mother’s day - may 8 fixed deposits 0.33 hdfc bank ltd 0.33 cblo (including tbill held as...

1

FACTSHEET April, 2016

Mother's Day is a celebration honoring the mother, motherhood and the influence of mothers in society. On this day, mothers, grandmothers, and great-grandmothers are honoured and thanked for their contribution to family and society. The celebration of Mother's Day began in the United States in the early 20th century. In India, Mother's Day is observed on the second Sunday in May. The Peerless Family wishes all mothers, past, present & future, a very Happy Mother’s Day.

Mother’s Day - May 8

The heart of a mother is a deep abyss at the bottom of which you will always find forgiveness

- Honore de Balzac

2

Fixed Income Market Commentary for the month of April 2016

Liquidity: The month of April is usually associated with market liquidity improving significantly as flows return to the market. Though this month was not an exception, the flows were not as strong as was expected by some market participants. Market liquidi ty remained negative per se for most of the month and overnight rates remained volatile with CBLO rates ranging from about 5.56% to about 6.84% . Though overnight rates saw some relaxation over the previous month, they remained on the higher side on account of relatively subdued inflows. Going forward, we may see the market liquidity situation ease due to FPI inflow and/ or government spend. However, systemic liquidity may remain tight unless RBI continues to take meaningful steps to introduce permanent liquidity in the markets and mitigate the situation. Inflation: CPI remained soft and printed at 4.83% (Vs 5.18% last month). This was lower than market expectations. WPI inflation remained in the negative territory and showed a slight hardening at -0.85% (Vs -0.91% last month). The IIP print came in relatively stronger at + 2.0 % (Vs -1.5% last month). All the data points were seen by the markets to be assisting a benign interest scenario & resulted in mildly positive moves in the debt markets. INR: The INR has seen relative appreciation supported by FPI inflows in equity and debt markets and globally weakening USD in the recent past but was relatively range bound against USD during the month. It began the month at about 66.29 (Vs USD) and ended the month at about 66.33. Going ahead, the currency may exhibit volatility. Investments by FPIs in domestic equity and debt may continue to lead to a relative appreciation of our currency in the near future. Interest rates & Outlook: CPI and WPI data print were at or lower than market expectations. IIP numbers have been patchy and need to be watched in order to estimate economic revival in the coming quarters. However, a persistently strong reading in IIP numbers may hint at a recovery in the economy in coming quarters. Money market instruments saw some softening in rates due to seasonal liquidity easing though some of these gains were reversed as market liquidity remained short of expectations. We saw Gilt securities remain range bound and the new benchmark 10 year paper (7.59% GS 2026) started the month at about 7.46% and ended the month at about 7.43%. Corporate bonds also saw some hardening in yields on the back of relatively poor volumes. Market participants are likely to watch domestic and international data prints including global commodities and other macro-economic points such as the fiscal deficit and other allied issues. Overall, 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 expect the benchmark 10 year to trade in the range of 7.35% to 7.50% at current reference rate levels. The band may shift towards 7.25% - 7.45% habitat upon rate action by RBI. We reiterate our view on domestic rates to be positive with a medium term perspective.

Killol Pandya

Head - Fixed Income

Data Source: Bloomberg, RBI, mospi.nic.in

3

Equity Market Commentary for the month of April 2016

Domestic Markets After the big positive run in March, April was stable; with Sensex being up by 1.04% and NIFTY-50 Index being up by 1.44%. In April, returns across all BSE sector indices were positive except IT. Realty with 10.45% returns stood at the top of the table while IT sector lost the most, down by 0.51%. For the month, Rupee depreciated by 0.12% and closed at 66.33 against US dollar. Domestic Macro Data In its policy review in April, the RBI reduced the repo rate by 25 bps to 6.5%, keeping CRR unchanged. On inflation outlook, the RBI retained its CPI projection of 5% by Jan 2017 with monsoons and international commodity prices being key variables to watch. Growth forecast for FY17 has also been retained at ~7.6%. In the month of February, IIP grew by 2% YoY, compared to 1.5% contraction in January, a positive reading after three consecutive months of contraction. The improvement is mainly led by electricity and mining from 2% and 3.5% in January to 3% and 7.4%, Respectively, in February. On the manufacturing front, it improved by 0.7% compared to a contraction of 2.8% in January. Within manufacturing, capital goods contracted by 9.8% compared to contraction of 20.9% in January. Mining (5% growth compared to 1.5% in January) and electricity continued to do well. Consumer goods growth slowed down led primarily by durables. IIP non-durables contracted for fourth consecutive month, perhaps reflecting poor rural sentiments. India WPI inflation in March came in at -0.9%, flat compared to last month, marking 17th straight month of negative print. CPI for March came in at 4.8% versus 5.3% in February. The food inflation at 5.3% inched lower compared to last month (February – 5.5%) owing to lower milk and pulses prices. Core CPI of 4.8%, moved 20 bps down compared to last month. India’s trade deficit for March came in at USD 5.1 billion, USD 1.4 billion lower than last month. Lower trade deficit was primarily due to lower gold imports (due to jewelers' strike) of USD 1 billion compared to USD 1.4 billion in February. Exports at USD 22.7 billion (February – USD 20.7 billion) were down by 8% YoY – this is the 16th consecutive month of contraction. Imports at USD 27.8 billion were higher by ~USD 0.5 billion compared to last month. Global Markets US GDP increased at 0.5% annual rate, the weakest since the first quarter of 2014. The US Federal Reserve (Fed) maintained status quo in its policy meeting keeping the Fed funds target range unchanged at 0.25%-0.50%. ECB (European Central Bank) also held its key interest rates unchanged at its policy meeting. Japan’s manufacturing activity contracted in March at the fastest pace in more than three years as new export orders shrank sharply. Despite this, the Bank of Japan in its monetary policy meeting decided not to expand its monetary stimulus package. S&P cut its outlook for China’s credit rating to negative from stable, but maintained the rating at AA-. .

Outlook Monsoon plays a very crucial role in Indian Economy (as more than half of the population still depends on agricultural related incomes) and in the light of two back to back monsoon failures in as many years, its importance only gets accentuated. Moreover, due to the scant rainfall over the previous 2 years, the water storage level in 91 important reservoirs of the country has declined ~35% YoY. This month we saw the India Meteorological Department (IMD) and Skymet (a private agency) come out with ‘above normal’ rainfall forecast for the upcoming South West Monsoon season. It is important because these monsoons account for ~75% of India’s total annual rainfall and also for providing the much needed irrigation during the sowing season in large part of the country. A key reason for the failure of monsoon has been the El Niño phenomenon which has shown a declining phase till now. Expectations of a La Niña type of situation in the latter part of the monsoon, makes these institutions believe that monsoon should be better this year than the previous two years. In another interesting activity taken up by the ministry of power last year has been the electrification of more than 18,000 villages which till now were not getting power. In the previous 13 months almost 44% of these villages have been electrified. This, to us, is a substantially positive change in the lives of the people living in these villages as they get exposed to a lot of consumption activities which till now were not possible. We believe we are seeing some green shoots towards recovery of growth but it is still too early. The good thing is as the markets have given up a lot of gains over the previous 12 months the valuations are no longer as expensive and for long term investors these are good times to construct equity portfolios.

