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Tuesday, December 23, 2008

Taurus MF announces changes

Change in exit load under Taurus Income Fund

Taurus Mutual Fund has announced the following changes in the load structure for investments under Taurus Income Fund:

For investments less than Rs. 50 lacs, exit load of 2% will be charged if units are redeemed within 1 year, or 1% if units are redeemed after 1 year but within 2 years.

For investments of Rs. 50 lacs and more, an exit load of 0.50% will be charged if units are redeemed within 6 months.

Earlier, an exit load of 0.25% was charged if units were redeemed within 3 months.

Taurus Income Fund is an open ended bond fund with an investment objective to maximise income through a basket of debts, bonds, debentures, government securities and money market instruments etc of varying maturities while maintaining safety and liquidity.

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