M O N T H L Y F A C T S H E E T F E B R U A R Y Schemes - Product Labeling

Transcription

1 TIMES M O N T H L Y F A C T S H E E T F E B R U A R Y Schemes - Product Labeling Name of the Scheme This product is suitable for Investors who are seeking* Riskometer Taurus Starshare An open - ended equity growth scheme Taurus Bonanza Fund An open - ended equity growth scheme Taurus Discovery Fund An open - ended equity growth scheme Taurus Nifty Index Fund An open - ended index linked equity scheme Long term capital appreciation Investment in equity & equity related instruments - multi-cap in nature Long term capital appreciation Investment in equity & equity related instruments - focus on large cap stocks Long term capital appreciation Investment in equity & equity related instruments through price discovery mechanism-mid cap in nature Long term capital appreciation Investment in equity securities by replicating Nifty 50 Taurus Tax Shield Long term capital appreciation An open - ended equity linked tax saving scheme Investment in equity & equity related instruments Taurus Ethical Fund An open - ended equity oriented scheme Taurus Infrastructure Fund An open - ended equity thematic scheme Taurus Banking & Financial Services Fund An open - ended sectoral equity scheme Taurus Dynamic Income Fund An open - ended income scheme Long term capital appreciation Investment in equity & equity related instruments based on the principles of Shariah Long term capital appreciation Investment in equity & equity related instruments of companies from Infrastructure Sector Long term capital appreciation Investment in equity & equity related instruments of companies from Banking & Financial sector Long term capital appreciation and current income with high liquidity Investment in Debt/ Money Market Instruments Low LOW Low Moderately Moderate Moderately High High HIGH Investors understand that their principal will be at moderately high risk Low LOW Low Moderately Moderate Moderately High HIGH Investors understand that their principal will be at high risk Low Moderately Moderate Moderately High High Low High LOW HIGH Investors understand that their principal will be at moderate risk Taurus Short Term Income Fund An open - ended bond scheme Medium term capital appreciation and current income with low volatility Investment in Debt/Money Market Instruments Low Moderately Moderate Moderately High Taurus Ultra Short Term Bond Fund An open - ended debt scheme Taurus Liquid Fund An open - ended liquid scheme Short term capital appreciation and current income with high liquidity & low volatility Investment in Debt/ Money Market Instruments Short term capital appreciation & current income with low risk & high liquidity Investment in Money Market Instruments /Short Term Debt Instruments upto a maturity of 91 days. Low LOW HIGH Investors understand that their principal will be at moderately low risk Low Moderately Moderate Moderately High High Low High LOW HIGH Investors understand that their principal will be at low risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Mutual Fund investments are subject to market risks, read all scheme related documents carefully

2 TAURUS STARSHARE - (AN OPEN-ENDED EQUITY SCHEME WITH A FOCUS ON MULTI CAP STOCKS) The basic objective of the Scheme is to provide long-term capital appreciation. Emphasis will be on sharing growth through appreciation as well as on distribution of income by way of dividend. Mr. Prasanna Pathak (w.e.f. June 30, 2017) Total work experience: 14 yrs January 29, 1994 S&P BSE 200 TRI Index renamed w.e.f. 01/02/2018 Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Exit Load - Upto any amount (Including SIP): 0.5% if exited on or before 180 days Nil if exited after 180 days Switch: Equity to Equity-Exit Load Nil, Equity to ELSS/Debt exit load applicable as mentioned above. ` 5000/- & multiples of ` 1/- thereafter. Sale & repurchase on all business days. Face Value `10/- Regular Plan: `73.18 (D), (G) per unit. Direct Plan: ` (D), (G) per unit. NAV Calculation: All Business days. Regular Plan: 2.56% Direct Plan: 2.42% Regular Plan : Sharpe Ratio: 0.36 Standard Deviation: Beta: 1.14 (Based on monthly returns over the past 3 years Mibor has been assumed as the risk-free rate of return) Portfolio Turnover: 2.91 's Comment: Scheme will remain oriented towards absolute ideas to generate its Alpha returns in the portfolio and it remains positive on themes like financial inclusion, formalization of economy, housing for all, agriculture and rural economy plays and increased government spend. Scheme will try to maintain a judicious blend of high quality large cap and mid-cap stocks. Name of the scrip Top 10 Holdings EQUITY SECTOR ALLOCATION % to Net Assets Larsen & Toubro Ltd Reliance Industries Ltd HDFC Bank Ltd Housing Development Finance Corporation Ltd Tata Consultancy Services Ltd Oracle Financial Services Software Ltd Apollo Tyres Ltd Tech Mahindra Ltd CEAT Ltd MRF Ltd Total Top 10 Holdings Total - Equity Cash & Cash Receivables 2.22 Software Banks Auto Ancillaries Construction Project Consumer Durables Consumer Non Durables Construction Auto Petroleum Products Finance Media & Entertainment Pharmaceuticals Ferrous Metals Industrial Capital Goods Cement Transportation Retailing Gas Minerals/Mining Chemicals Non - Ferrous Metals Textile Products Industrial Products Month & Year Regular Plan Direct Plan Gross Dividend per unit(`) Gross Dividend Per unit(`) January December November Pursuant to payment of dividend, the NAV of the Scheme will fall to the extent of the dividend and statutory levy, if any. Past performance may or may not be sustained in the future. All dividends are on face value of `10 per unit. For complete details of the dividend declared please log on to ww.taurusmutualfund.com 1

