TILL THE GOAL IS REACHED lacks enough momentum to jumpstart inflation towards the cen-tral bank’s ambitious 2% target. Japan’s cabinet approved a Domestic Markets: Like November,

1

FACTSHEET

December, 2016 Born in 1863, Swami Vivekananda’s inspiring personality was well known both in India and in

America during the last decade of the nineteenth century and the first decade of the twentieth. The

unknown monk of India suddenly leapt into fame at the Parliament of Religions held in Chicago in

1893 because of his deep knowledge of Eastern and Western culture as well as his deep spiritual in-

sight. To cherish his memory and acknowledge the influence he could have in shaping the youth of

India, the Government of India decided to mark his birthday, 12th January, as National Youth Day

from 1985 onwards. Peerless family wishes you Happy National Youth Day.

(Source: Ramkrishna.org)

ARISE, AWAKE & STOP NOT TILL THE GOAL IS REACHED

2

Types of funds A wide variety of available Mutual Fund schemes allows you to select the invest-ment pattern that meets your financial needs

The universe of mutual funds has a lot more funds than what an investor is ever likely to invest in. That, however, should not intimidate an investor as funds can be classified under different categories, which is the starting point of understanding the various funds avail-able. An easy way to approach different fund types is to approach them based on their orientation, assets they invest in, and their management style.

Please feel free to share your feedback with us at [email protected].

Funds can also be classified based on their asset class, such as equity, debt or gold, and whether they are equity, debt or gold funds. There are also funds that have a judicious mix of all these asset classes to form the hybrid category of mutual funds. A debt mutual fund scheme invests in debt papers like government and corporate bonds, money market instruments, and other approved fixed-income securities. In case of equities, the investments are in stocks of varying market capitalisation and sectors. A special type of fund within equities is the equity-linked savings scheme (ELSS), in which in-vestments qualify for tax deduction under Section 80C of the Income Tax Act. Then there are closed-end funds that have a defined investment time period. In closed-end funds, one can invest only at the time of the launch of these funds and withdraw only when the fund is finally closed. In contrast, open-ended schemes are open for investment and redemption on a continu-ous basis till the scheme is wound up—investors can invest their money at any point of time. Investors can also redeem their money at any point of time, subject to applicable exit load, if any, applicable to a scheme. Likewise, there are also funds that are actively managed and those that are passive as they track the constituents of a popular index. Once you know which fund falls under which category, it would help you choose a scheme based on your risk profile and investment needs.

3

Fixed Income Market Commentary for the month of December 2016

Liquidity :The month was relatively calmer for market liquidity

in comparison to November. Market liquidity remained positive

for most part of December. However, overnight rates remained

volatile with CBLO rates ranging from about 7.00% to about

1.00%. Going forward, we expect the market liquidity to ease

significantly in early January as we begin the new quarter.

However, liquidity may see relative tightening later in the com-

ing month though we expect liquidity to continue to remain posi-

tive.

Inflation: CPI softened and printed at 3.63% (Vs 4.20% last

month). This was lower than market expectations. WPI inflation

also softened to +3.15% (Vs +3.39% last month) and higher

than market expectations. The IIP print, slipped back into nega-

tive territory and came in at – 1.9% (Vs + 0.7% last month) and

was a considerably lower than market expectations.

INR: The INR saw a mixed trend during the month against a

globally strengthening USD. INR began the month at about

68.485 (Vs USD) and ended the month at about 67.923. Going

ahead, the currency may continue to exhibit some volatility. FPI

flows, the global trajectory of the USD and other major curren-

cies may continue to cause volatility in the INR in the coming

weeks.

Interest Rates and Outlook: Domestic bonds saw some hard-

ening of yields on the back of FOMC raising its rates by 25 bps.

Sovereign bonds and corporate bonds both saw reasonably

hardening even as RBI kept its rates unchanged. CPI print was

lower than market expectations. IIP numbers have been patchy

but a persistently weak reading in IIP numbers may hint at a

slowing of industrial activity in the economy. In the coming

months, some additional softness in CPI may be attributable to

the demonetization action. As of now, we may retain our view

that the inflation trajectory is headed lower and is within RBIs

comfort zone.

RBI announced its monetary policy during December and we

place our comments and views on the same as under;

RBI kept Repo, Reverse Repo and other key rates (CRR,

MSF etc) unchanged

RBI expressed concerns over upside risks to inflation on

account of Crude oil prices, 7th pay commission etc

RBI held that the financial turmoil caused by the

‘demonetization’ process would be short term in nature and

that cash in the system would stabilize soon

RBI’s non-action on rates may have surprised domestic

market participants, since most estimates held a view that

25bps rate cut was in the offing at this policy.

It is possible that RBI held its rates in face of the FOMC

meeting where it was widely expected that Federal Reserve

would hike US rates by 25 bps

Going ahead, we expect RBIs policy to remain largely ac-

commodative. RBI may continue to watch incoming data

regarding inflation, currency movements and international

factors such as USD movements, FOMC rate actions and

crude oil prices.

Money market instruments saw some volatility in yields mainly

on account of RBI rate inaction as well as shifts in market li-

quidity. Overall, money market instruments remained largely

range bound with a negative bias through the month. Gilt secu-

rities saw significant volatility during the month with a negative

bias. The new benchmark 10 year paper (6.97% GS 2026)

started the month at about 6.24% and ended the month at

about 6.51%. Corporate bonds yields also saw volatility and

hardening in yields but the movement was generally not as

sharp as seen in Gsecs. The negative moves seen in Gilts &

Corporate bonds can be attributed to contained market liquidity,

FOMC rate hike, RBI rate inaction and concerns relating to in-

flation.

Overall, we retain the outlook of our monetary policy tenor hav-

ing accommodative undertones. Market participants shall also

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.

One topical area of concern could continue to be the volatility

caused by the demonetization drive which began in November

and will continue to have ramifications in the coming quarters.

However, we hold that the volatility caused by the drive may be

short term in nature. We retain our positive outlook for the do-

mestic 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. Go-

ing forward, we reiterate our view on domestic rates to be posi-

tive with a medium term perspective.

Mr. Killol Pandya (Head– Fixed Income)

(Data Source - Reuters, Bloomberg, RBI, Internal)

4

Equity Market Commentary for the month of December 2016

Domestic Markets: Like November, December also turned out to be a negative month with Sensex being down by 0.1% and NSE-50 Index being down by 0.47%. During 2016, Sensex was up by 1.95% and Nifty was up by 3%. In December, among BSE sector indices I&T and Oil & Gas posted best positive returns. I&T with 3.29% returns stood at the top of the table while healthcare sector lost the most, down by 6.4%. During 2016, metals index posted 36.65%, the best returns and healthcare index posted 12.88%, the worst returns. For the month, Rupee strengthened by 0.68% and closed at 67.92 against US dollar. For the year, it depreciated by 2.68%. Domestic Macro Data: RBI in the monetary policy meeting left the repo rate un-changed versus consensus expectations of a 25 bps cut. The central bank also decided to withdraw the incremental 100% CRR and put in place MSS limit to absorb the liquidity. In the month of October, IIP contracted by 1.9% YoY, com-pared to 0.7% YoY expansion in September. The weakness in industrial activity has been heavily concentrated in few seg-ments, especially in capital goods (25.9% YoY decline, 12

th

straight month of contraction). Mining continued to contract with 1.1% YoY decline compared to 3.2% YoY decline in Septem-ber. Manufacturing declined by 2.4% YoY compared to an ex-pansion of 0.9% in September. Electricity (1.1% YoY expansion compared to 2.4% YoY in September) witnessed some contrac-tion. Consumer goods registered a decline of 1.6% YoY after a long period primarily led by a very weak growth in durables. IIP non-durables continued its weak trend. India WPI inflation in November came in at 3.15%, compared to 3.39% last month and continued to remain in the positive terri-tory after finally turning positive in April post marking 17 straight months of negative print. CPI for November came in at 3.6%, compared to 4.2% last month. The MoM (month on month) de-cline was led by fall in food inflation (to 2.6% from 3.7% earlier) as vegetables and pulses prices deflated during the month. Core CPI of 4.9%, was 10 bps lower compared to last month. India’s trade deficit for November came in at USD 13 billion, USD 2.8 billion higher MoM. Exports in November were USD 20 billion (October – USD 23.5 billion). With regard to compo-nents, informal SME sectors, such as, readymade garments, and gems & jewelry, which rely on cash for salary payments and other transactions were the worst hit. Imports at USD 33 billion were lower by ~USD 0.7 billion compared to last month.

