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Taurus Dynamic Income Fund launched

Taurus Dynamic Income Fund launched
PTI
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First Published: Thu, Jan 27 2011. 02 44 PM IST
Updated: Thu, Jan 27 2011. 02 44 PM IST
Mumbai: Taurus Mutual Fund on Thursday announced the launch of - Taurus Dynamic Income Fund - an open-ended income scheme.
The new fund offering, which opened 25 January, will close on 8 February, Taurus Mutual Fund said in a statement.
“Looking at the ongoing market volatility and absence of a clear trigger for stability in near future, both institutional and retail investors are looking for an investment option to park their funds, which can reduce their investment risk and glide them through this volatility,” Taurus Mutual Fund CEO Waqar Naqvi said.
The Fund will reduce investment risk and optimise returns by designing a portfolio, which will dynamically track interest rate movements and play on the shift or shape of yield curve to generate superior returns, he said.
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First Published: Thu, Jan 27 2011. 02 44 PM IST