Taurus Mutual Fund was amongst the first few private sector Mutual Funds 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 with Taurus Investment Trust Company Ltd as the Trustee.
Taurus Mutual Fund launched its first scheme – Taurus Starshare in early 1994 and the same is in operation even today. It was amongst the first few funds to receive permission for investments by NRIs/FIIs to invest on a fully repatriable basis. The scheme also received investments from IFC,Washington; European Economic Community, Brussels and EFM, UK. Other schemes in different categories were also launched thereafter.
In 1999, a merger was announced between HB Mutual Fund and Taurus Mutual Fund.
HB Asset Management Co. Ltd. retained the amalgamated AMC name as Creditcapital Asset Management Co. Ltd. which was renamed 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 Presently shares of Taurus Asset Management Co. Ltd. is held by HB Portfolio Ltd. along with other HB Group Co's.
HB Group is a well known player in the Indian capital market. The major companies of the HB Group are as under:
HB Portfolio Ltd.
HB Stock Holdings Ltd.
HB Estate Developers Ltd.
HB Leasing & Finance Ltd.
Taurus Mutual Fund has established its presence across demographics of the country. With branches in top 13 cities and representative in smaller cities, Taurus Mutual Fund's distribution network is strongly supported by more than 4000 outlets of business associates.
Taurus Mutual Fund offers investment solutions for all segment of the society. With 5 Equity oriented schemes, 4 Debt based schemes and an Equity Linked Savings Scheme, in the open ended product basket, Taurus Mutual Fund continuously strives to strengthen its offerings by introducing researched and innovative schemes. Taurus Ethical Fund launched recently is the first of its kind actively managed funds in the country. Taurus Tax Shield has outperformed its benchmark index across all time frames and both Taurus Short Term Bond Fund and Taurus Liquid Fund on the debt side has been given the highest rating of AAAf by CRISIL.
Taurus Mutual Fund has filed offer documents for new schemes on the debt and equity front and expected to be launched shortly with approval from SEBI. In line with the expansion of its schemes and AUM, Taurus Mutual Fund has taken steps to expand its investments team. Well respected fund managers, research analysts and dealers have joined to strengthen the existing team.
In order to provide the best levels of service and to ensure complete security in deployment and reporting of investments, Taurus Mutual Fund has signed up Deutsche Bank, one of the largest fund accounting entities in India and worldwide for its own fund accounting . The custody of the assets of Taurus Mutual Fund is also with Deutsche Bank.
To support the business plans and to attract more investment and investors, Taurus Mutual Fund has planned integrated marketing initiatives and advertising campaigns round the year to increase the pull factor of its schemes.
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