3 TAURUS ETHICAL FUND - (AN OPEN-ENDED EQUITY ORIENTED SCHEME) To provide capital appreciation and income distribution to unitholders through investment in a diversified portfolio of equities, which are based on the principles of Shariah. Mr. Prasanna Pathak (w.e.f. June 30, 2017) Total work experience: 14 yrs April 6, 2009 S&P BSE 500 Shariah TRI Index renamed w.e.f. 01/02/2018 Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Exit Load - Upto any amount (Including SIP): 0.5% if exited on or before 180 days Nil if exited after 180 days Switch: Equity to Equity-Exit Load Nil, Equity to ELSS/Debt exit load applicable as mentioned above. ` 5000/- & multiples of ` 1/- thereafter. Sale & repurchase on all business days. Face Value `10/- Regular Plan: ` (D), (G) (B) per unit. Direct Plan: ` (D), (G) (B) per unit. Note : Bonus option discontinued for fresh / additional subscription w.e.f. 15/06/2015 NAV Calculation: All Business days. Regular Plan: 2.68% Direct Plan: 1.93% Regular Plan : Sharpe Ratio: 0.39 Standard Deviation: Beta: 1.06 (Based on monthly returns over the past 3 years Mibor has been assumed as the risk-free rate of return) Portfolio Turnover: 1.60 's Comment: Portfolio composition has decisively moved towards absolute ideas with growth tailwinds. Portfolio is underweight in Pharma and IT sector while being overweight in Oil and Gas, Consumption and Capital Goods. Name of the scrip Top 10 Holdings EQUITY SECTOR ALLOCATION The scheme has not declared any dividend % to Net Assets Tata Consultancy Services Ltd Infosys Ltd CEAT Ltd Oracle Financial Services Software Ltd ABB India Ltd Gujarat State Petronet Ltd Page Industries Ltd NIIT Technologies Ltd Asian Paints Ltd Ultratech Cement Ltd Total Top 10 Holdings Total - Equity Cash & Cash Receivables 2.91 Software Consumer Non Durables Auto Ancillaries Industrial Products Cement Gas Consumer Durables Industrial Capital Goods Pharmaceuticals Textile Products Finance Auto Non - Ferrous Metals Commercial Services Pesticides Transportation Construction Telecom - Equipment & Accessories Chemicals Media & Entertainment

4 TAURUS INFRASTRUCTURE FUND - (AN OPEN-ENDED EQUITY THEMATIC SCHEME) To provide capital appreciation and income distribution to unitholders by investing predominantly in equity and equity related securities of the companies belonging to infrastructure sector, it's related industries inclusive of suppliers of capital goods, raw materials and other supportive services to infrastructure companies and balance in debt and money market instruments. Mr. Prasanna Pathak (w.e.f. June 30, 2017) Total work experience: 14 yrs March 5, 2007 S&P BSE 200 TRI Index renamed w.e.f. 01/02/2018 Monthly Average AUM: ` 5.48 Cr. Month End AUM: ` 5.49 Cr. Exit Load % if exited on or before 7 days. Nil, if exited after 7 days Switch: Equity to Equity-Exit Load Nil, Equity to ELSS/Debt exit load applicable as mentioned above. ` 5000/- & multiples of ` 1/- thereafter. Sale & repurchase on all business days. Face Value `10/- Regular Plan: `24.77 (D), (G) per unit. Direct Plan: ` (D), (G) per unit. NAV Calculation: All Business days. Regular Plan: 2.66% Direct Plan: 2.06% Regular Plan : Sharpe Ratio: 0.66 Standard Deviation: Beta: 1.17 (Based on monthly returns over the past 3 years Mibor has been assumed as the risk-free rate of return) Portfolio Turnover: 1.91 's Comment: True to its mandate, the portfolio maintained its character for infrastructure themes. The recent effort in pushing massive infrastructure project has induced positive sentiments in the sector. The significant policy reforms in coal, gas, infrastructure and power sector is providing significant boost to the sector's future outlook. Infrastructure remains an important pillar of India growth story and we have strong conviction of its come back in near future. Sector has been under pressure since last few years due to multiple factors. We expect the sector to outperform in the coming times. Name of the scrip Top 10 Holdings EQUITY SECTOR ALLOCATION The scheme has not declared any dividend % to Net Assets Larsen & Toubro Ltd Reliance Industries Ltd Adani Enterprises Ltd AIA Engineering Ltd CESC Ltd Century Plyboards (India) Ltd JSW Steel Ltd Engineers India Ltd Indian Oil Corporation Ltd Power Grid Corporation of India Ltd Total Top 10 Holdings Total - Equity Cash & Cash Receivables 7.33 Construction Project Petroleum Products Industrial Products Ferrous Metals Power Consumer Durables Gas Trading Transportation Banks Industrial Capital Goods Construction Auto Auto Ancillaries Cement Non - Ferrous Metals Media & Entertainment Consumer Non Durables Finance Minerals/Mining Pharmaceuticals

