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 September 10, 2012.
The gross dividend was Rs. 0.0838 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 September 10, 2012, is Rs. 10.8056, after considering the dividend pay-out and statutory levies, if any.
“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,” said Akshay Gupta, CEO of Peerless AMC.
Peerless Short Term 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.
