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Open-ended debt scheme investing in money market instruments with residual maturity up to 1year
Relatively low-interest rate risk and moderate credit risk
Aims to provide regular income with easy liquidity
Scheme benchmarked against NIFTY Money Market Index A-I TRI
DBT Bureau
Pune, 12 Jan 2026
Shriram Asset Management Company Limited, part of the Shriram Group, has expanded its fixed income offering with the launch of the Shriram Money Market Fund, an open-ended debt scheme. The fund will invest in high-quality money market instruments with maturity of up to one year, aiming to provide regular income while maintaining high liquidity and a controlled risk profile, in line with regulatory norms.
Money market funds have increasingly emerged as a preferred option for investors looking 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, money market fund AUM has grown more than threefold—from ₹1.11 lakh crore in the Oct–Dec 2022 quarter to ₹3.57 lakh crore as of November 2025 (as per AMFI)—as investors moved surplus funds into liquid, higher-yielding avenues amid higher interest rates and market volatility. Against this backdrop of rising demand for efficient cash management solutions, Shriram Asset Management Company Limited has launched the Shriram Money Market Fund, marking a strategic step in the expansion of its fixed income franchise.
As liquidity management becomes a core requirement for institutional treasuries, corporates and individual investors, the fund strengthens Shriram AMC’s offering beyond its existing debt products such as the Shriram Overnight Fund and Shriram Liquid Fund, while reinforcing the AMC’s intent to build a comprehensive and scalable fixed income bouquet aligned with evolving cash management needs.
Fund investment approach
Shriram Money Market Fund will invest in a diversified portfolio of money market instruments, as defined by SEBI and RBI from time to time, with residual maturity of up to one year. These instruments include Commercial Papers, Certificates of Deposit, Treasury Bills, Triparty Repo, Repo/ Reverse repo in government securities, Government securities with an unexpired maturity up to 1 year and any other short-term instruments allowed under current Regulations.
The scheme’s performance will be benchmarked against the NIFTY Money Market Index A-I (Total Return Index).
The launch also reflects Shriram AMC’s focused capability-building in fixed income. In October’25, the AMC strengthened its investment team with the appointment of Amit Modani as Senior Fund Manager and Lead Fixed Income, bringing extensive experience across money market and short-duration strategies. The Shriram Money Market Fund is the first new fund launch since his joining, underscoring the AMC’s ability to swiftly translate enhanced capabilities into product execution. Building on this momentum, Shriram AMC is actively expanding its fixed income product pipeline, with plans to introduce additional solutions aimed at meeting the evolving liquidity, duration, and risk management needs of institutional treasuries, corporates, HNIs, and retirees.
Kartik L Jain, MD & CEO, Shriram Asset Management Company Limited, said, “As liquidity management becomes a core component of portfolio construction across investor segments, we are strengthening our fixed income offerings to address evolving cash management needs. The launch of the Shriram Money Market Fund reflects this strategic focus, supported by the continued strengthening of our fund management capabilities, including the recent addition of Amit Modani to our fixed income team. With a clear emphasis on risk discipline and execution, we will continue to expand our fixed income product suite to offer relevant solutions across liquidity, duration and risk profiles.”
Amit Modani, Senior Fund Manager, Shriram AMC, added: “Our approach to managing the Money Market Fund is centred on high-quality instrument selection, prudent credit evaluation, and active liquidity management. By maintaining a well-diversified portfolio and closely monitoring market conditions, we aim to deliver risk-appropriate returns consistent with the fund’s objective. The scheme remains aligned with the core principles of money market investing — capital preservation, liquidity, and transparency.”
Investment Options
Investors can invest in Shriram Money Market Fund through lump-sum investments or Systematic Investment Plans (SIP). The minimum application amount is ₹1,000, and subsequent investments can be made in multiples of Re. 1 thereafter. There is no exit load with redemption proceeds expected to be dispatched within three business days, in line with regulatory norms. The scheme will be available under Direct and Regular Plans, with Growth option only. Investors can purchase and manage their investments online through the ShriFunds portal.
(Disclaimer: The information is for educational purposes only. Please consult your financial advisor before investing )
