Taurus MF Redeems Two of its Schemes.

Taurus Mutual Fund has decided to redeem two of its open-end schemes prematurely namely, Libra Leap and BONANZA ELSS with effect from October 16, 2002.

Consequently, investors in Libra Leap have an option to either redeem their units or switch over to BONANZA Exclusive Growth Scheme, which is also an Equity diversified fund.

Whereas investors in BONANZA ELSS can either redeem their units or switch over to Libra Tax Shield. Both these funds have the same investment objective, i.e. equity tax-planning.

Unit holders under both the redeeming schemes may submit redemption/switchover options latest by October 16, 2002. However, exit option is not available to the unitholders who have invested under lock in period i.e. under sections 54EA/EB and 88 of the Income Tax, Act 1961.