Garima Bikas Bank to Launch 'Garima Suvarna Yojana,' Its First Open-End Mutual Fund Scheme
Summary
Garima Bikas Bank Limited is launching 'Garima Suvarna Yojana,' its first open-end mutual fund scheme, with a total size of NPR 1 billion approved by the Securities Board of Nepal.
Key Points
- Garima Bikas Bank Limited is launching its first open-end mutual fund scheme called 'Garima Suvarna Yojana'.
- The Securities Board of Nepal has approved the public offering of this mutual fund under Garima Mutual Fund.
- The scheme size is NPR 1 billion, with 50 million units offered to the general public in the first phase.
- Investors can buy and sell units directly from the scheme manager, Garima Capital Limited, the bank's subsidiary.
