Kumari Dhanabriddhi Yojana (KDBY) to Provide 9.50 Percent Dividend
August 27, 2024 | Investopaper
Kumari Dhanabriddhi Yojana (KDBY) has declared the dividend to its unit-holders. The dividend announcement is from the fiscal year 2080/81.
KDBY has proposed a 9.5 percent cash dividend including for tax. The dividend amounts to Rs 11.63 crores. The board meeting of Kumari Capital Limited held on Bhadra 10, 2081 BS [August 26, 2024] made the announcement about the dividend.
From the previous fiscal year 2079/80, KDBY had distributed a 6 percent cash dividend that amounted to Rs. 7.32 crores. Likewise, from the fiscal year 2078/79, the scheme didn’t provide any dividend to the unit holders.
Kumari Dhanabriddhi Yojana (KDBY) is a close-ended mutual fund scheme promoted by Kumari Bank Limited under ‘Kumari Mutual Fund’. It has a fund size of Rs 122 crores.
Kumari Capital Limited is the fund manager of the scheme.
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