Garima Subarna Yojana Receives SEBON Approval for Public Issuance

Garima Development Bank Limited, as Fund Sponsor, and Garima Capital Limited, as Fund Manager, have received approval from the Nepal Securities Board (SEBON) to publicly issue Garima Subarna Yojana, the first open-ended scheme under Garima Mutual Fund, with a total size of Rs. 1 Arba.

The initial phase will offer 5 crore units at Rs. 10 per unit, with a minimum sale target of 50% (2.5 crore units). The fund will be continuously open, with units tradable through the fund manager’s online purchase/sale system, but not listed on the stock exchange. Garima Development Bank and Garima Capital Limited will facilitate subscriptions across their branches, leveraging modern technology to provide customer-friendly services.