Careers at Shriram Asset Management Company

Handling Operations w.r.t. Payments, Redemptions, Collections & Other Related Activities

A. Payments

• Early pay in to Custodians by 6 PM.
• Payment to CCIL for investment in TREPS by 3 P.M.
• Fund transfer to AMC’s by 1.30 PM (Overnight)/3 PM (Others).
• Payment towards M2M Loss by 12 Noon.
• All other payments w.r.t Mutual Fund operations like TDS, STT, Stamp Duty, Management Fees and Brokerage etc.

B. Redemptions

• Daily Redemption payments of MF units by 8.30 AM based on the file received from CAMS on the previous night and providing confirmation to CAMS & Back Office.
• Regular checking & feedback of Redemption account to CAMS & Back Office.
• In case of NRI redemption, request is given to bank for processing.
• Redemption of Overnight Fund:
o Confirmation on high value redemptions are received by 3.30 PM.
o Dealer provides TREPS Member Obligation Report around 4 PM.
o Request sent for Intraday Limit to HDFC Bank by 5.30 PM to set the limit for the next working day.
o Check Intraday Limit to be set in the Redemption account by bank around 7 AM and used intraday limit to be knocked off after receiving the funds from CCIL around 7 PM.

C. Collection

• Setting up & coordinating the CMS Facility and e-CMS facility with HDFC for all schemes.
• Physical Mandate Processing & Transactions (for SIP) with HDFC and Report shared with CAMS & back office.
• Sharing information w.r.t high value collection with Dealers and back office on immediate basis.

D. Other Related Activities

• As per SEBI Guidelines, monitoring POOL account on daily basis to make it ZERO balance at EOD Basis.
• Daily monitoring of TREPS and Interest posting to POOL bank accounts (Scheme wise).
• Month End AUM of all schemes provided to HDFC for Intraday Limit facility by 10th of every month.