New Delhi: Taurus Mutual Fund is looking to mobilise about Rs 50-Rs 100 crore under its ‘The Starshare scheme’, an existing open-end equity growth scheme, during October-December, according to R.K. Gupta, Managing Director, Taurus Asset Management Co. Ltd.
Performance
“We are marketing the Starshare growth scheme as a focused fund (sort of re-launch) during October-December. We want to regain the confidence of investors, which was somewhat lost during the late 90s, by showing our performance in recent years,” Gupta told Business Line.
He said that the assets under management of the scheme, launched in 1994, were about Rs 230 crore as on date and the Net Asset Value (NAV) was about Rs 60 per unit of Rs 10.
More awareness
Taurus Mutual Fund has also embarked on some advertising for the scheme and chosen the Metro Rail in Delhi and other cities for creating more awareness among investors, Gupta said.
He also said that there were no plans for rebalancing the portfolio of the Starshare Growth scheme, stating that it was already “well balanced”.
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