Shriram Mutual Fund has filed documents for its new Shriram Multicap Fund, an open-ended equity scheme for moderate to high risk investos with Securities and Exchange Board of India (SEBI). It provides both growth and dividend plans. There is no entry load while there will be an exit load of 1% for redemption within 365 days. The unit value for New Fund Offer is Rs 10.
The corpus of the scheme will be invested in equity, equity related instruments, debt, money market instruments and high quality fixed income investment. The basis of equity investments would be prospects of longer term growth, monitoring economic trends, investor sentiments and maintaining a margin of safety.