Laxmi Value Fund -1 offers impressive 25% cash dividend

Laxmi Value Fund 1 has proposed 25 percent cash dividend to its unit holders. As per the notice published on Nepal Stock Exchange today, the BOD meeting of the company held on Shrawan 16, 2073 has proposed 25 percent cash dividend to its unit holders. The decision is subjected to approval from concerned authorities. (LVF-1), a closed-ended 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has been steadily growing.  Its Net Asset Value (NAV) has risen to Rs 15.38 by the end of Ashad. The scheme, which began with a fund size of Rs 50 crore, has invested Rs. 53.78 crore in the shares of listed companies and Rs 43.25 lakh in public issues. The scheme has invested in 467.462 unit shares in 48 listed companies. Its Last Traded Price (LTP) stood at Rs 14.90 at NEPSE on July 31, 2016.