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Taurus Mutual Fund Revises Load Structure

Last updated: 08-Jul-2024•Value Research

Taurus Mutual Fund has reduced the entry load to 1.75% in all its open-end equity funds namely, Libr

Taurus Mutual Fund has reduced the entry load to 1.75% in all its open-end equity funds namely, Libra Leap, Bonanza Exclusive Growth, Taurus Starshare and Taurus Discovery Stock, with effect from July 15, 2002. Currently, Bonanza Exclusive Growth charges a high entry load of 3%, whereas the other three has a front-end load of 2%.

Moreover, the mutual has also revised the exit load in both its debt funds - Libra Bond Fund and Libra Gilt Fund. Under both the funds, with effect from July 15, 2002, an exit load of 0.25% will be charged if redeemed before 3 months. Currently, Libra Bond charges an exit load of 0.5% if redeemed within 6 months and in case if Libra Gilt fund, it is 0.15% if redeemed within 15 days.

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