Current account deficit (CAD) for September 2016 stood at contained level of USD3.4bn (0.6% of GDP, the third consecu-tive quarter of sub-1% of GDP), the most prolonged phase of modest CAD in a decade. Global Markets: US Fed raised interest rates by a quarter points (25 basis points) and signaled a faster pace of increases in 2017. Ja-pan’s core consumer price marked the ninth straight month of annual decline in November, suggesting that the economy still lacks enough momentum to jumpstart inflation towards the cen-tral bank’s ambitious 2% target. Japan’s cabinet approved a record $830 billion spending budget for fiscal 2017 that counts on low interest rates and a weak yen to limit borrowings. Outlook: We wish our investors a very happy and prosperous 2017 and hope the year turns out to be better than 2016. 2016 turned out be an eventful year and our Indian markets having successfully absorbed the shock of Brexit succumbed to the currency replacement exercise taken up by our govern-ment. A big reason for the resilience of our markets was strong flows from our domestic institutional investors who pumped in US$ 6.5 billion compared to US$ 2.7 billion by FIIs. We are excited by the long term opportunities that are thrown up by this demonetization exercise as it will not only help im-prove the quality and quantity of our GDP growth, but also im-prove fiscal health of the government balance sheet. Implemen-tation of GST this year should also help the companies in the organized sector as the companies in the unorganized sector would lose the cost advantage due to tax avoidance. The biggest risks to our minds would be the increasing interest rates in the USA and consequent strength of the US Dollar. In the short term, the market participants may focus on the current quarter corporate earnings to evaluate the actual impact of de-monetization and an earlier presentation of the Union Budget. The current valuations of Nifty 50 companies at about 15.5x one year forward EPS offer comfort to investors, with a long term horizon, to use the short term volatility to increase their allocations towards equities. (Data Source - Reuters, Bloomberg, RBI, Internal)

Mr. Amit Nigam (Head - Equities)

5

LIQUID FUND (an open ended liquid scheme)

CARE AAAmfs CARE(Credit Analysis and Research Limited Rating

(Source: www.careratings.com) (as on December 31, 2016)

Past Performance is no guarantee of future results.

For details please refer Page 15.

Portfolio as on December 31, 2016

Portfolio Holdings Rating % of Net Assets

CERTIFICATE OF DEPOSITS 37.05%

IDBI Bank Ltd CRISIL A1+ 9.27%

South Indian Bank Ltd CARE A1+ 7.92%

Punjab and Sind Bank ICRA A1+ 6.63%

IDFC Bank Ltd ICRA A1+ 6.62%

IndusInd Bank Ltd CRISIL A1+ 6.61%

COMMERCIAL PAPER 37.06%

Aditya Birla Finance Ltd ICRA A1+ 6.63%

Religare Comtrade Ltd ICRA A1+ 6.62%

Religare Securities Ltd ICRA A1+ 6.62%

SIDBI CARE A1+ 6.61%

Mahindra & Mahindra Financial Services ICRA A1+ 6.59%

GIC Housing Finance Ltd ICRA A1+ 1.33%

Housing Development Finance Corporation Ltd ICRA A1+ 1.33%

HDB Financial Services Ltd CRISIL A1+ 1.33%

FIXED DEPOSITS 0.27%

HDFC Bank Ltd 0.27%

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

25.62%

Total 100.00%

Scheme Performance as on December 30, 2016*

Period

Peerless Liquid

Fund - Regu-lar Plan-

Growth Op-tion

CRISIL Liquid Fund Index

1 Year Govt. T-Bill

December 31, 2015 to December 30, 2016

7.78% 7.48% 7.27%


8.35% 8.23% 8.22%


9.25% 9.21% 8.56%

Since Inception CAGR % 8.54% 8.05% 6.81%

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

17549.13 17018.16 15720.36

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 December 30, 2016* Average Maturity (Yrs)…………………………………………………………… 0.12 Modified Duration (Yrs)…………………………………………………………… 0.11 # TER - Reg (%)……………………………………………………………………… 0.26 # TER - Direct (%)…………………………………………………………………… 0.16 Portfolio Yield (%)………………………………………………………………….. 6.81

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 assurance that the investment objective will be achieved. The scheme does not assure or guarantee any returns.

Allotment Date 19th February 2010

Fund Size

`470.99Crs (Monthly AAUM for December

2016) `374.77Crs (AUM as on 31 December,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 30-Dec-16 4.84134362 4.48541221 1007.9630

PEERLESS LIQUID FUND-DIRECT MONTHLY DIVI-

DEND 30-Dec-16 4.91638697 4.55493844 1008.0669


MONTHLY DIVIDEND 25-Nov-16 3.91395510 3.62620450 1006.6790


DEND 25-Nov-16 3.96985843 3.67799786 1006.7564


MONTHLY DIVIDEND 28-Oct-16 4.08354297 3.78332441 1006.9138


DEND 28-Oct-16 4.14284094 3.83826285 1006.9959

Scheme Performance vis-a-vis Benchmark (%)

Net Asset Value (NAV) as on December 30, 2016^ (in `)

Plan / Option Regular Plan Direct Plan

Growth 1754.9130 1760.3961

Daily Dividend 1001.2900 1001.2900

Weekly Dividend 1001.1808 1001.1523

Monthly Dividend 1007.9630 1008.0669

Please refer to page no 14 and 15 for statutory details

# - Weighted average for the month * LAST BUSINESS DAY OF THE CALENDER QUARTER

^ LAST BUSINESS DAY OF THE MONTH

Rating Profile (%)

Maturity Profile % Weightage

Below or equal to 91 days 74.38

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

25.62

Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling Face Value changed from `10/- to `1000/- with effect from 21st September 2014.

6

ULTRA SHORT TERM FUND (an open ended debt scheme)








ICICI Bank Ltd ICRA A1+ 15.27%

Andhra Bank ICRA A1+ 9.17%


Piramal Enterprises Ltd ICRA A1+ 7.64%

Cholamandalam Investment and Finance Company Ltd ICRA A1+ 7.62%

NON-CONVERTIBLE DEBENTURE / ZCB 39.24%

Power Finance Corporation Ltd CRISIL AAA 15.65%

Power Grid Corporation of India Ltd CRISIL AAA 7.97%

Rural Electrification Corporation Ltd CRISIL AAA 7.84%

LIC Housing Finance Ltd CRISIL AAA 7.78%

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

21.06%

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

`70.35Crs (Monthly AAUM for December,2016) `64.72Crs (AUM as on 31 December, 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

30-Dec-16 3.63216829 3.36513441 1006.0698

PEERLESS ULTRA SHORT TERM FUND-DIRECT MONTHLY

30-Dec-16 3.68353784 3.41272731 1020.3183


25-Nov-16 4.85600560 4.49899625 1008.6815


25-Nov-16 4.92180396 4.55995717 1022.3640


28-Oct-16 4.85152755 4.49484743 1007.6628


28-Oct-16 4.91494244 4.55360011 1020.8615

Scheme Performance as on December 30*, 2016

Period

Peerless Ultra Short

Term Fund – Regular

Plan-Growth Option

CRISIL Liquid Fund Index

1 Year Govt. T-Bill


7.73% 7.48% 7.27%


7.86% 8.23% 8.22%


9.12% 9.21% 8.56%



17513.52 17018.16 15720.36

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 December 30, 2016* Average Maturity (Yrs)................................................................................... 0.46 Modified Duration (Yrs).................................................................................. 0.43 # TER - Reg (%) ....................................................................................... 0.88 # TER - Direct (%) ....................................................................................... 0.22 Portfolio Yield (%) ....................................................................................... 6.57

Asset Allocation




Growth 1751.3524 1787.7683

Daily Dividend 1005.4600 1006.6500

Weekly Dividend 1004.1420 1005.8772



# - Weighted average for the month

* LAST BUSINESS DAY OF THE CALENDER QUARTER



Below 1 Year 63.11

Above 1 Year 15.83


21.06

Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling Face Value changed from ` 10/- to ` 1000/- with effect from 22nd September 2014.

Rating Profile (%)

7

SHORT TERM FUND (an open ended debt scheme)








Andhra Bank ICRA A1+ 6.39%


Piramal Enterprises Ltd ICRA A1+ 7.98%



Power Grid Corporation of India Ltd CRISIL AAA 8.37%

TATA Capital Financial Services Ltd CRISIL AA+ 8.12%

Fullerton India Credit Company Ltd CARE AAA 8.10%


TATA Capital Housing Finance Ltd CRISIL AA+ 7.49%

Housing Development Finance Corporation Ltd CRISIL AAA 6.54%


HDFC Bank Ltd 1.61%

Mutual Fund Units 8.43%

GOVERNMENT SECURITIES 8.49%

7.68% GOI 15/12/2023 Sovereign 5.12%

7.80% GOI 11/04/2021 Sovereign 3.37%


11.99%

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

`61.98Crs (Monthly AAUM for December, 2016)

`61.98Crs (AUM as on 31 December, 2016)

Asset Allocation Pattern

Money Market and debt securities with residual maturity of less than or equal to 3 years: 80% to 100% Debt Instruments with residual maturity greater than 3 years: 0% to 20%

Scheme Features Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of ` 1/- thereafter Benchmark : CRISIL Short Term 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 SHORT TERM FUND-MONTHLY DIVI-

DEND 13-Dec-16 0.05207532 0.04824679 10.8176

PEERLESS SHORT TERM FUND-DIRECT MONTHLY

DIVIDEND 13-Dec-16 0.05366430 0.04971895 11.1501


DEND 10-Nov-16 0.05200309 0.04817987 10.8157


DIVIDEND 10-Nov-16 0.05359208 0.04965203 11.1390


DEND 10-Oct-16 0.05214755 0.04831370 10.8340


DIVIDEND 10-Oct-16 0.05366430 0.04971895 11.1492

Dividend History (Quarterly)


