NOTE ON (1) CHANGE IN CONTROL OF BNP PARIBAS ASSET MANAGEMENT INDIA PRIVATE LIMITED (“BNPP AMC”) THE ASSET MANAGEMENT COMPANY OF BNP PARIBAS MUTUAL FUND, (2) BARODA ASSET MANAGEMENT INDIA LIMITED (“BARODA AMC”), THE ASSET MANAGEMENT COMPANY OF BARODA MUTUAL FUND, (3) TRANSFER OF SCHEMES AND CHANGE OF TRUSTEESHIP, MANAGEMENT AND ADMINISTRATION OF THE SCHEMES OF BNP PARIBAS MUTUAL FUND TO BARODA MUTUAL FUND AND (4) OTHER RELATED CHANGES:

Pursuant to agreements entered into by and between BNP Paribas Asset Management Asia Limited (“BNPP Asia”), the sponsor of BNP Paribas Mutual Fund (“BNPP MF”); Bank of Baroda (“BOB”), the sponsor of Baroda Mutual Fund (“Baroda MF”); BNP Paribas Asset Management India Private Limited (“BNPP AMC”), the asset management company of BNPP MF; BNP Paribas Trustee India Private Limited (“BNPP TC”), the trustee company of BNPP MF; Baroda Asset Management India Limited (“Baroda AMC”), the asset management company of Baroda MF; and Baroda Trustee India Private Limited (“Baroda TC”), the trustee company of Baroda MF, under which, upon receipt of requisite regulatory approvals, including approval of the National Company Law Tribunal, Mumbai Bench (“NCLT”) to a composite scheme of amalgamation (“Composite Scheme”) under Sections 230 to 232 and other applicable provisions, if any, of the Companies Act, 2013, upon the Composite Scheme being effective from March 14, 2022 (“Effective Date”), the following key changes/events have come into effect :

(a) amalgamation of Baroda AMC into BNPP AMC, with BNPP AMC continuing to be the surviving asset management company (the “Surviving AMC”) with BNPP Asia and BOB as the shareholders of the equity share capital of the Surviving AMC.
(b) amalgamation of BNPP TC into Baroda TC, with Baroda TC continuing to be the surviving trustee company (the “Surviving TC”) with BNPP Asia and BOB as the shareholders of the equity share capital of the Surviving TC.
(c) handover of trusteeship, and transfer of right to administer and manage all the schemes of the BNPP MF (“BNPP Schemes”) to Baroda MF (“Surviving MF”), including merger of schemes of BNPP MF and Baroda MF.
((a), (b) and (c) collectively referred to as “Transaction”).

Further, pursuant to the above Transactions, on and from the Effective Date of March 14, 2022:

1. BNPP TC has ceased to exist and merged into Baroda TC (the Surviving TC), and therefore ceased to act as the trustee of the BNPP Schemes. BNPP TC has relinquished their rights, role, responsibilities, authority and functions as the trustee of the BNPP Schemes and handed over the trusteeship of the BNPP Schemes (including the assets, liabilities of the BNPP Schemes, the unclaimed dividends, unclaimed redemptions, outstanding borrowings, if any, the load balances, if any, any balance in the investor education fund and all records relating thereto) to Baroda TC. In accordance with the approval from SEBI, the provisions of the MF Regulations and other regulatory and contractual formalities, the Surviving TC has become the trustee to the BNPP Schemes which are transferred to the Surviving MF, and have assumed the role, responsibility, authority and functions of the trustee to the BNPP Schemes and unitholders should be confident that the BNPP Schemes will at all times be managed in the best interests of all unitholders.

2. Baroda AMC has ceased to exist and merged into BNPP AMC (the Surviving AMC), and has therefore transferred its rights to operate, administrate and manage the Baroda Schemes to BNPP AMC, the Surviving AMC of the Surviving MF. In accordance with the approval from SEBI, the MF Regulations and other regulatory and contractual formalities as may be applicable, the Surviving AMC has, acquired the right to operate, administrate and manage the Baroda Schemes and the BNPP Schemes which are transferred to the Surviving MF, and has assumed the rights, obligations, role, functions, responsibilities and duties (including obligations relating to investor grievances in respect of all such schemes) as the asset management company of the Surviving MF.

