Eligibility for Participation

  • The Distributor parent (also ARN Holder) should be empanelled with Peerless Mutual Fund
  • The Distributor parent should open a bank account in the name of the minor daughter with the distributor parent as guardian and authorised signatory

Documents required for registering

  • Birth Certificate of daughter
  • School Mark sheet in case she is more than 5 years old
  • Bank account pass book and cancelled cheque of the account in the name of the minor daughter with the distributor parent as guardian

Registration Process

  • Take a photocopy of all the above documents
  • Clearly write the name of the ARN holder, ARN Number on each of the copies along with the ARN holder’s signature
  • Take photographs of each of the documents and send it by WhatsApp to 70458 96375 from your registered phone number or E mail it to mail@betishiksha.com from your registered email ID
  • Mail or courier the photocopies of the documents mentioned above, along with a covering letter to
    Peerless Funds Management Co Limited
    102, Centrepoint
    J. B Nagar, Andheri Kurla Road
    Andheri (East)
    Mumbai – 400 059
    Toll Free Number : 1800 103 8999
    email id : connect@peerlessmf.co.in
    CIN:U65990WB2009PLC134537

    Click Here to download the covering letter

Terms & Conditions

  • This Special Education Incentive “Beti Shiksha Abhiyaan (BSA)” will be available to all IFAs who
    • Hold a valid AMFI/NISM certificate
    • Are empanelled with Peerless Mutual Fund
    • Have a daughter of less than 18 years of age and
    • Comply with the registration requirements specified for the BSA
  • If the IFA activity is carried out through a proprietorship firm, the distributor parent and the Proprietorship Firm must have the same PAN
  • For daughters less than 5 years of age, registration would require just a self-attested birth certificate. For daughters of more than 5 years of age , additional document in form of duly attested school/college mark sheet or proof of continued enrollment will also be needed
  • This incentive will be paid in the name of one daughter, irrespective of the number of daughters the distributor parent has. The distributor parent may choose the daughter eligible for this scheme
  • All registered distributors will have to open a bank account in the name of eligible minor daughter before registration
  • This incentive will be paid annually in the month of June on the basis of the average AUM maintained by the ARN holder in the previous financial year in certain schemes of Peerless Mutual Fund at the rates specified click here. The first incentive payment will be made in June 2016 on the basis of the average AUM from July 1, 2015 to March 31, 2016. Cut-off date for registration for FY 2015-16 will be 31 March 2016.
  • Payout will be made only to the bank account opened by the distributor parent in the name of the minor daughter
  • The incentive rates inclusive of service tax and other government levies
  • Peerless Funds Management Co. Ltd reserves the right to change the structure at any time without prior notice. PFMCL also reserves the right to withhold commission on any transaction/application, at its sole discretion
  • PFMCL at its sole discretion may change incentives subject to change in SEBI/AMFI regulations including regulations involving expense ratio without prior intimation or notification. PFMCL shall not be responsible for any losses incurred by any one due to change in the commission structure. Taxes, if levied in future by the Govt. authorities will be applicable in all commission/incentive payments
  • All eligible distributors should abide by the code of conduct and rules/regulations laid down by SEBI and AMFI from time to time including disclosure of all commissions (in the form of trail commission or any other mode) payable to them for different competing schemes of various mutual funds from amongst which the scheme is being recommended to the investor. Please ensure compliance
  • PFMCL will be the final authority for payment of incentive in case of dispute arising out of the business canvassed

To know more about our schemes visit our website www.peerlessmf.co.in