NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹122.34
-0.35%
NAV as on 18 Dec 24, 12:00 AM
very high risk
mid cap
equity
NAV as on 18 Dec 24, 12:00 AM
very high risk
mid cap
equity
14.72%p.a.
Last 1Y
19.38%p.a.
Last 3Y
23.15%p.a.
Last 5Y
8.62%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 129.59 Cr fund under management as on Dec 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 14.7% 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
- Anuj Kapil (Jun 2023 - Present)
- Hemanshu Srivastava (Jul 2024 - Present)
Key Information
View Scheme Document
Taurus Discovery (Midcap) Fund - Growth Option SIP Calculator
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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 Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% 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
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Frequently Asked Questions
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