Q U A R T E R L Y F A C T S H E E T J U N E Schemes - Product Labeling

Transcription

1 TIMES Q U A R T E R L Y F A C T S H E E T J U N E 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 MIP Advantage** An open - ended income scheme 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 and current income with high liquidity Investment in Fixed Income Securities, Gold ETF and Equity Instruments 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 HIGH Investors understand that their principal will be at high risk Low Moderately Moderate Moderately High Low High Taurus Short Term Income Fund An open - ended bond scheme Taurus Ultra Short Term Bond Fund An open - ended debt scheme Taurus Liquid Fund An open - ended liquid scheme Medium term capital appreciation and current income with low volatility Investment in Debt/Money Market Instruments 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 HIGH Investors understand that their principal will be at moderate risk Low Low Moderately Moderate Moderately High LOW HIGH Investors understand that their principal will be at moderately low risk Low Low Moderately Moderate Moderately High High High *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. LOW HIGH Investors understand that their principal will be at low risk (**Monthly Income is not assured and is subject to availability of distributable surplus. The term 'Advantage' has been used in terms of asset allocation and not in terms of returns/yield) Mutual Fund investments are subject to market risks, read all scheme related documents carefully

2 HOUSE OF TAURUS INDEX Page No. 1 TAURUS STARSHARE...3 (AN OPEN-ENDED EQUITY SCHEME WITH A FOCUS ON MULTI CAP STOCKS) 2 TAURUS INFRASTRUCTURE FUND...4 (AN OPEN-ENDED EQUITY THEMATIC SCHEME) 3 TAURUS ETHICAL FUND...5 (AN OPEN-ENDED EQUITY ORIENTED SCHEME) 4 TAURUS TAX SHIELD...6 (AN OPEN-ENDED EQUITY LINKED SAVING SCHEME (ELSS)) 5 TAURUS NIFTY INDEX FUND...7 (AN OPEN-ENDED INDEX LINKED EQUITY SCHEME) 6 TAURUS BONANZA FUND...8 (AN OPEN-ENDED EQUITY SCHEME WITH A LARGE CAP FOCUS) 7 TAURUS DISCOVERY FUND...9 (AN OPEN-ENDED EQUITY FUND WITH MID CAP AND SMALL CAP FOCUS) 8 TAURUS BANKING & FINANCIAL SERVICES FUND...10 (AN OPEN-ENDED SECTORAL EQUITY SCHEME) 9 TAURUS ULTRA SHORT TERM BOND FUND...11 (AN OPEN-ENDED DEBT SCHEME) 10 TAURUS LIQUID FUND...12 (AN OPEN-ENDED LIQUID SCHEME) 11 TAURUS SHORT TERM INCOME FUND...13 (AN OPEN-ENDED BOND SCHEME) 12 * TAURUS MIP ADVANTAGE...14 (AN OPEN-ENDED INCOME SCHEME) 13 TAURUS DYNAMIC INCOME FUND...15 (AN OPEN-ENDED INCOME SCHEME)

3 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. Sadanand Shetty - Total work exp. 21 yrs January 29, 1994 S&P BSE 200 Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Entry Load - NIL Exit Load - Upto any amount (Including SIP): 1% 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. Minimum Application Amount: ` 5000/- & multiples of ` 1/- thereafter. 's Comment: Scheme has witnessed changes in its sector positioning mirroring the evolving economic situation in India. There is realignment in the weights towards the sectors considered to be significantly benefitting from the cyclical changes as well fall in commodities prices. Scheme will remain oriented towards absolute ideas to generate its Alpha returns in the portfolio and it remains positive on the other investment opportunities in defence, railway and infrastructure and construction themes. Scheme has bias towards high quality large cap stocks with overweight position in BFSI sector. The sustained regulatory change and positive policy frame work coupled with economic recovery should prove to be tailwind for the stocks in the sector. Asset allocation has been increased towards the auto sector on the back increasing volumes and potential normal monsoon; this has been done partly allocating re allocation of gains from cement sector. Name of the scrip Top 10 Holdings EQUITY SECTOR ALLOCATION % to Net Assets HDFC Bank Ltd Infosys Ltd Housing Development Finance Corporation Ltd ITC Ltd Reliance Industries Ltd ICICI Bank Ltd Larsen & Toubro Ltd Tata Consultancy Services Ltd Ultratech Cement Ltd Bharat Electronics Ltd Total Top 10 Holdings Total - Equity Cash & Cash Receivables 2.06 Sale & repurchase on all business days. Banks Software Face Value `10/- Regular Plan: `63.01 (D), (G) per unit. Direct Plan: `63.26 (D), (G) per unit. Petroleum Products Finance Auto Consumer Non Durables Pharmaceuticals Regular Plan: 5.58% Direct Plan: 0.69% Power Cement Construction Project Industrial Capital Goods Gas Auto Ancillaries Regular Plan : Sharpe Ratio: 0.53 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) Fertilisers Transportation Telecom - Services Minerals/Mining Ferrous Metals Media & Entertainment Portfolio Turnover: 1.50 Healthcare Services DIVIDEND HISTORY The scheme has not declared any dividend in last three months 3

