Peerless Mutual Fund has declared dividend under the monthly dividend option for retail & super institutional plan of Peerless Ultra Short Term Fund (an open ended debt scheme). The record date for dividend was July 27, 2012.
The gross dividend was Rs. 0.0649 per unit for retail plan and Rs.0.0762 per unit for super institutional plan for the respective monthly dividend option, as on the record date. Dividend is being declared on the face value of Rs.10/- per unit. The Ex- Dividend NAV of Peerless Ultra Short Term Fund - monthly dividend option as on July 27, 2012, is Rs.10.0461 under Retail Plan & Rs.10.0601 under Super Institutional Plan, after considering the dividend payout and statutory levies, if any.
On the announcement of the dividend, Mr. Akshay Gupta, Managing Director & CEO of Peerless Funds Management Company Ltd., said, “Peerless Ultra Short Term Fund aims to provide regular returns in the form of dividend to investors seeking a steady income and we at Peerless Mutual Fund are glad to successfully meet this objective with regular dividend declaration.”
The fund aims to provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity at the same time maintaining a balance between safety and liquidity. However there can be no assurance that the investment objective of the scheme will be achieved.
