Taurus Mutual Fund

Taurus Mutual Fund which was constituted in the form of a trust on 20 August 1993, is among the first few private sector mutual fund companies to be registered with the Securities Exchange Board of India (SEBI). Several schemes of this fund house have shown great performance over the years, the Taurus Starshare (Multi Cap) Fund being one which though launched in early 1994 is operational till today due to its consistent performance since last 20 years. With a variety of equity, equity-linked, and debt schemes designed considering the individual investment and financial requirements of the customers, Taurus Mutual Fund strives to offer good returns with substantial growth prospect. Taurus strives to come up with unique and innovative fund schemes and the Taurus Ethical Fund is such an innovative scheme from its product basket which complies with the Shariah Law and ethical code. Providing high-quality service to the customers is the prime objective of this experienced fund house.

Types of mutual fund schemes offered by Taurus Mutual Fund

The funds offered by Taurus Mutual Fund can be divided into 3 broad categories namely -

  • Equity schemes
  • ELSS
  • Liquid Funds

Under each category, this decades-old fund house offers a variety of schemes designed to cater to the varied financial needs of the investors. While it has 7 unique schemes under the equity category, the other two categories have one each. Though this fund house doesn’t offer a variety of funds under the ELSS and Liquid schemes, it is known for maintaining a consistent performance through the years.

Mutual Fund Schemes offered by Taurus Mutual Fund

  • Equity schemes
    • Taurus Large-cap Equity Fund
    • Taurus Discovery (Midcap) Fund
    • Taurus Ethical Fund
    • Taurus Infrastructure Fund
    • Taurus Nifty Index Fund
    • Taurus Starshare (Multi Cap) Fund
    • Taurus Banking & Financial Services Fund
  • ELSS
    • Taurus Tax Shield
  • Liquid Schemes
    • Taurus Liquid Fund

Equity funds offered by Taurus Mutual Fund

Equity mutual funds primarily focus on investing in the stocks and bonds of companies for generating capital appreciation for the investors over a long period of time. These ideally invest in the equity and equity-related securities of corporates for tenures ranging from 5 to 10 years. Taurus Mutual Fund offers 7 different types of equity schemes to invest in. You can invest in any of these schemes as per your investment appetite, strategy, and risk tolerance level.

  1. Taurus Largecap Equity Fund
  2. Type of Fund: It is an open-ended diversified equity growth scheme which primarily focuses on investing in the equity and equity-related instruments of large-cap companies.

    Investment Objective: The investment goal of this fund is to offer capital appreciation for a long-term to the investors by making investments majorly in a diverse portfolio mainly comprising stocks and bonds of large-cap companies in India along with some investment in debt and money market securities.

    Ideal for: It is a growth scheme which is suitable for individuals willing to derive high returns by means of long-term investment with a higher risk level.

    Benchmark Index

    S&P BSE 100 TRI

    Total Expense Ratio

    1.99% - Direct Plan

    2.69% - Regular Plan

    Minimum Investment

    Rs.5,000 and multiples of Re.1 thereafter

    Entry Load

    Not Applicable

    Exit Load

    • 0.50% - If the investor exits on or before 7 days from the date of allotment
    • Nil - If the investor exits after 7 days from the date of allotment

    Risk Factor

    Moderately High

    Fund Manager

    Mr. Prasanna Pathak managing from 30 June 2017

  3. Taurus Discovery (Midcap) Fund
  4. Type of Fund: Taurus Discovery (Midcap) Fund is an open-ended equity growth scheme which focuses to capitalise on undervalued equity and equity-linked securities of mid-cap companies in the country by means of the price discovery mechanism.

    Investment Objective: Its purpose is to find out low-priced stocks by implementing a price discovery mechanism where the price for a commodity is determined on the basis of supply and demand factors related to the market. By capitalising on the growth opportunity of undervalued penny stocks having moderate dividend yield at a low associated risk, this scheme aims to provide better than average returns over a long period of time.

    Ideal for: This scheme is ideal for investors with high risk-tolerance who want to derive better than average returns in the long-term.

    Benchmark Index

    Nifty Midcap 100 TRI

    Total Expense Ratio

    2.33% - Direct Plan

    2.68% - Regular Plan

    Minimum Investment

    Rs.5,000 and multiples of Re.1 thereafter

    Entry Load

    Not Applicable

    Exit Load

    • Up to any amount (including SIP):

    0.5% - If the investor exits on or before 180 days from the allotment date

    • Nil - If the investor exits after 180 days from the allotment date

    Risk Factor

    Moderately High

    Fund Manager

    Mr. Prasanna Pathak managing from 30 June 2017

  5. Taurus Ethical Fund
  6. Type of Fund: It is an open-ended equity-oriented scheme which primarily invests in equity and equity-linked securities of companies that are compliant with the Shariah norms through a dynamically managed diversified portfolio.

