<SEC-DOCUMENT>0001193125-21-020280-index.html : 20210128
<SEC-HEADER>0001193125-21-020280.hdr.sgml : 20210128
<ACCEPTANCE-DATETIME>20210128113159
ACCESSION NUMBER:		0001193125-21-020280
CONFORMED SUBMISSION TYPE:	497K
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20210128
DATE AS OF CHANGE:		20210128
EFFECTIVENESS DATE:		20210128

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)
		CENTRAL INDEX KEY:			0000810902
		IRS NUMBER:				136891420
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		497K
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-12112
		FILM NUMBER:		21563129

	BUSINESS ADDRESS:	
		STREET 1:		767 FIFTH AVE
		STREET 2:		49TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10153
		BUSINESS PHONE:		2125832000

	MAIL ADDRESS:	
		STREET 1:		767 FIFTH AVE
		STREET 2:		49TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10153

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BARON ASSET FUND
		DATE OF NAME CHANGE:	19920703
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000810902
<SERIES-ID>S000042178
<SERIES-NAME>BARON DISCOVERY FUND
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000130959
<CLASS-CONTRACT-NAME>BARON DISCOVERY FUND
<CLASS-CONTRACT-TICKER-SYMBOL>BDFFX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000130960
<CLASS-CONTRACT-NAME>Institutional Shares
<CLASS-CONTRACT-TICKER-SYMBOL>BDFIX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000174754
<CLASS-CONTRACT-NAME>R6 Shares
<CLASS-CONTRACT-TICKER-SYMBOL>BDFUX
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>497K
<SEQUENCE>1
<FILENAME>d60946d497k.htm
<DESCRIPTION>BARON DISCOVERY FUND
<TEXT>
Document 1 - file: d60946d497k.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g60946g04p98.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 2 - file: g60946g04p98.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g60946g43e21.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 3 - file: g60946g43e21.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g60946g72s36.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 4 - file: g60946g72s36.jpg

</DOCUMENT>
</SEC-DOCUMENT>