Taurus Discovery Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 06-09-2024
₹ 135.81
1D
Inception Returns
19.1%
/yr
About the Fund
Taurus Discovery Midcap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Hardik Shah. The fund could potentially beat inflation in the long-run.
Key Parameters
- Taurus Discovery Midcap Fund Direct Growth has ₹140 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
- The fund has an expense ratio 2.3.
Returns
Taurus Discovery Midcap Fund Direct Growth has given a CAGR return of 19.06% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 30.49%, 21.77% and 27.70% respectively.
Holdings
Taurus Discovery Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Industrial, Communication, Health, Tech, Real Estate, Energy, Consumer Defensive, Utilities. Its top holdings are Bank of India, Astral Ltd, Vodafone Idea Ltd, CreditAccess Grameen Ltd Ordinary Shares, Igarashi Motors India Ltd
Taxation
As it is a mid-cap 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 Discovery Midcap Fund Direct Growth
The prime objective of the Scheme is to achieve long term capital appreciation by investing in a portfolio consisting of equity and equity related securities predominantly of mid cap companies.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. Taurus Discovery Midcap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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57 people have invested ₹ 63.1K in Taurus Discovery Midcap Fund Direct Growth in the last three months
INDmoney Rank
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IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
5Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category
Fund Overview
| Expense ratio | 2.27% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹140 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 113.02% |
| 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)
Mid cap
69.8%
Small cap
25.4%
Large cap
3.3%
Sector Allocation
Financial Services
23.3%
Consumer Cyclical
18.6%
Basic Materials
13.8%
Industrial
10.9%
Communication
9.2%
Health
7.1%
Tech
6.5%
Real Estate
3.3%
Energy
3.2%
Consumer Defensive
2.7%
Utilities
1.4%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 6.09% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 3.95% as on Jul'24
- This fund outperformed Nifty Midcap 150 by 2.14% in Jul'24
- AUM of the fund stands at 132 Cr as of Jul'24
- AUM has remained same between Jul'24 and Jun'24
Top Stocks bought last month
Vodafone Idea Ltd's allocation increased from 0.96% to 3.05%
Hindustan Petroleum Corp Ltd's allocation increased from 1.16% to 2.05%
Coforge Ltd's allocation increased from 1.68% to 2.43%
Top Stocks sold last month
Bank of India's allocation decreased from 4.69 % to 4.62 %
Astral Ltd's allocation decreased from 4.5 % to 3.12 %
CreditAccess Grameen Ltd Ordinary Shares's allocation decreased from 3.14 % to 2.97 %
Cash allocation has gone down from 2.1% to 1.4%
Top 3 Sectors in July were Financial Services, Consumer Cyclical & Basic Materials
Jul'24
Financial Services
23%
Consumer Cyclical
19%
Basic Materials
14%
Jun'24
Financial Services
24%
Consumer Cyclical
22%
Basic Materials
21%
Top Growth Drivers | 1M Return |
|---|---|
Inox Wind Energy Ltd | 44.6% |
 Igarashi Motors India Ltd | 29% |
 Oil India Ltd | 14.6% |
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Hardik Shah
Fund Manager of Taurus Discovery Midcap Fund Direct Growth, since 23 May 2022
Top funds managed
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, Motilal Oswal Midcap Direct Growth has given 61.89% return, outperforming this fund by 31.4%.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 39.13% return, outperforming this fund by 11.43% per annum.
This fund expense ratio is slightly on the higher side within the category (mid-cap). Its expense ratio is 2.27% which is higher than the category average expense ratio of 1.13%.
Over the last 6 months, this fund has experienced a 17.3% growth in AUM moving from 119.33 Cr to 140.02 Cr.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 38.4% return, outperforming this fund by 16.63% per annum.
Taurus Discovery Midcap 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 19.06% since inception which is less than its category average return of 20.5%
Fund Allocations
This fund has an allocation of 98.57% in Equity, 0% in Debt and 1.43% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 9355 Cr
Expense Ratio 2.27%
This fund has an expense ratio of 2.27% which is more than its category average expense ratio of 1.36%
Frequently Asked Questions
The current NAV of Taurus Discovery Midcap Fund Direct Growth is ₹135.81 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
Taurus Discovery Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.33% | 4.33% |
6 Month Returns | 14.71% | 14.71% |
1 Year Returns | 30.49% | 30.49% |
3 Years Returns | 80.57% | 21.77% |
5 Years Returns | 239.61% | 27.7% |
With INDmoney, the process of investing is very simple and involves zero commission.
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2.27% as on August 2024
₹140 Cr as on August 2024
Bank of India(4.62%), Astral Ltd(3.12%), Vodafone Idea Ltd(3.05%), CreditAccess Grameen Ltd Ordinary Shares(2.97%), Igarashi Motors India Ltd(2.9%) as on August 2024
Financial Services(23.01%), Consumer Cyclical(18.29%), Basic Materials(13.65%) as on August 2024
The alpha ratio for the Taurus Discovery Midcap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Taurus Discovery Midcap Fund Direct Growth | -8.18 | -3.58 | 0.09 |
As on August 2024
The alpha for Taurus Discovery Midcap Fund Direct Growth is calculated against S&P BSE Midcap TR 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 Discovery Midcap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Taurus Discovery Midcap Fund Direct Growth | 0.93 | 1 | 0.85 |
As on August 2024
The Beta for Taurus Discovery Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR 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 Discovery Midcap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Taurus Discovery Midcap Fund Direct Growth | 1.74 | 1.03 | 1.12 |
As on August 2024
The sharpe ratio for Taurus Discovery Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR 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 Discovery Midcap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Taurus Discovery Midcap Fund Direct Growth | 14.22 | 16.17 | 19.28 |
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 1.89 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Hardik Shah is the fund manager of Taurus Discovery Midcap Fund Direct Growth
The Exit load of Taurus Discovery Midcap Fund Direct Growth is 1%