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Shriram Mutual Fund and AMC Review 2020

Rated 3/5 by Top Share Brokers Team
 AMC Review

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Shriram Mutual Fund has started its business in November 1994 by constituting a trust under the Indian Trust Act, 1882. The assets of the company are managed by Shriram Asset Management Company Limited whose 68.67% of the stake is held by Shriram Credit Company Limited (SCCL). SCCL is a non-banking financial institution and a wholly owned subsidiary of Shriram Capital Limited.

Shriram Capital Limited (SCL) offers various financial and insurance services having over 12 million customer bases, more than 60,000 employees across 3,000 offices and assets under management (AUM) in excess of Rs 90,000 Cr (2018).

Shriram Mutual Fund has a core business of mutual funds, where currently it is offering three funds, viz., Shriram Hybrid Equity Fund, Shriram Multicap Fund, and Shriram Long Term Equity Fund. The company provides research-based investment solutions to the investors so that they can grow the capital over the long run.

Shriram AMC does not have many branches of it across India. It has two offices, one in Mumbai and the other in Kolkata. The company offers its business through 225 CAMS offices which are situated across the country and also acts its registrar. It also accepts online and offline transactions through CAMS for its 3 schemes with 6 options.

If we talk about customer support, the AMC provides customer service through its helpline number and email. There is no online FAQs or any toll-free number. You can contact the company at the following addresses and number:

Shriram MF Helpline Number: 033 2337 3012/ +91 98756 30897

Shriram MF Email ID: [email protected]

Review Summary

The company is working on the philosophy of nurturing trust and shaping dreams, where it aims at investing in the best companies to help in the growth of capital. Shriram Mutual Fund offers such schemes which provide risk-adjusted returns by maintaining the balance between the risk of the market, liquidity measures and capital appreciation in the most ethical and transparent way.


About Shriram Mutual Fund

  • Fund Type:Indian Private
  • Name of AMC:Shriram Asset Management Co. Ltd.
  • Name of Sponsor:Shriram Credit Company Ltd.
  • Name of Trustee Company:Shriram Credit Board of Trustees
  • Registrar:Computer Age Management Services Pvt. Ltd.
  • SEBI Registration Number:MF/017/94/4
  • Website:www.shriramamc.com
  • Email:[email protected]
  • Address:
  • Contact Number:033-23373012

Benefits

  • Global and local expertise for managing funds.
  • Experienced fund management team.

Considerations

  • No mobile apps are available.
  • Very few investment schemes.
  • No investors’ relation offices.

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Shriram Mutual Fund - Assets under management (AUM)

Shriram Mutual Fund - AUM performance by quarter
Year Quarter FundValue (Rs Lakhs) Difference from previous quater
2020 Q1 (Apr-Jun) 16514.01 -1713.72 (-9.4 %)
2019 Q4 (Jan-Mar) 18227.73 -234.53 (-1.27 %)
2019 Q3 (Oct-Dec) 18462.26 1410.68 (8.27 %)
2019 Q2 (Jul-Sep) 17051.58 3794.77 (28.63 %)
2019 Q1 (Apr-Jun) 13256.81 884.18 (7.15 %)
2018 Q4 (Jan-Mar) 12372.63 2319.88 (23.08 %)
2018 Q3 (Oct-Dec) 10052.75 4669.1 (86.73 %)
2018 Q2 (Jul-Sep) 5383.65 674.82 (14.33 %)
2018 Q1 (Apr-Jun) 4708.83 453.59 (10.66 %)
2017 Q4 (Jan-Mar) 4255.24 -29.33 (-0.68 %)
2017 Q3 (Oct-Dec) 4284.57 21.18 (0.5 %)
2017 Q2 (Jul-Sep) 4263.39 81.49 (1.95 %)
2017 Q1 (Apr-Jun) 4181.9 126.08 (3.11 %)
2016 Q4 (Jan-Mar) 4055.82 289.53 (7.69 %)
2016 Q3 (Oct-Dec) 3766.29 -548.77 (-12.72 %)
2016 Q2 (Jul-Sep) 4315.06 276.94 (6.86 %)
2016 Q1 (Apr-Jun) 4038.12 321.14 (8.64 %)
2015 Q4 (Jan-Mar) 3716.98 5.45 (0.15 %)
2015 Q3 (Oct-Dec) 3711.53 231.65 (6.66 %)
2015 Q2 (Jul-Sep) 3479.88 154.89 (4.66 %)
2015 Q1 (Apr-Jun) 3324.99 -50.92 (-1.51 %)
2014 Q4 (Jan-Mar) 3375.91 199.48 (6.28 %)
2014 Q3 (Oct-Dec) 3176.43 243.82 (8.31 %)
2014 Q2 (Jul-Sep) 2932.61 336.53 (12.96 %)
2014 Q1 (Apr-Jun) 2596.08 163.37 (6.72 %)
2013 Q4 (Jan-Mar) 2432.71 58.19 (2.45 %)
2013 Q3 (Oct-Dec) 2374.52 2374.52 ( %)
2013 Q2 (Jul-Sep) 0 0 ( %)
2013 Q1 (Apr-Jun) 0 0 ( %)

AUM stands for assets under management or funds under management and is a measure how much money an asset management company (AMC) manages on behalf of clients. Value of AUM is calculated as sum of total holdings * most recent market price for each holding. Shriram Mutual Fund has been ranked number 41 in terms of AUM in Indian Mutual Fund market.


