Peerless may launch mutual fund next year
 The Kolkata-based residuary non-banking finance firm Peerless General Finance and Investment Co is likely to launch its own mutual fund next year, a senior company official has disclosed. The organization has got in-principle approval from SEBI (Securities and Exchange Board of India) and within the next six months they hope to get the final approval. The company has been planning to launch a mutual fund for quite some time. Meanwhile, Peerless signed a pact with private sector insurer Max New York Life Monday for distribution of Max Vijay insurance cum savings policies. Max New York has targeted sales
|