Peerless MF, announced the launch of its first mid cap fund, an open ended equity scheme. The new midcap fund would invest in mid-sized companies the market capitalization of which range between the largest and smallest capitalized company in the Nifty Midcap 100 Index.
Rajiv Shastri, MD & CEO, PFMCL, said, “The launch of our first mid-cap fund is a small yet important step in the company’s early years. Having gained valuable experience in the past six years, we have carved a niche for ourselves with demonstrated ability to manage investments, agnostic to sectors or market movements, thereby offering competitive returns to our investors. We believe that the mid-cap story in the country is on the resurgence, given their valuable role as a harbinger of positive change for the Indian economy in the coming years. With this fund, we seek to marry our expertise in research with the immense opportunity and growth expected to unfold in the coming years. We believe that the investors will look favorably at the NFO being offered.”
Amit Nigam, Head- Equities, Peerless Funds Management Co. Ltd. said, “We believe mid-sized companies would benefit from the growth wave in the coming years on account of rising consumption and improving aspirations. Our internal, bottom up stock selection process based on a proprietary score gives us confidence to deliver favorable returns to the investors, going forward.”
The minimum application amount is Rs.1000. Amit Nigam, Head-Equities, will be the manager of the Fund. The NFO opened on November 16 and closes on December 30.
