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The closed-end scheme “Garima Samriddhi Yojana,” operated under Garima Mutual Fund, has significantly expanded its investment in the hydropower sector by the end of mid-February 2026.

According to the publicly disclosed portfolio details, the scheme has invested a total of NPR 295,876,986 in the hydropower group alone. This clearly indicates that the energy sector has been placed as a strategic priority of the scheme.

The scheme has made balanced investments in various hydropower companies that are in production as well as expansion phases. Companies with comparatively higher investments include:

Aandhi Khola Laghujalbidyut Company – NPR 16,500,000

Him Star Urja Company – NPR 18,300,000

Rasuwagadhi Hydropower Company – NPR 13,200,000

Boti Khola Hydropower Company – NPR 14,700,000

Similarly, investments of NPR 9,000,000 and NPR 8,200,000 have been made in Union Hydropower and Upper Solu Hydropower, respectively.

Medium-level investments have been made in Sanima Mai Hydropower, Sanima Middle Tamor, Arun Valley Hydropower, Green Venture Power, Chilime Hydropower Company, Sahas Urja, Mid Solu Hydropower, and Mountain Energy Nepal, among others. These companies are considered active in both production and expansion stages. This suggests that the scheme aims to maintain a balance between companies providing stable income and those with high growth potential.

The scheme has also maintained a notable presence in companies such as Ridi Power, Sanima Power, Kalinchowk Hydropower, and Upper Kabeli Power. Comparatively lower investments are seen in Barun Hydro and Sikles Hydropower, indicating limited exposure to smaller projects to manage risk.

The energy sector is among the more volatile groups in Nepal’s capital market. Seasonal production, transmission infrastructure, electricity export policy, and regulatory frameworks directly affect the valuation of this sector. Nevertheless, in the long term, the hydropower sector is linked to Nepal’s energy self-reliance and export potential, resulting in sustained and growing interest from institutional investors.

By allocating NPR 298,769,860 to the hydropower sector, Garima Samriddhi Yojana appears to be targeting both capital gains and dividend income. The diversified portfolio structure, spread across multiple companies, clearly reflects a strategy aimed at balancing risk and reducing dependency on any single project.

Overall, this structured and diversified investment in the hydropower sector reflects the scheme’s long-term growth strategy. Despite market volatility, analysts suggest that this investment approach—based on the potential of the energy sector—has laid a foundation for medium- to long-term returns for unit holders.

Jalasarokar