Amit Nigam

Head - Equities

Data Source - Reuters, Bloomberg, RBI, Internal

4

LIQUID FUND (an open ended liquid scheme)

CARE AAAmfs CARE(Credit Analysis and Research Limited Rating

(Source: www.careratings.com) (as on April 30, 2016)

Past Performance is no guarantee of future results.

For details please refer Page 13.

Portfolio as on April 30, 2016

Portfolio Holdings % of Net Assets Rating

CERTIFICATE OF DEPOSITS 29.78

ICICI Bank Ltd 8.30 CRISIL A1+

Union Bank of India 8.27 CRISIL A1+

Canara Bank 8.24 CRISIL A1+

Punjab and Sind Bank 1.66 ICRA A1+

Syndicate Bank 1.66 ICRA A1+

State Bank of Bikaner & Jaipur 1.65 CRISIL A1+

COMMERCIAL PAPER 64.35

Rural Electrification Corporation Ltd 8.28 CARE A1+

Power Finance Corporation Ltd 8.26 CRISIL A1+

TATA Capital Financial Services Ltd 8.25 ICRA A1+

TATA Capital Housing Finance Ltd 8.25 CRISIL A1+

Religare Comtrade Ltd 8.24 ICRA A1+

Religare Securities Ltd 8.24 ICRA A1+

Adani Enterprises 8.21 BWR A1+

NRB Bearings Ltd 6.62 CRISIL A1+

FIXED DEPOSITS 0.33

HDFC Bank Ltd 0.33

CBLO (including TBILL held as Collat-eral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent

5.54

Total 100.00

Scheme Performance as on March 31, 2016

Period

Peerless Liquid Fund - Regular

Plan- Growth Option

CRISIL Liquid Fund

Index

1 Year Govt. T-Bill

March 31, 2015 to March 31, 2016

8.25% 8.06% 7.69%

March 28, 2014 to March 31, 2015

9.02% 8.98% 8.74%

March 28, 2013 to March 28, 2014

9.67% 9.46% 5.77%

Since Inception CAGR % 8.65% 8.15% 6.75%

Current Value of investment if Rs 10000/- was invested on Inception date (in `)

16610.36 16148.31 14907.24

Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Growth Option.

As on April 30, 2016 Average Maturity (Yrs)…………………………………………………………………..0.07 Modified Duration (Yrs)………………………………………………………………….0.07 Portfolio Yield (%)………………………………………………………………………...7.98 # TER - Reg (%)……………………………………………………………………………0.22 # TER - Direct (%)…………………………………………………………………………0.12

Key Scheme Information

Investment Objective To provide high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market & debt securities. However, there can be no as-surance that the investment objective will be achieved. The scheme does not assure or guarantee any returns.

Allotment Date 19th February 2010

Fund Size

` 373.20 Crs (Monthly AAUM for April,2016) ` 301.00 Crs (AUM as on 30th April, 2016)

Asset Allocation Pattern Money Market Instruments: 60% to100% Debt Instruments: 0% to 40%

Scheme Features Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of .`1/- thereafter Benchmark : CRISIL Liquid Fund Index

Fund Manager

Mr. Vikram Pamnani: Total experience 7 years.

Asset Allocation

Dividend History (Monthly)

Scheme / Plan Record

Date Net Dividend ( ` per unit) Cum

Dividend

Nav (in `)

Individual/

HUF Corporate

PEERLESS LIQUID FUND-REGULAR PLAN MONTHLY

DIVIDEND 29-Apr-16 5.21294906 4.82969754 1008.4775

PEERLESS LIQUID FUND-DIRECT MONTHLY

DIVIDEND 29-Apr-16 5.35465749 4.96098769 1008.6737

PEERLESS LIQUID FUND - REGULAR PLAN MONTHLY

DIVIDEND 30-Mar-16 5.14931749 4.77074411 1008.3894

PEERLESS LIQUID FUND - DIRECT MONTHLY

DIVIDEND 30-Mar-16 5.29904307 4.90946199 1008.5967

PEERLESS LIQUID FUND - REGULAR PLAN MONTHLY

DIVIDEND 26-Feb-16 4.27039297 3.95643736 1007.1725

PEERLESS LIQUID FUND - DIRECT MONTHLY

DIVIDEND 26-Feb-16 4.39787278 4.07454496 1007.3490

Scheme Performance vis-a-vis Benchmark (%)

Rating Profile (%)

Maturity Profile % Weightage

Below or equal to 91 days 94.46

CBLO (including TBill held as collateral)/Reverse Repo/ Net Current Assets/Cash/Cash Equivalent

5.54

Please refer to page no. 10 for tax on dividend distribution Please refer to page no. 14 for Product Labeling Face Value changed from `10/- to `1000/- with effect from 21st September 2014.

^Net Asset Value (NAV) as on April 29, 2016 (in `)

Plan / Option Regular Plan Direct Plan

Growth 1671.5152 1675.5682

Daily Dividend 1001.2900 1001.2900

Weekly Dividend 1001.3107 1001.2970

Monthly Dividend 1008.4775 1008.6737

Please refer to page no 12 and 13 for statutory details

# - Weighted average for the month

^ Last Business Day

5

ULTRA SHORT TERM FUND (an open ended debt scheme)








Axis Bank Ltd 8.72 CARE A1+

Allahabad Bank 4.61 CRISIL A1+

IDBI Bank Ltd 4.61 CRISIL A1+

ICICI Bank Ltd 4.60 CARE A1+


State Bank of Hyderabad 4.52 ICRA A1+

Corporation Bank 2.72 CRISIL A1+


Adani Ports and Special Economic Zone Ltd 13.80 CRISIL A1+

Export Import Bank of India 9.23 ICRA A1+

Aditya Birla Finance Ltd 4.64 ICRA A1+

Small Industries Development Bank of India 4.61 CRISIL A1+

NON-CONVERTIBLE DEBENTURE / ZCB 27.96

Housing Development Finance Corporation Ltd 9.37 CRISIL AAA

Rural Electrification Corporation Ltd 4.66 CRISIL AAA

LIC Housing Finance Ltd 4.65 CARE AAA

Power Finance Corporation Ltd 4.64 CRISIL AAA

Shriram Transport Finance Company Ltd 4.64 CRISIL AA+

CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/ Cash Equivalent

5.45

Total 100.00


Investment Objective To provide optimal returns & liquidity to the investors by investing primarily in a mix of money market & short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety & liquidity. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

Allotment Date 19th February 2010

Fund Size

` 104.60 Crs (Monthly AAUM for April, 2016) ` 107.77 Crs (AUM as on 30 April, 2016)

Asset Allocation Pattern Money Market Instruments: 70% to 100% Debt Instruments: 0% to 30%

Scheme Features Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of `.1/- thereafter

Benchmark : CRISIL Liquid Fund Index

Fund Manager Mr. Killol Pandya : Total experience 17 years Mr. Vikram Pamnani: Total experience 7 years.



