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TIMESM O N T H L Y R E P O R T • J U N E 2 0 1 0

Monthly Income Plan with the Gold Difference

NEW FUND OFFER

DEBT + EQUITY + NFO Closes - 23rd July, 2010

Mutual Fund investments are subject to market risk. Read Scheme Information Document before investing

HOUSE OF TAURUS

INDEX Page No.

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TAURUS STARSHARE

AN OPEN-END EQUITY SCHEME WITH A FOCUS ON MULTI CAP STOCKS

TAURUS INFRASTRUCTURE FUND ...............................................................................................................................................................................5

AN OPEN-END EQUITY THEMATIC SCHEME

TAURUS ETHICAL FUND .......................................................................................................................................................................................................6

AN OPEN-END EQUITY ORIENTED SCHEME

TAURUS TAX SHIELD ..............................................................................................................................................................................................................7

AN OPEN-END EQUITY LINKED SAVING SCHEME (ELSS)

TAURUS NIFTY INDEX FUND .......................................................................................................................................................................................... 8

AN OPEN-ENDED INDEX LINKED EQUITY SCHEME

TAURUS BONANZA FUND .................................................................................................................................................................................................9

AN OPEN-END EQUITY SCHEME WITH A LARGE CAP FOCUS

TAURUS DISCOVERY FUND ............................................................................................................................................................................................10

AN OPEN-END EQUITY FUND WITH MID CAP AND SMALL CAP FOCUS

TAURUS ULTRA SHORT TERM BOND FUND ....................................................................................................................................................11

AN OPEN-END DEBT SCHEME

TAURUS LIQUID FUND .......................................................................................................................................................................................................12

AN OPEN-END LIQUID SCHEME

TAURUS SHORT TERM INCOME FUND........................................................................................................13

AN OPEN-END BOND SCHEME

TAURUS GILT FUND .............................................................................................................................................................................................................14

AN OPEN-END GILT SCHEME

.................................................................................................................................................................................................................4

FROM THE CEO'S DESK

Dear Investor,

The first quarter of FY 2010-11 has come to an end. As I pen down my thoughts today on July 2nd, comes the news that RBI has raised the repo and reverse repo rates by 25 bps well ahead of the Monetary Policy to be presented on July 27th. CRR has been left untouched. This is a clear indication that keeping the inflationary pressures in check is RBI's priority right now. Progress of monsoon so far has been on predictable lines. A normal monsoon was expected to have a sobering effect on the food prices. But then Govt. took the bold measure of partial deregulation of oil / fuel prices. Increase in the prices of petrol, diesel & kerosene would have added fuel to the already high inflation and hence RBI had to step in. We might see, some more hike in repo and /or reverse repo rates in the next few months and interest rate may gradually inch up but this is not likely to stem the growth that we have been witnessing.

We are likely to witness credit pick up in the second half of the fiscal as corporate capex recovery gathers steam. Banks have fixed base rates in the range of 7.25 to 8.50%. Initial reports indicate that the Advance tax numbers have been robust and we await the announcement of the quarterly results by Corporates. While the rest of the world still grapples with uncertainty on the sustainability of the recovery, India is among the few nations which have acquitted themselves well during these trying times. The markets world over have been choppy with global economic slowdown concerns leading to risk aversion for investing in the developed markets. As things stand today, India appears to have better economic stability and the number of investors going gung-ho on India increases by the day. In days to come Indian markets should exhibit far more resilience. I think investors should shun their misgivings and invest in the India story with at least 3 to 5 years perspective and in all probability they would reap handsome gains.

Our Equity Funds continue to perform well. As on May end, Taurus Infrastructure Fund was rated 5-Star and Taurus Tax Shield4-Star by Value Research. Taurus Ethical Fund has created a niche for itself and it continues to outperform the benchmark month on month. Our Fixed Income schemes in the meantime continue to deliver a consistent top quartile performance.

We successfully launched Taurus Nifty Index Fund during the first week of June with collections close to Rs. 120 mn. The scheme is now open for ongoing subscriptions. We have recently launched our New Fund Offering: 'Taurus MIP Advantage' - a monthly income plan with the 'gold' difference. It is a multi-asset product with exposure to Fixed Income Instruments (65% to 95%), Equity (0% to 25%) & Gold ETFs (5% to 25%). This product is better placed to give superior risk adjusted returns as the Fund Managers have greater flexibility in allocating the assets between equity & gold and rebalancing the portfolio as and when new situations/opportunities emerge. With real returns from fixed income instruments going into negative territory due to high inflation and with 'gold' having been acknowledged as hedge against inflation, the risk-averse investors with a medium to long term investment horizon may be better served with a product like Taurus MIP Advantage. The concept has been appreciated by our channel partners and we are enthused by their initial response. The NFO is open till July 23 and we would welcome you to get a flavour of this product also.

We hope you'll take advantage of the three asset classes by investing in this NFO through your investment advisor.

Kind regards

Yours truly,

Waqar NaqviChief Executive

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TAURUS STARSHARE - AN OPEN-END EQUITY SCHEME WITH A FOCUS ON MULTI CAP STOCKS

Date of Allotment: Jan 29, 1994.Dividend Option introduced on Jan 1, 2009.

Net Asset Value (NAV) Rs.: 37.22 (D), 52.86 (G) per unit.AAUM: Rs. 165.65 Cr.Minimum Application Amount: Rs. 5000/- & multiples of Rs. 1000/ thereof.Sharpe Ratio: 0.76Standard Deviation: 19.09Alpha: 6.44Beta: 0.67(The above measures have been calculated by taking month end NAV for 1year period from 30th June, 2009 to 30th June, 2010.)NAV Calculation: All business days.Fund Manager: Mr. Sadanand ShettyRegistrar & Transfer Agent: M/s. Karvy Computershare Private Ltd.

FUND DATA As on 30th June 2010

RISK FACTOR: Mutual Fund investments are subject to market risks. Please read the Scheme Information Document carefully before investing.

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.

Sale & repurchase on all business days.

Tax-free dividends in the hands of investors, no Gift Tax, no Wealth Tax as per the present Income Tax Act.

Period Returns (%)

1 Year 23.82 27.223 Years 4.89 7.585 Years 22.39 19.47 Since Inception 10.67 9.58

Past performance may or may not be sustained in future.

