Taurus Mutual Funds was one of the first homegrown private mutual fund firms in India that got registered with SEBI (Securities and Exchange Board of India). Taurus Mutual Fund was registered with SEBI on Sept 21, 1993. Firstly, it was constituted as a firm in Aug 1993 and after that it was renamed as Taurus Mutual Funds and was registered with SEBI. Present sponsor of the firm is SB Portfolio Limited & the Trustee is Taurus Investment Trust Company Limited.
Taurus Mutual Funds offers schemes for all investor segments ranging across equity, debt and money market, liquid and ELSS Schemes. With the help of a various schemes Taurus Mutual Funds always tried to give his best in the financial and Investment Sector. Taurus Mutual Funds always come up with new and innovative products and schemes in the market with the help of years of expertise and knowledge in the domain. To provide better security levels and service in the market Taurus Mutual Funds is allied with SBI-SG Global Security Services Private Limited. It is one of the best and the largest fund accounting company in India and Globally.
Taurus Mutual Funds offers a wide range of mutual funds to the investors. Investors can choose from a variety of options available to them and they can invest in the option which suits their needs to help them fulfill their dreams and long term financial goals. There are series of advantages in investing in the TAURUS Mutual Funds:
- Mutual Funds are the SEBI regulated investment option that safeguard investor interests
- There is no long term Capital Gain Tax on equity MF units if held for more than 1 year
- Tax free dividends can be obtained in case of ELSS Tax Saver funds
- Most of the Open-Ended funds can be liquidated in the 3 working days at the current NAV
- TAURUS Mutual Funds are easy to invest and easy to redeem too
- TAURUS Mutual Funds ensures the presence of diversified portfolio and minimizes the risk and invests across different industries.
- TAURUS Mutual Funds offers features like Systematic Investment Planning, Systematic Transfer Plan and the Systematic Withdrawal Plan. Most Funds also allows switching between the funds like from debt to equity.
- TAURUS Mutual funds believes in complete transparency and declares daily NAV and Portfolio on regular basis.
- Fund Managers of TAURUS Mutual Fund are professionals with lots of experience in the industry and the investor can feel safe for the investments made in the TAURUS Mutual Fund.
Types of Funds
Equity funds sometimes also called as stock funds. The primarily objective of these funds is capital gain by investing major portion of the fund in stocks while the small portion may be in bonds, notes and other securities. An Equity fund can be open-ended or the close-ended fund which allows the investor to invest small amount of money in the diversified portfolio by the experienced fund managers which minimized his risk in investing in the equity market.
|Fund Name||Fund Highlights|
|TAURUS BONAZA FUND – GROWTH||Open-Ended Diversified Fund, Less Volatile, Long-Term Growth, Invests in Equity and Related Instruments of Large Cap Companies|
|TAURUS DISCOVERY FUND – GROWTH||Open Ended Scheme, Invests in Undervalued Penny Stocks, Greater Potential for Growth, Better Dividends|
|TAURUS ETHICAL FUND – GROWTH||Open-Ended, Only Shariah Compliant Fund in India, Invests in only listed Indian Stocks, Disciplined Investment Process|
|TAURUS INFRASTRUCTURE FUND – GROWTH||Open-Ended Diversified Fund, Long-Term Capital Appreciation, Invests in Equity or Equity Related Securities of Companies related directly or indirectly with infrastructure Development|
|TAURUS NIFTY INDEX FUND – GROWTH||Open-Ended Index Linked Fund, Long-Term Medium Risk Fund, Well Diversified Portfolio, Invests in 50 best fundamentally strong companies|
|TAURUS STARSHARE – GROWTH||Open-Ended Diversified Fund, Better Growth Potentials, Invests in Sound Companies, Should invest with long-term investment outlook|
|TAURUS BANKING AND FINANCIAL SERVICES FUND – GROWTH||Open-Ended Diversified Fund, Invests in Equity & Related Instruments of Companies Related to Banking and Financial Services|
ELSS Scheme are also known as Equity Linked Savings Scheme. In these types of schemes the investor will get the tax benefit under section 80C and the investor’s money in these types of schemes is invested in equity and related Instruments which will probably give better returns in comparison to other conventional savings schemes with 80C tax benefit like PPF. Lock-in period is also only 3 years which is comparatively less than other tax benefit schemes. Investors can gain better returns on his investments under such type of schemes and also get the tax benefit. Investor can enter in these schemes anytime in the year.
