Taurus Mutual Fund has unveiled Taurus Fixed Maturity Plan -30 Days-Series 2 on 27 October 2008. The scheme is available for fresh subscription until 29 October 2008. The new issue price is at Rs 10 per unit during new fund offer period. Taurus Fixed Maturity Plan -30 Days-Series 2 is a close ended debt scheme, with an investment objective of generating income with minimum.volatility through investments in a portfolio of debt (including securitised debt) and money market instruments.
The 30 days FMP-Series 2 will have retail and institutional plan with growth and dividend option. The dividend option will be available under two sub-options - the payout option and the reinvestment option. Investors under retail plan should apply for minimum amount of Rs 5000 and under institutional plan they should invest minimum of Rs 10 lakh and in multiple of Re. 1 for fresh purchases and Re.0.01 for inter plan switches.
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