    Investment Objective: Its primary aim is to offer capital appreciation and income distribution to the investors by making investments in a diverse portfolio comprising of various equities and equity-related instruments fundamentally based on the Islamic investment principles of justice, transparency, common interest and public need, also known as the Shariah principles.

    Ideal for: Apt for people who want to invest in medium to long-term mutual funds complying with the Shariah norms. In other words, investors who are against gambling, alcohol, and other types of addictions and looking for a socially responsible form of investing should ideally invest in this scheme.

    Benchmark Index

    S&P BSE 500 Shariah TRI

    Total Expense Ratio

    1.93% - Direct Plan

    2.68% - Regular Plan

    Minimum Investment

    Rs.5,000 and multiples of Re.1 thereafter

    Entry Load

    Not Applicable

    Exit Load

    • Up to any amount (including SIP)

    0.5% - If the investor exits on or before 180 days from the allotment date

    • Nil - If the investor exits after 180 days from the allotment date

    Risk Factor

    Moderately High

    Fund Manager

    Mr. Prasanna Pathak managing from 30 June 2017

  7. Taurus Infrastructure Fund
  8. Type of Fund: Taurus Infrastructure Fund is an open-ended equity fund which seeks to derive capital growth for the investors over a long time period by spreading its assets across a diverse portfolio of company stocks.

    Investment Objective: It focuses on providing capital appreciation along with income distribution to the investors by making investments primarily in equity and equity-linked instruments of infrastructure companies and related industries including suppliers of raw materials, capital goods, and supportive services. Besides investing in infrastructure, this fund invests the remaining assets from its financial corpus in debt and other money market securities.

    Ideal for: This fund will be apt for individuals who have a higher risk taking capacity and want to generate returns over a long-term investment horizon by capitalising on the securities of the infrastructure sector.

    Benchmark Index

    Nifty Infrastructure Index TRI

    Total Expense Ratio

    2.06% - Direct Plan

    2.66% - Regular Plan

    Minimum Investment

    Rs.5,000 and multiples of Re.1 thereafter

    Entry Load

    Not Applicable

    Exit Load

    0.50% - If the unitholder exits on or before 7 days from the allotment date

    Nil - If the unitholder exits after 7 days from the allotment date

    Risk Factor

    High

    Fund Manager

    Mr. Prasanna Pathak managing from 30 June 2017

  9. Taurus Nifty Index Fund
  10. Type of Fund: Taurus Nifty Index Fund is an open-ended, index-linked equity scheme which imitates its benchmark index in equal proportion/weightage to offer long-term benefit to investors at a medium risk.

    Investment Objective: It will primarily focus on replicating its benchmark index, the CNX Nifty Index, by contributing in the stocks of India’s 50 best-known companies in the same proportion. Its main strategy is to invest the assets in weightages that are equal or closest to the proportions of these stocks in the CNX Nifty Index in order to lower the tracking error as well as the industry-specific or company specific risks.

    Ideal for: Persons willing to get long-term capital appreciation at medium risk through investing in the equity securities of the top 50 Indian companies, especially equity-investment beginners who either don’t have time to track the actively managed funds or don’t have the experience to assess individual stocks.

    Benchmark Index

    Nifty 50 TRI

    Total Expense Ratio

    1.20% - Direct Plan

    1.70% - Regular Plan

    Minimum Investment

    Rs.5,000 and multiples of Re.1 thereafter

    Entry Load

    Not Applicable

    Exit Load

    • Up to any amount (including SIP)

    0.5% - If the unitholder makes an exit on or before 180 days from the allotment date

    • Nil - If the unitholder makes an exit after 180 days from the allotment date

    Risk Factor

    Moderately High

    Fund Manager

    Mr. Prasanna Pathak managing from 30 June 2017

  11. Taurus Starshare (Multi Cap) Fund
  12. Type of Fund: This is an open-ended equity growth scheme which capitalises on the stocks of the best-performing star companies across sectors while also investing some part of its corpus in the stocks of mid-cap and small-cap funds.