4 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. Sadanand Shetty - Total work exp. 21 yrs April 6, 2009 S&P BSE 500 Shariah Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Entry Load - NIL Exit Load - Upto any amount (Including SIP): 1% 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. Minimum Application Amount: ` 5000/- & multiples of ` 1/- thereafter. 's Comment: Portfolio composition has decisively moved towards absolute ideas with growth tailwinds. This is despite heavy composition of defensives in benchmark Index. This has caused increase of portfolio beta. Portfolio is underweight in FMCG, Pharma and IT sector. Re- alignment in the portfolio has been due to potential broad based recovery in the economy and consequent benefit to Industrial companies in the economy. Name of the scrip Top 10 Holdings EQUITY SECTOR ALLOCATION % to Net Assets Infosys Ltd Tata Consultancy Services Ltd Sun Pharmaceuticals Industries Ltd Ultratech Cement Ltd Maruti Suzuki India Ltd Indraprastha Gas Ltd Shree Cements Ltd Hero MotoCorp Ltd Asian Paints Ltd Motherson Sumi Systems Ltd Total Top 10 Holdings Total - Equity Cash & Cash Receivables 2.64 Software Pharmaceuticals Sale & repurchase on all business days. Consumer Non Durables Auto 8.35 Face Value `10/- Cement 7.63 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 Industrial Products Transportation Gas Auto Ancillaries Oil Chemicals 2.23 Regular Plan: 2.70% Direct Plan: 1.71% Minerals/Mining Consumer Durables Packaged Foods 1.47 Regular Plan : Sharpe Ratio: 1.02 Standard Deviation: Beta: 1.03 (Based on monthly returns over the past 3 years Mibor has been assumed as the risk-free rate of return) Portfolio Turnover: 2.21 Trading 1.39 Industrial Capital Goods 1.14 Healthcare Services DIVIDEND HISTORY The scheme has not declared any dividend in last three months 4

5 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. Sadanand Shetty - Total work exp. 21 yrs March 5, 2007 S&P BSE 200 Monthly Average AUM: ` 4.88 Cr. Month End AUM: ` 5.02 Cr. Entry Load - NIL Exit Load - Upto any amount (Including SIP): 1% 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. Minimum Application Amount: ` 5000/- & multiples of ` 1/- thereafter. Sale & repurchase on all business days. Face Value `10/- Regular Plan: `16.81 (D), (G) per unit. Direct Plan: ` (D), (G) per unit. Regular Plan: 2.70% Direct Plan: 1.28% Regular Plan : Sharpe Ratio: 0.51 Standard Deviation: Beta: 1.46 (Based on monthly returns over the past 3 years Mibor has been assumed as the risk-free rate of return) Portfolio Turnover: 2.41 '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 and power sector is providing significant boost to the sectors future outlook. Infrastructure remains an important pillar of India growth story and we have strong conviction of 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. There is no major change in portfolio construction. Name of the scrip Top 10 Holdings EQUITY SECTOR ALLOCATION % to Net Assets HDFC Bank Ltd Larsen & Toubro Ltd NTPC Ltd Axis Bank Ltd Petronet LNG Ltd Siemens Ltd Bharti Airtel Ltd Power Grid Corporation of India Ltd Reliance Industries Ltd Container Corporation of India Ltd Total Top 10 Holdings Total - Equity Cash & Cash Receivables 1.41 Banks Power Petroleum Products Construction Project Cement Industrial Capital Goods Gas Ferrous Metals Industrial Products Telecom - Services Transportation Minerals/Mining Non - Ferrous Metals Pharmaceuticals DIVIDEND HISTORY The scheme has not declared any dividend in last three months

6 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. Sadanand Shetty - Total work exp. 21 yrs March 31, 1996 S&P BSE 200 Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Entry Load - NIL 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. Minimum Application Amount: ` 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. Regular Plan: 2.70% Direct Plan: 1.15% Regular Plan : Sharpe Ratio: 0.56 Standard Deviation: Beta: 1.07 (Based on monthly returns over the past 3 years Mibor has been assumed as the risk-free rate of return) Portfolio Turnover: 1.54 's Comment: Scheme has witnessed changes in its sector positioning mirroring the evolving economic situation in India. There is realignment in the weights towards the sectors considered to be significantly benefitting from the cyclical changes as well fall in commodities prices. Banks have seen cut in the weights and oil and gas has seen an increase. Media and Entertainment sector has seen increase in weight and capital goods and engineering has seen a cut due to lack of revival in private sector capex programme. Scheme will remain oriented towards absolute ideas to generate its Alpha returns in the portfolio and it remains positive on the other investment opportunities in defence, railway and infrastructure and construction themes. Name of the scrip Top 10 Holdings EQUITY SECTOR ALLOCATION % to Net Assets Infosys Ltd HDFC Bank Ltd Housing Development Finance Corporation Ltd Reliance Industries Ltd ITC Ltd ICICI Bank Ltd Larsen & Toubro Ltd Piramal Enterprises Ltd Power Grid Corporation of India Ltd Bharat Petroleum Corporation Ltd Total Top 10 Holdings Total - Equity Cash & Cash Receivables 2.30 Banks Software Consumer Non Durables Petroleum Products Auto Finance Pharmaceuticals Power Cement Construction Project Telecom - Services Industrial Capital Goods Textile Products Auto Ancillaries Chemicals Construction Minerals/Mining Ferrous Metals Hotels, Resorts And Other Recreational Activities Consumer Durables Oil Non - Ferrous Metals DIVIDEND HISTORY The scheme has not declared any dividend in last three months 6

