News From Press Taurus MF to approach Sebi on BILT default

Taurus MF to approach Sebi on BILT default

Source: Business Standard Mar 1, 2017

The fund house, the latest to have taken a massive valuation hit in its debt schemes, plans to propose possible measures to the regulator, in order to safeguard the interests of its existing unit holders.Taurus Mutual Fund, one of the smallest fund houses in the country, plans to approach the Securities and Exchange Board of India (Sebi) after one of its investments -- Ballarpur Industries (BILT) -- failed to honour the maturity obligation last week.

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