Taurus MF Mutual Fund has announced the New Fund Offer (NFO) Taurus Banking & Financial Services Fund, an open ended sectoral equity scheme.
The NFO opens for subscription on May 2, 2012 and closes on May 16, 2012. The scheme re-opens on May 30, 2012. Entry load charge for the scheme will be nil. Exit load charge will be 1% if exited / switched out before 1 year and Nil after 1 year. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against BSE Bankex Index. The minimum application amount is Rs.5000 and in multiple of Rs 1 thereafter. The scheme will be managed by SadanandShetty.
The primary objective of the scheme is to generate capital appreciation 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.