    Investment Objective: Taurus Starshare (Multi Cap) Fund focuses on providing capital appreciation to the investors over a long-term investment horizon by predominantly investing in a diverse portfolio of equity and equity-related securities of the large, mid-sized, and small-cap companies in India. The prime motto of this fund is to invest in a mix of companies from multiple sectors thereby maximising returns, while balancing risk.

    Ideal for: It is ideal for investors who have a higher tolerance for risk and want to generate high returns over the years by making investments predominantly in companies which are the star performers in their respective sectors.

    Benchmark Index

    S&P BSE 500 TRI

    Total Expense Ratio

    2.43% - Direct Plan

    2.56% - Regular Plan

    Minimum Investment

    Rs.5,000 and multiples of Re.1 thereafter

    Entry Load

    Not Applicable

    Exit Load

    • Up to any amount (including SIP):

    0.5% - If the investor makes an exit on or before 180 days from the allotment date

    • Nil - If the investor makes an exit after 180 days from the allotment date

    Risk Factor

    Moderately High

    Fund Manager

    Mr. Prasanna Pathak managing from 30 June 2017

  13. Taurus Banking & Financial Services Fund
  14. Type of Fund: It is a diversified open-ended, theme-based equity fund which strives to offer capital growth to the investors over a long investment period.

    Investment Objective: The main purpose of this scheme from Taurus Mutual Fund is to derive long-term capital appreciation via an investment portfolio which primarily invests in equity and equity-linked securities of the financial, banking, and non-banking financial companies which are a part of the BFSI Sector.

    Ideal for: This scheme will work best for individuals with long-term investment outlook who are willing to capitalise on the high potential of the banking and financial services sector in India, and have a high risk appetite.

    Benchmark Index

    S&P BSE Bankex TRI

    Total Expense Ratio

    1.82% - Direct Plan

    2.67% - Regular Plan

    Minimum Investment

    Rs.5,000 and multiples of Re.1 thereafter

    Entry Load

    Not Applicable

    Exit Load

    • Up to any amount (including SIP):

    0.50% - If the scheme is exited on or before 7 days from the allotment date

    • Nil - If the scheme is exited after 7 days from the allotment date

    Risk Factor

    High

    Fund Manager

    Mr. Prasanna Pathak managing from 30 June 2017

ELSS

Equity Linked Savings Scheme or ELSS is a diverse equity mutual fund which is eligible for tax exemptions under Section 80C of the Income Tax Act. This popular mutual fund scheme offers dual benefits to the investors. While on one hand it generates capital appreciation, on the other hand, it allows the investors to enjoy tax-savings benefits. The lock-in period for this type of fund is 3 years. Taurus Mutual Fund offers only one scheme under this category.

  1. Taurus Tax Shield
  2. Type of Fund: This is an open-ended equity-linked savings scheme which provides tax saving benefits to the investors along with growth opportunity from equity market investments.

    Investment Objective: This scheme aims to offer long-term capital appreciation to the investors throughout its entire span via investments made in the highly potent equity share market while also enabling them to save a significant amount of tax under Section 80C of the Income Tax Act. Under this mutual fund scheme, an investor can save up to Rs.46,350 with other Sec 80C benefits.

    Ideal for: Individuals who want to invest in equity stocks with an intent to grow their investments over a long-term while also enjoying tax saving benefits under Section 80C.

    Benchmark Index

    S&P BSE 200 TRI

    Total Expense Ratio

    1.87% - Direct Plan

    2.47% - Regular Plan

    Minimum Investment

    Rs.500 and multiples of Rs.500 thereafter

    Entry Load

    Not Applicable

    Exit Load

    NA (lock-in period of 3 years) - Up to any amount including SIP

    Risk Factor

    Moderately High

    Fund Manager

    Mr. Prasanna Pathak managing from 30 June 2017

Liquid Funds

Liquid funds are debt mutual funds which primarily invest in money market securities or short-term debt instruments like commercial papers, certificate of deposits, term deposits, and treasury bills for giving moderate investment returns at a low associated risk. These debt funds typically come with a low maturity period. Taurus Mutual Fund has one liquid fund scheme in its product basket.

  1. Taurus Liquid Fund
  2. Type of Fund: It is an open-ended liquid scheme which makes predominant investments in money market instruments and short-term high-quality debts in order to generate short-term capital appreciation as well as current income for the investors.

    Investment Objective: It aims to offer reasonable income to the investors on a regular basis with low associated risk and high liquidity level by means of making investments in a portfolio majorly comprising of money market instruments and high-quality, short-term debt.

