Public Issue of "Garima Samriddhi Yojana" Mutual Fund Scheme Opening From Today

Garima Capital Limited is opening the issue of its closed-end mutual fund scheme "Garima Samriddhi Yojana" from today i.e. on 7th Poush and will 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 today.

"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.

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