National Science Day FACTSHEET January, 2016 Bharat Ratna Sir C. V. Raman (November 7, 1888 - November 21, 1970) This month’s factsheet marks National Science Day which is dedicated to Sir Chandrasekhara Venkata Raman, an Indian physicist who won Nobel Prize in 1930. Sir Raman worked at the Indian Association for the Cultivation of Science, Kolkata from 1907 to 1933. It was during this time that he discovered what is now known as the "Raman Effect" which won him the Nobel Prize. He was also awarded the Bharat Ratna in 1954. The prime objective of observing National Science Day is to spread the message of importance of science and its application among students, teachers and the general public. On this day, school and college students exhibit various science projects while national and state science institutions showcase their latest research.
Transcript
Please refer to page no 12 and 13 for statutory details 1
NationalScienceDayFACTSHEETJanuary,2016
BharatRatnaSirC.V.Raman(November 7, 1888 - November 21, 1970)
This month’s factsheet marks National Science Day which is dedicated to Sir Chandrasekhara Venkata Raman, an Indian physicist who won Nobel Prize in 1930. Sir Raman worked at the Indian Association for the Cultivation of Science, Kolkata from 1907 to 1933. It was during this time that he discovered what is now known as the "Raman Effect" which won him the Nobel Prize. He was also awarded the Bharat Ratna in 1954. The prime objective of observing National Science Day is to spread the message of importance of science and its application among students, teachers and the general public. On this day, school and college students exhibit various science projects while national and state science institutions showcase their latest research.
Please refer to page no 12 and 13 for statutory details 2
Fixed Income Market Commentary for the month of January 2016
Fixed Income Market Outlook
The beginning of the new calendar year saw the domestic
debt markets being broadly negative. An aggravation
in market liquidity and FPI selling were contributory to
some gains being given up even as participants remained
concerned about rising inflation and uncertainty relating
to containment of fiscal deficit.
Liquidity
Market liquidity remained tight for most of the month and overnight rates
remained volatile with CBLO rates ranging from about 6.74% to about 7.09%
Overnight rates tightened towards the second half of the month partly on
account of reduced government spend. Going forward, we expect the market
liquidity situation to remain tight unless RBI takes steps to mitigate the
situation.
Inflation
CPI continued to harden and was printed at 5.61% (Vs 5.41% last month) and
was more or less in line with market expectations. RBIs estimate of keeping
CPI under 6.00% by Jan 2016 is hereby met. WPI inflation remained in the
negative territory but continues to show a rising trend. WPI printed at -0.73%
(Vs -1.99% last month) and was above market expectation of about -1.15%.
The IIP print came in sharply lower at – 3.2% (Vs +9.8% last month). This was
the first negative IIP print seen since November 2014.
INR
The INR displayed significant volatility against USD and began the month at
about 66.14 (Vs USD) and ended the month at about 67.79. Our currency
showed relative depreciation mainly on account of a globally strengthening
USD and FPI selling. Going ahead, we expect the currency to continue
exhibiting relative volatility.
Interest rates & Outlook
CPI and WPI both trended higher on account of a wearing off of the base
effect as well as percolation of the effects of a somewhat deficient monsoon.
IIP numbers have been patchy and need to be watched in order to estimate
economic revival in the coming quarters.
Money market instruments saw some hardening in rates following cash
tightness. We also saw Gilt securities gave up significant gains on the back
of relatively tight liquidity. The new 10 year benchmark was issued during
January and the cut off was set at 7.59%. The new benchmark 10 year paper
started the month at about par (7.59%) and ended the month at about 7.64%.
Corporate bonds yields also saw some hardening in yields for most part of the
month on the back of relatively poor volumes. However, the movements in
yields were not as much as seen in the G-Sec space.
Market participants will also be keenly watching RBIs monetary policy in early
February . Overall, we do not expect any major change in RBIs stance and
we retain the outlook of the policy tenor having accommodative undertones.
Market participants shall 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 participants may do well to have
a positive outlook for domestic bond markets in the coming quarters.
Going forward, we retain our view of a prolonged pause in RBIs interest rate
actions and expect the benchmark 10 year to trade in the range of 7.60% to
7.80%.
Killol PandyaHead - Fixed Income
Data Source: Bloomberg, RBI, mospi.nic.in
Please refer to page no 12 and 13 for statutory details 3
Equity Market Commentary for the month of January 2016
Domestic Markets
After a negative December, January returns were no different; with Sensex being down by 4.77% and Nifty 50 Index down by 4.82%. The losses in broader indices returns were higher with BSE Mid Cap index down by 6.51% and BSE Small Cap index down by 8.17%.
In January, among BSE sector indices Consumer sector and IT care sector posted positive returns. Consumer with 1.55% returns stood at the top of the table while Capital Goods sector lost the most, down by 12.46%.
For the month, Rupee depreciated by 2.48% and closed at 67.79 against US dollar.
Domestic Macro Data
In the month of November, IIP contracted by 3.2% YoY, compared to 9.8% expansion in October. The growth deceleration was partially due to base effect (delayed Diwali compared to last year). On trend basis, 3.2% was the lowest print of 2015. The downtick is mainly on the manufacturing front (contraction of 4.4% compared to expansion of 10.6% in October). Within manufacturing, capital goods contracted by 24.4% compared to 16.3% growth in October. Mining (2.3% growth compared to 5.2% in October) and electricity continues to do well.
India WPI inflation in December came in at -0.73%, though 126 bps higher than that of last month, but still marking 14th straight month of negative print. CPI for December came in at 5.61% versus 5.41% in November. The food inflation at 6.40% inched higher compared to last month owing to trend reversal in international prices of edible oil and sugar. The anticipated price decline in pulses has not happened but the high frequency data suggest that peak pulses prices are behind us. Core CPI also inched higher to 4.70%, flat compared to last month.
India’s trade deficit for December came in at USD 11.7 billion, USD 2 billion higher than last month. Exports at USD 22.3 billion were down by 15% YoY – this is the 13th consecutive month of contraction. Imports at USD 34 billion were higher by ~USD 4.2 billion compared to last month. The increase is primarily due to seasonal factors. Gold imports at USD 3.8 billion increased from USD 3.5 billion last month.
Global Markets
The World Bank slashed its growth forecast for the global economy in 2016 citing disappointing growth in major emerging market economies like China and Brazil. The bank reduced its growth guidance to 2.9% which is 0.4% lower than previous estimates.
The Federal Reserve maintained status quo in its policy decision and kept the target Fed fund rates unchanged at 0.25%-0.5%.
Bank of Japan cut interest rates to minus 0.1% or a negative interest rates policy. Bank cited uncertainty over emerging economies, including China.
Outlook
What a way to start a new year – the bulls never had a great 2015 – Nifty 50 was down 4% and then before they realized, it was down another 9% within the month (from the peak to the bottom) within a matter of 13 days. This clearly came as a rude shock to all investors as no one expected such a pace of correction.
This correction, to our minds, was triggered predominantly by global data points indicating deterioration of global GDP growth than domestic factors. In fact a large part of sell-off arising out of FIIs redeeming was absorbed by the domestic mutual funds and the remaining by domestic Insurance companies. The domestic investors have shown an amazing maturity towards long term investment and used this correction in enhancing their equity allocation.
As we head into the December quarter corporate earnings, the expectations are pretty subdued and after having witnessed four consecutive quarters of decline in sales and profits from the Nifty 50 companies, the street is not expecting any fireworks.
We believe that the current environment wherein a Nominal GDP is growing slower than Real GDP; there will be a lot of pressure on corporate sales growth and hence profitability growth. This environment would persist as long as pricing power does not return to corporates at large. However, there are certain businesses which are already demonstrating signs of such pricing power where one is observing sales growth (market share gains) despite declining commodity prices.
As such, it is possible that index performance in 2016 may continue to be lackluster. However, we are confident that our bottom-up process of selecting those companies that use capital efficiently and generate free cash flows (hence benefit from such an environment) should hold our portfolios in good stead.
