Shriram
Long Term Equity Fund

(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit.)

Terms and conditions

What is
Shriram Long Term Equity Fund ?

Shriram Long Term Equity Fund is an open ended mutual fund offering the investor an opportunity to create wealth by investing into equity and also provides tax benefits.

Equity Returns + Tax Benefit = Shriram Long Term Equity Fund

This product is suitable for investors who are seeking:

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Investment in diversified portfolio of predominantly Equity and Equity-related Securities.
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Very High Risk.
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Long term capital appreciation with a 3 years lock in time period and tax benefit as this scheme qualifies as an ELSS.

*Investors should consult their financial advisor if in doubt about whether the product is suitable for them.

What is an ELSS Fund?

Section 80C of Income Tax Act (1961) offers certain provisions for receiving income tax deductions. According to Section 80C,

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Certain types of investments are eligible for tax deductions.
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These tax benefits can be claimed by individuals as well as HUF.
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A deduction of upto Rs. 1.5 lakhs per year can be claimed from total income.

Advantages of ELSS

ELSS or tax-saving funds are the smartest investment options for the long term. They come with benefits such as:

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Dual Benefits - Investment Growth through Equity as well as Tax Saving.
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Superior Returns, better Liquidity and Compulsory 3 Year Lock-in Period: Lower Risk.
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Fund Manager Flexibility, Performance Stability and Diversified Portfolio, Long-term Outlook

How does Shriram Long Term Equity Fund construct its portfolio?

Our investment philosophy stresses on

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Steady market beating returns as opposed to returns oscillating between top quartile in good times and bottom quartile in harsh times
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Long term perspective, best businesses at the best prices.
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Paying equal attention to upside participation and downside protection.
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Diligently monitoring returns with respect to the objectives stated.

Returns of
Regular Plan

How has the fund performed?

Returns of Regular Plan - Growth Option as on September 25, 2023
Date of inception: 25-Jan-2019
AUM Rs.(in crore) 35.30 NAV Rs. 17.1608

Date

Period

NAV (Rs.) Per Unit

Scheme Returns (%)

Scheme Benchmark Returns (%)

Additional Benchmark (NIFTY50) Returns(%)

Value of Investment of Rs.10000
Scheme	Scheme Benchmark	Additional Benchmark (NIFTY50)

September 25, 2022

Last 1 Year

15.5032

10.69

15.71

14.71

11,069

11,571

11,471

September 25, 2020

Last 3 Year

10.7831

16.75

24.89

22.66

15,915

19,482

18,456

Last 5 Year

Last 10 Year

January 25, 2019

Since Inception

10.0000

12.26

16.30

15.14

17,161

20,235

19,315

Returns of
Direct Plan

Returns of Direct Plan - Growth Option as on September 25, 2023
Date of inception: 25-Jan-2019
AUM Rs.(in crore) 3.94NAV Rs. 18.7123

Date

Period

NAV (Rs.) Per Unit

Scheme Returns (%)

Scheme Benchmark Returns (%)

Additional Benchmark (NIFTY50) Returns(%)

Value of Investment of Rs.10000
Scheme	Scheme Benchmark	Additional Benchmark (NIFTY50)

September 25, 2022

Last 1 Year

16.6077

12.67

15.71

14.71

11,267

11,571

11,471

September 25, 2020

Last 3 Year

11.1414

18.87

24.89

22.66

16,795

19,482

18,456

Last 5 Year

Last 10 Year

January 25, 2019

Since Inception

10.0000

14.36

16.30

15.14

18,712

20,235

19,315

NIFTY 500 TRI value is the scheme benchmark.

As per SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/2018/04 dated Jan 04, 2018, the performance of the scheme is benchmarked to the Total Return variant of the Index.

The returns are Compounded Annual Growth Returns (CAGR) for the past 1 year, 3 years & since inception and simple annualized for less than 1 year. Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan-Growth Option & Direct Plan-Growth Option.

Performance of Income Distribution cum Capital Withdrawal (IDCW) option would be Net of Dividend distribution tax, if any. For computation of return since inception (%) the allotment NAV has been taken as Rs. 10.00. Point-to-point returns on a standard investment of Rs. 10,000/- are in addition to CAGR for the Scheme.

Past performance may or may not be sustained in future. Load is not considered for computation of returns. In case, the start/end date of the concerned period is a non business date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period.

The scheme is being currently managed by Mr. Deepak Ramaraju along with Ms. Gargi Bhattacharyya Banerjee with effect from August 20, 2022

Why should you choose
Shriram Long Term Equity ?

