has launched the Shriram Money Market Fund, an open-ended debt scheme that will open for subscription from January 19-21, 2026.
The fund will invest in money market instruments with residual maturity up to one year, offering relatively low interest rate risk and moderate credit risk.
The launch comes as money market fund assets under management grew more than threefold from ₹1.11 lakh crore in October-December 2022 to ₹3.57 lakh crore as of November 2025, according to AMFI data.
Investors have increasingly favoured these funds for parking short-term surplus funds amid higher interest rates and market volatility.
The fund will invest in commercial papers, certificates of deposit, treasury bills, government securities with unexpired maturity up to one year, and other short-term instruments as defined by SEBI and RBI. The scheme will be benchmarked against the NIFTY Money Market Index A-I Total Return Index.
Kartik L Jain, MD & CEO of Shriram AMC, said the fund addresses evolving cash management needs across investor segments. The launch follows the appointment of Amit Modani as Senior Fund Manager and Lead Fixed Income in October 2025.
The minimum investment is ₹1,000 with no exit load. Redemption proceeds will be dispatched within three business days. The fund will be available under Direct and Regular Plans with Growth option only.