The NFO opens on 16th August and closes on 17th August
Peerless Mutual Fund announced the launch of Peerless Flexible Income Fund, an open-ended dynamic bond fund. The fund has the flexibility to change both duration and its asset allocation with the changing interest rate scenario and economic environment.
“We all know that price and interest rates have inverse relationship. Therefore, every change in interest rate provides capital appreciation opportunity. However, it would be difficult for retail investors to time the market and benefit from the same. Therefore, we have launched Peerless Flexible Fund which has more flexibility to realign the portfolio’s average maturity and asset allocation in the changing interest rate scenario,” Akshay Gupta, MD and CEO, Peerless Mutual Fund.
The New Fund Offer (NFO) will open for subscription on August 16, 2012 and close on August 17, 2012. The scheme will re-open for continuous sale and repurchase from August 21, 2012.