Amit Nigam Head - Equities
Data Source - Reuters, Bloomberg, RBI, Internal
Please refer to page no 12 and 13 for statutory details 4
Portfolio Holdings % of Net Assets Rating
CERTIFICATE OF DEPOSITS 37.76
IndusInd Bank Ltd 9.14 CRISIL A1+
Oriental Bank of Commerce 6.51 CRISIL A1+
Corporation Bank 6.51 CRISIL A1+
Bank of India 6.50 CRISIL A1+
Canara Bank 6.50 CRISIL A1+
Punjab National Bank 2.60 CRISIL A1+
COMMERCIAL PAPER 59.78
Housing Development Finance Corporation Ltd 6.54 ICRA A1+
GRUH Finance Ltd 6.51 ICRA A1+
National Engineering Industries Ltd 6.51 ICRA A1+
PNB Housing Finance 6.50 ICRA A1+
Ballarpur Industries Ltd 6.49 ICRA A1+
RHC Holding Private Ltd 6.49 ICRA A1+
Rural Electrification Corporation Ltd 6.48 ICRA A1+
Religare Securities Ltd 6.47 ICRA A1+
Bilt Graphic Paper Products Ltd 5.19 ICRA A1+
SIDBI 1.30 CRISIL A1+
Tata Capital Financial Services Ltd 1.30 ICRA A1+
FIXED DEPOSITS 0.26
HDFC Bank Ltd 0.26
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent 2.20
Total 100.00
Portfolio as on January 31, 2016
(as on January 31, 2016)
Key Scheme Information Investment ObjectiveTo 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 investment objective will be achieved. The scheme does not assure or guarantee any returns.Allotment Date Fund Size19th February 2010 ` 459.88 Crs (Monthly AAUM for Jan, 2016) ` 342.88 Crs (AUM as on 31 Jan, 2016)Asset Allocation Pattern Scheme FeaturesMoney Market Instruments: 60% to 100% Exit Load : NIL Debt Instruments: 0% to 40% Minimum Amount: ` 1,000/- and in multiples of ` 1/- thereafterFund Manager Benchmark : CRISIL Liquid Fund IndexMr. 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 Liquid Fund - Regular Plan Monthly Dividend 29-Jan-16 4.38364416 4.06136242 1007.3293
Peerless Liquid Fund - Direct Monthly Dividend 29-Jan-16 4.51885221 4.18663009 1007.5165
Peerless Liquid Fund - Regular Plan Monthly Dividend 31-Dec-15 5.13162200 4.75434957 1008.3649
Peerless Liquid Fund - Direct Monthly Dividend 31-Dec-15 5.85027587 5.42016863 1009.3599
Peerless Liquid Fund - Regular Plan Monthly Dividend 27-Nov-15 4.13576274 3.83170503 1006.9861
Peerless Liquid Fund - Direct Monthly Dividend 27-Nov-15 4.25493650 3.94211724 1007.1511
Asset Allocation
37.76%59.78%
0.26%2.20%
Certificate of DepositsCommercial Paper
CBLO (including TBill held as collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
Fixed Deposit
As on January 31, 2016 Average Maturity (Yrs) .............................................................................. 0.08Modified Duration (Yrs) .............................................................................. 0.07Portfolio Yield (%) .............................................................................. 7.91# TER - Reg (%) .............................................................................. 0.22# TER - Direct (%) .............................................................................. 0.12
PeriodPeerless Liquid Fund - Regular Growth Option
CRISIL Liquid Fund
Index
1 Year Govt. T-Bill
Dec 31, 2014 to Dec 31, 2015 8.35% 8.23% 8.22%
Dec 31, 2013 to Dec 31, 2014 9.25% 9.21% 8.56%
Dec 31, 2012 to Dec 31, 2013 9.49% 9.03% 5.86%
Since Inception CAGR % 8.67% 8.15% 6.73%
Current Value of investment if Rs 10000/- was invested on Inception date (in Rs.)
16282.92 15833.98 14655.03
Past performance may or may not be sustained in futureReturns 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.
Scheme Performance as on December 31, 2015
Please refer to page no. 10 for tax on dividend distributionPlease refer to page no. 14 for Product LabellingFace Value changed from Rs.10/- to Rs.1000/- with effect from 21st September 2014.
Scheme Performance vis-a-vis Benchmark (%)Peerless Liquid Fund - Regular Plan - Growth
Maturity Profile % WeightageBelow or equal to 91 days 97.80
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
2.20
# Weighted average for the month
Please refer to page no 12 and 13 for statutory details 5
Portfolio as on January 31, 2016
(as on January 31, 2016)
PeriodPeerless Ultra Short Term Fund - Regular
Growth Option
CRISIL Liquid Fund
Index
1 Year Govt. T-Bill
Dec 31, 2014 to Dec 31, 2015 7.86% 8.23% 8.22%
Dec 31, 2013 to Dec 31, 2014 9.12% 9.21% 8.56%Dec 31, 2012 to Dec 31, 2013 9.03% 9.03% 5.86%Since Inception CAGR % 8.64% 8.15% 6.73%Current Value of investment if Rs 10000/- was invested on Inception date (in Rs.)
16256.31 15833.98 14655.03
Past performance may or may not be sustained in futureReturns 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.
Scheme Performance as on December 31, 2015
As on January 31, 2016 Average Maturity (Yrs) ............................................................................. 0.39Modified Duration (Yrs) ............................................................................. 0.36Portfolio Yield (%) .............................................................................. 8.09# TER - Reg (%) .............................................................................. 0.85# TER - Direct (%) .............................................................................. 0.26
Investment ObjectiveTo 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 Fund Size19th February, 2010 ` 80.52 Crs (Monthly AAUM for Jan, 2016) ` 78.87 Crs (AUM as on 31 Jan, 2016)Asset Allocation Pattern Scheme FeaturesMoney Market Instruments: 70% to 100% Exit Load : NIL Debt Instruments: 0% to 30% Minimum Amount: ` 1,000/- and in multiples of ` 1/- thereafterFund Managers Benchmark : CRISIL Liquid Fund IndexMr. Killol Pandya : Total experience 16 years.Mr. Vikram Pamnani : Total experience 7 years.
Key Scheme Information
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-Jan-16 4.84957744 4.49304069 1007.3561
Peerless Ultra Short Term Fund - Direct Monthly Dividend 29-Jan-16 4.90316952 4.54269272 1018.5066
Peerless Ultra Short Term Fund - Regular Plan Monthly Dividend 31-Dec-15 4.85846130 4.50127141 1009.3157
Peerless Ultra Short Term Fund - Direct Monthly Dividend 31-Dec-15 4.91003104 4.54904979 1020.0432
Peerless Ultra Short Term Fund - Regular Plan Monthly Dividend 27-Nov-15 4.86387829 4.50629015 1010.2465
Peerless Ultra Short Term Fund - Direct Monthly Dividend 27-Nov-15 4.91277564 4.55159261 1020.4167
Dividend History (Monthly)
Asset AllocationCertificate of Deposits
Commercial Papers
Non ConvertibleDebentures/ Floating RateNotes/ Bonds
24.70%
12.88%
19.24%
43.18%
CBLO (including TBill held as collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
Portfolio Holdings % of Net Assets RatingCERTIFICATE OF DEPOSITS 43.18
IndusInd Bank Ltd 18.92 CRISIL A1+
Punjab National Bank 12.60 CRISIL A1+
Axis Bank Ltd 11.66 ICRA A1+
COMMERCIAL PAPER 24.70
Adani Ports and Special Economic Zone Ltd 18.41 ICRA A1+
Bilt Graphic Paper Products Ltd 6.29 ICRA A1+
NON-CONVERTIBLE DEBENTURE / ZCB 19.24
Housing Development Finance Corporation Ltd 12.81 CRISIL AAA
Power Finance Corporation Ltd 6.43 CRISIL AAA
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent 12.88
Total 100.00
Scheme Performance vis-a-vis Benchmark (%)Peerless Liquid Fund - Regular Plan - Growth
Please refer to page no. 10 for tax on dividend distributionPlease refer to page no. 14 for Product LabellingFace Value changed from Rs. 10/- to Rs.1000/- with effect from 22nd September 2014.^ Last Business Day
Maturity Profile % WeightageBelow 1 Year 67.88Above 1 Year 19.24CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent 12.88
Net Asset Value (NAV) as on January 29, 2016 (in `) ^Plan / Option Regular Plan Direct Plan
Please refer to page no 12 and 13 for statutory details 6
PeriodPeerless
Short Term Fund - Regular Growth Option
CRISIL Short Term Debt Index
1 Year Govt. T-Bill
Dec 31, 2014 to Dec 31, 2015 8.02% 8.66% 8.22%
Dec 31, 2013 to Dec 31, 2014 9.21% 10.47% 8.56%
Dec 31, 2012 to Dec 31, 2013 8.88% 8.27% 5.86%
Since Inception CAGR % 9.68% 8.59% 7.24%
Current Value of investment if Rs 10000/- was invested on Inception date (IN RS.)
16429.90 15566.10 14554.74
Past performance may or may not be sustained in futureReturns 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.
