+
Shriram AMC Launches Money Market Fund to Expand Debt Suite
ECONOMY & POLICY

Shriram AMC Launches Money Market Fund to Expand Debt Suite

Shriram Asset Management Company, part of the Shriram Group, has expanded its fixed income portfolio with the launch of the Shriram Money Market Fund, an open-ended debt scheme aimed at investors seeking liquidity, capital preservation and stable income through high-quality short-term instruments.

The fund will invest in money market instruments with maturities of up to one year, in line with SEBI and RBI regulations, while maintaining a controlled risk profile. Money market funds have increasingly gained traction as an efficient avenue for parking short-term surplus funds, offering relatively better returns than traditional savings instruments along with daily liquidity and lower volatility. Reflecting this trend, money market fund assets under management have grown more than threefold—from Rs 1.11 trillion in the October–December 2022 quarter to Rs 3.57 trillion as of November 2025, according to AMFI data.

Against this backdrop, the launch marks a strategic step in strengthening Shriram AMC’s fixed income franchise. The new fund complements the AMC’s existing offerings such as the Shriram Overnight Fund and Shriram Liquid Fund, and reinforces its focus on building a comprehensive and scalable suite of cash management solutions for institutional treasuries, corporates and individual investors.

The Shriram Money Market Fund will invest in a diversified portfolio comprising instruments such as commercial papers, certificates of deposit, treasury bills, triparty repo, repo and reverse repo in government securities, and government securities with residual maturity of up to one year. The scheme will be benchmarked against the NIFTY Money Market Index A-I (Total Return Index).

The launch also reflects Shriram AMC’s capability-building in fixed income, following the appointment of Amit Modani as Senior Fund Manager and Lead Fixed Income in October 2025. This is the first new fund introduced since his joining.

Kartik L Jain, Managing Director and Chief Executive Officer, Shriram Asset Management Company Limited, said, “As liquidity management becomes a core component of portfolio construction, we are strengthening our fixed income offerings to address evolving cash management needs. With a clear emphasis on risk discipline and execution, we will continue to expand our fixed income product suite.”

Amit Modani, Senior Fund Manager, Shriram AMC, added, “Our approach focuses on high-quality instrument selection, prudent credit evaluation and active liquidity management to deliver risk-appropriate returns aligned with the fund’s objectives.”

The fund is available for lump-sum and SIP investments, with a minimum application amount of Rs 1,000, no exit load, and redemption proceeds expected within three business days.

Shriram Asset Management Company, part of the Shriram Group, has expanded its fixed income portfolio with the launch of the Shriram Money Market Fund, an open-ended debt scheme aimed at investors seeking liquidity, capital preservation and stable income through high-quality short-term instruments.The fund will invest in money market instruments with maturities of up to one year, in line with SEBI and RBI regulations, while maintaining a controlled risk profile. Money market funds have increasingly gained traction as an efficient avenue for parking short-term surplus funds, offering relatively better returns than traditional savings instruments along with daily liquidity and lower volatility. Reflecting this trend, money market fund assets under management have grown more than threefold—from Rs 1.11 trillion in the October–December 2022 quarter to Rs 3.57 trillion as of November 2025, according to AMFI data.Against this backdrop, the launch marks a strategic step in strengthening Shriram AMC’s fixed income franchise. The new fund complements the AMC’s existing offerings such as the Shriram Overnight Fund and Shriram Liquid Fund, and reinforces its focus on building a comprehensive and scalable suite of cash management solutions for institutional treasuries, corporates and individual investors.The Shriram Money Market Fund will invest in a diversified portfolio comprising instruments such as commercial papers, certificates of deposit, treasury bills, triparty repo, repo and reverse repo in government securities, and government securities with residual maturity of up to one year. The scheme will be benchmarked against the NIFTY Money Market Index A-I (Total Return Index).The launch also reflects Shriram AMC’s capability-building in fixed income, following the appointment of Amit Modani as Senior Fund Manager and Lead Fixed Income in October 2025. This is the first new fund introduced since his joining.Kartik L Jain, Managing Director and Chief Executive Officer, Shriram Asset Management Company Limited, said, “As liquidity management becomes a core component of portfolio construction, we are strengthening our fixed income offerings to address evolving cash management needs. With a clear emphasis on risk discipline and execution, we will continue to expand our fixed income product suite.”Amit Modani, Senior Fund Manager, Shriram AMC, added, “Our approach focuses on high-quality instrument selection, prudent credit evaluation and active liquidity management to deliver risk-appropriate returns aligned with the fund’s objectives.”The fund is available for lump-sum and SIP investments, with a minimum application amount of Rs 1,000, no exit load, and redemption proceeds expected within three business days.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code