
Payment of remuneration to
Cost Auditors
For
For
Regular course of
business
Apr-
Jun,2016
27-Apr-16
FAG BEARINGS INDIA LIMITED
AGM
M
Remuneration to Non-
Executive Director
For
For
In line with
Company Policy and Company Act
Apr-
Jun,2016
29-Apr-16
SANOFI INDIA
LIMITED
AGM
M
Adoption of Accounts
For
For
Regular course of
business
Apr-
Jun,2016
29-Apr-16
SANOFI INDIA
LIMITED
AGM
M
Confirmation of Dividend
For
For
Regular course of
business
Apr-
Jun,2016
29-Apr-16
SANOFI INDIA
LIMITED
AGM
M
Ratification of appointment
of M/s SRBC & Co, as Statutory Auditors
For
For
Regular course of
business
Apr-
Jun,2016
29-Apr-16
SANOFI INDIA
LIMITED
AGM
M
Approval of remuneration
payable to M/s. N I Mehta & Co, Cost Auditors
For
For
Regular course of
business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Apr-
Jun,2016
29-Apr-16
SANOFI INDIA
LIMITED
AGM
M
Appointment of Mr. J Silvestre, as Director
For
Against
Attended less than
75% Board Meetings
Apr-
Jun,2016
29-Apr-16
SANOFI INDIA
LIMITED
AGM
M
Re-appointment of and
remuneration payable to Dr S Ayyangar, as Managing
Director
For
For
Attended all Board
Meetings
Apr-
Jun,2016
29-Apr-16
SANOFI INDIA
LIMITED
AGM
M
Appointment of and
remuneration payable to Mr. N. Rajaram, as Whole-Time
Director
For
Against
Attended less than
75% Board Meetings
Apr-
Jun,2016
29-Apr-16
SANOFI INDIA
LIMITED
AGM
M
Appointment of and
remuneration payable to Mr. L. Guerin, as Whole-Time
Director
For
Against
Attended less than
75% Board Meetings
Apr-
Jun,2016
29-Apr-16
SANOFI INDIA
LIMITED
AGM
M
Appointment of and
remuneration payable to Mr. A. Sood, as Whole-Time
Director
For
Against
Attended less than
75% Board meetings
Apr-
Jun,2016
29-Apr-16
SANOFI INDIA
LIMITED
AGM
M
Appointment of Mr. Aditya Narayan as Independent
Director
For
For
He is a Master of
Science, University of
Rochester, USA. He has rich
experience in the industry of over 40 years. He has also
served as an Independent Director on a
number of Boards.
Apr-
Jun,2016
29-Apr-16
SANOFI INDIA
LIMITED
AGM
M
Appointment of Ms. Usha
Thorat as Independent Director
For
For
Ex RBI Deputy Governor. Her
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
experience will help the Company
Apr-
Jun,2016
29-Apr-16
SANOFI INDIA
LIMITED
AGM
M
Adoption of new set of AOA
For
For
Adopt new set of AoA to conform with Companies
Act 2013
Apr-
Jun,2016
29-Apr-16
SANOFI INDIA
LIMITED
AGM
M
Enter into various related
party transactions with Loan to Shantha Biotechnics Pvt
Ltd
For
For
Transactions are being done on an arm’s length basis
Apr-
Jun,2016
29-Apr-16
TORRENT
PHARMACEUTICALS LIMITED
PB
M
Equity shares including
Convertible Bonds / Debentures through Qualified Institutional
Placement (QIP) and / or Depository Receipts or any other modes for an amount
not exceeding Rs. 3,000 crores: and
For
For
Business purpose
Apr-
Jun,2016
29-Apr-16
TORRENT
PHARMACEUTICALS LIMITED
PB
M
Unsecured / Secured
Redeemable Non-Convertible Debentures / Bonds by way of Private Placement for an amount not exceeding Rs. 7,500
crores, subject to the overall borrowing limits of Rs.
10,000 crores.
For
For
Business purpose
Apr-
Jun,2016
24-May-16
ASIAN PAINTS
LIMITED
PB
M
Change of place of keeping and inspection of register and index of members,
returns, etc.
For
For
Internal
Management
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Apr-
Jun,2016
4-Jun-16
BRITANNIA
INDUSTRIES LIMITED
CRT
M
For considering the
proposed Scheme of Arrangement between Daily
Bread Gourmet Foods (India) Private Limited and Britannia Industries Limited
and their respective shareholders and creditors.
For
For
Scheme of
Arrangement for business purposes
Apr-
Jun,2016
6-Jun-16
BHARAT FIN INCLUSION
LIMITED
PB
M
Approval for change of the Company' s existing name SKS Microfinance Ltd to
Bharat Financial Inclusion
Ltd and consequent alterations in the MOA and
AOA
For
For
Internal
Management
Apr-
Jun,2016
7-Jun-16
YES BANK LIMITED
AGM
M
Adoption of standalone and
consolidated financial statement for the year ended
March 31, 2016
For
For
Regular course of
business
Apr-
Jun,2016
7-Jun-16
YES BANK LIMITED
AGM
M
Approval of dividend on
equity shares
For
For
Regular course of
business
Apr-
Jun,2016
7-Jun-16
YES BANK LIMITED
AGM
M
Appoint a Director in place
of Mr. M.R. Srinivasan (DIN: 00056617), who retires by rotation and being eligible,
offers himself for re-appointment.
For
For
Attended all Board
Meeting
Apr-
Jun,2016
7-Jun-16
YES BANK LIMITED
AGM
M
Appointment of M/s. B. S. R.
& Co. LLP., Chartered Accountants as Auditors and
fixation of remuneration thereof
For
For
Regular course of
business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Apr-
Jun,2016
7-Jun-16
YES BANK LIMITED
AGM
M
Approval for appointment of
Mr. Ajai Kumar (DIN- 02446976) as a Director, liable to retire by rotation
For
For
He has a
distinguished career in the
banking industry having more than 40 years holding
position of CMD in Corporation Bank, ED in UCO Bank
and GM in Bank of Baroda.
Apr-
Jun,2016
7-Jun-16
YES BANK LIMITED
AGM
M
Approval for appointment of
Mr. Ashok Chawla (DIN- 00056133) as an
Independent Director
For
For
He is the ex-
Charmain of CCI (Competition
Commission of India). He is an IAS of 1973 and having more than
40 years of experience in
various sectors of the economy in
India.
Apr-
Jun,2016
7-Jun-16
YES BANK LIMITED
AGM
M
Approval for revision in the remuneration of Mr. Radha
Singh (DIN - 02227854), Non-Executive Part-Time
Chairperson of the Bank, in terms of the RBI approval, effective from November 1,
2015.
For
For
In line with
Companies Act and approved by
RBI
Apr-
Jun,2016
7-Jun-16
YES BANK LIMITED
AGM
M
Payment of profit based
commission to Non-Executive Directors except Non-Executive Chairperson
For
For
In line with
company act
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Apr-
Jun,2016
7-Jun-16
YES BANK LIMITED
AGM
M
Approval for raising of
capital up to US$ 1 billion by issue of shares or
convertible securities in one or more tranches provided however that the aggregate
amount raised shall not result in increase of the issued and subscribed
equity share capital of the Bank by more than 15% of
the then issued and subscribed equity shares of
the Bank
For
For
To meet Fund requirement
Apr-
Jun,2016
7-Jun-16
YES BANK LIMITED
AGM
M
Approval for borrowing / raising funds in Indian /
foreign currency by issue of debt securities up to Rs.10,000 Crore (the
“NCDs”) to eligible investors on private placement basis
For
For
To meet Fund requirement
Apr-
Jun,2016
17-Jun-16
TATA
CONSULTANCY SERVICES LIMITED
AGM
M
Adoption of Accounts
For
For
Regular course of
business
Apr-
Jun,2016
17-Jun-16
TATA
CONSULTANCY SERVICES LIMITED
AGM
M
Declaration of Dividend
For
For
Regular course of
business
Apr-
Jun,2016
17-Jun-16
TATA
CONSULTANCY SERVICES LIMITED
AGM
M
Re appointment of Mr.
.Ishaat Hussain as Director
For
For
Attended more
than 75% Board Meetings,
Apr-
Jun,2016
17-Jun-16
TATA
CONSULTANCY
AGM
M
For
For
Regular course of
business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
SERVICES LIMITED
Appointment of M/s Deloitte Haskins & Sells, Chartered
Accountants as Auditors
Apr-
Jun,2016
17-Jun-16
TATA
CONSULTANCY SERVICES LIMITED
AGM
M
Appointment of Branch
Auditors
For
For
Regular course of
business
Apr-
Jun,2016
21-Jun-16
JAGRAN
PRAKASHAN LIMITED
PB
M
Scheme of Arrangement, between Jagran Prakash Ltd and Crystal Sound &
Music Pvt Ltd and Spectrum Broadcast Holdings Pvt Ltd and Shri Puran Multimedia Ltd and Music Broadcast Ltd and their respective
shareholders and creditors
For
For
Scheme of
Arrangement for business purposes
Apr-
Jun,2016
22-Jun-16
KANSAI NEROLAC PAINTS LIMITED
AGM
M
Adoption of Accounts
For
For
Regular course of
business
Apr-
Jun,2016
22-Jun-16
KANSAI NEROLAC PAINTS LIMITED
AGM
M
Declaration of Dividend
For
For
Regular course of
business
Apr-
Jun,2016
22-Jun-16
KANSAI NEROLAC PAINTS LIMITED
AGM
M
Re appointment of Mr. P.D.
Chaudhari as Director
For
For
Attended all Board
Meetings
Apr-
Jun,2016
22-Jun-16
KANSAI NEROLAC PAINTS LIMITED
AGM
M
Re appointment of Mr. M.Tanaka as Director
For
For
Attended more
than 75% Board meetings
Apr-
Jun,2016
22-Jun-16
KANSAI NEROLAC PAINTS LIMITED
AGM
M
Appointment of M/s. B S R & Co, Chartered Accountants
as Auditors
For
For
Regular course of
business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Apr-Jun,2016
22-Jun-16
KANSAI NEROLAC PAINTS LIMITED
AGM
M
Maintenance of Register of Members and other related
books at the place other than Registered Office
For
For
Regular course of
business
Apr-
Jun,2016
25-Jun-16
D.B.
CORPORATION LIMITED
PB
M
Increase in Foreign
Shareholding including but not limited to Foreign
Institutional Investors (FIIs), Non Resident Indians
(NRIs), Foreign Portfolio Investors (FPIs) and
Qualified Foreign Investors (QFIs) from existing 20% up
to an aggregate limit of 26% of the paid up equity
shares capital.
For
For
Increase in FII
limit
Apr-
Jun,2016
27-Jun-16
ITC LIMITED
PB
M
Increase in Authorised
Share Capital
For
For
Business purpose
Apr-
Jun,2016
27-Jun-16
ITC LIMITED
PB
M
Amendment to Article 4 of the Articles of Association
For
For
Internal
Management
Apr-
Jun,2016
27-Jun-16
ITC LIMITED
PB
M
Issue of Bonus Shares in the proportion of 1 Bonus Share
of Re. 1 each for every existing 2 fully paid up
Ordinary Shares of Re. 1 each
For
For
Rewards to share
holder
Apr-
Jun,2016
28-Jun-16
HINDUSTAN ZINC
LIMITED
AGM
M
Adoption of Accounts
For
For
Normal Business
Apr-
Jun,2016
28-Jun-16
HINDUSTAN ZINC
LIMITED
AGM
M
Declaration of Dividend
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Apr-
Jun,2016
28-Jun-16
HINDUSTAN ZINC
LIMITED
AGM
M
Re appointment of Mr.
Sujata Prasad as Director
For
For
Attended 75%
Board Meetings. Nominee of Govt
of India.
Apr-
Jun,2016
28-Jun-16
HINDUSTAN ZINC
LIMITED
AGM
M
Appointment of M/s. S R
Batliboi & Co LLP, Chartered Accountants as
Auditors
For
For
Normal Business
Apr-
Jun,2016
28-Jun-16
HINDUSTAN ZINC
LIMITED
AGM
M
Payment of remuneration to Cost Auditors M s K G Goyal
& Company, Cost Accountant
For
For
Normal Business
Apr-
Jun,2016
28-Jun-16
HINDUSTAN ZINC
LIMITED
AGM
M
Appointment of Mr. Sudhir
Kumar as Independent Director
For
For
He has held
senior positions in different Ministries
and Dept of Central
Government. He holds Masters in
Science with specialisation in
Physics.
Apr-
Jun,2016
28-Jun-16
HINDUSTAN ZINC
LIMITED
AGM
M
Appointment of Mr. Akhilesh
Joshi as Whole time Director
For
For
Attended all Board
Meetings
Apr-
Jun,2016
28-Jun-16
HINDUSTAN ZINC
LIMITED
AGM
M
Appointment of Mr. Sunil
Duggal as Chief Executive Officer & Whole time
Director
For
For
Attended all Board
Meetings
Apr-
Jun,2016
30-Jun-16
HINDUSTAN UNILEVER LIMITED
AGM
M
Adoption of Financial
Statements and Reports thereon for the financial year
ended 31st March, 2016
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Apr-
Jun,2016
30-Jun-16
HINDUSTAN UNILEVER LIMITED
AGM
M
Confirmation of interim
dividend and declaration of final dividend
For
For
Normal Business
Apr-
Jun,2016
30-Jun-16
HINDUSTAN UNILEVER LIMITED
AGM
M
Re-appointment of Mr.
Harish Manwani as Director
For
For
Attended all Board
Meetings
Apr-
Jun,2016
30-Jun-16
HINDUSTAN UNILEVER LIMITED
AGM
M
Re-appointment of Mr. Pradeep Banerjee as
Director
For
For
Attended more than 75% of the Board Meetings
Apr-
Jun,2016
30-Jun-16
HINDUSTAN UNILEVER LIMITED
AGM
M
Re-appointment of Mr. P.B.
Balaji as Director
For
For
Regular course of
business
Apr-
Jun,2016
30-Jun-16
HINDUSTAN UNILEVER LIMITED
AGM
M
Ratification of the
appointment of M/s. B S R & Co. LLP, Statutory Auditors
and to fix their remuneration for the
financial year ending 31st March, 2017
For
For
Regular course of
business
Apr-
Jun,2016
30-Jun-16
HINDUSTAN UNILEVER LIMITED
AGM
M
Ratification of the
remuneration of M/s. RA & Co, Cost Accountants for the
financial year ending 31st March, 2017
For
For
Regular course of
business
Apr-
Jun,2016
30-Jun-16
HINDUSTAN UNILEVER LIMITED
CRT
M
To consider, and if thought
fit, approving, with or without modification(s), the
proposed arrangement embodied in the Scheme of
Arrangement amongst Hindustan Unilever Limited
and its Members to reclassify and transfer the
amounts lying to the credit of
For
For
Rewards to Share
Holders
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
General Reserves to the ‘Profit and Loss Account’, in
accordance with the Scheme
Apr-
Jun,2016
30-Jun-16
SOLAR
INDUSTRIES INDIA LIMITED
PB
M
Sub Division of Equity
Shares
For
For
To improve
liquidity
Apr-
Jun,2016
30-Jun-16
SOLAR
INDUSTRIES INDIA LIMITED
PB
M
Alteration of Capital Clause
V of MOA
For
For
Internal
Management
Apr-
Jun,2016
30-Jun-16
SOLAR
INDUSTRIES INDIA LIMITED
PB
M
Re appointment of Shri Satyanarayan Nuwal as Chairman & Executive
Director
For
For
Having rich and
varied experience in the industry
Apr-
Jun,2016
30-Jun-16
SOLAR
INDUSTRIES INDIA LIMITED
PB
M
Re appointment of Shri
Kailashchandra Nuwal as Vice Chairman & Executive
Director
For
For
Having rich and
varied experience in the industry
Apr-
Jun,2016
30-Jun-16
SOLAR
INDUSTRIES INDIA LIMITED
PB
M
Appointment of Shri Manish
Nuwal as Managing Director
For
For
Having rich and
varied experience in the industry
Apr-
Jun,2016
30-Jun-16
SOLAR
INDUSTRIES INDIA LIMITED
PB
M
Remuneration of Shri Roomie Dara Vakil Executive Director
For
For
In line with
industry and company act
Apr-
Jun,2016
30-Jun-16
SOLAR
INDUSTRIES INDIA LIMITED
PB
M
Remuneration of Shri Anil
Kumar Jain Executive Director
For
For
In line with
industry and company act
Apr-
Jun,2016
30-Jun-16
STATE BANK OF
INDIA
AGM
M
Adoption of Accounts
For
Abstain
Due to technical
reason
Jul-
Sep,2016
5-Jul-16
PFIZER LIMITED
AGM
M
To consider and adopt the
Audited Financial
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Statements of the Company for the financial year ended
March 31, 2016 together with the Reports of the Board of Directors and
Auditors thereon.
Jul-
Sep,2016
5-Jul-16
PFIZER LIMITED
AGM
M
To declare a dividend of Rs.
15.00 (150%) per equity share for the financial year
ended March 31, 2016.
For
For
Normal Business
Jul-
Sep,2016
5-Jul-16
PFIZER LIMITED
AGM
M
To appoint a Director in
place of Mr. Vivek Dhariwal who retires by rotation and being eligible offers himself
for re-appointment.
For
For
Attended all Board
Meetings
Jul-
Sep,2016
5-Jul-16
PFIZER LIMITED
AGM
M
To ratify the appointment of Messrs. B S R & Co. LLP, Chartered Accountants as Statutory Auditors of the
Company for the financial year ending March 31, 2017.
For
For
Regular course of
business
Jul-
Sep,2016
5-Jul-16
PFIZER LIMITED
AGM
M
To consider and appoint Mr. S. Sridhar as the Managing Director of the Company for a period of 5 years effective
March 18, 2016.
For
For
Attended more than 75% of the Board Meetings
Jul-
Sep,2016
5-Jul-16
PFIZER LIMITED
AGM
M
To consider and appoint Ms. Lu Hong as a Director of the Company, liable to retire by
rotation.
For
Against
No Board Meeting
attended
Jul-
Sep,2016
5-Jul-16
PFIZER LIMITED
AGM
M
To consider and re-appoint Mr. Aijaz Tobaccowalla as
the Managing Director of the Company from August 16,
For
For
Attended all Board
Meetings
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
2015 to close of business on October 16, 2015.
Jul-
Sep,2016
5-Jul-16
PFIZER LIMITED
AGM
M
To consider and ratify the remuneration payable to Messrs. RA & Co., Cost
Accountants for the financial year ending March 31, 2017.
For
For
Regular course of
business
Jul-
Sep,2016
5-Jul-16
PFIZER LIMITED
AGM
M
To consider and approve transactions with Pfizer
Service Company BVBA, Belgium, a Related Party for an amount not exceeding in aggregate Rs. 1,000 Crores
in each financial year
For
For
Transactions are being done on an arm’s length basis
Jul-
Sep,2016
5-Jul-16
PFIZER LIMITED
AGM
M
To consider and approve transactions with Pfizer
Innovative Supply Point Intl BVBA, Belgium, a Related
Party for an amount not exceeding in aggregate Rs.
1,000 Crores in each financial year
For
For
Transactions are being done on an arm’s length basis
Jul-
Sep,2016
10-Jul-16
BERGER PAINTS
INDIA LIMITED
PB
M
Issue of bonus shares in the proportion of 2 equity shares of Re 1 each for every 5 fully paid up equity shares of Re
1 each held
For
For
Way to reward the
Shareholders
Jul-
Sep,2016
10-Jul-16
BERGER PAINTS
INDIA LIMITED
PB
M
Increase in the Authorised
Share Capital of the Company to Rs. 110 crores
divided into 110 crores equity shares of Re 1 each from Rs. 75 crores divided
into 75 crores equity shares of Re 1 each
For
For
Business
requirement
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
10-Jul-16
BERGER PAINTS
INDIA LIMITED
PB
M
Amend the Clause V of the
of Memorandum of Association
For
For
In sync with the
increase in Authorised capital
Jul-
Sep,2016
10-Jul-16
BERGER PAINTS
INDIA LIMITED
PB
M
Amend the Article 3 of the
Articles of Association
For
For
In sync with the
increase in Authorised capital
Jul-
Sep,2016
11-Jul-16
ICICI BANK
LIMITED
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
11-Jul-16
ICICI BANK
LIMITED
AGM
M
Declaration of Dividend on
preference shares
For
For
Normal Business
Jul-
Sep,2016
11-Jul-16
ICICI BANK
LIMITED
AGM
M
Declaration of Dividend on
Equity shares
For
For
Normal Business
Jul-
Sep,2016
11-Jul-16
ICICI BANK
LIMITED
AGM
M
Re appointment of Mr. Rajiv
Sabharwal as Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
11-Jul-16
ICICI BANK
LIMITED
AGM
M
Re appointment of Mr. N. S
Kannan as Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
11-Jul-16
ICICI BANK
LIMITED
AGM
M
Appointment of M/s. B S R &
Co LLP, Chartered Accountants as Auditors
For
For
Regular course of
business
Jul-
Sep,2016
11-Jul-16
ICICI BANK
LIMITED
AGM
M
Appointment of Branch
Auditors
For
For
Regular course of
business
Jul-
Sep,2016
11-Jul-16
ICICI BANK
LIMITED
AGM
M
Appointment of Mr. Vijay
Chandok as Director
For
For
He is with the bank since 22 years. He is a
Master in Management
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Studies from NMIMS. He is B
Tech from Banaras Hindu
University.
Jul-
Sep,2016
11-Jul-16
ICICI BANK
LIMITED
AGM
M
Appointment of Mr. Vijay Chandok as Whole time
Director
For
For
He is with the Bank since 22 years. He is a
Master in Management Studies from
NMIMS. He is B Tech from
Banaras Hindu University.
Jul-
Sep,2016
11-Jul-16
ICICI BANK
LIMITED
AGM
M
Payment of profit linked
commission of Rs. 10,00,000 each p.a. to Non-
Executive Director
For
For
In line with
industry and subject to RBI
approval
Jul-
Sep,2016
11-Jul-16
ICICI BANK
LIMITED
AGM
M
Private placement of
securities under Section 42 of the Companies Act 2013
For
For
Fund requirement
for growth of business
Jul-
Sep,2016
12-Jul-16
NATIONAL
ALUMINUM CO LIMITED
PB
M
Approved the alteration of
articles of association of the Company to empower the Company to buy back its
shares
For
For
Investor Friendly
measure
Jul-
Sep,2016
12-Jul-16
NATIONAL
ALUMINUM CO LIMITED
PB
M
Approved the proposal to buyback of not exceeding
644309628 Sixty Four Crore Forty Three Lakh Nine
Thousand Six Hundred and Twenty Eight equity shares
of the Company
For
For
Investor Friendly
measure
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
19-Jul-16
BHARAT
FINANCIAL INCLUSION
LIMITED
PB
M
Enhancement of the
borrowing limit to Rs. 12500 crore
For
For
Business
requirement
Jul-
Sep,2016
19-Jul-16
BHARAT
FINANCIAL INCLUSION
LIMITED
PB
M
Creation of Charge on the Company’s movable and immovable properties to
secure borrowings
For For
Business
requirement
Jul-
Sep,2016
19-Jul-16
BHARAT
FINANCIAL INCLUSION
LIMITED
PB
M
Issue and allotment of Non-Convertible Debentures and
other debt securities on private placement basis
For For
Business
requirement
Jul-
Sep,2016
19-Jul-16
ULTRATECH
CEMENTLIMITED
AGM M
Adoption of the Audited Financial Statements
(including audited consolidated financial
statements) for the financial year ended 31st March, 2016, the Report of the Board of Directors and
Auditors thereon.
For For
Normal Business
Jul-
Sep,2016
19-Jul-16
ULTRATECH
CEMENTLIMITED
AGM
M
Declaration of Dividend. For
For
Normal Business
Jul-
Sep,2016
19-Jul-16
ULTRATECH
CEMENTLIMITED
AGM
M
Re-appointment of Mr. s. Rajashree Birla, Director
retiring by rotation. For
Against
Attended less than
75% Board Meetings
Jul-
Sep,2016
19-Jul-16
ULTRATECH
CEMENTLIMITED
AGM
M
Appointment of Khimji
Kunverji & Co., Chartered Accountants, Mumbai as
joint statutory auditors of the Company.
For For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
19-Jul-16
ULTRATECH
CEMENTLIMITED
AGM
M
Ratification of appointment
of M/s. BSR & Co. LLP, Chartered Accountants,
Mumbai as joint statutory auditors of the Company.
For
For
Normal Business
Jul-
Sep,2016
19-Jul-16
ULTRATECH
CEMENTLIMITED
AGM
M
Ratification of the
remuneration of the Cost Auditors viz. M/s. N. I. Mehta
& Co., Cost Accountants, Mumbai and M/s. N. D. Birla
& Co., Cost Accountants, Ahmedabad for the financial
year ending 31st March, 2017.
For
For
Normal Business
Jul-
Sep,2016
19-Jul-16
ULTRATECH
CEMENTLIMITED
AGM
M
Appointment of Ms. Alka Marzban Bharucha as a Director of the Company.
For
For
She joined
Amarchand & Mangaldas as a
Partner in 1992. In 2008, she co-
founded Bharucha & Partners, since
inception has been ranked by
RSG Consulting, London among the top fifteen firms in India
Jul-
Sep,2016
19-Jul-16
ULTRATECH
CEMENTLIMITED
AGM
M
Appointment of Mr. Krishna Kishore Maheshwari as a Director of the Company.
For
For
He is a Chartered Accountant with over 38 years’ experience, of
which over three decades with Aditya Birla
Group.
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
19-Jul-16
ULTRATECH
CEMENTLIMITED
AGM
M
Appointment and
remuneration of Mr. Krishna Kishore Maheshwari as the
Managing Director of the Company.
For
For
He is a Chartered Accountant with over 38 years’ experience, of
which over three decades with Aditya Birla
Group.
Jul-
Sep,2016
19-Jul-16
ULTRATECH
CEMENTLIMITED
AGM
M
Appointment of Mr. Atul
Daga as a Director of the Company.
For
For
He is a Chartered Accountant with over 29 years’ experience, of which over two decades with Aditya Birla
Group.
Jul-
Sep,2016
19-Jul-16
ULTRATECH
CEMENTLIMITED
AGM
M
Appointment and
remuneration of Mr. Atul Daga as the Whole-time
Director and Chief Financial Officer of the Company.
For
For
He is a Chartered Accountant with over 29 years’ experience, of which over two decades with Aditya Birla
Group.
Jul-
Sep,2016
19-Jul-16
ULTRATECH
CEMENTLIMITED
AGM
M
Issue of Non-Convertible
Redeemable Debentures on private placement basis up to an amount of Rs. 9,000
crores.
For
For
Business
requirement
Jul-
Sep,2016
19-Jul-16
ULTRATECH
CEMENTLIMITED
AGM
M
Increase in borrowing limits
of the Company.
For
For
Business
requirement
Jul-
Sep,2016
19-Jul-16
ULTRATECH
CEMENTLIMITED
AGM
M
Creation of security on the properties of the Company, both present and future, in
favour of lenders.
For
For
Business
requirement
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
19-Jul-16
ULTRATECH
CEMENTLIMITED
AGM
M
Increase in limits for
investment in the equity share capital of the
Company by Registered Foreign Portfolio Investors
including Foreign Institutional Investors from
24% to 30%.
For
For
To improve
liquidity.
Jul-
Sep,2016
20-Jul-16
BAJAJ CORP
LIMITED
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
20-Jul-16
BAJAJ CORP
LIMITED
AGM
M
Confirm the Interim Dividend of 11.50 per Equity Shares
declared on 147500000 Equity Shares of face value of Re. 1 each already paid
for the Financial Year ended 31 03 2016
For
For
Normal Business
Jul-
Sep,2016
20-Jul-16
BAJAJ CORP
LIMITED
AGM
M
Re Appointment of Mr.
Kushagra Nayan Bajaj as Director
For
Against
Attended less than
75% of Board Meetings
Jul-
Sep,2016
20-Jul-16
BAJAJ CORP
LIMITED
AGM
M
Appointment of M/s. R S
Dani & Co, Chartered Accountants as Auditors
For
For
Regular course of
business
Jul-
Sep,2016
20-Jul-16
BAJAJ CORP
LIMITED
AGM
M
Appointment of and payment
of remuneration to Mr. Sumit Malhotra as Managing Director
For
F
Attended all Board
Meetings. Remuneration was in line with
industry standards
Jul-
Sep,2016
20-Jul-16
BAJAJ CORP
LIMITED
AGM
M
Offer, issue and allot
securities aggregating to an amount up to Rs. 1,000
crore
For
For
Business
requirement
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
21-Jul-16
BHARAT
FINANCIAL INCLUSION
LIMITED
AGM
M
To receive, consider and
adopt the financial statements of the Company for the financial year ended
March 31, 2016 together with the Reports of the Directors and Auditors
thereon.
For
For
Normal Business
Jul-
Sep,2016
21-Jul-16
BHARAT
FINANCIAL INCLUSION
LIMITED
AGM
M
To appoint a Director in
place of Mr. Paresh D. Patel [DIN: 01689226], who retires
by rotation at this Annual General Meeting and, being eligible, offered himself for
re-appointment.
For
Against
Attended less than 75% of Board
Meeting
Jul-
Sep,2016
21-Jul-16
BHARAT
FINANCIAL INCLUSION
LIMITED
AGM
M
To ratify the appointment of
S.R. Batliboi & Co. LLP, Chartered Accountants (ICAI
Firm’s Registration No. 301003E) as the Statutory Auditors of the company.
For
For Normal Business
Jul-
Sep,2016
21-Jul-16
BHARAT
FINANCIAL INCLUSION
LIMITED
AGM
M
To appoint Mr. Rajender
Mohan Malla (DIN: 00136657) as an
Independent Director of the Company
For
Abstain
Full Information
not available
Jul-
Sep,2016
21-Jul-16
BHARAT
FINANCIAL INCLUSION
LIMITED
AGM
M
To approve revision in the
remuneration payable to Mr. M. Ramachandra Rao (DIN:
03276291), Managing Director & Chief Executive
Officer (CEO) of the Company
For
For
In line with the
industry considering the performance of the Company
Jul-
Sep,2016
21-Jul-16
BHARAT
FINANCIAL
AGM
M
To approve infusion of
capital up to Rs. 750 Crore.
For
For
Business
requirement
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
INCLUSION LIMITED
Jul-
Sep,2016
21-Jul-16
BHARAT
FINANCIAL INCLUSION
LIMITED
AGM
M
To approve increase in
Authorized Share Capital of the Company from Rs.155
crore to Rs.170 crore
For
For
Business
requirement
Jul-
Sep,2016
21-Jul-16
HDFC BANK
LIMITED
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
21-Jul-16
HDFC BANK
LIMITED
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
21-Jul-16
HDFC BANK
LIMITED
AGM
M
Re appointment of Mr. Keki
Mistry as Director
For
For
Under his
leadership, the Company has
grown.
Jul-
Sep,2016
21-Jul-16
HDFC BANK
LIMITED
AGM
M
Re appointment of Mr. S. Renu Karnad as Director
For
For
Attended 5 Board Meetings out of 7
Jul-
Sep,2016
21-Jul-16
HDFC BANK
LIMITED
AGM
M
Appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants as Auditors
For
For
Normal Business
Jul-
Sep,2016
21-Jul-16
HDFC BANK
LIMITED
AGM
M
Appointment of Mr. Umesh
Chandra Sarangi as Independent Director
For
For
She has 35 years of experience in
IAS. She was also the Chairman of
NABARD.
Jul-
Sep,2016
21-Jul-16
HDFC BANK
LIMITED
AGM
M
Enter into various related
party transactions with Housing Development
Finance Corporation Ltd
For
For
Transactions are being done in the ordinary course of
business of the
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Bank and on an arm's length basis
Jul-
Sep,2016
21-Jul-16
HDFC BANK
LIMITED
AGM
M
Enter into various related
party transactions with HDB Financial Services Ltd
For
For
Transactions are being done in the ordinary course of
business of the Bank and on an
arm's length basis
Jul-
Sep,2016
21-Jul-16
HDFC BANK
LIMITED
AGM
M
Appointment of Mr. Paresh
Sukthankar Deputy as Managing Director
For
For
He is associated
with the Bank since 1994.
Jul-
Sep,2016
21-Jul-16
HDFC BANK
LIMITED
AGM
M
Remuneration of Non-
Executive Director including Independent Director except
for part time Chairman
For
For
In line with
industry standards and law.
Jul-
Sep,2016
21-Jul-16
HDFC BANK
LIMITED
AGM
M
Increase in Authorised
Share Capital
For
For
Business
requirement
Jul-
Sep,2016
21-Jul-16
HDFC BANK
LIMITED
AGM
M
Alteration of MOA
For
For
Internal
Management
Jul-
Sep,2016
21-Jul-16
HDFC BANK
LIMITED
AGM
M
Issue Perpetual Debt
Instruments (part of Addition l Tier I capital), Tier II Capital
Bonds and Senior Long Term Infrastructure Bonds
on private placement basis
For
For
Business
requirement
Jul-
Sep,2016
21-Jul-16
HDFC BANK
LIMITED
AGM
M
Grant, offer, issue and
allot, in one or more tranches, to such present
and future officers and employees, whether working
in India or outside India ,
For
For
Incentive scheme
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
which expression shall include the Managing
Director and Whole time Director of Bank as may be
decided by the Board, 10,00,00,000 equity stock options, Convertible into
10,00,00,000 equity share of the nominal face value not exceeding Rs. 2 per equity
share under employee
stock options plan
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Re appointment of Shri
V.Srinivasan as Director
For
For
He attended all Board meetings.
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Appointment of M/s. S R
Batliboi & Co LLP, Chartered Accountants as
Auditors
For
For
Normal Business
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Appointment of Shri Rakesh
Makhija as Additional Director
For
For
He attended all Board meetings during his tenure
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Appointment of Smt. Ketaki
Bhagwati as Additional Director
For
For
He attended all Board meetings during his tenure
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Appointment of Shri B. Babu
Rao as Non-Executive Director
For
For
He attended all Board meetings during his tenure
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Appointment of Smt. Shikha
Sharma as Managing Director
For
For
She is MD & CEO. She attended all Board meetings.
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Re appointment of Shri V. Srinivasan as Whole Time
Director
For
For
He attended all Board meetings.
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Revision in the remuneration
payable to Shri V. Srinivasan as Whole Time
Director
For
For
He attended all Board meetings.
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Appointment of Dr. Sanjiv
Misra as Independent Director
For
For
He attended all
Board meetings. He is the Nominee
of SUUTI
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Appointment of Dr. Sanjiv Misra as Non-Executive
Chairman
For
For
He attended all
Board meetings. He is the Nominee
of SUUTI
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Appointment of Shri Rajiv
Anand as Director
For
For
He is CA having over 25 years of
experience in Financial
Services. He has held key
management positions at
leading global financial
institutions.
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Appointment of Shri Rajiv
Anand as Whole time Director
For
For
He is CA having over 25 years of
experience in Financial
Services. He has
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
held key management positions at
leading global financial
institutions.
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Appointment of Shri Rajesh
Dahiya as Director
For
For
He has an
experience over 25 years and he is
with the Bank since June 2010
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Appointment of Shri Rajesh
Dahiya as Whole time Director
For
For
He has an
experience of over 25 years and he is
with the Bank since June 2010
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Payment of profit related commission to the Non-Executive Director of the
Bank
For
For
In line with
industry standards and law.
Jul-
Sep,2016
22-Jul-16
AXIS BANK
LIMITED
AGM
M
Borrowing, Raising Fund in
India Currency, Foreign Currency by issue of Debt
Instruments including but not limited to bonds, Green
bonds and Non-Convertible Debentures for an amount of up to Rs. 35,000 Crore
For
For
Business
requirement
Jul-
Sep,2016
22-Jul-16
ITC LIMITED
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
22-Jul-16
ITC LIMITED
AGM
M
Declaration of Dividend
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
22-Jul-16
ITC LIMITED
AGM
M
Re appointment of Mr.
Nakul Anand as Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
22-Jul-16
ITC LIMITED
AGM
M
Appointment of M/s Deloitte Haskins & Sells, Chartered Accountants as Auditors
For
For
Normal Business
Jul-
Sep,2016
22-Jul-16
ITC LIMITED
AGM
M
Appointment of Mr. Sanjiv
Puri as Whole time Director
For
For
He attended meetings during
his tenure
Jul-
Sep,2016
22-Jul-16
ITC LIMITED
AGM
M
Appointment of Mr. Rajiv
Tandon as Director
For
For
He attended meetings during
his tenure
Jul-
Sep,2016
22-Jul-16
ITC LIMITED
AGM
M
Appointment of Mr. Nirupama Rao as
Independent Director
For
For
She is a 1973 batch IAS officer. Her experience in different countries
will help the Company.
Jul-
Sep,2016
22-Jul-16
ITC LIMITED
AGM
M
Appointment of Mr. Yogesh
Chander Deveshwar as Non-Executive Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
22-Jul-16
ITC LIMITED
AGM
M
Remuneration payable to the Whole time Director
For
For
In line with the
industry standards and law.
Jul-
Sep,2016
22-Jul-16
ITC LIMITED
AGM
M
Payment of remuneration to
Non-Executive Director
For
For
In line with the
industry’s standards and
law.
Jul-
Sep,2016
22-Jul-16
ITC LIMITED
AGM
M
Payment of remuneration to Cost Auditors Mr. P Raju
Iyer, Cost Accountant
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
22-Jul-16
ITC LIMITED
AGM
M
Payment of remuneration to Cost Auditors M/s Shome & Banerjee, Cost Accountant
For
For
Normal Business
Jul-
Sep,2016
22-Jul-16
KOTAK
MAHINDRA BANK LIMITED
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
22-Jul-16
KOTAK
MAHINDRA BANK LIMITED
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
22-Jul-16
KOTAK
MAHINDRA BANK LIMITED
AGM
M
Appointment of M/s. S R Batliboi & Co, Chartered Accountants as Auditors
For
For
Normal Business
Jul-
Sep,2016
22-Jul-16
KOTAK
MAHINDRA BANK LIMITED
AGM
M
Appointment of Mr. N. P.
Sarda as Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
22-Jul-16
KOTAK
MAHINDRA BANK LIMITED
AGM
M
Appointment of Mr. C.
Jayaram as Non Independent Director
For
For
Attended more
than 75% Board Meetings
Jul-
Sep,2016
22-Jul-16
KOTAK
MAHINDRA BANK LIMITED
AGM
M
Increase in remuneration of Dr. Shankar Acharya , Part
Time Chairman
For
For
In line with
industry standards and law.
Jul-
Sep,2016
22-Jul-16
KOTAK
MAHINDRA BANK LIMITED
AGM
M
Payment of remuneration to
Non-Executive Director
For
For
In line with the
industry standards and law.
Jul-
Sep,2016
22-Jul-16
MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED
AGM
M
Adoption of Accounts
(Standalone)
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
22-Jul-16
MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED
AGM
M
Adoption of Accounts
(Consolidated)
For
For
Normal Business
Jul-
Sep,2016
22-Jul-16
MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED
AGM
M
Declaration of Dividend on
Equity Shares
For
For
Normal Business
Jul-
Sep,2016
22-Jul-16
MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED
AGM
M
Re appointment of Mr. V. S.
Parthasarathy as Director
For
For
He attended all Board meetings.
