Sunrise First Mutual Fund Announces 16 Percent Dividend From FY 2079/80

August 11, 2023 | Investopaper

Sunrise First Mutual Fund (SFMF) has announced dividend to its unit-holders. The dividend announcement is from  the fiscal year 2079/80.

SFMF has proposed a 16 percent cash dividend worth Rs 13.76 crores. The board meeting of Sunrise Capital Limited held on Shrawan 25, 2080 BS made the announcement about the dividend.

From the previous fiscal year 2078/79, the scheme had distributed a 12 percent cash dividend worth Rs 10.32 crores. Likewise, in the fiscal year 2077/78, SFMF had provided a 50 percent cash dividend to its unitholders that amounted to Rs. 43 crores. Similarly, in the fiscal year 2076/77, the mutual fund scheme had distributed a 7 percent cash dividend worth Rs 6.02 crores.

Sunrise First Mutual Fund (SFMF) is a close-ended equity scheme. It has the fund size of Rs 86 crores. The fund has a maturity period of 10 years. The scheme issued shares to the pubic from Ashoj 8, 2076.

Sunrise Capital Limited is the fund manager of the scheme.

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