The Taurus Twin Advantage Fund is an open-ended debt scheme with an objective to generate income by investing in debt, money market instruments and gold ETFs. The scheme will allocate 65-95% of funds to debt and money market instruments and rest will be invested in gold ETFs.
The scheme offers growth and dividend options. The dividend option comes with payout, reinvestment and sweep facility.
The minimum amount for application is Rs. 5000; additional investments can be made in the multiples of Rs. 1000. An exit load of 1% will be charged in case of redemption/switch on or before 1 year from the date of allotment.
The fund will be managed by Rahul Pal and benchmarked against a combination of CRISIL Short Term Bond Fund Index and Price of Gold, the proportion being 65:35.
