Baroda BNP Paribas Asset Management

Funds managed

About

Baroda Asset Management, a wholly owned subsidiary of the listed Bank of Baroda, merged with BNP Paribas Asset Management, effective March 2022. Bank of Baroda, the parent company of Baroda AMC, will hold 50.1% stake in the combined entity, while BNP Paribas AMC, the asset management arm of BNP Paribas, a leading European bank, will hold the remaining. https://www.livemint.com/companies/news/baroda-amc-bnp-paribas-amc-merger-takes-effect-11647334227336.html

BNP Paribas Asia specializes in the Asian markets for investment funds management /advisory and discretionary mandates as a part of BNP Paribas Asset Management, the autonomous asset management business of the BNP Paribas Group.For more information, please see https://www.bnpparibas-am.hk/

Baroda Asset Management had previous formed a joint venture with Pioneer, starting in 2007 and exiting in 2013. The following media articles trace the history –

https://www.livemint.com/Money/eedWr9AotXkFmbVxYCcGkP/Pioneer-Group-Bank-of-Baroda-sign-deal-for-mutual-fund-JV.html

https://www.business-standard.com/article/finance/pioneer-buys-51-in-bob-arm-107100601010_1.html

https://economictimes.indiatimes.com/markets/stocks/news/bank-of-baroda-buys-partners-stake-in-mutual-fund-business/articleshow/62015960.cms?from=mdr

Key staff

Suresh Soni, the former CEO of Baroda Asset Management, has been appointed as the CEO of the merged entity.

Investment philosophy

The following charts were from the Baroda site –

Media

Bank of Baroda to merge mutual fund arm with BNP Paribas AMC, October 2019

https://www.livemint.com/mutual-fund/mf-news/bank-of-baroda-to-merge-mutual-fund-arm-with-bnp-paribas-amc-11570798537131.html

ET, May 2014

https://economictimes.indiatimes.com/opinion/interviews/time-to-stay-invested-in-market-sanjay-chawla-baroda-pioneer-amc/articleshow/34465399.cms

At Baroda Pioneer investment, philosophy hinges on a top-down and a bottom-up approach. The top-down approach is when you identify the key themes and the trends in the economy. The key theme that I believe will play out in the next couple of years would be the investment theme. By this I mean investment in the capital goods sector and the power sector, or maybe the railways. The investment cycle has to kick through and within that segment, we are looking at the entire value chain including manufacturing, construction and services. Those are the key themes that we are really looking at for investments in our funds.

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