7 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. Sadanand Shetty - Total work exp. 21 yrs June 19, 2010 Nifty 50 Monthly Average AUM: ` 0.40 Cr. Month End AUM: ` 0.40 Cr. Entry Load - NIL 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. Minimum Application Amount: ` 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. Regular Plan: 1.50% Direct Plan: 0.84% Regular Plan : Sharpe Ratio: 0.41 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: 0.04 Tracking Error : 0.04 '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 % to Net Assets HDFC Bank Ltd Infosys Ltd ITC Ltd Housing Development Finance Corporation Ltd Reliance Industries Ltd ICICI Bank Ltd Tata Consultancy Services Ltd Larsen & Toubro Ltd Tata Motors Ltd Axis Bank Ltd Total Top 10 Holdings Total - Equity Cash & Cash Receivables 0.38 Banks Software Consumer Non Durables Auto Pharmaceuticals Finance Petroleum Products Construction Project Cement Power Telecom - Services Minerals/Mining Oil Transportation Media & Entertainment Ferrous Metals Gas Auto Ancillaries Non - Ferrous Metals Industrial Capital Goods Telecom - Equipment & Accessories DIVIDEND HISTORY The scheme has not declared any dividend in last three months

8 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. Sadanand Shetty - Total work exp. 21 yrs February 28, 1995 S&P BSE 100 Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Entry Load - NIL Exit Load - Up to any amount (Including SIP ): 1% 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. Minimum Application Amount: ` 5000/- & multiples of ` 1/- thereafter. 's Comment: Scheme has bias towards high quality large cap stocks with overweight position in BFSI sector. The sustained regulatory change and positive policy frame work coupled with economic recovery should prove to be tailwind for the stocks in the sector. Asset allocation has been increased towards the auto sector on the back increasing volumes and potential normal monsoon; this has been done partly allocating re allocation of gains from cement sector. Capital goods remain overweight position to take advantage impending recovery in the economy. Name of the scrip Top 10 Holdings EQUITY SECTOR ALLOCATION % to Net Assets HDFC Bank Ltd Infosys Ltd Housing Development Finance Corporation Ltd ITC Ltd Reliance Industries Ltd ICICI Bank Ltd Larsen & Toubro Ltd Tata Consultancy Services Ltd Tata Motors Ltd Axis Bank Ltd Total Top 10 Holdings Total - Equity Cash & Cash Receivables 2.03 Banks Sale & repurchase on all business days. Software Auto Petroleum Products Finance Face Value `10/- Consumer Non Durables 7.98 Regular Plan:` (D), (G) per unit. Direct Plan: ` (D), (G) per unit. Pharmaceuticals Industrial Capital Goods Power Regular Plan: 2.70% Direct Plan: 0.74% Regular Plan : Sharpe Ratio: 0.51 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: 2.05 Construction Project 3.59 Cement 2.60 Telecom - Services 2.28 Auto Ancillaries 1.55 Non - Ferrous Metals 1.38 Minerals/Mining 1.03 Ferrous Metals 1.03 Construction 0.89 Oil DIVIDEND HISTORY The scheme has not declared any dividend in last three months 8

9 TAURUS DISCOVERY FUND - (AN OPEN-ENDED EQUITY FUND WITH MID CAP AND SMALL CAP FOCUS) 9 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 penny stocks. Such stocks being low priced and if dividend paying, decent dividend yield will give desired cushion in the volatile capital market. Lower side risk is minimum in such investments. Many of such cases where investment will be made, may be turnaround cases, therefore, greater potential for improvement in NAV. Mr. Sadanand Shetty - Total work exp. 21 yrs September 5, 1994 Nifty Free Float Midcap 100 Index renamed w.e.f. 28/03/2016 Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Entry Load - NIL Exit Load - Upto any amount (Including SIP): 1% 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. Minimum Application Amount: ` 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. Regular Plan: 2.70% Direct Plan: 1.92% Regular Plan : Sharpe Ratio: 0.85 Standard Deviation: Beta: 1.11 (Based on monthly returns over the past 3 years Mibor has been assumed as the risk-free rate of return) Portfolio Turnover: 2.79 's Comment: We believe investment themes have expanded in India since the new government has come into the power and focussed on development and governance through its various reform agenda i.e. Defence, Railways, and Make in India, Swachh Bharat, Digital India, Tourism, Namami Gange and other specific initiatives. We are also enthused by the Governments effort to bring efficiency, transparency, governance in the business. We have positioned our portfolio across these themes and companies that will have sustainable growth in coming years. We see upside to these ideas to have much larger than some of the large well run efficient companies. Portfolio has added some tactical position in some good business with stressed out valuations. Name of the scrip Top 10 Holdings EQUITY SECTOR ALLOCATION % to Net Assets Bharat Electronics Ltd Bajaj Finance Ltd Piramal Enterprises Ltd Siemens Ltd Shree Cements Ltd Marico Ltd JSW Steel Ltd Max Financial Services Ltd Mahindra & Mahindra Financial Services Ltd CESC Ltd Total Top 10 Holdings Total - Equity Cash & Cash Receivables 2.13 Finance Pharmaceuticals Consumer Non Durables Industrial Capital Goods Banks Power Petroleum Products Auto Ancillaries Gas Cement Transportation Construction Project Ferrous Metals Textile Products Software Telecom - Services Fertilisers Oil Hotels, Resorts And Other Recreational Activities Non - Ferrous Metals Chemicals Consumer Durables Construction Auto DIVIDEND HISTORY The scheme has not declared any dividend in last three months