5 TAURUS TAX SHIELD - (AN OPEN-ENDED EQUITY LINKED SAVING SCHEME (ELSS)) To provide long term capital appreciation over the life of the scheme through investment predominantly in equity shares, besides tax benefits. Mr. Prasanna Pathak (w.e.f. June 30, 2017) Total work experience: 14 yrs March 31, 1996 S&P BSE 200 TRI Index renamed w.e.f. 01/02/2018 Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Exit Load - Up to any amount (Including SIP) : NA (lock - in period of 3 years) Switch to any (Debt/Equity) schemes after 3 years; Exit Load : Nil. ` 500/- & multiples of ` 500/- thereafter. Sale on all business days. As per Income Tax Laws, the redemption facility is available after a lock-in period of 3 years from the date of investment. Face Value `10/- Regular Plan: ` (D), (G) per unit. Direct Plan: ` (D), (G) per unit. NAV Calculation: All Business days. Regular Plan: 2.47% Direct Plan: 1.87% Regular Plan : Sharpe Ratio: 0.68 Standard Deviation: Beta: 1.06 (Based on monthly returns over the past 3 years Mibor has been assumed as the risk-free rate of return) Portfolio Turnover: 3.04 's Comment: The scheme will try to invest in emerging themes in the next few years and play it through a blend of mid-cap and large cap stocks. For example, the Indian government's ambitious target of doubling farm income by 2022 should benefit stocks in the rural theme. Similarly, GST will lead to formalisation of economy and benefit sectors where the share of unorganised players is higher. Again, government's 'Housing for All' project will benefit cement, building material players and Housing Finance companies. The scheme will try to construct a portfolio in-and-around such emerging themes. Name of the scrip Top 10 Holdings EQUITY SECTOR ALLOCATION The scheme has not declared any dividend % to Net Assets HDFC Bank Ltd Larsen & Toubro Ltd Housing Development Finance Corporation Ltd Reliance Industries Ltd ICICI Bank Ltd MRF Ltd Tata Consultancy Services Ltd ITC Ltd CEAT Ltd NIIT Technologies Ltd Total Top 10 Holdings Total - Equity Cash & Cash Receivables 2.28 Software Banks Auto Ancillaries Finance Construction Project Construction Consumer Non Durables Petroleum Products Consumer Durables Media & Entertainment Pharmaceuticals Auto Non - Ferrous Metals Power Retailing Industrial Products Transportation Ferrous Metals Chemicals

6 TAURUS NIFTY INDEX FUND - (AN OPEN-ENDED INDEX LINKED EQUITY SCHEME) The investment objective of the scheme is to replicate the S&P Nifty 50 by investing in securities of the Nifty 50 in the same proportion/ weightage. Mr. Prasanna Pathak (w.e.f. June 30, 2017) Total work experience: 14 yrs June 19, 2010 Nifty 50 TRI Index renamed w.e.f. 01/02/2018 Monthly Average AUM: ` 0.42 Cr. Month End AUM: ` 1.52 Cr. Exit Load - Up to any amount (Including SIP ) 0.5% if exited on or before 30 days. Nil if exited after 30 days Switch: Equity to Equity-Exit Load Nil, Equity to ELSS/Debt exit load applicable as mentioned above. ` 5000/- & multiples of ` 1/- thereafter. Sale & repurchase on all business days. Face Value `10/- Regular Plan: ` (D), (G) per unit. Direct Plan: ` (D), (G) per unit. NAV Calculation: All Business days. Regular Plan: 1.70% Direct Plan: 1.20% Regular Plan : Sharpe Ratio: 0.37 Standard Deviation: Beta: 0.98 (Based on monthly returns over the past 3 years Mibor has been assumed as the risk-free rate of return) Portfolio Turnover: 1.32 Tracking Error : 0.57 's Comment: The index fund continues to track the performance of its benchmark indices Nifty. The fund portfolio consists of the stocks in the same weight as they are in the Nifty Index. The strategy of the investment is to mirror the index return by minimizing the tracking error with its benchmark. Name of the scrip Top 10 Holdings EQUITY SECTOR ALLOCATION The scheme has not declared any dividend % to Net Assets HDFC Bank Ltd Reliance Industries Ltd Housing Development Finance Corporation Ltd Infosys Ltd ITC Ltd ICICI Bank Ltd Larsen & Toubro Ltd Tata Consultancy Services Ltd Kotak Mahindra Bank Ltd Maruti Suzuki India Ltd Total Top 10 Holdings Total - Equity Cash & Cash Receivables 0.98 Banks Software Petroleum Products Auto Consumer Non Durables Finance Construction Project Pharmaceuticals Non - Ferrous Metals Power Cement Telecom - Services Oil Ferrous Metals Minerals/Mining Transportation Media & Entertainment Gas Telecom - Equipment & Accessories Pesticides Auto Ancillaries

