| Risk | High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 1.46% |
| NAV | ₹23.19 (18 Sep 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹8 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 20.8% |
| ICICI Bank Ltd. | Financial | Equity | 19.2% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 15.6% |
| State Bank of India | Financial | Equity | 5.9% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 5.5% |
| Axis Bank Ltd. | Financial | Equity | 5.1% |
| Bajaj Finance Ltd. | Financial | Equity | 4.9% |
| HDFC Life Insurance Co Ltd. | Financial | Equity | 4.2% |
| Indusind Bank Ltd. | Financial | Equity | 2.4% |
| ICICI Prudential Life Insurance Company Ltd. | Financial | Equity | 1.7% |
Taurus Banking & Financial Services Fund Direct Dividend 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 Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹8 Cr and the Latest NAV as of 18 Sep 2020 is ₹23.19.
The Taurus Banking & Financial Services Fund Direct Dividend is rated High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 0.5%, if redeemed within 7 days.
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.
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.