Siddhartha Equity declares 12% cash dividend for its unit holders; Distributing Rs 12 crore cash dividend despite loss of Rs 13.59 crore

Sun, Aug 12, 2018 6:20 AM on Latest, Mutual Fund, Stock Market,

Siddhartha Capital Limited has announced 12% cash dividend for unit holders of Siddharha Equity Oriented Scheme (SEOS).

The mutual fund scheme will be distributing Rs 12 crore as cash dividend for its unit holders. After the distribution of cash dividend, its adjusted NAV will stand at Rs 10.143.

The book closure for the purpose of cash dividend will be done on Bhadra 04, 2075 i.e. the unitholders holding the shares of SEOS till Bhadra 03 shall be eligible for the 12% cash dividend.

As per its NAV report for the month of Ashadh 2075, its net loss stood at Rs 13.59 crore. Still the fund has managed to provide 12% cash dividend for its unit holders. As per the report of Ashadh 2074 its NAV stood at Rs 15.40 while NAV of the fund as on Ashadh 2075 stands at Rs 11.54.