Shriram Asset Management Company Lists New ETF, LIQUIDSHRI, Bolstering Growth Strategy

Shriram Asset Management Company (Shriram AMC) has successfully listed its new fund, Shriram NIFTY 1D Rate Liquid ETF (Growth), on exchanges. The open-ended Exchange Traded Fund (ETF) tracks the Nifty 1D Rate Index and aims to provide a stable, liquid and easy cash management solution. The NFO received a positive response from investors. LIQUIDSHRI strengthens Shriram AMC’s product suite with a unique solution offering relatively lower credit risk. The fund will invest in the overnight money market and aims to deliver stable returns with less volatility. Kartik Jain, MD & CEO of Shriram AMC, spoke about the new fund launch and the company’s future growth plans.