Scheme Information Document
Total Page:16
File Type:pdf, Size:1020Kb
Mutual Fund SCHEME INFORMATION DOCUMENT Shriram Flexi Cap Fund An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks This product is suitable for investors who are seeking*: • Long term capital appreciation • Investment in actively managed portfolio predominantly consisting of Equity & equity related securities diversified over various sectors. • Very High Risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note : Risk is represented as : Riskometer i. Low - Principal at low risk te Mo ii. Low to Moderate - Principal at low to moderate risk dera dera o H tel iii. Moderate - Principal at moderate risk M igh y iv. Moderately High - Principal at moderately high risk o H t te ig v. High - Principal at high risk w ra h o e vi. Very High - Principal at very high risk L d o M V e r y w H o i L g h RISKOMETER Investors understand that their principal will be at very high risk Continuous offer for units at NAV related price Name of Mutual Fund : Name of Asset Management Company : Name of Trustee Company/ Shriram Mutual Fund Shriram Asset Management Board of Trustees : Company Limited Board of Trustees, CIN : L65991MH1994PLC079874 Shriram Mutual Fund Address : Registered Office : 1006, 10th Floor, “Meadows”, Sahar Plaza, Andheri Kurla Road, J. B. Nagar, Andheri (East), Mumbai - 400 059, India Website : www.shriramamc.in The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations 1996, (hereinafter referred to as SEBI (MF) Regulations) as amended till date, and filed with SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document. The Scheme Information Document (SID) sets forth concisely the information about the scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this Scheme Information Document after the date of this Document from the Mutual Fund / Investor Service Centers / Website / Distributors or Brokers. The investors are advised to refer to the Statement of Additional Information (SAI) for details of SHRIRAM MUTUAL FUND, Tax and Legal issues and general information on www.shriramamc.in SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, please contact your nearest Investor Service Centre or log on to our website. The Scheme Information Document should be read in conjunction with the SAI and not in isolation. This Scheme Information Document is dated May 22, 2021 INTERPRETATION For all purposes of this Scheme Information Document, except as otherwise expressly provided or unless the context otherwise requires: v All references to the masculine shall include the feminine and all references, to the singular shall include the plural and vice-versa. v All references to "Rs." refer to Indian Rupees. A "crore" means "ten million" and a "lakh" means a "hundred thousand". v All references to timings relate to Indian Standard Time (IST). v Words and expressions used in the Scheme Information Document and not defined shall have the same meaning as in the regulations. v References to a day are to a calendar day including non-Business Day unless otherwise specified. TABLE OF CONTENTS HIGHLIGHTS OF THE SCHEME 1 I. INTRODUCTION A. Risk Factors 2 B. Requirement Of Minimum Investors 3 C. Special Considerations 4 D. Definitions 4 E. Due Diligence by the Asset Management Company 7 II. INFORMATION ABOUT THE SCHEME A. Type of Scheme 7 B. Investment Objective of the Scheme 7 C. How will the scheme allocate its Asset? 7 D. Where will the Scheme invest? 8 E. What are the Investment Strategies? 11 F. Fundamental Attributes 13 G. How will the Scheme benchmark its performance? 13 H. Who manages the Scheme? 13 I. What are the investment restrictions? 14 Segregation of Portfolio 15 J. How has the Scheme performed? 18 III. UNITS AND OFFER A. New Fund Offer 19 B. Ongoing Offer Details 25 C. Periodic disclosure 29 D. Computation of Net Asset Value 30 IV. FEES AND EXPENSES A. New Fund Offer Expenses 30 B. Annual Scheme Recurring Expenses 30 C. Load Structure 31 V. RIGHTS OF UNIT HOLDERS 32 VI. