Laxmi Value Fund-1 unit holders to get 25% dividend

Published On: August 4, 2016 09:11 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Aug 4: Laxmi Value Fund-1 has announced that it will provide 25 percent cash dividend to its unit holders.

Issuing a statement on Thursday, Laxmi Capital Market Ltd, the fund manager of the scheme, said that the proposal to distribute the cash dividend has already been endorsed by the board of directors of Laxmi Capital Market Ltd and its board of fund supervisors.

"At a time when investors are getting low cash dividend, the dividend proposal would attract investors toward mutual funds," the statement added.

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