7 TAURUS BONANZA FUND - (AN OPEN-ENDED EQUITY SCHEME WITH A LARGE CAP FOCUS) Taurus Bonanza Fund is an open-end growth scheme. The investment objective is to provide investors long-term capital appreciation. Investments shall be primarily in Equity and Equity related instruments that offer scope for long-term capital appreciation. The Fund will also be invested in debt and money market instruments. Mr. Prasanna Pathak (w.e.f. June 30, 2017) Total work experience: 14 yrs February 28, 1995 S&P BSE 100 TRI Index renamed w.e.f. 01/02/2018 Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Exit Load % if exited on or before 7 days. Nil, if exited after 7 days Switch: Equity to Equity-Exit Load Nil, Equity to ELSS/Debt exit load applicable as mentioned above. ` 5000/- & multiples of ` 1/- thereafter. Sale & repurchase on all business days. Face Value `10/- Regular Plan:` (D), (G) per unit. Direct Plan: ` (D), (G) per unit. NAV Calculation: All Business days. Regular Plan: 2.65% Direct Plan: 1.95% Regular Plan : Sharpe Ratio: 0.30 Standard Deviation: Beta: 0.99 (Based on monthly returns over the past 3 years Mibor has been assumed as the risk-free rate of return) Portfolio Turnover: 6.23 's Comment: Scheme has bias towards high quality large cap stocks with overweight position in BFSI and rural consumption plays. The sustained regulatory change and positive policy frame work coupled with economic recovery should prove to be tailwind for the stocks in the BFSI sector. The Indian government's ambitious target of doubling farm income by 2022 should benefit stocks in the rural theme. Increase in weight in the cyclical commodity sector is tactical in nature. Name of the scrip EQUITY SECTOR ALLOCATION Month & Year Regular Plan Direct Plan Gross Dividend per unit(`) Gross Dividend Per unit(`) January November July % to Net Assets Top 10 Holdings Tata Consultancy Services Ltd HDFC Bank Ltd Kotak Mahindra Bank Ltd Housing Development Finance Corporation Ltd HCL Technologies Ltd Reliance Industries Ltd ITC Ltd Tech Mahindra Ltd ICICI Bank Ltd GAIL (India) Ltd Total Top 10 Holdings Total - Equity Cash & Cash Receivables 7.11 Software Banks Auto Finance Consumer Non Durables Auto Ancillaries Petroleum Products Construction Project Transportation Gas Cement Media & Entertainment Construction Pharmaceuticals Oil Consumer Durables Ferrous Metals Pesticides Industrial Capital Goods Power Telecom - Services Non - Ferrous Metals Pursuant to payment of dividend, the NAV of the Scheme will fall to the extent of the dividend and statutory levy, if any. Past performance may or may not be sustained in the future. All dividends are on face value of `10 per unit. For complete details of the dividend declared please log on to

8 TAURUS DISCOVERY FUND - (AN OPEN-ENDED EQUITY FUND WITH MID CAP AND SMALL CAP FOCUS) The primary objective of the Scheme is to identify and select low priced stocks through price discovery mechanism, which would broadly include: To capitalise on available opportunity on growth potential offered by undervalued stocks, especially in the midcap and smallcap space. Such stocks being low priced and if dividend paying, decent dividend yield will give desired cushion in the volatile capital market. Many of such cases where investment will be made may be turnaround cases, therefore, greater potential for improvement in NAV. Mr. Prasanna Pathak (w.e.f. June 30, 2017) Total work experience: 14 yrs September 5, 1994 Nifty Free Float Midcap 100 TRI Index renamed w.e.f. 01/02/2018 Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Exit Load - Upto any amount (Including SIP): 0.5% if exited on or before 180 days Nil if exited after 180 days Switch: Equity to Equity-Exit Load Nil, Equity to ELSS/Debt exit load applicable as mentioned above. ` 5000/- & multiples of ` 1/- thereafter. Sale & repurchase on all business days. Face Value `10/- Regular Plan: ` (D), (G) per unit. Direct Plan: ` (D), (G) per unit. NAV Calculation: All Business days. Regular Plan: 2.68% Direct Plan: 2.33% Regular Plan : Sharpe Ratio: 0.79 Standard Deviation: Beta: 1.04 (Based on monthly returns over the past 3 years Mibor has been assumed as the risk-free rate of return) Portfolio Turnover: 4.02 's Comment: Scheme has bias towards undervalued mid-cap stocks with overweight position in BFSI, rural consumption plays, industrials and commodities. We have positioned our portfolio across these themes and companies that will have sustainable growth in coming years. We see larger upside to these ideas than some of the large well run efficient companies. Name of the scrip Top 10 Holdings EQUITY SECTOR ALLOCATION Month & Year Regular Plan Direct Plan Gross Dividend per unit(`) Gross Dividend Per unit(`) December % to Net Assets MRF Ltd Mahindra & Mahindra Financial Services Ltd NIIT Technologies Ltd Bajaj Electricals Ltd Jubilant Foodworks Ltd CEAT Ltd Firstsource Solutions Ltd KPIT Technologies Ltd Sobha Ltd Astral Poly Technik Ltd Total Top 10 Holdings Total - Equity Cash & Cash Receivables 4.42 Software Auto Ancillaries Industrial Products Pharmaceuticals Construction Consumer Non Durables Finance Consumer Durables Media & Entertainment Construction Project Hotels, Resorts And Other Recreational Activities Commercial Services Banks Retailing Industrial Capital Goods Power Chemicals Transportation Non - Ferrous Metals Textile Products Cement Trading Gas Ferrous Metals Petroleum Products Pursuant to payment of dividend, the NAV of the Scheme will fall to the extent of the dividend and statutory levy, if any. Past performance may or may not be sustained in the future. All dividends are on face value of `10 per unit. For complete details of the dividend declared please log on to

