In this article, we will analyse how good is this Peerless Income Plus Fund NFO, whether this Peerless Income Plus Fund offers anything new or unique for the investors and whether the investors should invest in Peerless Income Plus Fund .
Peerless Income Plus Fund NFO: Review Analysis & Details
Let's begin with some basic details about Peerless Income Plus Fund.What are the NFO dates for Peerless Income Plus Fund ?
The NFO period for Peerless Income Plus Fund will open on 9th June and will close on 8th July 2010. Regular buying and selling will commence after a month of closure of NFO i.e. around 8th August onwards.
What is so unique about this Peerless Income Plus Fund?
The Peerless Income Plus Fund is a debt fund which will primarily invest in debt based securities and also a small portion in equity securities. The purpose of this fund will be to generate regular income and that will be done by pre-dominantly by the coupon payments received at regular intervals from the invested debt securities.
During NFO, the units of this Debt Fund will cost Rs 10 per unit.
Debt and money market instruments investments will be from 80-98%, while Equity based investments will be 2% to 20% only.
This fund will have the same risk parameters attached to it, which will be interest rate risk, credit risk, Liquidity Risk, Macro and micro economic risk, etc.
Are there any alternatives to Peerless Income Plus Fund?
One can look for investments in similar debt funds from other AMC companies
The Peerless Income Plus Fund will be benchmarked to CRISIL MIP Blended Fund Index Ganti N Murthy and Kaushik Dani will be the Fund manager for Peerless Income Plus Fund.
Minimum Investment:
Purchases : Rs. 1000/- and in multiple of Re. 1 thereafter.
SIP or Systematic Investment Plan is available? - Yes.
Switching Options
(a) Inter - Scheme Switching option :Unit holders under the Scheme have the option to Switch part or all of their unit holdings in the Scheme to any
other Scheme offered by the Mutual Fund from time to time. The Mutual Fund also provides the Investors the flexibility to Switch their investments
from any other Scheme(s) / Plan(s) offered by the Mutual Fund to this Scheme. This option will be useful to unit holders who wish to alter the
allocation of their investment among the Scheme(s) / Plan(s) of the Mutual Fund in order to meet their changed investment needs. The Switch will be
effected by way of a Redemption of units from the Scheme at Applicable NAV, subject to Exit Load, if any and reinvestment of the Redemption
proceeds into another Scheme offered by the Mutual Fund at Applicable NAV and accordingly the Switch must comply with the Redemption rules of
the Switch out Scheme and the Subscription rules of the Switch in Scheme.
(b) Intra-Scheme Switching option : Unit holders under the Scheme have the option to Switch their unit holding from one plan to another plan (e.g.
Regular to Institutional and vice versa) and from one option to another option (i.e. Growth to Dividend and vice-a-versa). The Switches would be
done at the Applicable NAV based prices and the difference between the NAVs of the two plans/options will be reflected in the number of unit
allotted. Switching shall be subject to the applicable "Cut off time and Applicable NAV" stated elsewhere in the Scheme Information Document. In
case of "Switch" transactions from one scheme to another, the allocation shall be in line with Redemption payouts
No Tax Benefit is available in the Peerless Income Plus Fund
The entry load for Peerless Income Plus Fund is as follows:
Entry Load for Peerless Income Plus Fund :
Zero Entry Load
Exit Load for Peerless Income Plus Fund:
1% if the amount sought to be redeemed or switched out is invested up to 1 year from date of allocation
No comments:
Post a Comment