| Taurus Mutual Fund has filed offer document with Sebi to launch Taurus Fixed Maturity Plan Series X to Z, a close-ended debt scheme. The New Fund Offer price is Rs 10 per unit. Tenure of the scheme(s) will be 30 days to 400 days from the date of allotment of the respective scheme (including the date of allotment). Investment objective: The investment objective of the scheme is to generate income with minimum volatility through investments in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. Options: Growth and dividend option Benchmark: The benchmark index for schemes with maturity up to 91 days will be Crisil Liquid Fund Index and the benchmark index for schemes with maturity between 92 days up to 400 days will be Crisil Short Term Bond Fund Index. Loads: Nil Minimum Application Amount: Rs 5000/- and in multiple of Rs. 1/- thereafter Minimum Target Amount: The Fund seeks to collect a minimum of Rs 20 crore in the New Fund Offer of the respective Scheme(s). Asset Allocation: The scheme shall invest upto 100% in debt and money market instruments with low to medium risk profile. The Scheme will not invest in Securitized Debt. The Scheme will not (i) make use of Derivatives (ii) will not engage in Securities Lending (iii) will not invest in foreign debt securities Fund Manager: Rahul Pal and Kapil Punjabi. Powered by Capital Market - Live News |