NMB Sulav Investment Fund-1 announces 21.05% cash dividend

NMB Sulav Investment Fund-1 (NMBSF1) has proposed 21.0563 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 Bhadra 11, 2074 has decided to distribute 21.06  percent cash dividend to its unit holders. The decision is subjected to approval from concerned authorities. Last year also, NMBSF1 had distributed 20% cash dividend from the profit it made in the fiscal year 72/73. NMBSF1 a 5 years close-ended mutual fund scheme managed by NMB Capital Limited. Its NAV stood at Rs 16.64 in the Asadh end. The scheme was launched with a total fund of Rs 75 crore, has investment of Rs 61.52 crore in the shares of listed companies and Rs 2.46 crore in public issues. Its Last Traded Price (LTP) stood at Rs 14.72 at NEPSE as on August 27, 2017.