Baroda Pioneer MF Infrastructure Fund Form (May 2010)

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Baroda Pioneer MF Infrastructure Fund Form (May 2010) Powered By Docstoc
					BARODA PIONEER MUTUAL FUND
                                                  Key Information Memorandum cum Application Form
                                                                              Baroda Pioneer Infrastructure Fund
                                                                                             (An Open Ended Equity Scheme )
Issue of Units of Baroda Pioneer Infrastructure Fund at face value of Rupees 10/- each plus applicable load, if any, during the new fund offer period and thereafter at NAV based
price with applicable loads, if any.
                                                                        New Fund Offer for Schemes Opens on : 3 May 2010
                                                                       New Fund Offer for Schemes Closed on : 31 May 2010
                                                                       Schemes Re-Opens for Continuous Sale : 24 June 2010
                              Name of Mutual Fund                                                                                                 Name of Asset Management Company
                            Baroda Pioneer Mutual Fund                                                                                            Baroda Pioneer Asset Management Co. Ltd.
             501, Titanium, 5th Floor, Western Express Highway,                                                                               501, Titanium, 5th Floor,Western Express Highway,
                       Goregaon (E), Mumbai - 400063.                                                                                                  Goregaon (E), Mumbai - 400063.
                            www.barodapioneer.in                                                                                                            www.barodapioneer.in
Name of the Asset                   : Baroda Pioneer Asset Management Company Limited                                                                          Bank of Baroda: Regd. Office: Baroda House,
Management Company                                                                                                                                             Sayaji Ganj, Vadodara, Baroda-390005
Name of Mutual Fund                 : Baroda Pioneer Mutual Fund                                                       Trustee                              : Board of Trustees
Price of Units                      : NAV Linked                                                                       Investment Manager                   : Baroda Pioneer Asset Management Company Ltd.
                                                                                                                                                              501 Titanium, 5th Floor, Western Express Highway,
Face Value of Units                 : Rs. 10/- per unit                                                                                                       Goregaon (E), Mumbai - 400063.
Sponsor                             : Pioneer Global Asset Management SpA                                                                                     Phone: +91 22 3074 1000 / 4219 7999.
                                      Regd. Office: Galleria San Carlo 6, 20122,                                                                              Fax: +91 22 3074 1001.
                                      Milano, Italy; and

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the scheme/Mutual Fund, due diligence
certificate by the AMC, Key Personnel, investors' rights & services, risk factors, penalties & pending litigations etc. investors should, before investment, refer to the Scheme Information
Document and Statement of Additional Information available free of cost at any of the Investor Service Centres or distributors or from the website www. barodapioneer.in
The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations 1996, as amended till date, and filed with Securities and
Exchange Board of India (SEBI). The units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM.

Name of the Scheme                       Baroda Pioneer Infrastructure Fund
Types of Scheme                          An Open Ended equity Scheme
Investment Objective                     The primary investment objective of the Scheme will be to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of companies
                                         engaged in infrastructure and infrastructure-related sectors.
Asset Allocation Pattern                 Instruments                                                                                                                                   % of Total Assets               Risk Profile
                                         Equities and equity related securities including derivatives engaged in infrastructure sectors and infrastructure related sectors#                  65-100                  Medium to High
                                         Debt and Money Market Instruments                                                                                                                    0-35                   Low to Medium
                                         #
                                             Investment in derivatives may be made upto 50% of the net assets of the Scheme.
                                         The Scheme may take derivatives position based on the opportunities available subject to the guidelines issued by SEBI from time to time and in line with the overall investment objective of
                                         the Scheme. These may be taken to hedge the portfolio, rebalance the same or to undertake any other strategy as permitted under the SEBI Regulations.
                                         The scheme shall not invest in the equity linked debentures.
                                         The exposure/investments of the scheme in Equities and equities related instruments + notional exposure of derivatives + debt and money market instruments shall not be more than
                                         100% of the net assets of the scheme
Investment Strategy                      Baroda Pioneer Infrastructure Fund is an open ended Equity Scheme and the objective is to generate long-term capital appreciation. It will invest in equity and equity-related securities of
                                         companies engaged in infrastructure and infrastructure-related sectors like transport, and financial institutions, energy, power and oil, metals and minerals, telecom and urban
                                         infrastructure, amongst others. The fund manager will adopt an active management style to optimize returns.
                                         The key factors of the investment strategy of the scheme will be :
                                         1. Indentifying attractive opportunities on the basis of the government policies research report and overall economic conditions
                                         2. The stock selection will take into consideration various factors like Fundamentals of the business, Market Capitalisation Industry Structure, Quality of Management, etc.
                                         3. Sector weightage and stock selection within the sector.
                                         4. The portfolio will be sufficiently diversified by investing in number of companies without any restriction of market capitalization.
