factsheet - essel finance amc limited factsheet june, 2016 ... rbi policy: rbi announced its...
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1
FACTSHEET June, 2016
Kargil Vijay Diwas is celebrated on 26th July every year in honour of the Kargil War's Heroes. It is named after the success of Operation Vijay and marks the day in 1999 on which India successfully regained command of the high outposts which had been lost to Pakistani intruders. The Kargil War lasted more than 60 days and resulted in the loss of life on both sides, India and Pakistan. This day is celebrated in the Kargil – Dras sec-tor and the national capital New Delhi, where the Prime Minister of India, pays homage to the soldiers at Amar Jawan Jyoti at India Gate every year. Functions are also organ-ized all over the country to commemorate the contribution of our Armed Forces. Peerless family salutes all the brave soldiers who fought for the country and brought us this victory.
Table of Contents Fixed Income Market Commentary by Mr. Killol Pandya 3
Equity Market Commentary by Mr. Amit Nigam 5
Peerless Liquid Fund 6
Peerless Ultra Short Term Fund 7
Peerless Short Term Fund 8
Peerless Fixed Income Fund 9
Peerless Income Plus Fund 10
Peerless 3 in 1 Fund 11
Peerless Equity Fund 12
Peerless Mid Cap Fund 13
Peerless Long Term Advantage Fund 13
Funds at a Glance 14
Peerless Mutual Fund Offices & Product Labeling 15
3
Fixed Income Market Commentary for the month of June 2016
Inflation: CPI continued to harden and printed at 5.76% (Vs 5.39% last month). This was higher than market expectations. WPI infla-tion remained in the positive territory while hardening to +0.79% (Vs +0.34% last month). This too, was higher than market expecta-tions. The IIP print came in relatively weaker at – 0.86% (Vs +0.10% last month). These data points were seen by the markets to be indicating an extended pause in the reference rates as set by RBI. INR: The INR has seen relative depreciation on account of a glob-ally strengthening USD. It began the month at about 67.22 (Vs USD) and ended the month at about 67.525. Going ahead, the currency may exhibit volatility. FPIs flows and the global trajectory of the USD and other major currencies may cause volatility in the INR in the coming weeks. RBI policy: RBI announced its monetary policy on 7th June and its key takeaways were as under: Key takeaways:
RBI kept Repo, Reverse repo and CRR rates unchanged at
6.50%, 6.00% and 4.00% resp. MSF was also kept unchanged at 7.00%
RBI has kept the GDP target unchanged at 7.6% and the CPI
inflation target for FY17 unchanged at 5% as of now.
RBI noted that global economic environment remained weak
with major markets such as China, USA and Japan continuing to show weakness.
RBI noted that domestic indicators seemed to hint at a gradual
economic pick-up though it also noted that the economy showed slack in capacity utilization.
RBI noted that the inflation reading in recent times was higher
than previously expected and has raised concerns about the inflation trajectory in coming months.
RBI remained concerned about the uncertainties relating to
monsoons, global commodity prices and supply side manage-ment by the Government.
It also noted that many banks had stressed balance sheets
and that the investment cycle was yet to definitively pick up. On the systemic liquidity front, it noted that RBI had assisted the markets via OMOs and that Govt .spend too appeared to have increased thereby reducing the systemic cash negativity.
Views and Comments: RBI’s policy statement seems to be quite balanced and was more or less in line with market expectations. It has kept the GDP and inflation targets unchanged and underpinned its commitment to-wards balancing growth with a sustainably low inflation.
…..Continued on Pg 4
It has expressed concerns relating to inflation and inflation expec-tations. The major drivers of these concerns are the progress of monsoons, uptick in global commodity prices (esp. Crude oil) and easing of supply side constraints. However, it also noted that good monsoons, increased capacity utilization and effective supply man-agement by the Govt. can alleviate these concerns. RBI reiterated the need for a better transmission of monetary pol-icy actions.RBI expects domestic demand to pick up on the back of good monsoons as well as implementation of 7th pay commission, OROP etc. which bodes well for the outlook on our economy.
It has elucidated in some detail, its plans for Liquidity management and reiterated its intention of moving towards a neutral long term liquidity situation in the coming quarters. Overall, RBIs policy tenor can be termed as Neural. It’s a wait and watch policy is adroit in the context of major upcoming events such as FOMC meetings (and the possibility of a Fed hike), the fallout of the UK referendum and the realization of the progress of this year’s monsoons. We may expect a status quo on the domestic rates front till at least the next policy on 9th August. Brexit: UK held its long awaited referendum about remaining in or exiting the European Union. In a closely contested poll, UK voted to exit the EU and thereby chose the so called ‘Brexit” option. It led to a somewhat knee-jerk reaction from the markets across the globe and we saw significant volatility in bond prices and cur-rencies as well. However, the effect appears to have been short lived, with our bond prices resuming their pre-Brexit levels within a few trading sessions. From our perspective, while Brexit has sig-nificant political and Euro-trade related ramifications, its impact on India is limited and its long term influence on our bond markets seems to be negligible.
Mr. Killol Pandya (Head– Fixed Income)
Liquidity :Market liquidity saw relative eas-ing during June though it remained nega-tive per se for most of the month and over-night rates remained volatile with CBLO rates ranging from about 4.00% to about 7.00%. We did see, however, a seasonal tightening towards the end of the month on account of Quarter ending. Going forward, we expect the market liquidity situation to continue to ease and expect RBI to con-tinue taking steps to assist liquidity through OMOs and other allied instruments.
FCNR repayment: A more important development for our bond markets is the FCNR deposit repayment. A lot of discus-sion has been centered on the maturity of the FCNR deposits. Basically, these are Special NRI deposits of about USD 25bn issued during the "taper tantrum" which start maturing from September 2016. Of this, USD 20 billion is likely to be re-deemed, causing dollar outflows and affecting domestic liquid-ity. The major concerns are related to the possibility of significant dollar outflows and the resultant shortage of dollars could result in rupee and/or dollar liquidity tightness. That would raise con-cern about potential risk of currency depreciation and tighter domestic liquidity conditions. A rational look at the matter however, reveals that the outflow is expected to be limited to the leveraged portion of the deposits which may not be renewed. The RBI has already built up net dollar purchases in the forward market worth USD 29bn to cover any possible shortage in dollars. However, there could be possible dollar shortage if exporters roll over their dollar con-tracts.
4
Fixed Income Market Commentary for the month of June 2016
We hold that RBI is well placed to ensure there is no significant or long term upset in domestic markets. However, we may ex-pect some short term volatility. Back of the envelope estimates tell us that there is likely to be short term liquidity tightness to the tune of an additional Rs. 50,000 crs to Rs 70,000 crs. For a short period , we may therefore, see the overnight rates move up by about 30 to 40 bps (in our estimate) and also see some tightening in Money market instruments. However, we expect the impact to be contained and a short term one in nature. Overall, we believe that the FCNR repayments shall have a limited impact on dollar and rupee liquidity. If needed, RBI can also resort to additional measures such as OMO purchases and additional reserve buildup in the run-up to September. Interest rates & Outlook: CPI and WPI data print were higher than market expectations. IIP numbers have been patchy but a persistently weak reading in IIP numbers may hint at a plateauing in the economy in the coming quarters. As of now, our Monsoons seem to be progressing well and there is reason to believe that we may see normal monsoons this year. Money market instruments saw a mild softening in yields mainly on account of relatively better market liquidity. Some sea-sonal tightening was seen towards the end of the month, though the levels remained relatively easy for most part of the month. We saw Gilt securities remain rangebound with a mild softening bias and the benchmark 10 year paper (7.59% GS 2026) started the month at about 7.47% and ended the month at about 7.44%. Corporate bonds yields also saw some softening in yields on the back of relatively poor volumes. In the context of Brexit, it is unlikely that we shall see a Fed hike in the immediate future. The unfolding of the Monsoons over the sub-continent shall dominate the attention of market participants. Overall, we retain the outlook of the policy tenor having accommodative undertones. Market participants shall also watch Inflation (CPI, WPI) and growth (IIP) data along with global indicators such as commodities, crude oil prices, US and Chinese economic data points and INR movements. We retain our positive outlook for the domestic economy and in the context of a world-wide slowdown, domestic market partici-pants may do well to have a positive outlook for domestic bond markets in the coming quarters. Going forward, we expect the benchmark 10 year to trade in the range of 7.40% to 7.60% at current reference rate levels. We reiterate our view on domestic rates to be positive with a medium term perspective. Data Source - Reuters, Bloomberg, RBI, Internal
5
Equity Market Commentary for the month of June 2016
Domestic Macro Data: In the month of April, IIP contracted by 0.8% YoY, compared to 0.1% expansion in March. On the manufacturing front, it contracted by 3.1% compared to a contraction of 1% in March. Within manu-facturing, capital goods contracted by 24.9% compared to a con-traction of 15.4% in March. Mining was positive with a growth of 1.4% (compared to 0.3% in March), electricity (14.6% expansion compared to 11.8% in March) continues to do well. Consumer goods continued with a tepid performance led primarily by non-durables. IIP non-durables contracted for sixth consecutive month, perhaps reflecting poor rural sentiments. India WPI inflation in May came in at 0.79%, compared to 0.3% last month and continued to remain in the positive territory after finally turning positive in April after marking 17 straight months of negative print. CPI for May came in at 5.8% versus 5.5% in April. This is the second consecutive month of higher headline CPI and is being entirely led by food inflation. The food inflation at 7.2% inched higher compared to last month (April – 6.3%) owing to higher vegetable, milk and sugar prices. Core CPI of 4.7%, moved down 30 bps compared to last month. India’s trade deficit for May came in at USD 6.3 billion, marginally higher than the last 2 months average of USD 5 billion. The Higher trade deficit was primarily due to seasonal factors. Exports at USD 22.2 billion (April – USD 20.6 billion) was flat on YoY basis. This is a sharp improvement on the 22% drop reported in Nov 2015. The encouraging fact is that demand sensitive exports like engineering goods, readymade garments, papers, etc seems to have turned around the corner. Imports at USD 28.4 billion were higher by ~USD 3 billion compared to last month. Global Markets: China’s central bank slashed its forecast for exports, predicting a second consecutive annual fall in shipments, but said the economy would still grow 6.8% in 2016. Japan’s economy expanded at an annualized 1.9% in the first quarter revised up from a preliminary reading of 1.7% growth. Outlook: The most discussed event “Brexit” – was a public referendum to decide whether UK would remain in EU or not. It was largely a po-litical event with economical fallouts. However, most of the finan-cial markets across the world in bonds, equity, commodities and currencies had positioned for a “stay”. Hence an “exit” vote created ruffles in the financial markets as the outcome was contrary to market expectations. We analyze this as an important event in the history of UK as the devaluation of GBP (Pound) would make the country’s products and services more affordable and hence com-petitive. We expect UK to emerge as a more efficient economy
over the medium to long term. However, in the short term, this event would create uncertainties on the trade between UK and EU (new trade terms to be negotiated) which may pull down the growth in the region. Meanwhile, back home, the government has been in overdrive with regards to policy decisions. The Union Cabinet has approved the implementation of the 7th CPC on pay and pensionary benefits. FDI norms in pharmaceutical, aviation and defense sectors have been relaxed. The Civil aviation policy has been relaxed. All these measures would translate into better economic growth in the times to come and the same effect will be reflected in the earn-ings of the corporates. As highlighted earlier the corporate earn-ings in the March quarter were better after several quarters. We believe these are interesting times for investors to construct equity portfolios as we see growth picking up and the valuations at ~17x forward earnings are comfortable. Volatility induced by events such as “Brexit” gives an opportunity to investors to acquire equity as-sets at better valuations. Data Source - Reuters, Bloomberg, RBI, Internal
Domestic Markets: After a positive May, June again delivered positive returns; with Sensex being up by 1.24% and NSE-50 Index being up by 1.56%. In June, among BSE sector indices reality and PSU posted best positive re-turns. Reality with 7.86% returns stood at the top of the table while IT sector lost the most, down by 3.25%. For the month, Ru-pee depreciated by 0.35% and closed at
67.5 against US dollar.
Mr. Amit Nigam (Head - Equities)
6
LIQUID FUND (an open ended liquid scheme)
CARE AAAmfs CARE(Credit Analysis and Research Limited Rating
(Source: www.careratings.com) (as on June 30, 2016)
Past Performance is no guarantee of future results.
For details please refer Page 14.
