VR Logo

Taurus Banking & Financial Services Fund - Direct Plan


1 Lakh

Investment declined to
₹ 0.94 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.01 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -33.81 0.92 8.33 -8.00 -29.43 -32.27 -27.38 -1.87 3.20 7.34 --
S&P BSE Bankex TRI -39.63 0.52 11.18 -10.47 -33.75 -38.83 -37.01 -5.51 1.19 7.29 --
Equity: Sectoral-Banking -36.32 1.13 9.27 -8.80 -31.71 -35.49 -32.54 -5.56 2.22 7.63 --
Rank within category 5 12 12 5 5 4 4 4 5 4 --
Number of funds in category 13 13 13 13 13 13 12 11 10 7 0

As on 29-May-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 15.76 (03-Sep-2013 - 10-Sep-2013) -24.13 (16-Mar-2020 - 23-Mar-2020)
Month 20.29 (07-May-2014 - 06-Jun-2014) -41.07 (20-Feb-2020 - 23-Mar-2020)
Quarter 45.55 (17-Feb-2014 - 19-May-2014) -41.44 (23-Dec-2019 - 23-Mar-2020)
Year 86.48 (28-Jan-2014 - 28-Jan-2015) -33.38 (27-May-2019 - 26-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 1.60 25.26 -0.15 -0.15 0.87 1.90
S&P BSE Bankex TRI -1.12 28.56 -0.23 -0.23 -- --
Equity: Sectoral-Banking -1.49 27.72 -0.24 -0.24 0.94 -0.76
Rank within category 4 1 4 4 2 4
Number of funds in category 11 11 11 11 11 11

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-May-2020

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 21
Top 10 Stocks (%) 76.00
Top 5 Stocks (%) 66.21
Top 3 Sectors (%) 83.36
Portfolio P/B Ratio 2.34
Portfolio P/E Ratio 21.84

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,11,948 1,64,903
Giant (%) 86.92 74.89
Large (%) 6.96 7.59
Mid (%) 5.33 14.71
Small (%) 0.79 3.43
Tiny (%) -- 0.73

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up HDFC Bank Financial 19.87 22.40 14.91 21.34
down ICICI Bank Financial 22.94 23.29 11.00 19.48
up Kotak Mahindra Bank Financial 28.77 17.23 10.14 17.23
up State Bank of India Financial 10.76 9.92 0.84 4.84
down Axis Bank Financial 60.43 12.81 3.32 3.32
down HDFC Financial 14.04 4.38 0.32 2.85
down Bajaj Finance Financial 24.69 5.07 0.00 2.07
down ICICI Prudential Life Insurance Co. Ltd. Financial 51.67 3.37 0.00 2.03
equal Muthoot Finance Financial 12.51 1.51 0.00 1.51
up HDFC Life Insurance Financial 80.27 4.77 0.00 1.33
down Bajaj Finserv Financial 22.53 5.40 0.00 1.27
equal City Union Bank Financial 13.97 4.45 0.00 0.86
equal Motilal Oswal Financial Financial 42.54 0.96 0.00 0.72
equal Sundaram Finance Financial 11.80 2.45 0.00 0.70
down JM Financial Financial 10.10 1.51 0.00 0.66
equal Federal Bank Financial 5.88 3.98 0.00 0.63
down M&M Financial Services Financial 8.35 5.96 0.00 0.63
down Cholamandalam Invest. & Fin. Financial 9.52 2.74 0.00 0.61
equal SBI Life Insurance Company Financial 54.45 0.70 0.00 0.56
down HDFC Asset Management Company Financial 44.70 1.50 0.00 0.43
down Nippon Life India Asset Management Financial 39.79 1.42 0.00 0.29

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Apr-2020

Fund Manager

— Prasanna Pathak since 01-Jul-2017

Education: Mr. Pathak is B.Tech and MBA in Finance.

Experience: Prior to joining Taurus Mutual Fund, he had worked as Asst.Fund Manager and Equity Analyst in the Department of Fund Management with UTI AMC for more than 4 yrs. and with HLL-Unilever for about 2 yrs. as All India Officer.

Funds Managed:


0.92%

Change from previous, NAV as on 29-May-2020

Growth: ₹ 20.9300

Dividend: ₹ 20.6900


Investment Strategy

The scheme seeks to generate capital appreciation through a portfolio that invests predominantly in equity and equity related instruments of Banking, Financial and Non Banking Financial Companies that form part of the BFSI Sector.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 5,000
Exit Load 0.5% for redemption within 7 days

Basic Details

Fund House: Taurus Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 5.71%
Benchmark: S&P BSE Bankex TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 7 Cr (As on 30-Apr-2020)
Expense: 2.16% (As on 30-Apr-2020)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 79.00%

Contact Information

AMC: Taurus Asset Management Company Ltd

Address: Ground Floor - AML Centre-1, 8 Mahal Industrial Estate, Mahakali Caves Road, Andheri (E), Mumbai - 400093

Phone: 022-66242700 / 1800-108-1111

Fax: 022-66242777

Email: [email protected]

Website: www.taurusmutualfund.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Shop for value or hold cash

dateFriday, 12-Jun-2020
time12:30 PM - 01:00 PM