TAURRUS GROUP

Taurrus Group We provide a wide range of services across the fixed income value chain which include:

Funds Management

Investment Banking

Fixed Income Advisory

■ Taurrus Asset Managers(Mauritius) Ltd is a Wholly Owned Subsidiary (WOS) of a well established Portfolio Manager, Taurus Treasury Management Services Private Limited.

■ Understand the dynamic nature of our clients’ needs

■ Constantly endeavor to provide customized and value accretive solutions

■ Under the able leadership of Mr. Amar Gandhi, the Taurus Group has grown from a debt broker in 2005 to a SEBI licensed portfolio manager

Key Credentials

Debt Markets A Core Strength Of Group Over 2 Decades

Ranked amongst Top 5 in Corporate Debt

Ranked amongst Top 20 in Primary Bond Market.

A leader in the Corporate Bond and CP market, Contributing ~ 10% of Debt Volumes

19.6% *

23.20%*

1.85

3.49

2.92

1.76

2016 Apr-Jun 2016 Jul-Sep 2016 Oct-Dec 2017 Jan-Mar

FY 2017 Taurus PMS Performance

5.31

4.5

1.29

2.3

2015 Apr-Jun 2015 Jul-Sep 2015 Oct-Dec 2016 Jan-Mar

FY 2016 Taurus PMS Performance

About the Fund

Features of the Fund

• Provide high stable return

• Investment in a diversified portfolio of fixed income securities

• Invest in INR and/or USD denominated bonds of Investment Grade

Investment Strategy

• To invest in securities in high growth sectors offering attractive yields

• Positioning for arbitrage

USP of the Fund

• Strong origination capabilities

• Integral yield enhancement

• Inherent interest rate & currency hedge in the scheme

Fund Details: Taurrus India Advantage Fund

Fund Manager Taurrus Asset Managers ( Mauritius) Limited

Currency US Dollar (USD)

Fund Type Close Ended

Domicile Mauritius

Theme Fixed Income Emerging Markets

Maturity 3 Years

Underlying High Grade Corporate, Sovereign, Sub-sovereign bonds

Target return 6.00% p.a.

Fees 1.50% p.a.

Risk Profile Low to Moderate

Income Annually

Redemption 18 month & onwards * ( * Refer PPM )

Exit Load 3% before 18 months, 2 % later

Valuation Monthly

Opening Date TBD

Closing Date TBD

Min Investment USD 100,000

Minimum Subsequent Investment In multiples of USD 20,000

Fund Administrator Apex Fund Services (Mauritius) Ltd

Custodian IL&FS Securities Services Limited, India

Legal Advisor Madun Gujadhur Chambers, Mauritius

Auditors Anathiva , Mauritius

Bankers BankOne, SBM Bank (Mauritius) Ltd

ISIN MU0540S00007

Portfolio

Profile

Sovereign

Sub Sovereign

High Grade

Corporate

Financial Institution

Portfolio Profile

Credit Profile

Corporate 78 %

Soverign /Sub Sorveign – 22% Sov /sub- Sov

20 % TO 40 %

Corporate 80 % to 60%

Credit Range

Sector Profile

India, 0.5

ME, 0.3

Mauritius, 0.05

Indonesia, 0.15

USD, 0.63

INR, 0.37

GEOGRAPHY CURRENCY

Sov/sub-sov, 0.22

Energy, 0.18

Finance & Banking, 0.35

Real Estate, 0.1

Tele com, 0.05

Agri, 0.05 Metals &

Mining, 0.05

INDUSTRY /SECTOR

Mauritius, 0.88

India, 0.12

CUSTODY

Investment Committee

Objective Advise the sectoral/currency/ country/jurisdiction/asset allocation/duration for each scheme

Review strategy for targeted returns on the schemes, while mitigating risks

Monitor the overall performance of each scheme. Review investment decisions to align with the targeted returns. Validate/compare with respective benchmark

Frequency Initially to

meet once in a month

Members: Nominee of the Board of Taurrus Asset Managers

Head of Financial markets with a Bank

Head of Private wealth management with a Bank

Mr. Atul Joshi - Ex-Head FITCH India

Mr. Srikanth Venkataraman - Head Investments Fund manager Taurus Treasury management ( Ex AVP-ING Bank)

Risk Committee

Objective Evaluate and monitor sovereign, credit, market including currency risk in portfolio

Monitor and ensure adherence to any other risk parameters as detailed by the investment committee

Propose pruning/churning of the portfolio to mitigate risk

Mr Atul Joshi - Ex-Head Fitch India

Nominee from Apex Fund Services

Head of Market risk with a Bank

Mr. Karan Singh – Head Research, Credit and Macro (Ex: ICRA, Fidelity)

Mr. Ashok Bajaj – Deputy Head Compliance (Ex: Axis bank)

Frequency Initially once in

a quarter (or as

called by the

board of TAM)

Members:

Risk Mitigation

Risk

Mitigation

Interest Rate

Rise in Interest rates leads to capital depreciation in debt

Hedge through Interest Rate Futures

Credit

Risk of default when a borrower fails to service debt

Invest in High Grade Bonds, Comprehensive credit analysis, insisting on dual rating, Continuous credit monitoring

Currency

Depreciation of INR against Dollar

Judicious mix of Options , swaps and futures

Happy Investing Taurrus – Absolute opportunity and not an alternate opportunity

Taurus Treasury Management Services Private Limited.

Taurrus India Advantage Fund

Reg. Off: 201-204, Cosmos Court, c/o Apex Fund Services (Mauritius) Ltd.

Opp. IOCL Petrol Pump, 4th Floor, 19 Bank Street,

S.V.Road, Vile-Parle (w). Mumbai-400 056. India Cybercity, Ebene 72201,Mauritius

Tel: +91 22 61471192 Tel : +230 404 8800

Fax:+91 22 26104920/25 Facsimile : +230 404 8899

Email : pms@taurusgrp.com Email : taurrus@apex.mu

Website : www.taurusgrp.com Website : www.taurrusfund.com

Disclaimer :

This material is the sole property of Taurrus Asset Managers (Mauritius) Limited (TAML) and is intended to be used for business promotions only. Any views

and opinions contained in this document are those of TAML as at the date of issue; are subject to change and should not be taken as an investment advice.

TIAF and its affiliates and or their officers are not responsible for any subsequent investment advice given based on the information contained herein. This

document may not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or

not authorized. Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and could fall

as well as rise due to interest rate and currency movements. No warranty is given as to the accuracy or completeness of this information and no liability is

accepted for errors or omissions in such information. You understand that you are solely responsible for reviewing any strategy(ies) its offering and any

statements made by a TAML or its manager and for performing such due diligence as you may deem appropriate, including consulting your own legal and tax

advisers, and that any information provided by herein shall not form the primary basis of your investment decision. This material is based upon information

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