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Shriram Mutual Fund will launch its liquid fund soon.
In a press release, Kartik L Jain, MD & CEO, Shriram MF said, “Shriram Liquid Fund aligns with our mission to offer solutions that enhance financial flexibility for investors. The fund’s value proposition is anchored around the SLR approach, which offers a balanced mix of stability, liquidity and returns potential, making it an ideal option for both retail and corporate investors. It is also an ideal choice for investors looking to maintain contingency funds securely and efficiently.”
Sudip More, Fund Manager, Shriram MF said, “The fund will maintain a staggered portfolio allocation and accrual strategy with 75% to 80% investments in certificates of deposits (CDs) and Commercial Papers (CPs). Its model allocation would be 5% to overnight papers, 25% in CDs, 50% in CPs and 20% in T-bills. The proportion of the same may vary depending on different circumstances. By focusing on high-quality debt and money market instruments and minimizing interest rate and credit risks, we aim to provide stable performance with low volatility.”
