Peerless Mutual Fund

Peerless is set to launch Mutual Fund by next year,

Peerless has got in-principle approval from SEBI

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 of over 500,000 such policies in one year through the Peerless network.

‘We have so far sold 20,000 policies,’ said Max New York chief executive officer and managing director Rajesh Sud.