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Yogi Zone

Useful articles for your finance management by our team of experts

Mutual Fund Review – Peerless Ultra Short Term

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Fund Name: Peerless Ultra Short Term (G)

CRISIL Rank: NA

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)

1-Year3-Year5-Year
9%9.8%NA

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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