Shriram Asset Management Co Ltd

History of Shriram Asset Management Co Ltd

Shriram Asset Management Company Limited is an integral part of Chennai- based Shriram' Group which has a significant presence in financial services such as commercial vehicle, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products. The Company was incorporated in Mumbai on 27th July, 1994, and received the Certificate of Commencement of Business on 5th December, 1994. The Company received permission from Securities and Exchange Board of India (SEBI) to act as the Asset Management Company of Shriram Mutual Fund on 21st November, 1994. Presently, it provide Asset Management Services. The Company had closed all schemes of the Fund in 2001-02 and subsequent to this no new schemes were launched during 2002-03. The Board of Directors had approached the Securities and Exchange Board of India (SEBI) seeking their permission to launch new schemes and for change of Sponsor from Shriram Transport Finance Company Limited to Shriram Credit Company Limited and resulting, the permission was granted to Shriram Credit Company Limited to act as a Sponsor and also granted its approval to Shriram Mutual Fund to restart its business activity in 2012-13. The maiden scheme, Shriram Hybrid Equity Fund was launched in November 2013. Shriram Flexi Cap Fund was launched in September 2018. During FY 2018-19, two more funds- Shriram Multicap Fund got launched in September, 2019 and Shriram Long Term Equity Fund got launched in January, ...2019. Another fund, launched by the Company in July 2019, was Shriram Balanced Advantage Fund. Shriram Overnight Fund, got launched in August 2022. Shriram Multi Asset Allocation Fund, launched in September 2023, delivered 18.76% (at the end of March 2024 on an absolute basis) since inception. The AUM crossed Rs 1000 crore in December 2024 before settling at Rs 896 crores by Mar'25. The Company launched Shrifunds, an online platform where investors can invest and manage their Shriram AMC investments seamlessly in FY 2025. In addition, three new funds were launched during FY 2025: Shriram Nifty 1D Rate Liquid ETF (launched July 2024), which returned 6.21% (absolute) since launch. Shriram Liquid Fund (launched November 2024), which posted an absolute return of 7.09% as of March 2025. Shriram Multi Sector Rotation Fund (launched December 2024), which is in its early stage and reported an absolute return of -21.11%. Assets Under Management (AUM) for mutual funds reached ? 65.74 lakh crores as on March 31, 2025, an increase of 23.1% from March 2024. During FY 2024-2025 the Company was registered as Portfolio Managers with SEBI for carrying out activities of Portfolio Management Scheme under Regulation 3 of Securities and Exchange Board of India (Portfolio Managers) Regulations, 2020. Company on December 16, 2024 launched 3 PMS Products- Shriram LEAPS - Investment Approach, Shriram Future GEMS - Investment Approach and Shriram Liquid PMS - Investment Approach. As of March 31, 2025, the PMS business had total Assets Under Management (AUM) of Rs 5.69 crore.