Nexus Select Trust has informed regarding Record date for purpose of distribution for the Quarterly FY 2024-25 is 16/05/2025
Awaiting price reaction for this filing.
The Board of Nexus Select Trust's manager declared a distribution of ₹2 per unit (₹3,030 million total) for Q4 FY2024-25, comprising ₹0.593/unit as interest, ₹1.221/unit as dividend, ₹0.043/unit as other income, and ₹0.143/unit as SPV debt repayment. The record date is set for Friday, May 16, 2025, with payment to be made on or before May 23, 2025. The Trust's full-year FY2024-25 cumulative distribution totals ₹8.350 per unit (₹12,650.25 million), up from ₹7.075 per unit in FY2023-24. Net Asset Value (NAV) stood at ₹151.83 per unit as of March 31, 2025, and the auditors issued an unqualified opinion on the financial statements.
Unitholders of record on May 16, 2025 will be eligible for the ₹2/unit distribution, payable by May 23. While the annual distribution is up ~18% YoY, the Q4 per-unit distribution is slightly lower than the ₹2.091 declared in the same quarter last year—a modest quarter-on-quarter reduction that may temper near-term yield expectations.