FactSheet November 2011 November 2011 was range bound in the absence of any major policy events....

FACT SHEET NOVEMBER 2011

2

The fixed income market for the month of November 2011 was range bound in the absence of any major policy events. Liquidity was a factor in the yield movement. The 10 year gsec yield traded between 9% at the higher level on tight liquidity and came down to 8.72% by the end of the month on the back of

policy measures by RBI to infuse liquidity by way of Open Market Operations. The daily liquidity auctions of RBI saw demand for money at a high of ` 140,000 crs during the middle of the month. Then RBI had started its Open market operations to infuse liquidity in the market. It bought back nearly ` 15000 crs in three OMO auctions. Though these OMO actions increase liquidity in the market, these would increase inflation as an OMO is tantamount to printing money and would negate the effectiveness of the RBI monetary policy for the past one year. The fluctuation in yields also affected the money market levels. The 3 month CD yields moved up from 9.35% to 9.50% levels before coming back to 9.35% levels by the end of the month. Corporate bond yields see sawed on the back of gsec yields with the 10 year yield trading between 9.65% to 9.75% levels. Inflation for the month of November is yet to be released by the Govt, but with trends in primary articles, fuel and food downwards, we can expect that the inflation figure would be lower than October’s level of 9.73%. Primary article inflation was at 2 year low of 9.08% while food inflation was at 9.01% for the week ended on

Nov 12. GDP figures for the July to September Qtr touched a low of 6.9%. High inflation combined with recessionary conditions prevailing worldwide were probable causes for the slowdown. Going forward in the month of December, the major event is the mid quarter Credit Policy review by the RBI, where it is widely expected to pause and refrain from hiking rates. Inflation should see a downward trend and one should not be surprised if inflation falls drastically. Yields would fall further and we should see the 10 year gsec trading between 8.6% to 8.65% by the month end. The dark horse would be further govt borrowing in addition to the additional borrowing already announced by the govt. In our funds, we are selectively increasing the maturity in the expectation that the yields would fall. In our medium term funds like Income Plus and Child Plan we have increase maturity to take advantage of the high yields offered by the medium maturity instruments.

Ganti N Murthy Head – Fixed Income. Source - Reuters, Bloomberg, RBI, Internal

Renewed concerns on the European sovereign debt crisis and weak global growth kept equity markets across the globe in the negative territory. Indian Equity markets too reversed their previous month’s gains and closed negative. The large cap indices BSE Sensex and S&P CNX Nifty lost 8.9% and 9.3% respectively. The fall was sharper in Mid and Small cap indices; with BSE Midcap index going down by

10.6% and BSE Smallcap index losing 12.6%. Among sectors, almost all of them lost ground. However defensives like FMCG, Healthcare and Technology outperformed others by a good margin. Notable underperformers included sectors like Metals, Banking and Realty. Global markets, though outperformed, were no different and they too lost ground. Whereas the US & European markets ended flat to slightly negative for the month; Asian markets were down in the range of 6-9%, with Hang Seng losing the most. Gold prices remained steady in $ dollar terms. However, a 7% decline in local currency led to smart gains for the month of November. Nymex Crude closed near $100 a barrel; whereas Brent was stable and remained in a narrow range of $108-110 for the month. Weak domestic macros continue to be a concern. Monthly WPI inflation has been sticky and above 9% since the start of this calendar year. High inflation is putting pressure on the interest rates and thus rates remain at elevated levels. The monthly Industrial growth has been the lowest in past 2 years. We also had the quarterly GDP numbers which came at 6.9%. The numbers were in line with expectations, but lower compared to 7.7% of previous quarter. This was mainly on account of slowdown in Manufacturing and Industrial activity. However, we have some positives in form of weekly inflation numbers. The Food Articles and Primary inflation numbers show a softening trend from past few weeks. This might be the first signs of inflation peaking and thus give a much desired pause to the series of interest rate hikes.

For corporates, the latest quarterly results were more of a mixed bag. At a broader level, revenues though slowing are in line. However, high input and interest costs coupled with forex fluctuations impacted the profitability. During the quarter, we saw mid and small size companies getting more negatively impacted, compared to larger companies. The latest positive newsflows have come in form of ECB providing cheaper US$ funding. This news led to a global rally. However, the larger problem remains unsolved and thus we believe that Global outlook would still be cautious. A tangible solution to resolve the Euro debt crisis at global level, softening of inflation and returning to the high growth path at domestic level would be some of the indicators for a change in view. Till that time, Gold will continue to act as a hedge against other asset class and should also perform well over the medium to long term. In Equities, more earnings downgrades can be expected in the coming year and markets will try to align themselves with the same. Saying that, valuations are much more comfortable than what they were last year. Thus, we would continue to be cautiously optimistic in Equities in the near term; whereas the long term view remains Positive. Kaushik Dani Head – Equity Source - Reuters, Bloomberg, RBI, Internal

Equity Market Commentary for the month of November 2011

Debt Market Commentary for the Month of November 2011.