Portfolio as on June 30, 2016
Portfolio Holdings Rating % of Net Asets
CERTIFICATE OF DEPOSITS 39.25
Vijaya Bank CARE A1+ 9.82
Punjab and Sind Bank ICRA A1+ 9.81
IndusInd Bank Ltd CRISIL A1+ 9.81
Oriental Bank of Commerce CRISIL A1+ 9.81
COMMERCIAL PAPER 44.94
National Bank for Agricultural & Rural Development
CRISIL A1+ 9.83
Adani Enterprises BWR A1+ 9.77
Religare Securities Ltd ICRA A1+ 9.73
Religare Comtrade Ltd ICRA A1+ 7.77
PNB Housing Finance CRISIL A1+ 3.92
Housing Development Finance Corporation Ltd
ICRA A1+ 1.96
Chambal Fertilisers And Chemicals Ltd CRISIL A1+ 1.96
FIXED DEPOSITS 0.40
HDFC Bank Ltd 0.40
CBLO (including TBILL held as Collat-eral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
15.41
Total 100.00
Scheme Performance as on June 30, 2016
Period
Peerless Liquid Fund - Regular
Plan- Growth Option
CRISIL Liquid Fund
Index
1 Year Govt. T-Bill
June 30, 2015 to June 30,2016 8.12% 7.90% 7.67%
June 30,2014 to June 30,2015 8.81% 8.77% 8.54%
June 28,2013 to June 30,2014 9.78% 9.63% 5.89%
Since Inception CAGR % 8.63% 8.14% 6.78%
Current Value of investment if Rs 10000/- was invested on Inception date (in `.)
16934.15 16451.31 15177.57
Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Growth Option.
As on June 30, 2016 Average Maturity (Yrs)…………………………………………………………………..0.10 Modified Duration (Yrs)………………………………………………………………….0.09 Portfolio Yield (%)………………………………………………………………………...7.91 # TER - Reg (%)……………………………………………………………………………0.22 # TER - Direct (%)…………………………………………………………………………0.12
Key Scheme Information
Investment Objective
To provide high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market & debt securities. However, there can be no as-surance that the investment objective will be achieved. The scheme does not assure or guarantee any returns.
Allotment Date 19th February 2010
Fund Size
`499.84 Crs (Monthly AAUM for June,2016) `181.53 Crs (AUM as on 30 June, 2016)
Asset Allocation Pattern Money Market Instruments: 60%to100% Debt Instruments: 0% to 40%
Scheme Features Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of .`1/- thereafter Benchmark : CRISIL Liquid Fund Index
Fund Manager Mr. Vikram Pamnani: Total experience 7 years.
Asset Allocation
Dividend History (Monthly)
Scheme / Plan Record
Date Net Dividend ( ` per unit) Cum
Dividend
Nav (in `)
Individual/
HUF Corporate
PEERLESS LIQUID FUND-REGULAR PLAN MONTHLY DIVIDEND
24-Jun-16 4.19195498 3.88376606 1007.0639
PEERLESS LIQUID FUND-DIRECT MONTHLY DIVIDEND
24-Jun-16 4.32181826 4.00408191 1007.2437
PEERLESS LIQUID FUND-REGULAR PLAN
MONTHLY DIVIDEND 27-May-16 4.33828591 4.01933887 1007.2665
PEERLESS LIQUID FUND-DIRECT MONTHLY DIVIDEND
27-May-16 4.46973817 4.14112687 1007.4485
PEERLESS LIQUID FUND-REGULAR PLAN MONTHLY DIVIDEND
29-Apr-16 5.21294906 4.82969754 1008.4775
PEERLESS LIQUID FUND-DIRECT MONTHLY DIVIDEND
29-Apr-16 5.35465749 4.96098769 1008.6737
Scheme Performance vis-a-vis Benchmark (%)
Rating Profile (%)
Maturity Profile % Weightage
Below or equal to 91 days 84.59
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
15.41
Please refer to page no. 12 for tax on dividend distribution Please refer to page no. 16 for Product Labeling Face Value changed from `10/- to `1000/- with effect from 21st September 2014.
Net Asset Value (NAV) as on June 30, 2016 (in `)
Plan / Option Regular Plan Direct Plan
Growth 1693.4149 1697.8186
Daily Dividend 1001.2900 1001.2900
Weekly Dividend 1001.1125 1001.0876
Monthly Dividend 1002.5222 1002.5659
Please refer to page no 14 and 15 for statutory details
# - Weighted average for the month
7
ULTRA SHORT TERM FUND (an open ended debt scheme)
CARE AAAmfs CARE(Credit Analysis and Research Limited Rating
(Source: www.careratings.com) (as on June 30, 2016)
Past Performance is no guarantee of future results.
For details please refer Page 14.
Portfolio as on June 30, 2016
Portfolio Holdings Rating % of Net Asets
CERTIFICATE OF DEPOSITS 35.72
ICICI Bank Ltd ICRA A1+ 9.93
Punjab and Sind Bank ICRA A1+ 5.18
Oriental Bank of Commerce CRISIL A1+ 5.17
Canara Bank CRISIL A1+ 5.15
State Bank of Hyderabad ICRA A1+ 5.14
Corporation Bank CRISIL A1+ 3.09
Dena Bank CRISIL A1+ 2.06
COMMERCIAL PAPER 20.14
Piramal Enterprises Ltd ICRA A1+ 9.84
Indiabulls Housing Finance Ltd CRISIL A1+ 5.18
Religare Comtrade Ltd ICRA A1+ 5.12
NON-CONVERTIBLE DEBENTURE / ZCB 36.72
Rural Electrification Corporation Ltd CRISIL AAA 10.53
Housing Development Finance Corporation Ltd CRISIL AAA 10.49
Power Finance Corporation Ltd CRISIL AAA 10.48
LIC Housing Finance Ltd CARE AAA 5.22
CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/ Cash Equivalent
7.42
Total 100.00
Key Scheme Information
Investment Objective To provide optimal returns & liquidity to the investors by investing primarily in a mix of money market & short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety & liquidity. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.
Allotment Date 19th February 2010
Fund Size
` 129.53 Crs (Monthly AAUM for June, 2016) ` 95.85 Crs (AUM as on 30 June, 2016)
Asset Allocation Pattern Money Market Instruments:70% to 100% Debt Instruments: 0% to 30%
Scheme Features Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of `.1/- thereafter Benchmark : CRISIL Liquid Fund Index
Fund Manager Mr. Killol Pandya : Total experience 17 years Mr. Vikram Pamnani: Total experience 7 years.
Dividend History (Monthly)
Scheme / Plan Record
Date Net Dividend ( ` per unit) Cum
Dividend
Nav (in `)
Individual/HUF
Corporate
PEERLESS ULTRA SHORT TERM FUND-REGULAR PLAN
MONTHLY DIVIDEND 24-Jun-16 4.85304431 4.49625268 1008.0584
PEERLESS ULTRA SHORT TERM FUND-DIRECT
MONTHLY DIVIDEND 24-Jun-16 4.90634748 4.54563704 1019.1469
PEERLESS ULTRA SHORT TERM FUND-REGULAR PLAN
MONTHLY DIVIDEND 27-May-16 4.85817239 4.50100375 1009.1529
PEERLESS ULTRA SHORT TERM FUND-DIRECT
MONTHLY DIVIDEND 27-May-16 4.90923654 4.54831370 1019.7811
PEERLESS ULTRA SHORT TERM FUND-REGULAR PLAN
MONTHLY DIVIDEND 29-Apr-16 4.86380606 4.50622323 1010.3130
PEERLESS ULTRA SHORT TERM FUND-DIRECT
MONTHLY DIVIDEND 29-Apr-16 4.91263119 4.55145878 1020.4830
Scheme Performance as on June 30, 2016
Period
Peerless Ultra Short Term Fund –
Regular Plan-Growth Option
CRISIL Liquid Fund Index
1 Year Govt. T-Bill
June 30,2015 to June 30,2016 7.61% 7.90% 7.67%
June 30,2014 to June 30,2015 8.66% 8.77% 8.54%
June 28,2013 to June 30,2014 8.78% 9.63% 5.89%
Since Inception CAGR % 8.94% 8.14% 6.78%
Current Value of investment if Rs 10000/- was invested on Inception date (in `.)
16876.60 16451.31 15177.57
Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calcu-lated for Growth Option.
As on June 30, 2016 Average Maturity (Yrs)................................................................................... 0.47 Modified Duration (Yrs).................................................................................. 0.43 Portfolio Yield (%) ....................................................................................... 7.77 # TER - Reg (%) ....................................................................................... 0.85 # TER - Direct (%) ....................................................................................... 0.18
Asset Allocation
Scheme Performance vis-a-vis Benchmark (%)
Rating Profile (%)
Maturity Profile % Weightage
Below 1 Year 82.06
Above 1 Year 10.52
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
7.42
Please refer to page no. 12 for tax on dividend distribution Please refer to page no. 16 for Product Labeling Face Value changed from ` 10/- to ` 1000/- with effect from 22nd September 2014.
Net Asset Value (NAV) as on June 30, 2016 (in `)
Plan / Option Regular Plan Direct Plan
Growth 1687.6601 1716.8070
Daily Dividend 1005.4600 1006.6500
Weekly Dividend 1003.9709 1004.7209
Monthly Dividend 1002.4435 1013.5679
Please refer to page no 14 and 15 for statutory details
# - Weighted average for the month
8
SHORT TERM FUND (an open ended debt scheme)
CARE AAAmfs CARE(Credit Analysis and Research Limited Rating
(Source: www.careratings.com) (as on June 30, 2016)
Past Performance is no guarantee of future results.
For details please refer Page 14.
Portfolio as on June 30, 2016
Portfolio Holdings Rating % of Net Asets
CERTIFICATE OF DEPOSITS 20.16
Vijaya Bank CARE A1+ 6.72
Canara Bank CRISIL A1+ 6.72
Dena Bank CRISIL A1+ 4.03
Corporation Bank CRISIL A1+ 2.69
COMMERCIAL PAPER 6.42
Piramal Enterprises Ltd ICRA A1+ 6.42
NON-CONVERTIBLE DEBENTURE / ZCB 52.66
Jyothy Laboratories Ltd CARE AA- 18.04
Housing Development Finance Corporation Ltd
CRISIL AAA 14.00
Rural Electrification Corporation Ltd CRISIL AAA 7.02
Fullerton India Credit Company Ltd CARE AAA 6.80
TATA Capital Financial Services Ltd CRISIL AA+ 6.80
GOVERNMENT SECURITIES 4.12
7.59% GOI - 11/01/2026 Sovereign 4.12
CBLO (including TBILL held as Collat-eral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
16.64
Total 100.00
Key Scheme Information
Investment Objective To generate income & capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.
Allotment Date 18th August 2010
Fund Size
` 73.58 Crs (Monthly AAUM for June, 2016) ` 73.71 Crs (AUM as on 30 June, 2016)
Asset Allocation Pattern Money Market and debt securities with residual maturity of less than or equal to 3 years: 80% to 100% Debt Instruments with residual matur-ity greater than 3 years : 0% to 20%
Scheme Features Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of ` 1/- thereafter Benchmark : CRISIL Short Term Debt Index
Fund Manager Mr. Killol Pandya - Total experience 17 years.
Dividend History (Monthly)
Scheme / Plan Record
Date
Net Dividend (` per unit) Cum Dividend
Nav (in `) Individual/HUF Corporate
PEERLESS SHORT TERM FUND-REGULAR
MONTHLY DIVIDEND 10-Jun-16 0.05193087 0.04811296 10.7857
PEERLESS SHORT TERM FUND-DIRECT MONTHLY
DIVIDEND 10-Jun-16 0.05330317 0.04938437 11.0658
PEERLESS SHORT TERM FUND— REGULAR
MONTHLY DIVIDEND 10-May-16 0.05200309 0.04817987 10.7948
PEERLESS SHORT TERM FUND-DIRECT MONTHLY
DIVIDEND 10-May-16 0.05330317 0.04938437 11.0667
PEERLESS SHORT TERM FUND -REGULAR
MONTHLY DIVIDEND 11-Apr-16 0.05207532 0.04824679 10.8220
PEERLESS SHORT TERM FUND - DIRECT MONTHLY
DIVIDEND 11-Apr-16 0.05337540 0.04945128 11.0871
Dividend History (Quarterly)
Scheme / Plan Record
Date
Net Dividend ( ` per unit) Cum Dividend
Nav (in `) Individual/HUF Corporate
PEERLESS SHORT TERM FUND - REGULAR
QUARTERLY DIVIDEND 20-Jun-16 0.15745381 0.14587794 10.9409
PEERLESS SHORT TERM FUND - DIRECT
QUARTERLY DIVIDEND 20-Jun-16 0.16222076 0.15029443 11.2776
PEERLESS SHORT TERM FUND - REGULAR
QUARTERLY DIVIDEND 28-Mar-16 0.15759827 0.14601178 10.9659
PEERLESS SHORT TERM FUND - DIRECT
QUARTERLY DIVIDEND 28-Mar-16 0.16200408 0.15009368 11.2767
PEERLESS SHORT TERM FUND-DIRECT
QUARTERLY DIVIDEND 5-Nov-15 0.16099291 0.14915685 11.1938
PEERLESS SHORT TERM FUND– REGULAR
QUARTERLY DIVIDEND 5-Nov-15 0.15723713 0.14567719 10.9242
Scheme Performance as on June 30, 2016
Period
Peerless Short Term Fund - Regular Plan-
Growth Option
CRISIL Short Term Debt Index
1 Year Govt. T-Bill
June 30,2015 to June 30,2016 7.60% 8.94% 7.67%
June 30,2014 to June 30,2015 8.71% 9.56% 8.54%
June 28,2013 to June 30,2014 8.40% 8.76% 5.89%
Since Inception CAGR % 9.48% 8.63% 7.24%
Current Value of investment if Rs 10000/- was invested on Inception date (in `.)
