Taurus Mutual Fund has announced the changes in the minimum application amount as well as additional subscription amount of retail, institutional and super institutional plan in Taurus Short Term Bond Fund and Taurus Liquid Fund, with effective from April 28, 2009.
The minimum application amount under institutional plan has increased to Rs 1 crore and in multiples of Rs 1000 thereof from Rs 10 lakh and in multiple of Re 1 thereafter. While under super institutional plan the minimum application amount has increased to Rs 5 crore and in multiple of Rs 1000 thereof from Rs 50 lakh and in multiple of Rs 1 thereafter. Moreover, the additional subscription amount of institutional plan and super institutional plan has revised to Rs 1 lakh and in multiple of Rs 1000 from Rs 1 lakh and in multiple of Re 1.
The minimum application amount under institutional plan has increased to Rs 1 crore and in multiples of Rs 1000 thereof from Rs 10 lakh and in multiple of Re 1 thereafter. While under super institutional plan the minimum application amount has increased to Rs 5 crore and in multiple of Rs 1000 thereof from Rs 50 lakh and in multiple of Rs 1 thereafter. Moreover, the additional subscription amount of institutional plan and super institutional plan has revised to Rs 1 lakh and in multiple of Rs 1000 from Rs 1 lakh and in multiple of Re 1.
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