Earlier in August, Essel Finance had got the Securities and Exchange Board of India's approval to acquire Peerless Funds Management
Peerless Mutual Fund has been renamed as Essel Mutual Fund with effect from November 1, a newspaper notice from the fund house stated today.
Earlier in August, Essel Finance had got the Securities and Exchange Board of India's approval to acquire Peerless Funds Management.
Subsequently, the names of the Asset Management Company has been changed from 'Peerless Funds Management Co Limited' to 'Essel Finance AMC limited with effect from October 24.
Als0, the name of the trustee company has been changed from 'Peerless Trust Managedment' to 'Essel MF Trustee' with effect from October 30.
Consequently, scheme names with prefix 'Peerless' has been changed to 'Essel'.
Below is the list of the schemes along with its new name:
Old Name New Name
Peerless Liquid Fund Essel Liquid Fund
Peerless Ultra Short Term Fund Essel Ultra Short Term Fund
Peerless Short Term Fund Essel Short Term Fund
Peerless Flexible Income Fund Essel Flexible Income Fund
Peerless Income Plus Fund Essel Income Plus Fund
Peerless 3 in 1 Fund Essel 3 in 1 Fund
Peerless Equity Fund Essel Equity Fund
Peerless Midcap Fund Essel Midcap Fund
Peerless Long Term Advantage Fund Essel Long Term Advantage Fund