Date Net Dividend ( ` per unit) Cum

Dividend

Nav (in `)

Individual/HUF

Corporate

PEERLESS ULTRA SHORT TERM FUND-REGULAR PLAN

MONTHLY DIVIDEND 29-Apr-16 4.86380606 4.50622323 1010.3130

PEERLESS ULTRA SHORT TERM FUND-DIRECT


PEERLESS ULTRA SHORT TERM FUND - REGULAR

PLAN MONTHLY DIVIDEND 30-Mar-16 4.85752235 4.50040149 1009.2174

PEERLESS ULTRA SHORT TERM FUND - DIRECT

MONTHLY DIVIDEND 30-Mar-16 4.90374732 4.54322805 1018.8418

PEERLESS ULTRA SHORT TERM FUND - REGULAR

PLAN MONTHLY DIVIDEND 26-Feb-16 3.02369102 2.80139186 1004.8678

PEERLESS ULTRA SHORT TERM FUND - DIRECT

MONTHLY DIVIDEND 26-Feb-16 4.89363562 4.53385974 1016.4548


Period

Peerless Ultra Short Term Fund –

Regular Plan-Growth Option

CRISIL Liquid Fund Index

1 Year Govt. T-Bill

March 31, 2015 to March 31, 2016

7.73% 8.06% 7.69%

March 28, 2014 to March 31, 2015

8.99% 9.89% 8.74%

March 28, 2013 to March 28, 2014

8.98% 9.46% 5.77%



16571.06 16148.31 14907.24

Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calcu-lated for Growth Option.

As on April 30, 2016 Average Maturity (Yrs)................................................................................... 0.32 Modified Duration (Yrs).................................................................................. 0.30 Portfolio Yield (%) ....................................................................................... 7.61 # TER - Reg (%) ....................................................................................... 0.85 # TER - Direct (%) ....................................................................................... 0.20

Asset Allocation


Rating Profile (%)


Below 1 Year 89.91

Above 1 Year 4.64


5.45

Please refer to page no. 10 for tax on dividend distribution Please refer to page no. 14 for Product Labelling Face Value changed from ` 10/- to ` 1000/- with effect from 22nd September 2014.



Growth 1667.1304 1693.8605

Daily Dividend 1005.4600 1006.6500

Weekly Dividend 1004.0287 1004.7952




66.59%

23.32%

5.45% 4.64%

A1+ & equivalent AAA & equivalent

CBLO/ Cash & Cash Equivalent

AA+ & equivalent

^ Last Business Day

6

SHORT TERM FUND (an open ended debt scheme)










Corporation Bank 2.66 CRISIL A1+


Adani Ports and Special Economic Zone Ltd 13.52 CRISIL A1+


Jyothy Laboratories Ltd 17.83 CARE AA-

Housing Development Finance Corporation Ltd

14.08 CRISIL AAA

Small Industries Development Bank of India 13.76 CARE AAA


Fullerton India Credit Company Ltd 6.82 CARE AAA


4.16

Total 100.00


Investment Objective To generate income & capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

Allotment Date 18th August 2010

Fund Size

` 73.25 Crs (Monthly AAUM for April, 2016) ` 73.33 Crs (AUM as on 30 April, 2016)


Scheme Features Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of ` 1/- thereafter Benchmark : CRISIL Short Term Debt Index

Fund Manager Mr. Killol Pandya - Total experience 17 years.



Date

Net Dividend (` per unit) Cum Dividend

Nav (in `) Individual/HUF Corporate

PEERLESS SHORT TERM FUND - REGULAR-


PEERLESS SHORT TERM FUND - DIRECT MONTHLY

DIVIDEND 11-Apr-16 0.05337540 0.04945128 11.0871


MONTHLY DIVIDEND 10-Mar-16 0.05185864 0.04804604 10.7736


DIVIDEND 10-Mar-16 0.05308649 0.04918362 11.0293


MONTHLY DIVIDEND 10-Feb-16 0.05193087 0.04811296 10.7926


DIVIDEND 10-Feb-16 0.05315872 0.04925054 11.0413

Dividend History (Quarterly)


Date

Net Dividend ( ` per unit) Cum Dividend

Nav (in `) Individual/HUF Corporate

Peerless Short Term Fund - Regular Quarterly Dividend

28-Mar-16 0.15759827 0.14601178 10.9659

Peerless Short Term Fund - Direct Quarterly Dividend

28-Mar-16 0.16200408 0.15009368 11.2767

Peerless Short Term Fund-Direct Quarterly Dividend

5-Nov-15 0.16099291 0.14915685 11.1938

Peerless Short Term Fund-Regular Quarterly Dividend

5-Nov-15 0.15723713 0.14567719 10.9242

Peerless Short Term Fund - Direct Quarterly Dividend

25-Aug-15 0.16132573 - 11.2169

Peerless Short Term Fund - Regular Quarterly Dividend

25-Aug-15 0.15781461 0.14621251 10.9660


Period

Peerless Short Term Fund - Regular Plan-

Growth Option

CRISIL Short Term Debt Index

1 Year Govt. T-Bill

March 31, 2015 to March 31, 2016 7.70% 8.47% 7.69%

March 28, 2014 to March 31, 2015 9.34% 10.31% 8.74%

March 28, 2013 to March 28, 2014 8.63% 8.78% 5.77%



16724.00 15909.16 14805.23

Past performance may or may not be sustained in future Returns are absolute. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.

