Nabil Equity Fund Proposes 40% Dividend, Nabil Balanced Fund 2 Proposes 35%

Nabil Equity Fund (NEF) has proposed a 40% cash dividend for the fiscal year 2077/78. The cash dividend is worth Rs. 50 crores and it also includes the tax for the dividend.

Nabil Equity Fund (NEF) is a closed-end 7-year mutual fund scheme managed by Nabil Investment Banking Limited with Nabil Bank Limited as the fund sponsor. It has reported a net profit of Rs. 16.24 crore till the month of Shrawan, 2078 which was Rs 99.43 crores in the previous month.

As of writing, NEF has an LTP of Rs. 15.23.

Similarly, Nabil Balanced Fund 2 (NBF2) has proposed a 35% cash dividend for the fiscal year 2077/78. The cash dividend is worth Rs. 39.2 crores and it also includes the tax for the dividend.

Nabil Balanced Fund 2 (NBF2) is Nabil Investment Banking Limited's third mutual fund scheme and is a 10-year closed-end fund. The scheme is managed by Nabil Investment Banking Limited with Nabil Bank Limited as the fund sponsor. It has reported a net profit of Rs. 14.83 crore till Shrawan, 2078. The fund was at a net profit of Rs. 82.18 crore in the previous month.

As of writing, NBF2 has an LTP of Rs. 14.99.