Jul-
Sep,2016
22-Jul-16
MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED
AGM
M
Appointment of M/s. B K Khare & Co, Chartered
Accountants as Auditors
For
For
Normal Business
Jul-
Sep,2016
22-Jul-16
PERSISTENT
SYSTEMS LIMITED
AGM
M
Adoption of accounts
For
For
Normal Business
Jul-
Sep,2016
22-Jul-16
PERSISTENT
SYSTEMS LIMITED
AGM
M
Confirm the payment of the 1st Interim Dividend of Rs. 5
per share and the 2nd Interim Dividend of Rs. 3 per share for the financial year
2015-16
For
For Normal Business
Jul-
Sep,2016
22-Jul-16
PERSISTENT
SYSTEMS LIMITED
AGM
M
Appointment of M/s. Deloitte
Haskins & Sells LLP, Chartered Accountants as Joint Statutory Auditors of the Company to hold office
For
For Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
up to the conclusion of the 29 AGM to be held in the
calendar year 2019
Jul-
Sep,2016
22-Jul-16
PERSISTENT
SYSTEMS LIMITED
AGM
M
Appointment of M/s. Joshi
Apte & Co, Chartered Accountants, Pune as Joint
Statutory Auditors of the Company to hold office up to
the conclusion of the 27th AGM to be held in the
calendar year 2017
For
For Normal Business
Jul-
Sep,2016
22-Jul-16
PERSISTENT
SYSTEMS LIMITED
AGM
M
Re appointment of Mr.
Mritunjay Kumar Singh as Director
For
For
He is with the Company since
2014 having operations
experiences at various start-ups
and large companies in
India
Jul-
Sep,2016
22-Jul-16
PERSISTENT
SYSTEMS LIMITED
AGM
M
Appointment of Mr. Thomas
(Tom) Kendra as Independent Director
For
Abstain
Full Information
not available
Jul-
Sep,2016
27-Jul-16
SHRIRAM
TRANSPORT FINANCE CO
LIMITED
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
27-Jul-16
SHRIRAM
TRANSPORT FINANCE CO
LIMITED
AGM
M
Confirmation of Interim
Dividend and the declaration of Final Dividend on equity
shares
For
For
Normal Business
Jul-
Sep,2016
27-Jul-16
SHRIRAM
TRANSPORT FINANCE CO
LIMITED
AGM
M
Appointment of Joint
Auditors to hold the office from conclusion of this AGM until conclusion of next AGM
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
and fixing their remuneration.
Jul-
Sep,2016
27-Jul-16
SHRIRAM
TRANSPORT FINANCE CO
LIMITED
AGM
M
Re appointment of Mr. Umesh Revankar as
Director
For
For
He attended all Board meetings.
Jul-
Sep,2016
27-Jul-16
SHRIRAM
TRANSPORT FINANCE CO
LIMITED
AGM
M
Appointment of Mr. Jasmit Singh Gujral as Additional
Director
For
For
He has 30 years of experience in
Financial Services and has been with Shriram Group for
last 28 years.
Jul-
Sep,2016
27-Jul-16
SHRIRAM
TRANSPORT FINANCE CO
LIMITED
AGM
M
Appointment of Mr. Jasmit Singh Gujral as Managing
Director & CEO and Payment of remuneration to
him
For
For
He has 30 years of experience in
Financial Services and has been with Shriram Group for
last 28 years.
Jul-
Sep,2016
27-Jul-16
SHRIRAM
TRANSPORT FINANCE CO
LIMITED
AGM
M
Borrow up to Rs. 75,000
Crore
For
For
Business
requirement
Jul-
Sep,2016
27-Jul-16
SHRIRAM
TRANSPORT FINANCE CO
LIMITED
AGM
M
Creation of charge up to
Rs.93,750 Crores
For
For
Business
requirement
Jul-
Sep,2016
27-Jul-16
SHRIRAM
TRANSPORT FINANCE CO
LIMITED
AGM
M
Issue of Securities on
Private Placement basis
For
For
Business
requirement
Jul-
Sep,2016
27-Jul-16
SHRIRAM
TRANSPORT
AGM
M
Alteration of AOA
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
FINANCE CO LIMITED
Jul-
Sep,2016
29-Jul-16
GODREJ
CONSUMER PRODUCTS
LIMITED
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
29-Jul-16
GODREJ
CONSUMER PRODUCTS
LIMITED
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
29-Jul-16
GODREJ
CONSUMER PRODUCTS
LIMITED
AGM
M
Re appointment of Ms.
Tanya Dubash as Director
For
For
Attended 75% of
the Board Meetings
Jul-
Sep,2016
29-Jul-16
GODREJ
CONSUMER PRODUCTS
LIMITED
AGM
M
Appointment of M s
Kalyaniwalla & Mistry, Chartered Accountants as
Auditors
For
For
Normal Business
Jul-
Sep,2016
29-Jul-16
GODREJ
CONSUMER PRODUCTS
LIMITED
AGM
M
Payment of remuneration to
Cost Auditors M/s. P M Nanabhoy & Co, Cost
Accountant
For
For
Normal Business
Jul-
Sep,2016
29-Jul-16
GODREJ
CONSUMER PRODUCTS
LIMITED
AGM
M
Appointment of Mr. Adi Godrej as Whole time
Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
29-Jul-16
GODREJ
CONSUMER PRODUCTS
LIMITED
AGM
M
Re appointment of Ms.
Nisaba Godrej as Executive Director
For
For
Attended all Board
Meetings
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
29-Jul-16
GODREJ
CONSUMER PRODUCTS
LIMITED
AGM
M
Re appointment of Mr.
Vivek Gambhir as Managing Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
29-Jul-16
KEC
INTERNATIONAL LIMITED
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
29-Jul-16
KEC
INTERNATIONAL LIMITED
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
29-Jul-16
KEC
INTERNATIONAL LIMITED
AGM
M
Re appointment of Mr. R.D.
Chandak as Director
For
For
Attended all Board Meetings
Jul-
Sep,2016
29-Jul-16
KEC
INTERNATIONAL LIMITED
AGM
M
Appointment of M s Deloitte Haskins & Sells, Chartered
Accountants as Auditors
For
For
Normal Business
Jul-
Sep,2016
29-Jul-16
KEC
INTERNATIONAL LIMITED
AGM
M
Appointment of Branch
Auditors
For
For
Normal Business
Jul-
Sep,2016
29-Jul-16
KEC
INTERNATIONAL LIMITED
AGM
M
Appointment of Mr. Vimal
Kejriwal as Director
For
For
All Board Meeting
attended
Jul-
Sep,2016
29-Jul-16
KEC
INTERNATIONAL LIMITED
AGM
M
Payment of remuneration to
Cost Auditors
For
For
Normal Business
Jul-
Sep,2016
29-Jul-16
KEC
INTERNATIONAL LIMITED
AGM
M
Enhancement of Borrowing
limits of the company
For
For
Business
requirement
Jul-
Sep,2016
29-Jul-16
KEC
INTERNATIONAL LIMITED
AGM
M
Creation of charge
For
For
Business
requirement
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
29-Jul-16
WABCO INDIA
LIMITED
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016 29-Jul-16
WABCO INDIA
LIMITED
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
29-Jul-16
WABCO INDIA
LIMITED
AGM
M
Re appointment of Director
For
For
Attended 75%
Board Meetings.
Jul-
Sep,2016
29-Jul-16
WABCO INDIA
LIMITED
AGM
M
Appointment of M/s. S R
Batliboi & Associates, Chartered Accountants as
Auditors
For
For
Normal Business
Jul-
Sep,2016
29-Jul-16
WABCO INDIA
LIMITED
AGM
M
Appointment of Mr. Shivram
Narayanaswami as Non- Executive Non Independent
Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
29-Jul-16
WABCO INDIA
LIMITED
AGM
M
Appointment of Mr. Sean
Ernest Deason as Additional Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
29-Jul-16
WABCO INDIA
LIMITED
AGM
M
Appointment of Dr. Lakshmi Venu as Non-Executive Non
Independent Director
For
For
She is a graduate of Yale University
and she underwent her management
training for three years with
Sundaram Auto components Ltd.
Jul-
Sep,2016
29-Jul-16
WABCO INDIA
LIMITED
AGM
M
Payment of remuneration to
Cost Auditors Mr. A. N.Raman, Cost Accountant
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
29-Jul-16
WABCO INDIA
LIMITED
AGM
M
Enter into contracts with
other related parties
For
Against
No mention about transactions are
being done in the ordinary course of
business of the Bank and on an
arm's length basis
Jul-
Sep,2016
01-Aug-16
JINDAL STEEL &
POWER LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
01-Aug-16
JINDAL STEEL &
POWER LTD
AGM
M
Re appointment of Mr. S. Shallu Jindal as Director
For
For
She is from
Promotor group. Attended 50%
Board Meetings
Jul-
Sep,2016
01-Aug-16
JINDAL STEEL &
POWER LTD
AGM
M
Re appointment of Mr.
Dinesh Kumar Saraogi as Director
For
Against
Attended less than
75% board meetings
Jul-
Sep,2016
01-Aug-16
JINDAL STEEL &
POWER LTD
AGM
M
Appointment of M/s. Lodha
and Co, Chartered Accountants as Statutory
Auditors
For
For
Normal Business
Jul-
Sep,2016
01-Aug-16
JINDAL STEEL &
POWER LTD
AGM
M
Appointment of M/s.
Ramanath Iyer and Co, Cost Accountants as Cost
Auditors to conduct audit of the Cost Records for
financial year 2016 17
For
For
Normal Business
Jul-
Sep,2016
01-Aug-16
JINDAL STEEL &
POWER LTD
AGM
M
Approval for issuance of
Non-Convertible Debentures up to Rs. 5000 crore on Private Placement basis
For
For
Business
requirement
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
01-Aug-16
JINDAL STEEL &
POWER LTD
AGM
M
Approval for issuance of
securities for an amount not exceeding Rs. 5000 crore
For
For
Business
requirement
Jul-
Sep,2016
01-Aug-16
JINDAL STEEL &
POWER LTD
AGM
M
Approval for related party
transaction
For
For
Transaction related to a
subsidiary in which company
holds 96.4%
Jul-
Sep,2016
04-Aug-16
BATA INDIA LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
04-Aug-16
BATA INDIA LTD
AGM
M
Declare a Dividend for the
financial year ended 31/03/2016 the board
recommended a dividend of Rs. 3 and 50 paise per
Equity Shares of Rs. 5 each fully paid up
For
For
Normal Business
Jul-
Sep,2016
04-Aug-16
BATA INDIA LTD
AGM
M
Re appointment of Mr.
Shaibal Sinha as Director
For
For
Attended all Board
Meetings.
Jul-
Sep,2016 04-Aug-16
BATA INDIA LTD
AGM
M
Appointment of Ms. S R
Batliboi and Co LLP Chartered Accountants as
Auditors
For
For
Normal Business
Jul-
Sep,2016
04-Aug-16
BATA INDIA LTD
AGM
M
Appointment of Mr.
Christopher MacDonald Kirk as Director
For
For
Attended Board Meetings during
his tenure.
Jul-
Sep,2016
04-Aug-16
BATA INDIA LTD
AGM
M
Re appointment of Mr.
Rajeev Gopalakrishnan as Managing Director
For
For
Attended all Board
Meetings.
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
04-Aug-16
BATA INDIA LTD
AGM
M
Appointment of Mr. Ram Kumar Gupta as Director
For
For
Attended Board Meetings during
his tenure.
Jul-
Sep,2016
04-Aug-16
BATA INDIA LTD
AGM
M
Appointment of Mr. Ram
Kumar Gupta as Whole time Director
For
For
Attended Board Meetings during
his tenure.
Jul-
Sep,2016
04-Aug-16
THE RAMCO
CEMENTS LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
04-Aug-16
THE RAMCO
CEMENTS LTD
AGM
M
Appointment of Shri P. R.
Ramasubrahmaneya Rajha as Director
For
For
Attended all Board
Meeting.
Jul-
Sep,2016
04-Aug-16
THE RAMCO
CEMENTS LTD
AGM
M
Appointment of Ms Jagannathan and N
Krishnaswami Chartered Accountants as Auditors
For
For
Normal Business
Jul-
Sep,2016
04-Aug-16
THE RAMCO
CEMENTS LTD
AGM
M
Appointment of Shri P. R.
Ramasubrahmaneya Rajha as Chairman and Managing
Director
For
For
Attended all Board Meetings. Salary is in line with past
years trend
Jul-
Sep,2016
05-Aug-16
MARICO LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
05-Aug-16
MARICO LTD
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
05-Aug-16
MARICO LTD
AGM
M
Re appointment of Mr.
Rajen Mariwala as Director
For
For
Attended all Board
Meeting
Jul-
Sep,2016
05-Aug-16
MARICO LTD
AGM
M
Appointment of M/s. Price
Waterhouse Chartered Accountants as Auditors
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
05-Aug-16
MARICO LTD
AGM
M
Payment of remuneration to Cost Auditors M/s. Ashwin
Solanki and Associates Cost Accountant
For
For
Normal Business
Jul-
Sep,2016
05-Aug-16
MARICO LTD
AGM
M
Approval of the Marico
Employee Stock Option Plan 2016 and granting of stock
option to the eligible employees of the Company
under the plan
For
For
Incentive to employee
Jul-
Sep,2016
05-Aug-16
MARICO LTD
AGM
M
Approval of the Grant of
Stock Option to the eligible of the Company’s
Subsidiaries under the Marico Employee Stock
Option Plan 2016
For
For
Incentive to employee
Jul-
Sep,2016
10-Aug-16
MAHINDRA AND MAHINDRA LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
10-Aug-16
MAHINDRA AND MAHINDRA LTD
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
10-Aug-16
MAHINDRA AND MAHINDRA LTD
AGM
M
Re appointment of Mr. S. B.
Mainak as Director
For
For
He is a Nominee
of LIC
Jul-
Sep,2016
10-Aug-16
MAHINDRA AND MAHINDRA LTD
AGM
M
Appointment of M/s. Deloitte Haskins and Sells Chartered
Accountants as Auditors
For
For
Normal Business
Jul-
Sep,2016
10-Aug-16
MAHINDRA AND MAHINDRA LTD
AGM
M
Payment of remuneration to Cost Auditors M/s/ D C Dave
and Co Cost Accountant
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
10-Aug-16
MAHINDRA AND MAHINDRA LTD
AGM
M
Borrow up to Rs. 5000
Crores
For
For
Business
requirement
Jul-
Sep,2016
10-Aug-16
MAHINDRA AND MAHINDRA LTD
AGM
M
Maintenance of Register of Members and other related
books at the place other than Registered Office
For
For
Business
requirement
Jul-
Sep,2016
11-Aug-16
THE GREAT EASTERN
SHIPPING CO.LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
11-Aug-16
THE GREAT EASTERN
SHIPPING CO.LTD
AGM
M
Re appointment of Mr. Tapas Icot as Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
11-Aug-16
THE GREAT EASTERN
SHIPPING CO.LTD
AGM
M
Appointment of M/s.
Kalyaniwalla and Mistry Chartered Accountants as
Auditors
For
For
Normal Business
Jul-
Sep,2016
11-Aug-16
THE GREAT EASTERN
SHIPPING CO.LTD
AGM
M
Offer or invitation to
subscribe to Debentures on Private Placement basis for an amount up to Rs. 1500
Crores
For
For
Business
requirement
Jul-
Sep,2016
24-Aug-16
NCC LTD
AGM
M
Adoption of Financial
Statements
For
For
Normal Business
Jul-
Sep,2016
24-Aug-16
NCC LTD
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
24-Aug-16
NCC LTD
AGM
M
Re appointment of Sri Utpal Sheth as a Director liable to
retire by rotation
For
Against
Attended less than
75% Board Meetings.
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
24-Aug-16
NCC LTD
AGM
M
Re appointment of Sri A. V. N. Raju as a Director liable
to retire by rotation
For
Against
Attended less than
75% Board Meetings.
Jul-
Sep,2016
24-Aug-16
NCC LTD
AGM
M
Ratification of the
appointment of the Joint Statutory Auditors
For
For
Normal Business
Jul-
Sep,2016
24-Aug-16
NCC LTD
AGM
M
Appointment of Sri S. Ravi as an Independent Director
For
Against
Attended less than
75% Board Meetings.
Jul-
Sep,2016
24-Aug-16
NCC LTD
AGM
M
Appointment of Dr. A. S.
Durga Prasad as an Independent Director
For
For
He was Vice-
President of Cost Accountants of
India for the year 2013-14. His
experience will help the Company
Jul-
Sep,2016
24-Aug-16
NCC LTD
AGM
M
Reappointment of Sri A. V. N. Raju as a Whole time
Director
For
Against
Attended less than
75% Board Meetings.
Jul-
Sep,2016
24-Aug-16
NCC LTD
AGM
M
Approval of the
remuneration payable to the Cost Auditors
For
For
Normal Business
Jul-
Sep,2016
29-Aug-16
CYIENT
LIMITED(EX INFOTECH ENTERPRI
AGM
M
Adoption of accounts
For
For
Normal Business
Jul-
Sep,2016
29-Aug-16
CYIENT
LIMITED(EX INFOTECH ENTERPRI
AGM
M
Declaration of dividend
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
29-Aug-16
CYIENT
LIMITED(EX INFOTECH ENTERPRI
AGM
M
To appoint a Director in
place of Mr. B.V.R. Mohan Reddy who retires by
rotation and offers himself for reappointment
For
For
He is Executive
Chairman. Attended all Board
Meetings.
Jul-
Sep,2016
29-Aug-16
CYIENT
LIMITED(EX INFOTECH ENTERPRI
AGM
M
To appoint a Director in
place of Mr. Krishna Bodanapu who retires by rotation and offers himself
for reappointment
For
For
He is MD & CEO. Attended all Board
Meetings.
Jul-
Sep,2016
29-Aug-16
CYIENT
LIMITED(EX INFOTECH ENTERPRI
AGM
M
To ratify the appointment of M/s. Deloitte Haskins and
Sells Chartered Accountants as Statutory Auditors
For
For
Normal Business
Jul-
Sep,2016
2-Sep-16
PIDILITE
INDUSTRIES LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
2-Sep-16
PIDILITE
INDUSTRIES LTD
AGM
M
Confirmation of Interim
Dividend and declaration of Final Dividend
For
For
Normal Business
Jul-
Sep,2016
2-Sep-16
PIDILITE
INDUSTRIES LTD
AGM
M
Re appointment of Shri A. B.
Parekh as Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
2-Sep-16
PIDILITE
INDUSTRIES LTD
AGM
M
Re appointment of Shri Sabyaschi Patnaik as
Director
For
For
Attended more
than 75% Board Meetings during
his term
Jul-
Sep,2016
2-Sep-16
PIDILITE
INDUSTRIES LTD
AGM
M
Appointment of M/s. Deloitte Haskins and Sells Chartered
Accountants as Auditors
For
For
Normal Business
Jul-
Sep,2016
2-Sep-16
PIDILITE
INDUSTRIES LTD
AGM
M
Appointment of Shri Vinod Kumar Dasari as Additional
Director
For
Against
Attended less than
75% Board
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Meetings during his term
Jul-
Sep,2016
2-Sep-16
PIDILITE
INDUSTRIES LTD
AGM
M
Payment of remuneration to Cost Auditors M/s. V J Talati
and Co Cost Accountant
For
For
Normal Business
Jul-
Sep,2016
2-Sep-16
PIDILITE
INDUSTRIES LTD
AGM
M
Appointment of Shri M. B.
Parekh as Executive Chairman
For
For
Attended all Board
Meetings
Jul-
Sep,2016
3-Sep-16
Mangalore Refinery and Petrochemicals
Limited
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
3-Sep-16
Mangalore Refinery and Petrochemicals
Limited
AGM
M
Re appointment of Shri D. K.
Sarraf as Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
3-Sep-16
Mangalore Refinery and Petrochemicals
Limited
AGM
M
Appointment of Joint
Statutory Auditors
For
For
Normal Business
Jul-
Sep,2016
3-Sep-16
Mangalore Refinery and Petrochemicals
Limited
AGM
M
Appointment of Shri A. K. Sahoo as Additional Director
For
For
He is appointed as Director ( Finance
)/ CFO of the company
Jul-
Sep,2016
3-Sep-16
Mangalore Refinery and Petrochemicals
Limited
AGM
M
Appointment of Shri Diwakar
Nath Misra as Additional Director
For
For
Appointed as Government Director by Ministry of
Petroleum & Natural Gas since 9th March,2016
Jul-
Sep,2016
3-Sep-16
Mangalore Refinery and Petrochemicals
Limited
AGM
M
Authorised to make offers or
invitations to subscribe to the Non-Convertible
For
For
Business
requirement
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Debentures NCDs Bonds up to Rs. 3000 crore
Jul-
Sep,2016
3-Sep-16
Mangalore Refinery and Petrochemicals
Limited
AGM
M
Offer issue and allot in one
or more tranches of securities including equity shares or to approve any other option available for
enhancement of the public shareholding to 25 percent
in compliance with Securities Contracts
For
For
To meet
Regulator's guidelines
Jul-
Sep,2016
3-Sep-16
Mangalore Refinery and Petrochemicals
Limited
AGM
M
Ratify the remuneration of the Cost Auditors for the financial year 2015-16
For
For
Normal Business
Jul-
Sep,2016
3-Sep-16
Mangalore Refinery and Petrochemicals
Limited
AGM
M
Ratify the remuneration of the Cost Auditors for the financial year 2016-17
For
For
Normal Business
Jul-
Sep,2016
3-Sep-16
Mangalore Refinery and Petrochemicals
Limited
AGM
M
Enter into various related
party transactions
For
For
Transactions are being done in the ordinary course of
business of the Company and on an arm's length
basis
Jul-
Sep,2016
3-Sep-16
MANPASAND
BEVERAGES LTD
PB
M
Variation in terms of the
objects of the Issue
For
For
Company will use
the fund for adding up new
production lines at Ambala unit and
Vadodara 2 unit in place of original
intention of setting up of new
corporate office at Vadodara for
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
business purposes.
Jul-
Sep,2016
5-Sep-16
MANPASAND
BEVERAGES LTD
AGM
M
Adoption of accounts
For
For
Normal Business
Jul-
Sep,2016
5-Sep-16
MANPASAND
BEVERAGES LTD
AGM
M
Re appointment of Mr.
Vishal Sood who retires by rotation
For
For
Attended all Board
Meetings.
Jul-
Sep,2016
5-Sep-16
MANPASAND
BEVERAGES LTD
AGM
M
Re appointment of Mr.
Dhruv Agarwal who retires by rotation
For
For
Attended all Board
Meetings.
Jul-
Sep,2016
5-Sep-16
MANPASAND
BEVERAGES LTD
AGM
M
Appointment of auditors and
fixing their remuneration
For
For
Normal Business
Jul-
Sep,2016
5-Sep-16
MANPASAND
BEVERAGES LTD
AGM
M
Revision in the remuneration
of Mr. Dhirendra Singh Chairman and MD of the
Company
For
For
In line with the
industry considering the
contribution to the Company and
profitability of the Company.
Jul-
Sep,2016
5-Sep-16
MANPASAND
BEVERAGES LTD
AGM
M
Revision in the remuneration
of Mr. Abhishek Singh Whole Time Director of the
Company
For
For
In line with the
industry considering the
contribution to the Company and
profitability of the Company.
Jul-
Sep,2016
5-Sep-16
MANPASAND
BEVERAGES LTD
AGM
M
Increase in authorized capital of the Company
For
For
Business
requirement
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
5-Sep-16
MANPASAND
BEVERAGES LTD
AGM
M
Raising of finance through
issue of equity shares
For
For
Business
requirement
Jul-
Sep,2016
7-Sep-16
ORACLE
FINANCIAL SERVICES
SOFTWARE LTD
AGM
M
Adoption of accounts
For
For
Normal Business
Jul-
Sep,2016
7-Sep-16
ORACLE
FINANCIAL SERVICES
SOFTWARE LTD
AGM
M
Appointment of a Director in
place of Mr. Robert K. Weiler who retires by
rotation and being eligible offers himself for re
appointment
For
For
Attended 75% of Board Meetings
Jul-
Sep,2016
7-Sep-16
ORACLE
FINANCIAL SERVICES
SOFTWARE LTD
AGM
M
Appointment of a Director in
place of Mr. Harinderjit Singh who retires by rotation
and being eligible offers himself for re appointment
For
Against
Attended less than
75% Board meetings
Jul-
Sep,2016
7-Sep-16
ORACLE
FINANCIAL SERVICES
SOFTWARE LTD
AGM
M
Declaration of dividend
For
For
Normal Business
Jul-
Sep,2016
7-Sep-16
ORACLE
FINANCIAL SERVICES
SOFTWARE LTD
AGM
M
Ratification of appointment of M/s. S. R. Batliboi and
Associates LLP Chartered Accountants as statutory auditors of the Company
and to fix their remuneration
For
For
Normal Business
Jul-
Sep,2016
7-Sep-16
ORACLE
FINANCIAL SERVICES
SOFTWARE LTD
AGM
M
Ratification of appointment of M/s. S. R. Batliboi and
Associates LLP Chartered Accountants as branch
auditors of the Company and to fix their remuneration
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
7-Sep-16
ORACLE
FINANCIAL SERVICES
SOFTWARE LTD
AGM
M
Re appointment and terms of remuneration payable to Mr. Chaitanya Kamat as
Managing Director and CEO of the Company
For
For
Attended all Board
Meetings
Jul-
Sep,2016
7-Sep-16
ORACLE
FINANCIAL SERVICES
SOFTWARE LTD
AGM
M
Payment of commission to Non-Executive Directors of
the Company
For
For
In line with
Companies Act
Jul-
Sep,2016
8-Sep-16
HINDUSTAN PETROLEUM
CORPORATION LTD
AGM
M
Adoption of accounts
For
For
Normal Business
Jul-
Sep,2016
8-Sep-16
HINDUSTAN PETROLEUM
CORPORATION LTD
AGM
M
Declaration of dividend
For
For
Normal Business
Jul-
Sep,2016
8-Sep-16
HINDUSTAN PETROLEUM
CORPORATION LTD
AGM
M
Appointment of Director in place of Mr. Pushp Kumar
Joshi who retires by rotation and being eligible offers
himself for retirement
For
For
Attended all Board
Meetings
Jul-
Sep,2016
8-Sep-16
HINDUSTAN PETROLEUM
CORPORATION LTD
AGM
M
Appointment of Director in place of Mr. Y. K. Gawali
who retires by rotation and being eligible offers himself
for retirement
For
For
Attended all Board
Meetings
Jul-
Sep,2016
8-Sep-16
HINDUSTAN PETROLEUM
CORPORATION LTD
AGM
M
To consider an increase in
the remuneration payable to statutory auditors for
financial year 2015-16 from 30 lakhs to 41 lakhs
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
8-Sep-16
HINDUSTAN PETROLEUM
CORPORATION LTD
AGM
M
Appointment of Mr. J.
Ramaswamy as Director of the Corporation
For
For
Attended all Board
Meetings
Jul-
Sep,2016
8-Sep-16
HINDUSTAN PETROLEUM
CORPORATION LTD
AGM
M
Appointment of Mr. Ram
Niwas Jain as Independent Director of the Corporation
For
For
Attended more
than 75% Board Meetings
Jul-
Sep,2016
8-Sep-16
HINDUSTAN PETROLEUM
CORPORATION LTD
AGM
M
Appointment of Ms. Urvashi Sadhwani as Director of the
Corporation
For
For
Attended all Board
Meetings
Jul-
Sep,2016
8-Sep-16
HINDUSTAN PETROLEUM
CORPORATION LTD
AGM
M
Appointment of Mr. Mukesh Kumar Surana as Chairman
and Managing Director of the Corporation
For
For
He is appointed as
Chairman & Managing Director by Government of
India effective from 1.4.2016
Jul-
Sep,2016
8-Sep-16
HINDUSTAN PETROLEUM
CORPORATION LTD
AGM
M
Payment of remuneration to
cost auditors for financial year 2016-17
For
For
Normal Business
Jul-
Sep,2016
8-Sep-16
HINDUSTAN PETROLEUM
CORPORATION LTD
AGM
M
Approval for material related
party transactions
For
For
Transactions are in ordinary course of action and are at arm's length
basis
Jul-
Sep,2016
8-Sep-16
HINDUSTAN PETROLEUM
CORPORATION LTD
AGM
M
Approval to amend the AOA of the Company for increase
in number of Directors
For
For
In line with SEBI
(Listing Obligation & Disclosure
Requirements) Regulation.
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
8-Sep-16
HINDUSTAN PETROLEUM
CORPORATION LTD
AGM
M
To increase authorize share capital of the Company and
amend the MOA and AOA of the company
For
For
Business Purpose
Jul-
Sep,2016
8-Sep-16
HINDUSTAN PETROLEUM
CORPORATION LTD
AGM
M
To capitalize reserves of the
Company and to issue bonus shares
For
For
Rewards to
Shareholders
Jul-
Sep,2016
8-Sep-16
MARUTI
SUZUKI(I)LTD
AGM
M
Adoption of accounts
For
For
Normal Business
Jul-
Sep,2016
8-Sep-16
MARUTI
SUZUKI(I)LTD
AGM
M
To declare dividend on
equity shares
For
For Normal Business
Jul-
Sep,2016
8-Sep-16
MARUTI
SUZUKI(I)LTD
AGM
M
To appoint a Director in
place of Mr. R. C. Bhargava who retires by rotation and being eligible offers himself
for re appointment
For
For
He is the
Chairman of the Company
Jul-
Sep,2016
8-Sep-16
MARUTI
SUZUKI(I)LTD
AGM
M
To appoint a Director in place of Mr. Kazuhiko Ayabe who retires by
rotation and being eligible offers himself for reappointment
For
For
Attended all Board
meetings
Jul-
Sep,2016
8-Sep-16
MARUTI
SUZUKI(I)LTD
AGM
M
Appointment of M/s. Deloitte
Haskins and Sells LLP as Auditors
For
For
Normal Business
Jul-
Sep,2016
8-Sep-16
MARUTI
SUZUKI(I)LTD
AGM
M
Re appointment of Mr. Kenichi Ayukawa as
Managing Director and Chief Executive Officer
For
For
He is the
Managing Director and CEO of the
Company
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
8-Sep-16
MARUTI
SUZUKI(I)LTD
AGM
M
Re appointment of Mr.
Toshiaki Hasuike as Joint Managing Director
For
For
Attended more
than 75% Board Meetings
Jul-
Sep,2016
8-Sep-16
MARUTI
SUZUKI(I)LTD
AGM
M
Ratification of remuneration of M/s. R J Goel and Co the
cost auditors
For
For
Normal Business
Jul-
Sep,2016
8-Sep-16
ONGC LTD
AGM
M
Adoption of accounts
For
For
Normal Business
Jul-
Sep,2016
8-Sep-16
ONGC LTD
AGM
M
Declaration of dividends
For
For
Normal Business
Jul-
Sep,2016
8-Sep-16
ONGC LTD
AGM
M
Appointment of Mr. K.
Sengupta as Director who retires by rotation
For
For
Attended all Board
Meetings
Jul-
Sep,2016
8-Sep-16
ONGC LTD
AGM
M
To authorize Board of
Directors of the Company to fix the remuneration of the
joint statutory auditors of the Company for the financial
year 2016-2017
For
For
Normal Business
Jul-
Sep,2016
8-Sep-16
ONGC LTD
AGM
M
To appoint Mr. A. K.
Srinivasan as Director of the Company
For
For
Attended all Board
Meetings since appointment
Jul-
Sep,2016
8-Sep-16
ONGC LTD
AGM
M
To appoint Mr. Ajai Malhotra as Director of the Company
For
For
Attended all Board
Meetings since appointment
Jul-
Sep,2016
8-Sep-16
ONGC LTD
AGM
M
To appoint Mr. S. B. Kedare as Director of the Company
For
For
Attended all Board
Meetings since appointment
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
8-Sep-16
ONGC LTD
AGM
M
To appoint Mr. K. M.
Padmanabhan as Director of the Company
For
For
Attended more
than 75% Board Meetings since
appointment
Jul-
Sep,2016
8-Sep-16
ONGC LTD
AGM
M
To appoint Mr. A. P.
Sawhney as Director of the Company
For
For
He is a
Government Director
Jul-
Sep,2016
8-Sep-16
ONGC LTD
AGM
M
To appoint Mr. Amar Nath
as Director of the Company
For
For
He is a
Government Director
Jul-
Sep,2016
8-Sep-16
ONGC LTD
AGM
M
Remuneration to cost
auditors
For
For
Normal Business
Jul-
Sep,2016
8-Sep-16
VEDANTA LIMITED
CP09SP16
CRT
M
The Scheme of
Arrangement of Cairn India Limited with Vedanta Limited
For
For
The merger was
not impacting any rights of the
creditors.
Jul-
Sep,2016
8-Sep-16
VEDANTA LIMITED
CP20SP16
CRT
M
the Scheme of Arrangement of Cairn India Limited with
Vedanta Limited
For
For
The merger was
not impacting any rights of the
creditors.
Jul-
Sep,2016
11-Sep-16
BHARAT
ELECTRONICS LTD
PB
M
Proposal to buyback of not
exceeding 1,66,37,207 equity shares of the
Company representing 6 point 93 percent of the total number of equity shares in the paid up share capital of the Company at a price of Rs. 1305 per equity share
payable in cash
For
For
Investor Friendly
measures.
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
14-Sep-16
HINDALCO
INDUSTRIES LIMITED
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
14-Sep-16
HINDALCO
INDUSTRIES LIMITED
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
14-Sep-16
HINDALCO
INDUSTRIES LIMITED
AGM
M
Re appointment of Smt
Rajashree Birla as Director
For
For
She is from the
Promoter Group. She has attended 3 meetings out of
5
Jul-
Sep,2016
14-Sep-16
HINDALCO
INDUSTRIES LIMITED
AGM
M
Re appointment of Mr. D. Bhattacharya as Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
14-Sep-16
HINDALCO
INDUSTRIES LIMITED
AGM
M
Appointment of M/s Singhi
and Co, Chartered Accountants as Auditors
For
For
Normal Business
Jul-
Sep,2016
14-Sep-16
HINDALCO
INDUSTRIES LIMITED
AGM
M
Payment of remuneration to Cost Auditors M/s.
Nanabhoy and Co, Cost Accountant
For
For
Normal Business
Jul-
Sep,2016
14-Sep-16
HINDALCO
INDUSTRIES LIMITED
AGM
M
Appointment of Mr. Girish Dave as Independent
Director
For
For
He is a lawyer by
profession. He has varied and
extensive experience in
Financial, Banking and Project
Finance.
Jul-
Sep,2016
14-Sep-16
HINDALCO
INDUSTRIES LIMITED
AGM
M
Charging fees for delivery of
documents through a particular mode to members
For
For
Recovery of
expenses of a particular mode of
delivery.
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
14-Sep-16
HINDALCO
INDUSTRIES LIMITED
AGM
M
Offer or invitation to subscribe to Non-
Convertible Debentures on a private placement basis
For
For
Business
Requirement
Jul-
Sep,2016
14-Sep-16
HINDALCO
INDUSTRIES LIMITED
AGM
M
Appointment of Mr. Satish Pai as Managing Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
14-Sep-16
HINDALCO
INDUSTRIES LIMITED
AGM
M
Appointment of Mr. Praveen
Kumar Maheshwari as Whole Time Director
For
For
He is a CA. He
joined the Company in
December 2011 and is responsible
for providing strategic
leadership on financial matters.
Jul-
Sep,2016
14-Sep-16
INDIAN OIL
CORPORATION LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
14-Sep-16
INDIAN OIL
CORPORATION LTD
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
14-Sep-16
INDIAN OIL
CORPORATION LTD
AGM
M
Re appointment of Shri A. K.
Sharma as Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
14-Sep-16
INDIAN OIL
CORPORATION LTD
AGM
M
Appointment of Shri B. S.
Canth as Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
14-Sep-16
INDIAN OIL
CORPORATION LTD
AGM
M
Appointment of Shri Subroto
Bagchi as Independent Director
For
For
Attended 2 out of 3 Board Meetings
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
14-Sep-16
INDIAN OIL
CORPORATION LTD
AGM
M
Appointment of Shri Sanjay
Kapoor as Independent Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
14-Sep-16
INDIAN OIL
CORPORATION LTD
AGM
M
Appointment of Shri Parindu
K Bhagat as Independent Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
14-Sep-16
INDIAN OIL
CORPORATION LTD
AGM
M
Appointment of Shri G K
Satish as Director
For
For
He is a
Mechanical Engineer from NIIT, Surat. He
has over 30 years’ experience in
various disciplines in Indian Oil
Jul-
Sep,2016
14-Sep-16
INDIAN OIL
CORPORATION LTD
AGM
M
Ratify the remuneration of the Cost Auditors for the financial year 31.3.2017
For
For
Normal Business
Jul-
Sep,2016
14-Sep-16
INDIAN OIL
CORPORATION LTD
AGM
M
Issue secured unsecured
redeemable non-convertible bonds debentures of face
value up to Rs. 12,000 crore
For
For
Fund
requirements for Business
Jul-
Sep,2016
14-Sep-16
NBCC (INDIA) LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
14-Sep-16
NBCC (INDIA) LTD
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
14-Sep-16
NBCC (INDIA) LTD
AGM
M
Re appointment of Shri S. K.
Pal as Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
14-Sep-16
NBCC (INDIA) LTD
AGM
M
Fix remuneration of the
Statutory Auditors
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
14-Sep-16
NBCC (INDIA) LTD
AGM
M
Appointment of Mr. Ashok Khurana as Independent
Director
For
For
He is a
Government Nominee Director
Jul-
Sep,2016
14-Sep-16
NBCC (INDIA) LTD
AGM
M
Appointment of Mr.
Tajuddin Moulali Mhaisale as Independent Director
For
For
He is a
Government Nominee Director
Jul-
Sep,2016
14-Sep-16
NBCC (INDIA) LTD
AGM
M
Appointment of Mr. C.
Subba Reddy as Independent Director
For
For
He is a
Government Nominee Director
Jul-
Sep,2016
14-Sep-16
NBCC (INDIA) LTD
AGM
M
Appointment of Mr.
Chamarthi Rajendra Raju as Independent Director
For
For
He is a
Government Nominee Director
Jul-
Sep,2016
14-Sep-16
NBCC (INDIA) LTD
AGM
M
Appointment of Mr.
Rajendrasinh Ghanshyamsinh Rana as
Independent Director
For
For
He is a
Government Nominee Director
Jul-
Sep,2016
14-Sep-16
NBCC (INDIA) LTD
AGM
M
Appointment of Mr. Sairam Mocherla as Independent
Director
For
For
He is a
Government Nominee Director
Jul-
Sep,2016
14-Sep-16
NBCC (INDIA) LTD
AGM
M
Increase the Authorised
Share Capital by amending the Capital Clause of the
MOA
For
For
Fund
requirements for Business
Jul-
Sep,2016
15-Sep-16
NLC INDIA LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
15-Sep-16
NLC INDIA LTD
AGM
M
Confirmation of Interim
Dividend and declaration of Final Dividend
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
15-Sep-16
NLC INDIA LTD
AGM
M
Re appointment of Shri
Rakesh Kumar as Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
15-Sep-16
NLC INDIA LTD
AGM
M
Appointment of Shri V.
Thangapandian as Director liable to retire by rotation
For
For
Attended all Board
meetings held after his
appointment
Jul-
Sep,2016
15-Sep-16
NLC INDIA LTD
AGM
M
Appointment of Shri P. Selvakumar as Director
liable to retire by rotation
For
For
Attended all Board
meetings held after his
appointment
Jul-
Sep,2016
15-Sep-16
NLC INDIA LTD
AGM
M
Appointment of Shri
Chandra Prakash Singh as Independent Director not liable to retire by rotation
For
Against
Attended less than
75% Board meetings held
after his appointment
Jul-
Sep,2016
15-Sep-16
NLC INDIA LTD
AGM
M
Appointment of Shri Azad
Singh Toor as Independent Director not liable to retire by
rotation
For
Against
Attended less than
75% Board meetings held
after his appointment
Jul-
Sep,2016
15-Sep-16
NLC INDIA LTD
AGM
M
Appointment of Shri K.
Madhavan Nair as Independent Director not liable to retire by rotation
For
Against
Attended less than
75% Board meetings held
after his appointment
Jul-
Sep,2016
15-Sep-16
NLC INDIA LTD
AGM
M
Payment of remuneration to
Cost Auditors
For
For
Normal Business
Jul-
Sep,2016
16-Sep-16
POWER GRID
CORPORATION LTD.
