Shriram Mutual Fund has launched a new fund named as Shriram Long Term Equity Fund, an open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 17 December to 18 January 2018. The Investment Objective of the scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time.The scheme offers regular plan and direct plan for investment. Both plans offer growth option and dividend option. Dividend option has sub-options of dividend (payout).The scheme would allocate 80%-100% of assets in equity and equity related securities with medium to high risk profile and invest upto 20% of assets would be allocated to debt & money market instruments with low risk profile. The minimum application amount is Rs 500/- and in multiples of Rs. 500/- thereafter. The minimum additional purchase amount is Rs 500/- and in multiples of Rs. 500/- thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. Entry load: Not Applicable Exit load: NIL Benchmark Index for the scheme is NIFTY 500 TRI. The fund managers of the scheme are Kartik Soral.Powered by Capital Market - Live News

Shriram Mutual Fund has launched a new fund named as Shriram Multicap Fund, an open ended equity scheme investing across large cap, mid cap, small cap stocks. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 07 September to 21 September 2018. The Investment Objective of the scheme is to generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of Equity & equity related securities diversified over various sectors.The scheme offers regular plan and direct plan for investment. Both plans offer growth option and dividend option. Dividend option has sub-options of dividend (payout & reinvestment).The scheme would allocate 65%-100% of assets in equity and equity related instruments including derivatives with medium to high risk profile and invest upto 35% of assets would be allocated to debt & money market instruments with low risk profile.The minimum application amount is Rs 5000 and in multiples of Re. 1/- thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. Entry load: Not Applicable Exit load: For exit within 365 days from the date of allotment - 1%For exit on or after 365 days from the date of allotment - NIL Benchmark Index for the scheme is NIFTY 500 TRI.The fund managers of the scheme are Kartik Soral.Powered by Capital Market - Live News

Shriram Mutual Fund has announced change in Minimum Withdrawal Amount for Systematic Withdrawal Plan (SWP) of the scheme Shriram Hybrid Equity Fund, with effect from 10 August 2018.Existing:Minimum Monthly SWP:Rs. 1000/- and multiple of Re. 1/- thereafterMinimum Quarterly SWP:Rs. 3000/- and multiple of Re. 1/- thereafterProposed:Minimum Monthly SWP:Rs. 750/- and multiple of Re. 1/- thereafterMinimum Quarterly SWP:Rs. 2250/- and multiple of Re. 1/- thereafterPowered by Capital Market - Live News