Risk Profile of the Scheme               Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk
                                         Factors are summarized below:
                                         Risks associated with investing in Equity and Equity Related Securities
                                         •     Risks associated with companies operating in the Infrastructure Sector: The Scheme will invest in companies in those sectors/ industries that are engaged in infrastructure
                                               development. Since the NAV of the Scheme will be linked to the share price performance of such companies, they may outperform or under perform the benchmark index (CNX 100)
                                               and/or the constituents of the said benchmark index.
                                         •     Equity instruments carry both company specific and market risks and hence no assurance of returns can be made in respect of these investments.
                                         •     Equity and equity related securities are prone to daily price fluctuations and the liquidity of investments made in the Scheme may be restricted by trading volumes and settlement
                                               periods. Settlement periods may be extended significantly due to unforeseen circumstances. The inability of the Scheme to make intended securities purchases, due to settlement
                                               problems, could cause the Scheme to miss certain investment opportunities. Likewise, the inability to sell securities held in the Scheme’s portfolio could result, at times, in potential
                                               losses to the Scheme, should there be a subsequent decline in the value of securities held in the Scheme’s portfolio. Also, the value of the Scheme’s investments may be affected by
                                               interest rates, currency exchange rates, changes in laws/policies of the government, taxation laws and political, economic or other developments which may have an adverse bearing
                                               on individual securities, a specific sector or all sectors.
                                         •     Risk associated with investment in Fixed Income and Money Market instruments which may involve Interest Rate risk, Spread risk, Credit risk or default risk, Liquidity & Settlement risk,
                                               performance risk, prepayment risk and market risk, etc.
                                         •     Risk associated with investment in Derivatives which involve Credit Risk, Illiquidity Risk, etc.
Risk Management Strategy                 Equity & Equity Related securities risk mitigation
                                         Risk & description specific to Equities                                    Risk Mitigation/ management strategy
                                         Quality Risk: Risk of investing in unsustainable/ weak companies Investment universe carefully selected to only include companies of high quality business, sound financial
                                                                                                          strength and management of the company
                                         Price Risk: Risk of overpaying of company                                  “Fair Value” based investment approach supported by comprehensive research
                                         Concentration Risk:                                                        Invest across the market capitalization (large cap, mid cap and small cap) spectrum and industries engaged in
                                                                                                                    the development of infrastructure sector.
                                         Liquidity Risk : High Impact Cost                                          Control portfolio liquidity at portfolio construction stage
                                         Volatility: Price volatility due to company or portfolio specific          The focus of the fund manager is on ensuring that Stocks selected for the portfolio and the allocation to
                                         factors                                                                    each sector/stock does not lead to excessive volatility that is not in line with the positioning of the Scheme. The
                                                                                                                    volatility of portfolio relative to peers, benchmark and broad market is monitored.
                                         Fixed Income securities, Money Market Instruments and Derivatives risk mitigation.
                                         The scheme will minimize the risk associated with investment in Fixed Income securities, Money Market Instruments and Derivatives which involve Credit Risk, Illiquidity risk by investing in
                                         rated papers of the companies having the sound background, strong fundamentals, and quality of management and financial strength of the Company. Also the scheme will endeavor to
                                         invest in instruments with relatively higher liquidity and will actively trade on duration depending on interest rate scenario.
Plans and Options                        The Scheme will have no plans.
                                         The Scheme will have two options, viz., Growth and Dividend. Under the Dividend Option, there will be two sub-options, namely, Dividend Payout and Dividend Reinvest. Default option is
                                         the Growth option.
Applicable NAV ( after the scheme        Purchase: In respect of valid applications received up to 3 p.m. along with a local cheque or demand draft payable at par at the place where the application is received, Closing NAV of the
opens for repurchase and sale)           day of receipt of application.
                                         In respect of valid applications received after 3 p.m. along with a local cheque or demand draft, Closing NAV of the next business day.
                                         In respect of valid applications with outstation cheques/ demand drafts not payable at par at the place where the application is received, Closing NAV of the day on which the
                                         cheque or demand draft is credited.
                                         Redemption: Where the application is received up to 3 p.m. - Closing NAV of the day of receipt of application. Where the application is received after 3 p.m. - Closing NAV of the next
                                         business day.
Minimum Application Amount               Purchase : Rs. 5,000/- and in multiples of Re. 1/- thereafter
                                         Additional Purchase : Rs. 1,000/- and in multiples of Re. 1/- thereafter
                                         Repurchase : Any Amount
Despatch of Repurchase                   Redemption or repurchase proceeds shall be dispatched to Unit Holders within 10 working days from the date of redemption or repurchase.
(Redemption) Request
Benchmark Indices                        CNX 100*
Dividend Policy                          The Trustee reserves the right to declare dividends under the dividend option of the Scheme depending on the net distributable surplus available under the Scheme.