As on April 30, 2016 Average Maturity (Yrs) ............................................................... 0.88 Modified Duration (Yrs)...................................................................... 0.77 Portfolio Yield (%).............................................................................. 7.84 # TER - Reg (%)............................................................................. 1.25 # TER - Direct (%)................................................................................ 0.39

Asset Allocation


Rating Profile (%)


Below 1 Year 54.14

Above 1 Year 41.70


4.16

Please refer to page no. 10 for tax on dividend distribution Please refer to page no. 14 for Product Labeling



Growth 16.8291 17.2999


Quarterly Dividend 10.8433 11.1603

Bonus 12.6136 17.3046



^ Last Business Day

7

FLEXIBLE INCOME FUND (an open ended debt scheme )


Period

Peerless Flexible Income Fund -

Regular Plan - Growth

Option

CRISIL Composite

Bond Fund Index

10 Year dated GOI Security

March 31, 2015 to March 31, 2016

6.29% 8.24% 7.97%

March 28, 2014 to March 31, 2015

6.69% 14.54% 14.50%

March 28, 2013 to March 28, 2014

4.03% 4.32% -1.01%



12472.80 13656.63 13099.88

Past performance may or may not be sustained in future Returns are absolute. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan-Growth Option.

As on April 30, 2016 Average Maturity (Yrs) .................................................................................... 8.49 Modified Duration (Yrs) .................................................................................... 5.60 Portfolio Yield (%) ..................................................................................... 7.42 # TER - Reg (%) ..................................................................................... 1.48 # TER - Direct (%) ....................................................................................... 0.33


Asset Allocation


Rating Profile (%)


Below 1 Year 4.82

Above 1 Year 88.37


6.81




Growth 12.5779 13.0190


Quarterly Dividend - 12.3464







Fixed Deposits 4.82

HDFC Bank Ltd 4.82

Government Securities 88.37

7.59% GOI 11/01/2026 26.76 Sovereign

7.88% GOI 19/03/2030 24.37 Sovereign

7.68% GOI 15/12/2023 24.21 Sovereign

8.27% GOI 09/06/2020 13.03 Sovereign


6.81

Total 100.00


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 ` 30.63 Crs (Monthly AAUM for April, 2016)

` 41.53 Crs (AUM as on 30 April, 2016)


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.




Date

Net Dividend (` per unit) Cum Dividend Nav (in `)

Individual/HUF

Corporate

Peerless Flexible Income Fund-Direct Monthly

Dividend 10-Jul-13 0.16008741

- 10.2115

Peerless Flexible Income Fund-Regular-Monthly

Dividend 10-Jul-13 0.04675609 0.04478483 10.0699

Peerless Flexible Income Fund-Dividend-Regular

Monthly Dividend 10-Jun-13 0.09351267 0.08955192 10.1495

Peerless Flexible Income Fund-Dividend-Regular

Monthly Dividend 10-Apr-13 0.11387253 0.09701559 10.1422



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

^ Last Business Day

8

INCOME PLUS FUND (an open ended debt scheme)


Period Peerless Flexible

Income Fund - Regular

Plan - Growth Option

CRISIL Composite

Bond Fund Index


March 31, 2015 to March 31, 2016 4.63% 5.67% 7.97%

March 28, 2014 to March 31, 2015 13.67% 16.39% 14.50%

March 28, 2013 to March 28, 2014 8.93% 6.44% -1.01%


Current Value of investment if Rs 10000/- was invested on Inception

date (in `)

15563.40 15657.43 14512.60

Past performance may or may not be sustained in future

Returns are absolute. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan-Growth Option.

Peerless Income Plus Fund - Percentage contribution of B15 cities to AUM is 55.67 on April 30, 2016

As on April 30, 2016 Average Maturity for the debt portion (Yrs)……................................................................ 3.63 Modified Duration for the debt portion (Yrs)……......................................................... 2.72 Portfolio Yield (%) ....................................................................................... 8.38 # TER - Reg (%) ....................................................................................... 2.44 # TER - Direct (%) ....................................................................................... 0.71

Asset Allocation

Rating Profile (%)- Debt


Above 1 Year 55.49

Below 1 Year 08.27


05.13



Plan / Option Regular Plan Direct Plan Growth Option 15.7501 16.4507




Portfolio Holdings % of Net Assets Rating/Industry

EQUITY SHARES 19.72

HDFC Bank Ltd 1.40 BANKS

Infosys Ltd 1.25 SOFTWARE

Kotak Mahindra Bank Ltd 1.07 BANKS

Oracle Financial Services Software Ltd 0.89 SOFTWARE

ICICI Bank Ltd 0.78 BANKS

Indraprastha Gas Ltd 0.73 GAS

Motherson Sumi Systems Ltd 0.73 AUTO ANCILLARIES

Bajaj Auto Ltd 0.72 AUTO

Housing Development Finance Corporation Ltd 0.70 FINANCE

Cummins India Ltd 0.66 INDUSTRIAL PRODUCTS

IndusInd Bank Ltd 0.65 BANKS

Sundaram Finance Ltd 0.63 FINANCE

AIA Engineering Ltd 0.61 INDUSTRIAL PRODUCTS

Bata India Ltd 0.60 CONSUMER DURABLES

Grasim Industries Ltd. 0.59 CEMENT

Nestle India Ltd 0.57 CONSUMER NON DURABLES

Canara Bank 0.55 BANKS

Havells India Ltd 0.55 CONSUMER DURABLES

Repco Home Finance Ltd 0.53 FINANCE

Shree Cements Ltd 0.52 CEMENT

Others 4.99


Religare Enterprises Ltd 18.50 IND AA-


Dewan Housing Finance Corp Ltd 6.90 CARE AAA



FIXED DEPOSITS 1.38

HDFC Bank Ltd 1.38

MUTUAL FUNDS UNITS 11.38

GOVERNMENT SECURITIES 14.27

7.68% GOI 15/12/2023 11.08 Sovereign

8.27% GOI 09/06/2020 3.19 Sovereign

CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent

5.13

Total 100.00

Industry Allocation – Equity(%)


Investment Objective To generate regular income through a portfolio of predominantly high quality fixed income securities and with a marginal exposure to equity & equity related securities. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

Allotment Date 29th July 2010

Fund Size ` 72.40 Crs (Monthly AAUM for April, 2016) ` 72.62 Crs (AUM as on 30 April, 2016)

Asset Allocation Pattern Debt & Money Market instruments: 80% to 98% Equity & Equity related instruments: 2% to 20%

Scheme Features Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of ̀1/- thereaf-ter Benchmark : CRISIL MIP Blended Fund Index

Fund Manager Mr. Killol Pandya : Total experience 17 years. Mr. Amit Nigam : Total experience 14 years.




