Post on 15-Jul-2020
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FACTSHEET
June, 2017 World Nature Conservation Day is observed on 28
th July all over the world with the objective
of increasing awareness about and protecting the natural resources that the Earth is bestowed with. Problems like deforestation and illegal wildlife trade are rising in many countries. In India, the government has recognized this problem and taken initiatives to reverse it. Nagar Van Ud-yan Scheme, Waste Management under Swachh Bharat Abhiyaan, Project Tiger, etc are few such initiatives. To ensure the well-being of our present and future generations, we all must par-ticipate to protect, conserve, and sustainably manage our natural resources. Peerless Family urges you to make such a conscious effort to contribute to the global efforts in conserving nature and the benefits they provide to us.
(Source: www.sustainability-initiatives.org/ www.dnaindia.com)
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Best of Both Worlds Don’t be intimidated by the choices on offer; there are options for smooth ini-
tiation into investing
As an investor, you face the dilemma of making a choice from the plethora of fund schemes that exist. More often, for someone new to investing, the experience of selecting a fund to start with is too intimidating that they procrastinate than make a decision on choosing a fund scheme to invest in. To address the needs of the unini-tiated, especially those looking to invest in equity funds, there are many variants that could be considered. To name few are the equity linked savings scheme (ELSS) or a balanced fund. Both these have all the necessary components which will address a first time investor’s concerns. ELSS: This fund is a boon for every tax payer, as investments in this fund qualifies for tax deductions under Section 80C up to `1.5 lakh in a financial year. Investments in this fund come with a three year lock-in, which is the least among other instruments in which savings and investments qualify for tax deduc-tions. The lock-in instills discipline among new investors to wait before reacting to the performance of the fund scheme to exit. Moreover, on completion of the lock-in, the Best of both worlds Don’t be intimidated by the choices on offer; there are options for smooth initiation into investing redeemed sum from this fund is tax free. The combination of equity and tax-saving makes ELSS an ideal gateway to equity. Balanced funds: As the name suggests, balanced funds maintain a pre-determined ratio between equity and
debt assets. Depending on the tilt towards equity or debt, the fund may be termed equity-oriented or debt-
oriented. What you need to keep in mind is that the equity-oriented type fund invests at least 65 per cent in
equities, while the debt-oriented fund invest about that much in debt assets. This type of fund scores with the
discipline they maintain towards asset balance, which means at a defined frequency, when the equity alloca-
tion goes above a band, the fund manager will exit equity proportionately and invest the proceeds into debt to
maintain the balance and vice-verse. In this manner, the asset allocation is maintained, which has proved to be
the factor to make investing a success. You have the choice to invest systematically in both these funds,
though when investing through a monthly SIP in ELSS, you will need to be cautious of the fact that each SIP
installment will need to stay invested for the three year lock-in, which is not a problem with the balanced funds.
Make a beginning, start investing in mutual funds.
Please feel free to share your feedback with us at connect@peerlessmf.co.in 2
3
Fixed Income Market Commentary for the month of June 2017
Liquidity: The month of June is usually associated with seasonal tightness towards the middle and end of the month due to tax outflows and quarter end phenomenon. Our markets saw some tightening measures by RBI through CMB issuance of about INR 30,000 Crs towards the end of the month. However, the overall liquidity situation remained reasonably com-fortable on the back of ample existing market liquidity. However, overnight rates remained volatile with CBLO rates ranging from about 6.27% to about 4.00%. Going forward, we expect the market liquidity to remain ade-quate though market sentiment may change if and when RBI announces further measures to temper liquidity. Inflation: CPI softened considerably and printed at 2.2% (Vs 3% last month). This was below market expectations. WPI inflation also softened and printed at +2.2% (Vs +3.85% last month) and was lower than market expectations. The IIP print remained positive and came in at + 3.1% (Vs +3.8% last month). However, IIP numbers are usually patchy and if we see persistently strong reading in IIP numbers it may hint at a pick-up in indus-trial activity in the economy. As of now, we may retain our view that the CPI inflation trajectory is falling and may continue to do so for some more time before hardening. Overall, CPI may remain within RBIs projections.
INR: The INR was rather rangebound during the month against the USD. INR began the month at about 64.46 (Vs USD) and ended the month at about 64.58. Going ahead, the currency may continue to exhibit some volatility. FPI flows, the global trajectory of the USD and other major cur-rencies may continue to cause volatility in the INR in the coming weeks. RBI MPC announced its monetary policy after the MPC meeting on 6th and 7th June and it may be worthwhile to state our preliminary views and com-ments on the same: Key Takeaways:
1. RBI MPC kept Repo and reverse Repo unchanged at 6.25% & 6.00% respectively.
2. CRR was also kept unchanged while the SLR level was reduced by 50bps to 20% w.e.f fortnight starting 24 June.
3. MPC observed that the current lowering seen in CPI due to food and fuel may be transient in nature and that increasing rural wages and demand driven consumption needs to be monitored from the inflation perspective.
4. RBI MPC states its CPI expectations for H1FY17-18 to be around 2.0% to 3.5% and for H2FY17-18 to be around 3.5% to 4.5%.
5. It reduced its real GVA forecasts from 7.4% to 7.3% (lowered by 10bps).
6. It also observed that global risks remain elevated and ex pressed concerns about materialization of these risks.
7. It expressed hope that the effects of demonetization ( as ob-served in the recent GDP numbers) may be transient in nature.
8. RBI appears to have taken a novel approach of focusing on tar-geted lending’ to sectors which are healthy and can drive eco-nomic growth as opposed to a simpler approach of monetary policy easing. It mentioned the housing sector as one such sec-tor.
Our views on the policy are as under: Views and Comments
1. RBI MPC has accepted that there are several moving parts to the macro-economic environment of India and thus retained rates while it adopts a wait-and-watch approach as it analyses incom-ing data.
2. A status quo on rates was expected by us as was the retention of the ‘Neutral’ stance of RBI while noting that the accommodative stance in 2015-16 had not succeeded in reviving the economy.
3. RBI reiterated its hope that banks will transmit monetary policy actions in a more efficient manner and thereby boost the eco-nomic revival of the economy – SLR reduction is a step in the direction of increasing liquidity with banks and promote lending at lower rates.
4. While RBI has reduced its inflation projections, it seems to con-tinue with its approach of modulating monetary policy depending on incoming data.
5. RBI remains considerably focused on managing inflation and the need to monitor underlying inflationary pressures.
6. Overall, the policy was an expected non-event as far as rate ac-tion is concerned. In addition RBI has (expectedly) not changed its stance and kept it at Neutral.
7. RBI appears to have retained rates and kept its stance un-changed in the interest of avoiding ‘premature action’ which could dent its ‘credibility’. We believe this refer to RBI considering a tweak in rates only after looking more data prints and after filter-ing the several transient and short-term data trends which may be blurring the long term perspective.
8. From the market perspective, this policy is broadly neutral for bond participants. The policy seeks to clarify RBIs line of thought and refocus on core issues such as management of inflation and economic revival rather than provide any significant clarity on interest rates.
Interest Rates and Outlook: Domestic bonds were broadly positive for the month of June before seeing some negative moves towards the end of the month. Bond markets reversed the positive sentiment and saw nega-tive moves in Gsec, Corp bonds and Money market instruments towards the end of the month on the back of relatively poor volumes. Money market instruments saw mixed moves along with some volatility in yields mainly on account of shifts in market liquidity as discussed earlier. Gilt securities were volatile with positive moves for most part of the month before giving up gains towards the end of the month due to relative reduc-tion in liquidity. The new benchmark 10 year paper (6.79% GS 2027) yield range moved from 6.62% at the beginning of June and ended the month at about 6.51% levels. Corporate bonds yields also saw volatility in yields and the movement was generally not as sharp as seen in select Gsecs as stated above. Overall, we reiterate our outlook that the RBI stance has shifted to neutral and may no longer be considered as having accommodative undertones. While this does dampen expectations regarding the extent of future rate cuts by RBI, we also hold the liquidity and lowering in RBI’s inflation out-look may contribute to a positive undertone in the domestic bond markets. Market liquidity may continue to be the single biggest driver behind bond market movements in the month to come. We may see some increase in corporate bond spreads in the coming weeks on the back of an expected increase in supply. Market participants shall closely monitor the progress of the Monsoons & market liquidity. Other factors to watch include Inflation (CPI, WPI) and growth (IIP) data along with global indicators such as FOMC rate actions, 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 con-text of a world-wide slowdown, domestic market participants may do well to have a positive outlook for domestic bond markets in the coming quar-ters. Going forward, we retain our view on domestic rates to be mildly positive with a long term perspective.
