3 Year return

20.14%
Launched on December 2018 (6 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹51.18 Cr.

Expense Ratio

0.8% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

3
3
0

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Shriram Mutual Fund Managers

GB

Gargi Bhattacharyya Banerjee

Fund Manager since Nov 2019

View Details

Fund House Details

Shriram Mutual Fund

Shriram Mutual Fund Asset management company

AUM ₹445.26 Cr.
No. of Schemes 15
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Shriram Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
scheme logo

Hybrid . Aggressive Hybrid Fund

Shriram Aggressive Hybrid Fund Direct Growth

16.09%
15.98%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

Shriram Balanced Advantage Fund Direct Growth

14.41%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

Shriram Balanced Advantage Fund Direct IDCW Payout

14.28%

About Shriram Long Term Equity Fund Direct Growth

Shriram Long Term Equity Fund Direct Growth is managed by Shriram Mutual Fund, a prominent player in the mutual fund industry. This fund falls under the equity category, specifically the tax-saving or ELSS (Equity Linked Savings Scheme) category. ELSS funds are known for providing potential tax benefits under Section 80C of the Income Tax Act, while also offering exposure to the equity markets.

Investment Objectives of the Scheme

The primary objective of Shriram Long Term Equity Fund Direct Growth is to generate long-term capital appreciation by investing primarily in equity and equity-related instruments. As an ELSS fund, it aims to offer not only potential capital growth but also tax benefits for investors. It has a lock-in period of three years, which means your invested amount will be locked for this duration, aiding in long-term wealth accumulation.

Key Features of The Fund

5-year return 19.18%
Expense Ratio 0.8%
Fund Manager Gargi Bhattacharyya Banerjee
Fund Size ₹51.18 Cr
Risk Profile Very High

Is This Scheme Right for Me?

This fund is suitable for individuals who are looking for a dual benefit of potential capital appreciation and tax savings. If you have a long-term investment horizon and are comfortable with some market volatility in pursuit of higher returns, this fund can be a good fit. It's also suitable for those seeking tax-efficient investment options to optimize their tax liability. However, since ELSS funds come with a lock-in period, ensure that your investment timeline aligns with the three-year lock-in.

AMC Contact Details

Name Shriram Mutual Fund
Launch Date 27th July 1994
Addresss 217, 2nd Floor, Swastik Chambers, Near Junction of S.T. & C.S.T. Road, Chembur, MUMBAI – 400 071
Contact 033 2337 3012
Email info@shriramamc.in
Website https://www.shriramamc.in/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Invest Regularly, Achieve Your Goals with SIPs

Regular investing is a cornerstone of building wealth for the future. SIPs (Systematic Investment Plans) make investing consistent and hassle-free. By setting up a fixed amount to be invested periodically, you can benefit from rupee-cost averaging and potentially reduce the impact of market volatility. Angel One's SIP calculator helps you plan your investment strategy and estimate potential returns.

FAQs

What is today's NAV of Shriram ELSS Tax Saver Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Shriram ELSS Tax Saver Fund Jun 21 2024 is 25.1988

What is the AUM of Shriram ELSS Tax Saver Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Shriram ELSS Tax Saver Fund is 51.18 crore.

What is the expense ratio of Shriram ELSS Tax Saver Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Shriram ELSS Tax Saver Fund is 0.8%

What are the returns of Shriram ELSS Tax Saver Fund since inception?

The Shriram ELSS Tax Saver Fund was launched on Dec 17 2018. The fund has delivered a CAGR of 18.74 since inception.

What is the minimum SIP amount to invest in Shriram ELSS Tax Saver Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Shriram ELSS Tax Saver Fund is 500.

How do I invest in Shriram ELSS Tax Saver Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Shriram ELSS Tax Saver Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Shriram ELSS Tax Saver Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Shriram ELSS Tax Saver Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.