Taurus Banking & Financial Services Fund
NAV : ₹ 49.18 as of 21 November, 2024
3Y Returns
▲11.21%
Overview
Fund size
Min SIP
Lumpsum
Launch date
Fund plan
Scheme type
Rating by Value Research
Return Calculator
Over the past
Total Investment of ₹3,00,000
Would have become ₹3,31,968 (+9.63%)
Disclaimer: Past performance is not an indicator of future returns
Equity Holding(s) Distribution
Other Scheme Info
Inclusive of GST
Exit load of 1%, if redeemed within 365 days.
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Taurus Banking & Financial Services Fund Managers
List of Taurus Mutual Fund’s top performing schemes
Fund House
Taurus Mutual Fund
Total AUM: 733.92Cr
Taurus Asset Management Company stands as one of the leading players in the mutual funds arena, boasting nearly three decades of industry presence. Furthermore, it is among the select few private sector mutual fund companies that obtained SEBI registration in the 1990s. Currently, the sponsorship of Taurus Mutual Funds rests with HB Portfolio Limited, while Taurus Investment Trust Company Ltd. serves as the company's trustee. Despite witnessing changes in its leadership over time, the Mutual Funds business has consistently thrived. In 1999, two promoters, HB Mutual Fund and Taurus Mutual Fund, merged to establish a new entity known as Creditcapital Asset Management Co. Ltd.
Subsequently, in 2006, Creditcapital underwent a name change to become Taurus Asset Management Co. Ltd. Further expanding its footprint, Taurus took over segments of the BOI Mutual Fund in 2002, leading to a notable increase in Taurus Mutual Funds' market share. As of December 2023, the Assets under Management (AUM) for Taurus Mutual Fund amount to Rs. 644 crore, solidifying its position as one of the rapidly growing players in the Mutual Fund industry.
Learn more about Taurus Mutual Fund
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor
FAQ for Taurus Banking & Financial Services Fund
How to start an SIP in Taurus Banking & Financial Services Fund?
To start an SIP in Taurus Banking & Financial Services Fund:
1. Login to the Kotak NEO App and tap Invest on the bottom navigation bar.
2. Under Other Investments, select Mutual Funds and search for Taurus Banking & Financial Services Fund.
3. On the Taurus Banking & Financial Services Fund details page, tap Invest Now.
4. Enter your investment amount under Monthly SIP, select your SIP date, and choose First Payment Now to complete the payment and initiate your SIP.
This simplified process helps you start your SIP quickly and efficiently.
How to invest in Taurus Banking & Financial Services Fund?
To invest in Taurus Banking & Financial Services Fund:
1. Login to the Kotak NEO App and tap Invest on the bottom navigation bar.
2. Under Other Investments, select Mutual Funds and search for Taurus Banking & Financial Services Fund.
3. Open the scheme details and tap Invest Now.
4. Choose One-time Investment, enter the amount, accept the T&C, and click Proceed.
5. Complete the payment via your bank’s e-banking page.
Your order will be successfully placed upon payment confirmation.
How do I automate an SIP in Taurus Banking & Financial Services Fund?
To automate an SIP in Taurus Banking & Financial Services Fund, use the Auto-Invest feature on Kotak Securities. This allows you to set up automatic investments, SIPs in mutual funds at regular intervals. Once configured, your chosen amount will be invested in the Taurus Banking & Financial Services Fund automatically, ensuring consistent contributions without manual intervention.
How can I withdraw/redeem my investment in Taurus Banking & Financial Services Fund?
To withdraw or redeem your investment in Taurus Banking & Financial Services Fund:
1. Login to the Kotak NEO App and access the Mutual Funds section.
2. Tap Reports on the bottom bar and select Manage SIP.
3. Find the Taurus Banking & Financial Services Fund, tap the three dots, and select Stop SIP.
4. Confirm your action, and your SIP will be successfully stopped.
This streamlined process will help you redeem your investment quickly.
What is the NAV of Taurus Banking & Financial Services Fund
NAV stands for net asset value, where the performance of a mutual fund is derived by its NAV per unit. NAV per unit is the market value of securities in a scheme, divided by the total number of units in the scheme on a given date.
The Net Asset Value of Taurus Banking & Financial Services Fund is ₹49.18
What is the AUM of Taurus Banking & Financial Services Fund?
AUM means ‘asset under management,’ which implies the cumulative sum of the market value of total securities held in a mutual fund scheme. MFs invest in Equities, Bonds & other such instruments. If you add the market value of all the investments made by the mutual fund along with any idle cash that it holds, the final tally is called AUM. It tells you how large or small a mutual fund is.
The AUM of Taurus Banking & Financial Services Fund is ₹11.09 Cr.
What is the minimum SIP amount for Taurus Banking & Financial Services Fund?
Every mutual fund scheme has a minimum SIP amount, which one may start with.
The minimum SIP amount of Taurus Banking & Financial Services Fund is ₹500
What is the Expense Ratio of Taurus Banking & Financial Services Fund?
As per SEBI Regulations, mutual funds are permitted to charge certain operating expenses for managing a mutual fund scheme. The total expense ratio is calculated as a percentage of the scheme’s NAV. It's deducted from the total revenue generated by a mutual fund before disbursing it to the investors.
The Expense Ratio of Taurus Banking & Financial Services Fund is 2.49%
What is the Exit load of Taurus Banking & Financial Services Fund?
It’s a fee charged by the mutual fund house if an investor fully or partially exits from an invested scheme within a stated period from the date of investment. The time period for which it applies varies with the type of fund. It's calculated from the date of investment, whether in SIP or lump sum form.
The Exit load of Taurus Banking & Financial Services Fund is Exit load of 1%, if redeemed within 365 days..