                                         The procedure and manner of payment of dividend shall be in line with SEBI circular/ guidelines no. SEBI/IMD/CIR No. 1/64057/06 dated April 04, 2006 and SEBI/IMD/
                                         CIR No. 3/65370/06 dated April 21, 2006 as amended from time to time.
BARODA PIONEER MUTUAL FUND

Name of Fund Manager                             Mr. Dipak Acharya - Fund Manager- Equity, Age : 42 years, Qualification : M. Com., AICWA, CAIIB.
                                                Mr. Dipak Acharya has over 20 years of experience in Fund Management, Banking and Treasury Management, Before joining the Baroda Pioneer Asset Management he was working with
                                                Bank of Baroda as Senior Manager and was on deputation to the BOB Asset Management Co. Ltd. as Fund Manager Equity. Prior to his deputation Mr. Acharya has worked for 10 years in
                                                the Treasury Dept and in the Credit Department of the Bank of Baroda.
                                                Presently, Mr. Acharya is the Fund Manager of Baroda Pioneer ELSS’96, Baroda Pioneer Growth Fund and Baroda Pioneer Balance Fund.

Name of Trustee Company                         Not Applicable.
                                                The Board of Trustees is the Trustee of Baroda Pioneer Mutual Fund.
Performance of the Scheme                       This is a new Scheme and does not have any performance track record.
Expenses of The Scheme                          A. NEW FUND OFFER (NFO) EXPENCESS :
                                                     Pursuant to SEBI Circular No. SEBI/IMD/ CIR No. 1/64057/06 dated April 4, 2006, the New Fund Offer expenses will not be charged to the scheme.
                                                     The expenses incurred during the NFO are mainly for the purpose of various activities related to the NFO including but not limited to sales and distribution fees, marketing and
                                                     advertising, registrar expenses, printing and stationary and bank charges. These expenses will be borne by the AMC.
                                                B. Load Structure for New Fund Offer and Continuous Offer
                                                     Pursuant to SEBI Circular no. SEBI/IMD/CIR No. 4/168230/09 dated June 30 2009 no entry load will be charged by the Scheme to investor. Similarly, no entry load will be charged with
                                                     respect to applications for regisrations under Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP) accepted by the mutual fund under the scheme.
                                                     Upfront commission shall be paid directely by the investor to the ARN holders (AMFI registered distributors) based on the investors’ assessment of various factors including the
                                                     services rendered by the ARN holder.
                                                     Exit Load: 1.00% if redeemed on or before 365 days from the date of allotment of units
                                                     NIL, if redeemed after 365 days from the date of allotment of units
                                                C. Recurring Expenses
                                                     The recurring expenses of the scheme (including the investment management and advisory fees) shall be as per the limit prescribed under the SEBI (Mutual Fund) Regulations, 1996.
                                                     These are as follows,
                                                     i)   2.50% on the first Rs. 100 Crore of average weekly net assets.                 ii) 2.25% on the next Rs. 300 Crore of average weekly net assets.
                                                     iii) 2.00% on the next Rs. 300 Crore of average weekly net assets.                  iv) 1.75% on the balance of the average weekly net assets.
                                                     Actual expenses for the previous year:
                                                     Not Applicable, it’s a new Scheme.

Waiver of Load For Direct                       Not Applicable
Application                                     Pursuant to SEBI Circular no. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to investor. Similarly, no entry load will be charged
                                                with respect to applications for registrations under Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP) accepted by the mutual fund under the scheme.
Tax Treatment For The Investors                 Investor are advised to refer to the paragraph on Taxation in the Statement of Additional Information and also consult to their own tax advisor with respect to the specific amount of tax
( Unitholders)                                  implications arising out of their participation in the scheme.
Daily Net Asset Value (NAV)                     The NAV will be calculated and declared by the mutual fund on each working day. NAV will be published in 2 newspapers as prescribed under SEBI (Mutual Funds) Regulations, 1996. NAV
Publication:                                    can also be viewed on www.barodapioneer.in and www.amfiindia.com
                                                The AMC shall update the NAVs on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 9 p.m.
For Investor Grievances                         Name and Address of Registrar                                                     Investor Relation Officer
Please Contact                                  Karvy Computershare (Pvt.) Ltd.                                                   Mr. Amitabh Ambastha
                                                Karvy House, 21, Avenue 4, Street No. 1,                                          501, Titanium, 5th Floor, Western Express Highway, Goregaon (E),
                                                Banjara Hills, Hyderabad - 500 034.                                               Mumbai - 400063. Tel.: +91 22 30741000. Email: info@barodapioneer.in
Unitholders Informations                        Account Statement
                                                •    The AMC shall issue to the investor whose application (other than SIP/STP) has been accepted, an account statement specifying the number of units allotted.