10 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. Sadanand Shetty - Total work exp. 21 yrs May 22, 2012 S&P BSE Bankex Monthly Average AUM: ` 6.61 Cr. Month End AUM: ` 6.68 Cr. Entry Load - NIL Exit Load - Upto any amount (Including SIP): 1% 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. Minimum Application Amount: ` 5000/- & multiples of ` 1/- thereafter. 's Comment: Portfolio has restricted its weight and presence to few quality PSU banks due to their vulnerable earnings profile. Fund continues to remain focussed on the private banks considering their resilience and larger link to retail exposure. Portfolio strategy is to build companies capable of delivering absolute alphas in volatile market recovery. Scheme has identified few NBFCs companies to take advantage of relatively better growth rate in retail assets and falling interest rate. Name of the scrip Top 10 Holdings EQUITY SECTOR ALLOCATION % to Net Assets HDFC Bank Ltd ICICI Bank Ltd Axis Bank Ltd Kotak Mahindra Bank Ltd State Bank of India 9.81 IndusInd Bank Ltd Yes Bank Ltd Bank of Baroda 3.27 L & T Finance Holdings Ltd Mahindra & Mahindra Financial Services Ltd Total Top 10 Holdings TOTAL - EQUITY CASH & CASH RECEIVABLES 2.27 Banks Sale & repurchase on all business days. Face Value `10/- Regular Plan: ` (D), (G) per unit. Direct Plan: ` (D), (G) per unit. Regular Plan:2.70% Direct Plan: 1.23% Finance 5.03 Regular Plan : Sharpe Ratio: 0.25 Standard Deviation: Beta: 0.94 (Based on monthly returns over the past 3 years Mibor has been assumed as the risk-free rate of return) DIVIDEND HISTORY The scheme has not declared any dividend in last three months Portfolio Turnover:

11 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. Archit Shah - Total work exp. 6.5 yrs December 1, 2008 Crisil Liquid Fund Index Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Entry Load - NIL Exit Load - NIL Switch to any (Debt/Equity) schemes; Exit Load Nil Minimum Application Amount: ` 5000/- & multiples of ` 1/- thereafter. Sale & repurchase on all business days. Face Value `10/- Regular Plan: Retail ` (D), (G), (W) per unit. Institutional ` (D) Super Institutional ` (D), (G), (W) per unit. Direct Plan: Super Institutional ` (D), (G), (W) per unit. 's Comment: condition improved significantly during the month and at the end of month deficit was 40 bn compared to 850 bn in the start of the month. RBI has been proactively infusing liquidity and which was even emphasized in RBI policy to reach neutral banking system liquidity over a period of time. One year CD closed the month at 7.45%, down ~5bps from last month's closing. Three month CD closed the month at 6.90%, down ~26bps from last month's closing. The steepening of the curve has led to huge rally in the shorter segment. We will look for opportunity to increase the maturity of the portfolio. We have been increasing/decreasing scheme maturity and will continue to do the same as and when we see the direction of the rates turn favorable for capital gains maintaining a judicious balance between bank and non-bank assets. Name of the scrip Industry / Rating % to Net Assets CD/CP Corporation Bank CRISIL A JM Financial Products Ltd. CRISIL A IIFL Wealth Finance Ltd. [ICRA]A HDFC Bank Ltd. IND A Cox & Kings Ltd. CARE A Bilt Graphic Paper Products Ltd. IND A Kotak Mahindra Bank Ltd. CRISIL A Housing Development Finance Corporation Ltd. CRISIL A Chambal Fertilisers and Chemicals Ltd. CRISIL A KEC International Ltd. [ICRA]A Axis Bank Ltd. CRISIL A Total CD/CP CBLO The Clearing Corporation of India Ltd Total - CBLO Treasury Bill 91 Day T-bill Sovereign Day T-bill Sovereign 0.17 Total - Treasury Bill 1.16 Cash & Cash Receivables Regular Plan: 1.10% Direct Plan: 0.42% Portfolio Yield : 7.44% Average Maturity Period: 0.18 years Modified Duration : 0.18 years Asset Allocation Commercial Paper Certificate Of Deposit CBLO Treasury Bill Cash & Cash Receivables Rating Profile A1+ CBLO Sovereign Cash & Cash Receivables 11

