The Hindu Business Line : Taurus launches open ended scheme

Taurus Mutual Fund has launched its first open-ended liquid scheme, which will remain open till August 31. An official statement said that the scheme would be open for continuous sale and repurchase from September 4.

There is no entry or exit load on the scheme. Besides, the entire initial issue exposure is being borne by AMC. The minimum investment is Rs 1,000; further investments have to be in multiples of Rs 1,000. The asset allocation is 0-100 per cent in the short term and in money market instruments. It has growth and dividend plans, with the later offering payout and reinvestment options. Dividends would be announced every week and would be tax-free in the hands of the investors. However, the fund will deduct dividend distribution tax for individuals, HUFs and others at different rates from the weekly dividend.

More Stories on : New Fund Offer | Mutual Funds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Krebs Bio plans pref offer

Top players in the M&A game for 2005

Taurus launches open ended scheme

UTI MF launches new scheme

UTI Index Select Fund dividend

Tech Mahindra lists at a premium

Bharati Ship up on entry into rig mfg

Indoco Remedies turns healthy on new initiatives

Sterlite Optical: Powers ahead

`Value buy' props up Balrampur Chini

Bull domination

HC upholds power of SEBI to revamp Coimbatore SE

ANMI calls for more disclosure of shareholding details

Late-hour buying lifts sluggish Sensex

Atlanta IPO opens on Sept 1