Portfolio Holdings % of Net Assets RatingCERTIFICATE OF DEPOSITS 23.38
Axis Bank Ltd 16.76 ICRA A1+
Punjab National Bank 6.62 CRISIL A1+
COMMERCIAL PAPER 12.90
Adani Ports and Special Economic Zone Ltd 12.90 ICRA A1+
NON-CONVERTIBLE DEBENTURE / ZCB 57.52
Jyothy Laboratories Ltd 17.01 CARE AA-
Housing Development Finance Corporation Ltd 13.73 CRISIL AAA
SIDBI 13.39 CARE AAA
Power Finance Corporation Ltd 6.76 CRISIL AAA
Fullerton India Credit Company Ltd 6.63 CARE AAA
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent 6.20
Total 100.00
Scheme Performance as on December 31, 2015
Key Scheme Information Investment ObjectiveTo generate income & capital appreciation by investing in a diversified protfolio of debt and money market securities. However, there can be no assurance that the in-vestment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.Allotment Date Fund Size18th August, 2010 ` 99.01 Crs (Monthly AAUM for Jan, 2016) ` 75.05 Crs (AUM as on 31 Jan, 2016)Asset Allocation Pattern Scheme FeaturesMoney Market Instruments: 25% to 100% Exit Load : NILDebt Instruments: 0% to 75% Minimum Amount: ` 1,000/- and in multiples of ` 1/- thereafterFund Manager Benchmark : CRISIL Short Term Debt IndexMr. Killol Pandya - Total experience 16 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 11-Jan-16 0.05214755 0.04831370 10.8330
Peerless Short Term Fund - Direct Monthly Dividend 11-Jan-16 0.05330317 0.04938437 11.0749
Peerless Short Term Fund - Regular Monthly Dividend 10-Dec-15 0.05221977 0.04838062 10.8415
Peerless Short Term Fund - Direct Monthly Dividend 10-Dec-15 0.05330317 0.04938437 11.0754
Peerless Short Term Fund - Regular Monthly Dividend 10-Nov-15 0.05229200 0.04844754 10.8659
Peerless Short Term Fund - Direct Monthly Dividend 10-Nov-15 0.05337540 0.04945128 11.0930
As on January 31, 2016 Average Maturity (Yrs) ............................................................................. 0.97 Modified Duration (Yrs) ............................................................................. 0.86Portfolio Yield (%) .............................................................................. 8.46# TER - Reg (%) .............................................................................. 1.11# TER - Direct (%) .............................................................................. 0.23
Asset Allocation
Certificate Deposits
Commercial Papers
Non ConvertibleDebentures/floating RateNotes/Bonds
57.52%
23.38%
12.90%
6.20%
CBLO (including TBill held as collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
Scheme Performance vis-a-vis Benchmark (%)Peerless Short Term Fund - Growth CRISIL Short Term Debt Index
1 Year Govt. T-Bill
Dec 31, 2014 to Dec 31, 2015
Dec 31, 2013 to Dec 31, 2014
Dec 31, 2012 to Dec 31, 2013
Since Inception - CAGR (%)
8.02 8.66 8.22 9.2110.47
8.56 8.88 8.279.68 8.59
7.245.86
0
2
4
6
8
10
12
Portfolio as on January 31, 2016
Please refer to page no. 10 for tax on dividend distributionPlease refer to page no. 14 for Product Labelling^ Last Business Day
Net Asset Value (NAV) as on January 29, 2016 (in `) ^Plan / Option Regular Plan Direct Plan
Above 1 Year 40.51CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
6.20
# Weighted average for the month
Scheme / Plan Record Date
Net Dividend (`per unit) Cum Dividend Nav (in `)
Individual/HUF Corporate
Peerless Short Term Fund-Regular Quarterly Dividend 5-Nov-15 0.15723713 0.14567719 10.9242
Peerless Short Term Fund-Direct Quarterly Dividend 5-Nov-15 0.16099291 0.14915685 11.1938
Peerless Short Term Fund - Regular Quarterly Dividend 25-Aug-15 0.15781461 0.14621251 10.9660
Peerless Short Term Fund - Direct Quarterly Dividend 25-Aug-15 0.16132573 - 11.2169
Peerless Short Term Fund - Regular Quarterly Dividend 5-May-15 0.15167537 0.14052447 10.9099
Peerless Short Term Fund - Direct Quarterly Dividend 5-May-15 0.15886963 - 11.1394
Dividend History (Quarterly)
(as on January 31, 2016)
Please refer to page no 12 and 13 for statutory details 7
Period Peerless Flexible
Income Fund-Regu-lar Growth Option
CRISIL Composite Bond
Fund Index
10 Year dated GOI Security
Dec 31, 2014 to Dec 31, 2015 6.32% 8.63% 7.39%
Dec 31, 2013 to Dec 31, 2014 6.13% 14.31% 14.14%Dec 31, 2012 to Dec 31, 2013 4.51% 3.79% -0.68%
Since Inception CAGR % 6.11% 8.92% 6.48%Current Value of investment if Rs 10000/- was invested on Inception date (in Rs.)
12207.10 13327.18 14058.62
Past performance may or may not be sustained in futureReturns 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.
Key Scheme Information Investment ObjectiveThe 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 Fund Size21st August, 2012 ` 47.28 Crs (Monthly AAUM for Jan, 2016) ` 47.40 Crs (AUM as on 31 Jan, 2016)Asset Allocation Pattern Scheme FeaturesMoney Market Instruments: 0 to 100% Exit Load : NILDebt Instruments: 0 to 100% Minimum Amount: ` 1,000/- and in multiples of ` 1/- thereafterFund Manager Benchmark: CRISIL Composite Bond Fund IndexMr. Killol Pandya - Total experience 16 years.
Portfolio Holdings % of Net Assets RatingFIXED DEPOSITS 4.22
HDFC Bank Ltd 4.22
GOVERNMENT SECURITIES 87.81
7.68% CGL 15/12/2023 37.35 Sovereign
7.88% CGL 19/03/2030 20.94 Sovereign
8.27% CGL 09/06/2020 10.81 Sovereign
7.59% CGL 20/03/2029 10.31 Sovereign
7.72% CGL 25/05/2025 8.40 Sovereign
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent 7.97
Total 100.00
Portfolio as on January 31, 2016
Maturity Profile % WeightageAbove 1 Year 87.81Below 1 Year 4.22CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent 7.97
As on January 31, 2016 Average Maturity (Yrs) .............................................................................. 8.64 Modified Duration (Yrs) .............................................................................. 5.74 Portfolio Yield (%) .............................................................................. 7.70 # TER - Reg (%) .............................................................................. 1.49 # TER - Direct (%) .............................................................................. 0.26
Please refer to page no. 10 for tax on dividend distributionPlease refer to page no. 14 for Product Labelling^ Last Business Day
CBLO (including TBill held as collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
Asset Allocation
Rating Profile (%)
Sovereign CBLO / Cash & Cash Equivalent / Unrated
87.81%
12.19%
# Weighted average for the month
(as on January 31, 2016)
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 Divi-dend
10-Jul-13 0.16008741 - 10.2115
Peerless Flexible Income Fund-Regular Monthly Dividend
10-Jun-13 0.09351267 0.08955192 10.1495
Peerless Flexible Income Fund-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-Regular Quarterly Dividend
3-May-13 0.17518888 0.14926487 10.3064
Peerless Flexible Income Fund-Direct Quarterly Dividend
3-May-13 0.43797219 0.37316218 10.7199
Peerless Flexible Income Fund-Regular Quarterly Dividend
4-Feb-13 0.35239527 0.30201220 10.4709
Please refer to page no 12 and 13 for statutory details 8
3.56
Bank
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3.09
1.75
Cons
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Du
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2.13
Fina
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1.36
Auto
1.61
Indu
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0.62
Indu
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0.701.01
Softw
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1.20
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0.43
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0.40
Chem
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Engi
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Gas
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1.08
Portfolio Holdings % of Net Assets Rating/ IndustryEQUITY SHARES 20.37 HDFC Bank Ltd 1.23 BANKSOracle Financial Services Software Ltd 1.08 SOFTWAREITC Ltd 1.05 CONSUMER NON DURABLESBajaj Auto Ltd 0.93 AUTOKotak Mahindra Bank Ltd 0.90 BANKSMotherson Sumi Systems Ltd 0.88 AUTO ANCILLARIESJyothy Laboratories Ltd 0.77 CONSUMER NON DURABLESIndusInd Bank Ltd 0.76 BANKSHousing Development Finance Corporation Ltd 0.75 FINANCEPidilite Industries Ltd 0.73 CHEMICALSAsian Paints Ltd 0.72 CONSUMER NON DURABLESOil & Natural Gas Corporation Ltd 0.70 OILEicher Motors Ltd 0.68 AUTOSundaram Finance Ltd 0.67 FINANCEHavells India Ltd 0.66 CONSUMER DURABLESIndraprastha Gas Ltd 0.62 GASTitan Company Ltd 0.60 CONSUMER DURABLESNestle India Ltd 0.55 CONSUMER NON DURABLESSun Pharmaceuticals Industries Ltd 0.55 PHARMACEUTICALSRepco Home Finance Ltd 0.53 FINANCEOthers 5.01 NON-CONVERTIBLE DEBENTURE / ZCB 54.54 Religare Enterprises Ltd 17.84 FITCH AA-Power Finance Corporation Ltd 11.37 CRISIL AAAReliance Infrastructure Ltd 7.27 CRISIL ADewan Housing Finance Corp Ltd 6.87 CARE AAARural Electrification Corporation Ltd 5.64 CRISIL AAAHousing Development Finance Corporation Ltd 5.55 CRISIL AAAFIXED DEPOSITS 1.37 HDFC Bank Ltd 1.37 Mutual Fund Units 11.02 GOVERNMENT SECURITIES 6.84 7.68% CGL 15/12/2023 6.84 SovereignCBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
5.86
Total 100.00
Portfolio as on January 31, 2016
Key Scheme Information Investment ObjectiveTo generate regular income through a portfolio of predominantly high quality fixed income securi-ties 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 Fund Size29th July, 2010 ` 73.20 Crs (Monthly AAUM for Jan, 2016) ` 72.92 Crs (AUM as on 31 Jan, 2016)Asset Allocation Pattern Scheme FeaturesDebt & Money Market instruments: 80% to 98% Exit Load : NIL Equity & Equity related instruments: 2% to 20% Minimum Amount: ` 1,000/- and in multiples of ` 1/- thereafter Fund Managers Benchmark : CRISIL MIP Blended Fund Index Mr. Killol Pandya : Total experience 16 years. Mr. Amit Nigam : Total experience 13 years.
PeriodPeerless
Income Plus Fund - Regular Growth Option
CRISIL MIP Blended Fund
Index
10 Year dated GOI Security
Dec 31, 2014 to Dec 31, 2015 6.70% 6.79% 7.39%Dec 31, 2013 to Dec 31, 2014 12.99% 16.83% 14.14%Dec 31, 2012 to Dec 31, 2013 7.84% 4.41% -0.68%Since Inception CAGR % 8.40% 8.26% 6.48%Current Value of investment if Rs 10000/- was invested on Inception date (in Rs.)
15493.40 15387.90 14058.62
Past performance may or may not be sustained in futureReturns 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.
