Siddhartha Investment Growth Scheme-1 & Siddhartha Equity Oriented Scheme proposes 60% & 25% cash dividend respectively; SIGS1 matures on Dec 24, 2017

Siddhartha Investment Growth Scheme-1 (SIGS1) and Siddhartha Equity oriented Scheme (SEOS) have declared 60% and 25% cash dividend respectively to its unit holders. As per the notice published in Nepal Stock Exchange today (NEPSE), the BOD meeting of the company held today (Bhadra 4, 2074) has decided to distribute 60% and 25% cash dividend to the unitholders of Siddhartha Investment Growth Scheme-1 and 25% and Siddhartha Equity Oriented scheme respectively. The decision is subjected to approval from concerned authorities. Both the mutual fund schemes are a closed-ended 5 years mutual fund scheme managed by Siddhartha Capital Limited. Last year, SIGS1 and SEOS had distributed 30% & 16% cash dividend respectively to its unit holders. SIGS1 scheme began with a total fund of Rs 50 crore and has invested Rs 87.73 crore in 75 listed companies’ shares. It has net asset value (NAV) of Rs 26.95 as of Ashad end . SEOS scheme began with a total fund of Rs 100 crore and has invested Rs 99.3 crore in 95 listed companies’ shares. It has net asset value (NAV) of Rs 15.4as of Ashad end . SIGS1’s Last Traded Price (LTP) stood at Rs 27 at NEPSE on August 17, 2017 while SEOS LTP stood at Rs 13.49.