Peerless Funds Management gets SEBI nod for mutual fund operations
December 9th, 2009
The Peerless Funds Management Company Limited (PFMCL), a wholly-owned subsidiary of The Peerless General Finance & Investment Company Limited (PGFICL) announced that it has received the final regulatory approval from the Securities and Exchange Board of India (SEBI) to launch its mutual fund operations. With this, PFMCL is all set to start mutual fund business in the country. The first of its products are expected to be out in early 2010 after getting the approvals from the respective authorities.
A press releases said that Mr. A C Chakrabortti, a well known Chartered Accountant and Ex-President of Institute of Chartered Accountants of India and Ex-Managing Partner of Ernst & Young is the Chairman of Peerless Funds Management Co. Ltd. Mr. S B Ganguly, a renowned Corporate Professional and Ex-Chairman of Exide Industries Ltd. is the Chairman of Peerless Trust Management Co. Ltd.”
PGFICL has years of experience in the finance industry and is backed by a strong 100,000 self employed financial advisors and a customer base of 40 millions. It has a network of offices spread over 148 cities across India.
Entry Filed under: Mutual Funds, Fund Houses & AMCs, Peerless Mutual Fund
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