Shriram Money Market Fund (SMMF) is an open-ended debt scheme with an investment objective of generating regular income through investment in a portfolio comprising of money market instruments with residual maturity up to 1 year.
Seeks to invest primarily in money-market instruments with relatively higher credit rating, from a carefully selected universe.
May be used for up to 1-year financial goals, depending on investor objectives and risk profile.
No lock-in and no exit load, allowing investors to access or park money based on their short-term investment horizon.
AUM of Money Market Fund category grew by 2.6x whereas Liquid Fund category grew by 0.46x

AUM of Money Market Fund grew to ₹ 3,57,101 Crore, accounting for 18% of total Debt Funds AUM*

No exit load. Invests in money-market instruments with maturities up to one year. Aims to maintain a portfolio with an average maturity up to 1 year.
High-quality short-term securities. Carefully crafted universe of money market instruments.
Attempts to provide a relatively better risk—return profile compared with traditional short-term alternatives.
Efficient cash management vehicle with limited impact from interest rate changes.
This fund can be used for STP (Systematic Transfer Plan) to other funds, allowing investors to transfer a fixed amount at regular intervals.
Fund name
Shriram Money Market Fund
Fund category
Money Market Fund (Debt Scheme)
Benchmark
NIFTY Money Market Index A-I
Fund type
An open-ended debt scheme investing in money market instruments. A relatively low-interest rate risk and moderate credit risk
Scheme objective
The investment objective of the Scheme is to generate regular income through investment in a portfolio comprising of money market instruments with residual maturity up to 1 year. There is no assurance that the investment objective of the Scheme will be achieved.
Lock in plan/option
Regular Plan and Direct Plan
Fund manager
Mr. Amit Modani and
Mr. Sudip Suresh More
Minimum Application Amount (Lumpsum)
Rs. 1,000 and in multiples of Re. 1/- thereafter
Minimum Amount (Per SIP Installment)*
(i) Rs. 500/- and in multiples of Re. 1/- thereafter for minimum 24 installments
(ii) Rs. 1000/- and in multiples of Re. 1/- thereafter for minimum 12 installments
Maximum: No Limit
Exit load
Nil
Investors should consult their financial advisers if in doubt about whether the product is suitable for them**.


Benchmark Riskometer is at low to moderate risk
As per AMFI Tier 1 Benchmark i.e Nifty Liquid Index A-I| Credit Risk / Interest Rate Risk | Relatively Low (Class A) | Moderate (Class B) | Relatively High (Class C) |
|---|---|---|---|
| Relatively Low (Class I) | - | B-I | - |
| Moderate (Class II) | - | - | - |
| Relatively High (Class III) | - | - | - |
B-I - A Scheme with Relatively Low Interest Rate Risk and Relatively Moderate Credit Risk

Work Experience
13+ yearsFund Managed
06
Work Experience
19+ yearsFund Managed
06
Mr. Deepak Ramaraju is a highly experienced Senior Fund Manager at Shriram Asset Management Company Ltd, with over two decades of diversified experience under his belt. He holds a degree in chemical engineering and has been associated with equity markets for the past 16 years. Before joining Shriram Asset Management Company, Mr. Deepak was part of the global equity research team and advised the Sanlam Group of South Africa on their India-focused fund. Prior to his stint in the financial industry, Mr. Deepak worked as a researcher and co-inventor at GE India Technology Center, Bangalore. During his time there, he was credited with 10 patents, highlighting his expertise and innovative abilities. His diverse background and extensive experience make him a valuable asset to the Shriram Asset Management team.

Mr. Sudip Suresh More has around 19 years of experience in managing Fixed Income Investments, Macroeconomic Research and Credit Analysis. Prior to this assignment, Mr. Sudip Suresh More was Debt Fund Manager at Kshema General Insurance Company. Additionally, he has also worked with Sahara India Life Insurance Company Ltd as a Debt Fund Manager whereby managing ULIP and Traditional funds on Fixed Income side.

Mr. Prateek brings over 13 years of experience in managing equity funds, as well as in quantitative and fundamental research. Before his current role, he served as the Fund Manager at Jio BlackRock Mutual Fund. He has also held the position of Fund Manager at DSP Mutual Fund. Earlier in his career, he worked as a Quantitative Analyst at State Street Global Advisors and Credit Suisse Business Analytics, India.

Mr. Amit Modani has over 13 years of experience in fixed income fund management and dealing. Before his current role, he served as Fund Manager - Fixed Income at Mirae Asset Investment Managers (India) Pvt. Ltd. He has also worked with BOI Mutual Fund. Prior to that, he worked as Portfolio Manager – Fixed Income at Quantum Mutual Fund and as Dealer – Fixed Income at PGIM Mutual Fund.
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Risk Factors : The information contained in this document is compiled from third party and publicly available sources and is included for general information purposes only. There can be no assurance and guarantee on the yields. Views expressed cannot be construed to be a decision to invest. The statements contained herein are based on current views and involve known and unknown risks and uncertainties. Whilst Shriram Asset Management Company Limited (the AMC) shall have no responsibility/liability whatsoever for the accuracy or any use or reliance thereof of such information. The AMC, its associate or sponsors or group companies, its Directors or employees accepts no liability for any loss or damage of any kind resulting out of the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information contained herein. Any reliance on the accuracy or use of such information shall be done only after consultation to the financial consultant to understand the specific legal, tax or financial implications. For further information about other schemes (product labelling and performance of the fund) please visit the website of the AMC www.shriramamc.in. Please consult your financial advisor or mutual fund distributor before investing.
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