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Taurus Banking and Financial Services Fund

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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

 

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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

 

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