Two mutual fund schemes operated under Prabhu Mutual Fund have announced a 12 percent cash dividend for their unitholders.
Prabhu Select Fund and Prabhu Smart Fund, which are operated under Prabhu Mutual Fund, has announced a 12 percent cash dividend for the fiscal year 2082/83. Both of these are closed-ended schemes.
The decision regarding the dividend of both schemes was made by the 233rd board meeting of Prabhu Capital held on Bhadra 5. For these schemes, Prabhu Bank is the fund sponsor and Prabhu Capital is the scheme manager.
The unitholders of both schemes will get 12 percent cash dividend, which also includes tax. The company will publish more details about the dividend distribution later.
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