                                                •    Dispatch of Unit statement of account will be made within 30 business days from the date of allotment. However, it is the endeavour of the Fund to dispatch accounts statements within
                                                     10 Business Days from the date of allotment.
                                                •    For those Unit Holders who have provided an email address, the AMC will send the account statement by e-mail.
                                                •    Unit Holders may request for a physical account statement by writing to/ calling the AMC/ ISC/ R&T. If an investor specifically makes a request in writing for issue of a Unit
                                                     Certificate, the Unit Certificate shall be sent to the investor within 6 weeks of receipt of request as stipulated under the Regulations.
                                                •    Investors will be issued a Unit Statement of Account in lieu of Unit Certificate.
                                                Annual Account Statement:
                                                •    The Fund shall provide Account Statements to Unit Holders who have not transacted during the last six months prior to the date of generation of account statements. The Account
                                                     Statement shall reflect the latest closing balance and value of the Units prior to the date of generation of the account statement.
                                                •    The account statements in such cases may be generated and issued along with the Portfolio Statement or Annual Report of the Scheme.
                                                •    Alternately, soft copy of the account statements shall be mailed to the investors’ e-mail address, instead of physical statement, if so mandated.
                                                For SIP / STP transactions:
                                                •    Account Statements for SIPs and STPs will be despatched once every quarter ending March, June, September and December respectively, within 10 working days of the end of the
                                                     respective quarter.
                                                •    A soft copy of the Account Statement shall be mailed to the investors under SIP/ STP to their e-mail address on a monthly basis, if so mandated.
                                                •    However, the first Account Statement under SIP/ STP shall be issued within 10 working days of the initial investment/ transfer.
                                                •   In case of specific request received from investors, Mutual Funds shall provide the account statement (SIP/ STP) to the investors within 5 working days from the receipt of such request
                                                    without any charges.
                                                Half yearly Disclosures: Portfolio / Financial Results
                                                Baroda Pioneer Mutual Fund shall publish a complete statement of the Scheme portfolio and the unaudited financial results, within one month from the close of each half year (i.e.
                                                31st March and 30th September) by way of an advertisement at least in one National English Daily and One Regional Newspaper in the language of the region where the head office of the
                                                mutual fund is located.
                                                Annual Report
                                                The Fund will, not later than four months after the close of each financial year (March 31), mail to the Unit Holders an abridged Scheme wise annual report. Further, the full text of the Annual
                                                Report will be available for inspection at the office of the Fund. A copy of the Annual Report will be sent to Unit holders, free of cost, on specific request.
                                                Baroda Pioneer Infrastructure Fund is different from the existing equity schemes offered by the Baroda Pioneer Mutual Fund?
                                                The Baroda Pioneer Infrastructure Fund is a thematic fund different from our existing equity schemes Baroda Pioneer Growth Fund and Baroda Pioneer ELSS’96 which are equity
                                                diversified and equity linked saving scheme respectively. The Baroda Pioneer Growth Fund and Baroda Pioneer ELSS’96 are free to invest in equity & equity related instruments of any
                                                company without restriction of any sector, industry or market capitalisation. The fund collected under Baroda Pioneer ELSS’96 are predominantly invested in equity and equity related
                                                instruments in accordance with ELSS guideline issued by Ministry of Finance.
                                                The Baroda Pioneer Infrastructure Fund is a classical thematic fund that would predominantly invest in Equities & Equity Related Securities including derivatives issued by companies
                                                linked to Infrastructure sector in India. For the purpose of the scheme, "Infrastructure" has been defined as those sectors (as per AMFI classification) which are directly linked to the
                                                development and execution of Infrastructure in India. The scheme will endeavour to offer investors a core infrastructure portfolio which is different from the portfolio of the existing equity
                                                schemes offered by the Baroda Pioneer Mutual Fund.
                                                The investment objectives of the existing equity schemes as well as Baroda Pioneer Infrastructure Fund is as follows,
                                                Name of Scheme               Baroda Pioneer Growth Fund                           Baroda Pioneer ELSS’96                                          Baroda Pioneer Infrastructure Fund
                                                Investment Objective         To generate long term capital appreciation           The main objectives of the scheme is to provide the             The primary investment objective of the Scheme will be
                                                                             from an actively managed portfolio of equity         investor long term capital growth as also tax benefit           to generate long-term capital appreciation by investing
                                                                             & equity related instruments.                        under section 80C of the Income Tax Act, 1961.                  predominantly in equity and equity-related securities
                                                                                                                                                                                                  of companies engaged in infrastructure and
                                                                                                                                                                                                  infrastructure related sectors.
