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Shriram Mutual Fund

Shriram Asset Management Company Limited, a part of the Shriram group, started doing business on 5 December 1994. The company received all the required permissions from SEBI (Securities and Exchange Board of India) to function as the Asset Management Company of Shriram Mutual Fund in the same year. The company offers a hybrid fund with moderately high risk profile for the investment needs of its customers.

Types of Mutual Funds offered by Shriram Mutual Fund

Currently, the fund management company offers only one mutual fund in which investments can be made. This is an aggressive hybrid fund that distributes the money across a diverse set of bonds and stocks to ensure that the investor gets the best possible returns.

Fund Offered by Shriram Mutual Fund

Shriram Mutual Fund offers investors the Shriram Hybrid Equity Fund. This is an open ended hybrid scheme that invests mainly in equity and equity linked instruments. Details of the fund are highlighted below:

Fund Type

Aggressive hybrid fund

Investment options

  • Regular plan (Pertaining to applications submitted through distributors) - Growth and dividend options
  • Direct plan (Pertaining to applications not submitted through distributors) - Growth and dividend options

Entry Load

Not applicable

Exit Load

1% of applicable NAV, if the investor redeems or switches out of more than 12% units within the first year of allotment

Benchmark

NIFTY 50 TRI benchmark for the equity part of the investment portfolio

CRISIL Composite Bond Fund Index benchmark for the money market and debt instruments portfolio

Fund Manager

Mr. Kartik Soral and Ms. Gargi Bhattacharyya Banerjee

Risk Factor

Moderately high

Investment Objective of Shriram Hybrid Equity Fund

The investment objective of the Shriram Hybrid Equity Fund is to ensure that there is long-term capital appreciation of the invested amount through reduced volatility. This is achieved by investing in a diversified portfolio consisting of debt, equity and equity-related securities, and money market instruments.

Who is the Shriram Hybrid Equity Fund for?

The fund is suited to the needs of investors who are looking to build long term wealth within a time span of 3 to 5 years. The investments will be done in the following ratios:

  • Equity and equity-linked instruments - Minimum of 65% and maximum of 80%
  • Money market and debt instruments - Between 35% and 20%

Who is Eligible for Shriram Mutual Fund?

The following individuals or entities can invest in Shriram Hybrid Equity Fund:

  • Indian residents who are adults - jointly or singly, but not exceeding three for joint holding
  • Hindu undivided family (HUF)
  • Minors through the assistance of legal guardians
  • Partnership firms
  • Proprietorships with a single proprietor
  • Corporate bodies, companies, public sector undertakings (PSUs), Bodies of Individuals (BOI), Association of Persons (AOP), and registered societies
  • Banks and other financial institutions
  • Charitable and religious trusts, endowment of private trusts, etc.
  • Non-resident Indians
  • Foreign Institutional Investors (FIIs) and subaccounts that have been registered with SEBI
  • Air force, navy, army, and paramilitary bodies
  • Industrial research and scientific institutions
  • Multilateral funding bodies outside of the country that have been incorporated with the Government’s or RBI’s permission
  • Gratuity fund, pension fund, or provident fund, up to the permitted limit
  • Other mutual fund schemes from Shriram mutual fund
  • AMC, trustee, or sponsor
  • Qualified Foreign Investors (QFIs)

Documents Required for Shriram Mutual Fund

In order to invest in the Shriram Hybrid Equity Fund, investors will have to submit the following documents:

  1. Key Information Memorandum cum Application Form, duly filled
  2. Copy of PAN Card
  3. Copy of enrollment letter/Aadhaar
  4. Copy of KYC acknowledgement

Apart from the documents above, the following may also be required if the investor is a company, society, partnership firm, trust, NRI, FII, or PIO (Person of Indian Origin):

  • Authorisation to invest
  • List of authorised signatories
  • Bye-laws
  • Trust deed
  • Partnership deed
  • Notarised POA
  • SEBI registration and overseas auditor certificate
  • PIO card
  • Address proof
  • Foreign inward remittance certificate

How to Invest in Shriram Mutual Fund Online?