9 TAURUS BANKING & FINANCIAL SERVICES FUND-(AN OPEN-ENDED SECTORAL EQUITY SCHEME) 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. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns. Mr. Prasanna Pathak (w.e.f. June 30, 2017) Total work experience: 14 yrs May 22, 2012 S&P BSE Bankex TRI Index renamed w.e.f. 01/02/2018 Monthly Average AUM: ` 5.94 Cr. Month End AUM: ` 5.83 Cr. 's Comment: Our overcall call has been inspired by the revival of the demand in the areas of specific focus by Government. We have added few more NBFC's to take advantage of this. We have maintained a positive bias on Private Banks given their resilience to generate profitability in stressed times. In PSU banks the exposure has been restricted to larger players with relatively improving asset quality outlook and faster prospects of stabilisation. Name of the scrip Top 10 Holdings % to Net Assets HDFC Bank Ltd ICICI Bank Ltd Kotak Mahindra Bank Ltd IndusInd Bank Ltd Axis Bank Ltd Mahindra & Mahindra Financial Services Ltd City Union Bank Ltd Yes Bank Ltd The South Indian Bank Ltd The Federal Bank Ltd Total Top 10 Holdings Total - Equity Cash & Cash Receivables 1.50 Exit Load % if exited on or before 7 days. Nil, if exited after 7 days Switch: Equity to Equity-Exit Load Nil, Equity to ELSS/Debt exit load applicable as mentioned above. ` 5000/- & multiples of ` 1/- thereafter. Sale & repurchase on all business days. Face Value `10/- EQUITY SECTOR ALLOCATION Banks Regular Plan: ` (D), 21.96(G) per unit. Direct Plan: ` (D), (G) per unit. NAV Calculation: All Business days. Regular Plan:2.67% Direct Plan: 1.82% Finance Regular Plan : Sharpe Ratio: 0.33 Standard Deviation: Beta: 0.92 (Based on monthly returns over the past 3 years Mibor has been assumed as the risk-free rate of return) The scheme has not declared any dividend Portfolio Turnover:

10 TAURUS ULTRA SHORT TERM BOND FUND - (AN OPEN-ENDED DEBT SCHEME) To generate returns with higher liquidity and low volatility from a portfolio of money market and debt instruments. However, there is no assurance that the investment objective of the scheme will be realised. Mr. Dheeraj Singh - (w.e.f. June 30, 2017) Total work exp. 24 yrs December 1, 2008 Name of the scrip Industry / Rating % to Net Assets CBLO The Clearing Corporation of India Ltd Total - CBLO Cash & Cash Receivables Crisil Liquid Fund Index Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Exit Load - NIL Switch to any (Debt/Equity) schemes; Exit Load Nil ` 5000/- & multiples of ` 1/- thereafter. Sale & repurchase on all business days. Face Value `10/- Regular Plan: Retail ` (D), (G), (W) per unit. Super Institutional ` (D), (G), (W) per unit. Direct Plan: Super Institutional ` (D), (G), (W) per unit. NAV Calculation: All Business days. Regular Plan: 0.87% Direct Plan: 0.22% Portfolio Yield : 5.67% Average Maturity Period: years Modified Duration : years The scheme has not declared any dividend Asset Allocation CBLO Cash & Cash Receivables Rating Profile CBLO Cash & Cash Receivables Note: With reference to our Notice cum Addendum dated October 30, 2017, all subscriptions including SIP/STP/Switch - in applications have been re-opened w.e.f. November 01,

11 TAURUS LIQUID FUND - (AN OPEN-ENDED LIQUID SCHEME) To generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of money market securities and high quality debt. Mr. Dheeraj Singh - (w.e.f. June 30, 2017) Total work exp. 24 yrs Name of the scrip Industry / Rating % to Net Assets CBLO The Clearing Corporation of India Ltd Total - CBLO Cash & Cash Receivables 2.16 August 31, 2006 Crisil Liquid Fund Index Monthly Average AUM: ` 8.38 Cr. Month End AUM: ` 8.31 Cr. Exit Load - NIL Switch to any (Debt/Equity) schemes; Exit Load Nil ` 5000/- & multiples of ` 1/- thereafter. Sale & repurchase on all business days. Face Value `1000/- Face Value changed from `10 to `1000 w.e.f. 20/02/2010. Historical NAV adjusted as per new Face value of `1000 Regular Plan: Retail ` (D), (G), per unit. Super Institutional ` (D), (G), (W) per unit. Direct Plan: Super Institutional ` (D), (G), (W) per unit. NAV Calculation: All Calender days. Institutional and Super Institutional plan introduced w.e.f. 26/09/2008. Retail & Institutional Plans discontinued for fresh subscription /additional purchase /switch-in w.e.f. 01/10/2012 Regular Plan: 0.30% Direct Plan: 0.18% Portfolio Yield : 5.67% Average Maturity Period: years Asset Allocation CBLO Cash & Cash Receivables Rating Profile CBLO Cash & Cash Receivables Modified Duration : years The scheme has not declared any dividend. Note: With reference to our Notice cum Addendum dated October 30, 2017, all subscriptions including SIP/STP/Switch - in applications have been re-opened w.e.f. November 01,

