Shriram Multi Asset Allocation Fund Direct Growth

Shriram Multi Asset Allocation Fund Direct Growth

Hybrid

Direct

Multi Asset Allocation

NAV as on 06-12-2024

₹ 12.68

0.4%

1D

Inception Returns

21%

/yr

About Shriram Multi Asset Allocation Fund Direct Growth

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 ₹168 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Shriram Multi Asset Allocation Fund Direct Growth has given a CAGR return of 20.97% since inception. Over the last 1 year the fund has given a CAGR return of 16.20%.

Holdings

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

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 500.00 and for SIP is INR 500.00. Shriram Multi Asset Allocation Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
55 people have invested ₹ 1.9L in Shriram Multi Asset Allocation Fund Direct Growth in the last three months

Shriram Multi Asset Allocation Fund Direct Growth Overview

Expense ratio0.37%
Benchmark
IISL Nifty 50 TR INR
AUM₹168 Cr
Inception Date8 September, 2023
Min Lumpsum/SIP₹500/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
0%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
Shriram Multi Asset Allocation Fund Direct Growth
Multi Asset Allocation Index
1M
0.5%
-
3M
-1.1%
-
6M
1.8%
-
1Y
16.2%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 63.8%

  • Debt & Cash 19.6%

Large cap
29.6%

Mid cap
26.1%

Small cap
10%

Sector Allocation

Oct'24

Sep'24

Aug'24

Health
28.8%
Consumer Cyclical
20.7%
Financial Services
13.3%
Industrial
11.5%
Tech
7.4%
Communication
5.9%
Consumer Defensive
5.1%
Basic Materials
4.1%
Real Estate
1.8%
Utilities
1.3%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 175.6 Cr
₹ 175.6 Cr
₹ 174.7 Cr
  • AUM of the fund stands at 175.6 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24

Top 3 Sectors in October were Government, Consumer Cyclical & Health

Oct'24
Government
47%
Health
29%
Consumer Cyclical
21%
Sep'24
Government
52%
Consumer Cyclical
27%
Health
22%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
61
61
52
Top 5 Company Concentration
12.9%
15.2%
16.9%
Company having highest exposure
Bajaj Auto Ltd (2.9%)
Oracle Financial Services Software Ltd (3.8%)
HDFC Bank Ltd (3.9%)
No of Sectors
12
10
11
Top 5 Sectors Concentration
121.6%
126.4%
109.6%
Sector having highest exposure
Government (47.3%)
Government (52.5%)
Government (45.5%)
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Gargi Banerjee
Gargi Banerjee
Fund Manager of Shriram Multi Asset Allocation Fund Direct Growth, since 8 September 2023
Fund House
Shriram Asset Management Co Ltd
Total AUM
₹711.77 Cr
as on 31-Oct-2024
Address
Shriram Asset Management Co. Ltd.,CK-6, 2nd Floor,,Sector II, Salt Lake City,
Phone
+913323373012
Website
info@shriramamc.com

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 an average annual returns of 20.97% since inception which is more than its category average return of 13.62%
Fund Allocations

Fund Allocations

This fund has an allocation of 63.78% in Equity, 10.82% in Debt and 8.76% in Cash related instruments
AUM size ₹168 Cr

AUM size ₹168 Cr

This fund has AUM of ₹168 Cr which is less than its category average of ₹ 3881 Cr
Expense Ratio 0.37%

Expense Ratio 0.37%

This fund has an expense ratio of 0.37% which is less than its category average expense ratio of 1.2%

Frequently Asked Questions for Shriram Multi Asset Allocation Fund Direct Growth

The current NAV of Shriram Multi Asset Allocation Fund Direct Growth is ₹12.68 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
Shriram Multi Asset Allocation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.48%
0.48%
6 Month Returns
1.78%
1.78%
1 Year Returns
16.2%
16.2%
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.
0.37% as on November 2024
₹168 Cr as on November 2024
Nippon India ETF Gold BeES(12.95%), National Bank For Agriculture And Rural Development(8.45%), Nippon India Silver ETF(3.96%), Bajaj Auto Ltd(2.87%), Sun Pharmaceuticals Industries Ltd(2.82%) as on November 2024
Health(18.35%), Government(17.14%), Cash Equivalent(16.2%) as on November 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%