3. To enable the Surviving AMC to assume the right to operate, administrate and manage the Baroda Schemes and the BNPP Schemes transferred to the Surviving MF, a fresh Investment Management Agreement dated March 14, 2022 has been entered into by and between the Surviving TC and Surviving AMC in accordance with the MF Regulations.

4. The BNPP Schemes have become an integral part of the Surviving MF and the relevant BNPP Schemes are being governed in accordance with the trust deed of Surviving MF and fresh investment management agreement entered into by the Surviving TC and Surviving AMC and will continue to be governed by the MF Regulations, for the benefit of the unitholders of all the schemes of the Surviving MF.

5. As a consequence of the Transaction, BOB and BNPP Asia have become the Co-sponsors in respect of the Surviving MF which was renamed as ‘Baroda BNP Paribas Mutual Fund’, and Co-Sponsors have jointly assumed the co-sponsorship of all the schemes of Surviving MF. The Trust Deed of the Surviving MF has been amended by execution of Deed of Variation dated March 14, 2022 to include the name of BNPP Asia as the co-sponsor of the Surviving MF and such other regulatory changes as required.

6. BNPP AMC shall be renamed as ‘Baroda BNP Paribas Asset Management India Private Limited’ or such other name containing the word “Baroda BNP Paribas” as may be approved by the Registrar of Companies, Mumbai, Maharashtra. Baroda TC shall be renamed as ‘Baroda BNP Paribas Trustee India Private Limited’ or such other name containing the word “Baroda BNP Paribas” as may be approved by the Registrar of Companies, Mumbai, Maharashtra. Further Baroda MF has been renamed as “Baroda BNP Paribas Mutual Fund”, with the Surviving AMC acting as the asset management company of the Surviving MF and the Surviving TC acting as the trustee of the Surviving MF. The details pertaining to changes in names of Surviving AMC and Surviving TC shall be duly informed to the unitholders by issuing a notice-cum-addendum in this regard.

7. The expenses for, and directly related to, the aforesaid Transaction have not be charged to the BNPP Schemes or schemes of Surviving MF or borne by the unitholders of the BNPP Schemes or schemes of Surviving MF, in any manner whatsoever.

8. The following are the schemes of Surviving MF i.e Baroda BNP Paribas Mutual Fund effective March 14, 2022.

SR NO.	Name of the Scheme	‘Category’ as per SEBI circular dt. Oct 06, 2017
1	Baroda BNP Paribas Multi Cap Fund	Multi Cap Fund
2	Baroda BNP Paribas Banking and Financial Services Fund	Sectoral/ Thematic
3	Baroda BNP Paribas Equity Savings Fund	Equity Savings Fund
4	Baroda BNP Paribas Large and Mid-Cap Fund	Large & Mid Cap Fund
5	Baroda BNP Paribas Business Cycle Fund	Sectoral/ Thematic
6	Baroda BNP Paribas Balanced Advantage Fund	Dynamic Asset Allocation / Balanced Advantage
7	Baroda BNP Paribas ELSS Fund	ELSS
8	Baroda BNP Paribas Arbitrage Fund	Arbitrage Fund
9	Baroda BNP Paribas Aggressive Hybrid Fund	Aggressive Hybrid Fund
10	Baroda BNP Paribas Focused Fund	Focused Fund
11	Baroda BNP Paribas India Consumption Fund	Sectoral / Thematic
12	Baroda BNP Paribas Large Cap Fund	Large Cap Fund
13	Baroda BNP Paribas Mid Cap Fund	Mid Cap Fund
14	Baroda BNP Paribas Liquid Fund	Liquid Fund
15	Baroda BNP Paribas Short Duration Fund	Short Duration Fund
16	Baroda BNP Paribas Fixed Maturity Plan - Series P	N.A-Close ended Scheme
17	Baroda BNP Paribas Overnight Fund	Overnight Fund
18	Baroda BNP Paribas Banking & PSU Bond Fund	Banking & PSU Fund
19	Baroda BNP Paribas Credit Risk Fund (scheme has one segregated portfolio)	Credit Risk Fund
20	Baroda BNP Paribas Money Market Fund	Money Market fund
21	Baroda BNP Paribas Ultra Short Duration Fund	Ultra Short Duration Fund
22	Baroda BNP Paribas Gilt Fund	Gilt Fund
23	Baroda BNP Paribas Conservative Hybrid Fund	Conservative Hybrid Fund
24	Baroda BNP Paribas Dynamic Bond Fund	Dynamic Bond
25	Baroda BNP Paribas Low Duration Fund	Low Duration Fund
26	Baroda BNP Paribas Corporate Bond Fund	Corporate Bond Fund
27	Baroda BNP Paribas Medium Duration Fund (scheme has one segregated portfolio)	Medium Duration Fund
28	Baroda BNP Paribas Funds Aqua Fund of Fund	Fund of Funds (Overseas)