Date

Net Dividend ( ` per unit) Cum Dividend


HUF Corporate

PEERLESS SHORT TERM FUND - REGULAR

QUARTERLY DIVIDEND 26-Oct-16 0.15954838 0.14781852 11.0568

PEERLESS SHORT TERM FUND - DIRECT

QUARTERLY DIVIDEND 26-Oct-16 0.16503760 0.15290418 11.4389

PEERLESS SHORT TERM FUND - REGULAR

QUARTERLY DIVIDEND 20-Jun-16 0.15745381 0.14587794 10.9409

PEERLESS SHORT TERM FUND - DIRECT

QUARTERLY DIVIDEND 20-Jun-16 0.16222076 0.15029443 11.2776

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


Period

Peerless Short Term Fund - Regular Plan-

Growth Option

CRISIL Short Term Bond Fund

Index

1 Year Govt. T-Bill

December 31, 2015 to De-cember 30, 2016

7.84% 9.83% 7.27%


8.02% 8.66% 8.22%


9.21% 10.47% 8.56%



17717.50 17096.32 15612.78

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 December 30, 2016* Average Maturity (Yrs) .................................................................... 2.15 Modified Duration (Yrs)..................................................................... 1.72 # TER - Reg (%).................................................................................. 1.26 # TER - Direct (%)............................................................................... 0.40 Portfolio Yield (%).............................................................................. 7.10

Asset Allocation




Below 1 Year 24.08

Above 1 Year 55.49


11.99

Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling


# - Weighted average for the month * LAST BUSINESS DAY OF THE CALENDER QUARTER



Growth 17.7175 18.3273


Quarterly Dividend 10.9647 11.3639

Bonus 13.2794 18.3440

Rating Profile (%)

8

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


12.74% 12.93% 14.97%


6.32% 8.63% 7.39%


6.13% 14.31% 14.14%



13762.30 15050.91 14590.12

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 December 30, 2016* Average Maturity (Yrs) .................................................................................... 7.69 Modified Duration (Yrs) .................................................................................... 5.45 # TER - Reg (%) ..................................................................................... 1.68 # TER - Direct (%) ....................................................................................... 0.57 Portfolio Yield (%) ..................................................................................... 6.53

Asset Allocation

Rating Profile (%)


Below 1 Year 3.60

Above 1 Year 88.55


7.85




Growth 13.7623 14.3495










6.97% GOI - 06/09/2026 Sovereign 37.13%

7.59% GOI - 11/01/2026 Sovereign 34.44%

7.80% GOI - 11/04/2021 Sovereign 11.28%

7.68% GOI -15/12/2023 Sovereign 5.70%


HDFC Bank Ltd 3.60%


7.85%

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 `27.89Crs (Monthly AAUM for December,2016)


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

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



HUF Corporate

Peerless Flexible Income Fund-Regular-Monthly

Dividend 10-Jul-13 0.04675609 0.04478483 10.0699

Peerless Flexible Income Fund-Direct Monthly Divi-

dend 10-Jul-13 0.16008741

- 10.2115

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



HUF Corporate

Peerless Flexible Income Fund-Direct Quarterly Divi-

dend 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





9

INCOME PLUS FUND (an open ended debt scheme)




Period Peerless Income

Plus Fund - Regular Plan - Growth Option

CRISIL MIP Blended

Fund Index


December 31, 2015 to December 30,

2016 7.88% 11.55% 14.97%


2015 6.70% 6.79% 7.39%


2014 12.99% 16.83% 14.14%


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

(in RS.) 16714.60 17165.00 16163.55

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 67.19% on December

31,2016

As on December 30, 2016* Average Maturity for the debt portion (Yrs)…….................................................... 4.94 Modified Duration for the debt portion (Yrs)…….................................................. 3.71 # TER - Reg (%) ....................................................................................... 2.94 # TER - Direct (%) ....................................................................................... 1.33 Portfolio Yield (%) ....................................................................................... 7.09

Asset Allocation

Rating Profile (%)- Debt


Above 1 Year 70.77

Below 1 Year 1.29


3.13

Net Asset Value (NAV) as on December 30, 2016^ (in `) (^ LAST BUSINESS DAY OF THE MONTH)


Growth Option 16.7146 17.6638




Portfolio Holdings Rating/Industry % of Net Asset

EQUITY SHARES 19.80%

HDFC Bank Ltd BANKS 1.35%

Infosys Ltd SOFTWARE 1.11%

ITC Ltd CONSUMER NON DURABLES 0.93%

ICICI Bank Ltd BANKS 0.86%

Kotak Mahindra Bank Ltd BANKS 0.86%

IndusInd Bank Ltd BANKS 0.77%

AIA Engineering Ltd INDUSTRIAL PRODUCTS 0.65%

Ultratech Cement Ltd CEMENT 0.63%

Asian Paints Ltd CONSUMER NON DURABLES 0.62%

Titan Company Ltd CONSUMER DURABLES 0.61%

Bajaj Auto Ltd AUTO 0.61%

Eicher Motors Ltd AUTO 0.59%

Nestle India Ltd CONSUMER NON DURABLES 0.58%

Bosch Ltd AUTO ANCILLARIES 0.58%

Indraprastha Gas Ltd GAS 0.57%

Castrol India Ltd PETROLEUM PRODUCTS 0.56%

Bharat Electronics Ltd INDUSTRIAL CAPITAL GOODS 0.53%

Suprajit Engineering Ltd AUTO ANCILLARIES 0.52%

Sundaram Finance Ltd FINANCE 0.51%

Shree Cements Ltd CEMENT 0.48%

Motherson Sumi Systems Ltd AUTO ANCILLARIES 0.48%

Oracle Financial Services Software Ltd SOFTWARE 0.48%

Pidilite Industries Ltd CHEMICALS 0.46%

Bata India Ltd CONSUMER DURABLES 0.45%

Housing Development Finance Corporation Ltd FINANCE 0.44%

Repco Home Finance Ltd FINANCE 0.43%

Canara Bank BANKS 0.43%

Steel Authority of India Ltd FERROUS METALS 0.40%

Havells India Ltd CONSUMER DURABLES 0.40%

Jyothy Laboratories Ltd CONSUMER NON DURABLES 0.39%

Bharat Petroleum Corporation Ltd PETROLEUM PRODUCTS 0.39%

Engineers India Ltd CONSTRUCTION PROJECT 0.35%

Cummins India Ltd INDUSTRIAL PRODUCTS 0.32%

Swaraj Engines Ltd INDUSTRIAL PRODUCTS 0.28%

NMDC Ltd MINERALS/MINING 0.18%


Indian Railway Finance Corporation Ltd CRISIL AAA 6.65%





L&T Infrastructure Finance Co Ltd CARE AA+ 5.15%

TATA Capital Financial Services Ltd [ICRA]AA+ 4.56%


HDFC Bank Ltd 1.29%

MUTUAL FUND UNITS 5.00%


6.97% GOI - 06/09/2026 Sovereign 10.63%

7.59% GOI - 11/01/2026 Sovereign 6.85%

7.68% GOI - 15/12/2023 Sovereign 6.80%

6.84% GOI - 19/12/2022 Sovereign 6.55%


3.13%

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 ` 77.67Crs (Monthly AAUM for December, 2016)

` 77.72Crs (AUM as on 31 December, 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/- thereafter Benchmark : CRISIL MIP Blended Fund Index

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




Date


Nav (in `) Individual/HUF Corporate

PEERLESS INCOME PLUS FUND- REGULAR QUAR-

TERLY DIVIDEND 26-Oct-16

0.18750005

0.17371520 11.4957

PEERLESS INCOME PLUS FUND- DIRECT QUARTERLY

DIVIDEND 26-Oct-16

0.19977855

0.18509101 12.2568


TERLY DIVIDEND 20-Jun-16

0.18107188

0.16775964 11.2009

PEERLESS INCOME PLUS FUND- DIRECT QUAR-

TERLY DIVIDEND 20-Jun-16

0.19219477

0.17806478 11.8977


TERLY 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 Dividend History (Monthly)


Date



HUF Corporate

PEERLESS INCOME PLUS FUND-

MONTHLY DIVIDEND 30-Dec-16

0.05709572

0.05289809 10.5713


DIRECT MONTHLY DIVIDEND 30-Dec-16

0.06096844

0.05648609 11.2887


MONTHLY DIVIDEND 25-Nov-16

0.05807012

0.05380086 10.7407


DIRECT MONTHLY DIVIDEND 25-Nov-16

0.06197035

0.05741435 11.4585


MONTHLY DIVIDEND 28-Oct-16

0.05835903

0.05406852 10.7862


DIRECT MONTHLY DIVIDEND 28-Oct-16

0.06218703

0.05761510 11.4972

Please refer to page no. 11 for tax on dividend distribution, Please refer to page no. 16 for Product Labeling

10

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)


December 31, 2015 to December 30, 2016 7.80% 11.59% 14.97%




Current Value of investment if Rs 10000/-

was invested on Inception date (in RS.) 15600.60 15,765.00 15527.72


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 47.29% as on December 31,

2016

As on December 30, 2016* Average Maturity for the debt portion (Yrs) ........................................................ 3.89 Modified Duration for the debt portion (Yrs) ........................................................ 2.92 # TER - Reg (%) ....................................................................................... 2.49 # TER - Direct (%) ....................................................................................... 0.70 Portfolio Yield (%) ....................................................................................... 7.11

