Garima Samridhhi Yojana

Garima Capital is set to introduce a mutual fund scheme, Garima Samriddhi Yojana, under the Garima Mutual Fund umbrella, with a total fund size of NPR 1 Billion. Of this amount, 14% has been allocated to the fund promoter, Garima Bikas Bank, and 1% to the scheme manager, Garima Capital. The remaining 85 million units will be available for subscription by the general public.

• Investors can apply for a minimum of 100 units and up to a maximum of 10 million units.
• The initial application period will run from Poush 07, 2081 until Poush 11, 2081.
• If all units are not subscribed by then, the deadline will be extended to Poush 21, 2081.
• Applications can be submitted via Mero Share or through any C-ASBA-affiliated banks and financial institutions.

Garima Capital will serve as the scheme manager, depository, and issue manager for the fund. This marks Nepal’s second mutual fund scheme promoted by a development bank.

The fund is a closed-ended scheme with a tenure of 10 years.

Enclosed herewith the prospectus of Garima Samriddhi Yojana.