| Baroda Pioneer Treasury Advantage Fund |
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Baroda Pioneer Treasury Advantage Fund is an open-ended debt fund that seeks to
provide a high degree of safety and liquidity while generating reasonable
returns, by investing in a portfolio of a range of money market and short term
debt instruments. With investments in debt and money market instruments, even
as risk of capital erosion is minimized, investments in this fund provides more
opportunities for tax benefits.
The fund will re-open for subscription from 29th June 2009
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| Investment strategy of Baroda Pioneer Treasury Advantage Fund |
 The Fund will follow an investment
strategy that will attempt to minimise the credit risk, interest rate risk and liquidity risk.
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| The salient features of this investment
strategy are:
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At least 80% exposure to AAA/P1+(or equivalent) rated corporate or sovereign
papers.
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Average maturity would be maintained in the range of 4 months to 10 months with
maximum exposure to liquid bank CDs and CPs/Debt papers of Public
institutions.
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Minimum allocation of 65% to money market and debt instrument
having average maturity less than one year.
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Nil exposure to real estate companies and selected exposure to good credit
quality NBFCs.
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Active management of the portfolio of Bank CDs and Debt papers to gain from
interest rate movements.
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Exposure to good credit quality manufacturing companies and NBFCs to enhance
the yield of portfolio.
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