Peerless Ultra Short Term Fund declares dividend under its Monthly Dividend Options

India Infoline News Service | Mumbai |

The record date for dividend was April 26th, 2013

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 April 26th, 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 0.0762
Peerless Ultra Short Term Fund – Monthly Dividend option - Super Institutional Plan 10 10.0601 0.0889
Peerless Ultra Short Term Fund – Monthly Dividend option - Direct Plan 10 10.1311 0.0918












*The net of Dividend declared is tax free in the hands of the investor.

The Ex Dividend NAV is calculated after considering Dividend Payout & statutory levies, if any.


On the announcement of the dividend, 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.”

 

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