Date

Net Dividend (` per unit) Cum Dividend Nav (in `) Individual/HUF Corporate

PEERLESS INCOME PLUS FUND-REGULA MONTHLY DIVIDEND

29-Apr-16 0.05727563 0.05306478 10.5796

PEERLESS INCOME PLUS FUND-DIRECT MONTHLY DIVIDEND

29-Apr-16 0.06074250 0.05627677 11.2172

PEERLESS INCOME PLUS FUND - REGULAR MONTHLY DIVIDEND

30-Mar-16 0.05669782 0.05252944 10.5034

PEERLESS INCOME PLUS FUND - DIRECT MONTHLY DIVIDEND

30-Mar-16 0.06009246 0.05567452 11.1268

PEERLESS INCOME PLUS FUND - REGULAR MONTHLY DIVIDEND

26-Feb-16 0.05575887 0.05165953 10.3133

PEERLESS INCOME PLUS FUND - DIRECT MONTHLY DIVIDEND

26-Feb-16 0.05900907 0.05467077 10.9150



Date

Net Dividend (` per unit) Cum Dividend Nav (in `) Individual/HUF Corporate

PEERLESS INCOME PLUS FUND- REGULAR QUARTERLY DIVIDEND

28-Mar-16 0.17861618 0.16548448 11.0843

PEERLESS INCOME PLUS FUND- DIRECT QUARTERLY DIVIDEND

28-Mar-16 0.18916126 0.17525428 11.7452

PEERLESS INCOME PLUS FUND-DIRECT QUARTERLY DIVIDEND

5-Nov-15 0.19356707 0.17933619 11.8698

PEERLESS INCOME PLUS FUND-QUARTERLY DIVIDEND

5-Nov-15 0.18367204 0.17016863 11.2574

PEERLESS INCOME PLUS FUND-DIRECT QUARTERLY DIVIDEND

25-Aug-15 0.19520827 - 11.9186

PEERLESS INCOME PLUS FUND-REGULAR- QUARTERLY DIVIDEND

25-Aug-15 0.18569410 0.17204238 11.3293


29.62%

18.50%

14.27%

5.13%

AAA & equivalent AA & equivalent Sovereign CBLO/ Cash & Cash Equivalent

^ Last Business Day

% of Net Assets

9

3 IN 1 FUND* (an open ended hybrid scheme)


Period Peerless 3 in 1 Fund-

Regular Plan-Growth Option

CRISIL MIP Blended

Fund Index + Gold (85:15)


March 31, 2015 to March 31, 2016 4.44% 6.45% 7.97%

March 28, 2014 to March 31, 2015 12.17% 14.54% 14.50%

March 28, 2013 to March 28, 2014 5.96% 4.32% -1.01%



14807.40 14997.03 13941.72


Returns are absolute. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option.

Peerless 3 in 1 Fund - Percentage contribution of B15 cities to AUM is 23.96 as on

April 30, 2016

As on April 30, 2016 Average Maturity (Yrs) ....................................................................................... 3.19 Modified Duration (Yrs) ....................................................................................... 4.34 Portfolio Yield (%) ....................................................................................... 7.76 # TER - Reg (%) ....................................................................................... 2.28 # TER - Direct (%) ....................................................................................... 0.54

Asset Allocation

Rating Profile (%)- Debt


Below 1 Year 1.51

Above 1 Year 48.59


10.25

Please refer to page no. 10 for tax on dividend distribution Please refer to page no. 14 for Product Labelling

* Erstwhile known as Peerless MF Child Plan



Growth Option 15.1346 15.6903





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

`29.59 Crs (Monthly AAUM for April, 2016) `32.81 Crs (AUM as on 30 April, 2016)

Asset Allocation Pattern Debt & Money Market instruments: 50% to 70% Equity & Equity related instruments: 15% to 25% Gold ETFs of other mutual funds and gold related instruments: 15% to 25%

Scheme Features Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of ` 1/- thereafter Benchmark : CRISIL MIP Blended Fund Index+Gold (85:15)

Fund Manager

Mr. Killol Pandya - Total experience 17 years. Mr. Amit Nigam - Total experience 14 years.


Portfolio Holdings % of Net Assets

Rating/Industry

EQUITY SHARES 19.79






Housing Development Finance Corporation Ltd 0.70 FINANCE





Bharat Electronics Ltd 0.61 INDUSTRIAL CAPITAL GOODS



Eicher Motors Ltd 0.60 AUTO



Va tech Wabag Ltd 0.53 ENGINEERING SERVICES


Titan Company Ltd 0.52 CONSUMER DURABLES


Others 5.20




Religare Enterprises Ltd 7.22 IND AA-



LIC Housing Finance Ltd 3.12 CRISIL AAA


MUTUAL FUND UNITS 19.87

Goldman Sachs Mutual Fund (Old:Benchmark MF Gold) 19.87

GOVERNMENT SECURITIES 26.29

7.59% GOI - 11/01/2026 12.31 Sovereign

8.27% GOI 09/06/2020 7.85 Sovereign

7.68% GOI 15/12/2023 6.13 Sovereign


10.25

Total 100.00



4.64%

2.19%

1.61% 1.57% 1.49% 1.49% 1.45% 1.28% 1.10%0.63% 0.61% 0.53% 0.44% 0.40% 0.36%

Bank

s

Soft

war

e

Fina

nce

Cons

umer

Dur

able

s

Indu

stri

al P

rodu

cts

Cem

ent

Cons

umer

Non

Dur

able

s

Aut

o

Aut

o A

ncill

arie

s

Gas

Indu

stri

al C

apit

al G

oods

Engi

neer

ing

Serv

ices

Phar

mac

euti

cals

Chem

ical

s

Petr

oleu

m P

rodu

cts

^ Last Business Day

% of Net Assets

10

EQUITY FUND (an open ended equity scheme)


Period

Peerless Equity Fund – Regular Plan-Growth

Option NIFTY 50 NIFTY 50

March 31, 2015 to March 31, 2016 -3.97% -8.86% -8.86%

March 28, 2014 to March 31, 2015 30.04% 26.65% 26.65%

March 28, 2013 to March 28, 2014 13.71% 17.98% 17.98%


Current Value of investment if Rs 10000/- was invested on Inception

date (in `)

15903.10 15646.09 15646.09


Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Growth Option.

Risk Measures Apr 2016

Standard Deviation*(%) …………………………………………………………………………….. 13.24

Benchmark Standard Deviation* (%)………………………………………………………………. 15.29

Sharpe Ratio~ ………………………………………………………………………………………… 0.59

Beta ............................................................................................................................. ........................... 0.81

Portfolio Turnover Ratio (Times) ....................................................................................................... 1.48

# TER - Reg (%).................................................................................................................................... 2.79

# TER - Direct (%)............................................................................................................................... 1.69

Asset Allocation



Growth 16.4960 17.1930

Normal Dividend 12.9046 13.4550

* Quarterly Dividend 13.4596 13.5298

* Half Yearly Dividend 15.4238 -

* Yearly Dividend 15.3908 -

Please refer to page no. 14 for Product Labeling * Introduced from November 2, 2015



Investment Objective To generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of equity & equity related securities. However, there can be no assurance that the investment objective will be achieved. The scheme does not assure or guarantee any returns.