                                                Name of Scheme                                                     Types of Instruments                                                            Normal Allocation (% of Net Assets)
                                                Baroda Pioneer Growth Fund                                         Equity & Equity Related Securities                                              75-100
                                                                                                                   Debt & Money Market Instruments                                                 0-25
                                                Baroda Pioneer ELSS’ 96                                            Equity & Equity Related Securities                                              80-100
                                                                                                                   Debt & Money Market Instruments                                                 0-20
                                                Baroda Pioneer Infrastructure Fund                                 Equities and equity related securities including derivatives engaged            65-100
                                                                                                                   in infrastructure sectors and infrastructure related sectors
                                                                                                                   Debt and Money Market Instruments                                               0-35
                                                Name of Scheme                                                     Baroda Pioneer Growth Fund                                                      Baroda Pioneer ELSS’ 96
                                                Asset under management as on 10.04.2010 (Rs. in crore)             54.61                                                                           20.07
                                                No. of folios                                                      19282                                                                           8249


Date : April 10, 2010
N.B. Data and information shall be up-to-date but in no case older than 30 days from the date of KIM.
*Disclaimer for CNX 100 : The Scheme Baroda Pioneer Infrastructure Fund is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied, to
the owners of the Scheme or any member of the public regarding the advisability of investing in securities generally or in the Scheme particularly or the ability of the CNX 100 Index to track general stock market performance in India. The relationship of
IISL to the Issuer is only in respect of the licensing of certain trademarks and trade names of its Index which is determined, composed and calculated by IISL without regard to the Issuer or the Scheme. IISL does not have any obligation to take the
needs of the Issuer or the owners of the Scheme into consideration in determining, composing or calculating the CNX 100 Index. IISL is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Scheme
to be issued or in the determination or calculation of the equation by which the Scheme is to be converted into cash. IISL has no obligation or liability in connection with the administration, marketing or trading of the Scheme.
IISL do not guarantee the accuracy and/or the completeness of the CNX 100 Index or any data included therein and they shall have no liability for any errors, omissions, or interruptions therein. IISL does not make any warranty, express or implied, as
to results to be obtained by the Issuer, owners of The Scheme, or any other person or entity from the use of the CNX 100 Index or any data included therein. IISL makes no express or implied warranties, and expressly disclaim all warranties of
merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, IISL expressly disclaim any and all liability for any damages or losses arising out of or related to the
Scheme, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.”
Application Form for Baroda Pioneer Infrastructure Fund
(An Open Ended Equity Scheme)
NFO Period : 3 May, 2010 to 31 May, 2010




                                ARN - 25682




                                              BARODA PIONEER INFRASTRUCTURE FUND
 Baroda Pioneer Mutual Fund shall credit the redemption / Dividend / Refund payout into investor’s account electronically in case the IFSC Code / MICR code has been provided by
 the investor. In case of bank not crediting my/our bank account with/without assigning any reason thereof or if the transaction is delayed or not effected at all for reasons of
 incomplete or incorrect information, I/We would not hold Baroda Pioneer Mutual Fund responsible. I/ We understand that in case account number furnished by me/us, if found
 incorrect, I/We would not hold Baroda Pioneer Mutual Fund responsible for the credit going to the wrong account. Further, the Mutual Fund reserves the right to issue a demand
 draft/payable at par cheque in case it is not possible to make payment by DC/NEFT/ECS. If however you wish to receive payouts by cheque, please tick here




                         Baroda Pioneer Infrastructure Fund
             (Please tick any one)            Growth            Dividend Payout                 Dividend Reinvest




 a) I/We having read & understood the contents of the Scheme Information Document (SID) / Statement of Additional Information (SAI) of the Scheme, I/We hereby apply for units of the
 scheme & agree to abide by the terms, conditions, rules & regulations governing the scheme. I / We hereby declare that the amount invested in the scheme is through legitimate sources
 only & does not involve & is not designed for the purpose of the contravention of any Act, Rules, Regulations, Notifications or Directions of the provisions of the Income Tax Act, Anti
 Money Regulations, Notifications or Directions of the provisions of the Income Tax Act, Anti Money Laundering Laws, Anti Corruption Laws or any other applicable laws enacted by the
 Govt of India from time to time. I / We have understood the details of the scheme In the event “Know Your Customer” process not completed by me/us to the satisfaction of the AMC,
 I/We hereby authorise the AMC, to redeem the funds invested in the Scheme, in favour of the applicant at the applicable NAV prevailing on the date of such redemption & undertaking
 such other action with such funds that may be required by the Law. b) For NRIs: I / We confirm that I am / we are Non Residents of Indian Nationality / Origin & that I / we have remitted
 funds form abroad through approved banking channels or from funds in my / our Non-Resident External / Non-Resident Ordinary. I / We confirm that details provided by me / us are true
 and correct. I / We confirm that I / we are holding valid PAN card. c) The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode),
 payable to him for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us.




