Shriram Asset Management Company has expanded its fixed-income product portfolio with the launch of the Shriram Money Market Fund, an open-ended debt scheme focused on short-term money market instruments. The New Fund Offer will open on January 19, 2026 and close on January 21, 2026, marking the company’s latest addition to its growing cash-management product suite .
The newly launched fund aims to invest in high-quality money market instruments with residual maturity of up to one year. The objective is to provide regular income while maintaining high liquidity and a relatively low interest-rate risk profile. The scheme is benchmarked against the NIFTY Money Market Index A-I TRI, aligning its performance measurement with a widely tracked money-market indicator.
Key features of Shriram Money Market Fund
The Shriram Money Market Fund is positioned as an open-ended debt scheme investing in instruments such as Treasury Bills, Commercial Papers, Certificates of Deposit, Triparty Repo, government securities with maturity up to one year, and other instruments permitted under SEBI and RBI regulations. The fund is designed to cater to investors seeking efficient deployment of short-term surplus funds with daily liquidity and controlled risk exposure.
Money market funds have seen strong growth in recent years, with industry assets under management rising sharply as investors increasingly prefer liquid and higher-yielding alternatives to traditional savings avenues. Against this backdrop, the launch strengthens Shriram AMC’s presence beyond its existing Overnight and Liquid Fund offerings.
Snapshot of the Shriram Money Market Fund
| Parameter | Details |
|---|---|
| Fund type | Open-ended money market debt scheme |
| NFO opening date | January 19, 2026 |
| NFO closing date | January 21, 2026 |
| Investment universe | Money market instruments up to 1-year maturity |
| Risk profile | Relatively low interest-rate risk, moderate credit risk |
| Benchmark | NIFTY Money Market Index A-I TRI |
| Minimum investment | Rs 1,000 |
| Exit load | Nil |
| Redemption timeline | Within three business days |
Investment structure and liquidity features
The scheme allows investments through lump-sum mode as well as Systematic Investment Plans. The minimum application amount is set at Rs 1,000, with additional investments allowed in multiples of Re 1. The fund carries no exit load, and redemption proceeds are expected to be dispatched within three business days, in line with regulatory norms.
The fund will be available under Direct and Regular Plans, with the Growth option only, and can be accessed digitally through Shriram AMC’s online investment platform.
Strategic expansion of fixed-income offerings
The launch of the Shriram Money Market Fund is the first new fund introduction following the appointment of Amit Modani as Senior Fund Manager and Lead Fixed Income in October 2025. The fund launch reflects Shriram AMC’s broader strategy to build a scalable and diversified fixed-income franchise aimed at institutional treasuries, corporates, high-net-worth individuals, and retail investors managing short-term liquidity needs.
Management has indicated that the company plans to continue expanding its fixed-income product pipeline across liquidity, duration, and risk profiles.
FAQs
What is the Shriram Money Market Fund?
It is an open-ended debt scheme that invests in money market instruments with residual maturity of up to one year, focusing on liquidity and income stability.
When does the NFO open and close?
The New Fund Offer opens on January 19, 2026 and closes on January 21, 2026.
What type of instruments will the fund invest in?
The fund will invest in Treasury Bills, Commercial Papers, Certificates of Deposit, Repo and Reverse Repo instruments, Triparty Repo, and short-term government securities as permitted by regulators.
Is there an exit load in the scheme?
No, the scheme does not have any exit load.
What is the benchmark for the fund?
The fund is benchmarked against the NIFTY Money Market Index A-I TRI.
Who is the fund suitable for?
The fund is designed for investors looking to manage short-term surplus funds with relatively low interest-rate risk and high liquidity.