Shriram AMC gets SEBI Nod for off Shore Fund Management

Shriram Asset Management Co Ltd has recently got the go - ahead from SEBI to undertake “off shore fund management”.

India’s relatively higher growth and diversity of themes presents an attractive opportunity for investors over the medium to long term. The sentiments have become investor friendly due to government’s announcement of a series of reform measures in recent months such as acceptance of AP Shah committee to not to impose retrospective MAT on overseas investors for the years prior to April 01,2015 & repatriation of non convertible/redeemable preference shares or debentures issued by the listed Indian companies on stock exchanges.

According to a poll conducted by Bank of America Merrill Lynch (BofA-ML) recently, in which 50 investors participated, India was the most favorite equity market for the global investors for the year 2015 at 43 per cent, followed by China at 26 per cent.

About Shriram AMC

Shriram AMC is part of the INR 90,000 crores financial conglomerate Shriram Group, Chennai having significant presence in financial services through commercial vehicle finance, small business finance and consumer finance, life and general insurance, stock broking, Mutual Fund and distribution of financial products.  The Group firmly believes AMC business as a strategic fit as it complements the overall product suite. Shriram Credit Company Limited (SCCL), which holds 68.67% stake in Shriram Asset Management Company Limited (SAMC), is the present Sponsor of SAMC. SCCL being a Non Deposit taking, Non Banking Financial Company registered under RBI Act 1934 is the wholly owned subsidiary of Shriram Capital Limited. Shriram Asset Management Company Limited is a listed quoted company. The shares are listed in Bombay Stock Exchange.

Mr. A. K Singh is the MD & CEO of Shriram Asset Management Company. He is a B.Tech (IIT Kharagpur) and PGDM from IIM Bangalore with rich professional career of over 25 years out of which last 17 years have been in the Financial Services space. He has been associated with Shriram Group since 1994 as the President of Shriram City Union Finance Limited and later he took as Managing Director in the year 2000 till 2005.

Mr. Partha Ray is the CIO and Fund Manager with over 20 years of experience in the financial services sector. He is an alumnus of IIT, Kharagpur and IIM, Bangalore. He has held various senior level positions with HSBC, Citi Bank, Standard chartered and his last assignment was with Royal Bank of Scotland.

Pursuant to payment of dividend, the NAV of the Dividend Option of the plans will fall to the extent of payout and statutory levy (if applicable).

Disclaimer

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS. READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Risk Factors: All Investments in mutual funds and securities are subject to market risks and the NAV of the Scheme may go up or down depending upon the factors and forces affecting the securities market. There can be no assurance that Scheme's investment objective will be achieved. The past performance of the Mutual Fund is not indicative of the future performance of the Scheme. The scheme inception date was 29^th November 2013.The Sponsor is not responsible or liable for any loss resulting out of the operation of the Scheme beyond the initial contribution of Rs.1 Lakh made towards setting up the Mutual Fund. Shriram Equity and Debt Opportunities Fund is only the name of the Scheme and does not in any manner indicate the quality of the Scheme or it's future prospects or returns. There is no guarantee or assurance as to any return on investment of the unit holders. The investments made by the Scheme are subject to external risks on transfer, pricing, trading volumes, settlement risks, etc. of securities. Please refer to the Offer Document/Statement of Additional Information/Key Information Memorandum of the scheme before investing.