Shriram Long Term Equity has been designed keeping the end investor in mind. Our portfolio is well-diversified and benchmark-aware but it is also true to mandate. We believe that as investment managers, the most important aspect of our job is to handle risk efficiently and preserve capital to our best efforts. Our fund is diligently monitored and actively diversified, making it ideal for investors who seek long term capital appreciation through investments across various sectors and market capitalisations.

Frequently Asked Questions

What is Shriram Long Term Equity Fund?

An open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. The fund shall be investing in a diversified portfolio of predominantly equity and equity-related securities. Eligible investors in the Scheme shall be entitled to deductions of the amount invested in units of the Scheme under Section 80C of the Income Tax Act, 1961.

What is the Investment Objective?

The primary 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 to enable investors to avail the income tax rebate, as permitted from time to time. 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.

What is the suitability of this scheme?

The scheme is suitable for investors who have the objective of wealth creation (by investing into equity) as well as tax saving.

What is the asset allocation?

The scheme shall invest a minimum of 80% and a maximum of 100% in equity and equity-related instruments. The balance, between 0% to 20%, would stay invested in debt securities including money market instruments.

What is the Fund Management Process & Investment Style?

The Fund follows a top-down and bottom-up approach to select the best quality companies in the sectors that offer best economic potential.

Who is the Fund Manager of the scheme?

The scheme is being currently managed by Mr. Deepak Ramaraju along with Ms. Gargi Bhattacharyya Banerjee

What is the minimum investment amount?

Minimum investment amount is Rs. 500/- and in multiples of Rs. 500/- thereafter. Under Systematic Investment Plan, the minimum amount is Rs. 500/- monthly and Rs. 1,500/- quarterly.

Is there any entry – exit load?

There is no entry load or exit load.

What is the tax treatment of investment of Shriram Long Term Equity Fund?

Long-term capital gains, after the 3-year lock-in, shall be tax free upto Rs. 1 lakh; capital gains exceeding Rs. 1 Lakh shall be taxed at the rate of 10% without allowing the benefit of any indexation.

Disclaimer: MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. With regard to taxation, investors are advised to consult their tax consultants to know the consequences of tax, if any. Income Tax benefits to the mutual fund & to the unit-holder are in accordance with prevailing tax law. The investor shall be solely responsible for any action taken based on this document. Shriram Mutual Fund, Shriram Asset Management Company Limited, Board of Trustees-Shriram Mutual Fund and their associates shall not be liable in any manner for the consequences of such action taken by the investor.
Risk Factors:All investments in mutual funds and securities are subject to market risks and the NAV of the Scheme may go up or down depending upon the factors and forces affecting the securities market. There can be no assurance that the Scheme's investment objective will be achieved. The past performance of the Mutual Fund is not indicative of the future performance of the Scheme. The scheme inception date was January 25, 2019. The Sponsor is not responsible or liable for any loss resulting out of the operation of the Scheme beyond the initial contribution of Rs.1 Lakh made towards setting up the Mutual Fund. Shriram Long Term Equity Fund is only the name of the Scheme and does not in any manner indicate the quality of the Scheme or its future prospects or returns. There is no guarantee or assurance as to any return on investment of the unit holders. The investments made by the Scheme are subject to external risks on transfer, pricing, trading volumes, settlement risks, etc. of securities. Please refer to the Offer Document/Statement of Additional Information/Key Information Memorandum of the scheme before investing.

Our
Fund Managers

Mr. Deepak Ramaraju
Senior Fund Manager

Mr. Deepak Ramaraju serves as the Senior Fund Manager of Shriram Asset Management Company Ltd. Mr. Deepak comes with a diverse experience of over 20 years. He is a chemical engineer by academic background. Prior to joining Shriram Asset Management Company, Mr. Deepak was advising Sanlam Group of South Africa on their India focused fund and was part of their global equity research team. He has been associated with equity markets for the past 16 years and prior to that Mr. Deepak was a researcher and co inventor at GE India Technology Center, Bangalore with 10 patents as co-inventor to his credit.

Ms. Gargi Bhattacharyya Banerjee
Fund Manager

Ms. Gargi Bhattacharyya Banerjee serves as the Fund Manager of Shriram Mutual Fund having an experience of more than 19 years in her professional career. Ms. Gargi Bhattacharyya Banerjee received her Bachelor of Science with Economics (H) and Master of Business Management with specialization in Finance from the University of Calcutta. She joined as Research Manager in Shriram Asset Management Company Limited in November 2012 and before that, she has held a key position in the Research team with Zacks Research Private Limited and Shriram Insight Share Brokers Limited.