News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
General »
 Why a simplified tax regime is the need of the hour
 Settling The Old vs New Tax Regime debate
 Mutual funds for a first-time investor
 All eyes on Nirmala Sitharaman's second Budget for tax relief
 FM must slash income tax rates, only way to stimulate demand
 Govt may go for income tax relief to spur demand, says report
 Countries should tax the money that their citizens make globally
 Personal income tax rate cut can revive economy
 Economic slowdown hits Income Tax collections
 IFSC and tax bills tabled in Parliament on Monday
 How to calculate tax liability on LTCG accrued from selling gold?

Taurus MF declares dividend of 10% under Taurus Tax Shield
January, 21st 2009

Taurus Mutual Fund today declared a 10% dividend under its Taurus Tax Shield, an open-ended Equity Linked Savings Scheme (ELSS). The record date for the dividend payout is January 23, 2009. All investors under dividend option of Taurus Tax Shield, whose names appear on the scheme books as on the record date, are eligible to get dividend.

Mr. Waqar Naqvi, CEO, Taurus Mutual Fund said Its been our endeavor to act in the best interest of our investors and thus the trustees are glad to announce a dividend of Re. 1.00 per unit (10%) under Taurus Tax Shield.

Taurus Tax Shield is an open-ended ELSS with an objective to provide long term capital growth through investments across all market capitalisations, including small, mid and large cap stocks. The fund aims to be predominantly invested in equity and equity related securities.

Along with, giving investments to the potential growth of equities, it also gives the added advantage of tax savings under section 80C of the Income Tax Act and personal accident death insurance cover. The scheme has a 3-year lock-in-period from the date of allotment and charges no entry load on direct application.

Taurus Tax Shield has outperformed benchmark index BSE 200 and judged as the second best performing fund by Value Research.

The scheme also has the facility of SIP (Systematic Investment Plan) offered to its investors to counter volatility and invest regularly to benefit from the growth. Current Net Asset Value (NAV) of the fund is Rs. 14.84.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting