India's "Peerless MF launches Short Term Fund" says Indian website MoneyControl. It says, "Peerless Mutual Fund has launched Peerless Short Term Fund, an open-ended debt scheme. The investment objective of the sacheme is to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. The new fund offer (NFO) opens for subscription on August 17, 2010."

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