9. MERGER BETWEEN CERTAIN SCHEMES OF BNPP MF AND BARODA MF:

SR NO.	Scheme getting merged (“Transferor Scheme”)	Scheme with which Transferor Scheme is proposed to be merged (“Transferee Scheme”)	Scheme Category as per SEBI circular Oct 6, 2017 (For Transferee Scheme)	Proposed New Name for Transferee (Surviving) Scheme
A.	BNP Paribas Overnight Fund	Baroda Overnight Fund	Overnight Fund	Baroda BNP Paribas Overnight Fund
B.	BNP Paribas Liquid Fund	Baroda Liquid Fund	Liquid Fund	Baroda BNP Paribas Liquid Fund
C.	BNP Paribas Short Term Fund	Baroda Short Term Bond Fund	Short Duration Fund	Baroda BNP Paribas Short Duration Fund
D.	Baroda Dynamic Bond Fund	BNP Paribas Flexi Debt Fund	Dynamic Bond	Baroda BNP Paribas Dynamic Bond Fund
E.	Baroda Hybrid Equity Fund* and BNP ParibasDynamic Equity Fund	Baroda Dynamic Equity Fund	Dynamic Asset Allocation Fund / Balanced Advantage	Baroda BNP Paribas Balanced Advantage Fund
F.	Baroda Conservative Hybrid Fund	BNP Paribas Conservative Hybrid Fund	Conservative Hybrid Fund	Baroda BNP Paribas Conservative Hybrid Fund
G.	Baroda Treasury Advantage Fund^ (the scheme has one segregated portfolio)	BNP Paribas Medium Term Fund	Medium Duration Fund	Baroda BNP Paribas Medium Duration Fund (the scheme has one segregated portfolio)
H.	Baroda ELSS ’96 Fund	BNP Paribas Long Term Equity Fund	ELSS	Baroda BNP Paribas ELSS Fund
I.	BNP Paribas Multicap Fund	Baroda Multicap Fund	Multi cap Fund	Baroda BNP Paribas Multicap Fund
J.	Baroda Largecap Fund	BNP Paribas Largecap Fund	Large Cap	Baroda BNP Paribas Largecap Fund
K.	Baroda Midcap Fund	BNP Paribas Midcap Fund	Mid Cap	Baroda BNP Paribas Mid Cap Fund

*The scheme was an Aggressive Hybrid Fund category scheme as per SEBI circular Oct 06, 2017.

^The scheme was Low Duration Fund category scheme as per SEBI circular Oct 06, 2017.

For more details, investors may refer to our website at www.barodabnpparibasmf.in.

10. Investors are requested to note that BNP Paribas Asset Management India Private Limited has been renamed as “Baroda BNP Paribas Asset Management India Private Limited” with effect from April 11, 2022 and Baroda Trustee India Private Limited has been renamed as “Baroda BNP Paribas Trustee India Private Limited” with effect from March 29, 2022.