Garima Bikas Bank Promoted "Garima Samriddhi Yojana" to Issue 8.5 crore units Mutual Fund Scheme to General Public From Poush 7
Wed, Dec 11, 2024 9:43 AM on Latest, Mutual Fund,
Garima Capital Limited has published an offer letter to issue the "Garima Samriddhi Yojana" closed-end mutual fund scheme. The issue will open on 7th Poush and close on 11th Poush, 2081. If not subscribed fully by the early closing date, the issue can be extended till the 21st Poush.
Out of 10 crore unit shares, 1%, i.e. 10 lakh units worth Rs. 1 crore, have been allocated to the scheme manager Garima Capital Limited, and 14%, i.e. 1.4 crore units worth Rs. 14 crores, have been assigned to the fund sponsor Garima Bikas Bank Limited. The remaining 8.5 crore units worth Rs 85 crore will be issued to the general public from 7th Poush.
"Garima Samriddhi Yojana" is a closed-end fund. Applicants can apply for a minimum of 100 units to a maximum of 1,00,00,000 units.
This is the first mutual fund scheme that Garima Capital Limited will manage.
