Peerless Mutual Fund launches Peerless Equity Fund

- Sep 07, 2011 - Peerless Mutual Fund today announced the launch of its first pure equity offering, “Peerless Equity Fund”, an open ended equity scheme.

Peerless Equity Fund is multi-cap diversified fund. The portfolio will have optimal blend of large, mid and small cap stocks based on prevailing macro-economic & socio-political environment, both domestically and globally.

Mr. Akshay Gupta, Managing Director and CEO said, “Indian equity markets have corrected significantly. Since peak in Jan 2008 the market has corrected more than 20%. The SENSEX P/E for FY 2012 on forward basis is estimated close to 14, which is way below its peak of around 25. We believe in terms of risk-reward ratio, reward is more favourable on longer a term basis. On the macroeconomic side, inflation has been key concern domestically, which is being tackled with hawkish monetary policy measures. Globally, sovereign debt situation, prevailing across US and Europe, has impacted the market adversely. We expect situation to stabilize over next 2-3 months. Therefore, retail investors should take opportunity of market correction and enter the equity assets class for long term out performance.”

The primary investment objective of the scheme is to generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of Equity & equity related securities diversified over various sectors. The scheme will allocate its 80% to 100% in equity and related instruments and 0% to 20% in debt and related instruments.

The scheme comes with two investment options – Growth (Default) and Dividend Option (pay out and Re-investment).

The issue price of the scheme is ` 10 each for cash during the New Fund Offer and continuous offer for Units at NAV based prices .The entry load charges are nil for the scheme but exit load will be 1% if redeemed before 1 year & nil on or after 1 year.  Minimum application amount is ` 1000 and in multiples of ` 1/ & additional ` 1. The scheme shall reopen for all the transactions within 5 days of allotment.

Retail Investor can obtain a choice of Systematic Investment Purchase

Systematic Investment Plan   Monthly   Quarterly   Half Yearly
Purchase Amount(Rs.)   500   1000   2000
Additional Purchase   Multiples of ` 100 thereafter   Multiples of ` 100 thereafter    Multiples of `100 thereafter


The fund is benchmarked against S&P CNX Nifty.

Fund is being managed by Mr.Kaushik Dani (Head of Equity). He has over 14 years of experience in Fund management and investments and related fields.


Notes to Editors:

About Peerless Mutual Fund

Peerless Mutual Fund is the one of the fastest growing fund house in India with asset under management of over $1 Billion. The company is sponsored by The Peerless General Finance and Investment Co Ltd, a diversified business group with mainstay in Financial Services. The Company has created its own presence in around 30 locations to start with having primary focus on Tier II and Tier III locations.












Risk Factors: All Mutual funds and securities investments are subject to market risks and there is no guarantee that the investment objective of the schemes will be achieved. The NAV of the units issued by the Mutual Fund under the schemes can go up or down depending on various factors and forces affecting securities markets. Past performance of the Sponsor or its affiliates/the AMC/the mutual fund or its schemes does not indicate the future performance of the schemes. The Sponsor is not liable or responsible for any loss or shortfall resulting from the operation of any of the mutual fund schemes launched by the AMC.  Peerless Equity Fund is only the name of the scheme and does not in any manner indicate either the quality of the scheme or its future prospects or returns Unit holders in the scheme are not being offered any guaranteed /assured returns.

Please refer to scheme information document for detailed scheme specific risk factors. Mutual Fund Investments are subject to market risk. Investors are advised to read the Scheme Information Document (SID) / Statement of Additional Information (SAI) / Key Information Memorandum (KIM) carefully before investing. The SID / SAI / KIM are available at the Investor Service Centers, AMC offices, distributors and the website of the mutual fund - www.peerlessmf.co.in.

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