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Taurus ELSS Tax Saver Fund - NAV, Returns, Investment Guide & FAQs

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Comprehensive guide to Taurus ELSS Tax Saver Fund - latest NAV, performance, investment strategy, fund manager details, tax benefits under 80C, and how to invest online through Allvest.

Investment Objective and Approach

The Taurus ELSS Tax Saver Fund aims to provide long-term capital appreciation over the life of the scheme through investment predominantly in equity shares, besides tax benefits. This fund follows a systematic approach to wealth creation while offering tax-saving benefits under Section 80C.

Key Investment Features:

- Identifies undervalued stocks for constructing a diversified portfolio across industries and companies using a combination of fundamental and technical analysis

- Minimum SIP investment: ₹500

- Lock-in period: 3 years as per Income Tax Laws

- Makes investors eligible to claim tax deduction up to Rs 1.5 lakh under Section 80C

Latest Fund Metrics (as of December 2024):

- NAV (Direct Growth): ₹200.84

- NAV (Regular Growth): ₹184.90

- AUM: ₹82.99 crores as of December 6, 2024

- Expense Ratio (Regular): 2.48%

- Expense Ratio (Direct): 1.89%

Fund Managers

The fund is currently managed by Prasanna Pathak, who serves as the Current Fund Manager of Taurus ELSS Tax Saver Direct Growth fund. Mr. Prasanna Pathak is the Head of Equity and Fund Manager at Taurus Mutual Fund.

Educational Background:

- B.Tech. (Chemical) from LIT

- PGDM (Finance) from S.P. Jain Institute of Management – Mumbai

Professional Experience:

- Over 17 years of experience in the field of research as well as Finance and Money Management

- Previously worked with UTI Mutual Fund, India First Life Insurance, and Hindustan Unilever Ltd

About the Fund House (AMC)

Taurus Mutual Fund is one of India's pioneering asset management companies with a rich heritage in the mutual fund industry.

Company Heritage:

- Among the first few private sector Mutual Funds to be registered with SEBI

- Recently completed 30 years in its journey of creating wealth for investors

- Registered under Code No. MF/002/93 with SEBI, ranks among India's top 10 Mutual Funds in terms of Assets Under Management

Unique Positioning:

- A unique equity-only fund house that continuously strives to strengthen its offerings with more & more innovative schemes

- Distribution network is strongly supported by more than 6000 business associates

- Total AUM: Rs. 851.15 Crore in assets (as on 07-August-2024)

Leadership:

- CEO: Mr. Waqar Naqvi with nearly three decades of industry experience

- 1991 batch ICWA as well as an MBA in Finance from Nagpur University

- Joined Taurus Mutual Fund in 2008 after 7 years at Birla Sun Life and has been associated with the AMC for almost 12 years

Should I Invest in Taurus ELSS Tax Saver Fund?

This fund can be suitable for investors seeking a combination of tax benefits and long-term wealth creation. Here are the key considerations:

Suitable for:

- Investors looking for tax deduction up to ₹1.5 lakh under Section 80C

- Those with a minimum 3-year investment horizon due to mandatory lock-in

- Investors comfortable with equity market volatility

- Long-term wealth creation goals like retirement planning or children's education

Performance Considerations:

- Scheme return performance in last 1 year is 33.16%, in last 3 years is 65.77%

- The fund follows a diversified approach across industries to manage risk

- Rated Very High risk, suitable for investors with higher risk tolerance

Key Benefits:

- Shortest lock-in period among tax-saving instruments (3 years vs 15 years for PPF)

- Professional fund management with systematic stock selection approach

- Diversified portfolio construction to manage sector-specific risks

FAQs

What is today's NAV of Taurus ELSS Tax Saver Fund?

The latest NAV varies by plan - Regular Growth plan is ₹184.90 and Direct Growth plan is ₹200.84. NAVs are updated daily on business days.

What is the AUM of Taurus ELSS Tax Saver Fund?

The fund has an AUM of ₹82.99 crores as of December 6, 2024, indicating steady investor confidence and fund size.

What is the expense ratio of Taurus ELSS Tax Saver Fund?

The expense ratio is 2.48% for Regular plan and 1.89% for Direct plan, which includes management fees and GST.

What are the returns of Taurus ELSS Tax Saver Fund since inception?

The fund has delivered strong performance with 1-year returns at 33.16% and 3-year returns at 65.77% as of recent data.

What is the minimum SIP amount to invest in Taurus ELSS Tax Saver Fund?

You can start investing with a minimum SIP amount of ₹500 per month, making it accessible for regular investors.

How do I invest in Taurus ELSS Tax Saver Fund?

You can invest through Allvest's platform online by completing KYC, selecting the fund, choosing SIP or lump sum, and making payment via net banking or UPI.

How to start a SIP in Taurus ELSS Tax Saver Fund?

Log into Allvest, search for Taurus ELSS Tax Saver Fund, select SIP option, enter monthly amount (minimum ₹500), set auto-debit, and confirm investment.

How do I automate an SIP in Taurus ELSS Tax Saver Fund?

Through Allvest, you can set up auto-pay using bank mandate or UPI auto-pay to ensure seamless monthly investments without manual intervention.

How can I withdraw/redeem my investment in Taurus ELSS Tax Saver Fund?

Redemption is available only after the 3-year lock-in period. Post lock-in, you can redeem through Allvest platform or the fund's website with 2-4 working days processing time.