Baroda Pioneer Asset Management Company Limited was formed as a wholly owned subsidiary of Bank of Baroda in 1995 with the key focus of managing the assets of Baroda Pioneer Mutual Fund.

Bank of Baroda entered into an agreement on 5 October, 2007 with Pioneer Investments (Pioneer Global Asset Management SpA), a global asset manager with 80 years of experience and assets under management of just under € 187.86 billion (as on September 30, 2008).

Consequent to the agreement and necessary regulatory approvals, Pioneer Investments has acquired a stake of 51% in Baroda Pioneer Asset Management Company. The Fund and the AMC are being renamed as Baroda Pioneer Mutual Fund and Baroda Pioneer Asset Management Company Limited.

Branch of Baroda Pioneer Mutual fund in Hyderabad: