Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl

Equity
Direct
Mid-Cap
Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl

About the Fund

Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl 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

  1. Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl has ₹125 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 2.2.

Returns

Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl has given a CAGR return of 19.12% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 45.04%, 22.61% and 25.62% respectively.

Holdings

Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Industrial, Tech, Health, Communication, Real Estate, Energy, Consumer Defensive, Utilities. Its top holdings are Bank of India, Astral Ltd, CreditAccess Grameen Ltd Ordinary Shares, Dalmia Bharat Ltd, Hindware Home Innovation Ltd Ordinary Shares

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 benefit
Dividends 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 Plan-Reinvestment of Income Dist cum cap wdrl

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 Plan-Reinvestment of Income Dist cum cap wdrl has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
3 people have invested ₹ 3K in Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl in the last three months

Fund Overview

Expense ratio2.16%
Benchmark
S&P BSE Midcap TR INR
AUM₹125 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
112.14%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 97.9%

  • Debt & Cash 2.1%

Mid cap
69.8%

Small cap
25.7%

Large cap
2.4%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
23.1%
Consumer Cyclical
23%
Basic Materials
20.8%
Industrial
11.5%
Tech
4.8%
Health
4.8%
Communication
4.4%
Real Estate
2.7%
Energy
2.2%
Consumer Defensive
1.4%
Utilities
1.2%
All changes are between Apr'24 and Jun'24

Hardik Shah
Hardik Shah
Fund Manager of Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl, since 23 May 2022

Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 19.12% since inception which is less than its category average return of 20.73%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.93% in Equity, 0% in Debt and 2.07% in Cash related instruments
AUM size ₹125 Cr

AUM size ₹125 Cr

This fund has AUM of ₹125 Cr which is less than its category average of ₹ 8621 Cr
Expense Ratio 2.16%

Expense Ratio 2.16%

This fund has an expense ratio of 2.16% which is more than its category average expense ratio of 1.37%

Frequently Asked Questions

The current NAV of Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl is ₹118.86 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl
Absolute Returns
CAGR Returns
1 Month Returns
4.09%
4.09%
6 Month Returns
15.12%
15.12%
1 Year Returns
45.04%
45.04%
3 Years Returns
84.34%
22.61%
5 Years Returns
212.87%
25.62%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
2.16% as on June 2024
₹125 Cr as on June 2024
Bank of India(4.69%), Astral Ltd(4.5%), CreditAccess Grameen Ltd Ordinary Shares(3.14%), Dalmia Bharat Ltd(3%), Hindware Home Innovation Ltd Ordinary Shares(2.97%) as on June 2024
Financial Services(23.44%), Consumer Cyclical(21.73%), Basic Materials(20.08%) as on June 2024
The alpha ratio for the Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl
-6.5
-4.35
-0.2
As on June 2024
The alpha for Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl 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 Plan-Reinvestment of Income Dist cum cap wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl
0.93
0.99
0.86
As on June 2024
The Beta for Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl 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 Plan-Reinvestment of Income Dist cum cap wdrl 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 Plan-Reinvestment of Income Dist cum cap wdrl
2.17
1
0.95
As on June 2024
The sharpe ratio for Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl 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 Plan-Reinvestment of Income Dist cum cap wdrl 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 Plan-Reinvestment of Income Dist cum cap wdrl
14.03
16.04
19.83
As on June 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 1.81 as on June 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 Plan-Reinvestment of Income Dist cum cap wdrl
The Exit load of Taurus Discovery (Midcap) Fund - Direct Plan-Reinvestment of Income Dist cum cap wdrl is 1%