Taurus Mutual Fund has launched a new fund named as Taurus Fixed Maturity Plan -Series R (91 Days), a close ended debt scheme with the duration of 91 days from the date of allotment of units.
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 fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.
Allocation of funds:
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.
NFO Opens: March 26, 2012
NFO Closes: March 28, 2012
NFO Price: Rs 10 per unit
Benchmark: Crisil Liquid Fund Index
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5,000 and in multiples of Rs 10 thereafter.
Exit Load: NIL
Listing:NSE or any other Stock Exchange(s)
Fund Managers:Mr. Rahul Pal.