Taurus Mutual Fund has revealed Taurus Liquid Plus Fund on 24 November 2008. The scheme is available for fresh subscription until 26 November 2008. The new issue price is at Rs 10 per unit during new fund offer period. The scheme reopens on 8 December 2008.Taurus Liquid Plus Fund is an open- ended debt scheme, with an investment objective of generating returns with higher liquidity and low volatility from a portfolio of money market and debt instruments. However, there is no assurance that the investment objective of the scheme will be realized.
The Liquid Plus Fund will have retail, institutional and super institutional plan with growth and dividend option. Under dividend option, only dividend reinvestment facility is available.Investors under retail plan should apply for minimum amount of Rs 5000 and in multiple of Rs 1000, under institutional plan they should invest minimum of Rs 10 lakh and in multiple of Re. 1 for fresh purchases. While, super institutional plan may seek of Rs 50 lakh and in multiple of Re. 1 as minimum application amount.
The Liquid Plus Fund will have retail, institutional and super institutional plan with growth and dividend option. Under dividend option, only dividend reinvestment facility is available.Investors under retail plan should apply for minimum amount of Rs 5000 and in multiple of Rs 1000, under institutional plan they should invest minimum of Rs 10 lakh and in multiple of Re. 1 for fresh purchases. While, super institutional plan may seek of Rs 50 lakh and in multiple of Re. 1 as minimum application amount.
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