12 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. Archit Shah - Total work exp. 6.5 yrs August 31, 2006 Crisil Liquid Fund Index Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Entry Load - NIL Exit Load - NIL Switch to any (Debt/Equity) schemes; Exit Load Nil 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. Institutional ` (G) per unit. Super Institutional ` (D), (G), (W) per unit. Direct Plan: Super Institutional ` (D), (G), (W) per unit. 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 's Comment: condition improved significantly during the month and at the end of month deficit was 40 bn compared to 850 bn in the start of the month. RBI has been proactively infusing liquidity and which was even emphasized in RBI policy to reach neutral banking system liquidity over a period of time. The shorter end of the curve has rallied and is hovering around the repo rate. The CD supply being less on account of low credit growth has led to good spread compression in manufacturing CP's. We expect benign liquidity to persist in July. We would increase the maturity gradually as and when we get to see attractive levels. However, we will maintain a judicious balance between bank and non-bank assets. Name of the scrip Industry / Rating % to Net Assets CD/CP Axis Bank Ltd. CRISIL A Cox & Kings Ltd. CARE A KEC International Ltd. [ICRA]A Indiabulls Housing Finance Ltd. CRISIL A Vijaya Bank CARE A Tata Motors Finance Ltd. CRISIL A IIFL Wealth Finance Ltd. [ICRA]A Chambal Fertilisers and Chemicals Ltd. CRISIL A Punjab & Sind Bank [ICRA]A JM Financial Products Ltd. CRISIL A ECL Finance Ltd. CRISIL A RBL Bank Ltd. [ICRA]A Corporation Bank CRISIL A Fedbank Financial Services Ltd. CRISIL A Housing Development Finance Corporation Ltd. CRISIL A IDFC Bank Ltd. [ICRA]A IndusInd Bank Ltd. CRISIL A Export-Import Bank Of India CRISIL A IDBI Bank Ltd. CRISIL A Small Industries Development Bank Of India CRISIL A National Fertilizers Ltd. CRISIL A Bajaj Finance Ltd. CRISIL A Oriental Bank of Commerce CRISIL A Total CD/CP Treasury Bill 91 Day T-bill Sovereign Day T-bill Sovereign 0.28 Total - Treasury Bill 0.67 CBLO The Clearing Corporation of India Ltd Total - CBLO Cash & Cash Receivables Regular Plan: 0.18% Direct Plan: 0.10% Portfolio Yield : 6.98% Average Maturity Period: 0.08 years Modified Duration : 0.08 years DIVIDEND HISTORY The scheme has not declared any dividend in last three months Asset Allocation Commercial Paper Cblo Certificate Of Deposit Cash & Cash Receivables Treasury Bill Rating Profile A1+ CBLO CASH & CASH RECEIVABLES Sovereign 12

13 TAURUS SHORT TERM INCOME FUND - (AN OPEN-ENDED BOND SCHEME) 13 To generate income and capital appreciation with low volatility by investing in a diversified portfolio of short term debt and money market instruments. Mr. Archit Shah - Total work exp. 6.5 yrs August 18, 2001 Crisil Short Term Bond Fund Index Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Entry Load - NIL 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 Minimum Application Amount: ` 5000/- & multiples of ` 1/- thereafter. Sale & repurchase on all business days. 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. Regular Plan: 0.80% Direct Plan: 0.45% Portfolio Yield : 8.21% Average Maturity Period: 0.15 years Modified Duration : 0.15 years 's Comment: We have seen bull steepening in the last month which have led to significant rally in the shorter end bonds as well as the money market curve. The ample liquidity situation made the investors look for carry available in the curve and hence the rally. Since the liquidity has improved on account of OMO purchases by RBI, RBI dollar purchases in forward market, huge government spending, CIC reversal. Brexit as well as Rajan's exit event didn't shake up the curve as the fundamentals was attractive enough for the investors. Our bias would be to balance duration and accrual strategy for efficient performance. We may tweak the scheme maturity depending on our regular prognosis. We would continue to have a judicious mix of assets in order to deliver consistent optimal performance. Name of the scrip Industry / Rating % to Net Assets CD/CP Bilt Graphic Paper Products Ltd. IND A ECL Finance Ltd. CRISIL A Indiabulls Housing Finance Ltd. CRISIL A JM Financial Products Ltd. CRISIL A Corporation Bank CRISIL A Axis Bank Ltd. CRISIL A IDFC Bank Ltd. [ICRA]A KEC International Ltd. [ICRA]A HDFC Bank Ltd. IND A Ballarpur Industries Ltd. IND A Bilt Graphic Paper Products Ltd. IND A Chambal Fertilisers and Chemicals Ltd. CRISIL A Total CD/CP CBLO The Clearing Corporation of India Ltd Total - CBLO 6.87 Treasury Bill 91 Day T-bill Sovereign Day T-bill Sovereign 0.11 Total - Treasury Bill 0.72 Cash & Cash Receivables Asset Allocation Commercial Paper Certificate Of Deposit Cblo Treasury Bill Cash & Cash Receivables DIVIDEND HISTORY (0.08) Rating Profile A (0.08) CBLO Sovereign Cash & Cash Receivables *Industry exposure, scrip aum, asset aum scrip investment, asset investment not available as listing is awaited Month & Year Regular Plan Direct Plan Gross Dividend per unit(`) Gross Dividend Per unit(`) June May April 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

