Good to see management going aggressive on new fund launches with 2 NFOs. Multi Sector Rotation Fund (https://www.shriramamc.in/smurf) and Liquid Fund (https://www.shriramamc.in/liquidfund).
A new Fixed Income Fund Manager has recently joined their Investment team. (Shriram AMC Enhances Fixed Income Team with the Appointment of Mr. Sudip More as Fund Manager – APN News)
Another interesting appointment of Head of Wealth Management seen on LinkedIn (Don’t think Wealth Management biz comes under the listed AMC, but gives comfort as Shriram has accelerated the Wealth Management Biz). (Vikas Satija on LinkedIn: I’m happy to share that I’m starting a new position as Head of Wealth… | 255 comments)
One major concerning factor is that their AUM is still not growing at a faster pace. Equity AUM stands at 482cr as of Sep 2024.
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