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Tuesday, September 16, 2014

Peerless MF Announces Change In Face Value Under Two Schemes

Peerless Mutual Fund has announced change in the face value of all the plans / options under Pearless Ultra Short Term Fund and Peerless Liquid Fund from the existing Rs 10 to Rs 1,000 per unit, consequently the new applicable NAV in the schemes will be effective as under: 

In the plans / options of Peerless Ultra Short Term Fund, for all transactions effected on or after 22 September 2014 and in the plans / options of Peerless Liquid Fund, for all transactions effected at the applicable NAV of 21 September 2014 (valid subscriptions accepted on 22 September 2014 and valid redemptions accepted on 19 September 2014) and all days thereafter. 

The post change of the face value of the schemes, the minimum amount for redemption / switch-out would be Rs 1,000 and in multiples of Re 1 thereafter or account balance whichever is lower in respect of each option.
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