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Taurus Mutual Fund is one among the first few Mutual Funds to be registered with SEBI. Taurus Asset Management Company Limited manages the numerous schemes of Taurus Mutual Fund. Since its inception, the mutual fund company has progressed immensely on the growth path by launching a bouquet of mutual fund schemes under various categories like Equity Funds, Debt fund, tax saving mutual funds, and much more. Taurus Mutual Fund is considered as one of the first private sector fund house to receive permission to offer fully repatriable investments in case of Non-Resident Indians (NRIs) and Foreign Institutional Investors (FIIs).
Taurus Mutual Fund has its presence in various parts of the country and has established offices in 8 major cities. It has even appointed representatives in other major cities. In total, it is supported by around 4,000 business associates.
AMC | Taurus Mutual Fund |
---|---|
Date of Setup | August 20, 1993 |
AUM | INR 451.83 crore (Jun-30-2018) |
CEO/MD | Mr. Waqar Naqvi/Mr. R. K. Gupta |
CIO | Mr. Dheeraj Singh |
Compliance Officer | Ms. Anu Suri |
investor Service Officer | Mr. Yashpal Sharma |
Customer Care Number | 1800 108 1111 |
Fax | 022 66242700 |
Telephone | 022 66242777 |
customercare[AT]taurusmutualfund.com | |
Website | www.taurusmutualfund.com |
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Taurus Mutual Fund is one of the first private sector mutual fund companies in India. HB Portfolio Ltd. is its sponsor and the trustee being Taurus Investment Trust Company Limited. The HB Group is a well-reputed player in the Indian Capital Market zone and its group companies include HM Portfolio Ltd., HB Stock Holdings Ltd., and HB Estate Developers Ltd. The prominent shareholders of Taurus Mutual Fund consist of HB Portfolio Ltd., RRB Securities Ltd., and HB Stockholdings Ltd. In 1999, a merger took place between HB Mutual Fund and Taurus Mutual Fund wherein; HB Asset Management Co. was renamed as Creditcapital Asset Management Ltd. and again renamed as Taurus Asset Management Company in 2006.
The mutual fund schemes of Taurus Mutual Fund are designed to suit the preferences and cater the needs of every individual. The fund house’s investment philosophy is based on the in-depth familiarity with the Indian markets, proven reliable tools, and expert human capital that helps to customize the schemes as per customer’s requirements. The mutual fund company also provides advice with respect to financial planning and investments such that individuals can earn risk-adjusted returns in an effective manner.
Taurus Mutual Fund offers a wide Range of Mutual Fund schemes under different categories to satisfy the varied requirements of the individuals. Some such categories of Taurus Mutual Fund along with the best schemes under them are explained as follows.
Equity Funds invest their fund money in equity and equity-related instruments of various companies. These schemes are good investment option of long-term returns. Taurus Mutual Fund offers a number of schemes under equity category. Some of the Best equity funds are tabulated as follows.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Taurus Discovery (Midcap) Fund Growth ₹116.94
↑ 0.19 ₹140 -6.2 0.9 21.1 14.6 22.1 38.4 Taurus Ethical Fund Growth ₹128.33
↑ 0.15 ₹255 -3.9 8.7 31.9 13.1 19.6 28.4 Taurus Tax Shield Growth ₹179.95
↑ 0.45 ₹84 0.6 10.3 30.8 15.4 17.5 28.7 Taurus Largecap Equity Fund Growth ₹151.23
↑ 0.25 ₹53 -3.4 5.4 29.3 12.3 14.6 21.8 Taurus Starshare (Multi Cap) Fund Growth ₹221.64
↑ 0.21 ₹393 -3.9 5.7 26.4 12.5 14.8 26.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Nov 24
Taurus Mutual Fund through the tax saving fund aims to share with its investors the potential growth benefits earned through equities along with tax benefits. It is an open-ended mutual fund scheme and aims for long-term capital appreciation. The tax saving mutual fund scheme of Taurus Mutual Fund has a SIP option attached. Taurus Mutual Fund offers Taurus Tax Shield Scheme under the ELSS category. This scheme was launched on March 31, 1996. The performance of ELSS scheme of Taurus are tabulated as follows.
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Nov 24Taurus Tax Shield
Growth AMC Taurus Asset Management Company Limited Category Equity Launch Date 31 Mar 96 Rating ☆☆ Risk Moderately High NAV ₹179.95 ↑ 0.45 (0.25 %) Net Assets (Cr) ₹84 3 MO (%) 0.6 6 MO (%) 10.3 1 YR (%) 30.8 3 YR (%) 15.4 5 YR (%) 17.5 2023 (%) 28.7
Many schemes of Taurus Mutual Fund offer SIP option. SIP or Systematic Investment plan is a mode of investment in mutual funds where the investment is done in small amounts at regular intervals. It ensures that the investment does not pinch the individual’s pockets thereby; not hampering their present budget. By opting SIP mode of investment, individuals can invest in Mutual Funds as per their convenience.
mutual fund calculator helps to assess the amount to be saved in the present to attain future goals. The mutual fund calculator uses input data like individual’s age, present Income, returns expected on investment, the tenure of investment, the rate of Inflation, and much more. The calculator also shows how the SIP grows over a period of time. Likewise each mutual fund company, Taurus Mutual Fund too has a calculator to guide its investors.
Mutual fund returns show the performance of each fund scheme for a given time period. Taurus Mutual Fund displays the returns on each of its mutual fund scheme on its website. Even the distributor’s portal dealing in schemes of the fund house also display the returns of each mutual fund scheme.
The advancements in technology have helped people to invest in mutual funds from anyplace and at any time depending on their convenience. People can invest in mutual fund schemes of Taurus in just a few clicks as per their ease. The online mode of investment can be done either through the fund house’s website or by visiting any mutual fund distributor’s portal. The advantage of doing the transaction through distributor’s portal is people can find a gamut of mutual fund schemes along with their analysis under one umbrella.
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Taurus Mutual Fund’s NAV or Net Asset Value can be accessed from the Association of Mutual Funds in India or AMFI’s website. Even the mutual fund company’s website also provides with such data. Likewise, the past NAV of the mutual fund scheme can be retrieved from these websites.
One can find their mutual fund account statement by logging into the fund house’s website or distributor’s website through which they have done the transaction. Also, Taurus Mutual Fund sends out the customer’s mutual funds on a regular Basis through email or postal services.
Ground Floor, AML Centre – 1, 8 Mahal Industrial Estate, Mahakali Caves Road, Andheri – East, Mumbai – 400 093.
HB Portfolio Limited