With 24.33% Annualised Returns On 1 Year SIP, This 4-Star Rated Equity Mutual Fund Is Good To Invest

Taurus Banking & Financial Services Fund is a Sectoral- Banking Mutual Fund. The Fund seeks to generate capital growth through a portfolio that invests predominantly in equity and equity-related instruments of Banking, Financial and Non-Banking Financial Companies that form part of the BFSI sector. Here are the details of the fund under the Direct Plan-Growth option.

Taurus Banking & Financial Services Fund

Taurus Banking & Financial Services Fund is a 10-year-old Equity-Sectoral Mutual Fund launched on 22 July 2022 from the Taurus Mutual Fund. It is a small-sized open ended fund of its category with no lock-in period. The fund has been rated 4-star by Value Research. 

According to the Direct Plan-Growth plan of the fund, it has Rs 9 crore in Asset Under Management (AUM) as of 31 October 2022, and its Net Asset Value (NAV) as of 10 November 2022 was Rs 47.7800. As of September 30, 2022, the fund's expense ratio is 1.62%.

 Its return grade is above average and the risk grade is average. Its turnover is 65%. Turnover indicates the frequency at which a fund's holdings are bought and sold. Its benchmark is S&P BSE Bankex TRI. For returns on investments, the fund has been classified as highly risky as per SEBI Riskometer. 

Investment details

• Minimum Investment - Rs 5,000
• Minimum SIP Investment - Rs 1,000
• Minimum Additional Investment - Rs 1,000
• Minimum Balance - Rs 5,000
• Exit Load - 0.5% for redemption within 7 days

Annualised Returns

Returns on Lump-Sum Investments

The annual average return of the fund since its inception date is 11.83%  on investments. It has delivered better-annualised returns compared to the category average in 3 years. 

Investment Tenure	Returns
1 Year	5.45%
2 Year	18.85%
3 Year	11.24%
5 Year	11.98%

Returns on SIP

SIP Tenure	Returns
1 Year	24.33%
2 Year	16.31%
3 Year	19.56%
5 Year	15.28%

 

Portfolio

The primary Investment of the fund is in equity & equity-related securities of companies in the Banking & Financial services sector. The fund has 98.47% investments in Equity and the rest 1.53% in Cash & Cash Equivalent instruments. The average market cap of the investments is Rs 2,00,271 crore, which is less than its category average.

The fund has investments in a total 25 stocks. In terms of sector-wise holdings, the fund has holdings in mainly two-sector, financial and Insurance. 96.81% investments in the Financial sector and the rest 1.66% in the Insurance sector. Compared to the category average, the fund has maximum investments in the Financial sector.  

The top 10 holdings of the fund are ICICI Bank, HDFC Bank, State Bank Of India (SBI), Kotak Mahindra Bank, Axis bank, Bank of Baroda, Union Bank of India, Bajaj Finance, Home First Finance Company India, and Canara Bank.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme related Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.