Laxmi Unnati Kosh (LUK) Distributing 25% Cash Dividend to Unitholders from Today

Laxmi Unnati Kosh (LUK) is distributing a 25% cash dividend directly to the bank accounts of its shareholders from today, i.e. Shrawan 19.

LUK is distributing a 25% cash dividend for the fiscal year 2077/78. Shrawan 13 was the book closure date. Thus, investors maintained before that day are entitled to the dividend payout.

Laxmi Unnati Kosh is a closed-end mutual fund managed by Laxmi Capital and promoted by Laxmi Bank. This is the mutual fund's first dividend. The 67th meeting of the board held on Shrawan 05 decided to distribute the dividend. The NAV for the month of Jestha stands at Rs. 15.25. Laxmi Unnati Kosh reported a net profit of Rs. 34.25 crores the month of Jestha. In the previous month, the net profit was Rs. 26.25 crores.

For those who have not authenticated their bank account in their Demat accounts and for those who have not dematerialized their shares, the cash dividend will be distributed only after they complete the necessary procedure. Furthermore, investors who have taken margin loans against the units of the fund are required to present a No Objection Letter or a Release Letter, depending on when they took the loan.

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