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Thursday, April 16, 2009

Taurus Mutual Fund revises load structure for various schemes

With effect from 16 April 2009

Taurus Mutual Fund has announced the following changes in the load structure for investments under Taurus Ethical Fund, Taurus Short Term Bond Fund and Taurus Income Fund, with effect from 16 April 2009.

Taurus Ethical Fund

Accordingly, for investments less than Rs 2 crore, entry load of 2.25% will be charged and no entry load will be charged for investments greater than or equal to Rs 2 crore. And 2.25% of entry load will be charged for any amount by Systematic Investment Plan (SIP).

For the investment amount less than Rs 2 crore the scheme will charge an exit load of 1.00%, if redeemed within 6 months and 0.50%, if redeemed after 6 months but before 12 months. For the investment amount greater than Rs 2 crore and less than 5 crore the scheme will charge an exit load of 0.50%, if redeemed within 6 months and nil, if redeemed after six month. And the scheme will not charge any exit load for the investment amount greater than Rs 5 crore.

Taurus Short Term Bond Fund

The scheme has revised the exit load to nil from 0.10%, if redeemed within 3 days from the date of allotment.

Taurus Income Fund

As per the revision, for the investment amount greater than Rs 50 lakh, the scheme will charge an exit load of 2.00%, if exited before 3 months and charge 1.00% if exited after 3 months but before 1 year.

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