Peerless Mutual Fund has declared dividend under the Monthly Dividend Option for Retail, Super Institutional & Direct Plan of Peerless Ultra Short Term Fund (an open ended debt scheme). The record date for dividend was February 22nd, 2013. The dividend declared is as follows:
|
Scheme |
Face Value per unit ( Rs.) |
Ex NAV (Rs.) |
*Gross Dividend Rate per unit (Rs.) |
|
Peerless Ultra Short Term Fund – Monthly Dividend option - Retail Plan |
10 |
10.0461 |
0.0487 |
|
Peerless Ultra Short Term Fund – Monthly Dividend option - Super Institutional Plan |
10 |
10.0601 |
0.0644 |
|
Peerless Ultra Short Term Fund – Monthly Dividend option - Direct Plan |
10 |
10.1311 |
0.0671 |
*The
net of Dividend declared is tax free in the hands of the investor.
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 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.
