Peerless Funds Management Company Limited About Us
Total Page:16
File Type:pdf, Size:1020Kb
PEERLESS FUNDS MANAGEMENT COMPANY LIMITED ABOUT US • First Mutual Fund company headquartered at Eastern region – Kolkata • 30 own branches with focus on Tier II to Tier IV locations • Over 200 point of sales across the country • Reaching out to the customers through vernacular mediums - call centres, account statements & forms and customer interaction in local language • The collective people experience of over 100 years to ensure the commitment towards ‘maximum generation of value for all stakeholders’ • The funds are managed by experienced asset managers • Believes in providing financial solutions for people’s needs RECOGNITION & ACHIEVEMENTS CARE has assigned the “Credit Risk Rating AAA mfs” to Peerless Liquid Fund , Peerless Ultra Short Term Fund & Peerless Flexible Income Fund CARE Rating Methodology - The Funds have been assigned "Credit Risk Rating AAAmfs" by CARE Ratings (Credit Analysis and Research Limited). CARE's fund credit quality ratings are opinions on the overall credit quality of specific debt mutual fund. The rating captures fund's overall exposure to default risk. CARE uses the concept of credit scores, assigned to individual securities, as per credit scoring matrix developed by CARE. The score is essentially a function of the credit quality and rating of security and its internal residual maturity. The rating includes assessment of various qualitative factors including management quality and Management information systems and risk management systems in various operational areas. CARE reviews the rated mutual fund on an ongoing basis to support its published rating opinions. A detailed methodology can be sourced from www.careratings.com or Credit Analysis & Research Ltd. THE SPONSOR COMPANY THE PEERLESS GENERAL FINANCE & INVESTMENT COMPANY LIMITED [PGFI] Peerless is a 83 year old diversified business conglomerate with a mainstay in financial services. The brand believes in listening to customers, understanding their needs and create solutions that will help them achieve their goals. An experience gained over 8 decades serves as the springboard to future success of the Peerless Group. KEY FACTS • Peerless has a net worth of around Rs. 1,500 Crs and is managed by a professional board • Peerless is a diversified business conglomerate with interests in Financial Services, Healthcare, Hospitality, Travel and Real Estate • Peerless has serviced more than 5 Crores customers • A countrywide footprint covering urban, semi urban and rural geographies • Experienced management team with strong credentials • Sound investment philosophy and strategy coupled with robust processes and risk management PEERLESS TRUST MANAGEMENT COMPANY LIMITED BOARD OF DIRECTORS Mr. S. B. Ganguly, Chairman He was Chairman of Exide Industries and has been associated with no. of reputed public & private sector corporates including companies in financial sector like ING Vysya Life Insurance Co. Ltd. He is currently on the board of corporates like Magma Fincorp Ltd., Magma ITL Finance Ltd. , Rupa & Co. Ltd. and Emami Ltd. etc. Mr. Sunil Mitra, Director He retired in June 2011 from the office of Revenue & Finance Secretary, Government of India after a successful 36 year career in the Indian Administrative Service (IAS). During his tenure in the Ministry of Finance, he led the Revenue teams in the formulation of the 2010 and 2011 Union Budgets and spearheaded several significant policy initiatives in public finance including a new disinvestment policy and taxation reforms. During his earlier tenures with the West Bengal Government, he led public policy reforms in the State-owned PSEs and the State’s power sector. He resides in Kolkata and is independent Director on the Boards of Edelweiss Financial Services Limited, IPE Global Pvt. Ltd. , Texmaco Rail & Eng. Ltd. , Nicco Park & Resorts Ltd. and Magma HDI General Insurance Co. Ltd. PEERLESS TRUST MANAGEMENT COMPANY LIMITED BOARD OF DIRECTORS Mr. S. K. Roy, Director He is engaged in the distribution of financial products like General & Life Insurance and Mutual Funds. He has also been instrumental in expanding Peerless into a diversified conglomerate. In recognition of his signal contribution in diverse spheres, Mr. S. K. Roy has been honored with "Padma Shri" by the Government of India amongst several other awards and accolades . He is on the Board of various Peerless Group companies including Peerless Trust Management Company Limited. He is also the Executive Committee Member of Federation of Indian Chamber of Commerce & Industry (FICCI). PEERLESS FUNDS MANAGEMENT COMPANY LIMITED BOARD OF DIRECTORS CHAIRMAN Mr. Partho Sarothy Datta, Chairman He is currently on the board of HDFC Bank and many other reputed companies. He was Finance Director