Shriram MF introduces Multi Asset Allocation Fund
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Shriram Mutual Fund (MF) has launched Shriram Multi Asset Allocation Fund, an open-ended scheme investing in Equity, Debt & Money Market Securities and Gold/Silver ETFs and related instruments. The NFO opens for subscription on August 18, 2023 and closes on September 01, 2023. The Entry load is not applicable for the scheme. The Exit load: 1% of the applicable NAV, if redeemed/switched-out within 1 year from the date of allotment. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The performance of the Scheme will be benchmarked against Nifty 50 TRI (70%) + NIFTY Short Duration Debt Index (20%) + Domestic prices of Gold (8%) + Domestic prices of Silver (2%) and its fund managers are Deepak Ramaraju and Gargi Bhattacharyya Banerjee.
The investment objective of the scheme is to generate long term capital appreciation with inflation beating returns by investing in Equity and Equity related securities, Debt and Money Market instruments, Gold/Silver ETFs, and REITs / InvITs.
