Taurus Mutual Fund

Taurus Mutual Funds is one of India’s largest privately-owned Mutual Fund houses. It has been in constant transactions since 1993 when the Indian Government mostly owned the biggest players in the business. Taurus Mutual Fund was also one of the first private players in Mutual Funds to register themselves with the SEBI.

Over its 25 years of operations, Taurus has managed to expand its portfolio to several Long Term and Short-Medium Term Mutual Funds. Registered in 1993, Taurus has had a successful journey in the market with multiple plans, including its first plan- Taurus Starshare- which is still going strong today.

Taurus MF is registered with Code No. MF/002/93 with SEBI and is currently one of India’s 10 largest Mutual Funds in terms of Assets Under Management.

Taurus has also had a very eventful history in India. It was the first private player to receive permission to manage investment profiles from NRIs and FIIs. Over the last decade, Taurus Mutual Fund has received a series of investments from the likes of IFC in Washington DC to the European Commission Investment Corporation headquartered in Brussels, the capital of Belgium.

Today, the Mutual Fund is managed by HB Portfolio Limited, which is also the Asset Management Company or AMC. It also has a Board of Trustees in the form of the Taurus Investment Trust Company, which is the de facto management of the Private Mutual Fund Company.

Taurus Mutual Fund is one of India’s most technologically sophisticated Mutual Fund houses. It was one of the first players to join the growing bandwagon to shift their operations online. Thanks to a hugely respected team of dedicated fund managers on its board of managers, Taurus has managed to retain a large population of India’s 29 states and 7 Union Territories as its loyal clientele.

Given that it has over 5000 branches across India, with a presence in more than 30 major cities and 50-odd smaller towns, Taurus has managed to penetrate what is considered a profoundly conservative market.

While the Mutual Funds business has continued to prosper, the management has changed multiple times. Two promoters- HB Mutual Fund & Taurus Mutual Fund- had merged in 1999 and formed a new entity listed as Creditcapital Asset Management Co. Ltd. Later in 2006, Creditcapital was renamed to Taurus Asset Management Co. Ltd.

In 2002, Taurus took over some portions of the BOI Mutual Fund. Post that, the market share of Taurus Mutual Funds has risen even more.

To comply with all domestic market norms and international standards, the Mutual Funds major has also teamed up with one of the world’s largest commercial banking entities- Deutsche Bank. HDFC Bank Ltd has control over most of its assets and also serves as a guarantor.