Garima Mutual Fund Launches Nepal’s First Open-Ended Scheme “Garima Subarna Yojana”
Summary
Garima Mutual Fund launches Nepal's first open-ended scheme, Garima Subarna Yojana, with an initial offering of Rs. 50 crore units at Rs. 10 each.
Key Points
- Garima Mutual Fund received SEBON approval for its first open-ended scheme, Garima Subarna Yojana.
- The scheme has a total value of Rs. 1 Arba.
- Garima Bikas Bank Limited is the fund sponsor, and Garima Capital Limited is the fund manager.
- Initial units worth Rs. 50 crore will be offered at Rs. 10 per unit, with subscription range from 100 to 50 lakh units.
