Taurus Mutual Fund has announced that Taurus Ethical Fund re-opens for continuous sale and re-purchase with effect from 13 April 2009 at NAV based price plus applicable load. Taurus Ethical Fund is India's first actively managed equity oriented Shariah compliant fund. Taurus Ethical Fund is an open-ended equity oriented scheme.
The new issue was opened for subscription from 19 February 2009 till 20 March 2009. The investment objective of the scheme is to provide capital appreciation and income distribution to unit holders through investment in a diversified portfolio of equities, which are based on the principles of Shariah.
The scheme may also invest in a certain portion of the corpus in money market instruments to meet liquidity requirements from time to time. Taurus Ethical Fund will have growth and dividend option. Under dividend option investors will get dividend payout and reinvestment facility.
The fund will charge an entry load of 2.25%. Exit load will be 1% for redemptions done up to 6 months from the date of allotment, 0.5% for redemptions after 6 months and up to one year and nil for all redemptions after one year for all one time investments.
The scheme will invest up to 80% in equity & equity related instruments with high-risk profile and up to 20% in money market instruments with low risk profile. Investment in foreign securities will not exceed 20% of the corpus.
The performance of the scheme will be measured against S&P CNX 500 Shariah.
The new issue was opened for subscription from 19 February 2009 till 20 March 2009. The investment objective of the scheme is to provide capital appreciation and income distribution to unit holders through investment in a diversified portfolio of equities, which are based on the principles of Shariah.
The scheme may also invest in a certain portion of the corpus in money market instruments to meet liquidity requirements from time to time. Taurus Ethical Fund will have growth and dividend option. Under dividend option investors will get dividend payout and reinvestment facility.
The fund will charge an entry load of 2.25%. Exit load will be 1% for redemptions done up to 6 months from the date of allotment, 0.5% for redemptions after 6 months and up to one year and nil for all redemptions after one year for all one time investments.
The scheme will invest up to 80% in equity & equity related instruments with high-risk profile and up to 20% in money market instruments with low risk profile. Investment in foreign securities will not exceed 20% of the corpus.
The performance of the scheme will be measured against S&P CNX 500 Shariah.
No comments:
Post a Comment