Taurus MF launches open-ended Taurus Dynamic Income Fund

MUMBAI: Taurus Mutual Fund today announced the launch of - Taurus Dynamic Income Fund - an open-ended income scheme.

The new fund offering, which opened January 25, will close on February 8, Taurus Mutual Fund said in a statement here.

"Looking at the ongoing market volatility and in absence of a clear trigger for stability in near future, both institutional and retail investors are looking for an investment option to park their funds, which can reduce their investment risk and glide them through this volatility," Taurus Mutual Fund CEO Waqar Naqvi said.

The Fund will reduce investment risk and optimise returns by designing a portfolio, which will dynamically track interest rate movements and play on the shift or shape of yield curve to generate superior returns, he said.