Allotment Date Fund Size 28th September, 2011

Fund Size

`99.14 Crs (Monthly AAUM for April, 2016) ` 96.46 Crs (AUM as on 30 April, 2016)

Asset Allocation Pattern Equity & Equity related instruments: 80% to 100% Debt & Money Market instruments: 0% to 20%

Scheme Features Exit Load : NIL Minimum Amount: ` 1,000/- and in

multiples of ` 1/- thereafter Benchmark : Nifty 50 Index

Fund Manager Mr. Amit Nigam - Total experience 14 years.


Portfolio Holdings % of Net

Assets Industry

EQUITY SHARES 97.16












Titan Company Ltd 2.77 CONSUMER DURABLES




Bharat Electronics Ltd 2.57 INDUSTRIAL CAPITAL GOODS




Jyothy Laboratories Ltd 2.38 CONSUMER NON DURABLES

Others 25.92


2.84

Total 100.00

SIP Returns

SIP Tenure (in years) 3

Investment Amount 10000.00

Start Date 2-May-2013

End Date 30-April-2016

Total no of Instalments 36

Total Amount Invested (Rs) 3,60,000.00

Present value (Rs) 4,19,573.60

Total No Units 25,434.86

CAGR (%) 10.75

XIRR(%) 10.21

Yield (%) 15.26


Dividend History


Date

Net Dividend ( ̀per unit) Cum Dividend Nav (in `) Individual/HUF Corporate

PEERLESS EQUITY FUND - REGULAR QUARTERLY DIVIDEND

28-Mar-2016 1.8500 1.8500 14.6240

PEERLESS EQUITY FUND - DIRECT QUARTERLY DIVIDEND

28-Mar-2016 2.3500 2.3500 15.1525

PEERLESS EQUITY FUND- NORMAL DIVIDEND

16-Nov-2015 2.5000 2.5000 15.1693

PEERLESS EQUITY FUND- DIRECT NORMAL DIVIDEND

16-Nov-2015 2.5000 2.5000 15.6576

PEERLESS EQUITY FUND DIVIDEND OPTION

26-Nov-2014 1.0000 - 15.6173

PEERLESS EQUITY FUND DIRECT DIVIDEND OPTION

26-Nov-2014 1.0000 - 15.9212

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 32.58 as on April 30, 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

Tax on Dividend Distribution

Nature Individual/

HUF Domestic Companies

Liquid 28.84% 34.608%

Debt 28.84% 34.608%

Equity Nil Nil

Note: Above rates are inclusive of surcharge and cess.

^ Last Business Day

% of Net Assets

11

MIDCAP FUND (an open ended equity scheme)

Asset Allocation




Dividend Option 10.3489 10.4011


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

` 42.31 Crs (Monthly AAUM for April, 2016)

` 38.26 Crs (AUM as on 30th April, 2016)

Asset Allocation Pattern

Equity and Equity Related Instruments of Midcap Companies: 65% to 100% Debt & Money Market Instruments: 0% to 35%

Scheme Features

Exit Load : NIL

Minimum Amount: ` 1,000/- and in multiples of ` 1/-

thereafter Benchmark : Nifty Midcap 100 Index

Fund Manager

Mr. Amit Nigam - Total experience 14 years.

Peerless Midcap Fund - Percentage contribution of B15 cities to AUM is 18.79 as on April 30, 2016

TER Apr 2016 # Regular (%)......................................................................................................... 3.00 # Direct (%).............................................................................................................. 1.37



Industry

EQUITY SHARES 96.04


Castrol India Ltd 4.66 PETROLEUM PRODUCTS

Colgate Palmolive Ltd 4.62 CONSUMER NON DURABLES

Amara Raja Batteries Ltd 4.50 AUTO ANCILLARIES


The Ramco Cements Ltd 4.24 CEMENT




P I Industries Ltd 3.53 PESTICIDES

Triveni Turbine Ltd 3.45 INDUSTRIAL CAPITAL GOODS

Britannia Industries Ltd 3.37 CONSUMER NON DURABLES

Jyothy Laboratories Ltd 3.34 CONSUMER NON DURABLES


Berger Paints 3.23 CONSUMER NON DURABLES

Supreme Industries Ltd 3.14 INDUSTRIAL PRODUCTS


eClerx Services Ltd 3.10 SOFTWARE

Nesco Ltd 3.06 COMMERCIAL SERVICES

Karur Vysya Bank Ltd 3.02 BANKS

Others 21.31


3.96

Total 100.00


LONG TERM ADAVANTAGE FUND (an open ended equity linked savings scheme)



Industry

EQUITY SHARES 97.76






eClerx Services Ltd 3.86 SOFTWARE



Britannia Industries Ltd 3.51 CONSUMER NON DURABLES

Colgate Palmolive Ltd 3.44 CONSUMER NON DURABLES



Supreme Industries Ltd 3.27 INDUSTRIAL PRODUCTS

The Ramco Cements Ltd 3.22 CEMENT

Berger Paints 3.16 CONSUMER NON DURABLES

Repco Home Finance Ltd 3.01 FINANCE


Amara Raja Batteries Ltd 2.93 AUTO ANCILLARIES

V Guard Industries Ltd 2.92 INDUSTRIAL CAPITAL GOODS


Others 24.13


2.24

Total 100.00


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

` 14.38 Crs (Monthly AAUM for April, 2016)

` 14.67 Crs (AUM as on 30 April, 2016)

Asset Allocation Pattern

Equity and Equity Related Instruments: 80% to 100% Debt and Money Market Instruments: 0% to 20%

Scheme Features

Exit Load : NIL

Minimum Amount: ` 500/- and in multiples of ` 500/-

thereafter Benchmark : S&P BSE 100 Index

Fund Manager

Mr. Amit Nigam - Total experience 14 years.

