NMB Sulav Investment Fund-1 announces 20% cash dividend

NMB Sulav Investment Fund-1 (NMBSF-1) has proposed 20 percent cash dividend to its unit holders. As per the notice published on Nepal Stock Exchange today, the BOD meeting of the company held today (Bhadra 24, 2073) has proposed 20 percent cash dividend to its unit holders. The decision is subjected to approval from concerned authorities. NMBSF-1 a closed-end 5 years mutual fund scheme NAV remains at Rs 19.03 at the end of Shrawan 2073. The mutual scheme which began with a total fund of Rs 75 crore, has invested Rs 90.61 crore in the listed share of total 74 listed companies and Rs 3.99 crore in public issues, right and bonus share. The fund has collected Rs 7.50 crore in fixed deposits. Its Last Traded Price (LTP) stood at Rs 16.26 at NEPSE on September 8, 2016.