Peerless Mutual Fund launches maiden Equity Fund

Kolkata based Peerless Funds Management Company, an arm of  PGFIL (Peerless General Finance and Investment Company), India’s largest residuary non-banking company.

Mr. Akshay Gupta, MD, Peerless MF Said “Domestic equity markets have corrected significantly. We expect situation to stabilise over the next 2 to 3 months. Therefore, retail investors should take opportunity of market correction and enter the equity assets class for long term out performance,“

This Peerless Mutual Fund's maiden equity fund- ­ Peerless Equity Fund, an open-ended equity scheme.

The objective of the scheme is to generate returns with long-term capital appreciation by investing in equities and equityrelated securities in diversified sectors.. Peerless Equity Fund is a multicap diversified fund and will have the corpus allocated in large, mid and small cap stocks.

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