Peerless Mutual Fund has declared dividends under its three open ended schemes i.e. Peerless Liquid Fund, Peerless Income Plus Fund and Peerless Ultra Short Term Fund. The record date for which was July 26, 2013. The Dividend declared is as follows:
|
Schemes |
Face Value per unit (Rs.) |
Ex NAV (Rs.) |
*Gross Dividend Rate per unit (Rs.) |
|
Peerless Liquid Fund – Monthly Dividend option - Retail Plan |
10 |
10.0044 |
0.0366 |
|
Peerless Liquid Fund – Monthly Dividend option - Super Institutional Plan |
10 |
10.0045 |
0.0542 |
|
Peerless Liquid Fund – Monthly Dividend option - Direct Plan |
10 |
10.0049 |
0.0552 |
|
Peerless Income Plus Fund - Monthly Dividend option (Regular Plan) |
10 |
10.3544 |
0.07 |
|
Peerless Income Plus Fund - Monthly Dividend option (Direct Plan) |
10 |
10.6107 |
0.07 |
|
Peerless Ultra Short Term Fund – Monthly Dividend option - Super Institutional Plan |
10 |
10.0601 |
0.0039 |
|
Peerless Ultra Short Term Fund – Monthly Dividend option - Direct Plan |
10 |
10.1311 |
0.0054 |
Peerless Liquid Fund aims to provide a high level of liquidity with reasonable returns by investing in a portfolio of money market & debt securities while Peerless Income Plus fund seeks to generate regular income through a portfolio of predominantly high quality fixed income securities and with a marginal exposure to equity & equity related instruments. Also, Peerless Ultra Short Term Fund aims to provide optimal returns 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.
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.”
