Taurus MIP Advantage Fund : NFO

by khalid on 05/07/2010 · 0 comments

Taurus Mutual Fund is handled by Taurus Asset Management Company Limited, which was incorporated in 1994. The company has launched a New Fund Offer (NFO) named as Taurus MIP Advantage Fund. This is an open ended income scheme. The objective of the scheme is to generate regular income through a portfolio of Fixed income securities, Gold ETFs and equity & equity related instruments. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or gaurantee any returns.

Presently, two options are available under the scheme viz. Growth and dividend option. Dividend option shall have dividend payout and dividend reinvestment facilities. The dividend reinvestment facility shall be default option under the scheme.

Entry load charge will not be applicable for the scheme. Exit load charge will be 1% if the amount sought to be redeemed or switched out is invested up to 1year from the date of allotment, nil thereafter.

The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period. Mr. Rahul Pal (for debt investments) and Mr. Sadanand Shetty (for equity & gold ETF investments) are the fund managers of the Scheme.

Fund NameTaurus Mutual Fund
Scheme Name Taurus MIP Advantage Fund
Scheme CategoryOpen Ended (Income)
NFO Launch Date29th Jun 2010
NFO Closure Date23rd July 2010
NFO Price (Rs) 10 per unit
Min. Subscription Amount(Rs) 5000 Growth Option (Rs) 25000 Dividend Option

For Further Details Please Visit Website: www.taurusmutualfund.com

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