Mr. Killol Pandya (Head– Fixed Income)
(Data Source - Reuters, Bloomberg, RBI, Internal)
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Equity Market Commentary for the month of June 2017
Domestic Markets: After a positive May, June posted negative returns, with Sensex being down by 0.69% and NSE-50 Index being down by 0.99%. The S&P BSE midcap index was also down by 0.35% while the S&P BSE small-cap index closed 1.16% up. In June, among BSE Sector Indices, Realty and Consumer dur-ables posted best positive returns. Realty with 5.81% returns stood at the top of the table while PSU index lost the most, down by 5.88%. For the month, Rupee weakened by 0.16% and closed at 64.58 against US dollar. Domestic Macro Data India’s current account deficit (CAD) widened from USD 0.3 billion (or 0.1% of GDP) in 4QFY16 to USD 3.4 billion (or 0.6% of GDP) in 4QFY17, but slimmed from USD 22.1 billion (or 1.1% of GDP) in FY16 to USD 15.2 billion (or 0.7% of GDP) in FY17. Excluding gold, CAD had a surplus of USD 5 billion (or 0.9% of GDP) in 4QFY17 and USD 12.3 billion (or 0.5% of GDP) for FY17. In its latest Monetary Policy Committee (MPC) meeting, the Reserve Bank held its benchmark repo rate at 6.25%, left re-verse repo rate also unchanged at 6% and revised down its GVA growth forecasts for 2017-2018 by 10bps to 7.3%. SLR was cut by 50 bps to 20% while CRR was left unchanged at 4%. IIP grew 3.1% YoY in April, vs 3.8% (revised up from 2.7% re-ported earlier) in last month. Mining slowed down to 4.2% YoY compared to 9.7% YoY increase in March. Manufacturing in-creased by 2.6% YoY compared to 2.4% YoY in March. Elec-tricity (5.4% YoY expansion compared to 6.2% YoY expansion in March) witnessed some slowdown in growth. Capital goods declined by 1.3% YoY vs 9.6% YoY growth in March. India WPI inflation in May came in at 2.2%, compared to 3.85% last month led by dips in food and fuel inflation. CPI for May came in at 2.2%, compared to 3% last month. The MoM (month on month) decline was led by food and beverage. Food prices declined by 2.3% YoY vs 1.2% YoY increase in April. Manufac-tured products inflation was stable at 2.6% YoY vs 2.7% YoY in April. Core inflation was 4.3% YoY, up 20 bps on MoM basis. India’s trade deficit for May came in at USD 13.8 billion, USD 0.6 billion higher MoM. This is a 30 month high deficit and third straight month of widening. Exports in May were USD 24 billion (April – USD 24.6 billion). Imports at USD 37.9 billion, remained unchanged compared to last month.
Global Markets The US Federal Reserve raised its benchmark lending rate for the third time in six months to 1.25% from 1%. They have also maintained their outlook for one more rate hike in 2017. The ECB held its benchmark refinancing rate at 0% for the eleventh consecutive meeting on June 8th and closed the door to further rate cuts. The central bank also left the pace of its bond-purchases unchanged; saying a very substantial degree of monetary accommodation is still needed to support inflation in the medium term. China’s manufacturing PMI index rose to 51.7 in June com-pared to 51.2 in May. The service PMI for the same month rose to 54.9 from May’s 54.5.
Outlook The domestic markets seem to be in a consolidation phase af-ter the strong rally that we have witnessed post demonetization. This is visible across the breadth of the market – large caps to small caps. The not-so impressive quarterly corporate earnings, increase in US Fed rates and upcoming disruption due to im-plementation of GST all seem to have been digested well by the market. The increasing flow of domestic money – directly and through mutual funds is clearly the dominant factor driving the markets. GST is finally here as from 1
st July 2017 it has got imple-
mented, despite opposition from different quarters and a press-ing demand of postponement by some industries. We maintain that migration to GST regime is a structural change which would imply a shift of business towards the formal sector (most listed companies) – edging out the unorganized sector. It would be disruptive initially as both companies and government agen-cies go through their learning curves and adapt to the new re-gime. We are of the opinion that eventually one would see mar-ket shares migrating to formal sector from unformal sector. Our thesis is that companies in the formal sector (most listed companies are a part of these) would take the lead and gain in distribution reach. This would drive business and profitability growth. We maintain our stance that, over next few years, com-panies in businesses where the formal sector has small contri-bution within its own industry, would stand to gain the most. The coming month would witness corporate India declare the first quarter earnings and would carry some signs of initial dis-ruption caused due to GST implementation. We believe that investors can use any resultant volatility to increase allocations to equities to benefit from a medium to long term perspective. (Data Source - Reuters, Bloomberg, RBI, Internal)
Mr. Amit Nigam (Head - Equities)
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LIQUID FUND (an open ended liquid scheme)
CARE AAAmfs CARE(Credit Analysis and Research Limited Rating
(Source: www.careratings.com) (as on June 30, 2017)
Past Performance is no guarantee of future results.
For details please refer Page 15.
Portfolio as on June 30, 2017
Portfolio Holdings Rating % of Net Assets
CERTIFICATE OF DEPOSITS 29.11
ICICI Bank Ltd CRISIL A1+ 6.70
Andhra Bank CRISIL A1+ 5.62
Axis Bank Ltd CRISIL A1+ 5.62
RBL Bank Ltd ICRA A1+ 5.59
Yes Bank Ltd CRISIL A1+ 5.58
COMMERCIAL PAPER 29.03
Religare Finvest Ltd FITCH A1+ 6.71
National Bank for Agricultural & Rural Development CRISIL A1+ 6.69
Housing Development Finance Corporation Ltd ICRA A1+ 5.60
Sundaram Finance Ltd ICRA A1+ 5.60
Adani Enterprises BWR A1+ 4.43
FIXED DEPOSITS 0.22
HDFC Bank Ltd 0.22
Mutual Fund Units 6.53
CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
35.11
Total 100.00
Scheme Performance as on June 30, 2017
Period
Peerless Liquid Fund - Regular
Plan- Growth Option
CRISIL Liquid Fund Index
1 Year Govt. T-Bill
1 year CAGR % 7.12% 6.86% 6.53%
3 years CAGR % 8.00% 7.83% 7.57%
5 years CAGR % 8.58% 8.25% 7.36%
Since Inception CAGR % 8.42% 7.96% 6.74%
Current Value of investment if Rs 10,000/- was
invested prior 1 year (in Rs.) 10,711.54 10,685.56 10,653.33
Current Value of investment if Rs 10,000/- was
invested prior 3 years (in Rs.) 12,601.22 12,540.79 12,,450.67
Current Value of investment if Rs 10,000/- was
invested prior 5 years (in Rs.) 15,100.55 14,871.80 14,265.81
Current Value of investment if Rs 10,000/- was
invested on Inception date (in Rs.) 18,139.08 17,579.15 16,169.16
Expense structure for direct & regular plan will vary. 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 Regular Plan- Growth Option.
As on June 30, 2017 Average Maturity (Yrs)………………………………………………………………………………. 0.08 Modified Duration (Yrs)……………………………………………………………………………… 0.08 # TER - Reg (%)……………………………………………………………………………………….. 0.21 # TER - Direct (%)…………………………………………………………………………………….. 0.09 Portfolio Yield (%)……………………………………………………………………………………. 6.69
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 assurance that the invest-ment objective will be achieved. The scheme does not assure or guarantee any returns.
