Shriram Long Term Equity Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 17.3 as on 30-05-2023
Fund Performance
17 people have invested ₹ 15.5K in Shriram Long Term Equity Fund Direct Growth in the last three months
Fund Insights
In the last 1 year, Motilal Oswal Long Term Equity Fund Direct Plan Growth has given 23.65% return, outperforming Shriram Long Term Equity Fund Direct Growth by 10.33%
In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 45.11% return, outperforming Shriram Long Term Equity Fund Direct Growth by 24.25% per annum
Shriram Long Term Equity Fund Direct Growth has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.6% which is lower than the category average expense ratio of 1.35%
Over the last 6 months, Shriram Long Term Equity Fund Direct Growth has experienced a 10.0% drop in AUM moving from 41.76 Cr to 37.59 Cr
INDmoney Rank
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Pros
Hold on while we find any good points for this fund.
Cons
3Y returns in the bottom 25% of the category
About the Fund
Shriram Long Term Equity Fund Direct Growth is an equity fund. This fund was started on 19 January, 2019. The fund is managed by Gargi Banerjee, Deepak Ramaraju. The fund could potentially beat inflation in the long-run.
Key parameters
1) Shriram Long Term Equity Fund Direct Growth has a NAV of ₹17.3265 as on 30-05-2023.
2) Shriram Long Term Equity Fund Direct Growth has ₹38 Cr worth of assets under management (AUM) as on 31-03-2023 and is less than category average.
3) The fund has an expense ratio 0.6 %.
Shriram Long Term Equity Fund Direct Growth Overview
 | 0.6% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹38 Cr |
 | 19 January, 2019 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 70% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
73.2%
Mid cap
12.2%
Small cap
4%
Sector Allocation
Financial Services
40.5%
Tech
13.3%
Energy
10%
Industrial
8.7%
Consumer Cyclical
8.2%
Basic Materials
8%
Consumer Defensive
5.2%
Health
4.7%
Communication
1%
Utilities
0.5%
Top Holdings of Shriram Long Term Equity Fund Direct Growth as on (30-Apr-23)
Equity Holdings37
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 9.17% | 0% | |
 Reliance Industries Ltd | 8.93% | 0% | |
 HDFC Bank Ltd | 7.3% | 0% | |
 Infosys Ltd | 5.53% | 0% | |
 State Bank of India | 5.08% | 0% |
See all
Shriram Long Term Equity Fund Direct Growth: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at -0.30% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.73% as on Apr'23
- This fund outperformed Nifty 500 by 0.43% in Apr'23
AUM Change
- AUM of the fund stands at 37.6 Cr as of Apr'23
- AUM increased by 0.9 Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Gainers & Losers in Shriram Long Term Equity Fund Direct Growth portfolio as on (30-Apr-23)
Top Growth Drivers | 1M Return |
|---|---|
 State Bank of India | 9.8% |
 HDFC Bank Ltd | 4.8% |
 ICICI Bank Ltd | 3.8% |
Peer Analysis
Shriram Long Term Equity Fund Direct Growth Fund Manager
Gargi Banerjee
Fund Manager of Shriram Long Term Equity Fund Direct Growth, since 19 January 2019
Top funds managed
Deepak Ramaraju
Fund Manager of Shriram Long Term Equity Fund Direct Growth, since 20 August 2022
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 13.38% since inception which is more than its category average return of 13.12%
Fund Allocations
This fund has an allocation of 89.35% in Equity, 7.3% in Debt and 3.35% in Cash related instruments
AUM size ₹38 Cr
This fund has AUM of ₹38 Cr which is less than its category average of ₹ 2655 Cr
Expense Ratio 0.6%
This fund has an expense ratio of 0.6% which is less than its category average expense ratio of 1.52%
Frequently Asked Questions
The current NAV of Shriram Long Term Equity Fund Direct Growth is ₹17.33 as on 30-May-2023.
Existing (Absolute + CAGR) as on 30-May-2023.
Shriram Long Term Equity Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.76% | 3.76% |
6 Month Returns | -0.5% | -0.5% |
1 Year Returns | 13.33% | 13.33% |
3 Years Returns | 76.54% | 20.86% |
5 Years Returns | 0% | 0% |
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0.6% as on April 2023
₹38 Cr as on April 2023
ICICI Bank Ltd(9.17%), Reliance Industries Ltd(8.93%), HDFC Bank Ltd(7.3%), Infosys Ltd(5.53%), State Bank of India(5.08%) as on April 2023
Financial Services(36.16%), Tech(11.91%), Energy(8.93%) as on April 2023
The alpha ratio for the Shriram Long Term Equity Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Shriram Long Term Equity Fund Direct Growth | 0.07 | -2.98 | - |
As on April 2023
The alpha for Shriram Long Term Equity Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Shriram Long Term Equity Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Shriram Long Term Equity Fund Direct Growth | 0.82 | 0.84 | - |
As on April 2023
The Beta for Shriram Long Term Equity Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Shriram Long Term Equity Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Shriram Long Term Equity Fund Direct Growth | -0.03 | 1 | - |
As on April 2023
The sharpe ratio for Shriram Long Term Equity Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Shriram Long Term Equity Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Shriram Long Term Equity Fund Direct Growth | 13.67 | 13.34 | - |
As on April 2023
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.96 as on April 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Gargi Banerjee, Deepak Ramaraju are the fund managers of Shriram Long Term Equity Fund Direct Growth
The Exit load of Shriram Long Term Equity Fund Direct Growth is 0%