Shriram Asset Management Company (AMC) has launched a new open-ended debt scheme called Shriram Money Market Fund. The fund will be open for subscription from January 19 to January 21, 2026.
Its main objective is to invest in money market instruments that have a residual maturity of up to one year.
This approach helps keep interest rate risk relatively low while maintaining moderate credit risk, making it suitable for short-term investors.
Growing Popularity of Money Market Funds in India
The launch comes at a time when money market funds in India are seeing strong growth.
As per data from the Association of Mutual Funds in India (AMFI), assets under management (AUM) in this category increased from ₹1.11 lakh crore in October–December 2022 to ₹3.57 lakh crore by November 2025.
This sharp rise shows that investors are increasingly choosing money market funds as a safe place to park short-term surplus funds, especially during periods of high interest rates and market volatility.
Investment Strategy and Key Features of the Fund
Shriram Money Market Fund will invest in instruments such as commercial papers, certificates of deposit, treasury bills, and government securities, all with maturities of up to one year.
The fund will follow SEBI and RBI guidelines, and its benchmark will be the NIFTY Money Market Index AI Total Return Index.
According to Kartik L. Jain, MD and CEO of Shriram AMC, the fund is designed to address the cash management needs of different types of investors.
Fund Management and Investor Details
The company has appointed Amit Modani as Senior Fund Manager and Lead Fixed Income, with a maturity focus extending to October 2025, reflecting a targeted fixed-income strategy.
The minimum investment amount is ₹1,000, and there is no exit load. Investors can expect redemptions within three business days. The scheme will be available in direct and regular plans, both offering a growth option.
