August 13, 2023 | Investopaper
Kumari Equity Fund (KEF) has declared the dividend to its unit-holders. The dividend announcement is from the fiscal year 2079/80.
KEF has proposed a 10 percent cash dividend including for tax. The dividend amounts to Rs 10 crores. The board meeting of Kumari Capital Limited held on Shrawan 25, 2080 BS [August 10, 2023] made the announcement about the dividend.
From the previous fiscal year 2078/79, the scheme didn’t provide any dividend to the unit holders. Likewise, in the fiscal year 2077/78, KEF had distributed a 5 percent cash dividend that amounted to Rs. 5 crores.
Kumari Equity Fund (KEF) is a close-ended mutual fund scheme promoted by Kumari Bank Limited under ‘Kumari Mutual Fund’. It has a fund size of Rs 100 crores.
Kumari Capital Limited is the fund manager of the scheme.