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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
The revised interest rates apply to fresh and renewed deposits up to ₹10 crore. Tenure options range from 12 months to 60 months.
The highest effective yield is 9.93% for a 60-month deposit.
Here are the updated cumulative rates and their effective yields:
| Tenure (Months) | Cumulative Rate (% p.a.) | Effective Yield (% p.a.) | Maturity Value (₹5,000) |
| 12 | 7.65% | 7.65% | ₹ 5,382 |
| 15 (Digital Only) | 7.90% | 7.98% | ₹ 5,498 |
| 18 | 7.80% | 7.95% | ₹ 5,595 |
| 24 | 7.90% | 8.21% | ₹ 5,821 |
| 36 | 8.40% | 9.12% | ₹ 6,368 |
| 50 | 8.40% | 9.58% | ₹ 6,996 |
| 60 | 8.40% | 9.93% | ₹ 7,482 |
(Source: Shriram Finance)
Senior citizens will continue to earn an additional 0.50% per annum on all tenures. Women depositors will receive an extra 0.10% per annum. Shriram Finance is also offering an additional 0.25% interest on renewals.
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The company accepts deposits in multiples of ₹1,000, with a minimum amount of ₹5,000.
Shriram Finance’ fixed deposits carry “[ICRA]AA+ (Stable)” and “IND AA+/Stable” ratings, indicating high credit quality.
Shriram Finance is one of India’s largest retail asset financing NBFCs, with assets under management over ₹2.54 lakh crore.
Founded in 1979, it offers loans for commercial vehicles, MSMEs, tractors, gold, and more.
The company has 3,196 branches and serves over 94 lakh customers through a workforce of 79,000+ employees.
ALSO READ | YES Bank trims top FD rate to 7.50%, hikes select longer-term tenures
