Baroda Mutual Fund
In the year 2008, Pioneer Global Asset Management (PGAM) acquired almost 51% stake in the AMC which was re-named as ‘Baroda Pioneer Asset Management Company Limited’, and PGAM became a co-sponsor of the mutual funds. Being a reliable sponsor for almost 10 years, Pioneer Investments merged with another AMC, thus making Bank of Baroda the sole sponsor for mutual funds.
Baroda Asset Management India Limited (BAML) is a wholly-owned subsidiary of Bank of Baroda. Baroda Asset Management India Limited (which is an AMC), investment manager to Bank of Baroda (Mutual Fund) is a positioned to serve the various asset management needs of investors through a wide range of debt, equity, and money market offerings.