Taurus Ethical Fund - Growth Option
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|Fund Type||Equity - Other|
|Exit Load||1% for 365 Days|
More about this fund
|Tata Consultancy Services Ltd||7.48%|
|Alkem Laboratories Ltd||3.21%|
|Shree Cement Ltd||2.88%|
|Tata Consumer Products Ltd||2.78%|
|Dabur India Ltd||2.63%|
|Bayer CropScience Ltd||2.51%|
|PI Industries Ltd||2.42%|
About Taurus Ethical Fund
The Taurus Ethical Fund is an open-ended equity scheme. It seeks to generate long-term capital appreciation and income distribution to unitholders by investing in a diversified portfolio of equity and equity-related instruments which are based on the principles of Shariah.
Pros & Cons of Taurus Ethical Fund
- This is the first actively-managed Shariah compliant scheme in India. It invests in stocks from the BSE/NSE or foreign equities which are based on the principles of Shariah.
- Further, the fund manager identifies the stocks from the universe available from the S&P BSE 500 Shariah Index. As on September 30, 2018, the scheme is not ranked under CRISIL’s Sectoral/ Thematic Fund category.
- Further, it has generated returns of 13.24% per year over the 5 last years (as on January 16, 2019).
Fund Information and Statistics of Taurus Ethical Fund
i) Inception / Launch Date
The scheme was launched on 06 April 2009 by Taurus Mutual Fund.
ii) Risk Level
According to the investment objective and asset allocation of the scheme, it has a High risk-level associated with it.
The redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.
iv) Fund Manager(s)
Mr. Prasanna Pathak is the Fund Manager of the Taurus Ethical Fund.
v) Entry / Exit Load
There is no entry load in this scheme. The exit load structure is as follows:
- If the units are redeemed after the completion of 180 days from the date of allotment of the said units, then the exit load = Nil
- If the units are redeemed within 180 days from the date of allotment of the said units, then the exit load = 0.50% of the applicable NAV
Tax benefits of investing in Taurus Ethical Fund
The following taxes are applicable to income arising from investing in this scheme:
- STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units.
- LTCG (units are held for a period of more than 12 months), in excess of Rs 1 Lakh, is taxed at 10 percent without indexation benefits on the redemption of units.
About Taurus Mutual Fund
Taurus Mutual Fund was established in 1993 and launched its first scheme in early 1994. It was one of the first fund houses to receive permission to launch fully repatriable investments by NRIs/FIIs. The fund house offers investment solutions across all investor segments. Based on years of experience, expertise, market knowledge, and research, it offers innovative schemes to investors.
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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