Deadline To Apply For Garima Capital Limited's Mutual Fund Scheme "Garima Subarna Yojana" Extended Till Chaitra 12
Mon, Mar 16, 2026 9:06 AM on Latest, Mutual Fund,
Garima Capital Limited has extended the deadline for the mutual fund scheme "Garima Subarna Yojana" to the general public and institutions until 12th Chaitra, 2082. The issue opened on the 28th Falgun, 2082, and was supposed to close today, the 2nd Chaitra, 2082. However, since the scheme didn't receive enough applications, the deadline has been extended until 12th Chaitra, 2082.
Out of 10 crore unit shares, 15%, i.e., 15 crores units worth Rs. 1,50,00,000, have been reserved (6%, i.e., 60 lakh units worth Rs. 60 crores, have been allocated to the scheme manager, Garima Capital Limited, and 9%, i.e., 90 lakh units worth Rs. 90 crores, have been allocated to the fund sponsor, Garima Bikas Bank Limited). However, for the first public issuance, 5 crore units worth Rs. 50 crore will be opened for sale.
The remaining 3.50 crore units worth Rs 35 crores will be issued to the general public and institutions. Since it is an open-ended mutual fund, the other remaining units will be opened for continuous purchase and sale through the distribution determined by the scheme manager as per the provisions of the Collective Investment Fund Regulations.
According to CDSC, 62,615 applicants have applied for 7,08,27,490 units worth Rs. 70.82 Crores so far.
"Garima Subarna Yojana" is an open-ended fund. Applicants can apply for a minimum of 100 units to a maximum of 50,00,000 units.
