Kumari Capital has announced cash dividends for unit-holders of its three mutual fund schemes, along with the book closure date.
Kumari Capital has announced it will distribute cash returns to unit-holders of its three mutual fund schemes (collective investment plans) that it manages. Unit-holders of Kumari Equity Fund, Kumari Dhanabriddhi Yojana, and Kumari Sabal Yojana are set to receive up to 10 percent returns, which includes tax.
The dividend declaration is for all three schemes operating under the Kumari Collective Investment Fund, with Kumari Bank as the promoter and Kumari Capital acting as the scheme manager and depository.
As per the announcement, unit-holders of Kumari Equity Fund will receive a 10 percent cash dividend, inclusive of tax, amounting to 10 crore rupees. Unit-holders of Kumari Dhanabriddhi Yojana will get a 10 percent return, also including tax, which totals 12 crore 25 lakh 7 thousand rupees.
Similarly, unit-holders of Kumari Sabal Yojana will be distributed a cash dividend of 2.90 percent, including tax, which is 2 crore 15 lakh 97 thousand rupees.
For the purpose of distributing these dividends, the unit-holder registration book (book close) for all three mutual funds will be closed for one day on Bhadra 4. Accordingly, unit-holders whose names are registered through Nepse transactions up to Bhadra 3 will be eligible to receive dividend.
According to the capital, unit-holders who have pledged their units as collateral must compulsorily submit a ‘No Objection Letter’ (NOC) or release letter from their related bank or financial institution to receive their return. The company stated that only after the necessary documents are received, will the dividend be deposited into the bank account mentioned in the respective beneficiary account.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
