Mumbai: Taurus Mutual Fund has revised exit load in Taurus Bonanza Fund and Taurus MIP Advantage Fund with effect from February 14, 2011. The fund house will charge 1 per cent as exit load if units are redeemed within 1 year from the date of allotment for both the schemes.
Earlier, Taurus Bonanza Fund did not charge any exit load. Taurus MIP Advantage Fund charged 1.50 per cent as exit load if units were redeemed within 6 months from the date of allotment and 1 per cent as exit load if units were redeemed after 6 months but on or before 1 year from the date of allotment.
Taurus Bonanza Fund is managed by Sadanand Shetty. It is benchmarked against BSE 100. Taurus MIP Advantage Fund is jointly managed by Rahul Pal and Sadanand Shetty and benchmarked against gold.
