Taurus MF launches FMP
Taurus Mutual Fund launched of a one month fixed maturity plan (series 1) with effect from Sep 23.
By ET Online |
MUMBAI: Taurus Mutual Fund launched of a one month fixed maturity plan (series 1) with effect from September 23. The plan will invest in high quality debt instruments such as bank certificate of deposits (CD).
The scheme is available till September 25. Minimum subscription for retail investors is Rs 5000 while it is pegged at Rs 10 lakh for the institutional investors. There is no entry load for this scheme. Exit load is one per cent for redemptions prior to maturity. The benchmark index for this scheme is the CRISIL liquid fund index.
The scheme is available till September 25. Minimum subscription for retail investors is Rs 5000 while it is pegged at Rs 10 lakh for the institutional investors. There is no entry load for this scheme. Exit load is one per cent for redemptions prior to maturity. The benchmark index for this scheme is the CRISIL liquid fund index.
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