AGM
M
Adoption of accounts
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
16-Sep-16
POWER GRID
CORPORATION LTD.
AGM
M
Declaration of dividend
For
For
Normal Business
Jul-
Sep,2016
16-Sep-16
POWER GRID
CORPORATION LTD.
AGM
M
To appoint a Director in
place of Dr. Pradeep Kumar who retires by rotation and being eligible offers himself
for re appointment
For
For
Attended more
than 75% of meetings
Jul-
Sep,2016
16-Sep-16
POWER GRID
CORPORATION LTD.
AGM
M
To appoint a Director in place of Ms. Jyoti Arora
who retires by rotation and being eligible offers herself
for reappointment
For
For
She is a
Government nominee Director.
Attended 8 meetings out of 14
meetings.
Jul-
Sep,2016
16-Sep-16
POWER GRID
CORPORATION LTD.
AGM
M
To fix the remuneration of
the Statutory Auditors for the Financial Year 201617
For
For
Normal Business
Jul-
Sep,2016
16-Sep-16
POWER GRID
CORPORATION LTD.
AGM
M
Approve the appointment of Shri Jagdish Ishwarbhai Patel as an Independent
Director
For
For
Attended all Board Meetings post his
appointment.
Jul-
Sep,2016
16-Sep-16
POWER GRID
CORPORATION LTD.
AGM
M
Ratification of remuneration of the Cost Auditors for the
Financial Year 201617
For
For
Normal Business
Jul-
Sep,2016
16-Sep-16
POWER GRID
CORPORATION LTD.
AGM
M
To raise funds in INR or any
other acceptable foreign currency as permitted by
Reserve Bank of India up to Rs14000 Crore from Domestic, external
Overseas sources through issue of secured un-
secured non-convertible non- cumulative redeemable
For
For
Business
Requirement
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
taxable tax free Rupee Linked Bonds
under Private Placement during the Financial year
2017 18 in up to eight tranches offers with without
Green Shoe Option and each tranche offer shall be of up to Rs. 2000 Crore of Bonds exclusive of Green
Shoe Option
Jul-
Sep,2016
16-Sep-16
SYNDICATE BANK
EGM
M
Raise capital by creating
offering issuing and allotting up to 10,60,39,901 equity
shares of face value of Rs. 10 each for cash at Rs. 73.18 determined by the Board in accordance with Regulation 76(1) of SEBI
ICDR Regulations aggregating up to Rs. 776
crore on preferential basis to Government of India
For
For
Business
Requirement
Jul-
Sep,2016
16-Sep-16
SYNDICATE BANK
EGM
M
Elect one Director from
amongst shareholders of the Bank other than Central
Government
For
For
He is B.Tec, IIT
Delhi, and PGDM from IIM
Bangalore and Ph.D from IIT Kanpur. His
credential looks high.
Jul-
Sep,2016
17-Sep-16
ICRA LTD.
PB
M
Sale of the entire
shareholding held by the Company in ICRA Techno
Analytics Ltd, wholly owned subsidiary
For
For
To enhance
company's focus on its core business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
17-Sep-16
SUN
PHARMACEUTICAL INDUSTRIES
LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
17-Sep-16
SUN
PHARMACEUTICAL INDUSTRIES
LTD
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
17-Sep-16
SUN
PHARMACEUTICAL INDUSTRIES
LTD
AGM
M
Re appointment of Mr. Dilip
S. Shanghvi as Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
17-Sep-16
SUN
PHARMACEUTICAL INDUSTRIES
LTD
AGM
M
Appointment of M/s. Deloitte Haskins and Sells Chartered
Accountants as Auditors
For
For
Normal Business
Jul-
Sep,2016
17-Sep-16
SUN
PHARMACEUTICAL INDUSTRIES
LTD
AGM
M
Payment of remuneration to Cost Auditors M/s. Kailash
Sankhlecha and Associates Cost Accountant
For
For
Normal Business
Jul-
Sep,2016
17-Sep-16
SUN
PHARMACEUTICAL INDUSTRIES
LTD
AGM
M
Re appointment of Mr. S. Mohanchand Dadha as Independent Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
17-Sep-16
SUN
PHARMACEUTICAL INDUSTRIES
LTD
AGM
M
Re appointment of Mr. Keki
Mistry as Independent Director
For
For
Attended more
than 75% of meetings
Jul-
Sep,2016
17-Sep-16
SUN
PHARMACEUTICAL INDUSTRIES
LTD
AGM
M
Re appointment of Mr.
Ashwin Dani as Independent Director
For
For
Attended more
than 75% of meetings
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
17-Sep-16
SUN
PHARMACEUTICAL INDUSTRIES
LTD
AGM
M
Re appointment of Mr.
Hasmukh Shah as Independent Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
17-Sep-16
SUN
PHARMACEUTICAL INDUSTRIES
LTD
AGM
M
Re appointment of Ms.
Rekha Sethi as Independent Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
17-Sep-16
SUN
PHARMACEUTICAL INDUSTRIES
LTD
AGM
M
Increase in maximum limit of remuneration to Mr. Dilip S.
Shanghvi as Managing Director
For
For
In line with the
industry considering the
contribution to the Company and
profitability of the Company.
Jul-
Sep,2016
17-Sep-16
SUN
PHARMACEUTICAL INDUSTRIES
LTD
AGM
M
Increase in maximum limit of remuneration to Mr. Sudhir
V. Valia as Whole Time Director
For
For
In line with the
industry considering the
contribution to the Company and
profitability of the Company.
Jul-
Sep,2016
17-Sep-16
SUN
PHARMACEUTICAL INDUSTRIES
LTD
AGM
M
Increase in maximum limit of remuneration to Mr. Sailesh
T. Desai as Whole time Director
For
For
In line with the
industry considering the
contribution to the Company and
profitability of the Company.
Jul-
Sep,2016
17-Sep-16
SUN
PHARMACEUTICAL INDUSTRIES
LTD
AGM
M
Adoption of new set of AOA
For
For
As per Companies
Act
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
17-Sep-16
SUN
PHARMACEUTICAL INDUSTRIES
LTD
AGM
‘ M
Re classification of certain promoter group persons
entities from Promoter and Promoter Group Category
to Public Category
For
For
As per SEBI Requirement
Jul-
Sep,2016
19-Sep-16
ENGINEERS INDIA
LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
19-Sep-16
ENGINEERS INDIA
LTD
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
19-Sep-16
ENGINEERS INDIA
LTD
AGM
M
Re appointment of Mr. Ram
Singh as Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
19-Sep-16
ENGINEERS INDIA
LTD
AGM
M
Re appointment of Mr.
Ashwani Soni as Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
19-Sep-16
ENGINEERS INDIA
LTD
AGM
M
Appointment of Auditors
For
For
Normal Business
Jul-
Sep,2016
19-Sep-16
ENGINEERS INDIA
LTD
AGM
M
Appointment of Dr. Prof Mukesh Khare as Non
Official Part time Independent Director
For
For
Attended all Board
meetings held after his
appointment
Jul-
Sep,2016
19-Sep-16
ENGINEERS INDIA
LTD
AGM
M
Appointment of Mr. S.
Arusha Vasude as Non Official Part time
Independent Director
For
For
Attended all Board
meetings held after his
appointment
Jul-
Sep,2016
19-Sep-16
ENGINEERS INDIA
LTD
AGM
M
Appointment of Mr. Vikas Khushalrao Deshpande as
Non Official Part time Independent Director
For
For
Attended all Board
meetings held after his
appointment
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
19-Sep-16
ENGINEERS INDIA
LTD
AGM
M
Appointment of Mr. Umesh
Chandra Pandey as Non Official Part time
Independent Director
For
For
Attended all Board
meetings held after his
appointment
Jul-
Sep,2016
19-Sep-16
MCX INDIA LTD
AGM
M
Adoption of accounts
For
For
Normal Business
Jul-
Sep,2016
19-Sep-16
MCX INDIA LTD
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
19-Sep-16
MCX INDIA LTD
AGM
M
Ratification of appointment of M/s. Shah Gupta and Co Chartered Accountants as
Statutory Auditors for financial year 201617 to hold office from the conclusion of
the 14th Annual General Meeting till the conclusion of
15th Annual General Meeting
For
For
Normal Business
Jul-
Sep,2016
19-Sep-16
MCX INDIA LTD
AGM
M
To appoint a Director in
place of Mr. Ajai Kumar who retires by rotation and being eligible offers himself for re
appointment
For
For
Attended all Board
Meetings
Jul-
Sep,2016
19-Sep-16
MCX INDIA LTD
AGM
M
To appoint a Director in place of Mr. M. A. K. Prabhu who retires by
rotation and does not seek reappointment and in this
regard to appoint Mr. Chengalath Jayaram as a
Shareholder Director
For
For
A nomination from
Kotak Mahindra Bank
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
19-Sep-16
MCX INDIA LTD
AGM
M
Appointment of Mr. Mr.
Ugank Madhukar Paranjape as a Director
For
For
He has 26 years of experience in
varied areas such as Corporate
Banking, Securities market
and Investor services
Jul-
Sep,2016
19-Sep-16
MCX INDIA LTD
AGM
M
Appointment of Mr. Mr.
Ugank Madhukar Paranjape as Managing Director and Chief Executive Officer of
the Company for a period of three years with effect from 9th May 2016 and payment
of remuneration to him
For
For
He has 26 years of experience in
varied areas such as Corporate
Banking, Securities market
and Investor services
Jul-
Sep,2016
19-Sep-16
MCX INDIA LTD
AGM
M
To approve foreign
investment in the Company up to a maximum cap of 34
percent as against the prescribed sectorial cap of
49 percent
For
For
In line with Law
Jul-
Sep,2016
19-Sep-16
MCX INDIA LTD
AGM
M
To approve ratification of and entering into material related party transactions
with Multi Commodity Exchange Investor Client
Protection Fund
For
For
Transactions are in ordinary course of action and are at arm's length
basis
Jul-
Sep,2016
19-Sep-16
MCX INDIA LTD
AGM
M
To consider and determine the fees for delivery of any
document through a particular mode of delivery
to a Member
For
For
To meet the
expense.
Jul-
Sep,2016
21-Sep-16
BHARAT
PETROLEUM
AGM
M
Adoption of accounts
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
CORPORATION LTD.
Jul-
Sep,2016
21-Sep-16
BHARAT
PETROLEUM CORPORATION
LTD.
AGM
M
Declaration of dividend
For
For
Normal Business
Jul-
Sep,2016
21-Sep-16
BHARAT
PETROLEUM CORPORATION
LTD.
AGM
M
To appoint a Director in place of Shri Shrikant
Prakash Gathoo Director who retires by rotation and being eligible offers himself
for re appointment
For
For
Attended all Board
Meetings
Jul-
Sep,2016
21-Sep-16
BHARAT
PETROLEUM CORPORATION
LTD.
AGM
M
To authorise the Board of
Directors of the Company to fix the remuneration of the Joint Statutory Auditors of
the Company for the Financial Year2016-17
For
For
Normal Business
Jul-
Sep,2016
21-Sep-16
BHARAT
PETROLEUM CORPORATION
LTD.
AGM
M
Approval of Private Placement of Non-Convertible Bonds
Debentures and or Debt Securities
For
For
Fund requirements for
Business
Jul-
Sep,2016
21-Sep-16
BHARAT PETROLEUM
CORPORATION LTD.
AGM
M
Approval of Material Related
Party Transactions
For
For
Transactions are in ordinary course of action and are at arm's length
basis
Jul-
Sep,2016
21-Sep-16
BHARAT
PETROLEUM CORPORATION
LTD.
AGM
M
Appointment of Shri Rajesh
Kumar Mangal as an Independent Director
For
For
Attended all Board Meetings during
his tenure
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
21-Sep-16
BHARAT
PETROLEUM CORPORATION
LTD.
AGM
M
Appointment of Shri Deepak Bhojwani as an Independent
Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
21-Sep-16
BHARAT
PETROLEUM CORPORATION
LTD.
AGM
M
Appointment of Shri Gopal
Chandra Nanda as an Independent Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
21-Sep-16
BHARAT
PETROLEUM CORPORATION
LTD.
AGM
M
Appointment of Shri Anant
Kumar Singh as Government Nominee
Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
21-Sep-16
BHARAT
PETROLEUM CORPORATION
LTD.
AGM
M
Appointment of Shri Ramesh
Srinivasan as Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
21-Sep-16
BHARAT
PETROLEUM CORPORATION
LTD.
AGM
M
Appointment of Shri
Ramamoorthy Ramachandran as Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
21-Sep-16
BHARAT
PETROLEUM CORPORATION
LTD.
AGM
M
Approval of Remuneration of
the Cost Auditors for the Financial Year 2016-17
For
For
Normal Business
Jul-
Sep,2016
21-Sep-16
STEEL
AUTHORITY OF INDIA LTD.
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
21-Sep-16
STEEL
AUTHORITY OF INDIA LTD.
AGM
M
Re appointment of Shri
Binod Kumar as Director
For
For
Attended more
than 75% Board Meetings
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
21-Sep-16
STEEL
AUTHORITY OF INDIA LTD.
AGM
M
Payment of remuneration to
Auditors
For
For
Normal Business
Jul-
Sep,2016
21-Sep-16
STEEL
AUTHORITY OF INDIA LTD.
AGM
M
Appointment of Shri P. K.
Dash as Independent Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
21-Sep-16
STEEL
AUTHORITY OF INDIA LTD.
AGM
M
Appointment of Prof Ashok
Gupta as Independent Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
21-Sep-16
STEEL
AUTHORITY OF INDIA LTD.
AGM
M
Appointment of Shri Pramod
Bindal as Independent Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
21-Sep-16
STEEL
AUTHORITY OF INDIA LTD.
AGM
M
Appointment of Mr. S. Anshu
Vaish as Independent Director
For
For
Attended more
than 75% Board Meetings during
his term
Jul-
Sep,2016
21-Sep-16
STEEL
AUTHORITY OF INDIA LTD.
AGM
M
Appointment of Dr. N.
Mohapatra as Whole time Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
21-Sep-16
STEEL
AUTHORITY OF INDIA LTD.
AGM
M
Appointment of Shri G.
Vishwakarma as Whole time Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
21-Sep-16
STEEL
AUTHORITY OF INDIA LTD.
AGM
M
Appointment of Shri Raman
as Whole time Director
For
For
He is B.Tech from BIT, Government Nominee Director.
He has also worked in SAIL.
Jul-
Sep,2016
21-Sep-16
STEEL
AUTHORITY OF INDIA LTD.
AGM
M
Borrow and Creation of
charge up to Rs 5000 crore
For
For
Business
Requirement
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
21-Sep-16
STEEL
AUTHORITY OF INDIA LTD.
AGM
M
Payment of remuneration to Cost Auditors M/s. R J Goel
and Co Cost Accountant
For
For
Normal Business
Jul-
Sep,2016
22-Sep-16
BHARAT
ELECTRONICS LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
22-Sep-16
BHARAT
ELECTRONICS LTD
AGM
M
Confirmation of Interim
Dividend and declaration of Final Dividend
For
For
Normal Business
Jul-
Sep,2016
22-Sep-16
BHARAT
ELECTRONICS LTD
AGM
M
Re appointment of Mr. M. L.
Shanmukh as Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
22-Sep-16
BHARAT
ELECTRONICS LTD
AGM
M
Appointment of Statutory
Auditors
For
For
Normal Business
Jul-
Sep,2016
22-Sep-16
BHARAT
ELECTRONICS LTD
AGM
M
Appointment of Mr. S.
Kusum Singh as Director
For
For
Attended all Board Meetings during
her tenure
Jul-
Sep,2016
22-Sep-16
BHARAT
ELECTRONICS LTD
AGM
M
Appointment of Dr. Bhaskar
Ramamurthi as Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
22-Sep-16
BHARAT
ELECTRONICS LTD
AGM
M
Appointment of Dr. R. K. Shevgaonkar as Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
22-Sep-16
BHARAT
ELECTRONICS LTD
AGM
M
Appointment of Mr. S. Usha
Mathur as Director
For
For
Attended all Board Meetings during
her tenure
Jul-
Sep,2016
22-Sep-16
BHARAT
ELECTRONICS LTD
AGM
M
Appointment of Mr. Sharad
Sanghi as Director
For
Against
Attended less than
75% Board Meetings
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
22-Sep-16
BHARAT
ELECTRONICS LTD
AGM
M
Appointment of Mr. Girish
Kumar as Director
For
For
He is Government Nominee Director
Jul-
Sep,2016
22-Sep-16
BHARAT
ELECTRONICS LTD
AGM
M
Appointment of Mr. Nataraj
Krishnappa as Director
For
For
He is Government Nominee Director
Jul-
Sep,2016
22-Sep-16
BHARAT
ELECTRONICS LTD
AGM
M
Payment of remuneration to Cost Auditors M/s. GNV and Associates Cost Accountant
For
For
Normal Business
Jul-
Sep,2016
22-Sep-16
GUJARAT.STATE.PETRONET LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
22-Sep-16
GUJARAT.STATE.PETRONET LTD
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
22-Sep-16
GUJARAT.STATE.PETRONET LTD
AGM
M
Re appointment of Smt.
Shridevi Shukla as Director
For
For
Attended all Board Meetings during
her tenure
Jul-
Sep,2016
22-Sep-16
GUJARAT.STATE.PETRONET LTD
AGM
M
Appointment of Statutory
Auditors
For
For
Normal Business
Jul-
Sep,2016
22-Sep-16
GUJARAT.STATE.PETRONET LTD
AGM
M
Appointment of Dr. Sudhir
Kumar Jain as Independent Director
For
Against
Attended less than
75% Board Meetings
Jul-
Sep,2016
22-Sep-16
GUJARAT.STATE.PETRONET LTD
AGM
M
Appointment of Shri Bhadresh Mehta as
Independent Director
For
For
Attended all Board Meetings during
her tenure
Jul-
Sep,2016
22-Sep-16
GUJARAT.STATE.PETRONET LTD
AGM
M
Appointment of Shri Sujit
Gulati IAS as Director
For
For
He is a
Mechanical Engineer and an IAS officer of the
Gujarat Cadre
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
since 1985. He is having varied and
rich experience and has served as
Joint Secretary and Financial
Advisor, Ministry of Mines of
Government of India.
Jul-
Sep,2016
22-Sep-16
GUJARAT.STATE.PETRONET LTD
AGM
M
Payment of remuneration to Cost Auditors M/s. R K Patel
and Co, Cost Accountant
For
For
Normal Business
Jul-
Sep,2016
22-Sep-16
GUJARAT.STATE.PETRONET LTD
AGM
M
Payment of remuneration to Shri M. M. Srivastava IAS as
Chairman
For
For
Attended all Board
Meetings
Jul-
Sep,2016
22-Sep-16
NHPC LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
22-Sep-16
NHPC LTD
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
22-Sep-16
NHPC LTD
AGM
M
Appoint a Director in place of Shri Jayant Kumar who
retires by rotation and being eligible offers himself for re
appointment for the remaining term at the
pleasure of the President of India
For
For
Attended all Board meetings since his
appointment
Jul-
Sep,2016
22-Sep-16
NHPC LTD
AGM
M
Appoint a Director in place of Shri Radheshyam Mina who retires by rotation and being eligible offers himself for re appointment for the
remaining term at the
For
For
Attended all Board meetings since his
appointment
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
pleasure of the President of India
Jul-
Sep,2016
22-Sep-16
NHPC LTD
AGM
M
To authorize Board of
Directors to fix the remuneration of the Joint Statutory Auditors for the financial year 2016-2017
For
For
Normal Business
Jul-
Sep,2016
22-Sep-16
NHPC LTD
AGM
M
Ratification of the
remuneration of the Cost Auditors for the financial
year 2016-2017
For
For
Normal Business
Jul-
Sep,2016
22-Sep-16
NHPC LTD
AGM
M
Appointment of Shri Krishna Mohan Singh as Chairman
and Managing Director
For
For
Attended all Board meetings since his
appointment
Jul-
Sep,2016
22-Sep-16
NHPC LTD
AGM
M
Appointment of Shri Ratish
Kumar as Director
For
For
Attended all Board meetings since his
appointment
Jul-
Sep,2016
22-Sep-16
NHPC LTD
AGM
M
Appointment of Shri Balraj
Joshi as Director
For
For
He joined the Company in
October 1982 and has distinguished
career
Jul-
Sep,2016
22-Sep-16
NHPC LTD
AGM
M
Appointment of Shri Satya
Prakash Mangal as Independent Director
For
For
Attended all Board meetings since his
appointment
Jul-
Sep,2016
22-Sep-16
NHPC LTD
AGM
M
Appointment of Prof Arun
Kumar as Independent Director
For
For
Attended all Board meetings since his
appointment
Jul-
Sep,2016
22-Sep-16
NHPC LTD
AGM
M
Appointment of Prof. Kanika
T Bhal as Independent Director
For
For
Attended all Board meetings since his
appointment
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
22-Sep-16
NHPC LTD
AGM
M
Appointment of Shri Farooq
Khan as Independent Director
For
For
Attended all Board meetings since his
appointment
Jul-
Sep,2016
22-Sep-16
NHPC LTD
AGM
M
Issue of secured
secured/unsecured, redeemable, non-
convertible, debentures/bonds
aggregating up to Rs. 4500 crores through private
placement
For
For
Business
requirement
Jul-
Sep,2016
22-Sep-16
SJVN LTD
AGM
M
Adoption of accounts
For
For
Normal Business
Jul-
Sep,2016
22-Sep-16
SJVN LTD
AGM
M
To confirm the payment of
Interim Dividend of Rs. 0.63 per share and to declare the
final dividend on equity shares for the financial year
2015/16
For
For
Normal Business
Jul-
Sep,2016
22-Sep-16
SJVN LTD
AGM
M
To appoint a Director in
place of Shri Rakesh Kumar Bansal who retires by
rotation and being eligible offers himself for re
appointment
For
For
Attended all Board
Meetings
Jul-
Sep,2016
22-Sep-16
SJVN LTD
AGM
M
To appoint a Director in
place of Shri Amarjit Singh Bindra who retires by
rotation and being eligible offers himself for re
appointment
For
For
Attended all Board
Meetings
Jul-
Sep,2016
22-Sep-16
SJVN LTD
AGM
M
For
For
Attended all Board
meetings held
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Approval of appointment of Shri Ganesh Dutt as Independent Director
after his appointment
Jul-
Sep,2016
22-Sep-16
SJVN LTD
AGM
M
Approval of appointment of
Shri Pravinbhai Patel as Independent Director
For
For
Attended all Board
meetings held after his
appointment
Jul-
Sep,2016
22-Sep-16
SJVN LTD
AGM
M
Approval of appointment of Shri Shamsher Singh Uppal
as Independent Director
For
For
Attended all Board
meetings held after his
appointment
Jul-
Sep,2016
22-Sep-16
SJVN LTD
AGM
M
Approval of appointment of
Dr. Rajni Sarin as Independent Director
For
For
Attended all Board
meetings held after his
appointment
Jul-
Sep,2016
22-Sep-16
SJVN LTD
AGM
M
Ratification of Remuneration
of Cost Auditor for the Financial Year 2016-17
For
For
Normal Business
Jul-
Sep,2016
23-Sep-16
GAIL (INDIA) LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
23-Sep-16
GAIL (INDIA) LTD
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
23-Sep-16
GAIL (INDIA) LTD
AGM
M
Re appointment of Shri Subir Purkayastha as
Director
For
For
Attended more
than 75% Board Meetings during
his term
Jul-
Sep,2016
23-Sep-16
GAIL (INDIA) LTD
AGM
M
Re appointment of Shri
Ashutosh Jindal as Director
For
For
Attended more
than 75% Board Meetings during
his term
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
23-Sep-16
GAIL (INDIA) LTD
AGM
M
Appointment of Auditors
For
For
Normal Business
Jul-
Sep,2016
23-Sep-16
GAIL (INDIA) LTD
AGM
M
Appointment of Shri Sanjay
Kumar Srivastava as Independent Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
23-Sep-16
GAIL (INDIA) LTD
AGM
M
Appointment of Shri Anupa Kulshrestha as Independent
Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
23-Sep-16
GAIL (INDIA) LTD
AGM
M
Appointment of Shri Sanjay
Tandon as Independent Director
For
For
Attended all Board Meetings during
his tenure
Jul-
Sep,2016
23-Sep-16
GAIL (INDIA) LTD
AGM
M
Payment of remuneration to
Cost Auditors
For
For
Normal Business
Jul-
Sep,2016
23-Sep-16
GAIL (INDIA) LTD
AGM
M
Enter into contracts with
other related parties
For
For
Transactions are in ordinary course of action and are at arm's length
basis
Jul-
Sep,2016
23-Sep-16
GAIL (INDIA) LTD
AGM
M
Borrow up to Rs. 2500 crore
For
For
Business
Requirement
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Declaration of Dividend
For
For
Normal Business
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Re appointment of Mr. Shailendra K Jain as
Director
For
For
Attended more
than 75% Board Meetings
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Re appointment of Mr. s
Rajashree Birla as Director
For
For
She is from the promoter group, and attended 1
meeting out of 6.
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Re appointment of M s G P Kapadia and Co Chartered
Accountants as Auditors
For
For
Normal Business
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Appointment of M s BSR and Co LLP Chartered
Accountants as Auditors
For
For
Normal Business
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Appointment of Mr. K K
Maheshwari as Non-Executive Director
For
For
Attended all Board
Meetings
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Appointment of Mr. Arun Kannan Thaigarajan as Independent Director
For
For
He has done
M.Sc., Eng., and was associated
with ABB, Aditya Birla Fashion,
Alstom India, and GMR Group. His vast experience will benefit the
Company
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Appointment of Mr. Dilip
Gaur as Director
For
For
He joined the
Company & was appointed as
Managing Director.
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Appointment of Mr. Dilip
Gaur as Managing Director
For
For
He joined the
Company & was appointed as
Managing Director.
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Payment of Commission to the Non-Executive Director
For
For
In line with Act
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Issuance of Non-Convertible
Debentures on private placement basis
For
For
Business
Requirement
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Payment of remuneration to Cost Auditors M s D C Dave
and Co Cost Accountant
For
For
Normal Business
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Subdivision of Equity Shares
of the Company
For
For
Investor friendly
measure
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Alteration of MOA
For
For
Change in Capital
Clause
Jul-
Sep,2016
23-Sep-16
GRASIM
INDUSTRIES LTD
AGM
M
Alteration of AOA
For
For
Change in Capital
Clause
Jul-
Sep,2016
23-Sep-16
Jagran Prakashan
Limited
AGM
M
Consideration and adoption
of Standalone and Consolidated Audited
Balance Sheet Statement of Profit and Loss with the
Report of Board of Directors and the Auditors thereon for the financial year ended 31st
March 2016
For
For
Normal Business
Jul-
Sep,2016
23-Sep-16
Jagran Prakashan
Limited
AGM
M
Re appointment of Mr. Sunil
Gupta as a Director who retires by rotation
For
For
Attended all Board
Meetings
Jul-
Sep,2016
23-Sep-16
Jagran Prakashan
Limited
AGM
M
Re appointment of Mr.
Satish Chandra Mishra as a
For
For
Attended all Board
Meetings
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Director who retires by rotation
Jul-
Sep,2016
23-Sep-16
Jagran Prakashan
Limited
AGM
M
Appointment of Auditors and
fixing their remuneration
For
For
Normal Business
Jul-
Sep,2016
23-Sep-16
Jagran Prakashan
Limited
AGM
M
Re appointment of Ms. Anita Nayyar as an Independent Director of the Company for a term up to the conclusion
of the Annual General Meeting of the Company to be held in the calendar year
2019
For
Against
Attended less than
75% Board Meetings
Jul-
Sep,2016
23-Sep-16
Jagran Prakashan
Limited
AGM
M
Appointment of Mr. Vikram Sakhuja as an Independent Director of the Company to hold office for a term up to
the Annual General Meeting to be held in the calendar
year 2020
For
For
He is an engineer
from IIT Delhi, with an MBA from IIM Calcutta. He has more than 8
years of experience in
Media
Jul-
Sep,2016
23-Sep-16
Jagran Prakashan
Limited
AGM
M
Re appointment of Mr.
Mahendra Mohan Gupta as Chairman and Managing
Director of the Company for a further period of five years with effect from October 01
2016
For
For
Attended all Board
Meetings
Jul-
Sep,2016
23-Sep-16
Jagran Prakashan
Limited
AGM
M
Re appointment of Mr.
Sanjay Gupta as a Whole Time Director and
designated as Chief Executive Officer of the
Company for a further period
For
For
Attended all Board
Meetings
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
of five years with effect from October 01, 2016
Jul-
Sep,2016
23-Sep-16
Jagran Prakashan
Limited
AGM
M
Re appointment of Mr.
Shailesh Gupta as a Whole Time Director of the
Company for a further period of five years with effect from
October 01, 2016
For
For
Attended all Board
Meetings
Jul-
Sep,2016
23-Sep-16
Jagran Prakashan
Limited
AGM
M
Re- appointment of Mr.
Dhirendra Mohan Gupta as a Whole Time Director of the Company for further period of five years with effect from
October 01, 2016
For
For
Attended more
than 75% Board Meetings.
Jul-
Sep,2016
23-Sep-16
Jagran Prakashan
Limited
AGM
M
Re appointment of Mr. Sunil
Gupta as a Whole Time Director of the Company for a further period of five years with effect from October 01,
2016
For
For
Attended all Board
Meetings
Jul-
Sep,2016
24-Sep-16
RAMAKRISHNA FORGINGS LTD
AGM
M
Adoption of accounts
For
For
Normal Business
Jul-
Sep,2016
24-Sep-16
RAMAKRISHNA FORGINGS LTD
AGM
M
Declaration of dividend
For
For
Normal Business
Jul-
Sep,2016
24-Sep-16
RAMAKRISHNA FORGINGS LTD
AGM
M
Appointment of Director in
place of Mr. Mahabir Prasad Jalan who retires by rotation
and being eligible, offers himself for
reappointment.
For
For
Attended all Board
Meetings
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
24-Sep-16
RAMAKRISHNA FORGINGS LTD
AGM
M
Reification of the
appointment of M/s. Singhi and Co Chartered
Accountants as Statutory Auditors from the conclusion
of this AGM until the conclusion of the next AGM
of the Company
For
For
Normal Business
Jul-
Sep,2016
24-Sep-16
RAMAKRISHNA FORGINGS LTD
AGM
M
Appointment of M/s. Jitendra
K Agarwal and Associates as the Statutory Auditors of
the Company from the conclusion of this AGM until the conclusion of the 39th
AGM of the Company
For
For
Normal Business
Jul-
Sep,2016
24-Sep-16
RAMAKRISHNA FORGINGS LTD
AGM
M
Appointment of Mr.
Sandipan Chakravortty who is hereby appointed as an
Independent Director of the Company for a term of 5
consecutive years
For
For
He is B.E. and M.E. from IIT
Kharagpur. He has served Tata
Steel from 1975 to 2001. His
experience will help the company
Jul-
Sep,2016
24-Sep-16
RAMAKRISHNA FORGINGS LTD
AGM
M
Appointment of Mr. Partha Sarathi Bhatacharyya as an Independent Director for a
term of 5 years
For
For
He was CMD of Bharat Cocking
Coal Ltd fro. 2003 to 2011. He was associated with
Western Coalfields ltd,
Coal India.
Jul-
Sep,2016
24-Sep-16
RAMAKRISHNA FORGINGS LTD
AGM
M
Ratification of the
Remuneration to be paid to M/s. U Sharma & Associates
Cost Accountants as the Cost Auditors for the
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
financial year ending March31 2017
Jul-
Sep,2016
24-Sep-16
RAMAKRISHNA FORGINGS LTD
AGM
M
Re appointment of Mr.
Mahabir Prasad Jalan as the while Director designated as Chairman of the Company
for a period of 5 years
For
For
Attended all Board
Meetings
Jul-
Sep,2016
24-Sep-16
RAMAKRISHNA FORGINGS LTD
AGM
M
Re appointment of Mr. Naresh Jalan as the
Managing Director of the Company for a period of 5
years
For
For
Attended all Board
Meetings
Jul-
Sep,2016
24-Sep-16
RAMAKRISHNA FORGINGS LTD
AGM
M
Re appointment of Mr.
Pawan Kumar Kedia as the while Director designated as
Director Finance of the Company for a period of 3
years
For
For
Attended all Board
Meetings
Jul-
Sep,2016
24-Sep-16
RAMAKRISHNA FORGINGS LTD
AGM
M
Re pricing of exercise price
of ESOP Scheme 2015
For
For
Incentive to employee
Jul-
Sep,2016
24-Sep-16
RAMAKRISHNA FORGINGS LTD
AGM
M
Payment for service of
documents
For For
To meet expenses
Jul-
Sep,2016
28-Sep-16
SADBHAV
ENGINEERING LTD
AGM
M
Consider and adopt Audited Financial Statement Report
of the Board of Directors and Auditors Audited
Consolidated Financial Statement
For
For
Normal Business
Jul-
Sep,2016
28-Sep-16
SADBHAV
ENGINEERING LTD
AGM
M
Declaration of Dividend on
Equity Shares
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
28-Sep-16
SADBHAV
ENGINEERING LTD
AGM
M
Re Appointment of Mr. Vasistha C. Patel who
retires by rotation
For
Against
Attended less than
75% Board Meetings.
Jul-
Sep,2016
28-Sep-16
SADBHAV
ENGINEERING LTD
AGM
M
Re Appointment of Mr.
Vikram Kumar R. Patel who retires by rotation
For
For
Attended more
than 75% Board Meetings.
Jul-
Sep,2016
28-Sep-16
SADBHAV
ENGINEERING LTD
AGM
M
Ratification of appointment of Statutory Auditors and fixing their remuneration
For
For Normal Business
Jul-
Sep,2016
28-Sep-16
SADBHAV
ENGINEERING LTD
AGM
M
To appoint Mr. Vipul H. Patel as an Additional
Director of the Company
For
For
He is B.E.Civil
having more than 12 years'
experience in the field of Road
sector, Metro Rail, Irrigation Buildings and Mining sector
Jul-
Sep,2016
28-Sep-16
SADBHAV
ENGINEERING LTD
AGM
M
To appoint Mr. Vipul H. Patel as a Whole time
Director of the Company for a period of three Years
For
For
He is B.E.Civil
having more than 12 years'
experience in the field of Road
sector, Metro Rail, Irrigation Buildings and Mining sector
Jul-
Sep,2016
28-Sep-16
SADBHAV
ENGINEERING LTD
AGM
M
Ratification of Remuneration
to Cost Auditor
For
For
Normal Business
Jul-
Sep,2016
28-Sep-16
SADBHAV
ENGINEERING LTD
AGM
M
To approve conversion of
loan into equity
For
For
Business purpose.
New projects Company need equity. Earlier Company has
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
passed resolution for borrowing in
AGM for Rs. 2000 crs. Company has borrowed money from Banks/FPIs
by executing documents which also includes one of the condition of
conversion
Jul-
Sep,2016
29-Sep-16
GUJARAT GAS
LTD
AGM
M
Adoption of accounts
For
For
Normal Business
Jul-
Sep,2016
29-Sep-16
GUJARAT GAS
LTD
AGM
M
To declare Dividend on
Equity Shares
For
For
Normal Business
Jul-
Sep,2016
29-Sep-16
GUJARAT GAS
LTD
AGM
M
To re appoint a Director in
place of Shri Sanjeev Kumar IAS who retires by rotation
and being eligible offers himself for reappointment
For
For
Attended all Board Meetings during
her tenure
Jul-
Sep,2016
29-Sep-16
GUJARAT GAS
LTD
AGM
M
To authorise the Board of
Directors of the Company to fix the remuneration of
Statutory Auditors of the Company for the FY 2016-
2017 in terms of the provisions of Section 142 of
Companies Act 2013
For
For
Normal Business
Jul-
Sep,2016
29-Sep-16
GUJARAT GAS
LTD
AGM
M
Appointment of Dr. J.N.
Singh IAS as Director not liable to retire by rotation
For
For
Attended all Board Meetings during
her tenure
Jul-
Sep,2016
29-Sep-16
GUJARAT GAS
LTD
AGM
M
Appointment of Shri Sujit Gulati IAS as Director not liable to retire by rotation
For
For
Attended all Board Meetings during
her tenure
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
29-Sep-16
GUJARAT GAS
LTD
AGM
M
Appointment of Dr. T.
Natarajan IAS as Director liable to retire by rotation
For
For
Attended all Board Meetings during
her tenure
Jul-
Sep,2016
29-Sep-16
GUJARAT GAS
LTD
AGM
M
Ratification of remuneration
of Cost Auditors
For
For
Normal Business
Jul-
Sep,2016
29-Sep-16
HEALTHCARE
GLOBAL ENTERPRISES
LTD
AGM
M
Adoption of Financial
Statements for the year ended March 31, 2016
For
For
Normal Business
Jul-
Sep,2016
29-Sep-16
HEALTHCARE
GLOBAL ENTERPRISES
LTD
AGM
M
Re appointment of Mr.
Gangadhara Ganapati as a Director
For
For
Attended all Board
Meetings.
Jul-
Sep,2016
29-Sep-16
HEALTHCARE
GLOBAL ENTERPRISES
LTD
AGM
M
Retirement by rotation of Mr. Prakash Parthasarathy as a
Director
For
For
Attended more
than 75% Board Meetings
Jul-
Sep,2016
29-Sep-16
HEALTHCARE
GLOBAL ENTERPRISES
LTD
AGM
M
Ratification of the
appointment of Deloitte Haskins and Sells as
Statutory Auditors
For
For
Normal Business
Jul-
Sep,2016
29-Sep-16
HEALTHCARE
GLOBAL ENTERPRISES
LTD
AGM
M
Ratification of remuneration
payable to Cost Auditors
For
For
Normal Business
Jul-
Sep,2016
29-Sep-16
HEALTHCARE
GLOBAL ENTERPRISES
LTD
AGM
M
Approval for revision in
remuneration of Dr. B. S. Ajai Kumar Whole time Director designated as Chairman subject to approval of Central
Government
For
For
In line with
industry and variable
remuneration will depend upon performance.
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
29-Sep-16
HEALTHCARE
GLOBAL ENTERPRISES
LTD
AGM
M
Approval for FIIs FPIs QFIs to invest in the equity of the Company to 100 percent of paid up equity share capital
of the Company from the present allowed limits of 24
percent of paid up equity share capital of the
Company
For
For
In line with new
guidelines
Jul-
Sep,2016
29-Sep-16
HEALTHCARE
GLOBAL ENTERPRISES
LTD
AGM
M
Approval to make further
grants or allot shares under an existing Employee Stock
Option Scheme of the Company
For
For
Employee
Incentive scheme
Jul-
Sep,2016
29-Sep-16
INDRAPRASTHA
GAS LTD
AGM
M
To consider and adopt the
audited financial statements for FY ended 31.03.2016 the
Reports of the Board of Directors and Auditors
thereon and the audited consolidated financial
Statements for FY ended 31.03.2016 and the reports
of Auditors thereon
For
For
Normal Business
Jul-
Sep,2016
29-Sep-16
INDRAPRASTHA
GAS LTD
AGM
M
To declare a dividend on
equity shares
For
For
Normal Business
Jul-
Sep,2016
29-Sep-16
INDRAPRASTHA
GAS LTD
AGM
M
To appoint a Director in
place of Shri M. Ravindran, who retires by rotation and being eligible offers himself
for reappointment
For
For
Attended all Board
Meetings.
Jul-
Sep,2016
29-Sep-16
INDRAPRASTHA
GAS LTD
AGM
M
Approval of remuneration
payable to Statutory Auditors of the Company
For
For
Normal Business
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jul-
Sep,2016
29-Sep-16
INDRAPRASTHA
GAS LTD
AGM
M
Appointment of Shri Narendra Kumar as
Managing Director and approval of his remuneration
For
For
Attended all Board
Meetings.
