15% Cash Dividend announced for the unitholders of Laxmi Value Fund-1; latest reported NAV stands at Rs.11.58

Aug Fri 2019 09:53:16

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15% Cash Dividend announced for the unitholders of Laxmi Value Fund-1; latest reported NAV stands at Rs.11.58

Nepal Stock Exchange Limited (NEPSE) has published a notice regarding the dividend of Laxmi Value Fund-1 (LVF1).

As per the notice published, the 53rd BOD meeting has decided that the unitholders of Laxmi Value Fund-1 will be getting 15% cash dividend (Including tax) out of the profits of FY 75/76.

Laxmi Value Fund-1 (LVF1) is a closed-end 5 years mutual fund scheme managed by Laxmi Capital Market Limited. Recently, it has reported slight decrease in NAV by 0.25% to Rs 11.58 for the month of Asadh.

The scheme managed to distribute 25% cash dividend for the unit holders out of the profits of FY 74/75.