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Wednesday, August 12, 2009

Taurus MF announces change in exit load structure

With effect from 17 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, Taurus Tax Shield Scheme, Taurus Gilt Fund, Taurus Income Fund, Taurus Short Term Bond Fund. The exit load structure includes for Systematic Investment Plan (SIP) applications. The change will take effect from 17 August 2009.

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

For any investment amount in growth and dividend option in equity scheme, an exit load of 1% will be charged if exited before 3 years and exit load charge will be nil if exited after 3 years.

Taurus Ethical Fund includes bonus option apartment from growth and dividend option.

Taurus Tax Shield scheme:

For any investment amount in growth and dividend option in ELSS-Equity scheme the exit load charge will be nil.

Taurus Gilt Fund:

For any investment amount in growth and dividend option in gilt scheme, an exit load of 1% will be charged if exited before 1 year and exit load charge will be nil if exited after 1 year.

Taurus Income Fund:

For any investment amount in growth and dividend option in bond scheme, an exit load of 1% will be charged if exited before 3 years and exit load charge will be nil if exited after 3 years.

Taurus Short Term Bond Fund:

For any investment amount in retail, institutional and super institutional plan in debt scheme the exit load charge will be nil.

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

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