Peerless
Mutual Fund has declared dividend under the monthly dividend option of Peerless
Short Term Fund (an open ended debt scheme). The record date for dividend was
August 10, 2012.
The
gross dividend was Rs. 0.0938 per unit for monthly dividend option as on the
record date net of which will remain tax free in the hands of investor.
Dividend is being declared on the face value of Rs.10/- per unit. The Ex-NAV of Peerless Short Term
Fund monthly dividend option as on August 10, 2012, is Rs. 10.8056, after
considering the Dividend Payout and statutory levies, if any.
On
the announcement of the dividend, Mr.
Akshay Gupta, CEO of Peerless AMC said, “The Peerless 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
objective of the fund is to generate income and capital appreciation by
investing in both debt and money market securities. 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.
