Shriram AMC looks to launch two new products

 Shriram Asset Management Company is planning to launch at least two new products in the next one-two years.

“We are looking to launch two new schemes. One of them will be a hybrid product under which 65-70 per cent of the total corpus will be invested in debt while the rest will be in equity. The second fund will be a pure equity fund itself,” Shriram AMC head of marketing D Ramanathan said.

Maiden offering

The maiden offering of the company – Shriram Equity and Debt Opportunities Fund, an open ended equity oriented asset allocation fund — has delivered 15.91 per cent since inception outperforming its benchmark and sensex by a decent margin.

Shriram AMC is part of the Rs 90,000 crore financial conglomerate Shriram Group, Chennai. Shriram Credit Company Limited (SCCL), which holds 68.67 per cent stake in Shriram Asset Management Company (SAMC), is the present sponsor of SAMC.

 “Another equity infusion of around Rs 30 crore through the sponsors and associates is likely within the next one year,” Ramanathan said.