12 TAURUS SHORT TERM INCOME FUND - (AN OPEN-ENDED BOND SCHEME) To generate income and capital appreciation with low volatility by investing in a diversified portfolio of short term debt and money market instruments. Mr. Dheeraj Singh - (w.e.f. June 30, 2017) Total work exp. 24 yrs Name of the scrip Industry / Rating % to Net Assets CBLO The Clearing Corporation of India Ltd Total - CBLO Cash & Cash Receivables 1.75 August 18, 2001 Crisil Short Term Bond Fund Index Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Exit Load - Upto any amount (Including SIP): 0.25% if exited on or before 30 days Nil if exited after 30 days Switch to any (Debt/Equity) schemes - exit load applicable as mentioned above ` 5000/- & multiples of ` 1/- thereafter. Sale & repurchase on all business days Asset Allocation Cblo Cash & Cash Receivables Rating Profile CBLO Cash & Cash Receivables Face Value `1000/- Face Value changed from `10 to `1000 w.e.f. 26/04/2010. Historical NAV adjusted as per new Face value of ` 1000 Regular Plan: ` (D), (G) per unit. Direct Plan: ` (D), (G) per unit. NAV Calculation: All Business days. Regular Plan: 0.41% Direct Plan: 0.26% Month & Year Regular Plan Direct Plan Gross Dividend per unit(`) Gross Dividend Per unit(`) February January December Pursuant to payment of dividend, the NAV of the Scheme will fall to the extent of the dividend and statutory levy, if any. Past performance may or may not be sustained in the future. All dividends are on face value of `1000 per unit. For complete details of the dividend declared please log on to Portfolio Yield : 5.67% Average Maturity Period: years Modified Duration : years Note: With reference to our Notice cum Addendum dated October 30, 2017, all subscriptions including SIP/STP/Switch - in applications have been re-opened w.e.f. November 01,

13 TAURUS DYNAMIC INCOME FUND - (AN OPEN ENDED INCOME SCHEME) To generate optimal returns with high liquidity through active management of the portfolio by investing in Debt and Money Market Instruments. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns. Mr. Dheeraj Singh - (w.e.f. June 30, 2017) Total work exp. 24 yrs Name of the scrip Industry / Rating % to Net Assets CBLO The Clearing Corporation of India Ltd Total - CBLO Cash & Cash Receivables 0.16 Asset Allocation Rating Profile Feb 14, Crisil Composite Bond Fund Index Monthly Average AUM: ` 3.02 Cr. Month End AUM: ` 2.95 Cr. Exit Load - 1% if exited on or before 90 days - Nil if exited after 90 days Switch to any (Debt/Equity) schemes - exit load applicable as mentioned above CBLO Cash & Cash Receivables CBLO Cash & Cash Receivables ` 5000/- & multiples of ` 1/- thereafter. Sale & repurchase on all business days. Face Value `10/- Regular Plan: ` (D), (G) per unit. Direct Plan: ` (D), (G) per unit. NAV Calculation: All Business days. Regular Plan: 1.00% Direct Plan: 0.25% Month & Year Regular Plan Direct Plan Gross Dividend per unit(`) Gross Dividend Per unit(`) December September June Pursuant to payment of dividend, the NAV of the Scheme will fall to the extent of the dividend and statutory levy, if any. Past performance may or may not be sustained in the future. All dividends are on face value of `10 per unit. For complete details of the dividend declared please log on to Portfolio Yield : 5.67% Average Maturity Period: years Modified Duration : years Note: With reference to our Notice cum Addendum dated October 30, 2017, all subscriptions including SIP/STP/Switch - in applications have been re-opened w.e.f. November 01,

14 's Comment (Equity Schemes): Both the headline indices - Sensex & Nifty, ended lower by about 5% during the month. IT sector was the best performer, while Banking sector- especially PSU Banks, was the worst performer. Global markets witnessed significant volatility in February 2018 largely on the back of rising global yields. Indian markets followed global markets. Domestic dampeners included the announcement of long term capital gains on equities, the decision by Indian exchanges to ban overseas trading of Indian derivatives, and the revelation of a major scam at public sector bank. FPI were net sellers in Indian equities. However domestic flows provided support. Most macroeconomic indicators are suggesting sustained recovery, and earnings are also witnessing a pick up. However recent developments in the banking sector and global developments including the most recent announcement of trade wars are likely to weigh on market sentiment. Indian markets will continue to take cues from global markets, and are likely to trade in a range. SCHEME PERFORMANCE FUND MANAGER WISE () Mr. Prasanna Pathak Designation: - Equity Mr. Prasanna Pathak is PGDBM (Finance) from S.P. Jain, Mumbai with 14 years of experience Prior to joining Taurus Asset Management Co. Ltd, Prasanna Pathak was associated organizations like Hindustan Unilever as research analyst for 2 years, UTI Mutual Fund as Asst. & research analyst for 4.5 years, Taurus Mutual Fund as -Equity for 1.5 years & IndiaFirst Life as -Equity for 5.5 years Responsibilities: At Taurus Mutual Fund, he has been managing all the Equity Schemes Taurus Starshare - Regular Plan Scheme , , , , S&P BSE 200 TRI () , , , , Nifty 50 TRI (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : ) Taurus Starshare - Direct Plan Scheme , , , , S&P BSE 200 TRI () , , , , Nifty 50 TRI (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : ) Taurus Ethical Fund - Regular Plan Scheme , , , , S&P BSE 500 Shariah TRI () , , , , Nifty 50 TRI (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 49.86) Taurus Ethical Fund - Direct Plan Scheme , , , , S&P BSE 500 Shariah TRI () , , , , Nifty 50 TRI (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 51.83)

