Taurus Mutual Fund was amongst the first few private sector Mutual Funds to be registered with SEBI. It was constituted as a Trust on August 20, 1993 in accordance with the provisions of the Indian Trusts Act, 1882. The Mutual Fund was registered with SEBI on Sept 21, 1993 under Mutual Fund Registration Code No. MF/002/93. HB Portfolio Limited is the present sponsor of the Fund & the Taurus Investment Trust Company Ltd is the Trustee.
Taurus Mutual Fund launched its first scheme – Taurus Starshare in early 1994 which is operational even today. Needless to say, it is because of its consistent performance through these past 15 years that this scheme exists even today. Taurus Mutual Fund was perhaps the first private sector fund house to receive permissions to launch fully repatriable investments by NRIs/FIIs. The scheme has since received investments from IFC, Washington, the European Economic Community, Brussels & EFM, UK.
In 1999, a merger was announced between HB Mutual Fund & Taurus Mutual Fund. On amalgamation, the HB Asset Management Co. Ltd was renamed Creditcapital Asset Management Co. Ltd. which then was re-christened Taurus Asset Management Co. Ltd. w.e.f. April 21, 2006. Subsequently in March 2002, Taurus Mutual Fund also took over the schemes of BOI Mutual Fund. Currently, the shares of the Taurus Asset Management Co. Ltd are held by HB Portfolio Ltd along with other HB Group Companies.
The HB Group is a well known player in the Indian capital market The major companies that constitute the group are namely:
HB Portfolio Ltd
HB Stock Holdings Ltd
HB Estate Developers Ltd
HB Leasing & Finance Ltd
Taurus Mutual Fund has established its presence across all demographics. With branches in top 15 cities & representatives in smaller cities, Taurus Mutual Fund's distribution network is strongly supported by more than 4000 business associates.
Taurus Mutual Fund offers investment solutions for all investor segments. With Equity oriented schemes, Debt based schemes and an Equity Linked Savings Scheme, in the open ended product basket, Taurus Mutual Fund continuously strives to strengthen its offerings with more & more innovative schemes designed on the basis of years of expertise, market knowledge & research.
In order to provide the best levels of service & to ensure complete security in deployment & reporting of investments, Taurus Mutual Fund has allied with the Deutsche Bank, one of the largest fund accounting entities in India & globally. The custody of the assets of Taurus Mutual Fund is with the HDFC Bank Ltd.
To support the business plans & to attract more investments, Taurus Mutual Fund has planned integrated marketing campaigns all round the year to increase awareness of its schemes.