*Benchmark IndexNote: Returns are calculated on compounded annualised basis for a period of more than one year and absolute basis for a period less than or equal to one year, with reinvestment of dividends/ bonus, if any.

Rs. 5 per unit dividend in July 2009Rs. 3 per unit dividend in November 2009Rs. 5 per unit dividend in March 2010

SCHEME FEATURES

Investment Objective

Liquidity

Tax Benefits

DIVIDEND HISTORY

NAV BSE 200*

Entry Load - NILExit Load - Up to any amount (Including SIP application):

• 1% if exited before 1 year• Nil if exited after 1 year

Switch: Equity to Equity-Exit Load Nil, Equity to Debt-Relevant exit load applicable as mentioned above, Equity to ELSS-Relevant exit load applicable as mentioned above.

LOAD STRUCTURE

4

Fund Manager's Comment: Oil Price deregulation has fuelled a spark of furthered deregulation in the several sector including Media, Banking and Insurance. We feel the Govt is on firm footing as far as the reforms are concerned and we believe this will create a good theme to play in the markets. On the other side we continue to invest in sectors which are expected to get benefited by the increase in the discretionary expenditure.

Name of the scrip % to Net Assets

PORTFOLIO As on 30th June 2010


Jain Irrigation Systems Ltd. 5.96

Reliance Industries Ltd. 5.01

Infosys Technologies Ltd. 4.90

ICICI Bank Ltd. 4.38

Coromandel International Ltd. 4.23

Financial Technologies India 4.21

Exide Industries Ltd. 3.99

Oil & Natural Gas Corporation Ltd. 3.30

Rallis India Ltd. 3.17

Housing Development Finance Cor Ltd3.09

Mahindra & Mahindra Ltd. 3.02

Pantaloon Retail (India) Ltd. 2.97

AIA Engineering Ltd. 2.87

Tata Steel Ltd. 2.70

Chambal Fertilisers & Chemicals Ltd. 2.48

Greaves Cotton Ltd. 2.45

Bharat Heavy Electricals Ltd. 2.40

State Bank of India 2.26

Larsen & Toubro Ltd. 2.25

Titan Industries Ltd. 1.92

ING Vysya Bank Ltd. 1.89

Vijaya Bank 1.88

Navneet Publications (India) Ltd. 1.66

Apollo Hospitals Enterprise 1.58

Motherson Sumi Systems Ltd. 1.49

IRB Infrastructure Developers Ltd 1.45

Indraprastha Gas Limited 1.34

Jubilant Organosys Limited 1.32

Jet Airways (India) Ltd. 1.15

Cipla Ltd. 1.13

Infrastructure Development Finance Co. Ltd.1.08

Onmobile Global Limited 1.03

ITC Ltd. 1.00

United Phosphorus Ltd. 0.96

Apollo Tyres Ltd. 0.73

Power Finance Corporation Limited0.57

Hindustan Zinc Ltd. 0.57

Cash & Others 11.63Total - Equity 88.37

TOTAL 100.00

EQUITY SECTOR ALLOCATION

0.57

1.03

1.34

1.58

2.25

2.45

2.60

2.70

2.97

3.02

3.30

4.13

4.57

4.73

5.01

5.28

6.20

6.72

8.41

9.11

10.40

0.00 5.00 10.00 15.00

Non - Ferrous Metals

Telecom - Equipment & Accessories Gas

Healthcare Services

Construction Project

Pharmaceuticals

Transportation

Ferrous Metals

Retailing

Auto

Oil

Pesticides

Consumer Non Durables

Finance

Petroleum Products

Industrial Capital Goods

Auto Ancillaries

Fertilisers

Industrial Products

Software

Banks

NAV movement in the last one year vis-a-vis BSE 200

Taurus Starshare BSE 200

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10.00

20.00

30.00

40.00

50.00

60.00

Jul - 0

9

Aug -

09

Sep -

09

Oct -

09

Nov -

09

Dec -

09

Jan - 1

0

Feb -

10

Mar -

10

Apr -

10

May -

10

Jun - 1

0

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TAURUS INFRASTRUCTURE FUND - AN OPEN-END EQUITY THEMATIC SCHEME

To provide capital appreciation and income distribution to unitholders by investing pre-dominantly 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.

Sale and repurchase on all business days.


Period Returns (%)

NAV BSE 200*

1 Year 27.63 27.22

3 Years 8.72 7.58

Since Inception 11.07 13.59


*Benchmark Index

Note: Returns are calculated on a compounded annualised basis for a period of more than one year and absolute basis for a period less than or equal to one year, with reinvestment of dividends/ bonus, if any.

SCHEME FEATURES


Liquidity

Tax Benefits


Date of Allotment: Mar 5, 2007.Net Asset Value (NAV) Rs.: 14.22 (D), 14.18 (G) per unit.AAUM: Rs. 28.42 Cr.Minimum Application Amount: Rs. 5000/- & multiples of Rs. 1000/ thereof.Sharpe Ratio: 1.06Standard Deviation: 20.63 Alpha: 13.66Beta: 0.68(The above measures have been calculated by taking month end NAV for 1year period from 30th June, 2009 to 30th June, 2010.)

NAV Calculation: All business days.Fund Manager: Mr. Sadanand ShettyRegistrar & Transfer Agent: M/s. Karvy Computershare Private Ltd.



• 1% if exited before 1 year • Nil if exited after 1 year


LOAD STRUCTURE

Best Turnaround Fundby Businessworld for the year 2009-10

Fund Manager's Comment: The fund continued to fare well in the Infrastructure and diversified equity category. The IIP for the month of April stands at 17.6% which reflects a strong growth in the infrastructure sector. RBI's new initiative of bank backed bond will help the infra companies to raise funds on a competitive rates.We believe the Infra Company will see a strong order book growth and in a stable and declining commodity prices scenario, these companies may report strong earning growth.









