Peerless Mutual Fund has declared dividend under the Monthly Dividend Option for Retail & Super Institutional Plan of Peerless Liquid Fund (an open ended Liquid scheme). The record date for dividend was July 27, 2012.
The gross dividend was Rs. 0.0598 per unit for Retail Plan and Rs.0.0728 per unit for Super Institutional Plan for the respective Monthly Dividend Option, as on the record date. Dividend is being declared on the face value of Rs.10/- per unit. The Ex- Dividend NAV of Peerless Liquid Fund - Monthly Dividend option as on July 27, 2012, is Rs.10.0010 under Retail Plan & Rs.10.0011 under Super Institutional Plan, after considering the Dividend Payout and statutory levies, if any.
On the announcement of the dividend, Akshay Gupta, Managing Director & CEO of Peerless Funds Management Company Ltd., said, “ Peerless Liquid 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.”