Asset Allocation

Rating Profile (%)- Debt


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

`23.28Crs(Monthly AAUM for December, 2016)



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 Rating/Industry % of Net Assets






































TATA Capital Financial Services Ltd ICRA AA+ 6.49%





L&T Infrastructure Finance Co. Ltd CARE AA+ 4.28%

TATA Capital Housing Finance Ltd CRISIL AA+ 2.21%

MUTUAL FUND UNITS 20.14%

Reliance Shares Gold BeES 20.14%


6.97% GOI - 06/09/2026 Sovereign 8.83%

7.59% GOI - 11/01/2026 Sovereign 4.55%

7.68% GOI - 15/12/2023 Sovereign 2.26%


13.54%

Total 100.00%


# Weighted average for the month

(*LAST BUSINESS DAY OF THE CALENDER QUARTER)




Date

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

PEERLESS 3 IN 1 FUND-REGULAR QUARTERLY

DIVIDEND 26-Oct-16

0.26073774

0.24156852 15.9151

PEERLESS 3 IN 1 FUND-DIRECT QUARTERLY

26-Oct-16

0.26796039

0.24826017 16.3614


Below 1 Year 0.00

Above 1 Year 46.19


13.55

Net Asset Value (NAV) as on December 30, 2016 ^(in `) (^ LAST BUSINESS DAY OF THE MONTH)






11

EQUITY FUND (an open ended equity scheme)


Period

Peerless Equity Fund – Regular

Plan-Growth Option

NIFTY 50 NIFTY 50


December 31, 2014 to December 31, 2015 5.23% -4.06% -4.06%



Current Value of investment if Rs 10000/-

was invested on Inception date (in RS.) 17246.5 16550.68 16550.68

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.

Risk Measures Dec 2016

Standard Deviation*(%) …………………………………………………………………………….. 12.79

Benchmark Standard Deviation* (%)………………………………………………………………. 14.24

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

Beta ............................................................................................................................. ........................... 0.83

# TER - Reg (%).................................................................................................................................... 3.40

# TER - Direct (%)............................................................................................................................... 1.99

Portfolio Turnover Ratio (Times) ....................................................................................................... 1.00 (*LAST BUSINESS DAY OF THE CALENDER QUARTER)

Asset Allocation


Key Scheme Information Investment Objective

To generate long term capital appreciation by investing in an actively managed portfolio predomi-nantly 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

`93.47Crs (Monthly AAUM for December, 2016)



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 Industry % of Net Assets






































4.17%

Total 100.00%

SIP Returns

SIP Tenure (in years) 3

Investment Amount 10000.00

Start Date 1– Jan-2014

End Date 1-Jan-2017

Total no of Installments 36

Total Amount Invested (Rs) 3,60,000.00

Present value (Rs) 3,97,619.5288

Total No Units 23,055.08

CAGR (%) 6.84

XIRR(%) 6.92

Yield (%) 10.45


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 56.05% as on December 31, 2016.

*Statistical returns based on monthly returns over the past 3 year data as on December 30, 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 Funds 28.84% 34.608%

Debt Funds 28.84% 34.608%

Equity Funds Nil Nil

@rates are inclusive of surcharge and cess.

Dividend History


Date



HUF Corporate

PEERLESS EQUITY FUND-

NORMAL DIVIDEND 16-Nov-15 2.50000000 2.50000000 15.1693


DIRECT DIVIDEND 16-Nov-15 2.50000000 2.50000000 15.6576

PEERLESS EQUITY FUND - REGULAR QUARTERLY DIVI-

DEND 26-Oct-16 0.50000000 0.50000000 14.7746

PEERLESS EQUITY FUND-DIRECT QUARTERLY DIVI-

DEND 26-Oct-16 0.60000000 0.60000000 14.8296


DEND 20-Jun-16 0.40000000 0.40000000 14.1137

PEERLESS EQUITY FUND - DIRECT QUARTERLY DIVI-

DEND 20-Jun-16 0.50000000 0.50000000 14.2015


DEND 28-Mar-16 1.85000000 1.85000000 14.6240

PEERLESS EQUITY FUND - DIRECT QUARTERLY DIVI-

DEND 28-Mar-16 2.35000000 2.35000000 15.1525

PEERLESS EQUITY FUND-DIRECT HALF YEARLTY

DIVIDEND 26-Oct-16 1.00000000 1.00000000 17.4467

PEERLESS EQUITY FUND- REGULAR HALF YEARLY

DIVIDEND 26-Oct-16 1.00000000 1.00000000 17.4268


REGULAR YEARLY DIVIDEND 26-Oct-16 1.50000000 1.50000000 17.3879

Net Asset Value (NAV) as on December 30, 2016^ (in `) (^LAST BUSINESS DAY OF THE CALENDER QUARTER)


Growth 17.2465 18.1420

Normal Dividend 13.4919 14.1748

* Quarterly Dividend 13.2076 13.1930

* Half Yearly Dividend 15.1979 15.2417

* Yearly Dividend 14.6982 16.1254

Please refer to page no. 16 for Product Labeling * Introduced from November 2, 2015

12

MIDCAP FUND (an open ended equity scheme)




Dividend Option 11.4090 11.5573


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 objec-tive of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Allotment Date 7th December, 2015

Fund Size

`57.83Crs (Monthly AAUM for December, 2016) `58.50 Crs (AUM as on 31 December, 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.







Colgate Palmolive Ltd CONSUMER NON DURABLES 3.71%

Karur Vysya Bank Ltd BANKS 3.56%




Mahanagar Gas Ltd GAS 3.23%

Relaxo Footwears Ltd CONSUMER DURABLES 3.09%

eClerx Services Ltd SOFTWARE 2.92%

TTK Prestige Limited CONSUMER DURABLES 2.85%

Sundaram Fasteners Ltd AUTO ANCILLARIES 2.70%


Berger Paints CONSUMER NON DURABLES 2.59%




P I Industries Ltd PESTICIDES 2.56%


Nesco Ltd COMMERCIAL SERVICES 2.46%

Triveni Turbine Ltd INDUSTRIAL CAPITAL GOODS 2.44%

Britannia Industries Ltd CONSUMER NON DURABLES 2.37%



Supreme Industries Ltd INDUSTRIAL PRODUCTS 2.23%


V Guard Industries Ltd INDUSTRIAL CAPITAL GOODS 2.15%


City Union Bank Ltd BANKS 1.99%

Bajaj Finance Ltd FINANCE 1.94%


Amara Raja Batteries Ltd AUTO ANCILLARIES 1.79%

The Ramco Cements Ltd CEMENT 1.71%



6.83%

Total 100.00%




(*LAST BUSINESS DAY OF THE CALENDER QUARTER)


Period

Peerless Midcap Fund – Regular

Plan-Growth Option

NIFTY MIDCAP

100 NIFTY 50


11.89% 7.13% 3.01%


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

Inception date (in Rs.) 11410.40 10886.29 10541.38

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.

Dec 2016 # TER - Reg (%)................................................................................................................................3.40 # TER - Direct (%)........................................................................................................................... 1.23 Portfolio Turnover Ratio (Times) ................................................................................................. 1.22

SIP Returns



Start Date 1 -Jan-2016

End Date 1-Jan -2017


Total Amount Invested (Rs) 1,20,000

Present value (Rs) 1,25,645.14

Total No Units 11011.46

CAGR (%) 9.60

XIRR(%) 8.77

Yield (%) 6.53


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 Midcap Fund - Percentage contribution of B15 cities to AUM is 33.62% as on December 31, 2016.

Asset Allocation

(^ LAST BUSINESS DAY OF THE MONTH)









Mahanagar Gas Ltd GAS 3.64%







Colgate Palmolive Ltd CONSUMER NON DURABLES 2.79%


eClerx Services Ltd SOFTWARE 2.77%

Berger Paints CONSUMER NON DURABLES 2.59%

P I Industries Ltd PESTICIDES 2.56%



Sundaram Fasteners Ltd AUTO ANCILLARIES 2.41%


Britannia Industries Ltd CONSUMER NON DURABLES 2.40%

Supreme Industries Ltd INDUSTRIAL PRODUCTS 2.37%




V Guard Industries Ltd INDUSTRIAL CAPITAL GOODS 2.09%



Amara Raja Batteries Ltd AUTO ANCILLARIES 2.01%




TTK Prestige Limited CONSUMER DURABLES 1.77%

The Ramco Cements Ltd CEMENT 1.69%


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

5.83%

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 deduc-tion (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

`19.15Crs (Monthly AAUM for December 2016) `19.48Crs (AUM as on 31st December 2016)

Asset Allocation Pattern Equity and Equity Related Instru-ments: 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.

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



Period

Peerless Long Term Advantage Fund– Regular

Plan-Growth Op-tion

S&P BSE 100

NIFTY 50


7.60% 3.57% 3.01%


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

10822.40 10417.63 10366.69


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.

SIP Returns



Start Date 1 -Jan-2016

End Date 1-Jan -2017


Total Amount Invested (Rs) 1,20,000

Present value (Rs) 122631.65

Total No Units 11331.28

CAGR (%) 4.42

XIRR(%) 4.06

Yield (%) 3.07


Past performance may or may not be sustained in the future. Assuming ` 10,000 invested systemati-

cally 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 invest-ment 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 forecast-ing any returns. SIP does not assure a profit or guarantee protection against a loss in a declining mar-ket.

