LS Capital Limited has announced the dividend payouts for three of its mutual fund schemes for the fiscal year 2080/81. The decision was made during the 144th board meeting held on Shrawan 14.
Shubha Laxmi Kosh (SLK) will distribute a 7.5% return to its unitholders. Laxmi Value Fund 2 (LVF2) will give a 4.5% cash dividend, including tax, and Laxmi Unnati Kosh (LUK) will also distribute a 7.5% cash dividend, including tax, to its unitholders for the same fiscal year.
SLK is an open-ended fund, while LVF2 is a closed-end fund with a 10-year maturity period. LUK is another closed-end fund with a 7-year maturity period. All these mutual funds are sponsored by Laxmi Sunrise Bank and managed by LS Capital.
For the month of Ashadh, the Net Asset Value (NAV) of LUK was Rs. 10.79, closing at Rs. 9.68. The NAV of SLK was Rs. 10.76. LVF2’s NAV stood at Rs. 10.67, with a closing value of Rs. 9.25.