Taurus INFRA -TIPS | Value Research There is one more addition to the ever growing list of equity mutual funds. This time the new offering is from Taurus Mutual. The new fund offer will be open between February 5 and March 5, 2007
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The fund will invest in the companies operating in the infrastructure sector and its related and supporting industries. The fund will primarily invest between 70-100 per cent in equity and equity-related instruments and can invest up to 0-30 per cent in debt and money market instruments. The fund may also invest up to 25 per cent of its corpus in ADR/GDR and equities of companies listed overseas (with a market cap of at least $1 billion).

The units of the fund are available at Rs 10 per unit and the minimum application amount is Rs 1,000.

During the new fund offer period, an entry load of 1 per cent will be levied on application size of less than Rs 1 crore and 0.5 per cent on application size between Rs 1 crore and Rs 3 crore. There is no entry load for investments above Rs 3 crore and for those opting for systematic investment plan.

During the continuous offer period, the entry load will be as follows: Up to Rs 1 crore - 2.25 per cent; above Rs 1 crore but less than Rs 3 crore - 1.5 per cent; Above Rs 3 crore - 1 per cent. No load is payable under systematic investment plan.

The fund will disclose its portfolio half-yearly.

Type of scheme: Open-ended Equity Thematic Fund
Minimum investment: Rs 1,000
Fund Manager: RK Gupta
Benchmark Index: BSE 200
Offer Price: Rs 10 per unit
Offer opens: February 5, 2007
Offer closes: March 5, 2007

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