Siddhartha Systematic Investment Scheme has announced a 3 percent cash dividend, including tax, for the fiscal year 2082/83, managed by Siddhartha Capital Limited.
The decision to distribute the dividend was made during the 206th Board of Directors’ meeting, which took place on Saun 8 at 3:15 PM. This meeting was held after the successful completion of the audit for the open-ended scheme. The scheme operates under the Siddhartha Mutual Fund, with Siddhartha Bank serving as the fund promoter and Siddhartha Capital acting as both the scheme manager and depository.
Unit holders who remain valid till Saun 8 will be eligible to receive this dividend. For existing unit holders, Siddhartha Capital has provided a convenient option. Given that it is an open-ended scheme, unit holders also has the choice to reinvest their dividend amount, after deducting applicable taxes and prescribed DP charges, by purchasing more units through the Dividend Re-investment Plan (DRIP).
Siddhartha Capital mentioned that eligible unit holders already participated in the scheme will receive additional units directly into their beneficiary (Demat) accounts. Meanwhile, other unit holders will have their cash dividends deposited directly into their bank accounts.
This dividend declaration marks the second time the ‘Siddhartha Systematic Investment Scheme’ announced a dividend since its operation began. Furthermore, it has become first open-ended scheme to declare a dividend for the fiscal year 2082/83.
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.
