Garima Capital Granted License as Scheme Manager and Depository for Collective Investment Fund

Garima Capital Limited (GCL), headquartered in Kamalpokhari, Kathmandu, is proud to announce the acquisition of a license from the Securities Board of Nepal, dated the 22nd of Mangsir 2080. This license authorizes Garima Capital Limited to operate as a scheme manager and depository for a collective investment fund, in accordance with the Securities Act and associated regulations, as well as other applicable laws.

GCL, a licensed merchant banker sanctioned by the Nepal Securities Board, has been providing esteemed services in investment management, specifically Portfolio Management Services (PMS), and as a Depository Participant offering demat and Meroshare account-related services. With this recent license, the company is poised to expand its portfolio by venturing into the management and depository services for a collective investment fund, also known as a mutual fund.

As part of its strategic expansion, Garima Capital Limited, a subsidiary of Garima Bikas Bank Limited, is committed to gradually registering and operating open-ended plans to offer a diverse range of investment opportunities to shareholders and stakeholders. GCL utilizes the extensive branch network of Garima Bikas Bank Limited to efficiently deliver its services to customers. The organization will move forward using various latest technologies to deliver its services in a more sophisticated and customer-friendly manner.