Apollo Tyres Ltd. 5.34


AIA Engineering Ltd. 4.92


Mundra Port & Special Eco Zone Ltd4.69

Tata Steel Ltd. 4.05

Hindalco Industries Ltd. 3.74

Reliance Infrastructure Limited 3.43


Power Finance Corporation Limited3.27

Mercator Lines Limited 3.22

Crompton Greaves Ltd. 2.94

IRB Infrastructure Developers Ltd. 2.69

Hindustan Dorr Oliver Ltd. 2.50

GMR Infrastructure Limited 2.20

Kirloskar Engines India Ltd. 1.91

Allied Digital Services Limited 1.73

Havells India Limited 1.64

Bajaj Electricals Limited 1.51


Ashok Leyland Ltd. 1.40

Siemens Ltd. 1.36


Kirloskar Industries Ltd. 0.29

Cash & Others 7.18

Total - Equity 92.82

TOTAL 100.00

1.40

1.73

1.91

3.14

3.27

3.34

3.43

3.64

4.05

4.73

5.36

9.13

10.49

10.60

12.82

13.78

0.00 5.00 10.00 15.00

Auto

Hardware

Miscellaneous

Consumer Durables

Finance

Gas

Power


Ferrous Metals

Healthcare Services

Software

Non-ferrous Metals

Auto Ancillaries

Transportation


Industrial Products


-

2.0000

4.0000

6.0000

8.0000

10.0000

12.0000

14.0000

16.0000

Jul-09

Aug-

09

Sep-09

Oct-09

Nov-

09

Dec-

09

Jan-10

Feb-10

Mar-1

0

Apr-

10

May-

10

Jun-10

BSE 200Taurus Infrastructure Fund

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TAURUS ETHICAL FUND - AN OPEN-END EQUITY ORIENTED SCHEME

Date of Allotment: April 6, 2009

AAUM: Rs. 24.58 Cr.Minimum Application Amount: Rs. 5000/- & multiples of Re. 1/- thereof.

Sharpe Ratio: 1.75Standard Deviation: 17.94 Alpha: 23.96Beta: 0.61(The above measures have been calculated by taking month end NAV for 1year period from 30th June, 2009 to 30th June, 2010.)



Net Asset Value (NAV) Rs.: 16.85 (D), 22.48 (G), 22.47 (B) per unit.


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.


Tax free dividends in the hands of Investor, No Gift Tax, No Wealth Tax as per the present Income Tax Act.

Period Returns (%)

3 Months 6.24 2.60

6 Months 12.34 3.04

1 Year 43.46 27.63


Past performance may or may not be sustained in future.*Benchmark IndexNote: Returns are calculated on a compounded annualised basis for a period of more than one year and absolute basis for a period less than or equal to one year, with reinvestment of dividends/ bonus, if any.

Rs. 2 per unit dividend in Feb. 2010, Re. 1 per unit dividend in September 2009, Rs. 1.5 per unit dividend in July 2009.

SCHEME FEATURES


Liquidity

Tax Benefits

DIVIDEND HISTORY

NAV S&P CNX 500 Shariah Index*




LOAD STRUCTURE

Fund Manager's Comment: A concentrated portfolio has helped since inception of the fund and we will continue to adopt the same strategy especially in the wake of limited universe available for investing.Given the limited universe of the investment the stock selection is the key factor in the performance. We continue to invest in the companies with strong cash generation model and high asset turnover ratio.





Navneet Publications (India) Ltd.6.56

Divis Laboratories Ltd. 6.32



United Phosphorus Ltd. 4.67

Siemens Ltd. 4.51


Bharat Electronics Ltd. 4.44




Mundra Port & Special Eco Zone Ltd3.98

IRB Infrastructure Developers Ltd3.64


Reliance Infrastructure Limited2.51


Tech Mahindra Ltd. 2.34

Hero Honda Motors Ltd. 2.18

Havells India Limited 1.81

Thermax India Ltd. 1.44

Gujarat Gas Co. Ltd. 1.26

GVK Power & Infrastructure Ltd0.90

Alstom Projects India Ltd. 0.59

Kirloskar Engines India Ltd 0.41

Kirloskar Industries Ltd 0.06

Cash & Others 11.84


TOTAL 100.00


0.41

1.81

2.18

2.34

3.41

5.26

5.44

5.59

5.63

6.32

7.62

8.93

10.68

10.98

11.57

0.002.004.006.008.0010.0012.0014.00

Miscellaneous

Consumer Durables

Auto

Software

Power

Auto Ancillaries

Healthcare Services


Gas

Pharmaceuticals

Transportation

Industrial Products



Pesticides

0.00

5.00

10.00

15.00

20.00

25.00

Jul-

09

Aug-

09

Sep-

09

Oct-

09

Nov-

09

Dec-

09

Jan-

10

Feb-

10

Mar-

10

Apr-

10

May-

10

Jun-

10

NAV movement in the last one year vis-a-vis S&P CNX 500 Shariah

Taurus Ethical Fund

S&P CNX 500 Shariah

7

TAURUS TAX SHIELD - AN OPEN-END EQUITY LINKED SAVING SCHEME (ELSS)


To provide long term capital appreciation over the life of the scheme through investment pre-dominantly in equity shares, besides tax benefits.

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.

As per Section 80C of the Income Tax Act, an individual or a HUF is allowed deduction from income to an amount upto a maximum of Rs. 1 Lakh by investment in the scheme. Tax -free dividends in the hands of investors.

Available to individual / HUF investors upto five times of investment subject to a maximum of Rs. 5 Lakhs.

Period Returns (%)

NAV BSE 200*

1 Year 27.20 27.223 Years 18.48 7.585 Years 15.83 19.47Since Inception 12.05 14.04


*Benchmark Index


Growth plan: Rs. 3.5 per unit in Dec. 2005, Rs. 1.6 per unit in Feb. 2004, Rs. 1.1 per unit in Sept. 2003, Dividend plan: Rs. 2.25 per unit in Mar. 2010, Rs. 2 per unit in Feb. 2010, Rs. 1.5 per unit in Jan. 2010, Re. 1 per unit in Nov. 2009, Re. 1 per unit in Mar. 2009, Re. 1 per unit in Jan. 2009, Re. 1 per unit in Dec. 2008.

SCHEME FEATURES


Liquidity

Tax Benefits

Personal Accident Death Insurance Cover

DIVIDEND HISTORY

Dividend Option introduced on May 6, 2008.

Net Asset Value (NAV) Rs.: 19.76 (D), 33.34 (G) per unit.AAUM: Rs. 50.52 Cr.Minimum Application Amount: Rs. 500/- & multiples of Rs. 500/ thereof

Sharpe Ratio: 0.77Standard Deviation: 21.00 Alpha: 6.54Beta: 0.79(The above measures have been calculated by taking month end NAV for 1year period from 30th June, 2009 to 30th June, 2010.)



