3 Year return
19.28%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹47.33 Cr.
Expense Ratio
0.8% (inclusive of GST)
Exit Load
Nil
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
Shriram Mutual Fund Managers
GB
Gargi Bhattacharyya Banerjee
Fund Manager since Nov 2019
Fund House Details
Shriram Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
|
Funds
|
3 Y Returns
|
ARQ Rating
|
|---|---|---|
|
Quant ELSS Tax Saver Fund IDCW Direct Plan Payout |
29.43% |
3.5 |
|
Motilal Oswal ELSS Tax Saver Fund Direct IDCW Payout Payout |
27.1% |
2.5 |
|
Bank of India ELSS Tax Saver Direct Plan IDCW Payout |
25.09% |
3 |
Schemes by Shriram Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Aggressive Hybrid Fund
Shriram Aggressive Hybrid Fund Direct Growth
Hybrid . Aggressive Hybrid Fund
Shriram Aggressive Hybrid Fund Direct IDCW Payout
Hybrid . Aggressive Hybrid Fund
Shriram Aggressive Hybrid Fund Direct IDCW Reinvestment
Hybrid . Dynamic Asset Allocation or Balanced Advantage
Shriram Balanced Advantage Fund Direct Growth
Hybrid . Dynamic Asset Allocation or Balanced Advantage
Shriram Balanced Advantage Fund Direct IDCW Payout
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 | 17.63% |
| Expense Ratio | 0.8% |
| Fund Manager | Gargi Bhattacharyya Banerjee |
| Fund Size | ₹47.33 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 |
| 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.
FAQs
What is today's NAV of Shriram ELSS Tax Saver Fund?
What is the AUM of Shriram ELSS Tax Saver Fund?
What is the expense ratio of Shriram ELSS Tax Saver Fund?
What are the returns of Shriram ELSS Tax Saver Fund since inception?
What is the minimum SIP amount to invest in Shriram ELSS Tax Saver Fund?
How do I invest in Shriram ELSS Tax Saver Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- 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.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Shriram ELSS Tax Saver Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Shriram ELSS Tax Saver Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Shriram ELSS Tax Saver Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.