Scheme Performance as on December 31, 2015
As on January 31, 2016 Average Maturity for the debt portion (Yrs) ................................................. 3.33 Modified Duration for the debt portion (Yrs) ............................................... 2.50 Portfolio Yield (%) .............................................................................. 9.14 # TER - Reg (%) .............................................................................. 2.58 # TER - Direct (%) .............................................................................. 0.59
Asset Allocation
Non Convertible Debentures/floating Rate Notes/Bonds
Equity
54.54%
20.37%
1.37%
5.86%
11.02%
6.84% Sovereign Securities
Mutual Fund Units
Fixed Deposit
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
Please refer to page no. 10 for tax on dividend distributionPlease refer to page no. 14 for Product Labelling^ Last Business Day
Maturity Profile % WeightageAbove 1 Year 47.24
Below 1 Year 15.51
CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
5.86
Net Asset Value (NAV) as on January 29, 2016 (in `) ^Plan / Option Regular Plan Direct Plan
Peerless Income Plus Fund - Percentage contribution of B15 cities to AUM is 55.99 on January 31, 2016
Dividend History (Quarterly)Scheme / Plan Record
DateNet Dividend (`per unit) Cum Dividend
Nav (in `)Individual/HUF CorporatePeerless Income Plus Fund-Regular Quarterly Dividend 5-Nov-15 0.18367204 0.17016863 11.2574
Peerless Income Plus Fund-Direct Quarterly Dividend 5-Nov-15 0.19356707 0.17933619 11.8698
Peerless Income Plus Fund-Regular Quarterly Dividend 25-Aug-15 0.18569410 0.17204238 11.3293
Peerless Income Plus Fund-Direct Quarterly Dividend 25-Aug-15 0.19520827 - 11.9186
Peerless Income Plus Fund-Regular Quarterly Dividend 5-May-15 0.18056634 0.16729145 11.3827
Peerless Income Plus Fund-Direct Quarterly Dividend 5-May-15 0.18780685 - 11.9301
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-Jan-16 0.05713118 0.05293094 10.5889
Peerless Income Plus Fund - Direct Monthly Dividend 29-Jan-16 0.06038137 0.05594218 11.1967
Peerless Income Plus Fund - Regular Monthly Dividend 31-Dec-15 0.05799790 0.05373394 10.7241
Peerless Income Plus Fund - Direct Monthly Dividend 31-Dec-15 0.06124809 0.05674518 11.3279
Peerless Income Plus Fund - Regular Monthly Dividend 27-Nov-15 0.05828680 0.05400161 10.7564
Peerless Income Plus Fund - Direct Monthly Dividend 27-Nov-15 0.06146477 0.05694593 11.3484
# Weighted average for the month
Rating Profile (%) - Debt
29.43%
6.84%
25.11%
7.23%
Sovereign AAA and Equivalent CBLO/ Cash & Cash Equivalent / UnratedAA-and Below
Please refer to page no 12 and 13 for statutory details 9
Portfolio Holdings % of Net Assets Rating/Industry
EQUITY SHARES 20.37 HDFC Bank Ltd 1.20 BANKSOracle Financial Services Software Ltd 1.06 SOFTWAREITC Ltd 1.05 CONSUMER NON DURABLESMotherson Sumi Systems Ltd 0.97 AUTO ANCILLARIESIndusInd Bank Ltd 0.85 BANKSBajaj Auto Ltd 0.84 AUTOKotak Mahindra Bank Ltd 0.78 BANKSHousing Development Finance Corporation Ltd 0.75 FINANCEEicher Motors Ltd 0.75 AUTOOil & Natural Gas Corporation Ltd 0.74 OILPidilite Industries Ltd 0.72 CHEMICALSSundaram Finance Ltd 0.72 FINANCEHavells India Ltd 0.72 CONSUMER DURABLESAsian Paints Ltd 0.71 CONSUMER NON DURABLESJyothy Laboratories Ltd 0.69 CONSUMER NON DURABLESIndraprastha Gas Ltd 0.64 GASSun Pharmaceuticals Industries Ltd 0.60 PHARMACEUTICALSRepco Home Finance Ltd 0.56 FINANCELupin Ltd 0.55 PHARMACEUTICALSNestle India Ltd 0.55 CONSUMER NON DURABLESOthers 4.92 CERTIFICATE OF DEPOSITS 7.36 Axis Bank Ltd 7.36 ICRA A1+NON-CONVERTIBLE DEBENTURE / ZCB 21.97 Religare Enterprises Ltd 6.98 FITCH AA-Power Finance Corporation Ltd 6.30 CRISIL AAARural Electrification Corporation Ltd 3.12 CRISIL AAALIC Housing Finance Ltd 3.11 CRISIL AAAHousing Development Finance Corporation Ltd 2.46 CRISIL AAAMutual Fund Units 19.78 Goldman Sachs Mutual Fund (Old:Benchmark MF Gold) 19.78
GOVERNMENT SECURITIES 24.98 7.72% CGL 25/05/2025 18.16 Sovereign7.68% CGL 15/12/2023 6.82 SovereignCBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
5.54
Total 100.00
Portfolio as on January 31, 2016
Key Scheme Information Investment Objective
The investment objective of the scheme is to generate long term capital appreciation through a porfolio of Fixed Income Securities, Gold Exchange Traded Fund (ETFs) of other mutual funds and equity related instruments. 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 Fund Size5th April, 2011 ` 32.99 Crs (Monthly AAUM for Jan, 2016) ` 32.90 Crs (AUM as on 31 Jan, 2016)Asset Allocation Pattern Scheme FeaturesDebt & Money Market instruments: 50% to 70% Exit Load : NIL Equity & Equity related instruments: 15% to 25% Minimum Amount: ` 1,000/- Gold ETFs of other mutual funds : 15% to 25% and in multiples of ` 1/- thereafter Benchmark : CRISIL MIP Blended Fund Index + Fund Managers Gold (85:15)Mr. Killol Pandya - Total experience 16 years.Mr. Amit Nigam - Total experience 13 years.
As on January 31, 2016 Average Maturity for the debt portion (Yrs) ................................................. 5.03 Modified Duration for the debt portion (Yrs) ............................................... 3.63 Portfolio Yield (%) .............................................................................. 8.32 # TER - Reg (%) .............................................................................. 2.42 # TER - Direct (%) .............................................................................. 0.66
Asset Allocation
20.37%
24.98%
5.54%
7.36%
21.97%
Equity
Certificate of Deposits
Sovereign Securities
CBLO (including TBill held as collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
Non Convertible Debentures/floating Rate Notes/Bonds
Exchange Traded Fund
19.78%
Please refer to page no. 10 for tax on dividend distributionPlease refer to page no. 14 for Product Labelling^ Last Business Day* Erstwhile known as Peerless MF Child Plan
Net Asset Value (NAV) as on January 29, 2016 (in `) ^Plan / Option Regular Plan Direct Plan
Maturity Profile % WeightageAbove 1 Year 46.95Below 1 Year 7.36CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent
Peerless 3 in 1 Fund - Percentage contribution of B15 cities to AUM is 23.31 as on January 31, 2016
*
Rating Profile (%) - Debt
CBLO/ Cash & Cash EquivalentAA - and EquivalnetSoveriegn AAA and EquivalentA1+ and Equivalent
7.36%
24.98%
6.98%
14.99%
5.54%
# Weighted average for the month
PeriodPeerless 3 in 1 Fund - Regular Growth Option
CRISIL MIP Blended Fund Index + Gold
(85:15)
10 Year dated GOI Security
Dec 31, 2014 to Dec 31, 2015 4.26% 4.69% 7.39%Dec 31, 2013 to Dec 31, 2014 10.72% 9.54% 14.14%Dec 31, 2012 to Dec 31, 2013 4.61% 6.60% -0.68%Since Inception CAGR % 8.11% 6.98% 6.54%Current Value of investment if Rs 10000/- was invested on Inception date (in Rs.)
14471.80 13770.00 13505.59
Past performance may or may not be sustained in futureReturns 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.
Scheme Performance as on December 31, 2015
% of Net Assets
Please refer to page no 12 and 13 for statutory details 10
PeriodPeerless Equity Fund - Regular Growth Option
NIFTY 50 NIFTY 50
Dec 31, 2014 to Dec 31, 2015 5.23% -4.06% -4.06%Dec 31, 2013 to Dec 31, 2014 29.74% 31.39% 31.39%Dec 31, 2012 to Dec 31, 2013 4.24% 6.76% 6.76%Since Inception CAGR % 12.82% 11.77% 11.77%Current Value of investment if Rs 10000/- was invested on Inception date (in Rs.)
16715.90 16066.54 16066.54
Past performance may or may not be sustained in futureReturns 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.
Portfolio as on January 31, 2016 Scheme Performance as on December 31, 2015
Please refer to page no. 14 for Product Labelling^ Last Business Day* Introduced from November 2, 2015
Volatility Measures ...................................................... Jan 16Standard Deviation*(%) ................................................................................. 11.76Benchmark Standard Deviation* (%) ............................................................. 13.94Sharpe Ratio~ ................................................................................. 0.49Beta ................................................................................. 0.78Portfolio Turnover Ratio (Times) .................................................................... 0.81# TER - Reg (%) ................................................................................. 2.67# TER - Direct (%) ................................................................................. 1.30
CBLO (including TBill held as collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
Peerless Equity Fund - Percentage contribution of B15 cities to AUM is 15.48 as on January 31, 2016
*Statistical returns based on monthly returns over the past 3 year data as on Jan 31, 2016. ~ 1 day MIBOR has been assumed as the risk-free rate of return. # Weighted average for the month
SIP ReturnsSIP Tenure (in years) 3Investment Amount 10,000.00 Start Date 1-Mar-13End Date 1-Feb-16Total no of Instalments 36Total Amount Invested(Rs) 3,60,000.00 Present value(Rs) 413,907.48 Total No Units 25925.119CAGR (%) 10.02XIRR(%) 9.78Yield (%) 14.97
SIP date every 1st business day of the month
Tax on Dividend Distribution Nature Individual/HUF Domestic Companies
Note: Above rates are inclusive of surcharge and cess.