Date of Allotment: Mar 31, 1996.

.

Entry Load - NILExit Load - Up to any amount (Including SIP application): NA


LOAD STRUCTURE

Best Equity Tax Planning Fund by Businessworld for the year 2009-10

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Fund Manager's Comment: The fund continues to be in the top quartile in the 3 yr time-frame in the ELSS category. The Indian economy is on firm footing as far as the long term scenario is concerned. GOI's increase plan expenditure and thrust to agriculture will be a major driver for this continuation. We continue to believe on the domestic demand growth and increasing in the discretionary expenditure. We remain overweight on sectors dependent on the domestic demand. 0.92

0.941.271.271.551.591.92

2.372.722.762.893.193.273.34

4.024.294.62

5.376.056.09

6.767.787.87

10.28

0.00 5.00 10.00 15.00

Ferrous MetalsPesticidesFertilisers

DiversifiedHealthcare Services

RetailingMiscellaneous

Auto AncillariesOil

Telecom - Equipment & AccessoriesPower

SoftwareGas

Media & EntertainmentIndustrial Capital Goods

Construction ProjectIndustrial Products

TransportationPharmaceuticals

AutoConsumer Non Durables

BanksPetroleum Products

Finance

EQUITY SECTOR ALLOCATIONName of the scrip % to Net Assets



Reliance Industries Ltd. 5.40State Bank of India 3.94LIC Housing Finance Ltd. 3.86Larsen & Toubro Ltd. 3.28Indraprastha Gas Limited 3.27Infosys Technologies Ltd. 3.19Bajaj Auto Limited 3.06Mahindra & Mahindra Ltd. 3.03Reliance Capital Ltd. 3.01Spicejet Limited 2.88Greaves Cotton Ltd. 2.81Onmobile Global Limited 2.76Oil & Natural Gas Corporation Ltd. 2.72Titan Industries Ltd. 2.71IRB Infrastructure Developers Ltd. 2.50ICICI Bank Ltd. 2.48Bharat Petroleum Corporation Ltd. 2.46Television Eighteen India Ltd. 2.40Exide Industries Ltd. 2.37ITC Ltd. 2.29Hindustan Dorr Oliver Ltd. 2.08Aurobindo Pharma Ltd. 2.06Jubilant Organosys Limited 2.01Divis Laboratories Ltd. 1.98

Housing Development Finance Cor Ltd. 1.97Bharat Heavy Electricals Ltd. 1.93Jain Irrigation Systems Ltd. 1.81United Spirits Ltd. 1.76Pantaloon Retail (India) Ltd. 1.59Apollo Hospitals Enterprise 1.55Bilcare Limited 1.39Union Bank of India 1.37Aditya Birla Nuvo Ltd. 1.27Chambal Fertilisers & Chemicals Ltd. 1.27Power Finance Corporation Limited 1.07Reliance Infrastructure Limited 1.01Voltas Ltd. 1.01Tata Power Co. Ltd. 1.00Rallis India Ltd. 0.94Sun TV Network Limited 0.94Tata Steel Ltd. 0.92Cesc Ltd. 0.87Usha International Limited 0.53Shriram Transport Finance Co Ltd. 0.37


TOTAL 100.00

-

5.00

10.00

15.00

20.00

25.00

30.00

35.00

40.00 Ju

l-09

Aug-

09

Sep-

09

Oct-

09

Nov-

09

Dec-

09

Jan-

10

Feb-

10

Mar-

10

Apr-

10

May-

10

Jun-

10

Taurus Tax ShieldBSE 200


PERFO

RM

AN

CE

8




Reliance Industries Ltd. 11.99Infosys Technologies Ltd. 8.74ICICI Bank Ltd. 6.25Larsen & Toubro Ltd. 6.21ITC Ltd. 5.19Housing Development Finance Cor Ltd.4.90HDFC Bank Ltd. 4.36State Bank of India 3.85Oil & Natural Gas Corporation Ltd. 2.90Bharat Heavy Electricals Ltd. 2.53Tata Consultancy Services Ltd. 2.47Bharti Airtel Ltd. 2.09Axis Bank Limited 2.02Tata Steel Ltd. 1.92Hindustan Unilever Ltd. 1.82Sterlite Industries Ltd. 1.78Mahindra & Mahindra Ltd. 1.74NTPC Ltd. 1.66Tata Motors Ltd. 1.61Jindal Steel & Power Ltd. 1.57Tata Power Co. Ltd. 1.39Gail (India) Ltd. 1.36Wipro Ltd. 1.25Maruti Suzuki India Ltd. 1.23Hindalco Industries Ltd. 1.22Hero Honda Motors Ltd. 1.20Infrastructure Development Finance Co. Ltd.1.19

Cipla Ltd. 1.12Reliance Infrastructure Limited 1.10Jaiprakash Associates Ltd. 0.96Punjab National Bank 0.91Sun Pharmaceutical Industries Ltd. 0.87Kotak Mahindra Bank Ltd. 0.87Reliance Communications Ltd 0.86Cairn India Limited 0.85Steel Authority of India Ltd. 0.73Siemens Ltd. 0.72DLF Limited 0.68Unitech Ltd. 0.65Ambuja Cements Limited 0.61ACC Ltd. 0.58ABB Ltd. 0.57Reliance Capital Ltd. 0.56Bharat Petroleum Corporation Ltd. 0.56HCL Technologies Ltd. 0.51Ranbaxy Laboratories Ltd. 0.45Reliance Power Limited 0.41Power Grid Corporation Ltd. 0.39Idea Cellular Limited 0.30Suzlon Energy Ltd. 0.27


TOTAL 100.00

TAURUS NIFTY INDEX FUND - AN OPEN-ENDED INDEX LINKED EQUITY SCHEME

Date of Allotment: June 19, 2010Net Asset Value (NAV) Rs.: 10.10 (D), 10.10 (G) per unit.AAUM: Rs. 4.71Cr.Minimum Application Amount: Rs. 5000/- & in multiples of Rs. 1000/ thereof.NAV Calculation: All business days.Fund Manager: Mr. Sadanand ShettyRegistrar & Transfer Agent: M/s. Karvy Computershare Private Ltd.



The investment objective of the scheme is to replicate the S&P CNX Nifty Index by investing in securities of theCNX Nifty Index in the same proportion/ weightage.



