Peerless Funds Management Company Limited (PFMCL) is a subsidiary of The Peerless General insurance and Investment Company Limited (PGFI). This was the first investment management company established in the eastern region and is headquartered at Kolkata. Peerless Mutual Fund Management Company Limited is a public limited company.
Peerless Mutual Funds was established as a trust on 4th Aug, 2009 with the provisions of the Indian Trusts Act, 1882 with Peerless General Finance and Investment Company Limited (PGFI), as the sponsor, and Peerless Trust Management Company Limited as the trustee. Peerless Mutual fund is a SEBI Registered Mutual Fund Company and was registered on the 4th of December, 2009.
Benefits of Investing in Mutual Funds
- Mutual Funds are SEBI regulated investment options and which save investors from any fraud activities.
- If the securities are held by the investor for more than 1 year, the dividends earned are tax free.
- Generally Mutual Funds feature a 3 day liquidation policy and some of the mutual funds with special class of liquidity also allow you to liquidate overnight.
- Easy Investing and redemption is allowed in case of Peerless Mutual Funds.
- The portfolio maintained is made by analyzing the risk and the return. Investor should get optimum returns without compromising on the risk aspect.
- Peerless Mutual Funds also gives investors the advantage of the Systematic Investment Planning option with the help of which an investor can invest some part of his monthly income in mutual funds and over time he will earn high returns on his savings.
- Complete Transparency is maintained in Peerless Mutual Funds as timely reports are published for the users. That way, the investor will know where the money is being invested by the company and the estimated returns that may be obtained on the investments made.
Types of Fund
In these types of schemes, money is invested in various stocks i.e. company equities. They are also called as Stock Funds or Stock Schemes. These types of mutual fund scheme often feature a high level of risk but can give highest the Return on Investments i.e. capital appreciation because of mainly investing the shareholders’ money in the equities and equity-related schemes. These types of schemes are preferred by the investors who invest for longer time periods. These types of schemes can potentially give returns that are much higher than run-of-the-mill debt or hybrid funds.
Fixed Income Funds:
These funds invest money in fixed income securities like corporate debentures, government bonds, government securities and other money market securities having low risk with fixed income which serve as a smart option to invest and diversify our portfolio. These types of securities help investors when the market is over volatile and investing in the equities is confusing.
Money Market Funds:
Sometimes a person left with surplus money for a small period of time and the investor either leaves it in his bank account or puts it in a Fixed Deposit which usually does not give much advantage. Investing in money market funds will give better returns with the advantage of instant liquidity of funds in case you decide to get your investment converted to cash.
Key Mutual Fund Schemes offered by Peerless Mutual Funds:
|Fund Name||Fund Highlights|
|Peerless Liquid Fund – Retail Plan – Growth||Open-Ended Liquid Scheme, Income over Short Term, Invests in Debt & Money Market Securities|
|Peerless Ultra Short Term Fund – Retail Plan – Growth||Open-Ended Debt Scheme, Income over Short Term, Invests in Money Market and Short Term Debts|
|Peerless Income Plus Fund –Growth||Open-Ended Debt Scheme, Income over Short to Long Term, Invests in High quality Fixed Income Securities, Marginal Exposure to Equity & Related Instruments|
|Peerless Short Term Fund – Growth||Open-Ended Debt Scheme, Income over Short to Medium Term, Invests in Debt & Money Market Instruments|
|Peerless 3 in 1 Fund-Growth||Open-Ended Hybrid Scheme, Long Term Capital Appreciation, Invests in Fixed Income Securities, Equity & Related instruments, Gold Exchange Traded Funds and Gold Related Instruments|
|Peerless Equity Fund – Growth||Open-Ended Equity Scheme, Long Term Capital Appreciation, Invests in Equity & Related Securities in Diversified Sectored Portfolio|
|Peerless Midcap Fund – Growth||Open-Ended Equity Scheme, Short to Long Term Capital Appreciation, Invests in Equity & Related Securities of Midcap Companies, Traded on Niche and Focused Business types|
|Peerless Long Term Advantage Fund – Growth||Open-End ELSS Scheme, Long Term Capital Appreciation, Invests in Equity & Related Securities, Tax Benefit Under Section 80C, High Liquidity|
|Peerless Flexible Income Fund – Growth||Open-End Debt Scheme, Medium to Long-Term Income, Invests in Debt Instruments like debentures, bonds, g-secs, and other money market instruments|
Mr. Killol P. Pandya:
Mr. Killol P. Pandya has a Masters Degree in Financial Management from K.J. Somaiya Institute of Management Studies and Research. He also has a Diploma in Capital Markets from The Institute of Chartered Financial Analysts of India (ICFAI). Currently he is working as Head of Fixed Income with Peerless Mutual Funds. He has over 17 years of experience in the finance field. Before joining Peerless Mutual Funds, he was associated with LIC Nomura Mutual Funds as the Senior Fund Manager of Debt and was handling the liquid and the fixed income funds. He was also in the team of managing and creating the concept for the first G-Sec Exchange Traded Fund in India. Before LIC Nomura Mutual Fund he also worked with Daiwa and SBI Mutual Funds.
Funds Managed by Mr. Killol P Pandya:
- Peerless Income Plus Fund (Debt Portion)
- Peerless Ultra Short Term Fund
- Peerless Short Term Fund
- Peerless 3 in 1 Fund (Debt Portion)
- Peerless Flexible Income Fund
Mr. Amit Nigam:
Mr. Amit Nigam has a B.E. from IIT Roorkee with specialization in Mechanical Engineering and also a PGDM from IIM Indore. Currently he is appointed as Head of Equities in Peerless Mutual Funds. He has total experience of 17 years in the finance domain. He has already proven himself in the research and portfolio management of cash equities. Before working with Peerless Mutual Funds, he was working with BNP Paribas Investment Partners, Mumbai as Senior Equity Portfolio Manager. Before that he was working as a Senior Equity Portfolio Manager at BNP Paribas Mutual Fund where he is managing Equity Schemes in the domestic market. He worked as an Equity Research Analyst with SBI Mutual Funds where he was tracking and managing multiple sectors and also worked with Reliance Industries Limited as a Mechanical Engineer.
Funds Managed by Mr. Amit Nigam:
- Peerless Income Plus Fund (Equity Portion)
- Peerless 3 in 1 Fund (Equity, Gold ETFs and Gold Related Insruments)
- Peerless Equity Fund
- Peerless Long Term Advantage Fund
- Peerless Midcap Fund
Mr. Vikram Jaidev Pamnani:
Mr. Pamnani completed his Post Graduation Diploma in Management with Finance Specialization from SIES College of Management Studies. He has a total of 7 years of industry experience. Currently he is the fund manager of Fixed Income in Peerless Mutual Funds. Prior to this, he was working with Canara Robeco Mutual Funds as Fixed Income Trader. He has also worked as Documentary Credit Analyst with Deutsche Bank.
Funds Managed by Mr. Vikram Jaidev Pamnani:
- Peerless Liquid Fund
- Peerless Ultra Short Term Fund
How to Complete Your Mutual Fund eKYC
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Companies)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your Mutual Fund eKYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of a fund house or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
How to Invest in Mutual Funds via Paisabazaar.com?
Step 1: Go to Paisabazaar.com
Step 2: Select the ‘Mutual Fund’ option.
Step 3: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 4: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 5: Select the Peerless Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 6: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 7: You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days.
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.