Skip to main content

Taurus Banking and Financial Services Fund

Invest Mutual Funds Online

Download Mutual Fund Application Forms

Taurus Mutual Fund has launched its first sector fund – the Taurus Banking & Financial Services fund. This will be the 12th Indian fund focused on the banking sector.

 

Investment Strategy


The scheme will only invest in companies belonging to the Banking & Financial Services sector. It will invest in stocks across all market-cap categories.

 

Similar Funds

Scheme

Launch Date

Assets (Rs.Cr.)

1-Yr Ret (%)

3-Yr Ret (%)

Reliance Banking Retail

May-03

1730.82

-12.21

28.92

UTI Banking Sector Reg

Apr-04

352.58

-10.74

25.81

Goldman Sachs Banking BeES

May-04

53.23

-10.77

26.51

Goldman Sachs PSU Bank BeES

Oct-07

9.86

-23.46

21.63

Kotak PSU Bank ETF

Nov-07

13.3

-23.53

22.16

Reliance Banking ETF

May-08

11.02

-9.43

27.01

Sundaram Financial Services Opp Ret

May-08

222.37

-13.62

24.04

Religare Banking

Jun-08

40.31

-9.43

27.3

ICICI Prudential Banking and Financial Services Ret

Aug-08

140.76

-7.93

26.06

Sahara Banking and Financial Services

Aug-08

21.06

-10.97

27.69

Assets as on March 31, 2012, Returns as April 30, 2012

 

 

Fund Manager


The fund will be managed by Sadanand Shetty. He holds a masters degree in commerce and PGDFA. Mr. Shetty joined Taurus Mutual Fund in May 2010. Prior to that, he has worked with Soc Gen, Principal Capital Markets and Kotak Securities. He also manages Taurus Nifty Index, Taurus Starshare (3-star), Taurus Tax Shield (5-star), Taurus Infrastructure (4-star) & Taurus Discovery (1-star), as well as the equity & gold ETF portions of Taurus MIP Advantage.

 

Fund House
Taurus Mutual Fund has been in the asset management business for the last 18 years. Currently, it has nine debt & nine equity schemes, excluding FMPs. As on March 31, 2012, its average AUM stood at Rs.3,743 crores.

 

Basic Details
NFO Opens: May 2, 2012
NFO Closes: May 16, 2012
NFO Price: Rs.10 per unit
Options: Growth & Dividend (with pay out, re-investment & sweep)
Minimum Application Amount for Lump-sum: Rs.5000
Minimum Application Amount for SIP: Rs.1000
Exit Load: 1% if exited/switched-out before 1 year & NIL after 1 year
Benchmark: BSE Bankex Index
Fund Manager: Sadanand Shetty

 

---------------------------------------------

Invest Mutual Funds Online

Transact Mutual Fund Online

 

Download Mutual Fund Application Forms from all AMCs

Download Mutual Fund Application Forms

 

Best Performing Mutual Funds

    1. Largecap Funds:
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    3. Mid and SmallCap Funds
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    4. Small and MicroCap Funds
      1. DSP BlackRock MicroCap Fund
    5. Sector Funds
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    6. Gold Mutual Funds
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

 

Popular posts from this blog

Mutual Fund Review: Taurus Tax Shield

    Taurus Tax Shield has seen a turnaround in performance since 2007, but still remains a volatile offering… The fund has seen a turnaround in its performance since 2007 and has delivered impressively during market rallies since then. The portfolio is also more diversified. It contained its downfall to an average level in 2008 but is still one of the most volatile offerings in this category. Bold investors can look at this fund.   Strategy The fund manager invests across the market capitalisation and sectors. The selection of stocks is made on the basis of long-term business prospects and value creation. Fund Insight Launched in March 1996, the fund was a laggard with just two annual outperformances. Concentrated stock bets and high exposure to mid and small caps led to it being hit harder during market downturns. The number of stocks in the portfolio never exceeded 20 and it was not rare to see the top 5 holdings account for around 60 per cent of the portfolio. After b...
Read more

AXIS Long Term Equity Fund - The Best Tax Saver Fund for 2016

  AXIS Long Term Equity Fund - Invest Online   History:   The open ended mutual fund was launched on December 21 in the year 2009. It is benchmarked against BSE 200 and managed by the fund manager JINESH GOPANI. Initially the scheme was called as Axis tax saver fund but later it was renamed as Axis long term equity fund with effect from September 2, 2011. Nature of investment: As far as asset allocation is concerned, 97.52% of the stocks are equity and 0.02% is debt based. The primary focus of the fund is to invest in diversified equity stocks that have higher growth potential. Total asset size of the fund is in the tune of 4,996 CRORE as of June 30, 2015. Performance: The performance of the fund for one year, 3 years and 5 years are 23.6%, 29.9% and 19.1 respectively which are far greater than 6.4%, 14% and 5.6% benchmark figures. It has also preformed fairly well against SBI magnum Tax Gain (G) and HDFC tax saver (G). The growth comparison is enumerated below;                        ...
Read more

10 year NSC launched, all set to give 8.7 per cent

Invest in Mutual Funds Online Download Mutual Fund Application Forms THE government introduced a 10-year National Savings Certificate ( NSC ), which will earn an interest rate of 8.7 per cent per annum. The notification for the launch of the new savings instrument, 10-year National Savings Certificate (IX-Issue), 2011, has been issued, an official statement said. The scheme will come into effect from December 1, it added. Investments in NSC will earn interest at the rate of 8.7 per cent compounded semi-annually, it said, adding that on an investment of Rs 100, the depositor will get Rs 234.35 on maturity of the NSC. There is no upper limit for investment in the certificate, it added. The new scheme will give better returns along with tax benefit to savers. At present, the maturity period of NSC is six years and it qualifies for tax relief for investment up to Rs 1,00,000 under Section 80C. The decision to raise the maturity period of NSC has been taken on the b...
Read more

Health insurance guide - Part I

Insurance, by definition, is morbid. What if I die suddenly? What if my home caught fire? What if I had to undergo expensive medical treatment? What if something that I thought happened only to others befell me? Insurers, who work with large samples, calculate the probability of such an event and, hence, the possibility of them having to pay out a sum of money to mitigate, to the extent possible, the effects of that disaster. However, the possibility of you undergoing some kind of expensive medical treatment during your lifetime is far more likely than you dying suddenly or your house burning down. Given that costs at private healthcare facilities, where you are most likely to land up, is high, and, doubling every four years 10 months or so, the rest of your money life could easily go out of whack if you had to incur such expenses. Just 12 per cent of India's population is covered with some sort of health insurance. Pared to the bone, for a comparatively small price, health insu...
Read more

IDFC Classic Equity Fund

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)   IDFC Classic Equity Fund IDFC Classic Equity is a large-cap equity fund which currently has assets under management worth Rs. 158.52 crore. It was launched in August 2005. The fund is benchmarked against the BSE-200 Index. Performance YTD 1-Year 3-Year 5-Year Since Inception IDFC Classic Equity 0.93 26.61 6.30 1.01 11.65 BSE 200 1.52 17.31 6.00 1.99 12.98 All figures in % as on January 31, 2013; Returns above one-year in CAGR terms ...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now