Mutual fund investors can expect bonus dividends & Global IME Bank mutual fund scheme coming up.

Mutual fund unit holders can expect to receive two to four per cent hike in dividend payouts by fund managers following tax exemptions announced in the financial ordinance.

From the beginning of current fiscal year, mutual funds have been declared not-to-be-taxed entity by the government. Mutual funds will not have to pay any corporate taxes or pay capital gain tax for the shares that has been traded. Likewise, they have been exempted from paying any taxes on dividends received on shares and debentures and also mutual funds will not have to pay tax on interest received on deposits at financial institutions.

NCM Mutual Fund finally pays back handsome return to its unit holders

NCM Mutual Fund-2059 has become the one of the first mutual fund schemes in the country to provide a handsome return on investment to investors who had put their money in the fund.

The closed end 10 years mutual fund scheme was managed by NIDC Capital Markets.

NCM had announced to pay out to the investors a partial amount of Rs 25 on Baisakh 10, 2070. Finally, the fund published a notice saying that it will start paying out the remaining Rs 10 to the investors from Asar 28, Friday, following the sale of all of its assets.