Garima Capital's First Mutual Fund Scheme "Garima Samriddhi Yojana" Worth Rs 1 Arba Added in SEBON Pipeline

The Securities Exchange Board of Nepal (SEBON) has recently added "Garima Samriddhi Yojana", under preliminary review in the latest list of mutual fund scheme pipeline status published.

Garima Samriddhi Yojana is a closed-end mutual fund scheme that will have a fund size of Rs. 1 Arba divided into 10 Crore units, having a par value of Rs.10 per unit. The application was sent to SEBON on Magh 28. Garima Capital is the fund manager of the mutual fund scheme. Whereas, Garima Bikas Bank Limited (GBBL) is the Fund Sponsor of this scheme.

This is the first mutual fund scheme that will be managed by Garima Capital Limited.