Scheme / Plan Record Date
Net Dividend (`per unit) Cum Dividend Nav (in `)
Individual/HUF Corporate
Peerless Equity Fund- Normal Dividend 16-Nov-15 2.5000 2.5000 15.1693
Peerless Equity Fund- Direct Normal Dividend 16-Nov-15 2.5000 2.5000 15.6576
Peerless Equity Fund - Dividend Option 26-Nov-14 1.0000 - 15.6173
Peerless Equity Fund - Direct Dividend Option 26-Nov-14 1.0000 - 15.9212
Dividend History
Key Scheme Information Investment ObjectiveTo 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 Size28th September, 2011 ` 189.05 Crs (Monthly AAUM for Jan, 2016) ` 190.47 Crs (AUM as on 31 Jan, 2016)Asset Allocation Pattern Scheme FeaturesEquity & Equity related instruments: 80% to 100% Exit Load: NIL Debt & Money Market instruments: 0% to 20% Minimum Amount: ` 1,000/- and in multiples of ` 1/- thereafter Fund Manager Benchmark : Nifty 50 Mr. Amit Nigam - Total experience 13 years.
Past performance may or may not be sustained in the future. Assuming Rs. 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 (invest-ment 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
Please refer to page no 12 and 13 for statutory details 11
Industry Allocation - Equity (%)20.20
Bank
s
Cons
umer
Non
Du
rabl
es
13.487.35
Cons
umer
Du
rabl
es
8.54
Pharmaceu
ticals
Fina
nce
6.356.71
Indu
stria
lPr
oduc
ts
2.53
Indu
stria
lCa
pita
l Goo
ds
2.713.75
Softw
are
5.77
Auto
Anc
illar
ies
1.97 1.42
Tran
sportatio
n
Chem
icals
Cem
ent
Gas
2.472.87
Pesticid
es
Auto
4.04
15.89
Bank
s
Cons
umer
Non
Du
rabl
es
11.097.99
Cons
umer
Du
rabl
es
10.27
Fina
nce
6.517.21
Indu
stria
l Pr
oduc
ts
2.36
Indu
stria
l Cap
ital
Good
s
2.533.28
Softw
are
4.885.85
Auto
Anc
illar
ies
2.08
Tran
sportatio
n
Chem
ical
s
Cem
ent
2.363.18
Gas
Pesticide
s
Com
mer
cial
Ser
vice
s
Petr
oleu
m P
rodu
cts
3.65
Key Scheme Information Investment ObjectiveThe 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 Fund Size7th December, 2015 ` 41.31 Crs (Monthly AAUM for Jan, 2016) ` 42.76 Crs (AUM as on 31 Jan, 2016)Asset Allocation Pattern Scheme FeaturesEquity and Equity Related Instruments of Midcap Exit Load : NIL Companies: 65% to 100% Debt and Money Minimum Amount: ` 1,000/- and in Market Instruments: 0% to 35% multiples of ` 1/- thereafter Fund Manager Benchmark : Nifty Midcap 100Mr. Amit Nigam - Total experience 13 years.
Asset Allocation
89.13%
10.87%
Equity
CBLO (including TBill held as collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
1) Please refer to page no. 10 for tax on dividend distribution 2) Please refer to page no. 14 for Product LabellingThese schemes have not completed 1 year, hence performance data is not provided.^ Last Business Day
Net Asset Value (NAV) as on January 29, 2016 (in `) ^Plan / Option Regular Plan Direct Plan
Peerless Long Term Advantage Fund - Percentage contribution of B15 cities to AUM is 28.83on January 31, 2016
LONG TERM ADVANTAGE FUND(an open ended equity linked savings scheme)
Key Scheme Information Investment ObjectiveThe 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 Rs. 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 Fund Size30th December, 2015 ` 11.21 Crs (Monthly AAUM for Jan, 2016) ` 11.85 Crs (AUM as on 31 Jan, 2016)Asset Allocation Pattern Scheme FeaturesEquity and Equity Related Instruments: 80% to 100% Exit Load : NIL Debt and Money Market Instruments: 0% to 20% Minimum Amount: ` 500/- and in multiples of ` 500/- thereafter Fund Manager Benchmark : S&P BSE 100Mr. Amit Nigam - Total experience 13 years.
Portfolio Holdings % of Net Assets Rating/ Industry
EQUITY SHARES 90.16 HDFC Bank Ltd 5.32 BANKSIndusInd Bank Ltd 4.70 BANKSOracle Financial Services Software Ltd 4.61 SOFTWAREBajaj Auto Ltd 4.42 AUTOITC Ltd 4.05 CONSUMER NON DURABLESMotherson Sumi Systems Ltd 4.04 AUTO ANCILLARIESeClerx Services Ltd 3.93 SOFTWARESupreme Industries Ltd 3.75 INDUSTRIAL PRODUCTSColgate Palmolive Ltd 3.69 CONSUMER NON DURABLESKotak Mahindra Bank Ltd 3.46 BANKSSundaram Finance Ltd 3.45 FINANCEBritannia Industries Ltd 3.41 CONSUMER NON DURABLESSun Pharmaceuticals Industries Ltd 3.32 PHARMACEUTICALSAsian Paints Ltd 3.30 CONSUMER NON DURABLESRepco Home Finance Ltd 3.26 FINANCEJyothy Laboratories Ltd 3.05 CONSUMER NON DURABLESLupin Ltd 3.03 PHARMACEUTICALSHavells India Ltd 3.01 CONSUMER DURABLESEicher Motors Ltd 2.93 AUTOPidilite Industries Ltd 2.87 CHEMICALSOthers 16.56 CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent 9.84
Total 100.00
Portfolio as on January 31, 2016
TER ..................................................... Jan 16# Regular (%) ................................................................................. 2.76# Direct (%) ................................................................................. 1.16
TER ...................................................... Jan 16# Regular (%) ................................................................................. 2.99# Direct (%) ................................................................................. 0.95
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chem
e29
th Ju
ly, 2
010
To g
ener
ate
regu
lar I
ncom
e th
roug
h a
portf
olio
of p
redo
min
antly
hi
gh q
ualit
y fix
ed i
ncom
e se
curiti
es a
nd w
ith t
he m
argi
nal
expo
sure
to e
quity
and
equ
ity re
late
d se
curiti
es. H
owev
er, t
here
is
no a
ssur
ance
or
guar
ante
e th
at t
he in
vest
men
t ob
jecti
ve o
f th
e sc
hem
e w
ill b
e ac
hiev
ed.
The
sche
me
does
not
ass
ure
or
guar
ante
e an
y re
turn
s
Crisi
l MIP
Ble
nded
Fu
nd In
dex
Mr.
Killo
l Pan
dya
& M
r. Am
it N
igam
Regu
lar/
Dire
ctGr
owth
/Mon
thly
Di
vide
nd/Q
uart
erly
Di
vide
nd
Yes
` 10
00/-
M
ultip
les o
f `
1/-
ther
eafte
r`
100/
-M
ultip
les o
f `
1/-
ther
eafte
rN
il
Peer
less
3 in
1
Fund
An O
pen
Ende
d De
bt S
chem
e05
th A
pril,
201
1To
gen
erat
e lo
ng te
rm c
apita
l app
reci
ation
thro
ugh
a po
rtfol
io o
f fix
ed in
com
e se
curiti
es, e
quity
and
equ
ity r
elat
ed s
ecur
ities
and
Go
ld E
xcha
nge
Trad
ed F
unds
, How
ever
, the
re is
no
assu
ranc
e or
gu
aran
tee
that
the
inve
stm
ent
obje
ctive
of
the
sche
me
will
be
achi
eved
. The
sche
me
does
not
ass
ure
or g
uara
ntee
any
retu
rns
Crisi
l MIP
Ble
nded
In
dex
+ Pr
ice
of
Gold
in th
e ra
tio
85:1
5
Mr.
Killo
l Pan
dya
& M
r. Am
it N
igam
Regu
lar/
Dire
ctGr
owth
/Mon
thly
Di
vide
nd/Q
uart
erly
Di
vide
nd
Yes
` 10
00/-
M
ultip
les o
f `
1/-
ther
eafte
r`
100/
-M
ultip
les o
f `
1/-
ther
eafte
rN
il
Peer
less
Equ
ity
Fund
An O
pen
Ende
d Eq
uity
Sch
eme
28th
Sep
tem
ber,
2011
To g
ener
ate
long
ter
m c
apita
l ap
prec
iatio
n by
inv
estin
g in
an
activ
ely
man
aged
por
tfolio
pre
dom
inan
tely
con
sistin
g of
equ
ity
and
equi
ty r
elat
ed s
cena
rio. H
owev
er t
here
is n
o as
sura
nce
or
guar
ante
e th
at t
he in
vest
men
t ob
jecti
ve o
f th
e sc
hem
e w
ill b
e ac
hiev
ed. T
he sc
hem
e do
es n
ot a
ssur
e or
gua
rant
ee a
ny re
turn
s
NIF
TY 5
0M
r. Am
it N
igam
Regu
lar/
Dire
ctGr
owth
/Nor
mal
Di
vide
nd/
Qua
rter
ly D
ivid
end
/ Ha
lf Ye
arly
Div
iden
d/
Year
ly D
ivid
end
Yes
` 10
00/-
M
ultip
les o
f `
1/-
ther
eafte
r`
1/-
Mul
tiple
s of
` 1/
- th
erea
fter
Nil
Peer
less
Lo
ng Te
rm
Adva
ntag
e Fu
d
An O
pen
Ende
d Eq
uity
Lin
ked
Savi
ngs S
chem
e
30th
Dec
embe
r, 20
15Th
e Sc
hem
e w
ill s
eek
to i
nves
t pr
edom
inan
tly i
n a
dive
rsifi
ed
portf
olio
of
eq
uity
an
d eq
uity
re
late
d in
stru
men
ts
with
th
e ob
jecti
ve
to
prov
ide
inve
stor
s w
ith
oppo
rtun
ities
fo
r ca
pita
l ap
prec
iatio
n an
d in
com
e ge
nera
tion
alon
g w
ith
the
bene
fit
of
inco
me
tax
dedu
ction
(u
nder
Se
ction
80
C
of
the
Inco
me
Tax
Act,
1961
) on
th
eir
inve
stm
ents
. Sp
ecifi
ed I
nves
tors
in
the
Sche
me
are
entit
led
to d
educ
tions
of
th
e am
ount
in
vest
ed
in
Uni
ts
of
the
Sche
me,
su
bjec
t to
a
max
imum
of
Rs
. 1,
50,0
00/-
un
der
and
in
term
s of
Se
ction
80
C
(2)
(xiii
) of
th
e In
com
e Ta
x Ac
t, 19
61.
