Garima Capital Limited has opened the issuance of its first mutual fund scheme, Garima Samriddhi Yojana (Garima Prosperity Plan), starting from Sunday, 7th Poush, 2081. The scheme, a closed-end mutual fund, has issued a total of 10 crore units at a par value of Rs. 10 per unit, amounting to Rs. 1 billion (1 Arba).
Allocation of Units
The allocation for the units is as follows:
- 14% (1.4 crore units): Reserved for the scheme promoter, Garima Bikas Bank Limited worth NPR 14 Crore
- 1% (10 lakh units): Reserved for the scheme manager, Garima Capital Limited, worth NPR 14 Crore.
- 85% (8.5 crore units): Issued for the general public worth Rs. 85 crores.
Application Process
Investors can apply for a minimum of 100 units and up to a maximum of 1 crore units. Applications can be submitted through:
- C-ASBA member banks and financial institutions, as approved by the Nepal Securities Board (SEBON).
- The Meroshare platform for online applications.
The issue will remain open until 11th Poush, 2081, with a possible extension to 21st Poush if not fully subscribed by the early closing date.
Notice: Garima Samriddhi Yojana Opens Public Issue
