Factors to consider before investing in Shriram Mutual Fund

• Experience of fund manager

  A good fund manager guides your investment with their expertise and knowledge. To confirm the skills of the fund manager, you must evaluate their experience, track record, and qualifications in this field. So study the past performance of the manager before investing in a scheme to have an idea how your investment might perform.

  You can check the investment decision made by Deepak Ramaraju, Senior Fund Manager at  Shriram Mutual Fund. He has over a decade of experience in the equity market.

• Past performance

  The performance of a scheme can be judged by how it has performed in the past 3 to 5 years. You can use it to compare it with other schemes and predict its future returns.

  The Shriram ELSS Tax Saver Fund - Growth has given annual returns of 16.79% over the past 3 years.  

• Expense ratio

  Since mutual fund schemes are managed by experts, investing in them entails costs and fees such as management and operating charges, which is known as the expense ratio. Fund managers choose stocks and bonds based on a strategy to maximise returns for investors. It is important to review expense ratios since they affect wealth growth and are usually between 1 and 2%. 

• Exit load

  Exit load is a charge imposed by mutual fund companies when investors withdraw money from a scheme, either partially or entirely, within a specific time after making their investment. Make sure to opt for a low charge or zero exit load scheme to get maximum return during the withdrawal of the money.

• Investment duration

  While some schemes are suited to short-term investment, others are meant for long-term investment. Select the duration of your investment based on your needs and goals.

  You can use the Shriram Mutual Fund Calculator in the INDmoney app to get an idea of what will be your expected return for a certain amount and a certain duration. This will help you in making informed financial decisions.

• Exit load

  It is a fee that you have to pay if you withdraw from a particular Shriram Mutual Fund scheme before a specific time period. Not all mutual funds charge exit loads, so before investing in a mutual fund check their terms and conditions.

How to Start Investing in Shriram Mutual Fund with INDmoney.

Now that you know about Shriram Mutual Fund Mutual Funds, you just need to follow a few simple steps to start your investment with INDmoney, which are stated below.

• Step 1:

  Download the INDmoney app and create your free investment account by completing your KYC ( Know Your Customer).

• Step 2:

  Once your Free investment account is ready, you can either search for Shriram Mutual Fund or go to the mutual fund section.

• Step 3:

  Choose any Shriram Mutual Fund by looking at aspects like past returns, volatility, downside capture ratio, AUM, Expense ratios and underlying stocks and sectors.

• Step 4:

  You can choose to set up SIP in any Shriram Mutual Fund or even invest as a lump sum. Once you are on the individual Shriram Mutual Fund page click from the bottom "One-time" for lump sum investment or "SIP" for a systematic investment plan. 

• Step 5:

  Choose the amount that you want to invest as SIP or LumpSum. 

• Step 6:

  Set up payments. If you choose to set up SIP in any Shriram Mutual Fund, you can do a free automatic pay set-up via bank mandate or UPI. If you choose to invest in a lump sum (one-time) then you can pay via UPI, net banking, NEFT or RTGS.