Period Returns (%)

NAV S&P CNX Nifty Index

Since Inception 0.95 (0.76)Past performance may or may not be sustained in future.

*Benchmark IndexNote: Returns are calculated on compounded annualised basis for a period of more than one year and absolute basis for a period less than or equal to one year, with reinvestment of dividends/ bonus, if any.

SCHEME FEATURES


Liquidity

Tax Benefits

Entry Load - NILExit Load - 1% if redeemed/switched out within 15 days from the

date of allotment

SIP Exit Load- 1% redeemed/ switched out within 1 year from the date of allotment - applicable to each installment

LOAD STRUCTURE

Fund Manager's Comment: The objective of this scheme is to replicate the return of the CNX Nifty Index. We belief the Indian economy is well on track and recent upgrade by IMF also support our argument. The Index being a barometer for the economy is expected to post strong gains for the investors in mid to long term. We continue remain to bullish on the Indian equity markets and we believe that index fund is a good option for the investors who need to diversify their portfolio.

1.33

1.36

1.82

2.14

2.44

3.00

3.25

3.75

4.09

4.22

4.94

5.19

5.78

6.21

6.65

12.54

12.98

18.26

0.00 5.00 10.00 15.00 20.00

Construction

Gas

Diversified

Cement

Pharmaceuticals


Telecom - Services

Oil


Ferrous Metals

Power


Auto


Finance

Petroleum Products

Software

Banks


9

TAURUS BONANZA FUND - AN OPEN-END 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.



Period Returns (%)

NAV BSE 100*

1 Year 17.68 24.71

3 Years 2.35 7.46

5 Years 17.61 19.95


Past performance may or may not be sustained in future.*Benchmark IndexNote: Returns are calculated on a compounded annualised basis for a period of more than one year and absolute basis for a period less than or equal to one year, with reinvestment of dividends/ bonus, if any.

Bonus in the ratio of 1:3 in October 2003. Dividend - Rs. 2.5 per unit in July, 2006 from growth option

SCHEME FEATURES


Liquidity

Tax Benefits


Date of Allotment: Feb 28, 1995.Dividend Option introduced on May 6, 2008.

Net Asset Value (NAV) Rs.: 40.93 (D), 40.66 (G) per unit.AAUM: Rs. 34.06 Cr.Minimum Application Amount: Rs. 5000/- & multiples of Rs.1000/- thereof.

Sharpe Ratio: 0.33Standard Deviation: 21.45 Alpha: -3.1Beta: 0.83(The above measures have been calculated by taking month end NAV for 1year period from 30th June, 2009 to 30th June, 2010.)






LOAD STRUCTURE

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Fund Manager's Comment: The process of building-up a core portfolio continued during the month. Portfolio alignment continued during the month as we reviewed our strategy to the different sector. We have scaled up our exposure to sectors which we believe, will continue to outperform the benchmark indices. We believe there is still room left for appreciation in the large cap stocks on back of the upgrading of the income growth and margin improvement. Companies are out from the fund raising cycle any major business announcement will have a positive impact on the stock performance.





Infosys Technologies Ltd. 6.40

Reliance Industries Ltd. 6.14


State Bank of India 4.38

ICICI Bank Ltd. 4.28

ITC Ltd. 4.15

Housing Development Finance Cor Ltd. 4.12

Mahindra & Mahindra Ltd. 3.97


Oil & Natural Gas Corporation Ltd. 3.52

United Spirits Ltd. 3.40

Reliance Capital Ltd. 3.27


Hdfc Bank Ltd. 2.98



Grasim Industries Ltd. 2.58

DLF Limited 2.57



Ranbaxy Laboratories Ltd. 2.17

Tata Consultancy Services Ltd. 2.17

Reliance Infrastructure Limited 2.10

GMR Infrastructure Limited 2.04


Piramal Healthcare Limited 1.91

Sun Pharmaceutical Industries Ltd. 1.62


Gail (India) Ltd. 1.17

Power Finance Corporation Limited 1.09

Steel Authority Of India Ltd. 0.93

Tata Power Co. Ltd. 0.60

Asian Paints Ltd. 0.53

Cash & Others 7.09


TOTAL 100.00

0.93

1.17

2.292.39

2.57

2.58

2.71

3.523.97

4.40

5.68

6.147.48

8.08

8.29

8.47

10.5911.64

0.002.004.006.008.0010.0012.0014.00

Ferrous Metals

Gas

Auto Ancillaries

Retailing

ConstructionCement

Power

Oil

Auto

Industrial Products


Petroleum ProductsIndustrial Capital Goods

Consumer Non DurablePharmaceuticals

Finance

Software

Banks


-5.00

10.00 15.00 20.00 25.00 30.00 35.00 40.00 45.00 50.00

Jul-0

9

Aug-

09

Sep-

09

Oct-

09

Nov-

09

Dec-

09

Jan-

10

Feb-

10

Mar-1

0

Apr-

10

May-

10

Jun-

10

Taurus Bonanza Fund BSE 100

10

TAURUS DISCOVERY FUND - AN OPEN-END EQUITY FUND WITH MID CAP AND SMALL CAP FOCUS

Date of Allotment: Sep 5, 1994.Net Asset Value (NAV) Rs.: 15.18 (D), 15.16 (G) per unit.AAUM: Rs. 23.50 Cr.Minimum Application Amount: Rs. 5000/- & multiples of Rs.1000/- thereof.

Sharpe Ratio: 0.92Standard Deviation: 21.78 Alpha: 10.32Beta: 0.8(The above measures have been calculated by taking month end NAV for 1year period from 30th June, 2009 to 30th June, 2010.




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.



Period Returns (%)

NAV CNX Midcap Index*

1 Year 27.72 49.82

3 Years (5.80) 10.79

5 Years 5.88 21.57



*Benchmark IndexNote: Returns are calculated on a compounded annualised basis for a period of more than one year and absolute basis for a period less than or equal to one year, with reinvestment of dividends/ bonus, if any.

SCHEME FEATURES


Liquidity

Tax Benefits




LOAD STRUCTURE

PE

RF

OR

MA

NC

E

Fund Manager's Comment: The mid cap and small sector continue to remain resilient on back of the all round improvement in the general economy. Increasing IIP is also pointing toward a broad based sustainable growth. We believe in the present market condition, Stock selection is the key for strong return generation. And we believe there is still lot of value companies to be picked up in the mid cap and small cap sector.