Allotment Date
19th February 2010
Fund Size
`581.16 Crs (Monthly AAUM for June, 2017)
`444.38 Crs (AUM as on 30th June 2017)
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 8 years ( Managing this Fund w.e.f. 30th
April 2015)
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 29-Jun-17 4.46843809 4.13992238 1007.4467
PEERLESS LIQUID FUND-DIRECT MONTHLY DIVI-
DEND 29-Jun-17 4.54225360 4.20831103 1007.5489
PEERLESS LIQUID FUND-REGULAR PLAN
MONTHLY DIVIDEND 26-May-17 3.66253459 3.39326820 1006.3309
PEERLESS LIQUID FUND-DIRECT MONTHLY DIVI-
DEND 26-May-17 3.71814901 3.44479390 1006.4079
PEERLESS LIQUID FUND-REGULAR PLAN
MONTHLY DIVIDEND 28-Apr-17 3.88513672 3.59950482 1006.6391
PEERLESS LIQUID FUND-DIRECT MONTHLY DIVI-
DEND 28-Apr-17 3.94479583 3.65477784 1006.7217
Scheme Performance vis-a-vis Benchmark (%)
Net Asset Value (NAV) as on June 30, 2017 (in `)
Plan / Option Regular Plan Direct Plan
Growth 1813.9084 1820.5136
Daily Dividend 1001.2900 1001.2900
Weekly Dividend 1000.9970 1000.9674
Monthly Dividend 1001.4230 1001.4260
Please refer to page no 14 and 15 for statutory details
# - Weighted average for the month
Rating Profile (%)
Maturity Profile % Weightage
Below or equal to 91 days 58.36
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
35.11
Please refer to page no. 11 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.
Asset Allocation
6
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, 2017)
Past Performance is no guarantee of future results.
For details please refer Page 15.
Portfolio as on June 30, 2017
Portfolio Holdings Rating % of Net Assets
CERTIFICATE OF DEPOSITS 9.50
South Indian Bank Ltd CARE A1+ 9.50
COMMERCIAL PAPER 24.53
Religare Finvest Ltd FITCH A1+ 9.46
Adani Enterprises BWR A1+ 9.41
Capri Global Capital Ltd CARE A1+ 5.66
NON-CONVERTIBLE DEBENTURE / ZCB 62.05
Export Import Bank of India CRISIL AAA 9.89
Power Grid Corporation of India Ltd CRISIL AAA 9.77
LIC Housing Finance Ltd CRISIL AAA 9.66
Power Finance Corporation Ltd CRISIL AAA 9.65
Rural Electrification Corporation Ltd CRISIL AAA 9.59
Housing Development Finance Corporation Ltd CRISIL AAA 7.75
Indian Railway Finance Corporation Ltd CRISIL AAA 5.74
CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/ Cash Equivalent
3.92
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. How-ever, 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
`60.13 Crs (Monthly AAUM for June, 2017)
`62.44 Crs (AUM as on 30th June 2017)
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 (Managing this Fund w.e.f: 18th September 2015) Mr. Vikram Pamnani: Total experience 8 years. (Managing this Fund w.e.f: 18th September 2015)
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 29-Jun-17 4.24067652 3.92890563 1006.5518
PEERLESS ULTRA SHORT TERM FUND-DIRECT
MONTHLY DIVIDEND 29-Jun-17 4.30185271 3.98558421 1021.0889
PEERLESS ULTRA SHORT TERM FUND-REGULAR
PLAN MONTHLY DIVIDEND 26-May-17 3.63049331 3.36358257 1005.5298
PEERLESS ULTRA SHORT TERM FUND-DIRECT
MONTHLY DIVIDEND 26-May-17 3.68071150 3.41010877 1019.4540
PEERLESS ULTRA SHORT TERM FUND-REGULAR
PLAN MONTHLY DIVIDEND 28-Apr-17 3.63107333 3.36411995 1005.6378
PEERLESS ULTRA SHORT TERM FUND-DIRECT
MONTHLY DIVIDEND 28-Apr-17 3.67973773 3.40920658 1019.1310
Scheme Performance as on June 30, 2017
Period
Peerless Ultra Short
Term Fund – Regular
Plan-Growth Option
CRISIL Liquid Fund Index
1 Year Govt. T-Bill
1 year CAGR % 7.01% 6.86% 6.53%
3 years CAGR % 7.75% 7.83% 7.57%
5 years CAGR % 8.36% 8.25% 7.36%
Since Inception CAGR % 8.36% 7.96% 6.74%
Current Value of investment if Rs 10,000/-
was invested prior 1 year (in Rs.) 10,700.79 10,685.56 10,653.33
Current Value of investment if Rs 10,000/-
was invested prior 3 years (in Rs.) 12,512.67 12,540.79 12,450.67
Current Value of investment if Rs 10,000/-
was invested prior 5 years (in Rs.) 14,949.62 14,871.80 14,265.81
Current Value of investment if Rs 10,000/-
was invested on Inception date (in RS.) 18,059.29 17,579.15 16,169.16
Expense structure for direct & regular plan will vary. 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 Regular Plan- Growth Option.
As on June 30, 2017 Average Maturity (Yrs)......................................................................................................... 0.61 Modified Duration (Yrs)........................................................................................................ 0.55 # TER - Reg (%) ............................................................................................................. 0.84 # TER - Direct (%) ............................................................................................................ 0.19 Portfolio Yield (%) ............................................................................................................. 7.24
Asset Allocation
Scheme Performance vis-a-vis Benchmark (%)
Net Asset Value (NAV) as on June 30, 2017 (in `)
Plan / Option Regular Plan Direct Plan
Growth 1805.9291 1849.5877
Daily Dividend 1005.4600 1006.6500
Weekly Dividend 1003.6596 1004.4169
Monthly Dividend 1000.8193 1015.2899
Please refer to page no 14 and 15 for statutory details
# - Weighted average for the month
Maturity Profile % Weightage
Below 1 Year 70.68
Above 1 Year 25.40
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
3.92
Please refer to page no. 11 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.
Rating Profile (%)
7
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, 2017)
Past Performance is no guarantee of future results.
For details please refer Page 15.
Portfolio as on June 30, 2017
Portfolio Holdings Rating % of Net Assets
CERTIFICATE OF DEPOSITS 10.61
ICICI Bank Ltd CARE A1+ 10.61
COMMERCIAL PAPER 4.22
Capri Global Capital Ltd CARE A1+ 4.22
NON-CONVERTIBLE DEBENTURE / ZCB 57.95
Rural Electrification Corporation Ltd CRISIL AAA 11.01
Power Grid Corporation of India Ltd CRISIL AAA 11.00
Housing Development Finance Corporation Ltd CRISIL AAA 10.87
TATA Capital Financial Services Ltd CRISIL AA+ 10.80
TATA Capital Housing Finance Ltd CRISIL AA+ 9.99
Indian Railway Finance Corporation Ltd CRISIL AAA 4.28
FIXED DEPOSITS 2.12
HDFC Bank Ltd 2.12
MUTUAL FUND UNITS 11.40
GOVERNMENT SECURITIES 2.18
7.16% GOI - 20 May 2023 Sovereign 2.18
CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
11.52
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
`47.75 Crs (Monthly AAUM for June, 2017)
`46.48 Crs (AUM as on 30th June 2017)
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 maturity 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 Bond Fund Index
Fund Manager Mr. Killol Pandya - Total experience 17 years. (Managing this fund w.e.f: 18th Sep-
tember 2015)
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 12-Jun-17 0.05140247 0.04762340 10.6797
PEERLESS SHORT TERM FUND-DIRECT MONTHLY
DIVIDEND 12-Jun-17 0.05321090 0.04929888 11.0564
PEERLESS SHORT TERM FUND-REGULAR
MONTHLY DIVIDEND 11-May-17 0.05130505 0.04753315 10.6568
PEERLESS SHORT TERM FUND-DIRECT MONTHLY
DIVIDEND 11-May-17 0.05306204 0.04916097 11.0221
PEERLESS SHORT TERM FUND-REGULAR
MONTHLY DIVIDEND 10-Apr-17 0.05140758 0.04762814 10.6804
PEERLESS SHORT TERM FUND-DIRECT MONTHLY
DIVIDEND 10-Apr-17 0.05312308 0.04921752 11.0375
Dividend History (Quarterly)
Scheme / Plan Record
Date
Net Dividend ( ` per unit) Cum Dividend Nav (in `)
Individual/HUF
Corporate
PEERLESS SHORT TERM FUND - REGULAR QUAR-
TERLY DIVIDEND 2-May-17 0.15752604 0.14594486 10.9190
PEERLESS SHORT TERM FUND - DIRECT QUAR-
TERLY DIVIDEND 2-May-17 0.16366529 0.15163276 11.3535
PEERLESS SHORT TERM FUND - REGULAR QUAR-
TERLY DIVIDEND 20-Feb-17 0.15962061 0.14788544 11.0290
PEERLESS SHORT TERM FUND - DIRECT QUAR-
TERLY DIVIDEND 20-Feb-17 0.16561541 0.15343951 11.4463
PEERLESS SHORT TERM FUND - REGULAR QUAR-
TERLY DIVIDEND 26-Oct-16 0.15954838 0.14781852 11.0568
PEERLESS SHORT TERM FUND - DIRECT QUAR-
TERLY DIVIDEND 26-Oct-16 0.16503760 0.15290418 11.4389
Scheme Performance as on June 30, 2017
Period
Peerless Short Term
Fund - Regular Plan-
Growth Option
CRISIL Short Term Bond Fund
Index
1 Year Govt. T-Bill
1 year CAGR % 7.07% 8.88% 6.53%
3 years CAGR % 7.78% 9.12% 7.57%
5 years CAGR % 8.35% 9.09% 7.36%
Since Inception CAGR % 9.12% 8.67% 7.14%
Current Value of investment if Rs 10,000/-
was invested prior 1 year (in Rs.) 10,706.57 10,888.13 10,653.33
Current Value of investment if Rs 10,000/-
was invested prior 3 years (in Rs.) 12,522.95 12,995.29 12,450.67
Current Value of investment if Rs 10,000/-
was invested prior 5 years (in Rs.) 14,942.31 15,454.82 14,265.81
Current Value of investment if Rs 10,000/-
was invested on Inception date (in Rs.) 18,221.40 17,703.97 16,058.52
Expense structure for direct & regular plan will vary. 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 Regular Plan-Growth Option.
