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
August 31, 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 August 31, 2012, is Rs. 10.2629, 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 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 aims to generate regular income through a portfolio of predominantly
high quality fixed income securities and with a marginal exposure to equity
& equity related instruments.