14 TAURUS MIP ADVANTAGE - (AN OPEN - ENDED INCOME SCHEME) To generate regular income through a portfolio of fixed income securities, Gold ETFs and equity & equity related instruments. Mr. Archit Shah(Debt) Total work exp. 6.5 yrs Mr. Sadanand Shetty (Equity & Gold ETFs) - Total work exp. 21 yrs August 6, % - Crisil MIP Blended Fund Index & 25% - Price of Gold Monthly Average AUM: ` Cr. Month End AUM: ` Cr. Entry Load Exit Load - NIL - Up to any amount (Including SIP) 1% if exited on or before 365 days & Nil if exited after 365 days Switch to any (Debt/Equity) schemes - exit load applicable as mentioned above. Minimum Application Amount: a) Growth option: ` 5000/- & multiples of ` 1/- thereafter. b) Dividend option: ` 25000/- & multiples of ` 1/-thereafter c) Additional purchase: `1000/- & 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. Regular Plan: 2.38% Direct Plan: 0.72% Portfolio Yield : 7.02% Average Maturity Period: 6.51 years Modified Duration : 4.09 years 's Comment: Debt: Domestic debt has traded in a narrow range throughout the month as both Fed and RBI maintained 'Status-quo' in its policy review but corrected after the BREXIT event owing to good demand from both domestic and foreign investors. Globally, yields have moved down significantly, we can expect foreign investors demand increasing for high yielding Indian bonds in a stable INR environment. Consumer Price Index-based inflation (CPI) for the month of May was a higher than expected at 5.76% compare to 5.47% in previous month. 10Y benchmark closed the month at 7.44% vis-à-vis 7.47% a month ago. Inflation and IIP data will remain a key cue in addition of weekly monsoon updates. Apart from that market will closely monitor announcement of new RBI Governor. FOMC meeting will be held during end of the month. Equity: Portfolio allocation is spread across BSE 100 companies and concentrated in number to less than 20 companies. Equity exposure is expected to remain under 20% of the overall scheme size. Gold: Allocation of Gold is expected to remain around 10%. Name of the scrip Industry / Rating % to Net Assets Debt Investment Government Securities GOI 07.59% Sovereign Total - Government Securities Treasury Bill 91 Day T-bill Sovereign 0.70 Total - Treasury Bill 1.17 Certificate Of Deposit Corporation Bank CRISIL A Total - Certificate Of Deposit 9.89 Equity Investment Top 10 Holdings Power Grid Corporation of India Ltd Mahindra & Mahindra Ltd Maruti Suzuki India Ltd Ultratech Cement Ltd Tata Consultancy Services Ltd Oil & Natural Gas Corporation Ltd ICICI Bank Ltd Larsen & Toubro Ltd Infosys Ltd Hero MotoCorp Ltd Total Top 10 Holdings 0.89 Total - Equity 1.10 Gold Investment Exchange Traded Funds Goldman Sachs Mutual Fund 5.54 Total - Exchange Traded Funds 5.54 CBLO The Clearing Corporation of India Ltd Total - CBLO Cash & Cash Receivables DIVIDEND HISTORY Asset Allocation Government Securities Cblo Certificate of Deposit Exchange Traded Funds Treasury Bill Equity Cash & Cash Receivables Rating Profile Sovereign CBLO Gold ETF Equity Cash & Cash Receivables Month & Year Regular Plan Direct Plan Gross Dividend per unit(`) Gross Dividend Per unit(`) June May April A1+ 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 14

15 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. Archit Shah - Total work exp. 6.5 yrs Feb 14, Crisil Composite Bond Fund Index Monthly Average AUM: ` 7.94 Cr. Month End AUM: ` 7.96 Cr. Entry Load - NIL 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. 's Comment: Domestic debt has traded in a narrow range throughout the month as both Fed and RBI maintained 'Status-quo' in its policy review but corrected after the BREXIT event owing to good demand from both domestic and foreign investors. Globally, yields have moved down significantly, we can expect foreign investors demand increasing for high yielding Indian bonds in a stable INR environment. Consumer Price Index-based inflation (CPI) for the month of May was a higher than expected at 5.76% compare to 5.47% in previous month. 10Y benchmark closed the month at 7.44% vis-à-vis 7.47% a month ago. Inflation and IIP data will remain a key cue in addition of weekly monsoon updates. Apart from that market will closely monitor announcement of new RBI Governor. FOMC meeting will be held during end of the month. We will continue with our strategy of trading in gilts as opportunity arises with a judicious mix of corporate bonds to enhance accruals in the scheme. Name of the scrip Industry / Rating % to Net Assets CBLO The Clearing Corporation of India Ltd Total - CBLO Non Convertible Debenture 08.70% Rural Electrification Corporation Ltd. CRISIL AAA Total - Non Convertible Debenture Certificate Of Deposit Corporation Bank CRISIL A Total - Certificate Of Deposit Treasury Bill 91 Day T-bill Sovereign 0.93 Total - Treasury Bill 0.93 Mutual Fund Units Taurus Liquid Fund-Direct Plan-Super Insti Growth Option Total - Mutual Fund Units Cash & Cash Receivables 0.41 Minimum Application Amount: ` 5000/- & multiples of ` 1/- thereafter. Sale & repurchase on all business days. Asset Allocation Rating Profile Face Value `10/- Regular Plan: ` (D), (G) per unit. Direct Plan: ` (D), (G) per unit Regular Plan: 1.20% Direct Plan: 0.33% Mutual Fund Units Cblo Non Convertible Debenture Certificate of Deposit Treasury Bill Cash & Cash Receivables Treasury Bill Taurus Liquid Fund-Direct Plan-Super Insti Growth Option CBLO AAA A1+ Sovereign CASH & CASH RECEIVABLES Portfolio Yield : 6.94% Average Maturity Period: 0.70 years Modified Duration : 0.64 years DIVIDEND HISTORY Month & Year Regular Plan Direct Plan Gross Dividend per unit(`) Gross Dividend Per unit(`) June March 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 `10 per unit. For complete details of the dividend declared please log on to 15

