Garima Mutual Fund has opened the issuance of units under the ‘Garima Suvarna Scheme’ starting Falgun 28.
Under the scheme, a total of 10 crore units have been made available in the first phase. Out of the total units, 60 lakh units have been allocated to the scheme manager, Garima Capital, as seed capital, and 90 lakh units have been reserved for the fund promoter, Garima Bikas Bank. The remaining 3 crore 50 lakh units are open for public subscription.
The public can apply to purchase a minimum of 100 units and a maximum of 50 lakh units. Applications can be submitted through banks and financial institutions participating in the C-ASBA system approved by the Securities Board of Nepal (SEBON), or via CDSC’s ‘Mero Share’ platform.
The issuance will close at the earliest on Chaitra 2, and if subscription targets are not met, it will remain open until Chaitra 12 after banking hours, depending on demand.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
