Taurus MF Launches 91 Days Fixed Maturity Plan

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Taurus MF Launches 91 Days Fixed Maturity Plan
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.

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.

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.

Basic Details:
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.


Read more about: mutual funds, nfo, taurus
Story first published: Monday, March 26, 2012, 16:13 [IST]
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