Garima Samriddhi Scheme Allocates Units Following Oversubscription

Garima Capital Limited, managed by Garima Bikas Bank Limited, has successfully issued and allotted units for its close-ended mutual fund, Garima Samriddhi Yojana. Initially offering 10 crore units at NPR 10 each, the scheme raised NPR 1 billion in seed capital. Due to overwhelming demand, with 94,681 applicants requesting over 12,18,78,510 units, the fund size was increased by 25% to 12.50 crore units, totaling NPR 1.25 Arba.

The allotment, conducted on Poush 18, 2081, ensured all valid applicants received units, following regulatory guidelines. This expansion reflects Garima Samriddhi Yojana’s commitment to providing robust investment opportunities and highlights its potential in Nepal's investment landscape.