17018.90 16259.88 15073.70
Past performance may or may not be sustained in future Returns are absolute. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.
As on June 30, 2016 Average Maturity (Yrs) ............................................................... 1.06 Modified Duration (Yrs)...................................................................... 0.85 Portfolio Yield (%).............................................................................. 7.72 # TER - Reg (%)............................................................................. 1.31 # TER - Direct (%)................................................................................ 0.39
Asset Allocation
Scheme Performance vis-a-vis Benchmark (%)
Rating Profile (%)
Maturity Profile % Weightage
Below 1 Year 51.77
Above 1 Year 31.59
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
16.64
Please refer to page no. 12 for tax on dividend distribution Please refer to page no. 16 for Product Labeling
Net Asset Value (NAV) as on June 30, 2016 (in `)
Plan / Option Regular Plan Direct Plan
Growth 17.0189 17.5226
Monthly Dividend 10.7539 11.0387
Quarterly Dividend 10.7472 11.0813
Bonus 12.7559 17.5308
Please refer to page no 14 and 15 for statutory details
# - Weighted average for the month
9
FLEXIBLE INCOME FUND (an open ended debt scheme )
Scheme Performance as on June 30, 2016
Period
Peerless Flexible Income Fund -
Regular Plan - Growth
Option
CRISIL Composite
Bond Fund Index
10 Year dated GOI Security
June 30,2015 to June 30,2016 8.57% 10.19% 10.03%
June 30,2014 to June 30,2015 5.91% 11.10% 11.76%
June 28,2013 to June 30,2014 1.39% 4.57% -2.46%
Since Inception CAGR % 6.45% 9.09% 7.77%
Current Value of investment if Rs 10000/- was invested on Inception date (in `.)
12728.7 13989.25 13350.46
Past performance may or may not be sustained in future Returns are absolute. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan-Growth Option.
As on June 30, 2016 Average Maturity (Yrs) .................................................................................... 5.69 Modified Duration (Yrs) .................................................................................... 3.97 Portfolio Yield (%) ..................................................................................... 7.13 # TER - Reg (%) ..................................................................................... 1.48 # TER - Direct (%) ....................................................................................... 0.33
# - Weighted average for the month
Asset Allocation
Scheme Performance vis-a-vis Benchmark (%)
Rating Profile (%)
Maturity Profile % Weightage
Below 1 Year 9.30
Above 1 Year 70.52
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
20.18
Please refer to page no. 12 for tax on dividend distribution Please refer to page no. 16 for Product Labeling
Net Asset Value (NAV) as on June30, 2016 (in `)
Plan / Option Regular Plan Direct Plan
Growth 12.7287 13.2009
Monthly Dividend 11.6667 11.9816
Quarterly Dividend - 12.5182
CARE AAAmfs CARE(Credit Analysis and Research Limited Rating
(Source: www.careratings.com) (as on June 30, 2016)
Past Performance is no guarantee of future results.
For details please refer Page 14.
Portfolio as on June 30, 2016
Portfolio Holdings Rating % of Net Asets
FIXED DEPOSITS 9.30
HDFC Bank Ltd 9.30
GOVERNMENT SECURITIES 70.52
7.59% GOI 11/01/2026 Sovereign 46.91
7.80% GOI 11/04/2021 Sovereign 23.61
CBLO (including TBILL held as Collat-eral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
20.18
Total 100.00
Key Scheme Information
Investment Objective The primary investment objective of the scheme is to generate reasonable returns through active duration management of the portfolio, while maintaining liquidity by investing in debt instruments including bonds, debentures & Govt. Securities and money market instruments over various maturity periods. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.
Allotment Date 21st August 2012
Fund Size ` 36.79 Crs (Monthly AAUM for June, 2016)
` 19.33 Crs (AUM as on 30 June, 2016)
Asset Allocation Pattern Money Market Instruments: 0% to 100% Debt Instruments: 0% to 100%
Scheme Features
Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of ` 1/- thereafter Benchmark : CRISIL Composite Bond Fund Index
Fund Manager Mr. Killol Pandya - Total experience 17 years.
Please refer to page no 14 and 15 for statutory details
Dividend History (Monthly)
Scheme / Plan Record
Date
Net Dividend (` per unit) Cum Dividend Nav (in `)
Individual/HUF
Corporate
Peerless Flexible Income Fund-Direct Monthly
Dividend 10-Jul-13 0.16008741
- 10.2115
Peerless Flexible Income Fund-Regular-Monthly
Dividend 10-Jul-13 0.04675609 0.04478483 10.0699
Peerless Flexible Income Fund-Dividend-Regular
Monthly Dividend 10-Jun-13 0.09351267 0.08955192 10.1495
Peerless Flexible Income Fund-Dividend-Regular
Monthly Dividend 10-Apr-13 0.11387253 0.09701559 10.1422
Dividend History (Quarterly)
Scheme / Plan Record
Date
Net Dividend ( ` per unit) Cum Dividend Nav (in `)
Individual/HUF
Corporate
Peerless Flexible Income Fund-Direct Quarterly
Dividend 3-May-13 0.43797219 0.37316218 10.7199
Peerless Flexible Income Fund-Regular-Quarterly
Dividend 3-May-13 0.17518888 0.14926487 10.3064
Peerless Flexible Income Fund-Regular-Quarterly
Dividend 4-Feb-13 0.35239527 0.30201220 10.4709
10
INCOME PLUS FUND (an open ended debt scheme)
Scheme Performance as on June 30, 2016
Period Peerless Income Plus Fund - Regular
Plan - Growth Option
CRISIL MIP Blended
Fund Index
10 Year dated GOI Security
June 30,2015 to June 30,2016 7.44% 8.63% 10.03%
June 30,2014 to June 30,2015 9.75% 11.05% 11.76%
June 28,2013 to June 30,2014 10.18% 8.24% -2.46%
Since Inception CAGR % 8.38% 8.43% 6.83%
Current Value of investment if Rs 10000/- was invested on
16113.6 16151.12 14790.20
Past performance may or may not be sustained in future
Returns are absolute. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan-Growth Option.
Peerless Income Plus Fund - Percentage contribution of B15 cities to AUM is 66.22 on June 30, 2016
As on June 30, 2016 Average Maturity for the debt portion (Yrs)……................................................................ 3.33 Modified Duration for the debt portion (Yrs)……......................................................... 2.60 Portfolio Yield (%) ....................................................................................... 8.26 # TER - Reg (%) ....................................................................................... 2.44 # TER - Direct (%) ....................................................................................... 0.79
Asset Allocation
Rating Profile (%)- Debt
Maturity Profile % Weightage
Above 1 Year 54.74
Below 1 Year 6.85
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
7.02
Please refer to page no. 12 for tax on dividend distribution Please refer to page no. 16 for Product Labeling
Net Asset Value (NAV) as on June 30, 2016 (in `)
Plan / Option Regular Plan Direct Plan Growth Option 16.1136 16.8844
Monthly Dividend 10.5820 11.2398
Quarterly Dividend 11.0246 11.7139
Portfolio as on June 30, 2016
Portfolio Holdings Rating/Industry % of Net
Asets EQUITY SHARES 20.01
HDFC Bank Ltd BANKS 1.39
Infosys Ltd SOFTWARE 1.26
Oracle Financial Services Software Ltd SOFTWARE 0.96
Kotak Mahindra Bank Ltd BANKS 0.96
Indraprastha Gas Ltd GAS 0.79
Bajaj Auto Ltd AUTO 0.77
ICICI Bank Ltd BANKS 0.69
IndusInd Bank Ltd BANKS 0.68
Grasim Industries Ltd. CEMENT 0.67
Sundaram Finance Ltd FINANCE 0.62
Titan Company Ltd CONSUMER DURABLES 0.61
Asian Paints Ltd CONSUMER NON DURABLES 0.61
Nestle India Ltd CONSUMER NON DURABLES 0.61
Repco Home Finance Ltd FINANCE 0.60
Havells India Ltd CONSUMER DURABLES 0.59
AIA Engineering Ltd INDUSTRIAL PRODUCTS 0.57
Bata India Ltd CONSUMER DURABLES 0.56
Ultratech Cement Ltd CEMENT 0.56
Eicher Motors Ltd AUTO 0.55
Cummins India Ltd INDUSTRIAL PRODUCTS 0.55
Canara Bank BANKS 0.53
Suprajit Engineering Ltd AUTO ANCILLARIES 0.53
Shree Cements Ltd CEMENT 0.52
Bharat Electronics Ltd INDUSTRIAL CAPITAL GOODS 0.52
Va tech Wabag Ltd ENGINEERING SERVICES 0.48
Housing Development Finance Corporation Ltd FINANCE 0.46
Pidilite Industries Ltd CHEMICALS 0.44
Swaraj Engines Ltd INDUSTRIAL PRODUCTS 0.43
Jyothy Laboratories Ltd CONSUMER NON DURABLES 0.43
Motherson Sumi Systems Ltd AUTO ANCILLARIES 0.41
Bharat Petroleum Corporation Ltd PETROLEUM PRODUCTS 0.35
Sun Pharmaceuticals Industries Ltd PHARMACEUTICALS 0.31
NON-CONVERTIBLE DEBENTURE / ZCB 40.96
Religare Enterprises Ltd IND AA- 18.57
Power Finance Corporation Ltd CRISIL AAA 11.29
Rural Electrification Corporation Ltd CRISIL AAA 5.61
Housing Development Finance Corporation Ltd CRISIL AAA 5.49
FIXED DEPOSITS 1.36
HDFC Bank Ltd 1.36
MUTUAL FUNDS UNITS 11.38
GOVERNMENT SECURITIES 19.27
7.68% GOI 15/12/2023 Sovereign 12.42
7.80% GOI 11/04/2021 Sovereign 6.85
CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
7.02
Total 100.00
Industry Allocation – Equity(%)
Key Scheme Information
Investment Objective To generate regular income through a portfolio of predominantly high quality fixed income securities and with a marginal exposure to equity & equity related securities. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.
Allotment Date 29th July 2010
Fund Size
` 72.97 Crs (Monthly AAUM for June, 2016) ` 73.61 Crs (AUM as on 30 June, 2016)
Asset Allocation Pattern Debt & Money Market instruments: 80% to 98% Equity & Equity related instruments: 2% to 20%
Scheme Features Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of ̀1/-
thereafter Benchmark : CRISIL MIP Blended Fund Index
Fund Manager Mr. Killol Pandya : Total experience 17 years. Mr. Amit Nigam : Total experience 14 years.
