NIBL Pragati Fund, NIBL Samriddhi Fund 1 and NIBL Sahabhagita Fund Proposed Cash Dividend for FY 2077/78

The 89th meeting of the board held on Shrawan 14 has proposed a 50% cash dividend (including tax) for NIBL Pragati Fund Limited for the fiscal year 2077/78. The cash dividend is worth Rs 37.50 crore.

NIBL Pragati Fund (NIBLPF), a 7 years closed-end mutual fund scheme managed by NIBL Ace Capital Limited, a wholly-owned subsidiary of Nepal Investment Bank.

Similarly, The 89th meeting of the board held on Shrawan 14 has proposed a 35% cash dividend (including tax) for NIBL Samriddhi Fund 1 (NIBSF1) for the fiscal year 2077/78. The cash dividend is worth Rs 35 crore.

NIBL Samriddhi Fund-1 (NIBSF1), a 7-year closed-end mutual fund scheme managed by NIBL Ace Capital Limited.

Whereas, The 89th meeting of the board held on Shrawan 14 has proposed a 50% cash dividend (including tax) for NIBL Sahabhagita Fund (NIBLSF) for the fiscal year 2077/78. 

NIBL Sahabhagita Fund is NIBL Ace Capital's fund scheme and is the first open-ended fund. This fund is not tradable at Nepal Stock Exchange like other closed-ended funds and it has no fixed maturity period.