Shriram Asset Management Company Limited, part of the Shriram Group, has expanded its fixed income offerings with the launch of the Shriram Money Market Fund, an open-ended debt scheme focused on high-quality money market instruments with maturities of up to one year. The fund aims to provide regular income while maintaining high liquidity and a controlled risk profile, in line with regulatory norms. Money market funds have gained traction among investors seeking to park short-term surplus funds, offering the potential for better returns than traditional savings instruments, along with daily liquidity and relatively low volatility. Reflecting this shift, assets under management in money market funds have more than tripled, rising from Rs 1.11 trillion in the October–December 2022 quarter to Rs 3.57 trillion as of November 2025, according to industry data. Against this backdrop of rising demand for efficient cash management solutions, the launch marks a strategic step in strengthening Shriram AMC’s fixed income franchise. As liquidity management becomes increasingly important for institutional treasuries, corporates and individual investors, the new fund enhances Shriram AMC’s product suite beyond existing offerings such as the Shriram Overnight Fund and Shriram Liquid Fund. The move underlines the AMC’s focus on building a comprehensive and scalable fixed income platform aligned with evolving cash management needs. The Shriram Money Market Fund will invest in a diversified portfolio of money market instruments, as defined by regulators, with residual maturities of up to one year. These include commercial papers, certificates of deposit, treasury bills, triparty repos, repo and reverse repo in government securities, and government securities with unexpired maturities 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 focus on strengthening its fixed income capabilities. In October 2025, the AMC appointed Amit Modani as Senior Fund Manager and Lead Fixed Income, bringing experience across money market and short-duration strategies. The Shriram Money Market Fund is the first new fund launch since his appointment, highlighting the firm’s ability to translate enhanced capabilities into product execution. The AMC is also expanding its fixed income pipeline with plans for additional solutions addressing liquidity, duration and risk management needs. Commenting on the launch, Kartik L Jain, Managing Director and Chief Executive Officer of Shriram Asset Management Company Limited, said the fund reflects the AMC’s strategic focus on liquidity-oriented solutions, supported by a continued emphasis on risk discipline and execution strength. Modani added that the fund’s approach will centre on high-quality instrument selection, prudent credit evaluation and active liquidity management, with the objective of delivering risk-appropriate returns while prioritising capital preservation, liquidity and transparency. Investors can access the Shriram Money Market Fund through lump-sum investments or systematic investment plans. The minimum application amount is Rs 1,000, with additional investments allowed in multiples of Re 1. There is no exit load, and redemption proceeds are expected to be processed within three business days. The scheme is available under direct and regular plans, with a growth option only.