Taurus Mutual Fund on Tuesday announced the launch of Taurus MIP Advantage, which has incorporated multi-level exposure in major asset classes - debt, equity and gold.
"We feel it is an appropriate time to expand our product basket with a fund that will allow investors to stay invested over the long-term and benefit from a blend of the three most attractive asset class in a single portfolio. Each of these asset classes have their strengths and potential to generate good returns for investors in dynamic market conditions," Taurus MF CEO Waqar Naqvi told reporters here.
Taurus MIP Advantage will provide 65-95 per cent debt exposure, 5-25 per cent exchange traded fund gold and 0-25 per cent to equity, he said.
The funds' NFO, which opens today, will close on July 23, he said.
This fund is suitable for all market conditions as the fund managers will have flexibility to rebalance the portfolio in varying market scenarios with a potential to deliver superior risk adjusted return, Naqvi said.
Source: http://economictimes.indiatimes.com/personal-finance/mutual-funds/mf-news/Taurus-MF-launches-multi-exposure-Taurus-MIP-Advantage/articleshow/6105915.cms
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