3

Portfolio as on November 30, 2011 Asset Allocation

Please refer to page no 10 for statutory details & risk factors

Individual/HUF Corporates NRI

Debt Schemes 12.5% + 5% Surcharge + 3% Cess

30% + 5% Surcharge + 3% Cess

12.5% + 5% Surcharge + 3% Cess

Total Tax 13.519% 32.445% 13.519% Money Market and Liquid Schemes




Total Tax 27.038% 32.445% 27.038%

Tax on Dividend Distribution

^ Last business day of the quarter # No investors in the respective plans as on Factsheet Date ## - 1 year Govt. T-Bill. Benchmark Returns are currently not available

Scheme Performance vis-a-vis Benchmark

Fixed Income Holdings Rating % of Net Assets Certificate of Deposits 73.56% Oriental Bank of Commerce CRISIL A1+ 8.83% Vijaya Bank CARE A1+ 8.48% Central Bank of India CARE A1+ 8.07% Allahabad Bank CRISIL A1+ 7.50% Indian Overseas Bank CRISIL A1+ 6.60% Punjab National Bank CARE A1+ 5.28% Dhanlaxmi Bank Ltd CRISIL A1+ 5.14% Kotak Mahindra Bank Ltd CRISIL A1+ 4.27% Karur Vysya Bank Ltd CARE A1+ 2.93% Canara Bank CARE A1+ 2.44% Others 14.02% Commercial Papers 27.71% Hindustan Petroleum Corporation Ltd CRISIL A1+ 4.39% Future Capital Holdings Ltd CARE A1+ 2.93% JM Financial Products Pvt Ltd CRISIL A1+ 2.89% Religare Finvest Ltd ICRA A1+ 2.79% Manappuram Finance Ltd CRISIL A1+ 2.52% Others 12.19% Cash & Cash Equivalent -1.27% Total 100.00%

Rating Profile % Weightage P1+/A1+/F1+/PR1+/AAA 101.27% P1/A1/F1/PR1 0.00% CBLO/ Cash & Cash Equivalent -1.27% Maturity Profile % Weightage Below or equal to 91 days 101.27% Cash & Cash Equivalent -1.27% NAV as on November 30, 2011 Scheme NAV (in `) Retail Growth 11.2140 Retail Daily Dividend 10.0015 Retail Weekly Dividend 10.0044 Retail Monthly Dividend 10.0103 Institutional Growth 11.2904 Institutional Daily Dividend 10.0015 # Institutional Weekly Dividend 10.0000 # Institutional Monthly Dividend 10.0000 Super Institutional Growth 11.3470 Super Institutional Daily Dividend 10.0015 Super Institutional Weekly Dividend 10.0065 Super Institutional Monthly Dividend 10.0125 Modified Duration (in years) 0.06 Average Maturity (in days) 22 Portfolio Yield (%) 9.39%

Scheme Record Date Net Dividend (` per unit) Cum

Dividend NAV (in `) Individual/HUF Corporate

Peerless Liquid Fund - Retail Plan - Monthly Dividend

25-Nov-11 0.04547168 0.04350926 10.0579

Peerless Liquid Fund - Super Institutional Plan - Monthly Dividend

25-Nov-11 0.05542879 - 10.0704


28-Oct-11 0.04727688 0.04535335 10.0601


28-Oct-11 0.05740102 - 10.0729


29-Sep-11 0.05352566 0.05139204 10.0682


29-Sep-11 0.04079086 - 10.0518

Dividend History (Monthly)

73.56%

27.71%

-1.27%

Certificate of Deposits

Commercial Papers

Cash & Cash Equivalent

Performance as on September 29, 2011 ^

Period Peerless Liquid Fund -

Super Institutional Plan

CRISIL Liquid Fund Index

7 Day 9.07% 8.04% 15 Days 9.03% 8.07% 1 Month 9.01% 8.00% September 29, 2010 to September 29, 2011

8.68% 7.77%

Past performance may or may not be sustained in future Returns are simple annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. Dividend declared has been reinvested for calculation purpose. The returns are calculated for Growth Option.

Additional Benchmark Returns ## (%)

N.A. N.A. N.A. N.A.