Peerless Long Term Advantage Fund - Percentage contribution of B15 cities to AUM is 29.31as on

April 30,2016

TER Apr 2016 # Regular (%)......................................................................................................... 2.80 # Direct (%).............................................................................................................. 1.36

Asset Allocation




Dividend Option 10.0784 10.1937


1) Please refer to page no. 10 for tax on dividend distribution 2) Please refer to page no. 14 for Product Labeling 3) These schemes have not completed 1 year, hence performance data is not provided


% of Net Assets

% of Net Assets

^ Last Business Day ^ Last Business Day

FUNDS AT A GLANCE FOR PEERLESS MUTUAL FUND

Scheme Name

Fund Type Allotment Date Investment Objective Benchmark Fund Manager Plans

Available Options

Div Reinvest

Initial Purchase Amt (min)

Extra Initial Purchase above min. in multiples

Additional Purchase

amt.

Additional Purchase in multiples above

Exit Load

Peerless Liquid Fund

An Open Ended Liquid Scheme

19th February, 2010

To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However, there can be no assur-ance that the investment objective of the scheme will be achieved

Crisil Liquid Fund Index

Mr. Vikram Pam-nani

Regular/ Direct

Growth/Daily Dividend/Weekly Dividend/

Monthly Dividend

Yes ` 1000/- Multiples of ` 1/- thereafter ` 100/- Multiples of ` 1/-

thereafter Nil

Peerless Ultra Short Term

Fund

An Open Ended Debt Scheme

19th February, 2010

To provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and 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 and liquidity. However, there can be no assurance that the investment objective of the scheme will be achieved

Crisil Liquid Fund Index

Mr. Killol Pandya Mr. Vikram Pam-

nani Regular/ Direct

Growth/Daily Dividend/Weekly Dividend/

Monthly Dividend


thereafter Nil

Peerless Short Term Fund


18th August, 2010

To generate income and capital appreciation by invest-ing 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

Crisil Short Term

Debt Index Mr. Killol Pandya Regular/ Direct

Growth/Monthly Divi-dend/Quarterly

Dividend Yes ` 1000/- Multiples of ` 1/- thereafter ` 100/-

Multiples of ` 1/- thereafter

Nil

Peerless Flexible In-

come Fund


21st August, 2012

The primary investment objective of the scheme will endeav-our to generate reasonable returns through active duration management of the portfolio, while maintaining liquidity by investing in debt instruments including bonds, debentures and Government securities and money market instruments over various periods. 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

CRISIL Com-posite

Bond Fund Index

Mr. Killol Pandya Regular/ Direct Growth/Monthly Divi-

dend/Quarterly Dividend


thereafter Nil

Peerless Income Plus

Fund


29th July, 2010

To generate regular Income through a portfolio of predomi-nantly high quality fixed income securities and with the marginal exposure to equity and equity related 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

Crisil MIP Blended

Fund Index

Mr. Killol Pandya & Mr. Amit Nigam

Regular/ Direct Growth/Monthly Divi-



thereafter Nil

Peerless 3 in 1 Fund

An Open Ended Hybrid Scheme

05th April, 2011

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. How-ever there can be no assurance that the investment objective

of the scheme will be achieved

Crisil MIP Blended Index + Price of Gold

in the ratio 85:15

Mr. Killol Pandya & Mr. Amit Nigam

Regular/ Direct Growth/Monthly Divi-



thereafter Nil

Peerless Equity Fund

An Open Ended Equity Scheme

28th September, 2011

To generate long term capital appreciation by investing in an actively managed portfolio predominantely consisting of equity and equity related scenario. 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

NIFTY 50 Index

Mr. Amit Nigam Regular/ Direct

Growth/Normal Dividend/

Quarterly Dividend / Half Yearly Dividend/

Yearly Dividend


thereafter Nil

Peerless Long Term Advan-

tage Fund

An Open Ended Equity Linked

Savings Scheme

30th December, 2015

The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportuni-ties for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80C 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.

S&P BSE 100 Index

Mr. Amit Nigam Regular/ Direct Growth / Dividend No ` 500/- Multiples of ` 500/- thereafter ` 500/- Multiples of ` 500/-

thereafter Nil

Peerless Midcap Fund

An Open Ended Equity Scheme

07th December, 2015

The investment objective of the scheme is to generate medium to long-term capital appreciation by investing pre-dominantly 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.

Nifty Midcap 100

Index Mr. Amit Nigam Regular / Direct Growth / Dividend Yes ` 1000/- Multiples of ` 1/- thereafter ` 100/-

Multiples of ` 1/- thereafter

Nil

12

FUNDS AT A GLANCE FOR PEERLESS MUTUAL FUND

Scheme Name Minimum

Redemption

Min Redemption units

Redemption Payout Cycle

SIP SIP Frequency SIP Min amt SIP Min no. of Chqs SIP Starting Date SWP SWP Frequency

SWP Min. Amt SWP Starting Date STP STP Frequency STP Min Amt STP Starting Date

Peerless Liquid

Fund ` 1000/- and in multiples of ` 1/- thereafter or account

balance whichever is lower

NA T+1 Yes Fortnightly Monthly, Quarterly

& Half Yearly

Fortnightly- ` 500 Monthly- ` 500

Quarterly- ` 1000 Half Yearly- ` 2000

Fortnightly 24 install-ments, Monthly 12

-installments,Quarterly 4 installments,Half Yearly 2

installments

Fortnightly, every alternate wednesday 1st,7th,10th,15th, 20th,

25th of every month/ quarter and half yearly

Yes Monthly and Quar-

terly

Monthly- ` 500/- Quarterly-

` 1500/-

Monthly: 5th of the month; Quarterly 5th of

April, July, October, January

Yes Daily, Weekly, fortnightly and

Monthly

Daily - ` 50/- Fort-nightly Weekly &

Monthly ` 500

Daily, Weekly (every Wednes-day) Fortnightly (every

alternate Wednesday) Monthly (as on specified dates)

Peerless Ultra Short Term

Fund

` 1000/- and in multiples of ` 1/- thereafter or account

balance whichever is lower

NA T+1 Yes Fortnightly Monthly, Quarterly

& Half Yearly





installments




terly


` 1500/-




Monthly


Monthly ` 500

Daily, Weekly (every Wednesday) Fort-

nightly (every alternate Wednes-

day) Monthly (as on

specified dates)

Peerless Short

Term Fund ` 1000/- and in multiples of

` 1/- thereafter

100 units or account balance whichever is

lower

T+1 Yes Fortnightly Monthly, Quarterly

& Half Yearly


Quarterly- `` 1000 Half Yearly- ` 2000



installments




terly

Monthly-

` 500/- Quarterly- ` 1500/-




Monthly


Monthly ` 500



day) Monthly (as on

specified dates)

Peerless Flexible

Income Fund

` 1000/- and in multiples of ` 1/- thereafter


lower


& Half Yearly





installments




terly


` 1500/-




Monthly


Monthly ` 500



day) Monthly (as on

specified dates)

