The gross dividend was Rs. 0.8000 per unit for Quarterly 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 Quarterly Dividend option as on December 18, 2012, is Rs. 11.7863, after considering the Dividend Payout and statutory levies, if any.
On the announcement of the dividend, Mr. Akshay Gupta, CEO of Peerless Funds Management Company Ltd., said, “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.”
The fund aims to generate income and capital appreciation by investing in debt and money market securities. However there is no assurance or guarantee that the investment objective of the scheme will be achieved.