Jul-
Sep,2016
29-Sep-16
INDRAPRASTHA
GAS LTD
AGM
M
Appointment of Shri E. S.
Ranganathan as a Director of the Company not liable to
retire by rotation
For
For
He is nominated by GAIL India Ltd
Jul-
Sep,2016
29-Sep-16
INDRAPRASTHA
GAS LTD
AGM
M
Appointment of Shri E. S.
Ranganathan as Managing Director and approval of his
remuneration
For
For
He is nominated by GAIL India Ltd
Jul-
Sep,2016
29-Sep-16
INDRAPRASTHA
GAS LTD
AGM
M
Ratification of the
remuneration payable to Cost Auditors of the
Company for the financial year ending 31st March
2017
For
For
Normal Business
Jul-
Sep,2016
29-Sep-16
INDRAPRASTHA
GAS LTD
AGM
M
Approval of material Related Party Transactions under a contract entered with GAIL
India Limited
For
For
Transactions are entered into at a
price to be decided by Govt.
of India.
Jul-
Sep,2016
29-Sep-16
INDRAPRASTHA
GAS LTD
AGM
M
Approval of material Related Party Transactions under a contract entered with GAIL
India Limited
For
For
Transactions are entered into at a
price to be decided by Govt.
of India.
Jul-
Sep,2016
29-Sep-16
INDRAPRASTHA
GAS LTD
AGM
M
Authority to the Board of
Directors us 180(1)(c) of the Companies Act 2013 to
borrow moneys for business purposes of the Company
For
For
Business requirement
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
for an amount up to Rs. 4000 crores
Jul-
Sep,2016
29-Sep-16
INDRAPRASTHA
GAS LTD
AGM
M
Authority to the Board of
Directors us 180(1)(a) of the Companies Act 2013 to mortgage and or create charge on assets of the
Company for an amount up to Rs. 4000 crores
For
For
Business requirement
Jul-
Sep,2016
30-Sep-16
PNC INFRATECH
LTD
AGM
M
Consider and adopt the
audited Standalone Financial Statement of the
Company for the year ended March 31, 2016 and the
report of the Board of Directors and Auditors there
on the audited Consolidated Financial
Statement of the Company for the financial year ended
March 31, 2016 and the report of the Auditors
thereon
For
For Normal Business
Jul-
Sep,2016
30-Sep-16
PNC INFRATECH
LTD
AGM
M
Declare dividend on Equity
Shares for the financial year ended 31st March 2016
For
For
Normal Business
Jul-
Sep,2016
30-Sep-16
PNC INFRATECH
LTD
AGM
M
Appoint a Director in place
of Shri Chakresh Kumar Jain Managing Director who
retires by rotation and being eligible offers himself for re
appointment
For
For
Attended all Board
Meetings.
Jul-
Sep,2016
30-Sep-16
PNC INFRATECH
LTD
AGM
M
Appoint a Director in place of Shri Yogesh Kumar Jain
Managing Director who
For
For
Attended all Board
Meetings.
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
retires by rotation and being eligible offers himself for re
appointment
Jul-
Sep,2016
30-Sep-16
PNC INFRATECH
LTD
AGM
M
Re appointment of M/s.
Purushottam Agrawal and Company Statutory Auditor
of the Company
For
For
Normal Business
Jul-
Sep,2016
30-Sep-16
PNC INFRATECH
LTD
AGM
M
Re appointment of M/s. S S Kothari Mehta and Co, Joint
Statutory Auditor of the Company
For
For
Normal Business
Jul-
Sep,2016
30-Sep-16
PNC INFRATECH
LTD
AGM
M
Ratify remuneration of Cost Auditors of the Company for
FY 2016 -17
For
For
Normal Business
Jul-
Sep,2016
30-Sep-16
PNC INFRATECH
LTD
AGM
M
Re Appoint Mr. Pradeep
Kumar Jain, Chairman and Managing Director
For
For
He is Chairman and Managing Director of the
Company
Jul-
Sep,2016
30-Sep-16
PNC INFRATECH
LTD
AGM
M
Re Appoint Mr. Chakresh
Kumar Jain Managing Director
For
For
Attended all Board
Meetings.
Jul-
Sep,2016
30-Sep-16
PNC INFRATECH
LTD
AGM
M
Re Appoint Mr. Yogesh Kumar Jain Managing
Director
For
For
Attended all Board
Meetings.
Jul-
Sep,2016
30-Sep-16
PNC INFRATECH
LTD
AGM
M
Re Appoint Mr. Anil Kumar Rao Whole Time Director
For
Against
Attended less than
75% Board Meetings
Oct-
Dec,2016
03-Oct-16
INDIAN OIL
CORPORATION LTD
PB
M
Authorize capitalization of reserves for bonus issue
For
For
Steps to reward
investors.
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Oct-
Dec,2016
10-Oct-16
GRASIM
INDUSTRIES LTD
EGM
M
Approve increase in limit on
foreign shareholdings
For
For
Investors' friendly
measures.
Oct-Dec,2016
20-Oct-16
ULTRATECH CEMENT LTD
CRT
M
Scheme of Arrangement
under Sections 391 to 394 of the Companies Act 1956
between Jaiprakash Associates Limited and
Jaypee Cement Corporation Limited and UltraTech
Cement Limited and their re spective shareholders and
creditors
For
For
The scheme is in
line with the Company's
strategy to grow inorganically
Oct-
Dec,2016
26-Oct-16
KARUR VYSYA
BANK LTD
PB
M
Subdivision of shares
For
For
To improve
liquidity
Oct-
Dec,2016
26-Oct-16
KARUR VYSYA
BANK LTD
PB
M
Alteration of the capital
clause of the MOA of the Bank
For
For
Business purpose
Oct-
Dec,2016
26-Oct-16
KARUR VYSYA
BANK LTD
PB
M
Alteration of Article 3 and
article 25 of the AOA of the Bank
For
For
Internal
Management
Oct-
Dec,2016
08-Dec-16
CAPITAL FIRST
LIMITED
EGM
M
To offer issue and allot
equity shares on preferential basis
For
For
Capital required for growth of the
Company. Placement is at Rs.712, which is significant above
market value now.
Oct-
Dec,2016
09-Dec-16
HINDALCO INDS
LTD
EGM
M
Issue of Securities
For
For
Fund required for
growth of the Company.
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Oct-
Dec,2016
17-Dec-16
JSW STEEL
PB
M
Subdivision of Equity Shares
of the Company from the Face Value of Rs. 10 per
Equity Shares to Re. 1 per Equity Shares
For
For
To improve
liquidity
Oct-
Dec,2016
17-Dec-16
JSW STEEL
PB
M
Alteration of the Capital
Clause in the Memorandum of Association
For
For
Change in Capital
Clause
Oct-
Dec,2016
17-Dec-16
JSW STEEL
PB
M
Alteration of the Capital Clause of the Articles of
Association
For
For
Change in Capital
Clause
Oct-
Dec,2016
17-Dec-16
JSW STEEL
PB
M
Enter into various related
party transactions with JSW International Tradecorp Pte
Ltd Singapore
For
For
Transactions to be entered into at all times be on arm's length basis and
ordinary course of the Company.
Oct-
Dec,2016
18-Dec-16
MUTHOOT
FINANCE LTD
PB
M
Under Section 13 of the
Companies Act 2013 and the Rules made thereunder for shifting sub clause (13) and (15) of clause III (C) of Other Objects to Clause III
(A) of the Main Objects
For
For
Business purpose
Oct-
Dec,2016
18-Dec-16
MUTHOOT
FINANCE LTD
PB
M
Under Section 13 of the
Companies Act 2013 and the Rules made thereunder
for inserting a new sub clause under Clause III A to
carry out mutual fund activities
For
For
Business purpose
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Oct-
Dec,2016
18-Dec-16
MUTHOOT
FINANCE LTD
PB
M
Under Section 13 of the
Companies Act 2013 and the Rules made thereunder
for inserting a new sub clause under Clause III A to provide financial services
and advisory services
For
For
Business purpose
Oct-
Dec,2016
18-Dec-16
MUTHOOT
FINANCE LTD
PB
M
Under Section 13 of the
Companies Act 2013 and the Rules made thereunder for shifting sub clause (10)
of Clause III (C) of Other Objects to Clause III (B) Objects incidental and
ancillary to the attainment of main objects
For
For
Business purpose
Oct-
Dec,2016
18-Dec-16
MUTHOOT
FINANCE LTD
PB
M
Under Section 13 of the
Companies Act 2013 and the Rules made thereunder for deletion of Clause III (C)
(1) to (C) (15) of Other Objects
For
For
Business purpose
Oct-
Dec,2016
20-Dec-16
INDIAN HOTELS
CO. LTD.
EGM
M
Removal of Mr. C. P. Mistry
as a Director
For
For
Parent Company support is very critical for the
Company
Oct-
Dec,2016
20-Dec-16
STATE BANK OF
INDIA
EGM
M
Create offer issue and allot
such number of Equity Shares of Re. 1 each at
such price to be determined by the Board in accordance
with Regulation 76(1) of SEBI ICDR Regulations
aggregating to the tune of up to Rs. 5681 Crore on
preferential basis to the
For
For
Capital required
for growth of company.
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Government of India
Oct-
Dec,2016
20-Dec-16
STATE BANK OF
INDIA
EGM
M
To create, offer, issue and
allot, such number of Equity Shares of Re.1 each, not
exceeding Rs. 15,000 crore (rupees fifteen thousand crore) or such amount as
may be approved by GoI & RBI, by way of public issue (i.e. Further Public Offer-
FPO) or Private Placement, including Qualified
Institutional Placement (QIP)/ Global Depository
Receipt (GDRs)/American Depository Receipt (ADRs) and/or any other mode(s)or a combination(s) thereof. To decide the quantum &
mode(s), number of tranches, prices,
discount/premium, reservations to employees,
existing shareholders and or any other persons as may be decided by the Board.
For
For
Capital required
for growth of company.
Oct-
Dec,2016
22-Dec-16
SHEMAROO
ENTERTAIN LTD
PB
M
Amendments to Objects
Clause of the Memorandum of Association of the
Company
For
For
Business purpose
Oct-
Dec,2016
22-Dec-16
SHEMAROO
ENTERTAIN LTD
PB
M
Amendment to Clause IV of
the Memorandum of Association of the Company
For
For
Business purpose
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Oct-
Dec,2016
22-Dec-16
TATA MOTORS LIMITED DVR
EGM
M
Removal of Mr. Cyrus P
Mistry as a Director
For
For
Parent Company support is very critical for the
Company
Oct-
Dec,2016
22-Dec-16
TATA MOTORS LIMITED DVR
EGM
M
Removal of Mr. Nusli N
Wadia as a Director
For
For
Parent Company support is very critical for the
Company
Oct-
Dec,2016
23-Dec-16
ENGINEERS INDIA
LTD
EGM
M
Increase in Authorised
Share Capital from Rs. 300 crore to Rs. 400 crore
For
For
Steps to reward
investors.
Oct-
Dec,2016
23-Dec-16
ENGINEERS INDIA
LTD
EGM
M
Alteration of Articles of
association
For
For
Steps to reward
investors.
Oct-
Dec,2016
23-Dec-16
ENGINEERS INDIA
LTD
EGM
M
Issue of Bonus Shares in the ratio of 1 Equity Share of Rs.
5 each for every 1 Equity Share of Rs. 5 each
For
For
Steps to reward
investors.
Jan-
Mar,2017
06-Jan-17
HINDUSTAN PETROLEUM
CORPORATION LIMITED
PB
M
Approve for issue of Non-
convertible bonds or debentures
For
For
Fund required for
growth of company.
Jan-
Mar,2017
10-Jan-17
SADBHAV.ENGINE
ERING LIMITED
PB
M
Approve Related Party
Transactions
For
For
Transactions to be
entered into during the
ordinary course of business and at
arm length basis.
Jan-
Mar,2017
16-Jan-17
ASHOK LEYLAND
PB
M
Alteration of the Objects
Clause and Liability Clause of the Memorandum of
Association of the Company
For
For
Business
requirement
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jan-
Mar,2017
16-Jan-17
ASHOK LEYLAND
PB
M
Increase in the number of stock options under Ashok Leyland Employees Stock
Option Plan 2016
For
For
Incentive scheme
Jan-
Mar,2017
17-Jan-17
RBL BANK
EGM
M
Ratification of Employee
Stock Option Plan 2013 of RBL Bank Limited
For
For
Incentive scheme
Jan-
Mar,2017
18-Jan-17
PNC INFRATECH
LIMITED
PB
M
Special Resolution to
enhance Borrowing Powers of the Company
For
For
Business
requirement
Jan-
Mar,2017
18-Jan-17
PNC INFRATECH
LIMITED
PB
M
Special Resolution to
enhance power of Board to Mortgage Hypothecate
Pledge Creation Of Charge
For
For
Business
requirement
Jan-
Mar,2017
08-Feb-17
JAGRAN
PRAKASHAN LTD
PB
M
Approval for buyback of
equity shares
For
For
Step to reward
investors.
Jan-
Mar,2017
08-Feb-17
SIEMENS LTD
AGM
M
Adoption of Accounts
For
For
Normal Business
Jan-
Mar,2017
08-Feb-17
SIEMENS LTD
AGM
M
Confirmation of Special
Dividend of Rs. 27.50 paise per Equity Share of Rs. 2 each and Declaration of
Final Dividend of Rs. 6 per Equity Share
For
For
Normal Business
Jan-
Mar,2017
08-Feb-17
SIEMENS LTD
AGM
M
To appoint a Director in place of Ms. Mariel von
Schumann who retires by rotation and being eligible
offers herself for re appointment
For Against
Attended 50%
Board Meetings
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Jan-
Mar,2017
08-Feb-17
SIEMENS LTD
AGM
M
Appointment of M/s. S R B C
and Co LLP, Chartered Accountants as Auditors
For
For
Normal Business
Jan-
Mar,2017
08-Feb-17
SIEMENS LTD
AGM
M
Payment of remuneration to
Cost Auditors M/s. R Nanabhoy and Co Cost
Accountant
For
For
Normal Business
Jan-
Mar,2017
08-Feb-17
SIEMENS LTD
AGM
M
Approval of transactions with Siemens Healthcare Private
Limited
For
For
Transactions were entered into at all
times on arm’s length basis and
ordinary course of the company.
Jan-
Mar,2017
12-Feb-17
NBCC (INDIA) LTD
PB
M
Issue of Bonus Shares by Capitalization of Reserves
For
For
Step to reward
investors.
Jan-
Mar,2017
04-Mar-17
GAIL (INDIA) LTD
PB
M
Issue of Bonus Shares by
way of Capitalisation of Reserves
For
For
Step to reward
investors
Jan-
Mar,2017
05-Mar-17
BHARAT
ELECTRONICS LTD
PB
M
Approval for sub division of one equity share of Rs .10
each into 10 equity shares of Re. 1 each
For
For
To improve
liquidity
Jan-
Mar,2017
05-Mar-17
BHARAT
ELECTRONICS LTD
PB
M
Approval for alteration of the
capital clause in the memorandum of association
of the company
For
For
To meet capital
requirement
Jan-
Mar,2017
14-Mar-17
ALEMBIC
PHARMACEUTICALS LTD
PB
M
Appointment of Mr. Udit
Amin a Related party under Section 2 (76) of the Act to office or Place of Profit in
Alembic Global Holding SA
For
For
Promotor group
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Wholly owned subsidiary of the Company
Jan-
Mar,2017
14-Mar-17
Larsen & Toubro
Limited
CRT
M
Scheme of Arrangement
between Larsen & Toubro Limited (Transferor) and
L&T Valves Ltd (Transferee) and their respective
shareholders, creditors for transfer of the Coimbatore
Undertaking of the Transferor Company as a
going concern to the Transferee company.
For
For
Scheme of
arrangement
Jan-
Mar,2017
16-Mar-17
ITC LTD
PB
M
Approval for the alteration of the Objective Clause of the
Memorandum of Association of the Company to include
Healthcare
For
For
Business purpose
Jan-
Mar,2017
17-Mar-17
J.K.CEMENT LTD
PB
M
Approval of contract for
rendering the expert advisory services of Mr. Paul Heinz Hugentobler Director of the Company
For
For
Business
requirement
Jan-
Mar,2017
30-Mar-17
UPL LIMITED
EGM
M
Approval of UPL Limited Employees Stock Option
Plan 2017
For
For
Employee
Incentive scheme
Jan-
Mar,2017
30-Mar-17
UPL LIMITED
EGM
M
Grant of options to the
employees of the Subsidiary Company(ies) of the
Company under Employees Stock Option Plan 2017
For
For
Employee
Incentive scheme
Jan-
Mar,2017
31-Mar-17
INFOSYS LIMITED
PB
M
Revision in compensation of Mr. U. B. Pravin Rao,. Chief
For
For
In line with
industry considering the
Quarter Meeting Date Company Name
Type of Meetings
[AGM/ EGM/ Postal
Ballot (PB))
Proposal by Manage-
ment (M) or Shareholder
(S)
Proposal's Description
Investee Company’s
Manage-ment
Recommendations
Vote (For/
Against/ Abstain)
Reason Supporting the Vote Decision
Operating Officer and Whole time Director
Performance of
the company
Jan-
Mar,2017
31-Mar-17
INFOSYS LIMITED
PB
M
Appointment of Mr. D. N. Prahlad as Independent
Director
For
Abstain
No proper information available
Jan-
Mar,2017
31-Mar-17
INFOSYS LIMITED
PB
M
To adopt new Articles of Association of the Company
in conformity with the Companies Act 2013
For
For
In line with
Company Act
M. P. Chitale & Co. Chartered Accountants 1/11, Prabhadevi Ind. Estate, 1st Flr., Opp. Siddhivinayak Temple, Veer Savarkar Marg, Prabhadevi, Mumbai - 25 Tel.: 43474301-03 Fax : 43474304
June 30, 2017
Board of Directors, Baroda Pioneer Mutual Fund 501, Titanium, 5th Floor, Western Express Highway, Goregaon (E), Mumbai, 400 063.
We have been appointed by Baroda Pioneer Asset Management Company Limited as scrutinizer to provide certification on the disclosure of votes cast in terms of SEBI circular No. CIR/IMD/DF/05/2014 dated March 24, 2014 modified by SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2016/68 dated August 10, 2016 to be submitted to trustees.
We have verified the voting disclosures made by Baroda Pioneer Asset Management Company Limited on the website for the year 2016-17 on the basis of data obtained from custodian w.r.t resolutions on which AMC is required to cast votes, fund manager’s voting decision (either to vote for/against/abstain from voting) duly supported by the rationale for each agenda item intimated to proxy and confirmations sent by proxy for voting carried out.
We certify that AMC has disclosed details of all the votes cast in the format specified in the circular.
This certification has been issued to Baroda Pioneer Asset Management Company Limited for submission to Board of Directors of Baroda Pioneer Trustee Company Limited and for disclosure on AMC website and in the scheme Annual report in terms of SEBI circular No. CIR/IMD/DF/05/2014 dated March 24, 2014 modified by SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2016/68 dated August 10, 2016 and should not be used for any other purpose.
Yours faithfully,
For M. P. Chitale& Co. Chartered Accountants Firm Reg. No. 101851W
Vidya Barje Partner M. No. 104994
ANNEXURE – IV
ANNUAL REPORT 2016 - 2017
1
To the Board of Directors ofBARODA PIONEER TRUSTEE COMPANY PRIVATE LIMITED
Report on the Financial Statements
1. We have audited the accompanying financial statements of Baroda Pioneer ELSS 96 Fund, Baroda Pioneer Growth Fund, Baroda Pioneer Balance Fund, BarodaPioneer Large Cap Fund (formerly Baroda Pioneer Infrastructure Fund), Baroda Pioneer Mid-cap Fund (formerly Baroda Pioneer PSU Equity Fund), Baroda PioneerBanking and Financial Services Fund and Baroda Pioneer Equity Trigger Fund-Series I (the “Schemes”), which comprise the Balance Sheet as at March 31, 2017,the related Revenue Account and the Cash Flow Statement, where applicable, for the year then ended, and a summary of significant accounting policies and otherexplanatory information, which we have signed under reference to this report.
Trustee’s and Management’s Responsibility for the Financial Statements
2. The Trustee of Baroda Pioneer Mutual Fund and the Management of Baroda Pioneer Asset Management Company Limited (the “Management”) are responsible for thepreparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows, where applicable, of the Schemesin accordance with the accounting policies and standards specified in the Ninth Schedule of the Securities and Exchange Board of India (Mutual Funds) Regulations,1996 and amendments thereto (the “Regulations”). This responsibility includes the design, implementation and maintenance of internal control relevant to thepreparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditors’ Responsibility
3. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Standards on Auditing andother applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
4. An audit involves performing procedures to obtain audit evidence, about the amounts and disclosures in the financial statements. The procedures selected depend onthe auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those riskassessments, the auditors consider internal control relevant to the preparation and fair presentation of the financial statements in order to design audit procedures thatare appropriate in the circumstances. Our procedures included confirmation of securities owned and unit capital balances as at March 31, 2017 by correspondencewith the custodian/others and registrar and transfer agent, respectively. An audit also includes evaluating the appropriateness of accounting policies used and thereasonableness of the accounting estimates made by the Trustee and the Management, as well as evaluating the overall presentation of the financial statements.
5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
6. In our opinion, and to the best of our information and according to the explanations given to us, the accompanying financial statements give the information requiredby the Regulations in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:
(a) in the case of the Balance Sheet, of the state of affairs of the Scheme as at March 31, 2017;
(b) in the case of the Revenue Account, of the net surplus for the year ended on that date; and
(c) in the case of the Cash Flow Statement, where applicable, of the cash flows for the year ended on that date.
Other Matter
7. The financial statements of the Scheme as at March 31, 2016 and for the year then ended were audited by another firm of chartered accountants who, vide their reportdated July 22, 2016, expressed an unmodified opinion on those financial statements.
Report on Other Legal and Regulatory Requirements
8. As required by section 55(4) of the Regulations, we report that :
(a) We have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit; and
(b) In our opinion, the Balance Sheet, Revenue Account and Cash Flow Statement, where applicable, dealt with by this report have been prepared in accordancewith the accounting policies and standards specified in the Ninth Schedule of the Regulations.
9. As required by clause 5 (ii)(2) of the Eleventh Schedule to the Regulations, we report that the Balance Sheet, Revenue Account, and Cash Flow Statement, whereapplicable, dealt with by this Report are in agreement with the books of account of the Scheme.
10. In our opinion, the methods used to value non-traded securities as at March 31, 2017, as determined by Baroda Pioneer Asset Management Company Limited underprocedures approved by the Trustee of Baroda Pioneer Mutual Fund in accordance with the guidelines for valuation of securities for mutual funds as mentioned in theEighth Schedule of the Regulations issued by the Securities and Exchange Board of India, are fair and reasonable.
For Price Waterhouse Chartered Accountants LLPFirm Registration Number: 012754N/N500016
Sd/-Alpa Kedia
Chartered AccountantsPlace : Mumbai PartnerDate : July 21, 2017 Membership Number: 100681
BARODA PIONEER MUTUAL FUND
2
Balance Sheet
as at 31 March 2017(Currency: Indian Rupee)
Schedule BARODA PIONEER BARODA PIONEER BARODA PIONEER BARODA PIONEERELSS’ 96 FUND GROWTH FUND BALANCE FUND LARGE CAP FUND
(FORMERLY BARODAPIONEER INFRASTRUCTURE
FUND)As at As at As at As at As at As at As at As at
31 March 31 March 31 March 31 March 31 March 31 March 31 March 31 March2017 2016 2017 2016 2017 2016 2017 2016
ASSETS
Investments 1 832,229,105 452,575,109 4,205,718,557 2,535,733,446 2,289,313,627 2,904,238,489 228,141,995 165,257,657
Deposits 2 - - 9,800,000 8,000,000 8,000,000 8,000,000 - -
Other Current Assets 3 62,550,626 22,090,487 205,771,879 124,308,475 222,613,031 512,239,410 14,887,180 14,446,812———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
894,779,731 474,665,596 4,421,290,436 2,668,041,921 2,519,926,658 3,424,477,899 243,029,175 179,704,469———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
LIABILITIES
Unit Capital 4 255,109,606 168,390,575 580,798,935 448,745,456 664,610,493 1,415,404,960 186,942,463 169,788,840
Reserves and Surplus 5 627,514,871 292,951,897 3,753,207,786 2,146,569,155 1,723,947,570 1,279,035,555 52,658,088 1,595,305
Current Liabilities and Provisions 6 12,155,254 13,323,124 87,283,715 72,727,310 131,368,595 730,037,384 3,428,624 8,320,324———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
894,779,731 474,665,596 4,421,290,436 2,668,041,921 2,519,926,658 3,424,477,899 243,029,175 179,704,469———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Notes to the financial statements 9
The Schedules referred to herein form an integral part of the Financial Statements.
This is the Balance Sheet referred to in our report of even date.
For Price Waterhouse Chartered Accountants LLP For Baroda Pioneer Trustee Company Private Limited For Baroda Pioneer Asset Management Company LimitedFirm Registration Number - 012754N / N500016Chartered Accountants
Alpa Kedia R. L. Baxi Anthony Heredia Sanjay GroverPartner Chairman Director & CEO DirectorMembership No. 100681 DIN : 168751 DIN : 2205628 DIN : 7217384
S. K. Suvarna Kiran Deshpande Dipak AcharyaDirector COO & CFO Fund ManagerDIN : 3641694
Sanjay ChawlaCIO & Fund Manager
Place : MUMBAI Place : MUMBAI Place : MUMBAIDate : July 21, 2017 Date : July 21, 2017 Date : July 18, 2017
ANNUAL REPORT 2016 - 2017
3
Balance Sheet (Contd.,)
as at 31 March 2017(Currency: Indian Rupee)
Schedule BARODA PIONEER BARODA PIONEER BARODA PIONEERMID-CAP FUND BANKING AND FINANCIAL EQUITY TRIGGER
(FORMERLY BARODA PIONEER SERVICES FUND -FUND-SERIES IPSU EQUITY FUND)As at As at As at As at As at As at
31 March 31 March 31 March 31 March 31 March 31 March2017 2016 2017 2016 2017 2016
ASSETS
Investments 1 321,143,369 241,583,207 404,488,725 423,462,445 755,340,226 564,376,979
Deposits 2 - - - - - -
Other Current Assets 3 11,733,554 34,338,707 10,490,654 22,761,896 22,036,419 43,386,927———————— ———————— ———————— ———————— ———————— ————————
332,876,923 275,921,914 414,979,379 446,224,341 777,376,645 607,763,906———————— ———————— ———————— ———————— ———————— ————————
LIABILITIES
Unit Capital 4 390,367,448 398,969,334 218,222,953 321,195,743 619,545,883 619,545,882
Reserves and Surplus 5 (62,494,119) (132,483,876) 193,350,685 115,744,505 156,623,425 (24,541,203)
Current Liabilities and Provisions 6 5,003,594 9,436,456 3,405,741 9,284,093 1,207,337 12,759,227———————— ———————— ———————— ———————— ———————— ————————
332,876,923 275,921,914 414,979,379 446,224,341 777,376,645 607,763,906———————— ———————— ———————— ———————— ———————— ————————
Notes to the financial statements 9
The Schedules referred to herein form an integral part of the Financial Statements.
This is the Balance Sheet referred to in our report of even date.
For Price Waterhouse Chartered Accountants LLP For Baroda Pioneer Trustee Company Private Limited For Baroda Pioneer Asset Management Company LimitedFirm Registration Number - 012754N / N500016Chartered Accountants
Alpa Kedia R. L. Baxi Anthony Heredia Sanjay GroverPartner Chairman Director & CEO DirectorMembership No. 100681 DIN : 168751 DIN : 2205628 DIN : 7217384
S. K. Suvarna Kiran Deshpande Dipak AcharyaDirector COO & CFO Fund ManagerDIN : 3641694
Sanjay ChawlaCIO & Fund Manager
Place : MUMBAI Place : MUMBAI Place : MUMBAIDate : July 21, 2017 Date : July 21, 2017 Date : July 18, 2017
BARODA PIONEER MUTUAL FUND
4
Revenue accountfor the year ended 31 March 2017 (Currency: Indian Rupee)
Schedule BARODA PIONEER BARODA PIONEER BARODA PIONEER BARODA PIONEERELSS’ 96 FUND GROWTH FUND BALANCE FUND LARGE CAP FUND
(FORMERLY BARODAPIONEER INFRASTRUCTURE
FUND)April 01, 2016 April 01, 2015 April 01, 2016 April 01, 2015 April 01, 2016 April 01, 2015 April 01, 2016 April 01, 2015
March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016INCOME AND GAINSDividends on Equity Shares (Note 2.2) 7,183,042 5,034,970 38,752,118 28,025,833 14,415,925 50,174,464 2,282,425 2,511,420Interest and Discount (Note 2.2) 7 1,016,084 826,643 6,861,733 6,500,059 31,442,762 124,534,462 419,272 545,126Net Profit on Sale / Redemption of Investmentsand Derivative transactions (Note 2.5) 81,324,364 9,204,174 456,192,045 239,622,217 103,189,221 - 26,536,224 -Net Profit on Inter Scheme Sale ofInvestments (Note 2.5) - - - - - 1,808,636 - -Load income - - 2,727,934 1,547,424 17,471,981 36,689,734 45,137 50,286Miscellaneous Income - - - - 207,581 - - -
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————TOTAL (A) 89,523,490 15,065,787 504,533,830 275,695,533 166,727,470 213,207,296 29,283,058 3,106,832
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————EXPENSES AND LOSSESNet Loss on Sale / Redemption of Investmentsand Derivative transactions (Note 2.5) - - - - - 366,080,058 - 18,092,856Net Loss on Inter Scheme Sale of Investments (Note 2.5) - 312,171 - - 964,579 - - -Investment Management Fees (Note 4) 11,608,606 7,859,551 62,503,742 49,776,817 18,117,578 66,232,666 3,828,468 4,277,889Service Tax on Investment Management Fees 1,732,987 1,107,593 9,326,510 6,949,968 2,694,112 9,421,088 571,248 592,998Trusteeship Fees and Expenses (Note 5) 16,441 10,290 87,497 56,897 38,810 100,519 4,964 4,920Brokerage and commission 4,744,085 3,403,030 21,670,039 11,928,630 18,551,948 61,402,050 1,123,346 865,212Audit Fees 9,295 6,479 46,308 36,573 25,512 38,416 2,560 2,418Marketing and Publicity Expenses 26,000 327,506 1,834 1,214,241 712,960 355,198 1,908 39,579Investor Education and Awareness Expenses 121,933 85,935 649,623 478,282 286,964 1,034,357 36,395 38,972Other Operating Expenses 8 4,185 994 522,492 4,271 149,802 2,712 15,599 40
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————TOTAL (B) 18,263,532 13,113,549 94,808,045 70,445,679 41,542,265 504,667,064 5,584,488 23,914,884
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Net Realised Gains / (Losses) for the Year (A-B) 71,259,958 1,952,238 409,725,785 205,249,854 125,185,205 (291,459,768) 23,698,570 (20,808,052)Net Change in Unrealised Depreciation inValue of Investments and Derivativetransactions (Note 8) - - - - 80,137,663 (80,137,664) 4,270,753 (4,270,753)
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Net Gains / (Losses) for the Year 71,259,958 1,952,238 409,725,785 205,249,854 205,322,868 (371,597,432) 27,969,323 (25,078,805)Net Change in Unrealised Appreciation inValue of Investments and Derivativetransactions (Note 8) 70,571,251 (47,833,948) 311,621,884 (442,779,650) 129,116,677 (12,554,814) 16,043,781 (10,212,861)
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Net Surplus / (Deficit) including Net Change in 141,831,209 (45,881,710) 721,347,669 (237,529,796) 334,439,545 (384,152,246) 44,013,104 (35,291,666)Unrealised Appreciation/Depreciation inValue of Investments and Derivative transactionsNet Change in Unrealised Appreciation in Value of Investments and Derivative transactions transferred toUnrealised Appreciation Reserve (Note 8) (70,571,251) 47,833,948 (311,621,884) 442,779,650 (129,116,677) 12,554,814 (16,043,781) 10,212,861
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Net Surplus / (Deficit) for the Year 71,259,958 1,952,238 409,725,785 205,249,854 205,322,868 (371,597,432) 27,969,323 (25,078,805)Add : Transfer from Reserve Fund 98,955,582 115,946,269 1,707,730,863 1,798,817,813 1,310,782,028 497,607,681 483,026 27,533,428Add / (less): Transfer From Income Equalisation Reserve (Note 2.6) 25,160,683 15,439,350 834,926,015 (242,029,343) 177,795,251 3,654,590,815 6,447,385 (1,971,597)Less: Dividend Distributions 39,282,921 34,382,275 79,892,315 54,307,461 78,604,559 2,469,819,036 - -
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Balance Transferred to Reserve Fund 156,093,302 98,955,582 2,872,490,348 1,707,730,863 1,615,295,588 1,310,782,028 34,899,734 483,026
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Notes to the financial statements 9The Schedules referred to herein form an integral part of the Financial Statements.This is the Revenue Account referred to in our report of even date.For Price Waterhouse Chartered Accountants LLP For Baroda Pioneer Trustee Company Private Limited For Baroda Pioneer Asset Management Company LimitedFirm Registration Number - 012754N / N500016Chartered Accountants
Alpa Kedia R. L. Baxi Anthony Heredia Sanjay GroverPartner Chairman Director & CEO DirectorMembership No. 100681 DIN : 168751 DIN : 2205628 DIN : 7217384
S. K. Suvarna Kiran Deshpande Dipak AcharyaDirector COO & CFO Fund ManagerDIN : 3641694
Sanjay ChawlaCIO & Fund Manager
Place : MUMBAI Place : MUMBAI Place : MUMBAIDate : July 21, 2017 Date : July 21, 2017 Date : July 18, 2017
ANNUAL REPORT 2016 - 2017
5
Revenue account (Contd.,) for the year ended 31 March 2017 (Currency: Indian Rupee)
Schedule BARODA PIONEER BARODA PIONEER BARODA PIONEERMID-CAP FUND BANKING AND FINANCIAL EQUITY TRIGGER
(FORMERLY BARODA PIONEER SERVICES FUND -FUND-SERIES IPSU EQUITY FUND)
April 01, 2016 April 01, 2015 April 01, 2016 April 01, 2015 April 01, 2016 April 01, 2015March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016
INCOME AND GAINSDividends on Equity Shares (Note 2.2) 2,883,275 7,126,050 4,070,525 5,502,068 5,745,463 7,336,839Interest and Discount (Note 2.2) 7 794,100 1,318,572 1,127,754 925,505 1,880,917 2,005,054Net Profit on Sale / Redemption of Investments andDerivative transactions (Note 2.5) 22,723,070 - 118,676,781 1,220,773 100,255,374 -Net Profit on Inter Scheme Sale of Investments (Note 2.5) - - - - - -Load income 74,841 286,779 135,522 159,038 - -Miscellaneous Income - - - - - -
———————— ———————— ———————— ———————— ———————— ————————TOTAL (A) 26,475,286 8,731,401 124,010,582 7,807,384 107,881,754 9,341,893
———————— ———————— ———————— ———————— ———————— ————————EXPENSES AND LOSSESNet Loss on Sale / Redemption of Investments andDerivative transactions (Note 2.5) - 39,282,394 - - - 14,445,323Net Loss on Inter Scheme Sale of Investments (Note 2.5) - - - - - -Investment Management Fees (Note 4) 5,740,144 6,731,639 9,537,128 8,695,032 11,599,493 14,432,459Service Tax on Investment Management Fees 856,872 930,669 1,421,645 1,217,421 1,732,989 2,024,452Trusteeship Fees and Expenses (Note 5) 7,651 8,493 13,173 12,080 18,698 15,198Brokerage and commission 1,796,253 1,983,735 3,339,394 4,252,486 6,268,517 1,881,240Audit Fees 3,524 3,757 4,450 6,164 8,230 -Marketing and Publicity Expenses - 52,367 56,800 153,857 29,494 16,296Investor Education and Awareness Expenses 56,068 65,768 95,861 96,147 136,443 124,053Other Operating Expenses 8 1,539 35 72,647 39 13,410 1,043
———————— ———————— ———————— ———————— ———————— ————————TOTAL (B) 8,462,051 49,058,857 14,541,098 14,433,226 19,807,274 32,940,064
———————— ———————— ———————— ———————— ———————— ————————Net Realised Gains / (Losses) for the Year (A-B) 18,013,235 (40,327,456) 109,469,484 (6,625,842) 88,074,480 (23,598,171)Net Change in Unrealised Depreciation in Value of Investmentsand Derivative transactions (Note 8) 28,291,629 (25,172,670) - - 14,600,806 (14,600,806)
———————— ———————— ———————— ———————— ———————— ————————Net Gains / (Losses) for the Year 46,304,864 (65,500,126) 109,469,484 (6,625,842) 102,675,286 (38,198,977)Net Change in Unrealised Appreciation in Value of Investmentsand Derivative transactions (Note 8) 19,756,846 2,079 40,531,122 (63,057,358) 78,489,342 (4,498,343)Net Surplus / (Deficit) including Net Change in UnrealisedAppreciation/Depreciation in Value of Investments andDerivative transactions 66,061,710 (65,498,047) 150,000,606 (69,683,200) 181,164,628 (42,697,320)Net Change in Unrealised Appreciation in Value of Investmentsand Derivative transactions transferred to UnrealisedAppreciation Reserve (Note 8) (19,756,846) (2,079) (40,531,122) 63,057,358 (78,489,342) 4,498,343
———————— ———————— ———————— ———————— ———————— ————————Net Surplus / (Deficit) for the Year 46,304,864 (65,500,126) 109,469,484 (6,625,842) 102,675,286 (38,198,977)Add : Transfer from Reserve Fund (246,770,649) (185,805,821) 121,059,214 159,782,548 (24,541,204) 13,657,773Add / (less): Transfer From Income Equalisation Reserve (Note 2.6) - 4,535,298 (45,509,270) (32,097,492) - -Less: Dividend Distributions - - 1,580,983 - - -
———————— ———————— ———————— ———————— ———————— ————————Balance Transferred to Reserve Fund (200,465,785) (246,770,649) 183,438,445 121,059,214 78,134,082 (24,541,204)
———————— ———————— ———————— ———————— ———————— ————————Notes to the financial statements 9The Schedules referred to herein form an integral part of the Financial Statements.This is the Revenue Account referred to in our report of even date.For Price Waterhouse Chartered Accountants LLP For Baroda Pioneer Trustee Company Private Limited For Baroda Pioneer Asset Management Company LimitedFirm Registration Number - 012754N / N500016Chartered Accountants
Alpa Kedia R. L. Baxi Anthony Heredia Sanjay GroverPartner Chairman Director & CEO DirectorMembership No. 100681 DIN : 168751 DIN : 2205628 DIN : 7217384
S. K. Suvarna Kiran Deshpande Dipak AcharyaDirector COO & CFO Fund ManagerDIN : 3641694
Sanjay ChawlaCIO & Fund Manager
Place : MUMBAI Place : MUMBAI Place : MUMBAIDate : July 21, 2017 Date : July 21, 2017 Date : July 18, 2017
BARODA PIONEER MUTUAL FUND
6
CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2017BARODA PIONEER EQUITY TRIGGER FUND-SERIES I
March 31, 2017 March 31, 2016Rupees Rupees
A. Cash flow from Operating ActivitiesNet Surplus/(Deficit) for the year 181,164,628 (42,697,320)Change in unrealised depreciation in value of investments/derivatives (14,600,806) 14,600,806Change in unrealised appreciation in value of investments/derivatives (78,489,342) 4,498,343Interest on Borrowings - -
———————— ————————Operating Profit/(Loss) Before Working Capital Changes 88,074,480 (23,598,171)
———————— ————————Adjustments for :-(Increase)/Decrease in Other Current Assets 4,683,629 20,331,537(Increase)/Decrease in Investments (97,873,099) 9,279,720Increase/(Decrease) in Current Liabilities and Provisions (11,551,889) 11,903,974
———————— ————————Net cash generated from/(used in) Operating Activities ( A ) (16,666,879) 17,917,060
———————— ————————B. Cash flow from Financing Activities
Adjustments for:-(Increase) / Decrease in Subscription Receivable for Units Issued to Investors - (19,000)Net Cash Generated from/(used in) Financing Activities ( B ) - (19,000)
———————— ————————Net Increase/(Decrease) in Cash and Cash Equivalents ( A+B ) (16,666,879) 17,898,060
———————— ————————Cash and Cash Equivalents at the beginning of the year 34,008,566 16,110,506Cash and Cash Equivalents at the end of the year 17,341,687 34,008,566
———————— ————————Net Increase/(Decrease) in Cash and Cash Equivalents (16,666,879) 17,898,060
———————— ————————Notes : -1. Cash and Cash Equivalents include the following :
Balances with Schedule Banks :- In Current Accounts 87,306 4,319,640Other Collateralised lending- Collateralised Borrowing and Lending Obligation 17,254,381 29,688,926
———————— ————————17,341,687 34,008,566
———————— ————————2. The above Cash Flow Statement has been prepared under the “Indirect Method” set out in the Accounting Standard - 3 on the Cash Flow Statements issued by The Institute of Chartered Accountants of India.3. The figures in brackets represents cash outflow.
