The NIBL Pragati Fund (NIBLPF) is set to distribute a dividend of 6.80 percent FY 2079/80

NIBL Pragati Fund (NIBLPF) has recommended a 6.80 percent cash dividend to its unit-holders, sourced from the profits of the fiscal year 2079/80. This decision was reached during a board meeting conducted by NIMB Ace Capital on Bhadra 13, 2080 BS.

In the preceding fiscal year of 2078/79, the scheme had disbursed a 4.2 percent cash dividend to its unit-holders. Likewise, in the fiscal year 2077/78, NIBLPF distributed an impressive 50 percent cash dividend, amounting to Rs 37.50 crores.

NIBLPF is classified as a closed-end mutual fund scheme and is under the management of NIMB Ace Capital Limited. Moreover, NIBL Pragati Fund (NIBLPF) has recently declared a 6.8% cash dividend for the fiscal year 2079/80. This decision was made during the 112th meeting of the Board of Directors (BOD), convened on Shrawan 13th. The dividend, totaling Rs. 5.10 Crores, is applicable to the recently concluded financial year 2079-80. The book closure date for this proposed dividend is yet to be announced.

NIBL Pragati Fund (NIBLPF) operates as a 7-year closed-end mutual fund scheme, initially established with a total fund of Rs. 75 crores. As of the end of Shrawan in 2080, the fund's Net Asset Value (NAV) stands at Rs. 10.48.