Taurus Tax Shield-Growth Option
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- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|ICICI Bank Ltd||6.97%|
|HDFC Bank Ltd||6.18%|
|Reliance Industries Ltd||5.3%|
|Tata Consultancy Services Ltd||4.01%|
|Housing Development Finance Corp Ltd||3.93%|
|Kotak Mahindra Bank Ltd||3.71%|
|Larsen & Toubro Ltd||3.02%|
|Bajaj Finance Ltd||2.75%|
|State Bank of India||2.41%|
About Taurus Tax shield
Taurus Tax shield is an open ended equity linked scheme ELSS mutual fund from the house of Taurus Mutual Funds AMC. It gives your investments the potential growth of equities while giving you the added advantage of tax savings under section 80C. The fund’s investment objective is to save tax while growing your hard earned money through Equity Investments. The scheme also offers tax benefits under Section 80C of the Income Tax Act.
Pros & Cons of Taurus Tax shield
Taurus Tax shield offers 3 benefits:
- Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
- Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
- Being a star-rated fund, it has been able to beat the benchmark in 3 year, 5 year and 10 year period.
Fund Information and Statistics of Taurus Tax shield
i) Inception / Launch date
Taurus Tax shield was launched on 31 March 1996 by Taurus Mutual Fund.
ii) Risk level
Being a multi-cap fund, Taurus Tax shield is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. Prasanna Pathak, who holds a masters degree in finance and rich experience in fund management, has been managing the Taurus Tax shield since July 2017.
v) Entry / Exit load
The fund house does not charge any entry load and exit load for investing in Taurus Tax shield
Tax benefits of investing in Union Tax Saver Fund
Taurus Tax shield has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.
About Taurus Mutual Fund
After launching its first scheme in early 1994, the fund house has experienced consistent growth in the past 20 years. The fund strives to offer innovative schemes by using its expertise, research and market knowledge. It attempts to ensure security in reporting and deployment of investments.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns