Shriram Asset Management Company Limited is a part of South based Shriram Group which has a significant presence in financial services such as commercial vehicle, consumer finance, life and general insurance, stock broking, chit funds, and distribution of financial products. Shriram Mutual Fund was incorporated and registered with SEBI in 1994.The sponsor of the AMC is Shriram Credit Company Limited (SCCL), a closely held Public Limited Company, originally incorporated in 1980 in Chennai, under the Shriram Group.The AMC has a presence of 29 years in the Indian mutual fund industry serving 27,000+ investors. Shriram Mutual Fund manages an Average AUM of Rs. 593.73 Cr as of June 2024.It offers 8 mutual fund schemes in equity, debt, and hybrid categories.
List of All Shriram Mutual Fund
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Equity
Debt
Hybrid
ELSS
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Details of Shriram Mutual Fund
Founding Date
May 27, 1994
Address
511-512, Meadows, Sahar Plaza,J. B. Nagar, Andheri (East),Mumbai - 400059.
Email
customercare@shriramamc.co.in
Telephone
022-23373012
Documents Required to Invest
To invest in Shriram Mutual Fund schemes, there is no physical documentation required. You need to upload the following KYC documents online:
Proof of Identity (PAN, Aadhaar)
Proof of Address (Aadhaar)
How to Invest in Shriram Mutual Fund
Step 1: Download the Rupeezy App if you do not have an account.
Step 2: If you are a first-time user, you need to submit your KYC documents like PAN, Aadhaar, add personal details, and complete the account verification.
Step 3: Select Shriram Mutual Fund and review the scheme list in each category.
Step 4: Assess the funds' performance and risk parameters.
Step 5: Select the appropriate category as per your financial goal and risk appetite.
Step 6: Compare the selected fund with other funds in its category using Smart Explore on a visual graph.
Step 7: Check fund portfolio overlap among all funds in your portfolio. Check the fund impact on your overall portfolio with the Impact Analysis feature.
Step 8: Select the fund, add lumpsum, or SIP, and set up payment with UPI or net banking.
Shriram Mutual Fund FAQs
Ans: Yes, Shriram Mutual Fund mutual fund schemes are considered safe investments. In India, all Asset Management Companies (AMC), including Shriram Mutual Fund, are regulated by SEBI (Securities and Exchange Board of India) and AMFI (Association of Mutual Funds in India). The mutual fund industry operates under strict regulations to safeguard investors' interests. However, it's crucial for investors to conduct thorough research to ensure that the specific fund schemes align with their financial goals and risk tolerance.
Ans: Shriram Mutual Fund Mutual Fund schemes are not tax free. Mutual fund capital gains are subject to capital gains tax. In the case of equity mutual funds, mutual fund units sold within a year of purchase will attract a 20% tax on profits. Gains from mutual funds held for more than a year are taxed at 12.5%. For debt funds, the debt fund units sold within three years will be taxed as per the income tax slab. For debt funds held for over three years, the tax rate is 12.5% without indexation benefits.
Here are some of the best-performing funds from Shriram Mutual Fund AMC based on past 5-year returns:
Fund Name
5-Year Return (%)
Shriram Overnight Fund
0%
Shriram Multi Asset Allocation Fund
0%
Shriram Balanced Advantage Fund
10.50%
SHRIRAM Aggressive Hybrid Fund
12.22%
Shriram Flexi Cap Fund
14.98%
Ans: Yes, Shriram Mutual Fund AMC is good for long-term capital appreciation. The equity schemes under the AMC have performed well over the long term and delivered returns above the category average. Visit the Rupeezy Invest App to check Shriram Mutual Fund AMC fund performance.
Ans: You can log in to your Rupeezy app and view your portfolio which will show you the current value as per the prevailing NAV on the last closing business day.
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