    Ideal for: It is ideal for persons and corporates who wish to get quick liquidity and more than average returns from their extra money over a short investment period of 91 days.

    Benchmark Index

    Crisil Liquid Fund Index

    Total Expense Ratio

    0.20% - Direct Plan

    0.32% - Regular Plan

    Minimum Investment

    Rs.5,000 and multiples of 1 thereafter

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Risk Factor

    Low

    Fund Manager

    Mr. Dheeraj Singh managing from 30 June 2017

Documents Required for Investing in Taurus Mutual Fund

For investing in any of the schemes under Taurus Mutual Fund, the investor has to download, fill up, and submit the application form meant for the specific fund scheme. The forms can be one or more than one depending on the nature and type of investment that you are going to make. Beside this, you have to submit several other documents to make yourself KYC compliant.

KYC Documentation

According to the Securities and Exchange Board of India (SEBI) guidelines, every mutual fund company in India needs to follow the Know Your Customer (KYC) norms. Hence, people who are interested to invest in the Taurus mutual fund schemes are required to comply with the Know-Your-Customer (KYC) guidelines. Whichever scheme they might opt for, it is a mandatory criterion for any investor to update their KYC related information.

The KYC applicability and requirements of Taurus Mutual Fund schemes are as follows:

  • PAN-based Standard KYC applicability

To complete the KYC procedure, it is mandatory to register the Permanent Account Number (PAN). The PAN-based KYC updation is applicable for all the categories of clients and any amount invested with Taurus Mutual Fund. PAN registration for KYC compliance can be done through the fund house, broker, or any Securities and Exchange Board of India (SEBI) intermediary.

Required documents for individuals -

  • KYC application form which can be downloaded from www.cvlkra.com.
  • The original PAN card along with a photocopy for verification.
  • Identification proof: Driving Licence/Voter’s ID/Passport/Telephone or Electricity Bill/Ration Card/Latest Bank Passbook or A/c Statement/Ration Card/Latest Demat Account Statement/ Registered Lease or Sale Agreement of residence (photocopy of any one).
  • Address proof: Voter ID card/Driving Licence/Passport in lieu of PAN. If the photo identification documents contain the customer’s address, a separate proof of address is not required (photocopy of any one).

Note - The documentation criteria for non-individuals is different. You will get all the details about the required documents on the reverse side of the KYC application form.

Non-PAN-based KYC applicability

Even though registration of PAN is a mandate for mutual fund investment, there are certain types of transactions and customers for whom PAN-based KYC applicability is not obligatory. In these instances, the common standard KYC through CVL will not be applicable. In these types of special cases, the customers are required to submit the following documents and their KYC will be looked after by the RTA and AMCs directly:

Required documents -

  • KYC application form: You can download this form from the official website of www.cvlkra.com.
  • Identification proof: Voter ID card/Driving Licence/Passport in lieu of PAN/Government or Defense ID card/Card of reputed employer/ (Photocopy of any one).
  • Address proof: Voter ID card, Driving Licence, Passport in lieu of PAN. If the photo identification documents contain the customer’s address, a different address proof is not required (Photocopy of any one).
  • Supporting documents: A copy of the supporting documents need to be self-attested by the customer or should be attested by the ARN holder along with the ARN number or attested by any other authority which is competent for the same. For more details regarding the documentation, refer to Annexure I of the AMFI Guidelines for Uniform Implementation no. 35P/MEM-COR/4/09-10 dated July 14, 2009 and (Annexure II) of the Revised guidelines.

The KYC procedure for investing in Taurus Mutual Fund can be done either online or through physical submission of the documents. For the online KYC process, the PAN/Aadhaar number of the investor should be submitted first for the system to verify the details. After the verification of the details, the customers can start with their investment. However, in the offline KYC updation process, investors need to download the KYC form from the portal of its intermediary CDSL Ventures Limited. To update their KYC, the investors can also choose other intermediaries namely NSDL, CAMS KRA, Karvy Data Management, and NSE KRA. After filling up the downloaded form with all the required details, the investor has to submit it to the nearest Taurus Mutual Fund branch along with the above-mentioned documents and one latest colour photograph in stamp size: 3.5 cm x 2.5 cm.

The investors need to produce the original copy of the documents mentioned above while submitting the form for verification. The KYC updation process needs to be done only once and when it is complete the customers can invest in any of the mutual fund schemes of Taurus Mutual Fund or of any fund house. If there is any change of address, contact number, or any other KYC details, the investor just has to update it.

