Taurus Banking & Financial Services Fund Direct Dividend is a Equity Mutual Fund Scheme launched by Taurus Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Prasanna Pathak is the Current Fund Manager of Taurus Banking & Financial Services Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹7 Cr and the Latest NAV as of 22 Oct 2019 is ₹28.62.
The Taurus Banking & Financial Services Fund Direct Dividend is rated High risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 365 days..
The primary objective of the Scheme is to generate capital appreciation through a portfolio that invests predominantly in equity and equity related instruments of Banking, Financial and Non Banking Financial Companies that form part of the BFSI Sector. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 1% if redeemed within 365 days.