Last trading day to grab 15% cash dividend of Laxmi Value Fund 1; book closure on Shrawan 28

Mon, Aug 12, 2019 6:17 AM on Book Closure, Latest, Mutual Fund,

Today is the last trading day to grab 15% cash dividend of Laxmi Value Fund-1 (LVF-1).

Laxmi Capital Market Limited had proposed 15% cash dividend (including tax) for the unit holders of Laxmi Value Fund-1 out of the profits of FY 75/76.

For this purpose, the book closure date will be on Shrawan 28, 2076. Investors holding scrips of the scheme till today (Shrawan 27, 2076) will be eligible to claim the dividend of the scheme.

Laxmi Value Fund-1 (LVF1) is a closed-end 5 years mutual fund scheme managed by Laxmi Capital Market Limited. Recently, it has reported slight decrease in NAV by 0.25% to Rs.11.58 for the month of Asadh.

The scheme managed to distribute 25% cash dividend for the unit holders out of the profits of FY 73/74.