Inve
stm
ent
in t
his
sche
me
wou
ld b
e su
bjec
t to
sta
tuto
ry lo
ck-in
pe
riod
of 3
yea
rs f
rom
the
dat
e of
allo
tmen
t to
be
elig
ible
for
in
com
e ta
x be
nefit
und
er se
ction
80
C. T
here
can
be n
o as
sura
nce
that
the
inve
stm
ent o
bjec
tive
unde
r the
Sch
eme
will
be
real
ized.
S&P
BSE
100
Mr.
Amit
Nig
amRe
gula
r/
Dire
ctGr
owth
/ Di
vide
ndN
o`
500/
-M
ultip
les o
f ` 5
00
ther
eafte
r`
500/
-M
ultip
les o
f ` 5
00/-
th
erea
fter
Nil
Peer
less
M
idca
p Fu
ndAn
Ope
n En
ded
Equi
ty S
chem
e07
th D
ecem
ber,
2015
The
inve
stm
ent o
bjec
tive
of th
e sc
hem
e is
to g
ener
ate
med
ium
to
long
-term
cap
ital a
ppre
ciati
on b
y in
vesti
ng p
redo
min
antly
in
equi
ty a
nd e
quity
rela
ted
secu
rities
of m
id ca
p co
mpa
nies
. How
-ev
er,
ther
e is
no a
ssur
ance
or
guar
ante
e th
at t
he in
vest
men
t ob
jecti
ve o
f the
Sch
eme
will
be
achi
eved
. The
Sch
eme
does
not
as
sure
or g
uara
ntee
any
retu
rns.
Nift
y M
idca
p 10
0M
r. Am
it N
igam
Regu
lar /
Dire
ctGr
owth
/ Di
vide
ndYe
s`
1000
/-M
ultip
les o
f ` 1
/-
ther
eafte
r`
100/
-M
ultip
les o
f ` 1
/-
ther
eafte
rN
il
FUN
DS A
T A
GLAN
CE F
OR
PEER
LESS
MU
TUAL
FU
ND
This
fact
shee
t is f
or in
form
aton
al p
urpo
se o
nly
and
unde
r no
circ
umst
ance
s is t
o be
use
d or
con
sider
ed a
s an
inve
stm
ent a
dvic
e.
12
Sche
me
Nam
eM
inim
um
Rede
mpti
onM
in
Rede
mpti
on
units
Rede
mpti
on
Payo
ut
Cycl
e
SIP
SIP
Freq
uenc
ySI
P M
in a
mt
SIP
Min
no.
of C
hqs
SIP
Star
ting
Date
SWP
SWP
Freq
uenc
ySW
P M
in. A
mt
SWP
Star
ting
Date
STP
STP
Freq
uenc
yST
P M
in A
mt
STP
Star
ting
Date
Peer
less
Liq
uid
Fund
`
1000
/- a
nd in
mul
tiple
s of `
1/-
th
erea
fter o
r acc
ount
ba
lanc
e w
hich
ever
is
low
er
NA
T+1
Yes
Fort
nigh
tly
Mon
thly,
Q
uart
erly
&
Half
Year
ly
Fort
nigh
tly- `
500
M
onth
ly- `
500
Q
uart
erly
- ` 1
000
Half
Year
ly- `
200
0
Fort
nigh
tly 2
4 in
stal
lmen
ts, M
onth
ly 1
2 -in
stal
lmen
ts,Q
uart
erly
4
inst
allm
ents
,Hal
f Yea
rly 2
in
stal
lmen
ts
Fort
nigh
tly, e
very
al
tern
ate
wed
nesd
ay
1st,7
th,1
0th,
15th
, 20t
h,
25th
of e
very
mon
th/
quar
ter a
nd h
alf y
early
Yes
Mon
thly
an
d Q
uart
erly
Mon
thly
- ` 5
00/-
Q
uart
erly
- ` 1
500/
- M
onth
ly: 5
th o
f the
m
onth
; Qua
rter
ly 5
th
of A
pril,
July,
Oct
ober
, Ja
nuar
y
Yes
Daily
, Wee
kly,
fort
nigh
tly a
nd
Mon
thly
Daily
- `
50/-
Fo
rtni
ghtly
W
eekl
y &
M
onth
ly
` 50
0
Daily
, Wee
kly
(eve
ry W
edne
sday
) For
tnig
htly
(e
very
alte
rnat
e W
edne
sday
) M
onth
ly (a
s on
spec
ified
dat
es)
Peer
less
Ultr
a Sh
ort T
erm
Fun
d`
1000
/- a
nd in
mul
tiple
s of `
1/-
ther
eafte
r or a
ccou
nt
bala
nce
whi
chev
er
is lo
wer
NA
T+1
Yes
Fort
nigh
tly
Mon
thly,
Q
uart
erly
&
Half
Year
ly
Fort
nigh
tly- `
500
M
onth
ly- `
500
Q
uart
erly
- ` 1
000
Half
Year
ly- `
200
0
Fort
nigh
tly 2
4 in
stal
lmen
ts, M
onth
ly 1
2 -in
stal
lmen
ts,Q
uart
erly
4
inst
allm
ents
,Hal
f Yea
rly 2
in
stal
lmen
ts
Fort
nigh
tly, e
very
al
tern
ate
wed
nesd
ay
1st,7
th,1
0th,
15th
, 20t
h,
25th
of e
very
mon
th/
quar
ter a
nd h
alf y
early
Yes
Mon
thly
and
Q
uart
erly
Mon
thly
- ` 5
00/-
Q
uart
erly
- ` 1
500/
- M
onth
ly: 5
th o
f the
m
onth
; Qua
rter
ly 5
th
of A
pril,
July,
Oct
ober
, Ja
nuar
y
Yes
Daily
, Wee
kly,
fort
nigh
tly a
nd
Mon
thly
Daily
- `
50/-
Fo
rtni
ghtly
W
eekl
y &
M
onth
ly
` 50
0
Daily
, Wee
kly
(eve
ry W
edne
sday
) For
tnig
htly
(e
very
alte
rnat
e W
edne
sday
) M
onth
ly (a
s on
spec
ified
dat
es)
Peer
less
Sho
rt
Term
Fun
d`
1000
/- a
nd in
mul
tiple
s of `
1/-
ther
eafte
r
100
units
or
acco
unt b
alan
ce
whi
chev
er is
lo
wer
T+1
Yes
Fort
nigh
tly
Mon
thly,
Q
uart
erly
&
Half
Year
ly
Fort
nigh
tly- `
500
M
onth
ly- `
500
Q
uart
erly
- ` 1
000
Half
Year
ly- `
200
0
Fort
nigh
tly 2
4 in
stal
lmen
ts, M
onth
ly 1
2 -in
stal
lmen
ts,Q
uart
erly
4
inst
allm
ents
,Hal
f Yea
rly 2
in
stal
lmen
ts
Fort
nigh
tly, e
very
al
tern
ate
wed
nesd
ay
1st,7
th,1
0th,
15th
, 20t
h,
25th
of e
very
mon
th/
quar
ter a
nd h
alf y
early
Yes
Mon
thly
an
d Q
uart
erly
Mon
thly
- ` 5
00/-
Q
uart
erly
- ` 1
500/
- M
onth
ly: 5
th o
f the
m
onth
; Qua
rter
ly 5
th
of A
pril,
July,
Oct
ober
, Ja
nuar
y
Yes
Daily
, Wee
kly,
fort
nigh
tly a
nd
Mon
thly
Daily
- `
50/-
Fo
rtni
ghtly
W
eekl
y &
M
onth
ly
` 50
0
Daily
, Wee
kly
(eve
ry W
edne
sday
) For
tnig
htly
(e
very
alte
rnat
e W
edne
sday
) M
onth
ly (a
s on
spec
ified
dat
es)
Peer
less
Fle
xibl
e In
com
e Fu
nd`
1000
/- a
nd in
mul
tiple
s of `
1/-
ther
eafte
r
100
units
or
acco
unt b
alan
ce
whi
chev
er is
lo
wer
T+1
Yes
Fort
nigh
tly
Mon
thly,
Q
uart
erly
&
Half
Year
ly
Fort
nigh
tly- `
500
M
onth
ly- `
500
Q
uart
erly
- ` 1
000
Half
Year
ly- `
200
0
Fort
nigh
tly 2
4 in
stal
lmen
ts, M
onth
ly 1
2 -in
stal
lmen
ts,Q
uart
erly
4
inst
allm
ents
,Hal
f Yea
rly 2
in
stal
lmen
ts
Fort
nigh
tly, e
very
al
tern
ate
wed
nesd
ay
1st,7
th,1
0th,
15th
, 20t
h,
25th
of e
very
mon
th/
quar
ter a
nd h
alf y
early
Yes
Mon
thly
and
Q
uart
erly
Mon
thly
- ` 5
00/-
Q
uart
erly
- ` 1
500/
- M
onth
ly: 5
th o
f the
m
onth
; Qua
rter
ly 5
th
of A
pril,
July,
Oct
ober
, Ja
nuar
y
Yes
Daily
, Wee
kly,