with the Murugappa group & INDAL. He has vast experience in Finance related areas including M&A and Capital Market Strategy. He was also on the board of Cholamandalam Finance and Cholamandalam AMC. Mr. Sanjoy Bhattacharyya, Director He is an IIM A - Graduate , a former CIO of HDFC Mutual Fund & Director of UBS Equity research. He has vast experience in Capital Markets & Investment Management, having managed money across equity & debt including hedge funds for both local & global investors. He is presently Managing Partner of Fortuna Capital. PEERLESS FUNDS MANAGEMENT COMPANY LIMITED BOARD OF DIRECTORS Mr. Malay Kumar Ghosh, Director Mr. Malay Kumar Ghosh holds a Masters in Statistics from the Indian Statistical Institute, Kolkata with specialization in Statistical Quality Control and Operations Research. Mr. Ghosh was a non-executive Director of Reliance Life Insurance Company Limited and has close to 30 years of enriching experience in the insurance industry having worked for insurance behemoths like Life Insurance Corporation of India and Bajaj Allianz Life insurance Co. Ltd. Mr. Soumendra Mohan Basu, Director Mr. Soumendra Mohan Basu holds a Bachelor of Arts degree with Honors in English Literature from Presidency College and is a certified Executive Coach. Mr. Basu has around 33 years of vast experience in the banking industry in areas of planning, credit, marketing, operations and consumer banking having worked for banks like State Bank of India, ANZ Grindlays Bank and Standard Chartered Bank . He has also been associated with the Manpower Group, first as the Executive Chairman of Manpower Services India Pvt. Ltd. and then as Executive Adviser for workforce/skills development and Government/Industry relations. He is also a Non-Executive Director on the Boards of Endurance Technologies Pvt. Ltd. and India Carbon Ltd. PEERLESS FUNDS MANAGEMENT COMPANY LIMITED BOARD OF DIRECTORS Mr. Jayanta Roy, Director Hailing from an entrepreneurial family which pioneered financial services in the RNBC sector in the country, Mr. Roy is presently Managing Director & CEO of Peerless Financial Products Distribution Ltd. He is the prime force behind driving the financial product distribution business. He was formerly Director – Corporate Planning & Strategy of PGFI and 'Group Corporate Coordinator' of the company. He had also been President of Indian Chamber of Commerce (ICC), where he contributed significantly to giving a new direction to ICC's future growth path. He is currently on the Boards of Peerless group companies including Peerless Funds Management Company Limited. PEERLESS FUNDS MANAGEMENT COMPANY LIMITED BOARD OF DIRECTORS Mr. Rajiv Shastri - Managing Director & CEO Rajiv Shastri is a qualified Chartered Accountant and also holds a Post graduation degree in Economic Management & Policy from University of Strathclyde, Glasgow. He has over 17 years of experience in the mutual fund industry with considerable exposure with entities & fund houses like DSP Merrill Lynch, Birla Sunlife, HDFC and ABN AMRO in investment related functions, corporate & Institutional relationships, risk control methodologies, procedures & tools, product development, etc. Mr. Shastri had also been responsible for driving business led growth with Sahara Mutual Fund, Lotus Mutual Fund, where he had achieved phenomenal growth through increased brand awareness measures, management of different verticals, managing strategic partnerships with stakeholders etc. His last assignment was with Pramerica Mutual Fund as Director & Business Head – Portfolio Management Services and Products with overall responsibility for establishing & managing the portfolio management business and developing asset management products. PEERLESS FUNDS MANAGEMENT COMPANY LIMITED HEAD EQUITIES Mr. Amit Nigam Mr. Nigam brings in over 13 years of relevant industry experience to his new role. His ability to blend top down macro view with bottom up research has been a key building block in sustaining a successful track record of long-only portfolio management in cash equities. Mr. Nigam joins Peerless Mutual Fund from BNP Paribas Investment Partners, Mumbai where he worked as a Senior Equity Portfolio Manager. Before that, he worked at BNP Paribas Mutual Fund as a Senior Equity Portfolio Manager & SBI Funds Management Pvt. Ltd., as an Equity Research Analyst. Earlier in his career Mr. Nigam served as an Assistant Manager in Reliance Industries Limited, Mumbai. Mr. Nigam has completed his B. E. Mechanical from the University of Roorkee. He followed it up with a PGDM from the Indian Institute of Management, Indore. PEERLESS FUNDS MANAGEMENT COMPANY LIMITED HEAD FIXED INCOME Mr. Ramesh Rachuri Mr. Rachuri brings in over 12 years of relevant industry experience to his new role having previously served, as Senior Fund Manager in