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.

1. Shriram Multi Asset Allocation Fund Direct Growth has ₹152 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
2. The fund has an expense ratio 0.5.
   

Shriram Multi Asset Allocation Fund Direct Growth has given a CAGR return of 29.26% since inception.

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

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).

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