Shriram Mutual Fund Product and Services - 2020

Shriram Hybrid Equity Fund

It is an open-ended aggressive hybrid category fund which invests with a judicious mix of equity and equity related instruments, debt and money market instruments. At any time of the market, it invests a minimum 65% of its total assets in equity and the rest in debt instruments.

Overall Benefits:

  • Provide risk-adjusted returns
  • Highly diversified

Shriram Long Term Equity Fund

It is an open-ended ELSS fund with a statutory lock-in period of 3 years. The fund invests most of its capital in equities and equity-related securities across the market cap. It offers a tax benefit to the investors under Section 80C of the Income Tax Act, 1961 for up to Rs 1.50 Lakh per annum.

Overall Benefits:

  • Offers tax benefit
  • Aims to generate long-term capital appreciation

Shriram Multicap Fund

It is an open-ended equity scheme which invests across the market cap irrespective of the sectors. The fund aims to generate long-term capital appreciation for the investors by predominantly investing in the equity and equity-related securities providing enough diversification to the portfolio.

Overall Benefits

  • Invest in various sectors to provide overall growth.
  • Can change portfolio according to the growth in the market and companies which will give higher capital appreciation.

Shriram Mutual Fund Factsheets

Every mutual fund company shares the factsheets every month. These factsheets include the latest changes done in the portfolio of the funds, the NAVs of the past whole month, asset under management, fund manager, fund size, volatility measures, expense ratio, turnover ratio, industry exposure, dividend allocation and many other details associated with the fund. Shriram Mutual Fund also provides its factsheets every month with the AMFI as well as on their website so that investors and potential investors can decide if they want to continue with the fund or not. It is providing the fact sheets since December 2013. You can download Shriram Mutual Fund Fact Sheets here.


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Shriram Mutual Fund - by Scheme Category

In this section we have just divide the Shriram Mutual Fund scheme by category, you can click on category link to explore more about each scheme. Complete details of each scheme, latest NAV, performance are available on relevant pages.

Number of Scheme in each category for Shriram Mutual Fund
AMC Category Number of Funds
Shriram Mutual Fund Hybrid Scheme - Dynamic Asset Allocation or Balanced Advantage 1
Shriram Mutual Fund Hybrid Scheme - Aggressive Hybrid Fund 1
Shriram Mutual Fund Equity Scheme - Multi Cap Fund 1
Shriram Mutual Fund Equity Scheme - ELSS 1

How to Invest with Shriram Mutual Fund

Online Investment via Website

Shriram Mutual Fund does not allow investors to make online investments directly. You need to register yourself with CAMS and through them, only you can invest online in the schemes of the fund house. At CAMS, you have to submit your KYC which must include the PAN card details, Aadhar card copy and any other document asked by the company. For making an investment in the schemes of Shriram Mutual Fund, start here.

Shriram Mutual Fund Mobile Apps

The company is not offering its mobile app at this moment. So if you want to invest with the mobile app, you need to use the distributors’ app.

Shriram Mutual Fund Physical Investment Form

The company is providing a physical investment form for each of its funds which can be downloaded easily. You can download the physical investment forms of Shriram Mutual Fund here.

Stock Exchange Platform

Investors can buy the schemes of Shriram MF at BSE StAR platform.

Shriram Mutual Fund - Active Customer/Folio Count and Complaints

Active Customer and Folio Count for Shriram Mutual Fund
Year Folio Count Folio Count difference from last year Complaint Count Complaint %
2018-2019 15853 11391 (255.29 %) 0 0%
2017-2018 4462 -868 (-16.29 %) 0 0%
2016-2017 5330 -1031 (-16.21 %) 0 0%
2015-2016 6361 1722 (37.12 %) 8 0.13%
2014-2015 4639 46 (1 %) 8 0.17%
2013-2014 4593 4593 ( %) 4 0.09%

Shriram Mutual Fund - Active Customer/Folio Count and Complaints table give you company performance in term of growth and customer satisfaction in term of complaints count and complaints % with respective of total folio.


Final thought about Shriram Mutual Fund

The fund house is offering very few schemes under its platform. You can invest in any of the funds if you have the long term goals of capital appreciation as they follow a set process of making investments as well as have proper risk measures. Though these funds are a very late entrant in the mutual fund industry and they have to prove themselves in the next 3-5 years, you can still invest in Shriram Hybrid Equity Fund as it is highly diversified and already been in the market for 6 years.

The company is not offering any mobile app as well as direct online investment. Customers need to invest through offline form and have to submit it to CAMS or request a callback. There is no direct investment option available on the website, therefore, the company needs to work hard to provide all these facilities to the investors.

If you like what you have read and want to choose Shriram Mutual Fund or any other AMC, leave your contact information with us and we will guide you.


Shriram Mutual Fund User Reviews

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  2017-08-10T20:55:21+00:00

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