September 29, 2010 to September 29, 2011

4

Portfolio as on November 30, 2011









Total Tax 27.038% 32.445% 27.038%



Asset Allocation


^ Last business day of the quarter ## - 1 year Govt. T-Bill. Benchmark Returns are currently not available

Fixed Income Holdings Rating % of Net Assets Certificate of Deposits 41.49% Central Bank of India CRISIL A1+ 7.05% Indusind Bank Ltd ICRA A1+ 6.41% Punjab & Sind Bank ICRA A1+ 6.09% Oriental Bank of Commerce CRISIL A1+ 5.90% South Indian Bank Ltd CARE A1+ 2.36% Bank of Baroda ICRA A1+ 2.35% Indian Bank FITCH A1+ 2.35% State Bank of Patiala CRISIL A1+ 2.35% State Bank of Bikaner & Jaipur CRISIL A1+ 2.35% Punjab National Bank CARE A1+ 1.88% Others 2.40% Commercial Papers 61.74% Reliance Capital Ltd ICRA A1+ 16.52% Muthoot Finance Ltd CRISIL A1+ 11.71% Religare Finvest Ltd ICRA A1+ 6.75% IFCI Ltd ICRA A1+ 4.69% Sicom LTD CARE A1+ 4.69% Others 17.38% Non Convertible Debentures/ Floating Rate Notes/ Bonds 5.25%

Muthoot Fincorp Ltd CRISIL A+ 4.72% Indiabulls Financial Services Ltd CARE AA+ 0.53% Cash & Cash Equivalent -8.48% Total 100.00%

Rating Profile % Weightage P1+/A1+/F1+/PR1+/AAA/Sov 103.23% P1/A1/F1/PR1/AA/AA+ 5.25% CBLO/ Cash & Cash Equivalent -8.48% Maturity Profile % Weightage Below 1 Year 107.95% Above 1 Year 0.53% Cash & Cash Equivalent -8.48% NAV as on November 30, 2011 Scheme NAV (in `) Retail Growth 11.3238 Retail Daily Dividend 10.0053 Retail Weekly Dividend 10.0103 Retail Monthly Dividend 10.0589 Super Institutional Growth 11.3947 Super Institutional Daily Dividend 10.0054 Super Institutional Weekly Dividend 10.0097 Super Institutional Monthly Dividend 10.0734 Modified Duration (in years) 0.10 Average Maturity (in days) 41 Portfolio Yield (%) 10.23%


Scheme Record Date

Net Dividend (` per unit) Cum Dividend

NAV (in `) Individual/

HUF Corporate

Peerless Ultra Short Term Fund - Retail Plan - Monthly Dividend 25-Nov-11 0.05679386 0.04872893 10.1106

Peerless Ultra Short Term Fund - Super Institutional Plan - Monthly Dividend

25-Nov-11 0.06627318 0.05680283 10.1353

Peerless Ultra Short Term Fund - Retail Plan - Monthly Dividend 28-Oct-11 0.05549256 0.04754256 10.1091


28-Oct-11 0.06818361 0.05844023 10.1375

Peerless Ultra Short Term Fund - Retail Plan - Monthly Dividend 29-Sep-11 0.06191235 0.05306403 10.1164


29-Sep-11 0.07734812 0.06629836 10.1479

41.49%

61.74%

5.25%-8.48%

Certif icate of Deposits

Commercial Papers

Non Convertible Debentures/ Floating Rate Notes/ Bonds



Period Peerless Ultra Short Term Fund - Super Institutional Plan

CRISIL Liquid Fund Index


9.28% 7.76%

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 Growth Option.


N.A.

5

Portfolio as on November 30, 2011 Asset Allocation










Total Tax 27.038% 32.445% 27.038%



^ Last business day of the quarter ## - 1 year Govt. T-Bill. Benchmark Returns are currently not available

Fixed Income Holdings Rating % of Net Assets Certificate of Deposits 39.10% Indusind Bank Ltd ICRA A1+ 18.98% Allahabad Bank CRISIL A1+ 13.30% Canara Bank CRISIL A1+ 4.77% Punjab & Sind Bank ICRA A1+ 2.05% Commercial Papers 57.22% Electrosteel Castings Ltd CARE A1+ 18.94% Indiabulls Housing Finance Ltd CRISIL A1+ 15.19% Religare Finvest Ltd ICRA A1+ 10.57% Subros Ltd ICRA A1+ 4.53% JM Financial Products Pvt Ltd CRISIL A1+ 3.44% Others 4.55% Non Convertible Debentures/ Floating Rate Notes/ Bonds 2.68%

Indiabulls Financial Services Ltd CARE AA+ 2.68% Cash & Cash Equivalent 1.00% Total 100.00%

Rating Profile % Weightage P1+/A1+/F1+/PR1+/AAA 96.32% P1/A1/F1/PR1 2.68% CBLO/ Cash & Cash Equivalent 1.00% Maturity Profile % Weightage Below or equal to 91 days 96.32% Above 1 Year 2.68% Cash & Cash Equivalent 1.00% NAV as on November 30, 2011 Scheme NAV (in `) Growth Option 11.4901 Monthly Dividend 10.8595 Quarterly Dividend 11.3393 Modified Duration (in years) 0.11 Average Maturity (in days) 51 Portfolio Yield (%) 9.58%

39.10%

57.22%

2.68%1.00%


Commercial Papers




Period Peerless Short Term Fund - Growth

CRISIL Short Term Bond Fund Index


12.16% 6.80%



N.A.


