Laxmi Capital Market to distribute dividends to shareholders of Laxmi Equity Fund and Laxmi Unnati Kosh

KATHMANDU:Two collective mutual funds- Laxmi Equity Fund and Laxmi Unnati Kosh managed by Laxmi Capital Market Ltd have declared dividends and announced to distribute the returns of the last financial year.

A meeting of the board of directors of Laxmi Capital on Sunday decided to distribute eight percent of cash dividends to shareholders of Laxmi Equity Fund.

Similarly, Laxmi Unnati Kosh is going to distribute 9.5 percent cash (including tax) to its shareholders.

Both these schemes distributed five percent return each to their shareholders in the financial year 2021/22.

Both the schemes are promoted by Sunrise Bank and the scheme manager is Laxmi Capital Markets.