Taurus Discovery (Midcap) Fund - Growth Option

About Taurus Discovery (Midcap) Fund

The Taurus Discover Fund is an open-ended equity growth scheme which invests in midcap equities. The team believes that India’s growing economy will catapult some of the companies to the next level. The scheme identifies such low-priced stocks and capitalises on the opportunity to increase returns by investing in such companies.

Pros & Cons of Taurus Discovery (Midcap) Fund

1. Taurus Discovery Fund offers the following benefits:
2. The plan is aimed at long-term capital appreciation by investing in mid-cap companies.
3. The scheme uses a price discovery mechanism to identify undervalued stocks to capitalise on growth opportunity. With dividends, the risk can be minimised and investment cushioned against volatility.
4. The fund has only 52 crores worth of asset under management.

Fund Information and Statistics of Taurus Discovery (Midcap) Fund

i) Inception / Launch date

The Taurus Discovery (Midcap) fund was launched on 5 September 1994 by Taurus Mutual Fund.

ii) Risk level

Being a Midcap Fund, this plan is a moderately high-risk bet and suitable for investors who are looking for better returns and have a higher tolerance for risk.

iii) Redemption

This is an open-ended scheme and can be redeemed on all business days based on NAV prices. The fund house will dispatch redemption proceeds within 10 days of a valid application.

iv) Fund Manager

The fund is managed by Mr Prasanna Pathak since 2017. He is a B. Tech and MBA in Finance and has worked with UTI AMC and HLL-Unilever.

v) Entry / Exit load

The company does not charge any entry load on the investment. However, there is a 0.5% exit load if exited before 180 days. No exit load is charged after a tenure of 180 days.

Tax benefits of investing in Taurus Discovery (Midcap) Fund

A short-term capital gain tax of 15% will be levied as per the income tax slab rate if units are held for less than a year. A long-term capital gains tax of 10% without indexation is applicable if units are held for more than 1 year.

About Taurus Mutual Fund

Taurus Mutual Fund is a private mutual fund registered on August 20, 1993. The fund house has branches in top 5 cities with business associates representing in smaller cities. The custody of the assets of Taurus Mutual Fund is with the SBI- SG Global Securities Services Pvt. Ltd. The fund house aims to strengthen its offerings using years of expertise, market knowledge & research.