fort
nigh
tly a
nd
Mon
thly
Daily
- `
50/-
Fo
rtni
ghtly
W
eekl
y &
M
onth
ly
` 50
0
Daily
, Wee
kly
(eve
ry W
edne
sday
) For
tnig
htly
(e
very
alte
rnat
e W
edne
sday
) M
onth
ly (a
s on
spec
ified
dat
es)
Peer
less
Inco
me
Plus
Fun
d`
1000
/- a
nd in
mul
tiple
s of `
1/-
ther
eafte
r
100
units
or
acco
unt b
alan
ce
whi
chev
er is
lo
wer
T+2
Yes
Fort
nigh
tly
Mon
thly,
Q
uart
erly
&
Half
Year
ly
Fort
nigh
tly- `
500
M
onth
ly- `
500
Q
uart
erly
- ` 1
000
Half
Year
ly- `
200
0
Fort
nigh
tly 2
4 in
stal
lmen
ts, M
onth
ly 1
2 -in
stal
lmen
ts,Q
uart
erly
4
inst
allm
ents
,Hal
f Yea
rly 2
in
stal
lmen
ts
Fort
nigh
tly, e
very
al
tern
ate
wed
nesd
ay
1st,7
th,1
0th,
15th
, 20t
h,
25th
of e
very
mon
th/
quar
ter a
nd h
alf y
early
Yes
Mon
thly
an
d Q
uart
erly
Mon
thly
- ` 5
00/-
Q
uart
erly
- ` 1
500/
- M
onth
ly: 5
th o
f the
m
onth
; Qua
rter
ly 5
th
of A
pril,
July,
Oct
ober
, Ja
nuar
y
Yes
Daily
, Wee
kly,
fort
nigh
tly a
nd
Mon
thly
Daily
- `
50/-
Fo
rtni
ghtly
W
eekl
y &
M
onth
ly
` 50
0
Daily
, Wee
kly
(eve
ry W
edne
sday
) For
tnig
htly
(e
very
alte
rnat
e W
edne
sday
) M
onth
ly (a
s on
spec
ified
dat
es)
Peer
less
3 in
1
Fund
` 10
00/-
or a
ccou
nt
bala
nce,
whi
ch e
ver
is lo
wer
100
units
or
acco
unt b
alan
ce
whi
chev
er is
lo
wer
T+3
Yes
Fort
nigh
tly
Mon
thly,
Q
uart
erly
&
Half
Year
ly
Fort
nigh
tly- `
500
M
onth
ly- `
500
Q
uart
erly
- ` 1
000
Half
Year
ly- `
200
0
Fort
nigh
tly 2
4 in
stal
lmen
ts, M
onth
ly 1
2 -in
stal
lmen
ts,Q
uart
erly
4
inst
allm
ents
,Hal
f Yea
rly 2
in
stal
lmen
ts
Fort
nigh
tly, e
very
al
tern
ate
wed
nesd
ay
1st,7
th,1
0th,
15th
, 20t
h,
25th
of e
very
mon
th/
quar
ter a
nd h
alf y
early
Yes
Mon
thly
and
Qua
rter
ly
Mon
thly
- ` 5
00/-
Q
uart
erly
- ` 1
500/
- M
onth
ly: 5
th o
f the
m
onth
; Qua
rter
ly 5
th
of A
pril,
July,
Oct
ober
, Ja
nuar
y
Yes
Daily
, Wee
kly,
fort
nigh
tly a
nd
Mon
thly
Daily
- `
50/-
Fo
rtni
ghtly
W
eekl
y &
M
onth
ly
` 50
0
Daily
, Wee
kly
(eve
ry W
edne
sday
) For
tnig
htly
(e
very
alte
rnat
e W
edne
sday
) M
onth
ly (a
s on
spec
ified
dat
es)
Peer
less
Equ
ity
Fund
` 10
00/-
or a
ccou
nt
bala
nce,
whi
ch e
ver
is lo
wer
100
units
or
acco
unt b
alan
ce
whi
chev
er is
lo
wer
T+3
Yes
Fort
nigh
tly
Mon
thly,
Q
uart
erly
&
Half
Year
ly
Fort
nigh
tly- `
500
M
onth
ly- `
500
Q
uart
erly
- ` 1
000
Half
Year
ly- `
200
0
Fort
nigh
tly 2
4 in
stal
lmen
ts, M
onth
ly 1
2 -in
stal
lmen
ts,Q
uart
erly
4
inst
allm
ents
,Hal
f Yea
rly 2
in
stal
lmen
ts
Fort
nigh
tly, e
very
al
tern
ate
wed
nesd
ay
1st,7
th,1
0th,
15th
, 20t
h,
25th
of e
very
mon
th/
quar
ter a
nd h
alf y
early
Yes
Mon
thly
an
d Q
uart
erly
Mon
thly
- ` 5
00/-
Q
uart
erly
- ` 1
500/
- M
onth
ly: 5
th o
f the
m
onth
; Qua
rter
ly 5
th
of A
pril,
July,
Oct
ober
, Ja
nuar
y
Yes
Daily
, Wee
kly,
fort
nigh
tly a
nd
Mon
thly
Daily
- `
50/-
Fo
rtni
ghtly
W
eekl
y &
M
onth
ly
` 50
0
Daily
, Wee
kly
(eve
ry W
edne
sday
) For
tnig
htly
(e
very
alte
rnat
e W
edne
sday
) M
onth
ly (a
s on
spec
ified
dat
es)
Peer
less
Lon
g Te
rm A
dvan
tage
Fu
nd
` 10
00/-
or a
ccou
nt
bala
nce,
whi
ch e
ver
is lo
wer
100
units
or
acco
unt b
alan
ce
whi
chev
er is
lo
wer
T+3
Yes
Fort
nigh
tly
Mon
thly,
Q
uart
erly
&
Half
Year
ly
Fort
nigh
tly- `
500
M
onth
ly- `
500
Q
uart
erly
- ` 1
000
Half
Year
ly- `
200
0
Fort
nigh
tly 2
4 in
stal
l-m
ents
, M
onth
ly 1
2 in
stal
lmen
ts,
Qua
rter
ly 4
inst
allm
ents
, Ha
lf Ye
arly
2 in
stal
lmen
ts
Fort
nigh
tly, e
very
alte
r-na
te W
edne
sday
1s
t,7th
,10t
h,15
th, 2
0th,
25
th o
f eve
ry m
onth
/ qu
arte
r and
hal
f yea
rly
*Yes
Mon
thly
&
Qua
rter
lyM
onth
ly- `
500
/-
Qua
rter
ly-
` 15
00/-
M
onth
ly: 5
th o
f the
m
onth
; Qua
rter
ly 5
th
of A
pril,
July,
Oct
ober
, Ja
nuar
y
*Yes
Daily
, Wee
kly,
fort
nigh
tly
and
Mon
thly
Daily
-` 5
0/-
each
Fo
rtni
ghtly
W
eekl
y &
M
onth
ly
` 5
00 e
ach
Daily
, Wee
kly
(eve
ry W
edne
sday
) For
tnig
htly
(e
very
alte
rnat
e W
edne
sday
) M
onth
ly (a
s on
spec
ified
dat
es)
Peer
less
Mid
cap
Fund
` 1
000/
- or a
ccou
nt
bala
nce,
whi
ch e
ver
is lo
wer
100
units
or
acco
unt b
alan
ce
whi
chev
er is
lo
wer
T+3
Yes
Fort
nigh
tly
Mon
thly,
Q
uart
erly
&
Half
Year
ly
Fort
nigh
tly-
` 50
0 M
onth
ly- `
500
Q
uart
erly
- ` 1
000
Half
Year
ly- `
200
0
Fort
nigh
tly 2
4 in
stal
l-m
ents
, M
onth
ly 1
2 in
stal
lmen
ts,
Qua
rter
ly 4
inst
allm
ents
, Ha
lf Ye
arly
2 in
stal
lmen
ts
Fort
nigh
tly, e
very
alte
r-na
te W
edne
sday
1s
t,7th
,10t
h,15
th, 2
0th,
25
th o
f eve
ry m
onth
/ qu
arte
r and
hal
f yea
rly
Yes
Mon
thly
&
Qua
rter
lyM
onth
ly- `
500
/-
Qua
rter
ly- `
150
0/-
Mon
thly
: 5th
of t
he
mon
th; Q
uart
erly
5th
of
Apr
il, Ju
ly, O
ctob
er,
Janu
ary
Yes
Daily
, Wee
kly,
fort
nigh
tly
and
Mon
thly
Daily
-` 5
0/-
each
Fo
rtni
ghtly
W
eekl
y &
M
onth
ly
` 5
00 e
ach
Daily
, Wee
kly
(eve
ry W
edne
sday
) For
tnig
htly
(e
very
alte
rnat
e W
edne
sday
) M
onth
ly (a
s on
spec
ified
dat
es)
FUN
DS A
T A
GLAN
CE F
OR
PEER
LESS
MU
TUAL
FU
ND
This
fact
shee
t is f
or in
form
aton
al p
urpo
se o
nly
and
unde
r no
circ
umst
ance
s is t
o be
use
d or
con
sider
ed a
s an
inve
stm
ent a
dvic
e.
