Shriram Mutual Fund was a Trust under a Trust Deed dated May 27, 1994, with Shriram Credit Company Limited as the Sponsor and Shriram Board of Trustees as the Trustee. The Fund was registered with SEBI on November 21, 1994. Shriram Credit Company Limited sponsors the Fund. It offers 9 Shriram Mutual Fund schemes across several categories, including equity, debt, and hybrid funds. As of February 28, 2025, the company manages assets of over Rs. 900 Crore under management.
Shriram Mutual Fund is part of India's leading financial services conglomerate, 'Shriram Group', which has been connected with the financial services sector for the past 3 decades. Shriram Group has over 19.66 million customers and an employee strength of 85,000. Shriram Group has a significant presence in financial services such as consumer finance, life and general insurance, commercial vehicle, stock broking, chit funds and distribution of financial products.
Key Information About Shriram Mutual Fund
How to Invest in the Shriram Mutual Fund
Investing in the best Shriram Mutual Funds can be a complex process. To make it easier, here is a step-by-step guide:
1. Choose Your Mutual Fund Type
According to your risk tolerance (low, mid, or high) and financial goals, choose your mutual types, such as equity, debt, hybrid, index, and sector funds.
2. Select a Mutual Fund Scheme
After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred Shriram Mutual Fund.
3. Login or Open a Demat Account
Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.
4. Complete KYC (Know Your Customer) Requirements
The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the instructions in the app to complete this step smoothly.
5. Select Investment Mode (SIP or lumpsum)
If you prefer regular, disciplined investing, you can set-up a systematic investment plan (SIP), which is periodic (monthly, quarterly, etc.). Alternatively, if you have a large amount to invest, you can make a lump-sum investment. Select the investment period of your choice.
6. Confirm and Track Your Investment
After setting up your investment, sit back and watch your money grow. The Stack Wealth app will provide regular updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.
List of Best Shriram Mutual Funds in India
Here is the list of some of the best Shriram Mutual Funds in India:
Detailed Overview of Shriram Mutual Fund Fund Schemes
Now, let’s discuss these 9 Shriram Mutual Fund Fund schemes in detail:
1. Shriram Flexi Cap Fund - Direct Plan-Growth
Shriram Flexi Cap Fund is an open-ended dynamic equity scheme investing in an actively managed portfolio predominantly consisting of Equity & equity-related securities diversified over various sectors (large, mid, and small cap stocks).
- Fund Performance: The fund's annualized returns for the past three and five years have been around 10.56% and 19.48%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹13,515.
- Minimum Investment Amount: The minimum lump sum for the Shriram Flexi Cap Fund is ₹500; for Min Add Lumpsum, it is ₹500; for SIP, it is ₹500 (Monthly) and ₹1000 (Quarterly).
2. Shriram Multi Sector Rotation Fund - Direct Plan-Growth
Shriram Multi Sector Rotation Fund is an open-ended scheme investing in equity and equity derivatives following a multi-sector rotation theme. It strives to generate long-term capital appreciation by employing a quantamental approach of investing in equity and equity-related instruments of specific sectors trending due to better earnings expectations.
- Fund Performance: The fund's annualized returns have been around -60.76% since inception. The current value of a Standard Investment of ₹10,000 will become around ₹7,759.
- Minimum Investment Amount: The minimum lump sum for the Shriram Multi Sector Rotation Fund is ₹500; for Min Add Lumpsum, it is ₹500; for SIP, it is ₹500.
3. Shriram Nifty 1D Rate Liquid ETF - Direct Plan-Growth
Shriram NIFTY 1D Rate Liquid ETF is an open-ended Exchange Traded Fund replicating/ tracking the Nifty 1D Rate Index to invest in Tri-Party Repo on Government securities or treasury bills (TREPS).
- Fund Performance: The fund's annualized returns for the past three and six months have been around 6.5% and 6.6%, respectively. In six months, the current value of a Standard Investment of ₹10,000 will become around ₹10,301.
- Minimum Investment Amount: The minimum lump sum for the Shriram Nifty 1D Rate Liquid ETF is ₹1000; for Min Add Lumpsum, it is ₹5000; for SIP, it is ₹1000.
4. Shriram Aggressive Hybrid Fund - Direct Plan-Growth
Shriram Aggressive Hybrid Fund is an open-ended hybrid scheme investing predominantly in equity and equity-related instruments to attain long-term capital appreciation and current income.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 10.24% and 17.02%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹13,398.
- Minimum Investment Amount: The minimum lump sum for the Shriram Aggressive Hybrid Fund is ₹500; for Min Add Lumpsum, it is ₹500; for SIP, it is ₹500 (Monthly) and ₹1000 (Quarterly).