Please refer to page no 14 and 15 for statutory details
Dividend History (Monthly)
Scheme / Plan Record
Date
Net Dividend (` per unit) Cum Dividend Nav (in `) Individual/HUF Corporate
PEERLESS INCOME PLUS FUND-REGULAR MONTHLY DIVIDEND
24-Jun-16
0.05749231
0.05326552 10.5853
PEERLESS INCOME PLUS FUND-DIRECT MONTHLY DIVIDEND
24-Jun-16
0.06103141
0.05654443 11.2413
PEERLESS INCOME PLUS FUND–REGULAR MONTHLY DIVIDEND
27-May-16
0.05734786
0.05313169 10.6043
PEERLESS INCOME PLUS FUND-DIRECT MONTHLY DIVIDEND
27-May-16
0.06081473
0.05634368 11.2523
PEERLESS INCOME PLUS FUND–REGULAR MONTHLY DIVIDEND
29-Apr-16
0.05727563
0.05306478 10.5796
PEERLESS INCOME PLUS FUND-DIRECT MONTHLY DIVIDEND
29-Apr-16
0.06074250
0.05627677 11.2172
Dividend History (Quarterly)
Scheme / Plan Record
Date
Net Dividend (` per unit) Cum Dividend Nav (in `) Individual/HUF Corporate
PEERLESS INCOME PLUS FUND- REGULAR QUARTERLY DIVIDEND
20-Jun-16
0.18107188
0.16775964 11.2009
PEERLESS INCOME PLUS FUND- DIRECT QUARTERLY DIVIDEND
20-Jun-16
0.19219477
0.17806478 11.8977
PEERLESS INCOME PLUS FUND- REGULAR QUARTERLY DIVIDEND
28-Mar-16
0.17861618
0.16548448 11.0843
PEERLESS INCOME PLUS FUND- DIRECT QUARTERLY DIVIDEND
28-Mar-16
0.18916126
0.17525428 11.7452
PEERLESS INCOME PLUS FUND-DIRECT QUARTERLY DIVIDEND
5-Nov-15
0.19356707
0.17933619 11.8698
PEERLESS INCOME PLUS FUND- REGULAR QUARTERLY DIVIDEND
5-Nov-15
0.18367204
0.17016863 11.2574
# - Weighted average for the month
% of Net Assets
11
3 IN 1 FUND* (an open ended hybrid scheme)
Scheme Performance as on June 30, 2016
Period Peerless 3 in 1 Fund-
Regular Plan-Growth Option
CRISIL MIP Blended
Fund Index + Gold (85:15)
10 Year dated GOI Security
June 30,2015 to June 30,2016 8.19% 10.16% 10.03%
June 30,2014 to June 30,2015 8.59% 8.59% 11.76%
June 28,2013 to June 30,2014 9.36% 8.47% -2.46%
Since Inception CAGR % 8.69% 8.37% 6.93%
Current Value of investment if Rs 10000/- was invested on Inception
date (in `.) 15475.7 15,236.00 14208.40
Past performance may or may not be sustained in future
Returns are absolute. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.
Peerless 3 in 1 Fund - Percentage contribution of B15 cities to AUM is 47.84 as on
June 30, 2016
As on June 30, 2016 Average Maturity for debt portion (Yrs) .............................................................. 3.44 Modified Duration for debt portion (Yrs) .............................................................. 2.59 Portfolio Yield (%) ....................................................................................... 8.18 # TER - Reg (%) ....................................................................................... 1.53 # TER - Direct (%) ....................................................................................... 0.61
Asset Allocation
Rating Profile (%)- Debt
Maturity Profile % Weightage Below 1 Year 3.90
Above 1 Year 46.91
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
9.66
Please refer to page no. 12 for tax on dividend distribution Please refer to page no. 16 for Product Labeling
* Erstwhile known as Peerless MF Child Plan
Industry Allocation – Equity(%)
Key Scheme Information
Investment Objective The investment objective of the scheme is to generate long term capital appreciation through a portfolio of fixed income securities, Gold ETFs of other mutual funds and gold related instruments and Equity & Equity related Instruments. However there can be no assurance that the investment objective of the scheme will be achieved.
Allotment Date Fund Size 5th April, 2011
Fund Size
` 27.77 Crs (Monthly AAUM for June, 2016) ` 20.73 Crs (AUM as on 30 June, 2016)
Asset Allocation Pattern Debt & Money Market instruments: 50% to 70% Equity & Equity related instruments: 15% to 25% Gold ETFs of other mutual funds and gold related instruments: 15% to 25%
Scheme Features Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of ` 1/- thereafter Benchmark : CRISIL MIP Blended Fund Index+Gold (85:15)
Fund Manager Mr. Killol Pandya - Total experience 17 years. Mr. Amit Nigam - Total experience 14 years.
Portfolio as on June 30, 2016
Portfolio Holdings Rating/Industry % of Net Assets
EQUITY SHARES 20.17
HDFC Bank Ltd BANKS 1.43
Infosys Ltd SOFTWARE 1.28
Kotak Mahindra Bank Ltd BANKS 1.02
Oracle Financial Services Software Ltd SOFTWARE 0.91
Swaraj Engines Ltd INDUSTRIAL PRODUCTS 0.74
Eicher Motors Ltd AUTO 0.70
ICICI Bank Ltd BANKS 0.68
IndusInd Bank Ltd BANKS 0.68
Bajaj Auto Ltd AUTO 0.65
Sundaram Finance Ltd FINANCE 0.63
Havells India Ltd CONSUMER DURABLES 0.62
Indraprastha Gas Ltd GAS 0.61
Titan Company Ltd CONSUMER DURABLES 0.60
Repco Home Finance Ltd FINANCE 0.60
Motherson Sumi Systems Ltd AUTO ANCILLARIES 0.60
Cummins India Ltd INDUSTRIAL PRODUCTS 0.59
Va tech Wabag Ltd ENGINEERING SERVICES 0.58
Grasim Industries Ltd CEMENT 0.56
Sun Pharmaceuticals Industries Ltd PHARMACEUTICALS 0.55
Nestle India Ltd CONSUMER NON-
DUABLES 0.54
Canara Bank BANKS 0.53
Pidilite Industries Ltd CHEMICALS 0.52
Ultratech Cement Ltd CEMENT 0.50
Asian Paints Ltd CONSUMER NON-
DUABLES 0.49
Suprajit Engineering Ltd AUTO ANCILLARIES 0.49
AIA Engineering Ltd INDUSTRIAL PRODUCTS 0.48
Bata India Ltd CONSUMER DURABLES 0.46
Bharat Electronics Ltd INDUSTRIAL CAPITAL
GOODS 0.46
Housing Development Finance Corporation Ltd FINANCE 0.46
Bharat Petroleum Corporation Ltd PETROLEUM PRODUCTS 0.42
Shree Cements Ltd CEMENT 0.42
Jyothy Laboratories Ltd CONSUMER NON
DURABLES 0.37
NON-CONVERTIBLE DEBENTURE / ZCB 35.46
Religare Enterprises Ltd IND AA- 11.63
Power Finance Corporation Ltd CRISIL AAA 10.02
Rural Electrification Corporation Ltd CRISIL AAA 4.98
LIC Housing Finance Ltd CRISIL AAA 4.93
Housing Development Finance Corporation Ltd CRISIL AAA 3.90
MUTUAL FUND UNITS / ETF 20.08
Goldman Sachs Mutual Fund 20.08
GOVERNMENT SECURITIES 14.63
7.59% GOI - 11/01/2026 Sovereign 9.73
7.80% GOI 11/04/2021 Sovereign 4.90
CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
9.66
Total 100.00
Please refer to page no 14 and 15 for statutory details
# - Weighted average for the month
Net Asset Value (NAV) as on June 30, 2016 (in `)
Plan / Option Regular Plan Direct Plan
Growth Option 15.4757 16.0815
Monthly Dividend 15.4774 14.7564
Quarterly Dividend 15.4710 15.8646
% of Net Assets
12
EQUITY FUND (an open ended equity scheme)
Scheme Performance as on June 30, 2016
Period
Peerless Equity Fund – Regular Plan-
Growth Option NIFTY 50 NIFTY 50
June 30,2015 to June 30,2016 6.02% -0.96% -0.96%
June 30,2014 to June 30,2015 17.22% 9.95% 9.95%
June 28,2013 to June 30,2014 21.87% 33.63% 33.63%
Since Inception CAGR % 12.68% 11.46% 11.46%
Current Value of investment if Rs 10000/- was invested on Inception
date (in `.) 17650.9 16756.81 16756.81
Past performance may or may not be sustained in future
Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Growth Option.
Risk Measures June2016
Standard Deviation*(%) …………………………………………………………………………….. 13.16
Benchmark Standard Deviation* (%)………………………………………………………………. 15.27
Sharpe Ratio~ ………………………………………………………………………………………… 0.74
Beta ............................................................................................................................. ........................... 0.80
Portfolio Turnover Ratio (Times) ....................................................................................................... 1.38
# TER - Reg (%).................................................................................................................................... 2.98
# TER - Direct (%)............................................................................................................................... 1.90
Asset Allocation
Industry Allocation – Equity(%)
Key Scheme Information
Investment Objective To generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of equity & equity related securities. However, there can be no assurance that the investment objective will be achieved. The scheme does not assure or guarantee any returns.
Allotment Date Fund Size 28th September, 2011
Fund Size
` 99.17 Crs (Monthly AAUM for June, 2016) ` 109.40 Crs (AUM as on 30 June, 2016)
Asset Allocation Pattern Equity & Equity related instruments: 80% to 100% Debt & Money Market instruments: 0% to 20%
Scheme Features Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of ` 1/- thereafter Benchmark : Nifty 50 Index
Fund Manager Mr. Amit Nigam - Total experience 14 years.
Portfolio as on June 30, 2016
Portfolio Holdings Industry % of Net Assets
EQUITY SHARES 96.56
HDFC Bank Ltd BANKS 8.08
Infosys Ltd SOFTWARE 7.40
Oracle Financial Services Software Ltd SOFTWARE 4.55
Kotak Mahindra Bank Ltd BANKS 3.77
Motherson Sumi Systems Ltd AUTO ANCILLARIES 3.49
Housing Development Finance Corporation Ltd FINANCE 3.44
Bajaj Auto Ltd AUTO 3.32
Eicher Motors Ltd AUTO 3.17
Sundaram Finance Ltd FINANCE 3.15
Sun Pharmaceuticals Industries Ltd PHARMACEUTICALS 3.14
ICICI Bank Ltd BANKS 2.98
Havells India Ltd CONSUMER DURABLES 2.97
Ultratech Cement Ltd CEMENT 2.81
Cummins India Ltd INDUSTRIAL PRODUCTS 2.80
Titan Company Ltd CONSUMER DURABLES 2.79
IndusInd Bank Ltd BANKS 2.75
Repco Home Finance Ltd FINANCE 2.72
Bata India Ltd CONSUMER DURABLES 2.70
Nestle India Ltd CONSUMER NON DURABLES 2.67
Indraprastha Gas Ltd GAS 2.59
Grasim Industries Ltd. CEMENT 2.56
Canara Bank BANKS 2.40
AIA Engineering Ltd INDUSTRIAL PRODUCTS 2.31
Asian Paints Ltd CONSUMER NON DURABLES 2.20
Suprajit Engineering Ltd AUTO ANCILLARIES 2.20
Bharat Electronics Ltd INDUSTRIAL CAPITAL GOODS 2.09
Bharat Petroleum Corporation Ltd PETROLEUM PRODUCTS 2.06
Shree Cements Ltd CEMENT 2.00
Pidilite Industries Ltd CHEMICALS 1.98
Jyothy Laboratories Ltd CONSUMER NON DURABLES 1.89
Va tech Wabag Ltd ENGINEERING SERVICES 1.79
Swaraj Engines Ltd INDUSTRIAL PRODUCTS 1.79
CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
3.44
Total 100.00
SIP Returns
SIP Tenure (in years) 3
Investment Amount 10,000.00
Start Date 1-July-2013
End Date 30-June-2016
Total no of Instalments 36
Total Amount Invested (Rs) 3,60,000.00
Present value (Rs) 4,39,946.57
Total No Units 24,924.88
CAGR (%) 14.30
XIRR(%) 13.48
Yield (%) 22.20
Please refer to page no 14 and 15 for statutory details
Dividend History
Scheme / Plan Record
Date
Net Dividend ( ̀per unit) Cum Dividend Nav (in `) Individual/HUF Corporate
PEERLESS EQUITY FUND - REGULAR QUARTERLY DIVI-DEND
20-Jun-16 0.4000 0.4000 14.1137
PEERLESS EQUITY FUND - DIRECT QUARTERLY DIVIDEND
20-Jun-16 0.5000 0.5000 14.2015
PEERLESS EQUITY FUND - REGULAR QUARTERLY DIVI-DEND
28-Mar-16 1.8500 1.8500 14.6240
PEERLESS EQUITY FUND - DIRECT QUARTERLY DIVIDEND
28-Mar-16 2.3500 2.3500 15.1525
PEERLESS EQUITY FUND- NORMAL DIVIDEND
16-Nov-2015 2.5000 2.5000 15.1693
PEERLESS EQUITY FUND- DIRECT NORMAL DIVIDEND
16-Nov-2015 2.5000 2.5000 15.6576
SIP date every 1st business day of the month
Past performance may or may not be sustained in the future. Assuming ` 10,000 invested
systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market
Peerless Equity Fund - Percentage contribution of B15 cities to AUM is 42.07 as on June 30, 2016
*Statistical returns based on monthly returns over the past 3 year data as on June 30, 2016. ~ 1 day MIBOR has been assumed as the risk-free rate of return. # Weighted average for the month
Tax on Dividend Distribution
Nature Individual/
HUF Domestic Companies
Liquid 28.84% 34.608%
Debt 28.84% 34.608%
Equity Nil Nil
Note: Above rates are inclusive of surcharge and cess.