As on June 30, 2017 Average Maturity (Yrs) ............................................................................................. 1.90 Modified Duration (Yrs).............................................................................................. 1.37 # TER - Reg (%)........................................................................................................... 1.45 # TER - Direct (%)........................................................................................................ 0.34 Portfolio Yield (%)........................................................................................................ 6.91
Asset Allocation
Scheme Performance vis-a-vis Benchmark (%)
Maturity Profile % Weightage Below 1 Year 29.92
Above 1 Year 47.17
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
11.52
Please refer to page no 14 and 15 for statutory details
# - Weighted average for the month
Net Asset Value (NAV) as on June 30, 2017 (in `)
Plan / Option Regular Plan Direct Plan
Growth 18.2214 18.9385
Monthly Dividend 10.6263 11.0072
Quarterly Dividend 10.8300 11.2831
Bonus 13.6570 18.9634
Rating Profile (%)
Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling
8
FLEXIBLE INCOME FUND (an open ended debt scheme )
Scheme Performance as on June 30, 2017
Period
Peerless Flexible Income Fund -
Regular Plan - Growth
Option
CRISIL Composite
Bond Fund Index
10 Year dated GOI Security
1 year CAGR % 9.73% 11.47% 11.69%
3 years CAGR % 8.05% 10.91% 11.15%
Since Inception CAGR % 7.12% 9.57% 8.57%
Current Value of investment if Rs 10,000/- was invested prior 1 year
(in Rs.) 10,972.61 11,147.01 11,169.45
Current Value of investment if Rs 10,000/- was invested prior 3
years (in Rs.) 12,617.62 13,646.12 13,736.02
Current Value of investment if Rs 10,000/- was invested on Inception
date (in Rs.) 13,966.70 15,593.84 14,911.72
Expense structure for direct & regular plan will vary. 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 Regular Plan- Growth Option. The scheme has not completed 5 years hence the performance of 3 and 1 year is presented.
As on June 30, 2017 Average Maturity (Yrs) .................................................................................................... 7.25 Modified Duration (Yrs) .................................................................................................... 5.05 # TER - Reg (%) .................................................................................................... 1.51 # TER - Direct (%) .................................................................................................... 0.54 Portfolio Yield (%) …................................................................................................. 6.63
Asset Allocation
Rating Profile (%)
Maturity Profile % Weightage Below 1 Year 4.38
Above 1 Year 78.74
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current As-sets/Cash/Cash Equivalent
16.88
Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling
Net Asset Value (NAV) as on June 30, 2017 (in `)
Plan / Option Regular Plan Direct Plan
Growth 13.9667 14.6384
Monthly Dividend 12.8020 13.2681
Quarterly Dividend 13.8021 13.8838
CARE AAAmfs CARE(Credit Analysis and Research Limited Rating
(Source: www.careratings.com) (as on June 30, 2017)
Past Performance is no guarantee of future results.
For details please refer Page 15.
Portfolio as on June 30, 2017
Portfolio Holdings Rating % of Net Assets
GOVERNMENT SECURITIES 78.74
7.16% GOI - 20 May 2023 Sovereign 24.81
7.68% GOI - 15 Dec 2023 Sovereign 23.20
6.79% GOI - 26 Dec 2029 Sovereign 22.16
6.57% GOI - 05 Dec 2033 Sovereign 8.57
FIXED DEPOSITS 4.38
HDFC Bank Ltd 4.38
CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
16.88
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
`11.77 Crs (Monthly AAUM for June, 2017)
`11.77 Crs (AUM as on 30th June, 2017)
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. (Managing this Fund w.e.f: 18th September 2015)
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-Regular-Monthly
Dividend 10-Jul-13 0.04675609 0.04478483 10.0699
Peerless Flexible Income Fund-Direct Monthly
Dividend 10-Jul-13 0.16008741
- 10.2115
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
# - Weighted average for the month
Scheme Performance vis-a-vis Benchmark (%)
Note: Aggregate investment made by Peerless Income Plus Fund [Rs. 5.48 Crs] and Peerless Short
Term Fund [Rs. 5.33 Crs] amounts to a total of Rs. 10.80 Crs.
9
Please refer to page no. 11 for tax on dividend distribution, Please refer to page no. 16 for Product Labeling
INCOME PLUS FUND (an open ended debt scheme)
Scheme Performance as on June 30, 2017
Period Peerless Income
Plus Fund - Regu-lar
Plan - Growth Option
CRISIL MIP Blended
Fund Index
10 Year dated GOI
Security
1 year CAGR % 9.37% 12.07% 11.69%
3 years CAGR % 8.84% 10.56% 11.15%
5 years CAGR % 9.35% 10.15% 8.46%
Since Inception CAGR % 8.52% 8.94% 7.52%
Current Value of investment if Rs 10,000/-
was invested prior 1 year (in Rs.) 10936.60 11206.91 11169.45
Current Value of investment if Rs 10,000/-
was invested prior 3 years (in Rs.) 12896.12 13519.18 13736.02
Current Value of investment if Rs 10,000/-
was invested prior 5 years (in Rs.) 15639.13 16224.98 15017.49
Current Value of investment if Rs 10,000/-
was invested on Inception date (in Rs.) 17622.80 18100.41 16519.84
Expense structure for direct & regular plan will vary. 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 Regular Plan- Growth Option.
