"Namaskar! Are you looking to invest in Taurus Mutual Fund? Get all the information you need before making that first investment below. Coverfox details the MF NAV, schemes, types, and reviews online for you to analyze. Not enough? Be sure to compare the fund types as well as check out the fund performance online.
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Government of India took an initiative in 1963 to introduce Mutual Funds and established Unit Trust of India. Taurus Mutual Fund is one of such Mutual funds grown in India. The private Mutual Fund got registered itself with SEBI on 21st September, 1993. SB Portfolio Limited and the Trustee is the sponsor of the company. The company is progressing steadily by launching attractive schemes and performing consistently over the years. The firm got permission to make investments in different schemes through NRIs and FIIs.
In 1999, Taurus Mutual Fund and HB Mutual Fund merged and the joint firm got the name Credit Capital Asset Management Company. On 21st April 2006, the firm was renamed to Taurus Asset Management Company Limited. The Taurus group captured some of the schemes of BOI Mutual Fund in 2002. In the Finance and Investment sector, the firm is performing best among its competitors. Every year, a greater number of financial experts are getting associated with the brand and with their experience and knowledge, they are guiding the investors in an innovative way. Taurus Mutual Fund is able to stand strong in every odd situation and has become a leading fund accounting company in India as well as globally.
There are 5 types of mutual funds offered by Taurus Asset Financial services. Under each category there are multiple schemes. To describe each category, below is the quick guide.
Equity Funds: These funds make investment in equity markets, while small portions of investments are done in bonds, notes and other securities. This is also known as Stock Funds, as the investments are done in stock exchange. Here, the risk is either high or low depending upon the market conditions.
ELSS: This is a type of Equity Linked Saving Scheme. The schemes under this scheme often yield high returns, and the risk involved here is also quite high. This is also called as Taurus Tax Shield.
Liquid Schemes: This Taurus Liquid Fund is a short-term profitable scheme for the investors. Here, the investments are made in treasury bills and commercial papers.
This is an open-ended equity scheme which has a benchmark as S&P BSE 100 TRI. If the investment is redeemed before 7days of allotment, then 0.50% is charged as an exit load, if exited on or before 7 days. In this, the minimum investment should be Rs. 5000 and high risk is involved in this scheme.
Investment objective: Here, the aim is to create capital growth for the investors and to invest in different equity instruments.
Suitable for: Those who want to invest in equity & equity related instruments with focus on large cap stocks.
This equity scheme is open ended type with Nifty Mid Cap 100 TRI as a benchmark. If the investment is redeemed before 180 days of allotment, then 0.50% is charged as an exit load; otherwise it’s non-chargeable. Here, the risk is moderately high.
Investment objective: Here, the aim is to generate capital growth by investing in under-valued equity and equity related securities of mid cap companies in a long-term basis.
Suitable for: Those who want capital growth and who are willing to invest in mid cap companies, they can go for this scheme.
This equity scheme is of open ended type, which focuses on investment in equity related securities of companies compliant with Sariah norms of diverse portfolio. It has a benchmark as S&P BSE 500 Shariah Index. In this, the minimum investment should be Rs. 5000 and high risk is involved in this scheme. If the investment is redeemed before 180 days of allotment, then 0.50% is charged as an exit load; otherwise it’s non-chargeable.
Investment objective: Here, the aim is to create capital growth for the investors and to invest in different equity instruments of companies compliant with Sariah norms of diverse portfolio.
Suitable for: This scheme is suitable for them who want to go for the investment in medium to long term mutual funds.
This is an open ended equity scheme with Nifty Infrastructure Index TRI as a benchmark. If the investment is redeemed before 7 days of allotment, then 0.50% is charged as an exit load. In this, the minimum investment should be Rs. 5000 and the high risk is involved in this scheme.
Investment objective: The scheme aims for capital appreciation by making investments in equity and equity related instruments of infrastructure companies.
Suitable for: Those who want to get high returns upon their long-term investment and are willing to take high risks.
This is an open ended equity scheme with Nifty 50 TRI as a benchmark. Here, the risk is comparatively low. In this, the minimum investment should be Rs. 5000. If the investment is redeemed before 180 days of allotment, then 0.50% is charged as an exit load, otherwise it’s non-chargeable.
