Cash Dividend Declarations: 10.5% Return for Kumari Sunaulo Lagani Yojana, 9.5% for Kumari Equity Fund and 9.50% for Kumari Dhanabriddhi Yojana
Tue, Aug 27, 2024 9:57 AM on Dividend, Bonus & Rights, Mutual Fund, NEPSE News, Latest,
Kumari Sunaulo Lagani Yojana (KSLY), Kumari Equity Fund (KEF), and Kumari Dhanabriddhi Yojana (KDBY) have declared the dividend for the fiscal year 2080/81 respectively.
The 70th meeting of the board of directors of Kumari Capital Limited held on Bhadra 10 has decided to distribute a 10.5% return to Kumari Sunaulo Lagani Yojana (KSLY), a 9.5% cash dividend (including tax) worth Rs. 9,50,00,000 to the unitholders of Kumari Equity Fund (KEF), and 9.5% cash dividend (including tax) worth Rs. 11,63,81,896.05 to the unitholders of Kumari Dhanabriddhi Yojana (KDBY) for the fiscal year 2080/81.
Kumari Sunaulo Lagani Yojana (KSLY) is an open-ended fund, Kumari Equity Fund (KEF), and Kumari Dhanabriddhi Yojana (KDBY) are closed-end mutual funds, each with a maturity period of 10 years. These funds are sponsored by Kumari Bank Limited and managed by Kumari Capital.
For the month of Ashadh, the Net Asset Value (NAV) of KEF is reported at Rs. 10.96, while it closed at Rs. 9.80. Additionally, the NAV of KDBY is Rs. 11.50, with its closing value at Rs. 10.69. Similarly, the NAV of KSLY stands at Rs. 11.84.