SEBON Approved Garima Capital’s Mutual Fund Scheme ; "Garima Subarna Yojana" To Issue 10 Crore Mutual Fund Units
Summary
SEBON has approved Garima Capital's open-end mutual fund scheme 'Garima Subarna Yojana', which will issue 10 crore units at Rs 10 par value each.
Key Points
- Securities Board of Nepal (SEBON) approved 'Garima Subarna Yojana' mutual fund scheme.
- The scheme is an open-end mutual fund worth Rs 1 arba, floating 10 crore units at Rs 10 par value each.
- Garima Bank Limited is the sponsor of the fund and Garima Capital Limited is the fund manager.
- Garima Capital currently manages a closed-end fund called 'Garima Samriddhi Yojana (GSY)'.