As on June 30, 2017 Average Maturity for the debt portion (Yrs) ……................................................................................ 4.59 Modified Duration for the debt portion (Yrs)……................................................................................. 3.26 # TER - Reg (%) ………………………………………………………….………………………. 2.55 # TER - Direct (%) ......................................................................................................………. 1.13 Portfolio Yield (%) .................................................................................................................. 7.09 Asset Allocation
Rating Profile (%)- Debt
Portfolio as on June 30, 2017
Portfolio Holdings Rating/Industry % of Net Asset
EQUITY SHARES 19.71
ITC Ltd CONSUMER NON DURABLES 1.54
HDFC Bank Ltd BANKS 1.43
Housing Development Finance Corporation Ltd FINANCE 1.05
ICICI Bank Ltd BANKS 0.85
Hindustan UniLever Ltd CONSUMER NON DURABLES 0.76
IndusInd Bank Ltd BANKS 0.70
Bharat Petroleum Corporation Ltd PETROLEUM PRODUCTS 0.65
Eicher Motors Ltd AUTO 0.64
Castrol India Ltd PETROLEUM PRODUCTS 0.64
Repco Home Finance Ltd FINANCE 0.62
Reliance Industries Ltd PETROLEUM PRODUCTS 0.62
Kotak Mahindra Bank Ltd BANKS 0.60
Bharat Heavy Electricals Ltd INDUSTRIAL CAPITAL GOODS 0.59
Suprajit Engineering Ltd AUTO ANCILLARIES 0.56
Bosch Ltd AUTO ANCILLARIES 0.55
AIA Engineering Ltd INDUSTRIAL PRODUCTS 0.55
Motherson Sumi Systems Ltd AUTO ANCILLARIES 0.54
Bharat Electronics Ltd INDUSTRIAL CAPITAL GOODS 0.51
Pidilite Industries Ltd CHEMICALS 0.51
Indraprastha Gas Ltd GAS 0.50
Jyothy Laboratories Ltd CONSUMER NON DURABLES 0.49
Engineers India Ltd CONSTRUCTION PROJECT 0.48
Titan Company Ltd CONSUMER DURABLES 0.47
Sundaram Finance Ltd FINANCE 0.47
Steel Authority of India Ltd FERROUS METALS 0.44
Asian Paints Ltd CONSUMER NON DURABLES 0.43
Oracle Financial Services Software Ltd SOFTWARE 0.41
Nestle India Ltd CONSUMER NON DURABLES 0.40
Shree Cements Ltd CEMENT 0.40
Ultratech Cement Ltd CEMENT 0.39
Bata India Ltd CONSUMER DURABLES 0.38
Canara Bank BANKS 0.28
NMDC Ltd MINERALS/MINING 0.26
COMMERCIAL PAPER 6.47
Capri Global Capital Ltd CARE A1+ 6.47
NON-CONVERTIBLE DEBENTURE / ZCB 40.66
Housing Development Finance Corporation Ltd CRISIL AAA 6.74
Indian Railway Finance Corporation Ltd CRISIL AAA 6.71
LIC Housing Finance Ltd CRISIL AAA 6.59
Rural Electrification Corporation Ltd CRISIL AAA 5.41
L&T Infrastructure Finance Co Ltd CARE AA+ 5.29
Power Finance Corporation Ltd CRISIL AAA 5.25
TATA Capital Financial Services Ltd ICRA AA+ 4.67
MUTUAL FUND UNITS 7.18
FIXED DEPOSITS 0.98
HDFC Bank Ltd 0.98
GOVERNMENT SECURITIES 20.36
6.79% GOI - 26 Dec 2029 Sovereign 9.18
6.97% GOI - 06 Sep 2026 Sovereign 4.01
7.16% GOI - 20 May 2023 Sovereign 4.00
6.57% GOI - 05 Dec 2033 Sovereign 3.17
CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
4.64
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
` 76.22 Crs (Monthly AAUM for June 2017) ` 76.35 Crs (AUM as on 30th June, 2017)
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 (Managing this Fund w.e.f: 18th September 2015) & Mr. Amit Nigam : Total experience 15 years. (Managing this Fund w.e.f: 1st November 2014)
Maturity Profile % Weightage
Above 1 Year 14.04%
Below 1 Year 54.42%
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
4.64%
Net Asset Value (NAV) as on June 30, 2017 (in `)
Plan / Option Regular Plan Direct Plan
Growth Option 17.6228 18.7698
Monthly Dividend 10.5745 11.3549
Quarterly Dividend 11.2886 12.1256
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
29-Jun-17 0.05761597 0.05338009 10.6445
PEERLESS INCOME PLUS FUND-DIRECT MONTHLY DIVIDEND
29-Jun-17 0.06186448 0.05731626 11.4297
PEERLESS INCOME PLUS FUND-REGULAR MONTHLY DIVIDEND
26-May-17 0.05763896 0.05340139 10.6793
PEERLESS INCOME PLUS FUND-DIRECT MONTHLY DIVIDEND
26-May-17 0.06182614 0.05728073 11.4555
PEERLESS INCOME PLUS FUND-REGULAR MONTHLY DIVIDEND
28-Apr-17 0.05781783 0.05356712 10.6707
PEERLESS INCOME PLUS FUND-DIRECT MONTHLY DIVIDEND
28-Apr-17 0.06196593 0.05741025 11.4366
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
2-May-17 0.16344861 0.15143201 11.3707
PEERLESS INCOME PLUS FUND- DIRECT QUARTERLY DIVIDEND
2-May-17 0.17522154 0.16233940 12.1924
PEERLESS INCOME PLUS FUND- REGULAR QUARTERLY DIVIDEND
20-Feb-17 0.18619997 0.17251071 11.3787
PEERLESS INCOME PLUS FUND- DIRECT QUARTERLY DIVIDEND
20-Feb-17 0.19912851 0.18448876 12.1752
PEERLESS INCOME PLUS FUND- REGULAR QUARTERLY DIVIDEND
26-Oct-16 0.18750005 0.17371520 11.4957
PEERLESS INCOME PLUS FUND- DIRECT QUARTERLY DIVIDEND
26-Oct-16 0.19977855 0.18509101 12.2568
Peerless Income Plus Fund-Percentage contribution of B15 cities to AUM is 66.71 as on June 30, 2017
#Weighted average for the month
10
Scheme Performance as on June 30, 2017
Period
Peerless 3 in 1 Fund-Regular Plan-Growth
Option
CRISIL MIP Blended
Fund Index + Gold (85:15)
10 Year dated GOI Security
1 year CAGR % 6.38% 8.82% 11.69%
3 years CAGR % 7.71% 9.08% 11.15%
5 years CAGR % 7.56% 8.35% 8.46%
Since Inception CAGR % 8.32% 8.40% 7.68%
Current Value of investment if Rs 10,000/-
was invested prior 1 year (in Rs.) 10638.48 10882.00 11169.45
Current Value of investment if Rs 10,000/-
was invested prior 3 years (in Rs.) 12499.09 12980.00 13736.02
Current Value of investment if Rs 10,000/-
was invested prior 5 years (in Rs.) 14401.76 14940.00 15017.49
Current Value of investment if Rs 10,000/-
was invested on Inception date (in Rs.) 16463.80 16550.00 15869.99
Expense structure for direct & regular plan will vary. 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 Regular Plan- Growth Option.
Peerless 3 in 1 Fund - Percentage contribution of B15 cities to AUM is 47.62 as on June 30, 2017
As on June 30, 2017 Average Maturity for the debt portion (Yrs) ........................................................ 5.97 Modified Duration for the debt portion (Yrs) ........................................................ 4.19 # TER - Reg (%) ....................................................................................... 2.17 # TER - Direct (%) ....................................................................................... 0.63 Portfolio Yield (%) ....................................................................................... 7.06
Asset Allocation
Rating Profile (%)- Debt
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
`24.41 Crs (Monthly AAUM for June, 2017) `23.85 Crs (AUM as on 30th June, 2017)
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 (Managing this Fund w.e.f: 18th September 2015). Mr. Amit Nigam - Total experience 15 years (Managing this fund w.e.f: 1st November 2014).
