Taurus Mutual Fund
Taurus Mutual Fund
Introduction to Taurus Mutual Fund
Taurus Mutual Fund, managed by Taurus Asset Management Company Ltd., stands as one of the pioneering private sector mutual funds in India. It was constituted as a Trust on August 20, 1993, and registered with SEBI on September 21, 1993. This makes Taurus Mutual Fund one of the oldest players in the Indian asset management industry, having recently completed over 30 years in its journey of wealth creation for investors.
The sponsor of Taurus Mutual Fund is HB Portfolio Limited, part of the diversified HB Group, which has a long-standing presence in the Indian capital market across financial services and hospitality.
Taurus Mutual Fund's philosophy centers on disciplined investing and robust risk management. They emphasize:
- Deep Market Knowledge: Leveraging years of expertise, market knowledge, and research in the Indian market.
- Wealth Creation and Preservation: Aiming to deliver long-term growth for investors while effectively managing risks.
- Customer-Centric Products: Designing schemes around the diverse investment needs of their customers, with a focus on effective asset allocation.
- Consistent Performance: Striving for consistent performance across their schemes.
Taurus Mutual Fund was among the first private sector fund houses to receive permissions for fully repatriable investments by NRIs/FIIs, attracting investments from international bodies like IFC, Washington, and the European Economic Community, Brussels. They also undertook the merger of HB Mutual Fund (1999) and the takeover of schemes from BOI Mutual Fund (2002), expanding their portfolio and investor base.
Fund Managers
Taurus Mutual Fund has an experienced investment team. Here are some of the key fund managers:
- Mr. Waqar Naqvi: CEO. He leads the overall business operations and team of functional heads. He has extensive experience in the investment and finance industry.
- Mr. Dheeraj Singh: Head of Investments, Fund Manager - Fixed Income. He oversees both equity and debt segment investments across all schemes.
- Mr. Prasanna Pathak: Head of Equity & Fund Manager. He manages various equity schemes with significant experience in research, finance, and money management.
- Mr. Anuj Kapil: Fund Manager.
- Mr. Ankit Tikmany: Fund Manager.
- Mr. Hardik Shah: Fund Manager.
- Ms. Neha Raichura: Fund Manager.
- Mr. Ramneek Kundra: Fund Manager.
The team's combined experience is crucial for managing their diverse portfolio and implementing their investment philosophy.
Scope of Taurus Mutual Fund
The scope of Taurus Mutual Fund's operations is focused on providing a range of investment solutions with an emphasis on wealth creation and risk management:
- Diversified Product Offering: They offer schemes across equity, debt, and an Equity Linked Savings Scheme (ELSS), catering to various investor needs and risk appetites.
- Active Management: Their investment philosophy emphasizes actively managed portfolios, leveraging their expertise to identify opportunities and manage risks.
- Long-Term Growth Focus: While considering short-term gains, their primary objective is to deliver long-term capital appreciation.
- Segment Coverage: Their equity funds cover various market capitalizations (large-cap, mid-cap, flexi-cap) and also offer sectoral/thematic exposure (e.g., Infrastructure, Banking & Financial Services, Ethical).
- Robust Risk Management: They place a strong emphasis on balancing returns with risks, employing disciplined strategies to protect investor wealth.
- Accessibility: With a distribution network supported by numerous business associates and branches in major cities, they aim to reach investors across different demographics.
- Technological Integration: They leverage technology for convenient access to fund information and transactions.
List of All Funds with Brief Explanation (Prominent Schemes)
Taurus Mutual Fund offers a focused set of schemes. Here are some of their prominent funds with brief explanations:
Equity Funds:
- Taurus Flexi Cap Fund: This is an open-ended equity scheme that provides diversified exposure by investing across large, mid, and small-cap stocks. Its objective is to provide long-term capital appreciation by dynamically allocating investments across market capitalizations based on market opportunities.
- Taurus ELSS Tax Saver Fund: An Equity Linked Savings Scheme (ELSS) with a statutory lock-in period of 3 years. It offers investors the dual benefit of long-term capital appreciation and tax deductions under Section 80C of the Income Tax Act. It invests predominantly in a diversified portfolio of equities.
- Taurus Ethical Fund: An open-ended equity scheme that invests in a diversified portfolio of equities based on the principles of Shariah (Islamic financial principles). It aims for long-term capital appreciation by selecting Shariah-compliant stocks from the S&P BSE 500 Shariah Index universe.
- Taurus Large Cap Fund: This scheme predominantly invests in equity and equity-related instruments of large-cap companies. The objective is to provide investors with long-term capital appreciation by focusing on stable and well-established businesses.
- Taurus Mid Cap Fund: The prime objective of this scheme is to achieve long-term capital appreciation by investing in a portfolio consisting of equity and equity-related securities predominantly of mid-cap companies, aiming to capitalize on their growth potential.
- Taurus Infrastructure Fund: A sectoral/thematic fund that invests primarily in equity and equity-related instruments of companies belonging to the infrastructure sector and its related industries. It aims to provide capital appreciation by benefiting from growth in India's infrastructure development.
- Taurus Banking & Financial Services Fund: This is a sectoral fund that aims to generate capital appreciation by investing predominantly in equity and equity-related instruments of companies belonging to the Banking, Financial Services, and Non-Banking Financial Companies (BFSI) sectors.
- Taurus Nifty 50 Index Fund: An open-ended index scheme that aims to provide returns corresponding to the total returns of the securities as represented by the Nifty 50 Index, subject to tracking errors. This is a passive fund.
Debt Funds:
- Taurus Liquid Fund: An open-ended debt scheme that invests in highly liquid money market and debt instruments with very short maturities. It is suitable for investors seeking high liquidity and relatively stable returns for short-term parking of funds.
- Taurus Overnight Fund: An open-ended debt scheme that invests in overnight instruments (maturing in one business day). It aims to provide returns commensurate with very low risk and high liquidity, ideal for extremely short-term investments.
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