16 SCHEME PERFORMANCE FUND MANAGER WISE () Mr. Sadanand Shetty Designation: VP & Senior Equity Mr. Sadanand Shetty is a master of commerce (banking & finance) who completed his PGDFA from St. Xavier s Institute of Management, Mumbai. Sadanand brings with him 21 years of work experience which he has acquired by working with reputed financial institutions across India He has worked with Kotak Securities Ltd. as VP & Portfolio Manager Equity for 5 years 8 months, SocGen as Institutional Equities for 4 years, Newscorp Owned Indya.com Pvt. Ltd. as Manager - Investment Research for 2 years, Principal Capital Markets Ltd. as Vice President - Investments for 2 years and Capital Markets Publishers Pvt. Ltd. as an Analyst for for 3 years. He has been working with Taurus Asset Management Co. Ltd. since May 2010 Responsibilities: At Taurus Mutual Fund he manages all the Equity schemes and equity & gold portions of the Taurus MIP Advantage. Taurus Starshare - Regular Plan Unit (`)* Returns (%)^ Index Index (Returns)(%) (Returns)(%) Scheme Additional S&P BSE 200 Nifty 50 (`) (`) (`) S&P BSE 200 Nifty 50 Since inception till June 30, % 9.08% 8.71% 89,510 70,289 65,187 June 30, 2015 to June 30, % 0.41% -0.96% June 30, 2014 to June 30, % 12.01% 9.95% Not applicable June 28, 2013 to June 30, % 34.45% 30.28% Taurus Starshare - Direct Plan Unit (`)* Returns (%)^ Index Index (Returns)(%) (Returns)(%) Scheme Additional S&P BSE 200 Nifty 50 (`) (`) (`) S&P BSE 200 Nifty 50 Since inception till June 30, % 10.91% 9.93% 14,400 14,364 13,927 June 30, 2015 to June 30, % 0.41% -0.96% June 30, 2014 to June 30, % 12.01% 9.95% Not applicable June 28, 2013 to June 30, % 34.45% 30.28% Taurus Ethical Fund - Regular Plan Unit (`)* Returns (%)^ Index Index (Returns)(%) (Returns)(%) Scheme Additional S&P BSE Nifty 50 (`) (`) S&P BSE (`) 500 Shariah 500 Shariah Returns (%) Nifty 50 Since inception till June 30, % 16.65% 13.77% 39,620 30,510 25,449 June 30, 2015 to June 30, % 1.05% -0.96% June 30, 2014 to June 30, % 24.78% 9.95% Not applicable June 28, 2013 to June 30, % 35.03% 30.28% Taurus Ethical Fund - Direct Plan Unit (`)* Returns (%)^ Index Index (Returns)(%) (Returns)(%) Scheme Additional S&P BSE Nifty 50 (`) (`) S&P BSE (`) 500 Shariah 500 Shariah Returns (%) Nifty 50 Since inception till June 30, % 16.65% 9.93% 17,323 17,138 13,927 June 30, 2015 to June 30, % 1.05% -0.96% June 30, 2014 to June 30, % 24.78% 9.95% Not applicable June 28, 2013 to June 30, % 35.03% 30.28% Taurus Infrastructure Fund - Regular Plan Unit (`)* Returns (%)^ Index Index (Returns)(%) (Returns)(%) Scheme Additional S&P BSE 200 Nifty 50 (`) (`) (`) S&P BSE 200 Nifty 50 Since inception till June 30, % 9.78% 9.42% 17,870 23,877 23,173 June 30, 2015 to June 30, % 0.41% -0.96% June 30, 2014 to June 30, % 12.01% 9.95% Not applicable June 28, 2013 to June 30, % 34.45% 30.28% Taurus Infrastructure Fund - Direct Plan Unit (`)* Returns (%)^ Index Index (Returns)(%) (Returns)(%) Scheme Additional S&P BSE 200 Nifty 50 (`) (`) (`) S&P BSE 200 Nifty 50 Since inception till June 30, % 10.91% 9.93% 14,321 14,364 13,927 June 30, 2015 to June 30, % 0.41% -0.96% June 30, 2014 to June 30, % 12.01% 9.95% Not applicable June 28, 2013 to June 30, % 34.45% 30.28% 16

17 Taurus Tax Shield - Regular Plan Unit (`)* Returns (%)^ Index Index (Returns)(%) (Returns)(%) Scheme Additional S&P BSE 200 Nifty 50 (`) (`) S&P (`) BSE 200 Nifty 50 Since inception till June 30, % 12.13% 11.08% 82, ,731 84,114 June 30, 2015 to June 30, % 0.41% -0.96% June 30, 2014 to June 30, % 12.01% 9.95% Not applicable June 28, 2013 to June 30, % 34.45% 30.28% Taurus Tax Shield - Direct Plan Unit (`)* Returns (%)^ Index Index (Returns)(%) (Returns)(%) Scheme Additional S&P BSE 200 Nifty 50 (`) (`) S&P (`) BSE 200 Nifty 50 Since inception till June 30, % 10.91% 9.93% 14,515 14,364 13,927 June 30, 2015 to June 30, % 0.41% -0.96% June 30, 2014 to June 30, % 12.01% 9.95% Not applicable June 28, 2013 to June 30, % 34.45% 30.28% Taurus Nifty Index Fund - Regular Plan Unit (`)* Returns (%)^ Index Index (Returns)(%) (Returns)(%) Scheme Additional Nifty 50 Nifty 50 (`) (`) CNX (`) Nifty Nifty 50 Since inception till June 30, % 7.81% 7.81% 15,456 15,748 15,748 June 30, 2015 to June 30, % -0.96% -0.96% June 30, 2014 to June 30, % 9.95% 9.95% Not applicable June 28, 2013 to June 30, % 30.28% 30.28% Taurus Nifty Index Fund - Direct Plan Unit (`)* Returns (%)^ Index Index (Returns)(%) (Returns)(%) Scheme Additional Nifty 50 Nifty 50 (`) (`) CNX (`) Nifty Nifty 50 Since inception till June 30, % 9.72% 9.72% 14,072 13,828 13,828 June 30, 2015 to June 30, % -0.96% -0.96% June 30, 2014 to June 30, % 9.95% 9.95% Not applicable June 28, 2013 to June 30, % 30.28% 30.28% Taurus Bonanza Fund - Regular Plan Unit (`)* Returns (%)^ Index Index (Returns)(%) (Returns)(%) Scheme Additional S&P BSE 100 Nifty 50 (`) (`) (`) BSE 100 Nifty 50 Since inception till June 30, % 10.70% 10.34% 88,276 87,610 81,675 June 30, 2015 to June 30, % -0.40% -0.96% June 30, 2014 to June 30, % 9.32% 9.95% Not applicable June 28, 2013 to June 30, % 33.44% 30.28% Taurus Bonanza Fund - Direct Plan Unit (`)* Returns (%)^ Index Index (Returns)(%) (Returns)(%) Scheme Additional S&P BSE 100 Nifty 50 (`) (`) (`) BSE 100 Nifty 50 Since inception till June 30, % 9.84% 9.72% 14,108 13,881 13,828 June 30, 2015 to June 30, % -0.40% -0.96% June 30, 2014 to June 30, % 9.32% 9.95% Not applicable June 28, 2013 to June 30, % 33.44% 30.28% Taurus Discovery Fund - Regular Plan Unit (`)* Returns Index Index (%)^ (Returns)(%) (Returns)(%) Scheme (`) Additional Nifty MIDCAP Nifty 50 (`) Nifty MIDCAP (`) Nifty 50 Since inception till June 30, % 8.77% 8.65% 31,110 62,671 61,230 June 30, 2015 to June 30, % 6.20% -0.96% June 30, 2014 to June 30, % 17.24% 9.95% Not applicable June 28, 2013 to June 30, % 51.13% 30.28% 17

