Garima Mutual Fund Launches Nepal’s First Open-Ended Scheme “Garima Subarna Yojana”
Fri, Feb 13, 2026 6:44 PM on Latest, Mutual Fund,
Garima Mutual Fund has received approval from the Securities Board of Nepal (SEBON) to publicly issue its first open-ended scheme, Garima Subarna Yojana, with a total value of Rs. 1 Arba. Garima Bikas Bank Limited acts as the fund sponsor, while Garima Capital Limited is the fund manager.
Initially, units worth Rs. 50 crore will be offered at Rs. 10 per unit, with applicants able to subscribe between 100 and 50 lakhs units. This follows the success of the closed-end “Garima Samriddhi Yojana,” currently operating with a total corpus of Rs. 1.25 Arba.