Peerless Long Term Advantage Fund - Percentage contribution of B15 cities to AUM is 53.05% as on

December 31,2016

Asset Allocation




Dividend Option 10.8229 10.9710


*LAST BUSINESS DAY OF THE CALENDER QUARTER

^ LAST BUSINESS DAY OF THE CALENDER QUARTER

Dec 2016 #TER - Regular (%)......................................................................................................... ………... 3.17 #TER - Direct (%)........................................................................................................................... 1.57 Portfolio Turnover Ratio (Times)……... ……………………………………………………. ……….. 0.67



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g liq

uid

ity b

y

inve

stin

g in

de

bt in

str

um

en

ts in

clu

din

g b

on

ds,

de

ben

ture

s

an

d G

ove

rnm

en

t se

curi

ties a

nd m

on

ey m

ark

et

instr

um

en

ts

ove

r vari

ou

s p

eri

od

s.

Ho

weve

r th

ere

is n

o a

ssu

ran

ce

or

gu

ara

nte

e t

ha

t th

e inve

stm

en

t o

bje

ctive

of

the s

ch

em

e w

ill b

e

ach

ieved

. T

he

sche

me

do

es n

ot

assure

or

gua

rante

e a

ny

retu

rns

CR

ISIL

Co

m-

po

site

Bo

nd

Fu

nd

In

de

x

Mr. K

illol P

an

dya

Re

gu

lar/

Dir

ect

Gro

wth

/Mo

nth

ly D

ivi-

de

nd

/Qu

art

erl

y

Div

ide

nd

Ye

s

`

10

00

/-

Mu

ltip

les o

f `

1/-

th

ere

after

`

10

0/-

M

ultip

les o

f ` 1

/-

th

ere

afte

r N

il

Pe

erl

ess

Inco

me

Plu

s

Fu

nd

An

Op

en

En

de

d

Deb

t S

ch

em

e

29

th J

uly

, 2

01

0

To

ge

ne

rate

re

gula

r In

co

me

th

rou

gh

a p

ort

folio

of

pre

do

mi-

na

ntly h

igh

qua

lity f

ixe

d inco

me

se

cu

ritie

s a

nd w

ith

th

e

ma

rgin

al exp

osure

to

eq

uity a

nd

eq

uity r

ela

ted

se

cu

ritie

s.

Ho

we

ve

r, t

he

re is n

o a

ssura

nce

or

gua

ran

tee

th

at

the

in

ve

stm

en

t o

bje

ctive

of

the

sch

em

e w

ill b

e a

ch

ieve

d.

The

sch

em

e d

oe

s n

ot

assu

re o

r g

ua

ran

tee

any r

etu

rns

Cri

sil

MIP

B

len

de

d

Fu

nd

Ind

ex

Mr. K

illol P

an

dya

& M

r. A

mit N

iga

m

Re

gu

lar/

Dir

ect

Gro

wth

/Mo

nth

ly D

ivi-

de

nd

/Qu

art

erl

y

Div

ide

nd

Ye

s

` 1

000

/-

Mu

ltip

les o

f ` 1

/- th

ere

afte

r `

10

0/-

M

ultip

les o

f ` 1

/-

th

ere

afte

r N

il

Pe

erl

ess 3

in

1

Fu

nd

An

Op

en

E

nd

ed

H

ybri

d S

ch

em

e

05

th A

pril, 2

01

1

Th

e in

ve

stm

en

t o

bje

ctive

of th

e s

ch

em

e is t

o g

en

era

te lo

ng

te

rm c

ap

ital a

ppre

cia

tio

n th

roug

h a

po

rtfo

lio o

f fixe

d in

co

me

se

cu

ritie

s,

Gold

ET

Fs o

f o

ther

mu

tua

l fu

nd

s a

nd

gold

re

late

d

instr

um

en

ts a

nd

Eq

uity &

Eq

uity r

ela

ted I

nstr

um

en

ts.

Ho

w-

eve

r th

ere

ca

n b

e n

o a

ssu

ran

ce

th

at th

e in

ve

stm

en

t o

bje

ctive

of

the

sch

em

e w

ill b

e a

ch

ieve

d

Cri

sil

MIP

B

len

de

d F

und

In

dex +

Pri

ce

o

f G

old

in

the

ra

tio

85

:15

Mr. K

illol P

an

dya

& M

r. A

mit N

iga

m

Re

gu

lar/

Dir

ect

Gro

wth

/Mo

nth

ly D

ivi-

de

nd

/Qu

art

erl

y

Div

ide

nd

Ye

s

` 1

000

/-

Mu

ltip

les o

f `

1/-

th

ere

after

`

10

0/-

M

ultip

les o

f ` 1

/-

the

rea

fte

r N

il

Pe

erl

ess

Eq

uity

Fu

nd

An

Op

en

En

de

d

Eq

uity S

ch

em

e

28

th S

ep

tem

be

r,

20

11

To

g

en

era

te lo

ng

te

rm

ca

pital

ap

pre

cia

tio

n b

y in

vestin

g i

n

an

actively

ma

na

ge

d p

ort

folio

pre

do

min

ante

ly c

on

sis

tin

g o

f e

qu

ity a

nd

eq

uity r

ela

ted

sce

na

rio.

Ho

we

ver

the

re is n

o

assu

ran

ce

or

gu

ara

nte

e t

ha

t th

e inve

stm

en

t ob

jective

of

the

sch

em

e w

ill b

e a

chie

ve

d. T

he

sche

me

do

es n

ot

assu

re o

r g

ua

ran

tee a

ny r

etu

rns

NIF

TY

50

In

dex

Mr. A

mit N

iga

m

Re

gu

lar/

Dir

ect

Gro

wth

/No

rma

l D

ivid

en

d/

Qu

art

erl

y D

ivid

en

d /

Half Y

ea

rly D

ivid

en

d/

Ye

arl

y D

ivid

en

d

Ye

s

` 1

000

/-

Mu

ltip

les o

f ` 1

/- th

ere

afte

r ` 1

/-

Mu

ltip

les o

f `

1/-

t

he

rea

fte

r N

il

Pe

erl

ess L

on

g

Te

rm A

dva

n-

tage

Fu

nd

An

Op

en

En

de

d

Eq

uity L

inke

d

Savin

gs S

ch

em

e

30

th D

ece

mb

er,

20

15

Th

e S

ch

em

e w

ill see

k t

o invest

pre

do

min

antly in

a d

ive

rsifie

d

po

rtfo

lio

of

eq

uity

an

d e

quity r

ela

ted

instr

um

en

ts

w

ith

th

e

ob

jective

t

o

pro

vid

e

inve

sto

rs

with

o

pp

ort

uni-

tie

s fo

r ca

pital

app

recia

tio

n

an

d

inco

me

gen

era

tio

n

a

long

with

th

e

be

nefit

of

in

co

me

t

ax

de

du

ctio

n

(un

de

r

Se

ctio

n 8

0C

o

f

the

In

co

me

T

ax

Act,

1

96

1)

o

n

th

eir

investm

en

ts.

Sp

ecifie

d

Inve

sto

rs

in

the

S

ch

em

e

are

e

ntitle

d

to

de

du

ction

s o

f

the

a

mo

un

t in

ve

ste

d

in

Units

of

th

e

Sch

em

e,

su

bje

ct

to

a

ma

xim

um

o

f `

1,5

0,0

00

/-

un

de

r

an

d

in

term

s o

f

Se

ctio

n

80

C

(

2)

(x

iii)

o

f

the

I

nco

me

T

ax

Act,

1

96

1.

Investm

en

t in

this

sch

em

e w

ou

ld b

e s

ub

ject

to s

tatu

tory

lock-

in p

eri

od

of 3

ye

ars

fro

m t

he

da

te o

f allo

tme

nt

to b

e e

ligib

le fo

r in

co

me

ta

x

be

ne

fit u

nd

er

se

ctio

n 8

0 C

. T

here

ca

n b

e n

o a

ssu

ran

ce

tha

t th

e investm

en

t o

bje

ctive

un

de

r th

e S

ch

em

e w

ill b

e r

ea

lized

.

S&

P B

SE

10

0

Ind

ex

Mr. A

mit N

iga

m

Re

gu

lar/

Dir

ect

Gro

wth

/ D

ivid

en

d

No

` 5

00/-

M

ultip

les o

f ` 5

00

/- t

here

aft

er

`

50

0/-

M

ultip

les o

f ` 5

00

/-

the

rea

fte

r N

il

Pe

erl

ess

Mid

ca

p F

un

d

An

Op

en

En

de

d

Eq

uity S

ch

em

e

07

th D

ece

mb

er,

20

15

Th

e inve

stm

en

t o

bje

ctive

of

the s

ch

em

e i

s t

o g

en

era

te

me

diu

m t

o lon

g-t

erm

ca

pital ap

pre

cia

tion

by inve

stin

g p

re-

do

min

an

tly in

equity a

nd

eq

uity r

ela

ted

se

cu

rities o

f m

id c

ap

co

mp

an

ies.

Ho

we

ver, t

here

is n

o a

ssu

ran

ce

or

gu

ara

nte

e t

ha

t th

e investm

en

t o

bje

ctive

of

the

Sch

em

e w

ill b

e a

chie

ve

d.