This is the Cash Flow Statement referred to in our report of even date.
For Price Waterhouse Chartered Accountants LLP For Baroda Pioneer Trustee Company Private Limited For Baroda Pioneer Asset Management Company LimitedFirm Registration Number - 012754N / N500016Chartered Accountants
Alpa Kedia R. L. Baxi Anthony Heredia Sanjay GroverPartner Chairman Director & CEO DirectorMembership No. 100681 DIN : 168751 DIN : 2205628 DIN : 7217384
S. K. Suvarna Kiran Deshpande Dipak AcharyaDirector COO & CFO Fund ManagerDIN : 3641694
Sanjay ChawlaCIO & Fund Manager
Place : MUMBAI Place : MUMBAI Place : MUMBAIDate : July 21, 2017 Date : July 21, 2017 Date : July 18, 2017
ANNUAL REPORT 2016 - 2017
7
Schedules to the financial statements as at March 31, 2017(Refer to attached Statement of Portfolio Holdings as at March 31, 2017)
SCHEDULE - 1INVESTMENTS (Notes 2.5, 8, 12, 17, 19 and 21)
BARODA PIONEER BARODA PIONEER BARODA PIONEER BARODA PIONEERELSS’96 FUND GROWTH FUND BALANCE FUND LARGE CAP FUND
March March March March March March March March31, 2017 31, 2016 31, 2017 31, 2016 31, 2017 31, 2016 31, 2017 31, 2016Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees
Market / Fair Market / Fair Market / Fair Market / Fair Market / Fair Market / Fair Market / Fair Market / Fairvalue Rupees value Rupees value Rupees value Rupees value Rupees value Rupees value Rupees value Rupees
Cost Rupees Cost Rupees Cost Rupees Cost Rupees Cost Rupees Cost Rupees Cost Rupees Cost Rupees
Equity Shares 832,229,105 452,575,109 4,205,718,557 2,535,733,446 1,713,303,432 1,823,217,464 227,552,187 164,684,355758,707,646 449,624,901 3,758,383,494 2,400,020,267 1,584,681,748 1,902,077,212 211,524,912 168,955,108
Debentures and Bonds Listed / Awaiting listing - - - - 379,651,300 628,739,415 589,808 573,302- - - - 379,118,286 630,017,330 - -
Central & State Government Securities - - - - 196,358,895 65,082,930 - -- - - - 194,678,039 63,370,619 - -
Commercial Paper - - - - - 387,198,680 - -- - - - - 387,192,114 - -
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————TOTAL 832,229,105 452,575,109 4,205,718,557 2,535,733,446 2,289,313,627 2,904,238,489 228,141,995 165,257,657
758,707,646 449,624,901 3,758,383,494 2,400,020,267 2,158,478,073 2,982,657,275 211,524,912 168,955,108———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
SCHEDULE - 2
DEPOSITS
Margin Deposits with The Clearing Corporation of India Limited. (CCIL) - - 9,800,000 8,000,000 8,000,000 8,000,000 - -———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
TOTAL - - 9,800,000 8,000,000 8,000,000 8,000,000 - -———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
SCHEDULE - 3
OTHER CURRENT ASSETS
Balance with Banks
- in Current Account 15,215,332 11,222,465 31,196,850 14,217,995 61,677,287 17,765,273 3,179,265 4,144,384
Collateralised Borrowing and Lending Obligations (CBLO) 18,125,560 8,816,391 121,306,761 108,029,491 71,624,539 13,224,790 10,192,932 10,250,292
Unit Subscription Receivable 4,207,859 1,813,850 - 1,563,694 - - - 50,000
Inter-Scheme Receivable
- Switch-in 311,397 195,376 69,027 69,067 227,523 198,119,206 15,006 204
- Others 328,000 - 997,000 - 8,968,300 - 318,000 -
Investment in Plan C of Baroda Pioneer Liquid Fund (Note 14)
- Towards Unclaimed Dividend 8,674,323 - 16,032,464 - 75,840 - 20,631 -
- Towards Unclaimed Redemption 603,443 - 1,525,618 - 94,000 - 127,771 -
Sales Contracts Awaiting Completion
- Equity Shares 15,055,150 - 34,552,511 - 72,667,560 241,241,377 1,022,830 -
Interest Receivable on
- Collateralised Borrowing and Lending Obligation 2,607 1,097 17,448 22,682 10,302 - 1,466 1,409
- Central and State Government Securities - - - - 4,214,464 809,348 - -
- Debentures / Bonds - 8 - 46 2,551,398 36,306,803 654 523
Dividend receivable
- Equity Shares 21,200 6,300 74,200 138,600 58,300 - 8,625 -
Receivable from Investment Manager 5,755 - - - 443,518 2,447,613 - -
Miscellaneous Receivables - 35,000 - 266,900 - 2,325,000 - -———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
TOTAL 62,550,626 22,090,487 205,771,879 124,308,475 222,613,031 512,239,410 14,887,180 14,446,812———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
BARODA PIONEER MUTUAL FUND
8
Schedules to the financial statements as at March 31, 2017 (Continued)(Refer to attached Statement of Portfolio Holdings as at March 31, 2017)
SCHEDULE - 1INVESTMENTS (Notes 2.5, 8, 12, 17, 19 and 21)
BARODA PIONEER BARODA PIONEER BARODA PIONEERMID-CAP FUND BANKING AND FINANCIAL EQUITY TRIGGER
SERVICES FUND FUND-SERIES IMarch March March March March March
31, 2017 31, 2016 31, 2017 31, 2016 31, 2017 31, 2016Rupees Rupees Rupees Rupees Rupees Rupees
Market / Fair Market / Fair Market / Fair Market / Fair Market / Fair Market / Fairvalue Rupees value Rupees value Rupees value Rupees value Rupees value Rupees
Cost Rupees Cost Rupees Cost Rupees Cost Rupees Cost Rupees Cost Rupees
Equity Shares 319,832,685 240,309,202 404,488,725 423,462,445 755,340,226 564,376,979300,112,517 268,600,830 351,096,908 410,601,750 676,850,884 578,977,785
Debentures and Bonds Listed / Awaiting listing 1,310,684 1,274,005 - - - -- - - - - -
Central & State Government Securities - - - - - -- - - - - -
Commercial Paper - - - - - -- - - - - -
———————— ———————— ———————— ———————— ———————— ————————TOTAL 321,143,369 241,583,207 404,488,725 423,462,445 755,340,226 564,376,979
300,112,517 268,600,830 351,096,908 410,601,750 676,850,884 578,977,785———————— ———————— ———————— ———————— ———————— ————————
SCHEDULE - 2
DEPOSITS
Margin Deposits with The Clearing Corporation of India Limited. (CCIL) - - - - - -———————— ———————— ———————— ———————— ———————— ————————
TOTAL - - - - - -———————— ———————— ———————— ———————— ———————— ————————
SCHEDULE - 3
OTHER CURRENT ASSETS
Balance with Banks
- in Current Account 501,864 4,224,793 251,545 4,162,411 87,306 4,319,640
Collateralised Borrowing and Lending Obligations (CBLO) 6,920,728 29,984,051 9,672,094 18,511,279 17,254,381 29,688,926
Unit Subscription Receivable - 117,998 - 85,000 20,000 20,000
Inter-Scheme Receivable
- Switch-in 6 - 16,927 - - -
- Others 3,679,800 - 380,500 - - -
Investment in Plan C of Baroda Pioneer Liquid Fund (Note 14)
- Towards Unclaimed Dividend - - 4,591 - - -
- Towards Unclaimed Redemption 231,550 - 163,606 - - -
Sales Contracts Awaiting Completion
- Equity Shares 383,907 - - - 4,492,200 9,352,723
Interest Receivable on
- Collateralised Borrowing and Lending Obligation 995 5,702 1,391 3,206 2,482 5,638
- Central and State Government Securities - - - - - -
- Debentures / Bonds 1,454 1,163 - - - -
Dividend receivable
- Equity Shares 13,250 - - - 180,050 -
Receivable from Investment Manager - - - - - -
Miscellaneous Receivables - 5,000 - - - -———————— ———————— ———————— ———————— ———————— ————————
TOTAL 11,733,554 34,338,707 10,490,654 22,761,896 22,036,419 43,386,927———————— ———————— ———————— ———————— ———————— ————————
ANNUAL REPORT 2016 - 2017
9
Schedules to the financial statements as at March 31, 2017 (Continued)BARODA PIONEER ELSS 96 FUND BARODA PIONEER GROWTH FUND
March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016(Units) Amounts (Units) Amounts (Units) Amounts (Units) Amounts
UNIT CAPITAL
SCHEDULE - 4
Plan A - Growth Option
Units outstanding, beginning of the year 2,033,136.445 20,331,364 180,356.923 1,803,569 27,610,716.577 276,107,166 23,779,516.412 237,795,164
Units issued during the year 6,110,040.422 61,100,404 1,852,779.522 18,527,795 23,687,052.100 236,870,521 11,174,242.928 111,742,429
Units repurchased during the year - - - - (8,733,235.304) (87,332,353) (7,343,042.763) (73,430,428)———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Units outstanding, end of the year 8,143,176.867 81,431,768 2,033,136.445 20,331,364 42,564,533.373 425,645,334 27,610,716.577 276,107,166———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Plan A - Bonus Option
Units outstanding, beginning of the year 25,461.309 254,613 25,542.928 255,429 - - - -
Units issued during the year - - - - - - - -
Units repurchased during the year (453.911) (4,539) (81.619) (816) - - - -———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Units outstanding, end of the year 25,007.398 250,074 25,461.309 254,613 - - - -———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Plan A - Dividend Option
Units outstanding, beginning of the year 13,866,063.462 138,660,635 13,264,924.796 132,649,248 10,036,200.533 100,362,005 9,651,125.079 96,511,251
Units issued during the year 3,252,935.355 32,529,354 2,120,059.011 21,200,590 595,792.898 5,957,929 1,165,222.596 11,652,226
Units repurchased during the year (1,372,137.349) (13,721,373) (1,518,920.345) (15,189,203) (1,430,247.169) (14,302,472) (780,147.142) (7,801,471)———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Units outstanding, end of the year 15,746,861.468 157,468,616 13,866,063.462 138,660,635 9,201,746.262 92,017,462 10,036,200.533 100,362,005———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Plan B (Direct) - Growth Option
Units outstanding, beginning of the year 698,142.924 6,981,429 6,850.113 68,501 1,684,879.027 16,848,790 148,562.634 1,485,626
Units issued during the year 625,212.116 6,252,121 691,292.811 6,912,928 467,162.342 4,671,623 1,608,213.282 16,082,133
Units repurchased during the year - - - - (1,396,108.974) (13,961,090) (71,896.889) (718,969)———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Units outstanding, end of the year 1,323,355.040 13,233,550 698,142.924 6,981,429 755,932.395 7,559,323 1,684,879.027 16,848,790———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Plan B (Direct) - Bonus Option
Units outstanding, beginning of the year 3,762.292 37,623 3,576.150 35,762 - - - -
Units issued during the year - - 186.142 1,861 - - - -
Units repurchased during the year - - - - - - - -———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Units outstanding, end of the year 3,762.292 37,623 3,762.292 37,623 - - - -———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Plan B (Direct) - Dividend Option
Units outstanding, beginning of the year 212,491.050 2,124,911 137,190.066 1,371,901 5,542,749.476 55,427,495 18,286.881 182,869
Units issued during the year 59,979.914 599,799 77,009.633 770,096 42,390.444 423,904 5,535,934.561 55,359,346
Units repurchased during the year (3,673.544) (36,735) (1,708.649) (17,086) (27,458.303) (274,583) (11,471.966) (114,720)———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Units outstanding, end of the year 268,797.420 2,687,975 212,491.050 2,124,911 5,557,681.617 55,576,816 5,542,749.476 55,427,495———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Total
Units outstanding, beginning of the year 16,839,057.482 168,390,575 13,618,440.976 136,184,410 44,874,545.613 448,745,456 33,597,491.006 335,974,910
Units issued during the year 10,048,167.807 100,481,678 4,741,327.119 47,413,271 24,792,397.784 247,923,977 19,483,613.367 194,836,134
Units repurchased during the year (1,376,264.804) (13,762,647) (1,520,710.613) (15,207,106) (11,587,049.750) (115,870,498) (8,206,558.760) (82,065,588)———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Units outstanding, end of the year 25,510,960.485 255,109,606 16,839,057.482 168,390,575 58,079,893.647 580,798,935 44,874,545.613 448,745,456———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Note : Includes units allotted to Baroda Pioneer Asset Management Company Limited on account of its investment in the schemes as stipulated under Securities and Exchange board of India (Mutual Funds)(Amendment) Regulations, 2014.
BARODA PIONEER MUTUAL FUND
10
Schedules to the financial statements as at March 31, 2017 (Continued)BARODA PIONEER BALANCE FUND BARODA PIONEER LARGE CAP FUND
March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016(Units) Amounts (Units) Amounts (Units) Amounts (Units) Amounts
UNIT CAPITAL
SCHEDULE - 4
Plan A - Growth Option
Units outstanding, beginning of the year 13,685,393.485 136,853,935 6,109,790.162 61,097,902 15,058,095.290 150,580,953 16,724,746.430 167,247,464
Units issued during the year 31,754,826.106 317,548,261 10,023,173.842 100,231,738 6,228,122.123 62,281,221 1,511,171.005 15,111,710
Units repurchased during the year (9,586,152.641) (95,861,526) (2,447,570.519) (24,475,705) (4,294,140.165) (42,941,402) (3,177,822.145) (31,778,221)———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Units outstanding, end of the year 35,854,066.950 358,540,670 13,685,393.485 136,853,935 16,992,077.248 169,920,772 15,058,095.290 150,580,953———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Plan A - Bonus Option
Units outstanding, beginning of the year 1,742.910 17,429 6,699.539 66,995 - - - -
Units issued during the year - - - - - - - -
Units repurchased during the year (1,742.910) (17,429) (4,956.629) (49,566) - - - -———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Units outstanding, end of the year - - 1,742.910 17,429 - - - -———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Plan A - Dividend Option
Units outstanding, beginning of the year 125,246,436.925 1,252,464,369 16,026,796.988 160,267,970 1,630,560.127 16,305,601 1,971,302.740 19,713,027
Units issued during the year 21,591,492.311 215,914,923413,920,918.851 4,139,209,189 338,168.173 3,381,682 80,188.229 801,882
Units repurchased during the year (118,293,440.615) (1,182,934,406)(304,701,278.914) (3,047,012,789) (685,145.634) (6,851,456) (420,930.842) (4,209,308)———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Units outstanding, end of the year 28,544,488.621 285,444,886125,246,436.925 1,252,464,369 1,283,582.666 12,835,827 1,630,560.127 16,305,601———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Plan B (Direct) - Growth Option
Units outstanding, beginning of the year 1,550,714.003 15,507,140 50,948.917 509,489 284,789.909 2,847,899 96,557.516 965,575
Units issued during the year 284,502.687 2,845,027 1,533,344.362 15,333,444 196,790.141 1,967,901 218,798.763 2,187,988
Units repurchased during the year (61,208.076) (612,081) (33,579.276) (335,793) (92,242.975) (922,430) (30,566.370) (305,664)———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Units outstanding, end of the year 1,774,008.614 17,740,086 1,550,714.003 15,507,140 389,337.075 3,893,370 284,789.909 2,847,899———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Plan B (Direct) - Bonus Option
Units outstanding, beginning of the year - - - - - - - -
Units issued during the year - - - - - - - -
Units repurchased during the year - - - - - - - -———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Units outstanding, end of the year - - - - - - - -———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Plan B (Direct) - Dividend Option
Units outstanding, beginning of the year 1,056,208.646 10,562,086 453,821.235 4,538,212 5,438.637 54,386 7,945.652 79,457
Units issued during the year 44,892.549 448,925 711,393.496 7,113,935 25,845.212 258,452 2,029.003 20,290
Units repurchased during the year (812,616.003) (8,126,160) (109,006.085) (1,090,061) (2,034.434) (20,344) (4,536.018) (45,360)———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Units outstanding, end of the year 288,485.192 2,884,851 1,056,208.646 10,562,086 29,249.415 292,494 5,438.637 54,386———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Total
Units outstanding, beginning of the year 141,540,495.969 1,415,404,959 22,648,056.841 226,480,568 16,978,883.963 169,788,839 18,800,552.338 188,005,523
Units issued during the year 53,675,713.653 536,757,136426,188,830.551 4,261,888,306 6,788,925.649 67,889,256 1,812,187.000 18,121,870
Units repurchased during the year (128,755,160.245) (1,287,551,602)(307,296,391.423) (3,072,963,914) (5,073,563.208) (50,735,632) (3,633,855.375) (36,338,554)———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Units outstanding, end of the year 66,461,049.377 664,610,493141,540,495.969 1,415,404,960 18,694,246.404 186,942,463 16,978,883.963 169,788,840———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————
Note : Includes units allotted to Baroda Pioneer Asset Management Company Limited on account of its investment in the schemes as stipulated under Securities and Exchange board of India (Mutual Funds)(Amendment) Regulations, 2014.
ANNUAL REPORT 2016 - 2017
11
Schedules to the financial statements as at March 31, 2017 (Continued)BARODA PIONEER MID-CAP FUND BARODA PIONEER BANKING AND FINANCIAL SERVICES FUND
March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016(Units) Amounts (Units) Amounts (Units) Amounts (Units) Amounts
UNIT CAPITAL
SCHEDULE - 4
Plan A - Growth OptionUnits outstanding, beginning of the year 33,280,456.979 332,804,570 41,402,353.476 414,023,535 22,981,213.503 229,812,135 24,213,676.278 242,136,763Units issued during the year 7,365,458.574 73,654,586 1,444,081.422 14,440,814 2,290,747.159 22,907,472 3,893,489.458 38,934,895Units repurchased during the year (7,764,286.746) (77,642,867) (9,565,977.919) (95,659,779) (5,081,062.314) (50,810,623) (5,125,952.233) (51,259,522)
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Units outstanding, end of the year 32,881,628.807 328,816,289 33,280,456.979 332,804,570 20,190,898.348 201,908,984 22,981,213.503 229,812,135
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Plan A - Bonus OptionUnits outstanding, beginning of the year - - - - 961.131 9,611 595.164 5,952Units issued during the year - - - - - - 365.967 3,660Units repurchased during the year - - - - - - - -
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Units outstanding, end of the year - - - - 961.131 9,611 961.131 9,611
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Plan A - Dividend OptionUnits outstanding, beginning of the year 5,864,288.864 58,642,889 6,933,497.336 69,334,973 8,738,839.336 87,388,393 9,063,522.237 90,635,222Units issued during the year 230,828.921 2,308,289 43,346.896 433,469 195,263.493 1,952,635 92,988.176 929,882Units repurchased during the year (839,797.304) (8,397,973) (1,112,555.368) (11,125,554) (7,859,106.489) (78,591,065) (417,671.077) (4,176,711)
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Units outstanding, end of the year 5,255,320.481 52,553,205 5,864,288.864 58,642,889 1,074,996.340 10,749,963 8,738,839.336 87,388,393
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Plan B (Direct) - Growth OptionUnits outstanding, beginning of the year 720,695.140 7,206,951 158,746.385 1,587,464 363,112.139 3,631,121 155,019.222 1,550,192Units issued during the year 223,420.656 2,234,207 642,937.633 6,429,376 242,746.535 2,427,465 323,730.637 3,237,306Units repurchased during the year (83,208.655) (832,087) (80,988.878) (809,889) (108,865.129) (1,088,651) (115,637.720) (1,156,377)
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Units outstanding, end of the year 860,907.141 8,609,071 720,695.140 7,206,951 496,993.545 4,969,935 363,112.139 3,631,121
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Plan B (Direct) - Bonus OptionUnits outstanding, beginning of the year - - - - - - - -Units issued during the year - - - - - - - -Units repurchased during the year - - - - - - - -
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Units outstanding, end of the year - - - - - - - -
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Plan B (Direct) - Dividend OptionUnits outstanding, beginning of the year 31,492.380 314,924 7,569.621 75,696 35,448.162 354,482 11,482.384 114,824Units issued during the year 115,026.648 1,150,266 27,995.390 279,954 46,297.296 462,973 24,582.057 245,821Units repurchased during the year (107,630.691) (1,076,307) (4,072.631) (40,726) (23,299.455) (232,995) (616.279) (6,163)
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Units outstanding, end of the year 38,888.337 388,883 31,492.380 314,924 58,446.003 584,460 35,448.162 354,482
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————TotalUnits outstanding, beginning of the year 39,896,933.363 398,969,334 48,502,166.818 485,021,668 32,119,574.271 321,195,742 33,444,295.285 334,442,953Units issued during the year 7,934,734.799 79,347,348 2,158,361.341 21,583,613 2,775,054.483 27,750,545 4,335,156.295 43,351,563Units repurchased during the year (8,794,923.396) (87,949,234)(10,763,594.796) (107,635,948) (13,072,333.387) (130,723,334) (5,659,877.309) (56,598,773)
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Units outstanding, end of the year 39,036,744.766 390,367,448 39,896,933.363 398,969,334 21,822,295.367 218,222,953 32,119,574.271 321,195,743
———————— ———————— ———————— ———————— ———————— ———————— ———————— ————————Note : Includes units allotted to Baroda Pioneer Asset Management Company Limited on account of its investment in the schemes as stipulated under Securities and Exchange board of India (Mutual Funds)(Amendment) Regulations, 2014.
BARODA PIONEER MUTUAL FUND
12
Schedules to the financial statements as at March 31, 2017 (Continued)BARODA PIONEER EQUITY TRIGGER FUND-SERIES IMarch 31, 2017 March 31, 2016
(Units) Amounts (Units) Amounts
UNIT CAPITAL
SCHEDULE - 4Plan A - Growth OptionUnits outstanding, beginning of the year 30,568,708.420 305,687,084 30,568,708.420 305,687,084Units issued during the year - - - -Units repurchased during the year - - - -
———————— ———————— ———————— ————————Units outstanding, end of the year 30,568,708.420 305,687,084 30,568,708.420 305,687,084
———————— ———————— ———————— ————————Plan A - Bonus OptionUnits outstanding, beginning of the year - - - -Units issued during the year - - - -Units repurchased during the year - - - -
———————— ———————— ———————— ————————Units outstanding, end of the year - - - -
———————— ———————— ———————— ————————Plan A - Dividend OptionUnits outstanding, beginning of the year 23,537,939.970 235,379,400 23,537,939.970 235,379,400Units issued during the year - - - -Units repurchased during the year - - - -
———————— ———————— ———————— ————————Units outstanding, end of the year 23,537,939.970 235,379,400 23,537,939.970 235,379,400
———————— ———————— ———————— ————————Plan B (Direct) - Growth OptionUnits outstanding, beginning of the year 678,931.856 6,789,319 678,931.856 6,789,319Units issued during the year - - - -Units repurchased during the year - - - -
———————— ———————— ———————— ————————Units outstanding, end of the year 678,931.856 6,789,319 678,931.856 6,789,319
———————— ———————— ———————— ————————Plan B (Direct) - Bonus OptionUnits outstanding, beginning of the year - - - -Units issued during the year - - - -Units repurchased during the year - - - -
———————— ———————— ———————— ————————Units outstanding, end of the year - - - -
———————— ———————— ———————— ————————Plan B (Direct) - Dividend OptionUnits outstanding, beginning of the year 7,169,007.979 71,690,080 7,169,007.979 71,690,080Units issued during the year - - - -Units repurchased during the year - - - -
———————— ———————— ———————— ————————Units outstanding, end of the year 7,169,007.979 71,690,080 7,169,007.979 71,690,080
———————— ———————— ———————— ————————TotalUnits outstanding, beginning of the year 61,954,588.225 619,545,883 61,954,588.225 619,545,882Units issued during the year - - - -Units repurchased during the year - - - -
———————— ———————— ———————— ————————Units outstanding, end of the year 61,954,588.225 619,545,883 61,954,588.225 619,545,882
———————— ———————— ———————— ————————Note : Includes units allotted to Baroda Pioneer Asset Management Company Limited on account of its investment in the schemes as stipulated under Securities and Exchange board of India (Mutual Funds)(Amendment) Regulations, 2014.
ANNUAL REPORT 2016 - 2017
13
Schedules to the financial statements as at March 31, 2017 (Continued)BARODA PIONEER BARODA PIONEER BARODA PIONEER BARODA PIONEER
ELSS 96 FUND GROWTH FUND BALANCE FUND LARGE CAP FUNDMarch 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016
Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees
SCHEDULE - 5RESERVES AND SURPLUSUnit Premium ReserveAt the beginning of the year 191,046,107 133,485,735 303,125,113 (444,840,483) (33,465,351) (43,644,589) 538,977 1,061,183On issue / redemption during the year 232,014,686 72,999,722 965,183,277 505,936,253 189,077,029 3,664,770,053 7,049,679 (2,493,803)Transfer from / (to) equalisation reserve (25,160,683) (15,439,350) (834,926,015) 242,029,343 (177,795,251) (3,654,590,815) (6,447,385) 1,971,597At the end of the year 397,900,110 191,046,107 433,382,375 303,125,113 (22,183,573) (33,465,351) 1,141,271 538,977Equalisation reserveAt the beginning of the year - - - - - - - -Additions during the year 25,160,683 15,439,350 834,926,015 (242,029,343) 177,795,251 3,654,590,815 6,447,385 (1,971,597)Transferred to revenue account (25,160,683) (15,439,350) (834,926,015) 242,029,343 (177,795,251) (3,654,590,815) (6,447,385) 1,971,597At the end of the year - - - - - - - -Unrealised appreciation reserveAt the beginning of the year 2,950,208 50,784,156 135,713,179 578,492,829 1,718,878 14,273,692 573,302 10,786,163Net change in Unrealised Appreciation inValue of Investments and Derivatives transferredfrom Revenue Account 70,571,251 (47,833,948) 311,621,884 (442,779,650) 129,116,677 (12,554,814) 16,043,781 (10,212,861)At the end of the year 73,521,459 2,950,208 447,335,063 135,713,179 130,835,555 1,718,878 16,617,083 573,302Reserve FundAt the beginning of the year 98,955,582 115,946,269 1,707,730,863 1,798,817,813 1,310,782,028 497,607,681 483,026 27,533,428Transferred to Revenue Account (98,955,582) (115,946,269) (1,707,730,863) (1,798,817,813) (1,310,782,028) (497,607,681) (483,026) (27,533,428)Balance Transferred from Revenue Account 156,093,302 98,955,582 2,872,490,348 1,707,730,863 1,615,295,588 1,310,782,028 34,899,734 483,026At the end of the year 156,093,302 98,955,582 2,872,490,348 1,707,730,863 1,615,295,588 1,310,782,028 34,899,734 483,026
TOTAL 627,514,871 292,951,897 3,753,207,786 2,146,569,155 1,723,947,570 1,279,035,555 52,658,088 1,595,305
SCHEDULE - 6CURRENT LIABILITIES AND PROVISIONSInvestment Management Fees (Including Service Tax) 142,687 437,409 1,847,577 712,534 165,299 - 264,127 188,007Trusteeship Fees and Expenses 863 - 4,291 - 2,342 - 236 -Audit Fees 8,289 5,831 41,246 32,916 22,508 34,574 2,276 2,176Selling and Distribution Expenses 25,000 - - - 185,000 - - -Purchase Contracts Awaiting Completion- Equity Shares - 4,305,360 - 52,696,841 - - - 3,429,400- Collateralised Borrowing and Lending Obligation - 3,812,896 - 4,541,045 - 13,224,790 - 3,823,420Unit Redemption Payable 736,230 727,368 10,132,658 4,126,374 13,701,886 509,099,796 576,265 185,009Inter Scheme payable- For Switch - Out 6,160 - 279,156 340,610 64,410,038 198,119,206 - -- For Others 754,038 158,490 13,536,000 1,518,510 884,500 1,000 3,000 3,500Dividend Payable 467,857 462,785 12,650,551 14,073 86,744 566,243 - -Unclaimed Redemption (Note 14) 603,443 132,245 1,525,618 619,524 94,000 37,760 127,771 86,892Unclaimed Dividend (Note 14) 8,674,323 2,766,273 16,032,464 604,040 75,840 65,636 20,631 -Investor Education and Awareness Payable (Note 15) 13,996 7,727 69,954 42,529 36,431 111,310 3,760 2,816Brokerage and Commission payable 606,585 429,412 2,112,266 6,685,957 1,435,192 5,924,832 220,107 596,338Subscription pending allotment - - 28,723,119 - 50,031,094 2,564,019 2,195,500 -Tax deducted at source payable 1,028 1,085 5,948 3,800 2,964 3,842 322 280Sundry Payables 114,755 76,243 322,867 788,557 234,757 284,376 14,629 2,486
TOTAL 12,155,254 13,323,124 87,283,715 72,727,310 131,368,595 730,037,384 3,428,624 8,320,324
SCHEDULE - 7INTEREST AND DISCOUNTDebentures and Bonds - - - - 17,406,246 48,554,865 47,756 47,759Commercial Papers - - - - 326,283 24,681,323 - -Certificate of Deposits - - - 245,200 149,936 20,308,255 - -Government Securities - - - - 7,783,225 3,392,931 - -CBLO and Reverse Repo 967,442 772,170 6,525,766 5,808,492 5,543,656 26,392,232 361,198 477,455Deposits 48,642 54,473 335,967 446,367 233,416 1,204,856 10,318 19,912
TOTAL 1,016,084 826,643 6,861,733 6,500,059 31,442,762 124,534,462 419,272 545,126
SCHEDULE - 8OTHER OPERATING EXPENSESBank Charges 4,176 965 34,282 4,107 7,464 2,656 676 25Brokerage On Derivatives - - 477,372 - 142,338 - 13,844 -Other Expenses 9 29 10,838 164 - 56 1,079 15
TOTAL 4,185 994 522,492 4,271 149,802 2,712 15,599 40
BARODA PIONEER MUTUAL FUND
14
Schedules to the financial statements as at March 31, 2017 (Continued)BARODA PIONEER BARODA PIONEER BARODA PIONEER
MID-CAP FUND BANKING AND FINANCIAL EQUITY TRIGGERSERVICES FUND FUND-SERIES I
March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016Rupees Rupees Rupees Rupees Rupees Rupees
SCHEDULE - 5RESERVES AND SURPLUSUnit Premium ReserveAt the beginning of the year 116,131,727 106,584,920 (18,175,405) (44,532,276) - -On issue / redemption during the year 3,928,047 14,082,105 (70,813,443) (5,740,621) - -Transfer from / (to) equalisation reserve - (4,535,298) 45,509,270 32,097,492 - -At the end of the year 120,059,774 116,131,727 (43,479,578) (18,175,405) - -Equalisation reserveAt the beginning of the year - - - - - -Additions during the year - 4,535,298 (45,509,270) (32,097,492) - -Transferred to revenue account - (4,535,298) 45,509,270 32,097,492 - -At the end of the year - - - - - -Unrealised appreciation reserveAt the beginning of the year (1,844,954) (1,847,033) 12,860,696 75,918,054 1 4,498,344Net change in Unrealised Appreciation in Value of Investments and 19,756,846 2,079 40,531,122 (63,057,358) 78,489,342 (4,498,343)Derivatives transferred from Revenue AccountAt the end of the year 17,911,892 (1,844,954) 53,391,818 12,860,696 78,489,343 1Reserve FundAt the beginning of the year (246,770,649) (185,805,821) 121,059,214 159,782,548 (24,541,204) 13,657,773Transferred to Revenue Account 246,770,649 185,805,821 (121,059,214) (159,782,548) 24,541,204 (13,657,773)Balance Transferred from Revenue Account (200,465,785) (246,770,649) 183,438,445 121,059,214 78,134,082 (24,541,204)At the end of the year (200,465,785) (246,770,649) 183,438,445 121,059,214 78,134,082 (24,541,204)
TOTAL (62,494,119) (132,483,876) 193,350,685 115,744,505 156,623,425 (24,541,203)
SCHEDULE - 6CURRENT LIABILITIES AND PROVISIONSInvestment Management Fees (Including Service Tax) 475,508 211,451 179,124 33,891 782,508 1,198,285Trusteeship Fees and Expenses 325 - 409 - 771 -Audit Fees 3,128 3,381 3,932 5,548 7,407 -Selling and Distribution Expenses - - - - - -Purchase Contracts Awaiting Completion- Equity Shares - 4,286,750 - 4,305,360 - 5,919,870- Collateralised Borrowing and Lending Obligation - 3,968,251 - 3,884,050 - 3,966,085Unit Redemption Payable 1,904,068 249,413 1,972,633 759,829 - -Inter Scheme payable- For Switch - Out 10,739 18,177 20,000 76 - -- For Others 1,160,000 9,000 670,463 21,000 - -Dividend Payable - - 4,084 - - -Unclaimed Redemption (Note 14) 231,550 12,419 163,606 - - -Unclaimed Dividend (Note 14) - - 4,591 - - -Investor Education and Awareness Payable (Note 15) 5,298 4,396 6,902 7,134 12,825 9,800Brokerage and Commission payable 554,765 671,022 143,481 243,572 400,938 1,663,937Subscription pending allotment 645,502 - 213,600 - - -Tax deducted at source payable 2,720 418 754 623 1,032 240Sundry Payables 9,991 1,778 22,162 23,010 1,856 1,010
TOTAL 5,003,594 9,436,456 3,405,741 9,284,093 1,207,337 12,759,227
SCHEDULE - 7INTEREST AND DISCOUNTDebentures and Bonds 106,125 106,131 - - - -Commercial Papers - - - - - -Certificate of Deposits - - - - - -Government Securities - - - - - -CBLO and Reverse Repo 673,089 1,212,441 1,091,677 925,505 1,755,174 1,815,629Deposits 14,886 - 36,077 - 125,743 189,425
TOTAL 794,100 1,318,572 1,127,754 925,505 1,880,917 2,005,054
SCHEDULE - 8OTHER OPERATING EXPENSESBank Charges 896 - 538 - - 1,000Brokerage On Derivatives - - 68,723 - 12,579 -Other Expenses 643 35 3,386 39 831 43
TOTAL 1,539 35 72,647 39 13,410 1,043
ANNUAL REPORT 2016 - 2017
15
Schedules to the financial statements as at March 31, 2017 (Continued)Schedule - 9NOTES TO THE FINANCIAL STATEMENTS1. Organization
a) Baroda Pioneer Mutual Fund (“the Mutual Fund”), formerly known as BOB Mutual Fund, has been constituted as a Trust in accordance with the provisions of the Indian Trusts Act, 1882 (2 of 1882) on30th October 1992. The trust deed has been registered under the Indian Registration Act, 1908. The Mutual Fund is registered with SEBI under Registration No. MF/018/94/2, dated November 21, 1994.
b) BOB Mutual Fund was established by Bank of Baroda by the execution of a Trust Deed dated October 30, 1992. Pioneer Global Asset Management S.p.A. acquired 51% stake in BOB Asset ManagementCompany Limited in 2008 and became co-sponsor for BOB Mutual Fund. The name of BOB Mutual Fund was then changed to Baroda Pioneer Mutual Fund, for which SEBI approval was received videtheir letter IMD/RB/134922/08 dated August 12, 2008.
c) The key features of the Equity Schemes of the Mutual Fund presented in these financial statements are as under :Scheme Name Type of Launched Date of Investment Plans /Options
(Collectively termed as Scheme on allotment Objective currently offered“the Schemes”)
Note : -** The bonus option in the Schemes has been discontinued with effective from June 08, 2015. $ Name of the Scheme has been changed from Baroda Pioneer Infrastructure Fund to Baroda Pioneer LargeCap Fund and Baroda Pioneer PSU Equity Fund to Baroda Pioneer Mid-cap Fund with effective from October 3, 2016.
2. Significant Accounting Policies2.1 BASIS OF ACCOUNTING
The scheme maintains books of accounts on an accrual basis. These financials statements have been prepared in accordance with the accounting policies and standards specified in the Ninth Scheduleof the Securities and Exchange Board of India (Mutual Fund) Regulations 1996 and amended thereto (“SEBI Regulations”) as applicable. Presentation of these separate balance sheet and revenue accountin a columnar form is not intended to indicate that they bear any relation to each other or are comparable in any way. They are independent of each other.
2.2 INCOME RECOGNITIONi. Interest income is recorded on accrual basis.ii. Dividend income is recognized on ex-dividend date
2.3 EXPENSESi. Expenses are accounted for on accrual basis.ii. Investment management fees payable to Asset Management Company is computed on the basis of Daily Net Asset Value.
2.4 LOAD CHARGESSEBI circular No. CIR /IMD/DF/ 4/2011 dated March 09, 2011 has mandated that there should be segregation of load accounts into two parts, one to reflect the balance as on July 31, 2009 and the other toreflect accretions since August 01, 2009. While the unutilized balances can be carried forward, not more than one third of the load balances lying in the Scheme as on July 31, 2009 can be used in anyfinancial year, starting from 2010-2011 for future marketing and selling expenses. All accretions after July 31, 2009 can be used by the Schemes for future marketing and selling expenses includingdistributors/agents commission.Pursuant to SEBI (Second Amendment) (Mutual Fund) Regulations, 1992 dated September 26, 2012, with effect from October 01, 2012, exit load net off service tax is credited to the scheme.
Baroda PioneerELSS’96 Fund
An open ended tax benefit-cum-growth Scheme
December 29, 1995 March 31, 1996 The main objective of the scheme is to providethe investor long term capital growth as also taxbenefit under section 80C of the income Tax Act,1961.
Plan A - Growth Option, Plan A - Bonus Option**Plan A - Dividend Option, Plan B (Direct) - GrowthOption, Plan B (Direct) - Bonus Option**, Plan B(Direct) - Dividend Option
Baroda PioneerGrowth Fund
An open ended growthscheme
August 14, 2003 September 12, 2003 The Investment Objective of the scheme is togenerate long term Capital appreciation from anactively managed portfolio of equity relatedinstruments.
Plan A - Growth Option,Plan A - Dividend , OptionPlan B (Direct) - Growth, Option Plan B (Direct) -Dividend Option
Baroda PioneerBalance Fund
An open ended balancedscheme
August 14, 2003 September 12, 2003 The scheme is targeted for long-term capitalappreciation along with stability through a wellbalance portfolio comprising of equity, equityrelated instruments, money market instrumentsand debt securities
Plan A - Growth Option, Plan A - Dividend OptionPlan A - Bonus Option, **Plan B (Direct) - GrowthOption Plan B (Direct) - Dividend Option
Baroda PioneerLarge Cap Fund $
An open ended equityscheme
May 03, 2010 June 22, 2010 The primary objective of the Scheme is togenerate capital appreciation by investingpredominantly in a diversified portfolio of equityand equity related securities of large capcompanies. The Scheme may also invest in debtand money market securities. However, there isno assurance or guarantee that the investmentobjective of the Scheme will be realized.
