Shriram Multi Asset Allocation Fund Direct Growth

Hybrid
Direct
Multi Asset Allocation
Shriram Multi Asset Allocation Fund Direct Growth

About the Fund

Shriram Multi Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 8 September, 2023. The fund is managed by Gargi Banerjee. This fund gives you the benefit of diversification.

Key Parameters

  1. Shriram Multi Asset Allocation Fund Direct Growth has ₹143 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

Shriram Multi Asset Allocation Fund Direct Growth has given a CAGR return of 28.00% since inception.

Holdings

Shriram Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Government, Consumer Cyclical, Utilities, Health, Communication, Energy, Basic Materials, Consumer Defensive, Tech, Corporate, Real Estate.

Taxation

As it is a multi asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Shriram Multi Asset Allocation Fund Direct Growth

The primary 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. There is no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Shriram Multi Asset Allocation Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
62 people have invested ₹ 2.3L in Shriram Multi Asset Allocation Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.5%
Benchmark
IISL Nifty 50 TR INR
AUM₹143 Cr
Inception Date8 September, 2023
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 73.1%

  • Debt & Cash 13.5%

Large cap
52.7%

Mid cap
12%

Small cap
5.5%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
30.4%
Industrial
20.4%
Consumer Cyclical
14.5%
Energy
12.6%
Tech
6.8%
Basic Materials
6.5%
Utilities
5.7%
Real Estate
1.3%
Consumer Defensive
1.1%
Health
1%
All changes are between Oct'69 and Dec'69

Gargi Banerjee
Gargi Banerjee
Fund Manager of Shriram Multi Asset Allocation Fund Direct Growth, since 8 September 2023

Shriram Multi Asset Allocation Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered returns of 28% since inception (08nd Sep 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 73.09% in Equity, 2.68% in Debt and 10.8% in Cash related instruments
AUM size ₹143 Cr

AUM size ₹143 Cr

This fund has AUM of ₹143 Cr which is less than its category average of ₹ 3285 Cr
Expense Ratio 0.5%

Expense Ratio 0.5%

This fund has an expense ratio of 0.5% which is less than its category average expense ratio of 1.21%

Frequently Asked Questions

The current NAV of Shriram Multi Asset Allocation Fund Direct Growth is ₹12.8 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
Shriram Multi Asset Allocation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.31%
1.31%
6 Month Returns
15.57%
15.57%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.5% as on May 2024
₹143 Cr as on May 2024
Nippon India ETF Gold BeES(11.55%), 182 DTB 25072024(8.58%), ICICI Bank Ltd(5.06%), Reliance Industries Ltd(3.98%), State Bank of India(3.57%) as on May 2024
Cash Equivalent(21.56%), Financial Services(18.62%), Industrial(16.57%) as on May 2024
AAA
100
Gargi Banerjee is the fund manager of Shriram Multi Asset Allocation Fund Direct Growth
The Exit load of Shriram Multi Asset Allocation Fund Direct Growth is 1%