Net Asset Value (NAV) as on June 30, 2016 (in `)
Plan / Option Regular Plan Direct Plan Growth 17,6509 18,4314
Normal Dividend 13.8085 14,4229
* Quarterly Dividend 14,0011 13.9932
* Half Yearly Dividend 16,5035 -
* Yearly Dividend 16,4704 -
Please refer to page no. 16 for Product Labeling * Introduced from November 2, 2015
% of Net Assets
13
MIDCAP FUND (an open ended equity scheme)
Asset Allocation
Net Asset Value (NAV) as on June 30, 2016 (in `)
Plan / Option Regular Plan Direct Plan
Growth Option 11.0505 11.1627
Dividend Option 11.0498 11.1274
Key Scheme Information
Investment Objective
The investment objective of the scheme is to generate medium to long-term capital appreciation by investing predominantly in equity and equity related securities of mid cap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Allotment Date
7th December, 2015
Fund Size
` 45.59 Crs (Monthly AAUM for June, 2016)
` 56.08 Crs (AUM as on 30 June, 2016)
Asset Allocation Pattern
Equity and Equity Related Instruments of Midcap Companies: 65% to 100% Debt & Money Market Instruments: 0% to 35%
Scheme Features
Exit Load : NIL
Minimum Amount: ` 1,000/- and in multiples of ` 1/-
thereafter Benchmark : Nifty Midcap 100 Index
Fund Manager
Mr. Amit Nigam - Total experience 14 years.
Peerless Midcap Fund - Percentage contribution of B15 cities to AUM is 22.56 as on June 30, 2016
TER June 2016 # Regular (%)......................................................................................................... 3.00 # Direct (%).............................................................................................................. 1.84
Portfolio as on June 30, 2016
Portfolio Holdings Industry % of Net Assets
EQUITY SHARES 93.64
Colgate Palmolive Ltd CONSUMER NON DURABLES 4.92
Castrol India Ltd PETROLEUM PRODUCTS 4.26
Tata Elxsi Ltd SOFTWARE 4.09
Havells India Ltd CONSUMER DURABLES 3.86
Motherson Sumi Systems Ltd AUTO ANCILLARIES 3.81
Oracle Financial Services Software Ltd SOFTWARE 3.80
eClerx Services Ltd SOFTWARE 3.64
IndusInd Bank Ltd BANKS 3.57
P I Industries Ltd PESTICIDES 3.48
AIA Engineering Ltd INDUSTRIAL PRODUCTS 3.31
Sundaram Finance Ltd FINANCE 3.26
Amara Raja Batteries Ltd AUTO ANCILLARIES 3.26
Titan Company Ltd CONSUMER DURABLES 3.26
Berger Paints CONSUMER NON DURABLES 3.25
Triveni Turbine Ltd INDUSTRIAL CAPITAL GOODS 3.21
Relaxo Footwears Ltd CONSUMER DURABLES 3.03
Bajaj Finance Ltd FINANCE 3.00
Grasim Industries Ltd. CEMENT 3.00
The Ramco Cements Ltd CEMENT 2.97
Britannia Industries Ltd CONSUMER NON DURABLES 2.96
Supreme Industries Ltd INDUSTRIAL PRODUCTS 2.93
Karur Vysya Bank Ltd BANKS 2.79
Indraprastha Gas Ltd GAS 2.69
Jyothy Laboratories Ltd CONSUMER NON DURABLES 2.60
Repco Home Finance Ltd FINANCE 2.41
V Guard Industries Ltd INDUSTRIAL CAPITAL GOODS 2.41
Canara Bank BANKS 2.34
Nesco Ltd COMMERCIAL SERVICES 2.18
Pidilite Industries Ltd CHEMICALS 1.93
Suprajit Engineering Ltd AUTO ANCILLARIES 0.80
City Union Bank Ltd BANKS 0.62
CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
6.36
Total 100.00
Industry Allocation – Equity(%)
LONG TERM ADVANTAGE FUND (an open ended equity linked savings scheme)
Portfolio as on June 30, 2016
Portfolio Holdings Industry % of Net Assets
EQUITY SHARES 98.14
HDFC Bank Ltd BANKS 7.15
Infosys Ltd SOFTWARE 7.11
Kotak Mahindra Bank Ltd BANKS 4.35
IndusInd Bank Ltd BANKS 3.81
eClerx Services Ltd SOFTWARE 3.56
ICICI Bank Ltd BANKS 3.54
Bajaj Auto Ltd AUTO 3.47
Colgate Palmolive Ltd CONSUMER NON DURABLES 3.38
Supreme Industries Ltd INDUSTRIAL PRODUCTS 3.36
Sundaram Finance Ltd FINANCE 3.23
Amara Raja Batteries Ltd AUTO ANCILLARIES 3.20
Oracle Financial Services Software Ltd SOFTWARE 3.19
Repco Home Finance Ltd FINANCE 3.16
Britannia Industries Ltd CONSUMER NON DURABLES 3.05
Berger Paints CONSUMER NON DURABLES 3.05
Indraprastha Gas Ltd GAS 2.89
Eicher Motors Ltd AUTO 2.83
Sun Pharmaceuticals Industries Ltd PHARMACEUTICALS 2.81
Motherson Sumi Systems Ltd AUTO ANCILLARIES 2.80
Havells India Ltd CONSUMER DURABLES 2.65
Titan Company Ltd CONSUMER DURABLES 2.62
V Guard Industries Ltd INDUSTRIAL CAPITAL GOODS 2.59
The Ramco Cements Ltd CEMENT 2.55
Asian Paints Ltd CONSUMER NON DURABLES 2.40
Nestle India Ltd CONSUMER NON DURABLES 2.39
P I Industries Ltd PESTICIDES 2.39
Ultratech Cement Ltd CEMENT 2.32
AIA Engineering Ltd INDUSTRIAL PRODUCTS 2.17
Grasim Industries Ltd. CEMENT 2.15
Pidilite Industries Ltd CHEMICALS 1.99
Jyothy Laboratories Ltd CONSUMER NON DURABLES 1.98
CBLO (including TBILL held as Collat-eral)/Reverse Repo/Net Current As-sets/Cash/Cash Equivalent
1.86
Total 100.00
Key Scheme Information
Investment Objective
The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80 C of the Income Tax Act, 1961) on their investments. Specified Investors in the Scheme are entitled to deductions of the amount invested in Units of the
Scheme, subject to a maximum of ` 1,50,000/- under and in terms of Section 80 C (2) (xiii) of the
Income Tax Act, 1961. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized.
Allotment Date
30th December, 2015
Fund Size
` 15.83 Crs (Monthly AAUM for June, 2016)
` 16.30 Crs (AUM as on 30 June, 2016)
Asset Allocation Pattern
Equity and Equity Related Instruments: 80% to 100% Debt and Money Market Instruments: 0% to 20%
Scheme Features
Exit Load : NIL
Minimum Amount: ` 500/- and in multiples of ` 500/-
thereafter Benchmark : S&P BSE 100 Index
Fund Manager
Mr. Amit Nigam - Total experience 14 years.
Peerless Long Term Advantage Fund - Percentage contribution of B15 cities to AUM is 52.46 as on
June 30,2016
TER June 2016 # Regular (%)......................................................................................................... 2.81 # Direct (%).............................................................................................................. 1.49
Asset Allocation
Net Asset Value (NAV) as on June 30, 2016 (in `)
Plan / Option Regular Plan Direct Plan
Growth Option 10.7587 10.8457
Dividend Option 10.7588 10.8428
Industry Allocation – Equity(%)
1) Please refer to page no. 12 for tax on dividend distribution 2) Please refer to page no. 16 for Product Labeling 3) These schemes have not completed 1 year, hence performance data is not provided
Please refer to page no 14 and 15 for statutory details
% of Net Assets
% of Net Assets
FU
ND
S A
T A
GL
AN
CE
FO
R P
EE
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ES
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UT
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All
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ate
In
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stm
en
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bje
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B
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R
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itia
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m
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in m
ult
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rch
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Ad
dit
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al
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rch
as
e i
n
mu
ltip
les
ab
ove
Ex
it
Lo
ad
Pe
erl
ess
Liq
uid
F
un
d
An
Op
en
En
de
d
Liq
uid
Sch
em
e
19
th F
ebru
ary
, 2
01
0
To
pro
vid
e a
hig
h level o
f liq
uid
ity w
ith
re
aso
na
ble
re
turn
s
co
mm
en
su
ratin
g w
ith
lo
w r
isk t
hro
ug
h a
port
folio
of
mo
ne
y
ma
rke
t a
nd
de
bt
se
cu
ritie
s. H
ow
ever, t
here
can
be
no
assur-
an
ce
tha
t th
e inve
stm
en
t o
bje
ctive
of
the
sch
em
e w
ill b
e
ach
ieve
d
Cri
sil
Liq
uid
F
un
d
Ind
ex
Mr. V
ikra
m P
am
-n
an
i R
eg
ula
r/ D
ire
ct
Gro
wth
/Da
ily D
ivid
en
d/
Wee
kly
Div
ide
nd
/M
on
thly
D
ivid
en
d
Ye
s
` 1
00
0/-
M
ultip
les o
f `
1/-
th
ere
aft
er
`
10
0/-
M
ultip
les o
f ` 1
/-
th
ere
afte
r N
il
Pe
erl
ess U
ltra
S
ho
rt T
erm
F
un
d
An
Op
en
En
de
d
Deb
t S
ch
em
e
19
th F
ebru
ary
, 2
01
0
To
pro
vid
e o
ptim
al re
turn
s a
nd
liq
uid
ity t
o t
he inve
sto
rs b
y
inve
stin
g p
rim
ari
ly i
n a m
ix o
f m
on
ey m
ark
et
an
d sh
ort
te
rm d
eb
t in
str
um
en
ts w
hic
h r
esults in
a p
ort
folio
havin
g
ma
rgin
ally
hig
he
r m
atu
rity
as c
om
pa
red
to a
liq
uid
fun
d a
t th
e
sa
me
tim
e m
ain
tain
ing
a
b
ala
nce
be
twe
en
sa
fety
a
nd
liq
uid
ity.
H
ow
eve
r, th
ere
ca
n b
e n
o a
ssura
nce t
ha
t th
e
inve
stm
en
t o
bje
ctive
of
the
sche
me
will
be
ach
ieve
d
Cri
sil
Liq
uid
F
un
d
Ind
ex
Mr. K
illol P
an
dya
Mr. V
ikra
m P
am
-n
an
i R
eg
ula
r/ D
ire
ct
Gro
wth
/Da
ily D
ivid
en
d/
Wee
kly
Div
ide
nd
/M
on
thly
D
ivid
en
d
Ye
s
` 1
00
0/-
M
ultip
les o
f ` 1
/- th
ere
afte
r `
10
0/-
M
ultip
les o
f ` 1
/-
th
ere
afte
r N
il
Pe
erl
ess S
hort
Te
rm F
un
d
An
Op
en
En
de
d
Deb
t S
ch
em
e
18
th A
ug
ust,
20
10 T
o
ge
nera
te
inco
me
a
nd
ca
pita
l a
ppre
cia
tion
b
y
inve
st-
ing
in
a d
ive
rsifie
d p
ort
folio
of
de
bt
an
d m
on
ey m
ark
et
se
cu
ritie
s.
Ho
we
ve
r, th
ere
ca
n b
e n
o a
ssu
ran
ce
th
at th
e
inve
stm
en
t o
bje
ctive
of
the
sch
em
e w
ill b
e a
ch
ieve
d
Cri
sil
Sh
ort
Te
rm
Deb
t In
dex
Mr. K
illol P
an
dya
Re
gu
lar/
Dir
ect
Gro
wth
/Mo
nth
ly D
ivi-
de
nd
/Qu
art
erl
y
Div
ide
nd
Ye
s
` 1
00
0/-
M
ultip
les o
f ` 1
/- th
ere
afte
r `
10
0/-
M
ultip
les o
f ` 1
/-
the
rea
fte
r N
il
Pe
erl
ess
Fle
xib
le I
n-
co
me
F
un
d
An
Op
en
En
de
d
Deb
t S
ch
em
e
21
st
Au
gust,
201
2 T
he
pri
ma
ry i
nvestm
en
t o
bje
ctive o
f th
e s
chem
e w
ill e
nd
eav-
ou
r to
ge
ne
rate
re
aso
nable
retu
rns t
hro
ug
h a
ctive
du
ratio
n
ma
na
ge
me
nt
of
the
port
folio
, w
hile
ma
inta
inin
g liq
uid
ity b
y
inve
stin
g in
de
bt in
str
um
en
ts in
clu
din
g b
on
ds,
de
ben
ture
s
an
d G
ove
rnm
en
t se
curi
ties a
nd m
on
ey m
ark
et
instr
um
en
ts
ove
r vari
ou
s p
eri
od
s.
