Widely read:
Shriram Mutual Fund has announced several changes to their investment provisions for Shriram Overnight Fund, effective from September 20, 2024.
The minimum application amount for lumpsum investments in the scheme has been reduced from Rs 5,000 to Rs 500 per application. Additionally, the SIP (Systematic Investment Plan) provision has been updated as follows:
- Minimum Rs 500 for 24 instalments
- Minimum Rs 1,000 for 12 instalments
These changes apply across weekly, fortnightly, monthly, and quarterly SIP frequencies.
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