Who can invest in Taurus Mutual Fund?

The individuals or entities who are eligible to invest in the various mutual fund schemes of Taurus Mutual Fund are as follows:

  • Adult individuals who are lawfully the residents of India
  • Minors through their parent or legal guardians (in such cases, parents/guardians have to apply on behalf of the minors)
  • Karta of Hindu Undivided Family (HUF)
  • Companies, corporate bodies, Public Sector Undertakings (PSUs), Co-operative societies which have registration under the Co-operative Societies Act, 1912, and Societies which have registration under the Societies Registration Act, 1860
  • Limited Liability Partnerships (LLPs) and Partnership Firms
  • Financial organisations and banks
  • Religious and charitable trusts, Wakfs or endowments of private trusts, and private trusts
  • Mutual funds or other investment funds which have registrations with the Securities and Exchange Board of India (SEBI)
  • Foreign Portfolio Investors (FPIs) and Foreign Institutional Investors (FIIs) who are registered with SEBI
  • Persons of Indian Origin (PIOs), Non-Resident Indians (NRIs), and Overseas Citizens of India (OCI) on repatriation or non-repatriation basis
  • Air Force, Navy, Army, and other paramilitary bodies
  • Council of Scientific and Industrial Research, India
  • Reserve Bank of India (RBI) and Government of India approved Bilateral Dev. Corp. Agencies or Multilateral Financial Institutions or Corporate Bodies which are incorporated outside India

How to Invest in Taurus Mutual Fund Schemes?

In order to invest in the mutual fund schemes of Taurus Mutual Fund online, an investor needs to visit the official website of the company at https://www.taurusmutualfund.com/ and click on the ‘Transact Online’ option given on the bottom right of the page.

If the investor is investing in the schemes of Taurus Mutual Fund for the first-time then he/she has to follow a few steps to start investing. Here is the step-by-step process of investing in Taurus Mutual Fund schemes for the first-time investors:

  • The investor has to create a new Folio for which they have to visit the 'New Investor to Taurus Mutual Fund' or 'New Purchase' tab.
  • Next, the investor needs to select the Scheme/Option where he/she wants to invest and click on the 'Purchase to Proceed' button.
  • Once done, he/she is required to choose the scheme category and the preferred scheme from the given option in the drop-down list in the box present.
  • Then he/she have to choose the Investment mode, whether he/she wants to opt for a direct plan or a regular plan.
  • In the next step, the website will show the desired scheme where the investor has to click on the 'Purchase' option.
  • On the next page, the investor will be presented with the 'New Investor Application Form, which he/she has to fill up with all the necessary information to continue further.
  • Once the application form is filled up and submitted, the investor is ready to invest in the schemes of Taurus Mutual Fund.

Why Choose Taurus Mutual Fund?

There are a variety of reasons why an investor should consider making investments in the mutual fund schemes of Taurus Mutual Fund. Here are some of the vital reasons why you should pick the schemes of this particular fund house:

  • Well-designed schemes - Taurus Mutual Fund understands the value of performance and this is why all their schemes are well-designed to perform consistently thus creating wealth for the investors while also preserving it.
  • Professional assistance - Right from the beginning of the investment to strategizing your investment objective, you will get every assistance from the experienced professionals of Taurus Mutual Fund. Whether you want to know anything or are having any other investment concerns, you will find them with you at every step.
  • Hassle-free service - This fund house strives to provide hassle-free and timely service to the investors. They believe in offering their customers a 'first-time’ resolution and this is why they try to provide top-notch services to the customers throughout the entire course of investment. Right from the moment of investment the experts will be with you helping you at every single step.
  • Online investment option - While investing in the Taurus Mutual Fund Schemes you needn't visit the fund office as the entire process can be conducted online. You just have to submit all your particulars along with the relevant documents. Once your details are verified by the expert team, you can start with your investment.
  • Customised schemes - Taurus has a special mutual fund scheme for the investors who want to make investments following the guidelines of Shariah Law. This unique and customised scheme will allow the investors to generate income without deviating from their religious and ethical beliefs. Taurus Mutual Fund is among the few fund houses in India which provides such a unique scheme.
  • Tax benefits - Taurus Mutual Fund has a special tax-saving scheme through which the investors can not only enjoy returns from their surplus money but can also get the tax-saving benefits under the Section 80C of the Income Tax Act. The investors can save a significant amount of tax by investing in this scheme while also getting profits.
  • Professional customer support - Taurus has a high-quality customer support system backed up by a team of expert professionals. The investors can contact the executives regarding any query or concern through phone or mail to get quick solutions from the team of professionals.

