Peerless Trust Management has approved discontinuation of the Bonus Units Option under Peerless Short Term Fund with effect from 24th June, 2015. The scheme would have only dividend and growth option thereafter, with growth as the default option, as stated in the notice issued by the fund house.
No fresh subscriptions will be accepted under the Bonus option of the scheme or additional purchase or through SIPs.
The outstanding units of the existing unit holders under this option shall be continued, without allowing any fresh subscription, till all units of the scheme have been redeemed an subsequently, the bonus option will be closed. Accordingly, SIP transactions under this scheme will also be discontinued from the same date.
