Last Day to grab the units of Sanima Equity Fund (SAEF) and get 7% dividend

Today is the last trading day to take hold of the units of the Sanima Equity Fund (SAEF) in order to get its dividend.

The mutual fund has already proposed the dividend for the fiscal year 2076/77. Out of the total fund size of Rs. 1.30 Arba, the mutual fund scheme has proposed to distribute a 7% dividend totaling Rs. 9.10 crores. Last fiscal year (FY 2075/76), the fund had distributed a 10% dividend.

The book closure date for the dividend is on Kartik 14. Thus, unitholders maintained until that date are entitled to the dividend payout. This means that investors should take hold of the units of the mutual fund by today, i.e. Kartik 13 to be entitled to the dividend payout.

Meanwhile, the NAV and net profit has risen for Sanima Equity Fund on Bhadra. Sanima Equity Fund's NAV has risen to Rs. 12.52 compared to the previous Rs. 11.71 for the month of Shrawan. Also, the fund saw a net profit of Rs. 14.70 crores for the month of Bhadra. The profit was only Rs. 4.25 crores last month.