First Divided of FY 2078/79: Laxmi Unnati Kosh and Laxmi Equity Fund Proposes 5% Cash Dividend

Laxmi Unnati Kosh (LUK) and Laxmi Equity Fund (LEMF) are distributing a 5% cash dividend each to its shareholders.

The 75th meeting of the board held on Shrawan 16 has proposed to distribute the 5% cash dividend (including tax) to the unitholders of LUK and LEMF for the fiscal year 2078/79. The book closure date has not been announced yet.

As of writing, the LTP of LUK is Rs. 9.70 and LEMF is Rs. 9.65. LEMF began with fund size of a fund size of Rs. 1.25 Arba whereas LUK with a fund size of Rs. 65.2 Crores.

Laxmi Unnati Kosh has reported a net profit of Rs. 3.18 crores in the month of Ashad and Laxmi Equity Fund has reported a net profit of Rs. 1.39 crore. The NAV of LUK as of Ashad end stands at Rs. 10.56 and NAV of LEMF stands at Rs. 10.52.