Television Eighteen India Ltd. 4.50

Mercator Lines Limited 4.43


Jet Airways (India) Ltd. 4.36

United Spirits Ltd. 4.11

India Infoline Ltd. 4.08



LIC Housing Finance Ltd. 3.80

Piramal Healthcare Limited 3.80

Aurobindo Pharma Ltd. 3.72

Onmobile Global Limited 3.26



Cesc Ltd. 2.87

Federal Bank Ltd. 2.45United Phosphorus Ltd. 2.29




ING Vysya Bank Ltd. 1.82



Dena Bank 1.56

Voltas Ltd. 1.51

IRB Infrastructure Developers Ltd. 1.48


Reliance Capital Ltd. 1.41

Union Bank of India 1.34

Bilcare Limited 1.28

Jubilant Organosys Limited 1.18

Vijaya Bank 1.02

Aditya Birla Nuvo Ltd. 1.01

Shriram Transport Finance Co Ltd. 0.75

Kirloskar Engines India Ltd 0.35

Kirloskar Industries Ltd. 0.05

Cash & others 6.99


TOTAL 100.00

1.01

1.51

1.63

1.73

1.92

2.87

3.26

3.88

4.04

4.35

4.50

7.11

7.41

8.20

9.13

10.05

10.15

10.27

0.005.0010.0015.00

Diversified


Miscellaneous

Gas

Retailing

Power

Telecom - Equipment & Accessories Software


Pesticides

Media & Entertainment


Industrial Products

Banks

Auto Ancillaries

Finance

Pharmaceuticals

Transportation

NAV movement in the last one year vis-a-vis CNX Midcap Index

Taurus Discovery FundCNX Midcap Index

-2.00 4.00 6.00 8.00

10.00 12.00 14.00 16.00 18.00 20.00

Jul-0

9

Aug-

09

Sep-

09

Oct-0

9

Nov-

09

Dec-

09

Jan-

10

Feb-

10

Mar-

10

Apr-

10

May-

10

Jun-

10

11

Individuals Corporate NRI

Short Term 12.5%+ 7.5% Bond Fund surcharge+surcharge+surcharge+

3% cess 3% cess 3% cess

Total Tax 13.841%22.145%13.841%

Money Market and 25%+ 7.5%25%+ 7.5%25%+ 7.5%Liquid Schemes surcharge+surcharge+surcharge+

3% cess 3% cess 3% cess

Total Tax 27.681%27.681%27.681%

20%+ 7.5% 12.5%+ 7.5%

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.


SCHEME FEATURES


Liquidity

Tax Benefits for Dividend Distribution


TAURUS ULTRA SHORT TERM BOND FUND - AN OPEN-END DEBT SCHEME

Fund Manager's Comment: Liquidity situation turned from bad to worse in June. The LAF numbers turned negative to the tune of Rs. 48.5K Cr negative in June from Rs. 32.5K Cr positive last month. Money market rates went up in June on account of liquidity outflow due to 3G auction and advance tax outflow. The money market yields hardened across the board by around 75-80 bps. We did come out of the difficult liquidity situation and managed to give competitive returns, as we had high percentage of exposure to liquid CDs that provided us liquidity at the time of tight situation. The short end rates are likely to come down in the first half in July, though the rates of 6m-12m segment is likely to remain firm on account of subdued buying by Mutual Funds. We would keenly watch the impact of introduction of base rates in the Indian banking system on the short end rates.

LOAD STRUCTURE

Entry Load Exit LoadNIL • Retail Plan: Nil

• Institutional Plan: Nil• Super Institutional Plan: Nil

Switch: Exit Load NIL.

PE

RF

OR

MA

NC

E


CRISIL Rated AAAf Fund, Date of Allotment: December 1, 2008.Net Asset Value (NAV):Retail Rs.: 1,001.5382 (D), 1,086.2157 (G), 1,002.0895 (W) per unit.Institutional Rs.: 1,001.5375 (D), 1,088.6693 (G), 1,002.0979 (W) per unit.Super Institutional Rs.: 1,001.5373 (D), 1,092.0696 (G) per unit.Average Maturity Period: 0.38 years.AAUM: Rs. 1,633.00 Cr.Retail: Sharpe Ratio: 12.24 Standard Deviation: 0.08 Alpha: 0.97Institutional: Sharpe Ratio: 12.87 Standard Deviation: 0.08 Alpha: 1.06 Beta: -0.01Super Institutional: Sharpe Ratio:14.16 Standard Deviation: 0.09 Alpha:1.28Minimum Application Amount:Retail Plan: Rs. 5,000/- per application and thereafter in multiplesof Rs. 1,000/-. thereofInstitutional Plan: Rs. 1 cr. per application and thereafter inmultiples of Rs. 1000/- thereof.Super Institutional Plan: Rs. 5 crs. per application and thereafter in multiples of Rs. 1000/- thereof.Additional Subscription Amount:Retail Plan: Rs. 1,000/- per application and thereafter in multiples of Rs. 1,000/-.Institutional Plan: Rs. 1lakh per application and thereafter inmultiples of Rs. 1000/-.Super Institutional Plan: Rs. 1lakh per application and thereafter in multiples of Rs. 1000/-.Fund Manager: Mr. Pankaj Jain (Co - Fund Manager)Registrar & Transfer Agent: M/s. Karvy Computershare Private Ltd.

