| Risk | High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 2.16% |
| NAV | ₹23.28 (05 Aug 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹7 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 22.0% |
| ICICI Bank Ltd. | Financial | Equity | 17.9% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 16.8% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 4.0% |
| State Bank of India | Financial | Equity | 4.0% |
| HDFC Life Insurance Co Ltd. | Financial | Equity | 3.9% |
| Bajaj Finance Ltd. | Financial | Equity | 3.4% |
| Axis Bank Ltd. | Financial | Equity | 2.8% |
| ICICI Prudential Life Insurance Company Ltd. | Financial | Equity | 2.2% |
| Bajaj Finserv Ltd. | Financial | Equity | 2.0% |
Taurus Banking & Financial Services Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹7 Cr and the Latest NAV as of 05 Aug 2020 is ₹23.28.
The Taurus Banking & Financial Services Fund Direct Growth 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 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.