About Taurus Tax Shield Direct - Dividend Payout
Taurus Tax Shield Direct - Dividend Payout is a Tax Saver
mutual fund scheme from Taurus Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Prasanna Pathak
. It has an AUM of ₹55.41 Crores and the latest NAV decalared is ₹35.520 as on 09 Jul 2020 at 4:03 am.
Taurus Tax Shield Direct - Dividend Payout scheme return performance in last 1 year is -4.84%, in last 3 years is 9.51% and 93.25% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
The scheme seeks long term capital appreciation. The scheme would take around 80-85 per cent exposure to equity, while exposure to bonds and money market instruments would be up to 20 per cent of the corpus. The scheme was made open-ended in February 2001.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.