CARE Rated AAAf Fund

Mr. Rahul Pal &




CD's Rating

State Bank of Patiala P1+/A1+13.74

Punjab National Bank PR1+6.78

State Bank of Hyderabad A1+3.58

Allahabad Bank A1+3.56

ICICI Bank Ltd. A1+3.54

State Bank of Bikaner & Jaipur P1+1.80

Central Bank of India P1+1.79

Axis Bank Limited P1+1.78

Bank of Baroda A1+1.76

Corporation Bank P1+1.76

TOTAL CD' s 40.08

CP's Rating

Future Capital Holdings LimitedPR1+5.25

Religare Finvest Limited A1+3.93

Indiabulls Securities Limited P1+3.57

Religare Securities Limited P1+3.56

Fullerton India Credit Co. Ltd. A1+2.74

Future Capital Financial Ser LtdPR1+1.77

Housing Development Finance Cor Ltd.A1+1.77

Raymond Ltd. PR1+1.76

Tata Motors Ltd. P1+1.75

Aditya Birla Finance Ltd A1+1.48

ICICI Home Finance Co. Ltd. A1+1.43

India Infoline Ltd. A1+0.68

J M Financial Products Private Ltd.P1+0.21

TOTAL CP's 29.90

NCD's Rating

Deccan Chronicle Holdings Ltd. PR1+7.25

Usha Martin Ltd. PR1+5.42

Fullerton India Credit Co. Ltd. LAA+3.59

Edelweiss Capital Limited P1+2.89

ECL Finance Limited A1+1.81

Kesoram Industries Ltd. PR1+1.81

Motherson Sumi Systems Ltd. A1+1.81

India Infoline Investment Serv LtdA1+1.81

Kotak Mahindra Prime Ltd. P1+1.80

Reliance Capital Ltd. CAREAAA0.73

TOTAL NCD's 28.92

CBLO Transaction 0.18

Cash & Cash Receivables 0.92

TOTAL 100.00

Rated

AAAf

by CRISIL

Rated

AAAf

by CARE

Period Returns (%)

NAV Crisil Liquid

Fund Index*

Retail Institutional Super

Institutional

3 Months 1.261.28 1.30 0.99

6 Months 2.382.42 2.49 1.92

1 Year 4.784.87 5.07 3.29

Since Inception5.375.52 5.73 4.84

The past performance may or may not be sustained in future.

*Benchmark Index:

Note: (1) Returns are calculated on a compounded annualised basis for a period of more than one year and absolute basis for a period less than or equal to one year, with reinvestment of dividends/bonus, if any.

Face Value changed from Rs.10 to Rs.1000 w.e.f. 20th Feb., 2010. Historical NAV adjusted as per new Face value of Rs. 1000

NAV movement in the last one year vis-a-vis Crisil Liquid Fund Index

Taurus Short Term Bond Fund -Ultra Super Insti Crisil Liquid fund index

1010.0000

1020.0000

1030.0000

1040.0000

1050.0000

1060.0000

1070.0000

1080.0000

1090.0000

1100.0000

Jul-0

9

Aug-

09

Sep-

09

Oct-

09

Nov-

09

Dec-

09

Jan-1

0

Feb-

10

Mar-

10

Apr-

10

May-

10

Jun-1

0

12

PE

RF

OR

MA

NC

E


TAURUS LIQUID FUND - AN OPEN-END LIQUID SCHEME


Institutional and Super Institutional plan introduced w.e.f. 26th Sep, 2008

1,001.1875 (D), 1,223.0968 (G) per unit.

Institutional Rs.: 1,021.4301 (G) per unit.

Super Institutional Rs.: 1,000.0111 (D), 1,000.4465 (G) per unit.

Average Maturity Period: 0.15 years.

AAUM: Rs. Cr.Minimum Application Amount:

Retail Plan: Rs. 5,000/- per application and thereafter in multiplesof Rs. 1,000/- thereof.

Institutional Plan: Rs. 1 cr. per application and thereafter inmultiples of Rs. 1000/- thereof.

Super Institutional Plan: Rs. 5 crs. per application and thereafter in multiples of Rs. 1000/- thereof.

Additional Subscription Amount:

Retail Plan: Rs. 1,000/- per application and thereafter in multiplesof Rs. 1,000/-.

Institutional Plan: Rs. 1lakh per application and thereafter inmultiples of Rs. 1000/-.

Super Institutional Plan: Rs. 1lakh per application and thereafter in multiples of Rs. 1000/-.

Sharpe Ratio: -1.04Standard Deviation: 0.11 Alpha: -0.11Beta: -0.01(The above measures have been calculated by taking month end NAV for 1year period from 30th June, 2009 to 30th June, 2010.)

NAV Calculation: All business days.

Fund Manager: Mr. Pankaj JainRegistrar & Transfer Agent: M/s. Karvy Computershare Private Ltd.

CRISIL Rated AAAf Fund

Date of Allotment: Aug 31, 2006.

Net Asset Value (NAV) Rs.:

236.62

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.


Tax free dividends in the hands of investors, no Gift Tax, no Wealth Tax as per the present Income Tax Act.

Period Returns (%)

NAV Crisil Liquid Fund Index*

3 Months 1.21 0.99

6 Months 2.13 1.92

1 Year 3.73 3.29

3 Years 5.08 6.13


The past performance may or may not be sustained in future.

*Benchmark Index:


SCHEME FEATURES


Liquidity

Tax Benefits

Face Value changed from Rs.10 to Rs.1000 w.e.f. 20th Feb., 2010. Historical NAV adjusted as per new Face value of Rs. 1000

Switch: Exit Load NIL.

Rated

AAAf

by CRISIL

Name of the scrip Rating % to Net Assets

TOTAL 100.00


CD

State Bank of Patiala A1+ 9.48Union Bank of India P1+ 7.89Punjab National Bank PR1+ 1.57CP

ECL Finance Limited A1+ 15.73Shree Renuka Sugars Ltd A1+ 15.70Aditya Birla Finance Ltd A1+ 7.95Indiabulls Securities Limited P1+ 7.87Religare Finvest Limited A1+ 7.87ICICI Home Finance Co. Ltd. A1+ 1.58NCD

Berger Paints India Ltd. P1+ 9.56Tata Motors Ltd. A1+ 7.97FD

Fixed Deposits 6.37CBLO Transaction 0.35Cash & Cash Receivables 0.10

Fund Manager's Comment: Liquidity situation turned from bad to worse in June. The LAF numbers turned negative to the tune of Rs. 48.5K Cr negative in June from Rs. 32.5K Cr positive last month. Money market rates went up in June on account of liquidity outflow due to 3G auction and advance tax outflow. The money market yields hardened across the board by around 75-80 bps. The short end rates are likely to come down in the first half in July, though the rates of 6m-12m segment is likely to remain firm on account of subdued buying by Mutual Funds. We would keenly watch the impact of introduction of base rates in the Indian banking system on the short end rates.

NAV movement in the last one year vis-a-vis CrisilLiquid Fund Index

Taurus Liquid FundCrisil Liquid Fund Index

1150.0000

1160.0000

1170.0000

1180.0000

1190.0000

1200.0000

1210.0000

1220.0000

1230.0000

Jul-

09

Aug-

09

Sep-

09

Oct-

09

Nov-

09

Dec-

09

Jan-

10

Feb-

10

Mar-

10

Apr-

10

May-

10

Jun-

10

13

PE

RF

OR

MA

NC

E

To generate income and capital appreciation with low volatility by investing in a diversified portfolio of short term debt and money market instruments.