Scheme Record Date Net Dividend (Rs. per unit) Cum

Dividend NAV (in

Rs.) Individual/HUF Corporate

Peerless Short Term Fund - Monthly Dividend 11-Nov-11 0.08019388 0.06873421 10.8966

Peerless Short Term Fund - Monthly Dividend 10-Oct-11 0.07549336 0.06470562 10.8913

Peerless Short Term Fund - Monthly Dividend 09-Sep-11 0.07470289 0.06402876 10.8904

Dividend History (Quarterly)

Scheme Record Date Net Dividend (Rs. per unit) Cum

Dividend NAV (in

Rs.) Individual/HUF Corporate

Peerless Short Term Fund - Quarterly Dividend 03-Nov-10 0.11532448 - 10.1468

6

Sector Classification - Equity

Asset Allocation










Total Tax 27.038% 32.445% 27.038%


^ Last business day of the quarter ## 10 year dated GOI security. Benchmark Returns are currently not available

Portfolio as on November 30, 2011 Portfolio Holdings Rating / Industry % of Net Assets Equity 11.67% ITC Ltd Consumer Non Durables 1.17% Tata Consultancy Services Ltd Software 0.94% Godrej Consumer Products Ltd Consumer Non Durables 0.93% Housing Development Finance Corpo-ration Ltd Finance 0.92%

Larsen & Toubro Ltd Construction Project 0.90% Mahindra & Mahindra Ltd Auto 0.87% Marico Ltd Consumer Non Durables 0.83% Bajaj Auto Ltd Auto 0.83% HCL Technologies Ltd Software 0.80% Bank of Baroda Banks 0.71% Others 2.77% Debt 85.97% Certificate of Deposits 13.27% Punjab & Sind Bank ICRA A1+ 13.27% Commercial Papers 50.82% Religare Finvest Ltd ICRA A1+ 27.34% JM Financial Products Pvt Ltd CRISIL A1+ 8.91% Subros Ltd ICRA A1+ 7.82% Indiabulls Financial Services Ltd CRISIL A1+ 2.92% Manappuram Finance Ltd CRISIL A1+ 2.36% Others 1.47% Non Convertible Debentures/ Floating Rate Notes/ Bonds 21.88%

Muthoot Finance Ltd CRISIL AA- 10.95% Indiabulls Financial Services Ltd CARE AA+ 10.93% Cash & Cash Equivalent 2.36% Total 100.00%

Rating Profile % Weightage P1+/A1+/F1+/PR1+/AAA/Sov 64.08% P1/A1/F1/PR1/AA/AA+ 21.89% Equity 11.67% CBLO/ Cash & Cash Equivalent 2.36% Maturity Profile % Weightage Below 1 Year 64.08% Above 1 Year 21.89% Cash & Cash Equivalent 2.36% NAV as on November 30, 2011 Scheme NAV (in `) Growth Option 10.6977 Monthly Dividend 10.1878 Quarterly Dividend 10.1550 Modified Duration (in years) 0.51 Average Maturity (in days) 251 Portfolio Yield (%) 10.34%


Scheme Record Date Net Dividend (` per unit) Cum Dividend NAV (in `) Individual/HUF Corporate

Peerless Income Plus Fund-Dividend Option-Monthly Dividend

25-Nov-11 0.03523628 0.03020079 10.2014


28-Oct-11 0.05285440 0.04530157 10.3047


29-Jul-11 0.03523625 0.03019633 10.1914

Dividend History (Quarterly)

Scheme Record Date Net Dividend (` per unit) Cum Dividend NAV (in `) Individual/HUF Corporate

Peerless Income Plus Fund-Dividend Option-Quarterly Dividend

31-Oct-11 0.07928221 0.06795277 10.2649


21-Jul-11 0.19353606 0.16588011 10.3056


03-Nov-10 0.19244479 0.17911286 10.2606

13.27%

11.67%

50.82%

21.88%2.36%

Equity

Commercial Papers




Peerless Income Plus Fund - Growth Option

CRISIL MIP Blended Fund

Index September 29, 2010 to September 29, 2011

3.95% 2.21%



N.A.

7



Asset Allocation










Total Tax 27.038% 32.445% 27.038%


Note : Since the scheme has not completed 1 year, performance has not been shown.

