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Saturday, March 5, 2011

Taurus Nifty Index Fund Taurus Mutual Fund launches

Taurus Nifty Index Fund Taurus Mutual Fund launches ;
TAURUS MUTUAL FUND LAUNCHES ‘TAURUS NIFTY INDEX FUND’
- An open-ended index linked equity scheme

Taurus Mutual Fund announces the launch of New Fund Offer - Taurus Nifty Index Fund an open-ended index linked equity scheme.
NFO Opens - 4th June, 2010
NFO Closes - 10th June, 2010
Scheme re-opens for continuous sale and repurchase on: Not later than July 9, 2010

Details of the fund:
Taurus Nifty Index Fund is a passively managed fund which replicates the benchmark Index by investing in securities of benchmark Index in the same proportion/weightage. Investors who are looking for diversification in medium risk, long term benefit and who do not have time or expertise to evaluate individual stocks or track the actively managed funds should be the one looking towards Index Funds.

Investment Objective: Taurus Nifty Index Fund will replicate the S&P CNX Nifty Index by investing in the securities of S&P CNX Nifty Index in the same proportion/weightage.

What advantages does Taurus Nifty Index Fund Offer?
·Provides you an opportunity to own 50 of the fundamentally strong & best known companies in India
·Gives you a well diversified portfolio that reduces company specific or industry specific risk
·The performance of your portfolio will be in tune with the performance of the Nifty Index
·You know in advance the 50 stocks that you are going to own- no need to track the portfolio regularly
· Lower management fees and lower turnover make it cost efficient for you.
· Scores over ETF because there is no entry load (you have to pay brokerage for buying ETF)
· Liquidity is not an issue since you can redeem on any business day from the fund house. The NAV at the end of the day will apply

Investment options: Growth & Dividend – payout & reinvestment.
Fund Manager: Mr. Sadanand Shetty
NFO Price: Rs. 10/- face value during the New Fund Offer Period
Type of Scheme: An open-ended index linked equity scheme
Benchmark: S&P CNX Nifty Index
Minimum Investment Amount: Rs 5000/- and in multiple of Rs 1000/- thereof
Load structure: Entry Load: Nil, Exit Load: 1% if redeemed/switched out within 15 days from the date of allotment

About Taurus Mutual Fund:
Taurus Mutual Fund is one of the fastest growing asset management company with 1007.25 % YOY growth in Average AUM between March 2009-2010. Taurus Mutual Fund offers investment for all categories of investors, with 6 Equity oriented schemes, 4 Debt based schemes and an Equity Linked Savings Scheme, in the open ended product basket. It was amongst the first few private sector Mutual Funds registered with SEBI.

Taurus Mutual Fund has established its presence across demographics of the country. With branches in top 14 cities and representative in smaller cities, Taurus Mutual Fund's distribution network is strongly supported by more than 4000 outlets of business associates.

For more details www.taurusmutualfund.com
Reena Sharma / Khantil Shah
LINOpinion – A Lowe Lintas PR division
Reena.sharma@loweworldwide.com / Khantil.shah@loweworldwide.com
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