Taurus Mutual Fund launches Dynamic Income Fund
Taurus Mutual Fund has launched Taurus Dynamic Income Fund - an open-ended income scheme, aims to generate optimal returns with high liquidity through active management of the portfolio by investing in Debt and Money Market Instruments.
January 28, 2011 / 17:26 IST
Taurus Mutual Fund has launched a new fund as Taurus Dynamic Income Fund - an open-ended income scheme. The investment objective is to generate optimal returns with high liquidity through active management of the portfolio by investing in Debt and Money Market Instruments. The scheme will endeavour to optimise returns for the investors by designing a portfolio which will dynamically track rate movements. The Fund will play on the shift/shape of yield curve to generate superior returns.
The New Fund Offer (NFO) will be open for subscription from January 25 and closes on February 8, 2011. The Scheme re-opens for continuous sale and repurchase on: Not later than 10 Business Days from the date of NFO Closing. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. (View - New Fund Offers open NOW)Commenting on the launch of Taurus Dynamic Income Fund, Mr. Waqar Naqvi, CEO Taurus Mutual Fund said "Looking at the ongoing market volatility and in absence of a clear trigger for stability in near future, both institutional and retail investors are looking for an investment option to park their funds which can reduce their investment risk and glide them through this volatility. Taurus Dynamic Fund has the capability to reduce investment risk and optimise returns for the investors by designing a portfolio which will dynamically track interest rate movement and play on the shift/shape of yield curve.The scheme offers growth and dividend option. Dividend option offers dividend payout and dividend re-investment facility. (Check out - Mutual Fund New Fund Listings) The minimum application amount is Rs 5000 and in multiples of Rs 1,000 thereafter. Entry Load: Nil, Exit Load: 1% if exited before 90 days and NIL if exited after 90 days from date of allotment.The scheme would allocate 1% to 100% of assets in debt instruments with maturity of more than 1 year with medium to high risk profile. It would further allocate upto upto 99% of assets in money market instruments including CBLO, debentures with residual maturity of less than 1 year with low to medium risk profile. The scheme will not invest in securitized debt.The Benchmark Index for the scheme is CRISIL Composite Bond Fund Index. The scheme will be managed by Mr. Rahul Pal (VP- Head Fixed Income).
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