Sunrise Capital Announces Attractive Dividends for Two Mutual Funds

Kathmandu – Laxmi Sunrise Capital has declared attractive dividends for two of its mutual funds. The Sunrise Bluechip Fund and Laxmi Value Fund-2 have both announced dividend payouts for their investors.

Dividend Details

• Sunrise Bluechip Fund has announced a 19% dividend for its unit holders this year.

• Laxmi Value Fund-2 has decided to distribute a 15% dividend to its investors.

Regulatory Process

Mutual fund managers have the authority to decide and distribute dividends. However, they are required to inform the Nepal Securities Board (SEBON), the regulatory body, about the dividend declaration.

Improved Performance in the Stock Market

Last fiscal year, the Nepal Stock Exchange (NEPSE) showed positive growth, leading to an increase in the dividend-paying capacity of mutual funds. This improvement has allowed fund managers to provide better returns to investors.

Investors in these funds can now benefit from these attractive dividend payouts, reflecting the strong performance of Sunrise Capital’s mutual fund schemes.