Shriram Money Market Fund vs Shriram Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Shriram Money Market Fund is a Money Market fund and Shriram Multi Asset Allocation Fund is a Multi Asset fund. Shriram Money Market Fund charges 0.12% a year and Shriram Multi Asset Allocation Fund 0.62% (Direct plans). Their portfolios overlap 14.7%: they hold 2 of the same securities.
Shriram Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.62%
- NAV
- ₹13.29
Which is better, Shriram Money Market or Shriram Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Shriram Money Market costs less: 0.12% a year against 0.62% (Direct plans).
- Shriram Money Market fell less in its worst fall since 28-01-2026: −0.2% against −11.1%.
- Shriram Multi Asset Allocation is the larger fund: ₹140 Cr against ₹78 Cr.
- Their portfolios overlap 14.7%: 2 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Shriram Money Market Fund | Shriram Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Shriram Mutual Fund | Shriram Mutual Fund |
| Category | Money Market | Multi Asset |
| AUM | ₹78 Cr (30-09-2026) | ₹140 Cr (30-09-2026) |
| NAV | ₹1,048.23 (Direct) | ₹13.29 (Direct) |
| Expense ratio (Direct) | 0.12% | 0.62% |
| Expense ratio (Regular) | 0.35% | 2.48% |
| Riskometer | Low to Moderate | Very High |
| Benchmark | NIFTY Money Market Index A-I | Nifty 50 TRI 70% + NIFTY Short Duration Debt Index 20% + Domestic prices of Gold 8% + Domestic prices of Silver 2% |
| Launch date | 27-01-2026 | 08-09-2023 |
| Minimum investment | ₹1,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Amit Modani | Hitesh Savanth, Prateek Nigudkar, Amit Modani |
| Exit load | NIL | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. |
Shriram Money Market vs Shriram Multi Asset Allocation: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Shriram Money Market Fund (Direct) | +0.31% | +1.41% | +3.11% | -- | -- | -- | -- |
| Shriram Multi Asset Allocation Fund (Direct) | −1.21% | −4.16% | −2.47% | +0.01% | +10.13% | -- | -- |
| Money Market average | +0.33% | +1.49% | +3.29% | -- | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
Category average: the average of the 27 Money Market funds and the 37 Multi Asset funds, same plan type.
Shriram Money Market vs Shriram Multi Asset Allocation: Year-wise Returns
| Year | Money MarketShriram Money Market | Multi Asset AllocationShriram Multi Asset Allocation |
|---|---|---|
| 2026to date | -- | −3.87% |
| 2025 | -- | +10.12% |
| 2024 | -- | +10.91% |
Shriram Money Market vs Shriram Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Shriram Money Market vs Shriram Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Shriram Money Market Fund (Direct) | Shriram Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.30% | +9.43% |
| Standard deviation | 0.55% | 11.74% |
| Sharpe ratio | 1.98 | 0.29 |
| Sortino ratio | 3.13 | 0.38 |
| Maximum drawdown | −0.2% (22-05-2026) | −15.3% (28-02-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-01-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Shriram Money Market Fund (Direct)
Shriram Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Shriram Money Market Fund (Direct) | −0.2% | 11-05-2026 | 22-05-2026 | 01-06-2026 | 10 days | 0.0% |
| Shriram Multi Asset Allocation Fund (Direct) | −11.1% | 29-01-2026 | 23-03-2026 | Not yet | -- | −7.3% |
From daily values since 28-01-2026, the first day every fund has.
Shriram Money Market vs Shriram Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Shriram Money Market Fund, September 2026; Shriram Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 14.7%
- Held by both
- 2
- Only in Shriram Money Market
- 8
- Only in Shriram Multi Asset Allocation
- 84
| Security | % of Shriram Money Market | % of Shriram Multi Asset Allocation |
|---|---|---|
| UNION BANK OF INDIA CD RED 22-02-2027 | 11.21% | 7.68% |
| BANK OF BARODA CD RED 12-02-27 | 11.23% | 6.99% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.7% means 14.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Shriram Money Market Fund
| Security | % of fund |
|---|---|
| HDFC BANK CD RED 24-02-2027 | 12.45% |
| KOTAK SECURITIES LTD CP RED 23-02-2027 | 12.42% |
| EXIM BANK CP RED 12-03-27 | 12.41% |
| NABARD CD RED 18-03-2027 | 12.38% |
| 364 DAYS TBILL RED 10-12-2026 | 6.33% |
Largest holdings only in Shriram Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| NIPPON INDIA ETF GOLD BEES | 12.24% |
| ICICI Bank Ltd. | 3.94% |
| HDFC Bank Ltd. | 3.93% |
| Reliance Industries Ltd. | 3.88% |
| Bharti Airtel Ltd. | 2.91% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Shriram Money Market | Shriram Multi Asset Allocation |
|---|---|---|
| Equity | 0.0% | 69.7% |
| Debt | 90.8% | 15.5% |
| Cash and others | 9.2% | 14.8% |
Market cap of stocks
| Market cap | Shriram Money Market | Shriram Multi Asset Allocation |
|---|---|---|
| Large Cap | -- | 53.3% |
| Mid Cap | -- | 5.2% |
| Small Cap | -- | 11.0% |
| Not on AMFI's list | -- | 0.3% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Shriram Money Market | Shriram Multi Asset Allocation |
|---|---|---|
| Banks | 0.0% | 15.5% |
| Pharmaceuticals & Biotechnology | 0.0% | 5.1% |
| Automobiles | 0.0% | 4.7% |
| Petroleum Products | 0.0% | 4.4% |
| IT - Software | 0.0% | 3.7% |
| Telecom - Services | 0.0% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
Shriram Money Market vs Shriram Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Shriram Money Market Fund | Shriram Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.12% | 0.62% |
| Base expense ratio (Direct) | 0.09% | 0.46% |
| Total expense ratio (Regular) | 0.35% | 2.48% |
| Base expense ratio (Regular) | 0.28% | 2.06% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Shriram Money Market with
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Shriram Money Market Fund vs Shriram Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Shriram Money Market Fund and Shriram Multi Asset Allocation Fund?
Shriram Money Market Fund is a Money Market fund, Shriram Multi Asset Allocation Fund is a Multi Asset fund, run by Shriram Mutual Fund. Their portfolios overlap 14.7%. Shriram Money Market Fund charges 0.12% a year and Shriram Multi Asset Allocation Fund 0.62%.
Which has the lower expense ratio, Shriram Money Market Fund or Shriram Multi Asset Allocation Fund?
Shriram Money Market Fund charges less: 0.12% a year against 0.62%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Shriram Money Market Fund and Shriram Multi Asset Allocation Fund overlap?
14.7%. They hold 2 of the same securities, the largest shared ones being UNION BANK OF INDIA CD RED 22-02-2027, BANK OF BARODA CD RED 12-02-27. From each fund's latest monthly portfolio.
Which is riskier, Shriram Money Market Fund or Shriram Multi Asset Allocation Fund?
On SEBI's riskometer, Shriram Money Market Fund is rated Low to Moderate and Shriram Multi Asset Allocation Fund Very High. Over their common history, the standard deviation of daily returns was 0.55% and 11.74% a year.
Can I invest in both Shriram Money Market Fund and Shriram Multi Asset Allocation Fund?
Yes. 14.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Shriram Money Market Fund and Shriram Multi Asset Allocation Fund?
Shriram Money Market Fund: Amit Modani. Shriram Multi Asset Allocation Fund: Hitesh Savanth, Prateek Nigudkar, Amit Modani.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.