It is known that the investments in mutual funds are prone to market fluctuations. Hence, it is mandatory for every investor to clearly understand the fund nature, objective and risk exposure before taking a final decision. It will be wise to take the guidance of the mutual fund advisors posted at the company or any other financial advisor before investing in any mutual fund scheme. With the right approach and smart strategy, you can derive optimum growth as well as income from your investment while also retaining the fund for a long-term.

Frequently Asked Questions

  1. Is Taurus Mutual Fund investment safe?
  2. It can’t be said with certainty that your mutual fund investments will be safe as mutual fund investments are subjected to market risk. However, the risk levels for all the mutual funds are not the same and it is important to understand the risk level of the scheme that you are investing in. The risk level of the fund will be mentioned in the fund objective and scheme-related documents. If you are investing in low-risk funds you will be exposed to low risk compared to the high-risk funds.

  3. What is Taurus Mutual Fund ‘Transact Online’ facility?
  4. ‘Transact Online’ is the online investment facility provided by Taurus Mutual Fund to the investors. By making use of this option, the investors can purchase, switch, or withdraw the fund units online at their own convenience without visiting the office directly. All the new and existing customers of Taurus Mutual Fund can avail the ‘Transact Online’ facility offered by them.

  5. Is it possible to redeem my proceeds online?
  6. Yes, it is possible to redeem the proceeds online. Taurus Mutual Fund has an online service called as ‘Transact Online’ through which you can apply to withdraw the proceeds. For redeeming the units you first have to log into your account and apply for a full or partial redemption. You will get a confirmation email on the email ID that you have registered at the time of purchase. You will receive the amount in your bank account in 3-4 business days. In certain cases, it might take a longer time.

  7. How to invest in an ELSS of Taurus Mutual Fund?
  8. You can invest in the ElSS of Taurus Mutual Fund online. At first, you have to download the application form from the company’s website and fill it up with all the required details. Next, submit it and provide all the mandated documents along with the form. One vital criterion to start investing in an ELSS fund is to make yourself KYC complaint. If you have any co-applicant then that person also needs to update their KYC to be eligible for ELSS investment. Once done, your account details will be sent to your registered email ID within 3-4 working days.

  9. Do I need to pay any amount for KYC compliance?
  10. No, you needn’t pay any amount to make yourself KYC complaint as KYC is done free of cost at present. Moreover, the KYC is a one-time process and once done you can invest in the mutual funds of any fund house.

  11. I am an NRI. How can I make myself compliant with the KYC norms?
  12. In order to make yourself KYC complaint, download the KYC form either from the website of the Taurus Mutual Fund or from the portal of AMFI and CDSL. After filling up the form along with all the mandated documents submit it at the Point of Sale (POS). At present, all the branches of Taurus Mutual Fund are functioning as the POS centres on behalf of CVL.

  13. Are there any special KYC requirements for the NRIs and PIOs?
  14. Yes, the NRIs and PIOs have to provide some additional documents while updating their KYC. Apart from the original copy of the passport, the NRIs also have to submit the certified true copy of their overseas address and permanent address. If any of the documents provided as identity or address proof is in a foreign language, the documents need to be translated into English before submission. Moreover, the documents need to be duly attested by the overseas branches of scheduled commercial banks or Consulate office having registrations in India.

    The same requirement is applicable to the PIOs as well. Besides, they also have to submit a certified copy of the PIO Card along with the other documents.

  15. Is it possible to appoint nominees in a Taurus Mutual Fund?
  16. Yes, it is possible to appoint nominees in a Taurus Mutual Fund if you are an individual investor. However, just like you, the nominees also have to be compliant with the KYC norms to be eligible to become a nominee.

  17. Is there an option to switch between different schemes?
  18. Yes, you will have the option to switch investments from one scheme to another within that fund. You can choose to shift your investment within the same folio on the condition that you fulfil the criteria mandated by the fund house for the same.

  19. How to get in touch with the customer support of Taurus Mutual Fund?
  20. If you have any issues or queries relating to any schemes of Taurus Mutual Fund, you can get in touch with the customer care department through call, mail, or fax. To inquire about all the schemes of Taurus Mutual Fund, send a mail to customercare@taurusmutualfund or give a call on their toll-free number +9122 6624 2700 or fax them on +91 22 66242777. You can also visit the nearest branch of Taurus Mutual Fund company to get in touch with the representatives.

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