New Launch14 Oct 2024, 04:36 pm
Shriram AMC to Launch Shriram Liquid Fund on 4th November 2024
AI Summary
Shriram Asset Management Company limited, part of the Shriram Group, will launch the Shriram Liquid Fund on 4th November 2024. This open-ended liquid scheme aims to generate optimal returns with lower to moderate levels of risk, and high liquidity by investing in debt and money market instruments. The fund will maintain an average maturity of up to 91 days. The New Fund Offer (NFO) will close on 8th November 2024.
Key Highlights
- Shriram Liquid Fund is designed for investors seeking income over the short-term providing a balance between Stability, Liquidity and Returns by investing in the highest-grade instruments.
- The fund will maintain a staggered portfolio allocation and accrual strategy with 75% to 80% investments in CDs and CPs.
- Shriram AMC is focusing on the three pillars of ‘Performance, Products and Placement’ to set the foundation for sustainable growth.
- The introduction of Shriram Liquid Fund will complete the set of shorter duration debt solutions for investors.
- Investors can purchase and manage their investments online in Shriram AMC in a secure way via the ShriFunds portal.