Kolkata-based, Peerless Funds Managment Company (PFMCL), a wholly-owned subsidiary of Peerless General Finance & Investment Company, has received Sebi's approval to launch mutual fund business in the country.
With this Peeless has become the latest entrant in the domestic fund market which already has 37 players. Peerless has plans to launch its firs set of products early next year.
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