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Baroda Pioneer Short-term Bond Fund: Change in Asset Allocation


Baroda Pioneer Mutual Fund has announced a change in the asset allocation pattern of Baroda Pioneer Short-term Bond Fund from June 15, 2012. Now, the scheme may invest 65-100% in debt securities with a residual maturity of upto 24 months. The remaining may be invested in debt securities with a residual maturity of greater than 24 months & less than 60 months.

Presently, it invests 60-100% in debt securities with a residual maturity of 1-3 years and the rest in securities with less than 1 year of residual maturity.

Investors have been given an option to exit without paying any exit load between May 11, 2012 to June 10, 2012.