Ahmedabad : 201, Shail Building, Opp. Madhusudhan House, Nr. Navrangpura Telephone Exchange, Navrangpura, Ahmedabad - 380006. Ph: 079-26402967 (D), 26400527/ 26400528, Fax: 079-26565551. • Bangalore : No. 51/25, 1st Floor, Surya
Building, Ratna Avenue, Richmond Road, Bangalore - 560025. Ph: 080-32008452 (D), 25320085, Fax: 080-25320086. • Baroda : Piccadilly, Office # 5, First Floor, Opp. Adani Super Market, Jetalpur Road, Vadodara - 390007. Ph: 0265-6640873 (D),
6640870/ 71/ 72/ 73/ 74. • Bhopal : Kay Kay Busniss Centre, 133 Zone I, M P Nagar, Bhopal - 462021. Ph: 0755-4092706/ 08/ 09. • Chandigarh : Sco 371-372, First Floor, Above HDFC Bank, Sector 35B, Chandigarh - 160022. Ph: 0172-5071725 (D),
5071726/ 27/ 28, Fax: 0172-5071726. • Chennai : Flat No. F11, First Floor, Akshya Plaza (Erstwhile Harris Road), Opp. Chief City Metropolitan Court, # 108, Adhithanar Salai, Egmore, Chennai - 600002. Ph: 044 - 42028512 (D), 42028513/ 28587772/
28587781, Fax: 044 - 42028514. • Cochin : Room No. 2, IInd Floor, Jewel Arcade (Above Oriental Insurance Ltd.), Layam Road, Cochin - 682011. Ph: 0484-4027672/ 4011885/ 4027671 (D), 4010273. • Coimbatore : 29/1, Ist Floor, Chinthamani
Nagar, Opp. to Indian Overseas Bank, NSR Road, Saibaba Colony, Coimbatore - 641011. Ph: 0422-4384770 (D), Fax: 0422-4384770. • Hyderabad : 8-2-596 Karvy Plaza, Avenue 4, Street No. 1, Banjara Hills, Hyderabad - 500034. Ph: 040-23312454.
• Jaipur : S-16 A, 3rd Floor, Land Mark, Opp. Jaipur Club, Mahavir Marg, C-Scheme, Jaipur - 302001. Ph: 0141-2375039/ 2363321/ 2375039, Fax: 0141-2378703. • Kanpur : 15/46, Opp. Muir Mills, Civil Lines, Kanpur - 208001. Ph: 0512-3209782/
3246390 (D), Fax: 0512-2330127. • Kolkata : 16, Jatin Bagchi Road, Kolkata - 700029. Ph: 033-24659297/ 39518643/ 24635432 (D), 24659263/ 24659267, Fax: 033-24635432. • Lucknow : Usha Sadan, 24, Prem Nagar, Ashok Marg, Lucknow -
226001. Ph: 0522-3213115 (D), 2236819/ 2236820/ 28, Fax: 0522-2236826. • Mumbai : DAS Chambers, Ground Floor, Opp. BSE & Next to Corporation Bank, Dalal Street, Fort, Mumbai - 400023. Ph: 022-66235353 (D), Fax: 022-66341966.
• New Delhi : 2E / 23, Jhandewalan Extn., New Delhi - 110055. Ph: 011-43681700 (D), Fax: 011-43681710. • Patna : 3A, 3rd Floor, Anand Tower, Beside Chankya Cinema Hall, Exhibition Road, Patna - 800001. Ph: 0612-6453098 (D), 2321354/
2321356. • Pune : Srinath Plaza, C Wing, Office No. 58 & 59, 3rd Floor, Dyaneshwar Paduka Chowk, Survy No. 184/4, F C Road, Pune - 411004. Ph: 020-25533795/ 25532783/ 25533592 (D), 25539957, Fax: 020-25533742. • Surat : G-16, Empire
State Building, Nr. Udhna Darwaja, Ring Road, Surat - 395009. Ph: 0261-3017158/ 3237924 (D), 3042170. • Varanasi : D-64/132, KA, 1st Floor, Anant Complex, Sigra, Varanasi - 221010. Ph: 0542-3204893/ 2223814/ 2225365 (D), 2227259/ 3206494.
INSTRUCTIONS TO INVESTORS FOR FILLING UP THE APPLICATION FORM
I. General Instructions:
    1. Please read the Key Information Memorandum (KIM), Scheme Information Document (SID) and Statement of Additional Information (SAI) containing the terms of offer carefully
       before investing. It must be understood clearly that all Applicants are deemed to have accepted the terms subject to which this offer is being made and bind themselves to the
       terms upon signing the Application Form and tendering payment.
