Mutual Funds

Fund update

| Updated on January 30, 2011 Published on January 30, 2011

Taurus Mutual Fund has launched Taurus Dynamic Income Fund. It is an open ended income scheme with an investment objective to generate optimal returns with high liquidity through active management of portfolio. The scheme will invest predominantly in debt and money market instruments. An exit load of 1 percent is chargeable if redeemed within 90 days from the date of allotment. The fund will be benchmarked against Crisil Composite Bond Fund Index. The new fund offer will be open till February 8.

Taurus Mutual Fund has announced that if the dividend amount payable to the unit holders under the dividend payout option of its schemes below is less than the threshold limit of Rs 250, then such dividend amount will be compulsorily & automatically reinvested in the respective schemes/plans with effect from February 1. The schemes are: Taurus Starshare, Taurus Bonanza fund, Taurus Discovery fund, Taurus Ethical fund, Taurus Infrastructure fund, Taurus Nifty Index fund, Taurus Short term Income fund, Taurus Liquid fund (retail) and Taurus Gilt fund.

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