Shriram Mutual Fund has launched the Shriram Money Market Fund, an open-ended debt scheme investing in money market instruments with maturities up to one year. The fund aims to offer regular income, high liquidity, and controlled risk. The New Fund Offer (NFO) is open from January 19 to January 21. This launch aligns with a growing investor preference for money market funds due to their potential for better returns than savings accounts, coupled with low volatility and daily liquidity, as evidenced by significant growth in the sector's Assets Under Management.