15 Taurus Infrastructure Fund - Regular Plan Scheme , , , , S&P BSE 200 TRI () , , , , Nifty 50 TRI (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 26.37) Taurus Infrastructure Fund - Direct Plan Scheme , , , , S&P BSE 200 TRI () , , , , Nifty 50 TRI (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 27.39) Taurus Tax Shield - Regular Plan Scheme , , , , S&P BSE 200 TRI () , , , , Nifty 50 TRI (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 76.16) Taurus Tax Shield - Direct Plan Scheme , , , , S&P BSE 200 TRI () , , , , Nifty 50 TRI (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 78.98) Taurus Nifty Index Fund - Regular Plan Scheme , , , , Nifty 50 TRI () , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : ) Taurus Nifty Index Fund - Direct Plan Scheme , , , , Nifty 50 TRI () , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : )

16 Taurus Bonanza Fund - Regular Plan Scheme , , , , S&P BSE 100 TRI () , , , , Nifty 50 TRI (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 72.17) Taurus Bonanza Fund - Direct Plan Scheme , , , , S&P BSE 100 TRI () , , , , Nifty 50 TRI (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 75.24) Taurus Discovery Fund - Regular Plan Scheme , , , , Nifty Free Float Midcap 100 TRI () , , , , Nifty 50 TRI (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 45.49) Taurus Discovery Fund - Direct Plan Scheme , , , , Nifty Free Float Midcap 100 TRI () , , , , Nifty 50 TRI (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 46.61) Taurus Banking & Financial Services Fund - Regular Plan Scheme , , , , S&P BSE Bankex Index TRI () , , , , Nifty 50 TRI (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 21.96) Taurus Banking & Financial Services Fund - Direct Plan Scheme , , , , S&P BSE Bankex Index TRI () , , , , Nifty 50 TRI (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 23.17) Past performance may or may not be sustained in the future. Returns are calculated on compounded annualised basis (CAGR). Based on the applicable NAV as on the last business day of the month/period. Returns are given separately for Regular & Direct Plan - Growth option. Different Plans have different expense structure. All the Equity schemes are managed by Mr. Prasanna Pathak w.e.f. June 30,

17 's Comment (Debt Schemes): Significant developments in February 2018 were as under: The union budget for financial year was presented in Parliament on Feb 1, Fiscal deficit for was pegged at 3.3% of GDP while the deficit figure for came in at 3.5% of GDP (against a budgeted figure of 3.2%). This was a clear evidence of fiscal slippage and the government missing its deficit targets. Gross market borrowing in the next financial year has been pegged at more than INR 6 trn. The government also announced that the minimum support price (MSP) of all eligible agri products would now be set at 1.5 times the cost of production. The monetary policy committee (MPC) of the Reserve Bank of India met early February to set policy interest rates. The committee decided to make no changes to any of the policy variables viz. the repo rate, the CRR and the SLR. All of them were kept unchanged. The decision was made through a 5-1 vote, with all members except for Mr. Michael Patra opting for the status quo. Inflation expectations for the second half of Fy18 were however raised marginally to 4.8% (on an average) from the earlier expected range of 4.3%-4.7%. Average Inflation inflation in Q4 of FY2018 is expected to be around 5.1%. Gross Value Added (GVA) is forecast to grow at 6.6% in FY18. This is lower than the 6.7% estimate that the committee had provided in its December 2017 policy statement. Economic growth for FY19 is estimated at 7.2%. Inflation based on the Consumer Price Index (CPI) for the month of January 2018 came in at 5.07%. This was in line with expectations and slightly lower than the 5.21% print seen in the previous month. Core CPI remained relatively stable at 5.10%. Inflation based on the Wholesale Price Index (WPI) came in at 2.84% for the month of January. This compares with the 3.58% print witnessed in the previous month. Annual growth in Index of Industrial Production (IIP) for December 2017 came in at a healthy 7.1%. This suggests that the economic recovery seems to be taking a firm foothold. India's trade deficit widened sharply to USD bn in January 2018 compared to USD 9.2 bn witnessed in the same month a year ago. Imports contracted by 2.9% to USD bn while exports contracted by a much larger 9.8% to USD bn. Punjab National Bank revealed a suspected fraud amounting to approx. USD 1.8 bn at one of its branches in Mumbai. This was related to unauthorized letters of undertakings for supplier financing in foreign locations granted to the jeweller Nirav Modi and the Gitanjali group of companies. Mr. Dheeraj Singh Designation: Head of Investments and - Fixed Income Mr. Dheeraj Singh is B.E (Hons), PGD in Management from IIM Bangalore with over 24 years of experience. Prior to that, he served as Head Fixed Income with Sundaram Asset Management Company. He has extensive experience of consultancy in Banking & Financial Service industry. Responsibilities: He is the Head - Investments for the all the Schemes of Taurus Mutual Fund. He monitors the Equity & Debt segment investments. Taurus Ultra Short Term Bond Fund - Regular Plan Scheme , , , , CRISIL Liquid Fund Index () , , , , CRISIL 1 Year T-Bill Index (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 1, ) 1, , , , Taurus Ultra Short Term Bond Fund - Direct Plan Scheme , , , , CRISIL Liquid Fund Index () , , , , CRISIL 1 Year T-Bill Index (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 1, ) 1, , , , Taurus Liquid Fund - Regular Plan Scheme , , , , Crisil liquid fund Index () , , , , CRISIL 1 Year T-Bill Index (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 1, ) 1, , , , Taurus Liquid Fund - Direct Plan Scheme , , , , Crisil liquid fund Index () , , , , CRISIL 1 Year T-Bill Index (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 1, ) 1, , , ,

