Fund Details
Taurus Banking & Financial Services Fund Direct IDCW
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 1.51% |
| NAV | ₹33.15 (07 May 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹9 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Higher expense ratio - 1.51%
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 22.3% |
| HDFC Bank Ltd. | Financial | Equity | 21.2% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 14.3% |
| State Bank of India | Financial | Equity | 6.9% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 5.8% |
| Axis Bank Ltd. | Financial | Equity | 4.7% |
| Bajaj Finance Ltd. | Financial | Equity | 3.0% |
| HDFC Life Insurance Co Ltd. | Financial | Equity | 3.0% |
| Cholamandalam Investment & Finance Co. Ltd. | Financial | Equity | 2.5% |
| Sundaram Finance Ltd. | Financial | Equity | 2.1% |
Fund Managers
Taurus Banking & Financial Services Fund Direct IDCW Details
Taurus Banking & Financial Services Fund Direct IDCW is a Equity Mutual Fund Scheme launched by Taurus Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Prasanna Pathak is the Current Fund Manager of Taurus Banking & Financial Services Fund Direct IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹9 Cr and the Latest NAV as of 07 May 2021 is ₹33.15.
The Taurus Banking & Financial Services Fund Direct IDCW is rated Very High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 0.5%, if redeemed within 7 days.
Investment Objective
The scheme seeks 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.
Tax Implications
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.
