Peerless Mutual Fund has declared dividend under the monthly dividend option of Peerless Income Plus Fund (an open ended debt scheme). The record date for dividend was July 27, 2012.
The gross dividend was Rs. 0.0700 per unit for monthly dividend option as on the record date, net of which will be tax free in the hands of investors. Dividend is being declared on the face value of Rs.10/- per unit. The Ex-Dividend NAV of Peerless Income Plus Fund - monthly dividend option as on July 27, 2012, is Rs. 10.2203, 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 Income Plus 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 Scheme seeks to generate regular income through a portfolio of predominantly high quality fixed income securities and with a marginal exposure to equity & equity related instruments. However there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.
