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 October 25, 2012.
The
gross dividend was Rs. 0.0574 per unit for Retail Plan and Rs.0.0702 per unit
for Super Institutional Plan for the respective Monthly Dividend Option net of
which will be tax free in the hands of investors, 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 October 25, 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.
“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,” said Akshay Gupta, Managing
Director & CEO of Peerless Funds Management Company Ltd.
Peerless Ultra Short Term Fund aims to provide
optimal returns and liquidity to the investors by investing primarily 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.
