Shriram Mutual Fund launches Shriram Overnight Fund

NFO period: 17^th August – 19^th August, 2022

Highlights of the NFO:

• Scheme type – An open ended debt scheme investing in overnight securities. A Relatively Low Interest Rate Risk and Relatively Low Credit Risk


• Investment objective – The primary objective of the scheme is to generate returns commensurate with low risk and providing high level of liquidity, through investments made in debt and money market instruments with overnight maturity. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.


• Product suitability – The product is suitable for investors who are seeking returns commensurate with low risk and convenience of liquidity over short term by investing in debt and money market instruments with overnight maturity Low Risk.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Income Distribution cum capital withdrawal (IDCW) (IDCW Payout and IDCW Reinvestment).


• Fund Managers – Mr. Kartik Soral and Ms. Gargi Bhattacharyya Banerjee


• Benchmark – CRISIL Overnight Index