Garima Capital Limited is set to issue its second mutual fund plan, Garima Suvarna Scheme, with a total fund size of NPR 1 billion. In the first phase, NPR 500 million worth of 50 million units will be offered for public subscription. Out of the total units issued, 9 million units are allocated to the fund promoter, Garima Development Bank, and 6 million units to the plan manager, Garima Capital Limited. The remaining 35 million units (NPR 350 million), at a face value of NPR 10 per unit, will be available for the general public.
As an open-ended scheme, the plan allows investors to continuously buy and sell remaining units through the distribution system determined by the plan manager, following mutual fund regulations.
Applications for the scheme can be submitted from Falgun 28, 2082 B.S. Investors can apply for a minimum of 100 units and a maximum of 5 million units. Applications will remain open until Chaitra 2, with a possible extension to Chaitra 12 if sufficient applications are not received within the initial period.
Garima Capital Limited will also act as the issue manager and sales arranger for the scheme. Investors can apply via banks and financial institutions approved by the Nepal Securities Board (SEBON) using the C-ASBA system. Applications are also accepted through ‘Mero Share’, the web and mobile platform operated by CDS & Clearing Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
