Taurus Banking and Financial Services Fund

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Taurus Mutual Fund has launched its first sector fund – the Taurus Banking & Financial Services fund. This will be the 12th Indian fund focused on the banking sector.

 

Investment Strategy

The scheme will only invest in companies belonging to the Banking & Financial Services sector. It will invest in stocks across all market-cap categories.

 

Similar Funds

Scheme Launch Date Assets (Rs.Cr.) 1-Yr Ret (%) 3-Yr Ret (%) Reliance Banking Retail May-03 1730.82 -12.21 28.92 UTI Banking Sector Reg Apr-04 352.58 -10.74 25.81 Goldman Sachs Banking BeES May-04 53.23 -10.77 26.51 Goldman Sachs PSU Bank BeES Oct-07 9.86 -23.46 21.63 Kotak PSU Bank ETF Nov-07 13.3 -23.53 22.16 Reliance Banking ETF May-08 11.02 -9.43 27.01 Sundaram Financial Services Opp Ret May-08 222.37 -13.62 24.04 Religare Banking Jun-08 40.31 -9.43 27.3 ICICI Prudential Banking and Financial Services Ret Aug-08 140.76 -7.93 26.06 Sahara Banking and Financial Services Aug-08 21.06 -10.97 27.69 Assets as on March 31, 2012, Returns as April 30, 2012

 

 

Fund Manager

The fund will be managed by Sadanand Shetty. He holds a masters degree in commerce and PGDFA. Mr. Shetty joined Taurus Mutual Fund in May 2010. Prior to that, he has worked with Soc Gen, Principal Capital Markets and Kotak Securities. He also manages Taurus Nifty Index, Taurus Starshare (3-star), Taurus Tax Shield (5-star), Taurus Infrastructure (4-star) & Taurus Discovery (1-star), as well as the equity & gold ETF portions of Taurus MIP Advantage.

 

Fund House
Taurus Mutual Fund has been in the asset management business for the last 18 years. Currently, it has nine debt & nine equity schemes, excluding FMPs. As on March 31, 2012, its average AUM stood at Rs.3,743 crores.

 

Basic Details
NFO Opens: May 2, 2012
NFO Closes: May 16, 2012
NFO Price: Rs.10 per unit
Options: Growth & Dividend (with pay out, re-investment & sweep)
Minimum Application Amount for Lump-sum: Rs.5000
Minimum Application Amount for SIP: Rs.1000
Exit Load: 1% if exited/switched-out before 1 year & NIL after 1 year
Benchmark: BSE Bankex Index
Fund Manager: Sadanand Shetty

 

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