Taurus MF Rolls Out Taurus INFRA-TIPS

Taurus Mutual Fund has rolled out a new scheme called Taurus INFRA-TIPS, an open-end equity thematic scheme on 5 February 2007. The basic theme of the scheme is Infrastructure. The words TIPS depict some of the sectors which form important ingredients in the Infrastructure sector i.e. ‘T’ - Transport, Telecom, ‘I’-Industrial Manufacturing - Engineering, ‘P’- Power, Petroleum, ‘S’-Shipping, steel etc..As per Planning Commission estimates, investment of more than $350 billion is required in the next 4-5 years. As such investors who invest in infrastructure theme scheme can take advantage of this investment surge and reap the fruits. Taurus Mutual Fund is therefore, offering an opportunity to the investors to participate in Infrastructure growth by introducing Taurus INFRA-TIPS, an open-end equity thematic fund. Taurus INFRA-TIPS opened on 5 February 2007 and will close on 5 March 2007. Being an open-end scheme, most of the initial issue expenses will be borne by the AMC. Minimum investment in the Scheme has been kept as Rs.1000/- so that small investor can also take the benefit of growth in the Infrastructure. As such, investing in Taurus INFRA-TIPS can provide better investment opportunity to the investors. The investment objective of the Taurus INFRA-TIPS is to provide capital appreciation and income distribution to the unitholders by investing pre-dominantly in equity and equity related securities of the companies belonging to the infrastructure sector viz. Construction, Housing, Cement, Coal, Earth Moving Equipments, Energy, Engineering, Petroleum, Ports and Power Equipments, Telecommunication, Transportation, Metals, Capital Goods etc. Fund would be adopting bottom up approach in the stock selection with strict investment strategy. The maximum exposure in a sector related to Infrastructure theme would not be more than 7-8%. Similarly, maximum exposure in a particular stock would not exceed 5-6% of the total assets. With such investment strategy, Fund is looking forward to provide a feel of Infrastructure growth to its investors.