Investment objective: The objective of the scheme is to replicate the benchmark index by contributing to the top 50 companies’ stock and strategy being investing in the same weightage closest to the stocks in the CNX nifty index.
Suitable for: These funds are suitable for those who want appreciation in capital with moderate risk by investing in the stocks of top 50 companies in India. It is worth mentioning that these kinds of stocks are good for beginners and have little knowledge about investments.
These schemes involve moderately high risks and are of benchmark index S&P BSE 500 TRI. Though there is no entry load, if the investors quit the investment plan within 180 days of enrollment, 0.5% exit load is chargeable on the NAV.
Investment objective: The objective of the scheme is to appreciate the capital over a long period by investing in a diverse set of portfolio for small to medium sized firm in equity and related stuffs. Another objective is to maximize the return at the same time minimizing the risks involved.
Suitable for: These types of schemes are suitable for those who want to have a high return from investing in a diverse portfolio of small and medium sized firm and equity related stuffs involving high risk tolerance.
These types of funds involve high risk and have a benchmark index S&P BSE bankex TRI. Though there is no entry load, if the investor quits the investment plan within 7 days of enrollment, 0.5% exit load is chargeable on the NAV.
Investment objective: The objective of the scheme is to have long-term appreciation in capital through investment in equity and related stuffs for financial and banking industries.
Suitable for: These types of funds are suitable for those who want to generate returns from high risk investments in banking and financial institutions in India.
If you want to invest in the Taurus Mutual fund, you must have the mandatory documents ready along with the application form. KYC form is one of the important elements for every investors. To ensure KYC is correct and complete, you have to submit other supported documents as well.
Those who do not have a PAN card can submit additional forms self-attested by the customer or ARN member to start the investment. Investors must bring the original copy of all the mandatory documents along with the filled form for physical verification when making the investment.
Investment is not an easy task. Therefore, not everyone is eligible to invest in mutual funds. Rather, there exists a list of eligibility criteria for investors.
Investors who want to invest in Taurus mutual funds need to go to the official website and will have to click on the transact online bar to start the process. The process is very easy to follow because of the clear instructions given on the website. The steps are as mentioned below.
How do I buy Taurus Mutual Funds plan online?
You will have to go the website, create a new profile and follow the instruction mentioned on the website to start the process. You will have to fill the application form and get the documents ready before you submit your investment request.
How do I contact Taurus Mutual Funds Company?
You can contact either through email on customercare@taurusmutualfund.com or through a toll-free number.
How do I login Taurus Mutual Funds Company website?
You have to go to the official website and login using your id/pin, if you have already created your login credential. Otherwise, you have to register as a new user.
What is Taurus Mutual Funds Company's Contact Number?
The toll free number of Taurus Mutual Fund is - 1800 108 1111, Phone - 91 22 6624 2700
Which Taurus Mutual Funds scheme should I invest in?
There are various schemes available according to the need of the investors. The website lists all types of schemes. You need to go through it before deciding on a scheme.
Why should invest in Taurus Mutual Funds scheme?
Here are a few reasons why you should invest in Taurus Mutual Funds Scheme- Great returns on investments, safest investment option, reliable firm, tax benefits, Transparency in the services provided.
Is there any charges on my transactions?
There are charges applicable based on the schemes you have chosen. For better understanding about the scheme, contact the tollfree number or drop and email to customer care.
What is the Net Asset Value of a scheme?
It is the price you pay to buy a scheme, generated from total value of the scheme minus the liabilities involved.
How do I redeem the units of Taurus Mutual Funds?
You can submit a request through the website and the amount will be refunded through the cheque or debited to your account.
Do I have to pay any charges for redemption?
Different schemes charge different exit load. Therefore, the completion of number of days from the allotment will decide the charges.
Can I hold the units of Taurus Mutual Funds in Demat form?
Yes, you can hold the units in demat form.
Who cannot invest in the schemes of Taurus Mutual Funds?
Those who do not have valid proofs for the investments cannot invest in the mutual funds. Also, the investor has to be the resident and not a non-resident Indian.
