Taurus Discovery Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 14-10-2024
₹ 134.39
▲0.4%
1D
Inception Returns
18.8%
/yr
About the Fund
Taurus Discovery Midcap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Hardik Shah. The fund could potentially beat inflation in the long-run.
Key Parameters
- Taurus Discovery Midcap Fund Direct Growth has ₹140 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
- The fund has an expense ratio 2.2.
Returns
Taurus Discovery Midcap Fund Direct Growth has given a CAGR return of 18.77% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 29.32%, 17.93% and 25.96% respectively.
Holdings
Taurus Discovery Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Basic Materials, Health, Communication, Tech, Real Estate, Energy, Utilities, Consumer Defensive. Its top holdings are Bank of India, Inox Wind Energy Ltd Ordinary Shares, Aditya Birla Capital Ltd, Dalmia Bharat Ltd, Steel Authority Of India Ltd
Taxation
As it is a mid-cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Taurus Discovery Midcap Fund Direct Growth
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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. Taurus Discovery Midcap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
65 people have invested ₹ 1.7L in Taurus Discovery Midcap Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
5Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category
Fund Overview
| Expense ratio | 2.22% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹140 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 113.02% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (14-Oct-24)
Fund Distribution
as on (30-Sep-24)
Mid cap
68%
Small cap
24.9%
Large cap
3.1%
Sector Allocation
Financial Services
21.5%
Consumer Cyclical
17%
Industrial
15.6%
Basic Materials
13.7%
Health
7.8%
Communication
7.2%
Tech
7.2%
Real Estate
3.8%
Energy
3.5%
Utilities
1.5%
Consumer Defensive
1.1%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at -0.73% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 2.05% as on Sep'24
- This fund underperformed Nifty Midcap 150 by 2.78% in Sep'24
- AUM of the fund stands at 140.3 Cr as of Sep'24
- AUM has remained same between Sep'24 and Aug'24
Top Stocks bought last month
Coforge Ltd's allocation increased from 2.44% to 2.71%
Inox Wind Energy Ltd Ordinary Shares's allocation increased from 2.97% to 3.21%
Aditya Birla Capital Ltd's allocation increased from 2.9% to 3.14%
Top Stocks sold last month
Bank of India's allocation decreased from 4.32 % to 4.07 %
CreditAccess Grameen Ltd Ordinary Shares's allocation decreased from 2.73 % to 2.68 %
Vodafone Idea Ltd's allocation decreased from 2.92 % to 2.68 %
Small Cap allocation has gone up from 23% to 24.9%
Mid Cap allocation has gone down from 71.5% to 68%
Large Cap allocation has gone down from 3.2% to 3.1%
Cash allocation has gone up from 2.4% to 4%
Top 3 Sectors in September were Financial Services, Consumer Cyclical & Basic Materials
Sep'24
Financial Services
22%
Consumer Cyclical
17%
Industrial
16%
Aug'24
Financial Services
22%
Consumer Cyclical
20%
Basic Materials
13%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 6.3% |
Inox Wind Energy Ltd | 1.9% |
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Hardik Shah
Fund Manager of Taurus Discovery Midcap Fund Direct Growth, since 23 May 2022
Top funds managed
Fund House
Taurus Asset Management Company Limited
Total Schemes
Total AUM
₹928.77 Cr
as on 30-Sep-2024
Address
Taurus Asset Management Company Limited,Ground Floor, AML Centre-1,,8 Mahal Industrial Estate, Mahakali Caves Rd.,,Andheri(East)
Phone
+912266242700
Website
info@taurusmutualfund.com
Mutual Fund Insights
This fund expense ratio is slightly on the higher side within the category (mid-cap). Its expense ratio is 2.22% which is higher than the category average expense ratio of 1.13%.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 38.7% return, outperforming this fund by 12.74% per annum.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 36.53% return, outperforming this fund by 18.59% per annum.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 74.15% return, outperforming this fund by 44.83%.
Taurus Discovery Midcap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 18.77% since inception which is less than its category average return of 20.34%
Fund Allocations
This fund has an allocation of 96.01% in Equity, 0% in Debt and 3.99% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 9591 Cr
Expense Ratio 2.22%
This fund has an expense ratio of 2.22% which is more than its category average expense ratio of 1.36%
Frequently Asked Questions
The current NAV of Taurus Discovery Midcap Fund Direct Growth is ₹134.39 as on 14-Oct-2024.
Existing (Absolute + CAGR) as on 14-Oct-2024.
Taurus Discovery Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.84% | -2.84% |
6 Month Returns | 11.42% | 11.42% |
1 Year Returns | 29.32% | 29.32% |
3 Years Returns | 64.03% | 17.93% |
5 Years Returns | 217.11% | 25.96% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
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- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
2.22% as on September 2024
₹140 Cr as on September 2024
Bank of India(4.07%), Inox Wind Energy Ltd Ordinary Shares(3.21%), Aditya Birla Capital Ltd(3.14%), Dalmia Bharat Ltd(3.02%), Steel Authority Of India Ltd(2.88%) as on September 2024
Financial Services(20.68%), Consumer Cyclical(16.35%), Industrial(14.95%) as on September 2024
The alpha ratio for the Taurus Discovery Midcap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Taurus Discovery Midcap Fund Direct Growth | -8.8 | -4.17 | -1.04 |
As on September 2024
The alpha for Taurus Discovery Midcap Fund Direct Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Taurus Discovery Midcap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Taurus Discovery Midcap Fund Direct Growth | 0.94 | 1.01 | 0.85 |
As on September 2024
The Beta for Taurus Discovery Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Taurus Discovery Midcap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Taurus Discovery Midcap Fund Direct Growth | 1.61 | 0.91 | 1.05 |
As on September 2024
The sharpe ratio for Taurus Discovery Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Taurus Discovery Midcap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Taurus Discovery Midcap Fund Direct Growth | 14.5 | 16.13 | 19.22 |
As on September 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.66 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Hardik Shah is the fund manager of Taurus Discovery Midcap Fund Direct Growth
The Exit load of Taurus Discovery Midcap Fund Direct Growth is 1%