Peerless UST Fund declares dividend under Monthly Dividend Options

India Infoline News Service | Mumbai |

The record date for dividend was May 31, 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 May 31, 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

0.0766

Peerless Ultra Short Term Fund – Monthly Dividend option - Super Institutional Plan

10

10.0601

0.0920

Peerless Ultra Short Term Fund – Monthly Dividend option - Direct Plan

10

10.1311

0.0961


*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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