Plan A - Growth Option, Plan A - Dividend Option,Plan B (Direct) - Growth Option, Plan B (Direct) -Dividend Option
Baroda PioneerMid-cap Fund $
An open ended equityscheme
September 13, 2010 October 04, 2010 The primary objective of the Scheme will be togenerate capital appreciation by investingpredominantly in a diversified portfolio of equityand equity related securities of growth orientedmid cap stocks.However, there is no assuranceor guarantee that the investment objective of theScheme will be realized.
Plan A - Growth Option, Plan A - Dividend Option,Plan B (Direct) - Growth Option, Plan B (Direct) -Dividend Option
Baroda PioneerBanking and FinancialServices Fund
An open ended sectoralscheme
June 01, 2012 June 22, 2012 The investment objective is to generate long-termcapital appreciation for unit holders from aportfolio invested predominantly in equity andequity-related securities of companies engagedin Banking and Financial service sector.
Plan A - Growth Option, Plan A - Bonus Option**Plan A - Dividend Option, Plan B (Direct) - GrowthOption, Plan B (Direct) - Dividend Option
Baroda Pioneer EquityTrigger Fund-Series
A closed ended equityscheme
December 05, 2014 December 29, 2014 The investment objective is to provide capitalappreciation by investing in a well-diversifiedportfolio of equity and equity-related securitiespredominantly of midcap and small capcompanies. There is no assurance or guaranteethat the investment objective of the Scheme willbe realized.
Plan A - Growth Option, Plan A - Dividend Option,Plan B (Direct) - Growth Option, Plan B (Direct) -Dividend Option
BARODA PIONEER MUTUAL FUND
16
Schedules to the financial statements as at March 31, 2017 (Continued)Schedule - 9NOTES TO THE FINANCIAL STATEMENTS
2.5 INVESTMENTSa) Basis of accounting
i. Transactions for purchase and sale of investments are recognized as of the trade date. In determining the holding cost of investments and the gain or loss on sale of investments, the “weightedaverage cost” method is followed. The cost of investments includes brokerage, stamp charges and any other charge customarily included in the contract note but excludes custodian safekeepingfees. Pursuant to SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012, with effect from October 01, 2012, Brokerage and Transaction Costs which are incurred for the purpose ofexecution of trade are included in the cost of investment, not exceeding 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives transactions. Remaining portionis charged to expenses, within total expense ratio in line with Regulations.
ii. Bonus entitlements are recognized as investments on ex-bonus date.iii. Rights entitlements are recognized as investments on ex-rights date.
b) ValuationInvestments are stated at market/fair value at the Balance Sheet date/date of determination. In valuing the Scheme’s investments:-I) Valuation of Equity and Equity related securities
II) Valuation of Fixed Income and related InstrumentsCategory DetailsTraded Securities All securities with residual maturity greater than 60 days shall be valued at the average of the prices provided by the agencies nominated by AMFI (currently
CRISIL & ICRA) on a daily basis.For Instruments with residual maturity less than or equal to 60 days – At least 3 trades aggregating to Rs. 100 crores or more are reported on a public platform.The traded price would be compared to the amortised price. In case if the difference between the traded price and the amortised price is greater than +/- 0.10%band, the YTM will have to be adjusted to bring the price within the +/- 0.10% band.
Non-Traded Securities All securities with residual maturity greater than 60 days shall be valued at the average of the prices provided by the agencies nominated by AMFI (currentlyCRISIL & ICRA) on a daily basis.Securities with residual maturity less than or equal to 60 days Straight line amortisation from the last valuation price / cost, whichever is more recent. Theamortised price would be compared to the reference price. In case if the difference between the amortised price and the reference price is greater than +/- 0.10%,the YTM will have to be adjusted to bring the price within the +/- 0.10% band.
Government Securities, Securities with residual maturity of less than or equal to 60 days will be valued as per the methodology prescribed above for traded and non-traded securities.Treasury Bills and Cash Securities with residual maturity of more than 60 days would be valued at the average of the prices provided by the agencies nominated by AMFI (currentlyManagement Bills CRISIL & ICRA) on a daily basis.Fixed Deposits / CBLO / To be Valued at CostReverse RepoBill Rediscounting Securities with residual maturity of less than or equal to 60 days will be valued on Straight line amortisation from the last valuation price / cost, whichever
is more recent. Securities with residual maturity of more than 60 days would be valued at the average of the prices provided by the agencies nominated byAMFI (currently CRISIL & ICRA) on a daily basis.
Mutual Fund Units To be valued as per the same day NAV or last available NAVOwn Trades Own trade shall mean trades by schemes of Baroda Pioneer Mutual Fund provided the face value of such trades is INR 5 crores or more. The price at which
the own trade has taken place, will be considered as reflective of the realizable value of the total holding in a single instrument. Accordingly, the total holdingin that instrument will be valued at the weighted average yield at which the own trade has taken place.
Convertible Debentures In respect of convertible debentures, the non-convertible and convertible components shall be valued separately. The non-convertible component should bevalued on the same basis as would be applicable to a debt instrument. The convertible component should be valued on the same basis as would be applicableto an equity instrument. If, after conversion the resultant equity instrument would be traded paripassu with an existing instrument which is traded, the valueof the latter instrument can be adopted after an appropriate discount for the non-tradability of the instrument during the period preceding the conversion. Whilevaluing such instruments, the fact whether the conversion is optional, should also be factored in.
Category Traded Thinly TradedNon-Traded
The securities shall be valued at the last quotedclosing price on the primary stock exchange(National Stock Exchange of India Limited).
When on a particular valuation day, a securityhas not been traded on the primary stockexchange; the value at which it is traded onanother stock exchange may be used.
Any security for which the trading in a month isless than Rs 5 lakhs and total volume is lessthan 50,000 shares will be classified as a Thinlytraded security.
When a security is not traded on any stockexchange on a particular valuation day, thevalue at which it was traded on the selectedstock exchange or any other stock exchange,as the case may be, on the earliest previousday may be used provided such date is not morethan thirty days prior to the valuation date.If the security is not traded even after 30 days,the same would be valued in Good Faith by theAMC as per the valuation principles laid downby SEBI.
Such Thinly traded securities shall be valuedin Good Faith by the AMC as per the valuationprinciples laid down by SEBI.
Equity Shares / Preference Shares / Warrants
Futures and Options Valued as per NSE Settlement price. Based on settlement price / any other equivalent price provided by the respective stock exchange.
Unlisted Shall be valued in Good Faith by the AMC based on the latest available Annual Report of the company as per SEBI Regulations. In case ofany deviation due to non-availability of any parameters required for valuation as per SEBI Regulations, the methodology used for valuation shallbe documented and recorded.
Rights In accordance with guidelines prescribed by the SEBI.
Amalgamation / Merger / De-merger / Spin off In case if any of the resultant entities is not listed, the valuation for the same shall be arrived at in good faith by the Valuation Committee.
Initial Public Offer (IPOs) Valued at acquisition cost till the date of listing. Post listing, it will be valued as per the norms applicable for Traded equity shares.
ANNUAL REPORT 2016 - 2017
17
Schedules to the financial statements as at March 31, 2017 (Continued)Schedule - 9NOTES TO THE FINANCIAL STATEMENTS
The net unrealized appreciation / depreciation in the value of investments is determined separately for each category of investments. In respect of each category of investments, the net change inthe unrealized appreciation if any, between two balance sheet dates / valuation dates is accounted through the Revenue Account and thereafter the net unrealized appreciation is transferred from theRevenue Account to the Unrealized Appreciation Reserve. The net change in depreciation if any is accounted through the Revenue Account.Net unrealized appreciation is reduced from the distributable income at the time of income distribution.
2.6 UNIT CAPITAL, UNIT PREMIUM RESERVE ACCOUNT AND EQUALISATION ACCOUNTUnit capital represents the net outstanding as at the balance sheet date.Upon issue and redemption of units, the net premium or discount to the face value of the units is adjusted against the unit premium reserve of the respective plans/ options of the Scheme, after an appropriateportion of the issue proceeds and redemption pay-out is credited or debited respectively to the income equalization reserve.The net distributable income relating to units issued / repurchased is transferred to / from income equalization reserve for determining the net surplus / deficit, transferred from / to unit premium reserve. Atyear end, balance in income equalization reserve is transferred to revenue account.
2.7 NET ASSET VALUE (NAV)The net asset value of the units of the Schemes is determined separately for units issued under the various Plans /Options.For reporting the net asset values of the Plans /Options, daily income earned, including realized and unrealized gain or loss in the value of investments and expense incurred by the Schemes is allocatedto the Plans /Options in proportion to the value of the net assets.
2.8 DERIVATIVESThe Scheme enters into derivative transactions in equity/ index futures for the purpose of hedging, leveraging and portfolio balancing.“Derivative margin deposit” representing the margin towards equity derivative contracts entered into by the Scheme is disclosed under “Deposits”.Futuresi. Futures contracts are marked to market daily at the futures settlement price as determined by the exchange. The variation margin calculated as the difference between the trade price and the previous
day’s settlement price, as the case may be, and the current day’s settlement price is recorded as a receivable or payable.ii. When a contract is closed (squared off)/settled (on expiry), the difference between the final settlement/ square-off price and the contract price is recognized in the revenue account. If more than one
futures contracts in respect of the same stock/index and expiry date, to which the squared off /settled contract pertains, is outstanding at the time of square off /settlement of the contract, the weightedaverage method is followed for determining the gain or loss.
iii. As at the Balance Sheet date/date of determination, all open futures positions are valued at the futures settlement price as determined by the exchange where it is traded. Non traded futures contractsare valued as per fair valuation policy as approved by AMC and the trustee. The unrealized appreciation/depreciation on all open positions is considered for determining the net asset value.
Options(i) Premium paid/received on bought/written option contracts is debited/credited to “Investments-Options” and recorded as Asset/Liability.(ii) When the option contracts are squared off before expiry, the difference between the premium paid and received on the squared off transactions is recognized in the Revenue Account. When the option
contracts are exercised on or before the expiry, the difference between the option settlement price as determined by the exchange and the premium is recognized in the revenue account. If more thanone option contracts in respect of the same stock/index with the same strike price and expiry date to which the squared off/ exercised contract pertains is outstanding at the time of square off/ exerciseof the contract, the weighted average method is followed for determining the gain or loss.
(iii) Premium assets/liabilities in respect of options not exercised/ squared off as at expiry date is transferred to Revenue Account.(iv) As at the Balance Sheet date/ date of determination, all open option positions are valued at the settlement price as determined by the exchange where it is traded. Non-traded option contracts are
valued at fair value as per procedures determined by the AMC and approved by the Trustee. The unrealized appreciation/depreciation all open positions is considered for determining the net assetvalue.
3. Net Asset Value Per UnitThe net asset values of the various plans of the Schemes as on the date of the Balance sheet are as follows:SCHEME NAME Options March 31, 2017 March 31, 2016Baroda Pioneer ELSS 96 Fund Plan A - Growth Option 41.72 33.34
Plan A - Bonus Option 41.72 33.34Plan A - Dividend Option 30.11 26.10Plan B (Direct) - Growth Option 43.94 34.85Plan B (Direct) - Bonus Option 43.94 34.85Plan B (Direct) - Dividend Option 35.01 29.79
Baroda Pioneer Growth Fund Plan A - Growth Option 88.53 71.55Plan A - Dividend Option 33.83 32.05Plan B (Direct) - Growth Option 91.82 73.62Plan B (Direct) - Dividend Option 33.30 31.39
Baroda Pioneer Balance Fund Plan A - Growth Option 49.83 41.21Plan A - Bonus Option - 41.21Plan A - Dividend Option 17.66 16.32Plan B (Direct) - Growth Option 52.12 42.57Plan B (Direct) - Dividend Option 19.00 17.20
Baroda Pioneer Large Cap Fund Plan A - Growth Option 12.88 10.17Plan A - Dividend Option 11.86 9.36Plan B (Direct) - Growth Option 13.22 10.37Plan B (Direct) - Dividend Option 12.19 9.56
Baroda Pioneer Mid-cap Fund Plan A - Growth Option 8.39 6.68Plan A - Dividend Option 8.39 6.68Plan B (Direct) - Growth Option 8.67 6.84Plan B (Direct) - Dividend Option 8.67 6.84
Baroda Pioneer Banking and Financial Plan A - Growth Option 18.99 13.86Services Fund Plan A - Bonus Option 18.99 13.86
Plan A - Dividend Option 16.15 12.90Plan B (Direct) - Growth Option 19.65 14.25Plan B (Direct) - Dividend Option 16.76 13.26
Baroda Pioneer Equity Trigger Fund-Series I Plan A - Growth Option 12.47 9.58Plan A - Dividend Option 12.47 9.58Plan B (Direct) - Growth Option 12.92 9.78Plan B (Direct) - Dividend Option 12.92 9.78
BARODA PIONEER MUTUAL FUND
18
Schedules to the financial statements as at March 31, 2017 (Continued)Schedule - 9NOTES TO THE FINANCIAL STATEMENTS
4. Investment Management FeesThe computation of the management fees (Excluding service tax on management fees) charged to the Revenue Account for the year ended March 31, 2017 for the Schemes are as under:Scheme Name Period Average Daily Management Fees % of Management Fees to
ended Net Asset Value (Excluding service tax) Average Net Asset Value
Baroda Pioneer ELSS 96 Fund March 31, 2017 609,552,990 11,608,606 1.90March 31, 2016 429,537,291 7,859,551 1.83
Baroda Pioneer Growth Fund March 31, 2017 3,247,894,293 62,503,742 1.92March 31, 2016 2,390,706,802 49,776,817 2.08
Baroda Pioneer Balance Fund March 31, 2017 1,434,608,914 18,117,578 1.26March 31, 2016 5,159,457,410 66,232,666 1.28
Baroda Pioneer Large Cap Fund March 31, 2017 181,974,554 3,828,468 2.10March 31, 2016 194,839,730 4,277,889 2.20
Baroda Pioneer Mid-cap Fund March 31, 2017 280,346,052 5,740,144 2.05March 31, 2016 328,798,602 6,731,639 2.05
Baroda Pioneer Banking and Financial Services Fund March 31, 2017 479,296,168 9,537,128 1.99March 31, 2016 480,672,204 8,695,032 1.81
Baroda Pioneer Equity Trigger Fund-Series I March 31, 2017 682,208,969 11,599,493 1.70March 31, 2016 620,196,038 14,432,459 2.33
5. Trusteeship FeesBaroda Pioneer Trustee Company Private Limited, Trustee to Baroda Pioneer Mutual Fund was entitled to an annual fee of 1.25% of the net assets or INR 21 lacs per annum, whichever was lower, for the Financialyear 2016-17. Such fee was allocated among the schemes of Baroda Pioneer Mutual Fund proportionately on the basis of their month end AUMs.
6. Custodian FeesCITI Bank NA. provides custodial services to the Schemes for which it receives Custody fees (including transaction and registration charges). The Custody fees are borne by Baroda Pioneer Asset ManagementCompany Limited.
7. Custodian ConfirmationConfirmation has been received from Citibank NA at the end of the year for the investments held by the Schemes. All investments, except Government of India Securities, Fixed Deposit Receipts, Mutual FundUnits and Collateralized Borrowing and Lending Obligation (CBLO) are held in safe custody of the custodian. Investments in Government Securities are held in an SGL account maintained with Reserve Bankof India in the name of “Baroda Pioneer Mutual Fund”.
8. Aggregate Appreciation and Depreciation in the Value of Investments and DerivativesScheme Name Investments Appreciation Depreciation
March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016Baroda Pioneer ELSS 96 Fund Equity Shares 87,404,981 27,082,092 13,883,521 24,131,884
TOTAL 87,404,981 27,082,092 13,883,521 24,131,884Baroda Pioneer Growth Fund Equity Shares 505,680,504 237,357,887 58,345,442 101,644,709
TOTAL 505,680,504 237,357,887 58,345,442 101,644,709Baroda Pioneer Balance Fund Commercial Paper - 6,566 - -Equity Shares 147,598,843 69,802,826 18,977,159 148,662,574Debentures and Bonds Listed / Awaiting listing 981,574 321,215 448,560 1,599,130Government Securities 2,828,372 1,725,418 1,147,517 13,106
TOTAL 151,408,789 71,856,025 20,573,236 150,274,810Baroda Pioneer Large Cap Fund Equity Shares 18,801,770 7,380,954 2,774,495 11,651,707Debentures and Bonds Listed / Awaiting listing 589,808 573,302 - -
TOTAL 19,391,578 7,954,256 2,774,495 11,651,707Baroda Pioneer Mid-cap Fund Equity Shares 27,185,376 4,290,075 7,465,209 32,581,704Debentures and Bonds Listed / Awaiting listing 1,310,684 1,274,005 - -
TOTAL 28,496,060 5,564,080 7,465,209 32,581,704Baroda Pioneer Banking and Financial Services Fund Equity Shares 55,663,121 40,671,914 2,271,303 27,811,219
TOTAL 55,663,121 40,671,914 2,271,303 27,811,219Baroda Pioneer Equity Trigger Fund-Series I Equity Shares 84,481,766 32,122,466 5,992,425 46,723,272
TOTAL 84,481,766 32,122,466 5,992,425 46,723,272
9. Disclosure under Regulation 25(11) of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as amendedInvestment made by Baroda Pioneer Mutual Fund in companies which hold 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 31,2017 which have been listed in Annexure I
10. Disclosure under Regulation 25(8) of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as amendedThe Schemes have entered into transactions with certain related parties. The information required in accordance with Accounting Standard (AS) -18 on ‘Related Party Disclosures’ issued by the Institute ofChartered Accountants of India and Regulation 25(8) of the SEBI Regulations, is provided in Annexure II.
11. Segment ReportingThe Schemes are primarily engaged in the business of investing the amounts received from investors as unit capital, in accordance with their investment objectives, to generate returns. Since there is only onebusiness segment and no geographical segments, the segmental reporting disclosures as required by Accounting Standard (AS) - 17, issued by the Institute of Chartered Accountants of India have not been made.
ANNUAL REPORT 2016 - 2017
19
Schedules to the financial statements as at March 31, 2017 (Continued)Schedule - 9NOTES TO THE FINANCIAL STATEMENTS12. Aggregate Value of Purchase and Sale of Investments
The aggregate value of investments (excluding Fixed Deposits, CBLO, Future, Option and Reverse Repo) purchased and sold (including maturity/redemptions) during the year and their percentage of therespective average daily net assets are as follows:Scheme Name March 31, 2017 March 31, 2016
Purchases Sales Purchases SalesAmount % of Avg. Amount % of Avg. Amount % of Avg. Amount % of Avg.
Net Assets Net Assets Net Assets Net AssetsBaroda Pioneer ELSS 96 Fund 1,570,726,563 257.68 1,342,968,183 220.32 840,131,878 195.59 764,341,727 177.95Baroda Pioneer Growth Fund 6,852,568,035 210.98 5,946,620,897 183.09 4,054,533,943 169.60 3,557,628,536 148.81Baroda Pioneer Balance Fund 4,252,740,274 296.44 5,177,954,388 360.93 15,916,006,229 308.48 13,284,857,543 257.49Baroda Pioneer Large Cap Fund 515,117,635 283.07 499,067,346 274.25 440,470,563 226.07 464,527,202 238.42Baroda Pioneer Mid-cap Fund 732,096,897 261.14 723,308,280 258.01 477,855,916 145.33 548,171,351 166.72Baroda Pioneer Banking and Financial Services Fund 876,635,758 182.90 1,054,907,351 220.10 492,201,658 102.40 514,976,453 107.14Baroda Pioneer Equity Trigger Fund-Series I 1,483,873,762 217.51 1,485,735,806 217.78 1,197,842,707 193.14 1,192,677,104 192.31
13. Income / ExpenditureAnnualised total income (includes net of loss on sale and 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:Scheme Name March 31, 2017 March 31, 2016
Total income Percentage of Total Expenses Percentage of Total income Percentage of Total income Percentage of(Rupees) average daily (Rupees) average daily (Rupees) average daily (Rupees) average daily
net assets net assets net assets net assetsBaroda Pioneer ELSS 96 Fund 160,094,741.00 26.26 18,263,532.00 3.00 (33,080,332.00) (7.70) 12,801,378.00 2.98Baroda Pioneer Growth Fund 816,155,714.00 25.13 94,808,045.00 2.92 (167,084,117.00) (6.99) 70,445,679.00 2.95Baroda Pioneer Balance Fund 375,017,231.00 26.14 40,577,686.00 2.83 (245,565,240.00) (4.76) 138,587,006.00 2.69Baroda Pioneer Large Cap Fund 49,597,592.00 27.26 5,584,488.00 3.07 (29,469,638.00) (15.13) 5,822,028.00 2.99Baroda Pioneer Mid-cap Fund 74,523,761.00 26.58 8,462,051.00 3.02 (55,721,584.00) (16.95) 9,776,463.00 2.97Baroda Pioneer Banking and Financial Services Fund 164,541,704.00 34.33 14,541,098.00 3.03 (55,249,974.00) (11.49) 14,433,226.00 3.00Baroda Pioneer Equity Trigger Fund-Series I 200,971,902.00 29.46 19,807,274.00 2.90 (24,202,579.00) (3.90) 18,494,741.00 2.98
14. Unclaimed Dividend / RedemptionThe details of unclaimed redemption and dividend amount and the number of investors to whom these amounts are payable are as detailed below:-Scheme Name Unclaimed Dividend Unclaimed Redemption
March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016Number of Amount Number of Amount Number of Amount Number of Amount
Investors (Rupees) Investors (Rupees) Investors (Rupees) Investors (Rupees)Baroda Pioneer ELSS 96 Fund 5,198 8,674,323 1,909 2,766,273 51 603,443 10 132,245Baroda Pioneer Growth Fund 11,052 16,032,464 245 604,040 144 1,525,618 39 619,524Baroda Pioneer Balance Fund 26 75,840 23 65,636 9 94,000 1 37,760Baroda Pioneer Large Cap Fund 6 20,630 - - 9 127,771 4 86,892Baroda Pioneer Mid-cap Fund - - - - 13 231,550 2 12,419Baroda Pioneer Banking and Financial Services Fund 1 4,591 - - 4 163,606 - -
Baroda Pioneer Mutual Fund has unidentified unclaimed dividend and redemption amounts of Rs. 2.60 Crores as of March 31, 2017. As represented by the management, these amount are not recorded in theschemes financial statements as it pertains to unidentified investors prior to March 31, 2008. Had this amount been identified, it would have been recorded as asset and liability in the respective schemes resultingin no impact in net asset value.
15. Investor Education and Awareness Initiatives
In view of the AMFI Best Practices Guidelines Circular No. 56/2015-16, the IEF accrual is set aside in a separate bank account and the consolidated balance across all schemes as on March 31, 2017 is Rs.13.10 lacs. The break-up of which is as under:
An annual charge of 2 basis points ( 0.02% p.a.) of daily net assets, being part of total recurring expenses is set aside for Investor Education and Awareness Initiatives (IEAI) in accordance with SEBI (MutualFunds) Regulations, 1996 and guidelines issued thereunder. These funds set aside are used only for meeting expenses for Investor Education and Awareness Initiatives. As per SEBI circular no. IMD/DF2/RS/813/2016 dated January 08, 2016, 50% of the unutilised portion of investor awareness and education fund as on March 31, 2016 has been transferred to AMFI. Also from April 1, 2016 onwards, 50% of the2 bps accrual on daily net assets set aside by mutual fund for investor education and awareness initiative has been transferred to AMFI.Movement of IEAI balances for Baroda Pioneer Mutual fund during thefinancial year ended 31 March, 2017 and 31 March, 2016 is given below:
Particulars FY 2016-17
Amount (Rupees in Lakhs)
Opening balance 13.10
Add : Accrual for the period April 1, 2016 to February 28, 2017 194.73
Add : Accrual for the period March 1, 2017 to March 31, 2017 16.87
Less : 50% of Opening balance and accrual till February, 17 transferred to AMFI 103.16
Less : utilization during the current year 103.63Closing balance 17.91
BARODA PIONEER MUTUAL FUND
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Schedules to the financial statements as at March 31, 2017 (Continued)Schedule - 9NOTES TO THE FINANCIAL STATEMENTS
15. Investor Education and Awareness Initiatives (Contd.,)Particulars FY 2015-16
Amount (Rupees in Lakhs)Opening balance 122.35Additions during the current year 185.91Less : utilisation during the current year 295.15Closing balance 13.10
16. Income TaxesNo 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.
17. Aggregate Fair Value of Non Traded / Thinly Traded InvestmentsThe 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 givenbelow:Scheme Name March 31, 2017 March 31, 2016
Market / Fair Value Market / Fair ValueBaroda Pioneer ELSS 96 Fund 35 1,005,083Baroda Pioneer Growth Fund 4,384 1,945,484Baroda Pioneer Balance Fund 229,341,400 1,027,398,695Baroda Pioneer Large Cap Fund 589,808 2,292,392Baroda Pioneer Mid-cap Fund 1,310,684 1,274,005Baroda Pioneer Banking and Financial Services Fund - -Baroda Pioneer Equity Trigger Fund-Series I - 3,438,180
18. Disclosure under SEBI Circular No Cir/ IMD/ DF/11/2010 dated August 18, 2010Pursuant to the above SEBI Circular, the disclosure for investments in derivative instruments has been done as per Annexure III.
19. The Statement of Portfolio Holding and industry wise classification of the schemes’ investments in each category of investment as on March 31, 2017 is given in Annexure IV.20. Details of large holding (over 25% of NAV of the schemes) are as under :
March 31, 2017 March 31, 2016Scheme Name Details of Large holiding (over
25% of Nav of the scheme)Details of Large holiding (over
25% of Nav of the scheme)No. of As a % of No. of As a % of
Investors Net Asset Value Investors Net Asset ValueBaroda Pioneer Balance Fund - - 1 47.47
21. Registered SecuritiesIn accordance with Regulation 44(1) of the Securities and Exchange board of India (Mutual Fund) Regulations, 1996, Securities purchased should be held in the name of scheme. Government Securities andTreasury bills Investments in following scheme are held in the name of Baroda Pioneer Mutual Fund. This is in accordance with the requirement of Reserve Bank of India to open the subsidiary general ledgeraccount, holding securities issued by the Government of India in the name of the fund and not in the name of Individual Scheme.Scheme Name March 31, 2017 March 31, 2016
Market / Fair Value Market / Fair ValueBaroda Pioneer Balance Fund 196,358,895 65,082,930
22. Previous Year’s FiguresPrevious period’s figures have been reclassified, wherever necessary, to conform with current year’s presentation.
For Price Waterhouse Chartered Accountants LLP For Baroda Pioneer Trustee Company Private Limited For Baroda Pioneer Asset Management Company LimitedFirm Registration Number - 012754N / N500016Chartered Accountants
Alpa Kedia R. L. Baxi Anthony Heredia Sanjay GroverPartner Chairman Director & CEO DirectorMembership No. 100681 DIN : 168751 DIN : 2205628 DIN : 7217384
S. K. Suvarna Kiran Deshpande Dipak AcharyaDirector COO & CFO Fund ManagerDIN : 3641694
Sanjay ChawlaCIO & Fund Manager
Place : MUMBAI Place : MUMBAI Place : MUMBAIDate : July 21, 2017 Date : July 21, 2017 Date : July 18, 2017
ANNUAL REPORT 2016 - 2017
21
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, 2017
company/subsidiary 31st March, 2017 (At Market / Fair Value)(Rupees in Lakhs) (Rupees in Lakhs)
Asian Paints Ltd. Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 1,483.12 -(Including Subsidiary Berger Baroda Pioneer Growth Fund 988.82 -Paints India Ltd.) Baroda Pioneer Large Cap Fund 79.83 -Bank of Baroda Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 695.12 -
Baroda Pioneer Banking and Financial Services Fund 329.03 147.01Baroda Pioneer Growth Fund 1,292.60 864.75Baroda Pioneer Monthly Income Plan (MIP) Fund 17.37 6.92Baroda Pioneer ELSS 96 Fund 78.73 -Baroda Pioneer Large Cap Fund 34.80 34.59Baroda Pioneer Mid-cap Fund 224.60 -
Cairn India Ltd. Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 461.83 -Baroda Pioneer Equity Trigger Fund-Series I 115.99 -Baroda Pioneer Growth Fund 181.63 -Baroda Pioneer Large Cap Fund 83.76 -
Dewan Housing Finance Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 1,219.80 199.22Corporation Ltd. Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Credit Opportunities Fund 3,902.06 3,918.39
Baroda Pioneer Dynamic Bond Fund 199.12 200.16Baroda Pioneer Income Fund 425.88 180.14Baroda Pioneer Liquid Fund 74,727.05 -Baroda Pioneer Short Term Bond Fund 2,488.79 2,500.62Baroda Pioneer Treasury Advantage Fund 14,079.31 14,194.74
HDFC Bank Ltd. Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 4,361.40 937.66(Including Subsidiary HDB Baroda Pioneer Banking and Financial Services Fund 1,184.04 865.53Financial Services Ltd.) Baroda Pioneer Credit Opportunities Fund 1,181.73 -
Baroda Pioneer Growth Fund 2,376.62 2,163.83Baroda Pioneer Liquid Fund 119,192.39 29,603.58Baroda Pioneer Short Term Bond Fund 1,181.73 -Baroda Pioneer Treasury Advantage Fund 12,920.47 -Baroda Pioneer Monthly Income Plan (MIP) Fund 25.09 11.54Baroda Pioneer ELSS 96 Fund 440.55 360.64Baroda Pioneer Large Cap Fund 111.99 129.83Baroda Pioneer Fixed Maturity Plan - Series J 30.08 -
Infosys Ltd. Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 3,719.24 -Baroda Pioneer Growth Fund 2,206.03 1,022.25Baroda Pioneer Monthly Income Plan (MIP) Fund 31.62 -Baroda Pioneer ELSS 96 Fund 436.70 204.45Baroda Pioneer Large Cap Fund 120.84 61.34
Interglobe Aviation Ltd. Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Balance Fund 83.93 -Baroda Pioneer Growth Fund 21.22 -Baroda Pioneer Monthly Income Plan (MIP) Fund 3.09 -Baroda Pioneer ELSS 96 Fund 3.47 -Baroda Pioneer Large Cap Fund 7.71 -
Punjab National Bank Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Liquid Fund 67,065.21 -(Including Subsidiary PNB Baroda Pioneer Balance Fund 16.19 -Housing Finance Ltd.) Baroda Pioneer Banking and Financial Services Fund 5.75 -
Baroda Pioneer Equity Trigger Fund-Series I 12.01 -Baroda Pioneer Growth Fund 33.95 -Baroda Pioneer Monthly Income Plan (MIP) Fund 7.32 -Baroda Pioneer ELSS 96 Fund 3.39 -Baroda Pioneer Large Cap Fund 1.93 -Baroda Pioneer Mid-cap Fund 3.14 -
Religare Finvest Ltd. Baroda Pioneer Liquid Fund Baroda Pioneer Liquid Fund 83,306.47 -(Including Subsidiary Religare Baroda Pioneer Treasury Advantage Fund 9,810.35 -Housing Development FinanceCorporation Ltd.)
The above investments comprise equity shares, debentures / bonds, commercial paper, certificate of deposits and other debt instruments including fixed deposits. Investments in debt instruments have been madeon account of their high credit quality and competitive yield while those in equity instruments have been made on acccount of attractive valuations.
ANNEXURE I
BARODA PIONEER MUTUAL FUND
22
ANNEXURE II1. Details of transactions with Associates in terms of regulation 25(8)
a) Brokerage paid to associates/related parties/group companies of Sponsor/AMCName 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 FundBOB Capital Markets Ltd. Associate Broker Apr-16 To Mar-17 118.89 2.41 0.14 3.92SBICAP Securities Ltd. Associate Broker Apr 16 To Nov 16* 47.97 1.38 0.06 2.45
* SBICAP Securities Ltd. was associate till November 2016.
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 FundBOB Capital Markets Ltd. Associate Broker Apr-15 To Mar-16 135.68 2.36 0.26 4.10SBICAP Securities Ltd Associate Broker Apr-15 To Mar-16 87.20 1.52 0.15 2.38
b) Commission paid to associates/related parties/group companies of sponsor/AMCName of associate/related parties/group Nature of association Yearlycompanies of Sponsor/AMC /Nature of relation April 01, 2016 to March 31, 2017
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 22,246,600,000 0.88 67,300,000 38.56
Name of associate/related parties/group Nature of association Yearlycompanies of Sponsor/AMC /Nature of relation April 01, 2015 to March 31, 2016
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 25,696,291,128 1.38 34,781,874 18.98
2. Interest on Borrowings & Bank chargesScheme Name of Associate Nature of Association Nature of Expenses 2016-17 2015-16Baroda Pioneer Liquid Fund Bank of Baroda Sponsor Interest on borrowing 131,507 7,911,119
Bank charges 23,363 21,645Baroda Pioneer Treasury Advantage Fund Bank of Baroda Sponsor Interest on borrowing 1,183,562 1,670,530
Bank charges 18,904 14,744Baroda Pioneer Credit Opportunities Fund Bank of Baroda Sponsor Bank charges 1,092 100.00Baroda Pioneer ELSS’96 Bank of Baroda Sponsor Bank charges 1,300 300.00Baroda Pioneer Growth Fund Bank of Baroda Sponsor Bank charges 1,578 300.00Baroda Pioneer Balance Fund Bank of Baroda Sponsor Bank charges 1,127 300.00Baroda Pioneer Short Term Bond Fund Bank of Baroda Sponsor Bank charges 700 -Baroda Pioneer Mid-cap Fund Bank of Baroda Sponsor Bank charges 100 -Baroda Pioneer Large Cap Fund Bank of Baroda Sponsor Bank charges 100 -
3. Related Party Disclosures (Schedule 8 - Refer Note 10 for Equity, Debt and Schedule 7 - Refer Note 10 for Fixed Maturity Plan)(A) RELATED PARTY TRANSACTIONS
The information in accordance with Accounting Standard 18 on ‘Related Party Disclosures’ issued by the Institute of Chartered Accountants of India and Regulation 25(8) of the SEBI Regulations, is provided below.Related party relationshipsName Description of relationshipBank of Baroda Sponsor of the FundPioneer Global Asset Management Sponsor of the FundBaroda Pioneer Trustee Company Private Limited Trustee of the FundBaroda Pioneer Asset Management Company Limited Asset Manager to the SchemeSchemes of the Fund under common controlBaroda Pioneer ELSS’96 FundBaroda Pioneer Growth FundBaroda Pioneer Balance FundBaroda Pioneer Large Cap FundBaroda Pioneer Mid-cap FundBaroda Pioneer Banking and Financial Services FundBaroda Pioneer Equity Trigger Fund-Series IBaroda Pioneer MIP FundBaroda Pioneer Gilt FundBaroda Pioneer Income FundBaroda Pioneer Liquid FundBaroda Pioneer Treasury Advantage FundBaroda Pioneer Short Term Bond FundBaroda Pioneer Dynamic Bond FundBaroda Pioneer Credit Opportunities FundBaroda Pioneer Hybrid Fund - Series IBaroda Pioneer Fixed Maturity Plan - Series EBaroda Pioneer Fixed Maturity Plan - Series JBaroda Pioneer Fixed Maturity Plan - Series MBaroda Pioneer Fixed Maturity Plan - Series N
ANNUAL REPORT 2016 - 2017
23
ANNEXURE II (Contd.)3. Related Party Disclosures (Schedule 8 - Refer Note 10 for Equity, Debt and Schedule 7 - Refer Note 10 for Fixed Maturity Plan) (Contd.)
(A) RELATED PARTY TRANSACTIONS (Contd.)
Key Management PersonnelAMCMr. Anthony Heredia Associate Director & Chief Executive OfficerMr. Kiran DeshpandeMs. Farhana Mansoor
Chief Operating Officer and Chief Financial Officer Head - Compliance and Company Secretary
(B) The Schemes have entered into transactions with related parties which are required to be disclosed in accordance with Accounting Standard - 18 ‘Related Party Disclosures’(i) Transactions during the Year
Transaction between the Schemes under Common Control of SponsorSelling Scheme Buying Scheme Amount (Rs.)Baroda Pioneer Balance Fund Baroda Pioneer Credit Opportunities Fund 212,978,927Baroda Pioneer Balance Fund Baroda Pioneer Fixed Maturity Plan - Series M 27,026,361Baroda Pioneer Balance Fund Baroda Pioneer Fixed Maturity Plan - Series N 10,010,020Baroda Pioneer Balance Fund Baroda Pioneer Liquid Fund 497,535,880Baroda Pioneer Balance Fund Baroda Pioneer Monthly Income Plan (MIP) Fund 5,168,193Baroda Pioneer Balance Fund Baroda Pioneer Short Term Bond Fund 1,953,944Baroda Pioneer Balance Fund Baroda Pioneer Treasury Advantage Fund 380,923,151Baroda Pioneer Credit Opportunities Fund Baroda Pioneer Balance Fund 242,339,762Baroda Pioneer Credit Opportunities Fund Baroda Pioneer Liquid Fund 326,284,230Baroda Pioneer Credit Opportunities Fund Baroda Pioneer Monthly Income Plan (MIP) Fund 15,022,575Baroda Pioneer Credit Opportunities Fund Baroda Pioneer Short Term Bond Fund 741,035,250Baroda Pioneer Credit Opportunities Fund Baroda Pioneer Treasury Advantage Fund 2,786,299,243Baroda Pioneer Dynamic Bond Fund Baroda Pioneer Balance Fund 30,981,915Baroda Pioneer Dynamic Bond Fund Baroda Pioneer Credit Opportunities Fund 21,166,719Baroda Pioneer Dynamic Bond Fund Baroda Pioneer Gilt Fund 10,125,635Baroda Pioneer Dynamic Bond Fund Baroda Pioneer Monthly Income Plan (MIP) Fund 14,930,829Baroda Pioneer Dynamic Bond Fund Baroda Pioneer Short Term Bond Fund 19,057,140Baroda Pioneer Dynamic Bond Fund Baroda Pioneer Treasury Advantage Fund 49,094,700Baroda Pioneer Fixed Maturity Plan - Series M Baroda Pioneer Dynamic Bond Fund 2,505,380Baroda Pioneer Fixed Maturity Plan - Series M Baroda Pioneer Treasury Advantage Fund 12,107,080Baroda Pioneer Gilt Fund Baroda Pioneer Balance Fund 24,179,897Baroda Pioneer Gilt Fund Baroda Pioneer Dynamic Bond Fund 997,300Baroda Pioneer Gilt Fund Baroda Pioneer Monthly Income Plan (MIP) Fund 7,243,218Baroda Pioneer Hybrid Fund - Series I Baroda Pioneer Treasury Advantage Fund 1,004,580Baroda Pioneer Income Fund Baroda Pioneer Balance Fund 31,089,651Baroda Pioneer Income Fund Baroda Pioneer Credit Opportunities Fund 5,980,041Baroda Pioneer Income Fund Baroda Pioneer Monthly Income Plan (MIP) Fund 2,024,083Baroda Pioneer Income Fund Baroda Pioneer Short Term Bond Fund 46,912,163Baroda Pioneer Income Fund Baroda Pioneer Treasury Advantage Fund 76,360,576Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 95,666,688Baroda Pioneer Liquid Fund Baroda Pioneer Credit Opportunities Fund 1,231,451,820Baroda Pioneer Liquid Fund Baroda Pioneer Short Term Bond Fund 1,449,553,068Baroda Pioneer Liquid Fund Baroda Pioneer Treasury Advantage Fund 6,096,557,254Baroda Pioneer Monthly Income Plan (MIP) Fund Baroda Pioneer Balance Fund 9,089,406Baroda Pioneer Monthly Income Plan (MIP) Fund Baroda Pioneer Credit Opportunities Fund 22,066,155Baroda Pioneer Monthly Income Plan (MIP) Fund Baroda Pioneer Short Term Bond Fund 13,232,687Baroda Pioneer Monthly Income Plan (MIP) Fund Baroda Pioneer Treasury Advantage Fund 26,907,889Baroda Pioneer Short Term Bond Fund Baroda Pioneer Credit Opportunities Fund 231,673,950Baroda Pioneer Short Term Bond Fund Baroda Pioneer Liquid Fund 782,692,066Baroda Pioneer Short Term Bond Fund Baroda Pioneer Treasury Advantage Fund 1,353,781,870Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Balance Fund 115,596,470Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Credit Opportunities Fund 1,203,429,665Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Dynamic Bond Fund 18,077,850Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Fixed Maturity Plan - Series N 26,138,632Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Hybrid Fund - Series I 13,074,256Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Income Fund 22,095,150Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Liquid Fund 11,489,027,900Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Short Term Bond Fund 1,605,137,600
BARODA PIONEER MUTUAL FUND
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ANNEXURE II (Contd.)3. Related Party Disclosures (Schedule 8 - Refer Note 10 for Equity, Debt and Schedule 7 - Refer Note 10 for Fixed Maturity Plan) (Contd.)
