Laxmi Equity Fund (LEMF) Proposes 8 Percent Cash Dividend

July 31, 2023 | Investopaper

Laxmi Equity Fund (LEMF) has declared the dividend to its unit-holders. The dividend announcement is from the fiscal year 2079/80.

LUK has proposed an 8 percent cash dividend including for tax. The board meeting of Laxmi Capital Limited held on Shrawan 14, 2080 BS [July 30, 2023]made the announcement about the dividend.

Related: Laxmi Unnati Kosh (LUK) Dividend Announcement

From the previous fiscal year 2078/79, the scheme had distributed a 5 percent dividend. Similarly, from the fiscal year 2077/78, Laxmi Equity Fund had distributed a 35 percent cash dividend to its unit holders. Likewise, from the FY 2076/77, the scheme had provided a 4.25 percent cash dividend.

Laxmi Equity Fund is a close-ended scheme under Laxmi Mutual Fund. It has the fund size of NPR. 1.25 Arba. The fund has a maturity period of 7 years. It will mature on June 11, 2024. The scheme was allotted to the unitholders on June 12, 2017.

Laxmi Capital Limited is the fund manager of the scheme.

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