Ho
weve
r th
ere
is n
o a
ssu
ran
ce
or
gu
ara
nte
e t
ha
t th
e inve
stm
en
t o
bje
ctive
of
the s
ch
em
e w
ill b
e
ach
ieved
. T
he
sche
me
do
es n
ot
assure
or
gua
rante
e a
ny
retu
rns
CR
ISIL
Co
m-
po
site
Bo
nd
Fu
nd
In
de
x
Mr. K
illol P
an
dya
Re
gu
lar/
Dir
ect
Gro
wth
/Mo
nth
ly D
ivi-
de
nd
/Qu
art
erl
y
Div
ide
nd
Ye
s
`
10
00
/-
Mu
ltip
les o
f `
1/-
th
ere
after
`
10
0/-
M
ultip
les o
f ` 1
/-
th
ere
afte
r N
il
Pe
erl
ess
Inco
me
Plu
s
Fu
nd
An
Op
en
En
de
d
Deb
t S
ch
em
e
29
th J
uly
, 2
01
0
To
ge
ne
rate
re
gula
r In
co
me
th
rou
gh
a p
ort
folio
of
pre
do
mi-
na
ntly h
igh
qua
lity f
ixe
d inco
me
se
cu
ritie
s a
nd w
ith
th
e
ma
rgin
al exp
osure
to
eq
uity a
nd
eq
uity r
ela
ted
se
cu
ritie
s.
Ho
we
ve
r, t
he
re is n
o a
ssura
nce
or
gua
ran
tee
th
at
the
in
ve
stm
en
t o
bje
ctive
of
the
sch
em
e w
ill b
e a
ch
ieve
d.
The
sch
em
e d
oe
s n
ot
assu
re o
r g
ua
ran
tee
any r
etu
rns
Cri
sil
MIP
B
len
de
d
Fu
nd
Ind
ex
Mr. K
illol P
an
dya
& M
r. A
mit N
iga
m
Re
gu
lar/
Dir
ect
Gro
wth
/Mo
nth
ly D
ivi-
de
nd
/Qu
art
erl
y
Div
ide
nd
Ye
s
` 1
000
/-
Mu
ltip
les o
f ` 1
/- th
ere
afte
r `
10
0/-
M
ultip
les o
f ` 1
/-
th
ere
afte
r N
il
Pe
erl
ess 3
in
1
Fu
nd
An
Op
en
E
nd
ed
H
ybri
d S
ch
em
e
05
th A
pril, 2
01
1
Th
e in
ve
stm
en
t o
bje
ctive
of th
e s
ch
em
e is t
o g
en
era
te lo
ng
te
rm c
ap
ital a
ppre
cia
tio
n th
roug
h a
po
rtfo
lio o
f fixe
d in
co
me
se
cu
ritie
s,
Gold
ET
Fs o
f o
ther
mu
tua
l fu
nd
s a
nd
gold
re
late
d
instr
um
en
ts a
nd
Eq
uity &
Eq
uity r
ela
ted I
nstr
um
en
ts.
Ho
w-
eve
r th
ere
ca
n b
e n
o a
ssu
ran
ce
th
at th
e in
ve
stm
en
t o
bje
ctive
of
the
sch
em
e w
ill b
e a
ch
ieve
d
Cri
sil
MIP
B
len
de
d I
nd
ex
+ P
rice
of G
old
in
the
ra
tio
85
:15
Mr. K
illol P
an
dya
& M
r. A
mit N
iga
m
Re
gu
lar/
Dir
ect
Gro
wth
/Mo
nth
ly D
ivi-
de
nd
/Qu
art
erl
y
Div
ide
nd
Ye
s
` 1
000
/-
Mu
ltip
les o
f `
1/-
th
ere
after
`
10
0/-
M
ultip
les o
f ` 1
/-
the
rea
fte
r N
il
Pe
erl
ess
Eq
uity
Fu
nd
An
Op
en
En
de
d
Eq
uity S
ch
em
e
28
th S
ep
tem
be
r,
20
11
To
g
en
era
te lo
ng
te
rm
ca
pital
ap
pre
cia
tio
n b
y in
vestin
g i
n
an
actively
ma
na
ge
d p
ort
folio
pre
do
min
ante
ly c
on
sis
tin
g o
f e
qu
ity a
nd
eq
uity r
ela
ted
sce
na
rio.
Ho
we
ver
the
re is n
o
assu
ran
ce
or
gu
ara
nte
e t
ha
t th
e inve
stm
en
t ob
jective
of
the
sch
em
e w
ill b
e a
chie
ve
d. T
he
sche
me
do
es n
ot
assu
re o
r g
ua
ran
tee a
ny r
etu
rns
NIF
TY
50
In
dex
Mr. A
mit N
iga
m
Re
gu
lar/
Dir
ect
Gro
wth
/No
rma
l D
ivid
en
d/
Qu
art
erl
y D
ivid
en
d /
Half Y
ea
rly D
ivid
en
d/
Ye
arl
y D
ivid
en
d
Ye
s
` 1
000
/-
Mu
ltip
les o
f ` 1
/- th
ere
afte
r ` 1
/-
Mu
ltip
les o
f `
1/-
t
he
rea
fte
r N
il
Pe
erl
ess L
on
g
Te
rm A
dva
n-
tage
Fu
nd
An
Op
en
En
de
d
Eq
uity L
inke
d
Savin
gs S
ch
em
e
30
th D
ece
mb
er,
20
15
Th
e S
ch
em
e w
ill see
k t
o invest
pre
do
min
antly in
a d
ive
rsifie
d
po
rtfo
lio
of
eq
uity
an
d e
quity r
ela
ted
instr
um
en
ts
w
ith
th
e
ob
jective
t
o
pro
vid
e
inve
sto
rs
with
o
pp
ort
uni-
tie
s fo
r ca
pital
app
recia
tio
n
an
d
inco
me
gen
era
tio
n
a
long
with
th
e
be
nefit
of
in
co
me
t
ax
de
du
ctio
n
(un
de
r
Se
ctio
n 8
0C
o
f
the
In
co
me
T
ax
Act,
1
96
1)
o
n
th
eir
investm
en
ts.
Sp
ecifie
d
Inve
sto
rs
in
the
S
ch
em
e
are
e
ntitle
d
to
de
du
ction
s o
f
the
a
mo
un
t in
ve
ste
d
in
Units
of
th
e
Sch
em
e,
su
bje
ct
to
a
ma
xim
um
o
f `
1,5
0,0
00
/-
un
de
r
an
d
in
term
s o
f
Se
ctio
n
80
C
(
2)
(x
iii)
o
f
the
I
nco
me
T
ax
Act,
1
96
1.
Investm
en
t in
this
sch
em
e w
ou
ld b
e s
ub
ject
to s
tatu
tory
lock-
in p
eri
od
of 3
ye
ars
fro
m t
he
da
te o
f allo
tme
nt
to b
e e
ligib
le fo
r in
co
me
ta
x
be
ne
fit u
nd
er
se
ctio
n 8
0 C
. T
here
ca
n b
e n
o a
ssu
ran
ce
tha
t th
e investm
en
t o
bje
ctive
un
de
r th
e S
ch
em
e w
ill b
e r
ea
lized
.
S&
P B
SE
10
0
Ind
ex
Mr. A
mit N
iga
m
Re
gu
lar/
Dir
ect
Gro
wth
/ D
ivid
en
d
No
` 5
00/-
M
ultip
les o
f ` 5
00
/- t
here
aft
er
`
50
0/-
M
ultip
les o
f ` 5
00
/-
the
rea
fte
r N
il
Pe
erl
ess
Mid
ca
p F
un
d
An
Op
en
En
de
d
Eq
uity S
ch
em
e
07
th D
ece
mb
er,
20
15
Th
e inve
stm
en
t o
bje
ctive
of
the s
ch
em
e i
s t
o g
en
era
te
me
diu
m t
o lon
g-t
erm
ca
pital ap
pre
cia
tion
by inve
stin
g p
re-
do
min
an
tly in
equity a
nd
eq
uity r
ela
ted
se
cu
rities o
f m
id c
ap
co
mp
an
ies.
Ho
we
ver, t
here
is n
o a
ssu
ran
ce
or
gu
ara
nte
e t
ha
t th
e investm
en
t o
bje
ctive
of
the
Sch
em
e w
ill b
e a
chie
ve
d.
Th
e
Sch
em
e d
oe
s n
ot
assu
re o
r g
ua
ran
tee
any r
etu
rns.
Nifty
Mid
ca
p
10
0
Ind
ex
Mr. A
mit N
iga
m
Re
gu
lar
/ D
ire
ct
Gro
wth
/ D
ivid
en
d
Ye
s
` 1
00
0/-
M
ultip
les o
f ` 1
/- th
ere
afte
r `
100
/-
Mu
ltip
les o
f ` 1
/-
the
rea
fte
r N
il 14
FU
ND
S A
T A
GL
AN
CE
FO
R P
EE
RL
ES
S M
UT
UA
L F
UN
D
Sch
em
e N
am
e
Min
imu
m
Red
em
pti
on
Min
Red
em
pti
on
u
nit
s
Red
em
pti
on
P
ayo
ut
Cycle
S
IP
SIP
Fre
qu
en
cy
SIP
Min
am
t S
IP M
in n
o. o
f C
hq
s
SIP
Sta
rtin
g D
ate
S
WP
S
WP
F
req
uen
cy
SW
P M
in.
