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Peerless Equity declares dividend
Peerless Mutual Fund has announced dividend under the dividend option of Peerless Equity-D and Peerless Equity Direct-D. The quantum of dividend shall be R1 per unit.
The record date has been fixed as November 26, 2014.
The fund house has introduced Systematic Investment Plan (SIP) facility in Peerless Liquid Fund as per the following table. The starting date for SIP can be 1st, 7th, 10th, 15th, 20th, 25th of every month/quarter and every alternate Wednesday of every fortnight.
| Frequency | Minimum amount (R) | Minimum Number of installments | |||
| Monthly | 500 | 12 | |||
| Fortnightly | 500 | 24 | |||
| Quarterly | 1000 | 4 | |||
| Half-yearly | 2000 | 2 |
The fund house has introduced fortnightly frequency in SIP facility of all schemes. The minimum amount of each installment is R500 with a minimum of 24 installments.
The fund house has also introduced daily frequency in Systematic Transfer Plan (STP) facility of all schemes. The minimum amount of STP is R50 per day.
The effective date for above changes is November 24, 2014.
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