Th

e

Sch

em

e d

oe

s n

ot

assu

re o

r g

ua

ran

tee

any r

etu

rns.

Nifty

Mid

ca

p

10

0

Ind

ex

Mr. A

mit N

iga

m

Re

gu

lar

/ D

ire

ct

Gro

wth

/ D

ivid

en

d

Ye

s

` 1

00

0/-

M

ultip

les o

f ` 1

/- th

ere

afte

r `

100

/-

Mu

ltip

les o

f ` 1

/-

the

rea

fte

r N

il 14

FU

ND

S A

T A

GL

AN

CE

FO

R P

EE

RL

ES

S M

UT

UA

L F

UN

D

Sch

em

e N

am

e

Min

imu

m

Red

em

pti

on

Min

Red

em

pti

on

u

nit

s

Red

em

pti

on

P

ayo

ut

Cycle

S

IP

SIP

Fre

qu

en

cy

SIP

Min

am

t S

IP M

in n

o. o

f C

hq

s

SIP

Sta

rtin

g D

ate

S

WP

S

WP

F

req

uen

cy

SW

P M

in.

Am

t S

WP

Sta

rtin

g D

ate

S

TP

S

TP

Fre

qu

en

cy

ST

P M

in A

mt

ST

P S

tart

ing

Date

Peerl

ess L

iqu

id

Fu

nd

` 1

000/-

an

d in

mu

ltip

les

of

` 1

/- t

here

aft

er

or

acco

un

t b

ala

nce w

hic

hever

is lo

wer

NA

T

+1

Yes

Fo

rtn

igh

tly

Mo

nth

ly, Q

uart

erl

y

& H

alf

Yearl

y

Fo

rtn

igh

tly- ` 5

00

Mo

nth

ly- `

500

Qu

art

erl

y-

` 1

000

Half

Yearl

y- ` 2

000

Fo

rtn

igh

tly 2

4 in

sta

ll-

men

ts, M

on

thly

12

-in

sta

llm

en

ts,Q

uart

erl

y 4

in

sta

llm

en

ts,H

alf

Yearl

y 2

in

sta

llm

en

ts

Fo

rtn

igh

tly,

every

alt

ern

ate

wed

nesd

ay

1st,

7th

,10th

,15th

, 20th

, 25th

of

every

mo

nth

/ q

uart

er

an

d h

alf

yearl

y

Yes

Mo

nth

ly

an

d Q

uar-

terl

y

Mo

nth

ly-

`

500/-

Qu

art

erl

y-

` 1

500/-

Mo

nth

ly:

5th

of

the

mo

nth

; Q

uart

erl

y 5

th o

f A

pri

l, J

uly

, O

cto

ber,

Jan

uary

Yes

Dail

y,

Weekly

, fo

rtn

igh

tly a

nd

M

on

thly

Dail

y -

` 5

0/-

Fo

rt-

nig

htl

y W

eekly

&

Mo

nth

ly

`

500

Dail

y,

Weekly

(every

Wed

nes-

day)

Fo

rtn

igh

tly (

every

alt

ern

ate

Wed

nesd

ay)

Mo

nth

ly

(as o

n s

pecif

ied

date

s)

Peerl

ess U

ltra

S

ho

rt T

erm

F

un

d

` 1

000/-

an

d in

mu

ltip

les

of

`

1/-

th

ere

aft

er

or

acco

un

t b

ala

nce w

hic

hever

is lo

wer

NA

T

+1

Yes

Fo

rtn

igh

tly

Mo

nth

ly, Q

uart

erl

y

& H

alf

Yearl

y

Fo

rtn

igh

tly- ` 5

00

Mo

nth

ly- `

500

Qu

art

erl

y-

` 1

000

Half

Yearl

y- ` 2

000

Fo

rtn

igh

tly 2

4 in

sta

ll-

men

ts, M

on

thly

12

-in

sta

llm

en

ts,Q

uart

erl

y 4

in

sta

llm

en

ts,H

alf

Yearl

y 2

in

sta

llm

en

ts

Fo

rtn

igh

tly,

every

alt

ern

ate

wed

nesd

ay

1st,

7th

,10th

,15th

, 20th

, 25th

of

every

mo

nth

/ q

uart

er

an

d h

alf

yearl

y

Yes

Mo

nth

ly

an

d Q

uar-

terl

y

Mo

nth

ly-

`

500/-

Qu

art

erl

y-

` 1

500/-

Mo

nth

ly:

5th

of

the

mo

nth

; Q

uart

erl

y 5

th o

f A

pri

l, J

uly

, O

cto

ber,

Jan

uary

Yes

Dail

y,

Weekly

, fo

rtn

igh

tly a

nd

M

on

thly

Dail

y -

` 5

0/-

Fo

rt-

nig

htl

y W

eekly

&

Mo

nth

ly

` 5

00

Dail

y,

Weekly

(e

very

Wed

nesd

ay)

Fo

rt-

nig

htl

y

(every

alt

ern

ate

Wed

nes-

day)

Mo

nth

ly (

as o

n

sp

ecif

ied

d

ate

s)

Peerl

ess S

ho

rt

Term

Fu

nd

` 1

000/-

an

d in

mu

ltip

les

of

` 1

/- t

here

aft

er

100 u

nit

s o

r acco

un

t b

ala

nce w

hic

hever

is

low

er

T+

1

Yes

Fo

rtn

igh

tly

Mo

nth

ly, Q

uart

erl

y

& H

alf

Yearl

y

Fo

rtn

igh

tly- `

500

Mo

nth

ly- `

500

Qu

art

erl

y- `` 1

000

Half

Yearl

y- `

2000

Fo

rtn

igh

tly 2

4 in

sta

ll-

men

ts, M

on

thly

12

-in

sta

llm

en

ts,Q

uart

erl

y 4

in

sta

llm

en

ts,H

alf

Yearl

y 2

in

sta

llm

en

ts

Fo

rtn

igh

tly,

every

alt

ern

ate

wed

nesd

ay

1st,

7th

,10th

,15th

, 20th

, 25th

of

every

mo

nth

/ q

uart

er

an

d h

alf

yearl

y

Yes

Mo

nth

ly

an

d Q

uar-

terl

y

Mo

nth

ly-

` 5

00/-

Qu

art

erl

y-

` 1

500/-

Mo

nth

ly:

5th

of

the

mo

nth

; Q

uart

erl

y 5

th o

f A

pri

l, J

uly

, O

cto

ber,

Jan

uary

Yes

Dail

y,

Weekly

, fo

rtn

igh

tly a

nd

M

on

thly

Dail

y -

` 5

0/-

Fo

rt-

nig

htl

y W

eekly

&

Mo

nth

ly

`

500

Dail

y,

Weekly

(e

very

Wed

nesd

ay)

Fo

rt-

nig

htl

y

(every

alt

ern

ate

Wed

nes-

day)

Mo

nth

ly (

as o

n

sp

ecif

ied

d

ate

s)

Peerl

ess

Fle

xib

le

Inco

me F

un

d

` 1

000/-

an

d in

mu

ltip

les

of

` 1

/- t

here

aft

er

100 u

nit

s o

r acco

un

t b

ala

nce w

hic

hever

is

low

er

T+

1

Yes

Fo

rtn

igh

tly

Mo

nth

ly, Q

uart

erl

y

& H

alf

Yearl

y

Fo

rtn

igh

tly-

`

500

Mo

nth

ly- `

500

Qu

art

erl

y- ` 1

000

Half

Yearl

y- `

2000

Fo

rtn

igh

tly 2

4 in

sta

ll-

men

ts, M

on

thly

12

-in

sta

llm

en

ts,Q

uart

erl

y 4

in

sta

llm

en

ts,H

alf

Yearl

y 2

in

sta

llm

en

ts

Fo

rtn

igh

tly,

every

alt

ern

ate

wed

nesd

ay

1st,

7th

,10th

,15th

, 20th

, 25th

of

every

mo

nth

/ q

uart

er

an

d h

alf

yearl

y

Yes

Mo

nth

ly

an

d Q

uar-

terl

y

Mo

nth

ly-

`

500/-

Qu

art

erl

y-

` 1

500/-

Mo

nth

ly:

5th

of

the

mo

nth

; Q

uart

erl

y 5

th o

f A

pri

l, J

uly

, O

cto

ber,

Jan

uary

Yes

Dail

y,

Weekly

, fo

rtn

igh

tly a

nd

M

on

thly

Dail

y -

` 5

0/-

Fo

rt-

nig

htl

y W

eekly

&

Mo

nth

ly

`

500

Dail

y,

Weekly

(e

very

Wed

nesd

ay)

Fo

rt-

nig

htl

y

(every

alt

ern

ate

Wed

nes-

day)

Mo

nth

ly (

as o

n

sp

ecif

ied

d

ate

s)