Portfolio Holdings Rating / Industry % of Net Assets Equity 12.25% Bajaj Auto Ltd Auto 1.16% ITC Ltd Consumer Non Durables 1.13% Tata Consultancy Services Ltd Software 1.05% Larsen & Toubro Ltd Construction Project 0.98% Godrej Consumer Products Ltd Consumer Non Durables 0.97% Mahindra & Mahindra Ltd Auto 0.96% Housing Development Finance Corpo-ration Ltd Finance 0.90%

HCL Technologies Ltd Software 0.83% Bank of Baroda Banks 0.77% Axis Bank Ltd Banks 0.73% Others 2.77% Exchange Traded Fund 8.23% Goldman Sachs Gold Exchange Traded Scheme (GS Gold BeES) 8.23%

Debt 68.86% Certificate of Deposits 8.41% Punjab & Sind Bank ICRA A1+ 8.41% Commercial Papers 36.17% JM Financial Products Pvt Ltd CRISIL A1+ 18.14% Manappuram Finance Ltd CRISIL A1+ 16.03% Indiabulls Housing Finance Ltd CRISIL A1+ 2.00% Non Convertible Debentures/ Float-ing Rate Notes/ Bonds 24.28%

Muthoot Finance Ltd CRISIL AA- 12.16% Indiabulls Financial Services Ltd CARE AA+ 12.12% Cash & Cash Equivalent 10.66% Total 100.00%

Rating Profile % Weightage P1+/A1+/F1+/PR1+/AAA 44.58% P1/A1/F1/PR1/AA/AA+ 24.28%

Equity/Exchange Traded Fund / Mutual Fund 20.48%

CBLO/ Cash & Cash Equivalent 10.66% Maturity Profile % Weightage Below 1 Year 44.58% Above 1 Year 24.28% Cash & Cash Equivalent 10.66% NAV as on November 30, 2011 Scheme NAV (in `) Growth Option 10.9521 Monthly Dividend 10.9528 Quarterly Dividend 10.9513 Modified Duration (in years) 0.68 Average Maturity (in days) 386 Portfolio Yield (%) 10.35%

12.25%

8.23%

24.28%

8.41%

36.17%

10.66%

Equity

Exchange Traded Fund



Commercial Papers

8




Asset Allocation

Since the Scheme was launched in September 2011 and the performance history is only available for short period, Standard Deviation, R Squared, Sharpe Ratio Beta and Portfolio Turnover have not been computed.

Since the scheme has not completed 1 year, performance has not been shown.

Portfolio Holdings Industry % of Net Assets Equity 84.36% Mahindra & Mahindra Ltd Auto 7.81%

ITC Ltd Consumer Non Durables 7.67%

Bajaj Auto Ltd Auto 7.52%

Larsen & Toubro Ltd Construction Pro-ject 6.42%

Axis Bank Ltd Banks 6.15% Housing Development Finance Corporation Ltd Finance 5.74%

Infosys Ltd Software 5.58% Tata Consultancy Services Ltd Software 5.11%

Reliance Industries Ltd Petroleum Prod-ucts 5.08%

Bank of Baroda Banks 5.03% Others 22.25% Cash & Cash Equivalent 15.64% Total 100.00%

NAV as on November 30, 2011 Scheme NAV (in `) Growth Option 9.5420 Dividend 9.5422

84.36%

15.64%

Equity


9

FUNDS AT A GLANCE FOR PEERLESS MUTUAL FUND

Particulars Peerless Liquid Fund Peerless Ultra Short Term Fund Peerless Short Term Fund

Nature of the Fund/Scheme An open ended Liquid Scheme An open ended Debt Scheme An open ended Debt Scheme

Allotment Date 19th February 2010 19th February 2010 18th August 2010

Investment Objective To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the scheme will be achieved

To provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and 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 and liquidity. However, there can be no assurance that the investment objective of the scheme will be achieved.

To generate income and 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

Benchmark CRISIL Liquid Fund Index CRISIL Liquid Fund Index CRISIL Short Term Bond Fund Index

Fund Manager Mr. Malay Shah Mr. Ganti N. Murthy Mr. Ganti N. Murthy

Investment Plan & Option Plan: Retail, Institutional, & Super Institutional Option : Growth & Dividend Sub Option of Dividend Option : Daily - Reinvestment, Weekly Reinvestment & Payout, Monthly Reinvestment & Payout

Plan: Retail, & Super Institutional Option : Growth & Dividend Sub Option of Dividend Option : Daily - Reinvestment, Weekly Reinvestment & Payout, Monthly Reinvestment & Payout

Plans: Nil, Options: Growth and Dividend Option. Sub option of Dividend - Monthly and Quarterly

Minimum Investment Amount

Retail Plan : ` 5,000/- Institutional Plan : ` 50,000/- Super Institutional Plan : ` 1,00,000/-

Retail Plan : ` 5,000/- Super Institutional Plan : ` 1,00,000/-

` 5,000/- in multiples of Re 1 thereafter

Additional Investment Retail Plan: ` 1,000/- & in multiples Re 1/- thereafter. Institutional Plan: ` 10,000/- & in multiples Re 1/- thereafter. Super Institutional Plan : ` 50,000/- & in multiples Re 1/- thereafter.

