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 November 30th, 2012.
The gross dividend was Rs. 0.0685 per unit for retail plan and Rs.0.0886 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 November 30th, 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 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.