Portfolio as on June 30, 2017
Portfolio Holdings Rating/Industry % of Net Assets
EQUITY SHARES 20.04
HDFC Bank Ltd BANKS 1.46
ITC Ltd CONSUMER NON DURABLES 1.43
Housing Development Finance Corporation Ltd FINANCE 1.12
Hindustan UniLever Ltd CONSUMER NON DURABLES 0.82
IndusInd Bank Ltd BANKS 0.74
ICICI Bank Ltd BANKS 0.73
Bharat Petroleum Corporation Ltd PETROLEUM PRODUCTS 0.68
Eicher Motors Ltd AUTO 0.68
Castrol India Ltd PETROLEUM PRODUCTS 0.61
Reliance Industries Ltd PETROLEUM PRODUCTS 0.61
Suprajit Engineering Ltd AUTO ANCILLARIES 0.60
Bharat Heavy Electricals Ltd INDUSTRIAL CAPITAL GOODS 0.60
Repco Home Finance Ltd FINANCE 0.60
Kotak Mahindra Bank Ltd BANKS 0.60
Bosch Ltd AUTO ANCILLARIES 0.59
Motherson Sumi Systems Ltd AUTO ANCILLARIES 0.58
Jyothy Laboratories Ltd CONSUMER NON DURABLES 0.54
AIA Engineering Ltd INDUSTRIAL PRODUCTS 0.54
Indraprastha Gas Ltd GAS 0.53
Engineers India Ltd CONSTRUCTION PROJECT 0.52
Pidilite Industries Ltd CHEMICALS 0.51
Sundaram Finance Ltd FINANCE 0.51
Bharat Electronics Ltd INDUSTRIAL CAPITAL GOODS 0.51
Titan Company Ltd CONSUMER DURABLES 0.46
Steel Authority of India Ltd FERROUS METALS 0.44
Shree Cements Ltd CEMENT 0.43
Nestle India Ltd CONSUMER NON DURABLES 0.42
Asian Paints Ltd CONSUMER NON DURABLES 0.42
Bata India Ltd CONSUMER DURABLES 0.41
Ultratech Cement Ltd CEMENT 0.40
Oracle Financial Services Software Ltd SOFTWARE 0.36
NMDC Ltd MINERALS/MINING 0.34
Canara Bank BANKS 0.25
NON-CONVERTIBLE DEBENTURE / ZCB 30.02
TATA Capital Financial Services Ltd ICRA AA+ 6.41
Rural Electrification Corporation Ltd CRISIL AAA 4.34
Housing Development Finance Corporation Ltd CRISIL AAA 4.33
LIC Housing Finance Ltd CRISIL AAA 4.32
L&T Infrastructure Finance Co Ltd CARE AA+ 4.24
Power Finance Corporation Ltd CRISIL AAA 4.20
TATA Capital Housing Finance Ltd CRISIL AA+ 2.18
FIXED DEPOSITS 1.05
HDFC Bank Ltd 1.05
Mutual Fund Units 20.12
Reliance Shares Gold BeES 20.12
GOVERNMENT SECURITIES 25.33
6.79% GOI - 26 Dec 2029 Sovereign 12.60
6.97% GOI - 06 Sep 2026 Sovereign 8.56
7.16% GOI - 20 May 2023 Sovereign 2.14
6.57% GOI - 05 Dec 2033 Sovereign 2.03
CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
3.44
Total 100.00
Please refer to page no 14 & 15 for statutory details and pg 16 for Product Labeling
Maturity Profile % Weightage
Below 1 Year 1.05%
Above 1 Year 55.35%
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
3.44%
Net Asset Value (NAV) as on June 30, 2017 (in `)
Plan / Option Regular Plan Direct Plan
Growth Option 16.4638 17.3898
Monthly Dividend 16.4656 15.8441
Quarterly Dividend 15.3696 15.9039
Industry Allocation – Equity(%)
Dividend History (Quarterly)
Scheme / Plan Record
Date
Net Dividend (` per unit) Cum Dividend Nav (in `)
Individual/HUF
Corporate
PEERLESS 3 IN 1 FUND-REGULAR
QUARTERLY DIVIDEND 2-May-17 0.25358731 0.23494379 15.5982
PEERLESS 3 IN 1 FUND-DIRECT
QUARTERLY DIVIDEND 2-May-17 0.26189336 0.24263919 16.1153
PEERLESS 3 IN 1 FUND-REGULAR
QUARTERLY DIVIDEND 20-Feb-17 0.25503184 0.23628212 15.7091
PEERLESS 3 IN 1 FUND-DIRECT
QUARTERLY DIVIDEND 20-Feb-17 0.26283231 0.24350910 16.1994
PEERLESS 3 IN 1 FUND-REGULAR
QUARTERLY DIVIDEND 26-Oct-16 0.26073774 0.24156852 15.9151
PEERLESS 3 IN 1 FUND-DIRECT
QUARTERLY DIVIDEND 26-Oct-16 0.26796039 0.24826017 16.3614
#Weighted average for the month
3 IN 1 FUND (an open ended hybrid scheme)
11
EQUITY FUND (an open ended equity scheme)
Scheme Performance as on June 30, 2017
Period
Peerless Equity Fund – Regular
Plan-Growth Option
NIFTY 50 NIFTY 50
1 year CAGR % 20.12% 14.88% 14.88%
3 years CAGR % 14.27% 7.74% 7.74%
5 years CAGR % 15.97% 12.50% 12.50%
Since Inception CAGR % 13.94% 12.04% 12.04%
Current Value of investment if Rs 10,000/-
was invested prior 1 year (in Rs.) 12,012.42 11,487.92 11,487.92
Current Value of investment if Rs 10,000/-
was invested prior 3 years (in Rs.) 14,927.59 12,508.82 12,508.82
Current Value of investment if Rs 10,000/-
was invested prior 5 years (in Rs.) 20,996.40 18,035.77 18,035.77
Current Value of investment if Rs 10,000/-
was invested on Inception date (in Rs.) 21,203.00 19,250.09 19,250.09
Expense structure for direct & regular plan will vary. 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 Regular Plan- Growth Option.
Risk Measures June 2017 Standard Deviation^(%) ……………………………………………………………………………… 12.84 Benchmark Standard Deviation^ (%)………………………………………………………………. 13.09 Sharpe Ratio~ ………………………………………………………………………………………….. 0.75 Beta ............................................................................................................................................. 0.90 # TER - Reg (%)........................................................................................................................... 2.99 # TER - Direct (%)........................................................................................................................ 1.68 Portfolio Turnover Ratio (Times) ............................................................................................... 1.92
Asset Allocation
Industry Allocation – Equity(%)
Key Scheme Information
Investment Objective
To generate long term capital appreciation by investing in an actively managed portfolio predomi-nantly 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
`110.11 Crs (Monthly AAUM for June, 2017)
`154.17 Crs (AUM as on 30th June, 2017)
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 15 years. (Managing this Fund w.e.f: 1st Novem-
ber 2014)
Portfolio as on June 30, 2017
Portfolio Holdings Industry % of Net Assets
EQUITY SHARES 98.11
ITC Ltd CONSUMER NON DURABLES 7.90
HDFC Bank Ltd BANKS 7.09
Housing Development Finance Corporation Ltd FINANCE 5.04
Reliance Industries Ltd PETROLEUM PRODUCTS 4.85
Hindustan UniLever Ltd CONSUMER NON DURABLES 4.00
IndusInd Bank Ltd BANKS 3.75
Bharat Petroleum Corporation Ltd PETROLEUM PRODUCTS 3.62
ICICI Bank Ltd BANKS 3.40
Repco Home Finance Ltd FINANCE 3.22
Bosch Ltd AUTO ANCILLARIES 3.19
Kotak Mahindra Bank Ltd BANKS 3.17
Motherson Sumi Systems Ltd AUTO ANCILLARIES 3.16
Suprajit Engineering Ltd AUTO ANCILLARIES 2.80
Castrol India Ltd PETROLEUM PRODUCTS 2.76
Bharat Heavy Electricals Ltd INDUSTRIAL CAPITAL GOODS 2.64
Asian Paints Ltd CONSUMER NON DURABLES 2.58
Titan Company Ltd CONSUMER DURABLES 2.56
Bharat Electronics Ltd INDUSTRIAL CAPITAL GOODS 2.52
Indraprastha Gas Ltd GAS 2.47
Engineers India Ltd CONSTRUCTION PROJECT 2.40
AIA Engineering Ltd INDUSTRIAL PRODUCTS 2.38
Shree Cements Ltd CEMENT 2.32
Jyothy Laboratories Ltd CONSUMER NON DURABLES 2.29
Steel Authority of India Ltd FERROUS METALS 2.28
Ultratech Cement Ltd CEMENT 2.24
Pidilite Industries Ltd CHEMICALS 2.20
Bata India Ltd CONSUMER DURABLES 2.10
Nestle India Ltd CONSUMER NON DURABLES 1.97
Eicher Motors Ltd AUTO 1.90
Oracle Financial Services Software Ltd SOFTWARE 1.64
Sundaram Finance Ltd FINANCE 1.57
NMDC Ltd MINERALS/MINING 1.27
Canara Bank BANKS 0.83
CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
1.89
Total 100.00
SIP Returns
SIP Tenure (in years) 3
Investment Amount 10,000.00
Start Date 2– July-2014
End Date 1– July– 2017
Total no of Installments 36
Total Amount Invested (Rs) 3,60,000.00
Present value (Rs) 4,52,398.06
Total No Units 21,336.512
CAGR (%) 16.44
XIRR(%) 15.41
Yield (%) 25.67
Please refer to page no 14 and 15 for statutory details and pg 16 for Product Labeling
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 40.05 as on June 30, 2017.
^Statistical returns based on monthly returns over the past 3 year data as on June 30, 2017. ~ 1 day MIBOR has been assumed as the risk-free rate of return.
Tax on Dividend Distribution @
Nature Individual/HUF Domestic Companies
Liquid Funds 28.84% 34.608%
Debt Funds 28.84% 34.608%
Equity Funds Nil Nil
@rates are inclusive of surcharge and cess.
