Hybrid
Direct
Multi Asset Allocation
NAV as on 06-12-2024
₹ 12.68
▲0.4%
1D
Inception Returns
21%
/yr
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.
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%.
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.
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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
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 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.
Expense ratio | 0.37% |
Benchmark | IISL Nifty 50 TR INR |
AUM | ₹168 Cr |
Inception Date | 8 September, 2023 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 0% |
STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Very High Risk |
as on (06-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Government, Consumer Cyclical & Health
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% |
AAA | 100 |