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 January 24, 2013.
The
gross dividend was Rs. 0.0555 per unit for Retail Plan and Rs.0.0699 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
January 24, 2013, is Rs.10.0461 under Retail Plan & Rs.10.0601 under Super
Institutional Plan, after considering the Dividend Payout and statutory levies,
if any.
On
the announcement of the dividend, Mr. Akshay Gupta, Managing Director & CEO
of Peerless Funds Management Company Ltd., said, “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.”
The scheme seeks 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.
