Sanima Bank-Promoted mutual funds announce up to 15% cash dividends

KATHMANDU, SEPTEMBER 1: Sanima Bank-promoted mutual funds have announced dividends for three of their schemes.

These dividends have been declared from the profits accumulated up to the last fiscal year. The Sanima Equity Fund has announced a 15% cash dividend, which is among the highest declared by mutual funds to date. Similarly, Sanima Large Cap and Sanima Growth Fund have both announced a 10% cash dividend.

Mutual funds promoted by NIC Asia Bank, Laxmi Sunrise Bank, and Kumari Bank have also announced dividends.

The face value of each mutual fund unit is Rs 10, and the dividends are calculated based on this value. For example, if a mutual fund declares a 12% dividend, the payout would be 12% of Rs 10 or NPR 1.20 per unit.