Peerless Short Term Fund - Scheme Update - Effective July 23rd, 2012

Peerless Mutual Fund introduces an Exit Load revision of 1% for 9 months effective from July 23rd, 2012 in the Peerless Short Term Fund.

Mumbai, Maharashtra, July 18, 2012 /India PRwire/ -- Peerless Mutual Fund introduces an Exit Load revision of 1% for 9 months effective from July 23rd, 2012 in the Peerless Short Term Fund.

On the announcement of the dividend, Mr. Akshay Gupta, Managing Director & CEO of Peerless Funds Management Company Ltd., said, "We at Peerless Mutual Fund believe in listening and take every feedback seriously. The change in Exit Load of Short Term Fund encourages long term investment".

About Peerless Short Term Fund: Inception Date: August 18, 2010

The objective of the fund is to generate income and capital appreciation by investing in both debt and money market securities. 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.

Notes to Editor

About Peerless Mutual Fund:

Peerless Mutual Fund is the first mutual fund in the eastern region, headquartered in Kolkata. It is constituted as a trust with The Peerless General Finance and Investment Company Limited (PGFI) as the Sponsor and Peerless Trust Management Company Ltd.as the Trustee to the Mutual Fund. Peerless Funds Management Company Ltd., is the Investment Manager of the Fund and is one of the fastest growing AMCs in India aims to create solutions for the 'retail' customer and for the entire investing universe.The company has created its own presence in 37 locations to start with focus on Tier II and Tier III locations.

For details refer www.peerlessmf.co.in

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