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF INSPECTIONS OR 32 INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY VII DISCLOSURE PERSUANT TO THE SEBI CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2016/42 DATED MARCH 18, 2016 32 Mutual Fund NURTURING TRUST, SHAPING DREAMS HIGHLIGHTS / SUMMARY OF THE SCHEME Name of the Scheme : Shriram Flexi Cap Fund Type of Scheme : An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks. Options & Plans for investment - Regular Plan (For applications routed through Distributors) (i) Growth (ii) Income Distribution cum Capital Withdrawal option (Payout/Reinvestment) Direct Plan (For applications not routed through Distributors) (i) Growth (ii) Income Distribution cum Capital Withdrawal option (Payout/Reinvestment) Note : Dividend amounts can be distributed out of investors capital (Equalization Reserve), which is part of sale price that represents realized gains. Dividend distribution is at the discretion of the Trustees and subject to available distributable surplus. However, the Trustee reserve the right to introduce / modify investment Plans / Options under the Scheme at a future date in accordance with SEBI (MF) Regulations. All plans/options will have a common portfolio. If Dividend payable under Payout of Income Distribution cum Capital Withdrawal option is equal to or less than Rs. 500/- then the Dividend would be compulsorily reinvested in the option of the Scheme. Direct Plan is only for the investors who purchase/subscribe Units in the Scheme directly with the Fund (i.e. Investments not routed through AMFI Registration number (ARN) Holder. Investments under Direct Plan can be made through various modes offered by the Fund for investing directly with the Fund {except Stock Exchange Platform(s) and all other Platform(s) where investors’ applications for subscription of units are routed through Distributors. Investment objective: The primary investment objective of the scheme is to generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of Equity & equity related securities diversified over various sectors. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. Liquidity: The Scheme offers Units for Subscription and Redemption at NAV based prices on all Business Days on an ongoing basis, commencing not later than 5 working days from the date of closure of NFO period. Under normal circumstances the AMC shall dispatch the Redemption proceeds within 5 working Days from date of receipt of request from the Unit holder. Benchmark: NIFTY 500 TRI value Transparency/NAV /Portfolio Disclosure: The AMC will calculate and disclose the first NAV of the respective plans not later than 5 business days from the date of allotment of the respective plans. The Mutual Fund shall prominently disclose the Net asset value of the scheme on every business day under a separate head on the website of the AMC “www.shriramamc.in” as well as on AMFI's website “www.amfiindia.com” (by the time limit for uploading NAV as per applicable guidelines). If the NAVs are not available before commencement of business hours on the following day due to any reason, the Fund shall issue a press release providing reasons and explaining when the Fund would be able to publish the NAVs. NAV shall be calculated on all business days. In addition, the NAV, Sale and Repurchase rates for all business days will be available at our Branch Offices. Further, Mutual Fund/ AMC shall extend facility of sending latest available NAVs to unit holders through SMS, upon receiving a specific request in this regard. Pursuant to SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2018/92 dated June 05, 2018 the AMC shall disclose portfolio (along with ISIN) as on the last day of the month / half-year for the scheme on AMC website and on the website of AMFI within 10 days from the close of each month/ half-year respectively in a user-friendly and downloadable spreadsheet format. In case of unit holders whose e-mail addresses are registered, the Mutual Fund/ AMC shall send via email both the monthly and half-yearly statement of scheme portfolio within 10 days from the close of each month/ half-year respectively. Mutual Fund/ AMC shall publish an advertisement every half-year disclosing the hosting of the half-yearly statement of its scheme portfolio on the AMC website and on the website of AMFI and the modes such as SMS, telephone, email or written request (letter) through which a unit holder can submit a request for a physical or electronic copy of the statement of scheme portfolio. Such advertisement shall be published in the all India edition of at least two daily newspapers, one each in English and Hindi. Mutual Fund/ AMC shall provide a physical copy of the statement of its scheme portfolio, without charging any cost, on specific request received from a unit holder. Load: Entry Load: Not Applicable. Exit Load: For exit within 365 days from the date of allotment - 1% of applicable Net Asset value (NAV) & For exit after 365 days from the date of allotment - NIL Transaction Charges: SEBI vide its circular no. Cir/IMD/DF/13/2011 dated 22 August 2011 has allowed mutual funds to levy a transaction charge on subscriptions of Rs.10,000 and above, which shall be deducted by the AMC from subscription amount and paid to the distributors.