Zee Media Bureau
Mumbai: Peerless Funds Management Co. Ltd (PFMCL) has announced the re-launch of the erstwhile Peerless MF Child Plan as Peerless 3 in 1 Fund.
Peerless 3 in 1 Fund, an open ended Hybrid Scheme invests in Debt, Gold ETFs and Equity in a manner that optimizes risk and return with the potential of delivering better risk adjusted returns.
The erstwhile Peerless MF Child Plan was launched in April 2011, by infusing gold as an asset class together with the conventional debt and equity assets. Having keenly observed the merits of the approach, the company decided to rejuvenate this strategy based on its research and obtained SEBI’s approval for re-launch of this as an open ended Hybrid Scheme.This scheme will now be offered to all permitted categories of investorsacross all age groups as compared to erstwhile Peerless MF Child Plan which was open only for investment on behalf of children below 18 years of age.
Commenting on the development, Mr. Rajiv Shastri, MD & CEO, Peerless Funds Management Company Limited, said “This relaunch represents our desire to innovate on a continued basis. With this product, we introduce the concept of using an allocation to Gold to manage overall portfolio risk. This is based on extensive in-house research and is the first of a series of innovative research-driven products we plan to launch in coming months.”
