Laxmi Unnati Kosh (LUK) Proposes 25% Cash Dividend for FY 2077/78

Tue, Jul 20, 2021 3:40 PM on Dividend, Bonus & Rights, Latest,

Laxmi Unnati Kosh (LUK) has proposed a 25% cash dividend for the fiscal year 2077/78.

Laxmi Unnati Kosh (LUK) 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. This is the first time the fund has proposed cash dividend. 

As of writing, the LTP of the units of the mutual fund stands at Rs. 12.95 per unit.