PEERLESS Funds Management sponsored by The Peerless General Finance India has launched "Peerless MF Child Plan", an open ended fund on March 11. This is a multiple asset class product wherein the investment will be made in debt, equity and gold exchange traded funds. The investment objective of the scheme is to generate long term capital appreciation through a portfolio of fixed income securities, gold ETFs of other mutual funds and equity and equity related instruments.
The scheme comes with two investment options – growth and dividend (pay out and re-investment). The fund provides systematic investment plans to help parents to build capital in installments. Parents can also create multiple SIPs based on various needs or goals planned for their child.
AC Chakrabortti, chairman, Peerless Funds Management said, "Peerless Mutual Fund is attempting to provide goal-based solutions to the retail investors."