Peerl

ess

Inco

me

Plu

s F

un

d

`

1000/-

an

d in

mu

ltip

les

o

f ` 1

/- t

here

aft

er

100 u

nit

s o

r acco

un

t b

ala

nce w

hic

hever

is

low

er

T+

2

Yes

Fo

rtn

igh

tly

Mo

nth

ly, Q

uart

erl

y

& H

alf

Yearl

y

Fo

rtn

igh

tly- `

500

Mo

nth

ly- `

500

Qu

art

erl

y- ` 1

000

Half

Yearl

y- `

2000

Fo

rtn

igh

tly 2

4 in

sta

ll-

men

ts, M

on

thly

12

-in

sta

llm

en

ts,Q

uart

erl

y 4

in

sta

llm

en

ts,H

alf

Yearl

y 2

in

sta

llm

en

ts

Fo

rtn

igh

tly,

every

alt

ern

ate

wed

nesd

ay

1st,

7th

,10th

,15th

, 20th

, 25th

of

every

mo

nth

/ q

uart

er

an

d h

alf

yearl

y

Yes

Mo

nth

ly

an

d Q

uar-

terl

y

Mo

nth

ly-

`

500/-

Qu

art

erl

y-

` 1

500/-

Mo

nth

ly:

5th

of

the

mo

nth

; Q

uart

erl

y 5

th o

f A

pri

l, J

uly

, O

cto

ber,

Jan

uary

Yes

Dail

y,

Weekly

, fo

rtn

igh

tly a

nd

M

on

thly

Dail

y -

` 5

0/-

Fo

rt-

nig

htl

y W

eekly

&

Mo

nth

ly

`

500

Dail

y,

Weekly

(e

very

Wed

nesd

ay)

Fo

rt-

nig

htl

y

(every

alt

ern

ate

Wed

nes-

day)

Mo

nth

ly (

as o

n

sp

ecif

ied

d

ate

s)

Peerl

ess 3

in

1 F

un

d

` 1

000/-

or

acco

un

t b

ala

nce, w

hic

h e

ver

is

low

er

100 u

nit

s o

r acco

un

t b

ala

nce w

hic

hever

is

low

er

T+

3

Yes

Fo

rtn

igh

tly

Mo

nth

ly, Q

uart

erl

y

& H

alf

Yearl

y

Fo

rtn

igh

tly- `

500

Mo

nth

ly- `

500

Qu

art

erl

y- ` 1

000

Half

Yearl

y- `

2000

Fo

rtn

igh

tly 2

4 in

sta

ll-

men

ts, M

on

thly

12

-in

sta

llm

en

ts,Q

uart

erl

y 4

in

sta

llm

en

ts,H

alf

Yearl

y 2

in

sta

llm

en

ts

Fo

rtn

igh

tly,

every

alt

ern

ate

wed

nesd

ay

1st,

7th

,10th

,15th

, 20th

, 25th

of

every

mo

nth

/ q

uart

er

an

d h

alf

yearl

y

Yes

Mo

nth

ly

an

d Q

uar-

terl

y

Mo

nth

ly-

`

500/-

Qu

art

erl

y-

` 1

500/-

Mo

nth

ly:

5th

of

the

mo

nth

; Q

uart

erl

y 5

th o

f A

pri

l, J

uly

, O

cto

ber,

Jan

uary

Yes

Dail

y,

Weekly

, fo

rtn

igh

tly a

nd

M

on

thly

Dail

y -

` 5

0/-

Fo

rt-

nig

htl

y W

eekly

&

Mo

nth

ly

`

500

Dail

y,

Weekly

(e

very

Wed

nesd

ay)

Fo

rt-

nig

htl

y

(every

alt

ern

ate

Wed

nes-

day)

Mo

nth

ly (

as o

n

sp

ecif

ied

d

ate

s)

Peerl

ess E

qu

ity

Fu

nd

`

1000/-

or

acco

un

t b

ala

nce, w

hic

h e

ver

is

low

er

100 u

nit

s o

r acco

un

t b

ala

nce w

hic

hever

is

low

er

T+

3

Yes

Fo

rtn

igh

tly

Mo

nth

ly, Q

uart

erl

y

& H

alf

Yearl

y

Fo

rtn

igh

tly- `

500

Mo

nth

ly- `

500

Qu

art

erl

y- ` 1

000

Half

Yearl

y- `

2000

Fo

rtn

igh

tly 2

4 in

sta

ll-

men

ts, M

on

thly

12

-in

sta

llm

en

ts,Q

uart

erl

y 4

in

sta

llm

en

ts,H

alf

Yearl

y 2

in

sta

llm

en

ts

Fo

rtn

igh

tly,

every

alt

ern

ate

wed

nesd

ay

1st,

7th

,10th

,15th

, 20th

, 25th

of

every

mo

nth

/ q

uart

er

an

d h

alf

yearl

y

Yes

Mo

nth

ly

an

d Q

uar-

terl

y

Mo

nth

ly-

`

500/-

Qu

art

erl

y-

` 1500/-

Mo

nth

ly:

5th

of

the

mo

nth

; Q

uart

erl

y 5

th o

f A

pri

l, J

uly

, O

cto

ber,

Jan

uary

Yes

Dail

y,

Weekly

, fo

rtn

igh

tly a

nd

M

on

thly

Dail

y -

` 5

0/-

Fo

rt-

nig

htl

y W

eekly

&

Mo

nth

ly

`

500

Dail

y,

Weekly

(e

very

Wed

nesd

ay)

Fo

rt-

nig

htl

y

(every

alt

ern

ate

Wed

nes-

day)

Mo

nth

ly (

as o

n

sp

ecif

ied

d

ate

s)

Peerl

ess L

on

g

Term

Ad

van

-ta

ge F

un

d

` 1

000/-

or

acco

un

t b

ala

nce, w

hic

h e

ver

is

low

er

100 u

nit

s o

r acco

un

t b

ala

nce w

hic

hever

is

low

er

T+

3

Yes

Fo

rtn

igh

tly

Mo

nth

ly, Q

uart

erl

y

& H

alf

Yearl

y

Fo

rtn

igh

tly- `

500

Mo

nth

ly- `

500

Qu

art

erl

y- ` 1

000

Half

Yearl

y- `

2000

Fo

rtn

igh

tly 2

4 in

sta

ll-

men

ts,

Mo

nth

ly 1

2 in

sta

llm

en

ts,

Qu

art

erl

y 4

in

sta

llm

en

ts, H

alf

Y

earl

y 2

in

sta

llm

en

ts

Fo

rtn

igh

tly,

every

alt

er-

n

ate

Wed

nesd

ay

1st,

7th

,10th

,15th

, 20th

, 25th

of

every

mo

nth

/

qu

art

er

an

d h

alf

yearl

y

*Yes

Mo

nth

ly

&

Qu

art

erl

y

Mo

nth

ly-

`

500/-

Qu

art

erl

y-

` 1

500/-

Mo

nth

ly:

5th

of

the

mo

nth

; Q

uart

erl

y 5

th o

f A

pri

l, J

uly

, O

cto

ber,

Jan

uary

*Yes

Dail

y,

Weekly

, fo

rtn

igh

tly a

nd

M

on

thly

Dail

y -

` 50/-

each

F

ort

nig

htl

y W

eekly

&

Mo

nth

ly

`

500 e

ach

Dail

y,

Weekly

(e

very

Wed

nesd

ay)

Fo

rt-

nig

htl

y

(every

alt

ern

ate

Wed

nes-

day)

Mo

nth

ly (

as o

n

sp

ecif

ied

d

ate

s)

Peerl

ess

Mid

cap

Fu

nd

` 1

000/-

or

acco

un

t b

ala

nce, w

hic

h e

ver

is

low

er

100 u

nit

s o

r acco

un

t b

ala

nce w

hic

hever

is

low

er

T+

3

Yes

Fo

rtn

igh

tly

Mo

nth

ly, Q

uart

erl

y

& H

alf

Yearl

y

Fo

rtn

igh

tly- `

500

Mo

nth

ly- `

500

Qu

art

erl

y- ` 1

000

Half

Yearl

y- `

2000

Fo

rtn

igh

tly 2

4 in

sta

ll-

men

ts,

Mo

nth

ly 1

2 in

sta

llm

en

ts,

Qu

art

erl

y 4

in

sta

llm

en

ts, H

alf

Y

earl

y 2

in

sta

llm

en

ts

Fo

rtn

igh

tly,

every

alt

er-

n

ate

Wed

nesd

ay

1st,

7th

,10th

,15th

, 20th

, 25th

of

every

mo

nth

/

qu

art

er

an

d h

alf

yearl

y

Yes

Mo

nth

ly

&

Qu

art

erl

y

Mo

nth

ly-

`

500/-

Qu

art

erl

y-

` 1

500/-

Mo

nth

ly:

5th

of

the

mo

nth

; Q

uart

erl

y 5

th o

f A

pri

l, J

uly

, O

cto

ber,

Jan

uary

Yes

Dail

y,

Weekly

, fo

rtn

igh

tly a

nd

M

on

thly

Dail

y -

` 50/-

each

F

ort

nig

htl

y W

eekly

&

Mo

nth

ly

`

500 e

ach

Dail

y,

Weekly

(every

Wed

nes-

day)

Fo

rtn

igh

tly(e

very

alt

er-

nate

Wed

nesd

ay)M

on

thly

(as

on

sp

ecif

ied

date

s)

Note

: T

he T

ruste

e w

ill e

nde

avo

r to

de

cla

re t

he

Div

iden

d a

s p

er

the s

pe

cifie

d f

req

uen

cie

s,

su

bje

ct

to a

va

ilab

ility

of

dis

trib

uta

ble

su

rplu

s c

alc

ula

ted

in

accord

an

ce

with

th

e R

eg

ula

tio

ns.