Retail Plan: ` 1,000/- & in multiples Re 1/- thereafter. Super Institutional Plan : ` 50,000/- & in multiples Re 1/- thereafter.

` 100/- in multiples of Re 1 thereafter

Minimum Repurchase Amount

` 1,000/- and in multiples of Re 1/- thereafter ` 1,000/- and in multiples of Re 1/- thereafter `1,000/- or 100 units or account balance whichever is lower in respect of each option.

Systematic Investment Plan No Yes : ` 1,000/-, Min 36 installments Monthly Option : ` 500/- Min 12 installments, Quarterly Option : ` 1,000/- Min 4 installments, Half Yearly Option : ` 2,000/- Min 2 installments

Systematic Transfer Plan Yes, ` 1,000/- , 6 Transfers Weekly option (every Wednesday), Fortnightly (every alternative Wednesday), Monthly (on specified dates)

Weekly Option (every Wednesday), Fortnightly Option (every alternative Wednesday) and Monthly Option (on specified dates)

Exit Load NIL NIL 0.50% if redeemed before 15 days.

Default Plan Retail Plan : Amount = ` 5,000/- to <` 50,000/- Institutional Plan : Amount =` 50,000/- to <`1,00,000/- Super Institutional Plan : Amount = ` 1,00,000/- & Above

Retail Plan : Amount = ` 5,000/- to <` 50,000/- Super Institutional Plan : Amount = ` 1,00,000/- & Above

Not Applicable

Default Option Growth Growth Growth

Default Dividend Frequency Daily Daily Quarterly Option.

Redemption Payout T+1 T+1 T+1

This fact sheet is for informational purpose only and under no circumstances is to be used or considered as an investment advice.

10

FUNDS AT A GLANCE FOR PEERLESS MUTUAL FUND

Particulars Peerless Income Plus Fund Peerless MF Child Plan Peerless Equity Fund

Nature of the Fund/Scheme An open ended Debt Scheme An open ended Debt Scheme An open ended Equity Scheme

Allotment Date 29th July 2010 5th April 2011 28th September 2011

Investment Objective 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. How-ever, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

To generate long term capital appreciation through a portfolio of fixed income securities, equity & equity related instruments and Gold Exchange Traded Funds. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

To generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of Equity & equity related securities

Benchmark CRISIL MIP Blended Fund Index. CRISIL MIP Blended Index + Price of Gold in the ratio of 85:15.

S & P CNX Nifty

Fund Manager Mr. Ganti N. Murthy & Mr. Kaushik Dani Mr. Ganti N. Murthy & Mr. Kaushik Dani Mr Kaushik Dani & Mr. Ganti N. Murthy

Investment Plan & Option Plans: Nil, Options: Growth and Dividend Option. Sub option of Dividend - Monthly and Quarterly

Plans: Nil, Options: Growth and Dividend Option. Sub option of Dividend - Monthly and Quarterly

Plans: Nil Options: Growth and Dividend option.

Minimum Investment Amount

` 1,000/- in multiples of Re 1 thereafter ` 1,000/- in multiples of Re 100/- thereafter ` 1,000/- in Rs 1 thereafter

Additional Investment ` 100/- in multiples of Re 1 thereafter In multiples of Re 100/- thereafter Rs 1/- in multiples of Rs 1/- thereafter

Minimum Repurchase Amount

`1,000/- or 100 units or account balance whichever is lower in respect of each option.

`1,000/- or 100 units or account balance whichever is lower in respect of each option.

Rs 1000/- or 100 units or account balance whichever is lower in respect of each option

Systematic Investment Plan Monthly Option : ` 500/- Min 12 installments, Quarterly Option : ` 1000/- Min 4 installments, Half Yearly Option : ` 2,000/- Min 2 installments

Monthly Option : ` 500/- Min 12 installments, Quarterly Option : ` 1000/- Min 4 installments, Half Yearly Option : ` 2,000/- Min 2 installments

Monthly Option: ` 500/- Min 12 installments, Quarterly Option: Rs 1,000/- Min 4 installments, Half Yearly Option: Rs 2,000/-Min 2 installments.