Am
t S
WP
Sta
rtin
g D
ate
S
TP
S
TP
Fre
qu
en
cy
ST
P M
in A
mt
ST
P S
tart
ing
Date
Peerl
ess L
iqu
id
Fu
nd
` 1
000/-
an
d in
mu
ltip
les
of
` 1
/- t
here
aft
er
or
acco
un
t b
ala
nce w
hic
hever
is lo
wer
NA
T
+1
Yes
Fo
rtn
igh
tly
Mo
nth
ly, Q
uart
erl
y
& H
alf
Yearl
y
Fo
rtn
igh
tly- ` 5
00
Mo
nth
ly- `
500
Qu
art
erl
y-
` 1
000
Half
Yearl
y- ` 2
000
Fo
rtn
igh
tly 2
4 in
sta
ll-
men
ts, M
on
thly
12
-in
sta
llm
en
ts,Q
uart
erl
y 4
in
sta
llm
en
ts,H
alf
Yearl
y 2
in
sta
llm
en
ts
Fo
rtn
igh
tly,
every
alt
ern
ate
wed
nesd
ay
1st,
7th
,10th
,15th
, 20th
, 25th
of
every
mo
nth
/ q
uart
er
an
d h
alf
yearl
y
Yes
Mo
nth
ly
an
d Q
uar-
terl
y
Mo
nth
ly-
`
500/-
Qu
art
erl
y-
` 1
500/-
Mo
nth
ly:
5th
of
the
mo
nth
; Q
uart
erl
y 5
th o
f A
pri
l, J
uly
, O
cto
ber,
Jan
uary
Yes
Dail
y,
Weekly
, fo
rtn
igh
tly a
nd
M
on
thly
Dail
y -
` 5
0/-
Fo
rt-
nig
htl
y W
eekly
&
Mo
nth
ly
`
500
Dail
y,
Weekly
(every
Wed
nes-
day)
Fo
rtn
igh
tly (
every
alt
ern
ate
Wed
nesd
ay)
Mo
nth
ly
(as o
n s
pecif
ied
date
s)
Peerl
ess U
ltra
S
ho
rt T
erm
F
un
d
` 1
000/-
an
d in
mu
ltip
les
of
`
1/-
th
ere
aft
er
or
acco
un
t b
ala
nce w
hic
hever
is lo
wer
NA
T
+1
Yes
Fo
rtn
igh
tly
Mo
nth
ly, Q
uart
erl
y
& H
alf
Yearl
y
Fo
rtn
igh
tly- ` 5
00
Mo
nth
ly- `
500
Qu
art
erl
y-
` 1
000
Half
Yearl
y- ` 2
000
Fo
rtn
igh
tly 2
4 in
sta
ll-
men
ts, M
on
thly
12
-in
sta
llm
en
ts,Q
uart
erl
y 4
in
sta
llm
en
ts,H
alf
Yearl
y 2
in
sta
llm
en
ts
Fo
rtn
igh
tly,
every
alt
ern
ate
wed
nesd
ay
1st,
7th
,10th
,15th
, 20th
, 25th
of
every
mo
nth
/ q
uart
er
an
d h
alf
yearl
y
Yes
Mo
nth
ly
an
d Q
uar-
terl
y
Mo
nth
ly-
`
500/-
Qu
art
erl
y-
` 1
500/-
Mo
nth
ly:
5th
of
the
mo
nth
; Q
uart
erl
y 5
th o
f A
pri
l, J
uly
, O
cto
ber,
Jan
uary
Yes
Dail
y,
Weekly
, fo
rtn
igh
tly a
nd
M
on
thly
Dail
y -
` 5
0/-
Fo
rt-
nig
htl
y W
eekly
&
Mo
nth
ly
` 5
00
Dail
y,
Weekly
(e
very
Wed
nesd
ay)
Fo
rt-
nig
htl
y
(every
alt
ern
ate
Wed
nes-
day)
Mo
nth
ly (
as o
n
sp
ecif
ied
d
ate
s)
Peerl
ess S
ho
rt
Term
Fu
nd
` 1
000/-
an
d in
mu
ltip
les
of
` 1
/- t
here
aft
er
100 u
nit
s o
r acco
un
t b
ala
nce w
hic
hever
is
low
er
T+
1
Yes
Fo
rtn
igh
tly
Mo
nth
ly, Q
uart
erl
y
& H
alf
Yearl
y
Fo
rtn
igh
tly- `
500
Mo
nth
ly- `
500
Qu
art
erl
y- `` 1
000
Half
Yearl
y- `
2000
Fo
rtn
igh
tly 2
4 in
sta
ll-
men
ts, M
on
thly
12
-in
sta
llm
en
ts,Q
uart
erl
y 4
in
sta
llm
en
ts,H
alf
Yearl
y 2
in
sta
llm
en
ts
Fo
rtn
igh
tly,
every
alt
ern
ate
wed
nesd
ay
1st,
7th
,10th
,15th
, 20th
, 25th
of
every
mo
nth
/ q
uart
er
an
d h
alf
yearl
y
Yes
Mo
nth
ly
an
d Q
uar-
terl
y
Mo
nth
ly-
` 5
00/-
Qu
art
erl
y-
` 1
500/-
Mo
nth
ly:
5th
of
the
mo
nth
; Q
uart
erl
y 5
th o
f A
pri
l, J
uly
, O
cto
ber,
Jan
uary
Yes
Dail
y,
Weekly
, fo
rtn
igh
tly a
nd
M
on
thly
Dail
y -
` 5
0/-
Fo
rt-
nig
htl
y W
eekly
&
Mo
nth
ly
`
500
Dail
y,
Weekly
(e
very
Wed
nesd
ay)
Fo
rt-
nig
htl
y
(every
alt
ern
ate
Wed
nes-
day)
Mo
nth
ly (
as o
n
sp
ecif
ied
d
ate
s)
Peerl
ess
Fle
xib
le
Inco
me F
un
d
` 1
000/-
an
d in
mu
ltip
les
of
` 1
/- t
here
aft
er
100 u
nit
s o
r acco
un
t b
ala
nce w
hic
hever
is
low
er
T+
1
Yes
Fo
rtn
igh
tly
Mo
nth
ly, Q
uart
erl
y
& H
alf
Yearl
y
Fo
rtn
igh
tly-
`
500
Mo
nth
ly- `
500
Qu
art
erl
y- ` 1
000
Half
Yearl
y- `
2000
Fo
rtn
igh
tly 2
4 in
sta
ll-
men
ts, M
on
thly
12
-in
sta
llm
en
ts,Q
uart
erl
y 4
in
sta
llm
en
ts,H
alf
Yearl
y 2
in
sta
llm
en
ts
Fo
rtn
igh
tly,
every
alt
ern
ate
wed
nesd
ay
1st,
7th
,10th
,15th
, 20th
, 25th
of
every
mo
nth
/ q
uart
er
an
d h
alf
yearl
y
Yes
Mo
nth
ly
an
d Q
uar-
terl
y
Mo
nth
ly-
`
500/-
Qu
art
erl
y-
` 1
500/-
Mo
nth
ly:
5th
of
the
mo
nth
; Q
uart
erl
y 5
th o
f A
pri
l, J
uly
, O
cto
ber,
Jan
uary
Yes
Dail
y,
Weekly
, fo
rtn
igh
tly a
nd
M
on
thly
Dail
y -
` 5
0/-
Fo
rt-
nig
htl
y W
eekly
&
Mo
nth
ly
`
500
Dail
y,
Weekly
(e
very
Wed
nesd
ay)
Fo
rt-
nig
htl
y
(every
alt
ern
ate
Wed
nes-
day)
Mo
nth
ly (
as o
n
sp
ecif
ied
d
ate
s)
Peerl
ess
Inco
me
Plu
s F
un
d
`
1000/-
an
d in
mu
ltip
les
o
f ` 1
/- t
here
aft
er
100 u
nit
s o
r acco
un
t b
ala
nce w
hic
hever
is
low
er
T+
2
Yes
Fo
rtn
igh
tly
Mo
nth
ly, Q
uart
erl
y
& H
alf
Yearl
y
Fo
rtn
igh
tly- `
500
Mo
nth
ly- `
500
Qu
art
erl
y- ` 1
000
Half
Yearl
y- `
2000
Fo
rtn
igh
tly 2
4 in
sta
ll-
men
ts, M
on
thly
12
-in
sta
llm
en
ts,Q
uart
erl
y 4
in
sta
llm
en
ts,H
alf
Yearl
y 2
in
sta
llm
en
ts
Fo
rtn
igh
tly,
every
alt
ern
ate
wed
nesd
ay
1st,
7th
,10th
,15th
, 20th
, 25th
of
every
mo
nth
/ q
uart
er
an
d h
alf
yearl
y
Yes
Mo
nth
ly
an
d Q
uar-
terl
y
Mo
nth
ly-
`
500/-
Qu
art
erl
y-
` 1
500/-
Mo
nth
ly:
5th
of
the
mo
nth
; Q
uart
erl
y 5
th o
f A
pri
l, J
uly
, O
cto
ber,
Jan
uary
Yes
Dail
y,
Weekly
, fo
rtn
igh
tly a
nd
M
on
thly
Dail
y -
` 5
0/-
Fo
rt-
nig
htl
y W
eekly
&
Mo
nth
ly
`
500
Dail
y,
Weekly
(e
very
Wed
nesd
ay)
Fo
rt-
nig
htl
y
(every
alt
ern
ate
Wed
nes-
day)
Mo
nth
ly (
as o
n
sp
ecif
ied
d
ate
s)
Peerl
ess 3
in
1 F
un
d
` 1
000/-
or
acco
un
t b
ala
nce, w
hic
h e
ver
is
low
er
100 u
nit
s o
r acco
un
t b
ala
nce w
hic
hever
is
low
er
T+
3
Yes
Fo
rtn
igh
tly
Mo
nth
ly, Q
uart
erl
y
& H
alf
Yearl
y
Fo
rtn
igh
tly- `
500
Mo
nth
ly- `
500
Qu
art
erl
y- ` 1
000
Half
Yearl
y- `
2000
Fo
rtn
igh
tly 2
4 in
sta
ll-
men
ts, M
on
thly
12
-in
sta
llm
en
ts,Q
uart
erl
y 4
in
sta
llm
en
ts,H
alf
Yearl
y 2
in
sta
llm
en
ts
Fo
rtn
igh
tly,
every
alt
ern
ate
wed
nesd
ay
1st,
7th
,10th
,15th
, 20th
, 25th
of
every
mo
nth
/ q
uart
er
an
d h
alf
yearl
y
Yes
Mo
nth
ly
an
d Q
uar-
terl
y
Mo
nth
ly-
`
500/-
Qu
art
erl
y-
` 1
500/-
Mo
nth
ly:
5th
of
the
mo
nth
; Q
uart
erl
y 5
th o
f A
pri
l, J
uly
, O
cto
ber,
Jan
uary
Yes
Dail
y,
Weekly
, fo
rtn
igh
tly a
nd
M
on
thly
Dail
y -
` 5
0/-
Fo
rt-
nig
htl
y W
eekly
&
Mo
nth
ly
`
500
Dail
y,
Weekly
(e
very
Wed
nesd
ay)
Fo
rt-
nig
htl
y
(every
alt
ern
ate
Wed
nes-
day)
Mo
nth
ly (
as o
n
sp
ecif
ied
d
ate
s)
Peerl
ess E
qu
ity
Fu
nd
`
1000/-
or
acco
un
t b
ala
nce, w
hic
h e
ver
is
low
er
100 u
nit
s o
r acco
un
t b
ala
nce w
hic
hever
is
low
er
T+
3
Yes
Fo
rtn
igh
tly
Mo
nth
ly, Q
uart
erl
y
& H
alf
Yearl
y
Fo
rtn
igh
tly- `
500
Mo
nth
ly- `
500
Qu
art
erl
y- ` 1
000
Half
Yearl
y- `
2000
Fo
rtn
igh
tly 2
4 in
sta
ll-
men
ts, M
on
thly
12
-in
sta
llm
en
ts,Q
uart
erl
y 4
in
sta
llm
en
ts,H
alf
Yearl
y 2
in
sta
llm
en
ts
Fo
rtn
igh
tly,
every
alt
ern
ate
wed
nesd
ay
1st,
7th
,10th
,15th
, 20th
, 25th
of
every
mo
nth
/ q
uart
er
an
d h
alf
yearl
y
Yes
Mo
nth
ly
an
d Q
uar-
terl
y
Mo
nth
ly-
`
500/-
Qu
art
erl
y-
` 1500/-
Mo
nth
ly:
5th
of
the
mo
nth
; Q
uart
erl
y 5
th o
f A
pri
l, J
uly
, O
cto
ber,
Jan
uary
Yes
Dail
y,
Weekly
, fo
rtn
igh
tly a
nd
M
on
thly
Dail
y -
` 5
0/-
Fo
rt-
nig
htl
y W
eekly
&
Mo
nth
ly
`
500
Dail
y,
Weekly
(e
very
Wed
nesd
ay)
Fo
rt-
nig
htl
y
(every
alt
ern
ate
Wed
nes-
day)
Mo
nth
ly (
as o
n
sp
ecif
ied
d
ate
s)
Peerl
ess L
on
g
Term
Ad
van
-ta
ge F
un
d
` 1
000/-
or
acco
un
t b
ala
nce, w
hic
h e
ver
is
low
er
100 u
nit
s o
r acco
un
t b
ala
nce w
hic
hever
is
low
er
T+
3
Yes
Fo
rtn
igh
tly
Mo
nth
ly, Q
uart
erl
y
& H
alf
Yearl
y
Fo
rtn
igh
tly- `
500
Mo
nth
ly- `
500
Qu
art
erl
y- ` 1
000
Half
Yearl
y- `
2000
Fo
rtn
igh
tly 2
4 in
sta
ll-
men
ts,
Mo
nth
ly 1
2 in
sta
llm
en
ts,
Qu
art
erl
y 4
in
sta
llm
en
ts, H
alf
Y
earl
y 2
in
sta
llm
en
ts
Fo
rtn
igh
tly,
every
alt
er-
n
ate
Wed
nesd
ay
1st,
7th
,10th
,15th
, 20th
, 25th
of
every
mo
nth
/
qu
art
er
an
d h
alf
yearl
y
*Yes
Mo
nth
ly
&
Qu
art
erl
y
Mo
nth
ly-
`
500/-
Qu
art
erl
y-
` 1
500/-
Mo
nth
ly:
5th
of
the
mo
nth
; Q
uart
erl
y 5
th o
f A
pri
l, J
uly
, O
cto
ber,
Jan
uary
*Yes
Dail
y,
Weekly
, fo
rtn
igh
tly a
nd
M
on
thly
Dail
y -
` 50/-
each
F
ort
nig
htl
y W
eekly
&
Mo
nth
ly
`
500 e
ach
Dail
y,
Weekly
(e
very
Wed
nesd
ay)
Fo
rt-
nig
htl
y
(every
alt
ern
ate
Wed
nes-
day)
Mo
nth
ly (
as o
n
sp
ecif
ied
d
ate
s)
Peerl
ess
Mid
cap
Fu
nd
` 1
000/-
or
acco
un
t b
ala
nce, w
hic
h e
ver
is
low
er
100 u
nit
s o
r acco
un
t b
ala
nce w
hic
hever
is
low
er
T+
3
Yes
Fo
rtn
igh
tly
Mo
nth
ly, Q
uart
erl
y
& H
alf
Yearl
y
Fo
rtn
igh
tly- `
500
Mo
nth
ly- `
500
Qu
art
erl
y- ` 1
000
Half
Yearl
y- `
2000
Fo
rtn
igh
tly 2
4 in
sta
ll-
men
ts,
Mo
nth
ly 1
2 in
sta
llm
en
ts,
Qu
art
erl
y 4
in
sta
llm
en
ts, H
alf
Y
earl
y 2
in
sta
llm
en
ts
Fo
rtn
igh
tly,
every
alt
er-
n
ate
Wed
nesd
ay
1st,
7th
,10th
,15th
, 20th
, 25th
of
every
mo
nth
/
qu
art
er
an
d h
alf
yearl
y
Yes
Mo
nth
ly
&
Qu
art
erl
y
Mo
nth
ly-
`
500/-
Qu
art
erl
y-
` 1
500/-
Mo
nth
ly:
5th
of
the
mo
nth
; Q
uart
erl
y 5
th o
f A
pri
l, J
uly
, O
cto
ber,
Jan
uary
Yes
Dail
y,
Weekly
, fo
rtn
igh
tly a
nd
M
on
thly
Dail
y -
` 50/-
each
F
ort
nig
htl
y W
eekly
&
Mo
nth
ly
`
500 e
ach
Dail
y,
Weekly
(every
Wed
nes-
day)
Fo
rtn
igh
tly(e
very
alt
er-
nate
Wed
nesd
ay)M
on
thly
(as
on
sp
ecif
ied
date
s)
Note
: T
he T
ruste
e w
ill e
nde
avo
r to
de
cla
re t
he
Div
iden
d a
s p
er
the s
pe
cifie
d f
req
uen
cie
s,
su
bje
ct
to a
va
ilab
ility
of
dis
trib
uta
ble
su
rplu
s c
alc
ula
ted
in
accord
an
ce
with
th
e R
eg
ula
tio
ns.
