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Aug 14, 2012, 12.09 PM IST
Peerless Mutual Fund has announced to launch an open ended debt scheme - Peerless Flexible Income Fund with an investment objective to generate reasonable returns commensurate with the risk taken by active duration management of the portfolio.
The New Fund Offer (NFO) will be open for subscription from August 16, 2012 to August 17, 2012. The scheme will re open for continuous sale and repurchase on August 21, 2012.
The scheme will be available in Growth and Dividend Option
The scheme seeks to invest 65% to 75% in Corporate Bonds / G Sec with Portfolio Average Maturity of 2 - 5 Yrs. 25% to 35% to be in CDs /CPs with maturity of 3 months to 1 Year.
The Benchmark index for the scheme is CRISIL Composite Bond Fund Index and will be managed by Mr. Ganti N. Murthy.
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