18 Taurus Short Term Income Fund - Regular Plan Scheme , , , , Crisil Short Term Bond Fund Index () , , , , CRISIL 1 Year T-Bill Index (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 2, ) 2, , , , Taurus Short Term Income Fund - Direct Plan Scheme , , , , Crisil Short Term Bond Fund Index () , , , , CRISIL 1 Year T-Bill Index (Additional ) , , , , NAV [Rs.] Per Unit (as on February 28, 2018 : 2, ) 2, , , , Taurus Dynamic Income Fund - Regular Plan Scheme , , , , CRISIL Composite Bond Fund Index () , , , , CRISIL 10 year Gilt Index (Additional ) (1.45) 9, , , , NAV [Rs.] Per Unit (as on February 28, 2018 : ) Taurus Dynamic Income Fund - Direct Plan Scheme , , , , CRISIL Composite Bond Fund Index () , , , , CRISIL 10 year Gilt Index (Additional ) (1.45) 9, , , , NAV [Rs.] Per Unit (as on February 28, 2018 : ) Past performance may or may not be sustained in the future. Returns are calculated on compounded annualised basis (CAGR). Based on the applicable NAV as on the last business day of the month/period. Except in case of Taurus Liquid Fund where in returns are calculated on compounded annualised basis (CAGR). Based on the applicable NAV as on the last calendar day of the month/period. Returns are given separately for Regular & Direct Plan - Growth option. Different Plans have different expense structure. With reference to our Notice cum Addendum dated October 30, 2017, all subscriptions including SIP/STP/Switch - in applications have been re-opened w.e.f. November 01, All the Debt schemes are managed by Mr. Dheeraj Singh w.e.f. June 30,

19 SIP Returns in Equity Schemes () Taurus Starshare - Regular Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) Returns (S&P BSE 200 TRI) (% CAGR) Taurus Starshare - Direct Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) Returns (S&P BSE 200 TRI) (% CAGR) Taurus Ethical Fund - Regular Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) Returns (S&P BSE 500 Shariah TRI) (% CAGR) Taurus Ethical Fund - Direct Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) Returns (S&P BSE 500 Shariah TRI) (% CAGR) Taurus Infrastructure Fund - Regular Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) Returns (S&P BSE 200 TRI) (% CAGR) Taurus Infrastructure Fund - Direct Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) Returns (S&P BSE 200 TRI) (% CAGR) Taurus Tax Shield - Regular Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) Returns (S&P BSE 200 TRI) (% CAGR) Taurus Tax Shield - Direct Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) Returns (S&P BSE 200 TRI) (% CAGR)

20 Taurus Nifty Index Fund - Regular Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) Taurus Nifty Index Fund - Direct Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) Taurus Bonanza Fund - Regular Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) Returns (S&P BSE 100 TRI) (% CAGR) Taurus Bonanza Fund - Direct Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) Returns (S&P BSE 100 TRI) (% CAGR) Taurus Discovery Fund - Regular Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) (Nifty Free Float Midcap 100 TRI) Returns (% CAGR) Taurus Discovery Fund - Direct Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) (Nifty Free Float Midcap 100 TRI) Returns (% CAGR) Taurus Banking & Financial Services Fund - Regular Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) (S&P BSE Bankex TRI) Returns (% CAGR) Taurus Banking & Financial Services Fund - Direct Plan Total Amount Invested (Rs '000) Market Value as on Month End (Rs '000) Scheme Returns(% CAGR) (S&P BSE Bankex TRI) Returns (% CAGR) Past performance may or may not be sustained in the future. Returns are calculated on compounded annualised basis (CAGR). Based on the applicable NAV as on the last business day of the month/period. Returns are given separately for Regular & Direct Plan - Growth option. Different Plans have different expense structure. 19