|Fund Name||Fund Highlights|
|TAURUS TAX SHIELD – GROWTH||Open-Ended ELSS Scheme, Tax Saving up to 46350/- under section 80 C, Short Lock-in Period of 3 years, Invests in Equity & Related Securities, Long Term Capital Appreciation|
INCOME/DEBT SCHEMES In debt funds the fund is invested in a mix of debt or the fixed income securities like T-Bills, Government Bonds, Corporate Bonds, and money market instruments. Generally Debt Funds have fixed maturity date and offers fixed rate of interest.
|Fund Name||Fund Highlights|
|TAURUS SHORT TERM INCOME FUND – GROWTH||Open-Ended Bond Scheme, Generates Income, Regular Returns, High on Liquidity, Invests in Debt & Money Market Instruments|
|TAURUS ULTRA SHORT TERM BOND FUND-RETAIL PLAN-GROWTH||Open-Ended Scheme, Generates Return with higher liquidity, Consistent Returns, High Safety, Invests in Pool of Debt & Money Market Instruments|
|TAURUS DYNAMIC INCOME FUND – GROWTH||Long-Term Capital Appreciation, Invests in Debt & Money Market, Medium-Term Investment Horizon of around 6 months, moderate risk portfolio|
LIQUID SCHEMES Liquid funds are a special class of fund/schemes available in the market. An investor can invest in such schemes for very short period even for 7 days. In such type of schemes, liquidation can be done overnight. These schemes feature low level of risk and are suitable for corporates and individuals having surplus money for very short period. That surplus money can be invested in various schemes which will give some returns in the short term.
|Fund Name||Fund Highlights|
|TAURUS LIQUID FUND-RETAIL PLAN-GROWTH||Open-Ended Liquid Scheme, Invests in High Quality Debts and Short Term Money Market|
Mr. Sadanand Shetty Mr. Sadanand Shetty completed his Masters in Commerce and also holds a PGDFA from St. Xavier’s Institute of Management, Mumbai. He has experience of over two decades in the financial sector and he has worked with many reputed financial firms in India. In his total experience of 21 years, he worked with Kotak Securities Ltd. as Vice President and Portfolio Manager of Equities for around 6 years. He also worked with SocGen as Institutional Equities for around 4 years. Before that he was working with Newscorp owned Indya.com Private Limited as Manager of Investment Research for 2 years. Still earlier, he was appointed as Principal Capital Markets Limited as Vice President of Investments for 2 years and also worked as an Analyst with Capital Markets Publishers Private Ltd. for 3 years. Funds Managed by Mr. Sadanand Shetty
- TAURUS BONAZA FUND
- TAURUS DISCOVERY FUND
- TAURUS ETHICAL FUND
- TAURUS INFRASTRUCTURE FUND
- TAURUS NIFTY INDEX FUND
- TAURUS STARSHARE
- TAURUS BANKING AND FINANCIAL SERVICES FUND
- TAURUS TAX SHIELD
Mr. Archit Shah Mr. Archit Shah has a CFA degree and also holds a PGDBM in Finance along with 6.5 years of financial management experience. Currently he is working as Fund Manager of Fixed Income. Prior to joining Taurus Mutual Funds, he was working as a Fixed Income analyst and associated with CRISIL and I Peritus Solution & Services Private Limited. Funds Manage by Mr. Archit Shah
- TAURUS SHORT TERM INCOME FUND
- TAURUS ULTRA SHORT TERM BOND FUND-RETAIL PLAN
- TAURUS DYNAMIC INCOME FUND
- TAURUS LIQUID FUND
How to Complete Your Mutual Fund eKYC
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Companies)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your Mutual Fund eKYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of a fund house or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
How to Invest in Mutual Funds via Paisabazaar.com?
Step 1: Go to Paisabazaar.com
Step 2: Select the ‘Mutual Fund’ option.
Step 3: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 4: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 5: Select the Taurus Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 6: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 7: You can complete the payment using net banking of major Indian banks. The mutual fund units will be allotted to you within 5 working days.
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.