Period Returns (%)

NAV Crisil Short Term Bond Fund Index*

6 Months 1.25 2.59

1 Year 2.88 4.85

3 Years 3.26 7.69

5 Years 3.41 6.80

Since Inception5.29 5.84


*Benchmark index changed from 9th April,2010.


Rs. 0.30 per unit dividend declared in the scheme in February 2002.

Fund Manager's Comment: The Indian corporate bond yields ended flat in the month of June following the G-Sec Yields. The 10 year AAA paper traded in a narrow range of 10 basis points, between 8.65% - 8.75%. Though the volumes were high on NDS platform for G-Sec, there was a lack of trading interest on the corporate side. On the short end, 6m-12m segment, the yields went up by 75-80 bps on account of nearly Rs. 200K Cr outflow from peak to bottom in the system.

For the month of July, the traders would keep a watch on the inflation numbers to be announced mid-July, which will predominantly decide the course of RBI policy meeting towards the end of July. The European problems continue un-abated and look sticky at the moment. The 10 year benchmark G-Sec yields may hover around 8.50%-8.70% with a downward bias.

SCHEME FEATURES


Liquidity

Tax Benefits


Date of Allotment: Aug 18, 2001.Net Asset Value (NAV) Rs.: 1,532.1941(D), 1,579.4544 (G) per unit.AAUM: Rs. 167.34 Cr.Minimum Application Amount: Rs. 5000/- & multiples of Rs. 1000/- thereof.

NAV Calculation: All business days.Fund Manager: Mr. Rahul Pal & Mr. Pankaj Jain (Co - Fund Manager)Registrar & Transfer Agent: M/s. Karvy Computershare Private Ltd.



• 0.25% if exited before 1 month• Nil if exited after 1 month

Switch: Debt to debt/Equity - relevant exit load applicable as mentioned above.

LOAD STRUCTURE



TOTAL 100.00

CD

Allahabad Bank P1+ 12.00

Yes bank Ltd. A1+ 11.81

Dhanalaxmi Bank PR1+ 11.78

IDBI Bank Ltd. F1+ 11.55

CP

JM Financial Products Pvt Ltd. P1+ 21.02

IVRCL Infrastructures Projects Ltd. F1+ 11.97

India Infoline Ltd. A1+ 5.98

Religare Finvest Ltd. A1+ 3.48

FD

Fixed Deposits 9.73

Cblo Transaction 0.33


TAURUS SHORT TERM INCOME FUND - AN OPEN-END BOND SCHEME

(formerly known as Taurus Income Fund)

Face Value changed from Rs.10 to Rs.1000 w.e.f. 26th Apr., 2010. Historical NAV adjusted as per new Face value of Rs. 1000

NAV movement in the last one year vis-a-vis CrisilShort Term Bond Fund Index

Taurus Short Term Income FundCrisil Short Term Bond Fund Index

14601480

1500

1520

1540

1560

1580

1600

1620

1640

1660

Jul-

09

Aug-

09

Sep-

09

Oct-

09

Nov-

09

Dec-

09

Jan-1

0

Feb-

10

Mar-

10

Apr-

10

May-

10

Jun-

10

PE

RF

OR

MA

NC

E

14

TAURUS GILT FUND - AN OPEN-END GILT SCHEME


Date of Allotment: Aug 18, 2001.Net Asset Value (NAV) Rs.: 13.6671 (D), 13.9472 (G) per unit.AAUM: Rs. 0.01 Cr.Minimum Application Amount: Rs. 5000/- & multiples of Rs. 1000/- thereof.Sharpe Ratio: -5.42Standard Deviation: 0.34 Alpha: -1.84(The above measures have been calculated by taking month end NAV for 1year period from 30th June, 2009 to 30th June, 2010.)

NAV Calculation: All business days.

Fund Manager: Mr. Pankaj Jain.

Registrar & Transfer Agent: M/s. Karvy Computershare Private Ltd.

To provide risk free returns to the investors even for a shorter duration through investment in securities issued by Central Government or State Government or any security unconditionally guaranteed by Government of India. Investment will also be made in repos and reverse repos.



Period Returns (%)

NAV I-Sec Composite Index

6 Months 0.41 3.571 Year 1.44 4.493 Years 2.45 8.845 Years 1.57 7.29Since Inception 3.82 6.98


Note: Returns are calculated on a compounded annualised basis for a period of more than one year and absolute basis for a period less than or equal to one year, with reinvestment of dividends/bonus, if any.

Rs. 0.30 per unit dividend declared in the scheme in February 2002.

Fund Manager's Comment: G-Sec yields ended flat in the month of June. The 10 year benchmark paper went to a low of 7.44%, after opening at 7.52%; on account of 3G auction reducing the burden on Indian fiscal deficit. The yields though went up over the next fortnight, touching a high of 7.69%, as inflation and IIP data came higher than expectations, giving rise to speculations of pre-policy action by RBI. Towards the end of June the yield fell back to 7.53% on account of uncertainty in Europe and reduction of borrowing amount by RBI for the July first week auction.

For the month of July, the traders would keep a watch on the inflation numbers to be announced mid-July, which will predominantly decide the course of RBI policy meeting towards the end of July. The European problems continue un-abated and look sticky at the moment. The 10 year benchmark G-Sec yields may hover around 7.40%-7.60% with a downward bias.

SCHEME FEATURES


Liquidity

Tax Benefits




Switch: Debt to debt/Equity - relevant exit load applicable as mentioned above.

LOAD STRUCTURE



TOTAL 100.00

CBLO Transaction 86.40


NAV movement in the last one year vis-a-vis I SecComposite Index

Taurus Gilt FundI Sec Composite Index

12.5000 12.7000

12.9000

13.1000

13.3000

13.5000

13.7000

13.9000

14.1000

14.3000

14.5000

Jul-

09

Aug-

09

Sep-

09

Oct-

09

Nov-

09

Dec-

09

Jan-

10

Feb-

10

Mar-

10

Apr-

10

May-

10

Jun-

10

debt + equity - taurusmutualfund.com times_jul… · initial reports indicate that the advance tax...

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