Systematic Transfer Plan Weekly Option (every Wednesday), Fortnightly Option (every alternative Wednesday) and Monthly Option (on specified dates)

Weekly Option (every Wednesday), Fortnightly Option (every alternative Wednesday) and Monthly Option (on specified dates)

Weekly option (every Wednesday), Fortnightly option (every alternative Wednesday), Monthly Option (on specified dates)

Exit Load 1% if redeemed before a period of 1 year / In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if units are re-deemed / Switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are

redeemed / switched-out after 1 year from the date of allotment

1% if redeemed before a period of 1 year / In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if units are redeemed / Switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are

redeemed / switched-out after 1 year from the date of allotment

1% if redeemed before 1 year

Default Plan Not Applicable NA NA

Default Option Growth Growth Growth

Default Dividend Frequency Quarterly Option. Quarterly Option. NA

Redemption Payout T+2 T+3 T+3

Note : The Trustee will endeavour to declare the Dividend as per the specified frequencies, subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declaration of Dividend and frequency will inter-alia depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the Unit holders as to the rate of Dividend nor that the Dividend will be paid regularly. Dividend payable under Dividend Payout option (Weekly Option) is equal to or less than ` 25,000 then the Dividend would be compulsorily reinvested in the option of the Scheme. In case an Investor fails to specify his preference of Plans/Sub Plans/Options in the below mentions schemes, the default Plan/Sub Plan/Options would be as above.

STATUTORY DETAILS & DISCLAIMER CARE Rating Methodology: Peerless Liquid Fund has been assigned “Credit Risk Rating AAAmfs” by CARE Rating (Credit Analysis and Research Limited) CARE’s fund credit quality ratings are opinions on the overall credit quality of specific debt mutual fund. The rating captures fund’s overall exposure to default risk. CARE uses the concept of credit scores, assigned to individual securities, as per credit scoring matrix developed by CARE. The score is essentially a function of the credit quality and rating of security and its internal residual maturity. The rating includes assessment of various qualitative factors including management quality and management information systems and risk management systems in various operational areas. CARE reviews the rated mutual fund on an ongoing basis to support its published rating opinions. A detailed methodology can be sourced from www.careratings.com or Credit Analysis & Research Ltd. Value Research Rating Methodology: This risk adjusted rating is a convenient composite measure of both returns & risk. It is purely quantitative and there is no subjective component to the Fund Rating. The assessment does not reflect Value Research’s opinion of the future potential of any fund. It only gives summary of how a fund has performed historically relative to its peers, For debt funds, the Fund Rating are based on 18-month weekly risk-adjusted performance, relative to the other funds in category. Value Research does not rate a debt fund with less than 18-month performance track record. Each category must have a minimum of 10 funds for it to be rated. Effective, July 2008, an additional qualifying criteria is put, whereby a fund with less than ` 5 crore of average AUM in the past six months will not be eligible for rating. The Value Research Fund Rating (Risk-adjusted Rating) is determined by subtracting the fund’s Risk Score from its Return Score. Five star indicates that a fund is in top 10% of the category in terms of risk adjusted performance. Statutory details & Disclaimer: Peerless Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by The Peerless General Finance & Investment Company limited (liability restricted to ` 1 Lakh). Trustee: Peerless Trust Management Company Limited Investment Manager: Peerless Funds Management Company Limited (the AMC) Risk Factors: All Mutual funds and securities investments are subject to market risks and there is no guarantee that the investment objective of the schemes will be achieved. The NAV of the units issued by the Mutual Fund under the schemes can go up or down depending on various factors and forces affecting securities markets. Past performance of the Sponsor or its affiliates/the AMC/the mutual fund or its schemes does not indicate the future performance of the schemes. The sponsors -The Peerless General Finance & Investment Co Limited is not liable or responsible for any loss or shortfall resulting from the operation of any of the mutual fund schemes launched by the AMC. Peerless Liquid Fund, Peerless Ultra Short Term Fund, Peerless Income Plus Fund, Peerless Short Term Fund, Peerless MF Child Plan and Peerless Equity Fund are only the names of the schemes and do not indicate in any manner the quality of the schemes or their future prospects or returns. Investment in the schemes shall be subject to various risk factors including but not limited to investing in debt and money market securities, derivatives, foreign securities, securitized debt, short selling and securities lending, such as interest rate risk, re-investment risk, liquidity risk, basis risk, credit risk, settlement risk, systemic risk, spread risk, prepayment risk etc. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Investment in the schemes may be affected by trading volumes, currency exchange rates fluctuations, changes in law/policies of the government, taxa-tion laws and political, economic or other developments. Investments in the schemes may be affected by risk factors associated with investments in equity & equity related instruments – market risk, price risk, liquidity risk, etc. and by investments in Gold ETFs. Mutual fund investments are subject to market risks. Please read the Scheme Information Documents and Statement of Additional Information carefully before investing.

This fact sheet is for informational purpose only and under no circumstances is to be used or considered as an investment advice.

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Registered Office : Peerless Funds Management Co. Ltd, 3rd Floor, Peerless Mansion, 1, Chowringhee Square, Kolkata - 700 069. Tel : 033 4018 5000, Fax No. 033 40185010.

Investments & Operations Office : Gr Floor, Churchgate Chambers, Sir Vithaldas Thackersay Marg, New Marine Lines, Mumbai – 400020. Tel : 022 6177 9922 Toll free : 1800 200 9995 Fax : 6177 9996.

Branches/Customer Service Centres :

* Balasore : Vivekananda Marg Dist Balasore, Orissa 756 001.