Th
e a
ctu
al
de
cla
ratio
ns o
f D
ivid
en
d a
nd
fre
qu
en
cy w
ill inte
r-a
lia d
ep
en
d o
n a
vaila
bili
ty o
f d
istr
ibu
table
su
rplu
s
ca
lcula
ted
in a
ccord
an
ce
with S
EB
I (M
F)
Reg
ula
tio
ns a
nd t
he d
ecis
ion
s o
f th
e T
ruste
e s
ha
ll b
e f
inal
in t
his
reg
ard
. T
he
re i
s n
o a
ssu
ran
ce
or
gua
ran
tee
to
th
e U
nit h
old
ers
as t
o t
he
ra
te o
f D
ivid
en
d n
or
tha
t th
e D
ivid
en
d w
ill b
e p
aid
re
gula
rly.
Div
ide
nd p
aya
ble
un
de
r D
ivid
end
Pa
yo
ut
op
tio
n
(Wee
kly
Op
tion
) is
eq
ual to
or
less t
ha
n `
500
th
en
the
Div
ide
nd
wo
uld
be c
om
pu
lso
rily
rein
ve
ste
d in t
he o
ptio
n o
f th
e S
ch
em
e.
In c
ase
an inve
sto
r fa
ils t
o s
pe
cify h
is p
refe
ren
ce o
f P
lans/S
ub
Pla
ns/O
ptio
ns in
th
e b
elo
w m
en
tio
ned
sch
em
es,
the
de
fault P
lan
/Su
b P
lan
/Op
tio
ns w
ou
ld b
e a
s a
bo
ve
. *
SW
P/S
TP
availa
ble
only
aft
er
co
mp
letio
n o
f sta
tuto
ry lo
ck-i
n p
eri
od
of 3
ye
ars
fro
m t
he
da
te o
f in
ve
stm
en
t b
y t
he
in
ve
sto
r.
Any in
form
ation
here
in c
onta
ined
do
es n
ot
con
stitu
te a
nd
sh
all
be
de
em
ed
no
t to
con
stitu
te a
n a
dvic
e,
an
offe
r to
sell/
purc
ha
se
or
as a
n invita
tio
n o
r solic
ita
tio
n t
o d
o s
o f
or
any s
ecu
ritie
s o
f a
ny e
ntity
, a
nd
fu
rth
er, P
ee
rle
ss F
un
ds M
an
ag
em
en
t C
o.
Ltd
. (P
FM
CL).
Its
su
bsid
iaries /
affili
ate
s/ sp
on-
so
rs / tru
ste
e (
Pe
erl
ess F
un
ds M
an
ag
em
en
t C
o L
td. G
rou
p)
or
their
off
ice
rs,
em
plo
ye
es,
pe
rso
nn
el, d
ire
cto
rs m
ay b
e a
sso
cia
ted in a
co
mm
erc
ial, p
rofe
ssio
nal o
r p
ers
on
al ca
pa
city o
r m
ay h
ave a
co
mm
erc
ial in
tere
st in
clu
din
g a
s p
rop
rieta
ry t
rad
ers
in o
r w
ith s
ecu
ritie
s a
nd /
or
co
mp
an
ies o
r is
su
es
or
ma
tte
rs a
s c
onta
ine
d in
this
pu
blic
atio
n a
nd s
uch
co
mm
erc
ial cap
acity o
r in
tere
st
wh
eth
er
or
not
diffe
ring
with
or
co
nflic
ting
with
this
pub
lica
tio
n,
sh
all
no
t m
ake
or
ren
de
r (P
FM
CL
Gro
up
) lia
ble
in a
ny m
an
ne
r w
ha
tso
eve
r &
(P
FM
CL
Gro
up
) o
r a
ny o
f th
eir
offic
ers
, e
mp
loyee
s,
pe
rso
nnel, d
ire
c-
tors
sh
all
no
t b
e lia
ble
fo
r a
ny lo
ss,
da
ma
ge
, lia
bili
ty w
ha
tso
eve
r fo
r a
ny d
ire
ct
or
indir
ect
loss a
risin
g f
rom
th
e u
se
or
acce
ss o
f a
ny i
nfo
rma
tio
n t
hat
may b
e d
isp
laye
d in
this
pu
blic
ation
fo
rm t
ime
to
tim
e.
Re
cip
ien
ts o
f th
e in
form
atio
n c
on
tain
ed
here
in s
ho
uld
exe
rcis
e d
ue
care
an
d c
au
tio
n a
nd
rea
d t
he S
ch
em
e i
nfo
rma
tio
n D
ocu
me
nt(
s)
and
Sta
tem
en
t o
f A
dditio
nal in
form
atio
n (
inclu
din
g i
f n
ece
ssa
ry,
ob
tain
ing
th
e a
dvic
e o
f ta
x/
lega
l/a
cco
un
ting
/ fina
ncia
l/ o
ther
pro
fessio
nals
) p
rior
to t
akin
g o
f a
ny d
ecis
ion
, a
ctin
g o
r o
mittin
g to
act,
on t
he b
asis
of
the i
nfo
rma
tion
con
tain
ed
he
rein
. T
he
pri
ntin
g a
nd
ma
iling
cost
this
ne
wsle
tter
is c
harg
ed
to
th
e r
espe
ctive s
ch
em
es s
ub
ject
to S
ecu
rities &
Exc
ha
ng
e B
oa
rd o
f In
dia
(M
utu
al F
und
s)
Re
gu
latio
ns, 1
99
6.
CA
RE
Ra
tin
g M
eth
od
olo
gy:
Pe
erl
ess L
iquid
Fu
nd
, P
ee
rle
ss U
ltra
Sh
ort
Term
Fu
nd
& P
ee
rless F
lexib
le I
nco
me
Fu
nd
have b
ee
n a
ssig
ne
d “
Cre
dit R
isk R
ating
AA
Am
fs”
by C
AR
E R
atin
g (
Cre
dit A
naly
sis
an
d R
ese
arc
h L
imite
d)
CA
RE
’s f
un
d c
redit q
ualit
y r
atin
gs a
re o
pin
ions o
n t
he o
ve
rall
cre
dit
qu
alit
y o
f spe
cific
de
bt
mu
tua
l fu
nd
. T
he
ra
ting c
ap
ture
s f
un
d’s
ove
rall
exp
osu
re to
de
fault r
isk.
CA
RE
use
s t
he
co
nce
pt
of
cre
dit s
core
s,
assig
ned
to
ind
ivid
ual se
curi
ties, a
s p
er
cre
dit s
co
rin
g m
atr
ix d
eve
lop
ed
by C
AR
E.
Th
e s
core
is e
ssen
tially
a f
un
ctio
n o
f th
e c
redit q
ualit
y a
nd
ra
tin
g o
f se
curi
ty
an
d its
inte
rnal re
sid
ual m
atu
rity
. T
he
ratin
g inclu
de
s a
sse
ssm
en
t o
f va
rio
us q
ualit
ative
fa
cto
rs in
clu
din
g m
an
ag
em
en
t q
ua
lity a
nd
ma
na
gem
en
t in
form
atio
n s
yste
ms a
nd
ris
k m
an
ag
em
en
t syste
ms in
va
riou
s o
pe
ratio
nal a
rea
s.
CA
RE
re
vie
ws t
he
rela
ted
mu
tua
l fu
nd
on
an
on
goin
g b
asis
to
su
pp
ort
its p
ublish
ed
ra
tin
g o
pin
ion
s.
A d
eta
iled
me
tho
do
log
y c
an
be
sou
rced
fro
m w
ww
.ca
rera
ting
s.c
om
or
Cre
dit A
naly
sis
& R
ese
arc
h L
td.
Sta
tuto
ry d
eta
ils
: P
ee
rle
ss M
utu
al F
und
ha
s b
ee
n e
sta
blis
he
d a
s a
Tru
st u
nd
er
the
In
dia
n T
rusts
Act,
188
2,
sp
on
sore
d b
y T
he
Pe
erl
ess G
en
era
l F
ina
nce
& In
vestm
en
t C
om
pa
ny L
imite
d (
liabili
ty r
estr
icte
d t
o R
s 1
La
kh).
T
ruste
e:
Pe
erl
ess T
rust
Ma
nag
em
en
t C
o.
Lim
ite
d In
ve
stm
en
t M
an
ag
er:
Pe
erl
ess F
un
ds M
an
ag
em
en
t C
o.
Lim
ite
d(t
he
AM
C)
MU
TU
AL
FU
ND
IN
VE
ST
ME
NT
S A
RE
SU
BJ
EC
T T
O M
AR
KE
T R
ISK
S,
RE
AD
AL
L S
CH
EM
E R
EL
AT
ED
DO
CU
ME
NT
S C
AR
EF
UL
LY.
This
fa
ct
sh
ee
t is
for
info
rma
tio
nal p
urp
ose
only
an
d u
nde
r n
o c
ircu
msta
nce
s is to
be u
se
d o
r co
nsid
ere
d a
s a
n inve
stm
en
t a
dvic
e
15
16
Reach us in at
PEERLESS MUTUAL FUND OFFICES
Registered Office: Peerless Funds Management Co. Limited, 3rd Floor, Peerless Mansion, 1, Chowringhee Square, Kolkata - 700 069. Tel 033 4018 5000, Fax : 033 40185010. CIN No:
U65990WB2009PLC134537 Investment & Operations Office : 102, Centrepoint, J.B. Nagar, Andheri - Kurla Road, Andheri (East) , Mumbai – 400 059. Tel 022 6177 9922 Toll Free : 1800 103 8999 Fax : 022 6177 9996. Branches/Customer Service Centres :
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Please refer to page no 14 and 15 for statutory details
PR0DUCT LABELING
NAME OF THE SCHEME THESE PRODUCTS ARE SUIABLE FOR INVESTORS WHO ARE SEEKING* RISKOMETER
Peerless Liquid Fund
(An Open Ended Liquid Scheme) Income over short term.
Investment in debt and money market instruments.
Peerless Ultra Short Term Fund
(An Open Ended Debt Scheme) Income over short term.
Investment in money market and short term debt instruments.
Peerless Short Term Fund
(An Open Ended Debt Scheme) Income over short to medium term.
Investment in debt and money market instruments.
Peerless Flexible Income Fund
(An Open Ended Debt Scheme) Income over medium to long term.
Investment in debt instruments including bonds, debentures and
government securities and money market instruments over various maturity periods.
Peerless Income Plus Fund
(An Open Ended Debt Scheme) Income over medium to long term.
Investment in high quality fixed income securities and with a marginal
exposure to equity and equity related instruments.
Peerless 3 In 1 Fund
(An Open Ended Hybrid Scheme) Capital appreciation over long term.
Investment in fixed income securities equity & equity related instruments
and Gold Exchange Traded Funds and gold related instruments.
Peerless Equity Fund
(An Open Ended Equity Scheme) Capital appreciation over long term.
Investment in Equity & equity related securities diversified over various
sectors.
Peerless Midcap Fund
(An Open Ended Equity Scheme) Capital appreciation over medium to long term.
Investment in Equity & equity related securities of midcap companies.
Peerless Long Term Advantage Fund
(An Open Ended Equity Linked Savings Scheme) Capital appreciation over long term.
Investment in Equity & equity related Instruments.
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.