Taurus Mutual Fund has launched the NFO of Taurus Fixed Maturity Plan Series U (369 Days), a close ended income scheme.
The NFO opens for subscription on June 15, 2012 and closes on June 20, 2012. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5000 and multiple of Rs 1 thereof.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Rahul Pal.
The investment objective of the scheme is to generate income with minimum volatility through investments in a portfolio of debt and money market instruments maturing on or before the maturity of the Scheme. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.
Source: Accord Fintech
