Shriram Money Market Fund
This is the Regular plan of Shriram Money Market Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
Not ratedHow this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.
Not enough Money Market Fund peers to rank yet
Volatility 0.6% vs 0.4% category avg
0.3% expense vs 0.5% category avg
Not enough history for a rolling 3Y view
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Low expense ratio (0.35%) vs the Money Market Fund average of 0.45%
Concerns
- More volatile than its Money Market Fund peers (0.6% vs 0.4%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Money Market Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.42% | +0.43% | -0.01% |
| 3M abs | +1.48% | +1.53% | -0.05% |
| 6M abs | +3.36% | +3.51% | -0.15% |
| 1Y CAGR | — | +6.22% | — |
| 3Y CAGR | — | +6.99% | — |
| 5Y CAGR | — | +6.34% | — |
Category average across peers in Money Market Fund (up to 27 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
8 monthly installments of ₹10,000 into Shriram Money Market Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt73.11%
- Cash & Equivalents26.65%
- Other0.24%
Cash & cash-like: 73.11% — the 26.65% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.
Fund size over time
Quarterly average AUM · AMFIDown +11% from its peak of ₹260.16Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Shriram Mutual Fund is run by Shriram Asset Management, part of the Chennai-based Shriram Group. It is one of the industry's smallest houses by assets, running a handful of equity and hybrid schemes.
Fund Managers
AMAmit ModaniStart date not disclosed
Mr. Amit Modani has over 13 years of experience in fixed income fund management and dealing. Before his current role, he served as Fund Manager - Fixed Income at Mirae Asset Investment Managers (India) Pvt. Ltd. He has also worked with BOI Mutual Fund. Prior to that, he worked as Portfolio Manager – Fixed Income at Quantum Mutual Fund and as Dealer – Fixed Income at PGIM Mutual Fund.
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Shriram in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Two from Shriram Mutual Fund - 13 equity mutual funds fail to outperform benchmarks in 3 years: ACE MF
The Economic Times · 4d ago
SHRIRAM ASSET MANAGEMENT CO.LT Share Price
Upstox · 4d ago
Shriram Gold ETF Passive FoF - Regular Plan Portfolio
The Economic Times · 4d ago
Shriram Gold ETF Passive FOF - Direct (G)
Multibagg AI · 5d ago
Shriram Mutual Fund has declared change in the fund managers of its few schemes
Value Research · 21d ago
Shriram Gold ETF Passive FoF Regular-Growth (₹ 10.04) - NAV, Reviews & asset allocation
The Economic Times · 05 Sep 2026
India’s Power Industry Set to Gain Most from Global AI Expansion, Says Shriram Mutual Fund Report
The Impressive Times · 11 Jul 2026
‘Power sector presents India’s biggest AI opportunity’
News Arena India · 11 Jul 2026
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Money Market funds
Money market funds hold only money market instruments — treasury bills, commercial paper, certificates of deposit — maturing within one year. The one-year ceiling is on each instrument, which keeps both interest-rate and credit risk short.
Frequently asked questions
What is the NAV of Shriram Money Market Fund?
As of 05 Oct 2026, the NAV of Shriram Money Market Fund is ₹1,044.36 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Shriram Money Market Fund delivered?
Shriram Money Market Fund has returned +4.32% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Shriram Money Market Fund?
Shriram Money Market Fund charges an expense ratio of 0.35% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Shriram Money Market Fund?
Shriram Money Market Fund's largest holdings are SIDBI CP RED 21-09-2026 (9.8%), HDFC BANK CD RED 24-02-2027 (9.6%), KOTAK SECURITIES LTD CP RED 23-02-2027 (9.5%), NABARD CD RED 18-03-2027 (9.5%) and BANK OF BARODA CD RED 12-02-27 (8.6%). Holdings are disclosed monthly and change over time.
How risky is Shriram Money Market Fund?
Shriram Money Market Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.6% and its worst peak-to-trough fall in our sample was -0.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Shriram Money Market Fund?
Shriram Money Market Fund is benchmarked against the Nifty Money Market Index A-I. Its alpha and beta on this page are measured against that index.
Who manages Shriram Money Market Fund?
Shriram Money Market Fund is managed by Amit Modani at Shriram.
How is Shriram Money Market Fund taxed?
Shriram Money Market Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.