Shriram Mutual Fund Launches Shriram Multi Asset Allocation Fund

Aug 22, 2023

Shriram Mutual Fund introduces – Shriram Multi Asset Allocation Fund

It is an open-ended scheme investing in Equity, Debt & Money Market Securities and Gold/Silver ETFs and related instruments.

Accordingly, the investment objective of the scheme is to provide returns that, before expenses, corresponds to the total returns of the securities as represented by the underlying index, subject to tracking error. However there is no guarantee or assurance that the investment objective of the scheme will be achieved.

Under normal circumstances, Shriram Multi Asset Allocation Fund will hold an allocation of 65% to 80% of its assets in Equity and Equity-related Instruments, 10% to 25% in Debt and Money Market Instruments and Cash, 10% to 25% in Gold/Silver ETFs and 0% to 10% in Units issued by REITs and InvITs.

As per the Scheme Information Document, Shriram Multi Asset Allocation Fund may utilize in house fundamental research and quantitative framework to monitor the markets to decide the asset allocation mix in various asset classes. Valuation parameters like Price to Book Value and Price to Earnings of Equity market indices, Bond Equity Earnings Yield Ratio (BEER), VIX and Equity and Debt market Momentum will be taken into account while deciding the asset allocation levels of the portfolio between equities and debt.

The Scheme, being an open-ended multi-asset scheme, investing across multiple assets, would aim to generate long-term capital appreciation through an actively managed portfolio having significant exposure in equity, Debt and Gold/Silver ETFs. The scheme will intend to build a multi-asset portfolio across different assets with a long-term perspective.

Shriram Multi Asset Allocation Fund performance will be benchmarked against Nifty 50 TRI (70%) + NIFTY Short Duration Debt Index (20%) + Domestic prices of Gold (8%) + Domestic prices of Silver (2%)

The scheme will be managed by Mr Deepak Ramaraju and Ms Gargi Bhattacharyya Banerjee

The NFO opens for subscription on August 18, 2023 and closes on September 01, 2023. The schemes will reopen for continuous sale and repurchase on September 15, 2023.

The fund's face value is Rs 10/- per unit. The minimum subscription amount is Rs 5,000/- and in multiples of Re. 1/- thereof.

The scheme offers Regular Plan and Direct Plan each plan offers Growth option only.