Bangalore : Ramanasree Arcade, (3rd floor), 18, M.G. Road, Bangalore- 560 001

* Bankura : College Road Raghunathpur Main Road, Opp. Bankura Christian College, PO & Dist: Bankura 722 101.

* Calicut : No. 18/1084F Meyon Building, 1st floor Jail Road, Calicut-673 004.

Chennai : 834, Anna Salai, Raheja Complex, 2nd floor, Chennai- 600 002

* Chinsura : Peerless Sadan Akhan Bazar, P.O.: Chinsurah, Dist. Hooghly 712 101

Coimbatore : 1078 Nagappa Complex, Mettupalayam High Road, Coimbatore- 641 002, Tamil Nadu.

Contai : Vill: Dhandighi, Holding No.: 397/596,P.O. & P.S.: Contai,Dist: Purba Midnapore, West Bengal.

Cuttack : 2866(P)Link Road, PO: Arunodaya Market, PS: Madhu Patna, Cuttack, Orissa, 753 012.

Ghatal : Argora - PO & P.S: Ghatal,Dist. Paschim Midnapore, Pin- 721 212.

Guwahati : Suren Market, G.S. Road, Opp. Hanuman Mandir, Guwahati 781007, Assam.

Hyderabad : Kancharla Towers, 1st Floor, 1-7-143,143/A, Golkonda X Roads, Musheerabad, Hyderabad-500 020

* Kanpur : P.K. Bhawan 128 The Mall, (Opp. Heer Palace Cinema), Kanpur- 208 004 (U.P.)

* Kannur : Sadhu Building D. No. C.P. 29/500, Fort Road Kannur- 670 001.

* Karimnagar : A.P.S.R.T.C. Commercial Complex, 1st Floor Karimnagar- 505 002.

Kolkata : Peerless Mansion, 1 Chowringhee Square, Third Floor, Kolkata - 700 069.

* Mangalore : Ajantha Complex 3rd floor, Milagres Cross Road, Hampanakatta Mangalore- 575 001.

Midnapore : Sahoo Bhavan, Opp. Zila Parishad Bhavan, Post Office Road, PO & Dt. Paschim, Midnapore, Pin 721 101, West Bengal.

Mumbai : Ground 03, Churchgate Chambers, Sir. Vithaldas Thackersay Marg, New Marine Lines, Mumbai - 400 020.

* Mysore : Maharaja Shopping Complex, 2nd floor Wesely Press Campus, Opp KSRTC Suburban Bus Stand, B.N. Road Mysore- 570 001.

New Delhi : B.K. Roy Court, Mezzanine Floor, 6 & 7, Asaf Ali Road, New Delhi 110002.

Pune : Aurora Towers, 9, Moledina Road, Pune- 411 001.

* Raipur : Great Eastern Road 1st floor P.O., Vivekananda Ashram, Raipur- 492 001

* Rajkot : Sunflower House 34-A Bhaktinagar, 80Feet Road Near Bhakti Nagar Circle, Rajkot-360002.

* Thrissur : Suharsha Towers 3rd floor, Shornur Road Round North , Thrissur- 680 001.

* Udaipur : 182/185 Ashwini Marg, Opp. Delhi Gate, Udaipur- 313 001.

* Varanasi : Hathwa Market Chet Ganj, Varanasi- 221 001.

* Note : These locations are not Official Point of Acceptance.

Registrar and Transfer Agent : Karvy Computershare Private Limited, Karvy Plaza, H No 8-2-596 Street 1 Banjara Hills, Hyderabad-500034. Tel 040-23312454, Fax: 040-23311968.

Ludhiana : Kay Ess Tower, 3697, Model Gram Road, Ludhiana-141001.

PEERLESS MUTUAL FUND OFFICES

* Agartala : 42, Akhaura Road, Agartala, Tripura (West), Pin-799 001.

* Patna : Sukriti Apartment(2nd Fl.) S.P. Verma Road,Patna-800 001, Bihar.

* Durgapur : Ruma Sweets Building Sand Bee Resort,(1st floor) Benachity, Durgapur-713 213.

* Ahmedabad : ‘Sanskrut’, Ground Floor, Nr. Old High Court, Off Ashram Road, Ahmedabad - 38009.

* Lucknow : 43/23-K, Nawal Kishore Road, 1st Floor, Hazratganj, Lucknow-226001 (U.P.)

* Vizag : Dasapalla Centre, 2nd floor 38-2-40, Surya bagh Vizag- 530 020, A.P.

Web site www.peerlessmf.co.in Toll Free : 1800 200 9995 Non Toll Free : 022 6177 9922

[email protected]

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FactSheet November 2011 November 2011 was range bound in the absence of any major policy events....

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Transcript of FactSheet November 2011 November 2011 was range bound in the absence of any major policy events....