India, Jan. 12 -- Shriram Asset Management Company Limited, part of the Shriram Group, has expanded its fixed income portfolio with the launch of the Shriram Money Market Fund, an open-ended debt scheme.
The new fund will invest in high-quality money market instruments with maturities of up to one year, aiming to deliver regular income while maintaining high liquidity and a controlled risk profile, in line with regulatory guidelines.
Money market funds have gained popularity among investors seeking to park short-term surplus funds, offering the potential for relatively better returns than traditional savings options, along with daily liquidity and low volatility. Reflecting this trend, money market fund assets under management have more t...