Not
e: T
he T
rust
ee w
ill e
ndea
vor t
o de
clar
e th
e Di
vide
nd a
s per
the
spec
ified
freq
uenc
ies,
subj
ect t
o av
aila
bilit
y of
dist
ribut
able
surp
lus c
alcu
late
d in
acc
orda
nce
with
the
Regu
latio
ns. T
he a
ctua
l dec
lara
tions
of D
ivid
end
and
freq
uenc
y w
ill in
ter-a
lia d
epen
d on
ava
ilabi
lity
of d
istrib
utab
le su
rplu
s cal
cula
ted
in a
ccor
danc
e w
ith S
EBI (
MF)
Regu
latio
ns a
nd th
e de
cisio
ns o
f the
Tru
stee
shal
l be
final
in th
is re
gard
. The
re is
no
assu
ranc
e or
gua
rant
ee to
the
Uni
t hol
ders
as t
o th
e ra
te o
f Div
iden
d no
r tha
t the
Div
iden
d w
ill b
e pa
id re
gula
rly. D
ivid
end
paya
ble
unde
r Div
iden
d Pa
yout
opti
on (W
eekl
y O
ption
) is e
qual
to o
r les
s tha
n `
500
then
the
Divi
dend
wou
ld b
e co
mpu
lsoril
y re
inve
sted
in th
e op
tion
of th
e Sc
hem
e. In
cas
e an
inve
stor
fails
to sp
ecify
his
pref
eren
ce o
f Pla
ns/S
ub P
lans
/Opti
ons i
n th
e be
low
men
tione
d sc
hem
es, t
he d
efau
lt Pl
an/S
ub P
lan/
Opti
ons w
ould
be
as a
bove
. * S
WP/
STP
avai
labl
e on
ly a
fter c
ompl
etion
of s
tatu
tory
lock
-in p
erio
d of
3 y
ears
from
the
date
of i
nves
tmen
t by
the
inve
stor
.
Any
info
rmati
on h
erei
n co
ntai
ned
does
not
cons
titut
e an
d sh
all b
e de
emed
not
to co
nstit
ute
an a
dvic
e, a
n off
er to
sell/
pur
chas
e or
as a
n in
vita
tion
or so
licita
tion
to d
o so
for a
ny se
curiti
es o
f any
enti
ty, a
nd fu
rthe
r, Pe
erle
ss F
unds
Man
agem
ent C
o. Lt
d. (P
FMCL
). Its
subs
idia
ries /
affi
liate
s/ sp
onso
rs /
trus
tee
(Pee
rless
Fun
ds M
anag
emen
t Co
Ltd.
Gro
up) o
r the
ir offi
cers
, em
ploy
ees,
per
sonn
el, d
irect
ors m
ay b
e as
soci
ated
in a
com
mer
cial
, pro
fess
iona
l or p
erso
nal c
apac
ity o
r may
hav
e a
com
mer
cial
inte
rest
incl
udin
g as
pro
prie
tary
trad
ers i
n or
with
secu
rities
and
/ or
com
pani
es o
r iss
ues o
r matt
ers a
s con
tain
ed in
this
publ
icati
on a
nd su
ch co
mm
erci
al ca
paci
ty o
r int
eres
t whe
ther
or n
ot d
iffer
ing
with
or c
onfli
cting
with
this
publ
icati
on,
shal
l not
mak
e or
rend
er (P
FMCL
Gro
up) l
iabl
e in
any
man
ner w
hats
oeve
r & (P
FMCL
Gro
up) o
r any
of t
heir
office
rs, e
mpl
oyee
s, p
erso
nnel
, dire
ctor
s sha
ll no
t be
liabl
e fo
r any
loss
, dam
age,
liab
ility
wha
tsoe
ver f
or a
ny d
irect
or i
ndire
ct lo
ss a
risin
g fr
om th
e us
e or
acc
ess o
f any
info
rmati
on th
at m
ay b
e di
spla
yed
in th
is pu
blic
ation
form
tim
e to
tim
e. R
ecip
ient
s of t
he
info
rmati
on c
onta
ined
her
ein
shou
ld e
xerc
ise d
ue c
are
and
cauti
on a
nd re
ad th
e Sc
hem
e in
form
ation
Doc
umen
t(s)
and
Sta
tem
ent o
f Add
ition
al in
form
ation
(inc
ludi
ng if
nec
essa
ry, o
btai
ning
the
advi
ce o
f tax
/ leg
al/a
ccou
nting
/ fina
ncia
l/ ot
her p
rofe
ssio
nals)
prio
r to
taki
ng o
f any
dec
ision
, acti
ng o
r om
itting
to a
ct, o
n th
e ba
sis o
f the
info
rmati
on c
onta
ined
her
ein.
The
pr
intin
g an
d m
ailin
g co
st th
is ne
wsle
tter i
s cha
rged
to th
e re
spec
tive
sche
mes
subj
ect t
o Se
curiti
es &
Exc
hang
e Bo
ard
of In
dia
(Mut
ual F
unds
) Reg
ulati
ons,
199
6.
CARE
Rati
ng M
etho
dolo
gy: P
eerle
ss L
iqui
d Fu
nd, P
eerle
ss U
ltra
Shor
t Ter
m F
und
& P
eerle
ss F
lexi
ble
Inco
me
Fund
hav
e be
en a
ssig
ned
“Cre
dit R
isk R
ating
AAA
mfs
” by
CAR
E Ra
ting
(Cre
dit A
naly
sis a
nd R
esea
rch
Lim
ited)
CAR
E’s f
und
cred
it qu
ality
ratin
gs a
re o
pini
ons o
n th
e ov
eral
l cre
dit q
ualit
y of
spec
ific
debt
mut
ual f
und.
The
ratin
g ca
ptur
es fu
nd’s
over
all e
xpos
ure
to
defa
ult r
isk. C
ARE
uses
the
conc
ept o
f cre
dit s
core
s, a
ssig
ned
to in
divi
dual
secu
rities
, as p
er c
redi
t sco
ring
mat
rix d
evel
oped
by
CARE
. The
scor
e is
esse
ntial
ly a
func
tion
of th
e cr
edit
qual
ity a
nd ra
ting
of se
curit
y an
d its
inte
rnal
resid
ual m
atur
ity. T
he ra
ting
incl
udes
ass
essm
ent o
f var
ious
qua
litati
ve fa
ctor
s inc
ludi
ng m
anag
emen
t qua
lity
and
man
agem
ent i
nfor
mati
on
syst
ems a
nd ri
sk m
anag
emen
t sys
tem
s in
vario
us o
pera
tiona
l are
as. C
ARE
revi
ews t
he re
late
d m
utua
l fun
d on
an
ongo
ing
basis
to su
ppor
t its
pub
lishe
d ra
ting
opin
ions
. A d
etai
led
met
hodo
logy
can
be
sour
ced
from
ww
w.c
arer
ating
s.co
m o
r Cre
dit A
naly
sis &
Res
earc
h Lt
d.
Stat
utor
y de
tails
: Pee
rless
Mut
ual F
und
has b
een
esta
blish
ed a
s a T
rust
und
er th
e In
dian
Tru
sts A
ct, 1
882,
spon
sore
d by
The
Pee
rless
Gen
eral
Fin
ance
& In
vest
men
t Com
pany
Lim
ited
(liab
ility
rest
ricte
d to
Rs 1
Lak
h).
Trus
tee:
Pee
rless
Tru
st M
anag
emen
t Co.
Lim
ited
Inve
stm
ent M
anag
er: P
eerle
ss F
unds
Man
agem
ent C
o. L
imite
d (t
he A
MC)
MU
TUAL
FU
ND
INVE
STM
ENTS
ARE
SU
BJEC
T TO
MAR
KET
RISK
S, R
EAD
ALL
SCHE
ME
RELA
TED
DOCU
MEN
TS C
AREF
ULL
Y.
13
Please refer to page no 12 and 13 for statutory details 14
Branches/Customer Service Centres : EAST-AGARTALA: 42, Akhaura Road, Agartala Tripura (West) 799 001, BALASORE: Vivekananda Marg Dist Balasore, Orissa 756 001, BANKURA: College Road, Raghunathpur Main Road, Opp. Bankura Christian College, PO & Dist: Bankura 722 101, BHUBANESWAR: Routh Complex, Plot no 349, Saraswati Tower, 1st floor Cuttack Road, Laxmi Sagar, Bhubaneswar 751 006, *CONTAI: Vill: Dhandighi, Holding No.: 359 / 351, P.O. & P.S.: Contai,Dist: Purba Midnapore, West Bengal 721 401, DURGAPUR: Plot No. C / 10, Premendra Mitra Bithi, City Centre, Durgapur, Dist-Burdwan Pin-713216, *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. KANPUR: P.K. Bhawan, 128, The Mall, Opp Heer Palace Cinema Kanpur - 208 004, 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, CALICUT: No. 18/1084F, Meyon Building, 1st Floor, Jail Road, Calicut - 673 004, *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, THRISSUR: Suharsha Towers, 3rd Floor, Shornur Road, Round North Thrissur - 680 001, VIZAG: Dasapalla Centre, 2nd Floor, 38-2-40, Surya Bagh, Vizag - 530 020. * Note : These locations are Official Points of Acceptance.
