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Mutual Fund Review – Peerless Ultra Short Term

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Fund Name: Peerless Ultra Short Term (G)


Category: Debt – Ultra short term

Risk Level: Low

Benchmark: Crisil Liquid Fund

Objective: To provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety and liquidity.

Returns (Annualized)


Our Review

Peerless ultra short term (G) has made its inception in the year 2010. Since inception, it has produced annualized returns of 8.72%. It has managed to match the benchmark index as well as category average in the 1, 3 and 5 year returns.

Top 5 holdings of the fund include Money market instruments, Allahabad Bank, Religare Securities, Indiabulls Securities and Union bank of India. The fund invests 67.06% of assets into money market instruments, 23.57% in debt instruments and the rest in cash. The fund has been a decent performer but not the best in the category.

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