The scheme has a total size of NPR 1 billion, but in the first phase, only 50 million units worth NPR 50 crore have been issued. Of these, 9 million units have been allocated to Garima Bikas Bank as the fund promoter, 6 million units to Garima Capital as the scheme manager, and the remaining 35 million units are available to the general public at NPR 10 per unit.
Being an open-ended scheme, the remaining units will be available for continuous trading in accordance with the Mutual Fund Regulations. Investors can apply for a minimum of 100 units and a maximum of 5 million units.
The scheme will operate under Garima Mutual Fund, with Garima Capital Limited acting as the issue and sales manager. Interested investors can apply via C-ASBA enabled banks and financial institutions approved by the Securities Board of Nepal, or through the ‘MeroShare’ web and mobile app managed by CDS & Clearing Ltd.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
