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Tuesday, April 28, 2009

Taurus MF announces changes

With effect from 28 April 2009

Taurus Mutual Fund has announced the changes in the minimum application amount and additional subscription amount of retail, institutional and super institutional plan in Taurus Short Term Bond Fund and Taurus Liquid Fund, with effect from 28 April 2009.

Taurus Short Term Bond Fund

The minimum application amount under institutional plan has increased to Rs 1 crore and in multiples of Rs 1000 thereof from Rs 10 lakh and in multiple of Re 1 thereafter. And under super institutional plan the minimum application amount has increased to Rs 5 crore and in multiple of Rs 1000 thereof from Rs 50 lakh and in multiple of Rs 1 thereafter.

The additional subscription amount of institutional plan and super institutional plan has revised to Rs 1 lakh and in multiple of Rs 1000 from Rs 1 lakh and in multiple of Re 1.

Taurus Liquid Fund

The minimum application amount under institutional plan has revised to Rs 1 crore and in multiples of Rs 1000 thereof from Rs 1 crore and in multiple of Rs 1 lakh thereof. And under super institutional plan the minimum application amount has decreased to Rs 5 crore and in multiple of Rs 1000 thereof from Rs 10 crore and in multiple of Rs 10 lakh thereof.

The additional subscription amount of retail plan has revised to Rs 1000 and in multiple of Rs 1000 from Rs 1000 and in minimum Re 1 thereof, institutional plan revised to Rs 1 lakh and in multiple of Rs 1000 from Rs 1 lakh and in minimum Re 1 thereof and super institutional plan has decreased to Rs 1 lakh and in multiple of Rs 1000 from Rs 10 lakh and in multiple of Re 1.

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