    2. The application form must be filled in English in BLOCK LETTER using black or dark blue coloured ink. Incomplete applications are liable to be rejected. Please ensure that the
       requisite details and documents have been provided.
    3. Please strike out any section that is not applicable. Correction/Cancellation on any of the mandatory information should be countersigned by the investors.
II. Applicant Information
    1. Name should be given in full without any abbreviation. Preferably write exactly as it appears in your Bank Account or as it appears in the incorporation document as the case
       may be.
    2. Name and date of birth of the minor is mandatory for investment on behalf of minor.
    3. Please write the Applicant’s Name & Application Serial Number on the reverse of the Cheque/Demand Draft.
     4. Please mention the Pin Code Number in the Address column. In case the Pin Code is not mentioned all the correspondence will be sent by ordinary post.
     5. All communication and/or payments will be made to the sole/first applicant.
     6. Signatures should be in English or in any Indian language, thumb impressions must be attested by a Magistrate/ Notary Public under his/her official seal. In case of HUF, the
           Karta should sign on behalf of the HUF. In case of Partnership Firms, the Partner should sign on behalf of the Partnership Firm. Similarly, for the Association of Persons (AoP),
           Company, etc. the application must be signed by the Authorised Signatory/Signatories as applicable.
     7. Individual(s) as Applicant/unit holder only can make nomination. Nominee must be an individual and not a trust, society, body corporate, partnership firm, Karta of Hindu
           Undivided Family or a power of Attorney Holder. Nomination stands rescinded upon transfer/ Redemption/ Switchover of Units.
     8. Where the units are held in the names of two or three persons, such persons shall be deemed to hold the units on first holder basis. In case of HUF/Partnership
           Firm/AoP/Company, etc. no joint holding will be considered. All tax exemptions can be availed of only by the First holder in case of additional holdings.
     9. In case of applications under Power of Attorney or by a Limited Company or by a Corporate Body or Eligible Institution or a Registered Society or a Trust or a Fund the original
           Power of Attorney or the certified copy thereof duly notarised and the relevant resolution or authority to make the application, as the case may be including authority granted in
           favour of the officials signing the application and their specimen signature etc., or duly certified copy thereof alongwith a certified copy of the Memorandum and Articles of
           Association and/or bye-laws and/or trust deed and/or partnership deed and certificate of registration must be lodged at the office of the Registrar, quoting the serial number of
           application simultaneously with the submission of the Application Form, failing which the application is liable to be rejected.
     10. Any applications without broker code will be treated as Direct Investments.
III. Bank Account Details:
     SEBI regulation have made it mandatory for the Unitholders to mention their bank account numbers in their purchase applications/requests for redemptions. Unitholders are
     requested to give the full particulars of their Bank A/c i.e. nature of A/c, A/c Number, 9 digit Bank Code Number (For Electronic Credit Facility), branch address of the bank at the
     appropriate space in the application form. Please provide the MICR code / IFSC code to help you in future for ECS / NEFT credit of dividend & redemption payout. Please attach a
     copy of the cancelled cheque leaf.
     Any application for subscription / request for redemption without Bank A/c details cannot be considered for subscription and hence will be rejected.
IV. Permanent Account Number (PAN) of Investors
     SEBI has made it mandatory for all applicants (in the case of application in joint names, each of the applicants) to mention his/her permanent account number (PAN) irrespective of
     the amount of purchase*. Where the applicant is a minor, and does not possess his / her own PAN, he / she shall quote the PAN of his/ her father or mother or the guardian, as the
     case may be. In order to verify that the PAN of the applicants (in case of application in joint names, each of the applicants) has been duly and correctly quoted therein, the
     applicants shall attach along with the purchase* application, a photocopy of the PAN card duly self-certified along with the original PAN Card. The original PAN Card will be
     returned immediately across the counter after verification. Investors residing in the state of Sikkim are exempt from the mandatory requirement of PAN proof for submission,
     however sufficient documentary evidence shall have to be submitted for verifying that they are resident of the state of Sikkim.
     Prevention of Money Laundering & Know Your Customer (KYC) Compliance
     In terms of the Prevention of Money Laundering Act, 2002, the Rules issued thereunder and the guidelines/circulars issued by SEBI regarding the Anti Money Laundering (AML
     Laws), all intermediaries, including Mutual Funds have to formulate and implement a client identification programme, verify and maintain the record of identity and address(es) of
     investors.
     In order to make the data capture and document submission easy and convenient for the investors, Mutual Fund Industry has collectively entrusted the responsibility of collection
     of documents relating to identity and address of the investor(s) to an independent agency [presently CDSL Ventures Limited (“CVL”)] which will act as central record keeping
     agency (‘Central Agency’). As a token of having verified the identity and address of the investor(s) and for efficient retrieval of records, the Central Agency will issue a KYC
     Acknowledgement Letter (previously known as Mutual Fund Identification Number - MIN^ Allotment Letter) to each investor who submits an application and the prescribed
     documents to the Central Agency.
