Taurus Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 06-09-2024
₹ 55.56
1D
Inception Returns
12.8%
/yr
About the Fund
Taurus Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Taurus Banking & Financial Services Fund Direct Growth has ₹11 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
- The fund has an expense ratio 1.8.
Returns
Taurus Banking & Financial Services Fund Direct Growth has given a CAGR return of 12.77% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.82%, 14.16% and 16.24% respectively.
Holdings
Taurus Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, State Bank of India, Axis Bank Ltd, Bank of India
Taxation
As it is a sector - financial services mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Taurus Banking & Financial Services Fund Direct Growth
The primary objective of the Scheme is to generate capital appreciation through a portfolio that invests predominantly in equity and equity related instruments of Banking, Financial and Non Banking Financial Companies that form a part of the BFSI Sector.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. Taurus Banking & Financial Services Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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4 people have invested ₹ 4.6K in Taurus Banking & Financial Services Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
3Y returns in the bottom 25% of the category
Fund Overview
| Expense ratio | 1.78% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹11 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 50.81% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (06-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
77.4%
Mid cap
14.4%
Small cap
7%
Sector Allocation
Financial Services
97.8%
Tech
2.2%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 0.98% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund underperformed Nifty 500 by 2.55% in Jul'24
- AUM of the fund stands at 11.2 Cr as of Jul'24
- AUM has remained same between Jul'24 and Jun'24
Top Stocks bought last month
Prudent Corporate Advisory Services Ltd's allocation increased from 2.26% to 2.74%
Computer Age Management Services Ltd Ordinary Shares's allocation increased from 1.73% to 2.17%
The Federal Bank Ltd's allocation increased from 2.7% to 3.06%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 19.33 % to 18.57 %
Axis Bank Ltd's allocation decreased from 10.3 % to 9.49 %
IndusInd Bank Ltd's allocation decreased from 3.45 % to 3.36 %
Cash allocation has gone down from 1.8% to 1.1%
Top 2 Sectors in July were Financial Services, Tech
Jul'24
Financial Services
98%
Tech
2%
Jun'24
Financial Services
98%
Tech
2%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 18.57% | 0% | |
 ICICI Bank Ltd | 18.23% | 0% | |
 State Bank of India | 12.92% | 0% | |
 Axis Bank Ltd | 9.49% | 0% | |
 Bank of India | 6.48% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 UTI Asset Management Company Ltd | 29.7% |
 Bajaj Holdings & Investment Ltd | 18.6% |
 ICICI Bank Ltd | 5.9% |
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Fund House
Taurus Asset Management Company Limited
Total Schemes
Total AUM
₹713.22 Cr
as on 31-Jul-2024
Address
Taurus Asset Management Company Limited,Ground Floor, AML Centre-1,,8 Mahal Industrial Estate, Mahakali Caves Rd.,,Andheri(East)
Phone
+912266242700
Website
info@taurusmutualfund.com
Mutual Fund Insights
In the last 1 year, Quant BFSI Fund Direct Growth has given 49.34% return, outperforming this fund by 27.52%.
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 21.1% return, outperforming this fund by 4.86% per annum.
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 20.21% return, outperforming this fund by 6.05% per annum.
Taurus Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 12.77% since inception which is less than its category average return of 16.69%
Fund Allocations
This fund has an allocation of 98.86% in Equity, 0% in Debt and 1.14% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 1664 Cr
Expense Ratio 1.78%
This fund has an expense ratio of 1.78% which is more than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Taurus Banking & Financial Services Fund Direct Growth is ₹55.56 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
Taurus Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.74% | 2.74% |
6 Month Returns | 6.11% | 6.11% |
1 Year Returns | 21.82% | 21.82% |
3 Years Returns | 48.79% | 14.16% |
5 Years Returns | 112.22% | 16.24% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
1.78% as on August 2024
₹11 Cr as on August 2024
HDFC Bank Ltd(18.57%), ICICI Bank Ltd(18.23%), State Bank of India(12.92%), Axis Bank Ltd(9.49%), Bank of India(6.48%) as on August 2024
The alpha ratio for the Taurus Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Taurus Banking & Financial Services Fund Direct Growth | 6.38 | 2.17 | 2.49 |
As on August 2024
The alpha for Taurus Banking & Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Taurus Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Taurus Banking & Financial Services Fund Direct Growth | 0.8 | 0.9 | 0.88 |
As on August 2024
The Beta for Taurus Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Taurus Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Taurus Banking & Financial Services Fund Direct Growth | 1.32 | 0.61 | 0.54 |
As on August 2024
The sharpe ratio for Taurus Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Taurus Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Taurus Banking & Financial Services Fund Direct Growth | 11.87 | 14.92 | 23.94 |
As on August 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.06 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.36 as on August 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of Taurus Banking & Financial Services Fund Direct Growth is 1%