Taurus Mutual Fund
Taurus Asset Management Company is among the leading mutual funds. It has been in the business for close to three decades. Moreover, it is among those few private sector mutual fund companies registered with the SEBI in the 1990s. At present, the sponsor of Taurus Mutual Funds is HB Portfolio Limited, whereas the company’s trustee is Taurus Investment Trust Company Ltd.
Taurus Mutual Funds brings the benefit of a long experience in the business. It has seen the ups and downs of the market over the last 29 years of its operations and learnt appropriate insights. The company has a highly experienced and capable team of professional fund managers who identify the market trend, thus automatically maximizing the value of the investor’s portfolio. This is why they have long, short, and medium-term mutual funds to take care of the financial needs of each investor.
In 1994, the company launched its first scheme Taurus Starshare (Multi Cap) Fund, which is still popular and functional. Moreover, the company has a glorified history as it was the first private company that got a chance to manage the investments of both FIIs and NRIs.
In terms of Asset Under Management (AUM), Taurus Mutual Funds are listed in India’s top 10 mutual funds. In their 29 years of operations, they expand in all 29 states and seven union territories and have millions of loyal clients.
Taurus Mutual Funds also receive investments from big foreign players like the European Economic Community, Brussels & EFM, UK and IFC, Washington.
HB Mutual Fund and Taurus Mutual Fund were merged in 1999. They came up with a new name as Creditcapital Asset Management Co. Ltd. Later on April 21, 2006, it was again renamed as Taurus Asset Management Co. Ltd. There was some schemes of BOI mutual funds which the Taurus Mutual Funds took over in 2002.
Taurus Mutual funds expanded their network across India, having over 5,000 branches. Most of their assets are controlled by HDFC Bank Ltd. and serve as a guarantor. Taurus Mutual Funds is growing continuously as a major mutual fund company with an AUM of over 400 crore rupees.
Top 10 Taurus Mutual Funds Schemes –
Fund Size (in Cr)
|Taurus Ethical Fund – Direct Growth||Equity||Very High||-2.65||-||76|
|Taurus Discovery (Midcap) Fund – Direct Growth||Equity||Very High||-5.67||3||70|
|Taurus Infrastructure Fund – Direct Growth||Equity||Very High||-1.99||4||4.93|
|Taurus Nifty Index Fund – Direct Growth||Other||Very High||0.54||-||1.73|
|Taurus Tax Shield – Direct Growth||Equity||Very High||-1.17||2||60|
|Taurus Largecap Equity Fund – Direct Growth||Equity||Very High||-5.16||1||32|
|Taurus Flexi Cap Fund – Direct Growth||Equity||Very High||-3.73||1||240|
|Taurus Banking & Financial Services – Direct Growth||Equity||Very High||-4.89||3||9.05|
|Mutual Fund||Taurus Mutual Fund|
|Sponsor||HB Portfolio Limited|
|Trustee||Taurus Investment Trust Company Limited|
|CEO||Mr Waqar Naqvi|
|MD||Mr R. K. Gupta|
|Compliance Officer||Ms Anu Suri|
|CIO||Mr Dheeraj Singh|
|Investor Service Officer||Rs. 475.34 crore (Mar-31-2021)|
|Auditors||Haribhakti & Company, M/S M P Chitale & Co.,
Chartered Accountants M/s Thakur, Vaidyanath Aiyar & Co, Chartered Accountant
|Assets Managed||Rs. 475.34 crore (Mar-31-2021)|
List of Taurus Mutual Funds
|Taurus Largecap Equity Fund||Equity||Very High Risk|
|Taurus Discovery (Midcap) Fund||Equity||Very High Risk|
|Taurus Ethical Fund||Equity||Very High Risk|
|Taurus Infrastructure Fund||Equity||Very High Risk|
|Taurus Nifty Index Fund||Equity||Very High Risk|
|Taurus Flexi Cap Fund||Equity||Very High Risk|
|Taurus Banking & Financial Services Fund||Equity||Very High Risk|
|TAURUS TAX SHIELD||ELSS||Very High Risk|
Taurus Mutual Funds – Top Fund Managers
Taurus Mutual Fund CEO Mr Waqar Naqvi joined the company in 2008 is now the leader of the functional heads team. He has three decades of experience in the finance field. His career began in 1992 as a Management Trainee at Thermax Ltd. Then he moved to two different firms, Apple Industries Ltd., GE transport financial services Ltd., Escorts Finance Ltd., and Birla Sun Life AMC.
Mr Dheeraj possesses experience in the banking and finance sectors. Currently, he is the Head of Investments at Taurus MF. This IIM Bangalore alumnus has a primary specialization in Economics and has been associated with reputable AMCs in the past. Currently, Mr Dheeraj is associated with Taurus MF and is monitoring equity and debt investment services. Due to his experience, many famous corporations had appointed him as their independent financial advisor in the past.
Mr Prasanna Pathak, known for brilliant leadership, heads the Equity Schemes department. Taurus MF witnessed the launch of specific new hybrid and liquid schemes under his supervision. Before joining Taurus Mutual Funds, he worked with Hindustan Unilever as a Research Analyst. Additionally, he worked with IndiaFirst Life and UTI Mutual Funds as well.