Dividend History
Scheme / Plan Record
Date
Net Dividend ( ` per unit) Cum Dividend
Nav (in `) Individual/
HUF Corporate
PEERLESS EQUITY FUND-HALF YEARLY DIVIDEND
27-Jun-17 5.00000000 5.00000000 18.6083
PEERLESS EQUITY FUND-DIRECT HALF YEARLY DIVIDEND
27-Jun-17 3.50000000 3.50000000 18.7598
PEERLESS EQUITY FUND - REGULAR QUARTERLY DIVIDEND
2-May-17 0.30000000 0.30000000 15.5222
PEERLESS EQUITY FUND-DIRECT QUARTERLY DIVIDEND
2-May-17 0.40000000 0.40000000 15.4569
PEERLESS EQUITY FUND - REGULAR QUARTERLY DIVIDEND
20-Feb-17 0.50000000 0.50000000 14.8006
PEERLESS EQUITY FUND-DIRECT QUARTERLY DIVIDEND
20-Feb-17 0.60000000 0.60000000 14.8077
PEERLESS EQUITY FUND - REGULAR QUARTERLY DIVIDEND
26-Oct-16 0.50000000 0.50000000 14.7746
PEERLESS EQUITY FUND-DIRECT QUARTERLY DIVIDEND
26-Oct-16 0.60000000 0.60000000 14.8296
PEERLESS EQUITY FUND-DIRECT HALF YEARLTY DIVIDEND
26-Oct-16 1.00000000 1.00000000 17.4467
PEERLESS EQUITY FUND- REGULAR HALF YEARLY DIVIDEND
26-Oct-16 1.00000000 1.00000000 17.4268
PEERLESS EQUITY FUND-REGULAR YEARLY DIVIDEND
26-Oct-16 1.50000000 1.50000000 17.3879
PEERLESS EQUITY FUND– NORMAL DIVIDEND
16-Nov-15 2.50000000 2.50000000 15.1693
PEERLESS EQUITY FUND- DIRECT DIVIDEND
16-Nov-15 2.50000000 2.50000000 15.6576
Net Asset Value (NAV) as on June 30, 2017 (in `)
Plan / Option Regular Plan Direct Plan
Growth 21.2030 22.4612
Normal Dividend 16.5860 17.5320
* Quarterly Dividend 15.3868 15.2481
* Half Yearly Dividend 13.6434 15.3086
* Yearly Dividend 18.0688 19.9318
* Introduced from November 2, 2015
#Weighted average for the month
12
MIDCAP FUND (an open ended equity scheme)
Net Asset Value (NAV) as on June 30, 2017 (in `)
Plan / Option Regular Plan Direct Plan
Growth Option 14.0566 14.4688
Dividend Option 14.0524 14.3210
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
`82.05 Crs (Monthly AAUM for June, 2017)
`84.10 Crs (AUM as on 30th June, 2017)
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 15 years.
Portfolio as on June 30, 2017
Portfolio Holdings Industry % of Net Assets
EQUITY SHARES 97.43
IndusInd Bank Ltd BANKS 3.98
Karur Vysya Bank Ltd BANKS 3.89
Motherson Sumi Systems Ltd AUTO ANCILLARIES 3.64
Suprajit Engineering Ltd AUTO ANCILLARIES 3.64
Colgate Palmolive Ltd CONSUMER NON DURABLES 3.58
Repco Home Finance Ltd FINANCE 3.55
City Union Bank Ltd BANKS 3.49
Atul Limited CHEMICALS 3.46
eClerx Services Ltd SOFTWARE 3.40
P I Industries Ltd PESTICIDES 3.30
Sundaram Fasteners Ltd AUTO ANCILLARIES 3.08
AIA Engineering Ltd INDUSTRIAL PRODUCTS 3.00
Britannia Industries Ltd CONSUMER NON DURABLES 2.98
Jyothy Laboratories Ltd CONSUMER NON DURABLES 2.93
Bharat Heavy Electricals Ltd INDUSTRIAL CAPITAL GOODS 2.91
Castrol India Ltd PETROLEUM PRODUCTS 2.90
Sundaram Finance Ltd FINANCE 2.88
Titan Company Ltd CONSUMER DURABLES 2.82
Amara Raja Batteries Ltd AUTO ANCILLARIES 2.71
Oracle Financial Services Software Ltd SOFTWARE 2.59
Relaxo Footwears Ltd CONSUMER DURABLES 2.58
Nesco Ltd COMMERCIAL SERVICES 2.56
Engineers India Ltd CONSTRUCTION PROJECT 2.53
The Ramco Cements Ltd CEMENT 2.49
Mahanagar Gas Ltd GAS 2.48
Bajaj Finance Ltd FINANCE 2.46
TTK Prestige Limited CONSUMER DURABLES 2.37
Supreme Industries Ltd INDUSTRIAL PRODUCTS 2.11
Steel Authority of India Ltd FERROUS METALS 2.09
NMDC Ltd MINERALS/MINING 1.94
Berger Paints CONSUMER NON DURABLES 1.94
Indraprastha Gas Ltd GAS 1.89
Triveni Turbine Ltd INDUSTRIAL CAPITAL GOODS 1.87
Canara Bank BANKS 1.77
Ratnamani Metals & Tubes Ltd FERROUS METALS 1.62
CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
2.57
Total 100.00 Industry Allocation – Equity(%)
Please refer to page no 14 and 15 for statutory details
Scheme Performance as on June 30, 2017
Period
Peerless Midcap Fund – Regular
Plan-Growth Option
NIFTY MIDCAP
100 Index NIFTY 50
1 year CAGR % 27.20% 28.32% 14.88%
Since Inception CAGR % 24.32% 20.85% 13.91%
Current Value of investment if Rs 10,000/
- was invested prior 1 year (in Rs.) 12,720.33 12,832.35 11,487.92
Current Value of investment if Rs 10,000/
- was invested on Inception date (in Rs.) 14,056.60 13,448.90 12,260.67
Expense structure for direct & regular plan will vary.
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 Regular Plan- Growth Option. The scheme has not completed 3 years hence the performance of 1 year is presented.
June 2017 # TER - Reg (%)........................................................................................................................ 3.00 # TER - Direct (%)..................................................................................................................... 1.42 Portfolio Turnover Ratio (Times) ........................................................................................... 0.78
SIP Returns
SIP Tenure (in years) 1
Investment Amount 10,000.00
Start Date 2 - July - 2016
End Date 1 - July - 2017
Total no of Installments 12
Total Amount Invested (Rs) 1,20,000
Present value (Rs) 1,35,855.58
Total No Units 9664.90
CAGR (%) 28.17
XIRR(%) 25.43
Yield (%) 13.21
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 com-putation 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 Midcap Fund - Percentage contribution of B15 cities to AUM is 38.29 as on June 30, 2017.
Asset Allocation
Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling
#Weighted average for the month
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
`27.94 Crs (Monthly AAUM for June, 2017)
`28.17 Crs (AUM as on 30th June 2017)
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 15 years.
LONG TERM ADVANTAGE FUND (an open ended equity linked savings scheme)
Please refer to page no 14 and 15 for statutory details
Scheme Performance as on June 30, 2017
Period
Peerless Long Term Advantage Fund– Regular Plan-Growth
Option
S&P BSE 100 Index
NIFTY 50
1 year CAGR % 22.40% 16.88% 14.88%
Since Inception CAGR % 20.12% 14.40% 13.27%
Current Value of investment if Rs 10,000/- was invested prior 1 year (in
Rs.) 12240.42 11687.91 11487.92
Current Value of investment if Rs 10,000/- was invested on Inception date
(in Rs.) 13169.10 12238.85 12057.50
Expense structure for direct & regular plan will vary. 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 Regular Plan- Growth Option. The scheme has not completed 3 years hence the performance of 1 year is presented.
June 2017 #TER - Regular (%)......................................................................................................... ………... 2.80 #TER - Direct (%)........................................................................................................................... 1.40 Portfolio Turnover Ratio (Times)……... ……………………………………………………. ……….. 1.49
SIP Returns
SIP Tenure (in years) 1
Investment Amount 10000.00
Start Date 2– July - 2016
End Date 1 - July- 2017
Total no of Installments 12
Total Amount Invested (Rs) 1,20,000
Present value (Rs) 1,34,681.95
Total No Units 10,227.11
CAGR (%) 25.97
XIRR(%) 23.49
Yield (%) 12.23
SIP date every 1st business day of the month
Past performance may or may not be sustained in the future. Assuming ` 10,000 invested systemati-
cally 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 declin-ing market.
