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Baroda Pioneer MF Merges three of its Equity Schemes


Baroda Pioneer MF has announced the merger of Baroda Pioneer Diversified Fund and Baroda Pioneer Global Fund into Baroda Pioneer Growth Fund. The merger will be effective from October 30, 2009.

The investors under the schemes will have the option to redeem units at the applicable NAV without the payment of exit load. The option can be exercised during the period of 30 days starting from September 30, 2009 to October 30, 2009.

The investment objectives, asset allocation pattern, annual scheme recurring expenses and other features of Baroda Pioneer Growth Fund will remain unchanged after the merger. However, the benchmark index for the scheme will be changed from BSE Sensex to CNX 100.