(B) The Schemes have entered into transactions with related parties which are required to be disclosed in accordance with Accounting Standard - 18 ‘Related Party Disclosures’ (Contd.)
(ii) (a) Investment in schemes under common control of sponsorScheme Particulars of investment Purchase (Rs) Sell (Rs)Baroda Pioneer Credit Opportunities Fund Baroda Pioneer Liquid Fund - Plan B (Direct) - Growth Option 1,690,000,000 1,491,532,186Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Liquid Fund - Plan B (Direct) - Growth Option 113,000,000,000 113,032,648,990
(b) By Key Management PersonnelKey Management Scheme Name Value of Subscription of Dividend (including Redemption of Value of the unitsPersonnel Units (including switch in and dividend reinvested) Units (including outstanding As at
dividend reinvestment) (Rs.) (Rs.) switch out) (Rs.) March 31, 2017 (Rs)Anthony Heredia Baroda Pioneer Dynamic Bond Fund 4,000,000 - - 4,394,582Anthony Heredia Baroda Pioneer Liquid Fund 13,472,681 1,472,681 4,000,000 39,500,377Kiran Deshpande Baroda Pioneer Credit Opportunities Fund 1,100,000 - - 1,237,980Kiran Deshpande Baroda Pioneer Growth Fund - - 646,197 -Kiran Deshpande Baroda Pioneer Large Cap Fund 300,000 - - 316,773Kiran Deshpande Baroda Pioneer Mid-cap Fund 200,000 - - 212,240Kiran Deshpande Baroda Pioneer Treasury Advantage Fund 180,000 - - 1,187,718Kiran Deshpande Baroda Pioneer Equity Trigger Fund-Series I - - - 161,500Farhana Mansoor Baroda Pioneer Equity Trigger Fund-Series I - - - 103,360Farhana Mansoor Baroda Pioneer Liquid Fund - - - 6,379
(c) By Investment ManagerInvestment Manager Scheme Name Value of Subscription of Dividend (including Redemption of Value of the units
Units (including switch in and dividend reinvested) Units (including outstanding As atdividend reinvestment) (Rs.) (Rs.) switch out) (Rs.) March 31, 2017 (Rs)
Baroda Pioneer Asset Baroda Pioneer Liquid Fund 2,792,600,000 - 2,796,574,751 254,308,037Management Company LtdBaroda Pioneer Asset Baroda Pioneer ELSS 96 - - - 3,278,045Management Company LtdBaroda Pioneer Asset Baroda Pioneer Balance Fund - - - 2,486,018Management Company LtdBaroda Pioneer Asset Baroda Pioneer Banking - - - 4,328,344Management Company Ltd And Financial Services FundBaroda Pioneer Asset Baroda Pioneer Credit - - - 4,245,450Management Company Ltd Opportunities FundBaroda Pioneer Asset Baroda Pioneer Dynamic Bond Fund - - - 6,058,931Management Company LtdBaroda Pioneer Asset Baroda Pioneer Gilt Fund - - - 4,711,752Management Company LtdBaroda Pioneer Asset Baroda Pioneer Growth Fund - - - 5,888,917Management Company LtdBaroda Pioneer Asset Baroda Pioneer Income Fund - - - 8,265,867Management Company LtdBaroda Pioneer Asset Baroda Pioneer Large Cap Fund - - - 2,598,114Management Company Ltd (Infra Fund till 30.9.2016)Baroda Pioneer Asset Baroda Pioneer Monthly Income - - - 754,378Management Company Ltd Plan (MIP) FundBaroda Pioneer Asset Baroda Pioneer Mid-Cap Fund - - - 5,191,617Management Company Ltd (PSU Equity till 30.9.2016)Baroda Pioneer Asset Baroda Pioneer Short Term Bond Fund - - - 2,553,423Management Company LtdBaroda Pioneer Asset Baroda Pioneer Treasury Advantage Fund - - - 6,020,389Management Company Ltd
(d) By Sponsor of Investment Manager and TrusteeSponsor of Investment Scheme Name Value of Subscription of Dividend (including Redemption of Value of the unitsManager and Trustee Units (including switch in and dividend reinvested) Units (including outstanding As at
dividend reinvestment) (Rs.) (Rs.) switch out) (Rs.) March 31, 2017 (Rs)Bank of Baroda Baroda Pioneer Equity Trigger Fund-Series I - - - 64,600,000
Baroda Pioneer Growth Fund - 27,454,027 - 172,494,172Baroda Pioneer Liquid Fund 20,000,000,000 - 20,270,286,116 -Baroda Pioneer Monthly Income - - - 33,820,886Plan (MIP) FundPioneer Global Asset Management NIL
ANNUAL REPORT 2016 - 2017
25
ANNEXURE II (Contd.)3. Related Party Disclosures (Schedule 8 - Refer Note 10 for Equity, Debt and Schedule 7 - Refer Note 10 for Fixed Maturity Plan) (Contd.)
(B) The Schemes have entered into transactions with related parties which are required to be disclosed in accordance with Accounting Standard - 18 ‘Related Party Disclosures’ (Contd.)(iii) Investment Management Fees and Trustee fees
(a) Accrued during the yearScheme Management Fees Trustee Fees
(Rs.) (Rs.)Baroda Pioneer ELSS 96 Fund 11,608,606 16,441Baroda Pioneer Growth Fund 62,503,742 87,497Baroda Pioneer Balance Fund 18,117,578 38,810Baroda Pioneer Monthly Income Plan (MIP) Fund 2,679,086 6,357Baroda Pioneer Gilt Fund 5,044,552 13,832Baroda Pioneer Income Fund 3,947,883 6,892Baroda Pioneer Liquid Fund 122,563,866 1,409,287Baroda Pioneer Treasury Advantage Fund 79,611,059 578,607Baroda Pioneer Large Cap Fund 3,828,468 4,964Baroda Pioneer Short Term Bond Fund 11,218,682 73,749Baroda Pioneer Mid-cap Fund 5,740,144 7,651Baroda Pioneer Banking and Financial Services Fund 9,537,128 13,173Baroda Pioneer Dynamic Bond Fund 1,681,783 7,706Baroda Pioneer Fixed Maturity Plan - Series E 1,404,848 3,746Baroda Pioneer Fixed Maturity Plan - Series J 5,266,767 15,278Baroda Pioneer Fixed Maturity Plan - Series M 3,870,632 16,594Baroda Pioneer Equity Trigger Fund-Series I 11,599,493 18,698Baroda Pioneer Fixed Maturity Plan - Series N 2,340,246 8,524Baroda Pioneer Credit Opportunities Fund 17,398,949 78,165Baroda Pioneer Hybrid Fund - Series I 5,565,832 8,029
(b) Outstanding at the end of the yearScheme Management Fees Trustee Fees
(Rs.) (Rs.)Baroda Pioneer ELSS’96 Fund 142,687 863Baroda Pioneer Growth Fund 1,847,577 4,291Baroda Pioneer Balance Fund 165,299 2,342Baroda Pioneer Monthly Income Plan (MIP) Fund 81,778 174Baroda Pioneer Gilt Fund 36,017 472Baroda Pioneer Income Fund 173,646 248Baroda Pioneer Liquid Fund 4,581,555 28,018Baroda Pioneer Treasury Advantage Fund 2,649,089 15,329Baroda Pioneer Large Cap Fund 264,127 236Baroda Pioneer Short Term Bond Fund 1,832,977 2,944Baroda Pioneer Mid-cap Fund 475,508 325Baroda Pioneer Banking and Financial Services Fund 179,124 409Baroda Pioneer Dynamic Bond Fund 144,554 255Baroda Pioneer Fixed Maturity Plan - Series E 60,992 -Baroda Pioneer Fixed Maturity Plan - Series J 1,549,371 141Baroda Pioneer Fixed Maturity Plan - Series M 291,134 618Baroda Pioneer Equity Trigger Fund-Series I 782,508 771Baroda Pioneer Fixed Maturity Plan - Series N 582,589 317Baroda Pioneer Credit Opportunities Fund 467,907 5,086Baroda Pioneer Hybrid Fund - Series I 389,880 302
(iv) Reimbursement of Expenses (Net) to the Schemes : NIL(v) Transactions with Associate Companies
Associate Company Scheme Name Purchase (Rs) Sell (Rs) Market Value (Rs)Bank of Baroda Baroda Pioneer Growth Fund 86,754,500 - 86,754,500Bank of Baroda Baroda Pioneer Monthly Income Plan (MIP) Fund 690,370 - 690,370Bank of Baroda Baroda Pioneer Large Cap Fund 3,487,280 - 3,487,280Bank of Baroda Baroda Pioneer Mid-cap Fund 6,545,600 6,809,200 13,354,800Bank of Baroda Baroda Pioneer Banking and Financial Services Fund 17,419,850 3,292,800 20,712,650
(vi) Transactions where Associate Company is counterpartyAssociate Company Scheme Name Purchase (Rs) Sell (Rs) Market Value (Rs)BOB Capital Markets Ltd. Baroda Pioneer ELSS’96 Fund 49,095,245 54,583,973 103,679,218BOB Capital Markets Ltd. Baroda Pioneer Growth Fund 207,772,173 219,033,890 426,806,064BOB Capital Markets Ltd. Baroda Pioneer Balance Fund 139,653,850 90,733,215 230,387,065BOB Capital Markets Ltd. Baroda Pioneer Monthly Income Plan (MIP) Fund 2,332,535 5,286,520 7,619,055BOB Capital Markets Ltd. Baroda Pioneer Large Cap Fund 13,900,650 17,074,255 30,974,905BOB Capital Markets Ltd. Baroda Pioneer Mid-cap Fund 33,297,995 24,045,120 57,343,115BOB Capital Markets Ltd. Baroda Pioneer Banking and Financial Services Fund 17,252,640 42,108,980 59,361,620BOB Capital Markets Ltd. Baroda Pioneer Equity Trigger Fund-Series I 39,354,963 59,398,300 98,753,263SBICAP Securities Ltd. Baroda Pioneer ELSS 96 Fund 30,334,060 17,956,500 48,290,560SBICAP Securities Ltd. Baroda Pioneer Growth Fund 155,416,951 176,833,975 332,250,926SBICAP Securities Ltd. Baroda Pioneer Balance Fund 80,581,020 22,412,000 102,993,020SBICAP Securities Ltd. Baroda Pioneer Large Cap Fund 7,964,680 11,007,140 18,971,820SBICAP Securities Ltd. Baroda Pioneer Mid-cap Fund 17,473,773 10,464,360 27,938,133SBICAP Securities Ltd. Baroda Pioneer Banking and Financial Services Fund 30,099,840 22,232,300 52,332,140SBICAP Securities Ltd. Baroda Pioneer Equity Trigger Fund-Series I 19,366,937 11,225,100 30,592,037
BARODA PIONEER MUTUAL FUND
26
ANNEXURE III
Disclosure for investments in derivative instruments
Hedging Positions through Futures as on March 31, 2017 : Nil
For the period April 01, 2016 to March 31, 2017, following hedging transactions through futures have been squared off/expired :
Scheme Total Number of Total Number Total Number of Gross Notional Gross Notional Gross Notional Net Profit/Losscontracts where of contracts contracts where Value of contracts Value of contracts Value of contracts value on all
futures were Sold where futures futures were sold where futures where futures where futures contracts(opening balance) were bought were Sold (opening balance) were bought were sold combined
Baroda Pioneer Growth Fund - 374 374 - 234,264,850 232,416,791 (1,848,058)
Baroda Pioneer Balance Fund - 87 87 - 57,424,356 56,550,012 (874,344)
Baroda Pioneer Banking and Financial Services Fund - 20 20 - 12,791,520 13,145,280 353,760
Baroda Pioneer Large Cap Fund $ - 8 8 - 4,810,680 4,637,744 (172,936)
Other than Hedging Positions through Futures as on March 31, 2017 : Nil
For the period April 01, 2016 to March 31, 2017, following non-hedging transactions through futures have been squared off/expired :
Scheme Total Number of Total Number Total Number of Gross Notional Gross Notional Gross Notional Net Profit/Losscontracts where of contracts contracts where Value of contracts Value of contracts Value of contracts value on all
futures were Sold where futures futures were sold where futures where futures where futures contracts(opening balance) were bought were Sold (opening balance) were bought were sold combined
Baroda Pioneer Growth Fund - 450 450 - 264,361,991 269,986,005 5,624,014
Baroda Pioneer Balance Fund - 149 149 - 94,333,951 96,878,450 2,544,499
Baroda Pioneer Large Cap Fund $ - 15 15 - 8,016,730 8,206,375 189,645
Baroda Pioneer Equity Trigger Fund-Series I - 25 25 - 17,768,590 18,288,820 520,230
Baroda Pioneer Banking and Financial Services Fund - 87 87 - 62,248,016 61,804,285 (443,731)
Hedging Position through Put Option as on March 31, 2017 : Nil
For the period April 01, 2016 to March 31, 2017, hedging transactions through options which have been squared off/expired : Nil
Other than Hedging Positions through Options as on March 31, 2017
Scheme Underlying Call / Put Number of Option Price when Current OptionContracts purchased (Rs. Per unit) Price (Rs. Per unit)
Baroda Pioneer Hybrid Fund - Series I NIFTY Call 333 2,060.00 1,036.15
Total exposure through options as a % of net assets 8.50%
For the period April 01, 2016 to March 31, 2017, non-hedging transactions through options have been squared off/expired : Nil.
Previous Year
Hedging Positions through Futures as on March 31, 2016 : Nil.
For the period April 01, 2015 to March 31, 2016, following hedging transactions through futures have been squared off/expired : Nil.
Other than Hedging Positions through Futures as on March 31, 2016 : Nil.
For the period April 01, 2015 to March 31, 2016, following non-hedging transactions through futures have been squared off/expired :Nil.
Hedging Position through Put Option as on March 31, 2016 : Nil.
For the period April 01, 2015 to March 31, 2016, hedging transactions through options which have been squared off/expired : Nil.
Other than Hedging Positions through Options as on March 31, 2016
Scheme Underlying Call / Put Number of Option Price when Current OptionContracts purchased (Rs. Per unit) Price (Rs. Per unit)
Baroda Pioneer Hybrid Fund - Series I NIFTY Call 333 2,060.00 996.50
Total exposure through options as a % of net assets 8.76%
For the period April 01, 2015 to March 31, 2016, non-hedging transactions through options have been squared off/expired : Nil
Note : In case of derivative transactions end of the day position on the date of such transaction is considered as the basis to assess the nature of transaction as hedge / non-hedge.
ANNUAL REPORT 2016 - 2017
27
Industry and Company Quantity Amount Percentage to Percentage toParticulars (in Rs.) Net Assets Investment
CatagoryEQUITY SHARESListed / Awaiting listingon Stock Exchanges
Auto 45,300 64,112,000 7.27% 100.00%
Maruti Suzuki India Ltd. 5,000 30,078,500 3.41% 46.92%
Mahindra & Mahindra Ltd. 15,000 19,303,500 2.19% 30.11%
Eicher Motors Ltd. 300 7,676,250 0.87% 11.97%
Tata Motors Ltd. 25,000 7,053,750 0.80% 11.00%
Auto Ancillaries 91,261 25,779,966 2.92% 100.00%
Motherson Sumi Systems Ltd. 41,261 15,344,966 1.74% 59.52%
Apollo Tyres Ltd. 50,000 10,435,000 1.18% 40.48%
Banks 965,000 183,904,250 20.83% 100.00%
HDFC Bank Ltd. 25,000 36,063,750 4.09% 19.61%
State Bank of India 90,000 26,406,000 2.99% 14.36%
The Federal Bank Ltd. 225,000 20,576,250 2.33% 11.19%
Axis Bank Ltd. 40,000 19,632,000 2.22% 10.68%
Union Bank of India 120,000 18,708,000 2.12% 10.17%
IDFC Bank Ltd. 310,000 18,383,000 2.08% 10.00%
RBL Bank Ltd. 35,000 17,309,250 1.96% 9.41%
ICICI Bank Ltd. 60,000 16,611,000 1.88% 9.03%
DCB Bank Ltd. 60,000 10,215,000 1.16% 5.55%
Cement 20,000 13,453,000 1.52% 100.00%
The Ramco Cements Ltd. 20,000 13,453,000 1.52% 100.00%
Chemicals 22,500 15,730,875 1.78% 100.00%
Pidilite Industries Ltd. 22,500 15,730,875 1.78% 100.00%
Construction Project 172,500 40,718,750 4.61% 100.00%
Engineers India Ltd. 100,000 14,395,000 1.63% 35.35%
Larsen & Toubro Ltd. 7,500 11,811,750 1.34% 29.01%
Sadbhav Engineering Ltd. 25,000 7,630,000 0.86% 18.74%
NBCC (India) Ltd. 40,000 6,882,000 0.78% 16.90%
Consumer Durables 149,164 51,871,029 5.88% 100.00%
Blue Star Ltd. 22,164 15,346,354 1.74% 29.59%
Bajaj Electricals Ltd. 35,000 10,956,750 1.24% 21.12%
HPL Electric & Power Ltd. 80,000 9,524,000 1.08% 18.36%
Whirlpool of India Ltd. 7,500 9,162,750 1.04% 17.66%
Symphony Ltd. 4,500 6,881,175 0.78% 13.27%
Consumer Non Durables 309,000 74,037,500 8.39% 100.00%
ITC Ltd. 120,000 33,636,000 3.81% 45.43%
Radico Khaitan Ltd. 135,000 18,603,000 2.11% 25.13%
Britannia Industries Ltd. 4,000 13,496,000 1.53% 18.23%
Mcleod Russel India Ltd. 50,000 8,302,500 0.94% 11.21%
Finance 252,500 112,618,550 12.77% 100.00%
Shriram City Union Finance Ltd. 11,500 27,136,550 3.07% 24.10%
Rural Electrification Corporation Ltd. 135,000 24,435,000 2.77% 21.70%
Max Financial Services Ltd. 35,000 20,193,250 2.29% 17.93%
Multi Commodity Exchange of 15,000 18,075,750 2.05% 16.05%India Ltd.
Mahindra & Mahindra Financial 45,000 14,170,500 1.61% 12.58%Services Ltd.
Capital First Ltd. 11,000 8,607,500 0.98% 7.64%
ANNEXURE IV:SUPPLEMENTARY INVESTMENT PORTFOLIO INFORMATION AND INDUSTRYWISE CLASSIFICATION OF BARODA PIONEER ELSS’96 FUND
Details of investment portfolio and industrywise classification of the Scheme's investments in each category of investments as at March 31, 2017 are presented below. The industry and company exposuresare stated as a percentage of scheme's net assets as at March 31, 2017 as well as the aggregate investments in each investment category.
Industry and Company Quantity Amount Percentage to Percentage toParticulars (in Rs.) Net Assets Investment
CatagoryEQUITY SHARESListed / Awaiting listingon Stock Exchanges
Gas 80,000 31,466,000 3.56% 100.00%
Petronet LNG Ltd. 50,000 20,157,500 2.28% 64.06%
GAIL (India) Ltd. 30,000 11,308,500 1.28% 35.94%
Industrial Products 170,000 44,890,750 5.09% 100.00%
AIA Engineering Ltd. 15,000 23,817,750 2.70% 53.06%
Sintex Industries Ltd. 150,000 15,862,500 1.80% 35.34%
Bharat Forge Ltd. 5,000 5,210,500 0.59% 11.60%
IT Enabled Services 1,000 10 0.00% 100.00%
Transtream India.Com Ltd. ** 1,000 10 0.00% 100.00%
Media & Entertainment 25,000 19,766,250 2.24% 100.00%
Sun TV Network Ltd. 25,000 19,766,250 2.24% 100.00%
Non - Ferrous Metals 130,000 28,552,500 3.24% 100.00%
Hindalco Industries Ltd. 90,000 17,554,500 1.99% 61.48%
Vedanta Ltd. 40,000 10,998,000 1.25% 38.52%
Petroleum Products 75,000 31,107,750 3.52% 100.00%
Indian Oil Corporation Ltd. 60,000 23,223,000 2.63% 74.65%
Hindustan Petroleum Corporation Ltd. 15,000 7,884,750 0.89% 25.35%
Pharmaceuticals 34,000 22,496,900 2.55% 100.00%
Sun Pharmaceutical Industries Ltd. 20,000 13,763,000 1.56% 61.18%
IPCA Laboratories Ltd. 14,000 8,733,900 0.99% 38.82%
Software 102,500 71,723,025 8.13% 100.00%
HCL Technologies Ltd. 35,000 30,616,250 3.47% 42.69%
Tech Mahindra Ltd. 45,000 20,661,750 2.34% 28.81%
Infosys Ltd. 20,000 20,445,000 2.32% 28.50%
DSQ Software Ltd. ** 2,500 25 0.00% 0.00%
TOTAL 832,229,105 94.30% 100.00%
COLLATERALISED LENDING (CBLO) 18,125,560 2.05% 100.00%
NET CURRENT ASSETS / 32,269,812 3.65% 100.00%(LIABILITIES)
NET ASSETS 882,624,477 100.00%
** Thinly traded/Non traded securities as defined in SEBI Regulations.
BARODA PIONEER MUTUAL FUND
28
Industry and Company Quantity Amount Percentage to Percentage toParticulars (in Rs.) Net Assets Investment
CatagoryEQUITY SHARESListed / Awaiting listing onStock ExchangesAuto 347,500 365,457,450 8.44% 100.00%Maruti Suzuki India Ltd. 26,000 156,408,200 3.61% 42.80%Mahindra & Mahindra Ltd. 80,000 102,952,000 2.38% 28.17%Tata Motors Ltd. 240,000 67,716,000 1.56% 18.53%Eicher Motors Ltd. 1,500 38,381,250 0.89% 10.50%Auto Ancillaries 220,000 81,818,000 1.89% 100.00%Motherson Sumi Systems Ltd. 220,000 81,818,000 1.89% 100.00%Banks 4,170,000 1,083,935,000 25.02% 100.00%HDFC Bank Ltd. 150,000 216,382,500 4.99% 19.96%RBL Bank Ltd. 275,000 136,001,250 3.14% 12.55%State Bank of India 450,000 132,030,000 3.05% 12.18%The Federal Bank Ltd. 1,300,000 118,885,000 2.74% 10.97%Axis Bank Ltd. 205,000 100,614,000 2.32% 9.28%Union Bank of India 575,000 89,642,500 2.07% 8.27%Bank of Baroda 500,000 86,475,000 2.00% 7.98%ICICI Bank Ltd. 300,000 83,055,000 1.92% 7.66%DCB Bank Ltd. 375,000 63,843,750 1.47% 5.89%IndusInd Bank Ltd. 40,000 57,006,000 1.32% 5.26%Cement 130,000 87,444,500 2.02% 100.00%The Ramco Cements Ltd. 130,000 87,444,500 2.02% 100.00%Chemicals 105,000 73,410,750 1.69% 100.00%Pidilite Industries Ltd. 105,000 73,410,750 1.69% 100.00%Construction Project 955,455 241,412,866 5.58% 100.00%Engineers India Ltd. 550,000 79,172,500 1.83% 32.80%Larsen & Toubro Ltd. 45,000 70,870,500 1.64% 29.36%Sadbhav Engineering Ltd. 220,455 67,282,866 1.55% 27.87%NBCC (India) Ltd. 140,000 24,087,000 0.56% 9.97%Consumer Durables 416,398 185,775,225 4.29% 100.00%Blue Star Ltd. 141,398 97,903,975 2.26% 52.70%Whirlpool of India Ltd. 50,000 61,085,000 1.41% 32.88%HPL Electric & Power Ltd. 225,000 26,786,250 0.62% 14.42%Consumer Non Durables 610,000 263,794,000 6.09% 100.00%ITC Ltd. 580,000 162,574,000 3.75% 61.63%Britannia Industries Ltd. 30,000 101,220,000 2.34% 38.37%Diversified Chemicals 149,000 1,490 0.00% 100.00%Amex Carb&Chem Ltd. ** 149,000 1,490 0.00% 100.00%Environmental Services 6,650 66 0.00% 100.00%Western Paques (India) Ltd. ** 6,650 66 0.00% 100.00%Ferrous Metals 200,000 37,640,000 0.87% 100.00%JSW Steel Ltd. 200,000 37,640,000 0.87% 100.00%Finance 805,500 419,296,725 9.67% 100.00%Shriram City Union Finance Ltd. 38,000 89,668,600 2.07% 21.39%Multi Commodity Exchangeof India Ltd. 72,500 87,366,125 2.02% 20.84%Mahindra & Mahindra FinancialServices Ltd. 275,000 86,597,500 2.00% 20.65%Max Financial Services Ltd. 110,000 63,464,500 1.46% 15.14%Capital First Ltd. 60,000 46,950,000 1.08% 11.20%Rural Electrification Corporation Ltd. 250,000 45,250,000 1.04% 10.78%
ANNEXURE IV: (Contd.,)SUPPLEMENTARY INVESTMENT PORTFOLIO INFORMATION AND INDUSTRYWISE CLASSIFICATION OFBARODA PIONEER GROWTH FUND
Details of investment portfolio and industrywise classification of the Scheme's investments in each category of investments as at March 31, 2017 are presented below. The industry and company exposuresare stated as a percentage of scheme's net assets as at March 31, 2017 as well as the aggregate investments in each investment category.
Industry and Company Quantity Amount Percentage to Percentage toParticulars (in Rs.) Net Assets Investment
CatagoryEQUITY SHARESListed / Awaiting listing onStock ExchangesGas 576,666 250,754,249 5.79% 100.00%Petronet LNG Ltd. 300,000 120,945,000 2.79% 48.23%GAIL (India) Ltd. 236,666 89,211,249 2.06% 35.58%Indraprastha Gas Ltd. 40,000 40,598,000 0.94% 16.19%Health Care Facilities 25,000 250 0.00% 100.00%Soni Medicare Ltd. ** 25,000 250 0.00% 100.00%Healthcare Services 200,000 45,890,000 1.06% 100.00%Healthcare Global Enterprises Ltd. 200,000 45,890,000 1.06% 100.00%Industrial Capital Goods 204,954 185,542,408 4.28% 100.00%Bharat Forge Ltd. 75,000 78,157,500 1.80% 42.12%Cummins India Ltd. 50,000 47,472,500 1.10% 25.59%Astral Poly Technik Ltd. 75,954 41,596,208 0.96% 22.42%FAG Bearings India Ltd. 4,000 18,316,200 0.42% 9.87%Media & Entertainment 125,000 98,831,250 2.28% 100.00%Sun TV Network Ltd. 125,000 98,831,250 2.28% 100.00%Non - Ferrous Metals 700,000 156,510,000 3.62% 100.00%Hindalco Industries Ltd. 450,000 87,772,500 2.03% 56.08%Vedanta Ltd. 250,000 68,737,500 1.59% 43.92%Petroleum Products 375,000 155,538,750 3.59% 100.00%Indian Oil Corporation Ltd. 300,000 116,115,000 2.68% 74.65%Hindustan Petroleum Corporation Ltd. 75,000 39,423,750 0.91% 25.35%Pharmaceuticals 150,000 103,222,500 2.38% 100.00%Sun Pharmaceutical Industries Ltd. 150,000 103,222,500 2.38% 100.00%Retailing 235,000 2,350 0.00% 100.00%Kanal Fibres Ltd. ** 200,000 2,000 0.00% 85.11%Accord Cotsyn Ltd. ** 25,000 250 0.00% 10.64%Royal Indutries Ltd. ** 10,000 100 0.00% 4.25%Software 518,000 369,440,580 8.52% 100.00%HCL Technologies Ltd. 190,000 166,202,500 3.83% 44.99%Infosys Ltd. 100,000 102,225,000 2.36% 27.67%Tech Mahindra Ltd. 220,000 101,013,000 2.33% 27.34%DSQ Software Ltd. ** 8,000 80 0.00% 0.00%Textiles - Synthetic 14,750 148 0.00% 100.00%SIV Industries Ltd. ** 14,750 148 0.00% 100.00%TOTAL 4,205,718,557 97.08% 100.00%DEPOSITS 9,800,000 0.23% 100.00%COLLATERALISED LENDING (CBLO) 121,306,761 2.80% 100.00%NET CURRENT ASSETS /(LIABILITIES) (2,818,596) (0.11)% 100.00%NET ASSETS 4,334,006,721 100.00%** Thinly traded/Non traded securities as defined in SEBI Regulations.
ANNUAL REPORT 2016 - 2017
29
Industry and Company Quantity Amount Percentage to Percentage toParticulars (in Rs.) Net Assets Investment
CatagoryEQUITY SHARESListed / Awaiting listing onStock ExchangesAuto 101,250 154,475,625 6.47% 100.00%Maruti Suzuki India Ltd. 12,500 75,196,250 3.15% 48.68%Eicher Motors Ltd. 1,250 31,984,375 1.34% 20.71%Mahindra & Mahindra Ltd. 22,500 28,955,250 1.21% 18.74%Tata Motors Ltd. 65,000 18,339,750 0.77% 11.87%Auto Ancillaries 47,061 17,501,986 0.73% 100.00%Motherson Sumi Systems Ltd. 47,061 17,501,986 0.73% 100.00%Banks 1,900,000 385,451,000 16.14% 100.00%HDFC Bank Ltd. 65,000 93,765,750 3.93% 24.33%Axis Bank Ltd. 100,000 49,080,000 2.05% 12.73%Union Bank of India 280,000 43,652,000 1.83% 11.32%State Bank of India 130,000 38,142,000 1.60% 9.90%The Federal Bank Ltd. 400,000 36,580,000 1.53% 9.49%IDFC Bank Ltd. 500,000 29,650,000 1.24% 7.69%ICICI Bank Ltd. 100,000 27,685,000 1.16% 7.18%RBL Bank Ltd. 50,000 24,727,500 1.04% 6.42%DCB Bank Ltd. 125,000 21,281,250 0.89% 5.52%Bank of India 150,000 20,887,500 0.87% 5.42%Cement 40,000 26,906,000 1.13% 100.00%The Ramco Cements Ltd. 40,000 26,906,000 1.13% 100.00%Chemicals 30,000 20,974,500 0.88% 100.00%Pidilite Industries Ltd. 30,000 20,974,500 0.88% 100.00%Construction 110,000 18,925,500 0.79% 100.00%NBCC (India) Ltd. 110,000 18,925,500 0.79% 100.00%Construction Project 415,500 94,920,950 3.98% 100.00%KEC International Ltd. 200,000 41,720,000 1.75% 43.95%Engineers India Ltd. 200,000 28,790,000 1.21% 30.33%Larsen & Toubro Ltd. 15,500 24,410,950 1.02% 25.72%Consumer Durables 309,698 109,475,358 4.58% 100.00%Whirlpool of India Ltd. 30,000 36,651,000 1.53% 33.48%Bajaj Electricals Ltd. 80,000 25,044,000 1.05% 22.88%Blue Star Ltd. 29,493 20,420,953 0.85% 18.65%VIP Industries Ltd. 90,000 17,811,000 0.75% 16.27%HPL Electric & Power Ltd. 80,205 9,548,405 0.40% 8.72%Consumer Non Durables 760,000 154,283,000 6.46% 100.00%ITC Ltd. 320,000 89,696,000 3.76% 58.14%Radico Khaitan Ltd. 300,000 41,340,000 1.73% 26.79%Mcleod Russel India Ltd. 140,000 23,247,000 0.97% 15.07%Ferrous Metals 150,000 28,230,000 1.18% 100.00%JSW Steel Ltd. 150,000 28,230,000 1.18% 100.00%Finance 344,687 141,850,039 5.95% 100.00%Rural Electrification Corporation Ltd. 175,000 31,675,000 1.33% 22.33%Shriram City Union Finance Ltd. 12,187 28,757,664 1.20% 20.27%Mahindra & Mahindra FinancialServices Ltd. 90,000 28,341,000 1.19% 19.98%Multi Commodity Exchange ofIndia Ltd. 22,500 27,113,625 1.14% 19.11%Max Financial Services Ltd. 45,000 25,962,750 1.09% 18.31%Gas 196,666 77,408,249 3.24% 100.00%Petronet LNG Ltd. 125,000 50,393,750 2.11% 65.10%GAIL (India) Ltd. 71,666 27,014,499 1.13% 34.90%
ANNEXURE IV: (Contd.,)SUPPLEMENTARY INVESTMENT PORTFOLIO INFORMATION AND INDUSTRYWISE CLASSIFICATION OFBARODA PIONEER BALANCE FUND
Details of investment portfolio and industrywise classification of the Scheme's investments in each category of investments as at March 31, 2017 are presented below. The industry and company exposures are statedas a percentage of scheme's net assets as at March 31, 2017 as well as the aggregate investments in each investment category.
ndustry and Company Quantity Amount Percentage to Percentage toParticulars (in Rs.) Net Assets Investment
CatagoryEQUITY SHARESListed / Awaiting listing onStock ExchangesHealthcare Services 80,000 18,356,000 0.77% 100.00%Healthcare Global Enterprises Ltd. 80,000 18,356,000 0.77% 100.00%Industrial Products 320,000 113,028,250 4.73% 100.00%Bharat Forge Ltd. 45,000 46,894,500 1.96% 41.49%AIA Engineering Ltd. 25,000 39,696,250 1.66% 35.12%Sintex Industries Ltd. 250,000 26,437,500 1.11% 23.39%Media & Entertainment 150,500 86,032,100 3.60% 100.00%Sun TV Network Ltd. 70,000 55,345,500 2.32% 64.33%D.B.Corp Ltd. 80,500 30,686,600 1.28% 35.67%Non - Ferrous Metals 220,000 48,504,000 2.03% 100.00%Hindalco Industries Ltd. 150,000 29,257,500 1.22% 60.32%Vedanta Ltd. 70,000 19,246,500 0.81% 39.68%Petroleum Products 140,000 61,117,000 2.56% 100.00%Indian Oil Corporation Ltd. 90,000 34,834,500 1.46% 57.00%Hindustan Petroleum Corporation Ltd. 50,000 26,282,500 1.10% 43.00%Pharmaceuticals 150,000 89,060,000 3.73% 100.00%Syngene International Ltd. 75,000 39,056,250 1.64% 43.85%Sun Pharmaceutical Industries Ltd. 50,000 34,407,500 1.44% 38.63%IPCA Laboratories Ltd. 25,000 15,596,250 0.65% 17.52%Software 102,500 66,803,875 2.80% 100.00%HCL Technologies Ltd. 47,500 41,550,625 1.74% 62.20%Tech Mahindra Ltd. 55,000 25,253,250 1.06% 37.80%TOTAL 1,713,303,432 71.75% 100.00%DEBENTURES/BONDSListed / Awaiting listing onStock ExchangesBanks 350 350,637,100 14.68% 100.00%09.20% ICICI BankLtd. 17-Mar-2022 NCD 150 150,309,900 6.29% 42.87%09.50% IndusInd Bank Ltd.22-Mar-2022 NCD ** 150 149,970,000 6.28% 42.77%10.40% Vijaya Bank27-Mar-2020 NCD ** 50 50,357,200 2.11% 14.36%Finance 20,009 29,014,200 1.21% 100.00%09.30% Dewan Housing FinanceCorporation Ltd. 16-Aug-2026 NCD ** 20,000 19,922,040 0.83% 68.66%09.06% Rural ElectrificationCorporation Ltd. 23-Sep-2017 NCD ** 9 9,092,160 0.38% 31.34%TOTAL 379,651,300 15.89% 100.00%CENTRAL GOVERNMENTSECURITIES 1,880,000 196,358,895 8.22% 100.00%7.61% CGL 2030 1,000,000 103,580,300 4.34% 52.75%7.59% CGL 2026 500,000 52,401,100 2.19% 26.69%7.88% CGL 2030 180,000 18,810,324 0.79% 9.58%8.24% CGL 2027 130,000 13,914,108 0.58% 7.09%8.83% CGL 2023 50,000 5,482,800 0.23% 2.79%8.60% CGL 2028 10,000 1,095,729 0.05% 0.56%8.28% CGL 2027 10,000 1,074,534 0.04% 0.54%TOTAL 196,358,895 8.22% 100.00%DEPOSITS 8,000,000 0.33% 100.00%COLLATERALISED LENDING(CBLO) 71,624,539 3.00% 100.00%NET CURRENT ASSETS /(LIABILITIES) 19,619,897 0.81% 100.00%NET ASSETS 2,388,558,063 100.00%** Thinly traded/Non traded securities as defined in SEBI Regulations.
BARODA PIONEER MUTUAL FUND
30
Industry and Company Quantity Amount Percentage to Percentage toParticulars (in Rs.) Net Assets Investment
CatagoryEQUITY SHARESListed / Awaiting listing onStock ExchangesAuto 29,950 27,564,175 11.51% 100.00%Maruti Suzuki India Ltd. 1,750 10,527,475 4.39% 38.19%Tata Motors Ltd. 24,000 6,771,600 2.83% 24.57%Mahindra & Mahindra Ltd. 4,000 5,147,600 2.15% 18.67%Eicher Motors Ltd. 200 5,117,500 2.14% 18.57%Auto 140,500 55,441,450 23.14% 100.00%State Bank of India 45,000 13,203,000 5.51% 23.81%HDFC Bank Ltd. 9,000 12,982,950 5.42% 23.42%ICICI Bank Ltd. 40,000 11,074,000 4.62% 19.97%Axis Bank Ltd. 22,000 10,797,600 4.51% 19.48%Kotak Mahindra Bank Ltd. 4,500 3,924,900 1.64% 7.08%Bank of Baroda 20,000 3,459,000 1.44% 6.24%Construction Project 8,000 12,599,200 5.26% 100.00%Larsen & Toubro Ltd. 8,000 12,599,200 5.26% 100.00%Consumer Non Durables 61,250 25,902,238 10.81% 100.00%ITC Ltd. 55,000 15,416,500 6.43% 59.52%Colgate Palmolive (India) Ltd. 5,500 5,475,250 2.29% 21.14%Nestle India Ltd. 750 5,010,488 2.09% 19.34%Ferrous Metals 25,000 4,705,000 1.96% 100.00%JSW Steel Ltd. 25,000 4,705,000 1.96% 100.00%Gas 9,333 3,518,074 1.47% 100.00%GAIL (India) Ltd. 9,333 3,518,074 1.47% 100.00%Industrial Capital Goods 1,500 1,882,800 0.79% 100.00%Siemens Ltd. 1,500 1,882,800 0.79% 100.00%Industrial Products 5,000 4,747,250 1.98% 100.00%Cummins India Ltd. 5,000 4,747,250 1.98% 100.00%Media & Entertainment 11,000 5,891,050 2.46% 100.00%Zee Entertainment Enterprises Ltd. 11,000 5,891,050 2.46% 100.00%Minerals/Mining 7,500 2,194,875 0.92% 100.00%Coal India Ltd. 7,500 2,194,875 0.92% 100.00%Non - Ferrous Metals 45,000 9,975,750 4.16% 100.00%Hindalco Industries Ltd. 30,000 5,851,500 2.44% 58.66%Vedanta Ltd. 15,000 4,124,250 1.72% 41.34%
ANNEXURE IV: (Contd.,)SUPPLEMENTARY INVESTMENT PORTFOLIO INFORMATION AND INDUSTRYWISE CLASSIFICATION OF BARODA PIONEER LARGE CAP FUND
Details of investment portfolio and industrywise classification of the Scheme's investments in each category of investments as at March 31, 2017 are presented below. The industry and company exposures are statedas a percentage of scheme's net assets as at March 31, 2017 as well as the aggregate investments in each investment category.
