Shriram Asset Management Company is currently trading at Rs. 187.00, up by 11.50 points or 6.55 % from its previous closing of Rs. 175.50 on the BSE.
The scrip opened at Rs. 180.95 and has touched a high and low of Rs. 189.25 and Rs. 176.00 respectively. So far 9148 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 243.45 on 17-Jan-2023 and a 52 week low of Rs. 93.00 on 04-Jan-2023.
Last one week high and low of the scrip stood at Rs. 189.25 and Rs. 148.15 respectively. The current market cap of the company is Rs. 151.62 crore.
The promoters holding in the company stood at 63.94%, while Non-Institutions held 36.06% stake in the company.
Shriram Asset Management Company (Shriram AMC) is all set to launch the Shriram Multi Asset Allocation Fund on August 18, 2023. This new fund aims to offer long term inflation adjusted wealth creation through exposure to multiple assets such as equity, debt, and gold/silver ETFs. The New Fund Offer (NFO) will close on September 1, 2023.
Between 65% to 80% of the fund’s corpus will be invested in equity, which includes 30 to 40 stocks from Shriram AMC’s proprietary Enhanced Quantamental Investment (EQI) model. The model relies on statistical data to make the right investment decisions for better fund performance while integrating quant as well as fundamental inputs for portfolio construction. The minimum allocation of 65% to equities allows investors in this fund to benefit from Long Term Capital Gains tax of 10%. The fund would also allocate 10% to 25% of funds in high quality (AAA) Short to Medium term debt, preferably in government and government-backed securities to avoid any credit risk; 10% to 25% in gold/silver ETFs, with the option up to 10% in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).
Shriram Asset Management Company is an integral part of the ‘Shriram’ Group. The Company act as the Asset Management Company of Shriram Mutual Fund.
| Company Name | CMP |
|---|---|
| ICICI Prud.Asset Man | 3334.05 |
| HDFC Asset Mngt. Co | 2792.40 |
| Nippon Life India As | 1017.50 |
| Aditya Birla Sun AMC | 1071.75 |
| UTI Asset Management | 1034.55 |
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