When's the Book Closure Date for 35% Cash Dividend of Laxmi Equity Fund (LEMF)?

Laxmi Capital has announced the book closure date for the dividend of the Laxmi Equity Fund (LEMF). Investors maintained before Shrawan 15 are entitled to the dividend payout. Books will be closed on Shrawan 15 for the same purpose.

The 68th meeting of the board held on Shrawan 07 proposed a 35% cash dividend for Laxmi Equity Fund for the fiscal year 2077/78. LEMF is a closed-end, equity-oriented mutual fund scheme with a maturity period of 7 years. The fund is promoted by Laxmi Bank and managed by Laxmi Capital Market Limited.

LEMF had distributed a 4.25% cash dividend for the fiscal year 2076/77.

Laxmi Unnati Kosh, another mutual fund managed by Laxmi Capital also recently declared a 25% cash dividend for the fiscal year 2077/78.