Today is the last day to grab the 35% cash dividend of the Laxmi Equity Fund (LEMF). Shrawan 15 is the book closure date. Thus, investors maintained till today, i.e. before Shrawan 15 are entitled to the dividend payout.
The 68th meeting of the board held on Shrawan 07 proposed a 35% cash dividend for Laxmi Equity Fund for the fiscal year 2077/78. LEMF is a closed-end, equity-oriented mutual fund scheme with a maturity period of 7 years. The fund is promoted by Laxmi Bank and managed by Laxmi Capital Market Limited.
LEMF had distributed a 4.25% cash dividend for the fiscal year 2076/77.
Laxmi Unnati Kosh, another mutual fund managed by Laxmi Capital also recently declared a 25% cash dividend for the fiscal year 2077/78. The books have already been closed for this dividend proposal.