18 Taurus Discovery Fund - Direct Plan Unit (`)* Returns Index Index (%)^ (Returns)(%) (Returns)(%) Scheme (`) Additional Nifty MIDCAP Nifty 50 (`) Nifty MIDCAP (`) Nifty 50 Since inception till June 30, % 14.50% 9.93% 17,894 16,061 13,927 June 30, 2015 to June 30, % 6.20% -0.96% June 30, 2014 to June 30, % 17.24% 9.95% Not applicable June 28, 2013 to June 30, % 51.13% 30.28% Taurus Banking & Financial Services Fund - Regular Plan Unit (`)* Returns Index Index (%)^ (Returns)(%) (Returns)(%) Scheme (`) Additional S&P BSE Nifty 50 (`) S&P BSE (`) Bankex Bankex Nifty 50 Since inception till June 30, % 17.23% 13.86% 16,660 19,226 17,051 June 30, 2015 to June 30, % -2.15% -0.96% June 30, 2014 to June 30, % 20.07% 9.95% Not applicable June 28, 2013 to June 30, % 31.81% 30.28% Taurus Banking & Financial Services Fund - Direct Plan Unit (`)* Returns Index Index (%)^ (Returns)(%) (Returns)(%) Scheme (`) Additional S&P BSE Nifty 50 (`) S&P BSE (`) Bankex Bankex Nifty 50 Since inception till June 30, % 10.04% 9.72% 12,502 13,971 13,828 June 30, 2015 to June 30, % -2.15% -0.96% June 30, 2014 to June 30, % 20.07% 9.95% Not applicable June 28, 2013 to June 30, % 31.81% 30.28% * NAV at the beginning of the period ^ Past performance may or may not be sustained in the future. Returns are of Regular Plan - Growth option. Returns are calculated on compounded annualised basis for a period of more than one year. Direct Plan was introduced for all schemes with effect from January 1, 2013 Mr. Archit Shah Designation: - Fixed Income Mr. Archit Shah is a CFA Charterholder, PGDBM in Finance with 6.5 years of experience. Prior to joining Taurus Asset Management Co. Ltd on 19/12/2011, Archit was associated with organizations like CRISIL and I Peritus Solution & Service Private Ltd as Fixed Income Analyst. Responsibilities: At Taurus Mutual Fund he is the for Taurus Liquid Fund, Taurus Ultra Short Term Bond Fund, Taurus Short Term Income Fund, Taurus Dynamic Income Fund, Taurus MIP Advantage (Debt Portion). Taurus Ultra Short Term Bond Fund - Regular Plan Unit (`)* Returns (Returns)(%) (%) of `10000 in the (%)^ CRISIL Liquid (Returns) (%) Scheme (`) Additional Fund Index CRISIL 1 year (`) CRISIL Liquid (`) T-bill Index Fund Index CRISIL 1 year Returns (%) ## T-bill Index Since inception till June 30, % 7.63% 6.43% 18,666 17,469 16,039 June 30, 2015 to June 30, % 7.90% 7.67% June 30, 2014 to June 30, % 8.77% 8.54% Not applicable June 28, 2013 to June 30, % 9.68% 5.93% Taurus Ultra Short Term Bond Fund - Direct Plan Unit (`)* Returns (Returns)(%) (%) of `10000 in the (%)^ CRISIL Liquid (Returns) (%) Scheme (`) Additional Fund Index CRISIL 1 year (`) CRISIL Liquid (`) T-bill Index Fund Index CRISIL 1 year ## Returns (%) T-bill Index Since inception till June 30, % 8.70% 7.49% 13,785 13,388 12,875 June 30, 2015 to June 30, % 7.90% 7.67% June 30, 2014 to June 30, % 8.77% 8.54% Not applicable June 28, 2013 to June 30, % 9.68% 5.93% 18