5. Shriram Overnight Fund - Direct Plan-Growth
Shriram Overnight Fund is an open-ended debt scheme investing in overnight securities, i.e., investments are made in debt with overnight maturity. The aim is to generate returns proportional to low risk and provide a high liquidity level.
- Fund Performance: The fund's annualized returns have been around 6.57% since inception. In a year, the current value of a Standard Investment of ₹10,000 will become around ₹10,653.
- Minimum Investment Amount: The minimum lump sum for the Shriram Overnight Fund is ₹500; for Min Add Lumpsum, it is ₹500; for SIP, it is ₹500 (Monthly) and ₹1000 (Quarterly).
6. Shriram ELSS Tax Saver Fund - Direct Plan-Growth
Shriram ELSS Tax Saver Fund is an open-ended equity-linked saving scheme that invests in a diversified portfolio of primarily equity and equity-related instruments to provide long-term capital appreciation with a 3 years lock-in and tax benefit.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 10.33% and 18.82%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹13,430.
- Minimum Investment Amount: The minimum lump sum for the Shriram ELSS Tax Saver Fund is ₹500; for Min Add Lumpsum, it is ₹500; for SIP, it is ₹500 (Monthly) and ₹1000 (Quarterly).
7. Shriram Multi Asset Allocation Fund - Direct Plan-Growth
Shriram Multi Asset Allocation Fund is an open-ended scheme investing in Equity, Debt, & Money Market Securities, Gold/Silver ETFs, and related instruments to generate long-term capital appreciation with inflation-beating returns.
- Fund Performance: The fund's annualized returns have been around 10.47% since inception. In a year, the current value of a Standard Investment of ₹10,000 will become around ₹9,865.
- Minimum Investment Amount: The minimum lump sum for the Shriram Multi Asset Allocation Fund is ₹500; for Min Add Lumpsum, it is ₹500; for SIP, it is ₹500 (Monthly) and ₹1000 (Quarterly).
8. Shriram Balanced Advantage Fund - Direct Plan-Growth
Shriram Balanced Advantage Fund is an open-ended dynamic asset allocation fund investing in equity, arbitrage, and debt to generate optimal returns. It adjusts stock exposure based on market conditions to acquire better risk-adjusted returns over the long term. The fund seeks to minimise potential losses during market corrections by maintaining lower equity allocations during market peaks.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 9.12% and 13.55%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,993.
- Minimum Investment Amount: The minimum lump sum for the Shriram Balanced Advantage Fund is ₹500; for Min Add Lumpsum, it is ₹500; for SIP, it is ₹500 (Monthly) and ₹1000 (Quarterly).
9. Shriram Liquid Fund - Direct Plan-Growth
Shriram Liquid Fund is an open-ended liquid scheme investing in debt and money market instruments, maintaining an average maturity of < 91 days. The scheme’s main aim is to generate optimal returns constant with lower to moderate levels of risk and high liquidity.
- Fund Performance: The fund's annualized returns have been around 7.34% since inception. In three months, the current value of a Standard Investment of ₹10,000 will become around ₹10,170.
- Minimum Investment Amount: The minimum lump sum for the Shriram Liquid Fund is ₹1000, and for SIP, it is ₹1000 (Monthly) and ₹3000 (Quarterly).
Top Fund Managers
Below is the list of people who have made Shriram Mutual Fund Investment a standout choice in a highly competitive market.
1. Mr. Deepak Ramaraju
Mr. Deepak Ramaraju serves as a senior fund manager at Shriram AMC. He has over 20 years of diverse experience and has worked in equity markets for the past 16 years. Previously, he advised Sanlam Group of South Africa on their India-focused fund and was part of their global equity research team.
2. Ms. Gargi Bhattacharyya Banerjee
Ms. Gargi Bhattacharyya Banerjee joined as Research Manager at Shriram Asset Management Company Limited in November 2012. She serves as the fund manager of Shriram Mutual Fund, having more than 20 years of experience in her professional career. She has also held key positions on the research team with Shriram Insight Share Brokers Limited and Zacks Research Private Limited.
3. Mr. Sudip Suresh More
Mr. Sudip Suresh More serves as a fund manager for Shriram AMC. He has around 19 years of experience handling Macroeconomic Research, Fixed Income Investments, and Credit Analysis. Previously, he was a Debt Fund Manager at Kshema General Insurance Company and Sahara India Life Insurance Company Ltd.
4. Mr. Mritunjay Singh
Mr. Mritunjay has 7 years of experience as a Mutual Fund equity Dealer in the Shriram group. Overall, he has around 12 years of experience in stock broking dealers. Mr. Mritunjay efficiently handled the back-office equity trade settlement. Additionally, he has specialised in mutual fund transactions, compliance, analysing market trends, managing portfolios, and ensuring regulatory adherence.
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