Th

e a

ctu

al

de

cla

ratio

ns o

f D

ivid

en

d a

nd

fre

qu

en

cy w

ill inte

r-a

lia d

ep

en

d o

n a

vaila

bili

ty o

f d

istr

ibu

table

su

rplu

s

ca

lcula

ted

in a

ccord

an

ce

with S

EB

I (M

F)

Reg

ula

tio

ns a

nd t

he d

ecis

ion

s o

f th

e T

ruste

e s

ha

ll b

e f

inal

in t

his

reg

ard

. T

he

re i

s n

o a

ssu

ran

ce

or

gua

ran

tee

to

th

e U

nit h

old

ers

as t

o t

he

ra

te o

f D

ivid

en

d n

or

tha

t th

e D

ivid

en

d w

ill b

e p

aid

re

gula

rly.

Div

ide

nd p

aya

ble

un

de

r D

ivid

end

Pa

yo

ut

op

tio

n

(Wee

kly

Op

tion

) is

eq

ual to

or

less t

ha

n `

500

th

en

the

Div

ide

nd

wo

uld

be c

om

pu

lso

rily

rein

ve

ste

d in t

he o

ptio

n o

f th

e S

ch

em

e.

In c

ase

an inve

sto

r fa

ils t

o s

pe

cify h

is p

refe

ren

ce o

f P

lans/S

ub

Pla

ns/O

ptio

ns in

th

e b

elo

w m

en

tio

ned

sch

em

es,

the

de

fault P

lan

/Su

b P

lan

/Op

tio

ns w

ou

ld b

e a

s a

bo

ve

. *

SW

P/S

TP

availa

ble

only

aft

er

co

mp

letio

n o

f sta

tuto

ry lo

ck-i

n p

eri

od

of 3

ye

ars

fro

m t

he

da

te o

f in

ve

stm

en

t b

y t

he

in

ve

sto

r.

Any in

form

ation

here

in c

onta

ined

do

es n

ot

con

stitu

te a

nd

sh

all

be

de

em

ed

no

t to

con

stitu

te a

n a

dvic

e,

an

offe

r to

sell/

purc

ha

se

or

as a

n invita

tio

n o

r solic

ita

tio

n t

o d

o s

o f

or

any s

ecu

ritie

s o

f a

ny e

ntity

, a

nd

fu

rth

er, P

ee

rle

ss F

un

ds M

an

ag

em

en

t C

o.

Ltd

. (P

FM

CL).

Its

su

bsid

iaries /

affili

ate

s/ sp

on-

so

rs / tru

ste

e (

Pe

erl

ess F

un

ds M

an

ag

em

en

t C

o L

td. G

rou

p)

or

their

off

ice

rs,

em

plo

ye

es,

pe

rso

nn

el, d

ire

cto

rs m

ay b

e a

sso

cia

ted in a

co

mm

erc

ial, p

rofe

ssio

nal o

r p

ers

on

al ca

pa

city o

r m

ay h

ave a

co

mm

erc

ial in

tere

st in

clu

din

g a

s p

rop

rieta

ry t

rad

ers

in o

r w

ith s

ecu

ritie

s a

nd /

or

co

mp

an

ies o

r is

su

es

or

ma

tte

rs a

s c

onta

ine

d in

this

pu

blic

atio

n a

nd s

uch

co

mm

erc

ial cap

acity o

r in

tere

st

wh

eth

er

or

not

diffe

ring

with

or

co

nflic

ting

with

this

pub

lica

tio

n,

sh

all

no

t m

ake

or

ren

de

r (P

FM

CL

Gro

up

) lia

ble

in a

ny m

an

ne

r w

ha

tso

eve

r &

(P

FM

CL

Gro

up

) o

r a

ny o

f th

eir

offic

ers

, e

mp

loyee

s,

pe

rso

nnel, d

ire

c-

tors

sh

all

no

t b

e lia

ble

fo

r a

ny lo

ss,

da

ma

ge

, lia

bili

ty w

ha

tso

eve

r fo

r a

ny d

ire

ct

or

indir

ect

loss a

risin

g f

rom

th

e u

se

or

acce

ss o

f a

ny i

nfo

rma

tio

n t

hat

may b

e d

isp

laye

d in

this

pu

blic

ation

fo

rm t

ime

to

tim

e.

Re

cip

ien

ts o

f th

e in

form

atio

n c

on

tain

ed

here

in s

ho

uld

exe

rcis

e d

ue

care

an

d c

au

tio

n a

nd

rea

d t

he S

ch

em

e i

nfo

rma

tio

n D

ocu

me

nt(

s)

and

Sta

tem

en

t o

f A

dditio

nal in

form

atio

n (

inclu

din

g i

f n

ece

ssa

ry,

ob

tain

ing

th

e a

dvic

e o

f ta

x/

lega

l/a

cco

un

ting

/ fina

ncia

l/ o

ther

pro

fessio

nals

) p

rior

to t

akin

g o

f a

ny d

ecis

ion

, a

ctin

g o

r o

mittin

g to

act,

on t

he b

asis

of

the i

nfo

rma

tion

con

tain

ed

he

rein

. T

he

pri

ntin

g a

nd

ma

iling

cost

this

ne

wsle

tter

is c

harg

ed

to

th

e r

espe

ctive s

ch

em

es s

ub

ject

to S

ecu

rities &

Exc

ha

ng

e B

oa

rd o

f In

dia

(M

utu

al F

und

s)

Re

gu

latio

ns, 1

99

6.

CA

RE

Ra

tin

g M

eth

od

olo

gy:

Pe

erl

ess L

iquid

Fun

d,

Pe

erl

ess U

ltra

Sh

ort

Te

rm F

un

d ,

Pee

rless S

hort

Term

Fun

d &

Pe

erl

ess F

lexib

le I

nco

me

Fu

nd h

ave b

een

assig

ne

d “

Cre

dit R

isk R

atin

g A

AA

mfs

” b

y C

AR

E R

ating (

Cre

dit A

naly

sis

an

d R

ese

arc

h L

imite

d)

CA

RE

’s f

un

d c

red

it q

ualit

y r

atin

gs a

re

op

inio

ns o

n t

he o

ve

rall

cre

dit q

ualit

y o

f sp

ecific

de

bt

mu

tua

l fu

nd

. T

he r

atin

g c

ap

ture

s f

un

d’s

ove

rall

exp

osure

to

de

fault r

isk.

CA

RE

use

s t

he

co

ncep

t o

f cre

dit s

core

s,

assig

ne

d t

o in

div

idu

al se

cu

ritie

s, a

s p

er

cre

dit s

co

rin

g m

atr

ix d

eve

lope

d b

y C

AR

E.

The

score

is e

sse

ntially a

fun

ction

of

the c

redit

qu

alit

y a

nd

ratin

g o

f se

cu

rity

an

d its

in

tern

al re

sid

ual m

atu

rity

. T

he

ra

tin

g inclu

de

s a

sse

ssm

en

t o

f va

rio

us q

ualit

ative

fa

cto

rs in

clu

din

g m

an

ag

em

en

t q

ua

lity a

nd

ma

na

ge

me

nt

info

rma

tio

n s

yste

ms a

nd

ris

k m

an

ag

em

en

t syste

ms in

va

rio

us o

pe

ratio

nal are

as.

CA

RE

re

vie

ws t

he

rela

ted

mu

tua

l fu

nd

on

an

on

goin

g b

asis

to

su

ppo

rt its

pu

blis

he

d r

ating

op

inio

ns.

A d

eta

iled

me

tho

do

log

y c

an

be

sou

rce

d fro

m w

ww

.ca

rera

tin

gs.c

om

or

Cre

dit A

na

lysis

& R

esea

rch

Ltd

. S

tatu

tory

deta

ils

: P

ee

rle

ss M

utu

al F

und

ha

s b

ee

n e

sta

blis

he

d a

s a

Tru

st u

nd

er

the

In

dia

n T

rusts

Act,

188

2,

sp

on

sore

d b

y T

he

Pe

erl

ess G

en

era

l F

ina

nce

& In

vestm

en

t C

om

pa

ny L

imite

d (

liabili

ty r

estr

icte

d t

o R

s 1

La

kh).

T

ruste

e:

Pe

erl

ess T

rust

Ma

nag

em

en

t C

o.

Lim

ite

d In

ve

stm

en

t M

an

ag

er:

Pe

erl

ess F

un

ds M

an

ag

em

en

t C

o.

Lim

ite

d(t

he

AM

C)

MU

TU

AL

FU

ND

IN

VE

ST

ME

NT

S A

RE

SU

BJ

EC

T T

O M

AR

KE

T R

ISK

S,

RE

AD

AL

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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, *CONTAI: Vill: Dhandighi, Holding No.: 359 / 351, P.O. & P.S.: Contai,Dist: Purba Midnapore, West Bengal 721 401, DUR-GAPUR: Unit No. A-212, 1st Floor, Kamdhenu Commercial Complex, Durgapur City Center, Durgapur– 713216 West Bengal, *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, Chennai 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, Musheerabad, 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 a 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.

Documents

TILL THE GOAL IS REACHED lacks enough momentum to jumpstart inflation towards the cen-tral bank’s ambitious 2% target. Japan’s cabinet approved a Domestic Markets: Like November,