Peerless Long Term Advantage Fund - Percentage contribution of B15 cities to AUM is 51.64 as on
June 30, 2017.
Asset Allocation
Net Asset Value (NAV) as on June 30, 2017 (in `)
Plan / Option Regular Plan Direct Plan
Growth Option 13.1691 13.4928
Dividend Option 13.1700 13.4273
Industry Allocation – Equity(%)
Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling
Portfolio as on June 30, 2017
Portfolio Holdings Industry % of Net Assets
EQUITY SHARES 96.62
HDFC Bank Ltd BANKS 7.05
ITC Ltd CONSUMER NON DURABLES 6.21
ICICI Bank Ltd BANKS 4.43
Hindustan UniLever Ltd CONSUMER NON DURABLES 4.03
IndusInd Bank Ltd BANKS 3.94
Motherson Sumi Systems Ltd AUTO ANCILLARIES 3.45
P I Industries Ltd PESTICIDES 3.28
Mahanagar Gas Ltd GAS 3.16
eClerx Services Ltd SOFTWARE 3.10
Kotak Mahindra Bank Ltd BANKS 3.06
Jyothy Laboratories Ltd CONSUMER NON DURABLES 3.04
Repco Home Finance Ltd FINANCE 2.90
Asian Paints Ltd CONSUMER NON DURABLES 2.82
Sundaram Fasteners Ltd AUTO ANCILLARIES 2.75
Amara Raja Batteries Ltd AUTO ANCILLARIES 2.69
Titan Company Ltd CONSUMER DURABLES 2.68
The Ramco Cements Ltd CEMENT 2.59
Sundaram Finance Ltd FINANCE 2.57
Ultratech Cement Ltd CEMENT 2.53
Steel Authority of India Ltd FERROUS METALS 2.49
Engineers India Ltd CONSTRUCTION PROJECT 2.46
AIA Engineering Ltd INDUSTRIAL PRODUCTS 2.38
Colgate Palmolive Ltd CONSUMER NON DURABLES 2.37
TTK Prestige Limited CONSUMER DURABLES 2.35
Eicher Motors Ltd AUTO 2.31
Indraprastha Gas Ltd GAS 2.25
Pidilite Industries Ltd CHEMICALS 2.15
Berger Paints CONSUMER NON DURABLES 2.10
Supreme Industries Ltd INDUSTRIAL PRODUCTS 2.10
Britannia Industries Ltd CONSUMER NON DURABLES 1.97
Nestle India Ltd CONSUMER NON DURABLES 1.80
Oracle Financial Services Software Ltd SOFTWARE 1.54
NMDC Ltd MINERALS/MINING 1.15
V Guard Industries Ltd INDUSTRIAL CAPITAL GOODS 0.92
CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
3.38
Total 100.00
#Weighted average for the month
13
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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
/N
orm
al D
ivi-
de
nd
/ H
alf Y
earl
y D
ivi-
de
nd
/ A
nn
ual 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+
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 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+
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 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
Fun
d,
Pe
erl
ess U
ltra
Sh
ort
Te
rm F
un
d ,
Pee
rless S
hort
Term
Fun
d &
Pe
erl
ess F
lexib
le I
nco
me
Fu
nd h
ave b
een
assig
ne
d “
Cre
dit R
isk R
atin
g A
AA
mfs
” b
y C
AR
E R
ating (
Cre
dit A
naly
sis
an
d R
ese
arc
h L
imite
d)
CA
RE
’s f
un
d c
red
it q
ualit
y r
atin
gs a
re
op
inio
ns o
n t
he o
ve
rall
cre
dit q
ualit
y o
f sp
ecific
de
bt
mu
tua
l fu
nd
. T
he r
atin
g c
ap
ture
s f
un
d’s
ove
rall
exp
osure
to
de
fault r
isk.
CA
RE
use
s t
he
co
ncep
t o
f cre
dit s
core
s,
assig
ne
d t
o in
div
idu
al se
cu
ritie
s, a
s p
er
cre
dit s
co
rin
g m
atr
ix d
eve
lope
d b
y C
AR
E.
The
score
is e
sse
ntially a
fun
ction
of
the c
redit
qu
alit
y a
nd
ratin
g o
f se
cu
rity
an
d its
in
tern
al re
sid
ual m
atu
rity
. T
he
ra
tin
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
ge
me
nt
info
rma
tio
n s
yste
ms a
nd
ris
k m
an
ag
em
en
t syste
ms in
va
rio
us o
pe
ratio
nal are
as.
CA
RE
re
vie
ws t
he
rela
ted
mu
tua
l fu
nd
on
an
on
goin
g b
asis
to
su
ppo
rt its
pu
blis
he
d r
ating
op
inio
ns.
A d
eta
iled
me
tho
do
log
y c
an
be
sou
rce
d fro
m w
ww
.ca
rera
tin
gs.c
om
or
Cre
dit A
na
lysis
& R
esea
rch
Ltd
. S
tatu
tory
deta
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
Quick Connect
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 :
EAST-AGARTALA: 42, Akhaura Road, Agartala Tripura (West) 799 001, *CONTAI: Vill: Dhandighi, Holding No.: 359 / 351, P.O. & P.S.: Contai,Dist: Purba Midnapore, West Bengal 721 401, DUR-GAPUR: Unit No. A-212, 1st Floor, Kamdhenu Commercial Complex, Durgapur City Center, Durgapur– 713216 West Bengal, *GHATAL: Argora, P O & PS: Ghatal, Dist: Paschim Midnapur, 721 212, *GUWAHATI: 2nd Floor, Suren Paradise Market, Opposite Hanuman Mandir, G.S Road, Ulubari, Guwahati 781 007, *KOLKATA: Peerless Mansion, 3rd Floor, 1 Chowringhee Square, Kolkata 700 069. SERAMPORE: Peerless Sadan, 57/B, G.T. Road, Kalitala, Hooghly 712 201, SILIGURI: Peerless House, Hill Cart Road, PO: Siliguri, Dist. Darjeeling, 734 001, WEST - *MUMBAI: 102, Centrepoint, J.B. Nagar, Andheri-Kurla Road, Andheri (East) , Mumbai – 400 059. *PUNE: Aurora Towers, 9, Moledina Road, West Wing Pune - 411 001, NORTH - *DELHI: 1005, 10th Floor, 15-17 Tolstoy House, Tolstoy Marg, Cannaught Place, New Delhi - 110 001, JAIPUR: 203 A 2nd Floor, Adarsha Plaza, Khasha Kothi Circle, Jai Singh Highway, Jaipur 302 001., LUCKNOW: 103, Trade Point, 4 A,Ground Floor, Saran Chambers-1, 5-Park Road, Hazratganj, Lucknow - 226001. SOUTH - *BANGALORE: Ramanashree Arcade, 3rd Floor, 18 M.G Road, Bangalore 560 001, *CHENNAI: Fagun Chambers, 2nd Floor, No.8 New No. 17 (Old No. 26A), Ethiraj Salai, Egmore, Chennai 600 008, *COIMBATORE: 1078 Nagappa Complex, Mettupalayam High Road, Coimbatore 641 002, *HYDERABAD: Kancharla Towers, (1st floor), 1-7-143,143/A, Golconda X Roads, Musheerabad, Hyderabad - 500 020, KANNUR: Sadhu Building, D No C.P 29/500, Fort Road, Kannur - 670 001, VIZAG: Dasapalla Centre, 2nd Floor, 38-2-40, Surya Bagh, Vizag - 530 020. * Note : These locations are Official Points of Acceptance. Registrar and Transfer Agent : Karvy Computershare Pvt. Ltd. KARVY SELENIUM, Plot number 31 & 32, Tower B, Survey No. 115/22, 115/24 & 115/25, Financial District, Gachibowli, Nanakramguda, Serlingampally Mandal Hyderabad - 500032 Telangana
Please refer to page no 14 and 15 for statutory details
PRODUCT LABELING
NAME OF THE SCHEME THESE PRODUCTS ARE SUITABLE 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.