Peerless Mutual Fund has launched a new open ended debt scheme, Peerless Income Plus Fund. The new fund offer will be available from 09th June, 2010 to 8th July, 2010. The minimum investment amount under the scheme is Rs 1,000. The investment objective is to generate regular income through a portfolio of predominantly high quality fixed income securities and with a marginal exposure to equity and equity related instruments. The scheme will allocate 80 per cent to 98 per cent of assets in debt and money market instruments with low to medium risk profile. It would further allocate 2 per cent to 20 per cent of assets in equity and equity related instruments and or units of equity mutual fund schemes with high risk profile. The scheme will charge 1 per cent exit load, if units are redeemed within 1 year from the date of allotment. The scheme will be managed by Mr. Ganti N Murthy and Mr. Kaushik Dani and will be benchmarked against CRISIL MIP Blended Fund Index.
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