Industry and Company Quantity Amount Percentage to Percentage toParticulars (in Rs.) Net Assets Investment
CatagoryEQUITY SHARESListed / Awaiting listing onStock ExchangesPetroleum Products 48,500 19,257,025 8.04% 100.00%Indian Oil Corporation Ltd. 45,000 17,417,250 7.27% 90.45%Hindustan Petroleum Corporation Ltd. 3,500 1,839,775 0.77% 9.55%Pharmaceuticals 23,000 14,875,450 6.20% 100.00%Sun Pharmaceutical Industries Ltd. 13,000 8,945,950 3.73% 60.14%Cipla Ltd. 10,000 5,929,500 2.47% 39.86%Power 75,000 9,450,000 3.95% 100.00%Power Grid Corporation of India Ltd. 25,000 4,932,500 2.06% 52.20%Tata Power Company Ltd. 50,000 4,517,500 1.89% 47.80%Telecom - Services 35,000 23,604,850 9.85% 100.00%HCL Technologies Ltd. 10,000 8,747,500 3.65% 37.06%Tech Mahindra Ltd. 19,000 8,723,850 3.64% 36.96%Infosys Ltd. 6,000 6,133,500 2.56% 25.98%Transportation 17,500 5,943,000 2.48% 100.00%Adani Ports and Special EconomicZone Ltd. 17,500 5,943,000 2.48% 100.00%TOTAL 227,552,187 94.98% 100.00%DEBENTURES/BONDSListed / Awaiting listing onStock ExchangesPower 45,000 589,808 0.25% 100.00%08.49% NTPC Ltd.25-Mar-2025 NCD ** 45,000 589,808 0.25% 100.00%TOTAL 589,808 0.25% 100.00%COLLATERALISEDLENDING (CBLO) 10,192,932 4.25% 100.00%NET CURRENT ASSETS /(LIABILITIES) 1,265,624 0.52% 100.00%NET ASSETS 239,600,551 100.00%** Thinly traded/Non traded securities as defined in SEBI Regulations. Investments in one Company having different maturity dates are disclosed separately.
ANNUAL REPORT 2016 - 2017
31
Industry and Company Quantity Amount Percentage to Percentage toParticulars (in Rs.) Net Assets Investment
CatagoryEQUITY SHARESListed / Awaiting listing onStock ExchangesAuto 4,000 7,182,200 2.19% 100.00%V.S.T Tillers Tractors Ltd. 4,000 7,182,200 2.19% 100.00%Auto Ancillaries 17,860 16,953,413 5.17% 100.00%Tube Investments of India Ltd. 10,000 6,276,500 1.91% 37.02%Igarashi Motors India Ltd. 6,000 4,835,700 1.47% 28.52%TVS Srichakra Ltd. 1,000 3,495,950 1.07% 20.62%Dynamatic Technologies Ltd. 860 2,345,263 0.72% 13.84%Banks 307,500 36,438,125 11.12% 100.00%RBL Bank Ltd. 20,000 9,891,000 3.02% 27.14%The Federal Bank Ltd. 100,000 9,145,000 2.79% 25.10%IDFC Bank Ltd. 125,000 7,412,500 2.26% 20.34%Union Bank of India 30,000 4,677,000 1.43% 12.84%DCB Bank Ltd. 25,000 4,256,250 1.30% 11.68%Oriental Bank of Commerce 7,500 1,056,375 0.32% 2.90%Cement 11,328 9,279,613 2.83% 100.00%JK Cement Ltd. 6,328 5,916,363 1.80% 63.76%The Ramco Cements Ltd. 5,000 3,363,250 1.03% 36.24%Construction 45,000 15,971,250 4.87% 100.00%Kajaria Ceramics Ltd. 20,000 11,670,000 3.56% 73.07%NBCC (India) Ltd. 25,000 4,301,250 1.31% 26.93%Construction Project 45,000 6,477,750 1.98% 100.00%Engineers India Ltd. 45,000 6,477,750 1.98% 100.00%Consumer Durables 63,970 34,208,387 10.43% 100.00%Whirlpool of India Ltd. 9,000 10,995,300 3.35% 32.14%Crompton Greaves ConsumerElectricals Ltd. 40,000 8,678,000 2.65% 25.37%Blue Star Ltd. 10,865 7,522,926 2.29% 21.99%Johnson Controls-HitachiAir Conditioning India Ltd. 2,605 4,718,436 1.44% 13.79%Symphony Ltd. 1,500 2,293,725 0.70% 6.71%Consumer Non Durables 70,000 10,211,000 3.11% 100.00%Radico Khaitan Ltd. 50,000 6,890,000 2.10% 67.48%Mcleod Russel India Ltd. 20,000 3,321,000 1.01% 32.52%Finance 253,145 53,192,507 16.23% 100.00%Multi Commodity Exchange ofIndia Ltd. 10,000 12,050,500 3.68% 22.65%Rural Electrification Corporation Ltd. 65,000 11,765,000 3.59% 22.12%Mahindra & Mahindra FinancialServices Ltd. 30,000 9,447,000 2.88% 17.76%Max Financial Services Ltd. 15,000 8,654,250 2.64% 16.27%Shriram City Union Finance Ltd. 3,145 7,421,257 2.26% 13.95%IFCI Ltd. 130,000 3,854,500 1.18% 7.25%
ANNEXURE IV: (Contd.,)SUPPLEMENTARY INVESTMENT PORTFOLIO INFORMATION AND INDUSTRYWISE CLASSIFICATION OF BARODA PIONEER MID-CAP FUND
Details of investment portfolio and industrywise classification of the Scheme's investments in each category of investments as at March 31, 2017 are presented below. The industry and company exposures are statedas a percentage of scheme's net assets as at March 31, 2017 as well as the aggregate investments in each investment category.
Industry and Company Quantity Amount Percentage to Percentage toParticulars (in Rs.) Net Assets Investment
CatagoryEQUITY SHARESListed / Awaiting listing onStock ExchangesGas 5,000 5,074,750 1.55% 100.00%Indraprastha Gas Ltd. 5,000 5,074,750 1.55% 100.00%Industrial Capital Goods 48,500 11,152,500 3.40% 100.00%Schneider Electric Infrastructure Ltd. 45,000 6,385,500 1.95% 57.26%BEML Ltd. 3,500 4,767,000 1.45% 42.74%Industrial Products 185,000 42,843,375 13.06% 100.00%AIA Engineering Ltd. 7,500 11,908,875 3.63% 27.80%Essel Propack Ltd. 45,000 10,694,250 3.26% 24.96%NRB Bearings Ltd. 70,000 7,563,500 2.31% 17.65%Sintex Industries Ltd. 50,000 5,287,500 1.61% 12.34%Bharat Forge Ltd. 5,000 5,210,500 1.59% 12.16%Carborundum Universal Ltd. 7,500 2,178,750 0.66% 5.09%Pesticides 8,000 6,362,000 1.94% 100.00%Dhanuka Agritech Ltd. 8,000 6,362,000 1.94% 100.00%Petroleum Products 13,201 9,300,765 2.84% 100.00%Gulf Oil Lubricants India Ltd. 13,201 9,300,765 2.84% 100.00%Pharmaceuticals 28,000 15,405,800 4.70% 100.00%Syngene International Ltd. 20,000 10,415,000 3.18% 67.60%IPCA Laboratories Ltd. 8,000 4,990,800 1.52% 32.40%Power 150,000 14,010,000 4.27% 100.00%PTC India Ltd. 150,000 14,010,000 4.27% 100.00%Software 15,000 7,012,500 2.14% 100.00%Cyient Ltd. 15,000 7,012,500 2.14% 100.00%Textile Products 25,000 9,873,750 3.01% 100.00%Arvind Ltd. 25,000 9,873,750 3.01% 100.00%Hotels, Resorts And OtherRecreational Activities 70,000 8,883,000 2.71% 100.00%The Indian Hotels Company Ltd. 70,000 8,883,000 2.71% 100.00%TOTAL 319,832,685 97.55% 100.00%DEBENTURES/BONDSListed / Awaiting listing onStock ExchangesPower 100,000 1,310,684 0.40% 100.00%08.49% NTPC Ltd.25-Mar-2025 NCD ** 100,000 1,310,684 0.40% 100.00%TOTAL 1,310,684 0.40% 100.00%COLLATERALISEDLENDING (CBLO) 6,920,728 2.11% 100.00%NET CURRENT ASSETS /(LIABILITIES) -190,768 (0.06)% 100.00%NET ASSETS 327,873,329 100.00%
** Thinly traded/Non traded securities as defined in SEBI Regulations.Investments in one Company having different maturity dates are disclosed separately.
BARODA PIONEER MUTUAL FUND
32
Industry and Company Quantity Amount Percentage to Percentage toParticulars (in Rs.) Net Assets Investment
CatagoryEQUITY SHARESListed / Awaiting listing onStock ExchangesBanks 1,107,500 352,400,625 85.61% 100.00%HDFC Bank Ltd. 60,000 86,553,000 21.03% 24.56%State Bank of India 150,000 44,010,000 10.69% 12.49%ICICI Bank Ltd. 150,000 41,527,500 10.09% 11.78%Kotak Mahindra Bank Ltd. 35,000 30,527,000 7.42% 8.66%Axis Bank Ltd. 60,000 29,448,000 7.15% 8.36%IndusInd Bank Ltd. 17,500 24,940,125 6.06% 7.08%Yes Bank Ltd. 15,000 23,201,250 5.64% 6.58%Bank of Baroda 85,000 14,700,750 3.57% 4.17%The Federal Bank Ltd. 150,000 13,717,500 3.33% 3.89%IDFC Bank Ltd. 225,000 13,342,500 3.24% 3.79%RBL Bank Ltd. 20,000 9,891,000 2.40% 2.81%Union Bank of India 60,000 9,354,000 2.27% 2.65%Bank of India 50,000 6,962,500 1.69% 1.98%Oriental Bank of Commerce 30,000 4,225,500 1.03% 1.20%
ANNEXURE IV: (Contd.,)SUPPLEMENTARY INVESTMENT PORTFOLIO INFORMATION AND INDUSTRYWISE CLASSIFICATION OF
BARODA PIONEER BANKING AND FINANCIAL SERVICES FUNDDetails of investment portfolio and industrywise classification of the Scheme's investments in each category of investments as at March 31, 2017 are presented below. The industry and company exposures are statedas a percentage of scheme's net assets as at March 31, 2017 as well as the aggregate investments in each investment category.
Industry and Company Quantity Amount Percentage to Percentage toParticulars (in Rs.) Net Assets Investment
CatagoryEQUITY SHARESListed / Awaiting listing onStock ExchangesFinance 393,000 52,088,100 12.66% 100.00%Rural Electrification Corporation Ltd. 100,000 18,100,000 4.40% 34.75%Multi Commodity Exchangeof India Ltd. 10,000 12,050,500 2.93% 23.13%Mahindra & MahindraFinancial Services Ltd. 30,000 9,447,000 2.30% 18.14%IFCI Ltd. 250,000 7,412,500 1.80% 14.23%Credit Analysis and Research Ltd. 3,000 5,078,100 1.23% 9.75%TOTAL 404,488,725 98.27% 100.00%COLLATERALISED LENDING(CBLO) 9,672,094 2.35% 100.00%NET CURRENT ASSETS /(LIABILITIES) (2,587,181) (0.62)% 100.00%NET ASSETS 411,573,638 100.00%
ANNUAL REPORT 2016 - 2017
33
Industry and Company Quantity Amount Percentage to Percentage toParticulars (in Rs.) Net Assets Investment
CatagoryEQUITY SHARESListed / Awaiting listing onStock ExchangesAuto Ancillaries 120,500 39,802,075 5.13% 100.00%Motherson Sumi Systems Ltd. 50,000 18,595,000 2.40% 46.72%Apollo Tyres Ltd. 55,000 11,478,500 1.48% 28.84%Tube Investments of India Ltd. 15,500 9,728,575 1.25% 24.44%Banks 927,500 104,760,125 13.50% 100.00%The Federal Bank Ltd. 350,000 32,007,500 4.12% 30.55%RBL Bank Ltd. 52,500 25,963,875 3.35% 24.78%IDFC Bank Ltd. 350,000 20,755,000 2.67% 19.81%Union Bank of India 100,000 15,590,000 2.01% 14.88%Bank of India 75,000 10,443,750 1.35% 9.98%Cement 35,000 23,542,750 3.03% 100.00%The Ramco Cements Ltd. 35,000 23,542,750 3.03% 100.00%Chemicals 30,000 20,974,500 2.70% 100.00%Pidilite Industries Ltd. 30,000 20,974,500 2.70% 100.00%Construction 125,000 37,964,250 4.89% 100.00%Kajaria Ceramics Ltd. 40,000 23,340,000 3.01% 61.48%NBCC (India) Ltd. 85,000 14,624,250 1.88% 38.52%Construction Project 250,000 44,050,000 5.68% 100.00%Engineers India Ltd. 200,000 28,790,000 3.71% 65.36%Sadbhav Engineering Ltd. 50,000 15,260,000 1.97% 34.64%Consumer Durables 45,263 46,417,301 5.98% 100.00%Whirlpool of India Ltd. 19,000 23,212,300 2.99% 50.01%Blue Star Ltd. 20,263 14,030,101 1.81% 30.23%Symphony Ltd. 6,000 9,174,900 1.18% 19.76%Consumer Non Durables 8,000 32,338,150 4.16% 100.00%Britannia Industries Ltd. 5,000 16,870,000 2.17% 52.17%GlaxoSmithKline ConsumerHealthcare Ltd. 3,000 15,468,150 1.99% 47.83%Finance 395,000 117,415,750 15.12% 100.00%Mahindra & Mahindra FinancialServices Ltd. 90,000 28,341,000 3.65% 24.14%Rural Electrification Corporation Ltd. 150,000 27,150,000 3.50% 23.12%Max Financial Services Ltd. 45,000 25,962,750 3.34% 22.11%Shriram City Union Finance Ltd. 10,000 23,597,000 3.04% 20.10%L&T Finance Holdings Ltd. 100,000 12,365,000 1.59% 10.53%
ANNEXURE IV: (Contd.,)SUPPLEMENTARY INVESTMENT PORTFOLIO INFORMATION AND INDUSTRYWISE CLASSIFICATION OF
BARODA PIONEER EQUITY TRIGGER FUND-SERIES IDetails of investment portfolio and industrywise classification of the Scheme's investments in each category of investments as at March 31, 2017 are presented below. The industry and company exposures are statedas a percentage of scheme's net assets as at March 31, 2017 as well as the aggregate investments in each investment category.
Industry and Company Quantity Amount Percentage to Percentage toParticulars (in Rs.) Net Assets Investment
CatagoryEQUITY SHARESListed / Awaiting listing onStock ExchangesGas 66,000 36,396,700 4.69% 100.00%Petronet LNG Ltd. 50,000 20,157,500 2.60% 55.38%Indraprastha Gas Ltd. 16,000 16,239,200 2.09% 44.62%Industrial Capital Goods 200,000 30,607,500 3.94% 100.00%Bharat Electronics Ltd. 150,000 23,512,500 3.03% 76.82%Schneider Electric Infrastructure Ltd. 50,000 7,095,000 0.91% 23.18%Industrial Products 120,000 88,458,250 11.40% 100.00%AIA Engineering Ltd. 20,000 31,757,000 4.09% 35.90%Bharat Forge Ltd. 25,000 26,052,500 3.36% 29.45%Supreme Industries Ltd. 15,000 16,389,750 2.11% 18.53%Essel Propack Ltd. 60,000 14,259,000 1.84% 16.12%Media & Entertainment 42,500 16,050,125 2.07% 100.00%Shemaroo Entertainment Ltd. 42,500 16,050,125 2.07% 100.00%Pesticides 42,500 38,566,500 4.97% 100.00%UPL Ltd. 40,000 29,076,000 3.75% 75.39%Bayer Cropscience Ltd. 2,500 9,490,500 1.22% 24.61%Pharmaceuticals 50,000 26,037,500 3.35% 100.00%Syngene International Ltd. 50,000 26,037,500 3.35% 100.00%Software 25,000 28,261,750 3.64% 100.00%Oracle Financial ServicesSoftware Ltd. 5,000 19,078,750 2.46% 67.51%Tech Mahindra Ltd. 20,000 9,183,000 1.18% 32.49%Textile Products 60,000 23,697,000 3.05% 100.00%Arvind Ltd. 60,000 23,697,000 3.05% 100.00%TOTAL 755,340,226 97.30% 100.00%COLLATERALISEDLENDING (CBLO) 17,254,381 2.22% 100.00%NET CURRENT ASSETS /(LIABILITIES) 3,574,701 0.48% 100.00%NET ASSETS 776,169,308 100.00%
BARODA PIONEER MUTUAL FUND
34
Annexure VPerspective Historical Per Unit Statistics for the year/period ended March 31, 2017
BARODA PIONEER BARODA PIONEER BARODA PIONEER BARODA PIONEERELSS ’96 FUND GROWTH FUND BALANCE FUND INFRASTRUCTURE FUND
Period Period Period Period Period Period Period Period Period Period Period PeriodEnded Ended Ended Ended Ended Ended Ended Ended Ended Ended Ended Ended
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-17 31-Mar-16 31-Mar-15(a) Net asset value per unit at the end of
the period / maturity / finalredemption datePlan A - Dividend Option 30.11 26.10 31.95 33.83 32.05 38.93 17.66 16.32 25.86 11.86 9.36 11.23Regular Plan - Dividend Option - - - - - - - - - - - -Regular Plan - Growth Option - - - - - - - - - - - -Regular Plan - Daily Dividend Option - - - - - - - - - - - -Regular Plan - Weekly Dividend Option - - - - - - - - - - - -Regular Plan - Monthly Dividend Option - - - - - - - - - - - -Regular Plan - Quarterly Dividend Option - - - - - - - - - - - -Plan A - Bonus Option 41.72 33.34 37.19 - - - - 41.21 43.49 - - -Plan A - Daily Dividend Option - - - - - - - - - - - -Plan A - Weekly Dividend Option - - - - - - - - - - - -Plan A - Growth Option 41.72 33.34 37.19 88.53 71.55 79.06 49.83 41.21 43.49 12.88 10.17 12.20Plan A - Monthly Dividend Option - - - - - - - - - - - -Plan A - Quarterly Dividend Option - - - - - - - - - - - -Plan B (Direct) - Dividend Option 35.01 29.79 32.84 33.30 31.39 38.00 19.00 17.20 26.56 12.19 9.56 11.41Plan B (Direct) - Bonus Option 43.94 34.85 38.42 - - - - - - - - -Plan B (Direct) - Daily Dividend Option - - - - - - - - - - - -Plan B (Direct) - Growth Option 43.94 34.85 38.42 91.82 73.62 80.89 52.12 42.57 44.42 13.22 10.37 12.38Plan B (Direct) - Quarterly Dividend Option - - - - - - - - - - - -Plan B (Direct) - Weekly Dividend Option - - - - - - - - - - - -Plan B (Direct) - Monthly Dividend Option - - - - - - - - - - - -Plan C - Growth Option - - - - - - - - - - - -
(b) Gross Income(i) income other than profit on sale
of investment 0.32 0.35 0.29 0.83 0.80 1.12 0.96 1.49 2.14 0.15 0.18 0.19(ii) income from profit on inter scheme
sales/transfer of investment - (0.02) - - - - (0.01) 0.01 (0.04) - - -(iii) income (net) from profit on sale of
investments to third party 3.19 0.55 9.12 7.85 5.34 19.61 1.55 (2.59) 9.51 1.42 (1.07) 5.98(c) Aggregate of expenses, writeoff,
amortisation and charges(excluding loss on sale of investments) 0.72 0.76 0.81 1.63 1.57 2.21 0.61 0.98 1.28 0.30 0.34 0.43
(d) Net Income (excluding change inunrealised appreciation/depreciation on investments) 2.79 0.12 8.61 7.05 4.57 18.52 1.88 (2.06) 10.33 1.27 (1.23) 5.73
(e) Unrealised appreciation /(depreciation) in value of investments 2.77 (2.84) 0.43 5.37 (9.87) 7.24 3.15 (0.65) (0.16) 1.09 (0.85) (0.46)
(f) Redemption priceHighestRegular Plan - Dividend Option - - - - - - - - - - - -Regular Plan - Growth Option - - - - - - - - - - - -Regular Plan - Bonus Option - - - - - - - - - - - -Regular Plan - Daily Dividend Option - - - - - - - - - - - -Regular Plan - Weekly Dividend Option - - - - - - - - - - - -Regular Plan - Monthly Dividend Option - - - - - - - - - - - -Regular Plan - Quarterly Dividend Option - - - - - - - - - - - -Plan A - Bonus Option 41.72 38.32 39.18 - - - 47.87 44.46 - - - -Plan A - Dividend Option 32.07 32.92 39.18 35.54 39.76 40.33 36.51 26.43 71.34 11.74 11.49 11.72Plan A - Daily Dividend Option - - - - - - - - - - - -Plan A - Weekly Dividend Option - - - - - - - - - - - -Plan A - Monthly Dividend Option - - - - - - - - - - - -Plan A - Quarterly Dividend Option - - - - - - - - - - - -Plan A - Growth Option 41.72 38.32 35.04 87.64 80.79 81.92 49.33 44.46 44.36 12.75 12.48 12.25Plan B (Direct) - Bonus Option 43.94 39.61 40.44 - - - - - - - - -Plan B (Direct) - Dividend Option 36.88 33.86 40.27 35.01 38.82 39.35 19.35 27.17 36.28 12.07 11.68 11.88Plan B (Direct) - Daily Dividend Option - - - - - - - - - - - -Plan B (Direct) - Growth Option 43.94 39.61 35.92 90.90 82.82 83.76 51.60 45.44 45.24 13.09 12.67 12.43Plan B (Direct) - Weekly Dividend Option - - - - - - - - - - - -Plan B (Direct) - Monthly Dividend Option - - - - - - - - - - - -Plan B (Direct) - Quarterly Dividend Option - - - - - - - - - - - -Plan C - Growth Option - - - - - - - - - - - -LowestRegular Plan - Dividend Option - - - - - - - - - - - -Regular Plan - Growth Option - - - - - - - - - - - -Regular Plan - Bonus Option - - - - - - - - - - - -Regular Plan - Daily Dividend Option - - - - - - - - - - - -Regular Plan - Weekly Dividend Option - - - - - - - - - - - -
ANNUAL REPORT 2016 - 2017
35
Annexure V (Contd.,)Perspective Historical Per Unit Statistics for the year/period ended March 31, 2017 (Contd.,)
BARODA PIONEER BARODA PIONEER BARODA PIONEER BARODA PIONEERELSS ’96 FUND GROWTH FUND BALANCE FUND INFRASTRUCTURE FUND
Period Period Period Period Period Period Period Period Period Period Period PeriodEnded Ended Ended Ended Ended Ended Ended Ended Ended Ended Ended Ended
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-17 31-Mar-16 31-Mar-15Regular Plan - Monthly Dividend Option - - - - - - - - - - - -Regular Plan - Quarterly Dividend Option - - - - - - - - - - - -Plan A - Bonus Option 32.79 30.15 25.64 - - - 40.58 37.35 39.82 - - -Plan A - Dividend Option 25.67 25.59 36.24 29.90 28.84 26.93 31.82 15.72 50.13 9.13 8.30 8.23Plan A - Daily Dividend Option - - - - - - - - - - - -Plan A - Weekly Dividend Option - - - - - - - - - - - -Plan A - Monthly Dividend Option - - - - - - - - - - - -Plan A - Quarterly Dividend Option - - - - - - - - - - - -Plan A - Growth Option 32.79 30.15 23.58 69.57 64.37 54.70 40.58 37.35 32.94 9.92 9.01 8.23Plan B (Direct) - Bonus Option 34.29 31.50 26.10 - - - - - - - - -Plan B (Direct) - Dividend Option 29.31 26.93 37.43 29.37 28.22 27.35 16.93 16.50 25.68 9.33 8.47 8.30Plan B (Direct) - Daily Dividend Option - - - - - - - - - - - -Plan B (Direct) - Growth Option 34.29 31.50 24.03 71.59 66.20 55.56 41.89 38.56 33.26 10.12 9.19 8.30Plan B (Direct) - Weekly Dividend Option - - - - - - - - - - - -Plan B (Direct) - Monthly Dividend Option - - - - - - - - - - - -Plan B (Direct) - Quarterly Dividend Option - - - - - - - - - - - -Plan C - Growth Option - - - - - - - - - - - -Purchase priceHighestRegular Plan - Dividend Option - - - - - - - - - - - -Regular Plan - Growth Option - - - - - - - - - - - -Regular Plan - Bonus Option - - - - - - - - - - - -Regular Plan - Daily Dividend Option - - - - - - - - - - - -Regular Plan - Weekly Dividend Option - - - - - - - - - - - -Regular Plan - Monthly Dividend Option - - - - - - - - - - - -Regular Plan - Quarterly Dividend Option - - - - - - - - - - - -Plan A - Bonus Option 41.72 38.32 39.18 - - - 48.35 44.91 44.81 - - -Plan A - Dividend Option 32.87 33.74 39.18 36.71 41.06 41.66 37.71 27.30 73.68 11.86 11.61 11.84Plan A - Daily Dividend Option - - - - - - - - - - - -Plan A - Weekly Dividend Option - - - - - - - - - - - -Plan A - Monthly Dividend Option - - - - - - - - - - - -Plan A - Quarterly Dividend Option - - - - - - - - - - - -Plan A - Growth Option 41.72 38.32 35.92 90.52 83.45 84.61 50.95 45.92 45.82 12.88 12.61 12.37Plan B (Direct) - Bonus Option 43.94 39.61 40.44 - - - - - - - - -Plan B (Direct) - Dividend Option 36.88 33.86 40.27 35.36 39.21 39.75 19.55 27.44 36.65 12.19 11.80 12.00Plan B (Direct) - Daily Dividend Option - - - - - - - - - - - -Plan B (Direct) - Growth Option 43.94 39.61 35.92 91.82 83.66 84.61 52.12 45.90 45.70 13.22 12.80 12.56Plan B (Direct) - Weekly Dividend Option - - - - - - - - - - - -Plan B (Direct) - Monthly Dividend Option - - - - - - - - - - - -Plan B (Direct) - Quarterly Dividend Option - - - - - - - - - - - -Plan C - Growth Option - - - - - - - - - - - -LowestRegular Plan - Dividend Option - - - - - - - - - - - -Regular Plan - Growth Option - - - - - - - - - - - -Regular Plan - Bonus Option - - - - - - - - - - - -Regular Plan - Daily Dividend Option - - - - - - - - - - - -Regular Plan - Weekly Dividend Option - - - - - - - - - - - -Regular Plan - Monthly Dividend Option - - - - - - - - - - - -Regular Plan - Quarterly Dividend Option - - - - - - - - - - - -Plan A - Bonus Option 32.79 30.15 39.18 - - - 40.99 37.73 40.22 - - -Plan A - Dividend Option 26.31 26.23 39.18 30.88 29.79 27.81 32.86 16.24 51.78 9.22 8.38 8.31Plan A - Daily Dividend Option - - - - - - - - - - - -Plan A - Weekly Dividend Option - - - - - - - - - - - -Plan A - Monthly Dividend Option - - - - - - - - - - - -Plan A - Quarterly Dividend Option - - - - - - - - - - - -Plan A - Growth Option 32.79 30.15 35.92 71.85 66.48 56.49 41.91 38.58 34.02 10.02 9.10 8.31Plan B (Direct) - Bonus Option 34.29 31.50 40.44 - - - - - - - - -Plan B (Direct) - Dividend Option 29.31 26.93 40.27 29.67 28.51 27.63 17.10 16.67 25.94 9.42 8.56 8.38Plan B (Direct) - Daily Dividend Option - - - - - - - - - - - -Plan B (Direct) - Growth Option 34.29 31.50 35.92 72.31 66.87 56.12 42.31 38.95 33.60 10.22 9.28 8.38Plan B (Direct) - Weekly Dividend Option - - - - - - - - - - - -Plan B (Direct) - Monthly Dividend Option - - - - - - - - - - - -Plan B (Direct) - Quarterly Dividend Option - - - - - - - - - - - -Plan C - Growth Option - - - - - - - - - - - -
(h) Price earnings ratio N.A N.A N.A 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 by percentage 2.10% 2.98% 2.78% 2.19% 2.95% 2.76% 1.72% 2.69% 2.68% 2.34% 2.99% 2.78%(annualised,excluding unrealisedappreciation/depreciation oninvestments)
(j) Ratio of gross income/loss toaverage daily net assets by percentage 18.43% -7.70% 37.09% 18.88% -6.99% 38.43% 15.90% -4.76% 25.42% 20.80% -15.13% 40.32%(annualised, including unrealisedappreciation / depreciation oninvestments and net profit or losson sale of investments.)
BARODA PIONEER MUTUAL FUND
36
Annexure VPerspective Historical Per Unit Statistics for the year/period ended March 31, 2017 (Contd.,)
BARODA PIONEER BARODA PIONEER Baroda PioneerMID-CAP FUND BANKING & FINANCIAL SERVICES FUND Equity Trigger Fund -SR I
Period Period Period Period Period Period Period Period PeriodEnded Ended Ended Ended Ended Ended Ended Ended Ended
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-17 31-Mar-16 31-Mar-15(a) Net asset value per unit at the end of the period /
maturity / final redemption datePlan A - Dividend Option 8.39 6.68 8.33 16.15 12.90 14.90 12.47 9.58 10.29Regular Plan - Dividend Option - - - - - - - - -Regular Plan - Growth Option - - - - - - - - -Regular Plan - Daily Dividend Option - - - - - - - - -Regular Plan - Weekly Dividend Option - - - - - - - - -Regular Plan - Monthly Dividend Option - - - - - - - - -Regular Plan - Quarterly Dividend Option - - - - - - - - -Plan A - Bonus Option - - - 18.99 13.86 16.02 - - -Plan A - Daily Dividend Option - - - - - - - - -Plan A - Weekly Dividend Option - - - - - - - - -Plan A - Growth Option 8.39 6.68 8.33 18.99 13.86 16.02 12.47 9.58 10.29Plan A - Monthly Dividend Option - - - - - - - - -Plan A - Quarterly Dividend Option - - - - - - - - -Plan B (Direct) - Dividend Option 8.67 6.84 8.48 16.76 13.26 15.18 12.92 9.78 10.33Plan B (Direct) - Bonus Option - - - - - - - - -Plan B (Direct) - Daily Dividend Option - - - - - - - - -Plan B (Direct) - Growth Option 8.67 6.84 8.48 19.65 14.25 16.31 12.92 9.78 10.33Plan B (Direct) - Quarterly Dividend Option - - - - - - - - -Plan B (Direct) - Weekly Dividend Option - - - - - - - - -Plan B (Direct) - Monthly Dividend Option - - - - - - - - -Plan C - Growth Option - - - - - - - - -
(b) Gross Income(i) income other than profit on sale of investment 0.10 0.22 0.23 0.24 0.21 0.16 0.12 0.15 0.05(ii) income from profit on inter scheme sales/transfer of investment - - 0.01 - - 0.00 - - -(iii) income (net) from profit on sale of investments to third party 0.58 (0.98) 2.11 5.44 0.04 4.17 1.62 (0.23) 0.25
(c) Aggregate of expenses, writeoff, amortisation andcharges (excluding loss on sale of investments) 0.22 0.25 0.32 0.67 0.45 0.46 0.32 0.30 0.08
(d) Net Income (excluding change in unrealisedappreciation/ depreciation on investments) 0.46 (1.01) 2.04 5.02 (0.21) 3.87 1.42 (0.38) 0.22
(e) Unrealised appreciation / (depreciation) in valueof investments 1.23 (0.63) 0.93 1.86 (1.96) 0.78 1.50 (0.31) 0.07
(f) Redemption priceHighestRegular Plan - Dividend Option - - - - - - - - -Regular Plan - Growth Option - - - - - - - - -Regular Plan - Bonus Option - - - - - - - - -Regular Plan - Daily Dividend Option - - - - - - - - -Regular Plan - Weekly Dividend Option - - - - - - - - -Regular Plan - Monthly Dividend Option - - - - - - - - -Regular Plan - Quarterly Dividend Option - - - - - - - - -Plan A - Bonus Option - - - 18.89 16.50 17.62 - - -Plan A - Dividend Option 8.31 8.61 9.41 17.27 15.35 16.39 12.47 11.03 10.74Plan A - Daily Dividend Option - - - - - - - - -Plan A - Weekly Dividend Option - - - - - - - - -Plan A - Monthly Dividend Option - - - - - - - - -Plan A - Quarterly Dividend Option - - - - - - - - -Plan A - Growth Option 8.31 8.61 9.41 18.89 16.50 17.62 12.47 11.03 10.74Plan B (Direct) - Bonus Option - - - - - - - - -Plan B (Direct) - Dividend Option 8.58 8.79 9.50 17.86 15.69 16.66 12.92 11.13 10.77Plan B (Direct) - Daily Dividend Option - - - - - - - - -Plan B (Direct) - Growth Option 8.58 8.79 9.50 19.54 16.86 17.91 12.92 11.13 10.77Plan B (Direct) - Weekly Dividend Option - - - - - - - - -Plan B (Direct) - Monthly Dividend Option - - - - - - - - -Plan B (Direct) - Quarterly Dividend Option - - - - - - - - -Plan C - Growth Option - - - - - - - - -LowestRegular Plan - Dividend Option - - - - - - - - -Regular Plan - Growth Option - - - - - - - - -Regular Plan - Bonus Option - - - - - - - - -Regular Plan - Daily Dividend Option - - - - - - - - -Regular Plan - Weekly Dividend Option - - - - - - - - -Regular Plan - Monthly Dividend Option - - - - - - - - -Regular Plan - Quarterly Dividend Option - - - - - - - - -
ANNUAL REPORT 2016 - 2017
37
Annexure VPerspective Historical Per Unit Statistics for the year/period ended March 31, 2017 (Contd.,)
BARODA PIONEER BARODA PIONEER Baroda PioneerMID-CAP FUND BANKING & FINANCIAL SERVICES FUND Equity Trigger Fund -SR I
Period Period Period Period Period Period Period Period PeriodEnded Ended Ended Ended Ended Ended Ended Ended Ended
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-17 31-Mar-16 31-Mar-15Plan A - Bonus Option - - - 13.40 11.74 13.29 - - -Plan A - Dividend Option 6.29 5.96 6.63 12.46 10.92 10.89 9.55 8.68 9.94Plan A - Daily Dividend Option - - - - - - - - -Plan A - Weekly Dividend Option - - - - - - - - -Plan A - Monthly Dividend Option - - - - - - - - -Plan A - Quarterly Dividend Option - - - - - - - - -Plan A - Growth Option 6.29 5.96 6.63 13.40 11.74 10.89 9.55 8.68 9.94Plan B (Direct) - Bonus Option - - - - - - - - -Plan B (Direct) - Dividend Option 6.45 6.11 8.22 12.82 11.23 10.99 9.75 8.84 9.96Plan B (Direct) - Daily Dividend Option - - - - - - - - -Plan B (Direct) - Growth Option 6.45 6.11 6.69 13.77 12.06 10.99 9.75 8.84 9.96Plan B (Direct) - Weekly Dividend Option - - - - - - - - -Plan B (Direct) - Monthly Dividend Option - - - - - - - - -Plan B (Direct) - Quarterly Dividend Option - - - - - - - - -Plan C - Growth Option - - - - - - - - -Purchase priceHighestRegular Plan - Dividend Option - - - - - - - - -Regular Plan - Growth Option - - - - - - - - -Regular Plan - Bonus Option - - - - - - - - -Regular Plan - Daily Dividend Option - - - - - - - - -Regular Plan - Weekly Dividend Option - - - - - - - - -Regular Plan - Monthly Dividend Option - - - - - - - - -Regular Plan - Quarterly Dividend Option - - - - - - - - -Plan A - Bonus Option - - - 19.08 16.67 17.80 - - -Plan A - Dividend Option 8.39 8.70 9.50 17.44 15.50 16.56 12.47 11.03 10.74Plan A - Daily Dividend Option - - - - - - - - -Plan A - Weekly Dividend Option - - - - - - - - -Plan A - Monthly Dividend Option - - - - - - - - -Plan A - Quarterly Dividend Option - - - - - - - - -Plan A - Growth Option 8.39 8.70 9.50 19.08 16.67 17.80 12.47 11.03 10.74Plan B (Direct) - Bonus Option - - - - - - - - -Plan B (Direct) - Dividend Option 8.67 8.88 9.60 18.04 15.85 16.83 12.92 11.13 10.77Plan B (Direct) - Daily Dividend Option - - - - - - - - -Plan B (Direct) - Growth Option 8.67 8.88 9.60 19.74 17.03 18.09 12.92 11.13 10.77Plan B (Direct) - Weekly Dividend Option - - - - - - - - -Plan B (Direct) - Monthly Dividend Option - - - - - - - - -Plan B (Direct) - Quarterly Dividend Option - - - - - - - - -Plan C - Growth Option - - - - - - - - -LowestRegular Plan - Dividend Option - - - - - - - - -Regular Plan - Growth Option - - - - - - - - -Regular Plan - Bonus Option - - - - - - - - -Regular Plan - Daily Dividend Option - - - - - - - - -Regular Plan - Weekly Dividend Option - - - - - - - - -Regular Plan - Monthly Dividend Option - - - - - - - - -Regular Plan - Quarterly Dividend Option - - - - - - - - -Plan A - Bonus Option - - - 13.54 11.86 13.42 - - -Plan A - Dividend Option 6.35 6.02 6.70 12.59 11.03 11.00 9.55 8.68 9.94Plan A - Daily Dividend Option - - - - - - - - -Plan A - Weekly Dividend Option - - - - - - - - -Plan A - Monthly Dividend Option - - - - - - - - -Plan A - Quarterly Dividend Option - - - - - - - - -Plan A - Growth Option 6.35 6.02 6.70 13.54 11.86 11.00 9.55 8.68 9.94Plan B (Direct) - Bonus Option - - - - - - - - -Plan B (Direct) - Dividend Option 6.52 6.17 8.30 12.95 11.34 11.10 9.75 8.84 9.96Plan B (Direct) - Daily Dividend Option - - - - - - - - -Plan B (Direct) - Growth Option 6.52 6.17 6.76 13.91 12.18 11.10 9.75 8.84 9.96Plan B (Direct) - Weekly Dividend Option - - - - - - - - -Plan B (Direct) - Monthly Dividend Option - - - - - - - - -Plan B (Direct) - Quarterly Dividend Option - - - - - - - - -Plan C - Growth Option - - - - - - - - -
(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 by percentage 2.58% 2.97% 2.71% 3.53% 3.00% 2.95% 2.55% 2.98% 2.66%
(annualised,excluding unrealised appreciation/depreciation on investments)
(j) Ratio of gross income/loss to average daily net assets 22.74% -16.95% 30.42% 39.93% -11.49% 36.15% 25.89% -3.90% 14.14%by percentage (annualised, including unrealisedappreciation / depreciation on investments and netprofit or loss on sale of investments.)