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 August 31, 2012.
The gross dividend was Rs. 0.0767 per unit for retail plan and Rs.0.0913 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 August 31, 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, 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 invests 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.
