Taurus Mutual Funds is one of India’s largest privately-owned Mutual Fund houses. It has been in constant transactions since 1993 when the Indian Government mostly owned the biggest players in the business. Taurus Mutual Fund was also one of the first private players in Mutual Funds to register themselves with the SEBI.
Over its 25 years of operations, Taurus has managed to expand its portfolio to several Long Term and Short-Medium Term Mutual Funds. Registered in 1993, Taurus has had a successful journey in the market with multiple plans, including its first plan- Taurus Starshare- which is still going strong today.
Taurus MF is registered with Code No. MF/002/93 with SEBI and is currently one of India’s 10 largest Mutual Funds in terms of Assets Under Management.
Taurus has also had a very eventful history in India. It was the first private player to receive permission to manage investment profiles from NRIs and FIIs. Over the last decade, Taurus Mutual Fund has received a series of investments from the likes of IFC in Washington DC to the European Commission Investment Corporation headquartered in Brussels, the capital of Belgium.
Today, the Mutual Fund is managed by HB Portfolio Limited, which is also the Asset Management Company or AMC. It also has a Board of Trustees in the form of the Taurus Investment Trust Company, which is the de facto management of the Private Mutual Fund Company.
Taurus Mutual Fund is one of India’s most technologically sophisticated Mutual Fund houses. It was one of the first players to join the growing bandwagon to shift their operations online. Thanks to a hugely respected team of dedicated fund managers on its board of managers, Taurus has managed to retain a large population of India’s 29 states and 7 Union Territories as its loyal clientele.
Given that it has over 5000 branches across India, with a presence in more than 30 major cities and 50-odd smaller towns, Taurus has managed to penetrate what is considered a profoundly conservative market.
While the Mutual Funds business has continued to prosper, the management has changed multiple times. Two promoters- HB Mutual Fund & Taurus Mutual Fund- had merged in 1999 and formed a new entity listed as Creditcapital Asset Management Co. Ltd. Later in 2006, Creditcapital was renamed to Taurus Asset Management Co. Ltd.
In 2002, Taurus took over some portions of the BOI Mutual Fund. Post that, the market share of Taurus Mutual Funds has risen even more.
To comply with all domestic market norms and international standards, the Mutual Funds major has also teamed up with one of the world’s largest commercial banking entities- Deutsche Bank. HDFC Bank Ltd has control over most of its assets and also serves as a guarantor.
| Fund Name | Category | Risk | NAV | Expense Ratio | 1Y Returns | 3Y Returns | 5Y Returns | Rating | Fund Size (in Cr) | Exit Load |
|---|---|---|---|---|---|---|---|---|---|---|
Taurus ELSS Tax Saver Fund | Equity | Very High | 198.86 | 1.79 | -3.5% | 15.8% | 15.6% | 4 | ₹77 | - |
Taurus Large Cap Fund | Equity | Very High | 169.52 | 2.41 | 1.2% | 13.8% | 14.0% | 2 | ₹52 | Exit load of 1% if redeemed within 365 days. |
Taurus Flexi Cap Fund | Equity | Very High | 231.87 | 2.56 | -4.8% | 12.7% | 13.7% | 2 | ₹365 | Exit load of 1% if redeemed within 365 days. |
Taurus Nifty 50 Index Fund | Equity | Very High | 52.34 | 0.8 | 6.7% | 12.3% | 14.0% | 2 | ₹6 | Exit load of 1%, if redeemed within 365 days. |
Taurus Banking & Financial Services Fund | Equity | Very High | 60.97 | 1.57 | 6.6% | 11.9% | 13.8% | 2 | ₹12 | Exit load of 1%, if redeemed within 365 days. |
Taurus Infrastructure Fund | Equity | Very High | 71.25 | 1.91 | -4.3% | 17.5% | 19.8% | 1 | ₹9 | Exit load of 1%, if redeemed within 365 days. |
Taurus Mid Cap Fund | Equity | Very High | 126.72 | 2.07 | -2.6% | 15.6% | 17.6% | 1 | ₹131 | Exit load of 1% if redeemed within 365 days. |
Taurus Ethical Fund | Equity | Very High | 145.26 | 0.91 | -2.4% | 15.9% | 15.7% | -- | ₹365 | Exit load of 1% if redeemed within 365 days. |
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| Mutual fund name | Taurus Mutual Fund |
| Asset management company name | Taurus Mutual Fund |
| AMC Setup Date | 20 Aug 1993 |
| AMC Incorporation Date | 20 Aug 1993 |
| Sponsor name | HB Portfolio Limited |
| Trustee organisation | Taurus Investment Trust Company Limited |
| Chairman | Rajkiran Rai G. |
| MD | Mr. Waqar Naqvi and R. K. Gupta respectively |
| CEO | Prashant Soni(Chief Executive Officer) |
| CIO | Kanishk Kapur(Chief Investment Officer) |
| Compliance Officer | Ms Anu Suri |
| Investor Service Officer | Mr. Yashpal Sharma |
| Total AUM (as of end of last quarter) | ₹1,020.69Cr |
