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Thursday, August 06, 2009

Taurus MF announces change in exit load structure

With effect from 6 August 2009

Taurus Mutual Fund announced changes in exit load structure for Taurus Starshare, Taurus Infrastructure Fund, Taurus Bonanza Fund, Taurus Discovery Fund, Taurus Ethical Fund and Taurus Tax Shield scheme. The exit load structure includes for Systematic Investment Plan (SIP) applications. The change will take effect from 6 August 2009.

Taurus Starshare & Taurus Infrastructure Fund:

Accordingly, for investment amount less than Rs.5 crore in growth and dividend option in equity scheme, the exit load charge will be 1% if exited before 3 years. For investment amount above or equal to Rs. 5 crore, the exit load charge will be nil.

Taurus Bonanza Fund, Taurus Discovery Fund & Taurus Ethical Fund:

Accordingly, for investment amount less than Rs.5 crore in growth and dividend option in equity scheme, the exit load charge will be 1% if exited before 3 years. For investment amount above or equal to Rs. 5 crore, the exit load charge will be 0.5% if exited before 3 years.

Taurus Ethical Fund includes bonus option.

Taurus Tax Shield:

Accordingly, for investment of any amount in growth and dividend option in ELSS-Equity scheme, the exit load charge is NA.

Switch: For switch between equity to equity the load will be nil, equity to debt-relevant exit load applicable as above, equity to ELSS- relevant exit load applicable as above.

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