     Investors should note that it is mandatory for all applications for subscription of value of Rs. 50,000/- and above to quote the KYC Compliance Status of each applicant (guardian,
     in case of minor) in the application for subscription and attach proof of KYC Compliance viz. KYC Acknowledgement Letter (or the erstwhile Mutual Fund Identification Number^
     (MIN) Allotment Letter) / Printout of KYC Compliance Status downloaded from CVL website (www.cvlindia.com) using the PAN Number. Applicants intending to apply for units
     through a Power of Attorney (PoA) must ensure that the issuer of the PoA and the holder of the PoA must mention their KYC Compliance Status and attach proof of KYC
     Compliance at the time of investment above the threshold.
     The KYC status will be validated with the records of the Central Agency before allotting units. Baroda Pioneer Mutual Fund will not be held responsible and /or liable for rejection of
     KYC Form, if any, by the Central Agency. Applications for subscriptions of value of Rs. 50,000 and above without a valid KYC compliance may be rejected. Provided further, where
     it is not possible to verify the KYC compliance status of the investor at the time of allotment of units, the Trustee / AMC shall verify the KYC compliance status of the investor within
     a reasonable time after the allotment of units. In the event of non compliance of KYC requirements, the Trustee / AMC reserves the right to freeze the folio of the investor(s) and
     affect mandatory redemption of unit holdings of the investors at the applicable NAV, subject to payment of exit load, if any.
     ^Valid only where investors who have already obtained the erstwhile Mutual Fund Identification Number (MIN) by submitting the PAN copy as the proof of identity.
     SEBI has made it mandatory for all applicants (in the case of application in joint names, each of the applicants) to mention his/her Permanent Account Number (PAN) irrespective of the
     amount of purchase*. Where the applicant is a minor, and does not possess his/ her own PAN, he/ she shall quote the PAN of his/ her father or mother or the guardian, as the case may
     be.
     In order to verify that the PAN of the applicants (in case of application in joint names, each of the applicants) has been duly & correctly quoted therein, the applicants shall attach
     along with the purchase* application, a photocopy of the PAN card duly attested by the distributor / agent (AMFI registered) through whom the application is effected or by Bank
     Manager or Notary or Investor Service Centres of BARODA PIONEER MUTUAL FUND or ISCs of KARVY. Attestation will be done after verification with the original PAN card.
     *includes fresh/additional purchase, Systematic Investment.
     Applications not complying with the above requirement may not be accepted/processed. Additionally, in the event of any application form being subsequently rejected for
     mismatch of applicant's PAN details with the details on the website of the Income Tax Department, the investment transaction will be cancelled & the amount may be redeemed at
     the applicable NAV, subject to payment of exit load, if any, Please contact any of the Investor Service Centres / KARVY / Distributors or visit our website www.barodapioneer.in for
     further details. If PAN already validated along with MIN, please don’t attach any proof.
V. Payment Procedure
    1. Payment may be made by MICR cheque/DD drawn on/ made payable at all those places where the Investor Service Centres are located and mail to the nearest ISC.
       THE CHEQUE/DD MUST BE DRAWN IN THE NAME OF THE SCHEME and crossed “ACCOUNT PAYEE & NOT NEGOTIABLE”.
   2. Investment of Rs. 50 lacs and above can only be made through ELECTRONIC FUND TRANSFER.
   3. Incase of subscription by NRIs/FIIs, in case the payment is made through Indian Rupee draft purchased abroad or from FCNR or NRE A/c, an Account Debit Certificate from
      the bank issuing the draft, confirming the debit should be submitted. For subscription made by NRE/FCNR account cheques, the application forms must be accompanied with
      a photocopy of the cheque or Account Debit letter/Certificate from the banker.
      Applicants who cannot Invest:
      • Any individual who is a Foreign national or any other entity that is not an Indian resident under the Foreign Exchange Management Act, 1999, except where registered with
          SEBI as a FII or FII sub account.
      • Overseas Corporate Bodies (OCBs) shall not be allowed to invest in the scheme. These would be firms & societies which are held directly or indirectly but ultimately to the
          extent of atleast 60% by NRI’s & trusts in which atleast 60% of the beneficial interest is similarly held irrevocably by such persons (OCBs).
      • Non-Resident Indians residing in the United States of America & Canada.
   4. Subscription by Multilateral Funding Agencies, on full repatriation basis, is subject to approval by the Foreign Investment Promotion Board.
                                                                                                                                                                                      (Contd.)

				
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Description: Download Application Form of Baroda Pioneer Infrastructure Mutual Fund. NFO closing on 31st May, 2010
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