| Address | 3rd Floor, 301-304, ChandravillasCo-op Premises Society Ltd.AML Centre 2, 8 Mahal Industrial Estate,Off. Mahakali CavesRoad, Andheri-East, Mumbai 400093 |
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Taurus was one of the first major players to implement an online procedure. It has managed to retain a significant share of its clients in major cities because it has delivered consistent and increasing returns since its inception in 1993. You too can invest in Taurus Mutual Funds online via the secured website Groww.
Here are the steps you need to remember.
Step 1: Sign in to your personal account on Groww. In case you do not have a personal ID on Groww, you can easily set up one today. It requires minimal documentation and very little time as well.
Step 2: You now need to upload your documents of identification, a process very similar to the KYC documentation which you complete at financial establishments. Accepted documents include a Passport, Voter ID card, PAN, Aadhaar card, a valid driving licence, an identification document issued by either the Central or a State Government, whichever is applicable for you.
Step 3: You must now provide residential address proof. Accepted documents in this section include any official document which mentions your permanent residence.
Step 4: Once the documentation process is completed, you need to select the tenure of Mutual Funds. You can choose a Long-Term, Short-Term, or Medium-Term tenure. Longer plans may have greater returns, but it takes many years to run its course. Shorter schemes may have higher risks associated.
Step 5: You now need to choose from high, low and medium risks. It depends on the amount you are investing and your risk appetite too. Keep in mind that Groww encourages you to contact your specialist advisors before you invest.
Step 6: Choose the “Invest One Time” option if you are planning to invest a substantial sum of money for an extended period at one go. You can also start a systematic investment plan or SIP by clicking on “Start a SIP”. Taurus Mutual Funds offer both options.
Also, note that the changes will start reflecting in your Groww account after 3 to 4 business days only. You must keep track of it accordingly.
Now let us jump and check about these top 8 mutual fund schemes.
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 15.81% & 15.63%. The Taurus ELSS Tax Saver Fund comes under the Equity category of Taurus Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Taurus ELSS Tax Saver Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹77Cr |
| 1Y Returns | -3.5% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 13.81% & 14%. The Taurus Large Cap Fund comes under the Equity category of Taurus Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Taurus Large Cap Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹52Cr |
| 1Y Returns | 1.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.66% & 13.69%. The Taurus Flexi Cap Fund comes under the Equity category of Taurus Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Taurus Flexi Cap Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹365Cr |
| 1Y Returns | -4.8% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.34% & 14.02%. The Taurus Nifty 50 Index Fund comes under the Equity category of Taurus Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Taurus Nifty 50 Index Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹6Cr |
| 1Y Returns | 6.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.88% & 13.85%. The Taurus Banking & Financial Services Fund comes under the Equity category of Taurus Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Taurus Banking & Financial Services Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹12Cr |
| 1Y Returns | 6.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.47% & 19.75%. The Taurus Infrastructure Fund comes under the Equity category of Taurus Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Taurus Infrastructure Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹9Cr |
| 1Y Returns | -4.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 15.63% & 17.61%. The Taurus Mid Cap Fund comes under the Equity category of Taurus Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Taurus Mid Cap Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹131Cr |
| 1Y Returns | -2.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 15.94% & 15.74%. The Taurus Ethical Fund comes under the Equity category of Taurus Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Taurus Ethical Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹365Cr |
| 1Y Returns | -2.4% |
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