Three mutual fund schemes under Siddhartha Capital Limited — Siddhartha Equity Fund (SEF), Siddhartha Investment Growth Scheme-2 (SIGS2), and Siddhartha Investment Growth Scheme-3 (SIGS3) — have announced cash dividends for the fiscal year 2081/82.
In a recent board meeting, Siddhartha Capital decided to distribute:
20% cash dividend (including tax) worth Rs. 30 crore for SEF.
20% cash dividend (including tax) worth Rs. 24 crore for SIGS2.
17% cash dividend (including tax) worth Rs. 13.69 crore for SIGS3.
All three funds are closed-end mutual funds managed by Siddhartha Capital Limited, each with a maturity period of 10 years. As of the end of Ashadh, SEF reported a Net Asset Value (NAV) of Rs. 12.32 with a market price of Rs. 10.73. SIGS2 posted an NAV of Rs. 12.49 and a market price of Rs. 10.85, while SIGS3 recorded an NAV of Rs. 12.53 and a market price of Rs. 10.75. The book closure date for dividend eligibility will be announced at a later date.
Comparison of Dividend Yields for SEF, SIGS2, and SIGS3 Based on NAV and Market Prices for FY 2081/82
| Fund | Dividend (%) | Dividend Amount | NAV (Ashadh) | Closing Price | Maturity |
|---|---|---|---|---|---|
| SEF | 20% | Rs. 30 crore | Rs. 12.32 | Rs. 10.73 | 10 years |
| SIGS2 | 20% | Rs. 24 crore | Rs. 12.49 | Rs. 10.85 | 10 years |
| SIGS3 | 17% | Rs. 13.69 crore | Rs. 12.53 | Rs. 10.75 | 10 years |