It is possible for investors to invest in Shriram Hybrid Equity Fund online using the e-services facility. This facility is inclusive of Shriram Online, E-payouts, and E-alerts.

  • Shriram Online - This service enables investors to make transactions online through the official website of the fund management company. Investors can purchase, switch schemes, and redeem units within the mutual fund. The company may also enable other services from time to time. It is possible for unitholders to view their portfolio valuation and account details online, request for documents through email, and download their account statements.
  • E-alerts - This service helps unitholders receive SMS notifications when they purchase, switch, or redeem units under the scheme. Dividend declaration specifics are also notified as alerts.
  • E-payouts - E-payouts comprise of the mode of payment for the redemption process or receiving dividend proceeds. The mode can be selected as NEFT, direct credit, or ECS.

Why Choose Shriram Mutual Fund?

Shriram Asset management Company Limited is a prominent part of the reputed Shriram Group. The company has a noteworthy presence in several realms of financial services, such as consumer finance, life insurance, stock broking, general insurance, and chit funds, to name a few. The reputation of the company and the historical performance of the fund ensure that the investments of the customer are protected to a great extent.

Frequently Asked Questions

  1. What is repurchase or redemption price of a mutual fund? Is it the same as sales price?
  2. Redemption or repurchase price is the net asset value (NAV) at which an open-ended mutual fund scheme redeems or purchases units from unitholders. The exit load may be included in this price for some schemes. On the other hand, the sales price is the NAV that a unitholder is charged when he/she invests in an open-ended scheme. This may be inclusive of the sales load, for specific mutual fund schemes.

  3. What is a load in mutual funds? What are the different types of loads?
  4. Load is a charge that an investor pays to a mutual fund. Load can be divided into three types:

    • Entry load
    • Exit load
    • Contingent Deferred Sales Charge (CDSC)
  5. Once I invest in the Shriram Hybrid Equity Fund, will the asset allocation change?
  6. Based on market trends fund managers can alter the asset allocation periodically. This implies that the fund manager can invest a lower or higher percentage of the fund in debt or equity instruments, when compared to the specifications in the offer document. This move may be for a short duration to protect th NAV of the fund. In case the mutual fund is changing the asset allocation permanently, the company will inform the unitholders and subsequently provide them an option to exit the scheme at the prevailing NAV at no additional load.

  7. What should I bear in mind when filling up the mutual fund application form?
  8. When you are filling up the mutual fund application form, you should clearly mention your personal details such as name and address. The number of units applied for should also be clearly stated. Your bank account number should be accurate, as this will avoid complications in the future at the time of cheque/draft encashment. If you need to change the bank account number, address, or any such specifics at a later date, you should inform the mutual fund company immediately.

  9. What will be included in the account statement that a unitholder receives?
  10. An account statement will summarise all transactions pertaining to the investor, including unit balance, value of each unit, etc. The statement will also include all the registration attributes and subsequent changes, and the dates on which the changes were effective. This statement serves as proof of investment in the mutual fund and it also provides a clear insight on the financial standing of the fund at a specific time.

  11. Is it possible to appoint a nominee for an individual’s investment in a mutual fund?
  12. Yes, this is possible. The nomination can be requested for by the individuals holding units either singly/jointly. It is not possible for non-individuals such as societies, corporate bodies, trusts, partnership firms, Karta of HUF, or the holder of Power of Attorney to nominate.

  13. In case the mutual fund I have invested in is wound up, what will happen to my money?
  14. In such a case the mutual fund will pay an amount based on the prevailing NAV, after all expenses are adjusted. Unitholders will receive a report from the mutual fund company notifying them of the details.

  15. What is the minimum application amount for the Shriram Hybrid Equity Fund?
  16. If the units are purchased during a new fund offer period and on an on-going basis, the minimum application amount is Rs.5000. Purchases can be made in multiples of Re.1 thereafter.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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