NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Taurus Discovery (Midcap) Fund - Growth Option for NRI [116.75]

Min Investment

500

Fund Size

139.86 Cr

Expense Ratio

2.6%

Exit Load

1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

116.75

-2.58%

NAV as on 13 Nov 24, 12:00 AM

very high risk

mid cap

equity

NAV as on 13 Nov 24, 12:00 AM

very high risk

mid cap

equity

20.91%p.a.

Last 1Y

14.57%p.a.

Last 3Y

22.19%p.a.

Last 5Y

8.63%p.a.

Since Inception

About Taurus Discovery (Midcap) Fund - Growth Option for NRIs

NRIs can achieve long-term capital appreciation by investing in the Taurus Discovery (Midcap) Fund - Growth Option scheme from Taurus Asset Management Company Limited. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Sep 1994, Taurus Discovery (Midcap) Fund - Growth Option is Mid-Cap fund of its category with 139.86 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Mid-Cap funds.

  • Taurus Discovery (Midcap) Fund - Growth Option delivered 20.9% annual returns during the last year. It has delivered 8.6% average annual returns since the fund was launched.
  • Taurus Discovery (Midcap) Fund - Growth Option scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

Fund Objective

The prime objective of the Scheme is to achieve long term capital appreciation by investing in a portfolio consisting of equity and equity related securities predominantly of mid cap companies.

Top 10 Holdings

Bank of India

4.22%

Aditya Birla Capital Ltd

3.29%

Inox Wind Energy Ltd Ordinary Shares

3.27%

Coforge Ltd

3.18%

Dalmia Bharat Ltd

3.10%

The Federal Bank Ltd

2.89%

Indian Hotels Co Ltd

2.75%

Astral Ltd

2.74%

Steel Authority Of India Ltd

2.55%

REC Ltd

2.45%

Fund Managers

  1. Anuj Kapil (Jun 2023 - Present)
  2. Hemanshu Srivastava (Jul 2024 - Present)

Key Information

View Scheme Document

Taurus Discovery (Midcap) Fund - Growth Option SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Taurus Discovery (Midcap) Fund - Growth Option

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Taurus Discovery (Midcap) Fund - Growth Option?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Taurus Discovery (Midcap) Fund - Growth Option
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions