Taurus MF Unveils 91 Days FMP

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Taurus MF Unveils 91 Days FMP
Taurus Mutual Fund has launched a new fund named as Taurus Fixed Maturity Plan -Series I (91 Days). It"s a close-ended income scheme with duration of 91 days from the date of allotment.

Investment objective of the schemes:
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.

The scheme would allocate 100% of assets in debt and money market instruments with low to medium risk profile. The scheme will not invest in securitized debt.

The scheme target to collect a minimum subscription (minimum target) amount of Rs Rs 100 lakh under each scheme during the NFO period.

Basic Details:
NFO Opens: September 5, 2011
NFO Closes: September 8, 2011
NFO Price: Rs.10 per unit
Options: Dividend Payout and Growth option
Minimum Application Amount: Rs 5,000 per application and additional of Rs 10, thereafter
Exit Load: Nil
Benchmark: Crisil Liquid Fund Index
Fund Manager: Rahul Pal and Pankaj Jain

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Read more about: mutual funds, nfo, fmp
Story first published: Monday, September 5, 2011, 13:21 [IST]
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