Peerless Mutual Fund declares dividends under its two open ended schemes
Peerless Mutual Fund has declared dividends under its two open ended monthly dividend options i.e. Peerless Ultra Short Term Fund and Peerless Liquid Fund. The record date for which was May 31, 2013. The dividends declared are as follows:
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 while Peerless Liquid Fund aims
to generate a high level of
liquidity with reasonable returns with low risk through a portfolio of money
market & debt securities.
Akshay Gupta, Managing Director & CEO of Peerless MF 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.”