Peerless Income

Plus Fund

` 1000/- and in multiples of ` 1/- thereafter


lower


& Half Yearly





installments




terly


` 1500/-




Monthly


Monthly ` 500



day) Monthly (as on

specified dates)

Peerless 3 in

1 Fund ` 1000/- or account

balance, which ever is lower


lower


& Half Yearly





installments




terly


` 1500/-




Monthly


Monthly ` 500



day) Monthly (as on

specified dates)

Peerless Equity

Fund ` 1000/- or account

balance, which ever is lower


lower


& Half Yearly





installments




terly


` 1500/-




Monthly


Monthly ` 500



day) Monthly (as on

specified dates)

Peerless Long Term Advan-

tage Fund

` 1000/- or account balance, which ever is

lower


lower


& Half Yearly



Fortnightly 24 installments,

Monthly 12 installments, Quarterly 4 installments, Half

Yearly 2 installments

Fortnightly, every alternate Wednesday

1st,7th,10th,15th, 20th, 25th of every month /

quarter and half yearly

*Yes Monthly &

Quarterly


` 1500/-



*Yes Daily, Weekly, fortnightly and

Monthly

Daily - ` 50/- each Fortnightly Weekly &

Monthly ` 500 each



day) Monthly (as on

specified dates)

Peerless Midcap

Fund

` 1000/- or account balance, which ever is

lower


lower


& Half Yearly



Fortnightly 24 installments,

Monthly 12 installments, Quarterly 4 installments, Half

Yearly 2 installments

Fortnightly, every alternate Wednesday

1st,7th,10th,15th, 20th, 25th of every month /

quarter and half yearly

Yes Monthly &

Quarterly


` 1500/-




Monthly

Daily - ` 50/- each Fortnightly Weekly &

Monthly ` 500 each

Daily, Weekly (every Wednes-day) Fortnightly(every alter-nate Wednesday)Monthly(as

on specified dates)

Note: The Trustee will endeavor to declare the Dividend as per the specified frequencies, subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declarations of Dividend and frequency will inter-alia depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the Unit holders as to the rate of Dividend nor that the Dividend will be paid regularly. Dividend payable under Dividend Payout option (Weekly Option) is equal to or less than ` 500 then the Dividend would be compulsorily reinvested in the option of the Scheme. In case an investor fails to specify his preference of Plans/Sub Plans/Options in the below mentioned schemes, the default Plan/Sub Plan/Options would be as above. * SWP/STP available only after completion of statutory lock-in period of 3 years from the date of investment by the investor.

Any information herein contained does not constitute and shall be deemed not to constitute an advice, an offer to sell/ purchase or as an invitation or solicitation to do so for any securities of any entity, and further, Peerless Funds Management Co. Ltd. (PFMCL). Its subsidiaries / affiliates/ spon-sors / trustee (Peerless Funds Management Co Ltd. Group) or their officers, employees, personnel, directors may be associated in a commercial, professional or personal capacity or may have a commercial interest including as proprietary traders in or with securities and / or companies or issues or matters as contained in this publication and such commercial capacity or interest whether or not differing with or conflicting with this publication, shall not make or render (PFMCL Group) liable in any manner whatsoever & (PFMCL Group) or any of their officers, employees, personnel, direc-tors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of any information that may be displayed in this publication form time to time. Recipients of the information contained herein should exercise due care and caution and read the Scheme information Document(s) and Statement of Additional information (including if necessary, obtaining the advice of tax/ legal/accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein. The printing and mailing cost this newsletter is charged to the respective schemes subject to Securities & Exchange Board of India (Mutual Funds) Regulations, 1996. CARE Rating Methodology: Peerless Liquid Fund, Peerless Ultra Short Term Fund & Peerless Flexible Income Fund have been assigned “Credit Risk Rating AAAmfs” by CARE Rating (Credit Analysis and Research Limited) CARE’s fund credit quality ratings are opinions on the overall credit quality of specific debt mutual fund. The rating captures fund’s overall exposure to default risk. CARE uses the concept of credit scores, assigned to individual securities, as per credit scoring matrix developed by CARE. The score is essentially a function of the credit quality and rating of security and its internal residual maturity. The rating includes assessment of various qualitative factors including management quality and management information systems and risk management systems in various operational areas. CARE reviews the related mutual fund on an ongoing basis to support its published rating opinions. A detailed methodology can be sourced from www.careratings.com or Credit Analysis & Research Ltd. Statutory details: Peerless Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by The Peerless General Finance & Investment Company Limited (liability restricted to Rs 1 Lakh). Trustee: Peerless Trust Management Co. Limited Investment Manager:Peerless Funds Management Co. Limited(the AMC)

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

This fact sheet is for informational purpose only and under no circumstances is to be used or considered as an investment advice 13

14

Reach us in at

PEERLESS MUTUAL FUND OFFICES

Registered Office: Peerless Funds Management Co. Limited, 3rd Floor, Peerless Mansion, 1, Chowringhee Square, Kolkata - 700 069. Tel 033 4018 5000, Fax : 033 40185010. CIN No:

U65990WB2009PLC134537 Investment & Operations Office : 102, Centrepoint, J.B. Nagar, Andheri - Kurla Road, Andheri (East) , Mumbai – 400 059. Tel 022 6177 9922 Toll Free : 1800 103 8999 Fax : 022 6177 9996. Branches/Customer Service Centres :

EAST-AGARTALA: 42, Akhaura Road, Agartala Tripura (West) 799 001, BANKURA: College Road, Raghunathpur Main Road, Opp. Bankura Christian College, PO & Dist: Bankura 722 101, BHU-BANESWAR: 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., 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, Chen-nai 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, Musheera-bad, 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


PR0DUCT LABELING

NAME OF THE SCHEME THESE PRODUCTS ARE SUIABLE FOR INVESTORS WHO ARE SEEKING* RISKOMETER

Peerless Liquid Fund

(An Open Ended Liquid Scheme) Income over short term.

Investment in debt and money market instruments.

Peerless Ultra Short Term Fund

(An Open Ended Debt Scheme) Income over short term.

Investment in money market and short term debt instruments.

Peerless Short Term Fund

(An Open Ended Debt Scheme) Income over short to medium term.

Investment in debt and money market instruments.

Peerless Flexible Income Fund

(An Open Ended Debt Scheme) Income over medium to long term.

Investment in debt instruments including bonds, debentures and

government securities and money market instruments over various maturity periods.

Peerless Income Plus Fund

(An Open Ended Debt Scheme) Income over medium to long term.

Investment in high quality fixed income securities and with the 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.

mother’s day - may 8 fixed deposits 0.33 hdfc bank ltd 0.33 cblo (including tbill held as...

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