Taurus Mutual Fund starts
charging exit load in Nifty Index Fund
Mumbai: Taurus Mutual Fund has introduced exit load in Taurus Nifty Index Fund with effect from July 14, 2011.The fund house will charge 0.50 per cent exit load if units are redeemed within 7 days from the date of allotment. The scheme was not charging any exit load earlier.
Taurus Nifty Index Fund is an open ended index linked equity scheme with an investment objective to replicate the S&P CNX Nifty Index by investing in securities of the S&P CNX Nifty Index in the same proportion / weightage. The scheme is managed by Sadanand Shetty and is benchmarked against S&P Nifty.
